Luminex Corporation Declares Third Quarter Cash Dividend

On September 15, 2020 Luminex Corporation (Nasdaq:LMNX) (the "Company"), reported that its board of directors declared a cash dividend for the third quarter of 2020 of $0.09 per share of common stock payable on October 15, 2020 to stockholders of record as of the close of business September 24, 2020 (Press release, Luminex, SEP 15, 2020, View Source [SID1234565203]).

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Strand Therapeutics’ mRNA Logic Circuits Enhance Gene Therapy’s Safety, Ease and Controllability

On September 15, 2020 Strand Therapeutics reported that it is positioned to reshape the future of oncology (Press release, Strand Therapeutics, SEP 15, 2020, View Source [SID1234573056]). The company is genetically programming RNA not just to deliver a gene of interest, but to control the location, timing and intensity of therapeutic protein expression using mRNA-encoded logic circuits.

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That controllability is an important feature, and one that’s been lacking for mRNA gene therapies. With it, mRNA gene therapy has the potential to supplant traditional DNA-based gene therapy, offering a gene delivery technology that is easier and safer.

The idea to program mRNA was developed at Massachusetts Institute of Technology’s Synthetic Biology Center and spun out of the labs scientific co-founders Darrell Irvine, Ph.D. and Ron Weiss, Ph.D., where co-founders Tasuku Kitada, Ph.D., now president and head of R&D, and Jacob Becraft, Ph.D., CEO, worked as researchers.

Kitada and Becraft were the first to create synthetic gene circuits using synthetic mRNA, showing that post-transcriptional circuits could be "wired" to create a variety of networks that enabled cell type-specific expression and small molecule-based control of gene expression from synthetic mRNA.

In the MIT research lab of Ron Weiss, the pair led the team that developed the world’s first synesthetic biology programming language for mRNA.

"You can make it so that rather than DNA or RNA just expressing a protein, it can respond to inputs. Our body is filled with natural genetic circuits," Becraft told BioSpace.

Traditional DNA-based gene therapy uses viral vectors or nanoparticles to deliver a gene to the nucleus of a cell, where it is transcribed into mRNA. The mRNA then carries those instructions outside the nucleus and into the cytoplasm where protein is produced. Once the gene is in place, its expression can be up- or down-regulated. The challenge is that, "The cells protect their nucleus," Becraft noted. That makes it difficult for a gene to enter.

mRNA, however, doesn’t access the nucleus. Instead it accesses the cytoplasm. This approach to gene therapy is easier from a drug delivery perspective, and safer, because "it doesn’t run the risk of DNA mutating the genome," Becraft explained.

"We take the approach that the mRNA molecule doesn’t need to be changed structurally. We make regular, non-modified RNA, but make that mRNA smarter, able to operate autonomously and sense its surroundings," he said.

Strand Therapeutics does that by engineering the sequences of the nucleotides rather than changing the biochemical makeup of the RNA. In 2018, researchers showed that mRNA can deliver RNA therapeutic proteins, alongside those that encode for RNA-binding proteins in their genetic circuits.

In August, Irvine and Weiss published a paper in Nature Cancer showing the technology can simulate multiple mechanisms in known orders to stimulate multiple targets at once, creating a full-fledged immune response. Working in mice, they used multifunctional oncolytic nanoparticles to deliver self-replicating IL-12 RNA that was encapsulated in lipids.

The system promoted immunogenic cancer cell death, stimulated danger sensors in transfected cells, and modulated the immune cells for a greater anti-tumor immune response. In several of the mouse models, a single injection to the tumor eradiated those tumors, caused uninjected tumors to regress, and induced a protective immune memory.

"What we’ve done is use our programming technology to simulate multiple mechanisms in known order to kill multiple targets at once, to create a full-fledged immune response. You need to take a holistic approach and hit targets in the correct order," Becraft stressed. The platform is entering IND-enabling studies in humanized mouse models now.

"What’s different about synthetic biology is that we’re building therapies that recapitulate how biological systems work," Becraft said. "The mRNA enters into a cell and will respond to what’s happening in the cell with a feedback loop. For example, if it sees markers of a cancer cell, you build a system to recognize those inputs – like a computer program – and actuate a response. With programmable mRNA, we can stimulate multiple mechanisms and deliver multiple different cargos at once."

Strand Therapeutics’ MIT pedigree lends it immediate academic validation, but to succeed, the company also needed industry validation that the approach was not only scientifically interesting but promising to other healthcare leaders.

"It’s always good to have pharma interest, to recognize the technology’s potential," Becraft said. That’s a key tipping point."

That validation arrived in the form of multiple industry awards.

From a business development standpoint, "One of the first big awards was the Bristol-Myers Squibb 2018 Golden Ticket, recognizing Strand as an innovative startup. I say that not because of the free lab space and mentorship but because, through it, I met a member of the BMS team who was a very experienced executive in the biopharma world. She left BMS and joined another company, but we stayed in touch. Eventually, we hired her as our COO." Becraft makes a point of stressing that she wasn’t poached. "She worked at another company before joining Strand Therapeutics."

Just over a year ago, the company received $6 million in seed funding from Playground Global, Alexandria Venture Investments, ANRI and private investors. That allowed it to hire key personnel and further develop its synthetic biology platform. With that boost, it has attracted pharmaceutical partners and is pursuing multiple partnership strategies. Now, Becraft said, "We’re set to enter clinical trials in early 2022."

Gilead’s Magrolimab, an Investigational Anti-CD47 Monoclonal Antibody, Receives FDA Breakthrough Therapy Designation for Treatment of Myelodysplastic Syndrome

On September 15, 2020 Gilead Sciences, Inc. (Nasdaq: GILD) reported that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation for magrolimab, a first-in-class, investigational anti-CD47 monoclonal antibody for the treatment of newly diagnosed myelodysplastic syndrome (MDS) (Press release, Gilead Sciences, SEP 15, 2020, View Source [SID1234565177]).

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MDS is a type of cancer caused by poorly formed or dysfunctional blood cells in the bone marrow. Approximately 15,000 people are diagnosed with MDS in the U.S. each year, and no new treatments have been approved in 14 years. The average survival rate for those with lower-risk MDS is six years and approximately 18 months for those with higher-risk MDS.

Breakthrough Therapy designation is designed to expedite the development and regulatory review of investigational treatments for serious or life-threatening conditions that, based on preliminary clinical evidence, have the potential to substantially improve clinical outcomes compared with available therapy.

The FDA granted Breakthrough Therapy designation for magrolimab based on positive results of an ongoing Phase 1b study, which evaluated magrolimab in combination with azacitidine in previously untreated intermediate, high and very high-risk MDS. In data presented at the 2020 European Hematology Society Congress, 91 percent of evaluable patients (n=33) treated with magrolimab plus azacitidine achieved an objective response, with 42 percent achieving a complete remission (CR). The combination of magrolimab plus azacitidine was generally well-tolerated. No maximum tolerated dose was reached and no MDS patients discontinued treatment due to a treatment-related adverse event.

"The Breakthrough Therapy designation recognizes the potential for magrolimab to help address a significant unmet medical need for people with MDS and underscores the transformative potential of Gilead’s immuno-oncology therapies in development," said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences.

Magrolimab is currently being studied in the double-blind, placebo-controlled, randomized Phase 3 ENHANCE trial in previously untreated higher risk MDS. The trial will evaluate the safety and efficacy of magrolimab, in combination with azacitidine, as measured by CR and duration of CR.

Magrolimab is an investigational agent and has not been approved anywhere globally. Its safety and efficacy have not been established.

About Magrolimab

Magrolimab is a first-in-class investigational monoclonal antibody against CD47 and macrophage checkpoint inhibitor that is designed to interfere with recognition of CD47 by the SIRPα receptor on macrophages, thus blocking the "don’t eat me" signal used by cancer cells to avoid being ingested by macrophages. Magrolimab is being developed in several hematologic and solid tumor malignancies, including MDS. Magrolimab has been granted Fast Track Designation by the FDA for the treatment of MDS, acute myeloid leukemia (AML), diffuse large B-cell lymphoma (DLBCL) and follicular lymphoma. Magrolimab has also been granted Orphan Drug Designation by the FDA for MDS and AML and by the European Medicines Agency for AML.

Q BioMed Announces Strontium89 Initial Uptake and Momentum in US and Europe

On September 15, 2020 Q BioMed Inc. (OTCQB: QBIO), a commercial stage biotech company, reported initial commercial uptake of Strontium89, its FDA approved drug for the non-opioid treatment of metastatic cancer in the bone (Press release, Q BioMed, SEP 15, 2020, View Source [SID1234565204]).

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Q BioMed announced the US-based launch of Strontium89 (Strontium Chloride Sr-89 Injection, USP), in Q1 of this year. The COVID-19 pandemic slowed the diagnosis and treatment of cancer in many patients throughout spring and into summer, and severely limited the industry’s access to physicians due to restrictions on access and availability. Despite these challenges, the reintroduction of Strontium89 has received a warm response and enthusiasm from physicians who are pleased that it is once again available for the benefit of their patients.

There are now free-standing clinics in at least 8 states that are undergoing the required operational steps to become a ‘Strontium89 practice’, including having it on their radioactive materials license, with several clinics already up and running with patients being treated. Beginning in October, treatment with Strontium89 in the hospital out-patient setting will be fully reimbursed by Medicare and Medicaid, at which point Q BioMed expects to see hospitals more actively treat patients as well.

Q BioMed is deploying a robust multi-channel marketing campaign, driving awareness amongst its target audiences, both on the physician and the patient side. The Company will exhibit Strontium89 at several conferences including ASTRO (American Society of Therapeutic Radiation Oncology) and ONS (Oncology Nursing Society) and will begin speaker programs later this fall. Virtual and live sales calls have been ongoing since June within the confines of COVID-19 access and expanded field force efforts are planned for Q4 2020.

In September, Q BioMed launched its international ‘Named Patient’ program that enables physicians worldwide to order Strontium89 for their patients in need, and the response to this program has been robust with orders already taken in the UK and orders pending from at least 7 other countries. The regulatory registration process for full commercial access in the EU has commenced, with pan-EU approval expected by end of year. In parallel, Q BioMed is midway through the registration process in many other countries, with approvals expected to begin in October and continue through Q1 of 2021.

"We anticipate revenues from Strontium89 to continue to ramp up significantly from our baseline in Q2 as we build capacity and demand worldwide. Looking towards 2021, we are assessing several potential clinical trial programs that may expand the indication beyond palliation into a therapeutic use that may increase patient survival, accessing the much larger therapeutic market," stated Q BioMed CEO Denis Corin.

VBL Therapeutics to Provide an Update on the OVAL Study Today at the H. C. Wainwright 22nd Annual Global Investment Conference

On September 15, 2020 VBL Therapeutics (Nasdaq: VBLT) reported that it will present today a corporate overview, including an update on the OVAL pivotal study, at the H. C. Wainwright 22nd Annual Global Investment Conference being held virtually on September 14-16, 2020 (Press release, VBL Therapeutics, SEP 15, 2020, View Source [SID1234565151]).

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"Our OVAL trial of VB-111 in ovarian cancer continues to progress well, with over a third of the study participants already enrolled," said Dror Harats, MD, Chief Executive Officer of VBL Therapeutics. "We are pleased that the high response rate seen in our interim analysis in March, continues to be high in the total patient population to date. With blinded data becoming more mature, we currently see a good correlation between the CA-125 and RECIST responses, as well as with preliminary PFS and OS data. So far, OVAL blinded data recapitulate what we have seen in our positive Phase 2 study, which is very encouraging."

Presentation Details:

Date: Today, Tuesday, September 15
Time: 14:30 EDT
Webcast: Link