Starpharma announces positive final DEP® irinotecan Phase 2 clinical trial results

On May 27, 2024 Starpharma (ASX: SPL, OTCQX: SPHRY), dedicated to helping patients with significant illnesses, such as cancer, achieve improved health outcomes through the application of our unique dendrimer technology, reported the full results of the Phase 2 open-label clinical trial of DEP irinotecan (Press release, Starpharma, MAY 27, 2024, View Source;mc_eid=bf52dd3418 [SID1234643710]). The trial met its objectives, with endpoints demonstrating positive anti-tumour efficacy of DEP irinotecan in heavily pre-treated patients with a range of difficult-to-treat, advanced, metastatic cancers, including colorectal cancer (CRC) and platinum-resistant ovarian cancer.

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DEP irinotecan is a novel, patented nanoparticle formulation of SN38[1], the active metabolite of the widely used anti-cancer drug, irinotecan (marketed as Camptosar). Developed using Starpharma’s proprietary DEP dendrimer technology, DEP irinotecan was designed to solubilise and directly deliver SN38 to cancer tissue, eliminating the need for liver metabolism and thereby avoiding the production of toxic metabolites.

Key commercial opportunities exist for DEP irinotecan in colorectal and ovarian cancer indications. These opportunities are highlighted by the favourable efficacy results for DEP irinotecan for both indications compared with published data on standard-of-care (SoC) treatment options, and the safety data consistently demonstrating an improved safety profile compared with standard irinotecan for these patients with advanced disease.

Both these cancers remain significant unmet medical needs. Colorectal cancer is the third most common cancer in the US, with survival rates that vary significantly based on the stage of cancer, a person’s age and general health. For advanced disease, where cancer has spread to other parts of the body (metastasised), the 5-year relative survival rate is only 17%[2]. Platinum-based chemotherapy is the backbone of treatment for ovarian cancer, but most women will relapse and develop drug resistance to these agents. Platinum-resistant ovarian cancer has a poor prognosis, and the few treatment options available have only shown marginal benefit[3].

In this context, the results for DEP irinotecan showing clinically meaningful improvements in efficacy, measured by progression-free survival and objective responses, and tolerability when compared to standard irinotecan and other SoC treatment options are particularly impressive and demonstrate the promising clinical utility and high value potential of DEP irinotecan in patients with advanced colorectal and platinum-resistant ovarian cancer.

DEP irinotecan clinical efficacy results (Phase 1/2 combined data)

The 114 patients enrolled in the study (Phase 1 N=7, Phase 2 N=107) ranged in age from 31 to 78 years and had exhausted all standard-of-care treatment options prior to commencing therapy with DEP irinotecan.

Key efficacy results in heavily pre-treated patients with advanced colorectal cancer[4] (CRC), 98% (54/55) of whom experienced cancer progression following up to 4 lines of prior irinotecan treatment, include:

Median progression-free survival (mPFS) was 4.2 months when DEP irinotecan was administered once every 2 weeks (Q2W) in combination with 5‑FU/LV in patients who had received a median of 3 prior anticancer regimens (N=17);
In patients evaluable[5] for assessment of tumour size changes (N=14), the disease control rate (DCR)[6] was 86%, and the objective response rate (ORR)[7] was 14%, with stable disease (SD) and partial responses (PRs) lasting up to 45 weeks. Several patients continue to receive the DEP irinotecan 5-FU/LV combination therapy.
These outcomes for DEP irinotecan plus 5-FU/LV represent an approximate 68% improvement in mPFS and 3.5 times greater ORR compared with published data in advanced CRC patients for conventional irinotecan plus 5-FU/LV ("FOLFIRI") as second-line therapy (i.e., in patients even less heavily pre-treated than in the current study), which report a mPFS of 2.5 months and an ORR of 4%[8].

When DEP irinotecan was administered as a monotherapy Q2W/Q3W in patients who had received a median of 4 prior anticancer regimens, median progression-free survival (mPFS) was 2.1 months (N=38) and disease control rate (DCR) in evaluable patients (N=31) was 48%, with disease control lasting up to 72 weeks.
Key efficacy results in heavily pre-treated patients with advanced platinum-resistant/refractory ovarian cancer include:

Median progression-free survival (mPFS) was 9.3 months when DEP irinotecan was administered as a monotherapy Q2W in patients who had received a median of 6 prior anticancer regimens and 30 prior treatment cycles (N=8);
In monotherapy Q2W evaluable patients (N=7), the disease control rate (DCR) was 100% and the objective response rate (ORR) was 43%, with stable disease (SD) and partial responses (PRs) lasting up to 62 weeks to date. There are 2 patients continuing to receive DEP irinotecan therapy due to ongoing responses and significant clinical benefit;
One patient with no measurable target lesions achieved a complete response (CR) evidenced by complete resolution of tumour ascites and pleural effusion;
Another patient who had a partial response (PR) had complete resolution of their target tumour (100% reduction in size) and tumour ascites, and an ovarian cancer tumour biomarker (CA-125[9]) reduction of 98%, with stable non-target tumour lesions;
More than 75% of patients had ovarian cancer tumour biomarker (CA-125) reductions.
These outcomes for DEP irinotecan in patients with platinum-resistant ovarian cancer demonstrate up to an approximate 3 times longer mPFS and 3.5 to 7 times greater ORR compared with standard-of-care single-agent therapies for platinum-resistant ovarian cancer, including paclitaxel (Taxol), topotecan (Hycamtin), gemcitabine (Gemzar) or pegylated liposomal doxorubicin (Caelyx), which report mPFS ranging from 3.1 to 3.6 months and ORRs ranging from ~6 to 12%[10],[11].

The mPFS of 9.3 months for DEP irinotecan monotherapy Q2W is also approximately 50% longer than the mPFS of 6.3 months reported for the combination of standard chemotherapy with the targeted monoclonal antibody, bevacizumab (Avastin)11, in patients with platinum-resistant ovarian cancer. The ORR of 43% achieved with DEP irinotecan monotherapy is also more than 50% higher than the ORR of 27.3% for the chemotherapy plus bevacizumab combination regimen.

When DEP irinotecan was administered as a monotherapy (Q2W/Q3W combined), mPFS was 3.2 months (N=23).
These very promising results in patients with platinum-resistant/refractory ovarian cancer were achieved despite standard irinotecan not being approved for use in this indication. The emergence of resistance to platinum-based therapies in patients with recurrent ovarian cancer is inevitable, and outcomes for these patients remain poor, with limited treatment options available, highlighting a substantial unmet need for new treatments and a promising new market opportunity for DEP irinotecan.

Promising anticancer activity was also observed in patients with various other cancer types, including breast and pancreatic. A patient with advanced metastatic breast cancer, who had received 12 prior lines of therapy and 119 prior cycles of treatment, received 25 cycles of DEP irinotecan (Q3W) and achieved stable disease for 72 weeks.

At the time of database lock (DBL), an insufficient number of overall survival (OS) events (i.e., patient deaths) had been reported to allow calculation of median OS endpoints (i.e., survival remained above 50% at DBL).

DEP irinotecan safety and tolerability

DEP irinotecan was very well tolerated in this trial, with an improved safety profile, including significantly fewer severe gastrointestinal treatment-related adverse events (TRAEs), compared to published data on conventional irinotecan.

Importantly, there were no reports of severe or life-threatening (≥ grade 3) diarrhoea in colorectal cancer patients and only one report of grade 3 diarrhea in a patient with ovarian cancer following DEP irinotecan therapy. Similarly, severe nausea was reported in only 2 patients (1.8%), and severe vomiting was reported in only 1 patient (0.9%). This notable lack of gastrointestinal toxicity was despite more than 775 doses of DEP irinotecan having been administered in this study involving 114 patients. This result is a significant improvement in the side effect profile when compared to conventional irinotecan (Camptosar) treatment, which is associated with severe or life-threatening diarrhoea in more than 20% of patients[12]. Irinotecan-induced diarrhoea, which is the subject of an FDA "Black Box" warning for standard irinotecan, is frequently associated with the discontinuation of treatment and hospitalisation and can have potentially fatal outcomes.

With DEP irinotecan, there were also no reports of cholinergic syndrome, which occurs in approximately 47% of patients treated with conventional irinotecan12. This problematic adverse event involves symptoms such as acute diarrhoea, slow heartbeat, low blood pressure, increased salivation and tears, blurred vision, excessive sweating, flushing, and abdominal cramping.

Overall, symptomatic TRAEs for DEP irinotecan were mostly mild to moderate in severity and included nausea, vomiting, fatigue, constipation, decreased appetite and hair loss. Bone marrow toxicity (myelosuppression) was generally uncomplicated and manageable, with colony-stimulating growth factor (G-CSF) used as necessary.

DEP irinotecan’s highly favourable safety and tolerability profile was a key component of the clinical benefit evidenced by patients in this early phase trial. Irrespective of dosing frequency (Q3W or Q2W) and whether monotherapy or the 5-FU/LV combination therapy, many patients were able to receive long-term treatment. For example, long-term treatment was achieved in heavily pretreated, advanced colorectal, ovarian, and breast cancer patients as well as a pancreatic cancer patient, all of whom received at least 6 months of therapy, with many of these receiving more than 1 year of DEP irinotecan treatment, including several who have continued access to DEP irinotecan treatment.

Importantly, there were no immune-mediated adverse events with DEP irinotecan, making it suitable for combination with immune-oncology agents. The excellent tolerability of DEP irinotecan makes it a suitable candidate for other combination regimens where the gastrointestinal adverse event profile of standard irinotecan may be problematic. No new adverse events were observed with DEP irinotecan compared to conventional irinotecan, indicating a lack of toxicity due to the dendrimer scaffold.

DEP clinical results to be presented in oral presentations at ASCO (Free ASCO Whitepaper) 2024 Annual Meeting

These final clinical data from the DEP irinotecan Phase 1/2 trial will be presented at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting to be held from 31 May to 4 June 2024 in Chicago. In addition, the positive DEP cabazitaxel Phase 2 trial results, announced in October 2023, will also be presented in full at the ASCO (Free ASCO Whitepaper) Meeting. These two oral presentations will showcase the significant advantages of the DEP dendrimer technology in delivering different classes of cytotoxic chemotherapeutics to achieve improved treatment outcomes for patients with a range of cancers.

DEP irinotecan and DEP cabazitaxel have the potential to provide efficacious alternative options for eligible patients with a significantly enhanced safety profile, which could be especially important for patients who may otherwise not be suitable for treatment with the standard chemotherapy option. Both products are supported by a strong international intellectual property portfolio, and Starpharma is looking to license global rights to DEP irinotecan and DEP cabazitaxel to a partner with the expertise to maximise their clinical and commercial potential.

The DEP irinotecan data will be presented at the ASCO (Free ASCO Whitepaper) Meeting by Dr Jia (Jenny) Liu MD PhD FRACP, Medical Oncologist and Principal Investigator at the Kinghorn Cancer Centre, St Vincent’s Hospital in Sydney, who commented on the positive Phase 1/2 clinical trial results:

"The full DEP irinotecan / DEP SN38 trial results are very exciting. DEP irinotecan in heavily pre-treated, advanced cancer patients demonstrated highly encouraging efficacy results in a range of tumour types. These responses include significant and sustained tumour shrinkage and disease control in patients with irinotecan-pre-treated colorectal cancer and platinum-resistant ovarian cancer.

"Furthermore, DEP irinotecan exhibits excellent tolerability, with a distinct lack of severe gastrointestinal toxicity that is a common and problematic feature of standard irinotecan treatment. Such treatment tolerability, combined with sustained disease control, has meant that many of our patients, including those who are quite young with advanced colorectal cancer, have been able to receive long-term treatment and continue to work and engage socially with their peers, which is very important for their quality of life.

"I’m impressed by the DEP delivery platform, which is highly flexible and has the potential to more effectively deliver a broad range of compounds, including other cytotoxic and small molecules, as well as radioisotopes, and as a potential alternative to antibody-drug conjugates (ADCs) to treat and image cancers, while avoiding or reducing possible adverse effects.

"The ASCO (Free ASCO Whitepaper) annual meeting is the world’s biggest global clinical cancer conference. It’s noteworthy that these exciting DEP irinotecan trial results were chosen for an oral presentation, and we are delighted to showcase this very promising and flexible DEP delivery platform to this important audience."

Prof. James Spicer MBBS FRCP PhD, professor of experimental cancer medicine at King’s College London, and consultant in medical oncology and Principal Investigator at Guy’s and St Thomas’ NHS Foundation Trust in London, will present the DEP cabazitaxel data on behalf of Starpharma and the study team at ASCO (Free ASCO Whitepaper), and commented on the DEP cabazitaxel:

"I’m delighted to present the exciting findings for the DEP cabazitaxel Phase 2 clinical trial at the prestigious ASCO (Free ASCO Whitepaper) 2024 Annual Meeting in Chicago. Being selected for an oral presentation from thousands of submitted abstracts provides an excellent opportunity to present the full findings from this particular trial and showcase the DEP delivery platform technology.

"The Phase 2 DEP cabazitaxel results demonstrated very promising anti-cancer activity in advanced, hard-to-treat cancers, including patients with prostate, esophago-gastric and platinum-resistant ovarian tumours, and showed clinically meaningful responses in patients whose cancer has progressed following prior treatment with taxane therapies.

"Furthermore, DEP cabazitaxel was well-tolerated in these advanced cancer patients. Notably, little bone marrow toxicity (myelosuppression) was observed even in the absence of preventative G-CSF treatment. This was despite patients being at risk of such chemotherapy-induced toxicity, particularly the relatively elderly prostate cancer patients with extensive bone metastatic disease.

"Given the exciting results, further clinical development of DEP cabazitaxel is warranted, not only for the treatment of advanced prostate cancer but also platinum-resistant ovarian or esophago-gastric cancers, where there remains a significant unmet need."

Starpharma’s Chief Executive Officer, Cheryl Maley, commented:

"Building on the interim data reported by Starpharma in Q1FY24, the final results reported today show very positive efficacy outcomes for DEP irinotecan in both colorectal and ovarian cancer indications. The results compare very favourably with published data on standard-of-care treatments, indicating the potential for improved quality of life for patients with advanced cancers.

"The patients involved in Starpharma’s DEP irinotecan Phase 2 study were heavily pre-treated, with the colorectal cancer cohort having had a median of 3 lines of prior anti-cancer treatment before entering our study, and the platinum-resistant ovarian cohort having had a median of 6 lines of previous treatment. Almost all the colorectal cancer patients had already progressed following prior treatment with standard irinotecan. This level of pre-treatment and advanced disease makes the efficacy outcomes for DEP irinotecan even more impressive, especially when the results are compared with standard approved therapies.

"We are excited to present the positive clinical data from Starpharma’s Phase 2 trials of both DEP irinotecan and DEP cabazitaxel at the 2024 ASCO (Free ASCO Whitepaper) Annual Meeting. The data demonstrate clinically meaningful anti-tumour efficacy and a favourable safety/tolerability profile for both products in multiple hard-to-treat cancers.

"The ASCO (Free ASCO Whitepaper) Meeting is the world’s most comprehensive gathering of oncology clinicians, researchers and pharmaceutical companies to hear the latest breakthroughs and advancements in cancer treatment. Only a small proportion of submitted abstracts are accepted for presentation at the ASCO (Free ASCO Whitepaper) Annual Meeting, and this year, fewer than 4% of these accepted abstracts have been designated for full or rapid oral presentation.

"It is, therefore, a significant achievement that both DEP irinotecan and DEP cabazitaxel abstracts have been accepted for oral presentation, and underscores the quality and potential clinical impact of the findings in a broad context. The presentations provide Starpharma with the opportunity to showcase these two products and the DEP platform technology more broadly to a global audience.

"Promisingly, DEP irinotecan demonstrated positive outcomes in combination with 5-fluorouracil (5-FU) and leucovorin (LV) for colorectal cancer and as a monotherapy for platinum-resistant ovarian cancer, with significantly longer progression-free survival and disease control rates compared to standard treatments. The safety profile of DEP irinotecan was favourable, with a notable lack of severe gastrointestinal adverse events and cholinergic syndrome compared to standard irinotecan.

"We are confident that DEP irinotecan, as monotherapy and in an array of potential combination regimens, presents significant commercial opportunities in colorectal and ovarian cancer indications, potentially addressing unmet medical needs in these challenging-to-treat cancers. Starpharma is seeking a partner to further develop this product for patients in need."

Starpharma would like to thank the patients who participated in the DEP irinotecan trial, and their families and caregivers, as well as the study investigators and study team who worked on the trial.

ASCO 2024 Annual Meeting Presentation Session Details

DEP cabazitaxel
Title: Efficacy and safety of dendrimer-enhanced (DEP) cabazitaxel (DEP CTX) in patients with advanced solid cancers in a phase 1/2 trial (P1/2)
Session Title: Oral Abstract Session – Developmental Therapeutics—Molecularly Targeted Agents and Tumor Biology
Date and Time: Saturday, June 1, 2024; 3:00 PM-6:00 PM CDT

Abstract Number: 3004
View Source

DEP irinotecan

Title: Dendrimer-enhanced (DEP) SN38 (DEP irinotecan) in patients (pts) with advanced solid tumors: A phase 1/2 trial
Session Title: Rapid Oral Abstract – Developmental Therapeutics—Molecularly Targeted Agents and Tumor Biology
Date and Time: Monday, June 3, 2024; 8:00 AM-9:30 AM CDT

Abstract Number: 3014
View Source

View/download the ASX Announcement: Positive final DEP irinotecan Phase 2 clinical trial results.

[1] SN38 is of the class of drugs known as topoisomerase-1 inhibitors, which includes other drugs such as topotecan and deruxtecan, which is the active moiety of the approved anticancer antibody-drug conjugate (ADC), trastuzumab-deruxtecan (T-DXd, Enhertu).

[2] View Source

[3] View Source

[4] Colorectal cancer (CRC), or bowel cancer, is cancer affecting the large intestine and the rectum.

[5] All efficacy response data reported in this announcement are for evaluable patients. Evaluable patients are those that received ≥1 dose cycle of DEP irinotecan and had a CT scan to assess response to treatment at ≥~8 weeks after commencement of treatment with DEP irinotecan.

[6] DCR comprises stable disease (SD), partial responses (PR) and complete responses (CR).

[7] ORR comprises PR and CR.

[8] Tournigand et al., FOLFIRI Followed by FOLFOX6 or the Reverse Sequence in Advanced Colorectal Cancer: A Randomized GERCOR Study, Clinical Oncology, 2023;41(19):3469-3477. View Source

[9] CA-125: cancer antigen 125.

[10] Mutch et al., Randomized Phase III Trial of Gemcitabine Compared with Pegylated Liposomal Doxorubicin in Patients with Platinum-resistant Ovarian Cancer, J Clin Oncol, 2007;25(19):2811-2818. View Source

[11] Pujade-Lauraine et al., Bevacizumab Combined with Chemotherapy for Platinum-Resistant Recurrent Ovarian Cancer: The AURELIA Open-Label Randomized Phase III Trial, J Clin Oncol, 2014;32(13):1302-1308. View Source

[12] Camptosar (irinotecan) Injection label, View Source

Pacylex Pharmaceuticals Reports Zelenirstat Phase 1 safety and efficacy data at ASCO 2024

On May 24, 2024 Pacylex Pharmaceuticals Inc. (Pacylex) is a clinical-stage pharmaceutical company developing N-myristoyltransferase (NMT) inhibitors as targeted therapies for the treatment of hematologic cancers and solid tumors, reported that complete Phase 1 clinical study results for zelenirstat, a proprietary, potent, NMTi, will be presented at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting from May 31 to June 4, 2024, at McCormick Place in Chicago, Illinois (Press release, Pacylex Pharmaceuticals, MAY 24, 2024, View Source [SID1234645048]).

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The Phase 1 dose escalation safety and tolerability study was conducted in 29 patients with refractory/relapsed (r/r) lymphoma and refractory solid tumors who averaged 4 lines of prior therapy. Zelenirstat, administered as a once daily oral medication, was well-tolerated in Phase 1 patients up to the recommended Phase 2 dose (RP2D) with no dose limiting toxicities observed in 6 dose levels. The most common treatment related adverse events were mild to moderate gastrointestinal side effects which were self-limiting and occurred in a minority of patients.

The 7 patients receiving the recommended Phase 2 dose had significantly better progression free and overall survival than the 17 treated at lower doses; 57% had stable disease or better for six months or longer, despite having 5 different types of cancer. Prolonged Stable Disease was observed in a person with colorectal cancer that had only short-term benefit from any of the 6 prior lines of therapy; this participant continues to receive the RP2D more than a year after starting therapy and had reductions of approximately 50% in CEA (carcinoembryonic antigen) and tumor volumes.

Zelenirstat appears to work in different cancers by inhibiting the myristoylation required for assembly, translocation, and/or function of validated targets like B-cell receptor, EGFR, and VEGFR. Zelenirstat also blocks Complex I formation in mitochondria of cancer cells which shuts down oxidative phosphorylation, especially critical for metastasis and cancer stem cells.

A poster will present the complete safety results and efficacy signals from the Company’s Phase 1 study of zelenirstat, as well as evidence for mechanisms of action relevant to anticancer activity in different cancer types. The Company’s CMO, Dr. John Mackey, and CEO, Dr. Michael Weickert, will be available during the poster session and for one-on-one meetings.

Entry into a Material Definitive Agreement

On May 24, 2024 Allogene Therapeutics, Inc. (the "Company"), Overland Pharmaceuticals (CY) Inc. ("Overland") and Allogene Overland Biopharm (CY) Limited (the "JV Company") reported to have entered into a Share Exchange Agreement pursuant to which Overland’s cell therapy business merged into the JV Company (the "Organizational Restructuring").

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As background, the JV Company was originally formed on December 14, 2020 by Overland and the Company. Upon formation of the JV Company, the Company contributed an exclusive license to develop, manufacture and commercialize specific Company product candidates targeting BCMA, CD70, FLT3 and DLL3 (the "Licensed Products") in China, Taiwan, South Korea and Singapore (the "Territory"), with the Company retaining exclusive rights to the Licensed Products outside the Territory (the "Exclusive License Agreement"), and Overland contributed $117 million in upfront and certain quarterly cash payments. In return, the Company received a $40 million upfront payment and Seed Preferred Shares representing 49% of the JV Company’s outstanding stock and Overland received Seed Preferred Shares representing 51% of the JV Company’s outstanding stock.

Under the Share Exchange Agreement, the JV Company acquired from Overland a 100% equity interest in Overland Pharmaceuticals (US) Inc. ("Overland US"). Overland US includes certain research and development, clinical, and general and administrative staff, as well as select cell therapy assets, including its lead program, OL-101, an autologous GPRC5D-BCMA bispecific dual targeting CAR-T for refractory multiple myeloma. Upon completion of the closing of the share exchange, Overland US became a wholly owned subsidiary of the JV Company, Overland’s ownership increased to 81.54%, the Company’s ownership decreased to 18%, and the Ordinary Shares issuable under the share incentive plan of the JV Company equaled 0.46% of the capitalization of the JV Company on an as-converted and fully-diluted basis. In addition, the JV Company increased the total number of Ordinary Shares issuable under its share incentive plan, which resulted in diluting Overland’s and the Company’s ownership to 69.63% and 15.37%, respectively, and the Ordinary Shares issuable under the share incentive plan of the JV Company were increased to 15% of the capitalization of the JV Company on an as-converted and fully-diluted basis.

Under a separate agreement between Overland and HH BioPharma Holdings Ltd. ("HBP") executed on May 24, 2024, Overland distributed all Series Seed Preferred Shares of the JV Company held by Overland to HBP and HBP has assumed all rights and obligations attached to such Shares and all rights and obligations of Overland under the Share Exchange Agreement.

In connection with the Organizational Restructuring, on May 24, 2024, the Company and Allogene Overland BioPharm (PRC) Co., Limited (the "Licensee"), an indirect wholly owned subsidiary of the JV Company, entered into a First Amendment to Exclusive License Agreement (the "Amendment") to amend and supplement certain provisions of the Exclusive License Agreement dated December 14, 2020 between the Company and the JV Company which has since assigned all of its rights and obligations under the Exclusive License Agreement to the Licensee. Under the Amendment, the Company continues to grant the JV Company an exclusive license to develop, manufacture, and commercialize the Licensed Products in the Territory, with the Company retaining exclusive rights to the Licensed Products outside the Territory, and the royalty obligations to the Company were amended to a flat mid single-digit royalty on net sales in the Territory that are no longer subject to reductions as previously provided. The Amendment also provides the Company with additional rights to terminate the Exclusive License Agreement in its entirety or with respect to the relevant Licensed Product(s) if the Licensee fails to initiate manufacturing technology transfer with respect to a Licensed Product as agreed in the Amendment, or if HBP commits a funding default or a material breach of its representations, warranties, or covenants under the Share Exchange Agreement. The Amendment also provides that the Exclusive License Agreement will terminate automatically if the Company’s ownership in the JV Company falls below 7.5% (other than due to the Company’s sale of the Shares of the JV Company), unless at that time the JV Company and the Company have mutually agreed on the manufacturing technology transfer plan for the Licensed Product(s) and the JV Company elects to continue the license for such Licensed Product(s) with increased milestones and royalties. Under the Amendment terms such increased milestones and royalties consist of up to $115 million in milestone payments for each Licensed Product and tiered mid single-digit to low double-digit royalties on net sales in the Territory.

In connection with the Organizational Restructuring, on May 24, 2024, the Company, HBP, and the JV Company also entered into an Amended and Restated Shareholders’ Agreement which amends and restates the prior Shareholders’ Agreement dated December 14, 2020 among the Company, Overland, and the JV Company in its entirety. Pursuant to the Amended and Restated Shareholders’ Agreement, the board of directors of the JV Company will be comprised of five directors, with three directors designated by HBP, one director designated by the Company, and one director serving as the chief executive officer of the JV Company. The Amended and Restated Shareholders’ Agreement provides each of the Company and HBP certain shareholder-level consent rights, certain director-level consent rights, registration rights, information rights, and pre-emptive rights for future equity issuances. The Amended and Restated Shareholders’ Agreement shall terminate upon the consent of the parties, provided that its provisions with respect to director designation rights, shareholder-level consent rights, director-level consent rights, information rights, and pre-emptive rights shall terminate upon a qualified IPO or sale of the JV Company or its assets.

The foregoing description of the material terms of the Share Exchange Agreement, the Amended and Restated Shareholders’ Agreement and the Amendment is qualified in its entirety by reference to the complete text of such agreements, which the Company intends to file with the Securities and Exchange Commission as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

Bio-Path Holdings to Present Data at 2024 European Hematology Association Congress

On May 24, 2024 Bio-Path Holdings, Inc., (NASDAQ:BPTH), a biotechnology company leveraging its proprietary DNAbilize liposomal delivery and antisense technology to develop a portfolio of targeted nucleic acid cancer drugs, reported an upcoming poster presentation at the 2024 European Hematology Association (EHA) (Free EHA Whitepaper) Congress, taking place June 13-16, 2024 in Madrid, Spain (Press release, Bio-Path Holdings, MAY 24, 2024, View Source [SID1234643777]).

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Jorge Cortes, M.D., Director of the Georgia Cancer Center, will present interim results from the Company’s Phase 2 study of prexigebersen (BP1001) in combination with decitabine and venetoclax for the treatment of acute myeloid leukemia (AML). The data show prexigebersen continues to be well-tolerated and has now demonstrated compelling efficacy results in two reporting cohorts including evaluable newly diagnosed AML patients and evaluable refractory/relapsed AML patients, both of which exceeded outcomes with frontline therapy.

"We look forward to Dr. Cortes’ presentation of these very compelling data, which continue to demonstrate prexigebersen’s potential as a safe and effective treatment for AML," said Peter Nielsen, Chief Executive Officer of Bio-Path. "We are particularly enthusiastic with its improvement over frontline therapy and are eager to have these data presented before an audience of the world’s leading hematologists at EHA (Free EHA Whitepaper)."

Details for the poster presentation are as follows:

Title: Interim Safety and Efficacy of BP1001 in a Phase II Acute Myeloid Leukemia
Study Date and Time: Friday, June 14, 2024 at 6:00 PM CEST
Location: IFEMA Madrid Recinto Ferial, Hall 7
Abstract Number: P536

Innate Pharma Highlights Abstracts Selected for ASCO 2024 Annual Meeting

On May 24, 2024 Innate Pharma SA (Euronext Paris: IPH; Nasdaq: IPHA) ("Innate" or the "Company") reported that five abstracts with Innate’s drug candidates have been accepted for the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) 2024 Annual Meeting, taking place May 31-June 4, 2024 in Chicago, Illinois (Press release, Innate Pharma, MAY 24, 2024, View Source [SID1234643704]).

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ASCO abstract details:

Lacutamab

Abstract: 7082
Abstract Title: Lacutamab in patients with relapsed and/or refractory mycosis fungoides: results from the TELLOMAK Phase 2 trial
First Author: Pierluigi Porcu
Session Type: Poster Session
Session Title: Hematologic Malignancies—Lymphoma and Chronic Lymphocytic Leukemia
Session Date and Time: Monday June 3, 2024 – 9:00 AM – 12:00 PM

IPH6501

Abstract: TPS7095
Abstract Title: A Phase 1/2, Open-Label, Multicenter Trial Investigating the Safety, Tolerability, and Preliminary Antineoplastic Activity of IPH6501 in Patients With Relapsed and/or Refractory CD20-expressing Non-Hodgkin Lymphoma
First Author: Lorenzo Falchi
Session Type: Poster Session
Session Title: Hematologic Malignancies—Lymphoma and Chronic Lymphocytic Leukemia
Session Date and Time: Monday June 3, 2024 – 9:00 AM – 12:00 PM

Abstract: 7030
Abstract Title: Preclinical assessment of IPH6501, a first-in-class IL2v-armed tetraspecific NK Cell Engager directed against CD20 for R/R B-NHL, in comparison to a CD20-targeting T Cell Engager
First Author: Olivier Demaria
Session Type: Poster Session
Session Title: Hematologic Malignancies—Lymphoma and Chronic Lymphocytic Leukemia
Session Date and Time: Monday June 3, 2024 – 9:00 AM – 12:00 PM

Monalizumab (partnered with AstraZeneca)

Abstract: 8046
Abstract Title: Updated results from COAST, a phase 2 study of durvalumab (D) ± oleclumab (O) or monalizumab (M) in patients (pts) with stage III unresectable non-small cell lung cancer (uNSCLC)
First Author: Charu Aggarwal
Session Type: Poster Session
Session Title: Lung Cancer—Non-Small Cell Local-Regional/Small Cell/Other Thoracic Cancers
Session Date and Time: Monday June 3, 2024 – 1:30 PM – 4:30 PM

Abstract: TPS8129
Abstract Title: A phase II trial of monalizumab in combination with durvalumab (MEDI4736) plus platinum-based chemotherapy for first-line treatment of extensive stage small cell lung cancer (MOZART): Hoosier Cancer Research Network LUN21-530 study.
First Author: Hirva Mamdani
Session Type: Poster Session
Session Title: Lung Cancer—Non-Small Cell Local-Regional/Small Cell/Other Thoracic Cancers
Session Date and Time: Monday June 3, 2024 – 1:30 PM – 4:30 PM