CymaBay Therapeutics to Participate in Upcoming Investor Conferences in March

On March 5, 2018 CymaBay Therapeutics, Inc. (Nasdaq:CBAY), a clinical-stage biopharmaceutical company focused on developing therapies for liver and other chronic diseases with high unmet need, reported that management will participate in upcoming investor conferences, including the 30th Annual ROTH Conference, the H.C. Wainwright 2nd Annual NASH Investor Event, and the Oppenheimer & Company 28th Annual Healthcare Conference (Press release, CymaBay Therapeutics, MAR 5, 2018, View Source [SID1234524388]).

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!

30th Annual ROTH Conference 2018
Date: Monday, March 12
Time: 9am Pacific Time
Location: Ritz Carlton, Laguna Niguel, CA

H.C. Wainwright 2nd Annual NASH Investor Event
Date: Monday, March 19
Time: 9:20am Eastern Time
Location: St. Regis Hotel, New York, NY
Webcast: View Source

Oppenheimer & Company 28th Annual Healthcare Conference
Date: Tuesday, March 20
Time: 9:10am Eastern Time
Location: Westin New York Grand Hotel, NY
Webcast: View Source

Drug Delivery: NanOlogy looks to transform chemotherapy with localized delivery platform

March 5, 2018
Paclitaxel revolutionized cancer treatment when it was first used as a chemotherapeutic in the 1990s. But although the product is a powerful cancer killer, patients taking systemic doses of paclitaxel have to endure side effects such as peripheral neuropathy and hair loss.

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!

Marc Iacobucci and his team at NanOlogy believe they could replace the need for large, systemic doses of paclitaxel with the company’s unique formulation technique. NanOlogy has developed a way to turn drugs such as paclitaxel and docetaxel into sub-micron particles of pure drug that can be delivered locally to tumors.

"What we are aiming to do is show that we can increase efficacy but not contribute at all to systemic side effects. That’s the transformational part of this," Iacobucci told Drug Delivery Business News.

Using sonic energy and super-critical carbon dioxide, NanOlogy turns crystals of paclitaxel and docetaxel into sub-micron particles that are stable in powder form and can be suspended into simple fluids like saline.

"That allows us to inject those particles directly into a tumor or at the site of disease. Conventional means of making nanoparticles involve milling, which creates a lot of static charge. Because of the static charge, traditional nanoparticles aren’t stable and need to be coated with something," Iacobucci told us.

The company is developing and testing four products: a suspension of sub-micron paclitaxel, called NanoPac; a suspension of sub-micron docetaxel, called NanoDoce; and inhaled and topical formulations of NanoPac.

Ongoing clinical trials evaluating the NanoPac sterile suspension in patients with ovarian cancer, prostate cancer, pancreatic cancer and pancreatic mucinous cysts have shown promising results, he said.

In the company’s ovarian cancer trial, patients are given NanoPac after an ovarian tumor is removed. At the end of the surgical procedure, NanoPac is poured into the tumor cavity, according to Iacobucci. There, the particles locally release cancer-killing drugs for more than four weeks.

NanOlogy also plans to launch a clinical trial of its NanoDoce suspension later this year, testing the product in patients with bladder cancer. After a urologist has cut away the tumor, they plan to inject particles into the resection bed. NanOlogy expects that once the particles are delivered to the bladder, they will gradually release docetaxel to kill any residual tumor cells.

Across its trials, the company has seen positive efficacy results, Iacobucci said.

"As importantly, we’re not seeing any type of systemic side effects – at all," the managing director added.

The company’s topical paclitaxel product is being tested as a treatment for cutaneous metastases – a condition that arises in patients with advanced cancers. When advanced breast or lung cancer metastasizes to the skin, it can form chronic lesions on the patient’s body.

"These are stage-four patients. There is a lot of distress with that disease. They have a finite period of time to live and then they’re also dealing with the indignity and added discomfort and disfigurement of these chronic lesions," Iacobucci said.

Finally, NanOlogy is also working on an inhaled formulation of its paclitaxel product. In pre-clinical trials, the company has demonstrated that its product is retained in the lungs at meaningful levels for more than 14 days.

All of the company’s products are being tested in trials that were approved by the FDA as part of the 505(b)(2) pathway. In other words, NanOlogy can rely on established data for paclitaxel and docetaxel in the company’s regulatory applications.

But they also have a composition of matter patent that extends until 2036, which Iacobucci explained puts them in a unique position.

"We’ve got patent protection like a new molecular entity, but because these are known drugs, we’ve got the possibility of a streamlined path to approval," he said.

Iacobucci also noted that its product could pair nicely with the array of immunotherapies slated to hit the market in the U.S. There’s a synergistic relationship between taxanes, like paclitaxel and docetaxel, and immunotherapies.

"If you’re killing cells with chemotherapy, then you have cellular debris which is antigenic and you can increase the body’s immune response," Iacobucci explained.

NanOlogy is also actively looking for potential partners to help bring its cancer therapies to market.

"Part of what we are looking at is whether there is a large pharma partner in oncology that understands the transformational aspect of what we have and how it could be complementary to things that they’ve established. We could try to sell or license the technology to a company that has the infrastructure to get these products into the hands of patients," Iacobucci said.

Jounce Therapeutics to Present at Cowen and Company 38th Annual Health Care Conference

On March 5, 2018 Jounce Therapeutics, Inc. (NASDAQ:JNCE), a clinical stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers for patient enrichment, reported that Richard Murray, Ph.D., chief executive officer and president of Jounce, will present at the Cowen and Company 38th Annual Health Care Conference on Monday, March 12, 2018 at 4:50 PM ET in Boston, MA (Press release, Jounce Therapeutics, MAR 5, 2018, View Source;p=RssLanding&cat=news&id=2336132 [SID1234524972]).

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!

A live webcast of the presentation will be available by visiting "Events and Presentations" in the Investors and Media section of Jounce’s website at www.jouncetx.com. A replay of the webcast will be archived for 30 days following the presentation.

Molecular Templates Closes $10 Million Debt Facility with Perceptive Advisors

On March 2, 2018 Molecular Templates, Inc., (Nasdaq:MTEM) a clinical stage biopharmaceutical company focused on the discovery and development of Engineered Toxin Bodies (ETBs), a new class of targeted biologic therapies that possess unique mechanisms of action in oncology, reported the closing of a $10 million debt facility with Perceptive Advisors (Press release, Molecular Templates, MAR 2, 2018, View Source [SID1234524341]). The proceeds from the debt facility will be used to repay an existing debt facility with Silicon Valley Bank and to support the Company’s build out of its manufacturing facility.

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!

"Molecular Templates’ ETB platform is enabling development of new and differentiated products for the treatment of cancer. Perceptive is delighted to provide debt financing to support the build out of Molecular Template’s manufacturing facility and the advancement of the Company’s pipeline of ETB product candidates," said Sam Chawla of Perceptive Advisors.

"We appreciate the support from Perceptive. This financing provides Molecular Templates with capital to support the build out of our GMP manufacturing facility in Austin, Texas. Having our own GMP facility should shorten the time from lead development to IND and allow us to better support our own pipeline as well as existing and prospective partnerships," said Eric Poma Ph.D., Chief Executive and Chief Scientific Officer of Molecular Templates. "We are highly focused on advancing our pipeline, with updated clinical results for MT-3724 expected in 1H18 and new IND filings for other pipeline programs expected by year-end."

Reata Pharmaceuticals, Inc. Announces Fourth Quarter and Full Year 2017 Financial and Operating Results

On March 2, 2018 Reata Pharmaceuticals, Inc. (Nasdaq:RETA) (Reata or Company), a clinical-stage biopharmaceutical company, reported financial results for the fourth quarter and full year ended December 31, 2017, and provided an update on the Company’s business and product development programs (Press release, Reata Pharmaceuticals, MAR 2, 2018, View Source;p=RssLanding&cat=news&id=2335885 [SID1234524342]).

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 2017, Reata made significant strides towards our goal of building a deep pipeline of late-stage therapeutics for rare and life-threatening diseases," said Warren Huff, Chief Executive Officer. "We entered 2017 with one pivotal trial in pulmonary arterial hypertension associated with connective tissue disease and a broad portfolio of exploratory Phase 2 studies from which we produced meaningful clinical data and launched pivotal trials in two additional rare diseases, Alport syndrome and Friedreich’s ataxia. We begin 2018 with these three pivotal programs in the clinic and a highly focused Phase 2 program in four rare forms of CKD underway."

Pipeline Highlights

In 2017, we launched and completed the Phase 2 portion of the Phase 2/3 CARDINAL study for bardoxolone methyl in patients with CKD caused by Alport syndrome. In the Phase 2 clinical trial, bardoxolone methyl demonstrated a statistically significant, mean increase from baseline in kidney function, as assessed by eGFR, at the 12 week endpoint. On the basis of the Phase 2 results, we initiated the Phase 3 portion of the CARDINAL trial, which will enroll approximately 150 patients with Alport syndrome. The United States Food and Drug Administration (FDA) has provided guidance that one year data from the ongoing Phase 3 portion of the trial demonstrating an improvement in retained eGFR, which is the increase in eGFR versus placebo after the patients have been taken off drug for four weeks, may support accelerated approval for bardoxolone methyl.

We began the Phase 2 PHOENIX study in patients with autosomal dominant polycystic kidney disease, IgA nephropathy, type 1 diabetic CKD, and focal segmental glomerulosclerosis. Each cohort will enroll approximately 25 patients to evaluate the safety and efficacy of bardoxolone methyl treatment for each rare form of CKD. Enrollment has begun in the trial for each of the four rare forms of CKD.

We reported positive proof-of-concept data in the MOXIe trial of omaveloxolone in Friedreich’s ataxia, and we began the registrational portion of MOXIe in 2017. Omaveloxolone demonstrated a statistically significant improvement in modified Friedreich’s Ataxia Rating Scale (mFARS) scores of 3.8 points (p=0.0001) at the optimal dose level versus baseline, and a placebo-corrected improvement in mFARS scores of 2.3 points (p=0.06) in Part 1 of the MOXIe trial. The FDA has confirmed that mFARS is acceptable as the primary endpoint for part 2 of MOXIe and that it may consider either accelerated or full approval based upon the overall results of the trial and strength of the data.

Anticipated Clinical Milestones in 2018 and 2019

One year retained eGFR benefit data for CARDINAL Phase 2 patients in the third quarter of 2018
12 week eGFR data from one or more cohorts of PHOENIX in the second half of 2018
CATALYST Phase 3 data in the second half of 2018, pending a sample size re-calculation in the second quarter of 2018 that could change expected timing
CARDINAL Phase 3 data in the second half of 2019
Data from the registrational part 2 of MOXIe in the second half of 2019
Fourth Quarter Results

The Company incurred operating expenses of $26.5 million for the quarter ended December 31, 2017, with research and development accounting for $20.4 million. This compares to operating expenses of $16.7 million for the same period of the year prior, when research and development accounted for $11.8 million. A net loss of $16.7 million was reported by the Company for the quarter ended December 31, 2017, equating to a loss of $0.64 per share, compared to net loss of $4.1 million or $0.19 per share in the same period of the year prior.

2017 Financial Results

As of December 31, 2017, the Company had $129.8 million in cash and cash equivalents. We believe our existing cash and cash equivalents, in combination with available debt and an expected milestone from Kyowa Hakko Kirin, will be sufficient to enable us to fund our operating expenses and capital expenditure requirements, assuming the CATALYST sample size re-calculation does not result in a sample size at the high end of the range, through registrational data from CATALYST in 2018, and both CARDINAL and MOXIe in the second half of 2019.

The Company incurred operating expenses of $95.0 million for the 12 months ended December 31, 2017, with research and development accounting for $71.3 million. This compares to operating expenses of $56.7 million for the same period of the year prior, when research and development accounted for $39.5 million. The 67% increase in operating expenses was primarily due to an 81% research and development expense increase consisting of $23.9 million in expanded clinical and manufacturing activities, primarily for CARDINAL, CATALYST, MOXIe, the extension trial for CATALYST and LARIAT and PHOENIX as well as increased costs in other clinical and preclinical programs. A net loss of $47.7 million was reported by the Company for the 12 month period ended December 31, 2017, equating to a loss of $1.99 per share, compared to net loss of $6.2 million or $0.31 per share in the year prior. The increased net loss was primarily due to the increased operating expenses and a decrease in the amount of deferred revenue recognized in 2017.