Sumgen Announces FDA Clearance of IND Application for SG2501, First-in-class CD47/CD38 Bispecific Antibody

On November 22, 2021 Sumgen Biotech recently announced that the world’s first anti-CD38/CD47 bispecific antibody SG2501 developed by Sumgen has been approved by FDA for clinical study (Press release, Sumgen Biotech, NOV 22, 2021, View Source;a=nav&id=246 [SID1234625262]).

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About 2501 bispecific antibody

SG2501 is the world’s first anti-CD38/CD47 bispecific antibody developed based on Sumgen BIMA bispecific antibody platform. It can specifically bind CD38/CD47 molecules at the same time, mediate antibody-dependent cell-mediated cytotoxicity (ADCC), antibody-dependent cell phagocytosis (ADCP), inhibit CD38 cyclase activity, and exert synergistic anti-tumor effect. Preclinical studies show that SG2501 has clear anti-tumor effect and controllable safety. The clinical approval of SG2501 by FDA is an important milestone in the gradual internationalization of the company. The clinical preparations for this project in the United States are progressing steadily, and clinical enrollment will be started in the near future.

BIMA platform is a macrophage-associated bispecific antibody platform developed by the company. In the early stage, based on computer-aided design and mammalian cell display technology, the company screened and obtained a series of SIRPa mutants with different biological activities, which can meet the requirements of bispecific antibody development involving various tumor-related antigens and optimize the activity of bispecific antibodies. As an important part of the company’s dual-target antibody development platform, based on BIMA platform, the company has laid out a number of "1+1 > 2" bispecific antibody projects, of which 2 have been approved for clinical study, and many projects are in the preclinical research stage.

CD38 target

CD38 is a single-stranded transmembrane type II glycoprotein, which is normally expressed in plasma cells, natural killer cells, monocytes and other immune cells. CD38 is highly expressed in multiple myeloma, lymphoma, leukemia and other malignant hematological tumors. Monoclonal antibodies targeting CD38 have been clinically verified and approved for marketing in the treatment of multiple myeloma and other diseases.

CD47 target

CD47/SIRP α is one of the most important targets in the field of tumor immunity in the post PD-1/PD-L1 era. Blocking CD47/SIRP α signaling pathway with specific antibodies and other drugs can relieve immunosuppression, restore phagocytic activity of macrophages to tumor cells, relieve "don’t eat me" signal, and exert strong tumor immunotherapy effect. More than 30 drugs have been developed in clinical stage for CD47-SIRP α pathway in the world, and positive progress has been made in combination with various tumor treatment strategies.

Cue Biopharma to Present at the Piper Sandler 33rd Annual Healthcare Conference

On November 22, 2021 Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceutical company engineering a novel class of injectable biologics designed to selectively engage and modulate targeted T cells within the patient’s body, reported that it participated in a pre-recorded fireside chat as part of the Piper Sandler 33rd Annual Virtual Healthcare Conference, being held on November 29-December 2, 2021 (Press release, Cue Biopharma, NOV 22, 2021, View Source [SID1234608266]).

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The pre-recorded presentation will be available to participants during the conference and on the Events page of the Investor & Media section of the Company’s website www.cuebiopharma.com beginning today, November 22, 2021 at 10:00 a.m. EST. An archived version of the recording will be accessible for 90 days following the event.

Inspirna to Present at the Piper Sandler 33rd Annual Virtual Healthcare Conference

On November 22, 2021 Inspirna, Inc., a clinical stage biopharmaceutical company developing first-in-class small molecule and biologic cancer therapeutics, reported that CEO Masoud Tavazoie, M.D., Ph.D., will present at the Piper Sandler 33rd Annual Virtual Healthcare Conference at 10:00 A.M. EST on November 22, 2021 (Press release, Inspirna, NOV 22, 2021, View Source [SID1234596758]).

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A pre-recorded webcast of the presentation will be available at the time of the presentation and will be available on Inspirna’s website within the News section.

Portage Biotech to Present at the Piper Sandler 33rd Annual Healthcare Conference

On November 22, 2021 Portage Biotech Inc. (NASDAQ: PRTG) ("Portage" or the "Company"), a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, reported that Chief Executive Officer, Dr. Ian Walters, will participate in the Piper Sandler 33rd Annual Virtual Healthcare Conference being held on November 29-December 2, 2021 (Press release, Portage Biotech, NOV 22, 2021, View Source [SID1234595957]). Dr. Walters will give an overview of Portage’s pipeline and status of current programs, including the company’s lead invariant natural killer T cell (iNKT) agonists, PORT-2 and PORT-3.

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The pre-recorded presentation is available now through the following link (here) as well as on the Investor section of the company’s website at View Source Management will also be hosting 1×1 meetings on November 30 and December 1.

Fresenius Helios acquires oncological center and ophthalmic clinic in Colombia

On November 22, 2021 Quirónsalud, the largest private hospital group in Spain and part of Fresenius Helios, reported that it has signed agreements to acquire Centro Oncológico de Antioquia (COA) and Clínica Clofán, further expanding the company’s presence in Colombia (Press release, Fresenius, NOV 22, 2021, View Source [SID1234595954]). The clinics, located in Colombia’s second largest city Medellín, will become part of Quirónsalud’s existing healthcare network in the country, which already comprises six hospitals and ten diagnostic centers.

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COA is specialized in the diagnosis and treatment of cancer. It has 75 beds, four operating rooms, and specialized centers for nuclear medicine, radiotherapy and bone marrow transplants. Clínica Clofán is the second largest ophthalmic center in the city, with ten operating rooms and further dedicated facilities for treating even severe ophthalmic diseases and performing complex procedures.

Both clinics offer state-of-the-art medical standards and technology to their patients and are regarded as leading medical facilities with highly renowned physicians. Together they generate sales of around €30 million.

The acquisition is another important step in strengthening Fresenius Helios’ presence in the growing and consolidating healthcare services markets in Latin America.

The transaction is expected to close in the first quarter of 2022, pending anti-trust clearance of the Colombian authorities. Fresenius Helios expects the acquisition to be accretive to Fresenius’ Group net income already in fiscal year 2022.