Phase II Copanlisib Data Show Durable Tumor Response in Indolent Non-Hodgkin’s Lymphoma

On March 31, 2017 Bayer reported positive data on its investigational compound copanlisib, an intravenous pan-class I phosphatidylinositol-3-kinase (PI3K) inhibitor with predominant inhibitory activity against PI3K-α and PI3K-δ isoforms (Press release, Bayer, MAR 31, 2017, View Source;dcp=Phase-II-Copanlisib-Data-Show-Durable-Tumor-Response-in-Indolent-Non-Hodgkins-Lymphoma&ccm= [SID1234518413]). The Phase II CHRONOS-1 trial, an open-label, single-arm study of copanlisib evaluating patients with relapsed or refractory indolent non-Hodgkin’s lymphoma (iNHL), met its primary endpoint of a pre-specified objective response rate (ORR). The results across all patient groups show an ORR of 59.2%, with a 12% complete response (CR) rate and a median duration of response (DOR) of more than 98 weeks (687 days). These data will be presented at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) 2017 Annual Meeting in Washington, D.C., USA in the Novel Agent and Intervention Clinical Trials session on April 4, 2017 from 3:05 PM – 3:20 PM (ET).

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"Based on the European Society for Medical Oncology (ESMO) (Free ESMO Whitepaper) guidelines, inhibition of the PI3K pathway has been shown to be an effective therapeutic strategy in treating indolent lymphomas, like follicular lymphoma; however, concerns exist about the safety of available oral PI3K inhibitors, highlighting the need for new approaches," said Martin Dreyling, Professor of Medicine at the University of Munich Hospital in Grosshadern. "The results of CHRONOS-1 demonstrate that intermittent intravenous administration of copanlisib achieved durable efficacy with a manageable safety profile in this difficult-to-treat patient population."

The full analysis set comprised 142 patients, of which 141 patients had iNHL. At the time of analysis, median duration of treatment was 22 weeks and 46 patients remained on treatment. In the follicular lymphoma (FL) subset of CHRONOS-1 (n=104), copanlisib treatment resulted in an ORR of 58.7%, including a CR of 14.4% and a median DOR of more than 52 weeks (370 days). The safety and tolerability were consistent with previously published data on copanlisib. The most common treatment-related adverse events were transient hyperglycemia (all grades: 49%/Grade ≥3: 40%), which did not show severity above Grade 4 and hypertension (all grades: 29%/Grade ≥3: 23%), which did not show severity above Grade 3.

"NHL is the tenth most common cancer worldwide and one of the most common cancers in the U.S. Despite treatment advances, most indolent NHL patients relapse after, or are refractory to, current therapies," said Robert LaCaze, Executive Vice President and Head of the Oncology Strategic Business Unit at Bayer. "The positive results from CHRONOS-1 are an important milestone and reflect the potential clinical utility of copanlisib in addressing the unmet medical need in patients with malignant lymphoma."

Other copanlisib data to be presented at AACR (Free AACR Whitepaper) 2017 include preclinical analysis of copanlisib activity in B-cell lymphomas as a single agent or in combination with conventional and targeted agents and a study on the binding affinity of copanlisib.

Bayer is in discussion with the U.S. Food and Drug Administration (FDA) with respect to a New Drug Application (NDA), seeking accelerated approval of copanlisib for the treatment of relapsed or refractory FL who have received at least two prior therapies. The company has been granted Fast Track Designation by the FDA for copanlisib for this indication. Fast Track is a program designed to facilitate the development, and expedite the review of drugs to address unmet medical need in the treatment of a serious or life-threatening condition.

Copanlisib was also granted Orphan Drug Designation (ODD) by the FDA Office of Orphan Products Development in the U.S. in February 2015 for the treatment of FL and in February 2017 for the treatment of splenic, nodal, and extranodal subtypes of marginal zone lymphoma (MZL). The ODD program provides orphan status to drugs and biologics which are defined as those intended for the safe and effective treatment, diagnosis or prevention of rare diseases and disorders. The FDA regards any disease that affects less than 200,000 patients in the U.S. as rare.

About CHRONOS-1
CHRONOS-1 is an open-label, single-arm Phase II study (ClinicalTrials.gov Identifier: NCT01660451) evaluating copanlisib as a monotherapy in non-Hodgkin’s lymphoma patients. CHRONOS-1 was designed to evaluate the efficacy and safety of copanlisib in patients with relapsed or refractory indolent NHL, including follicular lymphoma (FL), who received at least two prior therapies. The primary endpoint of CHRONOS-1 is the objective tumor response rate, with duration of response, overall survival, progression-free survival, quality of life, and safety serving as secondary endpoints.

About Non-Hodgkin’s Lymphoma
Non-Hodgkin’s Lymphoma (NHL) is the most common hematologic malignancy and the tenth most common cancer worldwide, with nearly 386,000 new cases diagnosed in 2012. It accounts for nearly 200,000 deaths per year worldwide. NHL comprises a highly heterogeneous group of diseases that can be indolent or aggressive with a poor prognosis. Follicular lymphoma is the most common histological subtype of indolent NHL, for which there is a need to improve treatment options.

About Copanlisib
Copanlisib is a novel pan-class I PI3K inhibitor with predominant inhibitory activity against PI3K-α and PI3K-δ isoforms, being developed by Bayer. The PI3K pathway is involved in cell growth, survival and metabolism, and its dysregulation plays an important role in non-Hodgkin’s lymphoma (NHL). Copanlisib is administered as a 1-hour infusion on an intermittent weekly basis (3 weeks on/1 week off).

Copanlisib has shown promising clinical activity in Phase I and Phase II studies in heavily pretreated patients with recurrent indolent and aggressive NHL. The broad clinical development program also includes Phase III studies in indolent NHL patients who have relapsed or are refractory to prior therapies. Information about these trials can be found at www.clinicaltrials.gov and www.chronostrials.com.

Copanlisib is not approved by the U.S. Food and Drug Administration, the European Medicines Agency or any other health authority.

Eight Posters Based on MacroGenics-developed Molecules Featured at AACR Annual Meeting 2017

On March 31, 2017 MacroGenics, Inc. (NASDAQ: MGNX), a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, as well as autoimmune disorders and infectious diseases, reported the presentation of eight nonclinical posters based on its molecules and antibody-based technologies at the 2017 American Association for Cancer Research (AACR) (Free AACR Whitepaper) Annual Meeting in Washington, D.C (Press release, MacroGenics, MAR 31, 2017, View Source [SID1234518363]). Three of these posters are being presented by the Company’s collaboration partners, Janssen Research & Development, LLC and ImmunoGen, Inc.

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"MacroGenics’ record of antibody-based therapeutic innovation continues," said Scott Koenig, M.D., Ph.D., President and CEO of MacroGenics. "Beyond our broad, growing pipeline of clinical assets across immuno-oncology and autoimmune disorders today, we have maintained our investment in preclinical research to yield our future product candidates for delivering therapeutics to patients in need. The posters featured at AACR (Free AACR Whitepaper) reflect advances in our DART and TRIDENT multi-specific platform technologies, including the ability to target multiple checkpoints with a single recombinant molecule and T cell-mediated cytotoxic mechanisms as well as the deployment of multiple linker-drug conjugate technologies with novel cancer targets. I’m very excited about the potential for each of these programs."

MacroGenics AACR (Free AACR Whitepaper) 2017 Poster Presentations

Each of the posters featured at AACR (Free AACR Whitepaper) relating to a MacroGenics-developed molecule are described below and after their presentation at AACR (Free AACR Whitepaper), may be accessed under "Events & Presentations" in the Investors section of the Company’s website at View Source

B7-H3-targeted Antibody-drug Conjugate: "Preclinical Development of a Duocarmycin-Based Antibody-Drug Conjugate (ADC) Targeting B7-H3 for Solid Cancer" (presentation date is Sunday, April 2 from 1:00 — 5:00pm ET; poster section 2, board #23).
ADAM9 ADC: "ADAM9: Target Validation, Antibody Discovery and Preclinical Data Supporting ADAM9 as an Antibody-Drug Conjugate Therapeutic Target for Solid Tumors" (presentation date is Sunday, April 2 from 1:00 — 5:00pm ET; poster section 2, board #19).
ADAM9 ADC: "Novel Antibody-Drug Conjugates Targeting ADAM9-expressing Solid Tumors Demonstrate Potent Preclinical Activity" (presentation date is Sunday, April 2 from 1:00 — 5:00pm ET; poster section 2, board #18). This poster is being presented by ImmunoGen, Inc.
CD137 DART: "Tumor-Antigen Expression-Dependent Activation of the CD137 Costimulatory Pathway by Bispecific DART Proteins" (presentation date is Tuesday, April 4 from 8:00am — 12:00pm ET; poster section 26, board #15).
PD-1 x CTLA-4 DART: "Co-targeting PD-1 and CTLA-4 Inhibitory Pathways with Bispecific DART and TRIDENT Molecules" (presentation date is Tuesday, April 4 from 8:00am — 12:00pm ET; poster section 26, board #10).
Duvortuxizumab (MGD011): "Potent Antitumor Activity of Duvortuxizumab, a CD19 x CD3 DART Molecule, in Lymphoma Models" (presentation date is Tuesday, April 4 from 8:00am — 12:00pm ET; poster section 26, board #9). This poster is being presented by Janssen.
Duvortuxizumab (MGD011): "Quantitative Prediction of Human Pharmacokinetics for Duvortuxizumab from Cynomolgus Monkey Data: a Translational Pharmacokinetic Modeling Approach" (presentation date is Tuesday, April 4 from 1:00 — 5:00pm ET; poster section 3, board #29). This poster is being presented by Janssen.
5T4 x CD3 DART: "A 5T4 x CD3 Bispecific DART Molecule with Extended Half-life for T-cell Immunotherapy of Cancer (SITC) (Free SITC Whitepaper)s" (presentation date is Tuesday, April 4 from 1:00 — 5:00pm ET; poster section 26, board #23).

Propanc Authorizes Reverse Stock Split and Corporate Name Change to Propanc Biopharma, Inc.

On March 31, 2017 Propanc Health Group Corporation (OTCQB: PPCH) ("Propanc" or "the Company"), an emerging healthcare company focusing on development of new and proprietary treatments for cancer patients suffering from solid tumors such as pancreatic, ovarian and colorectal cancers, reported that its Board of Directors has approved a corporate name change and ratio for the reverse stock split of the issued and outstanding shares of common stock (Press release, Propanc, MAR 31, 2017, View Source [SID1234518414]). The Company had previously announced that the Board and a majority of its voting stockholders had approved a range for a reverse stock split and a reduction in the number of authorized shares of common and preferred stock of the Company.

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The Company’s name will change to Propanc Biopharma Inc. on April 7, which symbolizes a new and exciting growth phase for the Company, as it heads towards First-In-Man studies for its lead product, PRP.

Also, it is expected that prior to the commencement of trading on April 7 a 1-for-250 reverse stock split will be effectuated. The number of authorized shares of common stock will be reduced from 2 billion to 100 million and the number of authorized shares of preferred stock of the Company reduced from 10 million to just over 1.5 million. Investors should note that for 20 trading days after the reverse stock split, the ticker symbol of the Company’s common stock will change to PPCHD.

"As a result of the Company’s recent progress and anticipated upcoming milestones, we believe the timing is right to change our Company name to better reflect our stage of growth and development, as well as execute the reverse stock split," said James Nathanielsz, Propanc’s Chief Executive Officer. "Given that we expect to complete our GLP toxicity study very soon and expect to then move forward with First-In-Man studies of our lead product, PRP, we wanted to launch our corporate strategy to address our capital structure, reduce debt, and raise additional capital sufficient to progress PRP through clinical development. By undertaking these steps, management hopes to better position the Company for an up-listing of our common stock to a national stock exchange in order to help ensure the long-term future of the Company and create value for its shareholders."

The Company’s lead product, PRP, is a novel, patented, formulation consisting of two pancreatic proenzymes, trypsinogen and chymotrypsinogen. Currently in preclinical development and progressing towards First-In-Man studies, PRP aims to prevent tumor recurrence and metastasis in solid tumors. Eighty percent of all cancers are solid tumors and metastasis is the main cause of patient death from cancer. The Company’s initial target patient populations include pancreatic, ovarian and colorectal cancers.

To view Propanc’s "Mechanism of Action" video on anti-cancer product candidate, PRP, please click on the following link: View Source

To be added to Propanc’s email distribution list, please email [email protected] with "Propanc" in the subject line.

Mateon Therapeutics Announces Abstract Presentations for the American Association for Cancer Research Annual Meeting in April 2017

On March 31, 2017 Mateon Therapeutics, Inc. (OTCQX:MATN), a biopharmaceutical company developing vascular disrupting agents (VDAs) for the treatment of orphan oncology indications, reported that updates on several of its preclinical programs are being presented at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) annual meeting in Washington, D.C (Press release, Mateon Therapeutics, MAR 31, 2017, View Source [SID1234518365]).

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"These abstract presentations show the breadth of some of our early preclinical development programs," stated William D. Schwieterman, M.D., Mateon’s President and Chief Executive Officer. "As this work matures, we look forward to it complementing our current core clinical programs in platinum-resistant ovarian cancer and acute myeloid leukemia."

Poster presentations by Mateon and/or its collaborators at the AACR (Free AACR Whitepaper) annual meeting are as follows:

Abstract #2952 – The novel Cathepsin L/K inhibitors KGP94 and KGP207 prevent M0 to M2 macrophage differentiation and macrophage mediated pro-tumor functions.
Section: Tumor Microenvironment 3
Date and Time: Monday, April 3, 2017, 1:00 p.m. – 5:00 p.m. Eastern Time

Abstract #3203 – Targeting tumor hypoxia with prodrug conjugates of potent small molecule inhibitors of tubulin polymerization
Section: Novel Molecular Targets 2
Date and Time: Tuesday, April 4, 2017, 8:00 a.m. – 12:00 p.m. Eastern Time

Abstract #4899 – The small molecule Cathepsin L and K inhibitor KGP-94 impairs the metastatic phenotype of osteosarcoma cells
Section: Therapeutic Intervention of Cancer and Metastases
Date and Time: Tuesday, April 4, 2017, 1:00 p.m. – 5:00 p.m. Eastern Time

The above abstracts have been published and can be viewed on the AACR (Free AACR Whitepaper) Annual Meeting website.

Mateon Therapeutics Reviews 2016 Highlights and Reports 2016 Financial Results

On March 30, 2017 Mateon Therapeutics, Inc. (OTCQX:MATN), a biopharmaceutical company developing vascular disrupting agents (VDAs) for the treatment of orphan oncology indications, reported a corporate update and announced 2016 financial results (Press release, Mateon Therapeutics, MAR 30, 2017, View Source [SID1234518379]).

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Corporate Achievements During 2016

Changed company’s name to Mateon Therapeutics, Inc. to reflect focus on combination vascular targeted therapy in orphan oncology indications
Re-invigorated Board of Directors with complete changeover of independent members during 2016, adding three experienced biopharmaceutical industry leaders: Donald R. Reynolds, Bobby W. Sandage, Jr., Ph.D., and Simon C. Pedder, Ph.D.
"2016 was a key year for execution of the business plans that we developed in the months after I started as CEO in mid-2015, as we initiated our important FOCUS study, advanced the PAZOFOS study and moved our OXi4503 study in AML into its combination-treatment phase," stated William D. Schwieterman, M.D., Mateon’s President and Chief Executive Officer. "We also rebranded the company and freshened our board, bringing in new outside board members with deep industry expertise as we made meaningful changes based on our new direction. Now, as the first quarter of 2017 nears completion, we are very encouraged by the early data in AML. We are also eagerly awaiting next month the first randomized clinical trial data from the company in years, as we conduct a scheduled interim analysis of FOCUS in platinum-resistant ovarian cancer."

Key 2016 and Recent Developments

CA4P in combination with bevacizumab for Treatment of Ovarian Cancer

• Presented new data reflecting improved survival outcomes for CA4P-treated patients from Study GOG-0186I, an open-label randomized Phase 2 clinical trial in recurrent ovarian cancer

Data demonstrated an improvement of 5.6 months in overall survival and 3.7 months in progression-free survival in patients with measurable disease
• Published positive results from Study GOG-0186I in Journal of Clinical Oncology, official journal of the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper). Study was funded by National Cancer Institute, conducted by Gynecologic Oncology Group (GOG).

• Initiated the FOCUS Study, a Phase 2/3 clinical trial of CA4P in combination with bevacizumab (Avastin) and chemotherapy in platinum-resistant ovarian cancer

Currently have 25 sites actively recruiting patients
CA4P in combination with pazopanib for Treatment of Recurrent Ovarian Cancer

• Initiated enrollment in Phase 2 portion of the PAZOFOS Study, a Phase 1b/2 clinical trial of CA4P in combination with pazopanib (Votrient)

CA4P in combination with bevacizumab for Treatment of Glioblastoma Multiforme

• Received Orphan Drug Designation for CA4P for the treatment of glioma from U.S. Food and Drug Administration (FDA)

CA4P for Treatment of Neuroendocrine Tumors (NETs)

• Received Orphan Drug Designation for CA4P for the treatment of NETs from both the FDA and the European Commission

• Presented data from monotherapy study in NETs and announced an investigator-sponsored study in NETs using CA4P in combination with everolimus (AFINITOR)

OXi4503 in combination with cytarabine for Treatment of Relapsed/Refractory Acute Myeloid Leukemia (AML)

• Completed enrollment of first three cohorts and initiated the fourth cohort of OX1222, an open-label Phase 1b dose-ranging study of OXi4503 in combination with cytarabine

• Presented data from OX1222 at 58th Annual Meeting of American Society of Hematology (ASH) (Free ASH Whitepaper)

• Presented updated data from OX1222 at the 29th Annual ROTH Conference

Highlights include 3 patients, one from each dose cohort, experiencing complete remission
Additional Pipeline Developments

• Announced encouraging preliminary data from four syngeneic mouse models evaluating CA4P in combination with checkpoint inhibitors

Most compelling results were found combining CA4P with an anti-CTLA4 antibody in an EMT-6 mammary model – 7 of 8 mice receiving combination were tumor free at study’s completion, compared to 1 of 8 in CA4P monotherapy arm and 2 of 8 in anti-CTLA4 antibody monotherapy arm
Financial Results

For the year ended December 31, 2016, Mateon reported a net loss of $13.7 million, similar to the net loss for the year ended December 31, 2015. R&D expenses decreased to $8.8 million in 2016 compared to $9.1 million in 2015, while general and administrative expenses increased to $5.0 million in 2016 compared to $4.6 million in 2015.

At December 31, 2016, Mateon had cash and short-term investments of $12.0 million.