Natera Launches BESPOKE CRC Study to Evaluate Outcomes in 1,000 Signatera™ Patients with Stage II-III Colorectal Cancer

On January 9, 2020 Natera, Inc. (NASDAQ: NTRA) a global leader in cell-free DNA testing, reported a nationwide multi-center registry study called BESPOKE CRC for patients diagnosed with Stage II-III colorectal cancer (CRC) (Press release, Natera, JAN 9, 2020, View Source [SID1234552961]). The study’s objective is to measure the clinical impact of serial blood-based testing with Signatera, Natera’s personalized and tumor-informed test for molecular residual disease (MRD) assessment, earlier relapse detection, and better patient risk stratification after surgery.

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The BESPOKE CRC study will prospectively enroll 1,000 or more patients at time of surgery. Signatera testing will be performed multiple times in the first 6 months after surgery to help inform the need for adjuvant chemotherapy, and then approximately every 3 months in the surveillance setting to detect relapse early and enable more curative interventions. Patients will be followed for up to two years, to measure treatment changes and patient outcomes. The study will begin enrollment in early 2020, and it is expected to complete in 2023.

"Signatera offers a tremendous opportunity to reduce unnecessary treatment and improve long-term outcomes in patients with early-stage colorectal cancer," said Alexey Aleshin, M.D., M.B.A., Natera’s Senior Medical Director of Oncology. "We believe the BESPOKE study will help establish basic clinical protocols that will eventually become the standard of care worldwide."

In published validation studies, Signatera detected relapse in patients with Stage II-III CRC up to 16.5 months earlier (average 8.7 months earlier) than standard diagnostic tools including CT imaging and CEA.1 In May 2019, the FDA designated Signatera as a Breakthrough Device, and in August 2019, Medicare proposed to cover its use in select patients diagnosed with Stage II or Stage III colorectal cancer. There are estimated to be 145,600 new CRC diagnoses per year in the U.S., and more than one million CRC survivors.2

About Signatera
Signatera is a custom-built circulating tumor DNA (ctDNA) test for treatment monitoring and molecular residual disease (MRD) assessment in patients previously diagnosed with cancer. The test is available for clinical and research use, and in 2019 it was granted Breakthrough Device Designation by the FDA. The Signatera test is personalized and tumor-informed, providing each individual with a customized blood test tailored to fit the unique signature of clonal mutations found in that individual’s tumor. This maximizes accuracy for detecting the presence or absence of residual disease in a blood sample, even at levels down to a single tumor molecule in a tube of blood. Unlike a standard liquid biopsy, Signatera is not intended to match patients with any particular therapy; rather it is intended to detect and quantify how much cancer is left in the body, to detect recurrence earlier and help optimize treatment decisions. Signatera test performance has been clinically validated in multiple cancer types including colorectal, non-small cell lung, breast, and bladder cancers.

Signatera was developed by Natera, Inc. a laboratory certified under the Clinical Laboratory Improvement Amendments (CLIA). This test has not been cleared or approved by the U.S. Food and Drug Administration (FDA). Although FDA does not currently clear or approve laboratory-developed tests in the U.S., certification of the laboratory is required under CLIA to ensure the quality and validity of the tests.

Chugai Announces Global Licensing Agreement with Verastem Oncology for RAF/MEK Inhibitor CKI27

On January 9, 2020 Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) reported that the Company entered into a global licensing agreement with Verastem Oncology (Nasdaq: VSTM) regarding CKI27 (CH5126766), an investigational anticancer agent under development by Chugai for solid tumors (Press release, Chugai, JAN 9, 2020, View Source [SID1234552891]).

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Phase I studies mainly initiated by investigators are ongoing in solid tumors including non-small cell lung cancer, ovarian cancer and colorectal cancer to investigate CKI27 both as monotherapy and combination therapy with other anticancer agents.

Under this agreement, Chugai will grant Verastem an exclusive worldwide license to manufacture, develop and commercialize CKI27. In return for the license, Chugai will receive an upfront fee of USD three million. If the compound is successfully launched as an approved pharmaceutical product, Chugai will also receive royalty payments from Verastem.

"We are delighted to have concluded a worldwide license agreement of CKI27 with Verastem, an expert in oncology" said Dr. Hisafumi Okabe, Chugai’s Executive Vice President, General Manager of Translational Research Division. "We hope the development of CKI27 by Verastem will accelerate in order to deliver a new treatment option to cancer patients as soon as possible."

Bio-Techne To Host Conference Call On February 4, 2020 To Announce Second Quarter 2020 Financial Results

On January 9, 2020 Bio-Techne Corporation (NASDAQ: TECH) reported that management will host a conference call on Tuesday, February 4, 2020, at 8:00 a.m. CST to review second quarter 2020 financial results (Press release, Bio-Techne, JAN 9, 2020, https://investors.bio-techne.com/news/detail/171/bio-techne-to-host-conference-call-on-february-4-2020-to-announce-second-quarter-2020-financial-results [SID1234552918]).

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Access to the discussion may be obtained as follows:

Time:

8:00 a.m. CST

Date:

February 4, 2020

Dial-in:

1-800-289-0438 or 1-323-794-2423 (for international callers)

Conference ID:

2359733

A recorded rebroadcast will be available for interested parties unable to participate in the live conference call by dialing 1-844-512-2921 or 1-412-317-6671 (for international callers) and referencing Conference ID 2359733 or by going to:

View Source

The replay will be available from 11:00 a.m. CST on Tuesday, February 4, 2020 until 11:00 p.m. CST on Wednesday, March 4, 2020.

Pacira BioSciences Reports Full-Year 2019 Preliminary Revenue of $421.0 Million

On January 9, 2019 Pacira BioSciences, Inc. (NASDAQ: PCRX), a leading provider of innovative non-opioid pain management options, reported preliminary unaudited net revenue of $421.0 million for 2019, a 25% increase compared with net revenue of $337.3 million reported for 2018 (Press release, Pacira Pharmaceuticals, JAN 9, 2020, View Source [SID1234552929]). Preliminary fourth quarter net revenues were $122.4 million in 2019, as compared with $95.1 million in 2018.

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"2019 was a year of outstanding results led by strong EXPAREL (bupivacaine liposome injectable suspension) revenue growth as it becomes a critical mainstay of anesthesiologists’ opioid-sparing strategies for a wide range of soft tissue and orthopedic procedures. In addition, we successfully advanced the initial commercial rollout of iovera°, which we believe positions us to become the preferred provider of opioid-sparing pain management for both inpatient and ambulatory surgeries," said Dave Stack, chairman and chief executive officer of Pacira BioSciences. "As we look ahead to 2020 and beyond, we expect continued topline growth to drive substantial operating leverage and cash flow, providing us with significant financial flexibility to capitalize on internal and external growth opportunities that support our global leadership position in innovative, non-opioid pain management."

2019 Full Year & Fourth Quarter Revenue Highlights

• Fourth quarter net product sales of EXPAREL/bupivacaine liposome injectable suspension were $118.6 million in 2019, compared to $94.7 million in 2018.
• Fourth quarter EXPAREL net product sales were $116.9 million in 2019, compared to $94.4 million in 2018. Sales of bupivacaine liposome injectable suspension to a third-party licensee for use in veterinary practice were $1.7 million in 2019, compared to $0.3 million in 2018.
• Full-year EXPAREL net product sales were $407.9 million in 2019, compared to $331.1 million in 2018. Sales of bupivacaine liposome injectable suspension to a third-party licensee for use in veterinary practice were $3.2 million in 2019, compared to $1.3 million in 2018.
• Fourth quarter iovera° net product sales were $3.2 million in 2019. Full-year iovera° net product sales were $7.9 million in 2019. Pacira began recognizing sales of iovera° in April 2019 after completing its acquisition of MyoScience, Inc., a privately held medical technology company.
• Fourth quarter royalty revenue was $0.6 million and full-year was $2.1 million; compared to $0.4 million and $1.9 million in 2018, respectively.
• The company’s 2019 financial guidance was as follows: EXPAREL net product sales in the range of $400 million to $410 million and iovera° net product sales in the range of $8 million to $10 million.

The financial information included in this press release is preliminary, unaudited and subject to adjustment. It does not present all information necessary for an understanding of the company’s fourth

quarter and full-year financial results for 2019. Pacira expects to report its complete financial results for the fourth quarter and full-year 2019, along with financial guidance for 2020, in the first quarter of 2020.

BD Announces Live Webcast Of First Fiscal Quarter Earnings Conference Call

On January 9, 2020 BD (Becton, Dickinson and Company) (NYSE:BDX) reported that it will conduct a live webcast of its first fiscal quarter 2020 earnings conference call on Thursday, February 6, 2020, at 8:00 a.m. (ET) (Press release, BD Pharmaceutical Systems, JAN 9, 2020, View Source [SID1234552945]). BD will issue a press release detailing the quarter’s earnings earlier that morning.

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The webcast of the conference call, along with related slides, will be accessible through BD’s website at www.bd.com/investors and will be available for replay through Thursday, February 13, 2020.