Avenge Bio to Present at the Piper Sandler 34th Annual Healthcare Conference

On November 17, 2022 Avenge Bio, Inc. ("Avenge" or the "Company"), a biotechnology company developing the LOCOcyte Immunotherapy platform for the precision administration of potent immune effector molecules to treat solid tumors, reported Michael Heffernan, Founder and Chief Executive Officer, will present at the Piper Sandler 34th Annual Healthcare Conference in New York (Press release, Avenge Bio, NOV 17, 2022, View Source [SID1234624223]).

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About LOCOcyte Platform
Our LOCOcyte allogeneic cell-based immunotherapy platform enables potent localized modulation of the immune system which also precipitates a systemic immune response, allowing us to treat previously intractable cancers. The technology leverage three unique advantages:

Potent immune effector molecules are generated by synthetically engineering allogeneic cells creating a ready-to-use therapy,
Therapy is localized in proximity to the primary tumor site and generates innate and adaptive immune response, and
The immunomodulator trains the patient’s immune system generating a robust immune response that seeks and eradicates distal metastasis without systemic toxicity.

LadRx Corporation Issues Corporate Update for 3Q22

On November 17, 2022 LadRx Corporation (OTCQB: LADX) ("LadRx" or the "Company"), a biopharmaceutical innovator focused on research and development of life-saving cancer therapeutics, reported the below update to stockholders (Press release, LadRx, NOV 17, 2022, View Source [SID1234624222]).

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Dear Stockholders,

Welcome to LadRx’s latest update for the quarter ending September 30, 2022. Please see our 10Q filed on November 10, 2022, for detailed financial reporting and analysis.

As a reminder, the Company has developed a chemotherapeutic delivery system called LADR (Linker-Activated Drug Release). LADR is a small organic molecule that can be attached to chemotherapeutic agents in order to target the delivery and release of the chemotherapeutic agent to solid cancers. The LADR-mediated targeting of chemotherapeutics to cancers could be reasonably expected to increase the amount of chemotherapeutic that can be safely dosed in a human (or in some cases allow for safe use of chemotherapeutics too powerful to be used without targeted delivery), and to reduce off-target side effects attributable to the chemotherapeutic agent.

The first-gen LADR-based chemotherapeutic that is most advanced is Aldoxorubicin. Aldoxorubicin is composed of the first-gen LADR molecule linked to the widely-used chemotherapeutic agent doxorubicin. Aldoxorubicin has proven the concept of LADR in that it can be dosed several times higher than doxorubicin, with fewer side effects. The Company out-licensed Aldoxorubicin to Immunity Bio, and Aldoxorubicin is currently in human clinical trials (see below).

The next-gen LADR-based drugs employ an improved linker. The Company’s current pre-clinical drug candidates are based on this next-gen LADR design, namely LADR7-10. LADR7 and 8 employ the highly potent chemotoxin Auristatin E, while LADR9 and 10 employ another highly potent chemotoxin called Maytansine.

LADR7

During Q3, we continued to move LADR7 towards IND in the most capital-efficient way possible. The IND-enabling activities for LADR7 at this stage include a full inventory of IND-enabling data generated thus far for LADR7, and developing the strategy for completing the IND-enabling work for LADR7, as well as dovetailing that strategy into future LADR products. As we have stated previously, we are pleased with the amount and quality of IND-enabling work that has been completed for LADRs7-10, and we feel that the IND-enabling work remaining for LADR7 is minimal. The next steps for LADR7 are to manufacture clinical-grade product, and to perform basic toxicology studies using the clinical-grade material (toxicology studies have already been performed with non-clinical-grade material). It is our current opinion that successful completion of these activities will position LADR7 for submission of an IND to the FDA. The steps of clinical-grade manufacture and final toxicology are expected to cost approximately $2M in direct costs, so we will not initiate this work until further funding is received (variations to this estimate can be expected as the project initiates).

Aldoxorubicin

The Company has out-licensed the development and commercialization of Aldoxorubicin to Immunity Bio (NASDAQ:IBRX) for approximately $343M in milestones and additional royalties on sales (dependent on certain regulatory approvals, which are not guaranteed). Immunity Bio recently announced that they have completed enrollment in a registrational-intent Phase II in pancreatic cancer, and have scheduled a Type B meeting with the FDA in December of 2022. In the same release (see Immunity Bio Overview Presentation, November 2022), Immunity Bio indicated that a Phase II in glioblastoma is planned. We look forward to continued updates from Immunity Bio’s testing of Aldoxorubicin in these two very high-need patient populations.

Arimoclomol

The Company’s non-oncology asset, Arimoclomol, was out-licensed to Orphazyme for the treatment of Nieman-Pick Type C, a neurological disease. In May of 2022, after receiving a Complete Response Letter from the FDA, Orphazyme’s assets were purchased by KemPharm Denmark A/S, a wholly-owned subsidiary of KemPharm, Inc. In KemPharm’s most recent update on Arimoclomol, KemPharm stated, "…Based on the recent completion of the 4-year open-label safety trial, the ongoing and constructive dialogue with the FDA and the new wealth of data generated since the CRL, we now anticipate resubmitting the updated NDA as early as Q3 2023. And, while no new or unanticipated issues related to resubmission have arisen, we believe the added time will be well-spent in preparation of an NDA filing with the highest likelihood of approval." The Company’s agreement with KemPharm could, if milestones are achieved, bring up to $120M to LadRx and additional royalties on sales.

Financial Results

The Company worked diligently during the quarter to maximize our runway for the current cash, while we seek additional capital through multiple pathways. The Company is operating very efficiently, and management now estimates that current cash is sufficient to fund operations to approximately mid-2Q2023. This runway estimate includes no revenues from licensed products, and very little expenditure (or progress) on LADR product development. Despite very challenging capital market conditions, the Company continues its efforts to bring in additional capital through the least expensive means possible, and plans to continue to operate the Company efficiently.

ImmunoMet Therapeutics Announces First Patient Dosed in a Phase 1b Trial of IM156 in Pancreatic Cancer

On November 17, 2022 ImmunoMet Therapeutics, Inc., a clinical stage biotechnology company targeting metabolism to develop novel anti-cancer and anti-fibrotic therapies, reported that the first patient has been dosed in the single-arm Phase 1b trial of IM156 in combination with gemcitabine and nab-paclitaxel as frontline therapy in patients with advanced pancreatic cancer (Press release, ImmunoMet Therapeutics, NOV 17, 2022, View Source [SID1234624221]). The study is led by Shubham Pant, MD, Professor in Department of Gastrointestinal (GI) Medical Oncology and Associate Professor, Department of Investigational Cancer Therapeutics, Division of Cancer Medicine, The University of Texas MD Anderson Cancer Center.

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This clinical trial evaluates the potential of IM156 in combination with gemcitabine and nab-paclitaxel to address resistance and improve patient outcomes. The trial includes a dose escalation phase followed by an expansion phase, treating a total of approximately 25 patients with advanced pancreatic cancer. The primary endpoint is to evaluate the safety and tolerability of the combination. Exploratory efficacy endpoints include objective response rate (ORR), progression-free survival (PFS), and overall survival (OS) using RECIST v1.1 criteria.

"Pancreatic cancer continues to be defined by high unmet need, morbidity, and mortality. There is substantial evidence that differential cancer cell metabolism, and oxidative phosphorylation (OxPhos) in particular, plays a key role in the development of resistance to current therapies. We are hopeful that this potentially best-in-class OxPhos inhibitor can improve outcomes for these patients," said Dean Welsch, CEO of ImmunoMet Therapeutics. Additional information about the trial, which is recruiting patients, can be found on clinicaltrials.gov using the identifier NCT05497778.

ImmunoMet is also pleased to announce that it has received Orphan Drug Designation status for IM156 in patients with pancreatic cancer and closed a Series C-1 financing in October 2022. ImmunoMet continues to investigate additional indications where emerging data implicate OxPhos inhibition will demonstrate anti-tumor effects.

About IM156
IM156 is a Protein Complex 1 (PC1) inhibitor that targets the oxidative phosphorylation (OXPHOS) pathway that is required to drive tumor growth and proliferation in some tumors. IM156, ImmunoMet’s lead drug candidate, is solely owned by ImmunoMet and is currently in development for the treatment of selected cancers.

AngioDynamics to Present at the Piper Sandler Healthcare Conference

On November 17, 2022 AngioDynamics, Inc. (NASDAQ: ANGO), a leading and transformative medical technology company focused on restoring healthy blood flow in the body’s vascular system, expanding cancer treatment options and improving quality of life for patients, reported that Jim Clemmer, President and Chief Executive Officer, and Stephen Trowbridge, Executive Vice President and Chief Financial Officer, will present at the Piper Sandler 34th Annual Healthcare Conference at 10:10 a.m. ET on Wednesday, November 30, 2022 (Press release, AngioDynamics, NOV 17, 2022, View Source [SID1234624220]).

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A live webcast of the presentation will be accessible through the "Investors" section of the Company’s website at www.angiodynamics.com and will be available for replay following the event.

GRAIL CCGA Discovery Results Published in Cancer Cell Reveal Methylation as Promising DNA Hallmark for Multi-Cancer Early Detection

On November 17, 2022 GRAIL, LLC, a healthcare company whose mission is to detect cancer early when it can be cured, reported findings from a fundamental substudy of the Circulating Cell-free Genome Atlas (CCGA; NCT02889978) study, demonstrating that methylation had the most promising combination of cancer detection and prediction of cancer signal origin when compared with other evaluated approaches (Press release, Grail, NOV 17, 2022, View Source [SID1234624218]). This is the first rigorous and systematic comparison of various genomic measures from circulating cell-free DNA (cfDNA) for multi-cancer early detection (MCED) testing, and the largest comprehensive genome-wide comparison of cfDNA approaches. Findings were published online in Cancer Cell in a manuscript titled "Evaluation of Cell-Free DNA Approaches for Multi-Cancer Early Detection."

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"Results from the CCGA study formed the basis for how we developed and refined the Galleri test—it’s our origin story and the foundation of our work to transform cancer care with a simple blood test," said Amoolya Singh, Ph.D., Senior Vice President of Data Science and Chief Scientific Officer at GRAIL. "This defining study made it possible to carefully design a population screening test with a high specificity and low false-positive rate for cancer detection. When combined with standard screenings, this test has the potential to improve detection of cancer in asymptomatic individuals."

The CCGA Discovery Substudy, the first of three pre-planned substudies of the case-controlled CCGA study, evaluated multiple potential approaches to blood-based multi-cancer early detection (MCED) in a cohort of 2,800 individuals. These approaches included whole-genome sequencing, whole-genome methylation sequencing, and ultra deep targeted sequencing. Together this covered eight classifiers including methylation, somatic copy number alterations, somatic mutations, and a ninth pan-feature classifier. Criteria for evaluation included sensitivity (a test’s ability to correctly identify people with cancer) at high (98%) specificity (a test’s ability to correctly identify people without cancer) and cancer signal origin prediction (a test’s ability to predict the anatomical localization or cell of origin of the detected cancer signal).

The CCGA Discovery Substudy showed that among the evaluated classifiers, those using whole-genome methylation had one of the highest cancer signal detection sensitivities at 98% specificity. Additionally, out of the evaluated approaches, whole-genome methylation had the best predicted cancer signal origin.

Findings from CCGA Discovery, along with the other substudies, were instrumental in developing, refining and validating the targeted methylation platform used in the Galleri MCED test, which applies next-generation genomic sequencing, advanced data science and machine learning to detect a shared cancer signal across more than 50 types of cancer at 99.5% specificity and accurately predict where the signal originated in the body through a simple blood draw. Test performance was consistent in the interventional PATHFINDER study, which was recently presented at the European Society for Medical Oncology Congress 2022.

CCGA Discovery evaluated various cfDNA measures in three prototype assays and nine prototype machine learning classifiers to determine the most promising approach for an MCED test with a low false-positive rate and sufficient sensitivity to improve outcomes for individuals who undergo screening. The substudy included 2,800 participants—1,628 with cancer and 1,172 without cancer (non-cancer). Blood samples from individuals with cancer were demographically matched to non-cancer individuals to reduce statistical uncertainty. Patients with cancer diagnosed by screening or by clinical presentation were enrolled before starting definitive therapy.

The substudy implemented innovations in cancer detection evaluation, including study design, custom distributed and cloud computing, and the introduction of a novel measure: circulating tumor DNA allele fraction, defined as the fraction of tumor-distinguishing methylation marks in a cfDNA sample (i.e., the available signal). Furthermore, it introduced the metric of clinical limit of detection (cLOD) to measure cancer detection as a function of cfDNA tumor fraction—a more robust performance metric than sensitivity, which is highly dependent on study cancer type and stage composition.

"To be able to meaningfully compare ct-DNA assays in the future, the clinical limit of detection must be assessed," added Singh. "The CCGA Discovery analysis is the first direct head-to-head comparison of multiple approaches that we are aware of. Notably, CCGA Discovery identified methylation features in ct-DNA as having the leading combination of cancer detection and cancer signal origin performance. This motivated the development of an improved targeted methylation platform that underlies Galleri today with substantially improved performance."

About the CCGA Study

The CCGA study is a prospective, multi-center, case-controlled, longitudinal study designed to characterize the landscape of genomic cancer signals in the blood of people with and without cancer.

The study is collecting de-identified biospecimens and clinical data from more than 15,000 participants across 142 sites in the U.S. and Canada, including both people who had cancer at the time of enrollment (newly diagnosed, and not yet received treatment) and people who did not have a known cancer diagnosis. Participants will be followed annually for up to five years. A separate pre-specified substudy from CCGA involving 4,077 participants was previously published in the Annals of Oncology in September, 2021.

About GRAIL’s MCED Clinical Development Program

The Galleri clinical development program consists of studies that collectively include more than 335,000 participants together with what is believed to be the largest linked datasets of genomic and clinical data in the field of cancer research. GRAIL’s program includes the foundational CCGA development and validation study, the interventional PATHFINDER and PATHFINDER 2 studies, the NHS-Galleri randomized, controlled clinical study, the STRIVE and SUMMIT observational studies, and the REFLECTION real-world registry. The largest of these, the NHS-Galleri trial, has enrolled 140,000 participants with the primary objective of a reduction in late-stage cancer diagnoses, thought to be a necessary prerequisite for ascertaining a mortality reduction.