Transactions in connection with share buy-back program

On May 31, 2021 Genmab A/S (Nasdaq: GMAB) reported the initiation of a share buy-back program to mitigate dilution from warrant exercises and to honor our commitments under our Restricted Stock Units program (Press release, Genmab, MAY 31, 2021, View Source [SID1234583294]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The share buy-back program is expected to be completed no later than June 30, 2021 and comprises up to 200,000 shares.

The following transactions were executed under the program from May 24, 2021 to May 28, 2021:

Details of each transaction are included as an appendix to this announcement.

Following these transactions, Genmab holds 254,206 shares as treasury shares, corresponding to 0.39% of the total share capital and voting rights.

The share buy-back program is undertaken in accordance with Regulation (EU) No. 596/2014 (‘MAR’) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the "Safe Harbour Regulation." Further details on the terms of the share buy-back program can be found in our company announcement no. 11 dated February 23, 2021.

Constellation Pharmaceuticals to Participate in Jefferies Virtual Healthcare Conference

On May 31, 2021 Constellation Pharmaceuticals, Inc. (Nasdaq: CNST), a clinical-stage biopharmaceutical company using its expertise in epigenetics to discover and develop novel therapeutics, reported that the Company will participate in an upcoming virtual investor conference (Press release, Constellation Pharmaceuticals, MAY 31, 2021, View Source [SID1234583293]). Jigar Raythatha, president and chief executive officer, will present at the Jefferies Virtual Healthcare Conference at 3:00 PM EDT on June 3 . Live audio webcast of Mr. Raythatha’s presentation and archives for replay will be available on the Investor Relations section of Constellation’s website at View Source The audio webcast replays will be available for 90 days following the live presentation.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!


Kuraray Publishes the Kuraray Report 2021

On May 31, 2021 Kuraray Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Hitoshi Kawahara; hereinafter "Kuraray") reported that it has published the Kuraray Report 2021, an integrated report (A4 size, 52 pages, full color) (Press release, Kuraray, MAY 31, 2021, View Source [SID1234583292]).
The aim of the Kuraray Report is to help shareholders, investors, and all other stakeholders better understand the value that the Kuraray Group creates over the medium to long term by providing a comprehensive overview of financial and non-financial information, including environmental, social and governance data.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!


Chugai Introduces First Cryo-electron Microscopy System in Pharmaceutical Industry in Japan

On May 31, 2021 Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) reported its introduction of the first cryo-electron microscopy (Cryo-EM) system in the Japanese pharmaceutical industry to further accelerate drug discovery research (Press release, Chugai, MAY 31, 2021, View Source [SID1234583291]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The cryo-EM, for which the Nobel Prize in Chemistry 2017 was awarded, has been drawing attentions as an innovative technology. The system was introduced for the structural analysis of drug candidate molecules bound to target proteins, which is an essential process in drug discovery research.

Chugai places great emphasis on Structure-Based Drug Design in its drug discovery research, and aims to create quality drug candidate compounds by pursuing precise structure design. X-ray crystallographic analysis, which we have primarily used to obtain molecular structure, requires crystallization of the intracellular protein which a drug candidate targets. The mid-size molecule drug which Chugai focuses on mainly targets such proteins that are difficult to crystallize, which has posed a challenge in the refinement of compound design.

As the cryo-EM does not require the crystallization process, it enables structure analysis of a wider range of molecules including intracellular proteins that are difficult to crystallize, as well as significantly improving research efficiency. We hope that it will enhance our Structure Based Drug Design capability and increase the success rate of compound development. This system we introduced is provided by Thermo Fisher Scientific, and installed at Kamakura research laboratories for the structural analysis of a variety of drug candidate compounds including mid-size molecule drugs.

"The introduction of cryo-EM is expected to greatly transform Chugai’s drug discovery process. It will further enhance the quality and speed of Structure Based Drug Design, and accelerate the discovery of mid-size molecule drugs which we aim to establish as the third modality," said Dr. Osamu Okuda, Chugai’s President and CEO. "Chugai’s drug discovery is supported by its unique scientific and technological capabilities. We will continue to rigorously adopt advanced technologies to realize innovations that contribute to resolve unmet medical needs."

About cryo electron microscopy (Cryo-EM)

Cryo-electron microscopy (Cryo-EM) is a powerful biophysical technique that allows researchers to visualize molecular assemblies at near-atomic resolution. With the rapid technological advancements, structural elucidation of biological molecules such as protein has been rapidly increased, in particular for intractable biological molecules by existing methods such as X-ray crystallography and NMR technique.

Cryo-EM has been recently applied in the pharmaceutical industry around the world due to its ability to accurately and rapidly visualize the intricate interactions between drug and receptor, enabling informed, accelerated drug discovery and structure based drug design.

Hummingbird Bioscience Announces Publication of Abstract on Anti-VISTA Antibody HMBD-002 at the American Society of Clinical Oncology (ASCO) 2021 Annual Meeting

On May 30, 2021 Hummingbird Bioscience, an innovative clinical-stage biotech company focused on developing precision therapies against hard-to-drug targets reported that its abstract reporting pre-clinical results from its V-domain immunoglobulin suppressor of T cell activation (VISTA) antibody, HMBD-002, has been selected for publication at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting, to be held June 4-8, 2021 (Press release, Hummingbird Bioscience, MAY 30, 2021, View Source [SID1234583287]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The abstract reports pre-clinical studies that demonstrate HMBD-002’s ability to induce an effective anti-tumor immune response, both as a monotherapy and in combination with the checkpoint inhibitor pembrolizumab in multiple syngeneic and humanized xenograft models.

HMBD-002 is the only IgG4 isotype anti-VISTA antibody currently in development for the treatment of cancers with VISTA-mediated immune suppression, including triple negative breast cancer and non-small cell lung cancer. The Phase 1 clinical trial for HMBD-002 is anticipated to commence later this year.

The full abstract is now available on ASCO (Free ASCO Whitepaper)’s Meeting Library: View Source

Details of the publication are as follows:

Abstract Title:

HMBD-002 is a novel, neutralizing, anti-VISTA antibody exhibiting strong preclinical efficacy and safety, being developed as a monotherapy and in combination with pembrolizumab

Abstract Number:

e14569

About HMBD-002

HMBD-002 is a unique anti-VISTA neutralizing antibody, and the only IgG4 isotype anti-VISTA antibody currently in development. It was engineered to bind to VISTA at a specific site that is predicted to be essential for ligand-binding and function, thus inhibiting VISTA and neutralizing its immunosuppressive activity without depleting VISTA expressing cells that play many important roles in the immune system.

Pre-clinical studies have shown that HMBD-002 as a monotherapy inhibits tumor growth and significantly prolongs survival, with no observed toxicity. It has also shown synergy when used in combination with anti-PD-1 therapy.

HMBD-002 is being developed for multiple cancers that have strong evidence of VISTA mediated suppression both as a monotherapy and in combination with PD-1 inhibitor.

Hummingbird’s first-in-class anti-VISTA therapeutic antibody is advancing to clinical trials with support from a US$13.1 million product development grant from the Cancer Prevention and Research Institute of Texas (CPRIT).