WestPark Capital Announces Completion of $5.8 Million Registered Direct Offering Priced At-The-Market for Lixte Biotechnology Holdings, Inc. (Nasdaq: LIXT)

On April 13, 2022 WestPark Capital, Inc., a full-services investment bank and securities broker-dealer, reported the completion of a Registered Direct Offering for Lixte Biotechnology Holdings, Inc. (Nasdaq: LIXT), a clinical-stage drug discovery company developing pharmacologically active drugs for use in cancer treatment with certain institutional investors for $5.8 million of common stock (Press release, Lixte Biotechnology, APR 13, 2022, View Source [SID1234612175]). The Company issued a total of 2,900,000 shares of common stock, at a purchase price of $2.00 per share.

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WestPark Capital, Inc. acted as Co-Lead Placement Agent for the offering.

The shares of common stock are being offered by Lixte pursuant to a "shelf" registration statement on Form S-3 (File No. 333-252430) previously filed with the Securities and Exchange Commission (the "SEC") on January 26, 2021 and declared effective by the SEC on February 5, 2021. The offering of the securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

A prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at View Source or from: WestPark Capital, Inc. – Attention: Jason Stern, 1900 Avenue of the Stars, 3rd Floor, Los Angeles, CA 90077 or by Email: [email protected] or by telephone at (310) 203-2919.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Amneal Achieves Second U.S. Biosimilars Approval with ALYMSYS® (bevacizumab-maly)

On April 13, 2022 Amneal Pharmaceuticals, Inc. (NYSE: AMRX) ("Amneal" or the "Company") reported that the U.S. Food and Drug Administration (FDA) has approved the Company’s Biologics License Application (BLA) for bevacizumab-maly, a biosimilar referencing Avastin (Press release, Amneal Pharmaceuticals, APR 13, 2022, View Source [SID1234612174]). The product will be marketed under the proprietary name ALYMSYS and represents the third bevacizumab biosimilar approved in the U.S.

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ALYMSYS was developed by mAbxience, a global biotech company with over a decade of experience in the development, manufacture, and commercialization of biopharmaceuticals. Bevacizumab-maly is a vascular endothelial growth factor inhibitor used in oncology. This marks the second of three biosimilars approvals Amneal expects to receive this year in oncology, the second-largest biosimilar category in the U.S. Earlier this year, Amneal received approval of RELEUKO (filgrastim-ayow), a filgrastim biosimilar referencing Neupogen, and the Company’s pegfilgrastim biosimilar referencing Neulasta is currently under review by the FDA.

"With the U.S. approval of our second biosimilar, ALYMSYS, we are continuing our momentum and establishing our presence in the $28 billion U.S. biosimilars market. By combining partner assets with our own key capabilities, we are on a clear path to becoming a meaningful player in this high growth category. Biosimilars represent the next wave of affordable medicines in the U.S. and are closely aligned with our strategy to provide high quality, affordable medicines to as many patients as possible," said Chirag and Chintu Patel, Co-Chief Executive Officers.

"Through our strategic partnership with a market leader like Amneal, we are excited to see this important product enter the U.S. biosimilar market. For us, this is a great example of our globalization strategy materializing and how innovation and cutting-edge R&D technology can be applied to create high quality, affordable medicines that improve access to critical treatments," said Emmanuelle Lepine, Chief Executive Officer of mAbxience.

According to IQVIA, U.S. annual sales for bevacizumab for the 12 months ended February 2022 were $2.6 billion, $1.6 billion of which represented biosimilar sales.

ALYMSYS (bevacizumab-maly) in the U.S. is a vascular endothelial growth factor inhibitor indicated for the treatment of:

Metastatic colorectal cancer, in combination with intravenous fluorouracil-based chemotherapy for first or second-line treatment.
Metastatic colorectal cancer, in combination with fluoropyrimidine-irinotecan- or fluoropyrimidine-oxaliplatin-based chemotherapy for second-line treatment in patients who have progressed on a first-line bevacizumab product-containing regimen.
First-Line non-squamous non-small cell lung cancer, in combination with carboplatin and paclitaxel.
Recurrent glioblastoma in adults.
Metastatic renal cell carcinoma in combination with interferon alfa.
Persistent, recurrent, or metastatic cervical cancer, in combination with paclitaxel and cisplatin or paclitaxel and topotecan.
Epithelial ovarian, fallopian tube, or primary peritoneal cancer, in combination with paclitaxel
Limitations of Use: ALYMSYS is not indicated for adjuvant treatment of colon cancer.

ALYMSYS IMPORTANT SAFETY INFORMATION includes warnings and precautions on severe and fatal hemorrhage; arterial and venous thromboembolic events; hypertension, hypertensive crisis, and hypertensive encephalopathy; renal injury, proteinuria, and nephrotic syndrome; posterior reversible encephalopathy syndrome; embryo-fetal toxicity; ovarian failure; congestive heart failure; gastrointestinal perforations and fistula; surgery and wound healing complications, and infusion-related reactions.

ADVERSE REACTIONS

Reported adverse drug reactions in patients include epistaxis, hemorrhage, hypertension, exfoliative dermatitis, proteinuria, back pain, headache, rhinitis, taste alteration, dry skin, and lacrimation disorder.

For full prescribing information, see package insert located here.

Guardant Health to Report First Quarter Financial Results on May 5, 2022

On April 13, 2022 Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, reported it will report financial results for the first quarter 2022 after market close on Thursday, May 5, 2022 (Press release, Guardant Health, APR 13, 2022, View Source [SID1234612172]). Company management will be webcasting a corresponding conference call beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time.

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Live audio of the webcast will be available on the "Investors" section of the company website at: www.guardanthealth.com. The webcast will be archived and available for replay after the event.

Propanc Biopharma’s Management Explains Why They Believe Cancer Patients Are Likely to Respond to PRP Treatment

On April 13, 2022 Propanc Biopharma, Inc. (OTCQB: PPCB) ("Propanc" or the "Company"), a biopharmaceutical company developing novel cancer treatments for patients suffering from recurring and metastatic cancer, reported why the Company’s management team believes that cancer patients are likely to respond to PRP treatment (Press release, Propanc, APR 13, 2022, View Source [SID1234612171]). PRP is the Company’s lead product candidate for the treatment and prevention of metastatic cancer from solid tumors, which is the main cause of death for sufferers. PRP is currently advancing towards a Phase I, First-In-Human (FIH) study, in advanced cancer patients. PRP is a mixture of two proenzymes, trypsinogen and chymotrypsinogen from bovine pancreas administered by intravenous injection. A synergistic ratio of 1:6 inhibits growth of most tumor cells. Examples include kidney, ovarian, breast, brain, prostate, colorectal, lung liver, uterine and skin cancers.

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Clinical knowledge of proenzymes obtained demonstrates an increased likelihood of success compared to drug products entering Phase I without prior human experience. For any new molecule entering Phase I clinical trials without any prior human experience, or clinical testing, the probability of success can be relatively small at only around 10%, as discussed by Derek Lowe, Science journal, May 2019. However, the clinical efficacy of a suppository formulation containing bovine pancreatic proenzymes trypsinogen and chymotrypsinogen was evaluated via a compassionate use study and the results published in a peer reviewed journal, Scientific Reports. Clinical effects were studied in 46 patients with advanced metastatic cancers of different origin (prostate, breast, ovarian, pancreatic, colorectal, stomach, non-small cell lung, bowel cancer and melanoma) after treatment with a rectal formulation of both pancreatic proenzymes. No severe or serious adverse events related to the rectal administration were observed. Patients did not experience any hematological side effects as typically seen with classical chemotherapy regimens. No allergic reactions after rectal administration of suppositories were observed.

In order to assess the therapeutic activity of rectal administration, overall survival of patients under treatment was compared to the life expectancy assigned to a patient prior to treatment start. Nineteen from 46 patients (41.3%) with advanced malignant diseases, most of them suffering from metastases, had a survival time significantly longer than their expected, in fact, for the whole set of cancer types, mean survival (9.0 months) was significantly higher than mean life expectancy (5.6 months). Although the number of patients per cancer indication is quite low, 3 out of 8 patients with prostate cancer and 5 out of 11 patients with gastrointestinal cancers appear to particularly benefit from the treatment with the proenzyme suppositories.

Furthermore, Novak and Trnka reported 19 terminal patients pronounced incurable or released from traditional cancer care were treated with a proenzyme suppository formulation (2005). Eight of these patients responded by a multiyear survival, free of the major complications seen with traditional drug therapies.

PRP will be administered by intravenous injection at higher doses which is expected to increase the exposure of the proenzymes at the tumor site, and may result in increased therapeutic efficacy. PRP has undergone extensive preclinical and safety toxicology testing, resulting in the identification of a maximum tolerated and feasible dose in order to establish a safe starting dose in the FIH study in advanced cancer patients. As a result, the identified safe starting dose is much higher than the original dose administered via the suppository formulation. Furthermore, the 1:6 ratio of trypsinogen to chymotrypsinogen in the PRP formulation exhibits highly synergistic anti-cancer effects against solid tumors. Finally, administration by intravenous injection will maximize exposure in the blood, versus per rectal administration via a suppository, which can result in patient-to-patient variability as a result of absorption across a mucous membrane.

PRP is a targeted cancer therapy and leaves healthy cells alone. Most standard treatment approaches take advantage of the uncontrolled proliferation of cancer cells and kill these cells by targeting the cell division machinery. These therapies are effective, but affect healthy cells as well, particularly those with a high rate of cell turnover, inducing undesirable side effects. Since PRP does not target replicating cells, it is unlikely to affect healthy cells and will suppress undesirable effects from cancer.

Trypsinogen and chymotrypsinogen are pancreatic proenzymes which are also produced by the pancreas and therefore endogenous (originating from) within the human body. PRP is a biological formulation and the pancreatic proenzymes are therefore less likely to induce toxic effects compared to standard treatments which are synthetic and therefore induce toxic effects. However, PRP active ingredients are extracted and purified from bovine sources to over 95% purity, to ensure it can be accepted to pharmaceutical standards and administered by intravenous injection. Given the source of the proenzymes, the potential for immunogenicity due to cross species reactivity will need to be monitored carefully. However, no evidence of immunogenicity was observed during the compassionate use study or the preclinical safety toxicology studies undertaken.

Dr Kenyon, Propanc’s Chief Scientific Officer said, "After many years of research, I believe patients are likely to respond to PRP treatment based on my clinical experience with late-stage cancer patients who had exhausted treatment options, as well as the extensive preclinical activities undertaken to establish the science, the mode of action, and the optimal formulation identification, resulting in our lead product candidate, PRP, which is set to advance into a FIH study."

"Early-stage clinical development of new oncology drugs are often associated with a relatively small success rate, but we are excited about the potential of PRP, where our management team believes the scientific and clinical evidence reduces these risks considerably," said James Nathanielsz, Propanc’s Chief Executive Officer. "We look forward to entering early-stage clinical development of PRP and believe in the potential of PRP as a long-term therapeutic approach for the treatment and prevention of metastatic cancer."

PharmaCyte Biotech to Accelerate Preparations for Start of Pancreatic Cancer Clinical Trial

On April 13, 2022 PharmaCyte Biotech, Inc. (NASDAQ: PMCB), a biotechnology company focused on developing cellular therapies for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box, reported that PharmaCyte has decided to accelerate preparations for the start of its Phase 2b clinical trial in locally advanced, inoperable pancreatic (LAPC) using its CypCapsTM clinical trial product (Press release, PharmaCyte Biotech, APR 13, 2022, View Source [SID1234612169]).

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PharmaCyte’s Chief Executive Officer, Kenneth L. Waggoner, said of accelerating enrollment of the first patient, "The plan is to begin the work now to prepare for the enrollment of the first patient so that we can begin the trial almost immediately upon getting the clinical hold lifted.

"Because we continue to receive favorable results from each of the studies that we have conducted to satisfy the FDA’s requirements and because of the company’s financial position, we are ideally situated to begin the work necessary to enroll the first patient now to run parallel with the work being done to get the clinical hold lifted. Previously, our plan was to begin the work to commence a clinical trial in LAPC after the FDA lifted the clinical hold."

The work to enroll the first patient includes finalizing the (i) clinical trial protocol; (ii) pharmacy manual; (iii) investigator’s brochure; (iv) angiography manual; (v) informed consent; and (vi) drug product label.

PharmaCyte will also need to reengage with Medpace, the Contract Research Organization that PharmaCyte has selected to conduct its proposed clinical trial. PharmaCyte will also need to reengage its subcontractors who will assist Medpace. Catalent Pharma Solutions, PharmaCyte’s supply chain vendor, must also be reengaged and the supply chain requirements must be updated.

Clinical trial syringes containing CypCaps will need to be manufactured and delivered to Catalent’s locations throughout the U.S. for storage and distribution for the clinical trial. Those syringes have already been ordered from Austrianova and are in the process of being manufactured.

The final list of cancer centers will need to be selected and contracts must be negotiated and finalized with each center.

Also, the lead interventional radiologist must be selected, a training film must be developed, and the lead interventional radiologist will need to train additional interventional radiologists.

To learn more about PharmaCyte’s pancreatic cancer treatment and how it works inside the body to treat locally advanced, inoperable pancreatic cancer, we encourage you to watch PharmaCyte’s documentary video complete with medical animations at: View Source