ESSA Pharma to Present at the Jefferies Virtual Healthcare Conference

On May 25, 2021 ESSA Pharma Inc. ("ESSA" or the "Company") (Nasdaq: EPIX), a clinical-stage pharmaceutical company focused on developing novel therapies for the treatment of prostate cancer, reported that Dr. David R. Parkinson, Chief Executive Officer of ESSA, will participate in a fireside chat at the upcoming Jefferies Virtual Healthcare Conference (Press release, ESSA, MAY 25, 2021, View Source [SID1234580582]). Dr. Parkinson, along with Peter Virsik, ESSA’s Chief Operating Officer, and David S. Wood, ESSA’s Chief Financial Officer, will be available for one-on-one meetings. The conference will take place from June 1 – June 4, 2021.

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A webcast of the fireside chat can be accessed on the Investors/Events & Presentations section of ESSA’s website at www.essapharma.com. Following the event, the webcast will be archived on the Company’s website for 90 days.

Tavanta Therapeutics Announces First Patient Dosed in Phase 3 Clinical Trial of TAVT-45 (abiraterone acetate) Granules for Oral Suspension, a Novel Formulation of Abiraterone Acetate, for the Treatment of Metastatic Prostate Cancer

On May 25, 2021 Tavanta Therapeutics, a specialty pharmaceutical company, reported that the first patient has been dosed in a recently initiated global Phase 3 clinical trial evaluating TAVT-45 (abiraterone acetate) Granules for oral suspension (TAVT-45 granules), a novel and proprietary formulation of abiraterone acetate. In agreement with the U.S. Food and Drug Administration (FDA), the safety and efficacy of TAVT-45 Granules is being studied in a single Phase 3 trial as a treatment for metastatic castrate sensitive prostate cancer (mCSPC) and metastatic castrate resistant prostate cancer (mCRPC) (Press release, Tavanta Therapeutics, MAY 25, 2021, View Source [SID1234580581]). TAVT-45 Granules was designed as an alternative for patients who have difficulty swallowing (dysphagia), which can be a side effect of some cancer treatments and occurs more frequently in elderly patients. TAVT-45 was also developed to address some of the limitations of current abiraterone treatment, including low bioavailability, high variability in systemic exposure, and large food effect.

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"We are excited to be the first clinical trial site to dose a patient in this trial" said Dr. Robert Given, a urological oncologist at Urology of Virginia and a study investigator. "The current standard of care treatment requires patients to ingest multiple large tablets, and under strict fasting conditions due to the risk of increased and highly variable abiraterone exposures with food. In contrast, TAVT-45 Granules has the potential to provide the more than 3.2 million prostate cancer patients in the United States,1 specifically those with dysphagia, with an alternative option that would reduce pill burden."

This single Phase 3 registrational trial (NCT04887506) is a global, randomized, multi-center, open-label trial designed to evaluate the pharmacodynamic effect and safety profile of TAVT-45 Granules compared to Zytiga tablets, in combination with prednisone, in patients with mCSPC and mCRPC. The primary objective of the trial is to establish therapeutic equivalence between TAVT-45 Granules and Zytiga tablets. The secondary objective is to characterize the multiple-dose pharmacokinetic profile of TAVT-45 Granules in a cohort of patients. Tavanta has met and aligned with the FDA regarding the design of the single trial required for registration. The trial, which aims to recruit a total of 108 patients, is expected to complete enrollment within the second quarter of 2022.

"As one of the most frequently diagnosed cancers in men in the United States,2 prostate cancer affects a large population of men with unmet medical needs, like dysphagia, and not all can be met with current treatment options," said Lynne Powell, chief executive officer of Tavanta Therapeutics. "Dosing the first patient in this pivotal TAVT-45 study reinforces Tavanta’s commitment to provide an alternative formulation of abiraterone acetate for prostate cancer patients. Importantly, this novel formulation may support improved bioavailability and reduced systemic variability using a lower dose of drug compared to the standard of care, which may ultimately help patients achieve better clinical outcomes."

Powell added, "Tavanta is advancing a diverse pipeline of specialty drugs designed to bring clinically meaningful benefits to patients with unmet medical needs. We are excited that TAVT-45, our most advanced product candidate, has reached this important clinical development milestone."

About TAVT-45 Granules
TAVT-45 Granules is an enhanced formulation of abiraterone acetate for the treatment for prostate cancer. TAVT-45 Granules was designed to be an improved formulation of the commercially available Zytiga (abiraterone acetate) tablets and developed using the High Throughput (HT) Matrix Screening Platform at Tavanta. When reconstituted with water or juice to yield an oral suspension, TAVT-45 Granules may increase the bioavailability of abiraterone and therefore allow a lower dose to be administered while also providing an alternative to patients who suffer from dysphagia or have difficulty swallowing tablets. In addition to the multiple large tablets required daily, other limitations of Zytiga include the requirement to be taken on an empty stomach and the high variability in systemic exposure. This high variability in systemic exposure has been shown to result in patients with low abiraterone plasma concentrations and exposure, which can lead to suboptimal clinical outcomes.3,4 It is anticipated that TAVT-45 treatment may be given regardless of food consumption and may result in less patients having sub-optimal abiraterone trough plasma concentrations.

Rgenta Therapeutics Announces the Successful Completion of Extension of Seed Financing

On May 25, 2021 Rgenta Therapeutics reported that it closed an $18 million seed extension round and welcomed Lilly Asia Venture (LAV) and Vivo Capital as new investors to the syndicate (Press release, Rgenta Therapeutics, MAY 25, 2021, View Source [SID1234580580]). Rgenta Therapeutics is focusing on developing RNA-targeting medicines for historically undruggable disease targets.

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"Small molecules targeting RNA regulation are an exciting new approach that can potentially unlock the therapeutic potentials of disease-causing genes that are undruggable at the protein level," said Hongbo Lu, Managing Partner at Vivo Capital. "We believe Rgenta has assembled a winning team to realize the potential of this novel modality."

BIVF, Matrix Capitals co-led the initial seed round with other early investors in 2020. With LAV and Vivo’s participation and the additional contribution from Kaitai, the company has now raised $38 million, to pursue small molecules against a range of RNA targets for oncology and neurological diseases. The new funding will help accelerate Rgenta’s pipeline toward clinical development and bring additional programs into Rgenta’s pipeline.

The board of directors will now include Judith Li (LAV), Hongbo Lu (Vivo) in addition to Martin Heidecker (BIVF), Roger Sun (Matrix), Zhiping Weng (Founder), Simon Xi (CEO) and Debasish Roychowdhury (Independent Chairman).

"We are very impressed with Rgenta’s unique target and lead discovery platform and expertise in developing RNA-targeting small molecules and the progress the Rgenta team has made in advancing their programs," said Judith Li, a partner at LAV.

"We are thrilled to welcome LAV and Vivo, two leading healthcare investors, to the syndicate," said Simon Xi, co-founder and CEO of Rgenta. "Both companies have a strong track record in funding ground-breaking science and supporting early-stage companies to develop innovative therapies. We look forward to working with the LAV and Vivo teams as we advance our therapeutic programs into the clinic and bring innovative therapies to benefit patients."

Phanes Therapeutics Announces $40 million Series B Financing

On May 25, 2021 Phanes Therapeutics, Inc. (Phanes), an emerging leader in innovative drug discovery in immuno-oncology, reported the completion of $40 million Series B financing (Press release, Phanes Therapeutics, MAY 25, 2021, View Source [SID1234580579]). The round of financing was led by Sequoia Capital China with participation from new investors and current shareholders. The proceeds from this round will be used to advance several preclinical programs to clinic, expand the research and clinical teams, and support the advancement of research projects in the PACbody and ATACCbody platforms.

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"This round of financing will accelerate our robust growth. We are excited about the opportunity of making a major impact in the immuno-oncology field," said Ming Wang, PhD/MBA, CEO of Phanes Therapeutics, "At Phanes, our mission is to become a major source of innovation in the biopharma industry, and we are fully committed to delivering innovative therapies to patients."

BioTheryX to Present at the 2021 Jefferies Virtual Healthcare Conference

On May 25, 2021 BioTheryX, Inc., a clinical-stage company focused on degrading proteins to create life-saving medicines, reported that the company will present virtually at the 2021 Jefferies Virtual Healthcare Conference on Tuesday, June 1st, 2021 at 1:30 pm ET (Press release, BioTheryX, MAY 25, 2021, View Source [SID1234580578]). A live webcast of the presentation can be accessed here and will be made available on the company’s website under the Events section.

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Robert Williamson, President and CEO, will present an overview on the company’s targeted protein degradation platform, its clinical stage oncology pipeline, and the management team will participate with him in 1x1s with investors.