Vanda Pharmaceuticals to Announce Second Quarter 2018 Financial Results on August 1, 2018

On July 17, 2018 Vanda Pharmaceuticals Inc. (Vanda) (NASDAQ: VNDA) reported it will release results for the second quarter of 2018 on Wednesday, August 1, 2018, after the market closes (Press release, Vanda Pharmaceuticals, JUL 17, 2018, View Source [SID1234527746]).

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Vanda will host a conference call at 4:30 PM ET on Wednesday, August 1, 2018, during which management will discuss the second quarter 2018 financial results and other corporate activities. To participate in the conference call, please dial 1-800-708-4539 (domestic) or 1-847-619-6396 (international) and use passcode 47289344.

The conference call will be broadcast simultaneously and archived on Vanda’s website, www.vandapharma.com. Investors should go to the website at least 15 minutes early to register, download, and install any necessary audio software.

A replay of the call will be available on Wednesday, August 1, 2018, beginning at 7:00 PM ET and will be accessible until Wednesday, August 8, 2018, at 11:59 PM ET. The replay call-in number is 1-888-843-7419 for domestic callers and 1-630-652-3042 for international callers. The passcode number is 47289344.

Arcus Biosciences Announces Final Safety Results From Phase 1 Trial for AB928 in Healthy Volunteers

On July 17, 2018 Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage biopharmaceutical company focused on creating innovative cancer immunotherapies, reported the final unblinded safety data from its Phase 1 trial for AB928, its dual adenosine receptor antagonist, in healthy volunteers (Press release, Arcus Biosciences, JUL 17, 2018, View Source [SID1234527745]). These results demonstrated that AB928 was safe and well tolerated at all doses evaluated. Pharmacokinetic and pharmacodynamic data from this trial were previously presented in April at the 2018 American Association for Cancer Research (AACR) (Free AACR Whitepaper) Annual Meeting.

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"We are pleased to see that AB928 was safe and well tolerated in healthy volunteers, even at 200 mg once-daily, the highest dose tested in the study. In addition, pharmacodynamic data from this trial demonstrated that an AB928 dose between 75 mg and 150 mg once-daily should be sufficient to achieve greater than 90% inhibition of the adenosine 2a (A2a) receptor pathway," said Joyson Karakunnel, MD, MSc, FACP, Vice President of Clinical Development at Arcus. "These results demonstrate that AB928 has an attractive profile to be combined with standard-of-care regimens for the treatment of cancer, such as anti-PD-1 antibodies or chemotherapy, particularly in settings where adenosine is believed to play an immuno-suppressive role. The results also support the selection of the starting dose for the combination of AB928 and AB122, our anti-PD-1 antibody, in patients."

Design of the Phase 1 Trial for AB928 in Healthy Volunteers

The Phase 1 double-blinded, randomized, placebo-controlled trial enrolled 85 healthy volunteers. The trial included a single-ascending-dose (SAD) portion and a multiple-ascending-dose (MAD) portion. In the SAD portion, single doses of 10, 25, 75 and 150 mg and a twice-daily dose of 100 mg were evaluated. In the MAD portion, once-daily doses of 10, 25, 75 and 150 mg and 200 mg (with food) were administered to subjects for four consecutive days. In each dosing cohort, six subjects received AB928 and two subjects received placebo.

Summary of the Phase 1 Safety Results

All reported adverse events (AEs) were characterized as low-grade AEs (Grade 1 or Grade 2), with the majority of the AEs being Grade 1 events.
No AEs appeared to be dose dependent, and no AEs prevented escalation to a higher dose.
All treatment-related AEs were resolved by the end of the study period, and no serious adverse events, discontinuations or deaths were reported in the study.
There were no variations in heart rate or blood pressure that would not be considered within normal parameters.
Based on the results from the healthy-volunteer trial, patients in the first dose-escalation cohort for the Phase 1/1b program, which will evaluate AB928 + AB122, will receive once-daily doses of 75 mg of AB928. The Company plans to present the final safety results from the Phase 1 healthy-volunteer trial at a medical conference later in the year.

About the Phase 1/1b Program for AB928

The Phase 1/1b program for AB928 is designed to evaluate the safety and clinical activity of the combinations of AB928 + AB122 and AB928 + chemotherapy in selected tumor types characterized by high levels of adenosine and / or CD73 as well as T cell infiltration. These tumor types include triple negative breast cancer, ovarian cancer, colorectal cancer, gastroesophageal cancer, non-small cell lung cancer and renal cell carcinoma. As part of the Phase 1/1b program, the Company also expects to evaluate the triple combination of AB928 + anti-PD-1 therapy + chemotherapy in certain settings such as non-small cell lung cancer. The Company plans to present dose-escalation data for the combinations, including data on safety, biomarker analysis and clinical activity, in the first half of 2019.

About AB928

AB928 is an orally bioavailable, highly potent antagonist of the adenosine 2a and 2b receptors. The activation of these receptors by adenosine interferes with the activity of key populations of immune cells and inhibits an optimal anti-tumor immune response. By blocking these receptors, AB928 has the potential to reverse adenosine-induced immune suppression within the tumor microenvironment. AB928 was designed specifically for the oncology setting, with a profile that includes potent activity in the presence of high concentrations of adenosine and a minimal shift in potency due to non-specific protein binding, both essential properties for efficacy in the tumor microenvironment. AB928 has other attractive features, including high penetration of tumor tissue and low penetration through the healthy blood-brain barrier. In a Phase 1 trial in healthy volunteers, AB928 has been shown to be safe and well tolerated and to have pharmacokinetic and pharmacodynamic profiles consistent with a once-daily dosing regimen.

About AB122

AB122 is a fully human IgG4 antibody that potently and selectively blocks PD-1. The biochemical, biological and preclinical properties of AB122 have been shown to be similar to those of the marketed anti-PD-1 antibodies nivolumab and pembrolizumab. In August 2017, Arcus entered into a license agreement with WuXi Biologics for an exclusive license to develop, use, manufacture, and commercialize AB122 worldwide except for China and five other countries outside of the U.S., Europe, Japan. In November 2017, dosing was initiated in Australia for the Phase 1 trial of AB122 in cancer patients. The Company plans to report initial data from this trial in the third quarter of 2018. The Company expects AB122 to form the backbone of many of its intra-portfolio combinations.

Puma Biotechnology and Strata Oncology Announce Collaboration to Accelerate Enrollment in Neratinib HER2 Mutation Basket Study (SUMMIT Trial)

On July 17, 2018 Puma Biotechnology, Inc. (NASDAQ: PBYI), a biopharmaceutical company, and Strata Oncology, Inc., a precision oncology company, have entered into a collaborative agreement to accelerate patient enrollment in Puma’s ongoing Phase II SUMMIT trial of PB272 (neratinib) (Press release, Puma Biotechnology, JUL 17, 2018, View Source [SID1234527744]). The SUMMIT trial is a global, multi-histology, open-label, precision-medicine ‘basket’ study evaluating the safety and efficacy of neratinib in patients with a wide variety of solid tumors with activating EGFR, HER2 or HER4 mutations.

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Neratinib, an oral irreversible pan-HER kinase inhibitor, was approved by the FDA in July 2017 for the extended adjuvant treatment of adult patients with early stage HER2-positive breast cancer following adjuvant trastuzumab-based therapy and is marketed in the United States as NERLYNX. Data published in the journal Nature earlier this year showed neratinib has activity across multiple tumor types with HER2-activating mutations.

Under the terms of the agreement, Strata will exclusively refer HER2-mutated advanced cancer patients identified through the Strata Trial for consideration of enrollment to Puma’s SUMMIT Trial for neratinib.

The Strata Trial is a screening protocol providing comprehensive tumor molecular profiling to advanced cancer patients at no cost and proactive enrollment support for a portfolio of pharma-sponsored precision therapy trials. Tumor profiling through the Strata Trial is provided as part of routine care to solid tumor patients across the Strata Precision Oncology Network, a network of 11 leading health systems representing more than 85,000 new cancer patients annually. This large network of trial-ready health systems with fully pre-screened advanced cancer populations enables rapid and predictable enrollment of precision therapy trials.

"We are pleased to partner with Puma Biotechnology to accelerate the path to new approvals for neratinib," said Dan Rhodes, Ph.D., CEO of Strata Oncology. "We frequently identify HER2-mutant patients across the Strata Precision Oncology Network and we believe this partnership will greatly facilitate patient access to this promising clinical trial."

"Puma’s ultimate goal is to deliver new treatment options and improve the lives of patients with various types of cancer," said Alshad S. Lalani, V.P., Translational Medicine of Puma Biotechnology. "We believe Puma’s partnership with Strata will help us reach patients with multiple tumor types who may not otherwise know about the SUMMIT study, giving them a chance to participate in research that’s designed to provide important new information for future treatment."

Nicox Second Quarter 2018 Business Update and Financial Highlights

On July 17, 2018 Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, reported that operational highlights and upcoming milestones, as well as revenues and cash position for Nicox and its subsidiaries (the "Nicox Group") as of June 30, 2018 (Press release, NicOx, JUL 17, 2018, View Source [SID1234527743]).

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Michele Garufi, Chairman and Chief Executive Officer of Nicox, stated, "VYZULTA sales by our global partner Bausch + Lomb grew substantially in the second quarter, reflected by an increase of over 180% in net royalty received by Nicox compared to the first quarter of 2018. Looking ahead to the remainder of 2018, we expect to add a second revenue stream for the future through the planned launch in the fall of ZERVIATE in the United States by our U.S. partner Eyevance, and advancing towards the initiation of Phase 2 clinical studies for NCX 470 and NCX 4251."

Key Upcoming Milestones
Q3 2018: Planned start of Phase 2 clinical study for NCX 470 for the reduction of intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.
Fall 2018: Expected commercial launch of ZERVIATETM (cetirizine ophthalmic solution), 0.24% in the United States by partner Eyevance Pharmaceuticals, LLC.

Q1 2019: Planned U.S. Investigational New Drug (IND) submission to the U.S. FDA for NCX 4251 to enable a Phase 2 clinical study in patients with acute exacerbations of blepharitis, following the successful, latest pre-IND meeting with the U.S. FDA in June 2018 (discussed below).

Second Quarter 2018 and Recent Operational Highlights
Research Collaboration with Ironwood Pharmaceuticals, Inc. In June 2018, we announced that we have entered into a research collaboration with Ironwood, focused on combining Ironwood’s expertise in soluble guanylate cyclase (sGC) and our proprietary nitric oxide (NO)-donating research platform to generate novel compounds in order to identify potential new therapeutics for the treatment of certain ophthalmic conditions.
Further pre-IND meeting held for NCX 4251. In June 2018, an additional pre-IND meeting was held with the U.S. FDA, which addressed specific questions on development, including the potential primary endpoints for the Phase 2 clinical study. Based on the FDA comments from this and previous meetings, we are finalizing the design of the first in human Phase 2 clinical trial evaluating the safety and efficacy of NCX 4251 versus a vehicle comparator in subjects with acute exacerbations of blepharitis. We plan to submit an IND in Q1 2019 to enable this Phase 2 clinical study.
Presentation of scientific data at the Association for Research in Vision and Ophthalmology (ARVO) 2018 Annual Meeting. In May 2018, we presented preclinical data on NCX 667, a lead molecule among our future generation stand-alone NO-donors, demonstrating the lowering of IOP in a robust, dose-dependent manner in various normotensive and hypertensive ocular models.

Opening of new U.S. development office in Research Triangle Park, North Carolina. In April 2018, we announced our decision to relocate from our prior development office in Fort Worth, Texas, and to expand our presence in the United States to focus on the planned advancement of NCX 470 and NCX 4251 into Phase 2 clinical studies.
Second Quarter 2018 Financial Highlights

As of June 30, 2018, the Nicox Group had cash and cash equivalents of €32.6 million as compared with €36.3 million at March 31, 2018 and €41.4 million at December 31, 2017. Net revenue1 for the second quarter of 2018 was €0.226 million, comprised exclusively of royalties on Q2 2018 sales of VYZULTATM by global partner Bausch + Lomb, after deduction of royalty payments due by Nicox. The Group recorded no revenues for the second quarter of 2017.

Only the figure related to the cash position of the Group as of December 31, 2017 is audited; all other figures of this press release are non-audited.
References
1. Net revenue consists of revenue from collaborations less royalty payments which corresponds to Net profit in the consolidated statements of profit or loss

Exelixis to Release Second Quarter 2018 Financial Results on Wednesday, August 1, 2018

On July 17, 2018 Exelixis, Inc. (Nasdaq: EXEL) reported that its second quarter 2018 financial results will be released on Wednesday, August 1, 2018 after the markets close (Press release, Exelixis, JUL 17, 2018, View Source;p=RssLanding&cat=news&id=2358696 [SID1234527742]). At 5:00 p.m. EDT / 2:00 p.m. PDT, Exelixis management will host a conference call and webcast to discuss the results and provide a general business update. Access to the event is available via the Internet from the company’s website.

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To access the webcast link, log onto www.exelixis.com and proceed to the News & Events / Event Calendar page under the Investors & Media heading. Please connect to the company’s website at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to listen to the webcast. Alternatively, please call 855-793-2457 (domestic) or 631-485-4921 (international) and provide the conference call passcode 5668207 to join by phone.

A telephone replay will be available until 8:30 p.m. EDT on August 3, 2018. Access numbers for the telephone replay are: 855-859-2056 (domestic) and 404-537-3406 (international); the passcode is 5668207. A webcast replay will also be archived on www.exelixis.com for one year.