Perspective Therapeutics to Present at the 2023 International Symposium on Radiopharmaceutical Sciences (iSRS)

On May 24, 2023 Perspective Therapeutics, Inc. ("Perspective" or "the Company") (NYSE AMERICAN: CATX), a precision oncology company developing alpha-particle therapies and complementary diagnostic imaging agents and an innovator in seed brachytherapy treatment options for multiple cancers, reported it will be presenting three posters at the 2023 International Symposium on Radiopharmaceutical Sciences (iSRS) Annual Meeting being held in Hawaii from May 22-26, 2023 (Press release, Perspective Therapeutics, MAY 24, 2023, View Source [SID1234632000]).

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"We are thrilled to present our latest research on targeted alpha therapies at the Society of Radiopharmaceutical Sciences annual meeting. Our scientists and collaborators have made significant progress in this field, and we are excited to share our findings with the wider scientific community. We believe that targeted alpha therapies have the potential to revolutionize cancer treatment, and we are committed to advancing this promising new approach." said Thijs Spoor, Perspective Therapeutics’ Chief Executive Officer.

Michael Schultz, Perspective Therapeutics’ Chief Science Officer added, "I would like to thank our fabulous team of scientists and our collaborators for their relentless dedication to developing the best possible applications for our technology platform. This enables the best possible isotopes to be utilized to keep moving us toward the goal of improved cancer therapies. We are looking forward to discussing our findings with the global radiopharmaceutical science community at iSRS."

Poster Presentation Summaries

Poster presentation #1: "Low-dose targeted alpha therapy induces strong anti-tumor effectiveness in combination with immune checkpoint inhibitors"

This poster shares the ongoing work by Perspective Therapeutics’ scientists and collaborators at the University of Wisconsin exploring the potential of targeted alpha therapies (TAT) in combination with established immune checkpoint inhibitor (ICI) therapies in preclinical melanoma models. The presented results confirm and extend the previously published preclinical work by the team, revealing long term curative responses from the combination of immunotherapies and TAT. In conclusion:

When combined with dual ICIs, low doses of [212Pb]VMT01 was more efficacious and resulted in complete tumor remission when compared with mid- and high-administered radioactivity doses. The immunostimulatory effects of TAT may not be linear to radiation dose. Therefore, the ideal dose of TAT that induces strongest anti-tumor efficacy with ICIs in melanoma needs to be further elucidated.
The poster will be presented during Poster Session 2A: Radionuclide Therapy on Wednesday May 24, 5:30PM – 6:15 PM HST in Kalākaua Ballroom A, by Samuel Rodman PhD, Research Scientist, Perspective Therapeutics.

Poster presentation #2: "Optimizing 203Pb cyclotron production and availability: The ideal SPECT imaging theranostic partner for 212Pb targeted alpha therapy"

This poster discusses the Company’s continued work with its multi-institutional collaborators in order to improve the production methods for the SPECT isotope Pb-203 as part of its matched isotope theranostic pairing with Pb-212 targeted alpha therapy. The goal of this work is to ensure the availability of isotope supplies with high purity for ongoing imaging studies and for the Company’s pipeline of emerging products. In conclusion:

Nuclear medicine centers with a 24 MeV cyclotron can produce and purify large 203Pb activities sufficient for clinical applications. This represents an attractive route to produce 203Pb for theranostic use as a SPECT radionuclide alongside 212Pb targeted alpha therapy. The [203Pb]Pb(OAc)2 product can be produced with high radiochemical purity – and radiolabeling experiments demonstrate strong potential for preclinical and clinical 203Pb radiopharmaceutical applications.
The poster will be presented during Poster Session 2A: Targetry on Wednesday May 24, 5:30PM – 6:15 PM HST in Kalākaua Ballroom A as presented by Bryce Nelson, University of Alberta.

Poster presentation #3: "Analysis of Radiochemical Stability and In Vivo Distribution of Recoiled 213Bi from [225Ac]Ac-DOTATATE in Preclinical Model"

Targeted alpha-particle radiotherapies (TATs) have been evolving as promising treatments in management of cancers. Within this context, due to four alpha-particle emissions along the decay chain, 225Ac-based TATs have demonstrated superior tumor-killing efficacy compared with beta-particle emitters. However, the complex decay and recoil of daughters following the alpha-particle emission results in ambiguity in understanding the toxicity of these radiopharmaceuticals. In this study, we aimed to assess the ingrowth and radiochemical stability of 213Bi and potential in vivo redistribution following the injection of [225Ac]Ac-DOTATATE in preclinical model. In conclusion:

Although 213Bi can be labeled initially, decoupling of ingrown free 213Bi was inevitable with the decay of [225Ac]Ac-DOTATATE and significantly different biodistributions between the labeled 225Ac product and free213Bi are observed. Therefore, it is hypothesized that the radiochemical stability and biodistribution of recoiled daughters need to be characterized to better understand the potential toxicity resulted from injection of 225Ac -based TATs.
The poster will be presented during Poster Session 3: Radionuclide Therapy on Friday May 26, 2:45 PM – 3:30 PM HST in Kalākaua Ballroom A by Dijie Liu PhD DVM, Principle Research Scientist.

NeuBase to Participate in Jefferies Healthcare Conference

On May 24, 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 that the Company’s management will participate in the Jefferies Healthcare Conference being held at the Marriott Marquis in New York, NY on June 7-9, 2023 (Press release, NeuBase Therapeutics, MAY 24, 2023, View Source [SID1234631999]).

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Presentation Details for the Jefferies Healthcare Conference

Company NeuBase Therapeutics
Date: Friday, June 9, 2023
Time: 8:00 a.m. ET
Room: Track 1
Format: Corporate Presentation
A live webcast of the Company’s presentation will be available at View Source and the investor relations section of the Company’s website at click here. A replay of the Company’s presentation will be available for 90 days on the Company’s website following the event at click here.

Please contact your representative at Jefferies to schedule a one-on-one meeting with NeuBase management during the conference.

Mirati Therapeutics Provides Update on the Phase 3 SAPPHIRE Study Evaluating Sitravatinib in Combination with OPDIVO

On May 24, 2023 Mirati Therapeutics, Inc. (NASDAQ: MRTX), a commercial-stage oncology company, reported that the SAPPHIRE study did not meet its primary endpoint of overall survival at the final analysis (Press release, Mirati, MAY 24, 2023, View Source [SID1234631998]). SAPPHIRE is a Phase 3 study evaluating sitravatinib in combination with nivolumab (OPDIVO)1 versus docetaxel in patients with second or third line advanced non-squamous non-small cell lung cancer (NSQ-NSCLC) who progressed on prior therapy with chemotherapy and immune checkpoint inhibitor therapy. The company plans to disclose the study data at a future date.

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Principal Investigators will be given the option to continue therapy for patients who are experiencing clinical benefit and would like to remain on treatment.

"Mirati extends gratitude to the patients who participated in this clinical trial, their loved ones, and the trial investigators, without whom important work like this would not have been possible," said Alan Sandler, M.D., Chief Medical Officer. "As we move forward, we are optimistic about our ability to positively impact the lives of patients living with cancer through the advancement of our broad and differentiated pipeline of targeted oncology programs."

Mersana Therapeutics to Present at Upcoming Investor Conferences

On May 24, 2023 Mersana Therapeutics, Inc. (NASDAQ: MRSN), a clinical-stage biopharmaceutical company focused on discovering and developing a pipeline of antibody-drug conjugates (ADCs) targeting cancers in areas of high unmet medical need, reported that members of management will present at the following upcoming investor conferences (Press release, Mersana Therapeutics, MAY 24, 2023, View Source [SID1234631996]):

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TD Cowen 4th Annual Oncology Innovation Summit

Format: Fireside Chat
Date/Time: Wednesday, May 31, 2023, at 10:00 a.m. Eastern Time
Jefferies Healthcare Conference

Format: Presentation
Date/Time: Wednesday, June 7, 2023, at 9:00 a.m. Eastern Time
Live webcasts of these events will be available on the Investors & Media section of Mersana’s website at www.mersana.com. Archived replays will be available for approximately 90 days following the events.

Exscientia Business Update for First Quarter 2023

On May 24, 2023 Exscientia plc (Nasdaq: EXAI) reported recent advancements in the Company’s pipeline, collaborations and operations, as well as financial results for the first quarter 2023, are summarised below (Press release, Exscientia, MAY 24, 2023, View Source [SID1234631994]). Exscientia will host a conference call Wednesday, May 24 at 1:30 p.m. BST / 8:30 a.m. EDT.

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"With our sixth AI-designed compound reaching the clinical development stage plus two more in active IND/CTA-enabling studies, Exscientia’s pipeline of wholly owned and partnered drug candidates is progressing rapidly," said Professor Andrew Hopkins FRS FMedSci, founder and Chief Executive Officer of Exscientia. "Most recently, the first patient has been dosed in our IGNITE Phase 1/2 clinical trial. While many people are familiar with Exscientia’s industry leading drug design capabilities, we also continue to clinically validate our novel, AI-enabled biomarker strategy to ensure that the right patients can benefit from precision medicines in the future."

Recent Highlights
Internal pipeline
●In May 2023, the first patient was dosed in the Phase 1/2 IGNITE clinical trial of EXS21546 (‘546), Exscientia’s A2AR antagonist, for the treatment of relapsed/refractory renal cell carcinoma (RCC) and non-small cell lung cancer (NSCLC)
●In April 2023, Exscientia presented four posters at the AACR (Free AACR Whitepaper) Annual Meeting highlighting Exscientia’s ability to precision design molecules coupled with the development of multi-gene signatures. The clinical and preclinical data highlighted two programmes, ‘546 and EXS74539 (‘539)
●In March 2023, Exscientia announced two new wholly-owned precision designed molecules, ‘539, an LSD1 inhibitor, and EXS73565 (‘565), a MALT1 inhibitor
○‘539 and ‘565 continue to progress through IND/CTA-enabling studies and Exscientia expects to provide an update on clinical development plans in the second half of 2023
○Company remains on track to meet target of four candidates in clinical development by 2024 (not including Sumitomo Pharma programmes)

Partnered programmes
●In May 2023, Exscientia announced that DSP-2342, the third compound from the collaboration with Sumitomo Pharma, will enter Phase 1 clinical trials. It is the third molecule created utilising Exscientia’s AI-driven drug discovery platform under a design-as-a-service (DaaS) collaboration with Sumitomo Pharma. The collaboration is now complete and Exscientia retains no economics
●In February 2023, Exscientia announced the initiation of a first-in-human study of EXS4318 (‘4318), the first immunology & inflammation candidate designed by Exscientia and in-licensed by Bristol Myers Squibb
○The potentially first-in-class potent and selective PKC-theta inhibitor is currently in Phase 1 clinical trials in the United States

Collaboration with Charité
●In March 2023, Exscientia announced a collaboration with leading European medical centre Universitätsmedizin Berlin (Charité) to further validate Exscientia’s precision medicine platform to predict response in haematological cancers
●Charité will also establish a biobank of viably cryopreserved blood, bone marrow and lymph node tissues to support further technology development and preclinical research projects at both Exscientia and Charité

AI and automation highlighted at SLAS 2023
●In May 2023, Exscientia announced the presentation of an oral and poster presentation and the closing keynote for the Society for Laboratory Automation and Screening (SLAS) Europe Conference and Exhibition held in Brussels, Belgium taking place from May 22-May 25. The presentations highlight Exscientia’s leadership in AI-enabled drug discovery, including advancements in automation

Investor Call and Webcast Information
Exscientia will host a conference call on Wednesday, May 24 at 1:30 p.m. BST / 8:30 a.m. ET.
A webcast of the live call can be accessed by visiting the "Investors and Media" section of the Company’s website at investors.exscientia.ai. Alternatively, the live conference call can be accessed by dialling +1 (888) 330 3292 (U.S.), +44 203 433 3846 (U.K.), +1 (646) 960 0857 (International) and entering the conference ID: 8333895. A replay will be available for 90 days under "Events and Presentations" in the "Investors and Media" section of the Exscientia website.

First Quarter 2023 Financial Results
For the convenience of the reader, the Company has translated pound sterling amounts to U.S. dollars at the rate of £1.000 to $1.2369, which was the noon buying rate of the Federal Reserve Bank of New York on March 31, 2023.

Revenue: Revenue for the first quarter 2023 was $7.1 million, compared to $8.6 million for the three months ended March 31, 2022.

Research and development expenses: R&D expenses for the three months ended March 31, 2023 were $41.3 million, as compared to $28.9 million for the three months ended March 31, 2022. The increase in research and development expenses was in part due to the growth of our internal and co-owned portfolio, increased headcount and increased depreciation charges arising from continued investment into laboratory equipment.

General and administrative expenses: G&A expenses for the three months ended March 31, 2023, were $13.5 million, or 20.7% of total operating expenses. For the first quarter 2023, G&A expenses increased by $3.8 million compared to the first quarter 2022, primarily associated with an increase in personnel costs associated with growth in headcount.

Cash inflows: For the first quarter 2023, Exscientia received $0.5 million in cash inflows from its collaborations as compared to $6.3 million during the first quarter 2022.

Net operating cash flow and cash balance: For the three months ended March 31, 2023, net operating cash outflows were $53.7 million, in comparison to net operating cash outflows of $19.4 million for the three months ended March 31, 2022, reflecting increased research and development spend as well as working capital outflows. Cash, cash equivalents and short term bank deposits as of March 31, 2023 were $553.3 million, as compared to $625.6 million as of December 31, 2022 using the March 31, 2023 constant currency rate.
●Includes constant currency mark-to-market foreign exchange impact of -2% based on the strengthening of pounds sterling through March 31, 2023
●During the first quarter of 2023, Exscientia recognised net foreign exchange losses of $1.5 million
●The Company holds its deposits in both GBP and USD, intended to match expected operational cash needs in order to limit the impact of exchange rate fluctuations