South Korea’s Pharmcadd bags $16M in series B financing, plans 2022 IPO

On April 26, 2021 Pharmcadd Co. Ltd., a developer of an artificial intelligence (AI) and physics-based drug discovery platform, bagged ₩17.3 billion (US$15.5 million) in its series B funding (Press release, PharmCADD, APR 26, 2021, View Source [SID1234644208]). This brings the total funds raised since its establishment to $22 million.

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Biocon Biologics and Viatris Receive European Commission Approval for Biosimilar Bevacizumab

On April 26, 2021 Biocon Biologics Ltd., a subsidiary of Biocon Ltd. (BSE code: 532523, NSE: BIOCON), reported that Abevmy 100 & 400 mg, a biosimilar of Bevacizumab co-developed with Viatris Inc. (NASDAQ: VTRS) has received marketing authorization approval from the European Commission following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (Press release, Biocon, APR 26, 2021, View Source [SID1234594756]).

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Abevmy 100 & 400 mg, a biosimilar Bevacizumab, is approved for the treatment in metastatic colorectal carcinoma, metastatic breast cancer, non-small-cell lung carcinoma, glioblastoma, ovarian, cervical and renal cancer as part of a specific regimen.

The centralized marketing authorization granted by the EC is valid in all EU Member States as well as in the European Economic Area (EEA) countries Iceland, Liechtenstein and Norway.

"The European Commission’s approval of our biosimilar Bevacizumab will enable us to offer this biologic therapy to cancer patients in the EU along with our partner Viatris. The addition of biosimilar Bevacizumab will strengthen our portfolio of biosimilars for cancer in the EU, which include biosimilar Trastuzumab and biosimilar Pegfilgrastim. This approval is an outcome of a great team effort and years of hard work and underlines our commitment to expand affordable access to life-saving biosimilars and make an enduring impact on global health."

Rubius Therapeutics to Announce First Quarter 2021 Financial Results

On April 26, 2021 Rubius Therapeutics, Inc. (Nasdaq: RUBY), a clinical-stage biopharmaceutical company that is genetically engineering red blood cells to create an entirely new class of cellular medicines called Red Cell Therapeutics for the treatment of cancer and autoimmune diseases, reported plans to report first quarter financial results on Monday, May 10, 2021, before market open (Press release, Rubius Therapeutics, APR 26, 2021, View Source [SID1234584704]).

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The company will not be hosting a teleconference in conjunction with its financial results press release.

Applied Cells Inc. Enters Collaborative Research Agreement for the Development of Rare Cell Isolation in Minimum Residual Disease

On April 26, 2021 Applied Cells, a commercial provider of cell preparation and isolation solutions for tumor biology research, reported that it will further its research collaboration on rare cell isolation of breast cancer disseminated tumor cells in bone marrow with the Perelman School of Medicine at the University of Pennsylvania (Penn)(Press release, Applied Cells, APR 26, 2021, View Source;utm_medium=rss&utm_campaign=applied-cells-inc-enters-collaborative-research-agreement-for-the-development-of-rare-cell-isolation-in-minimum-residual-disease [SID1234584031]). Applied Cells MARS technologies will be used in a multi-center trial as part of the 2-PREVENT (Secondary PREvention through SurVEillance and iNTervention) Translational Center of Excellence to evaluate their potential role in the detection of breast cancer minimum residual disease.

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Penn’s 2-PREVENT program focuses on the collaboration of clinical and basic science researchers with the goal of improving the surveillance, prevention, and treatment of recurrent breast cancer. Applied Cells MARS technologies will be evaluated in clinical trials to determine whether they will successfully pre-enrich extremely low frequency cancer cells in bone marrow samples that might result in high recovery. Applied Cells MARS workflow reduces human factors and ensures standardized operation, which are required for the trial.

"I am glad our MARS technologies will have the opportunity to be tested for ability to provide simplicity and desired performance," said Dr. Yuchen Zhou, CEO of Applied Cells. "We are very excited to further our collaboration with Penn Medicine to utilize MARS to investigate whether this technology can advance the detection of rare cancer cells in a multi-center breast cancer trial."

"If successful, it will allow us to refine and extend our efforts to detect ultra-rare disseminated tumor cells in breast cancer patients with early stage disease," said Dr. Lewis Chodosh, Chairman of the Department of Cancer Biology in the Perelman School of Medicine at the University of Pennsylvania. "We believe this approach has the potential to markedly improve the sensitivity with which this critical reservoir of cancer cells can be detected and characterized in patients – which will need to be confirmed in clinical trials.

STORM Therapeutics publishes data in Nature showing its first-in-class inhibitor of METTL3 is effective as a new therapeutic strategy against AML

On April 26, 2021 STORM Therapeutics, the biotechnology company focused on the discovery of small molecule therapies modulating RNA epigenetics, reported that it has published a scientific paper in the internationally recognised scientific journal Nature (Press release, STORM Therapeutics, APR 26, 2021, View Source [SID1234583250]).

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The paper entitled ‘Small molecule inhibition of METTL3 as a strategy against myeloid leukaemia’ reveals findings that further establish and validate STORM’s ground-breaking work on targeting RNA modifying enzymes for the development of new anti-cancer therapeutics and describes recent progress made with the METTL3 inhibitor programme.

STORM has identified novel, potent and selective first-in-class inhibitors of METTL3 that are orally bioavailable and show pronounced anti-tumour efficacy in physiologically relevant, proof of concept animal models of Acute Myeloid Leukaemia (AML), as well as solid tumours. The paper demonstrates that METTL3 small molecule inhibition is effective as a new therapeutic strategy against AML, prolonging survival in a variety of AML models, by specifically targeting key stem cell subpopulations of AML. Additionally, it confirms anti-tumour activity against different AML driver mutations demonstrating that targeting METTL3 is not limited by specific mutations (in contrast to other approaches such as FLT3 or IDH inhibition) and so may have a broad range of patients who might respond to this therapy.

Professor Tony Kouzarides, Founder of STORM Therapeutics and Director of the Milner Therapeutics Institute, University of Cambridge, said: "At STORM we are proud to be leading the field in development of drugs targeting RNA epigenetics and are making rapid progress. This paper has provided comprehensive proof of concept that targeting RNA modifying enzymes represents a promising new avenue for anti-cancer therapy and confirms the findings in our 2017 Nature paper made using genetic approaches."

In October 2020, STORM announced that STC-15, its first-in-class drug candidate targeting METTL3, had been selected for development towards first in human clinical studies in 2022. STC-15 is an orally bioavailable, small molecule METTL3 inhibitor targeting an entirely new mechanism of action (modulation of RNA epigenetics) to treat AML and other solid and haematological cancers. This publication utilises STM2457, an earlier compound than STC-15.

Keith Blundy, CEO of STORM Therapeutics, said: "I am delighted to see the publication of our ground-breaking research on STM2457 in a world leading journal. We are excited to be leading the field having selected STC-15, STORM’s first-in-class clinical candidate targeting METTL3 for development towards first in human clinical studies in 2022, addressing AML patients refractory to chemotherapy treatment with limited other options in addition to exploring combinations with standard of care."

STORM’s work was carried out in collaboration with the University of Cambridge (Gurdon and Milner Institutes) and Wellcome Sanger Institute, and was supported by grants from Cancer Research UK.