Clarity’s theranostic prostate cancer trial advances to cohort 2

On May 23, 2023 Clarity Pharmaceuticals (ASX: CU6) ("Clarity", "the Company"), a clinical stage radiopharmaceutical company with a mission to develop next-generation products that improve treatment outcomes for children and adults with cancer, reported the completion of cohort 1 and advancement to cohort 2 in the therapeutic phase of its Phase I/II theranostic trial, SECuRE, evaluating 64Cu/67Cu SAR-bisPSMA in patients with mCRPC (Press release, Clarity Pharmaceuticals, MAY 24, 2023, View Source [SID1234631954]).

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The SECuRE trial (NCT04868604)1 is a Phase I/IIa theranostic trial for identification and treatment of Prostate-Specific Membrane Antigen (PSMA) expressing mCRPC using Targeted Copper Theranostics (TCTs). 64Cu SAR-bisPSMA is used to visualise PSMA expressing lesions and select candidates for subsequent 67Cu SAR-bisPSMA therapy. The trial is a multi-centre, single arm, dose escalation trial with a cohort expansion involving up to 44 patients in the US. The aim of this trial is to determine the safety and efficacy of 67Cu SAR-bisPSMA for the treatment of prostate cancer.

The first cohort of the dose escalation, where 6 participants received a single administration of 4GBq of 67Cu SAR-bisPSMA, has been completed. The SRC, responsible for assessing safety of participants and overseeing the general progress of the trial, has assessed the data and recommended progressing the trial to cohort 2, increasing the dose to 8GBq. No DLTs have been reported in any of the patients dosed to date.

Outside of the trial, therapy cycles of 67Cu SAR-bisPSMA have also been requested by clinicians under the FDA EAP for patients who participated in cohort 1, and data from the EAP continues to be generated.

SPECT-CT images depicted below were collected 48 hours after the first and third administrations of 67Cu SAR-bisPSMA in a patient in the EAP. PET-CT images using 64Cu SAR-bisPSMA were collected prior to therapy. Images collected 48 hours following the third therapy cycle demonstrate a reduction in the intensity of product uptake at the tumour sites. A reduction of greater than 50% in PSA levels was observed in this patient following the first administration of 4GBq of 67Cu-SAR-bisPSMA. PSA decline of 50% or greater is one of the primary endpoints of the SECuRE trial and a commonly used surrogate endpoint for efficacy in this patient population.

Dr Luke Nordquist, CEO, Urologic Medical Oncologist and Principal Investigator at the Urology Cancer Center / XCancer Omaha, NE, commented, "We are excited to have successfully completed the first cohort of the SECuRE trial. We have not seen any safety issues in the patients treated so far and are already seeing clinical benefits in some patients. Outside of reductions in PSA levels and changes in tumour imaging, we have seen an improvement in quality-of-life measures such as reduction in pain and return of appetite and physical exercise. It is fantastic to see benefits at the lowest dose level, and we look forward to progressing to cohort 2 and increasing the dose of 67Cu SAR-bisPSMA."

Clarity’s Executive Chairperson, Dr Alan Taylor, commented, "For this product, we went back to the drawing board. We saw the limitations of first-generation PSMA agents, with single PSMA targeting molecules, including low uptake in tumours and poor retention over time. Utilising two PSMA targeting molecules in our optimised agent, bisPSMA, and the TCT platform, we have observed two to three times the uptake of product in tumours so far in pre-clinical and clinical development and saw retention in the tumours out to 96 hours. We are excited by the results of this innovation seen to date as we work towards developing best-in-class products across both diagnostic and therapeutic applications.

"Prostate cancer is one of the largest oncology indications worldwide and based on our estimates, represents a US$5-10 billion therapy market. Radiopharmaceuticals are expected to play an increasingly important role in the management of patients with prostate cancer, however, challenges associated with the current generation of products prevail. The most recent example is a supply disruption associated with the roll-out of Novartis’ US FDA-approved Pluvicto (lutetium Lu 177 vipivotide tetraxetan). Despite the significant demand from patients and the product’s strong initial sales, with US$211 million in revenue achieved in the first quarter of 2023, Novartis is unable to meet the demand. Manufacturing challenges have crippled the rollout and added to the suffering of patients and their families. Furthermore, reliance on a small number of ageing nuclear reactors to produce lutetium-177 also jeopardises expansion into other cancer indications and undermines the confidence of clinicians and their patients in radiopharmaceuticals.

"Clarity’s TCT platform represents the next-generation platform in radiopharmaceuticals to improve treatment outcomes for children and adults with cancer as well as resolve the supply and manufacturing issues associated with the first generation of products. Because of these characteristics, TCTs are ideally positioned to enable the field to expand into the oncology market, addressing large indications such as prostate cancer and beyond. Our therapeutic products are based on copper-67, a radioisotope produced on electron accelerators, which are relatively inexpensive and infinitely more scalable in comparison to nuclear reactors. TCTs also do not require heating during the manufacturing process, minimising quality concerns and making it less costly to manufacture. Production of TCTs has favourable environmental characteristics in comparison to the current generation of theranostics, with a smaller logistical footprint and minimal radioactive waste disposal issues. In a field with too many unforeseen product outages, TCTs enable a reliable and sustainable supply of radiopharmaceuticals.

"Given the myriad of logistical and manufacturing advantages of TCTs, we are committed to completing our clinical trials and bringing this next generation of radiopharmaceuticals to patients around the world."

About SAR-bisPSMA
SAR-bisPSMA derives its name from the word "bis", which reflects a novel approach of connecting two PSMA binding motifs to Clarity’s proprietary sarcophagene (SAR) technology that securely holds copper isotopes inside a cage-like structure, called a chelator. Unlike other commercially available chelators, the SAR technology prevents copper leakage into the body. SAR-bisPSMA is a TCT that can be used with isotopes of copper-64 (Cu-64 or 64Cu) for imaging and copper-67 (Cu-67 or 67Cu) for therapy.

64Cu SAR-bisPSMA and 67Cu SAR-bisPSMA are unregistered products. Individual results may not represent the overall safety and efficacy of the products. The data outlined in this announcement has not been assessed by health authorities such as the FDA. A clinical development program is currently underway to assess the efficacy and safety of these products. There is no guarantee that these products will become commercially available.

About Prostate Cancer
Prostate cancer is the second most common cancer diagnosed in men globally and the fifth leading cause of cancer death worldwide2. The American Cancer Institute estimates in 2023 there will be 288,300 new cases of prostate cancer in the US and around 34,700 deaths from the disease.

Larkspur Biosciences Launches with $35.5 Million in Financing to Build the Next Precision Immunotherapies to Outsmart Cancer

On May 23, 2023 Larkspur Biosciences, a biotechnology company building the next precision immunotherapies to outsmart cancer, reported it launched with $35.5 million in combined seed and Series A financing (Press release, Larkspur Biosciences, MAY 23, 2023, View Source [SID1234633155]). Larkspur’s approach targets the unique ways that tumors hijack the immune system. Building on the work of Larkspur founders Drs. Lewis Cantley, Nathanael Gray, and Vijay K. Kuchroo, the company is focusing on bottlenecks that tumors use to subvert the immune system in order to develop precision immunotherapies for molecularly defined patient populations. Larkspur’s initial strategy addresses a genetically- and immunologically-characterized subtype of colorectal cancer (CRC). These patients have T cells at the tumor and can be identified via biopsy, making them a prime population for proof-of-concept for the company’s precision immunotherapy strategies.

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The financing was led by the Polaris Innovation Fund, 3E Bioventures Capital, and Takeda Ventures, Inc., and included Creacion Ventures, Med-Fine Capital and Cornell University. The financing will enable the company to focus on IND-enabling studies for its lead program, a cutting-edge approach to lipid remodeling to uncloak tumors as well as furthering the ongoing preclinical studies for its first-in-class program targeting Pin1, a key mechanism of fibroblast differentiation to activate immune cells. Larkspur’s discovery platform, LarkX, leverages patient genetics and immune phenotypes to fuel its pipeline and partnerships.

"The development of cancer immunotherapies has transformed the treatment of cancers, and in many cases is now the standard of care. Yet there are many patients who do not respond to, or relapse on, existing immunotherapies," said Catherine Sabatos-Peyton, PhD, Chief Executive Officer of Larkspur. "Tumors create multiple barriers that can suppress a robust immune response. Larkspur was founded to outsmart these bottlenecks and develop new precision medicines to treat significant unmet needs for people with cancer."

Larkspur’s approach is based on transformative discoveries made in the academic labs of leading researchers in cancer cell biology, biochemistry, and immunology. LarkX, the company’s proprietary platform, leverages patient genetics and immune phenotypes, applying bioinformatics and complex in vitro models to discover critical immune barriers. Armed with insights into evasion signatures that can be shared by different cancer indications, LarkX offers the opportunity to address multiple types of cancer.

"First and foremost, we were attracted to Larkspur because of its leadership team. They have what it takes to transform a fresh and important perspective on cancer immunity into reality," said Amy Schulman, Managing Partner at Polaris Partners and Chair of Larkspur’s Board of Directors. "The breadth of its platform is an additional anchor that attracted us to the company, and it’s a bonus to lend support to this all-female leadership team."

Leadership and Founding Team
The founders’ discoveries of precision targets in autoimmunity and cancer therapy drove Larkspur’s formation. The founders, Lewis Cantley, PhD, Nathanael Gray, PhD, and Vijay K. Kuchroo, DVM, PhD, are world-class scientists and successful company builders. Each founder brings expertise such that their distinctive collaboration decodes the cancer immune interface in a unique way, forming the foundation of Larkspur’s approach.

Larkspur itself is led by a seasoned team with a track record of developing clinical assets and target discovery platforms. In addition to Sabatos-Peyton, the leadership team includes Krista Goodman, PhD, Chief Scientific Officer, and Emily Corse, PhD, Executive Vice President, Biology & Translation.

Larkspur’s Board of Directors includes Chair Amy Schulman (Polaris Innovation Fund), Sabatos-Peyton, Frank Yan (3E Bioventures Capital), Sacha Mann (Takeda Ventures, Inc.), and Larkspur founder Nathanael Gray, along with observers Alexandra Cantley (Polaris), Wei Li (Creacion Ventures), and Daniel Hu (Med-Fine Capital).

Affimed reports first Quarter 2023 financial results and highlights operational progress

On May 23, 2023 Affimed reported its first Quarter 2023 financial results and highlights operational progress (Press release, Affimed, MAY 23, 2023, View Source,31%2C%202023%20was%20149.3%20million. [SID1234633019]).

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ReNAgade Therapeutics Launches with Over $300 Million in Series A Financing to Unlock the Limitless Potential of RNA Medicine

On May 23, 2023 ReNAgade Therapeutics, a company unlocking the limitless potential for RNA medicines to correct disease, reported a $300 million Series A financing round led by MPM BioImpact and F2 Ventures (Press release, ReNAgade Therapeutics, MAY 23, 2023, View Source [SID1234632032]).

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ReNAgade has built a comprehensive and complementary platform that combines its proprietary delivery technologies, including novel lipid nanoparticles (LNPs), with a broad array of coding, editing, and gene insertion tools, in an all-RNA system. ReNAgade aims to address major limitations in RNA therapeutics by enabling the delivery of RNA medicines to previously inaccessible tissues and cells in the body, substantially expanding the potential addressable disease market. The Company has an established joint venture with Orna Therapeutics Inc., combining ReNAgade’s delivery platform with Orna’s circular RNA technology. Subsequently, Orna has entered into a collaboration with Merck, which includes technologies developed under the Orna/ReNAgade JV.

"ReNAgade was founded on a bold idea—to dramatically transcend the boundaries of RNA medicine, a field that has made great strides but remains in its infancy," said Ansbert Gadicke, M.D., Managing Partner of MPM BioImpact and Founder of ReNAgade. "By innovating on delivery technology and bringing an array of genomic medicine tools under one roof, ReNAgade is poised to deliver RNA to organs and tissues not previously accessible. ReNAgade’s joint venture with Orna provides early validation of the technologies that ReNAgade will continue to bring forward."

Founded by MPM BioImpact, ReNAgade is led by Chairman and Chief Executive Officer Amit D. Munshi, an industry veteran with more than 30 years of experience leading biotech companies and most recently the CEO of Arena Pharmaceuticals, with support from a world-class executive and scientific team with deep, translational expertise across multiple RNA modalities. Pete Smith, Ph.D., Chief Scientific Officer and an Executive Partner at MPM BioImpact, joins from Alnylam having previously served as Chief Early Development Officer and prior to that Senior Vice President and Head of R&D Nonclinical at Moderna, while Ciaran Lawlor, Ph.D. joins as Chief Operating Officer from Boston Consulting Group, having previously held scientific roles at Moderna. Brian Shuster joins as Chief Business Officer from Bristol Myers Squibb. Brian previously worked at Johnson & Johnson where he led acquisitions, divestitures, and equity investing, and at JPMorgan, where he worked with biotech companies on strategic and financing transactions.

"In order to fulfill our mission to develop RNA medicines with the potential to treat any disease anywhere in the body, we have curated a world-class, multidisciplinary team who have collectively achieved 25 NDAs, including four in RNA medicines, and 200 INDs and have been pioneers in the field of RNA medicines," said Amit D. Munshi, Chief Executive Officer of ReNAgade. "We are further buoyed by the support of our long-term investors and validated by the progress we have made to date—making us well-positioned to expand the reach of RNA medicine far beyond what was previously thought possible."

Pathos Launches Precision Oncology Pipeline With License of First Phase I Program, a CBP/p300 Inhibitor

On May 23, 2023 Pathos AI, Inc. (www.pathos.com), a biotechnology company focused on revolutionizing precision medicine in cancer by harnessing the power of machine learning to transform drug development, reported that it has entered into a worldwide license agreement to develop FT-7051, a small molecule CBP/p300 inhibitor program from Novo Nordisk as Pathos’ first clinical-stage asset in its pipeline (Press release, Pathos AI, MAY 23, 2023, View Source [SID1234631984]).

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FT-7051 was developed by Forma Therapeutics, which was acquired by Novo Nordisk in 2022, and is currently in phase I development. FT-7051 (renamed P-300) was evaluated in prostate cancer and has potential for development in multiple tumor types. The molecule inhibits the CBP/p300 protein, which is involved in the activation of genes that promote cancer cell growth and proliferation.

The development of this molecule reflects Pathos’ commitment to precision medicine and biomarker-driven approaches in cancer treatment. "P-300 has shown promising phase I data and we are confident that leveraging our PathOS PlatformTM will enhance an optimized path toward a broader patient population that could benefit from this therapeutic option." explained Ryan Fukushima, Pathos CEO. "We are thrilled about this licensing agreement with Novo Nordisk and accelerating the development for this CBP/p300 inhibitor program."

The license will enable Pathos to continue the development of the drug and bring it to market as quickly and as safely as possible. Pathos has not yet shared specific plans for P-300 but will disclose more details during upcoming oncology conferences.

About P-300

P-300 is an oral, small molecule inhibitor that has the potential to provide clinical benefit for patients with advanced prostate cancer, either alone or in combination with other treatments. P-300 works by inhibiting CREBBP/EP300 (also known as CBP/p300), which are proteins that activate genes that promote cancer cell growth and proliferation. Inhibiting these proteins impacts the expression of key cancer drivers, including the androgen receptor (AR) and its variants, making P-300 relevant not only to advanced prostate cancer, but also to other cancer indications as well, either alone or in combination with other treatments.