BeiGene Receives Positive CHMP Opinion for BRUKINSA® (zanubrutinib) for the Treatment of Adults with Marginal Zone Lymphoma

On September 19, 2022 BeiGene (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global biotechnology company focused on developing innovative and affordable oncology medicines to improve treatment outcomes and access for patients worldwide, reported that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has issued a positive opinion recommending approval of BRUKINSA (zanubrutinib) for the treatment of adult patients with marginal zone lymphoma (MZL) who have received at least one prior anti-CD20-based therapy (Press release, BeiGene, SEP 19, 2022, View Source [SID1234619638]).

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"There are currently no BTK inhibitors approved for MZL in Europe and with this positive opinion, we are one step closer to bringing forward a chemotherapy-free treatment option for this rare blood cancer. We look forward to a decision from the European Commission in the coming months," said Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology at BeiGene. "We have undertaken a broad development program to evaluate BRUKINSA as a potential treatment for various B-cell malignancies in over 4,500 patients, which continues to generate evidence to support BRUKINSA as an effective and well-tolerated treatment option for blood cancer patients around the world."

The CHMP recommendation is based on positive results from the Phase 2, open-label, multicenter, single-arm MAGNOLIA trial (NCT03846427) in 66 patients with relapsed or refractory (R/R) MZL who received at least one anti-CD20-based regimen. In the study, the overall response rate (ORR) was 68% (95% CI: 55.6, 79.1) with 26% of patients achieving complete response (CR) and 42% achieving partial response (PR). The median time to response was 2.8 months (range: 1.7 to 11.1 months) and ORRs for MZL subtypes extranodal, nodal, splenic, and unknown were 64%, 76%, 67%, and 50%, respectively.

BRUKINSA demonstrated favorable and well-defined tolerability consistent with its known safety profile. The most common (≥30%) adverse reactions, including laboratory abnormalities, in the pooled safety population of 847 patients were decreased neutrophil count, upper respiratory tract infection, decreased platelet count, and hemorrhage. The observed cardiac safety profile was consistent with previous BRUKINSA studies, with low rates of atrial fibrillation (3%) and atrial flutter (0.4%). BRUKINSA was well-tolerated, as demonstrated by low rates of discontinuation due to adverse events (6%).

Pier Luigi Zinzani, MD., PhD., Full Professor of Haematology at the Institute of Haematology "Seràgnoli", University of Bologna, Italy commented, "Marginal zone lymphoma encompasses a number of subtypes. As a highly selective BTK inhibitor, the clinical trial data for BRUKINSA showed deep and sustained overall responses regardless of subtype, along with a well-established safety profile. If approved, BRUKINSA has the potential to deliver meaningful outcomes for MZL patients in Europe who otherwise have no approved treatment options."

"This opinion is an important milestone as we work to bring a BTK inhibitor for the first time to European MZL patients," notes Gerwin Winter, Senior Vice President, Head of Europe at BeiGene. "We look forward to combining our global scale and local expertise to deliver innovative medicines to patients across Europe."

Following the CHMP positive opinion, the European Commission will consider BeiGene’s Marketing Application, with a final decision expected within 67 days of the CHMP opinion. The decision will be applicable to all 27 member states of the European Union (EU) plus Iceland and Norway. BRUKINSA is currently approved in the EU for the treatment of adult patients with Waldenström’s macroglobulinemia (WM) who have received at least one prior therapy or for the first-line treatment of patients unsuitable for chemo-immunotherapy.

BeiGene has obtained reimbursement for BRUKINSA for the treatment of Waldenström’s macroglobulinemia in Austria, Belgium, Denmark, England and Wales, Germany, Ireland, Spain, and Switzerland while additional EU countries are currently going through the reimbursement process.

About Marginal Zone Lymphoma
MZL is a group of ultra-rare, slow growing B-cell malignancies that begin in the marginal zones of lymph tissue.i Epidemiological data from Europe is limited, but the incidence rate of MZL is estimated to range between 20 and 30 per million per year.ii,iii,iv There are three different subtypes of MZL: extranodal marginal zone B-cell lymphoma, or mucosa-associated lymphoid tissue (MALT), which is most common; nodal marginal zone B-cell lymphoma which develops in the lymph nodes and is rare; and splenic marginal zone B-cell lymphoma which develops in the spleen, bone marrow, or both, and is the rarest form of the disease.v

About BRUKINSA
BRUKINSA is a small molecule inhibitor of Bruton’s tyrosine kinase (BTK) discovered by BeiGene scientists that is currently being evaluated globally in a broad clinical program as a monotherapy and in combination with other therapies to treat various B-cell malignancies. Because new BTK is continuously synthesized, BRUKINSA was specifically designed to deliver targeted and sustained inhibition of the BTK protein by optimizing bioavailability, half-life, and selectivity. With differentiated pharmacokinetics compared to other approved BTK inhibitors, BRUKINSA has been demonstrated to inhibit the proliferation of malignant B cells within a number of disease relevant tissues.

BRUKINSA is supported by a broad clinical program which includes more than 4,500 subjects in 35 trials across 28 markets. To date, BRUKINSA has received more than 20 approvals covering more than 50 countries and regions, including the United States, China, the EU, Great Britain, Canada, Australia, and additional international markets. Currently, more than 40 additional regulatory submissions are in review around the world.

BeiGene Oncology
BeiGene is committed to advancing best- and first-in-class clinical candidates internally or with like-minded partners to develop impactful and affordable medicines for patients across the globe. We have a growing R & D and medical affairs team of approximately 3,300 colleagues dedicated to advancing more than 100 clinical trials that have involved more than 16,000 subjects. Our expansive portfolio is directed predominantly by our internal colleagues supporting clinical trials in more than 45 countries and regions. Hematology-oncology and solid tumor targeted therapies and immuno-oncology are key focus areas for the Company, with both mono- and combination therapies prioritized in our research and development. BeiGene currently has three approved medicines discovered and developed in our own labs: BTK inhibitor BRUKINSA in the U.S., China, the European Union, Great Britain, Canada, Australia, and additional international markets; and the non-FC-gamma receptor binding anti-PD-1 antibody, tislelizumab, as well as the PARP inhibitor, pamiparib, in China.

BeiGene also partners with innovative companies who share our goal of developing therapies to address global health needs. We commercialize a range of oncology medicines in China licensed from Amgen, Bristol Myers Squibb, EUSA Pharma and Bio-Thera. We also plan to address greater areas of unmet need globally through our other collaborations including with Mirati Therapeutics, Seagen, and Zymeworks.

In January 2021, BeiGene and Novartis announced a collaboration granting Novartis rights to co-develop, manufacture, and commercialize BeiGene’s anti-PD1 antibody, tislelizumab, in North America, Europe, and Japan. Building upon this productive collaboration, BeiGene and Novartis announced an option, collaboration, and license agreement in December 2021 for BeiGene’s TIGIT inhibitor, ociperlimab, that is in Phase 3 development. Novartis and BeiGene also entered into a strategic commercial agreement through which BeiGene will promote five approved Novartis Oncology products across designated regions of China.

Allakos Announces Pricing of $150 Million Underwritten Offering of Common Stock

On September 19, 2022 Allakos Inc. (Nasdaq: ALLK), a biotechnology company developing lirentelimab (AK002) and AK006 for the treatment of allergic and inflammatory diseases, reported the pricing of an underwritten offering of 29,882,000 shares of its common stock at an offering price of $5.02 per share (Press release, Allakos, SEP 19, 2022, View Source [SID1234619637]). Investors who have agreed to purchase shares in the offering include Logos Capital, Alta Partners, Braidwell LP, BVF Partners L.P., Commodore Capital, Deep Track Capital, Frazier Life Sciences, New Enterprise Associates (NEA), RTW Investments, L.P., Surveyor Capital (a Citadel Company), TCGX, and Vivo Capital. Before deducting the underwriting discounts and commissions and estimated offering expenses, the company expects to receive total gross proceeds of approximately $150 million. All of the shares are to be sold by the company. The offering is expected to close on or about September 21, 2022, subject to satisfaction of customary closing conditions.

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Jefferies is acting as the lead book-running manager and Cowen and LifeSci Capital are acting as joint book-running managers for the offering.

The shares are being offered by the company pursuant to a Registration Statement on Form S-3 previously filed and declared effective by the SEC. A prospectus supplement and accompanying prospectus relating to the offering will also be filed with the SEC. These documents can be accessed for free through the SEC’s website at www.sec.gov.

When available, a copy of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from:

Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by email at [email protected], or by telephone at (877) 821-7388; or

Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by email at [email protected] or by telephone at (833) 297-2926.

LifeSci Capital LLC, Attention: Syndicate Prospectus Department, 250 West 55th Street, 34th Floor, New York, NY 10019, by email at [email protected], or by telephone at (646) 876-5059.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

Invitation to Roche’s 3rd Quarter Sales 2022 Webinar

On September 19, 2022 Roche reported that it will publish its Sales Results for the 3rd Quarter of 2022 prior to the opening of the Swiss Stock Exchange on Tuesday, 18 October 2022 (Press release, Hoffmann-La Roche, SEP 19, 2022, View Source [SID1234619636]).

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Theradiag announces its results for the first half of 2022: breaking-even and confirming its ability to be structurally profitable from early 2023

On September 19, 2022 THERADIAG (ISIN: FR0004197747, Ticker: ALTER), a company specializing in in vitro diagnostics and Theranostics, reported its half-year results to June 30, 2022, as approved by the Board of Directors on September 15, 2022 (Press release, Theradiag, SEP 19, 2022, View Source [SID1234619635]).

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Bertrand de Castelnau, Theradiag’s CEO, commented: "In the first half of 2022, Theradiag was able to deploy solid commercial momentum within a healthier cost structure. The financial indicators on our traditional scope of activity thus substantially improved over the semester. Indeed, we increased our net result by 38% despite the fact that this figure had benefited from an exceptional contribution of €150 thousand from Covid activity in the first half of 2021. Over the period, we also continued our investments in all strategic domains to drive future profitable growth. Buoyed by this very positive trend, we will continue to apply our strategic plan with a view to achieving a structurally positive margin from 2023".

"Thanks to the concerted efforts of all its teams and to the strategic reorientation initiated in recent semesters, Theradiag is continuing its progress towards profitability, which should be achieved by early 2023 at the latest. Furthermore, Theradiag has amazing development potential, given the size of the biotherapy monitoring market and its regular growth. Theradiag will thus continue to deploy all of its strategic tools to ensure its successes on this fast-growing market", added Pierre Morgon, Chairman of Theradiag’s Board of Directors.

2 Solid growth in activity thanks to the recurring dynamism of Theranostics and to market opportunities in In Vitro Diagnostics

Over the six months to June 30, 2022, Theradiag generated revenue of €6.3 million, compared with €5.5 million in the same period of 2021, giving growth of 14.3%.

Theranostics activity recorded another semester of solid growth, with revenue increasing by 9.3% to more than €3.0 million at June 30, 2022. This activity keeps on growing thanks to dynamic sales of the automated i-Track10 driven by an expanding range of i-Tracker tests adapted to this analyzer that thus allows the development of individualized therapeutic monitoring of even more biotherapies.

IVD (In Vitro Diagnostics) activity recorded strong sales growth of 19.3% to over €3.2 million at June 30, 2022. This performance is the result of non-recurring commercial opportunities. Indeed, during the first half of this year, Theradiag recorded some opportunistic sales of diagnostic instruments, notably to the veterinary sector, and logged a temporary boost in sales of genetic tests, prior to stopping this distribution line at the end of 2023. Financial indicators closing in on profitability and maintaining of investments to drive future growth

Over the first half of 2022, Theradiag continued its substantial progress towards profitability. Indeed, the operating loss shrank by 28% compared to the same period of 2021, despite a high basis for comparison due to Covid activity having contributed €150 thousand in the first half of 2021. As previously reported, Theradiag decided to end its antigen activities in the second semester of 2021. As well as significantly improving its profitability on its traditional markets, Theradiag has maintained its strategic investments in several fields that will drive the Company’s future growth: Marketing and Market access, Research & Development and Quality (compliance with the European Union’s directive on in vitro diagnostic medical devices (IVDR)). Furthermore, without impacting the strategic penetration of markets, in particular key markets, Theradiag’s Management will continue to optimize its commercial organization in its strategic countries to accelerate the return to strong profitability in the coming months.

The net loss before non-recurring items is slightly down this semester with a decrease of €33 thousand compared with the same period of 2021 due to lower Research Tax Credit. The overall net result improved by 38% to-€56 thousand at June 30, 2022 versus-€92 thousand at June 30, 2021. It is now close to breakeven and represents-0.9% of revenue.

Cash position and Financial structure Theradiag had a net cash position of €6.0 million on June 30, 2022, versus €7.1 million on December 31, 2021. This level is in line with the Company’s roadmap outlined at the time of the rights issue carried out in October 2021.

Reminder of the main H1 2022 highlights
• January 2022: Signing of a distribution agreement with BIOSYNEX regarding their AMPLIQUICK SARS-CoV-2 PCR test
• May 2022: Launch of two new i-Tracker kits: i-Tracker Certolizumab and i-Tracker AntiCertolizumab
• May 2022: Launch of ez-Track, a diagnostic Point-of-Care Testing solution
• June 2022: Partnership with Quotient Limited to advance autoimmune disease diagnostics

Targovax to host Investor Event: Meet the Management on 27 September

On September 19, 2022 Targovax and our sector reported that we invite you to an Investor Event Tuesday 27 September 2022 (Press release, Targovax, SEP 19, 2022, View Source [SID1234619634]). DNB will provide an analyst’s view of the biotech industry followed by presentations from Targovax with a focus on circRNA. We will finish the event with an opportunity for you to speak with members of our management team in an informal setting with food and refreshments.

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Targovax’s management team will present in Norwegian and are available for questions during the social event.

Date: Tuesday 27 September
Time: 17.00-19.00
Location: Sentralen, Øvre Slottsgate 3, Oslo

An analyst’s view of the biotech market
Dr. Geir Hiller Holom, Senior Equity Analyst at DNB Markets
Targovax Business Overview
Dr. Erik Digman Wiklund, CEO of Targovax
Circular RNA (circRNA) – the new frontier in RNA therapeutics discovered in Scandinavia
Dr. Thomas Hansen, VP Research at Targovax
There will be an informal Q&A and serving of food from 17:45.

Lubor Gaal, CFO og Andreas Storsve, VP Business Development, will also be present.