Revision of Consolidated Financial Forecasts for Fiscal Year Ended March 31, 2022

On April 26, 2022 KYORIN Holdings, Inc., reported that, the Company made the following revisions to the consolidated earnings forecasts for the fiscal year ended March 31, 2022 disclosed on May 11, 2021 (at the time of the financial results announcement) based on the current business performance (Press release, Kyorin, APR 26, 2022, View Source [SID1234612945]).

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1. Revision of consolidated financial forecasts for fiscal year ended March 31, 2022
2. Reason for revision of consolidated financial forecast Forecast of consolidated net sales have been revised upward, as sales of long-listing products and generic drugs has exceeded our forecast due to effect by supply shortage triggered by quality violation stemming from several generic companies.

In terms of profits, gross profit increased owing to better than expected sales and SG&A expenses (including R & D expenses) are expected to be in line with forecast, so we have revised operating income, ordinary income and profit attributable to owners of parent upward.

There is no change to the dividend forecast announced on May 11, 2021 (annual dividend of 52 yen per share).Supplementary material

1. About Consolidated Net Sales
2. About Main Product Sales

Kintara Therapeutics to Present at the Planet MicroCap Showcase 2022

On April 26, 2022 Kintara Therapeutics, Inc. (Nasdaq: KTRA) ("Kintara" or the "Company"), a biopharmaceutical company focused on the development of new solid tumor cancer therapies, reported that President and CEO Robert E. Hoffman will present a corporate overview at the Planet MicroCap Showcase 2022 (Press release, Kintara Therapeutics, APR 26, 2022, View Source [SID1234612944]). The conference is being held on May 3 – 5, 2022 at The Bally’s Hotel & Casino in Las Vegas, NV.

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Mr. Hoffman will be available for one-on-one meetings. To request a meeting and to register for the conference, click here: View Source

Iovance Biotherapeutics to Host First Quarter Financial Results Conference Call and Webcast on Thursday, May 5, 2022

On April 26, 2022 Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a late-stage biotechnology company developing novel T cell-based cancer immunotherapies, reported that it will report its first quarter financial results on Thursday, May 5, 2022 (Press release, Iovance Biotherapeutics, APR 26, 2022, View Source [SID1234612943]). Management will host a conference call and live audio webcast to discuss these results and provide a corporate update at 4:30 p.m. ET.

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To participate in the conference call, please dial 1-844-646-4465 (domestic) or 1-615-247-0257 (international) and reference the access code 4655146. The live webcast can be accessed in the Investors section of the Company’s website at www.iovance.com. The archived webcast will also be available for one year in the Investors section at www.iovance.com.

Symeres acquires Massachusetts-based Organix Inc., adding lipids expertise and creating a strategic foothold in the US market

On April 26, 2022 Symeres reported the acquisition of Organix, a US-based provider of high-quality organic chemistry services (Press release, Symeres, APR 26, 2022, View Source [SID1234612940]). The company is dedicated to the discovery and preclinical stage of the drug-discovery value chain, with a focus on lipids and small molecules. Organix has 47 employees, the majority of which have a PhD in chemistry, and is based in Woburn, in the Boston, MA, area. Its revenue is mainly generated from the sale of specialized and complex organic chemistry research services to biopharma clients.

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Symeres and Organix are highly complementary, and the combination unlocks significant strategic value. Organix represents a high-quality foothold into the US market, where Symeres already generates about 40% of its revenues. Furthermore, Organix broadens the Symeres drug-discovery offering into the fast-growing lipids market, addressing mRNA therapeutics and vaccines. Organix’s impressive client list includes some of the world’s leading biopharma companies, many based in the Boston biopharma community. Organix management will remain unchanged; the company is led by Dr. Anu Mahadevan, CEO, and Dr. Paul Blundell.

Symeres CEO Eelco Ebbers is very pleased to quickly integrate Organix into the Symeres group: "Organix is widely known as being highly innovative and an expert organic chemistry services provider that is able to solve complex projects for top-tier clients globally. Joining forces represents a fantastic opportunity for us to expand our drug-discovery-capability offering and provide an exceptional high-quality foothold into the US market."

As the majority shareholder in Symeres, Keensight Capital has worked together with the management team of the two companies to facilitate this combination. Amit Karna, Partner at Keensight Capital, comments: "We are delighted to support Symeres in this exciting acquisition of Organix. We are certain that the resulting business will create a truly differentiated transatlantic offering for the biopharma industry, with significant expertise in molecule design, synthesis, and early-stage clinical manufacturing. Moreover, the scientific and cultural fit of the two organizations could not be more perfect, and we are excited to see what the management teams will achieve together."

Oncoc4 Announces Fast Track Designation Granted By The U.S. FDA For ONC-392 Monotherapy In PD(L)1-Resistant NSCLC

On April 25, 2022 OncoC4, Inc., a clinical stage biopharma company developing novel immunotherapies for cancer, reported that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to ONC-392, the Company’s next-gen anti-CTLA-4 monoclonal antibody (mAb) that preserves the CTLA-4 immune checkpoint function, as a single agent for the treatment of patients with metastatic non-small cell lung carcinoma (NSCLC) who have had disease progression on prior anti-PD-(L)1 therapy (Press release, BioNTech, APR 25, 2022, View Source [SID1234655987]).

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"We are grateful for the Fast Track designation for ONC-392, which underscores the unmet need for new treatment options for patients with PD(L)-1-resistant NSCLC," said Yang Liu, PhD, co-founder, CEO and Chief Scientific Officer of OncoC4. "We look forward to more frequent interactions with the FDA to accelerate our clinical development path as we seek to bring this promising drug candidate to patients as expeditiously as possible. Our Phase 1b dose expansion study is ongoing for multiple indications, including PD(L)1-resistant NSCLC, with pivotal studies being planned in the near term."

Fast Track designation is intended to facilitate the development and expedite the review of new therapeutics for the treatment of serious or life-threatening conditions where there is an unmet medical need. The ONC-392 program may be eligible for more frequent meetings with the FDA to discuss the drug’s development plan ensuring collection of appropriate data needed to support approval, and more frequent written communications with the FDA regarding topics such as the design of the proposed clinical trials. Fast Track programs also have eligibility for rolling review as well as eligibility for Accelerated Approval and Priority Review if relevant criteria are met.

ONC-392 is currently in Phase 1 clinical testing to evaluate safety, pharmacokinetics, and efficacy as monotherapy and in combination with anti-PD-1 standard of care in advanced solid tumors and NSCLC (PRESERVE-001; NCT04140526). In recently completed Parts A and B of the study, OncoC4 observed promising clinical activity of ONC-392 in PD(L)1-resistant cancer, including NSCLC.

About NSCLC: Lung cancer, of which 84% are NSCLC, accounts for 25% of all cancer deaths, more than any other cancer, in the United States. Immunotherapy targeting PD(L)1 has been transformative for NSCLC in terms of lives saved. Unfortunately, most lung cancer remains resistant to PD(L)1-targeting therapy, and PD(L)1-resistant NSCLC is one of the biggest challenges for cancer immunotherapy and a huge unmet medical need. CTLA-4 is another clinically validated target although no CTLA-4-targeting drug has been approved as monotherapy for lung cancer.

About ONC-392: Based on decades of research led by OncoC4 co-founders, Drs. Yang Liu and Pan Zheng, OncoC4 is developing ONC-392, a nextgen anti-CTLA-4 mAb that most effectively and selectively eliminates regulatory T cells, a major culprit of immune evasion, in the tumor microenvironment. Unlike traditional anti-CTLA-4 antibodies, ONC-392 does not cause lysosomal degradation of CTLA-4 and thus preserves the immune tolerance checkpoint function of CTLA-4 in the rest of the body. As a result, ONC-392 has a much-improved therapeutic index compared to other CTLA-4-targeting drugs.

About the PRESERVE-001 Trial (NCT04140526): The trial is conducted to assess the safety, pharmacokinetics, and efficacy of ONC-392 as a single agent in advanced solid tumors and in combination with anti-PD(L)1 standard of care in Non- Small Cell Lung Cancer and other solid tumors. The study consists of three linked parts: Part A is a dose-finding rapid titration study of ONC-392 as a single agent in patients with advanced solid tumors of various histologies to define the recommended Phase II dose for ONC-392 monotherapy (RP2D-M); Part B is dose-finding for combination with standard dose of pembrolizumab (Part B) to define the Recommended Phase II dose for ONC-392 combination therapy (RP2D-C); and Part C comprises expansion cohorts of ONC-392 in monotherapy and in combination therapy with pembrolizumab to determine safety and initial efficacy.