CARsgen Announces Collaboration Agreement to Evaluate AB011 in Combination with PD-L1 Checkpoint Inhibitor to Treat Gastric Cancer

On January 31, 2023 CARsgen Therapeutics Holdings Limited (Stock Code: 2171.HK), a company focused on innovative therapies for the treatment of hematologic malignancies and solid tumors, has reported CARsgen’s execution of a collaboration agreement with F. Hoffmann-La Roche Ltd ("Roche") to evaluate CARsgen’s investigational drug AB011, the first humanized monoclonal antibody against Claudin18.2 (CLDN18.2) that received IND clearance globally, in combination with atezolizumab, Roche’s PD-L1 checkpoint inhibitor, along with standard-of-care chemotherapy in patients with gastric or gastroesophageal junction carcinoma (Press release, Carsgen Therapeutics, JAN 31, 2023, View Source [SID1234626685]). Under the terms of the agreement, Roche will be responsible for operation and conduct of the trial while both companies co-share the costs of the AB011 treatment arms in the study. As part of the clinical collaboration, CARsgen’s proprietary CLDN18.2 IHC test kit, which has showed excellent specificity and sensitivity profiles, will be applied to evaluate CLDN18.2 expression in the gastric cancer patients.

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The co-funded study of AB011 in combination with atezolizumab will be conducted as part of Roche’s Morpheus Platform. The Morpheus Platform is a collection of Phase Ib/II clinical trials in multiple cancers with high unmet clinical needs including gastrointestinal cancer, designed to assess the safety and early efficacy to enable more rapid and efficient development of novel cancer treatment combinations.

"We are glad to work with Roche, a global leader in oncology, to explore the potential of AB011 in combination with atezolizumab and chemotherapy for the treatment of gastric cancer," said Dr. Zonghai Li, Founder, Chairman of the Board, Chief Executive Officer, and Chief Scientific Officer of CARsgen, "Gastric cancer is one of the most common cancer types worldwide and the treatment options for gastric cancer patients are still very limited. CLDN18.2 is a promising therapeutic target for the treatment of CLDN18.2 positive solid tumors, including gastric cancer, pancreatic cancer, etc. Since 2014, CARsgen team has developed several innovative medicines against CLDN18.2 in the pipeline including CAR T-cell therapies and AB011. AB011 is an important asset in the CLDN18.2 franchise of CARsgen and is the first monoclonal antibody against CLDN18.2 that received IND clearance in China. Through this collaboration, we are excited to evaluate the combination of AB011 and atezolizumab which can potentially bring greater clinical benefits to gastric cancer patients."

About AB011

AB011 is a humanized Claudin18.2 monoclonal antibody (mAb) product that has received an investigational new drug (IND) approval from the National Medical Products Administration (NMPA) for the treatment of Claudin18.2 positive solid tumors. CARsgen is conducting a Phase I clinical trial of AB011 for the treatment of Claudin18.2 positive solid tumors in China to evaluate the safety, tolerability, pharmacokinetics, and preliminary efficacy of AB011 infusion.

Myeloid Therapeutics to Present at the Guggenheim Healthcare Talks 2023 Oncology Day

On January 31, 2023 Myeloid Therapeutics, Inc. ("Myeloid"), a clinical stage mRNA-immunotherapy company, reported that management will present at the Guggenheim Healthcare Talks 2023 Oncology Day, being held February 8-9, 2023, in New York, NY (Press release, Myeloid Therapeutics, JAN 31, 2023, View Source [SID1234626684]).

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Daniel Getts, Ph.D., CEO of Myeloid, will present a company overview on Wednesday, February 8, 2023, at 1:35 pm ET. Company management will also participate in one-on-one meetings with investors during the conference.

Aethlon Medical to Present at Sequire Biotechnology Conference on February 2nd, 2023

On January 31, 2023 Aethlon Medical, Inc. (Nasdaq: AEMD), a company developing medical technology to treat cancer and life-threatening infectious disease, reported that it will be presenting virtually at the upcoming Sequire Biotechnology Conference on Thursday, February 2nd, at 10:00 AM ET (Press release, Aethlon Medical, JAN 31, 2023, View Source [SID1234626683]). Steven LaRosa, M.D., Chief Medical Officer and Chief Scientific Officer of Aethlon Medical, will be giving the presentation.

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Event: Aethlon Medical, Inc. Presentation at the Sequire Biotechnology Conference
Date: Thursday, February 2nd, 2023
Time: 10:00 am ET

Guardant Health to integrate Lunit’s AI-based scoring algorithm for PD-L1 into its portfolio to enhance cancer biomarker detection

On January 31, 2023 Lunit (KRX:328130.KQ), in partnership with leading precision oncology company Guardant Health, reported the integration of its AI-based PD-L1 scoring algorithm into Guardant’s testing workflow to enhance biomarker detection in the Guardant360 TissueNextTM PD-L1 test for non-small cell lung cancer (NSCLC) (Press release, Guardant Health, JAN 31, 2023, View Source [SID1234626682]).

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The newly integrated algorithm will enable Guardant to offer augmented biomarker assessment for NSCLC patients through AI-based quantification of tissue samples using a scoring system generated by Lunit SCOPE PD-L1. The enhanced Guardant test is designed to support pathologists in diagnosing PD-L1 status with higher accuracy and efficiency. Through the AI software, the test showed improved detection of PD-L1 by more than 20 percent compared to manual pathologist interpretation in the most challenging cases in NSCLC1.

Lunit SCOPE PD-L1 is a CE-marked AI solution for detecting and analyzing PD-L1, a cancer biomarker. The solution may assist pathologists by minimizing interpretation discrepancy and allowing better prediction of treatment outcomes for non-small cell lung cancer (NSCLC) patients, as demonstrated in study findings published in the European Journal of Cancer.

Lunit SCOPE PD-L1’s integration with the Guardant360 TissueNext PD-L1 test is the first application in Guardant Galaxy, Guardant Health’s suite of technology applications developed internally and through outside partnerships to enhance the performance and utility of its portfolio of cancer tests.

The two companies have been in partnership since 2021, following a strategic investment from Guardant Health to Lunit.

"We are honored to partner with Guardant Health in leveraging the power of AI and digital pathology to enhance the capabilities of their comprehensive genomic profiling tests for cancer patients," said Brandon Suh, CEO of Lunit. "The development of the AI-supported scoring algorithm for the Guardant360 TissueNext PD-L1 test is a great example of using advanced medical image analytics to enhance precision diagnostics in lung cancer and help doctors find the right treatment for the right patients."

"With Guardant Galaxy, we are now accessing the most advanced AI techniques and the latest complementary technologies from leading companies in cancer diagnostics to enhance the capabilities of our tests and provide oncologists and researchers with precise and actionable information," said Helmy Eltoukhy, co-CEO of Guardant Health. "The digital pathology solution from Lunit has already demonstrated the power of AI to help improve detection of PD-L1 in certain cases of non-small cell lung cancer. We believe it has the potential to contribute much more broadly to advances in identifying cancer biomarkers and informing treatment decisions."

Nordic Nanovector ASA announces that Ludvik Sandnes has been appointed interim Chief Executive Officer (CEO) and Chief Financial Officer (CFO)

On January 31, 2023 Nordic Nanovector ASA ("Nordic Nanovector" or the "Company") reported that Ludvik Sandnes, former Chairperson of Nordic Nanovector, has been appointed interim Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the Company as from 1 February 2023 (Press release, Nordic Nanovector, JAN 31, 2023, View Source [SID1234626681]). Ludvik Sandnes will no more attend the Oncoinvent Board. Malene Brondberg, current interim CEO and CFO, will transition out of the Company, as previously announced on 9 December 2022.

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Ludvik Sandnes commented "I have been asked by the board of Nordic Nanovector to become the interim CEO and CFO of the company. As a former chairman of the board, I know the company’s history and operations, many shareholders, employees and founders quite well. In today’s difficult stock market environment, the Board has concluded it will not be possible for Nordic Nanovector to raise new capital in the short term. Therefore, the Board, together with myself and our financial advisors, Carnegie, will assess the strategic options that may be open to the company and put forward any recommended proposals for resolution by the company’s shareholders in the coming months. Our key goal is to ensure Nordic Nanovector’s continued operation and to position it for future growth for the benefit of the current organisation, employees and shareholders".

The current Board of Directors, consisting of Jon Magne Asmyr (Chairperson) and Tina Bjørnlund Bønsdorff, will continue until the next Annual General Meeting on 26 April 2023, when a proposal will be made for the election of an additional new Board member to replace Eddie Berglund who resigned on 19 January 2023.

Nordic Nanovector confirms that its stand-alone cash position at end December 2022 is expected to be approximately NOK 98m. Further commitments related to the closure of PARADIGME during 2023 and transaction costs related to the proposed APIM transaction brings the uncommitted net cash level to be approximately NOK 60m. This is in line with previous communication.

Nordic Nanovector further confirms that it will report its Q4 2022 and full year results in line with the Oslo Børs regulations on 28 February.

The Company continues to minimise costs wherever possible, with six full time employees now remaining in the Company.