MediciNova Announces Publication of MN-166 (ibudilast) Data regarding Prevention of Metastasis in Uveal Melanoma in Molecular Cancer Research

On April 20, 2022 MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ:MNOV) and the JASDAQ Market of the Tokyo Stock Exchange (Code Number: 4875), reported data demonstrating that MN-166 (ibudilast) prevents metastasis in a uveal melanoma (UM) animal model was published in the journal Molecular Cancer Research (Press release, MediciNova, APR 20, 2022, View Source [SID1234612858]).

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The publication entitled "Uveal Melanoma Exosomes Induce a Prometastatic Microenvironment through Macrophage Migration Inhibitory Factor," was co-authored by MediciNova’s collaborators Dr. Grazia Ambrosini, Research Scientist at The Herbert Irving Comprehensive Cancer Center (HICCC), Columbia University Medical Center; Alex J. Rai, PhD, Associate Professor of Pathology and Cell Biology, Columbia University Irving Medical Center; Richard D. Carvajal, MD, Associate Professor of Medicine at Columbia Vagelos College of Physicians and Surgeons and co-director of the Precision Oncology and Systems Biology research program at the HICCC; and Gary Schwartz, MD, Professor of Oncology at Vagelos College of Physicians and Surgeons, Division Chief of Hematology/Oncology at Columbia University Irving Medical Center, and Deputy Director at the HICCC.

The publication describes a preclinical study which characterized the proteomic content of uveal melanoma exosomes and identified the presence of markers with metastatic properties. The study included an evaluation of MN-166 (ibudilast) in a metastatic uveal melanoma model.

Key take-aways in the publication include:

Uveal melanoma exosomes (UM-exo) induce activation of cell signaling pathways and the release of cytokines and growth factors from hepatocytes. These exosome-stimulated liver cells could in turn induce migration of UM cells.
The proinflammatory cytokine macrophage migration inhibitory factor (MIF) was over expressed in UM exosomes and was a major player in these mechanisms. MIF blockade inhibited UM cell migration in co-cultures with exosome-stimulated hepatocytes and prevented the development of metastases in vivo.
Most inhibitors of hepatocyte-derived cytokines and growth factors had little or partial effects in blocking UM cell migration toward exosome-stimulated hepatocytes.
The MIF inhibitor MN-166 (ibudilast) dramatically inhibited UM cell migration (p<0.001), suggesting that MIF plays a major role in the cell-to-cell cross-talk.
In the metastatic UM mouse model study,
Quantified bioluminescence signal intensity in the abdominal region was dramatically reduced by MN-166 (ibudilast) treatment (p<0.05) in the metastatic UM mouse model at Day 46.
Histological analysis of the liver tissues of control mice showed the presence of tumor cell clusters, which were not present in the liver tissues of mice treated with MN-166 (ibudilast).
MN-166 (ibudilast) prevented metastasis in the metastatic UM mouse model.
This study provided the first in vivo evidence that MIF inhibition may serve as a novel adjuvant drug therapy to prevent metastasis in uveal melanoma.
MIF inhibition with MN-166 (ibudilast) may prevent metastatic spread in uveal melanoma patients and help to address the unmet critical need for novel and effective adjuvant therapies.
Kazuko Matsuda, MD, PhD, MPH, Chief Medical Officer of MediciNova, Inc. commented, "We are very pleased that the details of the research data regarding MN-166 preventing metastasis in the metastatic UM mouse model study has been published. Cancer metastasis is often the major driver of cancer-related death rather than the primary cancer. We previously reported that MN-166 reduced levels of immune suppressive myeloid-derived suppressor cells (MDSCs) and enhanced CD8 T cell activity in the tumor microenvironment. The data from this metastatic UM model study suggested that treatment with MN-166 can potentially address significant unmet medical needs for novel and effective therapies for patients with UM at risk of metastasis. We are optimistic that MN-166 could help patients with UM and other malignancies."

About MN-166 (ibudilast)

MN-166 (ibudilast) is a small molecule compound that inhibits phosphodiesterase type-4 (PDE4) and inflammatory cytokines, including macrophage migration inhibitory factor (MIF). It is in late-stage clinical development for the treatment of neurodegenerative diseases such as ALS (amyotrophic lateral sclerosis), progressive MS (multiple sclerosis), and DCM (degenerative cervical myelopathy); and for glioblastoma, CIPN (chemotherapy-induced peripheral neuropathy), and substance use disorder. In addition, MN-166 (ibudilast) is being evaluated in patients that are at risk for developing acute respiratory distress syndrome (ARDS).

Arrowhead Pharmaceuticals to Webcast Fiscal 2022 Second Quarter Results

On April 20, 2022 Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) reported that it will host a webcast and conference call on May 10, 2022, at 4:30 p.m. ET to discuss its financial results for the fiscal 2022 second quarter ended March 31, 2022 (Press release, Arrowhead Pharmaceuticals, APR 20, 2022, View Source [SID1234612857]).

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Conference Call and Webcast Details

Investors may access a live audio webcast on the Company’s website at View Source For analysts that wish to participate in the conference call, please dial 855-215-6159 or 315-625-6887 and provide Conference ID 3791265.

A replay of the webcast will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 90 days. An audio replay will also be available approximately two hours after the conclusion of the call and will be available for 3 days. To access the audio replay, dial 855-859-2056 or 404-537-3406 and provide Conference ID 3791265.

CYTOKINETICS TO ANNOUNCE FIRST QUARTER RESULTS ON MAY 4, 2022

On April 20, 2022 Cytokinetics, Incorporated (Nasdaq: CYTK) reported that it is scheduled to report first quarter results on May 4, 2022 at 4:00 PM Eastern Time (Press release, Cytokinetics, APR 20, 2022, View Source [SID1234612856]). Following the announcement, Cytokinetics’ senior management will host a conference call at 4:30 PM Eastern Time to discuss operational and financial results and the company’s outlook for the future.

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The conference call will be simultaneously webcast and can be accessed from the homepage and in the Investors & Media section of Cytokinetics’ website at www.cytokinetics.com. The live audio of the conference call can also be accessed by telephone by dialing either (866) 999-CYTK (2985) (United States and Canada) or (706) 679-3078 (international) and typing in the passcode 5771758.

An archived replay of the webcast will be available via Cytokinetics’ website until May 18, 2022. The replay will also be available via telephone by dialing (855) 859-2056 (United States and Canada) or (404) 537-3406 (international) and typing in the passcode 5771758 from May 4, 2022 at 8:00 PM Eastern Time until May 18, 2022.

EpiAxis Therapeutics presents at ACCESS CHINA

On April 20, 2022 EpiAxis Therapeutics reported that it was thrilled to attend and present at the ACCESS CHINA Biotech Forum Spring Showcase 2022 earlier this month (Press release, EpiAxis Therapeutics, APR 20, 2022, View Source;utm_medium=rss&utm_campaign=epiaxis-therapeutics-presents-access-china [SID1234612827]).

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ACCESS CHINA Biotech Forum is one of the largest corporate access events in China. It provides opportunities for business development, licensing deals and commercial collaborations to global biopharmas. It has been held every quarter since 2020 and has been bringing together international and Chinese biotech BDs and CEOs over the past two years.

The 2022 ACCESS CHINA forum was held online from 18-19 April 2022, attracting more than 1000 participants from China pharma and biotech companies.

EpiAxis CEO Dr Jeremy Chrisp presented during the US and Australia biotech Company Roadshows sessions. His video presentation focused on overcoming resistance to standard of care cancer treatments with novel epigenetic cancer therapies.

Dr Chrisp explained that the primary focus at EpiAxis Therapeutics is the initial treatment and subsequent prevention of recurrence of cancer using proprietary LSD1 inhibitors.

"We are seeking capital to allow us to complete our program to advance one of our therapeutics into the clinic," Dr Chrisp said. "We believe LSD1 is the pivotal enzyme controlling cancer regression. Our thesis is directed towards inhibiting nuclear LSD1 and we believe it allows us to reprogram cancer cells and immune cells to offer a new way to treat aggressive cancer."

PERRIGO ANNOUNCES CLOSING OF $2.6 BILLION SENIOR SECURED CREDIT FACILITIES

On April 20, 2022 Perrigo Company plc (NYSE: PRGO) ("Perrigo" or the "Company"), a leading provider of Consumer Self-Care Products, reported that it closed its previously announced senior secured credit facilities (Press release, Perrigo Company, APR 20, 2022, View Source [SID1234612658]). The new facilities consist of (i) a $1.0 billion five-year revolving credit facility (the "New Revolving Facility"), (ii) a $500 million five-year term loan A facility (the "New Term Loan A Facility"), and (iii) a $1.1 billion seven-year term loan B facility (the "New Term Loan B Facility" and, together with the New Term Loan A Facility, the "New Term Loan Facilities," and the New Term Loan Facilities together with the New Revolving Facility, the "New Senior Secured Credit Facilities") . Due to the favorable reception from the market to the syndication of the New Senior Secured Credit Facilities, the size of the New Term Loan Facilities was increased to a total of $1.6 billion from the previously announced $1.1 billion, and the Company has decided not to proceed with its previously announced offering of senior notes. The New Senior Secured Credit Facilities are being incurred by the Company’s wholly-owned subsidiary, Perrigo Investments, LLC, and will be guaranteed by the Company and certain other wholly-owned subsidiaries of the Company.

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The Company will use the proceeds of the New Term Loan Facilities, together with cash on hand, to finance the previously announced acquisition of Héra SAS ("Héra") and to repay existing indebtedness of the Company and its subsidiaries under its outstanding term loan facility, its 4.00% Senior Notes due 2023 and its 5.1045% Guaranteed Senior Notes due 2023. Notice of redemption of the 4.00% Senior Notes due 2023 and the 5.1045% Guaranteed Senior Notes due 2023 has been given, and the notes will be redeemed on May 20, 2022. The Company will use any amounts borrowed from time to time under the New Revolving Facility, which will replace its existing revolving facility, for general corporate purposes.

JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc. are the joint lead arrangers for the New Senior Secured Credit Facilities.