Peptomyc appoints Manuela Niewel, M.D. as Chief Medical Officer

On September 26th, 2019 Peptomyc S.L., a biotech company specialized in the development of protein and peptide therapeutics for cancer treatment, reported it has appointed Manuela Niewel, M.D., as Chief Medical Officer (CMO) (Press release, Peptomyc, SEP 26, 2019, View Source [SID1234555332]). Dr. Niewel will assume responsibility for leading Peptomyc’s overall clinical development, regulatory and medical affairs activities.

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«We are very excited to have Manuela joining us and we warmly welcome her to Peptomyc. With her compassion for patients, her expertise in drug development in oncology and her clear leadership skills, she will definitely be a very strong asset in our team,» saidLaura Soucek, co-founder and CEO of Peptomyc.

Dr Niewel is an MD educated oncologist, who has focused nearly her entire career within the Oncology space, from first in men through registration of oncology drugs. She started as a resident within Oncology hospitals in Germany, working very closely with cancer patients. She then moved into the industry to focus her work within the Clinical Development setting. She joins Peptomyc from Rigontec, a start-up biotech acquired by Merck Sharp & Dohme in October 2017 for up to 464 M€ (shorturl.at/yKY03), where she served as Senior Vice President for Clinical Development since 2015, bringing their compound very quickly and successfully into the clinic. Dr. Niewel also acted as a clinical development consultant for several biotech companies and held Senior Medical Director positions at Chiltern International and Pharmanet, and led Clinical Research groups at PFK Oncology Services, Nycomed and Synthelabo Research. She obtained her M.D. diploma and doctoral degree at the University Munich and her Diploma in Pharmaceutical Medicine at DGPharMed Munich, Germany.

"As an oncologist and drug developer, I am very excited at having the opportunity to lead the clinical development of Omomyc, which acts against a target still considered undruggable" said Manuela Niewel, who also added: "I am very pleased about being part of this dedicated and dynamic team focused on advancing a promising treatment option for many underserved patients".

Dr. Niewel joins Peptomyc at a crucial time, as the company is preparing for a phase

I/II clinical study with its first-in-class anti-MYC lead compound, OMO103. "We are convinced that Manuela’s deep experience in innovative drug development and valuable input to our clinical development plan and regulatory strategy will contribute to the successful implementation of our clinical trials in 2020", adds Marie-Eve Beaulieu, co-founder and CSO of the company.

Peptomyc is currently completing its pre-clinical safety studies with OMO103, its first-in-class peptide compound against MYC, an oncoprotein deregulated in most –if not all- types of cancer. OMO103 has demonstrated its anti-tumor activity in multiple types of mouse models of cancer. The company’s prime focus areas are Non-Small-Cell Lung Cancer and Triple Negative Breast Cancer, but Peptomyc’s products could in the future apply to many more indications that still represent significant unmet needs within the oncology field.

About Peptomyc

Peptomyc is a spin-off from VHIO – the Vall d’Hebron Institute of Oncology – and ICREA – the Catalan Institute of Research and Advanced Studies -, in Barcelona, Spain.

It develops peptide therapeutics for the treatment of cancer patients. Its lead compound, OMO103, is a cell penetrating peptide against MYC, one of the most-wanted targets in cancer therapy, for which no inhibitor is available in the clinic yet. Phase I/II clinical trials testing safety and efficacy of OMO103 are planned to begin in 2020, with a specific focus on Non-Small-Cell Lung Cancer and Triple Negative Breast Cancer patients. Peptomyc counts on the support of private funding by Alta Life Sciences, Healthequity and business angels, and public grants (such as a recent SME Instrument Phase II by the European Commission, or the ENISA loan, from the Spanish Government’s Ministry of Industry, Commerce and Tourism).

Entry into a Material Definitive Agreement

On September 26, 2019 On September 26, 2019, XOMA (US) LLC (the "Company"), a wholly-owned subsidiary of XOMA Corporation, reported that it has entered into a royalty purchase agreement (the "Purchase Agreement") with Palo Biofarma, S.L. ("Palo"), a company organized and existing under the laws of Spain (Filing, 8-K, Xoma, SEP 26, 2019, View Source [SID1234552230]). Pursuant to the Purchase Agreement, the Company acquired the rights to potential royalty payments in low single digit percentages of aggregate Net Sales (as defined in the Purchase Agreement) associated with six drug candidates in various clinical development stages, targeting the adenosine pathway with potential applications in solid tumors, asthma/chronic obstructive pulmonary disease, inflammatory bowel disease, idiopathic pulmonary fibrosis, lung cancer, psoriasis and nonalcoholic steatohepatitis and other indications (the "Licensed Products") that are being developed by Palo. Novartis Pharma AG is a development partner on one of the Licensed Products (the "Licensee") and such Licensed Product is being developed pursuant to a license agreement between Palo and the Licensee.

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Under the terms of the Purchase Agreement, the Company will pay Palo $10 million (the "Payment") for the rights to potential royalty payments on future sales of the Licensed Products. The Company plans to partially finance the Payment by drawing a $5 million term loan under its Loan and Security Agreement with Silicon Valley Bank dated May 7, 2018, as amended on March 4, 2019, as previously filed as an exhibit to the Company’s Quarterly Reports on Form 10-Q for the three month period ending June 30, 2018 and the three month period ending March 31, 2019.

The Purchase Agreement also contains customary representations, warranties, covenants and indemnities. The Purchase Agreement will terminate six (6) months following the full satisfaction of any amounts due under any of the License Agreements (as defined in the Purchase Agreement) and receipt by the Company of all payments to which it is entitled under the Purchase Agreement.

The description of the Purchase Agreement contained herein does not purport to be complete, and is qualified in its entirety by reference to such Purchase Agreement, together with the exhibits thereto, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2019.

Checkpoint Therapeutics to Present at the 2019 Cantor Fitzgerald Global Healthcare Conference

On September 26, 2019 Checkpoint Therapeutics, Inc. ("Checkpoint") (NASDAQ: CKPT), a clinical-stage immuno-oncology biopharmaceutical company focused on the acquisition, development and commercialization of novel treatments for patients with solid tumor cancers, reported that James F. Oliviero, President and Chief Executive Officer, will present a company overview at the 2019 Cantor Fitzgerald Global Healthcare Conference on Friday, October 4, 2019, at 11:15 a.m. EDT (Press release, Checkpoint Therapeutics, SEP 26, 2019, View Source [SID1234539815]). The conference will be held at the InterContinental New York Barclay Hotel in New York City.

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A live webcast of the presentation will be available on the Events page of the Investors & Media section of Checkpoint’s website: www.checkpointtx.com. An archived replay of the webcast will be available for approximately 30 days following the presentation.

Alkermes to Present at the Cantor Fitzgerald Global Healthcare Conference

On September 26, 2019 Alkermes plc (Nasdaq: ALKS) reported that management will participate in a fireside chat at the Cantor Fitzgerald Global Healthcare Conference on Thursday, Oct. 3, 2019 at 7:45 a.m. ET (12:45 p.m. BST) from New York (Press release, Alkermes, SEP 26, 2019, View Source [SID1234539832]). The audio portion of the fireside chat may be accessed under the Investors tab on www.alkermes.com and will be archived for 14 days.

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Constellation Pharmaceuticals to Present at Cantor Global Healthcare Conference

On September 26, 2019 Constellation Pharmaceuticals, Inc. (Nasdaq: CNST), a clinical-stage biopharmaceutical company using its expertise in epigenetics to discover and develop novel therapeutics, reported that Jigar Raythatha, CEO, will present at the Cantor Global Healthcare Conference in New York at 12:35 PM EDT on Friday, October 4 (Press release, Constellation Pharmaceuticals, SEP 26, 2019, View Source [SID1234539816]). A live audio webcast of this presentation and an archive for replay will be available on the Investor Relations section of Constellation’s website at View Source The audio webcast replay will be available for 90 days following the live presentation.

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