Ipsen Initiates a Share Buy-Back Program to Cover Its Employee Free Share-Allocation Plan

On June 1, 2022 Ipsen (Euronext: IPN; ADR: IPSEY) reported that it has appointed an investment-services provider to purchase 125,000 Ipsen S.A. shares, or about 0.15% of the share capital, over a maximum period of three months (Press release, Ipsen, JUN 1, 2022, View Source [SID1234615290]). The shares purchased under this agreement will be allocated mainly to cover its employee free share-allocation plan.

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!

This program is made pursuant to the authorization granted by the Combined Shareholders’ meeting, held on May 24th, 2022.

Entry into a Material Definitive Agreement

On May 31, 2022, GlycoMimetics, Inc. (the "Company") reported that it received a notice from The Nasdaq Stock Market ("Nasdaq") that the Company is not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days (Filing, 8-K, GlycoMimetics, MAY 31, 2022, View Source [SID1234615506]). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Market.

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!

The Company has 180 calendar days, or until November 28, 2022, to regain compliance with the minimum bid price requirement. To regain compliance, the minimum bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-calendar day grace period. In the event the Company does not regain compliance with the minimum bid price requirement by November 28, 2022, the Company may be eligible for an additional 180-calendar day compliance period if it elects to transfer to The Nasdaq Capital Market to take advantage of the additional compliance period offered on that market. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period. The Company’s failure to regain compliance during this period could result in delisting.

The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the listing requirements. There can be no assurance that the Company will be able to regain compliance with Nasdaq’s Listing Rule 5450(a)(1) or will otherwise be in compliance with other Nasdaq listing criteria.

Greenfire Bio to update progress on Phase 1 Clinical Trial for SIK2/SIK3 inhibitor, GRN-300, in ovarian cancer at the ASCO Annual Meeting 2022

On May 31, 2022 Greenfire Bio, LLC reported that its subsidiary, Green3Bio, and its collaborators at MD Anderson Cancer Center will present an update on the ongoing first-in-human clinical trial of GRN-300 at the upcoming ASCO (Free ASCO Whitepaper) 2022 Annual Meeting (Press release, Greenfire, MAY 31, 2022, View Source [SID1234615421]). GRN-300 is a first-in-class, orally bioavailable novel small molecule inhibitor of the Salt Inducible Kinases 2 and 3 (SIK2/SIK3) that is highly expressed in ovarian cancer and has been identified to play a pivotal role in several other cancers. The transition of this emerging biologic pathway and a novel agent into the clinic marks a successful step in the progress of the GRN-300 program. The goal of the clinical study is to determine the recommended Phase 2 Dose (RP2D), safety/tolerability and the tumor response of GRN-300 as a monotherapy or in combination with paclitaxel in subjects with ovarian cancer.

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!

This study is registered at ClinicalTrials.gov Identifier: NCT04711161.

Format: Poster Presentation
Abstract number: TPS5616
Session: Poster Session/Gynecologic Cancer
Time: Saturday, June 4, 2022, 1:15 PM-4:15 PM CDT
Presenter: Siqing Fu, PhD, MD (Department of Investigational Cancer Therapeutics, The University of Texas MD Anderson Cancer Center)

Title: GRN300–001: Phase 1/1b evaluation of the safety, pharmacokinetics and efficacy of GRN-300, a salt-inducible kinase inhibitor, alone and in combination with paclitaxel, in recurrent ovarian, primary peritoneal, and fallopian tube cancers.

About Ovarian Cancer

According to the American Cancer Society, ovarian cancer ranks fifth in cancer deaths among women. They estimate that in 2022 there will be about 19,880 new cases of ovarian cancer diagnosed in the United States and that about 12,810 will die of the disease. According to the World Cancer Research Fund International, there were about 313,000 new cases of ovarian cancer diagnosed worldwide in 2020. Ovarian cancer is difficult to detect at an early, more treatable stage; therefore, the current lack of salvage treatment for women, who experience a recurrence, results in a 5-year survival rate of less than 30%.

About GRN-300

GRN-300 (previously ARN3261) is an orally bioavailable first-in-class novel, small molecule, dual inhibitor of the salt-inducible kinases 2 and 3 (SIK2, SIK3). This agent has the potential to overcome chemoresistance based on its mechanism of action (MOA) and synergistic effects with standard of care including chemotherapy, PARP inhibitors, and immune checkpoint inhibitors (ICIs). SIK2 is overexpressed in 30% of ovarian cancer specimens suggesting a multifunctional role of SIK2/3 in tumorigenesis. SIK2 and SIK3 are known to play an oncogenic role in other tumor types, including prostate cancer, breast cancer, diffuse large B-cell lymphoma, and melanoma. Higher levels of expression of SIK2 have been shown to be significantly correlated with poor progression-free survival in patients with high-grade serous ovarian cancers. GRN-300 attenuated tumor growth in several preclinical xenograft ovarian cancer models as a single agent and in combination with paclitaxel. The compound completed the first dose escalation groups without DLT, and preliminary PK analysis indicate dose proportionality.

ConferMED Awarded Grant from the Quest Diagnostics Foundation to Provide Specialty eConsults to Front Line Providers at Federally Qualified Health Centers in Key Regions

On May 31, 2022 ConferMED, one of the nation’s leading eConsult companies, reported that it has been awarded a $2.3M grant from the Quest Diagnostics Foundation (Press release, Quest Diagnostics, MAY 31, 2022, View Source [SID1234615401]). The grant will enable ConferMED to enhance its eConsults platform and to provide specialty eConsults to medical providers at Federally Qualified Health Centers in five regions across the U.S.: Dade County, FL; Cook County, IL; Baltimore County, MD; Harris County, TX and Suffolk County, MA.

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!

ConferMED eConsults address the growing challenge of limited access to specialty care and high costs when patients are referred to providers outside primary care. Using the ConferMED eConsult platform, specialists are able to review cases accurately and quickly with front line providers and provide input and develop the optimal care plan for patients. This process improves chronic disease outcomes, reduces unnecessary emergency room visits and hospital admissions, and prevents long-term complications.

The Quest Diagnostics Foundation, as part of the Quest for Health Equity (Q4HE) initiative, is providing a grant to ConferMED to address a leading cause of health inequity: lack of access to specialty care. Q4HE is a multi-year initiative of Quest Diagnostics (NYSE: DGX) and the Quest Diagnostics Foundation focused on providing a combination of donated testing services, education programs, partnerships, and funding to support initiatives to close the gap in healthcare disparities in underserved communities.

Mark Masselli, chair of the ConferMED board and CEO/President of Community Health Center, Inc., commented, "We applaud the Quest Foundation and its Quest for Health Equity initiative for recognizing and generously supporting the need for specialty eConsults for patients living in medically underserved communities. The collaboration between Quest and ConferMED is groundbreaking and will significantly advance the cause of health equity in key locations across the U.S."

Through the grant, ConferMED also will help health centers and specialists with eConsult implementation and integration in addition to providing enhanced technology and interoperability to ensure ease of use for front line providers and staff. "Access to specialty eConsults is more important than ever as the COVID-19 pandemic has laid bare the health inequities for patients in the underserved communities primarily served by community health centers," says ConferMED President and Founder Daren Anderson, MD. "Fewer barriers to specialty care means better patient outcomes and ultimately a healthier community. We are thrilled to be deepening our relationship with Quest to support this work."

"We are proud of this important collaboration with ConferMED that will improve access to critical specialty care services in under-resourced communities," said Ruth Clements, President of the Quest Diagnostics Foundation. "We believe that these services will improve health outcomes and support wellness, which is more important than ever after many have deferred care due to the pandemic."

Hansoh Publishes Positive Results in ASCO Journal for Third-Gen EGFR-TKI Inhibitor

On May 31, 2022 Shanghai Hansoh Pharma reported that published positive results from a China Phase III trial of its third-gen EGFR-TKI inhibitor in the Journal of Clinical Oncology (Press release, Jiangsu Hansoh Pharmaceutical, MAY 31, 2022, View Source [SID1234615397]). Hansoh’s Amelie (aumolertinib mesylate tablets) was administered as a first-line therapy for NSCLC. It significantly out-performed AstraZeneca’s Iressa (gefitinib), especially among patients with brain metastases. Hansoh, which developed Amelie in-house, said it was the first publication of clinical data from a China-originated third-generation EGFR-TKI in the official ASCO (Free ASCO Whitepaper) journal. Hanson out-licensed ex-China rights for the drug to EQRx

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!