Fuzionaire Diagnostics, Inc. Announces Name Change to Fuzionaire Theranostics, Inc. and Preclinical Oncology Pipeline

On July 31, 2023 Fuzionaire Diagnostics, Inc. reported that it has changed its name to Fuzionaire Theranostics, Inc. ("Fuzionaire Tx").

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Originally directed to make diagnostic radiopharmaceuticals for PET scans, the company’s HetSiFA library has become a powerful theranostics platform that can also make radioligand therapies. HetSiFAs, or heteroaromatic silicon-fluoride acceptors, are modular radiolabeling moieties that enable rapid prototyping of peptide-based theranostics and the rapid manufacturing of fluorine-18 (18F) PET companions at large scale. HetSiFA-based radioligand therapies use leading alpha- and beta-emitting radionuclides.

The HetSiFA platform creates chemically identical diagnostic and therapeutic companions, a feature that enables a personalized therapeutic dose for each cancer patient.

The name change marks a milestone in the company’s growth plan and reflects a developing theranostic pipeline in oncology.

Preclinical Oncology Pipeline Beginning With GRPR-Positive Prostate Cancer

The company’s first theranostic development program aims to improve the care of patients with metastatic prostate cancer by targeting the gastrin-releasing peptide receptor (GRPR) with a chemically identical and scalable 18F/ lutetium-177 (177Lu) theranostic pair.

GRPR has emerged as a promising and validated target for prostate cancer to complement the widely utilized target prostate-specific membrane antigen (PSMA).

In recent years, several PSMA-targeting radiopharmaceuticals have become available to patients worldwide. Novartis’s PSMA-targeting radioligand therapy Pluvicto, Lantheus’s 18F PET imaging agent Pylarify, Blue Earth Diagnostics’ 18F PET imaging agent Posluma, and ABX’s PET imaging agent 18F-PSMA-1007 have been approved by regulatory agencies.

Like Pylarify, Posluma, and 18F-PSMA-1007, Fuzionaire Tx’s HetSiFA-based PET diagnostics use the nuclide 18F, which offers superior availability, production scalability, and image resolution as compared to gallium-68 (68Ga), often used in theranostics.

Like Posluma, Fuzionaire Tx’s HetSiFA-based radiopharmaceuticals are enabled by silicon. Posluma is the first drug approved by the FDA with a silicon-fluoride acceptor (SiFA) moiety. Fuzionaire Tx’s patented HetSiFAs share the manufacturing advantages of SiFAs but with additional features, including an ability to create a more comprehensive array of theranostic candidates with different physicochemical and labeling properties. HetSiFAs are protected by a portfolio of issued and pending patents covering HetSiFAs and HetSiFA-containing candidates and the underlying silicon chemistry.

In the context of the growth of PSMA radiopharmaceuticals and recent evidence that not all patients can benefit from them, GRPR has emerged as the most promising target to complement PSMA. The success of 18F/177Lu theranostics targeting PSMA underscores the need for an 18F/177Lu theranostic targeting GRPR.

In this context, Fuzionaire Tx’s lead program targeting GRPR could occupy a key space in the portfolio of radiopharmaceuticals for prostate cancer.

Additional Programs and Possibilities

With origins in Robert Grubbs’ lab at Caltech and the Crump Institute for Molecular Imaging at UCLA, the company’s programs are advancing through a multi-party collaboration with McGill University, McMaster University, and Montreal-based contract research organization Paraza Pharma. The company is also advancing its programs in consultation with Prof. Mathias Schreckenberger, Director of the Nuclear Medicine Department at the University Medical Center Mainz in Germany, and the radiopharmaceutical contract development and manufacturing organization AtomVie Global Radiopharma Inc.

The company’s pipeline can expand further. The modularity of the HetSiFA platform enables the company to expand its pipeline rapidly with existing collaborators and new partners. In addition to the GRPR program, the company has discovery-stage programs for lung cancer and PSMA/GRPR-positive prostate cancer. Initial preclinical data from the GRPR program will be presented by Alexey Kostikov, PhD, Associate Professor at McGill University, at the American Chemical Society Fall Conference in August 2023.

"We are motivated to continue to innovate in how we collaborate with new partners to expand the use of HetSiFAs and the ecosystem supporting these important new labeling moieties, and to advance our GRPR and other programs through clinical trials," said Nick Slavin, CEO of Fuzionaire Tx. "By doing so, we can create new ways to treat cancer and make new theranostic medicines more accessible."

(Press release, Fuzionaire Diagnostics, JUL 31, 2023, View Source [SID1234662293])

ITM and POINT Biopharma Expand Global Supply Agreement for n.c.a. Lutetium-177

On July 31, 2023 ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company and POINT Biopharma Global Inc. (NASDAQ: PNT) ("POINT"), a company accelerating the discovery, development, and global access to life-changing radiopharmaceuticals, reported the expansion of their global supply agreements signed in 2020. The expanded agreement broadens the supply of ITM’s non-carrier-added lutetium-177 (n.c.a.177Lu) to POINT to enable its usage in the clinical and potential future commercial development of the 177Lu-based molecules in POINT’s development pipeline. Financial details of the agreement were not disclosed.

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"Since POINT launched in late 2019, ITM has been a key partner to us as we have worked to establish a commercially scalable, reliable and redundant n.c.a. lutetium-177 supply chain," said Joe McCann, Ph.D., CEO of POINT Biopharma. "In building on this established trust and ITM’s position as the world’s leading manufacturer of n.c.a. lutetium-177, we value the ability to utilize ITM’s highly pure radioisotope across our growing pipeline of next-generation radioligands for precision oncology."

Steffen Schuster, CEO of ITM added, "It is our objective to make Targeted Radionuclide Therapy as broadly available as possible, not only by advancing our own pipeline, but also by supporting the whole industry with a stable and scalable isotope supply. We look forward to enriching our long-term collaboration with POINT by supplying our versatile n.c.a. lutetium-177 for the development and commercialization of various novel molecules."

ITM holds a U.S. Drug Master File (DMF) with the Food and Drug Administration (FDA) for n.c.a. 177Lu and has marketing authorization in the EU (brand name EndolucinBeta).

About Targeted Radionuclide Therapy
Targeted Radionuclide Therapy is an emerging class of cancer therapeutics, which seeks to deliver radiation directly to the tumor while minimizing radiation exposure to normal tissue. Targeted radiopharmaceuticals are created by linking a therapeutic radioisotope to a targeting molecule (e.g., peptide, antibody, small molecule) that can precisely recognize tumor cells and bind to tumor-specific characteristics, such as receptors on the tumor cell surface. As a result, the radioisotope accumulates at the tumor site and decays, releasing a small amount of ionizing radiation, with the goal of destroying tumor tissue. The precise localization enables targeted treatment with potentially minimal impact to healthy surrounding tissue.

(Press release, ITM Isotopen Technologien Munchen, JUL 31, 2023, View Source [SID1234661156])

FY2023 Q1 Financial Results Presentation

On July 31, 2023 Daiichi Sankyo reported its Q1 financial results (Presentation, Daiichi Sankyo, JUL 31, 2023, View Source [SID1234634850]).

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Consolidated Financial Results for the First Three Months of the Year Ending March 31, 2024

On July 31, 2023 Hutchison China MediTech reported its Consolidated Financial Results for the First Three Months of the Year Ending March 31, 2024 (Press release, Hutchison China MediTech, JUL 31, 2023, View Source [SID1234634849]).

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Summary of Consolidated Financial Results for the First Quarter of the Year Ending March 31, 2024

On July 31, 2023 Sumitomo Dainippon Pharma reported its Summary of Consolidated Financial Results for the First Quarter of the Year Ending March 31, 2024 (Press release, Sumitomo Dainippon Pharma, JUL 31, 2023, View Source [SID1234634641]).

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