Sprint Bioscience licenses the VADA (VRK1) program to Day One Biopharmaceuticals

On August 16, 2023 Sprint Bioscience AB (publ) reported it has licensed the global rights to its cancer program VADA (VRK1) to Day One Biopharmaceuticals Inc. The total potential value of the agreement amounts to US$ 316 million plus single-digit royalties on sales of a future drug from the program. Upon entering into the agreement, Sprint Bioscience will receive an upfront payment of US$ 3 million. In addition, Sprint Bioscience will project-lead the program and be reimbursed for continuing preclinical research and development activities in the coming two years.

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"We are very proud to present that Sprint Bioscience has entered into a license agreement with Day One Biopharmaceuticals. This agreement is yet another confirmation that the work we do within the company is of the highest international class. The VADA (VRK1) program has generated great interest in the industry globally and we have chosen Day One as a partner since we are convinced that they are well suited to take the program forward. The collaboration with Day One gives us a great opportunity to realize our strategy to become a profitable growth company that extends and improves the lives of cancer patients.", says Mathias Skalmstad, acting CEO and CFO of Sprint Bioscience.

In addition to the upfront payment and research funding, Sprint Bioscience is entitled to payments linked to predefined milestones during the program’s continued development, its regulatory process, and commercialization of a potential drug. The total value of these payments is up to US$ 313 million.

The chosen partner, Day One Biopharmaceuticals Inc., is a clinical-stage American biopharmaceutical company, listed on the Nasdaq Global Select Market (Nasdaq: DAWN). With a clear focus on both solving the urgent needs of children with cancer and developing and commercializing targeted therapies for patients of all ages, Day One is judged to be a highly attractive partner for Sprint Bioscience’s VADA (VRK1) program.

About VADA
The VADA program targets the protein vaccinia-related kinase 1 (VRK1). The program aims to develop drugs targeting a family of proteins involved in the cell’s response to DNA damage (DNA damage response, DDR) and control of the cell cycle. Elevated levels of this protein family are found in a range of cancers and are correlated with poorer survival. VRK1 inhibitors have the potential to work in combination with other targeted treatments, radiotherapy or chemotherapy.

(Press release, Sprint Bioscience, AUG 16, 2023, View Source [SID1234660964])

Interim Report 2023

On August 16, 2023 Hutchison China MediTech reported its interim report 2023 (Presentation, Hutchison China MediTech, AUG 16, 2023, View Source [SID1234634837]).

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Corporate overview

On August 16, 2023 Iovance Biotherapeutics presented its corporate presentation (Presentation, Iovance Biotherapeutics, AUG 16, 2023, View Source [SID1234634500]).

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PDS Biotech Announces Data from IMMUNOCERV Phase 2 Trial Investigating PDS0101 and Chemoradiotherapy in Cervical Cancer to be Featured in Oral Presentation at the ASTRO 2023 Annual Meeting

On August 16, 2023 PDS Biotechnology Corporation (Nasdaq: PDSB) (PDS Biotech or the Company), a clinical-stage immunotherapy company developing a growing pipeline of targeted cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary T cell activating platforms, reported that data from the IMMUNOCERV Phase 2 clinical trial investigating PDS0101 in combination with standard-of-care chemoradiotherapy (CRT) for the treatment of locally advanced cervical cancer will be featured in an oral presentation at the American Society for Radiation Oncology (ASTRO 2023) Annual Meeting (Press release, PDS Biotechnology, AUG 16, 2023, View Source [SID1234634479]). ASTRO 2023 is being held October 1-4, 2023, in San Diego, CA.

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The abstract, titled "HPV Circulating Cell-Free DNA Kinetics in Cervical Cancer Patients Undergoing Definitive Chemoradiation," will report on the levels of circulating HPV-positive cell-free DNA (HPV-cfDNA) in the blood of 47 cervical cancer patients during and after CRT treatment, including subjects in the IMMUNOCERV study who received PDS0101 in addition to CRT. The research is designed to evaluate the relationship between the levels of circulating HPV viral DNA and the extent of disease, clinical staging, and treatment response in patients with HPV-positive cervical cancer. The findings will be presented by Dr. Aaron Seo, MD, Ph.D., The University of Texas MD Anderson Cancer Center.

"We are pleased that PDS0101 is being evaluated in this cutting-edge approach to better understand the patients’ prognosis and the mechanism by which PDS0101 may impact clinical outcomes in cervical cancer, and we look forward to Dr. Seo’s presentation at ASTRO 2023," stated Dr. Lauren V. Wood, Chief Medical Officer of PDS Biotech. "Examination of HPV-cfDNA in this larger cohort of patients will also provide additional insights to the IMMUNOCERV data presented at SITC (Free SITC Whitepaper) 2022, which suggested that PDS0101 promotes the induction of multifunctional CD8 killer T cells that were associated with declines in circulating tumor DNA and 100% (9/9) clinical response with greater than 60% tumor shrinkage at mid-point evaluation in high-risk cervical cancer patients."

The IMMUNOCERV Phase 2 study is investigating PDS0101 in combination with standard-of-care CRT in the treatment of patients with large tumors over 5 cm in size and/or cancer that has spread to the lymph nodes.

Presentation Details:
Abstract #: 55593
Abstract Title: HPV Circulating Cell-Free DNA Kinetics in Cervical Cancer Patients Undergoing Definitive Chemoradiation
Presenter: Aaron Seo
Author Block: Aaron Seo, Weihong Xiao, Olsi Gjyshi, Kyoko Court, Tatiana Cisneros Napravnik, Aradhana Venkatesan, Erica Lynn, Julie Sammouri, Lauren Colbert, Anuja Jhingran, Melissa Joyner, Lilie Lin, Maura Gillison, Ann Klopp
Scientific Session Number: SS 02
Scientific Session Title: GYN 1: Integrating the Next Wave of Biomarkers for Future Gynecologic Clinical Trials
Session Date/Time: October 1, 8:00AM-9:00AM

MEI Pharma Announces First Patient Dosed in Clinical Study Evaluating ME-344 Plus Bevacizumab (AVASTIN®) in Patients with Previously Treated Metastatic Colorectal Cancer

On August 16, 2023 MEI Pharma, Inc. (NASDAQ: MEIP), a clinical-stage pharmaceutical company focused on advancing new therapies for cancer, reported the dosing of the first patient in a Phase 1b study evaluating ME-344 in combination with bevacizumab (AVASTIN) in patients with previously treated metastatic colorectal cancer (Press release, MEI Pharma, AUG 16, 2023, View Source [SID1234634461]).

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ME-344 is a novel mitochondrial inhibitor targeting energy production through the OXPHOS pathway, which is important for supporting tumor cell survival and proliferation for many forms of cancer, including colorectal cancer. Bevacizumab, a vascular endothelial growth factor (VEGF) inhibitor, and other antiangiogenics, increase reliance on mitochondrial energy production, thereby providing an important opportunity to evaluate a combination with a mitochondrial inhibitor like ME-344 to inhibit energy production in tumor cells and induce an antitumor effect.

"As one of the most commonly diagnosed cancers, and a leading cause of cancer-related deaths in both men and women in the United States, there is a high medical need for new therapies to treat colorectal cancer, particularly for patients who have failed standard therapy and have metastatic disease," stated Dr Howard Hochster, Distinguished Professor, and Director, GI Oncology, Rutgers Cancer Institute. "This clinical study presents an important opportunity to evaluate a novel approach to treatment with the potential to bring improved benefit to patients. This target is quite unlike other treatments for colorectal cancer, and will be studied by investigators at the Rutgers Cancer Institute Metabolomics Center of Excellence in conjunction with the trial. We are excited to join with our colleagues nationally in the Academic GI Cancer Consortium (AGICC) to investigate this promising agent."

"We are excited to continue to pioneer the evaluation of mitochondrial inhibition as a promising approach to treat solid tumors with the initiation of this innovative study evaluating ME-344, our mitochondrial inhibitor, in combination with bevacizumab in patients with colorectal cancer who progressed after standard therapies," said Richard Ghalie, M.D., chief medical officer, of MEI Pharma. "With the current study, we look forward to the opportunity to build on both mechanistic and efficacy data from earlier pre-clinical and clinical studies demonstrating the anti-tumor activity of ME-344 in combination with bevacizumab."

The Company anticipates announcing safety and efficacy data from the first cohort of 20 ME-344 patients in the first half of 2024.

About the Phase 1b Study

The Phase 1b study is evaluating ME-344 plus bevacizumab across two cohorts in patients with metastatic colorectal cancer after failure of standard therapies. Twenty patients will be enrolled in the first cohort and receive ME-344 at 10 mg/kg once weekly in combination with bevacizumab every two weeks. If the rate of non-progression in Cohort 1 reaches a predetermined progression free survival threshold, Cohort 2 will enroll an additional 20 patients who will receive ME-344 every 2 weeks to match bevacizumab infusion frequency. Patients will be treated until disease progression or intolerability. The primary endpoint of the study is progression free survival. Secondary endpoints include overall response rate, duration of response, overall survival and safety.

About ME-344

ME-344 is a novel mitochondrial inhibitor drug candidate that has demonstrated tumor selective activity in pre-clinical studies. It targets the OXPHOS pathway involved in the production of adenosine triphosphate, or ATP. Energy supplied in the form of ATP fuels tumor metabolism supporting cell division and growth. By disrupting the production of ATP, ME-344 has been shown pre-clinically to induce cancer cell death through the induction of DNA fragmentation and through a process known as destructive autophagy, whereby a cell consumes itself. ME-344 has also demonstrated evidence of antitumor activity in preclinical and clinical studies.

The two major sources of ATP are the mitochondria and glycolysis, a process that breaks down glucose. It is understood that anti-angiogenics, like the vascular endothelial growth factor (VEGF) inhibitor bevacizumab (AVASTIN), may reduce the rate of glycolysis in tumors as a mechanism to slow tumor growth. However, tumor metabolism may then shift to mitochondrial metabolism for energy production to support continued tumor proliferation. In such cases of tumor plasticity in the presence of treatment with anti-angiogenics, contemporaneously targeting the alternative metabolic source by inhibiting ATP production with the mitochondrial drug inhibitor ME-344, may open an important therapeutic opportunity.

In a multicenter, investigator-initiated, randomized, open-label, window of opportunity clinical study, ME-344 (3 doses) plus bevacizumab (1 dose) was evaluated in 42 women with early HER2-negative breast cancer. Study results demonstrated significant biological antitumor activity in HER2-negative breast cancer patients as measured by reductions in the proliferative biomarker Ki-67 compared to placebo. The combination appeared to be generally well tolerated. The data from this study were consistent with preclinical data suggesting that ME-344 can reverse resistance to anti-angiogenic therapy and provided validation for continued evaluation of the combination of ME-344 with bevacizumab and other VEGF inhibitors.

An earlier Phase 1 clinical study evaluating ME-344 as a single-agent in patients with refractory solid tumors also demonstrated anti-tumor activity, further validating the potential of mitochondrial inhibition as a promising therapeutic modality.

About Colorectal Cancer

Colorectal cancers generally start as growths, called polyps, on the inner lining of the colon or rectum. If cancer forms in a polyp, it can grow into the wall of the colon or rectum over time, and then grow into blood vessels or lymph vessels that can allow the cancer to spread across the body. Metastatic colorectal cancer is a colorectal cancer that has already spread to other parts of the body.

Excluding skin cancers, colorectal cancers are the third most common cancer diagnosed in both men and women in the United States. It is estimated that approximately 150,000 patients will be diagnosed with colorectal cancers in the United States in 2023. Colorectal cancer is the second most common cause of cancer deaths in the U.S., with approximately 52,550 deaths expected during 2023.*

Treatment of colorectal cancer may include a combination of chemotherapy, targeted therapy, immunotherapy, surgery, and radiation therapy, which can be used to slow the spread of the disease and shrink a cancerous tumor.