PTC Therapeutics to Host Conference Call to Discuss Fourth Quarter and Year-End 2019 Financial Results

On February 17, 2020 PTC Therapeutics, Inc. (NASDAQ: PTCT) reported that the Company will host a webcast conference call to report its fourth quarter and year-end 2019 financial results and provide an update on the company’s business and outlook on Monday, March 2, 2020 at 4:30 p.m. (ET) after the closing of the market (Press release, PTC Therapeutics, FEB 17, 2020, https://www.prnewswire.com/news-releases/ptc-therapeutics-to-host-conference-call-to-discuss-fourth-quarter-and-year-end-2019-financial-results-301006141.html [SID1234554399]).

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The call can be accessed by dialing (877) 303-9216 (domestic) or (973) 935-8152 (international) five minutes prior to the start of the call and providing the passcode 1732477. A live, listen-only webcast of the conference call can be accessed on the investor relations section of the PTC website at www.ptcbio.com. A webcast replay of the call will be available approximately two hours after completion of the call and will be archived on the company’s website for 30 days following the call.

Targeting turncoat immune cells to treat cancer

On February 17, 2020 A Ludwig Cancer Research reported that study has identified a mechanism by which regulatory T cells, which suppress immune responses, adapt their metabolism to thrive in the harsh microenvironment of the tumor (Press release, Ludwig Institute For Cancer Research, FEB 17, 2020, View Source [SID1234554428]). This mechanism, the study finds, is exclusively engaged by regulatory T cells (Tregs) that reside in tumors and could be disrupted to selectively target such Tregs and boost the effects of cancer immunotherapy.

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"It has long been known that the Tregs found in tumors protect cancer cells from immune attack, so countering Tregs would be an important strategy for cancer immunotherapy," says Ping-Chih Ho, associate member of the Lausanne Branch of the Ludwig Institute for Cancer Research, who led the study. "But a major hurdle to such interventions is that the systemic suppression of Treg activity can cause severe autoimmune reactions. We have discovered a potential approach to overcoming that problem, one that selectively targets Tregs in tumors and could therefore prevent such adverse effects."

Tregs play a critical role in healthy tissues, where they prevent autoimmune disease and aid wound-healing. But, when recruited into tumors, Tregs also thwart anti-cancer immune responses—and immunotherapy. The current study, published in Nature Immunology, identifies a protein that drives the metabolic adaptations of intratumoral Tregs. The researchers show in a mouse model of melanoma that targeting that protein with an antibody significantly boosts the efficacy of immunotherapy without causing autoimmune side effects.

The cores of tumors are often acidic and starved of oxygen and vital nutrients, which forces resident cells to adapt their metabolism to survive. Ho and graduate student Haiping Wang suspected those adaptations might also reveal vulnerabilities unique to intratumoral Tregs. To find those vulnerabilities, they analyzed a dataset of Treg gene expression in breast tumors and blood compiled a few years ago by the laboratory of Ludwig MSK Director Alexander Rudensky.

They found that those and other intratumoral Tregs expressed high levels of genes involved in lipid uptake and metabolism—particularly CD36, a receptor involved in lipid import. An analysis of Tregs from human melanoma patients conducted by Ludwig Memorial Sloan Kettering (MSK) researchers Taha Merghoub and Jedd Wolchok yielded similar results.

To explore the role of CD36 in intratumoral Tregs, the researchers generated mice that lacked the CD36 gene only in their Treg cells and engrafted them with melanoma. "We found that the tumor burden was reduced in CD36-deficient mice," says Wang, "and the number and functionality of Tregs declined only within tumors, not in the other, healthy tissues of the mice."

CD36 deficiency induced in intratumoral Tregs a form of cell suicide known as apoptosis that was driven by a decline in the health and number of mitochondria—the power generators of cells. Further study revealed that CD36 fuels the activity of PPARβ, a protein essential to the genesis and function of mitochondria.

Treating mice bearing melanoma tumors with an antibody to CD36 resulted in a decline of intratumoral Tregs that was not seen in genetically identical control mice. When this antibody was combined with an immunotherapy known as PD-1 blockade, which stimulates a T cell attack on cancer cells, tumor growth slowed significantly, prolonging the survival of the mice.

"By targeting CD36 with an antibody, we don’t just create trouble for intratumoral Tregs, we also create trouble for the tumor’s ability to maintain an immunosuppressive microenvironment and hamper immunotherapy," says Ho.

Ho’s lab is now working to translate these findings into a potential cancer therapy while exploring how CD36-targeting might be combined with other interventions to more extensively disable Tregs selectively within tumors. They are also exploring which other types of solid tumors harbor Tregs that are dependent on CD36 for survival.

This study was supported by Ludwig Cancer Research, the Swiss Cancer Foundation, the Swiss Institute for Experimental Cancer Research, the European Research Council, the Cancer Research Institute, the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper), the US National Institutes of Health, the Research Foundation—Flanders, the Swiss Cancer Research Foundation, Swim Across America, the Parker Institute for Cancer Immunotherapy and the Breast Cancer Research Foundation.

Arix Bioscience plc : Imara Files for Proposed Initial Public Offering in the United States

On February 17, 2020 Arix Bioscience plc (LSE: ARIX) ("Arix Bioscience"), a global venture capital company focused on investing in and building breakthrough biotech companies, reported that one of its portfolio companies, Imara Inc., ("Imara"), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering ("IPO") in the United States of shares of its common stock (Press release, Arix Bioscience, FEB 17, 2020, View Source;imara-files-for-proposed-initial-public-offering-in-the-united-states-301005809.html [SID1234554400]). All shares to be sold in the offering will be offered by Imara. Imara has applied to list its common stock on the Nasdaq Global Market under the ticker symbol "IMRA". The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. A further announcement will be made in due course.

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A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The securities referred to in this release are to be offered only by means of a prospectus. When available, copies of the preliminary prospectus can be obtained from Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Dept.; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717 or by telephone at (800) 831-9146; or SVB Leerink, One Federal Street, 37th Floor, Boston, Massachusetts, 02110, Attention: Syndicate Department, by telephone at (800) 808-7525, ext. 6132, or by email at [email protected].

This announcement includes information that is inside information as defined in Article 7 of the Market Abuse Regulation (EU) No.596/2014.The person responsible for arranging for the release of this announcement on behalf of Arix Bioscience plc is Robert Lyne, General Counsel.

LaVoieHealthScience Executive Panel Presents “An Unvarnished Look at J.P. Morgan Week 2020”

On February 16, 2020 LaVoieHealthScience (LHS), an integrated investor and public relations consulting agency focused on advancing health and science innovations, reported it is hosting a breakfast panel featuring senior health and investment executives titled, An Unvarnished Look at J.P. Morgan Week 2020, from 8:30 to 10:30 a.m. on Thursday, Dec. 19, 2019 at the Royal Sonesta in Cambridge, MA (Press release, LaVoieHealthScience, FEB 16, 2020, View Source [SID1234554505]).

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The panel is designed for CXOs, senior BD and communications executives at health companies to prepare them for and provide insights into the collection of biotech conferences held during the week of the J.P. Morgan 38th Annual Healthcare Conference, Jan. 12-16 in San Francisco. Panelists will examine the value of attending JPM Week, sharing in-depth insights based on personal experience.

Moderated by Donna LaVoie, President and CEO of LHS, the panel includes industry leaders:

Chris Garabedian, Chairman and CEO, Xontogeny, and Portfolio Manager, Venture for Perceptive Advisors
Daphne Zohar, Founder and CEO, PureTech Health
Milenko Cicmil, VP, Global Head of External Innovation & Partnering, Ipsen
Jon Civitarese, Managing Director, Investment Banking, SVB Leerink LLC
Topics to be discussed include:

The evolution of the J.P. Morgan Healthcare Conference
JPM Week 101: Who goes and why?
Is attending worth your company’s time and expense?
What is the value for large pharma companies versus smaller, private companies?
What is the best way to leverage JPM Week to tell an investable story that builds value?
Is it a good time to announce news? What kind of news matters?
Registration, breakfast and networking begin at 8:30 a.m., the panel discussion begins at 9 a.m. and a Q&A session will follow from 10 to 10:30 a.m.

MIRATI THERAPEUTICS ANNOUNCES INITIAL DATA IN RENAL CELL CARCINOMA FROM ONGOING INVESTIGATOR SPONSORED CLINICAL TRIAL OF SITRAVATINIB IN COMBINATION WITH NIVOLUMAB AT THE 2020 ASCO GENITOURINARY CANCERS SYPOSIUM

On February 15, 2020 Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical stage targeted oncology company, reported the presentation of initial data from an ongoing investigator sponsored Phase 1/2 clinical trial of sitravatinib in combination with nivolumab (OPDIVO) in patients with advanced clear cell renal cell cancer (aCCRCC) who have documented progression on a prior VEGF-targeted therapy (Press release, Mirati, FEB 15, 2020, View Source [SID1234554378]). The data were presented today in an oral abstract presentation by Pavlos Msaouel, M.D., Ph.D., Assistant Professor, Department of Genitourinary Medical Oncology, Division of Cancer Medicine, The University of Texas MD Anderson Cancer Center, at the 2020 ASCO (Free ASCO Whitepaper) Genitourinary Cancers Symposium in San Francisco, CA.

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"The initial efficacy data from the Phase 1/2 clinical trial presented today demonstrates encouraging durable responses, when compared with progression-free survival rates expected with nivolumab alone in aCCRCC patients that progressed on prior VEGF-targeted therapy," said Charles M. Baum, M.D., Ph.D., President and Chief Executive Officer of Mirati. "These data indicate the potential range of extended clinical benefit beyond checkpoint refractory non-small cell lung cancer and metastatic urothelial cancer."

As of the data cut-off date of January 1, 2020, 38 out of 40 patients enrolled were evaluable for response at greater than 12 weeks on therapy:

15/38 (39%) patients achieved a confirmed partial response (PR) including one PR that has improved to an unconfirmed complete response (CR)
35/38 (92%) patients achieved clinical benefit (combination of stable disease plus PR plus CR)
Initial median progression-free survival (PFS) was 10.3 months
Median overall survival (OS) has not yet been reached (median follow-up was 17.7 months) with 30/38 patients (79%) still on study as of the data cut-off date.
The combination has been well-tolerated with manageable adverse events.

About Sitravatinib

Sitravatinib is a spectrum-selective kinase inhibitor that potently inhibits receptor tyrosine kinases (RTKs), including TAM family receptors (TYRO3, Axl, Mer), split family receptors (VEGFR2, KIT) and RET. As an immuno-oncology agent, sitravatinib is being evaluated in combination with nivolumab (OPDIVO), an anti-PD-1 checkpoint inhibitor, in patients whose cancers have progressed despite treatment with a checkpoint inhibitor. Sitravatinib’s potent inhibition of TAM and split family RTKs may overcome resistance to checkpoint inhibitor therapy through targeted reversal of an immunosuppressive tumor microenvironment, enhancing antigen-specific T cell response and expanding dendritic cell-dependent antigen presentation.