BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

On April 11, 2023 BridgeBio Pharma, Inc. (Nasdaq: BBIO) ("BridgeBio" or the "Company"), a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, reported that on April 7, 2023, the compensation committee of BridgeBio’s board of directors granted 11 new employees restricted stock units for an aggregate of 134,300 shares of the Company’s common stock (Press release, BridgeBio, APR 11, 2023, View Source [SID1234629935]). All of the above-described awards were made under BridgeBio’s 2019 Inducement Equity Plan (the Plan).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019 and has been amended and restated from time to time.

Bexion Pharmaceuticals, Inc. to Present at the 22nd Annual Needham Virtual Healthcare Conference

On April 11, 2023 Bexion Pharmaceuticals, Inc., a mid-stage clinical biopharmaceutical company developing a new generation of biologic immunotherapy to treat solid tumor cancers and Chemotherapy Induced Peripheral Neuropathy (CIPN), reported that Bexion Pharmaceuticals will be presenting at the Needham Healthcare Conference. The conference will be held virtually from April 17-20, 2023 (Press release, Bexion, APR 11, 2023, View Source [SID1234629934]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Scott Shively, Bexion’s CEO and President, and Joyce LaViscount, Bexion’s CFO, will be jointly presenting a company overview on Wednesday, April 19 from 4:30-5:10 pm in Track 3.

Update to contractual arrangements between AstraZeneca, Swedish Orphan Biovitrum AB and Sanofi

On April 11, 2023 AstraZeneca, Swedish Orphan Biovitrum AB (publ) (Sobi) and Sanofi have updated and simplified their contractual arrangements relating to the development and commercialisation of nirsevimab in the US (Press release, AstraZeneca, APR 11, 2023, View Source [SID1234629933]). Given the upcoming launch of nirsevimab in the US and other markets, simplification of the prior arrangements clarifies the roles and responsibilities of relevant parties.

Under the updated arrangements, Sobi has entered into a direct relationship with Sanofi, replacing the previous participation agreement with AstraZeneca entered into in November 2018. Under the previous agreement, from the day of the transaction with Sobi, AstraZeneca had to provision the risk adjusted value of the discounted cash flow of future payments to be made to Sobi as a liability. As a result of this simplification agreement, Sanofi will pay royalties to Sobi as US nirsevimab sales arise, and the liability related to future obligations is eliminated. AstraZeneca will record a gain of $0.7 billion, to be recognised in Core Other operating income in 2023. This does not impact AstraZeneca’s financial guidance for 2023.

Notes
About nirsevimab
Nirsevimab is a single dose long-acting antibody, developed and commercialised in partnership by AstraZeneca and Sanofi using AstraZeneca’s YTE technology. It is designed to protect infants entering or during their first respiratory syncytial virus (RSV) season and for children up to 24 months of age who remain vulnerable to severe RSV disease through their second RSV season. Nirsevimab has been developed to offer newborns and infants direct RSV protection via an antibody to help prevent lower respiratory tract disease (LRTD) caused by RSV. Monoclonal antibodies do not require the activation of the immune system to help offer timely, rapid and direct protection against disease.1

In November 2022, Beyfortus was approved by the European Commission and by the UK Medicines and Healthcare products Regulatory Agency (MHRA).2-3

Sanofi Alliance
In March 2017, AstraZeneca and Sanofi announced an agreement to develop and commercialise nirsevimab. Under the terms of the agreement, AstraZeneca leads development and manufacturing activities, and Sanofi leads commercialisation activities and records revenue. Under the terms of the global agreement, Sanofi made an upfront payment of €120m, has paid a development milestone of €30m and will pay further milestones subject to achievement of certain development and sales-related milestones. The two companies share costs and profits. Revenue from the agreement is reported as Alliance Revenue and Collaboration Revenue in the Company’s financial statements.

Sobi Transaction
In November 2018, AstraZeneca announced that it had agreed to sell the US commercial rights for Synagis (palivizumab), and the right to participate in the US profits or losses for nirsevimab, to Sobi (the 2018 announcement).

Today’s announcement is made pursuant to LR10.4.2 R in respect of the November 2018 announcement. Except as set out in this announcement, there has been no significant change affecting any matter contained in the 2018 announcement and no other significant new matter has arisen which would have been required to be mentioned in the 2018 announcement if it had arisen at the time of the preparation of the 2018 announcement.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!


Eurostars-funded REPRINT consortium reaches milestones with evidence of complete tumor regression induced by dendritic cell reprogramming

On April 11, 2023 InSphero, a Swiss SME, reported, together with the REPRINT project partners, Asgard Therapeutics (SE, project coordinator), Lund University (SE) and Antineo (FR), the achievement of proof-of-principle for using dendritic cell reprogramming to kick start in-vivo anti-tumor immunity (Press release, Asgard Therapeutics, APR 11, 2023, https://www.asgardthx.com/eurostars-funded-reprint-consortium-reaches-milestones-with-evidence-of-complete-tumor-regression-induced-by-dendritic-cell-reprogramming/ [SID1234629932]). This joint successful milestone comes as the biggest output of the second in-person meeting hosted by InSphero and held last week in Zurich.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The REPRINT (REPRogramming tumor INTo Immune Cells: a revolutionary gene therapy to treat cancer) project is a research initiative funded by the EUROSTARS program with the aim to develop an innovative off-the-shelf cancer immunotherapy based on Asgard Therapeutics’ proprietary in-vivo reprogramming technology. During these 1,5 years of activities, the four partners have provided extensive proof-of-principle for reprogramming tumor cells into antigen-presenting dendritic cells as a way to restore tumor immunogenicity, using both ex-vivo 3D and in-vivo models. Remarkably, reprogrammed cancer cells have the ability to activate local and systemic polyclonal tumor-specific immune responses, leading to complete tumor regression in animal models.

Cristiana Pires, PhD, Co-Founder and CEO of Asgard Therapeutics, said: "Since its launch in October 2021, the REPRINT project has made remarkable progress towards the development of a new cancer immunotherapy based in in-vivo reprogramming of tumor cells. We are thrilled with the recent in-vivo results, which showed that reprogramming can cure tumor-bearing animals! In addition, Asgard has selected the final platform to enable efficient delivery of the reprogramming factors to tumors in-situ and provided extensive validation of reprogramming from a multitude of human patient-derived tumor cells, which supports the platform potential of our lead program. There’re also exciting results coming supporting the ultimate vision for our lead program. During our recent in-person meeting, we had the opportunity to delve over the progress made and align priorities for future work with our consortium partners. It has been an absolute pleasure to collaborate with such an outstanding team to accelerate the development of our pioneering reprogramming therapies."

Wolfgang Moritz, Head of Ext. Collaborations and IP at InSphero AG said: "The consortium meeting in Zurich was a great success. We are honored to be a part of this historic project and we are excited to work with such a talented group of experts in the field. We are reporting the achievement of two major milestones at this meeting. First, we efficiently replicated tumor cell reprogramming into dendritic cells in our ex-vivo 3D Microtissue Platform. Using high content confocal imaging, we were able to visualize emerging dendritic cells and assess the efficiency of viral transfection and reprogramming. Second, we have successfully tested the prototype of a new plate. The AKURA TWIN plate accommodates the tumor models, together with liver or pancreatic islet microtissues, both in coculture with immune cells in adjacent wells, connected by a small channel. This breakthrough will enable the simultaneous evaluation of on- and off-target effects of tumor-dendritic cell reprogramming. InSphero’s proprietary in vitro technology will validate clinical benefits of a new therapeutic approach and de-risk potential safety concerns."

Filipe Pereira, PhD, Professor and Group leader at Lund University commented: "At this consortium meeting in Zurich, we were excited to discuss progress and define objectives with the entire REPRINT team for the cDC1 reprogramming approach created in our lab. We are grateful to join forces with this great team to pave the way for an entirely new cancer immunotherapy platform based on cellular reprogramming. At this meeting, we discussed the in-vivo results which showed that tumor-bearing models can be cured by our reprogramming strategy! This is a milestone providing proof-of-principle for a new cancer immunotherapy based on in-vivo reprogramming of tumor cells. We also showed that reprogramming progressed in human spheroid models with or without the presence of an immunosuppressive component of the tumor microenvironment. We are looking forward for development of the second half of this exciting project."

Marie Tautou, PhD, Study Director of Antineo added: "In the context of this consortium, we are thrilled to announce great progress in the establishment of 3D bioprinted cancer cells cubes that have allowed us to show efficient in vitro reprogramming of cancer cells into dendritic cells. In parallel, we have started experiments aiming to show the ability of Asgard’s gene therapy to reprogram tumor cells in vivo and we have exciting promising results. We are now focusing on the project’s next steps, which are to show the innocuity of the strategy in mice models. We are very pleased to be part of such a ground-breaking project."

The Eurostars programme supports innovative international projects led by R&D-performing SMEs and is co-funded by the Eurostars partner states and the EU (through Horizon 2020). In October 2021, Asgard Therapeutics announced that together with the other three partners it has been awarded the Eurostars project REPRINT (project number E!115376). The three-year proposal was ranked #4 out of 644 European applications for Eurostars Cut off 15 and thereby secured a grant of 2 million euros.

Adaptimmune and GSK Have Agreed Terms for Transfer of PRAME and NY-ESO Target Programs back to Adaptimmune

On April 11, 2023 Adaptimmune Therapeutics plc (NASDAQ: ADAP), a leader in T-cell therapy to treat cancer, reported entry into a transition agreement with GSK plc (LSE:GSK) (NYSE:GSK) regarding the return of rights and materials comprised within the PRAME and NY-ESO cell therapy programs (Press release, Adaptimmune, APR 11, 2023, View Source [SID1234629931]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"The return of these T-cell programs to Adaptimmune bolsters our pipeline and our leadership position in the field of engineered TCR T-cells for solid tumors," said Dr. Helen Tayton-Martin, Adaptimmune’s Chief Business and Strategy Officer. "As we have outlined in our focus areas for 2023, we are especially eager to continue development of the PRAME asset, as it is a highly expressed and validated target across a broad range of solid tumor cancers and further complements the work we have done to-date with our MAGE-A4 clinical programs. We will continue to evaluate the emerging data for the NY-ESO asset to determine next steps."

Transition Plan

● Adaptimmune and GSK are collaborating to transition materials and data relating to the preclinical PRAME targeted TCR T-cell therapy program to Adaptimmune during 2023.
● Adaptimmune and GSK are targeting transfer of sponsorship for GSK IGNYTE-ESO clinical trial (NCT03967223) and long-term follow-up clinical trial (NCT03391778) during Q3 of 2023. The parties are collaborating to ensure a smooth transition. All other clinical trials within the NY-ESO targeting program are already closed to enrollment and have already been or will soon be completed by GSK.

Per the terms of the Agreement, Adaptimmune will receive an upfront amount plus milestone-based payments totaling £30 million in relation to the transfer of the clinical trials for the NY-ESO targeted programs.