Medikine Initiates First Clinical Trial of its Lead Program, an Interleukin-7 Mimetic, Under Management Team with Expertise in Next-Generation Cytokine Drug Discovery and Development

On July 19, 2022 Medikine, Inc., a biopharmaceutical company developing transformative therapeutics for cancer, autoimmune disorders, and infectious diseases using its novel PEPTIKINE technology, reported it has initiated dosing of MDK-703, an extended half-life IL-7 mimetic (Press release, Medikine, JUL 19, 2022, View Source [SID1234616778]). The Phase 1 clinical trial, in healthy volunteers, will evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of single, ascending intramuscular doses of MDK-703 compared to placebo. Top-line results from the clinical trial are expected in the fourth quarter of 2022.

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MDK-703 is the First IL-7 Mimetic to be Studied in Humans

MDK-703 is an investigational biologic drug incorporating an IL-7 PEPTIKINE discovered using Medikine’s platform technology. Medikine’s PEPTIKINES are substantially smaller molecules than the cytokines they emulate, structurally unrelated to natural cytokines, engineered for low immunogenicity, and readily amenable to incorporating targeting and other pharmacological features.

IL-7 is a cytokine critical for the development and maintenance of T cells, including enhancing generation, function, and survival of memory T cells. In oncology, treatments with these biological attributes, alone or in combination with other immune-based therapies, may enhance the rate, depth, and durability of clinical response. In addition to these anti-tumor properties, MDK-703 has the beneficial property that it will not generate anti-drug antibodies (ADAs) that neutralize native IL-7, an issue previously observed with IL-7 agents that have been studied in humans. The company plans to investigate MDK-703 in solid tumors following the completion of the Phase 1 clinical trial in healthy volunteers.

Medikine has shown that MDK-703 behaves similarly to IL-7 in human immune cell in vitro studies and in humanized mice and non-human primates in vivo studies. In addition to increasing the total number of CD8 T cells and CD4 T cells, MDK-703 increased the number of memory T cells, particularly T memory stem (TSCM) cells. TSCM cells are a subset of memory T cells that have the potential to self-renew and differentiate, thereby reconstituting the entire spectrum of memory and effector cell types.1 In addition, MDK-703 had negligible-to-no impact on the expansion of CD4 T regulatory and natural killer (NK) cell populations.

"Based on preclinical data, we believe that MDK-703 has best-in-class potential, with biology consistent with facilitating the differentiation, maintenance, and survival of the T cell subsets that are critical for durable anti-tumor activity in humans. The initial study of MDK-703 in healthy subjects is designed to provide important proof-of-pharmacology that is relevant to cancer treatment, including the impact on specific T-cell populations and the lack of neutralizing IL-7 ADAs," commented Dr. Joseph Leveque, president and chief medical officer of Medikine.

Medikine Applies Expertise in PEPTIKINE Technology to Next-Generation Cytokine Drug Development

Medikine’s founding team of Ronald W. Barrett, Ph.D. (chief executive officer and chairman of the Board), William J. Dower, Ph.D. (scientific advisor), and Michael C. Needels, Ph.D. (chief technology officer), have worked together since the 1990s. They are experts in peptide library technology and its application to the discovery of cytokine receptor agonists and antagonists. Their groundbreaking work at the Affymax Research Institute resulted in the discovery of peptide mimetics of erythropoietin and thrombopoietin. At Medikine, they have been taking this concept to a new level of sophistication and utility by engineering novel PEPTIKINES for multi-subunit cytokine receptors.

As Medikine moves from PEPTIKINE discovery research into clinical development, the company’s leadership team is well prepared with the recent addition of Joseph Leveque, M.D., as president and chief medical officer, and Marcos Milla, Ph.D., as interim chief scientific officer. Dr. Leveque previously has held senior executive and therapeutic area leadership roles at Mirati Therapeutics, Synthorx, ARMO BioSciences, Bristol Meyers Squibb, and Amgen. Dr. Milla is currently a venture partner at Samsara BioCapital and was previously chief scientific officer at Synthorx, head of Therapeutics Discovery at Adaptive Biotechnologies, and head of Emerging Science and Innovation of Janssen Discovery Sciences. Research by Drs. Leveque and Milla at Synthorx to discover and develop a "non-alpha" IL-2 derivative led to Synthorx’s acquisition by Sanofi for $2.5 billion in late 2019.

Dr. Milla commented, "With its versatile drug discovery platform, Medikine is well-positioned to develop transformative therapies for cancer and other serious diseases. I am particularly intrigued by the pharmacology of MDK-703, with its unique action on key T cell memory populations of great importance to find and destroy cancer cells―one that I believe could offer advantages over other cytokine-based therapies in development. I am thrilled to help realize the possibilities of this lead program and the rest of Medikine’s pipeline."

Medikine’s Pipeline of PEPTIKINE Therapeutics

In addition to its lead product candidate, MDK-703, Medikine also has identified novel PEPTIKINES that activate the IL-2/15βγ receptor complex. The company is exploring their use for engineering bispecific cytokine mimetics with differentiated profiles, including an IL-7 and IL-2/15βγ dual receptor agonist, and a cell-targeted IL-2/15βγ attenuated receptor agonist. Medikine also has identified multiple high-affinity peptide ligands for both subunits of the IL-18 receptor that do not bind to the IL-18 decoy soluble receptor. Medikine is exploring the use of these peptide ligands as part of IL-18 PEPTIKINES.

Scholar Rock to Participate in the 2022 Wedbush PacGrow Healthcare Conference

On July 19, 2022 Scholar Rock (NASDAQ: SRRK), a Phase 3, clinical-stage biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, reported that management will participate in the "Muscle Beach" panel for the 2022 Wedbush PacGrow Healthcare Conference, being held virtually on August 9, 2022, at 2:20 pm ET (Press release, Scholar Rock, JUL 19, 2022, View Source [SID1234616777]).

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A live webcast of the panel may be accessed by visiting the Investors & Media section of the Scholar Rock website at View Source An archived replay of the webcast will be available on the Company’s website for approximately 90 days following the presentation.

Persephone Biosciences Closes $15M Seed Financing Round

On July 19, 2022 Persephone Biosciences Inc., a synthetic biology company reimagining patient and infant health through the development of microbiome-based medicines, reported that it has closed a $15 million seed financing round (Press release, Persephone Biosciences, JUL 19, 2022, View Source [SID1234616776]). The round was co-led by First Bight Ventures and Propel Bio Partners, and included investments from Y Combinator, Fifty Years, Susa Ventures, American Cancer Society’s BrightEdge Fund, Pioneer Fund, and ZhenFund among others.

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"This financing is a significant milestone for Persephone and the culmination of years of thoughtful engagement with forward-thinking investors and individuals who are committed to the vast potential of our platform and technology," said Stephanie Culler, CEO and Co-founder of Persephone Biosciences. "We plan to deploy this capital to further expand our research and clinical programs across a range of therapeutic areas, as well as pursue new collaborations. With our ARGONAUT study ramping up, it is an exciting time for us. We are grateful for the support of all our stakeholders and their commitment and confidence in our vision."

Persephone was founded to leverage a unique understanding of the microbiome as a therapeutic approach for a number of indications, including infant health and oncology. The company’s ARGONAUT trial (NCT04638751) is the largest study ever conducted in the U.S. to identify biomarkers for cancer treatment and prevention by mapping the gut-immune axis. In December 2021, Persephone announced that Janssen Biotech, one of Janssen Pharmaceutical Companies of Johnson & Johnson, would collaborate with the company on the colorectal cancer patient arm of ARGONAUT, and on an arm of additional healthy individuals with varying cancer risk. Then in April 2022, Persephone announced a collaboration with Ginkgo Bioworks to enable the synthetic biology tools needed to develop the next generation of microbial therapies.

Fulgent Genetics to Announce Second Quarter 2022 Financial Results on Thursday, August 4, 2022

On July 19, 2022 Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "Company"), a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health, reported that it will release its second quarter 2022 financial results after the market closes on Thursday, August 4, 2022 (Press release, Fulgent Genetics, JUL 19, 2022, View Source [SID1234616775]). The company’s Chairman and Chief Executive Officer Ming Hsieh, Chief Financial Officer Paul Kim, Chief Commercial Officer Brandon Perthuis, and Chief Medical Officer Dr. Larry Weiss will host a conference call for the investment community the same day at 4:30 PM ET (1:30 PM PT) to discuss the results and answer questions.

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The call can be accessed through a live audio webcast in the Investors section of the company’s website, View Source, and through a live conference call by dialing (888) 221-3881 using the confirmation code 6448347. An audio replay will be available in the Investors section of the company’s website.

NorthStar Medical Radioisotopes Announces Supply Agreement with Clovis Oncology for Therapeutic Radioisotope Actinium-225 (Ac-225)

On July 19, 2022 NorthStar Medical Radioisotopes, LLC, a global innovator in the development, production and commercialization of radiopharmaceuticals used for therapeutic applications and medical imaging, reported the signing of a long-term supply agreement with Clovis Oncology, Inc. (NASDAQ: CLVS) for the therapeutic medical radioisotope, actinium-225 (Ac-225) (Press release, NorthStar Medical Radiostopes, JUL 19, 2022, View Source [SID1234616774]). Under terms of the agreement, NorthStar will provide Clovis with its environmentally preferred, high purity non-carrier-added (n.c.a.) Ac-225. Clovis plans to use NorthStar’s Ac-225 to radiolabel its lead peptide-targeted radionuclide therapeutic candidate currently in development, FAP-2286, which targets fibroblast activation protein (FAP), a promising theranostic target with expression across many tumor types.

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Ac-225 is a high energy alpha-emitting radioisotope of increasing interest for clinical studies investigating the use of targeted radiopharmaceutical therapy (RPT), which combines select molecules with therapeutic radioisotopes, such as Ac-225, to directly target and deliver therapeutic doses of radiation to destroy cancer cells in patients with serious disease. Ac-225 carries sufficient radiation to cause cell death in a localized area of targeted cells, while its half-life limits unwanted radioactivity in patients. Clinical research and commercial use of Ac-225 are severely constrained by chronic short supply due to limitations of current production technology. NorthStar is positioned to be the first commercial-scale producer of Ac-225 for advancing clinical research and commercial radiopharmaceutical products. NorthStar will use its environmentally preferred electron accelerator technology to produce n.c.a. Ac-225, that is free of long-lived radioactive contaminants and byproducts associated with other production methods, which pose regulatory and waste management challenges for contract development and manufacturing organizations, hospitals, health systems and academic institutions.

"We are very pleased to enter this Ac-225 supply agreement with Clovis Oncology, and we look forward to working with them moving forward," said Stephen Merrick, Chief Executive Officer of NorthStar Medical Radioisotopes. "Our companies share a vision of developing and delivering innovative technology and compounds to drive research and ensure clinical availability of targeted radiopharmaceutical therapies for patients with cancer. NorthStar is applying the same development expertise to rapidly advance large-scale production of n.c.a. Ac-225 that has positioned us at the forefront of U.S. radioisotope production as the only commercialized producer of the important medical radioisotope molybdenum-99 (Mo-99). Construction is now underway on our dedicated, state-of-the-art Actinium-225 Production facility, with initial production of radiochemical grade Ac-225 planned for late 2023, and a Drug Master File to be submitted in 2024, which, upon acceptance by the FDA, will allow NorthStar to provide cGMP grade Ac-225."

"As part of Clovis Oncology’s commitment to developing peptide-targeted radionuclide therapeutic and imaging compounds, we recognize the importance of working with partners like NorthStar, whose knowledge and expertise can support our strategic goals," said Patrick J. Mahaffy, President and CEO of Clovis Oncology. "Our lead compound, FAP-2286, offers the potential to address a variety of solid tumors, as monotherapy and in combination, and working with NorthStar enables us to explore different modalities in this emerging class of cancer therapeutics."