NeuBase Therapeutics Selected to Present Two Oral Presentations at the American Society of Gene & Cell Therapy (ASGCT) 2023 Annual Meeting

On May 2, 2023 NeuBase Therapeutics, Inc. (Nasdaq: NBSE) ("NeuBase" or the "Company"), a biotechnology company developing Stealth Editors to perform in vivo gene editing without triggering the immune system, reported two abstracts have been accepted for two oral presentations at the American Society of Gene & Cell Therapy ("ASGCT") 26th Annual Meeting, which will take place in Los Angeles, CA and virtually on May 16-20, 2023 (Press release, NeuBase Therapeutics, MAY 2, 2023, View Source [SID1234630850]).

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Details of the oral presentations are listed below, and the full abstracts are available on the ASGCT (Free ASGCT Whitepaper) meeting website.

Title: Toxicology, Pharmacokinetics and Biodistribution of a PATrOL-Enabled Investigational Genetic Therapy for Myotonic Dystrophy, Type 1
Presenter: Dr. William Riedl
Presentation Time: 1:45 PM – 2:00 PM PT
Session Date/Time: Thursday, May 18, 2023; 1:30 PM – 3:15 PM PT
Session Title: Gene Therapy Approaches for Muscle and Skeletal Diseases
Room: Room 408 AB
Abstract Number: 131

Title: Nuclease-Free Gene Editing with Peptide Nucleic Acids: A New Class of In Vivo Gene Editors
Presenter: Dr. Dani Stoltzfus
Presentation Time: 8:30 AM – 8:45 AM PT
Session Date/Time: Saturday, May 20, 2023; 8:00 AM – 9:45 AM PT
Session Title: Genome & Epigenome Editing Technologies II
Room: Concourse Hall 152 & 153
Abstract Number: 335

Moleculin Successfully Completes First Cohort in Phase 1b/2 Trial Evaluating Annamycin in Combination with Cytarabine (Ara-C) for the Treatment of Acute Myeloid Leukemia (AML)

On May 2, 2023 Moleculin Biotech, Inc., (Nasdaq: MBRX) ("Moleculin" or the "Company"), a clinical stage pharmaceutical company with a growing pipeline, including Phase 2 clinical programs, for hard-to-treat tumors and viruses, reported the successful completion of the first cohort in the Phase 1b portion of its Phase 1b/2 clinical trial using Annamycin in combination with Cytarabine for the treatment of AML (MB-106) (Press release, Moleculin, MAY 2, 2023, https://moleculin.com/moleculin-successfully-completes-first-cohort-in-phase-1b-2-trial-evaluating-annamycin-in-combination-with-cytarabine-ara-c-for-the-treatment-of-acute-myeloid-leukemia-aml/ [SID1234630849]).

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In this first cohort three subjects were treated, all of whom are believed to be relapsed from multiple prior therapies. Annamycin was dosed at 190 mg/m2, along with Cytarabine at 2.0 g/m2/day for 5 days (total dose of 10 g/m2), consistent with the familiar 7+3 regimen, combining daunorubicin and Cytarabine, typically used as a first-line induction therapy. In the Company’s study therapy Annamycin replaces daunorubicin. The Company, at the recommendation of the data safety committee, deemed the first cohort dose as safe and opened the second cohort with the Annamycin dose being increased to 230 mg/m2.

The median of prior therapies for these three subjects were 5 (2 to 7). One of the subjects, who was 78 years of age at the time of study initiation with 2 prior multi-year therapies, was preliminarily recorded as a complete response at three weeks, or "CR", per the protocol. This was subsequently confirmed to be a durable CR after four weeks. The other two subjects were shown to have disease progression. Subjects have already been identified as potential candidates for the second cohort.

"We are pleased with the rapid progress of this trial and to be advancing to the second cohort of escalated dosing. These preliminary results demonstrated by Annamycin in combination with Ara-C, add to our confidence in Annamycin’s potential to be an important treatment for refractory or relapsed AML. Since it wasn’t until we exceeded 210 mg/m2 in our single agent trials that we saw a consistent response rate (80%), we are glad to see a CR at just 190 mg/m2 and are eager to see how subjects respond at 230 mg/m2, especially since our preclinical animal studies showed a significant increase in activity when Annamycin is combined with Cytarabine, as it is in this trial. We are also encouraged to see a full slate of candidates already identified for the second cohort and our clinical team is working to get subject screening and dosing for this next cohort. We look forward to providing additional updates in the near future," commented Walter Klemp, Chairman and Chief Executive Officer of Moleculin.

The Phase 1b/2 MB-106 trial is an open label trial that builds on the safety and dosage data from the two successfully concluded single agent Annamycin AML Phase 1 trials, MB-104 and MB-105, conducted in the U.S. and Europe, respectively.

Annamycin is the Company’s next-generation anthracycline that has been designed to be non-cardiotoxic and has been shown in animal models to accumulate in the lungs at up to 30-fold the level of doxorubicin (a commonly prescribed anthracycline), as well as demonstrating the ability to avoid the multidrug resistance mechanisms that typically limit the efficacy of doxorubicin and other currently prescribed anthracyclines. Annamycin is currently in development for the treatment of relapsed or refractory AML and soft tissue sarcoma (STS) lung metastases and the Company believes it may have the potential to treat additional indications.

Annamycin currently has Fast Track Status and Orphan Drug Designation from the US Food and Drug Administration (FDA) for the treatment of STS lung metastases and the treatment of relapsed or refractory AML. For more information about the MB-106 Phase 1/2 trial, visit clinicaltrialsregister.eu and reference EudraCT 2020-005493-10 or clinicaltrials.gov and reference NCT05319587.

Mersana Therapeutics to Host First Quarter 2023 Conference Call on May 9, 2023

On May 2, 2023 MannKind Corporation (Nasdaq: MNKD) reported that it will release its 2023 first quarter financial results and its management will host a conference call to discuss the financial results and corporate updates at 5:00 PM (Eastern Time) on Tuesday, May 9, 2023 (Press release, Mersana Therapeutics, MAY 2, 2023, View Source [SID1234630848]).

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Presenting from the Company will be its Chief Executive Officer, Michael Castagna and Chief Financial Officer, Steven Binder.

Those interested in listening to the conference call live via the Internet may do so by visiting the Company’s website at View Source under Events & Presentations.

Lyell Immunopharma to Participate in BofA Securities Healthcare Conference

On May 2, 2023 Lyell Immunopharma, Inc. (Nasdaq: LYEL), a clinical‑stage T-cell reprogramming company advancing a diverse pipeline of cell therapies for patients with solid tumors, reported that members of its senior management team will participate in the BofA Securities 2023 Healthcare Conference on Tuesday, May 9 at 3:00 pm PT (Press release, Lyell Immunopharma, MAY 2, 2023, View Source [SID1234630847]).

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A live webcast of the fireside chat can be accessed through the investor relations section of the Company’s website at www.lyell.com. Following the live presentation, a replay of the webcast will be available on the Company’s website for 90 days following the presentation date.

Entry into a Material Definitive Agreement

On May 1, 2023, Lexicon and one of its subsidiaries reported to have entered into a second amendment to its loan and security agreement with Oxford Finance LLC (the "Second Amendment") increasing the amount available for draw at Lexicon’s option under the third tranche from $50 million to $75 million and decreasing the amount available for draw at Lexicon’s option, subject to Oxford’s consent, under the fourth tranche from $50 million to $25 million (Press release, Lexicon Pharmaceuticals, MAY 2, 2023, View Source [SID1234630846]). Under the terms of the Second Amendment, Lexicon and its subsidiaries are subject to an additional financial covenant relating to minimum cash balance requirements following funding of the third tranche and an unused fee will be due in the event Lexicon does not draw the full amount available under the third tranche.

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The foregoing summary does not purport to be complete and is qualified in its entirety by the Second Amendment, a copy of which is attached to this report as Exhibit 10.1 and incorporated herein by reference.