Beyond Air® To Participate in Piper’s 34th Annual Healthcare Conference

On November 17, 2022 Beyond Air, Inc. (NASDAQ: XAIR), a medical device and biopharmaceutical company focused on developing inhaled nitric oxide (NO) for the treatment of patients with respiratory conditions, including serious lung infections and pulmonary hypertension, and, through its affiliate Beyond Cancer, Ltd., ultra-high concentration nitric oxide (UNO) for the treatment of solid tumors, reported that Steve Lisi, Chairman and CEO of Beyond Air, will be presenting a corporate overview and participating in 1×1 meetings at the Piper 34th Annual Healthcare Conference being held November 29 – December 1, 2022 in New York, NY (Press release, Beyond Air, NOV 17, 2022, View Source [SID1234624245]).

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If you are interested in requesting a 1×1 meeting at the respective conference, please contact your bank/conference representative. For more details, please see the Events section of Beyond Air’s corporate website.

Biogen to Participate in the 5th Annual Evercore ISI HealthCONx Conference

On November 17, 2022 Biogen Inc. (Nasdaq: BIIB) reported that Michael McDonnell, Chief Financial Officer, and Priya Singhal, M.D., M.P.H., Head of Global Safety and Regulatory Sciences and Interim Head of R&D, will participate in the 5th Annual Evercore ISI HealthCONx Conference (Press release, Biogen, NOV 17, 2022, https://investors.biogen.com/news-releases/news-release-details/biogen-participate-5th-annual-evercore-isi-healthconx-conference [SID1234624244]). The webcast will be live on Thursday, December 1, 2022, at 10:30 a.m. ET. To access the live webcast, please visit the Investors section of Biogen’s website at investors.biogen.com. An archived version of the webcast will be available following the presentation.

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Sermonix Pharmaceuticals Announces Four Abstracts Accepted for Presentation at 2022 San Antonio Breast Cancer Symposium

On November 17, 2022 Sermonix Pharmaceuticals Inc., a privately held biopharmaceutical company developing innovative targeted therapeutics to specifically treat ESR1-mutated metastatic breast and gynecological cancers, reported that it had four abstracts accepted as poster presentations at the 2022 San Antonio Breast Cancer Symposium (SABCS), which will be held Dec. 6-10 at the Henry B. Gonzalez Convention Center in San Antonio (Press release, Sermonix Pharmaceuticals, NOV 17, 2022, View Source [SID1234624243]).

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Two of the posters address the evaluation of circulating tumor DNA (ctDNA) to determine levels of mutant ESR1 in patients who participated in each of Sermonix’s Evaluation of Lasofoxifene in ESR1 Mutations (ELAINE) Phase 2 studies. ELAINE 1 assessed the efficacy and safety of Sermonix’s lead development candidate, oral lasofoxifene, versus the current standard of care, intramuscular fulvestrant, in postmenopausal women with locally advanced or metastatic ER+/HER2- breast cancer (mBC) and an ESR1 mutation. ELAINE 2 evaluated lasofoxifene in combination with the CDK4/6 inhibitor abemaciclib in a heavily pre-treated ESR1 mutation positive patient population.

"We are excited to share details around the impact lasofoxifene, our ESR1 mutation-targeted endocrine therapy, has – alone and in combination – on mutant allele fraction (MAF), and how molecular response relates to clinical outcomes in our two Phase 2 ELAINE studies," said David Portman, M.D., chief executive officer of Sermonix. "We look forward to further exploring the unmet need in ESR1 mutation-positive breast cancer during our upcoming Phase 3 program set to launch in early 2023."

The two other posters address the results of Sermonix’s "ELAINE ESR1 and Quality of Life Survey (EQUALS)," created to help inform practicing oncologists about patients’ understanding of ESR1 mutations and the quality of life of metastatic breast cancer patients. One poster focuses on quality of life, while the other focuses on patient understanding of genomic testing and ESR1 mutations.

Sermonix executives will also be available in the company’s SABCS booth, #307, located on the ground level. Those interested in setting up a meeting should contact Monica Kozlowski at [email protected].

About Lasofoxifene
Lasofoxifene is an investigational targeted endocrine treatment and next-generation nonsteroidal selective estrogen receptor modulator (SERM), which Sermonix licensed globally from Ligand Pharmaceuticals Inc. (NASDAQ: LGND) and has been studied in previous comprehensive Phase 1-3 non-oncology clinical trials in more than 15,000 postmenopausal women worldwide. Lasofoxifene’s bioavailability and activity in mutations of the estrogen receptor could potentially hold promise for patients who have acquired endocrine resistance due to ESR1 mutations, a common finding in the metastatic setting and an area of high unmet medical need. Lasofoxifene’s novel activity in ESR1 mutations was discovered at Duke University and Sermonix has exclusive rights to develop and commercialize the product in this area. Lasofoxifene, a potent, oral SERM could, if approved, play a critical role in the targeted precision medicine treatment of advanced ER+ breast cancer.

MacroGenics Earns $60 Million Milestone with U.S. FDA Approval of Teplizumab

On November 17, 2022 MacroGenics, Inc. (NASDAQ: MGNX), a biopharmaceutical company focused on developing and commercializing innovative antibody-based therapeutics for the treatment of cancer, reported that the U.S. Food and Drug Administration announced the approval of the Biologics License Application (BLA) for teplizumab, an anti-CD3 monoclonal antibody that was previously developed by MacroGenics (Press release, MacroGenics, NOV 17, 2022, View Source [SID1234624240]). Teplizumab was acquired by Provention Bio, Inc. in May 2018 pursuant to an asset purchase agreement.

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"We are very pleased to see the culmination of years of effort by Provention, MacroGenics, and tireless champions in academia and government, with the achievement of the approval of teplizumab," said Scott Koenig, M.D., Ph.D., President and CEO of MacroGenics. "We applaud this outcome, which represents an advancement for individuals and their families dealing with the risks and consequences of type 1 diabetes."

Under the agreement, Provention is obligated to pay MacroGenics contingent milestone payments totaling $170 million upon the achievement of certain regulatory approval milestones, including $60 million for the approval of a BLA for a first indication in the United States. In addition, Provention is obligated to make contingent milestone payments to MacroGenics totaling $225 million upon the achievement of certain sales milestones as well as a single-digit royalty on net sales of the product.

Based on MacroGenics’ cash, cash equivalents and marketable securities balance as of September 30, 2022, plus projected and anticipated payments from partners, including timely receipt of the milestone payment from Provention, MacroGenics currently anticipates having a cash runway into late 2024.

SynRx Raises $14 Million to Develop Drugs for Solid Tumor Cancers with DNA Damage

On November 17, 2022 SynRx Therapeutics, a Hangzhou biopharma startup, reported that closed a $14 million Series Pre-A financing round to advance its portfolio of five oncology candidates (Press release, SynRx Therapeutics, NOV 17, 2022, View Source [SID1234624234]). The company focuses on solid tumor cancers with homologous recombination deficiency (HRD) – tumors that are unable to repair double-strand breaks (DSBs) in DNA, a condition that ultimately causes cancer . The company’s technology is based on original research from the lab of Founder and Chairman Xiaochun Yu. The round’s investors include Lapam Capital, Fenghua Venture, Westlake Innovation Capital and Long Yield Venture Capital.

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