Roche receives FDA approval for VENTANA MMR RxDx Panel to identify dMMR solid tumour patients and pMMR endometrial cancer patients eligible for KEYTRUDA

On August 11, 2022 Roche (SIX: RO, ROG;OTCQX: RHHBY) reported US Food and Drug Administration (FDA) approval of a label expansion for the VENTANA MMR RxDx Panel (Press release, Hoffmann-La Roche, AUG 11, 2022, View Source [SID1234618185]). This approval advances the company’s commitment to personalised healthcare through tests that determine which patients are most likely to respond to specific and targeted therapies .

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The VENTANA MMR RxDx Panel is the first immunohistochemistry (IHC) companion diagnostic test to aid in identifying patients whose solid tumours are deficient in DNA mismatch repair (dMMR), and who may be eligible for KEYTRUDA (pembrolizumab). The panel is also the first companion diagnostic test to aid in identifying endometrial cancer patients whose tumours are proficient in DNA mismatch repair (pMMR), and who may be eligible for a combination of KEYTRUDA and the tyrosine kinase inhibitor (TKI) LENVIMA (lenvatinib). The test evaluates a panel of MMR proteins in tumours to provide important treatment information to clinicians.

"Roche is committed to advancing personalised healthcare options for all solid tumour patients," said Jill German, Head of Pathology, Roche Diagnostics. "As the first companion diagnostic of its kind, our test provides patients with access to multiple therapies, enabling targeted treatment. We are pleased that our innovative companion diagnostic portfolio continues to grow to serve more patients."

MMR is a naturally occurring mechanism that scans our DNA, correcting errors that cause disease. When MMR is deficient (dMMR), cells mutate, which can lead to cancer. While MMR deficiency is most common in endometrial cancer, other high-prevalence dMMR tumour types include gastric, colorectal, small intestine, cervical and neuroendocrine cancers. In the US, prevalence of dMMR across patients with solid tumours has been estimated at 14 percent.1 PD-1 inhibitors can be an effective treatment in cancers with MMR deficiency. For endometrial cancer patients without this MMR deficiency (pMMR) PD-1 inhibitors may retain activity when combined with a tyrosine kinase inhibitor (TKI).

FDA approval of the label expansion for the VENTANA MMR RxDx Panel provides clinicians with access to a fully automated panel of MMR biomarkers tested by IHC. This label expansion follows the April 2021 FDA approval of the VENTANA MMR RxDx Panel as the first IHC predictive test to identify endometrial carcinoma patients eligible for treatment with the anti-PD1 immunotherapy JEMPERLI (dostarlimab-gxly). That approval was expanded for the following indications on the dates below:

August 2021 – dMMR solid tumour patients for treatment with JEMPERLI
March 2022 – dMMR solid tumour patients for treatment with KEYTRUDA
June 2022 – pMMR solid tumour patients for treatment with a combination of KEYTRUDA and LENVIMA
Cancer is the second leading cause of death worldwide, with nearly 10 million deaths annually.2, 3 Endometrial cancer is the most common gynaecological cancer in the U.S. and the fourth most common cancer in women in North America.4

About the VENTANA MMR RxDx Panel
This approval for the VENTANA MMR RxDx Panel is a label expansion of Roche’s current on-market panel. The VENTANA MMR RxDx Panel is intended for the assessment of expression of MMR proteins in formalin-fixed, paraffin-embedded (FFPE) tumour tissue stained with OptiView DAB IHC Detection Kit and ancillary reagents in the panel for VENTANA anti-MLH1 (M1), VENTANA anti-MSH2 (G219-1129) and VENTANA anti-MSH6 (SP93) and OptiView DAB IHC Detection Kit with the OptiView Amplification Kit and ancillary reagents for VENTANA anti-PMS2 (A16-4) on a BenchMark ULTRA instrument.

DNA mismatch repair (MMR) proteins have been clinically proven to be predictive biomarkers for PD-1 targeted therapy; specifically, a loss of expression of one or more MMR proteins might predict an increased likelihood of response to such therapy.5,6,7 PD-1 inhibitors can be effective in cancers with MMR deficiency.5,7 MMR is a conserved molecular mechanism that functions to correct the improper base substitutions that spontaneously occur during DNA replication. Defects in the MMR machinery have been attributed to mutations in the MMR proteins. Read more about Roche’s innovation in MMR biomarker testing.

About KEYTRUDA in MSI-H or dMMR cancer in solid tumours
In May 2017, KEYTRUDA became the first cancer treatment approved by the U.S. Food and Drug Administration for a tissue-agnostic indication.8 The FDA granted accelerated approval to KEYTRUDA for the treatment of adult and paediatric patients with unresectable or metastatic, microsatellite instability-high or mismatch repair deficient solid tumours, as determined by an FDA-approved test, that have progressed following prior treatment and who have no satisfactory alternative treatment options.

About KEYTRUDA in endometrial carcinoma
Subsequently, KEYTRUDA was approved by the FDA in combination with lenvatinib, for the treatment of patients with advanced endometrial carcinoma that is not MSI-H or dMMR, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation and as a single agent, for the treatment of patients with advanced endometrial carcinoma that is MSI-H or dMMR, as determined by an FDA-approved test, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation.

Oncopeptides publishes Q2 report 2022

On August 11, 2022 Oncopeptides AB (publ) (NASDAQ Stockholm: ONCO), a biotech company focused on research and development of therapies for difficult-to-treat hematological diseases, reported for the second quarter 2022 (Press release, Oncopeptides, AUG 11, 2022, View Source [SID1234618184]).

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"CHMPs recommendation to grant Pepaxti a full marketing authorization approval in EU is foundational for Oncopeptides," says Jakob Lindberg, CEO of Oncopeptides. "This is excellent news for patients, shareholders, and for the future development of Oncopeptides."

Financial overview April-June

Net sales amounted to SEK 8.8 M (66.4)
Operating profit was SEK -61.1 M (-344.8)
Net profit amounted to SEK -59.8 M (-24.1)
Profit per share, before and after dilution, amounted to SEK -0.79 (-0.32)
Cash balances at the end of the period amounted to SEK 90.8M (999.4)
Financial overview January-June

Net sales amounted to SEK 8.8 M (85.7)
Operating profit was SEK -160.0 M (-692.2)
Net profit amounted to SEK -158.4 M (-258.8)
Profit per share, before and after dilution, amounted to SEK -2.10 (-3.63)
Cash balances at the end of the period amounted to SEK 90.8M (999.4)
Significant events April-June

CHMP, the European Medicines Agency´s Committee for Medicinal Products for Human Use, unanimously recommended the European Commission to grant a full marketing authorization approval of Pepaxti in the EU
Events after the period

Direct share issue raising approximately SEK 435.6 million (USD 41.1 million) before transaction costs
FDA has announced an ODAC, a public meeting with the Oncologic Drugs Advisory Committee, on September 22, to discuss benefit/risk of Pepaxto
Conference call for investors, analysts, and media

Investors, analysts, and media are invited to participate in a webcast and a following QnA session today at 14:00 (CET). The event will be hosted by CEO Jakob Lindberg, together with CMO Klaas Bakker and CFO Annika Muskantor. The presentation will be held in English.

The webcast will be streamed via View Source, and is also available on the corporate website: www.oncopeptides.com. PIN-code for participants is 4998014#

Rolf Gulliksen, Global Head of Corporate Communications, Oncopeptides AB (publ)
E-post: [email protected]
Mobil: + 46 70 262 96 28

The information in the press release is information that Oncopeptides is obliged to make public pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication, through the agency of the contact persons above, on August 11, 2022, at 08.00 (CET).

Nouscom announces leading publication revealing an immune mechanism of action driving anti-tumor activity of adenovirus vectored vaccines and anti-PD1 immunotherapy

On August 11, 2022 Nouscom, a clinical stage immuno-oncology company developing off-the-shelf and personalized viral vectored immunotherapies, reported the publication in Science Translational Medicine of preclinical and clinical research describing a novel mechanism of action driven by its viral vector-based vaccine platform encoding tumor neoantigens (Press release, NousCom, AUG 11, 2022, View Source [SID1234618183]).

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The publication, entitled ‘Adenoviral based-vaccine promotes neoantigen specific CD8+ T cell stemness and tumor rejection’ demonstrates how Nouscom’s platform when given in combination with anti-PD-1 immunotherapy promotes the expansion and diversification of CD8+ T cells that are specific for the neoantigens encoded by its vaccine. These T cells were shown to exhibit a stem-like phenotype capable of infiltrating the tumor microenvironment and evolving into effector-memory CD8+ T cells.

This mechanism was characterized in a preclinical model of colorectal cancer and confirmed in a Phase 1b trial in metastatic gastrointestinal patients with microsatellite instability-high (MSI-H) tumors who saw durable clinical responses when treated with NOUS-209 in combination with anti-PD1.

Encouraging safety, immunogenicity, clinical efficacy and translational data from a fully enrolled Phase 1b trial were presented at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) and American Society Clinical Oncology (ASCO) (Free ASCO Whitepaper) congresses earlier this year.

Dr. Elisa Scarselli, Chief Scientific Officer of Nouscom, said: "This study published in Science Translational Medicine provides new insights into how our adenoviral vector-based cancer vaccine platform can drive clinical efficacy beyond that seen with checkpoint inhibition alone. Our platform allows us to encode for an unprecedented number of neoantigens and is capable of eliciting both a high quality and quantity T cell response for effective anti-tumor control. This mechanism has been validated in both preclinical studies and observed in patients and furthers our understanding of the clinical potential of adenoviral based cancer vaccines. We remain excited for the start of multiple Phase 2 clinical trials of NOUS-209 in the second half of 2022."

Dr Luigia Pace, Head of the Armenise-Harvard Laboratory of Immunoregulation at the Italian Institute for Genomic Research (IIGM), c/o Candiolo Cancer Institute, FPO-IRCCS, Candiolo, Italy said: "Adenovirus vectored vaccines, expressing tumor-associated neoantigens is one of the most promising approaches to boost CD8+ T cell dependent anti-tumor immunity. In collaboration with Nouscom, we have uncovered the mechanistic details on how such vaccines may work by expansion and diversification of neoantigen-specific CD8+ T cells with a stem-like phenotype, leading to improved therapeutic responses".

References

A.M. D’Alise et al. Adenoviral Based-Vaccine Promotes Neoantigen Specific CD8+ T Cell Stemness And Tumor Rejection, Science Translational Medicine.

Online publication: www.science.org/doi/10.1126/scitranslmed.abo7604

Mallinckrodt plc Reports Second Quarter 2022 Financial Results and Provides 2022 Financial Guidance

On August 11, 2022 Mallinckrodt plc (OTCMKTS: MNKPF) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, reported results for the second quarter ended July 1, 2022,1 and provided guidance for full year 2022 (Press release, Mallinckrodt, AUG 11, 2022, View Source [SID1234618182]).

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"This quarter represented an important moment for Mallinckrodt as we began the work of turning the business around and moving forward with renewed focus on our patients, products, pipeline and people following the completion of our financial reorganization," said Siggi Olafsson, President and Chief Executive Officer. "While the Company has faced many challenges, we have a strong foundation and significant potential, which is why I am excited to lead Mallinckrodt alongside the new Board of Directors. Together, we are focused on Mallinckrodt’s future and re-energizing the organization around our shared passion for making an impact on patients’ lives by addressing unmet medical needs. Mallinckrodt today benefits from significant liquidity, meaningful cash flows from operations, a solid U.S. commercial platform and competitive positioning in Critical Care and Immunology. While we have work to do, the foundational pieces are in place to stabilize the core brands and return the business to sustainable growth and profitability over time."

Mr. Olafsson continued, "Our results for the quarter and our outlook for the year reflect the challenges we continue to face across the business. As we work to chart Mallinckrodt’s path forward, our near-term priorities include strengthening the Company’s balance sheet and continuing to generate strong cash flow; stabilizing our portfolio and maximizing opportunities for our in-market products; and investing strategically in our pipeline with a focus on potential cash contribution and return on investment. We’re confident that by executing on our plans, we can create long-term value for our stakeholders while improving outcomes for patients with severe and critical conditions."

Second Quarter 2022 Financial Results1
Mallinckrodt’s net sales in the second quarter included $383.7 million in the predecessor period and $85.0 million in the successor period for total net sales in the quarter of $468.7 million, as compared to $546.4 million. This reflects a decrease of 14.2% on a reported basis and 13.8% on a constant currency basis.

The Company’s Specialty Brands segment reported net sales of $247.7 million in the predecessor period and $58.2 million in the successor period for a total of $305.9 million, as compared to $381.5 million. This reflects a decrease of 19.8% on a reported basis and 19.2% on a constant currency basis, primarily due to the impacts of competition on certain products including Acthar Gel (repository corticotropin injection), INOmax (nitric oxide) gas and Therakos immunology platform, the continued impact of the COVID-19 pandemic to product utilization and continued payer scrutiny on overall specialty pharmaceutical spending.

Mallinckrodt’s Specialty Generics segment reported net sales of $136.0 million in the predecessor period and $26.8 million in the successor period for a total of $162.8 million, as compared to $164.9 million. This reflects a decrease of 1.3% on a reported basis and 1.2% on a constant currency basis, primarily due to a reduction of dosage opioids and controlled substances active pharmaceutical ingredients (API) net sales, offset partially by net sales growth in acetaminophen (APAP).

The Company’s net loss for the second quarter of 2022 included $193.5 million in the predecessor period and $63.7 million in the successor period for an aggregate net loss of $257.2 million, as compared to a net loss of $105.8 million.

Mallinckrodt’s Adjusted EBITDA was $126.0 million in the predecessor period and $30.3 million in the successor period for total Adjusted EBITDA in the second quarter of $156.3 million, as compared to $199.5 million. This reflects a decrease of 21.7%, primarily due to lower net sales, negative impact from foreign currency, investments associated with the launch of StrataGraft (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen – dsat) and launch preparedness for terlipressin, partially offset by other reductions in selling, general and administrative (SG&A) expenses and research and development (R&D) expenses as the Company has undertaken specific actions over the past year to reduce the overall cost structure.

The Company’s cash balance at the end of the second quarter was $354.7 million. In addition, Mallinckrodt maintains a new undrawn $200 million accounts receivable financing facility closed in conjunction with emergence and ended the quarter with greater than $550 million in liquidity. Total principal debt outstanding at the end of the second quarter was $3.604 billion, with net debt of $3.249 billion, which differs from the balance sheet due to fresh-start accounting and excludes ongoing annual settlement payments.

Bryan Reasons, EVP and Chief Financial Officer, said, "Having eliminated more than $1.3 billion in debt principal and closed a new $200 million accounts receivable financing facility with the overhang and expense of the opioid litigation now behind us, we have a clear path forward to continue operating the business in a responsible manner and delivering benefits to patients. Looking ahead, we are focused on further reducing debt as we continue enhancing operating efficiencies and generating additional cash through the successful execution of our strategic priorities."

2022 Financial Guidance
For the full-year 2022, Mallinckrodt expects:

The Company does not provide a reconciliation of forward-looking non-GAAP guidance to the comparable GAAP measures as these items are inherently uncertain and difficult to estimate and cannot be predicted without unreasonable effort. Please see the "Reconciliation of Non-GAAP Financial Guidance" included in this release for a reconciliation of GAAP and non-GAAP financial measures for the second quarter and year to date.

Conference Call and Webcast
Mallinckrodt will hold a conference call today, August 11, 2022, at 8:30 a.m. Eastern Time to discuss the results of its financial performance for the second quarter 2022. The live call and subsequent replay can be accessed as follows:

Directly via the webcast link (live and replay): View Source
At the Company’s website: http://www.mallinckrodt.com/investors

Synlogic Announces Synthetic Biotic for Gout Developed in Partnership with Ginkgo Bioworks

On August 11, 2022 Synlogic, Inc. (Nasdaq: SYBX), a clinical-stage biotechnology company developing medicines for metabolic and immunological diseases through its proprietary approach to synthetic biology, reported a new drug candidate for the treatment of gout developed in partnership with Ginkgo Bioworks (NYSE: DNA), the leading horizontal platform for cell programming (Press release, Synlogic, AUG 11, 2022, View Source [SID1234618181]). The new candidate, SYNB2081, is a Synthetic Biotic and is the second product to advance to clinical development through a research collaboration between Synlogic and Ginkgo, following the investigational new drug candidate SYNB1353 for the potential treatment of homocystinuria (HCU).

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Gout is a complex form of inflammatory arthritis that occurs when excess uric acid in the body forms crystals in the joints. Patients experience symptoms such as intense joint pain, inflammation and redness, and limited range of motion in the affected joints. Current treatment options present limitations in both safety and efficacy, highlighting a need for new approaches. In addition, gout is a recognized risk factor in chronic kidney disease. SYNB2081 is a Synthetic Biotic designed to lower uric acid.

"With our second drug candidate into clinical development, this not only demonstrates the value of combining Ginkgo’s platform with our Synthetic Biotic platform, but also highlights the potential to develop Synthetic Biotics across a range of diseases, giving us the potential to provide meaningful new treatment options to patients in need," said Dr. David Hava, Chief Scientific Officer, Synlogic.

SYNB2081 is named after one of the largest and best-preserved Tyrannosaurus rex specimens in the world. Nicknamed "Sue," the specimen is housed at the Field Museum in Chicago and is officially named FMNH PR 2081. Data from "Sue" suggests that dinosaurs like the Tyrannosaurus rex suffered from gout much in the same way as other reptiles and birds do.

"The advancement of SYNB2081 and SYNB1353 are clear indicators of the transformative platform Synlogic has created to develop new Synthetic Biotics through synthetic biology," said Patrick Boyle, Head of Codebase for Ginkgo. "We’re honored to work with the Synlogic team in this pioneering next step to potentially help patients living with gout. As we’ve seen the Synlogic pipeline develop over the past year, we’re eager to continue supporting Synlogic in generating additional therapeutic candidates."