Neuren Pharmaceuticals Limited
Appendix 4D Half-Year Financial Report
30 June 2020

On August 25, 2021 Neuren Pharmaceuticals Limited ("Neuren" or the "Company") reported this financial report, including the interim consolidated financial statements, for the six months ended 30 June 2020, with the six months ended 30 June 2019 as the comparative period.

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2. Results for announcement to the market

The Group’s net loss after tax for the half-year ended 30 June 2020 was $4.8 million, compared with $7.9 million for the half-year ended 30 June 2019, predominately due to a decrease of $2.7 million in research and development costs. This was due to lower expenditure for manufacturing and non-clinical activities relating to the Rett Syndrome Phase 3 trial, partially offset by an increase in expenditure in 2020 for the NNZ-2591 non-clinical studies and Phase 1 trial, including manufacture of the required drug.

A more detailed discussion of the activities undertaken in the period is set out in the Directors’ Report contained in the attached Interim Report.

3. Net Tangible Assets per Security

4. Entities over which control has been gained or lost during the period: None.

5. Details of dividends Not applicable.

6. Details of dividend reinvestment plans Not applicable.

7. Details of associates and joint venture entities None.

8. Accounting standards The interim financial statements have been prepared in accordance with generally accepted accounting practice in New Zealand and NZ IAS 34 Interim Financial Reporting.

9. Auditors review
The interim financial statements have been subject to independent review by the Company’s auditors. The unqualified review report is included in the attached Interim Report

United Therapeutics Partners with Former NFL Player Devon Still and His Daughter Leah to Launch "Braving NeuroBLASToma" in Honor of Childhood Cancer Awareness Month

On August 25, 2021 United Therapeutics Corporation (Nasdaq: UTHR) reported it is joining forces with former NFL player Devon Still and his daughter Leah, a survivor of high-risk neuroblastoma, to launch the educational initiative "Braving NeuroBLASToma" shining a light on the rare cancer affecting immature nerve cells called neuroblasts.iv Neuroblastoma often develops in infants and children under the age of five, but the average age of diagnosis is between one and two years old (Press release, United Therapeutics, AUG 25, 2021, View Source [SID1234586885]).

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Devon and Leah Still, spokespeople for Braving NeuroBLASToma

Each year, about 800 children are diagnosed with neuroblastoma, accounting for seven to ten percent of all childhood cancers in the United States. v, vi At the time of diagnosis, nearly 70 percent of children will have advanced or metastatic neuroblastoma, with only half of these patients achieving remission.vii,viii Neuroblastoma can start to form in several places including near the abdomen, spine, chest, or adrenal glands.ix

"When I first learned that Leah had high-risk neuroblastoma, the sense of fear and helplessness was so overwhelming that I struggled to know where to begin," said Devon Still. "Over the years, so many in the childhood cancer community have shown us how much they care each and every step of the way, from making the tough decisions to ensuring Leah’s comfort while undergoing treatment. Partnering with United Therapeutics enables us to share our personal experiences with braving neuroblastoma and lend others the support we so generously received throughout the years."

Braving NeuroBLASToma features:

A family-friendly toolkit with a resource-rich website, including a comprehensive library of information and resources such as questions for the doctor, navigating clinical trials, understanding treatment, and caregiver advice.
A series of four beautifully illustrated books, including the latest release of Zara Takes Off – inspiring hope and encouragement as families transition to life after treatment. The new release includes a personal foreword penned by Leah, sharing details of her personal journey.
Each book highlights different stages of the high-risk neuroblastoma journey, beginning with The Big Adventures of Little Skivolo that helps families understand diagnosis and treatment, The Next Big Adventure of Little Skivolo that focuses specifically on the antibody therapy phase of treatment, Little Skivolo’s Big Book of Fun, an activity book to help entertain kids and families during hospital stays and culminates with Zara Takes Off. 
"For many years, United Therapeutics has been working with leading researchers in pediatric neuroblastoma, including the Children’s Oncology Group supported by the National Cancer Institute, to bring hope to thousands of families fighting this deadly childhood cancer," said Karren Jackson, Oncology Program Head at United Therapeutics. "We are tremendously proud to partner with Devon Still and his daughter Leah to highlight what courage, resilience and support from loved ones can do for children and their families impacted by neuroblastoma."

As treatment comes to an end, families can start to transition out of treatment mode and into more familiar routines while the healthcare team continues to monitor the child’s recovery. But the neuroblastoma journey doesn’t stop there, patients will continue to see their oncology team on a routine basis to monitor for long-term side effects and to ensure the cancer has not returned. This leg of the journey requires continued vigilance, support, and encouragement.

"The treatment of a child with high-risk neuroblastoma challenges both patients and caregivers to their core, with each family enduring unique and evolving medical needs," said Rochelle Bagatell, MD, Pediatric Oncologist, Children’s Hospital of Philadelphia, and Neuroblastoma Committee Chair for the Children’s Oncology Group. "As a care provider, I encourage families to leverage the resources available to them, so together we can ensure that each child receives the best care and support possible."

For more information visit BravingNeuroBLASToma.com, a comprehensive resource for every step in the patient journey.

About Neuroblastoma:
Neuroblastoma is the most common cancer in infants less than a year old, but is considered a rare cancer.i Each year, about 800 children are diagnosed with neuroblastoma, accounting for seven to ten percent of all childhood cancers in the United States.v,vi This solid-tumor cancer starts in immature nerve cells called neuroblasts and often develops in infants and children under the age of five, but the average age of diagnosis is between one and two years old.iv Neuroblastoma can form anywhere along the sympathetic nerve chain and is commonly seen in in the abdomen, spine, chest or adrenal glands.ix At the time of diagnosis, nearly 70 percent of children will have advanced or metastatic neuroblastoma.vii Despite advancements in the research and approval of treatments for neuroblastoma, there remains a high unmet need for high-risk neuroblastoma patients. For children with pediatric high-risk neuroblastoma, even when treated and remission is achieved, about 50-60% will relapse (disease returns) and about 10% of children with pediatric high-risk neuroblastoma will not respond to upfront chemotherapy—this is called refractory neuroblastoma.x There is currently no cure for relapsed high-risk neuroblastoma.xi

PROMIS NEUROSCIENCES CLOSES UPSIZED US$20,125,000 PUBLIC OFFERING 

On August 25, 2021 ProMIS Neurosciences Inc. (TSX: PMN) (the "Company" or "ProMIS"), a biotechnology company focused on the discovery and development of antibody therapeutics targeting toxic oligomers implicated in the development of neurodegenerative diseases, reported that it has closed its previously announced upsized public offering (the "Offering") for gross proceeds of US$20,125,000, including the exercise in full of the 15% Agent’s option (Press release, ProMIS Neurosciences, AUG 25, 2021, View Source [SID1234586883]).

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A total of 125,781,250 units of the Company (the "Units") were issued at US$0.16 per Unit pursuant to the Offering. Each Unit consisted of one common share of the Company (a "Common Share") and one-quarter of one Common Share purchase warrant (each whole purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (each, a "Warrant Share") at a price of US$0.21 per Warrant Share at any time up to August 25, 2026, subject to an acceleration provision.

Leede Jones Gable Inc. (the "Agent") acted as the agent and sole bookrunner pursuant to an agency agreement with the Company dated August 19, 2021 (the "Agency Agreement"), and Ceros Financial Services, Inc. acted as the exclusive sub-agent for the sale of Units in certain jurisdictions.

In consideration for the services performed by the Agent pursuant to the Agency Agreement, the Company paid the Agent (or as the Agent otherwise directed) a cash commission equal to 7% of the gross proceeds from the Offering and issued to the Agent (or as the Agent otherwise directed) that number of compensation warrants (the "Compensation Warrants") equal to 7% of the Units sold under the Offering. Each Compensation Warrant entitles the holder thereof to purchase one Common Share (each, a "Compensation Warrant Share") at a price of $0.16 per Compensation Warrant Share at any time up to August 25, 2026.

The Offering was made pursuant to the Company’s prospectus supplement dated August 19, 2021 (the "Supplement") to the Company’s short form base shelf prospectus dated June 30, 2021 (the "Base Prospectus"). Additionally, the Offering was conducted by way of private placement in other jurisdictions where the Offering could lawfully be made. Copies of the Base Prospectus, Supplement and Agency Agreement are available under the Company’s profile on SEDAR at www.sedar.com.

The Company intends to use the net proceeds from the Offering to advance its lead Alzheimer’s therapy PMN310 to the filing of an Investigational New Drug (IND) application to enable a first clinical trial; to expand the Company’s portfolio of antibodies and patents; and for general corporate purposes, including, to establish a discovery laboratory in the Boston area, to accelerate and broaden the scope of the Company’s discovery efforts and to add additional scientific, administrative and support staff, all as further set out in the Supplement.

The investors include Mike Gordon of Fenway Sports Group, the Kraft Group, Henry McCance, cofounder of the Cure Alzheimer’s Fund, and Jeremy Sclar of WS Development Group, all of whom invested in the March 2021 financing, as well as new investors David Adelman of Darco Capital, Michael Rubin, Chairman and CEO of Fanatics, and Aspire Capital Fund, an institutional investor based in Chicago.

The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Patrys FY21 Annual Report

On August 25, 2021 Patrys reported its Annual Report for the 2020-2021 Financial Year (FY21) (Press release, Patrys, AUG 25, 2021, View Source [SID1234586882]).

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Highlights include:

2020

Expansion of deoxymab portfolio with the addition of full sized IgG antibody, PAT-DX3
First patent granted for deoxymab-nanoparticles
Capital raising of $7.3m via a Placement and Rights Issue
2021

Successful development and selection of an optimised stable cell-line for commercial scale production of clinical grade PAT-DX1
New United States patent granted for Patrys’ deoxymab assets
Completion of animal pharmacokinetic studies for both PAT-DX1 antibody fragment and full-sized PAT-DX3 IgG antibody
Announcement of a collaborative research program with Imagion Biosystems Limited to improve brain tumor imaging and diagnosis
Publication of preclinical data, from collaboration with Yale School of Medicine demonstrating the ability of PAT-DX1 to cross the blood-brain barrier (BBB) and significantly inhibit the growth of both primary and secondary cancers in the brain in animal models

iBio Expands Immuno-Oncology Pipeline in AI Partnership with RubrYc Therapeutics

On August 25, 2021 iBio, Inc. (NYSEA:IBIO) ("iBio" or the "Company"), a developer of next-generation biopharmaceuticals and pioneer of the sustainable FastPharming Manufacturing System, reported that it has signed a definitive worldwide exclusive license agreement with RubrYc Therapeutics, Inc., ("RubrYc") for RTX-003, an immunotherapy candidate targeting regulatory T cells (Tregs) (Press release, iBioPharma, AUG 25, 2021, View Source [SID1234586880]). The partnership also includes an option agreement for iBio to license additional antibodies built using RubrYc’s artificial intelligence ("AI")-based antibody discovery platform.

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"We are pleased to add another promising candidate to our growing oncology R&D pipeline, and especially one with such a compelling mechanism of action," said Tom Isett, Chairman & CEO of iBio. "Designing an antibody that effectively binds CD25 without blocking the IL-2 signaling pathway is a widely recognized challenge, so the successful preclinical development of RTX-003 provides validation of RubrYc’s capabilities. Moving forward, we aim to replicate this discovery and development model by combining access to the RubrYc Discovery Platform with iBio’s proprietary Glycaneering and FastPharming Technologies to bring multiple new candidates to the clinic in a timely and cost-efficient manner."

CD25 has emerged as a promising target in immuno-oncology because it is expressed by immunosuppressive Tregs and overexpressed in certain tumor cells. Preclinical data on RTX-003 has shown that it selectively binds and depletes Tregs in the tumor microenvironment without compromising immunostimulatory interleukin 2 ("IL2") signaling to other T cells, thereby generating strong anti-tumor responses. These robust anti-tumor effects were observed using RTX-003 as a monotherapy, as well as in combination with checkpoint inhibitors.

The positive RTX-003 preclinical data are consistent with results from another non-IL2 blocking anti-CD25 antibody, one that is now in a Phase I clinical trial. Given the validation for this mechanism of action, iBio plans to use its development and manufacturing capabilities to advance RTX-003 to the clinic as IBIO-101, which is a version of RTX-003 produced in plants using the FastPharming System. Initiation of IND-enabling studies is expected by mid-2022.

As part of the agreements, iBio made an upfront $5.0 million payment to RubrYc, with an additional $2.5 million commitment for December 2021. In return, the Company will receive the RTX-003 commercialization rights, options for additional molecules developed using RubrYc’s predictive algorithms, and an equity stake. RubrYc is eligible to receive certain pre-specified payments upon achievement of development milestones for IBIO-101, as well as royalties on net sales of that molecule and other licensed antibodies.

Isaac J. Bright, M.D., CEO of RubrYc, commented: "This partnership creates tremendous synergy with three platform technologies that together may accelerate the rapid discovery and development of next-generation immunotherapies. We look forward to our exciting new collaboration with iBio."