On June 15, 2020 Immvira Group Company, a biotechnology company focused on the development of new generation oncolytic viruses as potential cancer therapeutics, reported the completion of Series B financing for 58 million US dollars (Press release, Immvira, JUN 15, 2020, View Source [SID1234561113]). Attracting some of the top international and domestic medical and biotech investors, this new round of financing was led by Huagai Capital, with participation by Apricot Capital, Cowin Capital and the lead investor from previous round.

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This round of financing will be mainly supporting the preclinical and clinical development of existing product pipelines, the discovery of new candidate in its early stage, and the potential strategic collaboration with domestic and global partners.

Immvira Group Company achieved its major milestone by receiving IND clearance of its first product T3011 (intratumoral injection) from FDA on May 29th. T3011 has become the first oncolytic virus product to conduct human study in United States from mainland China, and the first to carry out multiple-regional clinical trials in United States, Australia and mainland China.

In addition to mono and combination therapies by T3011 (intratumoral injection), Immvira Group Company has additional 4 products planned in its pipeline covering multiple indications, including lung cancer and liver cancer (T3011-systemic administration), malignant brain tumors (C5252), virus-resistant solid tumors and hematological malignancies. All are progressing steadily, which are expected to enter the clinical stage in the near future.

"The completion of this round of financing marks an important milestone for Immvira Group Company from preclinical stage entering into clinical development stage," said Dr. Grace Zhou，Chairman of BOD and CEO of Immvira Group Company. "In the year of 2020, under such special circumstances around the globe, Immvira Group Company however is still embraced by so many investors with strong and enthusiastic support, we have no reasons to slow down! On the contrary, the company will make every effort to continue to uphold our corporate spirit of ‘Highly professional and highly focused’：not only push towards our goals at full speed, but must also watch ourselves conscientiously in each step of the development process."

On June 15, 2020 Dante Labs, a pioneer and leader in genomic testing, Cambridge Cancer Genomics (CCG.ai), a software developer specialising in data-driven precision oncology, and Nonacus, a provider of genetic testing products for precision medicine and liquid biopsy, reported that they have signed a collaboration agreement (Press release, Dante Labs, JUN 15, 2020, View Source [SID1234561112]).

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The partnership aims to build the most comprehensive and patient-centric tumour profiling service enabling improved cancer patient management, treatment and monitoring. By combining Dante Labs’ experience and capacity in delivering a sequencing service for both solid tumour and cell free circulating tumour DNA from liquid biopsies, Nonacus’ sensitive targeted pan-cancer NGS libraries, and CCG.ai’s industry leading AI powered software platform, OncOS, the companies will enable precision oncology at scale.

Improving outcomes for cancer patients means ensuring they have the right drug, at the right time to beat their cancer. This means understanding the molecular profile of the individual cancer and using that data to recommend treatments or clinical trials. Oncologists and clinical researchers will be able to send samples for processing to Dante Labs, who will use library preparation kits from Nonacus and software from CCG.ai to create a sample to report solution. If there are actionable mutations, the report will recommend the right treatments for those mutations, if there are novel or unactionable mutations, the software will also be able to match possible clinical trials.

Chris Sale, CEO of Nonacus, said: "Long turn-around time and lack of clinically oriented analysis are the main obstacles to fully deliver the potential of cancer genomics to patients. This partnership will provide the flexibility and accuracy that oncology professionals need to integrate cancer genomics into the care of their patients. The COVID pandemic has increased the backlog of genetic testing for cancer, potentially leaving many suspected cancers unconfirmed and treatments delayed. Dante is the biggest clinical sequencing hub in Europe able to process large numbers of samples in high throughput. It is our hope that by adding AI software from CCG.ai and our library preparation kits, together we will be able to process samples and provide bioinformatic analysis critical to determining the best treatment path for patients. Only with this comprehensive content at scale will it be possible to address the COVID backlog."

Nirmesh Patel, CSO at Cambridge Cancer Genomics, said: "With cancer being one of the greatest healthcare challenges we are facing, this partnership opens the door to democratizing access to data-driven cancer treatment. Combining our industry leading precision oncology platform with Nonacus’ precise NGS solutions and Dante Labs’ fast and efficient NGS services provides customers with the ability to perform precision oncology at scale. The combined solution will enable oncologists to precisely and comprehensively profile a patient’s tumor and ultimately improve outcomes."

Gianmarco Contino, Senior Lecturer (Associate Professor) of Cancer Genomic Medicine, said: "It is the beginning of a revolution in cancer treatment. Until now we have been treating cancer by tissue of origin. But each cancer harbors a unique combination of mutation which makes it effectively a ‘rare’ disease. Therefore the right approach should be to start from the mutations and look for the right drugs. There is a great deal we can learn from sequencing cancer genomes: not only what therapy is going to be more effective but also safer and less toxic. We are now at a stage where a patient can benefit directly from this knowledge. Machine learning is helping us to unleash the potential of information hidden in the complexity of the genome."

On June 15, 2020 AVEO Oncology (Nasdaq: AVEO) reported that it has commenced an underwritten public offering of $40.0 million of shares of its common stock (Press release, AVEO, JUN 15, 2020, View Source [SID1234561111]). In connection with the offering, AVEO intends to grant the underwriters a 30-day option to purchase up to an additional $6.0 million of shares of its common stock. All of the shares in the offering are to be sold by AVEO. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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The net proceeds of the offering are expected to be used for working capital and general corporate purposes, including funding commercialization activities relating to tivozanib.

SVB Leerink and Stifel are acting as joint bookrunning managers for the offering. Baird and H.C. Wainwright & Co. are acting as co-lead managers for the offering.

The shares are being offered by AVEO pursuant to a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission ("SEC") on November 30, 2017 and declared effective by the SEC on December 15, 2017. A preliminary prospectus supplement relating to, and describing the terms of, the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering can be obtained from SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808-7525, ext. 6218 or by email at [email protected]; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720 or by email at [email protected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

On June 15, 2020 Codiak BioSciences, Inc., a company at the forefront of advancing engineered exosomes as a new class of biologic medicines, reported that it will present new preclinical data on its exoASO-STAT6 and exoASO-C/EBPβ programs via an oral presentation at the American Association For Cancer Research (AACR) (Free AACR Whitepaper) 2020 Virtual Annual Meeting II on June 23, 2020 (Press release, Codiak Biosciences, JUN 15, 2020, View Source [SID1234561110]).

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Codiak’s exoASO program utilizes its proprietary engEx Platform to engineer exosomes exogenously loaded with an antisense oligonucleotide (ASO). These exosomes are designed to selectively reprogram M2 immunosuppressive macrophages to an M1 pro-inflammatory phenotype by targeting and decreasing the expression of the immunosuppressive transcription factors STAT6 and C/EBPβ.

"These new data are encouraging because they demonstrate that both exoASO-STAT6 and exoASO-C/EBPβ showed significant efficacy when administered intravenously in an aggressive orthotopic model of hepatocellular carcinoma," said Sriram Sathy, Ph.D, Senior Vice President, Preclinical Development at Codiak BioSciences. "We are excited to continue to advance this program through IND-enabling preclinical studies."

Oral Presentation:

Genetic reprogramming of TAMs by engineered exosomes results in potent single agent anti-tumor activity
Abstract Number: 4723
Presentation Number: 5696
Session Title: Novel Immunotherapies and Mechanisms
Date/Time: Tuesday June 23, 2020 from 9:35-9:50 AM ET

About engEx Platform

The engEx Platform is Codiak’s proprietary exosome therapeutic engine for engineering and manufacturing novel exosome product candidates designed to target multiple pathways throughout the body. Using this platform, Codiak can design exosomes with precisely engineered properties, incorporate various types of biologically active molecules and direct them to specific cell types and tissues. These exosomes engage targets by cellular uptake, membrane-to-membrane interaction or a combination of both mechanisms and are designed to change the biological functioning of the recipient cells in order to produce the intended biological effect. Codiak is building a broad pipeline of engEx product candidates that may have a transformative impact on the treatment of many diseases.

On June 15, 2020 Shattuck Labs, Inc. ("Shattuck"), a clinical-stage biotechnology company advancing its proprietary Agonist Redirected Checkpoint (ARC) platform to develop a novel class of biologic medicines for the treatment of cancer and autoimmune disease, reported the closing of a $118 million Series B equity financing. Redmile Group was the lead investor, with other new investors including Janus Henderson Investors, Fidelity Management & Research Company, LLC, EcoR1 Capital, Hatteras Venture Partners, Avidity Partners, Partner Fund Management, Emerson Collective, and Piper Sandler & Co., as well as participation from existing investors (Press release, Shattuck Labs, JUN 15, 2020, View Source [SID1234561109]).

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"Over the past four years we have pioneered the development of our proprietary ARC technology platform, which consolidates checkpoint blockade and tumor necrosis factor receptor superfamily (TNFRSF) agonism into single therapeutics, tackling many of the risks associated with a new biologics platform along the way," said Taylor Schreiber, M.D., Ph.D., Chief Executive Officer of Shattuck. "The support from this syndicate of experienced life science investors will accelerate clinical development of multiple programs aimed to establish ARC therapeutics as an entirely new class of biologic medicine."

The proceeds from the financing will be used to support the continued clinical development of SL-172154 (SIRPα-Fc-CD40L), a wholly-owned fusion protein that combines CD47 inhibition with CD40 co-stimulation, and SL-279252 (PD1-Fc-OX40L), Shattuck’s lead PD1 asset being developed in collaboration with Takeda Pharmaceuticals. Shattuck anticipates adding another clinical program in 2021 and continuing the development of an innovative pipeline of compounds for the treatment of cancer and autoimmune disease.