Immunocore’s tebentafusp demonstrates superior overall survival compared to investigator’s choice in a Phase 3 clinical trial of patients with previously untreated metastatic uveal melanoma

On November 23, 2020 Immunocore (the "Company"), a late-stage biotechnology company pioneering the development of a novel class of TCR bispecific immunotherapies designed to treat a broad range of diseases, including cancer, infectious and autoimmune, reported that its Phase 3 IMCgp100-202 clinical trial of tebentafusp (IMCgp100) vs. investigator choice in metastatic uveal melanoma (mUM) has met the pre-defined boundaries for statistical significance of the primary endpoint of Overall Survival (OS) in its first pre-planned interim analysis conducted by the independent data monitoring committee (Press release, Immunocore, NOV 23, 2020, View Source [SID1234571630]). The OS Hazard Ratio (HR) in the intent-to-treat population favored tebentafusp, HR=0.51 (95% CI: 0.36, 0.71); p< 0.0001, over investigator’s choice (82% pembrolizumab; 12% ipilimumab; 6% dacarbazine). Although not yet mature, the Kaplan-Meier estimates suggest a 1-year OS rate of approximately 73% vs 58%, respectively. The efficacy data confirm the promising OS observed in the phase 2 study IMCgp100-102 in previously treated mUM which will be presented next month at the ESMO (Free ESMO Whitepaper) Immuno-Oncology Virtual Congress 2020.

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Bahija Jallal, Chief Executive Officer of Immunocore said: "A positive survival benefit for tebentafusp represents a major step towards bringing a potential new treatment for cancer patients with a high unmet need. If approved, tebentafusp would be the first new therapy to improve overall survival in 40 years and to be specifically indicated for metastatic uveal melanoma, a disease with poor survival and where new therapies are urgently needed. We look forward to sharing these data with the medical community and Health Authorities in the near future."

Tebentafusp is a novel bispecific protein comprised of a soluble T cell receptor fused to an anti-CD3 immune-effector domain. It is engineered to specifically target gp100, a lineage antigen expressed in melanocytes and melanoma, and is the first molecule developed using Immunocore’s ImmTAC technology platform designed to redirect and activate T cells to recognize and kill tumor cells. Tebentafusp has been granted Fast Track Designation by the U.S. Food and Drug Administration (FDA) and has previously been granted orphan drug designation for uveal melanoma by the FDA and Promising Innovative Medicine designation under UK Early Access to Medicines Scheme.

"To our knowledge, this is the first survival benefit for any TCR therapeutic and for any bispecific in a solid tumor. The survival benefit observed in a randomized trial against checkpoint inhibitors validates our ImmTAC platform as we expand to study other cancers with high unmet need," said David Berman, Head of R&D, "Uveal melanoma has one of the lowest tumor mutational burdens (TMB) and these results suggest our ImmTAC platform should be evaluated in tumors with low or high TMB status."

The Phase 3 IMCgp100-202 clinical trial is designed to evaluate the OS of tebentafusp compared to investigator’s choice (either dacarbazine, ipilimumab or pembrolizumab) in patients with previously untreatedmUM. 378 patients were randomized in a 2:1 ratio to either tebentafusp or investigator’s choice. Final results from IMCgp100-202 are expected to be presented at an upcoming scientific conference and to be submitted for publication in a peer-reviewed journal.

Halozyme Raises Full Year 2020 Guidance

On November 23, 2020 Halozyme Therapeutics, Inc. (NASDAQ: HALO) reported that it is updating 2020 financial guidance to reflect the signing of a global collaboration and license agreement with Horizon Therapeutics plc (Press release, Halozyme, NOV 23, 2020, View Source [SID1234571561]).

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The Company is raising full year 2020 revenue guidance to $265 million to $275 million to reflect incremental anticipated revenues as Halozyme and its partners continue to execute on a number of fourth quarter revenue-related activities.

The Company now expects:

Revenues of $265 million to $275 million, increased from prior guidance of $250 million to $260 million, representing growth of 35% to 40% over prior year revenues;

Earnings per share on a GAAP basis of $0.90 to $0.95, increased from prior guidance of $0.80 to $0.85.

Veracyte to Participate in Piper Sandler 32nd Annual Virtual Healthcare Conference

On November 23, 2020 Veracyte, Inc. (Nasdaq: VCYT), a global genomic diagnostics company, reported that Bonnie Anderson, chairman and chief executive officer, will participate in a fireside chat and host one-on-one meetings at the Piper Sandler 32nd Annual Virtual Healthcare Conference, being held December 1-3, 2020 (Press release, Veracyte, NOV 23, 2020, View Source [SID1234571580]).

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The pre-recorded fireside chat will be available on the event website prior to the dates of the conference. A replay of the presentation will be available by visiting Veracyte’s website at View Source and will remain archived there for approximately 90 days.

GT Medical Technologies Announces $16 Million Financing to Expand Availability of Targeted Therapy for Patients with Recurrent Brain Tumors

On November 23, 2020 GT Medical Technologies, Inc., a company dedicated to improving the lives of patients with brain tumors, reported it has raised $16 million in a Series B financing led by MVM Partners with participation from existing investors MedTech Venture Partners and BlueStone Venture Partners (Press release, GT Medical Technologies, NOV 23, 2020, View Source [SID1234571600]). Funds from the round will support the expanded commercialization of GammaTile Therapy, an FDA-cleared, Surgically Targeted Radiation Therapy (STaRT) for patients with brain tumors.

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"Since the FDA clearance of GammaTile Therapy in July 2018 for recurrent brain tumors and our expanded indication including newly-diagnosed malignant brain tumors early this year, many of the country’s leading centers for brain tumor treatment have adopted GammaTile Therapy. Physicians are pleased to finally have a new option for patients with brain tumors after decades of seeking better treatments," said Matthew Likens, President and CEO of GT Medical Technologies. "We are excited that this funding will support our efforts to further expand access to STaRT, allowing even more patients to benefit from this targeted treatment."

Over 700,000 Americans are living with some type of brain tumor today.1 Despite the efforts of the most skilled specialists throughout the world, outcomes for patients with brain tumors have improved very little over the past 30 years. GammaTile Therapy is the latest FDA-cleared treatment for newly diagnosed malignant and recurrent brain tumors, and the company recently announced data showing promising clinical outcomes for patients diagnosed with high-grade gliomas, brain metastases, and aggressive meningiomas.2

GammaTile Therapy first received FDA 510(k) regulatory clearance for the treatment of all types of recurrent brain tumors in July 2018. Earlier this year, GT Medical Technologies received FDA clearance to further expand the indication to allow patients with newly diagnosed malignant brain tumors to receive the therapy.

"Despite advances in care and improvements in outcomes for many other forms of cancer, brain cancer treatment options and outcomes have remained tragically static, with only one-third of patients living beyond five years. GammaTile Therapy provides patients and their clinicians with a needed new treatment modality," said Dr. Kyle Dempsey, Partner at MVM Partners. "Consistent with our investment goals, GammaTile Therapy has the potential to improve outcomes, decrease total healthcare costs, and improve patient satisfaction relative to the current standard of care. We are thrilled to partner with the business and to help ensure more patients and clinicians have access to this innovative technology."

GammaTiles are placed directly at the site of the tumor after surgical excision is complete and immediately targets residual tumor cells before they can replicate and cause tumor recurrence. Designed to protect healthy brain tissue and facilitate rapid, accurate placement during the procedure, the therapy features a bioresorbable, conformable, 3D-collagen tile that emits a sustained and controlled radiation dose.

The company recently announced that the first patient has been enrolled into its registry trial, which will further validate the safety and efficacy of GammaTile Therapy in patients with metastatic brain tumors, gliomas, and meningiomas from up to 50 treatment centers across the United States. Data from the study will be used to benchmark clinical outcomes for GammaTile Therapy and allow for comparisons to existing standard-of-care treatments for patients with brain tumors. In addition to the registry trial, two additional studies evaluating GammaTile Therapy in patients with brain metastases were announced at the 2020 Society of Neuro-Oncology Virtual Meeting on Brain Metastases in August. Those studies, which are led by The University of Texas MD Anderson Cancer Center and Memorial Sloan Kettering Cancer Center, are expected to begin enrollment in Q4 2020.3

Crinetics Pharmaceuticals to Participate in December Investor Conferences

On November 23, 2020  Crinetics Pharmaceuticals (Nasdaq: CRNX), reported that company management will participate in the following conferences in the month of December (Press release, Crinetics Pharmaceuticals, NOV 23, 2020, View Source [SID1234571633]). Please see additional details below:

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EVERCORE ISI 3RD ANNUAL HEALTHCONX CONFERENCE
Date: Thursday, December 3rd, 2020
Time: 1:00-1:45 pm ET in Track 1
Panel: Easy Pills to Swallow: Oral Drugs for Large Endo Markets
Presenter: Dr. Scott Struthers, Founder & CEO

PIPER SANDLER’S 32ND ANNUAL HEALTHCARE CONFERENCE
Date: Tuesday – Thursday, December 1st-3rd, 2020
Time: On demand
Presenter: Dr. Scott Struthers, Founder & CEO, and Dr. Alan Krasner, Chief Medical Officer

Webcast: Pre-recorded fireside chats will be available for viewing until the 3rd here 32nd annual Piper Sandler Healthcare Conference and the Piper Sandler conference website.