Targovax ASA – The subscription period for the rights issue expires today

On December 14, 2021 Targovax ASA’s (the "Company") stock exchange reported that published on 30 November 2021 regarding the commencement of the subscription period in the rights issue of 101,744,186 new shares in the Company (the "Offer Shares") at a subscription price of NOK 1.72 per offer share (the "Rights Issue") (Press release, Targovax, DEC 14, 2021, View Source [SID1234597052]).

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The subscription period for the Rights Issue will expire today, on 14 December 2021, at 16:30 hours (CET). Correctly completed subscription forms must be received by the managers in the Rights Issue, Carnegie AS and DNB Markets, a part of DNB Bank ASA, (the "Managers"), or, in the case of online subscriptions, be registered, within this deadline. Subscription rights that are not used to subscribe for Offer Shares within this deadline will have no value and will lapse without compensation to the holder.

HUTCHMED Highlights HMPL-523 Clinical Data Presented at the 2021 ASH Annual Meeting

On December 14, 2021 HUTCHMED (China) Limited ("HUTCHMED") (Nasdaq/AIM:HCM; HKEX:13) reported new analyses on the ongoing studies of HMPL-523 presented at the 63rd American Society for Hematology’s (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition, held virtually and in person at the Georgia World Congress Center in Atlanta, Georgia (Press release, Hutchison China MediTech, DEC 14, 2021, View Source [SID1234597051]).

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Further details of the presentations are as follows:

Title: Safety, Pharmacokinetics, and Preliminary Efficacy of HMPL-523 in Adult Patients with Primary Immune Thrombocytopenia: A Randomized, Double-Blind and Placebo-Controlled Phase Ib Study
Presenter: Renchi Yang, MD, Hematology Hospital of the Chinese Academy of Medical Sciences
Session: 311. Disorders of Platelet Number or Function: Clinical and Epidemiological: Treatment of Immune Thrombocytopenia
Abstract No.: 149895
Date & Time: Saturday, December 11, 2021 9:30am – 11am ET
Location: Georgia World Congress Center, C101 Auditorium and virtually

As of data cutoff date of September 30, 2021, a total of 34 patients were randomized to receive HMPL-523 and 11 patients to placebo. Among 16 patients who were randomized to receive the recommended phase II ("RP2D") dose of 300mg once daily, 11 patients (68.8%) experienced response as defined by at least one incident of platelet count being ≥ 50×109/L in the initial 8-week double blinded phase of the study, compared to one out of 11 patients (9.1%) randomized to receive placebo. During the subsequent 16-week open-label phase of the study, one additional patient initially randomized to receive the RP2D experienced a response. Four patients randomized to placebo crossed over to receive treatment at RP2D after the initial 8-week double blinded phase of the study; all four of these patients experienced response. In total, 16 out of 20 patients (80%) experienced response during both phases of the study. Durable response, defined as platelet count being ≥ 50×109/L in at least 4 out of 6 last scheduled visits, were reported in 8 out of 20 patients (40%) who received RP2D in both phases of the study.

Safety data were presented for all 41 patients who received treatment at all doses, regardless of whether they were initially randomized to receive active treatment or crossed over during the open-label extension phase of the study. The median duration of treatment was 142 days (range: 23-170). No patients discontinued treatment due to treatment-related adverse events ("TRAE"), and no cases of treatment-related serious adverse events ("SAE") were reported. There were 30 patients (73%) who experienced TRAEs, including 3 (7.3%) who experienced grade 3 or above TRAEs, one of whom received the RP2D. No TRAEs of grade 3 or above occurred in more than one patient.

These results supported the initiation of a Phase III registration study of HMPL-523 in adult patients with immune thrombocytopenia ("ITP"), ESLIM-01. The first patient in this study received their first dose on October 27, 2021. Additional details may be found at clinicaltrials.gov, using identifier NCT05029635.

Title: Preliminary Results from a Phase I Study of HMPL-523, a Selective, Oral Syk Inhibitor, in Patients with Relapsed or Refractory Lymphoma
Presenter: Paolo Strati, MD, The University of Texas MD Anderson Cancer Center
Session: 623. Mantle Cell, Follicular, and Other Indolent B Cell Lymphomas: Clinical and Epidemio­logical: Poster II
Abstract No.: 2432
Date & Time: Sunday, December 12, 2021 6:00pm – 8:00pm ET
Location: Georgia World Congress Center, Hall B5 and virtually

As of data cutoff date of August 25, 2021, 21 patients received a median of two cycles of treatment (range: 1-19). Among 16 response-evaluable patients, 4 responses were seen in patients in the 400-800 mg cohorts totaling 10 patients. Nine patients experienced disease progression, three in the 400-800mg cohorts and six in the 100-200mg cohorts.

Among 21 enrolled patients, 17 (81.0%) patients experienced TRAEs, including 7 (33.3%) who experienced grade 3 or above TRAEs. Specific to TRAE at grade 3 or above, neutropenia, which occurred in 2 patients, was the only TRAEs of grade 3 or above to have occurred in more than one patient. SAEs were reported in 6 patients (28.6%). Adverse events leading to discontinuation were reported in 2 (9.5%) patients. 7 patients withdrew from the study for reasons other than progressive disease.

These results support progressing HMPL-523 into the ongoing dose expansion phase of the study to evaluate its safety and efficacy in multiple subtypes of B-cell and T-cell lymphoma at the R2PD of 700 mg.

About HMPL-523
HMPL-523 is a novel, investigational, selective small molecule inhibitor for oral administration targeting spleen tyrosine kinase, also known as Syk. Syk is a major component in B-cell receptor signaling and is an established target for the treatment of multiple subtypes of B-cell lymphomas and autoimmune disorders.

HUTCHMED currently retains all rights to HMPL-523 worldwide. The ESLIM-01 Phase III trial is underway to evaluate the efficacy and safety of HMPL-523 in treating adult patients with primary ITP, an autoimmune disorder that can lead to increased risk of bleeding. Additional details may be found at clinicaltrials.gov, using identifier NCT05029635. HMPL-523 is also being studied in indolent non-Hodgkin’s lymphoma and multiple subtypes of B-cell malignancies in China (NCT02857998), the U.S. and Europe (NCT03779113). A trial to study HMPL-523 in patients with warm autoimmune hemolytic anemia (wAIHA), another autoimmune disorder, is also planned.

PharmAbcine’s next-generation bispecific antibody drug discovery project wins a New Drug Development Fund from the government

On December 13, 2021 PharmAbcine, a clinical-stage biotech company focusing on the development of fully human antibody therapeutics, reported that its next-generation bispecific antibody discovery project has been selected for a research grant by Korea Drug Development Fund (KDDF) (Press release, PharmAbcine, DEC 13, 2021, View Source;bmode=view&idx=9120925&t=board [SID1234649184]). KDDF is a South Korean government-initiated program that aims to promote the global competitiveness of local biotech companies.

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The Company will use the grant to develop a bispecific antibody that targets both PD-L1, an immune checkpoint molecule present on tumor cells, and SIRPα, an inhibitory receptor on macrophages that binds to CD47 and inhibits phagocytic action of macrophages.

The market for bispecific antibodies looks promising. According to Roots Analysis, a market research firm, the global bispecific antibody market is expected to rise to U$9 b with a CAGR (Compound Annual Growth Rate) of 34% by 2030.

Bispecific antibodies targeting PD-L1 and SIRPα/CD47 appear more exciting given the strong interests of late among global pharmaceutical companies. Notably, in August 2021, a global pharmaceutical company announced that it paid about U$2.2b to acquire an immune-oncology drug development company that possesses an anti-SIRPα antibody asset.

"Bispecific antibody development has always been one of PharmAbcine’s specialties since its foundation," said Dr. Joo Hyoung Lee, head of Antibody Engineering department. "We expect this research funding will provide a tremendous momentum in our drug development efforts which will ultimately benefit patients with unmet medical needs."

Zetagen Therapeutics Awarded $2 Million USD Grant from the National Cancer Institute (NCI) for Phase 2 Study of ZetaMet™ (Zeta-BC-003) for Treatment of Metastatic Bone Cancers

On December 13, 2021 Zetagen Therapeutics, Inc., a private, clinical-stage, biopharmaceutical company dedicated to driving breakthrough innovation in the treatment of metastatic bone cancers and osteologic interventions, reported it has received a two year, $2 million USD grant from the National Cancer Institute of the National Institutes of Health (NIH) (Press release, Zetagen Therapeutics, DEC 13, 2021, View Source [SID1234643706]). The grant will be used for the Phase 2 clinical and commercial development of its ZetaMet (Zeta-BC-003) technology. ZetaMet (Zeta-BC-003) is a synthetic, small-molecule, inductive biologic technology being developed to target and resolve metastatic bone lesions while inhibiting future tumor growth and regenerating bone..

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"This support from the NCI marks a key milestone and will facilitate the continued development of ZetaMet (Zeta-BC-003) for the use in treating metastasis in bone," said Bryan S. Margulies, PhD,chief scientific officer of Zetagen Therapeutics. "Preclinical trials have successfully demonstrated ZetaMet (Zeta-BC-003)’s ability to resolve existing metastatic bone lesions, inhibit pain and stimulate targeted bone regeneration. If these results hold true in the next phase of study, ZetaMet (Zeta-BC-003) could offer an entirely new treatment for patients living with certain late-stage cancers where present therapies do not offer desired results."

ZetaMet (Zeta-BC-003) works through a mechanism of action (MOA) which is a novel and patented molecular pathway. The small molecule, precisely-dosed, delivered to the affected area through a proprietary drug-eluting carrier, stimulates stem cells, activating cells to grow healthy bone known as "osteoblasts", and inhibits cells associated with bone degradation called "osteoclasts".

Bone metastases are common among cancer patients and occur when cells from the primary cancerous tumor relocate to the bone. When these cancers relocate, they can cause changes to the bone, damaging it in a process called osteolysis. Osteolysis can cause small holes within the bone, weakening it and increasing the risk of breakage. These holes are called "lytic lesions." Among cancers which metastasize to bone, Breast and Prostate are most prevalent, amounting to approximately 70-percent of cases.[1]

"We know there are hundreds of thousands of patients living with late-stage cancers which involve painful, debilitating metastatic bone lesions," said Joe C. Loy, CEO of Zetagen Therapeutics. "This recognition from the NCI further reinforces our commitment to developing breakthrough therapies that will make a tangible difference in quality of life as they battle these devastating diseases."

Earlier this year, ZetaMet (Zeta-BC-003) received Breakthrough Device designation from the Centers for Devices and Radiological Health (CDRH) of the U.S. Food and Drug Administration (FDA). The first human clinical trial using ZetaMet (Zeta-BC-003) in Stage 4 breast cancer patients is being targeted for early 2022.

Arovella Licenses the Rights to a Novel Monoclonal Antibody Targeting a DKK1 Peptide

On December 13, 2021 Arovella Therapeutics, (ASX: ALA), a biotechnology company focused on developing its invariant Natural Killer T (iNKT) cell therapy platform, reported that it has signed a global, exclusive licence agreement with The University of Texas MD Anderson Cancer Center for the patent rights to a novel mAb developed for cancer treatment (Press release, Arovella Therapeutics, DEC 13, 2021, View Source [SID1234629025]).

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This is the first monoclonal antibody directed against a DKK1 peptide found in complex with HLA-A2 on the surface of cancer cells (DKK1). DKK1 is a target that is found in many cancer types, including blood cancers and solid tumours and 40-50% of the population is HLA-A2 positive, meaning that this technology may be applicable across a wide spectrum of cancers that affect a significant proportion of the population.

Higher levels of DKK1 in cancer patients may serve as a prognostic biomarker for cancers such as Multiple Myeloma, Head and Neck Squamous Cell Carcinoma (HNSCC), Pancreatic Adenocarcinoma (PAAD), and Lung Squamous Cell Carcinoma (LUSC). Higher DKK1 production has been observed in bladder cancer and increased production of DKK1 may assist Non-small Cell Lung Carcinoma (NSCLC) cell invasion and migration. It has also been suggested that increased DKK1 levels may cause resistance to chemotherapy in cancers such as ovarian cancer.

Arovella’s CEO and MD, Dr Michael Baker, commented: "The data that we have seen for the DKK1- CAR is compelling. We see a lot of promise in combining DKK1-CAR with our iNKT cell therapy platform and expect synergistic effects for the treatment of certain cancers. The next steps are to confirm the specificity, safety and proof-of-concept data in animal models before advancing this into manufacturing."

Numerous studies have shown that multiple myeloma cells overproduce DKK1. It is also documented that multiple myeloma cells produce CD1d, which is recognised by invariant Natural Killer T (iNKT) cells, the core of Arovella’s iNKT cell therapy platform. Arovella expects that by combing the DKK1- CAR with its iNKT cell therapy platform, it will lead to a more effective product to treat multiple myeloma and potentially other cancers. To date, the DKK1 mAb has shown promise in treating multiple myeloma when used as a single agent in mouse models. The DKK1-CAR-T successfully eliminates cancer in numerous cancer models, including multiple myeloma, pancreatic cancer, lung cancer and triple negative breast cancer.

More than a decade of work has gone into the production and testing of the DKK1 mAb. Professor Qing Yi, now at Houston Methodist, developed the technology during his time at MD Anderson as a tenured Professor of Medicine. At Houston Methodist, Professor Yi has continued the research, assessing the potential of the DKK1-CAR. Professor Yi was recruited to Houston Methodist in 2018 through a US$6m Cancer Prevention and Research Institute of Texas (CPRIT) award.

Professor Yi commented: "We have been working on the role of DKK1 for more than a decade. To target a range of cancers, we knew we needed to target something unique on the surface of different cancer types. That is why we generated the DKK1-peptide targeting mAb and CAR, because the DKK1 peptide in complex with HLA-A2 is found on many cancers and as expected, we see robust data treating several cancer types."

Key terms of the Licence Agreement

Under the terms of the licence agreement, Arovella has secured the right to use the technology for the treatment of human disease, for which it has agreed to pay MD Anderson license fees, development milestones and single digit royalty payments based on net sales. Upfront fees associated with the license agreement will be funded entirely from existing cash reserves. The licence agreement commences with an effective date of 13 December 2021 and extends to the later of the expiration of applicable patent rights or agreed upon number of years.

Arovella’s role in the oncology market

The Licence Agreement involving the DKK1 mAb adds substantially to Arovella’s existing exposure to the immuno-oncology market. The Company acquired the licence for a novel iNKT cell therapy platform in June 2021 and is developing a CD19 targeting CAR to treat haematological malignancies.

Since acquiring the licence to the iNKT cell therapy platform, Arovella has added new members to its Board of Directors, its Scientific Advisory Board and its management team. Arovella believes that acquiring the licence to another CAR adds substantial value to its iNKT cell therapy platform.