Roswell Park Opens Phase 2B Randomized Clinical Trial of Promising Brain Cancer Immunotherapy

On February 4, 2022 Roswell Park Comprehensive Cancer Center reported that it is the first center to treat patients in a newly opened advanced-stage clinical trial utilizing the brain cancer vaccine SurVaxM, offering a new treatment option for patients who are dealing with a rare but deadly form of the disease (Press release, MimiVax, FEB 4, 2022, View Source;utm_medium=rss&utm_campaign=roswell-park-opens-phase-2b-randomized-clinical-trial-of-promising-brain-cancer-immunotherapy [SID1234607746]). The multicenter randomized clinical trial is sponsored by MimiVax LLC, a company spun off from Roswell Park in 2012.

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!

Currently recruiting, the phase 2B randomized SURVIVE trial is open to newly diagnosed adult glioblastoma patients. At Roswell Park, the trial will be under the direction of Principal Investigator Ajay Abad, MD, a neurologic oncologist and faculty member in the Department of Neuro-Oncology. Altogether, the trial is expected to be open across 15 sites in the United States and China.

Glioblastoma, though rare, is the most common primary brain cancer. Fast-growing and aggressive, the cancer is typically treated with surgery, chemotherapy and radiation, but frequently recurs within a year of initial treatment. Median survival for patient with standard therapy is 16 months.

SurVaxM, an immunotherapy developed at Roswell Park by Robert Fenstermaker, MD, Chair of the Department of Neurosurgery and Michael Ciesielski, PhD, Assistant Professor of Oncology and now being developed by MimiVax, is a unique treatment vaccine that targets survivin, a protein that helps cancer cells stay alive. A recent single-arm phase II study in 63 patients with newly diagnosed glioblastoma demonstrated significantly longer survival time for patients treated with SurVaxM, with 93.7% alive a year after diagnosis, compared to expected 65% survival based on historical studies.

"For years, we’ve struggled to move the needle as far as good treatment options for glioblastoma. Our hope is that SurVaxM will offer patients both longer survival and better quality of life," says Dr. Abad, who is also an Assistant Professor of Oncology at Roswell Park. "To hopefully be on the precipice of meaningful progress against glioblastoma and to be able to possibly see my patients outside of the hospital — years after their diagnosis — would be incredible."

"Glioblastoma is a notoriously aggressive and hard-to-treat cancer. We are encouraged by the results from our earlier studies and excited to bring this treatment option to more brain cancer patients at more centers," says Dr. Fenstermaker.

The research team gratefully acknowledge donations to Roswell Park, directly and through events like the Ride for Roswell, as critical support of their work through all phases.

Second generation CAR T-cell therapy trialled in patients

On February 4, 2022 UCLB reported that Researchers say the findings offer new hope to adult patients with ‘relapsed B-cell acute lymphoblastic leukaemia’ (r/r B-ALL), for which there is currently no approved ‘curative’ treatment available. Patients typically have further chemotherapy and the prognosis is poor (Press release, UCLB, FEB 4, 2022, View Source [SID1234607745]).

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!

For the ALLCAR19 trial, published in the Journal of Clinical Oncology, 20 adult patients with relapsed B-ALL had their own T cells genetically modified with CAT-41BB-Z, a new type of CD19* CAR, which has been named obe-cel.

Like all CD19 CAR T-Cell therapies, this treatment programmes immune T cells to make an artificial protein called a CD19 chimeric antigen receptor (CAR) on their surface, directing them to specifically recognise cancerous cells.

However, in designing obe-cel, scientists in Dr Martin Pule’s lab at UCL Cancer Institute – in work that is supported by the National Institute for Health Research UCLH Biomedical Research Centre (BRC) – aimed to overcome two common constraints associated with existing CAR T-cell therapies.

The ALLCAR19 Chief Investigator Professor Karl Peggs, Honorary Clinical Professor at UCL Cancer Institute and Director of the Sir Naim Dangoor Centre for Cellular Immunotherapy at UCLH, explained: "While CAR T therapy is very effective for some patients, current CAR T-cell treatments have limitations.

"The immune system can become over-activated causing a toxic reaction called ‘cytokine release syndrome’; another consequence of over-activation is that the engineered T-cells become immunologically exhausted and no longer persist in the patient’s body. This lack of persistence can allow the cancer to relapse.

"These two problems have proven to be particularly difficult in adults with relapsed B-ALL and consequently there is no licensed CAR T-cell therapy in this age group for this type of cancer."

Obe-cel has been designed so that CAR T-cells bind with the target leukemic cancer cells less tightly and for shorter periods than other CD19CARs. This shortens the time of interaction, limiting over stimulation of the CAR T-cells, and they move between killing one leukaemia cell, then on to the next, thereby reducing over-exhaustion. This new type of therapy design is known as a "fast off-rate CAR".

Scientists hoped this design would reduce cytokine release syndrome toxicity and allow the CAR T-cells to divide, grow and live in the patient for months to years to prevent relapse.

Results of Phase I trial

In the ALLCAR19 trial modified obe-cel was used to treat 20 adult patients with relapsed B-ALL at UCLH.

Obe-cel was shown to have an excellent safety profile with none of the patients having cytokine release syndrome.

In regards durability, the CAR T-cell levels remained high in patients and persistence was evident in 75% patients at a median of six months.

Of the 20 patients, 85% were in complete remission at one month. Furthermore, the CAR T cells persisted well in nearly all patients and 50% remained in remission at 12 months.

Trial investigator, Dr Claire Roddie, Associate Professor at UCL Cancer Institute and consultant haematologist at UCLH, said: "This new type of CD19 CAR is designed so the interaction between CAR T-cell and target cancerous cell is faster than with standard CD19 CARs.

"As both scientists and doctors, we are delighted with the results; they are important because they show the new C19 CAR design allows for the safe treatment of CAR T-Cell therapy to adult patients with relapsed B-ALL. Moreover, this treatment may allow patients to have long-term remissions with no other treatment."

What next?

Based on the success of the ALLCAR19 study, Autolus Therapeutics (Nasdaq: AUTL), a spin-off company from UCL, has initiated the FELIX study, a phase Ib/II global registration study of obe-cel in adults with relapsed B-ALL.

The FELIX trial has a Phase Ib component prior to proceeding to a single arm Phase II clinical trial. The primary endpoint is overall response rate, and the key secondary endpoints include molecular complete remission rate, duration of response, and safety. The trial is designed to enroll approximately 100 patients across 30 of the leading academic and non-academic centers in the United Kingdom (including UCLH), Europe and the United States.

The ALLCAR19 trial is sponsored by UCL, funded by the NIHR i4i scheme and Autolus Therapeutics and supported by UCLH and the NIHR UCLH BRC.

The UCL CAR T cell programme based in the UCL Cancer institute is one of the largest CAR T cell programmes in the world and has a complete pipeline of CAR T cell discovery, pre-clinical testing, GMP and regulatory capabilities and an experimental phase I programme.

Trial patient case study

Claire Evans was diagnosed with Acute Lymphoblastic Leukaemia (ALL) in June 2015 and received treatment at her local hospital. This included a bone marrow transplant in December 2015, and she went into remission.

In May 2019, after she had been in pain for some time due to pressure fractures in the spine, she was referred to hospital for an MRI scan in August 2019 and doctors found that her leukaemia had returned.

Options were explored and she was eventually referred to UCLH for inclusion on the ALLCAR19 clinical trial. She had two infusions in November 2019 and was discharged from UCLH in December 2019. Her follow up care takes place at her local hospital. In November 2021 and it will be 24 months post CAR T and her latest follow up (in Nov 2021) showed she remains in remission.

Claire said: "I first heard about CAR-T after watching the documentary ‘War in the Blood’. I’d previously been diagnosed with leukaemia in 2015 and was in remission but I suffered a relapse in 2019. The doctors initially treated me with chemotherapy before one of them mentioned CAR-T and I was referred to UCLH who assessed me for participation in their clinical trial.

"As I was deemed suitable, I was able to start CAR-T treatment fairly quickly. I’d been made aware that the side effects could be very unpleasant but fortunately for me, I didn’t have any adverse effects.

"I’m so glad that I was able to take part in the trial, it has made all the difference and I’m still here. The initial results from my latest biopsy show no evidence of disease."

Arcellx Announces Pricing of Initial Public Offering

On February 4, 2022 Arcellx, Inc. (NASDAQ: ACLX), a biotechnology company reimagining cell therapy through the development of innovative immunotherapies for patients with cancer and other incurable diseases, reported the pricing of its initial public offering of 8,250,000 shares of common stock at a public offering price of $15.00 per share (Press release, Arcellx, FEB 4, 2022, View Source [SID1234607743]). The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Arcellx, are expected to be approximately $123.8 million. In addition, Arcellx has granted the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions. All of the shares of common stock are being offered by Arcellx. Arcellx’s common stock is expected to begin trading on the Nasdaq Global Select Market on February 4, 2022, under the ticker symbol "ACLX." The offering is expected to close on February 8, 2022, subject to the satisfaction of customary closing conditions.

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!

BofA Securities, SVB Leerink, Barclays and William Blair are acting as joint book-running managers for the offering.

A registration statement relating to the offering has been filed with the Securities and Exchange Commission and became effective today. The offering is made only by means of a prospectus, copies of which may be obtained, when available, from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at [email protected]; SVB Securities LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by telephone at 1-800-808-7525, ext. 6105, or by email at [email protected]; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] or by telephone at (888) 603-5847; or William Blair & Company, LLC, Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at 1-800-621-0687, or by email at [email protected]. Copies of the final prospectus, when available, related to the offering will be available at www.sec.gov.

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 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 jurisdiction.

Cedilla Therapeutics to Present at Upcoming Investor Conferences

On February 4, 2022 Cedilla Therapeutics, a biotechnology company bringing a new dimension to precision oncology, reported that Alexandra Glucksmann, Ph.D., President and Chief Executive Officer will present a corporate update at the following upcoming investor conferences in February (Press release, Cedilla Therapeutics, FEB 4, 2022, View Source [SID1234607742]):

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!

4th Annual Guggenheim Oncology Conference. Company presentation on Friday, February 11, at 11:00 a.m. ET.
BMO Biopharma Spotlight Series: Proteins – Degraders and Other Next Gen Technologies. Company presentation on Thursday, February 24, at 10:55 a.m. ET.

Twist Bioscience Reports First Quarter 2022 Financial Results

On February 4, 2022 Twist Bioscience Corporation (NASDAQ: TWST), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, reported financial results and business highlights for the first quarter of fiscal 2022 ended December 31, 2021 (Press release, Twist Bioscience, FEB 4, 2022, View Source [SID1234607741]).

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’ve started the year strong reporting record orders and revenue, with SynBio particularly robust in the first quarter of fiscal 2022," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. "We continue to introduce new products to enable exciting applications like liquid biopsy and minimal residual disease, expanding our customer base and our market opportunities in NGS."

"Our biopharma team added 8 new partners and 21 new programs with the integration of Abveris bringing an additional 72 ongoing programs, while advancing our internal candidates. We expect the first Twist Biopharma-discovered antibody to be in clinical trials this year. In addition, we announced that our first DNA data storage solution would be a Century Archive, storing data for 100 years," continued Dr. Leproust.

FISCAL 2022 FIRST QUARTER FINANCIAL RESULTS

·Orders: Total orders received for the first quarter of fiscal 2022 were $49.6 million compared to $33.6 million for the same period of fiscal 2021.
·Revenue: Total revenues for the first quarter of fiscal 2022 were $42.0 million compared to $28.2 million for the first quarter of fiscal 2021.
·Cost of Revenues: Cost of revenues for the first quarter of fiscal 2022 was $27.1 million compared to $18.2 million for the same period of fiscal 2021.
·Research and Development Expenses: Research and development expenses for the first quarter of fiscal 2022 were $22.6 million compared to $14 million for the same period of fiscal 2021.
·Selling, General and Administrative Expenses: Selling, general and administrative expenses for the first quarter of fiscal 2022 were $51.1 million compared to $28.8 million for the same period of fiscal 2021.
·Net Loss: Net loss attributable to common stockholders for the first quarter of fiscal 2022 was $45.6 million, or $0.91 per share, compared to $32.9 million, or $0.72 per share, for the same period of fiscal 2021.
·Cash Position: As of December 31, 2021, the company had $408.7 million in cash, cash equivalents and investments.

Recent Highlights:

SynBio and NGS

·Shipped products to approximately 1,800 customers in the first quarter of fiscal 2022, versus approximately 1,500 in the first quarter of fiscal 2021.
·Shipped approximately 125,000 genes during the first quarter of fiscal 2022, compared with approximately 84,000 in the first quarter of fiscal 2021.
·Previewed Twist Enzymatic Synthesis 3.0, a low-cost, scarless DNA synthesis process
·Introduced the Twist Alliance Canine Exome, a whole exome target enrichment panel to enable next generation sequencing in canine genomic research.
·Began shipping synthetic RNA positive controls for the SARS-CoV-2 omicron (B.1.1.529/BA.1) variants first identified in South Africa.
·Launched the Twist 96-Plex Library Prep Kit, a high-performance, cost-effective library preparation kit for next-generation sequencing (NGS). This product is a Twistified version of a product acquired through the iGenomX acquisition in 2021.
·Launched the Twist cfDNA Pan-cancer Reference Standards, a high-quality standardized control for use in the development and continuous monitoring of liquid biopsy tests capable of detecting cancer from blood samples.

BioPharma and DNA Data Storage

·Announced that RBT-0813, an innovative bispecific antibody discovered by Twist Biopharma and licensed to Revelar Biotherapeutics, binds to and neutralizes the Omicron and Delta variants of SARS-CoV-2 in live virus studies.
·Signed a strategic collaboration with Sosei Group Corporation to discover therapeutic antibodies against G protein-coupled receptors (GPCR) identified by Sosei Heptares.
·Signed an agreement with Artisan Development Labs Inc. to discover novel antibodies against five undisclosed targets, with an option to expand with additional targets.
·Announced a licensing agreement with Abcam under which Abcam will use a proprietary Twist VHH phage library for antibody discovery, development and commercialization for diagnostic and research applications.
·Announced the Century Archive, which we expect to be Twist’s first commercial DNA data storage solution.

Corporate

·Issued first ESG report which can be accessed at: View Source

Updated Fiscal 2022 Financial Guidance

The following statements are based on Twist’s current expectations for fiscal 2022. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under "Forward-Looking Statements" below.

For the full fiscal year 2022, Twist provided the following updated financial guidance:

·Revenue is now expected to be in the range of $189 million to $198 million
oSynBio revenue including Ginkgo Bioworks is expected to be in the range of $70 million to $72 million
oNGS revenue is estimated to be in the range of $94 to $96 million
oBiopharma revenue is estimated to be approximately $25 to $30 million
·Gross margin is expected to be between 35% and 37% for fiscal 2022 which reflects the impact of costs associated with ramping our Wilsonville "Factory of the Future" facility comes online; excluding these costs, gross margin would be 42% to 44%
·Operating expenses including R&D and SG&A are expected to be $335 million for the year
·Net loss is expected to be approximately $260 million, reflecting the impact of the Abveris acquisition in stock-based compensation
oR&D is expected to be approximately $130 million
oStock-based compensation is expected to be approximately $74 million
oDepreciation is expected to be $13 million
oCapital expenditures are expected to be $80-$90 million, including building out the "Factory of the Future"

Conference Call Information

The company plans to hold a conference call and live audio webcast for analysts and investors at 8:00 a.m. Eastern Time today to discuss its financial results and provide an update on the company’s business. The call can be accessed by dialing (866) 688-0947 (domestic) or (409) 217-8781 (international) and refer to the conference ID 3886933. A telephonic replay of the conference call will be available beginning approximately four hours after the call through February 11, 2022 and may be accessed by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international). The replay conference ID is 3886933. The webcast replay will be available for two weeks. If a participant will be listen-only, they are encouraged to listen via the webcast on Twist’s investor page.