Theratechnologies To Present At The B. Riley Securities Virtual Oncology Investor Conference

On January 15, 2021 Theratechnologies Inc. (Theratechnologies) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, reported that Paul Levesque, President and Chief Executive Officer and Dr. Christian Marsolais, Senior Vice President and Chief Medical Officer will present at the B. Riley Virtual Oncology Investor Conference on Wednesday, January 20, 2021 at 3:30 p.m. ET (Press release, Theratechnologies, JAN 15, 2021, View Source [SID1234574985]).

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To access the live virtual presentation, please visit the ‘News’ section of the Company’s website. A webcast replay will also be available approximately two hours after the presentation.

Gracell Biotechnologies Receives Medical Products Manufacturing Certificate for CAR-T Cell Therapy Products

On January 15, 2021 Gracell Biotechnologies Inc. (NASDAQ: GRCL) ("Gracell"), a global clinical-stage biopharmaceutical company dedicated to developing highly efficacious and affordable cell therapies for the treatment of cancer, reported that it has been granted the Medical Products Manufacturing Certificate (MPMC) from the Jiangsu Medical Products Administration (JSMPA, Jiangsu is a province/state in China) for its CAR-T cell therapy products (Press release, Gracell Biotechnologies, JAN 15, 2021, View Source [SID1234574068]). The certification was granted on January 4, 2021, and indicates that Gracell’s site in Suzhou Industrial Park (SIP) has fully met the compliance requirements for Good Manufacturing Practice (GMP) in relation to the production of CAR-T cell therapy for cancer treatment.

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Since the new Pharmaceutical Administration Law of the People’s Republic of China took effect on December 1, 2019, GMP certification has been abolished in China and applications for GMP certification are no longer accepted by the National Medical Products Administration (NMPA). Instead, the "Measures for Supervision and Management of Medical Products Manufacturing", which came into effect on July 1, 2020, clearly outlines strict and detailed requirements regarding permissions and relevant supervisions for the manufacture of medical products. Only manufacturing sites that fully satisfy these stringent requirements can successfully pass an on-site inspection to obtain the "Medical Products Manufacturing Certificate".

As of March 2020, Gracell has implemented a comprehensive Quality Management System that fully complies with the U.S. FDA cGMP, EU GMP, China GMP, and relevant global guidelines for cell therapy products.

Gracell’s Suzhou site underwent and successfully passed an on-site inspection conducted by JSMPA inspectors in November, 2020, and received its official "Medical Products Manufacturing Certificate" on January 4, making it one of five CAR-T cell therapy manufacturers nationwide to receive the license.

"Our passion is to change the way conventional CAR-T therapies have been manufactured, and provide effective, low cost manufacturing of cellular gene therapeutics with fast turnaround time," said Dr. William (Wei) Cao, founder, Chairman, and CEO of Gracell. "We are thrilled to receive this certificate from JSMPA, which will enable us to further advance our current clinical programs including our FasTCAR-T programs and bring transformative CAR-T cell therapies to a broader group of patients."

ViewRay Announces Participation in the B. Riley Oncology Investor Conference

On January 15, 2021 ViewRay, Inc. (NASDAQ: VRAY) (the "Company") reported that members of management will be participating in a fireside chat at the B. Riley Oncology Investor Conference on Wednesday, January 20, 2021 (Press release, ViewRay, JAN 15, 2021, View Source [SID1234574067]). ViewRay will also be hosting 1×1 meetings with investors.

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An audio recording of the fireside chat will be available after the event on the "Financial Events and Webinars" portion of ViewRay’s investor website at View Source The recording will be available for 7 days after the date of the presentation.

Senhwa Biosciences Presents Positive Cholangiocarcinoma Data

On January 15, 2021 Senhwa Biosciences, Inc. (TPEx: 6492), a clinical-stage biopharmaceutical company focused on next generation DNA Damage Response (DDR) therapeutics for the treatment of cancer, reported that promising clinical data from their global phase 1b/2 trial, evaluating the combination of Silmitasertib plus Gemcitabine and Cisplatin compared to Gemcitabine and Cisplatin alone in the frontline treatment of patients with Cholangiocarcinoma (CCA) will be presented at the 2021 ASCO (Free ASCO Whitepaper) GI Cancers Symposium in San Francisco (Press release, Senhwa Biosciences, JAN 15, 2021, View Source [SID1234574066]).

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The study met its primary endpoint during an interim analysis by demonstrating a statistically significant difference in the Silmitasertib plus Gemcitabine and Cisplatin Arm. These findings indicate a clinically meaningful improvement in progression-free survival (PFS) (P<0.05). Consequently, the trial was stopped early once superior efficacy was confirmed.

"We are encouraged by the preliminary efficacy evidence demonstrated by Silmitasertib in combination with Gemcitabine and Cisplatin in patients with locally advanced or metastatic CCA. The addition of Silmitasertib with Gemcitabine and Cisplatin fulfills an unmet need for the effective treatment for CCA and could change the standard of care, ultimately saving more lives," said Dr. John Soong, Chief Medical Officer of Senhwa Biosciences.

The 2021 ASCO (Free ASCO Whitepaper) GI Cancer poster titled "Silmitasertib (CX-4945) in Combination with Gemcitabine and Cisplatin as First-Line Treatment for Patients with Locally Advanced or Metastatic Cholangiocarcinoma, a Phase 1b/2 Study" is summarized here:

Key Study Population and Outcomes Definition:

A total of 88 patients were enrolled and define the intent-to-treat (ITT) population, of which 87 of these patients received Silmitasertib in the phase 1b (n=50) and phase 2 (n=37) portions of the study:

All 87 patients were included in the safety population.
55 patients were able to complete at least one full cycle of therapy, without dosing interruption or dose reductions and form the modified intent-to-treat (mITT) population.
The primary efficacy outcome measure was assessed with PFS.
Preliminary Efficacy Analysis:

The efficacy findings for Silmitasertib compare favorably with those reported in the literature for Gemcitabine and Cisplatin in the BT22 study (which included 6-weekly tumor scans, as in our study; the BT22 study looked at Gemcitabine alone verses Gemcitabine and Cisplatin in combination):

Median PFS in the mITT population (11.2 months) is a clinically meaningful improvement when compared to the study’s Phase II control group (5.8 months). PFS was approximately 5 months longer than in the BT22 study (5.8 months)
Median OS (Overall Survival) in the mITT population (17.4 months) was approximately 6 months longer than in the BT22 study (11.2 months)
The ORR (Overall Response Rate) in the mITT population (32.1%) was higher than in the BT22 study (19.5%).
The DCR (Disease Control Rate in the mITT population (79.3%) was also higher than that in the BT22 study (68.3%).
Preliminary Safety Analysis:

Almost all patients receiving Silmitasertib (99%) experienced at least 1 TEAE (Treatment-Emergent Adverse Events), although most were mild or moderate in severity.
The most common Silmitasertib treatment-related TEAEs were diarrhea (66%), nausea (51%), vomiting (33%), and fatigue (31%).
Conclusions:

This interim analysis shows that Silmitasertib in combination with Gemcitabine and Cisplatin shows promising preliminary efficacy evidence in patients with locally advanced or metastatic CCA.
The TEAE profile of Silmitasertib compares favorably with that of Gemcitabine and Cisplatin in the BT22 study, with a lower incidence of hematological AEs (Adverse Events) of 21–39% versus 58.5–87.8%.
66% of patients had a reduction in their CA 19-9 levels.
Based on these findings a randomized phase 3 trial is planned.
These findings will be presented at a virtual session of Poster Highlights at 2:30 PM-3:15 PM (PST) on Jan. 17, 2021 at the Annual ASCO (Free ASCO Whitepaper) GI Cancers Symposium (online, due to Covid-19).

About Silmitasertib

Silmitasertib is a first-in-class small molecule drug that targets CK2 and acts as a CK2-inhibitor. Silmitasertib is safe and well-tolerated in humans. To date, three Phase I trials of Silmitasertib in cancer patients have been completed; currently, there is one ongoing Phase I and two ongoing Phase II studies. In December 2016, Silmitasertib was granted Orphan Drug Designation by the U.S. FDA for the treatment of Cholangiocarcinoma. In July 2020, Silmitasertib was granted Rare Pediatric Disease Designation to treat Medulloblastoma by the U.S. FDA. An eIND was granted by the U.S. FDA on August 27, 2020, to Dr. Rayyan at BUMCP to treat a patient with severe COVID-19.

Titan Pharmaceuticals Announces Pricing of $9.7 Million Registered Direct Offering

On January 15, 2021 Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) reported it has entered into a securities purchase agreement with certain accredited institutional investors to purchase approximately $9.7 million of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement (Press release, Titan Pharmaceuticals, JAN 15, 2021, View Source [SID1234574065]). The combined purchase price for one share of common stock and each warrant will be $3.55.

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Under the terms of the purchase agreement, Titan has agreed to sell 2,725,000 shares of its common stock and warrants to purchase up to an aggregate of 2,725,000 shares of common stock. The warrants will be immediately exercisable, will expire on the five year and six-month anniversary of the issuance date and will have an exercise price of $3.55 per share.

Titan expects the net proceeds from the registered direct offering and concurrent private placement to be approximately $8.9 million after deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about January 20, 2021, subject to the satisfaction of customary closing conditions.

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The shares of common stock are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-230742), which was declared effective by the United States Securities and Exchange Commission ("SEC") on April 24, 2019. The warrants issued in the concurrent private placement and shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the shares of common stock and warrants will be filed by Titan with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, Attention: Syndicate Department, or via email at [email protected] or telephone at (212) 895-3745.