Enveric Biosciences to Participate in A.G.P.’s Virtual Biotech Conference

On November 16, 2022 Enveric Biosciences (NASDAQ: ENVB) ("Enveric" or the "Company"), a biotechnology company dedicated to the development of novel small-molecule therapeutics for the treatment of anxiety, depression and addiction disorders, reported that Avani Kanubaddi, President & COO of Enveric Biosciences, will participate in A.G.P.’s Virtual Biotech Conference to be held from November 30, 2022 – December 1, 2022 (Press release, Enveric Biosciences, NOV 16, 2022, View Source [SID1234624161]).

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For more information about the conference, or to schedule a one-on-one meeting with Enveric’s management team, please contact your appropriate representative, or send an email to A.G.P. at [email protected], or KCSA Strategic Communications at [email protected].

Monopar Announces Encouraging Clinical Data from Ongoing Camsirubicin Phase 1b Trial

On November 16, 2022 Monopar Therapeutics Inc. (Nasdaq: MNPR), a clinical-stage biopharmaceutical company focused on developing proprietary therapeutics designed to extend life or improve the quality of life for cancer patients, reported that encouraging data from its ongoing Phase 1b open-label clinical trial of camsirubicin in advanced soft tissue sarcoma patients (Press release, Monopar Therapeutics, NOV 16, 2022, View Source [SID1234624160]). The data is displayed in the poster Monopar will be presenting later today at the 2022 Connective Tissue Oncology Society (CTOS) Annual Meeting, which is bringing together the world’s leading sarcoma specialists. Monopar has made the poster available on its website at the following link:

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View Source

Camsirubicin Background

Doxorubicin is one of the most widely used cancer drugs worldwide. Unfortunately, although higher doses of doxorubicin are known to be more effective at treating cancer, the risk of irreversible heart damage increases with the cumulative dose and limits the lifetime amount that a patient can receive. As a result, even if patients are responding, they discontinue doxorubicin treatment typically after only 6 to 8 cycles (~6 months or less). The hypothesis behind camsirubicin is straightforward: molecularly modifying doxorubicin in order to reduce cardiac damage could enable higher and longer dosing, resulting in better patient outcomes.

The prior exploratory clinical studies of camsirubicin in cancer patients showed the potential to treat patients with high doses for a year or longer. The preclinical and exploratory clinical studies also showed no irreversible heart toxicity with camsirubicin. The current Phase 1b study is designed to evaluate whether camsirubicin can be dosed even higher than previously achieved and continue for longer than doxorubicin.

Camsirubicin Phase 1b Clinical Trial Design

The Phase 1b trial is an open label dose escalation design to determine the maximum tolerated dose of camsirubicin in advanced soft tissue sarcoma (ASTS) patients. The average life expectancy of ASTS patients at diagnosis is about 12 to 15 months, and doxorubicin is the current first-line standard of care treatment for most types of ASTS.

The starting dose for the first three patients was set at 265 mg/m2, the highest dose previously tested in the exploratory clinical trials. With a positive recommendation from the trial safety review committee at the completion of each dose level, the trial is allowed to then treat at least three new patients at the next dose level, which is 25% higher.

Clinical Trial Results To-Date

The Phase 1b clinical trial has enrolled 11 patients (8 female and 3 male) to-date ranging in age from 26 to 81 years (median = 49 years). 5 of 10 patients have exhibited stable disease (SD, as defined by RECIST 1.1 criteria) at 12 weeks. 1 patient met the criteria for SD at the first CT scan (6 weeks) but unfortunately died due to COVID-19 and was not evaluable at the 12-week CT scan. The ASTS subtype patients achieving stable disease on camsirubicin are in line with those also more likely to respond to doxorubicin.

These encouraging results are in the face of all patients in the trial, at the time of enrollment, having had an Eastern Cooperative Oncology Group (ECOG) performance score of 1, or "strenuous physical activity restricted". This suggests that the patients enrolled in this Phase 1b trial are more medically complex and challenging than those in other recent ASTS studies. The majority of patients enrolled in first-line ASTS trials of the past few years have had no physical activity impairments, with only a minority having an ECOG score of 1 or worse. Worse ECOG scores at the time of enrollment for advanced cancer patients are associated with reduced patient survival.

The trial is presently at the fourth dose-level cohort (520mg/m2), almost twice the trial’s starting dose. No drug-related clinical cardiotoxicity has been observed in any patient, as tracked by left ventricular ejection fraction, an industry standard measure of cardiotoxicity. In line with the hypothesis of reaching a higher dose, the trial is continuing to enroll and dose-escalate, as there have been no signs of having yet hit the maximum tolerated dose.

GlycoNet start-up GlyCa Biosciences Inc. and Huron Innovation Inc. partner to improve prostate cancer detection

On November 16, 2022 GlycoNet, one of the world’s leaders in glycomics—the study of carbohydrates in living organisms—reported that one of its five start-up companies, GlyCa Biosciences Inc., has entered into a seed funding round with Huron Innovation Inc (Press release, GlycoNet, NOV 16, 2022, View Source;utm_medium=rss&utm_campaign=glyconet-start-up-glyca-biosciences-inc-and-huron-innovation-inc-partner-to-improve-prostate-cancer-detection [SID1234624159]). This collaboration will advance clinical research for a new blood test to improve early detection and diagnosis of clinically significant prostate cancer in patients, with the main goal of minimizing unnecessary invasive tissue biopsies. Considering that approximately one in eight Canadian men will develop prostate cancer during their lifetime1, this new blood test could significantly impact healthcare for Canadians.

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"Our vision is to see a blood test that will decide if a patient should undergo a prostate needle biopsy or spare them from further testing," says Dr. Hon S. Leong, Director of GlyCa Biosciences. "I am beyond ecstatic to see longstanding engagement from a federally funded organization such as GlycoNet combined with investment from Huron Innovation Inc. to make this dream of the perfect blood test come to clinical reality. Many resources went into developing these blood tests in order to make sure we have something worth trialing. The clinical trials funded by Huron Innovation and CIHR will hopefully transform the diagnostic pathway of prostate cancer and continue Canada’s reputation for strong and cutting-edge prostate cancer research."

"Huron Innovation is proud to partner with GlyCa Biosciences and be at the forefront of this groundbreaking technology to make a better method of prostate cancer detection," says Terence Wai, Director of Huron Innovation Inc. "The partnership will accelerate this promising research to make a difference and build a better future."

With support from GlycoNet, GlyCa Biosciences has been developing blood tests focused on prostate cancer detection since 2018. Huron Innovation has co-developed four pieces of technology with GlyCa Biosciences that form the foundation of the blood tests to be evaluated in the clinical trial. The technology involves contributions from four GlycoNet researchers across three provinces: Dr. John Klassen, University of Alberta; Dr. John Trant, University of Windsor; Dr. Karla Williams, University of British Columbia, and Dr. Hon S. Leong, Sunnybrook Health Sciences Centre / University of Toronto.

"This partnership is a shining example of how interdisciplinary collaboration across Canada, combined with investment in glycomics, can translate to tremendous impacts in health and the economy," says Dr. Elizabeth Nanak, CEO of GlycoNet. "I am pleased to see GlyCa Biosciences’ innovative blood tests come one step closer to being used in clinics to improve patient care."

Nykode Therapeutics to announce financial results for the third quarter 2022 and host webcast presentation on November 23, 2022

On November 16, 2022 Nykode Therapeutics ASA (OSE: NYKD), a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel immunotherapies, reported it will report its financial results for the third quarter of 2022 on November 23, 2022 before market open and subsequently host a webcast presentation at 4 p.m. CET / 10 a.m. ET (Press release, Nykode Therapeutics, NOV 16, 2022, View Source [SID1234624158]). A live and archived webcast of the presentation can be accessed in the Investors section of the Company’s website: View Source

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Entry Into a Material Definitive Agreement

On November 16, 2022, Phio Pharmaceuticals Corp. (the "Company") reported that entered into a Subscription and Investment Representation Agreement (the "Subscription Agreement") with Robert J. Bitterman, its interim Executive Chairman, who is an accredited investor (the "Purchaser"), pursuant to which the Company agreed to issue and sell one (1) share of the Company’s Series D Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), to the Purchaser for $1,750 in cash (Filing, 8-K, Phio Pharmaceuticals, NOV 16, 2022, View Source [SID1234624157]). The sale closed on November 16, 2022. Additional information regarding the rights, preferences, privileges and restrictions applicable to the Preferred Stock is set forth under Item 5.03 of this Current Report on Form 8-K and is incorporated herein by reference.

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The Subscription Agreement contains customary representations and warranties and certain indemnification rights and obligations of the parties.

The foregoing summary of the Subscription Agreement does not purport to be complete and is subject to, and qualified in its entirety by, such document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.