Philogen to attend the Connective Tissue Oncology Society (CTOS) Virtual 2021 Annual Meeting on November 10-13, 2021

On November 7, 2021 Philogen reported that it is presenting a ePoster on the results of the run-in part of the Phase II study with Fibromun plus Dacarbazine for patients with in third or later line advanced/metastatic soft tissue sarcoma (Press release, Philogen, NOV 7, 2021, View Source [SID1234594679]).

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Everest Medicines Announces Up to HK$100 million Additional Share Repurchase Program

On November 7, 2021 Everest Medicines (HKEX 1952.HK, "Everest" or the "Company"), a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Asia, reported that its board directors resolved to increase the share repurchase program by up to HK$100 million (Press release, Everest Medicines, NOV 7, 2021, View Source [SID1234594665]).

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The Company has repurchased 1,615,500 ordinary shares equivalent to approximately HK$71 million in the open market in the period from October 4, 2021 to November 5, 2021 under the HK$100 million share repurchase program announced on and effective from August 30, 2021. In addition to the HK$100m share repurchase program resolved by the board on August 30, 2021, the board further resolved to repurchase an additional up to HK$100 million of its ordinary shares from the open market from time to time on November 5, 2021.

The board believes that an additional share repurchase program in the present conditions demonstrate the Company’s confidence in its own business outlook and would, ultimately, benefit the Company and create value to the shareholders. The board also believes that the current financial resources of the Company are sufficient to implement the share repurchase while maintaining a solid financial position.

The Company will conduct any share repurchase in compliance with the memorandum and articles of association of the Company, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Codes on Takeovers and Mergers and Share Buybacks, the Companies Law of the Cayman Islands and all applicable laws and regulations to which the Company is subject to.

Innovent Publishes the Preclinical Results of IBI319 (Anti PD-1/CD137 Bispecific Antibody) in Nature Communications

On November 7, 2021 Innovent Biologics, Inc. ("Innovent") (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high quality medicines for the treatment of cancer, metabolic, autoimmune and other major diseases, reported that the preclinical result of IBI319 was published in Nature Communications (Press release, Innovent Biologics, NOV 7, 2021, View Source [SID1234594664]). The publication entitled, "Cancer immune therapy with PD-1-dependent CD137 co-stimulation provides localized tumour killing without systemic toxicity" is co-authored by Dr. Wei Xu and Dr. Xuan Wang, Vice President and Senior Manager of Innovent.

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The pre-clinical results show that IBI319 enhances the antitumor efficacy of PD-1 blockade without causing hepatotoxicity: In CT26 and MC38 tumor models, compared with PD-1 mAb or CD137 mAb, IBI319 generates synergistic antitumor efficacy by blocking PD-1 and activating CD137 simultaneously. It enhances tumor infiltration of T and NK cells in the absence of signs of hepatotoxicity.
A non-human primate GLP toxicology study suggests that IBI319 is a well-tolerated molecule with a good safety profile; however, further evaluation in clinical studies is needed.
IBI319 is a next-generation bispecific antibody targeting both PD-1 and CD137. In addition to the synergistic effect of PD-1 immune checkpoint inhibitors and CD137 agonists, IBI319 has the following two features: first, the binding of PD-1 end of IBI319 is much stronger than that of the CD137 end, leading to an enrichment of antibody molecules in PD-1-highly expressing tumor-infiltrating T/NK cells, avoiding a systemic circulation of antibodies. Secondly, the trimerization of CD137 and downstream signal activation are completely dependent on the anchoring of its PD-1 arm, thus limiting systemic exposure and reducing toxic effects. IBI319 is a novel next-generation IO drug with proven mechanism and promising tumor suppression effects.

The corresponding author, Dr. Wei Xu, Vice President of Innovent, stated, "Our pre-clinical results suggest that IBI319 enhances the activity of PD-1 blockade without causing liver toxicity. As a new generation of bispecific IO drug, IBI319 has the potential of enhancing PD-1 response rate and efficacy in various types of tumors. IBI319 is currently in Phase I development in China and we look forward to evaluating the molecule in further development."

The leading PI of the IBI319 Phase I study (CIBI319A101), Professor Yilong Wu, Tenured Professor of Guangdong Provincial People’s Hospital and Director of Guangdong Lung Cancer Research Institute, stated, "While immune checkpoint inhibitors targeting PD-1/L1 have shown efficacy in treating a variety of tumor types, we still face challenges of primary and secondary drug resistance. The development of next-generation bispecific antibodies allows us to explore possible clinical gains of dual targeting PD-1/L1 and CD137, a key co-stimulatory immune checkpoint molecule, which plays a role in maintaining immune homeostasis and enhancing anti-tumor immune memory. We are pleased to see the preclinical research results of IBI319 and look forward to evaluating at the clinical study stage."

About CD137(4-1BB, TNFRS9)

CD137 is a member of the tumor necrosis factor (TNF) receptor family. CD137 is expressed by activated T cells and plays an important role in maintaining the immune response, resisting apoptosis of immune cells, reducing clearance of antigen-specific immune cells, and enhancing immunological memory. CD137 is also expressed on activated NK cells, monocytes, dendritic cells, neutrophils, eosinophils and mast cells, etc. On activated NK cells, CD137 pathway can increase antibody-dependent cell-mediated cytotoxicity (ADCC).

CD137 has emerged as a next generation antibody drug target, yet previous decades of clinical development of CD137 agonists have been hampered by the balance of toxicity and limited efficacy. The issue of how to develop a CD137 agonistic antibody that strikes a balance between enhancing antitumor efficacy while ensuring safety needs to be addressed.

About IBI319

IBI319 was discovered through a collaboration between Innovent and Eli Lilly and Company and has been developed in China by Innovent. The IND for IBI319 has been approved by the NMPA in China, and clinical trials in China are being conducted.

About the Phase 1 Study of IBI319 (CIBI319A101)

The Phase 1a/1b study (CIBI319A101) conducted by Innovent in China will assess the efficacy and safety of IBI319 in patients with advanced malignant tumors. Phase 1a of the study will evaluate dosing escalation and Phase 1b will further explore the safety and preliminary efficacy of IBI319 in a variety of solid and hematological tumors (ClinicalTrials.gov, NCT04708210).

Philogen to Attend the Festival of Biologics Basel on November 10, 2021

On November 6, 2021 Philogen reported its attendance at the Festival of Biologics Basel on November 10, 2021 (Press release, Philogen, NOV 6, 2021, View Source [SID1234594678])

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Lisa Nadal, 3-year PhD student at Philogen, is giving a lecture entitled "A novel IL12-based immunocytokine targeting Fibroblast Activation Protein (FAP) for the treatment of cancer"

Roberto De Luca, Head of Antibody Therapeutics at Philogen, is giving a lecture entitled "Tripokin: tumor targeted delivery of IL2 potentiated by TNF"

Samuele Cazzamalli, Head of Small Molecule Therapeutics at Philogen, is giving a lecture entitled "Pan-tumoral Small Molecule-Drug Conjugates targeting Fibroblast Activation Protein in solid lesions"

Dario Neri, co-founder, CEO and CSO, is giving a lecture entitled "Antibody-cytokine fusions directed against splice variants of fibronectin for the therapy of disseminated cancer: from discovery to Phase III clinical trials"

10-Q – Quarterly report [Sections 13 or 15(d)]

bluebird bio has filed a 10-Q – Quarterly report [Sections 13 or 15(d)] with the U.S. Securities and Exchange Commission .

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