Flatiron Health Announces Three Publications Studying a Feasible, Reliable, Scalable and Meaningful Real-World Progression Endpoint for Oncology Research

On August 22, 2019 Flatiron Health reported a series of three research publications that developed and evaluated a new approach to capture when a patient’s cancer has worsened based on information contained in the electronic health record (EHR) (Press release, Flatiron Health, AUG 22, 2019, View Source [SID1234538941]). These manuscripts illustrate the potential impact for research conducted from data collected as part of routine clinical care (real-world data).

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Cancer researchers and regulators, including the U.S. Food & Drug Administration, have typically relied on measurements from imaging tests to document cancer shrinkage or growth. When conducting research from real-world data, access to these radiology studies and measurements may be limited and another measure of disease status is needed. The authors define a new measure, "real-world progression," based on the documents contained in a patient’s chart that does not require the scans themselves. Results from these three studies provide the tools and evidence needed to generate high-quality data and facilitate interpretation of the evidence obtained from future real-world studies in oncology.

"Progression, or worsening of cancer, is one of the most important points in a cancer patient’s journey because it indicates the cancer is no longer controlled. For patients and their families, progression impacts everything from treatment side effects to vacation plans. For doctors, progression informs next steps in care and treatment decisions. For cancer researchers, progression identifies where we need to do better," said Dr. Rebecca Miksad, senior medical director at Flatiron Health. "Through this research, generating evidence from real-world datasets will help us achieve our goal of learning from the experience of patients treated in real-world settings."

Published in collaboration with the U.S. Food & Drug Administration (FDA), Genentech and Dana-Farber Cancer Institute in Advances in Therapy (May 2019), the first manuscript, "Generating real-world tumor burden endpoints from electronic health record data: Comparison of RECIST radiology-anchored and clinician-anchored approaches for abstracting real-world progression in non-small cell lung cancer," evaluates different methods to curate rwP from documents available in the EHR. Researchers found that applying strict radiology interpretation rules (called "RECIST") was not viable for assessing progression of cancer in patients treated outside of clinical trials, in the real world; however, capturing the doctor’s written assessment of the patient’s cancer status corroborated with radiologic evidence was both feasible and reliable for understanding when disease progressed in cancer patients treated in routine clinical settings.

A follow-up study, "Characterizing the feasibility and performance of real-world tumor progression end points and their association with overall survival in a large advanced non-small-cell lung cancer dataset," published in JCO Clinical Cancer Informatics (August 2019), with the FDA, Duke University, Dana-Farber and Genentech, tested this approach in the de-identified records of more than 30,000 patients with advanced non-small cell lung cancer (aNSCLC). Researchers tested curating rwP events from the EHR for a large group of patients treated in real-world settings and determined the length of time until a tumor worsened, both of which are fundamental treatment metrics in oncology. This approach that anchors to the clinician’s assessment of the patient’s cancer status proved to be meaningful and scalable for understanding disease progression in real-world patient cohorts large enough and recent enough to potentially impact clinical decision making.

After identifying the most effective approach to assessing rwP as an endpoint, investigators at Flatiron and the FDA sought to derive meaningful insights from a de-identified dataset. Building on prior research studies (see here and here), the third study in the rwP manuscript series, "Real-world progression, treatment, and survival outcomes during rapid adoption of immunotherapy for advanced non-small cell lung cancer," published in Cancer (August 2019), expands and deepens our understanding of how immunotherapy treatment impacts patients with aNSCLC treated in the real world by evaluating rwP-based outcomes. Notable findings from this manuscript include shifts in practice patterns in recent years, outcomes in patient groups underrepresented in clinical trials, and relationship of rwP events to the patient’s overall care and survival.

By enhancing our understanding of progression for cancer patients treated in the real-world, this research continues to develop a solid foundation for generating real-world evidence; research that may supplement and complement results from clinical trials and may help inform patient and clinician decision-making.

For a synthesis of our approach to our rwP research across all three publications, please see our blog post, "Is the Cancer Better or Worse? Our Journey to Curate Tumor Progression From the Electronic Health Record."

Flatiron Health is a healthcare technology and services company focused on accelerating cancer research and improving patient care. Our platform enables cancer researchers and care providers to learn from the experience of every patient. Currently, Flatiron partners with over 280 community cancer practices, seven major academic research centers and over 15 of the top therapeutic oncology companies. For more information, please visit www.flatiron.com or follow us @FlatironHealth.

Celyad Reports Half Year 2019 Financial Results and Second Quarter Business Highlights

On August 22, 2019 Celyad (Euronext Brussels and Paris, and NASDAQ: CYAD), a clinical-stage biopharmaceutical company focused on the development of CAR-T cell therapies, reported its consolidated financial results for the first half of 2019 and provided its second quarter business update (Press release, Celyad, AUG 22, 2019, View Source [SID1234538960]). The full interim financial report is available on Celyad’s website in the "Investors" section.

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Filippo Petti, CEO of Celyad commented"As we enter the second half of the year, we continue to execute on our strategic plan for becoming a leader in the field of CAR-T development. Over the past few months we have presented encouraging data from both our autologous and allogeneic NKG2D-based clinical candidates for the treatment of hematological malignancies and solid tumors. We also received positive feedback from the FDA regarding our proposal to utilize the OptimAb manufacturing process with CYAD-01 under the current IND. In addition, the FDA recently cleared the IND application for our next-generation NKG2D-based CAR-T candidate CYAD-02, another testiment of our team’s focus on operational excellence. We are excited about our recent achievements and look to build upon our momentum as we approach several clinical milestones expected over the next several months."

Second Quarter 2019 and Recent Business Highlights

In June, the Company announced a strategic update to its autologous relapse/refractory (r/r) acute myeloid leukemia (AML) and myelodysplastic syndromes (MDS) program, including that the U.S. Food and Drug Administration (FDA) accepted the Company’s proposal to utilize the OptimAb manufacturing process with CYAD-01 under the current Investigational New Drug (IND) application.

The OptimAb manufacturing process utilizes a shortened eight-day cell culture and incorporates a selective PI3K inhibitor. This results in a product that is enriched for T cells with a memory-like phenotype while maintaining the high level of manufacturing reliability required to support clinical development. Preclinical data demonstrate that CYAD-01 produced using the OptimAb manufacturing process drives improved anti-tumor activity in an aggressive AML model compared to CYAD-01 produced with the previous mAb manufacturing process.

Following additional assessment of the r/r AML and MDS program for CYAD-01, Celyad plans to treat the first patient using the recently accepted OptimAb manufacturing process for CYAD-01 in cohort 3 (300 million cells) of the Phase 1 DEPLETHINK trial.

The Company also announced that the FDA accepted the IND application for CYAD-02, a next-generation, autologous NKG2D-based CAR-T candidate, and permitted it to go into effect. CYAD-02 incorporates short hairpin RNA (shRNA) technology to target the NKG2D ligands MICA and MICB. The single shRNA modulates the expression of both ligands, which translates to encouraging increases in in vitro proliferation, in vivo engraftment and anti-tumor activity in preclinical studies. CYAD-02 also incorporates the OptimAb manufacturing process.

Regulated Information

Pipeline Updates

CYAD-01 – Autologous NKG2D-based CAR-T

The Company’s lead asset, CYAD-01 continues to advance in the Phase 1 THINK and DEPLETHINK clinical trials for the treatment of patients with relapsed/refractory (r/r) acute myeloid leukemia (AML) or myelodysplastic syndrome (MDS). In June, Celyad presented preliminary data at the European Hematology Association (EHA) (Free EHA Whitepaper) meeting that demonstrated that a denser schedule of infusions of CYAD-01 without preconditioning in Cohort 10 (Schedule Optimization) of the THINK trial was well tolerated and led to better time-averaged engraftment of the CAR-T cells compared to biweekly injections of CYAD-01 without preconditioning. Also at EHA (Free EHA Whitepaper), the Company reported that a single infusion of low dose CYAD-01 (100 million cells) following preconditioning chemotherapy consisting of cyclophosphamide and fludarabine was well-tolerated and led to better time-averaged engraftment of the CAR-T cells compared to the dose-escalation segment of the THINK trial.

In July, the Company also provided an update on CYAD-01 for the treatment of patients with metastatic colorectal cancer (mCRC) at the European Society for Medical Oncology (ESMO) (Free ESMO Whitepaper) 21st World Congress on Gastrointestinal Cancer (WCGIC) in Barcelona. Professor Dr. Eric Van Cutsem from the University Hospital of Leuven (Universitair Ziekenhuis Leuven, UZ Leuven) presented preliminary data from the ongoing Phase 1 SHRINK trial assessing safety and clinical activity of CYAD-01 infused concurrently with FOLFOX chemotherapy for the treatment of mCRC. Data from the trial showed the regimen to be generally well-tolerated and with initial observations of disease control.

CYAD-101 – Allogeneic NKG2D-based CAR-T

Celyad’s first-in-class, non-gene edited clinical candidate CYAD-101 continues to advance in the alloSHRINK Phase 1 trial. At the 21st ESMO (Free ESMO Whitepaper)-WCGIC, the Company presented preliminary data from the ongoing alloSHRINK trial assessing safety and clinical activity of CYAD-101 administered concurrently with FOLFOX chemotherapy in patients with relapsed or refractory mCRC. Preliminary data showed no clinical evidence of Graft-versus-Host Disease post-infusion of allogeneic candidate CYAD-101. In addition, the regimen demonstrated encouraging anti-tumor activity with one patient experiencing a partial response and three patients experiencing stable disease at the three-month assessment.

CYAD-200 Series – shRNA-based Allogeneic CAR-Ts

The Company continues to pursue the development of the proprietary non-gene edited allogeneic shRNA SMARTvector platform and progress towards the IND applications for the CYAD-200 series of shRNA-based allogeneic CAR-T candidates, including CYAD-211, the Company’s CAR-T therapy targeting B-cell maturation antigen (BCMA) for the treatment of multiple myeloma.

Regulated Information

Key Upcoming Milestones

Treatment of the first patient with CYAD-01 (300 million cells) produced with the OptimAb manufacturing process in the Phase 1 DEPLETHINK trial is expected by the end of September

Results from Cohort 11 (Schedule Optimization) of THINK Phase 1 trial and Cohort 3 of DEPLETHINK Phase 1 trial evaluating CYAD-01 produced with the mAb manufacturing process for the treatment of r/r AML and MDS are anticipated by year-end 2019

Additional results from the dose-escalation Phase 1 alloSHRINK trial evaluating CYAD-101 for the treatment of mCRC are anticipated by year-end 2019

Initiation of the Phase 1 dose-escalation trial evaluating CYAD-02, following preconditioning chemotherapy, for the treatment of r/r AML and MDS is expected in early 2020

Submission of IND application for CYAD-211 (shRNA-based allogeneic BCMA CAR-T candidate) for the treatment of patients with multiple myeloma is anticipated during first half 2020

First Half 2019 Financial Review

The Company ended the quarter with a treasury position of €33.7 million ($38.3 million). Net cash burn over the first half of 2019 amounted to €16.1 million, in line with our financial planning. The Company confirms its previous position that its treasury position should be sufficient, based on the current scope of activities, to fund operating and capital expenditure requirementsuntil mid-2020.

Key financial figures for the first six months of 2019 compared with the same period of the previous year are summarized below:

Treasury position’ is an alternative performance measure determined by adding Short-term investments and Cash and cash equivalents from the statement of financial position prepared in accordance with IFRS.

The Company’s license and collaboration agreements have generated no revenue in the first half of 2019 compared to €2.5 million during first half 2018. Research and Development expenses totalled €12.7 million during first half 2019, a €1.6 million increase compared to first half 2018, driven by increased spending related to our key clinical studies for CYAD-01 and CYAD-101 as well as an increased spending associated with the development of our allogeneic platform (CYAD-200 series). Over the same period, General and Administrative expenses were €4.5 million for first half 2019, a decrease of €1.0 million compared to first half 2018, driven primarily by the decrease of non-cash expense associated with the vesting of warrants and by lower consulting fees for the period.

www.celyad.com | 3

Press Release

22 August 2019

10:00 pm CEST

Regulated Information

The Company’s other income/other expenses mainly include non-cash expenses relating to liability reassessment required by International Financial Reporting Standards (IFRS) related to the advancement in the Company’s NKG2D-based CAR-T candidates. Overall, the Company has posted €0.4 million in net income for first half 2019, against a €3.9 million net loss for first half 2018.

Due to the increase in net income, the Company’s loss for the period decreased to €16.0 million for the first half 2019 compared to €18.5 million for the first half of 2018.

Net operational cash burn, which excludes non-cash effects, was €16.1 million for first half 2019, compared to €13.9 million for first half 2018, driven primarily by an increase in Research and Development spend as described above.

Conference Call and Webcast Details

Celyad will host a conference call on Friday, 23 August at 2:00 pm CEST / 8:00 am EDT accessible through the following numbers:

Belgium +32 (0) 24 01 70 35
France +33 (0)1 76 72 89 28
United States: +1 917 720 0181
International: +44 (0) 2071 928501
Conference ID: 3547725
The event will also be archived and available on the "Events & Webcasts" section of the Company’s website.

Financial Calendar

Third quarter 2019 business update November 19, 2019
Full-year results 2019 March 25, 2020
Annual shareholders meeting May 5, 2020

bluebird bio Announces Investor Events in September

On August 22, 2019 bluebird bio, Inc. (Nasdaq: BLUE) reported that members of the management team will present at the following upcoming investor conferences in September (Press release, bluebird bio, AUG 22, 2019, View Source [SID1234538942]):

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Citi 14th Annual Biotech Conference, Wednesday, September 4, at 8:00 a.m. ET at the Four Seasons Boston, Boston, MA
Morgan Stanley 17th Annual Global Healthcare Conference, Wednesday, September 11, at 10:30 a.m. ET at the Grand Hyatt, New York City
To access the live webcasts of bluebird bio’s presentations, please visit the "Events & Presentations" page within the Investors & Media section of the bluebird bio website at View Source Replays of the webcasts will be available on the bluebird bio website for 90 days following the events.

Clovis Oncology Announces Exercise by Initial Purchasers of Their Option to Purchase an Additional $13.0 Million Aggregate Principal Amount of the Company’s 4.50% Convertible Senior Notes Due 2024

On August 22, 2019 Clovis Oncology, Inc. (NASDAQ: CLVS) reported that the initial purchasers of the previously announced offering of the Company’s 4.50% Convertible Senior Notes due 2024 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, have elected to exercise their option to purchase an additional $13.0 million aggregate principal amount of the notes (Press release, Clovis Oncology, AUG 22, 2019, View Source [SID1234538943]). The settlement of the option is expected to occur on August 23, 2019, subject to customary closing conditions. Following the closing, there will be a total of $263.0 million aggregate principal amount of the notes outstanding.

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Clovis Oncology intends to use the net proceeds from the exercise of this option for general corporate purposes, including sales and marketing expenses associated with Rubraca (rucaparib), funding of Clovis Oncology’s development programs, payment of milestones pursuant to Clovis Oncology’s license agreements, general and administrative expenses, acquisition or licensing of additional product candidates or businesses, repurchase or repayment of other debt obligations and working capital.

The offer and sale of the notes and the shares of common stock issuable upon conversion of the notes have not been registered under the Securities Act or any state securities laws and, unless so registered, the notes and any such shares may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor will there be any sale of notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Five Prime Therapeutics to Present at Upcoming Healthcare Conference

On August 22, 2019 Five Prime Therapeutics, Inc. (NASDAQ: FPRX), a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics reported that Aron Knickerbocker, Chief Executive Officer, is scheduled to present at the following healthcare conference (Press release, Five Prime Therapeutics, AUG 22, 2019, View Source [SID1234538944]):

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The 2019 Wells Fargo Healthcare Conference on Thursday, September 5th at 9:10am ET / 6:10am PT.
The presentations will be webcast and may be accessed at the "Events & Presentations" section of the Company’s website at: View Source Five Prime will maintain an archived replay of the webcast on its website for 30 days after the conference.