PreciseDx Secures $20.7 Million Series B to Advance AI-Powered Cancer Risk Assessments

On August 21, 2024 PreciseDx, a leading innovator in oncology diagnostics leveraging Artificial Intelligence (AI) for new, morphology-driven disease analysis, reported that it has raised $20.7 million in Series B funding, bringing its total funding to date to $31.5 million (Press release, PreciseDx, AUG 21, 2024, View Source [SID1234646043]). The round was led by Eventide Asset Management ("Eventide"), which invests in biotech and life science healthcare companies seeking solutions for unmet clinical needs.

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Additional participants in the round include Labcorp, Quest Diagnostics, and GenHenn Capital Venture, along with existing investors.

"Our team continues to advance breast cancer diagnostics by delivering faster, more accurate data, in a cost-efficient method. This allows clinical care teams to make better informed clinical decisions resulting in improved patient outcomes," said Eric Converse, Founding Board Member of PreciseDx. "This capital infusion sets the stage for our next phase of continued in-depth clinical trials to validate PreciseBreast in a specific clinical setting and market entry point."

"We’re excited about PreciseDx, the milestones accomplished to date, and the potential for improving patient care in the near future," said Westley Dupray, CFA, Research Analyst, Principal at Eventide. "We expect this financing will help accelerate the validation process for PreciseBreast and its potential to improve patient risk assessments, clinical outcomes, and healthcare efficiency."

The funding comes on the heels of a number of key achievements by PreciseDx, including completion of two successful validation studies (analytical and clinical); receipt of CLIA Standard approval and CLEP NYSDOH review on the PreciseBreast assessment; a Cost Impact Study published by the Journal of Medical Economics; and the addition of new key collaborations, such as UCLA, COTA and Baptist Health South Florida, and Baylor Scott & White Health.

"Securing Series B funding not only signals PreciseDx’s continued achievements, but also underscores the trust and confidence in the Company’s trajectory," added Converse.

Aquilo Partners, L.P. acted as financial advisor and McDermott Will & Emery as legal advisor to PreciseDx.

PhotonPharma Secures $2.5 Million in Seed Funding to Advance Clinical Trial for Ovarian Cancer Treatment

On August 21, 2024 PhotonPharma, a cutting-edge biopharmaceutical company based in Fort Collins, Colorado, is pleased to announce the successful closing of a $2.5 million seed financing round (Press release, PhotonPharma, AUG 21, 2024, View Source [SID1234646042]). This vital funding will support the Phase I clinical trial of Innocell, an innovative therapy for the treatment of advanced ovarian cancer. According to the National Cancer Institute (View Source) ovarian cancer will impact 19,680 women in the US with 12,740 deaths in 2024 alone. The average five-year relative survival rate is 50.4% (2014-2020).

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In February 2024, PhotonPharma received FDA clearance to initiate clinical development of Innocell. The Phase I trial, expected to enroll its first patient in Q4 2024, will be a crucial step in evaluating the safety and efficacy of this promising new treatment.

"This funding is a significant milestone for PhotonPharma and marks a pivotal moment in our mission to advance breakthrough therapies for cancer therapies," said Dr. Terry Opgenorth, Chairman of the Board of Directors of PhotonPharma. "We are excited to move forward with our clinical trials and are grateful for the support of our investors, whose confidence will help drive the development of our technology platform forward."

PhotonPharma’s presentation at the upcoming Rocky Mountain Life Sciences Investor and Partnering Conference will provide a comprehensive overview of the company’s progress and development plans. The conference will be an opportunity for investors and partners to learn more about PhotonPharma’s advancements and the potential impact of Innocell on the treatment of ovarian cancer.

Founded in 2018, PhotonPharma is dedicated to pioneering novel drug delivery systems and targeted treatments aimed at improving cancer care. The company’s innovative approach and commitment to scientific excellence position it at the forefront of cancer therapeutics.

"We invite investors and industry partners to attend our presentation at the Rocky Mountain Life Sciences Investor and Partnering Conference in September," added Dr. Alan Rudolph, CEO of PhotonPharma. "It’s an excellent opportunity to learn about the development of our cutting-edge technology and the development plans for the company and its technology platform."

Everest Medicines Announces the Initiation of an Investigator-Initiated Clinical Trial (IIT) for Personalized mRNA Cancer Vaccine Program EVM16

On August 21, 2024 Everest Medicines (HKEX 1952.HK, "Everest", or the "Company"), a biopharmaceutical company focused on the discovery, clinical development, manufacturing and commercialization of innovative therapeutics, reported the launch of an Investigator-Initiated Clinical Trial (IIT) for a personalized mRNA cancer vaccine, EVM16, under the study EVM16CX01, at the Peking University Cancer Hospital and Fudan University’s Cancer Hospital (Press release, Everest Medicines, AUG 21, 2024, View Source [SID1234646041]). This trial is designed to assess the safety, tolerability, immunogenicity, and preliminary efficacy of EVM16 injection as a monotherapy and in combination with PD-1 antibody for patients with advanced or recurrent solid tumors. EVM16CX01 is the first-in-human (FIH) trial for EVM16.

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EVM16 is a novel personalized therapeutic mRNA cancer vaccine independently developed by Everest. EVM16 contains neoantigens with high immunogenicity potential that are predicted based on the unique tumor mutations of each patient by Everest’s proprietary neoantigen prediction algorithm. The vaccine uses a lipid nanoparticle (LNP) delivery system to efficiently deliver neoantigen-encoded mRNA in vivo, activating neoantigen-specific tumor-killing T cells and inhibiting tumor growth.

"EVM16 is the first personalized mRNA cancer vaccine independently developed by Everest using our proprietary mRNA platform. The initiation of this clinical trial is an important milestone that demonstrates our commitment to discover and develop a new generation of mRNA immunotherapies for cancer and autoimmune diseases." said Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines."While establishing leadership positions in nephrology, infectious disease, and autoimmune diseases, Everest will also focus on innovative modalities such as therapeutic mRNA vaccines. We look forward to seeing personalized cancer vaccines become a new clinical treatment method to serve more patients."

According to the Globocan’s data in 2022, there were 19.976 million new cancer cases globally, with 9.744 million cancer-related deaths[1]. In the last few decades, Immunotherapy including checkpoint inhibitors has become an important part of treating some cancer types. However, they are only effective for some patients, and there is an urgent need to develop new generations of immunotherapies, such as personalized mRNA cancer vaccines, that have demonstrated early promise in clinical development.

In preclinical studies, vaccination with EVM16 stimulated a strong neoantigen-specific T cell response in different mouse models and showed significant tumor growth inhibition in the syngeneic B16F10 mouse melanoma model. Preclinical data also demonstrated that the combination of EVM16 and a PD-1 antibody has synergistic effect, which supports the clinical application of the combination of EVM16 with checkpoint inhibitors. In preclinical toxicity studies, repeated dosing with EVM16 was well tolerated and safe. Taken together, the preclinical immunogenicity, efficacy and safety studies demonstrate that EVM16 is safe and has potential to bring benefits to cancer patients.

Everest has built end-to-end capabilities across its proprietary mRNA platform. Our R&D team is developing multiple mRNA-based therapeutic products, as well as next generation lipid nanoparticle (LNP) delivery systems to enhance cell-mediated immune response. Our mRNA manufacturing facility in Jiashan, Zhejiang Province in China is designed to comply with global cGMP standards and is able to produce at clinical- and commercial-scale. Everest owns full global intellectual property rights to its mRNA therapeutic programs.

About EVM16

EVM16 is a novel personalized mRNA cancer vaccine independently developed by Everest Medicines Limited.. EVM16 contains neoantigens with high immunogenicity potential which are predicted by Everest-proprietary algorithm and uses an LNP delivery system to efficiently deliver mRNAs that express tumor neoantigens into the human body. After vaccination with EVM16, neoantigens-encoding mRNAs are delivered into cells to produce neoantigen peptides, which activate neoantigen-specific T cell immune responses to kill tumor cells, thereby inhibiting tumor growth

About EVM16CX01 study

The study is a FIH, dose escalation and expansion study to evaluate the safety, tolerability, immunogenicity, and initial efficacy of EVM16 injection as a single and in combination with PD-1 antibody in subjects with advanced or recurrent solid tumors.,. The primary objectives are to evaluate the safety and tolerability of EVM16 monotherapy and EVM16 in combination withPD-1 antibody in subjects with advanced or recurrent solid tumors, and to determine the recommended phase 2 dose (RP2D) of EVM16. The secondary objectives are to evaluate the immunogenicity of EVM16, and the initial efficacy of EVM16 in combination with PD-1 antibody in subjects with advanced or recurrent solid tumors.

Replicate Bioscience to Participate in Upcoming Investor and Scientific Conferences

On August 21, 2024 Replicate Bioscience, a clinical-stage company pioneering novel self-replicating RNA (srRNA) technology for applications across infectious disease, immunology, immuno-oncology and beyond, reported that it will be participating in the following upcoming investor conferences (Press release, Replicate Bioscience, AUG 21, 2024, View Source [SID1234646040]):

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Morgan Stanley 22nd Annual Global Healthcare Conference in New York, N.Y.
Dates: September 4-6, 2024
Fireside chat to be held Friday, September 6 at 10:45 a.m. EDT
Replicate participants: Nathaniel Wang, Ph.D., CEO; Rachael Lester, CBO

Cantor Global Healthcare Conference in New York, N.Y.
Dates: September 17-19, 2024
Replicate participants: Nathaniel Wang, Ph.D., CEO; Rachael Lester, CBO
Replicate leadership will also present at the following upcoming scientific meetings:

RNA Leaders USA Congress in San Diego, Calif.
Keynote panel title: Scaling RNA Therapies to Deliver on the Promise of Precision Medicine
Presenter: Nathaniel Wang, Ph.D., CEO
Date and time: Wednesday, September 4, 2024 at 9:55 a.m. PDT

Presentation title: Next-Generation Self-Replicating RNA Drives Major Improvements to Clinical Bioactivity while Retaining a Strong Safety Profile
Presenter: Nathaniel Wang, Ph.D., CEO
Date and time: Wednesday, September 4, 2024 at 4:25 p.m. PDT

3rd Non-Viral RNA Delivery Systems Summit in Boston, Mass.
Presentation title: LNP & Polymer Delivery of Self-Replicating RNA: Unlocking the Potential of Low Dose RNA Vaccines & Gene Therapy
Presenter: Andy Geall, Ph.D., CDO
Date and time: Thursday, October 3, 2024 at 9:30 a.m. EDT

GRAIL to Present at the Morgan Stanley 22nd Annual Global Healthcare Conference

On August 21, 2024 GRAIL, Inc. (Nasdaq: GRAL), a healthcare company whose mission is to detect cancer early when it can be cured, reported that company management will present at the Morgan Stanley 22nd Annual Global Healthcare Conference at 3:20 p.m. ET on Sept. 4, 2024 (Press release, Grail, AUG 21, 2024, View Source [SID1234646039]).

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Live and replay webcasts may be accessed in the investor relations section of GRAIL’s website at investors.grail.com. The webcast will be archived and available for reply for at least 30 days after the event.