CytomX Therapeutics Announces Multiple Publications on Pacmilimab (CX-072), a Conditionally Activated Inhibitor of Programmed Death-Ligand 1 (PD-L1)

On August 4, 2021 CytomX Therapeutics, Inc. (Nasdaq: CTMX), a clinical-stage oncology-focused biopharmaceutical company pioneering a novel class of investigational conditionally activated therapeutics based on its Probody technology platform, reported the publication of three articles in peer-reviewed journals on pacmilimab (CX-072), the Company’s wholly-owned conditionally activated antibody directed against PD-L1 currently being developed in combination with praluzatamab ravtansine (CX-2009) for the treatment of triple-negative breast cancer (TNBC) (Press release, CytomX Therapeutics, AUG 4, 2021, View Source [SID1234585799]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"My colleagues and I are delighted to see our ground-breaking work on the CytomX Probody therapeutic platform being published in high quality journals as we continue to lead this emerging and important field," said Sean McCarthy, D.Phil., president, chief executive officer and chairman of CytomX Therapeutics. "These comprehensive first-in-human results with the first ever Probody therapeutic candidate evaluated in clinical studies provide robust evidence that Probodies function as designed, eliciting potent anti-tumor activity in the context of enhanced systemic tolerability. Our technology is enabling a wide range of potentially first-in-class therapies against previously undruggable targets and also new combination therapies, opening up different ways of thinking about cancer treatment."

Constructed using CytomX’s industry-leading conditional activation Probody platform, each Probody therapeutic has a unique built-in mask that limits target binding in healthy tissues, while localizing its activation in the tumor microenvironment. This conditional activation is achieved by enabling mask removal by specific enzymes called proteases, which are activated in the tumor microenvironment, but tightly controlled in healthy tissues. Upon removal of the mask in the tumor microenvironment, Probody therapeutics engage their targets and destroy the cancer cells they were ultimately activated by.

While immune checkpoint inhibitor (ICI) therapies have transformed the landscape of cancer treatment, the limited response rates observed for cancer patients treated with single-agent PD-1/PD-L1 or cytotoxic T lymphocyte-associated antigen-4 (CTLA-4) blocking antibodies leave significant room for improvement. Conventional anti-PD-1/PD-L1 therapies can be impaired by immune-related adverse events (irAEs), which have been reported in as many as 30% of patients in Phase 3 studies, and particulary in combination settings.1

Pacmilimab (CX-072) is a Probody therapeutic directed against PD-L1 designed and developed by CytomX. Pacmilimab is engineered to be conditionally activated in the tumor microenvironment by tumor-associated proteases and to remain predominantly masked in the circulation. In preclinical studies, pacmilimab induced anti-tumor responses comparable to those of the parental anti-PD-L1 antibody and demonstrated reduced toxicity. Pacmilimab is wholly owned by CytomX.

First-in-human PET Imaging Study of Pacmilimab Biodistribution Published in Clinical Cancer Research

To evaluate the effect of Probody modifications on biodistribution and pharmacokinetics, we, in collaboration with Elisabeth G.E. de Vries, MD, PhD., Professor of Medical Oncology at the University Medical Centre Groningen, Groningen, the Netherlands, studied the biodistribution of pacmilimab labeled with the positron emission tomography (PET) isotope, zirconium-89 (89Zr), in patients with locally advanced or metastatic malignancies.

89Zr-labeled pacmilimab was found to be intact in the blood for up to 7 days and predominantly in its masked form in circulation, consistent with Probody design. All patients showed uptake of radioactivity into tumor lesions. Tumor-to-blood ratio of radioactivity increased over time, indicating that tumor uptake of pacmilimab is specific and retained in the tumor.

"This is the first human imaging report of a Probody therapeutic candidate that is conditionally activated in the tumor microenvironment," stated Marcia P. Belvin, Ph.D., senior vice president and head of research of CytomX Therapeutics. "The findings of intact pacmilimab in the circulation, modest uptake in normal lymphoid organs, and accumulation in the tumor, all support mechanistic performance of the Probody therapeutic platform, with target engagement in the tumor and reduced target engagement in normal tissues."

First-in-human Study of Pacmilimab in Patients with Advanced Solid Tumors Published in the Journal for ImmunoTherapy of Cancer

Patients with advanced solid tumors who were naïve to ICI therapies were eligible for this Phase 1/2 multicenter study. After the dose escalation (n=53) was complete and a recommended dose for future study defined, an additional 98 patients were enrolled into the dose expansion phase of the study, with pacmilimab administered intravenously at 10 mg/kg, the recommended Phase 2 dose (RP2D), every two weeks until confirmed disease progression or unacceptable toxicity. The tumor types evaluated included TNBC, anal squamous cell carcinoma (aSCC), cutaneous SCC (cSCC), undifferentiated pleomorphic sarcoma (UPS), small bowel adenocarcinoma (SBA), thymic epithelial tumor (TET), and high tumor mutational burden tumor (hTMB).

Combining all patients treated at 10 mg/kg, the overall objective response rate (ORR) in 114 evaluable patients who had at least one post-baseline disease assessment was 12 percent, with a disease control rate of 42 percent. Best responses per RECIST 1.1 in each tumor type are summarized in the table below:

TNBC
(n=15) aSCC (n=15) cSCC
(n=14) UPS
(n=20) SBA
(n=14) TET
(n=10) hTMB
(n=14) Others (n=12) Total (N=114)
ORR, % 7 13 36 5 0 0 29 8 12
CR, n (%) 0 0 1 (7) 0 0 0 1 (7) 0 2 (2)
PR, n (%) 1 (7) 2 (13) 4 (29) 1 (5) 0 0 3 (21) 1 (8) 12 (11)
SD, n (%) 7 (47) 6 (40) 5 (36) 4 (20) 2 (14) 5 (50) 2 (14) 3 (25) 34 (30)
DCR, n (%) 8 (53) 8 (53) 10 (71) 5 (25) 2 (14) 5 (50) 6 (43) 4 (33) 48 (42)
ORR, objective response rate; CR, complete response; PR, partial response; SD, stable disease; DCR, disease control rate (defined as CR, PR or SD of at least 8 weeks duration)

"These early results are very encouraging when compared with historical data from conventional ICIs," remarked Amy C. Peterson, M.D., executive vice president and chief development officer of CytomX Therapeutics. "The activities in TNBC and aSCC are particularly noteworthy given that single-agent atezolizumab had a 6% ORR in second or higher-line metastatic TNBC and the ORR for single-agent pembrolizumab in recurrent, PD-L1-positive aSCC was 17%, both of which are similar to our findings with pacmilimab in patients with more advanced disease," added Dr. Peterson.

At the RP2D of 10 mg/kg, pacmilimab displayed a favorable tolerability profile. Grade 3 or higher treatment-related adverse events (TRAEs) were reported in 10 patients (9%) and serious TRAEs in six patients (5%). The discontinuation rate due to TRAEs was a low 2%. Grade 3 or higher irAEs occurred in two patients, one each for rash and myocarditis. Additionally, pneumonitis and colitis, irAEs commonly seen in patients receiving conventional anti-PD-1/PD-L1 agents (2.2% and 0.7%, respectively),2 were reported only once for pneumonitis (0.7%) and there were no reports of colitis (0%). Collectively, these adverse event data indicate that pacmilimab is an attractive candidate for combination therapy.

First-in-human Study of Pacmilimab in Combination with Ipilimumab in Advanced Solid Tumors Published in the Journal for ImmunoTherapy of Cancer

To maximize the benefits of immunotherapy for patients, the field has moved aggressively toward combination therapy. While many of these combinations have been shown to elicit improved response rates compared with monotherapy, their adverse event profiles are often worse. A notable example is the combination of nivolumab (anti-PD-1) at a dose of 1 mg per kilogram of body weight and 3 mg per kilogram of ipilimumab (anti-CTLA-4) every three weeks, which produced a 58% ORR in a cohort of 314 patients with previously untreated advanced melanoma. However, this improved efficacy came at the cost of safety and tolerability, with grade 3 or 4 TRAEs occurring in 59% of patients.3

The goal of this first-in-human dose-finding study was to evaluate the tolerability and preliminary antitumor activity of pacmilimab combined with ipilimumab in patients with advanced, unresectable solid tumors. Twenty-seven patients who had not been previously treated with an ICI were enrolled. Dose-escalation followed a standard 3+3 design and continued until the maximum tolerated dose (MTD) was determined. Pacmilimab+ipilimumab was administered intravenously every 3 weeks for four cycles, followed by pacmilimab administered every 2 weeks as monotherapy.

The ORR was 19%, including one patient with anal squamous cell carcinoma having a complete response and four partial responses in patients with leiomyosarcoma, mesothelioma, testicular cancer, and cancer of unknown primary. Moreover, these responses appeared durable, with four of five responses lasting for more than 1 year as of data cutoff on August 28, 2020, including the patient with a complete response maintaining for more than 24 months. Pacmilimab-related grade 3-4 AEs and grade 3-4 irAEs were reported in nine (33%) and six (22%) patients, respectively. Three patients (11%) discontinued treatment due to AEs. There were no treatment-related deaths and no new safety signals were identified. Based on these findings, the MTD and recommended Phase 2 dose was pacmilimab 10 mg/kg in combination with ipilimumab 3 mg/kg administered every 3 weeks.

Pacmilimab is currently being evaluated in combination with praluzatamab ravtansine (CX-2009), the Company’s wholly-owned conditionally activated antibody-drug conjugate targeting CD166, in a Phase 2 study in patients with TNBC. To learn more about this study, please go to www.ClinicalTrials.gov using the identifier: NCT04596150.

Black Diamond Therapeutics to Present at Upcoming Investor Conferences

On August 4, 2021 Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a precision oncology medicine company pioneering the discovery and development of small molecule, MasterKey therapies, reported that its President and Chief Executive Officer, David M. Epstein, Ph.D., will present an update about the Company’s progress at the following upcoming investor conferences (Press release, Black Diamond Therapeutics, AUG 4, 2021, View Source [SID1234585796]):

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The 2021 Wedbush PacGrow Healthcare Conference. Dr. Epstein will be featured in a Targeted Oncology panel on Wednesday, August 11, 2021 at 10:20 AM ET. The session will be available via live webcast to conference attendees.
The Canaccord Genuity 41st Annual Growth Conference. The presentation will take place on Thursday, August 12, 2021 at 1:00 PM ET.
A live webcast of the Canaccord Genuity presentation can be accessed by visiting the investor relations section of the Company’s website, www.blackdiamondtherapeutics.com. A replay of the presentation will also be available and archived on the site for three weeks.

Elevation Oncology to Present at the 12th Annual Wedbush PacGrow Healthcare Conference

On August 4, 2021 Elevation Oncology, Inc. (Nasdaq: ELEV), a clinical stage biopharmaceutical company focused on the development of precision medicines for patients with genomically defined cancers, reported that Shawn M. Leland, PharmD, RPh, Founder and Chief Executive Officer of Elevation Oncology, will participate in a Targeted Oncology Panel at the 12th Annual Wedbush PacGrow Healthcare Conference on Wednesday, August 11, 2021 at 10:20 a.m. ET (Press release, Elevation Oncology, AUG 4, 2021, View Source [SID1234585788]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Following the presentation, a recording will be accessible for 30 days on the Events page of the Company’s Investor Relations website at View Source

Natera Announces Use of Signatera® as a Companion Diagnostic in GSK’s Phase III ZEST Trial for Niraparib in Early-Stage Breast Cancer

On August 4, 2021 Natera, Inc. (NASDAQ: NTRA), a pioneer and global leader in cell-free DNA testing, reported that the first patient has been screened in a new phase III trial that uses its personalized, tumor-informed molecular residual disease (MRD) test, Signatera, to identify early-stage breast cancer patients eligible for investigational treatment with GSK’s PARP inhibitor niraparib (ZEJULA) (Press release, Natera, AUG 4, 2021, View Source [SID1234585787]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The ZEST study, sponsored by GSK, is a randomized, multicenter, phase III, placebo-controlled clinical trial to evaluate the efficacy and safety of treatment with niraparib following surgery or completion of adjuvant therapy in 800 patients with either triple-negative breast cancer or HR-positive/HER2-negative, BRCA-mutated breast cancer. After definitive upfront treatment, serial testing with Signatera will be used to identify patients who have detectable MRD to evaluate therapy with niraparib versus placebo in a setting where relapse is detected early ahead of radiologically defined disease progression.

"We are delighted to partner with GSK, a leader in oncology drug development, to help bring personalized medicine to patients with early-stage breast cancer," said Solomon Moshkevich, general manager of oncology at Natera. "Our vision is that early-stage breast cancer patients will be monitored regularly using Signatera, with access to effective treatment upon the detection of molecular recurrence."

This is the second phase III registrational trial to incorporate Signatera as a companion diagnostic. Signatera has been designated as a Breakthrough Device by the FDA for three different clinical indications, including one designation for the early-stage breast cancer intended use being evaluated in the ZEST trial.

About Signatera
Signatera is a custom-built circulating tumor DNA (ctDNA) test for treatment monitoring and molecular residual disease (MRD) assessment in patients previously diagnosed with cancer. The test is available for both clinical and research use, and has been granted three Breakthrough Device Designations by the FDA for multiple cancer types and indications. The Signatera test is personalized and tumor-informed, providing each individual with a customized blood test tailored to fit the unique signature of clonal mutations found in that individual’s tumor. This maximizes Signatera’s accuracy for detecting the presence or absence of residual disease in a blood sample, even at levels down to a single tumor molecule in a tube of blood. Signatera is intended to detect and quantify how much cancer is left in the body, to detect recurrence earlier and to help optimize treatment decisions.

Signatera test performance has been clinically validated in multiple cancer types including colorectal, non-small cell lung, breast, and bladder cancers. Signatera has been developed and its performance characteristics determined by Natera, the CLIA-certified laboratory performing the test. The test has not been cleared or approved by the US Food and Drug Administration (FDA). CAP accredited, ISO 13485 certified, and CLIA certified.

AC Immune Reports Second Quarter 2021 Financial Results and Provides Corporate Update

On August 4, 2021 AC Immune SA (NASDAQ: ACIU), a clinical-stage biopharmaceutical company pioneering precision medicine for neurodegenerative diseases, reported its financial results for the quarter ended June 30, 2021, and provided a corporate update (Press release, AC Immune, AUG 4, 2021, View Source [SID1234585766]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Prof. Andrea Pfeifer, CEO of AC Immune SA, commented: "AC Immune continues its expansion with the transformative acquisition of PD01, which significantly strengthens our active vaccines portfolio by adding a clinically validated candidate in Parkinson’s disease, whilst maintaining a strong financial position of CHF 199.1 million in cash. In Q1, the Company released positive data on the safety and immunogenicity of ACI-24 and ACI-35.030, our anti-Abeta and anti-Tau vaccines in Alzheimer’s disease. We firmly believe that a vaccine approach coupled with the right diagnostic tools can bring an alternative therapeutic approach to prevent neurodegenerative diseases in large populations, like for Covid-19."

Q2 2021 and Subsequent Highlights

Announced an all-stock acquisition of Affiris’ portfolio of therapeutics targeting alpha-synuclein notably PD01, a clinically validated active vaccine candidate that places AC Immune at the forefront of Parkinson’s disease drug development. Through the planned acquisition and a concurrent financing, AC Immune will also strengthen its cash position and add Athos Service GmbH (Strüngmann family office), First Capital Partner GmbH (Egger Family Office), and MIG Fonds, the three lead investors in Covid-19 vaccine innovator BioNTech SE, to its shareholder base.
Presented the full results from the landmark Phase 1b clinical trial evaluating the anti-Abeta vaccine ACI-24 in subjects with Down syndrome at the Alzheimer’s Association International Conference (AAIC) 2021, showing that ACI-24 generated evidence of immunogenicity along with a positive pharmacodynamic response and a favorable safety and tolerability profile. Based on these results, the Company plans to advance an optimized formulation of ACI-24 into mid-stage clinical testing to treat and prevent the progression of Down syndrome (DS)-related Alzheimer’s disease (AD).
Provided key clinical and preclinical updates for its AD vaccine candidates targeting pathological amyloid beta (Abeta). The 18 months treatment and additional six-months safety observation is completed for all participants. The study is currently under analysis and AC Immune plans to present the results at an international Alzheimer conference. Non-human primate data further highlight the strong immunogenicity of our optimized ACI-24 formulation against pathological Abeta species, including oligomeric and pyroglutamate Abeta.
Expanded the Phase 1b/2a trial evaluating the first-in-class anti-phosphorylated-Tau (pTau) vaccine candidate ACI-35.030 for the treatment of AD in collaboration with Janssen Pharmaceuticals, Inc. The trial expansion, which was based on encouraging interim safety, tolerability and immunogenicity results to date, specifically includes vaccination of additional AD patients at the second highest dose to support continued development of ACI-35.030.
Achieved and Anticipated 2021 milestones
Clinical Milestones

ACI-35.030 anti-pTau vaccine: reported Phase 1b/2a interim results in AD patients in Q1 (second highest dose); further Phase 1b/2a interim analysis in Q4 (highest dose)
JACI-35.054 alternative anti-pTau vaccine: reported a Phase 1b/2a interim analysis in AD patients in Q2 (low dose)
Alpha-synuclein PET imaging agent: advanced third-generation candidate to first-in-human clinical study in Q1; readout expected in Q3
ACI-24 anti-Abeta vaccine in DS: reported Phase 1b topline results in Q1
ACI-24 in AD: reported Phase 2, 12-month interim analysis in Q1; reported 18-month interim analysis in Q2
Semorinemab anti-Tau antibody: Phase 2 trial primary completion (estimated last patient, last visit) in moderate AD in Q3
ACI-3024 small molecule Morphomer Tau aggregation inhibitor: select NeuroOrphan indication for further development in H2
ACI-24 in DS: submit investigational new drug (IND) application for optimized vaccine formulation in Q4
Preclinical Milestones

Alpha-synuclein small molecule inhibitor: identified first biologically active small molecule in Q1; start in vivo proof-of-concept studies in Q3
TDP-43 imaging agent: initiate investigational new drug (IND)-enabling studies in Q3
Morphomer NLRP3-ASC: report in vivo proof-of-concept results in a non-central nervous system (CNS) disease model and begin in vivo proof-of-concept studies with validated candidate in CNS in Q4
Anti-NLRP3-ASC antibody: begin in vivo proof-of-concept studies in Q4
Anti-TDP-43 antibody: initiate IND-enabling toxicology studies in Q4
TDP-43 biofluid diagnostic: establish validation-ready assay in Q4
Analysis of Financial Statements for the quarter ended June 30, 2021

Cash Position: The Company had a total cash balance of CHF 199.1 million, composed of CHF 104.1 million in cash and cash equivalents and CHF 95.0 million in short-term financial assets. This compares to a total cash balance of CHF 225.9 million as of December 31, 2020. The Company’s cash balance provides enough capital resources to progress through at least Q1 2024 without consideration of potential incoming milestone payments.
Contract Revenues: The Company did not record contract revenues for the three months ended June 30, 2021, a decrease of CHF 1.1 million from the comparable period. The overall decrease is predominantly related to CHF 0.9 million of contract revenue associated with R&D activities in our agreement with Lilly that were recognized in 2020 and did not repeat in the current period.
R&D Expenditures: R&D expenses increased by CHF 0.9 million for the three months ended June 30, 2021, to CHF 13.7 million.
Discovery and preclinical expenses (+0.8 million): The Company increased expenditures across a variety of its discovery and preclinical programs. These include investments for the development of our anti-TDP-43 antibody with the initiation of IND-enabling studies, the expansion of our Morphomer Tau program into NeuroOrphan indications and various other investments across our programs.
Clinical expenses (-0.6 million): The Company decreased expenditures across multiple clinical programs, as certain clinical activities completed or incurred significant scaling up in the prior period. For example, the Company completed its clinical activities of the Phase 1 trial of our Morphomer Tau asset in partnership with Lilly. Additionally, the Company incurred less expense for ACI-24 for DS-related AD as a result of prior period scaling up activities for a Phase 2 clinical trial which were not repeated in the current period.
Salary- and benefit-related costs (+0.4 million): The Company’s salary- and benefit-related costs increased primarily due to the internal reallocation of certain employees’ salaries and annualization of 2020 hires and increases in share-based compensation
G&A Expenditures: For the three months ended June 30, 2021, G&A increased by CHF 1.1 million to 5.2 million. This increase is predominantly related transaction costs incurred in completing the asset acquisition for Affiris’ alpha-synuclein portfolio and cash, the internal reallocation of certain employees’ salaries and other administrative items.
Other Operating Income: The Company recognized CHF 0.3 million in grant income for R&D activities performed under our Michael J. Fox Foundation for Parkinson’s Research (MJFF) and Target ALS grants, an increase of CHF 0.1 million compared to the prior period.
IFRS Loss for the Period: The Company reported a net loss after taxes of CHF 19.1 million for the three months ended June 30, 2021, compared with a net loss of CHF 15.8 million for the comparable period in 2020.