(Press release, TNI BioTech, AUG 28, 2012, View Source [SID:1234507310])

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Immune Pharmaceuticals and EpiCept Corporation Agree to Merge

On August 11, 2012 Immune Pharmaceuticals Ltd. ("Immune"), a privately held Israeli company, and EpiCept Corporation ("EpiCept") (NASDAQ OMX Stockholm Exchange and OTCQX: EPCT) reported that they have entered into a definitive merger agreement (Press release, Immune Pharmaceuticals, AUG 11, 2012, http://www.immunepharma.com/immune-pharmaceuticals-and-epicept-corporation-agree-to-merge/ [SID:1234508652]). The transaction is anticipated to close during the first quarter of 2013 and is subject to satisfaction of certain customary closing conditions, including the approval of a majority of EpiCept shareholders.

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The combined company, to be named Immune Pharmaceuticals, Inc. ("Immune Pharmaceuticals"), will be primarily focused on developing antibody therapeutics and other targeted drugs for the treatment of inflammatory diseases and cancer. Immune’s lead product candidate, bertilimumab, is a full human monoclonal antibody that targets eotaxin-1, a chemokine involved in eosinophilic inflammation, angiogenesis and neurogenesis. Immune is currently initiating a placebo-controlled, double-blind Phase II clinical trial with bertilimumab for the treatment of ulcerative colitis.

The companies’ collective oncology portfolios comprise: Immune’s NanomAbs, a new generation of antibody drug conjugates, and EpiCept’s vascular disruptive agents. Immune Pharmaceuticals will continue efforts to secure a partner for EpiCept’s Phase III clinical development candidate AmiKet, for which efficacy has been demonstrated for the treatment of chemotherapy-induced neuropathic pain and post-herpetic neuralgia. Daniel Teper, PharmD, CEO of Immune and Robert Cook, Interim President and CEO of EpiCept, jointly commented: "This transaction will create a publicly traded specialty biopharmaceutical company with a portfolio of four clinical-stage drug candidates for the treatment of inflammatory diseases and cancer. Immune’s bertilimumab, a first in class monoclonal antibody, is being evaluated clinically to address unmet medical needs in multiple severe disease indications. EpiCept’s Amiket has clinical data in over 1600 patients in various neuropathies, Fast Track designation and Phase III Special Protocol Assistance from the U.S. Food and Drug Administration as well as a defined clinical path through the European Medicines Agency for the treatment of chemotherapy induced neuropathic pain."

Merger Details

The terms of the merger agreement provide for EpiCept to issue shares of its common stock to Immune shareholders in exchange for all of the outstanding shares of Immune, with EpiCept shareholders retaining approximately 22.5 percent ownership of the combined company and Immune shareholders receiving approximately 77.5 percent, calculated on an adjusted fully diluted basis. Dr. Daniel Teper will become the Chairman and Chief Executive Officer of Immune Pharmaceuticals, which will have dual headquarters in Herzliya-Pituach, Israel and in the New York City area, with research laboratories in Rehovot, Israel. Dr. David Sidransky, Director of Head and Neck Research Division, Professor of Oncology at the Johns Hopkins School of Medicine, and a former Vice Chairman of the Board of Directors of ImClone Systems, will be the Vice Chairman of the Board of Immune Pharmaceuticals. The combined company’s board of directors will consist of not more than six current Immune directors and at least one current EpiCept director. The Immune Pharmaceuticals management team will include Robert Cook, EpiCept’s Interim Chief Executive Officer, who will become the combined company’s Chief Financial Officer, and Stephane Allard, M.D., EpiCept’s Chief Medical Officer, who will become Immune Pharmaceutical’s Chief Medical Officer. Serge Goldner, Chief Financial Officer of Immune will take the new role of Executive Vice President and Chief Operating Officer. Suzy Jones, a former Genentech executive, and Myrtle Potter & Company will continue to advise Immune Pharmaceuticals on business development and the combined company’s Scientific Board will be jointly led by Professor Marc Rothenberg (Cincinnati Children’s Hospital) and Professor Shimon Benita (Hebrew University).

(Filing, 10-Q, Cleveland BioLabs, AUG 9, 2012, View Source [SID:1234502767])

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Eclipse Therapeutics, Sorrento Valley-Based Biotech Developing Innovative Cancer Therapeutics that Target Cancer Stem Cells, Appoints Patrick M. O’Connor, Ph.D. to Scientific Advisory Board

On August 6, 2012 Eclipse Therapeutics reported the appointment of Patrick M. O’Connor, Ph.D. to its scientific advisory board (Press release, Eclipse Therapeutics, AUG 6, 2012, View Source [SID1234553008]). "Patrick O’Connor, a leader in the field of oncology drug discovery and development, has brought several highly innovative targeted drugs, such as crizotinib and axitinib from the bench into clinical trials, that have advanced the treatment of cancer," said Jonathan Lim, M.D., co-founder, chairman and CEO of Eclipse Therapeutics.

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Crizotinib (Xalkori) is FDA approved for the treatment of non-small cell lung cancer, and axitinib (Inlyta) is FDA approved for the treatment of kidney cancer.

"We are pleased to welcome Dr. O’Connor to Eclipse’s Scientific Advisory Board," added Peter Chu, Ph.D., president and co-founder of the San Diego based company. "We will benefit from his expertise in designing first-of-a-kind drugs that improve cancer patients’ survival and quality of life."

"The role of stem cells in creating and sustaining tumors is one of the most promising areas of cancer drug research," Dr. O’Connor said. "I am excited about working with Eclipse because of the team’s deep expertise in cancer stem cell biology and therapeutic antibodies, and unwavering dedication to developing novel therapeutics that address unmet needs in cancer patient care."

Dr. O’Connor’s contributions to the field of oncology drug discovery and development include over 100 publications and patents, as well as over 20 compounds brought successfully into development, when he served as the Global Research Therapeutic Area Head for Oncology at Pfizer. Now undergoing clinical trials are four other potential drugs that Dr. O’Connor helped to develop during his tenure at Pfizer.

At Palo Alto-based Ruga Corporation, Dr. O’Connor now serves as Vice President and Head of Oncology. He also is a co-founder of Selexagen Therapeutics, a San Diego biotech which recently licensed its novel B-RAF adaptation inhibitor to Ruga.

One of the senior editors at the journal Cancer Research, Dr. O’Connor is a member of the scientific advisory boards of Molecular Response, located in San Diego, and Deciphera Pharmaceuticals, headquartered in Kansas. Prior to joining the pharmaceutical industry, Dr. O’Connor spent 10 years investigating the molecular underpinnings of chemosensitivity at the National Cancer Institute in Bethesda, MD.

Novartis and University of Pennsylvania form broad-based R&D alliance to advance novel T-cell immunotherapies to treat cancer

On August 6, 2012 Novartis and the University of Pennsylvania (Penn) reported an exclusive global collaboration to research, develop and commercialize targeted chimeric antigen receptor (CAR) immunotherapies for the treatment of cancers (Press release Novartis, AUG 6, 2012, View Source [SID:1234501066]). In addition, the parties will jointly establish a new research and development facility on the Penn campus, called the Center for Advanced Cellular Therapies (CACT).

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"By combining Penn’s expertise on this pioneering technology with Novartis’ strength in bringing innovative therapies to patients, we have the potential to transform the future of cancer treatment," said Hervé Hoppenot, President, Novartis Oncology.

In CAR immunotherapy, immune cells (T cells) are drawn from a patient’s blood. Then, using CAR technology, the T cells are re-coded to identify and seek out cells that express proteins present on a patient’s cancerous tumor. When the T cells are re-introduced into the patient’s blood, they bind to the targeted cancer cells and destroy them.

As part of the transaction, Novartis acquired exclusive rights from Penn to CART-19, a novel investigational CAR therapy, currently being studied by Penn in a pilot clinical trial. CART-19 targets a protein called CD19 that is associated with a number of B-cell malignancies such as chronic lymphocytic leukemia (CLL), B-cell acute lymphocytic leukemia and diffuse large B-cell lymphoma.

To accelerate the discovery and development of additional therapies using CAR immunotherapy, Novartis and Penn will build the Center for Advanced Cellular Therapies on the Penn campus in Philadelphia. This will be a first-of-its-kind research and development center established specifically to develop and manufacture adoptive T-cell immunotherapies under the research collaboration guided by scientists and clinicians from Novartis and Penn.

"This collaboration underscores our commitment to working with partners that are at the forefront of science and medicine," said Mark Fishman, President of the Novartis Institutes for BioMedical Research. "Immunotherapy is one of the exciting frontiers in cancer research and the CAR technology developed by the team at Penn has shown early promise as a new way for treating cancer."

Early results from a clinical trial of CART-19, conducted by Penn, showed potent antileukemic effects in three patients with advanced CLL who had previously undergone multiple courses of chemotherapy and biological therapy. Two of the patients were still in complete remission more than a year into the CART-19 trial, and the third patient maintained partial remission for more than seven months. An immune deficiency known as hypogammaglobulinemia, an expected chronic toxic effect, was corrected with infusions of intravenous immune globulin. Patients were also treated for symptoms associated with tumor lysis syndrome, an effect of tumor breakdown[1],[2]. Novartis expects to initiate a Phase II clinical trial with CART-19 in collaboration with Penn during the fourth quarter of 2012.

"Initial data provide proof that this CAR therapy can activate a patient’s own immune system to fight cancerous tumors," said Carl June, MD, director of Translational Research and professor of Pathology and Laboratory Medicine in the University of Pennsylvania’s Abramson Cancer Center and Perelman School of Medicine. "In partnering with Novartis, we aim to develop CAR therapies into commercial agents in the battle against cancer."

"Penn’s intellectual resources combined with a pharmaceutical industry leader like Novartis offers a powerful symbiotic relationship in our mutual goal of finding more effective treatments for cancer," said J. Larry Jameson, MD, PhD, dean of the Perelman School of the Medicine at the University of Pennsylvania and executive vice president for the Health System. "With our shared commitment to rapidly advancing new therapies and cures, this new alliance will provide the support for the essential clinical trials with engineered T cells, which may open doors for use of this promising treatment option for cancer patients who have reached the end of currently available treatments."

Under the terms of the agreement, Penn grants Novartis an exclusive worldwide license to CARs developed through the collaboration for all indications and CART-19. In addition Novartis will provide an up-front payment, research funding, funding for the establishment of the CACT and milestone payments for the achievement of certain clinical, regulatory and commercial milestones and royalty payments.