Medicare Insurance Coverage for Breast Cancer Index™ Test Expanded to Include Node-Positive Breast Cancer

On May 10, 2021 Hologic, Inc. (Nasdaq: HOLX) reported that its subsidiary, Biotheranostics, Inc., has received broader Medicare coverage for its Breast Cancer Index test under an expanded Medicare Local Coverage Determination (LCD: L37822) effective today (Press release, Hologic, MAY 10, 2021, View Source [SID1234579617]).

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Under the new criteria, the Breast Cancer Index test is now covered for post-menopausal women diagnosed with early-stage node-positive (one to three axillary lymph nodes), non-relapsed, estrogen receptor (ER) and/or progesterone receptor (PR) positive, HER2 negative breast cancer to help physicians manage treatment of the patient. Previously, Medicare covered the test only for patients with node-negative, non-relapsed, ER and/or PR positive, HER2 negative breast cancer. Therefore, the expanded coverage increases the availability of Breast Cancer Index testing with no cost to Medicare beneficiaries who meet the LCD criteria.

"Expansion of Medicare coverage for the Breast Cancer Index test and its recent inclusion in National Comprehensive Cancer Network guidelines are major milestones toward making the test standard of care for all early-stage, HR+ breast cancer patients," said Kevin Thornal, division president, Diagnostic Solutions at Hologic.

For hormone receptor positive (HR+) post-menopausal breast cancer patients on extended endocrine therapy, the side effects and toxicities of treatment often have significant negative effects on health and quality of life, such as osteoporosis, bone fractures and joint pain. As a result, knowing when extended endocrine therapy will benefit a patient is as important as avoiding it when it will not make a difference. The Breast Cancer Index test can help personalize extended endocrine treatment for all HR+ early-stage patients.

The ratio of breast cancers diagnosed as node-negative or node-positive varies year to year, but according to data published by the National Cancer Institute1 in 2021, approximately 85% of early-stage, HR+ breast cancers were node-negative and 15% were node-positive that year. This means that approximately 25,000 more women every year will be eligible for testing with Breast Cancer Index based on the expanded coverage.

About Breast Cancer Index

Breast Cancer Index is a molecular, gene expression-based test uniquely positioned to provide information to help physicians individualize treatment decisions for patients with early-stage, HR+ breast cancer. This breakthrough test helps oncologists and patients navigate the difficult trade-offs between taking steps to prevent recurrence of their disease and facing significant side effects and safety challenges related to unnecessary treatment. Breast Cancer Index has guideline designation from the American Joint Committee on Cancer for cancer staging based on molecular profile. ASCO (Free ASCO Whitepaper), NCCN, the European Group on Tumor Markers (EGTM) and St. Gallen acknowledge Breast Cancer Index as a biomarker to inform the chemotherapy decision; ASCO (Free ASCO Whitepaper), NCCN and EGTM to inform the extended endocrine treatment decision. It is the only validated, commercially available test that predicts benefit from extended endocrine therapy. Breast Cancer Index is intended for routine clinical use, and treatment decisions based on results are the responsibility of the physician. It is a laboratory developed test (LDT) performed in a CLIA-certified and CAP-accredited diagnostic laboratory and is not required to be cleared or approved by the US Food and Drug administration. For more information, visit www.breastcancerindex.com.

NOXXON Announces Data Safety Monitoring Board Validates NOX-A12 Highest Dose in Phase 1/2 Brain Cancer Trial

On May 10, 2021 NOXXON Pharma N.V. (Paris:ALNOX) (Euronext Growth Paris: ALNOX), a biotechnology company focused on improving cancer treatments by targeting the tumor microenvironment (TME), reported that an independent Data Safety Monitoring Board (DSMB) has confirmed that the highest dose of NOX-A12 in combination with radiotherapy in the ongoing Phase 1/2 study in patients with brain cancer is safe and that the trial should continue as planned.

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The study investigates three dose regimens of NOX-A12 (200, 400 and 600 mg/week), each combined with external-beam radiotherapy in newly diagnosed brain cancer patients. The DSMB recommendation to proceed followed the analysis of safety data stipulated in the study protocol after all three patients in the third – and last – cohort completed at least four weeks of treatment at the highest dose.

"We are pleased that the DSMB analysis has concluded that the highest dose of NOX-A12 in this Phase 1/2 study in brain cancer patients is safe. We look forward to continuing to investigate this exciting potential treatment and continue to expect top-line data for Cohort 2 end-May and Cohort 3 in November 2021," commented Aram Mangasarian, CEO of NOXXON.

Ultimovacs to Discuss ASCO UV1 Phase I Data in Webcast and Investor Meetings

On May 10, 2021 Ultimovacs ASA ("Ultimovacs") (OSE ULTI), a clinical stage leader in immune stimulatory vaccines for cancer, reported that its management team will discuss data from the abstract of a poster presentation at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) 2021 Annual Meeting at a series of investor events in May, beginning with a live corporate webcast on Thursday May 20, 2021 (Press release, Ultimovacs, MAY 10, 2021, View Source [SID1234579614]).

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The abstract is titled "A Phase I Clinical Trial Investigating the Telomerase Vaccine UV1 in Combination with Pembrolizumab in Patients with Advanced Melanoma". It provides an overview of the open-label, single-arm study investigating the safety and tolerability for the combination of Ultimovacs’ universal cancer vaccine, UV1, with the checkpoint inhibitor pembrolizumab in patients with metastatic malignant melanoma.

The ASCO (Free ASCO Whitepaper) abstract will be made available on the company website on Wednesday, May 19th at 23:00 CEST and will be presented at the ASCO (Free ASCO Whitepaper) 2021 Annual Meeting to be held virtually Friday, June 4, 2021 through Tuesday, June 8, 2021. The full poster presentation from the ASCO (Free ASCO Whitepaper) Annual Meeting will be available on the Ultimovacs website on 4 June 2021.

Details of the investor events:

Event: Live Corporate Webcast
Date/Time: Thursday May 20, 10:00 CEST
Presenter: Carlos de Sousa, CEO. The webcast will be available on the company website, and it will be possible to post questions during the presentation through the webcast.
Webcast Link

Event: Radforsk’s Podcast RADIUM
Date/Time: Thursday May 20, 14:00 CEST
Presenter: Carlos de Sousa, CEO; Jens Bjørheim, CMO. The podcast will be available on the company website.
Podcast Link

Event: 7th Annual Immuno-Oncology Innovation Forum, SACHS associates (18-20th May, 2021)
Date/Time: Thursday May 20, 19:25 CEST
Presenter: Carlos de Sousa, CEO
Meeting link

Event: ABG Sundal Collier Life Science Summit 2021 (held virtually)
Date/Time: Tuesday May 25, 16:00 CEST
Presenter: Carlos de Sousa, CEO

Event: Biostock Life Science Spring Summit (held virtually)
Date/Time: May 26-27
Presenter: Carlos de Sousa, CEO
Meeting link

TYME Announces Abstract Selected for Publication at the 2021 American Society of Clinical Oncology Annual Meeting

On May 10, 2021 TYME Technologies, Inc. (Nasdaq: TYME) (the "Company" or "Tyme"), an emerging biotechnology company developing cancer metabolism-based therapies (CMBTs), reported that its abstract featuring data from the Company’s investigational therapy, SM-88, has been selected for publication at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting being held virtually June 4-8, 2021 (Press release, TYME, MAY 10, 2021, View Source [SID1234579613]).

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Details about the abstract selected for publication can be found below:

Title: Phase II Study of SM-88 in Ewing’s and Other Sarcomas
Abstract Number: e23505
Authors: Giuseppe Del Priore, MD, MPH, Victoria S. Chua, Kitty Zheng, Ted Kim, Semmie Kim, Sant P. Chawla, MD
Session: Publication Only – Sarcoma

The Publication Only abstracts are under embargo until 5:00 p.m. ET on May 19, 2021. For more information about the Annual Meeting, please visit: asco.org.

About SM-88

SM-88 is an oral investigational modified proprietary tyrosine derivative that is believed to interrupt the metabolic processes of cancer cells by breaking down the cells’ key defenses and leading to cell death through oxidative stress and exposure to the body’s natural immune system. Clinical trial data have shown that SM-88 has demonstrated encouraging tumor responses across 15 different cancers, including pancreatic, lung, breast, prostate and sarcoma cancers with minimal serious grade 3 or higher adverse events. SM-88 is an investigational therapy that is not approved for any indication in any disease.

LianBio Appoints Yizhe Wang, Ph.D., as Chief Executive Officer

On May 10, 2021 LianBio, a biotechnology company dedicated to bringing paradigm-shifting medicines to patients in China and other major Asian markets, reported Yizhe Wang, Ph.D., has been named Chief Executive Officer and appointed to the Board of Directors, effective May 17, 2021 (Press release, LianBio, MAY 10, 2021, View Source [SID1234579611]).

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"Yizhe is a strategic leader with decades of experience developing, launching and managing the product lifecycle of transformative drugs in China, the U.S. and Europe," said Konstantin Poukalov, Managing Director, Perceptive Advisors and Executive Chairman, LianBio. "With his proven leadership guiding late-stage assets to market in China, LianBio is well positioned for our next phase of growth as we continue to advance our pipeline and partner with leading global biopharmaceutical companies to expand their reach into China and other Asian markets."

Throughout Dr. Wang’s career as a pharmaceutical executive in China and the United States, he has built and overseen high-growth business units and played a key role in the development, approval and commercialization of more than 25 innovative medicines. With past experience spanning commercial, R&D and strategic leadership roles at Eli Lilly and GlaxoSmithKline (GSK), he brings to LianBio expertise in accelerating drug development and executing commercial launches.

"I am honored to join LianBio to scale the company’s next-generation approach to sourcing, developing and commercializing innovative drugs in the region," said Dr. Wang. "As LianBio continues to advance a portfolio of world class programs across therapeutic areas, I look forward to partnering with the founding team to address the medical needs of patients in China and throughout Asia."

Dr. Wang joins LianBio from Eli Lilly, where he most recently served as Global Brand Development Leader, Lilly Oncology. In 2020, Dr. Wang served as Global Platform Lead for anti-COVID Therapy, Lilly Research Lab, where he led a new operating model integrating discovery, development and launch resulting in the EUA of bamlanivimab. Previously, Dr. Wang was SVP, Head of BioMedicines and Oncology Businesses, Lilly China, where he was a member of the Global Oncology and Biomedicines Business Unit lead teams, and China Executive Committee. In this role, he oversaw a 1,000-person organization, delivered double digit sales growth and launched multiple new products, including Tyvyt, Elunate, Taltz and Olumiant. Prior to Eli Lilly, Dr. Wang was at GSK for 15 years where he held product and commercial strategy roles of increasing responsibility in the U.S. (2003-2012), U.K. (2012-2014) and China (2014-2018), ultimately serving as Head of GSK China Pharmaceuticals’ Respiratory Business Unit. Earlier in his career, he was a researcher at Bristol Myers Squibb.

Dr. Wang received a doctorate in organic chemistry from Yale University. He also earned a master’s degree in business administration from the Wharton School at the University of Pennsylvania and a bachelor’s degree in chemistry from Ramapo College of New Jersey.