Odonate Therapeutics Announces Positive Top‑line Results from CONTESSA, a Phase 3 Study of Tesetaxel in Patients with Metastatic Breast Cancer

On August 24, 2020 Odonate Therapeutics, Inc. (NASDAQ: ODT), a pharmaceutical company dedicated to the development of best‑in‑class therapeutics that improve and extend the lives of patients with cancer, reported positive top‑line results from CONTESSA, a Phase 3 study of tesetaxel in patients with metastatic breast cancer (MBC) (Press release, Odonate Therapeutics, AUG 24, 2020, View Source [SID1234563978]).

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CONTESSA is a multinational, multicenter, randomized, Phase 3 study of tesetaxel, an investigational, orally administered taxane, in patients with MBC. CONTESSA is comparing tesetaxel dosed orally at 27 mg/m2 on the first day of each 21‑day cycle plus a reduced dose of capecitabine (1,650 mg/m2/day dosed orally for 14 days of each 21‑day cycle) to the approved dose of capecitabine alone (2,500 mg/m2/day dosed orally for 14 days of each 21‑day cycle) in 685 patients randomized 1:1 with human epidermal growth factor receptor 2 (HER2) negative, hormone receptor (HR) positive MBC previously treated with a taxane in the neoadjuvant or adjuvant setting. Capecitabine is an oral chemotherapy agent that is considered a standard‑of‑care treatment in MBC. Where indicated, patients must have received endocrine therapy with or without a cyclin‑dependent kinase (CDK) 4/6 inhibitor. The primary endpoint is progression‑free survival (PFS) as assessed by the Independent Radiologic Review Committee (IRC). The secondary efficacy endpoints are overall survival (OS), objective response rate (ORR) as assessed by the IRC and disease control rate (DCR) as assessed by the IRC. CONTESSA is being conducted at 180 investigational sites in 18 countries in North America, Europe and Asia.

CONTESSA met the primary endpoint of improved PFS as assessed by the IRC. Median PFS was 9.8 months for tesetaxel plus a reduced dose of capecitabine versus 6.9 months for the approved dose of capecitabine alone, an improvement of 2.9 months. The risk of disease progression or death was reduced by 28.4% [hazard ratio=0.716 (95% confidence interval: 0.573-0.895); p=0.003] for tesetaxel plus a reduced dose of capecitabine versus the approved dose of capecitabine alone.

Tesetaxel plus capecitabine was associated with a manageable side effect profile consistent with findings from previous clinical studies. Grade ≥3 treatment-emergent adverse events (TEAEs) that occurred in ≥5% of patients were: neutropenia (71.2% for tesetaxel plus capecitabine vs. 8.3% for capecitabine alone); diarrhea (13.4% for tesetaxel plus capecitabine vs. 8.9% for capecitabine alone); hand‑foot syndrome (6.8% for tesetaxel plus capecitabine vs. 12.2% for capecitabine alone); febrile neutropenia (12.8% for tesetaxel plus capecitabine vs. 1.2% for capecitabine alone); fatigue (8.6% for tesetaxel plus capecitabine vs. 4.5% for capecitabine alone); hypokalemia (8.6% for tesetaxel plus capecitabine vs. 2.7% for capecitabine alone); leukopenia (10.1% for tesetaxel plus capecitabine vs. 0.9% for capecitabine alone); and anemia (8.0% for tesetaxel plus capecitabine vs. 2.1% for capecitabine alone).

Adverse events resulting in treatment discontinuation in ≥1% of patients were: neutropenia or febrile neutropenia (4.2% for tesetaxel plus capecitabine vs. 1.5% for capecitabine alone); neuropathy (3.6% for tesetaxel plus capecitabine vs. 0.3% for capecitabine alone); diarrhea (0.9% for tesetaxel plus capecitabine vs. 1.5% for capecitabine alone); and hand-foot syndrome (0.6% for tesetaxel plus capecitabine vs. 2.1% for capecitabine alone). Treatment discontinuation due to any adverse event

occurred in 23.1% of patients treated with tesetaxel plus capecitabine versus 11.9% of patients treated with capecitabine alone.

Grade 2 alopecia (hair loss) occurred in 8.0% of patients treated with tesetaxel plus capecitabine versus 0.3% of patients treated with capecitabine alone. Grade ≥3 neuropathy occurred in 5.9% of patients treated with tesetaxel plus capecitabine versus 0.9% of patients treated with capecitabine alone.

While overall survival (OS) data are not mature, a recent interim analysis indicated the absence of an adverse effect on OS. A final analysis of OS is expected to occur in 2022.

"Tesetaxel represents a potential important clinical advance for patients with metastatic breast cancer," said Joyce O’Shaughnessy, M.D., Celebrating Women Chair in Breast Cancer Research, Baylor University Medical Center, Texas Oncology and Chair, Breast Cancer Research, US Oncology, and Co‑Principal Investigator of CONTESSA. "There remains a significant unmet medical need for novel therapies that offer quality‑of‑life advantages for patients with metastatic breast cancer. This need is underscored by a recent update to the National Comprehensive Cancer Network guidelines recommending oral oncolytics that can reduce the frequency of clinic visits."

"The clinically meaningful PFS improvement observed in CONTESSA, along with once‑every‑three‑week oral dosing and low rates of clinically significant hair loss and neuropathy, could make tesetaxel an important new treatment option for patients with metastatic breast cancer," said Andrew Seidman, M.D., Attending Physician, Breast Medicine Service, Department of Medicine, Medical Director, Bobst International Center, Memorial Sloan Kettering Cancer Center and Professor of Medicine, Weill Cornell Medical College, and Co‑Principal Investigator of CONTESSA.

"We would like to thank all of the investigators, study team personnel, and especially the patients and their caregivers who made CONTESSA possible," said Kevin Tang, Chief Executive Officer of Odonate. "We look forward to working closely with global regulatory authorities to make tesetaxel available to patients with metastatic breast cancer. We plan to submit a New Drug Application for tesetaxel to the FDA in mid‑2021."

The Company plans to submit the results of CONTESSA for presentation at an upcoming medical meeting.

Conference Call Information

Odonate will host a conference call today, Monday, August 24, 2020, at 8:30 a.m. ET. To participate in the call, please dial (866) 300-4090 (domestic) or (636) 812-6660 (international) and use conference ID 2881009.

About Tesetaxel

Tesetaxel is an investigational, orally administered chemotherapy agent that belongs to a class of drugs known as taxanes, which are widely used in the treatment of cancer. Tesetaxel has several pharmacologic properties that make it unique among taxanes, including: oral administration with a low pill burden; a long (~8‑day) terminal plasma half-life in humans, enabling the maintenance of adequate drug levels with relatively infrequent dosing; no history of hypersensitivity (allergic) reactions; and significant activity against chemotherapy‑resistant tumors. In patients with metastatic breast cancer, tesetaxel was shown to have significant, single‑agent antitumor activity in two multicenter, Phase 2 studies. Tesetaxel currently is the subject of three studies in breast cancer, including a multinational, multicenter, randomized, Phase 3 study in patients with metastatic breast cancer, known as CONTESSA.

About CONTESSA

CONTESSA is a multinational, multicenter, randomized, Phase 3 study of tesetaxel, an investigational, orally administered taxane, in patients with metastatic breast cancer (MBC). CONTESSA is comparing tesetaxel dosed orally at 27 mg/m2 on the first day of each 21‑day cycle plus a reduced dose of capecitabine (1,650 mg/m2/day dosed orally for 14 days of each 21‑day cycle) to the approved dose of capecitabine alone (2,500 mg/m2/day dosed orally for 14 days of each 21-day cycle) in 685 patients randomized 1:1 with human epidermal growth factor receptor 2 (HER2) negative, hormone receptor (HR) positive MBC previously treated with a taxane in the neoadjuvant or adjuvant setting. Capecitabine is an oral chemotherapy agent that is considered a standard‑of‑care treatment in MBC. Where indicated, patients must have received endocrine therapy with or without a cyclin‑dependent kinase (CDK) 4/6 inhibitor. The primary endpoint is progression-free survival (PFS) as assessed by an Independent Radiologic Review Committee (IRC). The secondary efficacy endpoints are overall survival (OS), objective response rate (ORR) as assessed by the IRC, and disease control rate (DCR) as assessed by the IRC.

Navidea Biopharmaceuticals to Present at The LD 500 Virtual Investor Conference

On August 24, 2020 Navidea Biopharmaceuticals, Inc. (NYSE American:NAVB) ("Navidea" or the "Company"), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, reported that Mr. Jed Latkin, Chief Executive Officer, will present at the LD Micro 500 investor conference (Press release, Navidea Biopharmaceuticals, AUG 24, 2020, View Source [SID1234563977]). The virtual conference will be held on September 1-4, 2020. Mr. Latkin will present on Tuesday, September 1 at 4:40 p.m. EDT in Track 4, which will be webcast.

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Details of Navidea’s presentation are below. For those who wish to listen to the live webcast, please use the following link: View Source." target="_blank" title="View Source." rel="nofollow">View Source The webcast will be archived on Navidea’s investor relations website, View Source for 90 days following the live presentation.

Event: LD 500 Virtual Investor Conference
Date: Tuesday, September 1, 2020
Time: 4:40 p.m. EDT
Webcast: View Source

Nascent Biotech Inc Completes $740,000 Equity Round of Funding

On August 24, 2020 Nascent Biotech, Inc (OTCQB:NBIO reported that it is closing on a direct private placement with aggregate proceeds of $740,000 (Press release, Nascent Biotech, AUG 24, 2020, View Source [SID1234563976]).

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The proceeds allow the Company to complete the required testing for removing the partial clinical trial hold, imposed by the FDA, and will permit the company to begin the Phase I clinical trials on brain cancer.

Sean Carrick, CEO of Nascent commented, "The financing has come from private individual investors and we are pleased by the interest in this round. We chose to accept strategic money knowing equity funding will prove to be more beneficial to the Company than debt financing."

IntelGenx Amends Stock Options

On August 24, 2020 IntelGenx Technologies Corp. ("IntelGenx", or the "Company") (TSX-V: IGX) (OTCQB:IGXT) reported that the Company’s board of directors amended the expiration time of Stock Options granted to Andre Godin, President and CFO, under the 2006 Stock Option Plan on July 20, 2015 (Press release, IntelGenx, AUG 24, 2020, View Source [SID1234563974]).

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The extension was granted following the end of an insider trading black-out period during which the stock options automatically extended in accordance with the insider trading black-out provision of the Company’s Second Amended 2016 Stock Option Plan.

The new expiration date is July 19, 2025, the original exercise price of CAD$0.75 (US$0.58) and all other terms remain unchanged.

The amendment is subject to final TSX-Venture Exchange approval.

Veracyte Named a San Francisco Bay Area “Top Workplace” for Seventh Consecutive Year

On August 24, 2020 Veracyte, Inc. (Nasdaq: VCYT), a leading genomic diagnostics company, reported that it has been awarded a Top Workplaces 2020 honor by the Bay Area News Group for the seventh consecutive year (Press release, Veracyte, AUG 24, 2020, View Source [SID1234563971]). The annual award is based solely on employee feedback gathered through an anonymous, third-party survey.

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"I am so proud that as our company continues to grow and evolve, including expanding internationally, we’ve been able to maintain our positive and inclusive work culture," said Bonnie Anderson, Veracyte’s chairman and chief executive officer. "We strive to ensure our more than 325 employees feel appreciated, well informed and empowered to share their points of view, and it is so gratifying to see our efforts reflected in the 2020 Top Workplace survey responses."

The Top Workplaces award winners are determined by results of a survey administered by Energage, LLC, a leading provider of technology-based engagement tools. The survey measures several key aspects of workplace culture, including organizational alignment, effective execution and meaningful connection with employees.

Veracyte’s innovation and industry leadership have been recognized consistently since the company was founded in 2008. Employees participating in the 2020 Top Workplaces survey ranked the company most highly for "doing things efficiently and well," having senior managers who understand what is happening at the company, having strong interdepartmental coordination, encouraging different points of view, and making employees feel well-informed about important decisions at the company.

"These responses reflect our deep commitment to improving the lives of patients, which requires that we trust and collaborate with each other and that we constantly seek opportunities to improve how we work together," said Ms. Anderson.

The Bay Area News Group published the complete list of 2020 Top Workplaces on Sunday, August 23. The list of winners is available at the Bay Area News Group website.