ImmunoPrecise Reports Financial Results and Recent Business Highlights for Second Quarter Fiscal Year 2022

On December 13, 2021 IMMUNOPRECISE ANTIBODIES LTD. (the "Company" or "IPA") (NASDAQ: IPA) (TSX VENTURE: IPA), a leader in full-service therapeutic antibody discovery and development, reported financial results for second quarter fiscal year 2022, which ended October 31, 2021 (Press release, ImmunoPrecise Antibodies, DEC 13, 2021, View Source [SID1234596924]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Second Quarter Fiscal Year 2022 Financial Summary*

The Company achieved revenues of $4.7 million, a decrease of $32,780 or (0.7%) from the same period last year**.
The Company, primarily through its subsidiary Talem Therapeutics LLC, invested $2.8 million in strategic research and development costs compared to $1.1 million in the same period last year.
The Company recorded a net loss of $5.0 million during the three months ended October 31, 2021, compared to net loss of $463,584 for the three months ended October 31, 2020.
Adjusted EBITDA*** was a loss of $2.9 million, as compared to positive EBITDA of $795,159 for the same period last year.
As of October 31, 2021, the Company held cash of $38.4 million.
*Expressed in Canadian dollars, unless otherwise indicated.
**Please see section titled Revenue below for additional information on stated revenue in fiscal year 2021.
***For additional information on Adjusted EBITDA (a non-IFRS measure), please see section entitled Forward-looking statements below.

Dr. Jennifer Bath, CEO of ImmunoPrecise, stated, "We have been tactically investing in R&D to accelerate our Talem pipeline, expand our discovery and characterization platforms, invest in novel and expedited technologies for decoding and delivering next-generation therapeutics, as well as aligning early-stage proof of concept studies with the emerging and swiftly increasing promise of nucleic acid technologies."

"With our expanded European footprint and channel partnerships firmly in place, we have rapidly built the necessary infrastructure to make immediate inroads across the region. As such, we have grown our senior leadership team to manage the ramp-up in growth across the organization prudently. With bold marketing initiatives in place, including the revitalization of IPA’s brand architecture underway, we are well positioned to compete and win, while delivering measurable value creating catalysts to our shareholders. Our core focus continues to move our proprietary potential therapies in Talem Therapeutics forward, close on a broadening pipeline of new CRO business, while advancing our PolyTope Cocktail development program which has taken an even more pressing role in light of the unmet need and total addressable COVID-19 market which we believe we can fill," concluded Dr. Bath.

Recent Second Quarter Fiscal 2022 and Operational Highlights

IPA prepared a pre-investigational new drug (PIND) application and received feedback from the U.S. Food and Drug Administration (FDA).
The Company has initiated final IND-enabling studies and has received the initial data related to the safety and toxicity profile of its PolyTope cocktail.
Based on in silico sequence and structural analysis, the Company anticipates that IPA’s PolyTope will retain activity against Omicron (B.1.1.529), similar to what they have observed in in vitro models for other variants of concern identified previously.
IPA established a US $50 million at-the-market transaction utilizing H.C. Wainwright & Co. as the sole sales agent.
The Company established a multi-target research collaboration utilizing ImmunoPrecise’s powerful antibody discovery technologies in combination with the long-standing expertise of Pierre Fabre in immuno-oncology.
IPA Europe has been granted a three-year approval for the "Crédit d’Impôt Recherche" (CIR) from the French Ministry of Higher Education and Research. CIR is a French R&D tax credit initiative which will provide tax credits to eligible French companies when they engage IPA Europe, Oss, in qualified research and development activities.
The Company bolstered global senior leadership with Barry Duplantis, Ph.D., promoted to Vice President of Client Relations and the addition of Ms. Carla Dahl, Vice President of Marketing.
Financial Results

Revenue

The Company achieved revenues of $4.7 million during the three months ended October 31, 2021, compared to $4.8 million in fiscal 2021, a $32,780, or (0.7%), decrease. As previously reported, the implementation of a new ERP system, effective for fiscal year 2021, was complicated by travel restrictions due to COVID-19. These complications, along with the new processes and procedures, caused the Company to miscalculate eliminations of intercompany transactions during the first three quarters of fiscal year 2021, primarily related to internal research and development sales to Talem.

The miscalculation resulted in immaterial, but notable, variances in revenues for the first three quarters of fiscal year 2021. The effect of the miscalculation can be seen in Management’s Discussion and Analysis in the Summary of Quarterly Results. Taking into account the prior year miscalculation, total revenues for the three months ended October 31, 2021, would have reflected an increase of 15.5% over prior year. This growth was driven primarily by increased financial value of a partner contract related to protein manufacturing, along with a notable increase in the number of projects under contract utilizing the Company’s B cell Select platform.

Research & Development

Research and development increased to $2.8 million from $1.0 million in 2020, due to the strategic investment in research the Company is undertaking, including the Company’s SARS-CoV-2 PolyTope cocktail and other Talem research projects.

Net Loss

The Company recorded a net loss of $5.0 million during the three months ended October 31, 2021, compared to net loss of $463,584 for the three months ended October 31, 2020.

Financing Activities / Liquidity and Capital Resources

As of October 31, 2021, the Company held cash of $38.4 million and had working capital of $36.4 million.

On October 13, 2021, an at-the-market ("ATM") equity offering facility, was entered into with H.C. Wainwright & Co., LLC, as sole sales agent ("Agent"). The Company will be entitled, at its discretion and from time-to-time during the term of the ATM agreement. to sell through the Agent common shares of the Company having an aggregate gross sales price of up to US $50 million. As of October 31, 2021, US $50 million of the Company’s stock remained available for sale under the ATM facility.

Gritstone bio Added to the Nasdaq Biotechnology Index

On December 13, 2021 Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company developing the next generation of cancer and infectious disease immunotherapies, reported that the company has been added to the NASDAQ Biotech Index (Nasdaq: NBI), effective prior to market open on Monday, December 20, 2021 (Press release, Gritstone Oncology, DEC 13, 2021, View Source [SID1234596923]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The NASDAQ Biotechnology Index is designed to track the performance of a set of securities listed on The Nasdaq Stock Market (Nasdaq) that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark (ICB). The NASDAQ Biotechnology Index is calculated under a modified capitalization-weighted methodology. Companies in the NASDAQ Biotechnology Index must meet eligibility requirements, including minimum market capitalization, average daily trading volume and seasoning as a public company, among other criteria. Nasdaq selects constituents once annually in December.

Two GlycoMimetics Posters at 63rd ASH Annual Meeting Highlight Potential of GMI-1359, a Dual Antagonist of CXCR4 and E-selectin

On December 13, 2021 GlycoMimetics, Inc. (Nasdaq: GLYC) reported this week at the 63rd American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition in Atlanta presented two posters providing support for targeting both CXCR4 and E-selectin with GMI-1359, the Company’s dual antagonist of CXCR4 and E-selectin, as a novel treatment strategy for patients with AML (Press release, GlycoMimetics, DEC 13, 2021, View Source [SID1234596922]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"Both posters demonstrate the potential value of blocking extrinsic factors of AML drug resistance in the bone marrow microenvironment with our dual-function antagonist GMI-1359. The work done at MD Anderson specifically demonstrates that by disrupting tumor-stromal interactions within the bone marrow, as measured by increased in vivo cell motility, GMI-1359 significantly enhances/restores the antileukemic activity of venetoclax/HMA and FLT3 inhibitors. Importantly, GMI-1359 also protects the normal hematopoietic stem cells and the bone marrow compartment from detrimental toxic side effects from chemotherapy as experienced with venetoclax/HMA treatments. These data support our belief that targeting extrinsic factors of chemoresistance with GMI-1359 can increase not only the efficacy but also the safety of conventional AML therapy," said John Magnani, PhD, GlycoMimetics’ Chief Scientific Officer.

The first poster (#1171) — presented December 11 — describes the unexpected activities of FLT-3 inhibitors such as quizartinib and sorafenib in upregulating the expression of E-selectin ligands (sialyl Lex) and CXCR4, thereby increasing adhesion to protective niches in the bone marrow microenvironment and inducing chemoresistance. Using cells from a relapsed patient treated with a FLT-3 inhibitor in a murine model, the addition of GMI-1359, a dual antagonist of E-selectin and CXCR4, to quizartinib broke chemoresistance, led to a dramatic reduction in leukemic burden and a doubling of median survival time from 79 to 158 days (p<0.0001).

The second poster (#3348), presented today contains data demonstrating that in a patient derived xenograft model, both uproleselan and GMI-1359 increased the efficacy and extended median survival time in engrafted mice treated with venetoclax/HMA from 74 days to 90 and 91 days, respectively. In these studies, the inclusion of uproleselan or GMI-1359 in combination with venetoclax/HMA further significantly decreased both the leukemic blast and leukemic stem cell burden beyond that obtained with venetoclax/HMA alone. Coincident with these studies data in the poster also demonstrate through intravital microscopy that GMI-1359 reduced adhesion and stimulated mobility of leukemic stem cells within the bone marrow microenvironment suggesting the disruption of both the E-selectin/E-selectin ligand and the CXCR4/CXCL12 axes. In addition, the poster includes evidence that uproleselan and GMI-1359 preserve the nontumor bone marrow component cells from venetoclax/HMA detrimental effects through the upregulation of survival signaling cascades, while protecting the hematopoietic stem cells and the bone marrow components from this treatment.

The accepted abstracts are available online through the ASH (Free ASH Whitepaper) meeting website. Both posters are available on the Company’s website, www.glycomimetics.com under the PUBLICATIONS tab.

About GMI-1359

GMI-1359 is designed to simultaneously inhibit both E-selectin and CXCR4 — both adhesion molecules involved in tumor trafficking and metastatic spread. Preclinical studies indicate that targeting both E-selectin and CXCR4 with a single compound could improve efficacy in the treatment of cancers that involve the bone marrow such as AML and multiple myeloma or in solid tumors that metastasize to the bone, such as prostate cancer and breast cancer, as well as in osteosarcoma, a rare pediatric tumor. GMI-1359 has received Orphan Drug Designation and Rare Pediatric Disease Designation from the FDA for the treatment of osteosarcoma, a rare cancer affecting about 900 adolescents a year in the United States.

About Uproleselan

Discovered and developed by GlycoMimetics, uproleselan is an investigational, first-in-class, targeted inhibitor of E-selectin. Uproleselan (yoo’ pro le’ sel an), currently in a comprehensive Phase 3 development program in AML, has received Breakthrough Therapy Designation from the U.S. FDA and from the Chinese National Medical Products Administration for the treatment of adult AML patients with relapsed or refractory disease. Uproleselan is designed to block E-selectin (an adhesion molecule on cells in the bone marrow) from binding with blood cancer cells as a targeted approach to disrupting well-established mechanisms of leukemic cell resistance within the bone marrow microenvironment.

New data presented at ASH 2021 highlight potential of Blenrep (belantamab mafodotin-blmf) in combination with standard of care therapies in earlier lines of multiple myeloma treatment

On December 13, 2021 GlaxoSmithKline (GSK) plc reported new data from the DREAMM-9 (DRiving Excellence in Approaches to Multiple Myeloma) phase I trial and two GSK collaborative studies investigating the potential use of Blenrep (belantamab mafodotin-blmf), a first-in-class anti-BCMA (B-cell maturation antigen) therapy, in combination with standard of care therapies in earlier lines of multiple myeloma treatment (Press release, GlaxoSmithKline, DEC 13, 2021, View Source [SID1234596921]). These data were presented at the 63rd American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Collectively, the data from these trials suggest that with an optimised dose, schedule and combination treatment, corneal events associated with belantamab mafodotin may be reduced in patients receiving earlier lines of therapy. These data will be used to help inform further studies evaluating the potential of belantamab mafodotin in a broader patient population.

DREAMM-9 trial (abstract #2738) – Preliminary results from this phase I trial evaluating a quadruplet combination treatment regimen of belantamab mafodotin with standard of care (bortezomib, lenalidomide and dexamethasone [VRd]) in transplant-ineligible patients with newly diagnosed multiple myeloma (n=36) demonstrated lower rates of corneal events in the cohorts with extended dose schedules and lower doses, while maintaining a high ORR.

Dosing across the five cohorts in DREAMM-9 trial varies. Cohort 1 is 1.9 mg/kg Q3/4W; Cohort 2 is 1.4 mg/kg Q6/8W; Cohort 3 is 1.9 mg/kg Q6/8W; Cohort 4 is 1.0 mg/kg Q3/4W and Cohort 5 is 1.4 mg/kg Q3/4W. An ORR of 100% was observed in Cohorts 1 (n=12), 3 and 5 (n=6) and an ORR of 83% was observed in Cohorts 2 and 4 (n=5/6). At least 50% of patients in each cohort achieved a very good partial response (VGPR) or better, with the highest rates observed in Cohorts 1 and 5 (100% in each). In Cohort 1, 7 out of 9 patients achieved minimal residual disease (MRD)-negative status at the first test after a VGPR.

Hesham Abdullah, Global Head of Oncology Development, GSK, said: "We remain committed to addressing unmet needs by evaluating belantamab mafodotin in earlier lines of treatment in combination with standard of care therapies, as well as assessing different dosing regimens to optimise efficacy and safety in these settings. These promising data at ASH (Free ASH Whitepaper), while early-stage, underscore the importance of exploring the potential of belantamab mafodotin as part of combination regimens to improve outcomes for patients with multiple myeloma."

There were no new adverse events (AEs) associated with belantamab mafodotin in DREAMM-9. The majority of patients experienced treatment-related AEs, which were generally managed with dose modifications. The most common AEs leading to dose modifications were thrombocytopenia, neutropenia and corneal AEs. All patients experiencing corneal AEs remained on treatment.

Dr Saad Z. Usmani, Chief of Myeloma Service, Memorial Sloan Kettering Cancer Center and DREAMM-9 principal investigator said: "For patients with newly diagnosed multiple myeloma who are not eligible for a stem cell transplant, the exploration of novel frontline combination therapies are critical to improving survival. We believe these initial results from the DREAMM-9 clinical trial demonstrate the potential of combination therapy with belantamab mafodotin, with a majority of patients achieving a very good partial response or better and consistent safety findings, underscoring how this may become an important treatment regimen for these patients."

BelaRd trial (abstract #2736) – Preliminary results from the BelaRd trial evaluating the triplet combination of belantamab mafodotin with lenalidomide and dexamethasone (Rd) demonstrated an ORR of 100% (n=18) across the three cohorts (2.5 mg/kg Q8W, 1.9 mg/kg Q8W, 1.4 mg/kg Q8W), furthering evidence of the potential of belantamab mafodotin in transplant-ineligible patients with newly diagnosed multiple myeloma. A trial being led by the Hellenic Society of Hematology in collaboration with GSK in treatment-naïve patients, BelaRd found no new safety signals. Across all three dosing cohorts, no grade 3 or greater corneal AEs were observed.

ALGONQUIN (abstract #1653) – Updated results from ALGONQUIN, a trial led by the Canadian Myeloma Research Group in collaboration with GSK, evaluating belantamab mafodotin in combination with pomalidomide/dexamethasone (PomDex) in patients with relapsed/refractory multiple myeloma (2.5 median prior lines of therapy) were also presented. Across all dosing cohorts (n=54), belantamab mafodotin plus PomDex resulted in an ORR of 88.9%, with 72.2% achieving a VGPR or better and a median progression-free survival (mPFS) of 17 months (95% CI, 14.5-not yet reached). Belantamab mafodotin administered as 2.5 mg/kg Q8W (n=12) demonstrated an ORR of 83.3%, with a mPFS that has not yet been reached (95% CI, 11.3-not yet reached). This dosing schedule has been selected for the Part 2 cohort expansion based on optimised safety and efficacy. The current FDA-recommended dose of single-agent belantamab mafodotin is 2.5 mg/kg administered Q3W.

The combination therapy of belantamab mafodotin and PomDex in the ALGONQUIN trial demonstrated a safety profile that is consistent with the known safety profiles of belantamab mafodotin and PomDex individually. Among patients evaluable for safety (n=56), treatment-related AEs were reported by 96.4% of patients; the most frequent non-ocular grade 3 or greater events included neutropenia and thrombocytopenia. Serious AEs were observed in 50% of patients, with one fatal event due to acute respiratory distress syndrome. Two patients (3.6%) discontinued due to AEs, including one case of leukoencephalopathy (2.5 mg/kg Q4W; unlikely related to treatment) and elevated ALT (2.5 mg/kg Q12W, possibly related to treatment).

Blenrep is an anti-BCMA treatment that received accelerated and conditional approvals in the US and the EU, respectively, for adult patients with relapsed/refractory multiple myeloma who have received at least four prior therapies, including an anti-CD38 antibody, a proteasome inhibitor and an immunomodulatory agent. Blenrep is not currently approved in any other treatment setting, including in newly diagnosed multiple myeloma or for use in combination with other multiple myeloma therapies.

About DREAMM-9

DREAMM-9 is a randomised, multi-cohort, dose and schedule evaluation trial to investigate the safety, pharmacokinetics, pharmacodynamics and clinical activity of belantamab mafodotin administered in combination with standard of care (bortezomib, lenalidomide and dexamethasone [VRd]) in patients with transplant-ineligible newly diagnosed multiple myeloma. Initial results were presented at ASH (Free ASH Whitepaper) and included five cohorts evaluating different doses of belantamab mafodotin in combination with VRd: 1.9 mg/kg Q3/4W (Cohort 1), 1.4 mg/kg Q6/8W (Cohort 2), 1.9 mg/kg Q6/8W (Cohort 3), 1.0 mg/kg Q3/4W (Cohort 4) and 1.4 mg/kg Q3/4W (Cohort 5). All patients received VRd Q3W until cycle 8, followed by lenalidomide plus dexamethasone Q4W.

About BelaRd

BelaRd is phase I/II, open-label trial designed to assess the safety and clinical activity of different belantamab mafodotin doses in combination with lenalidomide and dexamethasone (Rd) in treatment-naïve, transplant-ineligible, newly diagnosed multiple myeloma. The trial, which is being conducted in Greece, is comprised of two distinct parts: Part 1 will evaluate different doses of belantamab mafodotin in combination with Rd in up to three cohorts and will determine the recommended Part 2 dose to be further evaluated for safety and clinical activity in the dose expansion cohort (Part 2). The recommended Part 2 dose will be used for future trials in the transplant-ineligible, newly diagnosed multiple myeloma setting. Part 2 of the trial will also evaluate an alternative dose modification schedule to assess the impact on corneal adverse events.

About ALGONQUIN

ALGONQUIN is a phase I/II trial being conducted in Canada and is investigating belantamab mafodotin in combination with PomDex in patients with relapsed/refractory multiple myeloma who had received ≥2 prior lines of treatment, were exposed to lenalidomide and a proteasome inhibitor and were refractory to their last line of therapy. This trial consists of a Part 1 dose-finding portion and a Part 2 expansion phase. Initial data from the Part 1 phase of the trial was presented at ASH (Free ASH Whitepaper) 2020 and identified 2.5 mg/kg in combination with standard dosing of PomDex as the maximum tolerated dose. At ASH (Free ASH Whitepaper) 2021, updated safety and efficacy data and additional dosing cohorts used to identify the recommended Part 2 dose were presented. The following dosing of belantamab mafodotin was evaluated: 1.92 mg/kg or 2.5 mg/kg Q4W, 2.5 mg/kg loading dose followed by 1.92 mg/kg Q4W from cycle 2 onwards, 2.5 mg/kg Q8W or Q12W and 2.5 mg/kg or 3.4 mg/kg split equally on day 1 and 8 Q4W. Pom was administered at 4 mg on days 1-21 and Dex was administered at 40 mg (20 mg for age > 75 years) weekly.

About multiple myeloma

Multiple myeloma is the second most common blood cancer in the US and is generally considered treatable, but not curable.[1],[2] In the US, more than 32,000 people are estimated to be diagnosed with multiple myeloma this year and nearly 13,000 people will die from the disease.[3] Research into new therapies is needed as multiple myeloma commonly becomes refractory to available treatments.[4]

About B-cell maturation antigen (BCMA)

The normal function of BCMA is to promote plasma cell survival by transduction of signals from two known ligands, BAFF (B-cell activating factor) and APRIL (a proliferation-inducing ligand). This pathway has been shown to be important for myeloma cell growth and survival. BCMA expression is limited to B cells at later stages of development. BCMA is expressed at varying levels in myeloma patients and BCMA membrane expression is universally detected in myeloma cell lines.[5]

About Blenrep

Blenrep is an antibody drug conjugate comprising a humanised BCMA monoclonal antibody conjugated to the cytotoxic agent auristatin F via a non-cleavable linker. The drug linker technology is licensed from Seagen; monoclonal antibody is produced using POTELLIGENT Technology licensed from BioWa Inc. a member of the Kyowa Kirin Group.

INDICATION

BLENREP is indicated for the treatment of adults with relapsed or refractory multiple myeloma who have received at least 4 prior therapies, including an anti-CD38 monoclonal antibody, a proteasome inhibitor, and an immunomodulatory agent.

This indication is approved under accelerated approval based on response rate. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial(s).

IMPORTANT US SAFETY INFORMATION

WARNING: OCULAR Toxicity

BLENREP caused changes in the corneal epithelium resulting in changes in vision, including severe vision loss and corneal ulcer, and symptoms such as blurred vision and dry eyes.

Conduct ophthalmic exams at baseline, prior to each dose, and promptly for worsening symptoms. Withhold BLENREP until improvement and resume, or permanently discontinue, based on severity.

Because of the risk of ocular toxicity, BLENREP is available only through a restricted program under a Risk Evaluation and Mitigation Strategy (REMS) called the BLENREP REMS.

WARNINGS AND PRECAUTIONS

Ocular Toxicity: Ocular adverse reactions occurred in 77% of the 218 patients in the pooled safety population. Ocular adverse reactions included keratopathy (76%), changes in visual acuity (55%), blurred vision (27%), and dry eye (19%). Among patients with keratopathy (n = 165), 49% had ocular symptoms, 65% had clinically relevant visual acuity changes (decline of 2 or more lines on Snellen Visual Acuity in any eye), and 34% had both ocular symptoms and visual acuity changes.

Keratopathy: Keratopathy was reported as Grade 1 in 7% of patients, Grade 2 in 22%, Grade 3 in 45%, and Grade 4 in 0.5% per the KVA scale. Cases of corneal ulcer (ulcerative and infective keratitis) have been reported. Most keratopathy events developed within the first 2 treatment cycles (cumulative incidence of 65% by Cycle 2). Of the patients with Grade 2 to 4 keratopathy (n = 149), 39% recovered to Grade 1 or lower after median follow-up of 6.2 months. Of the 61% who had ongoing keratopathy, 28% were still on treatment, 9% were in follow-up, and in 24% the follow-up ended due to death, study withdrawal, or lost to follow-up. For patients in whom events resolved, the median time to resolution was 2 months (range: 11 days to 8.3 months).

Visual Acuity Changes: A clinically significant decrease in visual acuity of worse than 20/40 in the better-seeing eye was observed in 19% of the 218 patients and of 20/200 or worse in the better-seeing eye in 1.4%. Of the patients with decreased visual acuity of worse than 20/40, 88% resolved and the median time to resolution was 22 days (range: 7 days to 4.2 months). Of the patients with decreased visual acuity of 20/200 or worse, all resolved and the median duration was 22 days (range: 15 to 22 days).

Monitoring and Patient Instruction: Conduct ophthalmic examinations (visual acuity and slit lamp) at baseline, prior to each dose, and promptly for worsening symptoms. Perform baseline examinations within 3 weeks prior to the first dose. Perform each follow-up examination at least 1 week after the previous dose and within 2 weeks prior to the next dose. Withhold BLENREP until improvement and resume at same or reduced dose, or consider permanently discontinuing based on severity. Advise patients to use preservative-free lubricant eye drops at least 4 times a day starting with the first infusion and continuing until end of treatment. Avoid use of contact lenses unless directed by an ophthalmologist. Changes in visual acuity may be associated with difficulty for driving and reading. Advise patients to use caution when driving or operating machinery. BLENREP is only available through a restricted program under a REMS.

Thrombocytopenia: Thrombocytopenia occurred in 69% of 218 patients in the pooled safety population, including Grade 2 in 13%, Grade 3 in 10%, and Grade 4 in 17%. The median time to onset of the first thrombocytopenic event was 26.5 days. Thrombocytopenia resulted in dose reduction, dose interruption, or discontinuation in 9%, 2.8%, and 0.5% of patients, respectively. Grade 3 to 4 bleeding events occurred in 6% of patients, including Grade 4 in 1 patient. Fatal adverse reactions included cerebral hemorrhage in 2 patients. Perform complete blood cell counts at baseline and during treatment as clinically indicated. Consider withholding and/or reducing the dose based on severity.

Infusion-Related Reactions: Infusion-related reactions occurred in 18% of 218 patients in the pooled safety population, including Grade 3 in 1.8%. Monitor patients for infusion-related reactions. For Grade 2 or 3 reactions, interrupt the infusion and provide supportive treatment. Once symptoms resolve, resume at a lower infusion rate. Administer premedication for all subsequent infusions. Discontinue BLENREP for life-threatening infusion-related reactions and provide appropriate emergency care.

Embryo-Fetal Toxicity: Based on its mechanism of action, BLENREP can cause fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential to use effective contraception during treatment with BLENREP and for 4 months after the last dose. Advise males with female partners of reproductive potential to use effective contraception during treatment with BLENREP and for 6 months after the last dose. Pregnancy testing is recommended for females of reproductive potential prior to initiating BLENREP.

ADVERSE REACTIONS

The pooled safety population described in Warnings and Precautions reflects exposure to BLENREP at a dosage of 2.5 mg/kg or 3.4 mg/kg (1.4 times the recommended dose) administered intravenously once every 3 weeks in 218 patients in DREAMM-2. Of these patients, 194 received a liquid formulation (not the approved dosage form) rather than the lyophilized powder.

Patients received BLENREP at the recommended dosage of 2.5 mg/kg administered intravenously once every 3 weeks (n = 95). Permanent discontinuation due to an adverse reaction occurred in 8% of patients who received BLENREP; keratopathy (2.1%) was the most frequent adverse reaction resulting in permanent discontinuation. Dosage interruptions due to an adverse reaction occurred in 54% of patients who received BLENREP. Adverse reactions which required a dosage interruption in >3% of patients included keratopathy (47%), blurred vision (5%), dry eye (3.2%), and pneumonia (3.2%). Dose reductions due to an adverse reaction occurred in 29% of patients. Adverse reactions which required a dose reduction in >3% of patients included keratopathy (23%) and thrombocytopenia (5%).

The most common adverse reactions (≥20%) were keratopathy (71%), decreased visual acuity (53%), nausea (24%), blurred vision (22%), pyrexia (22%), infusion-related reactions (21%), and fatigue (20%). The most common Grade 3 or 4 (≥5%) laboratory abnormalities were lymphocytes decreased (22%), platelets decreased (21%), hemoglobin decreased (18%), neutrophils decreased (9%), creatinine increased (5%), and gamma-glutamyl transferase increased (5%).

Serious adverse reactions occurred in 40% of patients who received BLENREP. Serious adverse reactions in >3% of patients included pneumonia (7%), pyrexia (6%), renal impairment (4.2%), sepsis (4.2%), hypercalcemia (4.2%), and infusion-related reactions (3.2%). Fatal adverse reactions occurred in 3.2% of patients, including sepsis (1%), cardiac arrest (1%), and lung infection (1%).

USE IN SPECIFIC POPULATIONS

Lactation: Because of the potential for serious adverse reactions in the breastfed child, advise women not to breastfeed during treatment with BLENREP and for 3 months after the last dose.

Females and Males of Reproductive Potential: Based on findings in animal studies, BLENREP may impair fertility in females and males.

Geriatric Use: Of the 218 patients who received BLENREP in DREAMM-2, 43% were aged 65 to less than 75 years and 17% were aged 75 years and older. Keratopathy occurred in 80% of patients aged less than 65 years and 73% of patients aged 65 years and older. Among the 95 patients who received BLENREP at the 2.5-mg/kg dose, keratopathy occurred in 67% of patients aged less than 65 years and 73% of patients aged 65 years and older.

Renal or Hepatic Impairment: The recommended dosage has not been established in patients with severe renal impairment (eGFR 15 to 29 mL/min/1.73 m2) or end-stage renal disease (ESRD) with eGFR <15 mL/min/1.73 m2 not on dialysis or requiring dialysis. The recommended dosage has not been established in patients with moderate or severe hepatic impairment (total bilirubin >1.5 × ULN and any AST).

Please see full Prescribing Information, including BOXED WARNING and Medication Guide for BLENREP here.

Dr Usmani has provided consulting services to GlaxoSmithKline.

GSK in Oncology

GSK is focused on maximising patient survival through transformational medicines. GSK’s pipeline is focused on immuno-oncology, cell therapy, tumour cell targeting therapies and synthetic lethality. Our goal is to achieve a sustainable flow of new treatments based on a diversified portfolio of investigational medicines utilising modalities such as small molecules, antibodies, antibody-drug conjugates and cell therapy, either alone or in combination.

Genmab Announces that Janssen has Received Conditional European Marketing Authorization for RYBREVANT® (amivantamab) for Patients with Advanced Non-small Cell Lung Cancer with EGFR Exon 20 Insertion Mutations, after Failure of Platinum-base

On December 13, 2021 Genmab A/S (Nasdaq: GMAB) reported that the European Commission (EC) has granted Conditional Marketing Authorization for Janssen’s RYBREVANT (amivantamab), a fully human bispecific antibody, for the treatment of adult patients with advanced non-small cell lung cancer (NSCLC) with activating epidermal growth factor receptor (EGFR) exon 20 insertion mutations, after failure of platinum-based therapy (Press release, Genmab, DEC 13, 2021, View Source [SID1234596920]). The approval follows a Positive Opinion by the European Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) in October 2021. In July 2012, Genmab entered into a collaboration with Janssen Biotech, Inc. to create and develop bispecific antibodies using Genmab’s DuoBody technology platform. This is the first regulatory approval in the European Union for a product that was created using Genmab’s proprietary DuoBody technology platform.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"We are extremely pleased that, with Janssen’s latest approval for RYBREVANT, patients in the EU with advanced NSCLC with activating EGFR exon 20 insertion mutations may now have a new treatment option," said Jan van de Winkel, Ph.D., Chief Executive Officer of Genmab. "As the first approval for a DuoBody product in the European Union, this also marks an important milestone in the validation of Genmab’s innovative DuoBody technology platform."

For more information related to the European approval of Janssen’s amivantamab click here.