FDA Approves Y-mAbs’ DANYELZA® (naxitamab-gqgk) for the Treatment of Neuroblastoma

On November 25, 2020 Y-mAbs Therapeutics, Inc. (the "Company" or "Y-mAbs") (Nasdaq: YMAB) a commercial-stage biopharmaceutical company focused on the development and commercialization of novel, antibody-based therapeutic products for the treatment of cancer, reported that the U.S. Food and Drug Administration ("FDA") has approved DANYELZA (naxitamab-gqgk) 40mg/10ml (Press release, Y-mAbs Therapeutics, NOV 25, 2020, View Source [SID1234571744]). DANYELZA is indicated, in combination with granulocyte-macrophage colony-stimulating factor ("GM-CSF"), for the treatment of pediatric patients 1 year of age and older and adult patients with relapsed or refractory high-risk neuroblastoma in the bone or bone marrow who have demonstrated a partial response, minor response, or stable disease to prior therapy. This indication is approved under accelerated approval regulation based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefits in a confirmatory trial. DANYELZA is a humanized, monoclonal antibody that targets the ganglioside GD2, which is highly expressed in various neuroectoderm-derived tumors and sarcomas. DANYELZA is administered to patients three times in a week in an outpatient setting and the treatment is repeated every four weeks. The product has received Priority Review, Orphan Drug, Breakthrough Therapy, and Rare Pediatric Disease designations from the FDA.

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"Today is an important day for children living with refractory/relapsed high-risk neuroblastoma," said Thomas Gad, founder, Chairman and President. "It’s very exciting to see this treatment go from being an experimental therapy used at my daughter’s bedside to now being FDA approved. On behalf of Y-mAbs, I want to thank all the patients and physicians who took part in our clinical trials and our scientific partner, Memorial Sloan Kettering, for helping us achieve this goal."

"We believe that DANYELZA in combination with GM-CSF is a much-needed treatment for patients with relapsed/refractory high-risk neuroblastoma in the bone or bone marrow who have historically not had approved treatments available. This approval of Y-mAbs’ first BLA represents a key step in working towards our mission of becoming a world leader in developing better and safer antibody-based oncology products addressing unmet pediatric and adult medical needs," said Claus Moller, Chief Executive Officer.

The FDA approval of DANYELZA is supported by clinical evidence from two pivotal studies in patients with high-risk neuroblastoma with refractory or relapsed disease. DANYELZA appears to be well tolerated with few discontinuations of treatment in the clinical trials and adverse events were clinically manageable. See below for information related to adverse reactions.

The FDA granted approval under the accelerated approval regulation. The postmarketing clinical trial required by the FDA to verify and to further characterize the clinical benefit is the ongoing Study 201, which will enroll a minimum of 80 patients and report overall response rate ("ORR"), duration of response ("DOR"), progression free survival ("PFS") and overall survival ("OS"). The ORR is the primary endpoint for the study, DOR is the secondary endpoint, PFS and OS are secondary endpoints in long-term follow up.

DANYELZA is expected to be available in the United States in the coming weeks. To learn more about DANYELZA, visit DANYELZA.com. To help patients get started on DANYELZA, Y-mAbs ConnectTM has been created to answer questions about access, health insurance coverage, financial support programs and other resources available for qualifying patients. To learn more about Y-mAbs Connect, visit ymabsconnect.com.

Researchers at Memorial Sloan Kettering Cancer Center ("MSK") developed DANYELZA, which is exclusively licensed by MSK to Y-mAbs. As a result of this licensing arrangement, MSK has institutional financial interests related to the compound and Y-mAbs.

About High-Risk Neuroblastoma

Neuroblastoma is a solid tumor of childhood that arises in the nervous system, outside of the brain. The clinical behavior of neuroblastoma is highly variable, with some tumors being easily treatable, but the majority being very aggressive. All patients are staged based on the International Neuroblastoma Staging System Committee ("INSS") system, ranging from stage 1 through stage 4S. All patients with stage 4 disease diagnosed after one year of age are classified in the high-risk category, where the neuroblastoma tumor cells have already metastasized to other sites in the body, such as the bone or bone marrow. Essentially all patients who have tumors with many copies, or amplification, of the MYCN oncogene also have high-risk disease, even if they do not have evidence of the tumor having spread.

Important Safety Information and Indication for DANYELZA (naxitamab-gqgk)

Indication

DANYELZA (naxitamab-gqgk) is indicated, in combination with granulocyte-macrophage colony-stimulating factor ("GM-CSF"), for the treatment of pediatric patients 1 year of age and older and adult patients with relapsed or refractory high-risk neuroblastoma in the bone or bone marrow who have demonstrated a partial response, minor response, or stable disease to prior therapy. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefits in a confirmatory trial.

Important Safety Information

Please click here to see the full Prescribing Information for DANYELZA.

Contraindications

DANYELZA is contraindicated in patients with a history of severe hypersensitivity reaction to naxitamab-gqgk. Reactions have included anaphylaxis.

Warnings and Precautions

DANYELZA has been approved with a box warning.

In clinical studies, DANYELZA has been shown to cause serious infusion reactions including anaphylaxis, cardiac arrest, bronchospasm, stridor, and hypotension. Infusion reactions generally occurred within 24 hours of completing a DANYELZA infusion, most often within 30 minutes of initiation Infusion reactions are most frequent during first infusion in each cycle. Premedicate with an antihistamine, acetaminophen, an H2 antagonist and corticosteroid as recommended in the label. Monitor patients closely for signs and symptoms of infusion reactions during and for at least 2 hours following completion of each DANYELZA infusion in a setting where cardiopulmonary resuscitation medication and equipment are available. Reduce the rate, interrupt infusion, or permanently discontinue DANYELZA based on severity and institute appropriate medical management as needed.

Based on its mechanism of action, DANYELZA can cause severe pain. Premedicate with gabapentin and e.g. oral oxycodone. Treat break-through pain with intravenous hydromorphone or equivalent.

One case of transverse myelitis (Grade 3) has been reported. Permanently discontinue DANYELZA therapy in case of transverse myelitis.

DANYELZA may cause severe hypertension. The onset of hypertension may be delayed. Monitor blood pressure during and after infusion. Interrupt DANYELZA infusion and resume at a reduced rate, or permanently discontinue DANYELZA based on the severity.

Two cases of posterior reversible encephalopathy syndrome ("PRES") have been reported. Monitor blood pressure during and following DANYELZA infusion and assess for neurologic symptoms. Permanently discontinue DANYELZA in case of symptomatic PRES.

Adverse Reactions

The most common adverse events were mainly mild and moderate and included infusion-related reaction, pain, tachycardia, vomiting, cough, nausea, diarrhea, decreased appetite, hypertension, fatigue, erythema multiforme, peripheral neuropathy, urticaria, pyrexia, headache, edema, anxiety, localized edema and irritability.

This is not the complete list of Warnings, Precautions and Adverse Reactions. For further information see label.

To report suspected adverse reactions, contact Y-mAbs Therapeutics, Inc., at 1-833-339-6227 (1-833-33YMABS), or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

RhoVac’s Prostate Cancer Drug Candidate, RV001, is granted Fast Track Designation by the FDA

On November 25, 2020 RhoVac, a clinical stage company reported that the American FDA has granted Fast Track Designation to the company’s drug candidate, RV001 (Press release, RhoVac, NOV 25, 2020, View Source [SID1234571761]). Fast Track Designation is granted to investigational drugs for expedited review by the FDA, to facilitate development of drugs aimed at treating serious or life-threatening conditions and fill unmet medical needs .

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The granted Fast Track Designation means that Rhovac and RV001 are eligible for the following:

More frequent meetings with FDA to discuss the drug’s development plan and ensure collection of appropriate data needed to support drug approval
More frequent written communication from FDA about such things as the design of the proposed clinical trials and use of biomarkers
Eligibility for Accelerated Approval and Priority Review, provided relevant criteria are met·
Rolling Review, which means that a drug company can submit completed sections of its Biologic License Application (BLA) or New Drug Application (NDA) for review by FDA, rather than waiting until every section of the NDA is completed before the entire application can be reviewed. BLA or NDA review usually does not begin until the drug company has submitted the entire application to the FDA
RhoVac filed its Fast Track Designation application at the end of September, and the company is pleased to learn less than 60 days later that the FDA has granted Fast Track Designation to RhoVac’s drug candidate, RV001. The drug candidate is currently engaged in a phase IIb clinical trial in prostate cancer, a study that aims to recruit more than 175 patients and that involves centres both in Europe and in the US. The study aims to conclude in the beginning of 2022. In prostate cancer there is currently no other therapy available for patients to prevent cancer recurrence. Currently, these patients undergo only surveillance and have no access to preventive therapy. Only when patients are diagnosed with recurring and now metastatic cancer, are they again eligible for therapy such as hormone therapy. The aim of RV001 development is to ensure that fewer patients will have to experience recurring cancer and that progression is delayed in those that do. If a Proof of Concept (PoC) for the use of RV001 in prostate cancer is obtained, it is highly likely that the drug will also be tried in other cancer forms, as there is nothing prostate specific about the scientific rationale for the drug candidate per se.

RhoVac’s CEO, Anders Månsson, comments: "We are extremely pleased and proud that our drug candidate, RV001, has earned Fast Track Designation by the FDA. We obviously appreciate the benefits that this might entail in terms of access to FDA advice and an accelerated approval process. But also the fact that the FDA has reviewed our data, and found our drug candidate worthy of this level of priority, obviously sends a clear signal of recognition of the drug’s potential to all our would-be partners, which is something of great importance to us."

This disclosure contains information that RhoVac is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-11-2020 08:20 CET.

UniSA’s Spanish collaboration, a quest to treat skin cancerew Page

On November 25, 2020 UniSA researchers reported are partnering with Spanish pharmaceutical company Almirall through its open innovation platform, AlmirallShare, to further the development of new ways of treating common skin cancers (Press release, University of South Australia, NOV 25, 2020, View Source [SID1234571779]).

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UniSA researchers from its Future Industries Institute, Professor Tarl Prow and Dr Miko Yamada, will be working in collaboration with others to further their research into the causes and potential treatments for one of the most common forms of skin cancer, squamous cell carcinoma.

The research will help to unpack the molecular mechanism underlying this type of skin cancer and modulate its development with the novel use of an off-patent topical drug, proved effective in clinical trials funded by the Skin Cancer College of Australasia conducted by the UniSA FII team.

Prof Prow says joining forces with Almirall could be a game changer.

"This this collaboration will allow us to establish synergies between different groups to further our commitment to fighting skin cancer," Prof Prow says.

"By pairing our deep knowledge of a common type of skin tumor with Almirall’s leading expertise in medical dermatology we could reimagine the treatment options for people with skin carcinoma.

"This group has a strong commitment to fight skin cancer and has developed innovative technologies with clinical applications and enhanced delivery of topical drugs.

"Our team is excited to be working with them on such a significant project."

Launched in 2017, AlmirallShare aims to facilitate collaborations in dermatological research and accelerate the generation of new treatments for skin conditions, by putting together the science and creativity of experts around the world with Almirall’s own expertise.

To date more than 400 research proposals have been received and globally, 900 scientific researchers have joined the group.

Australia leads the world in incidence of skin cancer with 33.6 adults in every 100,000 affected.

SBI Pharmaceuticals and TAGCyx announces the research and development collaboration of inovative cancer therapy

On November 25, 2020 SBI Pharmaceuticals and TAGCyx biotechnologies reported entering into a research and develop collaboration to develop innovative products in the field of cancer treatment (Press release, TAGCyx Biotechnologies, NOV 25, 2020, View Source [SID1234625951]).

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SBI Pharmaceuticals is specialized in the application of 5-ALA (5-aminolevulinic acid) and is dedicated to provide innovation for a wide range of health applications in the healthcare and health food field in order to help improve the health and quality of human life all over the world.

TAGCyx has invented artificial nucleic acid base-pair technology that enables to produce high affinity and selective DNA aptamers "Xenoligo".

By combining SBI Pharmaceuticals’ technology and TAGCyx’s Xenoligo, both companies intend to develop novel technologies in oncology arena.

As part of the joint research and development, TAGCyx will receive research and development funds, multiple milestones at certain steps during the development as well as sales related royalties accordingly.

(*1) 5-aminolevulinic acid (5-ALA): An amino acid produced in mitochondria. It is an important substance that serves as a functional molecule related to energy production in the form of heme and cytochromes, and its productivity is known to decrease with age. 5-ALA is contained in food such as shochu lees, red wine and Asian ginseng. It is also known as a material forming chloroplasts in plants.

InDex Pharmaceuticals Holding AB (publ) interim report January – September 2020

On November 25, 2020 InDex Pharmaceuticals reported that (Press release, InDex Pharmaceuticals, NOV 25, 2020, View Source [SID1234571708])

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Phase III plan laid out
"We have now laid out our plan for the phase III program with cobitolimod, which will form the basis for market approval, and we intend to finance the important initial induction study through a fully guaranteed rights issue of approximately SEK 500 million. In collaboration with the leading experts in the field we have arrived at a design that in an efficient manner will provide the basis to be able to draw firm conclusions regarding cobitolimod’s efficacy and safety as well as solid ground for a successful future commercialisation," says Peter Zerhouni, CEO of InDex Pharmaceuticals.

Period July – September 2020
Net sales amounted to SEK 0.0 (0.0) million
Operating loss amounted to SEK –7.7 (–27.2) million
Result after tax amounted to SEK –7.7 (–27.2) million, corresponding to SEK –0.09 per share (–0.39) before and after dilution
Cash flow from operating activities amounted to SEK –8.3 (–18.9) million
Period January – September 2020
Revenues amounted to SEK 0.0 (0.1) million
Operating result amounted to SEK –47.3 (–62.1) million
Result after tax amounted to SEK –47.3 (–62.1) million, corresponding to SEK –0.53 per share (–0.90) before and after dilution
Cash flow from operating activities amounted to SEK –63.1 (–50.9) million
Cash and cash equivalents at the end of the period amounted to SEK 62.3 (117.6) million
Number of employees at the end of the period was 7 (7)
Number of shares at the end of the period was 88,781,275
All comparative amounts in brackets refer to the outcome during the corresponding period 2019.

Significant events during July – September 2020
No significant events have occurred during the period
Significant events after the reporting period
InDex intends to carry out a fully guaranteed rights issue of approximately SEK 500 million to fund phase III development of cobitolimod
Other events
The Lancet Gastroenterology and Hepatology published the results of InDex’s phase IIb study CONDUCT with cobitolimod and a positive independent expert commentary
CEO statement
We have now laid out our plan for the phase III program with cobitolimod, which will form the basis for market approval, and we intend to finance the important initial induction study through a fully guaranteed rights issue of approximately SEK 500 million. It has been an intensive process since the regulatory authorities FDA and EMA endorsed the advancement of cobitolimod into phase III based on our previous positive study results and the significant medical need for new treatment options for patients suffering from ulcerative colitis. In collaboration with the leading experts in the field we have arrived at a design that in an efficient manner will provide the basis to be able to draw firm conclusions regarding cobitolimod’s efficacy and safety as well as solid ground for a successful future commercialisation.

We are planning a sequential phase III program with two induction studies and a maintenance study with patients that have responded to cobitolimod as induction therapy. The first induction study, where the effect is measured at week 6, will include approximately 400 patients with moderate to severe left-sided ulcerative colitis. Apart from the dosing 250mg x 2, which was the highest dose and the one that showed the best efficacy in the phase IIb study CONDUCT, cobitolimod’s excellent safety profile allows us to also evaluate a higher dose, 500mg x 2, in an adaptive study design. This higher dose has the potential to provide an even better efficacy than the already competitive efficacy we observed in the CONDUCT study.

Based on the results of the first induction study, we then plan another induction study with the dose that shows the greatest efficacy. By reading out the results of the first induction study before the next study is started, we reduce the development risk of the program. Depending on the outcome of the induction studies and how the regulatory requirements develop, we will evaluate the possibility to apply for market approval based on only induction data. This could mean that cobitolimod can benefit patients more quickly.

To finance the important initial induction study and other operations, we are planning a fully guaranteed rights issue, for which we have already established interest from large existing shareholders like Linc and Fourth AP Fund to invest and Barclays Bank Ireland PLC and Carnegie Investment Bank AB to underwrite. The plan is to hold an extraordinarygeneral meeting in January 2021 and carry out the rights issue thereafter. It is our firm belief that it is strategically right to conduct the study on our own in order to create more value in cobitolimod and more shareholder value in InDex by taking cobitolimod closer to market approval.

Subject to how the Covid-19 pandemic evolves, we plan to start the first induction study in the second quarter of 2021 and expect to be able to report the results from the study within 18 to 24 months thereafter. It will be a global study including a few hundred clinics worldwide.

The successful results from the CONDUCT study were published in early October in The Lancet Gastroenterology and Hepatology, which is one of the highest ranked international medical journals within the field of gastroenterology. The journal also chose to publish an independent expert commentary that provides strong support for the potential of cobitolimod to become an essential part of the future treatment of ulcerative colitis, as many patients do not respond to or suffer severe side effects from current treatments. In October, the principal investigator of the study, Professor Atreya at the University of Erlangen-Nürnberg, also presented the results at the two leading gastroenterology conferences, UEGW and ACG. Furthermore, Professor Atreya won the award for best international abstract at ACG.

These external validations, together with the market research we have conducted, further strengthen our belief in the value of cobitolimod. With its outstanding combination of efficacy and safety as well as the novel and unique mechanism of action, we estimate that the global annual sales at a successful commercialisation can reach more than USD 1 billion.

On December 8, we will arrange an R&D day and tomorrow I will present the company at the Redeye Life Science Day. I hope you will have the opportunity to attend these virtual events. With the phase III plan, InDex is moving to the next level and I look forward with great enthusiasm to the continued journey.

Conference call for investors, analysts and media
A conference call on the company’s interim report for Q3 2020 and description of the phase III program for cobitolimod and the financing of the important initial induction study will be held with CEO Peter Zerhouni on Wednesday November 25, 2020 at 11:00 (CET). During the conference call, which will be held in English, it will be possible to ask questions to the company. Questions can also be sent in by e-mail to [email protected].

The conference call can be followed at View Source

The full report is attached as a PDF and is available on the company’s website View Source

Publication
This information is information that InDex Pharmaceuticals Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication through the agency of the contact person set out above at 8:00 CET on November 25, 2020.