Savara Reports Third Quarter 2022 Financial Results and Provides Business Update

On November 11, 2022 Savara Inc. (Nasdaq: SVRA), a clinical stage biopharmaceutical company focused on rare respiratory diseases, reported financial results for the third quarter ending September 30, 2022 and provided a business update (Press release, Savara, NOV 11, 2022, View Source [SID1234623878]).

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"As we’ve said over the last year, challenges related to COVID and flu surges, geopolitical issues, and supply chain constraints are ongoing and will likely continue," said Matt Pauls, Chair and CEO, Savara. "However, IMPALA-2, the pivotal Phase 3 trial of our novel inhaled biologic, remains on-track for a top line read-out by the end of 2Q 2024. Importantly, the Company has a strong balance sheet, and we believe we have more than three years of operating runway which is approximately 18 months beyond top line results. Finally, we are happy to announce the appointment of Raymond Pratt, M.D. as Chief Medical Officer, effective immediately. With approximately 30 years of global drug development experience, and numerous regulatory approvals, Dr. Pratt is a proven biopharmaceutical Chief Medical Officer, and we are confident that he will provide significant clinical development, medical affairs, and regulatory leadership."

"I am delighted to join Savara as we advance the molgramostim development program," said Raymond Pratt, M.D., newly appointed Chief Medical Officer, Savara. "I am impressed by the quality of the team and progress they have made executing the IMPALA-2 trial. I look forward to building on that momentum so that we can potentially fill the serious unmet needs of patients with aPAP."

Third Quarter Financial Results (Unaudited)

Savara’s net loss attributable to common stockholders for the three months ended September 30, 2022, was $10.4 million, or $(0.07) per share, compared with a net loss attributable to common stockholders of $10.5 million, or $(0.07) per share, for the three months ended September 30, 2021.

Research and development expenses increased by $1.6 million, or 24.8%, to $8.2 million for the three months ended September 30, 2022 from $6.5 million for the three months ended September 30, 2021. This was primarily due to approximately $0.7 million of costs related to our IMPALA-2 trial, including activities related to our Contract Research Organization and approximately $0.7 million of costs related to our Chemistry, Manufacturing, and Controls (CMC) activities.

General and administrative expenses decreased by $1.0 million, or 30.1%, to $2.4 million for the three months ended September 30, 2022 from $3.4 million for the three months ended September 30, 2021. This was primarily attributable to a reduction of approximately $0.7 million in consulting activities during the three months ended September 30, 2022.

As of September 30, 2022, Savara had cash, cash equivalents, and short-term investments of approximately $134 million and debt of approximately $26 million.

KaliVir Immunotherapeutics Announces Pre-Clinical Data for Oncolytic Therapy VET3-TGI at the Society for Immunology of Cancer (SITC) 37th Annual Meeting

On November 11, 2022 KaliVir Immunotherapeutics, Inc., a biotech company developing cutting-edge, multi-mechanistic oncolytic viral immunotherapy programs, reported the presentation of data on its lead pre-clinical candidate VET3-TGI presented in a poster session at the 37th Annual Meeting of the Society for Immunology of Cancer (SITC) (Free SITC Whitepaper) in Boston, Massachusetts (Press release, KaliVir Immunotherapeutics, NOV 11, 2022, View Source [SID1234623871]). VET3-TGI is based on KaliVir’s unique Vaccinia Enhanced Template (VET) platform, capable of generating potent novel oncolytic vaccinia viruses with modifications to maximize viral replication and to enhance intravenous delivery and spread. VET3-TGI incorporates modifications granting the expression of CXCR3, IL-12 and a TGF-β inhibitor, allowing for efficient trafficking to the tumor, activation of anti-tumor immune responses and overcoming of local immunosuppressive activity.

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Using multiple in vivo mouse tumor models, the functionality and therapeutic activity of VET3-TGI were tested and the mechanism of action and toxicity profile were explored. An approximate 1 log increase in the systemic delivery of the therapy was achieved through the expression of CXCR3, a level that was maintained in the face of pre-existing anti-viral immunity, marking VET3-TGI’s superior intravenous delivery potential. This systemic delivery resulted in between 60 to 90% complete responses in different immunocompetent mouse tumor models. Further analyses demonstrated profound changes in the immune profile within the tumor microenvironment subsequent to treatment with VET3-TGI.

"We are encouraged by the robust pre-clinical data, particularly with the verification of enhanced delivery to the tumor following IV injection, and efficacy in pre-immune mice," said Stephen Thorne, PhD, CSO and co-founder of KaliVir. "Not only does this data demonstrate the power of KaliVir’s VET platform, it also shows that VET3-TGI, as our lead pre-clinical candidate, has the potential to effectively treat multiple different tumor types."

PACT Pharma Reports Data From First Clinical Study Using CRISPR to Substitute a Gene in Patients’ Immune Cells to Treat Cancer

On November 11, 2022 PACT Pharma, Inc., a privately held biopharmaceutical company developing transformational personalized neoantigen-specific and off-the-shelf T cell receptor (TCR)-T cell therapies for the eradication of solid tumors, reported data from the first clinical study using CRISPR gene editing technology to substitute a gene in patients’ immune cells to treat cancer (Press release, PACT Pharma, NOV 11, 2022, View Source [SID1234623863]). Results from the study, which was conducted with collaborators at nine academic centers using PACT’s proprietary platforms, demonstrated early proof-of-concept that a patient’s immune system can be reprogrammed to recognize their own cancer. The study findings were the focus of a late breaking oral presentation at the 37th Annual Meeting of the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) (SITC 2022), as well as a peer-reviewed paper in Nature that was published in conjunction with SITC (Free SITC Whitepaper) 2022.

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Every patient’s immune system contains T cells that can utilize specific receptors to find and kill cancer cells. Unfortunately, patients often do not have enough of these T cells to mount a complete and effective attack on their cancer. PACT has developed proprietary technology platforms capable of creating engineered tumor-specific TCR-T cell therapies with the potential to address this unmet treatment need. This is accomplished by isolating TCRs directly from the blood of patients and then using CRISPR gene editing to engineer those isolated TCRs back into the patients’ own T cells. Once infused back into the patient, these engineered T cells redirect the patients’ immune system to recognize the patient’s own cancer.

As part of the oral presentation at SITC (Free SITC Whitepaper), researchers reported findings from a Phase 1 study in which 16 patients with solid tumors including colon, breast and lung cancer, were treated with their redirected T cells. The study involved researchers using patients’ blood samples to directly isolate T cells targeting mutations related to each patient’s cancer. These T cells were then sequenced, leading to the identification of 175 unique, cancer specific TCRs and up to three TCRs were selected for each patient as a basis for their individual therapy. The selected TCRs were CRISPR engineered to replace the existing TCR with a cancer-specific one. These T cells were expanded to large numbers and then, up to three TCR cell products were infused back into each patient following a course of conditioning chemotherapy.

The gene edited T cells preferentially trafficked to the tumor and could be recovered from post-infusion biopsies in all patients where biopsies were available. Of note, the CRISPR-edited T cells frequently represented the top 2-20% of immune cells in the tumor and led to tumor size reduction in some lesions of a patient with lung cancer. Patients showed expected side effects caused by conditioning chemotherapy and two patients had potential side effects from the gene edited cells, one with fevers and chills and the other with confusion, both recovering promptly. The study findings demonstrated the PACT therapy to be well tolerated while showing encouraging initial signs of clinical activity.

"This study represents a significant leap forward in efforts to develop a personalized treatment for cancer that utilizes isolated immune receptors that can specifically recognize mutations within a patient’s own cancer," said Antoni Ribas, M.D., Ph.D., professor of medicine and surgery at the University of California, Los Angeles, and a corresponding author of the Nature paper. "This important research was only made possible with several next generation technology platforms developed by the PACT team. Particularly critical to this effort was the newly developed ability to use CRISPR to replace immune receptors in clinical grade cell preparations in a single step. The work highlighted at SITC (Free SITC Whitepaper) and within the Nature paper paves the way for the continued advancement of research aimed at delivering safe and effective, patient specific TCR T cell therapies for the treatment of cancer."

This groundbreaking clinical study offers early proof-of-concept for several cutting-edge steps of the PACT approach to reprogramming a patient’s immune system to recognize and defeat their cancer, including:

Isolating and cloning multiple TCRs from blood that recognize patient specific mutational neoantigens

Utilizing single-step, non-viral precision gene editing with CRISPR to simultaneously knock-out endogenous TCRs and knock-in patient-specific TCRs

Manufacturing clinical grade TCR engineered T cells with a defined composition of up to three TCRs

Safely infusing up to three different gene edited TCR T cell products

Demonstrating the ability of the infused transgenic T cell products to traffic to patient tumors
"We are thrilled to share the findings from this first-in-human clinical trial which met its primary endpoints, demonstrating both the tolerability and feasibility of TCR discovery and manufacturing of a multi-TCR product using complete non-viral gene editing and safety of the infusion of a three TCR product," said Stefanie Mandl, Ph.D., chief scientific officer, PACT Pharma. "We look forward to continuing our research and development efforts in this area as we work to make personalized TCR T cell therapies a reality for all cancer patients. A key element to achieving this goal of broad applicability is our proprietary catalogue of 64 human leukocyte antigens (HLAs), which cover patients of all ethnicities. This is a key differentiator from most current TCR T cell therapies that are limited to only a single HLA molecule that is common in Caucasians."

It is important to note that previous CRISPR-related clinical trials have involved deleting (knocking-out) specific genes to drive immune system activation against cancer or, more recently, inserting (knocking-in) an artificial receptor to guide cancer cell recognition. However, these studies have not combined knocking-out endogenous genes and replacing them with the insertion (knocking-in) of substitute genes isolated from the same patient. In that regard, this PACT clinical trial represents a first-of-its-kind scientific breakthrough.

A copy of the poster affiliated with the oral presentation at the SITC (Free SITC Whitepaper) conference is available on the "Events" page of the PACT Pharma website at: View Source

A copy of the newly published Nature article, entitled, "Non-viral precision T cell receptor replacement for personalized cell therapy," can be accessed at: View Source

J INTS BIO, Novel Oral 4th Generation EGFR TKI ‘JIN-A02’ – Phase 1/2 IND approved by US FDA

On November 11, 2022 J INTS BIO reported on November 9th that it had received approval from the US FDA for its Phase 1/2 clinical trial of its Novel Oral 4th Generation EGFR TKI ‘JIN-A02’ in patients with advanced non-small cell lung cancer (NSCLC) (Press release, J INTS BIO, NOV 11, 2022, View Source;phase-12-ind-approved-by-us-fda-301675174.html [SID1234623858]).

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IND submission is currently ongoing sequentially in territories outside of USA.

‘JIN-A02’ is a Novel Orally administered 4th Generation EGFR TKI, which is highly selective and potent against NSCLC harboring C797S double or triple mutations, presenting in either cis or trans forms. Cis isomer is the most common and currently untreatable. ‘JIN-A02’ also has high blood-brain barrier penetrance with demonstrated in-vivo efficacy.

J INTS BIO is expecting the first patient to be recruited in the US before the end of the year.

New evidence of NeoImmuneTech’s NT-I7 clinical efficacy in combination with pembrolizumab in relapsed/refractory (r/r) gastrointestinal tumors

On November 11, 2022 NeoImmuneTech, Inc. (NIT or "NeoImmuneTech"), a clinical-stage T cell-focused biopharmaceutical company, reported that new data from its phase 2a clinical study NIT-110, at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) 2022 annual meeting (Press release, NeoImmuneTech, NOV 11, 2022, View Source [SID1234623857]). Results showed the clinical efficacy of NT-I7 (efineptakin alfa) when combined with pembrolizumab in checkpoint-inhibitor-naïve microsatellite stable colorectal cancer (CPI-naïve MSS-CRC) and pancreatic cancer (CPI-naïve PaC).

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The oral presentation from Dr. A. Naing (University of Texas MD Anderson Cancer Center) has been focused on the follow-up of two cohorts of patients with relapsed/refractory (r/r) gastrointestinal indications: 25 patients with CPI-naïve MSS-CRC and 25 patients with CPI-naïve PaC. The presentation highlighted results of patients who did not have liver metastasis, which is usually associated with a worse prognosis and is known to be a predictable marker.

While historically anti-PD(L)1 monotherapies have shown no response in these indications[1],[2], results presented at SITC (Free SITC Whitepaper) showed an ORR of 30.8% and a DCR of 69.2% per iRECIST across the groups in patients without liver metastasis (n=13/50). Among the patients without liver metastasis, the probability of survival rate through 60 weeks was 100%, which is significantly higher than in those with liver metastasis. However, in patients with liver metastasis, the combination of NT-I7 plus pembrolizumab also showed clinical benefit. One patient had a partial response with 46% tumor reduction (per iRECIST) even though the patient had 3 liver lesions at baseline.

Immunohistochemistry (IHC) staining confirmed that the combination of NT-I7 plus pembrolizumab boosts CD8+ T cell infiltration in patients regardless of liver metastasis. Data also suggested that increased CD8+ T cell infiltration correlates with higher OS and favors a tumor microenvironment that contributes to the overall high DCR observed in these hard-to-treat CPI-resistant indications.

Dr. Se Hwan Yang, Ph.D., President and Chief Executive Officer of NeoImmuneTech said: "The results presented today at SITC (Free SITC Whitepaper) are very encouraging for patients with relapsed/refractory gastrointestinal indications, whose tumors have not metastasized in liver, where treatment options are very limited. The combination of NT-I7 plus pembrolizumab drives CD8 T-cell infiltration, favoring a tumor microenvironment that contributes to the overall clinical efficacy observed in the study. This is associated with longer overall survival".

NIT oral presentation at the 2022 SITC (Free SITC Whitepaper) Annual Meeting:

CD8 T-cell infiltration in immune-excluded liver metastasis in MSS-Colorectal and Pancreatic cancer in patients treated with NT-I7 and pembrolizumab

• poster#657

About NT-I7 (efineptakin alfa) (rhIL-7-hyFc)
NT-I7 (efineptakin alfa) is the only clinical-stage long-acting human IL-7 and is being developed in oncologic and immunologic indications, where T cell amplification and increased functionality may provide clinical benefit. IL-7 is a fundamental cytokine for naïve and memory T cell development and sustaining immune response to chronic antigens (as in cancer) or foreign antigens (as in infectious diseases). NT-I7 exhibits favorable PK/PD and safety profiles, making it an ideal combination partner. NT-I7 is being studied in multiple clinical trials in solid tumors and as vaccine adjuvant. Studies are being planned for testing in hematologic malignancies, additional solid tumors and other immunology-focused indications.