Allarity Therapeutics Doses First Patient in Phase 1b Clinical Trial Evaluating Dovitinib and Stenoparib Combination in Advanced Solid Tumors

On March 20, 2023 Allarity Therapeutics, Inc. (Nasdaq: ALLR) ("Allarity" or the "Company"), a clinical-stage pharmaceutical company developing novel oncology therapeutics together with drug-specific DRP companion diagnostics for personalized cancer care, reported that it has dosed the first patient in a Phase 1b clinical study evaluating the combination of stenoparib and dovitinib for the treatment of advanced solid tumors, including ovarian cancer (Press release, Allarity Therapeutics, MAR 20, 2023, View Source [SID1234629051]).

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Currently, approximately 70 percent of patients diagnosed with ovarian cancer will experience recurrences.1 However, PARP inhibitors have improved the treatment outlook for many patients who have completed initial treatment with surgery and platinum-based chemotherapy. The strategy underscoring Allarity’s combination of dovitinib and stenoparib is to address the unmet need of ovarian cancer patients, as well as those with other solid tumors, who currently do not benefit from the existing PARP inhibitor treatments.

"Having investigated novel combinations of anticancer agents, including a PARP inhibitor and an anti-angiogenic therapeutic , we have seen improved efficacy. Combining a PARP i nhib i tor with a p an- t yrosine k inase (PTK) i nhibitor , we are also anticipating efficacy in homologous recombination proficient tumors " stated Kathleen N. Moore, MD, MS, Associate Director of Clinical Research, Director of the Oklahoma TSET/Sarah Cannon Phase I Drug Development Unit, Professor of the Section of Gynecologic Oncology at the Stephenson Cancer Center, and the Principal Investigator for Allarity’s Phase 1b study. "I look forward to working with patients and the clinical team at Allarity to determine if the particular combination of dovitinib and stenoparib can provide synergistic therapeutic benefitsand improve outcomes for patients, including those with ovarian cancer."

Study Design

The two-part, open label multicenter Phase 1b program will first evaluate the safety and anti-cancer activity, and determine the maximum tolerated dose (MTD), of stenoparib administered twice a day in participants with advanced solid tumors. The second portion of the study will evaluate safety and anti-cancer activity and determine the MTD of dovitinib when given in combination with the MTD of stenoparib determined in the first cohort.

The Phase 1b trial is designed with a target enrollment of up to 36 patients with advanced solid tumors, focusing on specific tumor types that Allarity anticipates will be most responsive to the drug combination. Researchers will analyze patient tumor samples retrospectively using Allarity’s DRP companion diagnostics for stenoparib and dovitinib. The purpose of this analysis is to further validate the DRP companion diagnostics in advance of an anticipated DRP-guided Phase 2 trial of the dovitinib and stenoparib combination in second line or later metastatic ovarian cancer, targeted for H2 2024.

Study Rationale

Stenoparib is a small molecule, dual-targeted inhibitor of Poly ADP-Ribose Polymerases (PARP 1 and 2) and tankyrase 1 and 2. It works by limiting cancer’s ability to repair single stranded DNA breaks within tumors, which in turn makes tumor cells more vulnerable to death (apoptosis). Dovitinib is a pan-tyrosine kinase inhibitor (pan-TKI), and its mechanisms of action (MOA) works in part to block the formation of new blood vessels that supply a tumor with nutrients and oxygen (anti-angiogenesis), as well as to alter homologous recombination (HR) proficient to HR deficient tumors by down-regulation of HR. As these combined MOAs serve to promote cancer cell vulnerability and restrict blood flow necessary to fuel cancer growth and repair, Allarity believes the combination may cause synthetic lethality, thereby increasing the chances of cancer cell death and providing synergistic, enhanced anti-tumor activity.

"I am very pleased that we have initiated our first combination therapy trial, an important milestone in our pipeline strategy focused on identifying unmet needs in which combination therapies may benefit patients with hard-to-treat cancers ," said James G. Cullem, Allarity’s Chief Executive Officer. "Given that we own both of these assets, the development of this combination benefits from our existing drug supply and manufacturing pathways, and, subject to our ability to raise additional capital to support the study, should enable us to efficiently conduct the Phase 1b dosing portion of the study with an anticipated data readout in the first half of 2024." Mr. Cullem further noted, "Our clinical team, together with Dr. Moore and our Scientific Advisory Board, have smartly designed this Phase 1b study to both identify early signs of therapeutic benefit in likely-to-respond tumor types, as well as to assess the ability of Allarity’s DRP companion diagnostics for stenoparib and dovitinib to identify responder patients."

The initiation of a new combination trial marks a previously-announced shift in the Company’s clinical-stage activities toward development of combination therapies (that are dependent upon the Company’s ability to raise sufficient capital to support these new trials), and reflects the Company’s commitment to delivering innovative treatments that address unmet medical needs and improve patient outcomes.

Allarity holds exclusive, global commercial rights to both dovitinib and stenoparib.

About the Drug Response Predictor – DRP Companion Diagnostic

Allarity uses its drug-specific DRP companion diagnostic to select those patients who, by the genetic signature of their cancer, are found to have a high likelihood of responding to a specific drug. By screening patients before treatment, and only treating those patients with a sufficiently high DRP score, Allarity believes that the therapeutic response rate can be significantly increased. The DRP method builds on the comparison of sensitive versus resistant human cancer cell lines, including transcriptomic information from cell lines combined with clinical tumor biology filters and prior clinical trial outcomes. DRP is based on messenger RNA from patient biopsies. The DRP platform has demonstrated its ability to provide a statistically significant prediction of the clinical outcome from drug treatment in cancer patients in 37 out of 47 clinical studies that were examined (both retrospective and prospective), including ongoing, prospective Phase 2 trials of stenoparib and IXEMPRA. The DRP platform, which can be used in all cancer types and is patented for more than 70 anticancer drugs, has been extensively published in peer reviewed literature.

Tiziana Life Sciences Announces Purchase of Common Shares by Chairman and Acting CEO

On March 20, 2023 Tiziana Life Sciences Ltd. (Nasdaq: TLSA) ("Tiziana" or the "Company"), a biotechnology company enabling breakthrough immunotherapies via novel routes of drug delivery, reported that it has been notified that Gabriele Cerrone, its Chairman and Acting Chief Executive Officer, purchased 45,000 common shares at $0.66 per share, bringing his total holding to 38,685,737 common shares (Press release, Tiziana Life Sciences, MAR 20, 2023, View Source [SID1234629050]).

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About Foralumab

Activated T cells play an important role in the inflammatory process. Foralumab, the only fully human anti-CD3 monoclonal antibody (mAb), binds to the T cell receptor, dampens inflammation by modulating T cell function, thereby suppressing effector features in multiple immune cell subsets, an effect demonstrated in patients with COVID and with multiple sclerosis, as well as in healthy normal subjects. Intranasal foralumab Phase 2 trials are expected to start in Q3 2023 in patients with non-active SPMS. Immunomodulation by nasal anti-CD3 mAb represents a novel avenue for treatment of inflammatory human diseases.

Novo Nordisk A/S – Share repurchase programme

On March 20, 2023 Novo Nordisk reported that it has initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules") (Press release, Novo Nordisk, MAR 20, 2023, View Source [SID1234629047]). This programme is part of the overall share repurchase programme of up to DKK 28 billion to be executed during a 12-month period beginning 1 February 2023.

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Under the programme initiated 1 February 2023, Novo Nordisk will repurchase B shares for an amount up to DKK 5.6 billion in the period from 1 February 2023 to 2 May 2023.

Since the announcement 13 March, the following transactions have been made:


Number of

B shares

Average

purchase price

Transaction

value, DKK

Accumulated, last announcement 2,570,171 2,526,273,159
13 March 2023 91,000 988.62 89,964,590
14 March 2023 90,000 985.20 88,667,601
15 March 2023 90,000 993.39 89,404,678
16 March 2023 92,000 980.18 90,176,584
17 March 2023 92,000 986.22 90,732,484
Accumulated under the programme 3,025,171 2,975,219,097

The details for each transaction made under the share repurchase programme are published on novonordisk.com

With the transactions stated above, Novo Nordisk owns a total of 30,171,497 B shares of DKK 0.20 as treasury shares, corresponding to 1.3% of the share capital. The total amount of A and B shares in the company is 2,280,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 28 billion during a 12- month period beginning 1 February 2023. As of 17 March 2023, Novo Nordisk has since 1 February 2023 repurchased a total of 3,025,171 B shares at an average share price of DKK 983.49 per B share equal to a transaction value of DKK 2,975,219,097.

Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat diabetes and other serious chronic diseases such as obesity and rare blood and endocrine disorders. We do so by pioneering scientific breakthroughs, expanding access to our medicines, and working to prevent and ultimately cure disease. Novo Nordisk employs about 54,400 people in 80 countries and markets its products in around 170 countries. Novo Nordisk’s B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Twitter, LinkedIn and YouTube.

Link Cell Therapies Announces Foundational Publication in Nature Unveiling Novel CAR T Cell Technology Designed to Kill Cancers without Off-Tumor Toxicity

On March 20, 2023 Link Cell Therapies, a biotechnology company expanding the universe of solid and hematologic cancer antigens that can be safely and effectively targeted with T cell therapies, reported a milestone publication in the journal Nature (Press release, Link Cell Therapies, MAR 20, 2023, View Source [SID1234629046]). The paper, titled "Co-opting signaling molecules enables logic-gated control of CAR T cells,"details the company’s LINK CAR technology, a logic-gated system engineered to bypass traditional T cell signaling machinery to optimize and customize CAR T cell responses, killing solid tumors without on-target, off-tumor toxicity.

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Link Cell Therapies was launched in May of 2022 with $12M in seed funding by Samsara BioCapital and Sheatree Capital. The company is also developing two additional platform technologies beyond LINK, including ZAP and BOOST, to overcome some of the most significant hurdles facing CAR T therapies. ZAP is geared to reduce T cell exhaustion by engaging the ZAP-70 signaling pathway. BOOST amplifies CAR and TCR signaling to avoid T cell evasion associated with low target antigen expression.

"While CAR-T cells have revolutionized the treatment of hematologic cancers, they have not achieved the same success in solid tumor cancers. One reason is that in solid tumors, it is difficult to find targets that are expressed on cancer cells and not also found on healthy cells," said Robbie Majzner, MD,co-founder of Link Cell Therapies and Assistant Professor of Pediatrics in Hematology/Oncology at Stanford University. "Drawing insights from native T cell signaling networks, we have successfully engineered a logic-gating system that requires two antigens expressed on the same tumor cell to selectively control CAR T cell activity."

Pre-clinical findings published in the March 15th issue of Nature show that the downstream signaling molecules LAT and SLP-76 can be repurposed into surface receptors that enhance the function and specificity of CARs through Boolean logic AND-gating. When paired together, LAT and SLP-76 enabled AND-gating and further mediated robust CAR activity in mouse models of cancer.

"Logic-gates are an increasingly important focus in oncology drug discovery," said Crystal Mackall, MD, co-founder of Link Cell Therapies and Founding Director of the Stanford Center for Cancer Cell Therapy. "Link Cell Therapies’ LINK CAR is the first true and reversible Boolean logic AND-gate system in which recognition of two antigens expressed on the same cell is required to achieve killing of tumor cells while sparing normal cells."

Conventional logic CAR systems have shortcomings in either specificity or efficacy in vivo. Using an in vitro toxicity model, the study authors confirmed that competing logic-gate systems mediated unwanted bystander killing of single antigen positive cells, whereas LINK CAR T cells eradicated double-positive tumor cells and avoided single-antigen-positive cells. When tested in an in vivo setting, only LINK CARs showed tumor regression without any signs of on-target, off-tumor toxicity.

Link Cell Therapies plans to investigate its LINK CAR platform further using patient samples and single-cell technologies to identify and validate safe and effective targets.

"Samsara prides itself on partnering with founders to launch companies that are advancing truly innovative technologies in difficult therapeutic areas where treatment options for patients are limited," said Abe Bassan, Interim President of Link Cell Therapies and Principal at Samsara BioCapital. "These advances could have a broad impact, not only in the field of cancer immunotherapy but also as researchers demonstrate the impact of CAR T cells in additional therapeutic areas."

Transactions in connection with share buy-back program

On March 20, 2023 Genmab reported the initiation of a share buy-back program to honor our commitments under our Restricted Stock Units program (Press release, Genmab, MAR 20, 2023, View Source [SID1234629045]).

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The share buy-back program is expected to be completed no later than March 31, 2023 and comprises up to 220,000 shares.

The following transactions were executed under the program from March 13, 2023, to March 17, 2023:

No. of shares Average price (DKK) Total value (DKK)
Accumulated through last announcement 133,000 342,851,540
March 13, 2023 8,000 2,447.52 19,580,160
March 14, 2023 8,000 2,507.62 20,060,960
March 15,2023 6,000 2,511.67 15,070,020
March 16, 2023 6,000 2,494.93 14,969,580
March 17, 2023 6,000 2,516.56 15,099,360

Total 34,000 84,780,080
Accumulated under the program 167,000 427,631,620
Details of each transaction are included as an appendix to this announcement.

Following these transactions, Genmab holds 710,416 shares as treasury shares, corresponding to 1.08% of the total share capital and voting rights.

The share buy-back program is undertaken in accordance with Regulation (EU) No. 596/2014 (‘MAR’) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the "Safe Harbour Regulation." Further details on the terms of the share buy-back program can be found in our company announcement no. 06 dated February 22, 2023.