Lantern Pharma Announces Successful Outcome of FDA Type C Meeting Request for HARMONIC™ Phase 2 Trial of LP-300 in Never-Smokers with NSCLC

On May 19, 2026 Lantern Pharma Inc. (NASDAQ: LTRN), a clinical-stage, AI-driven precision oncology company, reported that it has received a successful response to its recent Type C meeting request from the U.S. Food and Drug Administration (FDA), focused on the ongoing Phase 2 HARMONIC trial of LP-300 in never-smokers with advanced non-small cell lung cancer (NSCLC) adenocarcinoma. In its written responses to Lantern’s Type C meeting request, the FDA raised no objections to key proposed protocol amendments, providing a more focused, clearer regulatory path forward for the HARMONIC trial and for the future development of LP-300 in this distinct, high-need patient population.

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The HARMONIC trial is designed to evaluate LP-300, a small molecule given in combination with carboplatin and pemetrexed, in never-smokers with advanced NSCLC adenocarcinoma who have experienced disease progression following treatment with kinase inhibitors. Never-smoker NSCLC is increasingly recognized as a distinct disease entity with unique clinical and genomic features. Globally, approximately 400,000 to 500,000 patients are diagnosed with never-smoker NSCLC each year — a patient population that, if classified separately, would rank among the most common cancers worldwide. Despite this scale, no therapies have been specifically developed or labeled for the never-smoker NSCLC patient population, and the EGFR exon 21 L858R subset in particular continues to experience inferior outcomes when treated with currently available standards of care.

"In our view, this successful Type C interaction with the FDA is a meaningful de-risking milestone for the LP-300 program and for the HARMONIC trial. The FDA’s response to our proposed amendments supports our strategy to focus HARMONIC on the EGFR exon 21 L858R-mutant never-smoker population, where emerging data suggest LP-300 may offer meaningful differentiated benefit when added to standard chemotherapy following TKI failure."

— Panna Sharma, President and Chief Executive Officer, Lantern Pharma Inc.

Focused Enrollment in EGFR Exon 21 L858R Never-Smokers

Under the amended protocol supported by the FDA’s Type C responses, Lantern plans to focus all future HARMONIC enrollment on patients harboring the EGFR exon 21 L858R mutation, a subtype of EGFR kinase domain mutations associated with lower TKI binding affinity and inferior outcomes on osimertinib-based therapy relative to patients with exon 19 deletions. Preliminary analyses from the ongoing HARMONIC trial suggest that patients with EGFR exon 21 L858R-mutant disease may derive greater clinical benefit from the LP-300 triplet regimen than other EGFR-mutant subgroups, providing a biologically and clinically compelling rationale to enrich the study for this population. Based on currently available data, preliminary multivariable Cox regression analyses incorporating race, gender, and TP53 mutation status have confirmed L858R as an independent predictor of progression-free survival benefit in the trial, suggesting the signal is not driven by demographic confounders.

"The preliminary signal in the EGFR exon 21 L858R cohort — including a median progression-free survival of 8.3 months and durable responses extending beyond two years in select patients — gives us confidence that an enriched, single-arm design is the right next step. Aligning the trial with that signal, and receiving no objection from the FDA to key aspects of our approach via a successful Type C interaction, positions us to generate a more focused, decision-enabling data-set for patients, regulators, and potential partners."

— Panna Sharma, President and Chief Executive Officer, Lantern Pharma Inc.

Extended LP-300 Dosing Based on Safety and Emerging Outcomes

In addition to refining the molecularly defined patient population, the Type C feedback supports Lantern’s proposal to increase the maximum number of LP-300 treatment cycles in HARMONIC from six to eight. This change is supported by historical safety data from prior clinical experience with LP-300 indicating that up to eight cycles at the current dose level did not alter the established safety profile of the drug, as well as by emerging HARMONIC data suggesting improved outcomes with longer LP-300 treatment duration.

By extending LP-300 dosing, Lantern aims to maximize the depth and durability of response without adding clinically meaningful toxicity beyond that expected with carboplatin and pemetrexed alone. In earlier studies, LP-300 has been administered in multiple clinical trials to more than 1,000 individuals and has generally been well tolerated, providing a substantial safety foundation for this dosing adjustment.

Transition to a Single-Arm, Enriched Study Design

As part of the protocol amendments proposed in the Type C meeting interaction, Lantern will discontinue enrollment into the control arm of the HARMONIC trial and migrate the study into a single-arm design that only enrolls additional patients with the EGFR exon 21 L858R mutation. This evolution reflects the rapidly changing treatment landscape in TKI-refractory NSCLC, where increasing availability of subsequent-line therapies and patient preferences have made continued randomization to a traditional chemo-doublet control arm operationally challenging in never-smokers.

The enriched, single-arm design is intended to accelerate enrollment, sharpen the clinical signal within a genomically defined subgroup, and enable more efficient comparisons to historical and real-world benchmarks in EGFR exon 21 L858R-mutant never-smoker NSCLC. Lantern anticipates that the amended design, coupled with continued integration of AI-driven insights from its RADR platform, will support more informed discussions with regulators and prospective collaborators regarding potential registration-oriented strategies for LP-300.

Differentiated Safety Profile vs. Currently Approved Post-TKI Combinations

A central commercial rationale for the focused HARMONIC design is the differentiated safety profile of LP-300 plus chemotherapy relative to currently approved post-TKI regimens. In the recently published Phase 3 MARIPOSA-2 trial, amivantamab plus chemotherapy — now FDA-approved for EGFR-mutant NSCLC following progression on osimertinib — was associated with substantial rates of treatment-related serious adverse events, infusion reactions, and dermatologic toxicities that complicate real-world administration. Preliminary HARMONIC data (Data Cutoff: April 13, 2026; n=31 receiving LP-300 + chemotherapy) suggest a materially more manageable safety profile when LP-300 is added to a carboplatin/pemetrexed backbone:

The table below summarizes observations regarding Treatment-Related Adverse Events (TRAE) and Treatment-Emergent Adverse Events (TEAE). A Treatment-Emergent Adverse Event in clinical trials is an unfavorable medical occurrence that starts or worsens in intensity or frequency after the first dose of study treatment.

Adverse Event (any grade unless noted)

LP-300 + Chemo (N=31)

Amivantamab + Chemo (N=130)¹

Treatment-related serious adverse event

3%

23%

TEAE leading to dose delay (any study drug)

19%

65%

TEAE leading to drug discontinuation

6%

18%

Infusion-related reaction (TRAE)

7%

58%

Rash (TRAE)

7%

43%

Paronychia (TRAE)

0%

36%

Stomatitis (TRAE)

0%

31%

¹ Cross-trial comparison; not a head-to-head study. Amivantamab + chemotherapy data from Passaro A, et al. Annals of Oncology 2024;35(1):77-90 (MARIPOSA-2). LP-300 + chemotherapy data are preliminary, HARMONIC trial Data Cutoff: April 13, 2026.

The cleaner tolerability profile is particularly relevant in the post-TKI L858R setting, where patients have already been heavily pretreated and where treatment-emergent toxicities can drive dose interruptions, premature discontinuation, and erosion of efficacy in clinical practice. Lantern believes this safety differentiation, together with the emerging efficacy signal in the L858R subgroup, positions LP-300 as a potential future best-in-tolerability option in a treatment setting that currently demands meaningful infrastructure and supportive-care resources.

Ongoing Trial Progress and Emerging Clinical Data

The HARMONIC trial is currently enrolling patients at clinical sites in the United States and Taiwan, following the completion of targeted enrollment in Japan in July 2025 across five clinical centers, including the National Cancer Center Tokyo. Taiwan represents a particularly important region for HARMONIC, as more than half of lung cancer cases there occur in never-smokers, underscoring the global relevance of LP-300 for this patient population.

The trial has already generated encouraging early clinical data: in its initial safety lead-in cohort in the United States, LP-300 in combination with carboplatin and pemetrexed demonstrated an 86% clinical benefit rate and a 43% objective response rate among the first seven patients enrolled, including one patient who achieved a durable complete response in target lesions that has now been sustained for more than two years. Additional emerging data presented in April 2026 showed a median progression-free survival of 8.3 months in EGFR exon 21 L858R-mutant patients treated with the LP-300 triplet after TKI failure, with no new safety signals and no clinically meaningful toxicity added beyond that of carboplatin and pemetrexed alone.

KOL Webinar: Never-Smoker Lung Cancer – May 21, 2026

Rodman & Renshaw is hosting a fireside chat with Joseph Treat, M.D., on Thursday, May 21, 2026, from 3:00 to 4:00 PM ET, moderated by Michael G. King, Jr., Senior Biotechnology Analyst at Rodman & Renshaw. Dr. Treat is Professor Emeritus in the Division of Medical Oncology at Fox Chase Cancer Center and has focused his clinical research exclusively on lung cancer since 1991, when he founded the first medical oncology thoracic program at the University of Pennsylvania Cancer Center. His prior work as a Senior Fellow at Eli Lilly on a Phase III anti-VEGF trial in EGFR-mutated lung cancer led to regulatory approvals by the FDA, EMA, and Japanese authorities, and his current research focuses on lung cancer in individuals who have never smoked. The discussion will address the evolving treatment landscape in lung cancer, the unmet need in never-smoker populations, and what durable disease control could mean for real-world patient outcomes.

To register, please click here.

Lantern is actively exploring collaboration and partnering opportunities, both globally and regionally, to maximize the commercial potential of LP-300 across multiple geographies where never-smoker NSCLC is an increasingly recognized clinical challenge. The Company expects to provide additional clinical data updates from the HARMONIC trial, including outcomes in the enriched EGFR exon 21 L858R cohort under the amended protocol, in the second half of 2026.

About LP-300 and the HARMONIC Trial

LP-300 is an investigational small molecule being evaluated in Lantern Pharma’s Phase 2 HARMONIC trial in combination with carboplatin and pemetrexed in never-smokers with advanced NSCLC adenocarcinoma who have progressed following treatment with EGFR tyrosine kinase inhibitors. Following a successful Type C meeting request outcome, HARMONIC is transitioning to a single-arm design that will enrich enrollment for patients with EGFR exon 21 L858R mutations and extend LP-300 dosing to a maximum of eight cycles. The trial is enrolling patients at clinical sites in the United States and Taiwan, with completed targeted enrollment in Japan. The HARMONIC trial is registered on ClinicalTrials.gov under identifier NCT05456256. LP-300 has not received FDA marketing approval for any indication.

(Press release, Lantern Pharma, MAY 19, 2026, View Source [SID1234665869])

Exelixis Announces Clinical Development Collaboration with Merck for Phase 3 STELLAR-316 Pivotal Trial for Patients with Colorectal Cancer

On May 19, 2026 Exelixis, Inc. (Nasdaq: EXEL) reported that the company has entered into a clinical development collaboration with Merck, known as MSD outside of the United States and Canada, to supply KEYTRUDA QLEX (pembrolizumab and berahyaluronidase alfa-pmph) injection for subcutaneous administration in combination with zanzalintinib in STELLAR-316, a planned phase 3 pivotal trial in patients with resected stage II/III colorectal cancer (CRC). Under the terms of the clinical development collaboration with Merck, Exelixis is sponsoring the STELLAR-316 pivotal trial, and Merck will supply KEYTRUDA QLEX.

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"This collaboration with Merck for the STELLAR-316 trial reflects the continued progress of the zanzalintinib clinical development program and is an important step forward in our efforts to advance a potentially new treatment option that may help prevent or delay metastatic progression for patients with resected colorectal cancer," said Dana T. Aftab, Ph.D., Executive Vice President, Research and Development, Exelixis. "We look forward to initiating the clinical trial to evaluate this novel combination, with the goal of enhancing treatment strategies and meaningfully improving clinical outcomes for patients with this form of cancer who face a high risk of recurrence."

STELLAR-316 is a planned phase 3 pivotal trial that will evaluate zanzalintinib with and without KEYTRUDA QLEX in patients with resected stage II/III CRC who, following definitive therapy, have tested positive for molecular residual disease (MRD+) and have no radiographic evidence of disease. The primary endpoint of the trial will be disease-free survival, with key secondary endpoints including circulating tumor DNA clearance. In January 2026, Exelixis announced a collaboration with Natera, a global leader in cell-free DNA and precision medicine, for STELLAR-316. Natera will provide its Signatera assay to identify MRD+ patients for trial enrollment. Exelixis expects to initiate STELLAR-316 in mid-2026.

About CRC

CRC is the third most common cancer and a leading cause of cancer-related deaths in the U.S.1 Approximately 159,000 new cases will be diagnosed in the U.S. in 2026, with around 55,000 expected deaths from the disease.1 CRC is most frequently diagnosed among people aged 65-74 and is more common in men and in people of non-Hispanic American Indian/Alaska Native descent.2 Nearly a quarter of CRC cases are diagnosed at the metastatic stage, at which point the five-year survival rate is around just 15%.1,2 The liver is the most common site for CRC metastasis. Liver metastases significantly impact survival, with a median five-year survival rate of less than 14% when treated with palliative chemotherapy.3

About Zanzalintinib

Zanzalintinib is a novel oral kinase inhibitor that inhibits the activity of the TAM kinases (TYRO3, AXL, MER), MET and VEGF receptors. These kinases play important roles in oncogenic processes, including tumor cell proliferation, metastasis, angiogenesis, drug resistance and evasion of antitumor immunity. The zanzalintinib development program includes a series of ongoing and planned pivotal trials to explore its therapeutic potential in CRC, clear cell and non-clear cell renal cell carcinoma, and neuroendocrine tumors, as well as earlier-stage trials in meningioma, lung cancer and castration-resistant prostate cancer.

In February 2026, Exelixis announced that the U.S. Food and Drug Administration (FDA) accepted the company’s New Drug Application for zanzalintinib, in combination with atezolizumab (Tecentriq), for the treatment of adult patients with metastatic CRC who have been previously treated with fluoropyrimidine-, oxaliplatin- and irinotecan-based chemotherapy, and, if RAS wild-type, an anti-epidermal growth factor receptor (EGFR) therapy. The FDA assigned a Prescription Drug User Fee Act target action date of December 3, 2026.

Zanzalintinib is an investigational agent that is not approved for any use and is the subject of ongoing clinical trials.

(Press release, Exelixis, MAY 19, 2026, https://ir.exelixis.com/news-releases/news-release-details/exelixis-announces-clinical-development-collaboration-merck [SID1234665868])

Veracyte to Participate in Upcoming Investor Conferences

On May 19, 2026 Veracyte, Inc. (Nasdaq: VCYT) reported that the company will be participating in the following investor conferences.

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William Blair 46th Annual Growth Stock Conference – Chicago, IL
Presentation on Tuesday, June 2nd at 2:00 p.m. Central Time
2026 Jefferies Global Healthcare Conference – New York, NY
Fireside chat on Thursday, June 4th at 8:10 a.m. Eastern Time

Live audio webcasts of the company’s presentations will be available by visiting Veracyte’s website at View Source Replays of the webcasts will be available for 90 days after each live presentation broadcast.

(Press release, Veracyte, MAY 19, 2026, View Source [SID1234665866])

Propanc Biopharma Engages European CDMO for GMP Production of PRP for Phase 1b, FIH Study in 30 – 40 Advanced Cancer Patients

On May 19, 2026 Propanc Biopharma, Inc. (Nasdaq: PPCB) ("Propanc" or the "Company"), a biopharmaceutical company focused on developing novel treatments for chronic diseases, including recurrent and metastatic cancer, reported that a Contract and Development Manufacturing Organization (CDMO) has been engaged for the GMP manufacture of the Company’s lead asset, PRP, for the upcoming Phase 1b, First-In-Human (FIH) study in 30 – 40 advanced cancer patients suffering from solid tumors. Based in Europe, the CDMO provides end-to-end services for preclinical and clinical projects, with extensive experience in decoding biologics production (plasmid DNA and recombinant proteins) providing services of cell line generation, banking and characterization, analytical development, process development and batches production of both drug substances and drug products (decoding biologics production refers to the specialized process of understanding, optimizing, and controlling the manufacturing of complex medicines derived from living cells, such as proteins, vaccines, and monoclonal antibodies).

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"After a thorough process, management are pleased to undertake this pivotal step for GMP production of PRP for the upcoming Phase 1 FIH clinical study which we plan to file the clinical trial application for later this year. Further, I am confident we have selected the right partner to execute our plan to enter early-stage clinical development, at the earliest opportunity," said Mr. James Nathanielsz, Propanc’s Chief Executive Officer. "PRP is a world first clinical study of proenzyme therapy by once weekly intravenous (IV) administration for the treatment of advanced cancer patients suffering from solid tumors. Management believes PRP is a first in class therapy which has the potential to enhance survival prospects for late-stage patients like recent clinical advancements observed with other candidates in the sector, such as KRAS inhibitors. Results from this upcoming trial can potentially be transformative for the Company, and its shareholders."

Unlike most treatment approaches which kills cancer cells directly, PRP induces differentiation so that cells return towards a normal state and die off naturally. Compassionate use data from a study published in Scientific Reports, an online Nature journal, demonstrates a significant life extension of 19 from 46 terminal patients suffering from a range of solid tumors via a fixed combination of trypsinogen and chymotrypsinogen in a suppository formulation, administered once daily, without severe, or even serious side effects observed from treatment. The planned Phase 1b study for PRP administered once weekly intravenously will be at significantly higher doses based on non-clinical safety and tolerability studies, which translates to a safe starting dose in humans. PRP achieved Orphan Drug Designation status from the US Food and Drug Administration (USFDA) for the treatment of pancreatic cancer in 2017.

(Press release, Propanc, MAY 19, 2026, View Source [SID1234665865])

Olema Oncology to Participate in Upcoming Investor Conferences

On May 19, 2026 Olema Pharmaceuticals, Inc. ("Olema" or "Olema Oncology", Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies for breast cancer and beyond, reported that the Company will participate in the following upcoming investor conferences:

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Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

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TD Cowen 7th Annual Oncology Innovation Summit
Date and Time: May 26, 2026 at 12:30 p.m. ET
Format: Fireside Chat
Location: Virtual

Jefferies Global Healthcare Conference
Date and Time: June 3, 2026 at 8:45 a.m. ET
Format: Fireside Chat
Location: New York, NY

Goldman Sachs 47th Annual Global Healthcare Conference
Date and Time: June 9, 2026 at 3:20 p.m. ET
Format: Fireside Chat
Location: Miami, FL

Live webcasts and recordings of these presentations will be available, as permitted by the event host, in the Events and Presentations section of Olema’s investor relations website at ir.olema.com.

(Press release, Olema Oncology, MAY 19, 2026, View Source [SID1234665864])