Calliditas announces clinical development plan for setanaxib and comments on data from Part A of NefIgArd study at today´s R&D Day

On January 20, 2021 Calliditas Therapeutics AB (publ) ("Calliditas") (Nasdaq OMX – CALTX; NASDAQ – CALT) reported it will provide information on the near-term clinical development plans for setanaxib in primary biliary cholangitis (PBC) and oncology (Press release, Calliditas Therapeutics, JAN 20, 2021, View Source [SID1234576683]). It will also present additional data from the Part A of the NefIgArd Phase 3 study, which recently reported positive data.

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In Q4 of 2020 Calliditas acquired a controlling stake in Genkyotex, which has been developing a first in class platform for NOX inhibition and where the lead compound, setanaxib has been tested in various fibrosis related indications. Following the positive results from the Phase 1 study in January of 2021, which evaluated higher doses of setanaxib in healthy volunteers, Calliditas is planning to initiate a pivotal Phase 2/3 study in PBC, starting in 2H 2021, with final design and protocol details subject to feedback from the US Food and Drug Administration (FDA). In addition, Calliditas plans to initiate a Phase 2 proof-of-concept study in head and neck cancer this year which will study administration of setanaxib in conjunction with immunotherapy targeting CAFs (cancer associated fibroblasts).

Calliditas will also provide select data from the recently concluded Part A of the Phase 3 study NefIgArd with the lead candidate drug Nefecon, for the treatment of IgA Nephropathy. The data to be presented include overall baseline characteristics, rate of discontinuation of study treatment (9.5%) and rate of discontinuation from the study (3.5%). It is also confirmed that no adverse clinical effects were seen with regards to weight gain, blood pressure or HbA1c, reflecting a safety profile in keeping with the Phase 2b trial.

In addition, presentations on the regulatory submission process, market access and commercial preparations in the US will be included.

The R&D Day will take place between 1pm and 5pm CET today and will be webcast live and accessible at: View Source

INOVIO Announces Proposed Public Offering of Common Stock

On January 20, 2021 INOVIO Pharmaceuticals, Inc. (Nasdaq: INO), a biotechnology company focused on bringing to market precisely designed DNA medicines to treat and protect people from infectious diseases, including COVID-19, cancer and HPV-associated diseases, reported that it has commenced an underwritten public offering of $150 million of shares of its common stock (Press release, Inovio, JAN 20, 2021, View Source [SID1234574987]). All of the shares are being offered by INOVIO. In addition, INOVIO intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the number of shares of common stock sold in connection with the offering.

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INOVIO intends to use the net proceeds from this offering for the development of its clinical pipeline, including clinical development expenses relating to INO-4800 and research and development expenses, and for general corporate purposes, including working capital and general and administrative expenses.

BofA Securities, Jefferies and Cantor are acting as joint book-running managers for the offering. Oppenheimer & Co. is acting as lead manager for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The shares are being offered by INOVIO pursuant to a shelf registration statement filed by INOVIO with the Securities and Exchange Commission (SEC) that became automatically effective on January 20, 2021. This offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement relating to and describing the terms of the offering has been filed with the SEC and may be obtained for free by visiting the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained by contacting: BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255, or by email at [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by e-mail at [email protected]; or Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 6th floor, New York, NY 10022; Email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Kura Oncology’s Small Molecules Hint at Major Therapeutic Breakthroughs

On January 20, 2021 Kura Oncology reported that treatment of cancer in the next few years with its two, wholly-owned, small molecule compounds (Press release, Kura Oncology, JAN 20, 2021, View Source [SID1234574232]).

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One, KO-539, is a menin inhibitor with the potential to target 35% or more of acute myeloid leukemia (AML) patients with a new mechanism of action.

"It’s in the spotlight, the data is stunning, and it has a lot of promise," Troy Wilson, Ph.D., J.D., CEO, told BioSpace. It is generating a lot of interest both among investors and potential partners, and "is a highlight for the company."

KO-539 is an oral, reversible inhibitor of the menin-KMT2A protein-protein interaction. It inhibits the HOXA9/MEIS1 pathway, which appears to be a master switch for AML progression.

By targeting epigenetic dysregulation, KO-539 removes a critical block on leukemia cell differentiation.

"It allows leukemic blasts to differentiate into mature cells and ultimately die off, leaving the patient with clinical benefits that in some cases include complete remissions," Wilson explained during the recent J.P. Morgan Healthcare Conference.

Animals showed complete, durable remissions in multiple models of AML. Now, a Phase I/IIa dose escalation study is underway in patients with relapsed and/or refractory AML. Early results show encouraging safety and tolerability as well as efficacy data, including complete remissions.

"Once the dose is established, we will move to Phase II to determine safety, tolerability and anti-tumor activity," Wilson said.

So far, one patient in the trial experienced a complete remission at a 100 mg dosage, and another patient at the 200 mg dosage, even after failing seven previous therapies. The 600 mg dosage is being evaluated now, and Wilson expects to advance to Phase II by the end of this quarter.

Kura Oncology’s other, more advanced, program focuses on tipifarnib, a drug that originally was developed by Janssen, and which has shown impressive clinical benefits as a monotherapy in patients with HRAS mutant head and neck squamous cell carcinoma (HCSCC). Tipifarnib has FDA Fast Track designation and has the potential, Wilson said, to be the first small molecule targeted therapy approved for treatment of HNSCC (the seventh most common form of cancer in the world).

Tipifarnib is a farnesyltransferase inhibitor (FTI).

"FTIs were actively pursued 20 years ago by half a dozen pharmaceutical companies," Wilson said, "but at that time those companies didn’t have the understanding or the tools we have today."

"At Kura, we’re continuing to crack the code on tipifarnib and on FTIs in general," Wilson added. "We have a lot of intriguing data. We were the first to show that in HNSCC, you could drive meaningful benefit with tipifarnib if you knew which patients to approach. So, people are starting to take a fresh look."

As with any innovative therapy, "It takes multiple iterations and time to get things right," he pointed out.

"We are targeting a unique mechanism of action – the addition of a hydrophobic side chain to proteins that allow them to anchor to the cell membrane and disrupt post-translational modification, thus preventing HRAS from associating with the cell membrane," Wilson elaborated during J.P. Morgan week.

As a monotherapy, Phase II data with tipifarnib demonstrated an approximate 50% overall response rate with a six-month median progression-free survival and 15-month overall median survival in advanced recurrent and metastatic HRAS mutant HNSCC patients. Both progression-free survival and overall survival durations were approximately two to three times that of standard second-line therapies.

"This underscored the potential of tipifarnib to drive therapeutic benefit," Wilson said.

Although that Phase II trial is closed to enrollment, a new trial is now enrolling patients with a goal to generate data to support FDA approval for tipifarnib. That trial, termed AIM-HN, was amended last year to allow enrollment of all HRAS mutant HNSCC patients, regardless of the frequency of their variant alleles.

In addition to HRAS-dependent HNSCC, tipifarnib also shows activity against PI3Kα-dependent HNSCC. In preclinical studies involving four standard therapies and tipifarnib, in each case, the combination therapy of both drugs together showed significantly improved tumor regression relative to either drug candidate as a monotherapy.

"The data for the combination of tipifarnib plus a PI3Ka inhibitor is compelling, and we look forward to starting a combination study for HNSCC, combining tipifarnib with a PI3Kα inhibitor in mid-year," Wilson said.

Treating the entire population of cancer patients requires a polypharmacy approach that attacks cancer from multiple angles. As yet, there are gaps.

"At Kura, we’re helping to close those gaps by developing exquisitely potent compounds and stacking them up to drive long-term remissions or even cures," Wilson said.

Partnering isn’t in Kura Oncology’s immediate plans.

"We’re fortunate to have more than $600 million on hand – enough to fund both KO-539 and tipifarnib through key value inflection points in the next 12 to 24 months," Wilson said.

That allows the company to aggressively pursue therapeutics that are both first – and best-in-class.

"We are constantly asking ourselves whether we can maximize the value of our existing programs and do more with the resources and talent we have," he continued. "Last year was a terrific year for Kura Oncology, and we’re working to make 2021 and beyond even better."

GSK, German Merck’s $4.2B bintrafusp alfa drug a bust, fails to beat king Keytruda in lung cancer

On January 20, 2021 GlaxoSmithKline reported that jump on for $4.2 billion has come up as a dud in a key trial pitting it against U.S. Merck’s blockbuster Keytruda (Press release, GlaxoSmithKline, JAN 20, 2021, View Source [SID1234574227]).

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That drug, originally known as M7824, now bintrafusp alfa, works as a bifunctional fusion protein immunotherapy.

It is designed to combine a TGF-β trap with the anti-PD-L1 mechanism in one fusion protein and to combine co-localized blocking of the two immuno-suppressive pathways: Targeting both pathways aims to control tumor growth by potentially restoring and enhancing anti-tumor responses.

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Early data showing a strong objective response rate (ORR) appeared to be enough for GSK to pen a deal with Germany’s Merck. (Though Pfizer, already partnered with Merck KGaA for their also-ran checkpoint inhibitor Bavencio, appeared to have passed on the med.)

The original deal with London’s GlaxoSmithKline saw Merck gain €300 million upfront, with milestone payments of up to €500 million and potential sales of €2.9 billion, which brought the total to an eye-watering figure of €3.7 billion ($4.16 billion).

RELATED: Merck KGaA, GSK pen $4.2B biobucks pact for next-gen Bavencio

That deal came after a mini deal spree for GSK, coat-tailing its $5.1 billion buyout of cancer biotech Tesaro, all amid a period of major restructuring, new personnel and R&D shifts at the company that has seen it once again refocus on oncology research.

But today, GSK’s decision looks poor: In a late-stage test of the drug in PD-L1-expressing non-small cell lung cancer patients, an independent monitoring committee has told the pair the drug will likely not hit its primary endpoint, which was progression-free survival, in the trial known as INTR@PID Lung 037.

The drug was going head-to-head with Merck’s rival U.S. pharma, also called Merck, and its winner-takes-all checkpoint inhibitor Keytruda, in newly diagnosed late-stage lung cancer patients. Beating out Keytruda, which has a strong track record in lung cancer, was always going to be a tough ask.

Other trials for the drug appear to be ongoing. "The recommendation by the Independent Data Monitoring Committee and the Company’s decision is related only to this Clinical Trial," the pair said in a statement.

Germany’s Merck was down more than 3% on the news, with GSK down 1.5% premarket.

"We have pioneered the science behind bintrafusp alfa, and now through a strategic alliance, multiple non-correlated parallel hypotheses are being evaluated across numerous indications in our extensive INTR@PID clinical program," said Danny Bar-Zohar, M.D., global head of development for the healthcare business of Merck KGaA.

"We remain committed to further evaluation of bintrafusp alfa, and these data from INTR@PID Lung 037 will provide important insights that may be applied to future studies."

Analyst at Jefferies said that Merck remains confident the drug is "active" but are unclear why it was hit by a failure, although they said it is not due to any safety issues.

In a call with analysts, the pharma said it remains optimistic about the franchise and other indications ongoing including biliary tract cancer, cervical, urothelial, and first-line and second-line lung combinations with radiation, TIGIT, and so on, there is a second-line biliary tract cancer topline result also coming in the coming weeks, with an ORR analysis "and the bar is low to beat," according to analysts.

Michael Yee from Jefferies added in his note to clients: "Bottom line: We are perplexed why Merck KGaA failed early at an interim despite very positive phase 2 data. This goes to why single-agent, uncontrolled studies must be taken with a grain of salt."

ION537 will be evaluated at MD Anderson in a Phase 1 study of patients with liver and head and neck cancers

On January 20, 2021 Ionis Pharmaceuticals reported that collaboration with The University of Texas MD Anderson Cancer Center to discover and develop novel antisense cancer therapies recently achieved an important milestone: the first patient has been dosed with ION537 in a Phase 1 clinical study (Press release, Ionis Pharmaceuticals, JAN 20, 2021, View Source [SID1234574193]). ION537 is designed to target YAP1, a transcription factor that preclinical studies have shown to be critical in certain hepatocellular and head and neck cancers. ION537 was the first program initiated in the Ionis-MD Anderson collaboration, which has moved quickly from target validation to human cancer trials.

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The collaboration brings MD Anderson’s expertise in preclinical and translational research and the drug discovery and development capabilities of its Therapeutics Discovery division together with Ionis’ proven success developing antisense medicines, with a goal to accelerate Ionis’ antisense technology platform in cancer. Ionis worked closely with MD Anderson researchers on preclinical studies to validate the molecular target, YAP1, and MD Anderson’s Translational Research to Advance Therapeutics and Innovation in Oncology (TRACTION) platform for translational studies that enabled the Phase 1 study. Previously undruggable, YAP1 is a transcription factor that is uniquely addressable with Ionis’ technology. It is an emerging, important therapeutic target, not only in tumor cell survival but also in regulating the immune microenvironment of tumors, according to Dr. A. Robert MacLeod, vice president and franchise head of oncology at Ionis.

"Development of ION537 represents the synergistic combination of capabilities from Ionis and MD Anderson that have enabled the deployment of our antisense technology to previously undruggable cancer targets. We are excited about the broad potential of ION537 to bring benefit to cancer patients with many different tumor types," said Dr. MacLeod, adding that, "though the Phase 1 trial of ION537 is initially focused on hepatocellular and head and neck cancers with specific molecular features, the target has broader potential for treating numerous forms of cancer alone or in combination with immuno-oncology therapeutics."

Ionis and MD Anderson are evaluating ION537 in a single center, open label, non-randomized, twopart study. In total, the study is planning to enroll up to 102 participants. Patients for the study will be identified using an assay co-developed by Ionis and MD Anderson and validated through MD Anderson’s CLIA-certified laboratory1, making the study a true example of precision medicine.