Gritstone Announces Private Placement Financing of $55.0 Million

On September 16, 2021 Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company developing next generation cancer and infectious disease immunotherapies and vaccines, reported a $55.0 million private investment in public equity (PIPE) financing from the sale of 5,000,000 shares of its common stock at a price per share of $11.00 (Press release, Gritstone Oncology, SEP 16, 2021, View Source [SID1234592013]). Gross proceeds from the PIPE financings total $55.0 million, before deducting placement agent fees and offering expenses. The PIPE is being led by Frazier Life Sciences Public Fund, with additional participation from Redmile Group and Gilead Sciences.

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"As long-term backers of Gritstone, we continue to be impressed by the company’s progress and emergence as a leader in development of next generation immunotherapies and vaccines for cancer and infectious diseases," said Jamie Brush, M.D., General Partner and Portfolio Manager of the Frazier Life Sciences Public Fund. "We believe Gritstone’s EDGE platform and integrated vaccine manufacturing capabilities uniquely position the company to rapidly expand into infectious disease vaccine development with a potentially refrigerator stable self-amplifying mRNA vaccine platform. This financing will help ensure Gritstone has the resources to move quickly in this exciting new area, and we are excited to support the company in its next phase of growth."

The closing of the PIPE financing is subject to customary closing conditions and is expected to close by September 17, 2021. Cowen served as the sole placement agent for the PIPE financing.

The securities sold in this private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. except pursuant to an effective registration statement or an applicable exemption from the registration requirements. Gritstone bio has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the shares of common stock issued in this private placement.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

ALX Oncology Announces Initiation of Investigator-Sponsored Trial of Evorpacept (ALX148) in Patients with Indolent and Aggressive Non-Hodgkin Lymphoma

On September 16, 2021 ALX Oncology Holdings Inc., ("ALX Oncology") (Nasdaq: ALXO), a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, reported the initiation of a Phase 1/2 investigator-sponsored trial of evorpacept (also known as ALX148), a next generation CD47 blocker, in combination with rituximab and lenalidomide for the treatment of patients with indolent and aggressive non-Hodgkin lymphoma ("NHL") (Press release, ALX Oncology, SEP 16, 2021, View Source [SID1234591864]). This study is being led by Dr. Paolo Strati at The University of Texas M.D. Anderson Cancer Center ("MDACC"), one of the largest multidisciplinary programs in the U.S. for treating NHL.

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"We are excited to launch this study that builds upon the promising anti-tumor activity and tolerability observed from ASPEN-01, ALX Oncology’s Phase 1b study to investigate the combination of evorpacept and rituximab in patients with advanced relapsed and refractory NHL," said Paolo Strati, M.D., Assistant Professor, Department of Lymphoma-Myeloma and Department of Translational Molecular Pathology, MDACC. "NHL remains a difficult-to-treat cancer and patients are in desperate need for more therapeutic options to help improve disease outcomes. From a mechanistic perspective, the combination of a CD47 blocker and rituximab, as well as the combination of lenalidomide and rituximab, have demonstrated clinical activity against NHL. As these doublet combinations act through different but synergistic mechanisms, and have non-overlapping individual toxicity profiles, we anticipate the triplet combination of evorpacept, rituximab and lenalidomide will positively impact efficacy without increasing toxicity."

About Non-Hodgkin Lymphoma

Approximately 500,000 people worldwide are diagnosed with NHL each year. In the U.S., NHL is the seventh most common type of cancer, and over 80,000 newly diagnosed cases of NHL are estimated in 2021. Treatment options are currently limited and resistance to existing therapies or relapse following treatment is common. The most prevalent form of NHL, accounting for about 40% of newly diagnosed NHL cases, is an aggressive form called diffuse large B-cell lymphoma ("DLBCL"). Patients with relapsed or refractory DLBCL have an extremely poor prognosis with a median survival of approximately 6 months. Indolent lymphomas comprise another common form of NHL, especially among elderly individuals, where safe and effective chemotherapy-free options for these patients are urgently needed.

CureLab Oncology Presents at 2021 ESMO Congress

On September 16, 2021 CureLab Oncology’s a clinical-stage biotech company, reported at this year’s European Society for Medical Oncology (Press release, CureLab Oncology, SEP 16, 2021, View Source [SID1234587960]). Two reports were accepted and are featured as e-posters in the oncology/PRO educational portal for oncologists.

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The reports describe findings resulting from CureLab’s clinical trials of Elenagen, an experimental DNA therapy, that are currently underway at N.N. Alexandrov National Cancer Centre of Belarus under the direction of a team led by Deputy Director Professor Sergei Krasny, MD, DSc.

The reports are available online:

Plasmid encoding p62/SQSTM1 administered in combination with CMF chemotherapy improves outcomes in metastatic triple-negative breast cancer patients
Adding dosing of plasmid encoding p62/SQSTM1 to gemcitabine chemotherapy may provide clinical benefits to patients with platinum-resistant ovarian cancer

About Elenagen
CureLab’s lead investigational compound is code-named Elenagen, an experimental DNA therapy that consists of a circular piece of DNA called a plasmid that includes a gene for a human protein called p62/SQSTM1. In animal studies and Phase I/II human trials conducted ex-US, Elenagen has shown promise in reversing tumor grade, changing the tumor microenvironment, and enhancing the anti-cancer effects of chemotherapy. Experimental results indicate a mitigation of chronic inflammation and stimulation of an immune response to the tumor.

Carrick Therapeutics Presents Encouraging Initial Efficacy for Samuraciclib (CT-7001) in Combination with Fulvestrant in Advanced HR+, HER2- Breast Cancer Patients at ESMO Congress 2021

On September 16, 2021 Carrick Therapeutics, an oncology-focused biopharmaceutical company discovering and developing highly differentiated therapies, reported that encouraging initial clinical data on samuraciclib (CT-7001), an oral and first-in-class inhibitor of CDK7, at the 2021 European Society of Medical Oncology (ESMO) (Free ESMO Whitepaper) Congress (Press release, Carrick Therapeutics, SEP 16, 2021, View Source [SID1234587940]).

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Data presented from a Phase 2a study of samuraciclib in combination with fulvestrant in women with hormone receptor positive (HR+), HER2- advanced breast cancer (BC) previously treated with a CDK4/6 inhibitor (abstract: 1346 (265P)) demonstrated clinical activity and tolerability that supports further clinical development of the combination.

"Today, for the first time, we presented data from a clinical trial of our oral CDK7 inhibitor, samuraciclib. Results of the Phase 2a study in combination with fulvestrant demonstrated clinical activity and tolerability in patients with HR+, HER2- advanced breast cancer, reinforcing our conviction that samuraciclib has potential to be a first and best-in-class treatment," said Tim Pearson, Chief Executive Officer of Carrick Therapeutics. "As a reminder, the FDA recently granted Fast Track designation to samuraciclib in combination with fulvestrant for CDK4/6 inhibitor resistant patients. This patient population is particularly difficult to treat, with a recent trial showing only 8 weeks mPFS benefit when women are treated with fulvestrant alone. Based on this initial data, we believe samuraciclib has the potential to provide a clinically meaningful benefit for all patients, most notably in those women that are TP53 wildtype. In addition to fulvestrant, we are exploring additional samuraciclib combinations, including with giredestrant, a next-generation oral SERD, through our recently announced clinical collaboration with Roche in metastatic breast cancer. We thank the women that participated in this Phase 2a trial and look forward to continuing the fight against this and other types of cancer."

As part of the Phase 2a study of samuraciclib in combination with fulvestrant in patients with advanced HR+, HER2- BC, 31 patients were enrolled with difficult-to-treat disease. 81% of these patients had visceral disease, including 45% with liver metastasis. All patients enrolled previously progressed following treatment with a CDK4/6 inhibitor. Of the 31 patients enrolled in the study, 24 patients were evaluable for response at the time of data cut-off:

17 (71%) had tumour shrinkage, with a best RECIST response of partial response (PR) in two (8%) patients and stable disease (SD) in 13 (54%) patients.
Median progression-free survival (mPFS) of the intent-to-treat (ITT) population was 16.1 weeks (n=31).
Notably, patients with no mutation in the TP53 gene had a mPFS of 32.0 weeks (n=18).
Prolonged disease control was also apparent in patients with no liver metastases at baseline (n=17), with mPFS having not yet been reached. At the point of this data cut-off, mPFS would be at least 28 weeks.
Adverse events were predominantly low-grade gastrointestinal (GI) events that were reversible and manageable using standard prophylactic treatment. No significant neutropenia or myelosuppression associated with other CDK inhibitors were observed.
This data supports the further development of samuraciclib in HR+ advanced BC.
"The data from this study show excellent preliminary evidence of activity of samuraciclib in combination with fulvestrant," said Dr. Sacha Howell, The Christie NHS Foundation Trust, Manchester, UK and a primary investigator in the Phase 2a study. "This population of patients, previously treated with CDK4/6 inhibitors, are known to have previously demonstrated short PFS benefit from fulvestrant alone. The efficacy data, particularly in participants with wildtype TP53, exceeded my expectations and offers the potential for durable endocrine disease control, further delaying the need for chemotherapy. Those participants remained on therapy for prolonged durations demonstrates tolerability and the main GI toxicity was manageable with supportive medication."

"Following the positive initial Phase 2a data, we are preparing to advance the randomized Phase 2b study of HR+, HER2-, post-CDK4/6 inhibitor breast cancer patients," said Dr. Stuart McIntosh, Chief Medical Officer of Carrick Therapeutics. "A key distinction from the Phase 2a will be the inclusion of patients with RECIST non-measurable disease in addition to those with visceral disease in the Phase 2b, in-line with the real-world population. Given the success noticed in the sub-group of patients with no mutation in the TP53 gene population, we will prospectively evaluate and stratify by mutation status as well. This success aligns with the known biological function of TP53 since its activation has been shown to sensitize cancer cells to CDK7 inhibition. Approximately 75% of breast cancer patients are TP53 wild-type, and we believe this may be an important potential biomarker for future studies."

In addition to the Phase 2a data presented today, data from the first-in-human study of samuraciclib in patients with advanced solid malignancies (abstract: 943 (230MO)) will be shared during an oral presentation at ESMO (Free ESMO Whitepaper) from 17:10 BST (12:10pm ET) on September 18, 2021. As part of the study, 44 patients were treated with escalating doses of samuraciclib monotherapy, which demonstrated evidence of antitumor activity with a manageable safety profile.

About Samuraciclib (CT7001)
Samuraciclib is the most advanced oral CDK7 inhibitor in clinical development. Inhibiting CDK7 is a promising therapeutic strategy in cancer as CDK7 regulates the transcription of cancer-causing genes, promotes uncontrolled cell cycle progression and resistance to anti-hormone therapy. Samuraciclib has demonstrated a favorable safety profile and encouraging efficacy in early clinical studies. In addition to the above study, it is currently being evaluated in triple negative breast cancer (TNBC) and prostate cancer with further potential in pancreatic, ovarian and colorectal cancers. Samuraciclib has been granted Fast Track designations from the U.S. Food and Drug Administration (FDA) for use in combination with fulvestrant for the treatment of CDK4/6i resistant HR+, HER2- advanced breast cancer and in combination with chemotherapy for the treatment of locally advanced or metastatic TNBC.

FairJourney Biologics announces THE ANTIBODY SERIES 2022

On September 16, 2021 FairJourney Biologics S.A. , leader in the discovery and optimization of antibodies, reported , after the overwhelming success of the 2021 ANTIBODY SERIES conference, planning for a larger scale 2022 ANTIBODY SERIES are underway (Press release, FairJourney Biologics, SEP 16, 2021, View Source [SID1234587884]).

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This year’s conference attracted over 800 online participants and a select group of 150 in-person attendees. Nobel Prize Laureate Sir Gregory Winter opened the inaugural event with a keynote presentation and Q&A, followed by a diverse panel of pioneers and leaders in industry and academia. THE ANTIBODY SERIES provided a platform for the exchanging of innovative ideas, approaches and solutions in the field of antibody discovery and development, and additional opportunities for panel Q&A, discussion, and networking.

Ton Logtenberg, who presented at this year’s conference has been announced as Chairman of THE ANTIBODY SERIES 2022.

Ton Logtenberg, Founder of MERUS N.V. commented: "A wonderful event combining superb presentations, excellent networking opportunities and festivities. The success of the meeting inspired the decision to organize THE ANTIBODY SERIES again in 2022. As the Chairman of that event, I invite you to join us for updates on progress in the exciting antibody field while greeting old friends and making new ones."