IDEAYA Biosciences Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

On May 28, 2019 IDEAYA Biosciences, Inc. (Nasdaq:IDYA) reported the closing of its initial public offering of 5,750,000 shares of common stock at a public offering price of $10.00 per share (Press release, Ideaya Biosciences, MAY 28, 2019, View Source [SID1234536615]). The gross proceeds from the offering were $57.5 million before deducting underwriting discounts, commissions and estimated offering expenses. This includes the exercise in full by the underwriters of their option to purchase up to 750,000 additional shares of common stock from the company at the public offering price, less underwriting discounts and commissions. All of the shares of common stock were offered by IDEAYA Biosciences. The shares commenced trading on the Nasdaq Global Select Market on May 23, 2019, under the ticker symbol "IDYA".

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

J.P. Morgan, Citigroup and Jefferies acted as joint book-running managers for the offering.

A registration statement relating to the shares being sold in this offering was declared effective by the Securities and Exchange Commission on May 22, 2019. The offering is being made only by means of a prospectus, copies of which may be obtained from: J.P. Morgan, by mail at J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, or by email at [email protected]; Citigroup, by mail at Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-800-831-9146; or Jefferies, by mail at Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-547-6340 or 877-821-7388, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Integral Molecular Reaches Milestone in Immuno-Oncology Target Discovery Collaboration with Daiichi Sankyo

On May 28, 2019 Integral Molecular, the industry leader in discovering antibodies against multipass membrane proteins, reported that it has successfully reached the first milestone in its collaboration with Daiichi Sankyo Co., Ltd. to discover new immuno-oncology (I-O) therapeutic targets (Press release, Integral Molecular, MAY 28, 2019, https://www.integralmolecular.com/integral-molecular-reaches-milestone-in-immuno-oncology-target-discovery-collaboration-with-daiichi-sankyo/ [SID1234536599]). Integral Molecular utilized its Membrane Proteome Array (MPA) platform to find novel protein targets that can regulate the human immune system’s ability to recognize and destroy cancer cells. Daiichi Sankyo will use the newly identified targets to develop new therapeutics.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"We have enjoyed working with Daiichi Sankyo and we are very pleased to reach our first milestone," said Ben Doranz, President and CEO of Integral Molecular. "The success of our collaboration highlights the powerful target discovery capabilities of our MPA platform."

Integral Molecular has previously identified multiple novel therapeutic targets using its MPA platform. The platform is centered around an array of 5,300 human membrane proteins expressed in live, unfixed cells for binding and functional assays. Integral Molecular currently has target discovery programs in I-O, infectious disease, and neurodegeneration.

ORIC Pharmaceuticals to Present at the Jefferies 2019 Healthcare Conference

On May 28, 2019 ORIC Pharmaceuticals, a privately held, clinical-stage oncology company focused on making cancer treatments more effective by addressing mechanisms of resistance, reported that Jacob Chacko, MD, Chief Executive Officer, will present and host one-on-one investor meetings at the Jefferies 2019 Global Healthcare Conference held June 4-7th at the Grand Hyatt in New York (Press release, ORIC Pharmaceuticals, MAY 28, 2019, View Source [SID1234536616]). Dr. Chacko will present on Thursday, June 6th at 8:30am ET.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Intrexon to Participate in 2019 BIO International Convention

On May 28, 2019 Intrexon Corporation (NASDAQ: XON), a leader in the engineering and industrialization of biology to improve the quality of life and health of the planet, reported the Company and its subsidiaries will participate in the 2019 BIO International Convention June 3-6th in Philadelphia (Press release, Intrexon, MAY 28, 2019, View Source [SID1234536600]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Pieter Rottiers, PhD, Chief Executive Officer of ActoBio Therapeutics, a wholly-owned subsidiary of Intrexon and innovative clinical-stage biotechnology company developing a new class of microbe-based therapeutic agents, will be giving a company presentation on Monday June 3rd from 2:15-2:30 pm ET.
Randal J. Kirk, Chairman and Chief Executive Officer of Intrexon, will present in the session "It Starts with One Health: A Guide to Translational Science from Research to Investment" on Monday June 3rd from 2:30-4:00 pm ET, highlighting program areas in both Intrexon Health and Intrexon Bioengineering.
Helen Sabzevari, PhD, President of Precigen, Inc., a wholly-owned subsidiary of Intrexon and a clinical stage biopharmaceutical company specializing in the development of innovative gene and cellular therapies to improve the lives of patients, will participate in the panel "Immuno-Oncology: Taking Immunotherapies to the Next Level" on June 6th from 10:30 am-12:00 pm ET.
The BIO International Convention in Philadelphia celebrates the globally important innovations in biotech that start with one: one meeting, one theory, one trial, one breakthrough. Attendees will take advantage of unparalleled business partnering, gain insights in hundreds of education sessions, and network with 16,000+ of biotech’s most influential. Learn more at convention.bio.org.

The companies’ presentations will not be webcast.

CELLSEARCH Studies at ASCO Show Potential Predictive Role for Circulating Tumor Cells in Metastatic Breast Cancer

On May 28, 2019 Menarini Silicon Biosystems, the pioneer of liquid biopsy and single cell technologies, reported that two studies using the company’s CELLSEARCH Circulating Tumor Cell (CTC) test provided preliminary insight into the impact of liquid biopsy on metastases and prognosis for patients with metastatic breast cancer (MBC) (Press release, Menarini, MAY 28, 2019, View Source [SID1234536617]). The studies involving CELLSEARCH, considered the gold standard in liquid biopsy technology, will be presented at the upcoming annual meeting of the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

In both studies, researchers from Northwestern University used the FDA-cleared CELLSEARCH system to isolate CTCs in the same population of 85 MBC patients. In the first study, they explored the role of CTCs and circulating tumor DNA (ctDNA) in predicting metastatic sites. Researchers found that mutations in ESR1 were associated with liver metastases. In addition, patients with both hormone receptor-positive MBC and ESR1 mutations also had bone metastases, as did patients with high CTC counts (≥ 5 CTCs/7.5 mL blood).

"We currently do not have any biomarker to predict where metastases will occur. As a result, every patient with metastatic breast cancer receives the same monitoring and treatments even though we know some patients with specific sites of recurrence may be more resistant to some specific interventions," said study coauthor Massimo Cristofanilli, M.D., F.A.C.P., Associate Director of Translational Research at the Robert H. Lurie Medical Research Center, Northwestern University. "These results are quite intriguing, and we should continue to investigate whether patients with certain mutations or CTC characteristics that appear to be more prone to develop visceral metastasis can be better directed to more tailored imaging monitoring and personalized targeted therapies."

In the second study, researchers analyzed isolated CTCs and cell-free DNA (cfDNA) from the same patient population to investigate the impact of biological tumor characteristics on prognosis. They found that patients whose cfDNA harbored ESR1 mutations and HER2 alterations had a higher number of CTCs and higher average number of metastatic sites than patients whose cfDNA did not. Patients with both mutations in ESR1 and alterations in HER2 had the worst overall survival.

"While these results are preliminary, we hope to verify that this combination of ESR1 mutations and HER2 alterations results in more aggressive MBC," said study coauthor Lorenzo Gerratana, M.D., a research fellow in medical oncology with the Robert H. Lurie Medical Research Center, Northwestern University and University of Udine, Italy. "In the future, this could potentially expand the role of liquid biopsy for enumerating CTCs and monitoring metastatic prognosis."

CELLSEARCH is the first and only clinically validated blood test cleared by the FDA for detecting and enumerating CTCs to aid physicians in managing patients with metastatic breast, prostate, and colorectal cancers* when used in conjunction with other clinical methods of monitoring. The test is also approved by the China Food & Drug Administration for use in monitoring patients with MBC.

"There is already a large body of research showing that the CELLSEARCH CTC test provides clinically actionable information," said Fabio Piazzalunga, President and CEO of Menarini Silicon Biosystems, Inc. "While still exploratory, these studies represent another important step in advancing precision medicine for metastatic breast cancer."

The CELLSEARCH System is the most extensively studied CTC technology, with research published in more than 650 peer-reviewed publications. Providing valuable information to help physicians make patient-management decisions along with other clinical monitoring methods, the CELLSEARCH CTC test is performed at a reference laboratory using the CELLSEARCH System. CELLSEARCH CTC testing can be used throughout a given therapy for metastatic breast, colorectal, and prostate cancer to monitor a patient’s status by showing if their prognosis is favorable.

To learn more about the CELLSEARCH System, ASCO (Free ASCO Whitepaper) annual meeting attendees can visit Menarini Silicon Biosystems at Booth #4111.

POSTER PRESENTATION: Can the enumeration of circulating tumor cells (CTCs) and the characterization of circulating tumor DNA (ctDNA) provide insight into organ tropism in metastatic breast cancer? (Abstract #3038)
Lead Author: Lorenzo Gerratana, M.D.; Department of Medicine, University of Udine
Session Title: Developmental Therapeutics and Tumor Biology (Nonimmuno)
Date: Saturday, June 1, 2019
Time: 8:00 am – 11:00 am
Location: Hall A
Poster Board #30

POSTER PRESENTATION: Association of HER2 alterations and ESR1 mutations in cell-free DNA (cfDNA) with circulating tumor cells (CTCs), multiple metastasis, and prognosis in stage III/IV breast cancer (BCa) (Abstract #1036)
Lead Author: Qiang Zhang, M.D., Ph.D.; Robert H. Lurie Comprehensive Cancer Center, Northwestern University
Session Title: Breast Cancer – Metastatic
Date: Sunday, June 2, 2019
Time: 8:00 am – 11:00 am
Location: Hall A
Poster Board #117