Alpine Immune Sciences to Participate in Fireside Chat at the Jefferies Virtual Global Healthcare Conference

On May 26, 2020 Alpine Immune Sciences, Inc. (NASDAQ: ALPN), a leading clinical-stage immunotherapy company focused on developing innovative treatments for cancer and autoimmune/inflammatory diseases, reported its participation in an analyst-led fireside chat at the Jefferies Virtual Global Healthcare Conference on Tuesday, June 2, at 10:00 a.m. ET (Press release, Alpine Immune Sciences, MAY 26, 2020, View Source [SID1234558495]).

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A live webcast of the presentation will be available online in the investor relations section of the company’s website at View Source A replay of the presentation will be available on the company website for 90 days following the webcast.

Selvita Reports Financial Results for Q1 2020: Dynamic Increase in Backlog for 2020 and Strong Position on the Market

On May 26, 2020 Selvita (WSE: SLV), one of the largest preclinical contract research organizations in Europe, reported its first quarter 2020 financial results and provided a corporate update (Press release, Selvita, MAY 26, 2020, View Source [SID1234558512]).

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The company continues its dynamic growth and reports backlog for 2020 of EUR 21,8 million, indicating a 41% increase to the values reported a year ago. The increase in the value of signed contracts in the Services segment amounted to 48%.

For the first three months of 2020, Selvita reports consolidated revenues of EUR 7 million, up by 41% on a year-on-year basis, thus confirming very good preliminary estimates published on April 29, 2020. What is quite remarkable, despite the worldwide COVID-19 pandemic, the company has managed to strengthen its position in the global CRO market, especially among US customers considered the largest biotechnology market in the world.

Commercial revenues in the Services Segment amounted to EUR 5.8 million in 1Q 2020, indicating a 46% increase as compared to same period previous year. The Bioinformatics Segment’s (Ardigen, where Selvita holds 54,7 percent of votes at the General Meeting of Shareholders) commercial revenues increased by 33% and amounted to EUR 0.7 million.

Company’s EBITDA profit reached EUR 1.7 million and was by 52% higher than in Q1 2019, with a profitability margin of nearly 24%. The net result increased by 92% reaching EUR 0.8 million. These results, demonstrate that Selvita has not only maintained but in fact exceed its planned rate of growth.

– We’re sticking to the plan and not slowing down our pace of development. We’re maintaining high revenue dynamics, at the same time increasing EBITDA margin, which in Q1 2020 has increased by nearly 2 p.p. The results we managed to achieve in the past quarter are particularly satisfying, due to the global economic uncertainty caused by COVID-19 pandemic. So far, it looks like Selvita successfully went through this difficult time. We implemented safety measures in order to secure the health and safety of our employees and managed to maintain business continuity in all projects. In this uncertain environment, we were able to strengthen our position among foreign customers, especially on the U.S. market. Many pharmaceutical and biotechnology companies have realized the need for geographical diversification of outsourced services. Selvita skillfully fits into these changing trends on the preclinical CRO market – comments Bogusław Sieczkowski, co-founder, and Chief Executive Officer at Selvita.

External revenues from the services commissioned by US customers increased in Q1 2020 by 175% and already constitute over 25% of the entire Services Segment revenues. At the same time, revenues from the services commissioned by customers from the United Kingdom increased by 74%. Services contracts from these two largest global biotech & pharma markets include both drug discovery and regulatory research. Increasing customer recognition for the high quality of services and competences offered by Selvita team results in further contracts. As on May 21, the backlog in the Service Segment amounted to EUR 18.0 million, i.e. was 48% higher than same time previous year. Out of which, nearly EUR 14.0 million concerns the services in the area of drug discovery and EUR 3.5 million in regulatory research.

– The continuously growing backlog, demonstrates that during the pandemic, despite the restrictions placed on international travel and cancelation of industry events, we are able to acquire new contracts efficiently. With most of global business activity going virtual, the geographical barriers have disappeared and we can build our position on the international market on an equal level with other providers – emphasizes Bogusław Sieczkowski.

In addition to increasing revenues, Selvita’s new strategy also assumes maintaining a stable EBITDA margin and over EUR 230 million of market cap in 2023. For this purpose, in 2020-2023, the company intends to execute investments worth up to EUR 75-90 million, which will be allocated to acquisitions and organic development.

In order to execute the strategy, Selvita plans to raise approx. EUR 21 million by issuing up to 15% of the share capital in a Follow-On offering. Approximately 80% of the proceeds will be allocated for acquisitions. One of the elements of the strategy execution will be the creation of Selvita Research Center in order to secure own research space necessary for further growth. The Company has already made a first step towards execution of this aim, and signed a preliminary contract for a plot of land in the neighborhood of its current laboratories. The initiation of the investment is planned for 2021.

ORIC Pharmaceuticals to Present at the Jefferies 2020 Global Healthcare Conference

On May 26, 2020 ORIC Pharmaceuticals, Inc. (Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, reported that Jacob Chacko, M.D., chief executive officer, will present a company overview at the Jefferies Virtual Healthcare Conference on Tuesday, June 2, 2020, at 11:00 am ET (Press release, ORIC Pharmaceuticals, MAY 26, 2020, View Source [SID1234561055]).

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A webcast of the presentation will be available through the investor section of the company’s website at View Source A replay of the webcast will be available for 90 days following the event.

Sesen Bio to Present at the Jefferies Virtual Healthcare Conference

On May 26, 2020 Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, reported it will be featured as a presenting company at the Jefferies Virtual Healthcare Conference on Tuesday, June 2, 2020 (Press release, Sesen Bio, MAY 26, 2020, View Source [SID1234558445]).

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Event: Jefferies Virtual Healthcare Conference
Date: June 2, 2020
Time: 8:30 – 8:55 AM ET

A live webcast of the Company’s presentation will be accessible from the Investors & Media section of Sesen Bio’s website, www.sesenbio.com. An archived replay of the webcast will be available on the Company’s website for 90 days after the conference.

STAND UP TO CANCER HAILS FDA APPROVAL OF OLAPARIB FOR ADVANCED PROSTATE CANCER

On May 26, 2020 Stand Up To Cancer research reported A recent FDA approval provides a new treatment option for patients with an aggressive form of prostate cancer (Press release, SU2C, MAY 26, 2020, View Source [SID1234558462]). The drug, called olaparib, is a precision therapy that targets certain molecular qualities of advanced prostate cancer in patients with genetic mutations that often lead to aggressive cancers, including BRCA1 and BRCA2.

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A collaborative ‘Dream Team’ of scientists funded by Stand Up To Cancer and the Prostate Cancer Foundation contributed to the research that led to the approval of olaparib for advanced prostate cancer.

"I’m delighted that the Dream Team’s work has led to a therapy that will impact patients with aggressive forms of prostate cancer," said Arul Chinnaiyan, MD, PhD Dream Team leader and professor of Pathology and Urology at the University of Michigan. "Our research was the first to demonstrate that over 20% of patients with metastatic prostate cancer have mutations in genes such as BRCA1 or BRCA2 and that over 10% of these mutations are inherited, which led to the clinical trials that tested olaparib as a potential treatment for these patients."

Prostate cancer is the second most common cancer in American men, following skin cancer. Furthermore, black men are at increased risk of a prostate cancer diagnosis, and significantly greater risk of dying from prostate cancer compared to whites. In 2020, close to 200,000 men will be diagnosed with new cases of prostate cancer, and about 33,000 men will die from the disease. A common therapy for prostate cancer lowers the levels of male hormones in the body with drugs or by removal of the testes. However, some men develop castration-resistant disease, meaning that the cancer is able to grow and continue to spread despite hormone therapy. As the cancer grows, it may also metastasize to parts of the body outside the prostate.

"New treatments are urgently needed for metastatic castration-resistant prostate cancer, which is particularly aggressive and difficult to treat," said SU2C Scientific Advisory Committee Vice-Chair William Nelson, MD, PhD, director of the Sidney Kimmel Comprehensive Cancer Research, Johns Hopkins University and a recognized expert in prostate cancer. "Stand Up To Cancer is proud to have contributed to the development of this targeted treatment option for people whose prostate cancer has progressed to this stage."

Uncovering the genetic and molecular characteristics of metastatic castration-resistant prostate cancer is key to finding novel treatments. The Dream Team analyzed DNA from metastatic castration-resistant prostate cancer samples gathered from eight clinical trials. In a study published in the journal Cell, the team showed that several genetic mutations, including BRCA1 and BRCA2, are prevalent in 23% of patients with metastatic castration-resistant prostate cancer.

"Prior to our research, certain genetic mutations such as BRCA1 were connected mainly to breast and ovarian cancer," said Chinnaiyan. "Our findings led us to question if drugs utilized for BRCA-positive breast and ovarian cancers – such as olaparib – could also be utilized for prostate cancer patients with the same genetic mutations, which launched an effort to test olaparib in clinical trials for men with prostate cancer."

Chinnaiyan and the Dream Team presented their initial findings at the annual SU2C Scientific Summit in 2015. Another Dream Team of SU2C scientists focused on women’s cancers immediately offered data from prior testing of drugs, including olaparib, that have been used successfully for women’s cancers with the same BRCA1 and BRCA2 mutations. "This type of collaboration is characteristic of SU2C," said Sung Poblete, PhD, RN, SU2C CEO. "Sharing this data saved the Prostate Cancer Dream Team nearly $500,000 and six months of work, allowing this compelling research to be accelerated to benefit patients faster."

Collaborating with colleagues testing olaparib in a clinical trial, the Dream Team analyzed each patient’s DNA for the genetic mutations they had identified in their previous studies. The trial results, published in the New England Journal of Medicine, revealed that metastatic castration-resistant prostate cancer patients with genetic mutations such as BRCA1 and BRCA2 often responded preferentially to olaparib. These results led to olaparib receiving a ‘Breakthrough Therapy Designation’ from the FDA, which laid the groundwork for the recent FDA approval of olaparib in metastatic prostate cancer.

Olaparib is a type of drug called a PARP inhibitor. PARP is a group of enzymes used by cells to repair damaged DNA. Olaparib suppresses PARP’s function, which inhibits DNA repair in cells with genetic DNA repair mutations such as BRCA1 or BRCA2. In many cases, this causes the cells with DNA repair mutations to die while sparing healthy cells.

The FDA approved olaparib for homologous recombination repair gene-mutated metastatic castration-resistant prostate cancer on May 19, 2020.

The research that supported this FDA approval was funded in part by the SU2C−Prostate Cancer Foundation Prostate Dream Team: Precision Therapy of Advanced Prostate Cancer.

The Dream Team focused on women’s cancers that contributed drug testing data was the SU2C PI3K Dream Team: Targeting the PI3K Pathway in Women’s Cancers.