Q1 Results

On May 11, 2023 Merck KGaA reported its first quarter 2023 results (Press release, Merck KGaA, MAY 11, 2023, View Source [SID1234632868]).

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Quarterly Statement First Quarter of 2023

On May 11, 2023 Bayer reported its first quarter 2023 results (Presentation, Bayer, MAY 11, 2023, View Source [SID1234632865]).

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AilseVax Ltd. secure £1.5M seed funding to advance cancer vaccine development.

On May 11, 2023 AilseVax reported that it has received £1.5M in seed investment from investors including QUBIS, the commercialisation arm of Queen’s University Belfast; Co-Fund NI and TechStart NI as part of Invest Northern Ireland’s Access to Finance suite of funds; and Sapphire Capital, together with grants from Biomedical Catalyst, InnovateUK and Invest NI (Company Pipeline, AilseVax, MAY 11, 2023, View Source [SID1234631940]). Speaking on the investment, Dr Paul Kerr, CEO at AilseVax, said: "We are very pleased with the support from our investors that will add to our competitively acquired grant funding to advance our mission to develop novel cancer vaccine therapies. With this support we can accelerate our research and bring promising therapies forward into clinical trials and ultimately improve the lives of cancer patients."

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‍Located in Belfast, AilseVax formed as a spin-out company from Queen’s University Belfast and Trinity College Dublin (TCD), two of the leading research universities on the island of Ireland. The partnership was built on a decade long academic collaboration in the cancer vaccine field and was aided by the Ireland-Northern Ireland-US National Cancer Institute Cancer Consortium formed in 1999 to link knowledge and innovation between the USA, Northern Ireland and the Republic of Ireland; this consortium was itself a result of the Good Friday Agreement.

The research at TCD by AilseVax co-founder Professor Ed Lavelle’s group involves therapeutic vaccination against cancer using novel adjuvants to boost cell mediated immune responses. Prof Lavelle commented that "developing improved cancer vaccines relies on innovations in adjuvant discovery and our novel technologies have great potential to enhance the effectiveness of cancer immunotherapy." Commenting on the announcement, Professor Dan Longley, Director of Research at the Patrick G Johnston Centre for Cancer Research (PGJCCR) at Queen’s University Belfast and co-founder of AilseVax, said: "It is incredibly exciting to be part of AilseVax. The science we are doing in Queen’s and Trinity is at the cutting-edge of cancer vaccine research. The approaches we are developing have the potential to significantly improve outcomes for people with cancer across the globe." Co Fund NI and Techstart NI are part financed by the European Regional Development Fund under the Investment for Growth & Jobs Northern Ireland Programme (2014-2020).

Redx Presents Preclinical Efficacy Data for RXC007 Showing Significant Results in Cancer-Associated Fibrosis Models

On May 11, 2023 Redx (AIM:REDX), the clinical-stage biotechnology company focused on discovering and developing novel, small molecule, targeted therapeutics for the treatment of cancer and fibrotic disease reported additional preclinical data for its lead fibrosis asset, RXC007, and the Discodin Domain Receptor (DDR)1/2 discovery programme, as presented yesterday at the Resistant Tumour Microenvironment, Keystone Symposia, in Vancouver, BC (Press release, Redx Pharma, MAY 11, 2023, View Source [SID1234631855]). The data presented were from preclinical models of pancreatic ductal adenocarcinoma (PDAC) and triple negative breast cancer (TNBC), in combination with chemotherapy and immunotherapy, as current standard of care.

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RXC007, in combination with gemcitabine/Abraxane [i] in metastatic and high-extra cellular matrix (ECM) patient-derived PDAC models, was shown to increase survival compared to single agent standard of care alone. The combination of RXC007 with standard of care provided a significant increase in median survival days from date of treatment in a dose dependent manner. These new data on RXC007 complement those also presented at the meeting by collaboration partner the Garvan Institute of Medical Research ("the Garvan") on REDX10616, a close analogue of RXC007, which were also presented at the Extracellular Matrix Pharmacology congress last year. These data show REDX10616, in combination with FOLFIRINOX, re-sensitised a FOFIRINOX-resistant patient derived xenograft (PDX) model to treatment and led to a striking increase in survival in combination with the standard of care triplet chemotherapy.

Taken together, these data provide a strong rationale for the potential of ROCK2 inhibition in combination with standard of care as a potential treatment for cancer-associated fibrosis. Redx plans to further investigate this treatment setting with the Company’s next-generation ROCK2 inhibitor, RXC007, in the clinic. Additionally, at the Keystone Symposia, further data were also presented from Redx’s DDR1/2 programme in combination with anti-PD-1 in TNBC models. Using a tool DDR1/2 inhibitor, in combination with anti-PD-1, in the TNBC E0771 model resulted in a statistically significant increase in survival when compared to the control group, an effect not observed with either single agent alone.

10-Q – Quarterly report [Sections 13 or 15(d)]

Heron Therapeutics has filed a 10-Q – Quarterly report [Sections 13 or 15(d)] with the U.S. Securities and Exchange Commission .

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