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.

MEI Pharma Announces Update of Ongoing Phase 1 Study Evaluating Oral CDK9 Inhibitor Voruciclib Alone and in Combination with Venetoclax in Patients with Acute Myeloid Leukemia or B-Cell Malignancies

On May 23, 2023 MEI Pharma, Inc. (NASDAQ: MEIP), a clinical-stage pharmaceutical company focused on advancing new therapies for cancer, reported an update to the Phase 1 study evaluating voruciclib, an orally administered cyclin-dependent kinase 9 ("CDK9") inhibitor, in patients with relapsed and refractory ("R/R") acute myeloid leukemia ("AML") or B-cell malignancies (Press release, MEI Pharma, MAY 23, 2023, View Source [SID1234631983]). These results demonstrate that, as of the data cut off, voruciclib alone or in combination with venetoclax (Venclexta), a BCL2 inhibitor, was generally well tolerated with no significant myelosuppression. The results further demonstrated encouraging clinical activity in heavily pretreated patients administered voruciclib alone and at the initial dose level in combination with venetoclax. These early results are consistent with the hypothesized ability of voruciclib to inhibit MCL-1 via CDK 9 inhibition to address a common venetoclax resistance mechanism. Dose escalation is continuing in the voruciclib and venetoclax combination arm in patients with R/R AML.

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"We look forward to disclosing more data from this study around year-end, including data from patients receiving higher doses of voruciclib plus venetoclax, to further evaluate the potential of the combination to safely provide synergistic benefit to patients."

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"These initial results provide encouraging support for the potential of voruciclib administered in combination with venetoclax to address a common resistance mechanism to venetoclax therapy and deliver improved clinical benefit to patients without significant myelosuppression," said Dan Gold, Ph.D., president and chief executive officer of MEI Pharma. "We look forward to disclosing more data from this study around year-end, including data from patients receiving higher doses of voruciclib plus venetoclax, to further evaluate the potential of the combination to safely provide synergistic benefit to patients."

Phase 1 Study Overview and Preliminary Safety and Efficacy Results

The Phase 1 study is a two stage, open-label, 3+3 dose escalation and expansion study evaluating voruciclib as a monotherapy and in combination with venetoclax, a BCL-2 inhibitor. The primary objectives of the study are to determine the safety and biologic effective dose of voruciclib monotherapy or voruciclib in combination with venetoclax. Secondary objectives of the study include assessing the preliminary efficacy, pharmacokinetics, pharmacodynamics, and biomarkers of voruciclib monotherapy or voruciclib in combination with venetoclax.

The first stage of the study evaluated the dose and schedule of voruciclib as a single-agent in patients with relapsed and refractory ("R/R") acute myeloid leukemia ("AML") or B-cell malignances after failure or standard therapies. Stage 2 of the study is evaluating voruciclib in combination with standard dose venetoclax in patients with R/R AML.

Part 1, the voruciclib monotherapy dose escalation/expansion stage of the study, enrolled 40 patients with R/R AML and B-cell malignancies, the first 16 dosed daily continuously at 50 and 100 mg and the following 24 dosed on an intermittent schedule (14 consecutive days on therapy in a 28-day cycle) at 100, 150 and 200 mg. All patients were heavily pretreated with a median of 3 prior therapies (range 1-7). The most common (≥5% of all patients) adverse events related to voruciclib were diarrhea (15%), nausea (10%) and fatigue (7.5%), all graded 1 or 2. On the intermittent dosing schedule selected for further development, no dose-limiting toxicities ("DLT") were observed, there were no grade 3 or higher drug related toxicities, and dose escalation was stopped at 200 mg before reaching the maximum tolerated dose ("MTD") because plasma concentrations reached levels considered sufficient for target inhibition. Of the 10 AML patients treated at the highest dose evaluated, 200 mg daily on the intermittent schedule, the disease control rate among these patients was 50%, with a median duration on therapy of 72 days (range 27-127).

Part 2 of the study is currently evaluating the combination of voruciclib and venetoclax in patients with R/R AML. The first cohort in the dose escalation phase enrolled 6 patients administered 50 mg of voruciclib every other day for 14 days followed by 14 days of no therapy in a 28-day cycle, plus standard dose venetoclax. All patients were heavily pretreated with a median of three prior therapies. Notably, all patients previously progressed after receiving treatment with venetoclax. No DLTs or overlapping bone marrow toxicities were observed. The disease control rate was 50%, including one patient who received 5 prior therapies including stem cell transplant and who achieved a partial response after the 1st cycle of therapy and a 2nd patient with stable disease and a reduction in transfusion requirement. The study Safety Review Committee cleared enrollment in the next dose level: 50 mg administered daily for 14 consecutive days followed by 14 days of no therapy in a 28-day cycle.

"We are gratified to see preliminary evidence of clinical activity with voruciclib in combination with venetoclax at the lowest dose level evaluated," stated Richard Ghalie, M.D., chief medical officer of MEI Pharma. "These results are supportive of the hypothesis that voruciclib may reverse a mechanism of resistance to venetoclax."

About Voruciclib

Voruciclib is an orally administered cyclin-dependent kinase 9 ("CDK9") inhibitor with potential to treat both hematological malignancies and solid tumors. It is in clinical development for acute myeloid leukemia and B-cell malignancies. Applications in solid tumors are also being considered.

The CDK family of proteins are important cell cycle regulators responsible for the control of cell proliferation, differentiation, apoptosis, and DNA repair. CDK9, one of several members of the CDK family of proteins, functions as a gene transcription controller and is also involved in regulating protein degradation. Specifically, CDK9 is a promising target to treat a range of cancers because of its role in controlling two other proteins often dysregulated in cancerous cells: myeloid leukemia cell differentiation protein ("Mcl-1") and the MYC proto-oncogene protein ("MYC")

MCL1 is a member of the family of anti-apoptotic proteins which, when elevated, may prevent the cell from undergoing cell death. Inhibition of CDK9 blocks the production of Mcl-1, which is an established resistance mechanism to the B-cell lymphoma 2 ("BCL2") inhibitor venetoclax (marketed as Venclexta).

MYC regulates cell proliferation and growth. Upregulation of MYC is implicated in many human cancers and is frequently associated with poor prognosis and unfavorable patient survival. CDK9, in addition to being a transcription factor for MYC, also decreases phosphorylation of MYC protein that is implicated in stabilizing MYC in KRAS mutant cancers. Targeting MYC directly has historically been difficult, but CDK9 is a promising approach to target this oncogene.

About Acute Myeloid Leukemia and B-cell Malignancies

Acute myeloid leukemia ("AML") is a fast-growing hematologic cancer in which too many myeloblasts (a kind of immature white blood cell) are found in the bone marrow and blood. AML usually gets worse quickly if it is not treated. It can spread outside the blood to other parts of the body, including the lymph nodes, spleen, liver, central nervous system (brain and spinal cord), skin, gums, and testicles. AML is most common in older adults.*

B-cell malignancies are a type of hematologic cancer that forms in B cells (a kind of immune system cell). B-cell lymphomas may be either indolent (slow-growing) or aggressive (fast-growing). Most B-cell lymphomas are non-Hodgkin lymphomas. There are many different types of B-cell non-Hodgkin lymphomas, such as chronic lymphocytic leukemia, diffuse large B-cell lymphoma, follicular lymphoma, and mantle cell lymphoma.

BostonGene and Sylvester Comprehensive Cancer Center at the University of Miami Announce Collaboration

On May 23, 2023 BostonGene reported a collaboration with Sylvester Comprehensive Cancer Center to study the tumor microenvironment (TME) and mutational landscape of patients with high-grade B-cell lymphoma (HGBCL) (Press release, BostonGene, MAY 23, 2023, View Source [SID1234631982]).

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Sylvester Comprehensive Cancer Center (Sylvester), South Florida’s only NCI-designated cancer center, is part of the University of Miami Health System and the University of Miami Miller School of Medicine. Sylvester employs more than 2,400 physicians, researchers, and staff who work together to discover, develop, and deliver world-class cancer care.

The study will analyze the TME and translocation status in patients with HGBCL, an aggressive type of B-cell non-Hodgkin lymphoma (NHL) to study how genomics can shape the tumor microenvironment and correlate the genomic landscape and expression differences with clinical outcomes. In this collaboration, BostonGene will perform next-generation sequencing, including whole exome and whole transcriptomic analyses of primary tumors collected from HGBCL patients treated at Sylvester. BostonGene’s computational platform integrates genomic and transcriptomic analyses to simultaneously assess the tumor and microenvironment activity by identifying significant somatic alterations, evaluating gene expression, estimating tumor heterogeneity and classifying the microenvironment.

"We plan to use BostonGene’s platform to enable us to fully understand the molecular profiles of patients with high-grade B-cell lymphoma," said Juan Alderuccio, M.D., associate professor of medicine and member of the lymphoma program at Sylvester. "We are excited about this collaboration and, with our combined expertise, have the opportunity to identify optimal treatment strategies and improve patient outcomes."

"We’re honored to collaborate with lymphoma experts at Sylvester Comprehensive Cancer Center," said Nathan Fowler, MD, Chief Medical Officer at BostonGene. "We firmly believe that our next-generation multi-platform analytics will reveal distinct characteristics that can be utilized to personalize treatment."