Biomea Fusion To Present Two Preclinical Posters at the 114th AACR Annual Meeting

On April 13, 2023 Biomea Fusion, Inc. ("Biomea")(Nasdaq: BMEA), a clinical-stage biopharmaceutical company dedicated to discovering and developing novel covalent small molecules to treat and improve the lives of patients with genetically defined cancers and metabolic diseases, reported the upcoming presentation of two preclinical abstracts at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) Annual Meeting in Orlando, Florida from April 14-19, 2023 (Press release, Biomea Fusion, APR 13, 2023, View Source [SID1234630035]).

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"Building on the preclinical data presented last year, we continued our translational work and are excited to again report the superior potency observed ex vivo of BMF-219 in comparison to a new investigational clinical agent for CLL, pirtobrutinib, and the well-profiled first in class irreversible BTK inhibitor, ibrutinib. Treatment with BMF-219 also induced dose-dependent reduction in the expression of menin target genes MEN1, BCL2 and MYC and was observed to alter key pathways in CLL patient samples, thereby providing further support to clinically investigate BMF-219 as a potential novel therapeutic agent," said Mini Balakrishnan, PhD, Executive Director of Biology at Biomea Fusion.

Biomea’s preclinical posters will be made available at View Source following presentation at the meeting.

Covalent menin inhibitor, BMF-219, impacts key gene signatures and molecular pathways in chronic lymphocytic leukemia patient-derived models

Session Category / Session Title: Experimental and Molecular Therapeutics / Novel Antitumor Agents 1

Session Date and Time: Sunday, April 16, 2023; 1:30 PM -5:00 PM ET

Location: Orange County Convention Center, Poster Section 17

Abstract / Poster: 473 / 4

Abstract Text:

Chronic lymphocytic Leukemia (CLL) is the most common type of adult leukemia characterized by clonal proliferation of malignant B-lymphocytes. Although standard-of-care agents are well tolerated in CLL, patients with certain genetic subsets of the disease continue to display poor response to these therapeutic regimens. Menin is an epigenetic protein that drives oncogenic function through transcriptional regulation directed by its interactions with various protein partners. In the B-cell maturation pathway, menin regulates a distinct set of genes targets (Li et al., 2013). We previously described the potent activity of BMF-219, a selective covalent oral menin inhibitor, against a diverse panel of CLL patient specimens with various cytogenetic and mutational backgrounds, including TP53 and NOTCH1 mutations. We also reported the ability of BMF-219 to downregulate the anti-apoptotic gene, BCL2, an established major driver of CLL, in acute leukemia cells. Here, we provide insights into the molecular impact of BMF-219 in CLL patient samples, as revealed through gene expression profiling of CLL specimens from BTK-inhibitor experienced patients that represent clinical profiles of TP53 mutated and complex cytogenetic backgrounds (del 13q, del 6q). BMF-219 displayed on-target activity through dose dependent reduction of the target gene, MEN1, in the treated patient samples. Differential gene expression analysis revealed alteration of additional novel gene targets, including reduction of BCL2 and genes modulated in response to prior BTK-inhibitor treatment. Gene set enrichment analysis highlighted top altered molecular pathways in BMF-219 treated CLL models. Notably, the KRAS signaling pathway was a top downregulated pathway in the BMF-219 treated CLL samples. We previously reported KRAS to be impacted by BMF-219 in solid tumor indications. Gene ontology analysis of biological processes and molecular function identified additional novel mechanisms elicited by BMF-219 in these treated CLL models. Furthermore, we provide new data demonstrating the superior potency of BMF-219 and ability to achieve >98% growth inhibition in ex vivo cultured CLL patient specimens when compared to new investigational drugs currently in clinical development and established standard-of-care agents for CLL. Collectively, these data demonstrate the mechanistic impact of BMF-219 on key gene targets and molecular pathways modulated by covalent menin inhibition, further highlighting its potential as a novel therapeutic agent in CLL.

Combinatorial approach using covalent menin inhibitor, BMF-219, and/or covalent FLT3 inhibitor, BMF-500, with MEK or BCL2 blockade potentiates therapeutic use in AML

Session Category / Session Title: Experimental and Molecular Therapeutics / Novel Antitumor Agents, PI3K/AKT Inhibitors, Proteasome Inhibitors, and Topoisomerases

Session Date and Time: Tuesday, April 18, 2023; 1:30 PM -5:00 PM ET

Location: Orange County Convention Center, Poster Section 15

Abstract / Poster: 4939 / 17

Abstract Text:

Introduction:

Acute myeloid leukemia (AML) is a clinically and genetically heterogeneous disease characterized by a highly diverse genomic landscape. Despite recent advances in therapies, treatment outcome remains variable and largely defined by genomic abnormalities such as gene fusions, copy number alterations and point mutations. Mutations in epigenic modifiers, nucleophosmin (NPM1c), signaling and kinase pathway such as KMT2A-re-arrangements (KMT2A-r), internal tandem duplication (ITD) insertions in FLT3, and NRAS mutations are amongst the highest alterations in AML patients with a propensity towards poor response to treatment and overall disease outcome. Such limitations impact the ability to achieve long-lasting response to treatment and result in therapy-induced resistance eventually leading to relapse. Combinatorial strategies are required to combat resistance and maximize duration of antitumor activity.

BCL2 and MEK blockade in combination with menin and/or FLT3 inhibitors potentiates an improved therapeutic strategy to achieve increased antitumor activity and overcome AML resistance. Here we explored the use of our clinical-stage covalent menin inhibitor, BMF-219, and BMF-500, a covalent FLT3 inhibitor, in combination with each other and in combination with BCL2 and MEK inhibitors in MV-4-11 and MOLM-13 cell lines for 4-days, then viability was measured using CellTiter Glo.

Results:

BMF-219 and BMF-500 as single agents induce effective antitumor activity on MOLM-13 and MV-4-11 cells lines. When dosed in combination, BMF-219 and BMF-500 show beneficial effects affording higher cell killing at lower concentrations. Repeated experiments revealed patterns of increased cell killing is achieved when trametinib, MEK inhibitor, and venetoclax, BCL2 inhibitor, are combined with BMF-219 treatment.

Conclusions:

Collectively, our studies demonstrate the utility of combination strategies to achieve higher antileukemic cell killing with reduced concentrations of menin and FLT3 covalent inhibitors. Additionally, we show benefit of combinatorial approaches of menin and FLT3 covalent inhibitors with MEK and BCL2 blockade. These data provide initial pre-clinical evidence for combining pathway specific inhibitors as a promising therapeutic strategy for further investigation in acute leukemia.

Biomea Fusion Announces Closing of Upsized Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

On April 13, 2023 Biomea Fusion, Inc. ("Biomea" or the "Company") (Nasdaq: BMEA), a clinical-stage biopharmaceutical company dedicated to discovering and developing novel covalent small molecules to treat and improve the lives of patients with genetically defined cancers and metabolic diseases, reported the closing of its previously announced upsized underwritten public offering of 5,750,000 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase 750,000 additional shares, at a price to the public of $30.00 per share (Press release, Biomea Fusion, APR 13, 2023, View Source [SID1234630034]). The aggregate gross proceeds from the offering were $172.5 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by Biomea. All shares of common stock were offered by Biomea.

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J.P. Morgan and Citigroup acted as joint book-running managers for the offering. Oppenheimer & Co. and Barclays also acted as joint book-running managers for the offering.

Biomea intends to use the net proceeds from the offering, together with its existing cash, cash equivalents, restricted cash and investments to fund: (i) the continued clinical development of BMF-219, an orally bioavailable, potent and selective covalent inhibitor of menin, for the treatment of patients with liquid and solid tumors, as well as patients with type 2 diabetes; (ii) its exploration of the potential clinical utility of BMF-219 in other diabetic patient populations, including type 1 diabetes; (iii) IND-enabling studies and the clinical development of BMF-500, a covalent inhibitor of FLT3; (iv) its ongoing efforts to develop product candidates from our FUSION System discovery platform; and (v) other general corporate purposes.

The securities were offered by Biomea pursuant to a registration statement on Form S-3 (File No. 333-267884) previously filed and declared effective by the Securities and Exchange Commission (the "SEC"). A final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available for free on the SEC’s website at View Source Copies of the final prospectus supplement and the accompanying prospectus relating to these securities, may also be obtained for free from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at(800) 831-9146; Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at [email protected]; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at [email protected]; or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

BioMarin to Host First Quarter 2023 Financial Results Conference Call and Webcast on Wednesday, April 26, at 4:30pm ET

On April 13, 2023 BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) reported that Jean-Jacques Bienaimé, Chairman and Chief Executive Officer of BioMarin, will host a conference call and webcast on Wednesday, April 26, at 4:30 p.m. ET to discuss first-quarter 2023 financial results and provide a general business update (Press release, BioMarin, APR 13, 2023, View Source,-April-26,-at-4-30pm-ET [SID1234630033]).

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Dial-in Number
U.S. / Canada Dial-in Number: 800-831-4163
International Dial-in Number: 213-992-4616

U.S. / Canada Replay Dial-in Number: 800-645-7964
International Replay Dial-in Number: 757-849-6722
Playback ID: 9184#

Interested parties may access a live audio webcast of the conference call via the investor section of the BioMarin website, www.biomarin.com. A replay of the call will be archived on the site for one week following the call.

BIO-TECHNE TO SHOWCASE INNOVATIVE CANCER RESEARCH, CELL THERAPY AND MANUFACTURING TOOLS AT AACR 2023 CONFERENCE

On April 13, 2023 Bio-Techne Corporation (NASDAQ: TECH) reported it will present its portfolio of products and solutions to advance cancer research and enable cell and gene therapy development and manufacturing at the upcoming annual meeting of the American Association for Cancer Research (AACR) (Free AACR Whitepaper), taking place April 14-19 in Orlando, Florida (Press release, Bio-Techne, APR 13, 2023, View Source [SID1234630032]).

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Bio-Techne’s booth (#1763) will feature its wide range of products, services and capabilities that enable cancer research and discoveries as well as cell and gene therapy development and workflow solutions including its industry leading portfolio of reagents, immunoassays, proteomic analytical instruments, spatial biology solutions and companion diagnostics capabilities. Additionally, several scientists from the Company will present posters with updates on biomarkers of therapeutic benefit, structural and chemical biology, and spatial biology.

"I am excited to highlight our broad portfolio of tools, reagents and workflow solutions that enable cancer research at this important conference," commented Chuck Kummeth, President and CEO of Bio-Techne. "Bio-Techne’s portfolio plays a critical role in the discoveries that further the scientific communities’ understanding of cancer and other diseases, enabling the development of next-generation treatments and therapies, including the emerging class of cell and gene therapies. I am proud of the impact our Company has on research and ultimately improving the lives of patients around the globe."

Poster Presentations:

An exosome-based ESR1 monitoring RT-qPCR technology that rapidly and accurately detects circulating tumor acquired resistance variants at ≤0.1% frequency in liquid biopsy samples
Tuesday, April 18th from 9:00 AM – 12:30 PM EDT
Presenter: Gary Latham, Ph. D.
Section 37, Poster Board #29, Abstract #4354

Development of p300-targeting PROTACs with enhanced selectivity and onset of degradation
Tuesday, April 18th from 9:00 AM – 12:30 PM EDT
Presenter: Hannah Maple, Ph. D.
Section 14, Poster Board #3, Abstract #3841

Multiomic spatial analysis with simultaneous detection of small RNAs, mRNAs and proteins using the novel RNAscope Plus Technology
Tuesday April 18th from 9:00 AM – 12:30 PM EDT
Presenter: Sayantani Basak, Ph. D.
Section 11, Poster Board #7, Abstract #3775

Interrogating the tumor-immune landscape with a novel automated RNAscope assay for multiplexed detection of RNA and protein
Wednesday, April 19 from 9:00 AM – 12:30 PM EDT
Presenter: Anushka Dikshit, Ph. D.
Section 43, Poster Board #11, Abstract #6771

Poster in Collaboration Presentations:

Application of a multiplex urinalysis test for predicting treatment response in patients with BCG unresponsive bladder cancer: a pilot study
Tuesday, April 18th from 1:30 PM – 5:00 PM EDT
Presenter: Hideki Furuya, Ph. D.
Section 37, Poster Board #6, Abstract #5456

Ascendis Pharma Announces First Quarter 2023 Financial Results and Business Update Conference Call on April 27

On April 13, 2023 Ascendis Pharma A/S (Nasdaq: ASND) reported that the company will hold a conference call and live webcast on Thursday, April 27, 2023, at 4:30 p.m. Eastern Time (ET) to review its first quarter 2023 financial results and provide a business update (Press release, Ascendis Pharma, APR 13, 2023, View Source [SID1234630031]).

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Those who would like to participate may access the live webcast here, or register in advance for the teleconference here. The link to the live webcast will also be available on the Investors & News section of the Ascendis Pharma website at View Source A replay of the webcast will be available on this section of our website shortly after conclusion of the event for 30 days.