Provectus Biopharmaceuticals Announces Publication of Article in Oncotarget Detailing PV-10’s Immuno-Ablative Mechanism of Action

On May13, 2016 Provectus Biopharmaceuticals, Inc. (NYSE MKT: PVCT, www.pvct.com), a clinical-stage oncology and dermatology biopharmaceutical company ("Provectus" or "the Company"), reported that an article has been published detailing the immuno-ablative mechanism of action of PV-10, the Company’s novel investigational drug for cancer (Press release, Provectus Pharmaceuticals, MAY 13, 2016, https://www.pvct.com/pressrelease.html?article=20160513.1 [SID:1234512371]).

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The article, titled, "Intralesional Rose Bengal in Melanoma Elicits Tumor Immunity Via Activation of Dendritic Cells by the Release of High Mobility Group Box 1," appears as an advance publication in Oncotarget, an Open-Access journal, and can be accessed by visiting:

View Source

The article documents results of a multi-year, multidisciplinary translational medicine program led jointly by Shari Pilon-Thomas and Amod A. Sarnaik of Moffitt Cancer Center in Tampa, Florida. The authors report detailed data on the mode in which intralesional injection of PV-10 (rose bengal) selectively kills tumor cells and the immunologic signaling that results from tumor ablation, starting with release of High Mobility Group Box 1 (HMGB1, a Damage-Associated Molecular Pattern molecule released by dying cancer cells that can serve as an immunological adjuvant to promote phagocytosis, antigen-presentation, and dendritic cell activation). The authors then follow this signaling through antigen uptake and dendritic cell activation, T cell priming and activation in peripheral blood, and culminating in a tumor-specific immune response marked by T cell infiltration and regression of uninjected tumors.

Eric Wachter, CTO of Provectus, observed, "The Moffitt researchers have systematically documented each of the key steps in the immuno-oncology cycle described by Chen and Mellman in their landmark review article (Oncology Meets Immunology: the Cancer-Immunity Cycle. Immunity 2013; 39: 1-10). In an exemplary demonstration of translational medicine, this team identified important immunologic markers in model systems and verified key facets of these in clinical trial participants, and similarly identified other markers in clinical trial participants and substantiated these in mouse models. While a number of their main observations were previously reported at scientific meetings, these are presented here in detailed, integrated fashion for the first time."

Shari Pilon-Thomas of Moffitt, stated, "Concordance of tumor-specific T cells in peripheral blood of clinical trial participants and mice led us to look for triggers of T cell activation. Working back from these observations, we found that HMGB1 release was common in mouse and man after tumor ablation with PV-10. These results support PV-10 ablation and the resulting tumor necrosis as the upstream trigger for systemic anti-tumor response."

Wachter noted, "This paper is a watershed event in the development of PV-10, walking the reader through all the steps of immune activation after PV-10 injection, from immunogenic cell death and signaling via release of HMGB1, dendritic cell recruitment and infiltration into draining lymph nodes, activation of tumor-specific T cells, and killing of uninjected tumors upon infiltration by these T cells."

Wachter added, "This mechanism of action informed the design of the two active PV-10 clinical trials: NCT02288897 in patients with locally advanced cutaneous melanoma (melanoma limited to the skin) to test the hypothesis that PV-10 alone can produce a systemic immune response that translates to longer progression free survival (PFS); and NCT02557321 in patients with later stage melanoma to test whether combination of PV-10 with the recently approved systemic immunotherapy, pembrolizumab, can ‘induce and boost’ an immune response against melanoma."

Enumeral Reports First Quarter Financial Results

On May 13, 2016 Enumeral Biomedical Holdings, Inc. (OTCQB: ENUM) ("Enumeral" or the "Company"), a biotechnology company focused on the discovery and development of novel antibody-based immunotherapies to help the immune system fight cancer and other diseases, reported its financial results for the three months ended March 31, 2016 (Press release, ENUMERAL BIOMEDICALORATION, MAY 13, 2016, View Source;p=irol-newsArticle&ID=2168350 [SID:1234512372]).

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Recent Business Highlights

In April 2016, Enumeral entered into a License and Transfer Agreement with Pieris Pharmaceuticals, Inc. and Pieris Pharmaceuticals GmbH. Pursuant to this agreement, Pieris is licensing from Enumeral specified intellectual property related to Enumeral’s anti-PD-1 antibody program ENUM 388D4 for the potential development and commercialization by Pieris of novel multispecific therapeutic proteins comprising fusion proteins based on Pieris’ Anticalins class of therapeutic proteins and Enumeral antibodies in the field of oncology.
In April 2016, Enumeral presented research findings on the Company’s novel class of anti-PD-1 antibodies in a poster at the AACR (Free AACR Whitepaper) Annual Meeting 2016 in New Orleans, noting that Enumeral’s anti-PD-1 antibody ENUM 244C8 appears to elicit cytokine secretion from cell types associated with innate immunity in ex vivo assays using lung biopsy samples from human patients.
First Quarter 2016 Financial Results

Cash and Cash Equivalents: Cash and cash equivalents as of March 31, 2016 were $1,837,304, as compared to $3,596,262 as of December 31, 2015. As of the date of this press release, Enumeral believes that it only has sufficient liquidity to fund operations through June 2016. If Enumeral is unable to raise additional capital on acceptable terms and on a timely basis, Enumeral may be required to downsize or wind down its operations through liquidation, bankruptcy, or a sale of its assets. The Company is currently exploring a range of potential transactions, which may include public or private equity offerings, debt financings, collaborations and licensing arrangements, and/or other strategic alternatives, including a merger, sale of assets or other similar transactions.
Revenue: Revenue increased by $159,735 to $434,457 for the three months ended March 31, 2016, as compared to $274,722 for the three months ended March 31, 2015. This increase in revenue is attributable to the Company’s collaboration agreement with Merck and its grant from the National Cancer Institute.

Research and Development Expenses: Research and development ("R&D") expenses increased by $239,539 to $1,470,043 for the three months ended March 31, 2016, as compared to $1,230,504 for the three months ended March 31, 2015. This increase is primarily due to increased facility expenses in connection with the Company’s office relocation and an increase in stock-based compensation expense associated with stock option grants issued during the three months ended March 31, 2016.
General and Administrative Expenses: General and administrative ("G&A") expenses decreased by $230,609 to $1,194,334 for the three months ended March 31, 2016, as compared to $1,424,943 for the three months ended March 31, 2015. This decrease is primarily due to a decrease in legal costs and a decrease in exit costs associated with the termination of the Company’s former lease in connection with the Company’s office relocation.

Other Income (Expense): Other income decreased by $3,997,651 to $674,868 for the three months ended March 31, 2016, as compared to $4,672,519 for the three months ended March 31, 2015. This decrease is primarily due to a decrease in non-cash income related to the change in the fair value of derivative liabilities associated with the warrants issued in connection with the Company’s July 2014 private placement transaction. The Company expects that future changes in the fair value of the derivative liabilities will be due primarily to fluctuations in the value of the Company’s common stock and potential exercises of outstanding warrants.

Net Income (Loss): Net income (loss) changed by $3,846,846 to ($1,555,052) for the three months ended March 31, 2016, as compared to $2,291,794 for the three months ended March 31, 2015. This change is primarily due to the decrease in other income described above.

8-K – Current report

On May 12, 2016 GlobeImmune, Inc. (NASDAQ: GBIM) reported an update on the Company’s business and clinical programs and announced financial results for the first quarter 2016 (Filing, Q1, GlobeImmune, 2016, MAY 12, 2016, View Source [SID:1234512345]).

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The Company continues to seek potential strategic transactions. Cantor Fitzgerald & Co. has been retained by the Company to assist in reviewing ways to maximize stockholder value. There is not a defined timeline for the strategic review process and the review may not result in any specific action or transaction.

The Company has three ongoing clinical trials being conducted by the Company’s corporate collaborators, Gilead Sciences, Inc. and Celgene Corporation. GS-US-330-1401, the GS-4774 Phase 2 clinical trial in patients with chronic HBV infection who are currently not receiving treatment, is fully enrolled and the 48-week results are projected to be available in the second half of 2016. The 24-week results for this trial did not show a statistical difference between control and treatment arms. The results from a GI-6207 Phase 2 trial in subjects with medullary thyroid cancer are projected to be available in the second half of 2016. A Phase 2 clinical trial designed to investigate the safety and efficacy of evaluating GI-6301 in combination with radiation therapy in patients with chordoma is still enrolling patients.

Financial Results – First Quarter Ended March 31, 2016

GlobeImmune reported a net loss of $0.9 million for the three months ended March 31, 2016 compared to $1.6 million for the same period in 2015. The decrease in net loss for 2016 was due to lower compensation expense due to layoffs in research and development and general and administrative expenses. GlobeImmune reported a loss applicable to common stockholders of $0.15 per share, for three months ended March 31, 2016 compared to loss applicable to common stockholders of $0.27 per share for the same period in 2015.

Research and development for proprietary programs expense for the three months ended March 31, 2016 was $0.3 million compared to $0.4 million for the same period in 2015, a decrease of $0.1 million. The decrease was primarily due to a decrease in salary expense due to layoffs in 2015. Costs of manufacturing services for the three months ended March 31, 2016 were $0 compared to $0.2 million for the same period in 2015. The decrease was primarily due to a decrease in expenses relating to manufacturing services for Gilead for the Phase 2 HBV trial. Costs of collaboration license and services for the three months ended March 31, 2016 was $0.5 million compared to $0.9 million for the same period in 2015, a decrease of $0.4 million. The decrease was primarily due to a decrease in expenses related to the clinical trial for GS-4774 and reduction in salary expense due to layoffs in 2015. General and administrative expense for the three months ended March 31, 2016 was $0.9 million compared to $1.2 million for the same period in 2015, a decrease of $0.3 million. The decrease was due to a reduction in salary expense due to layoffs in 2015.

At March 31, 2016, GlobeImmune had cash and equivalents of $8.7 million. The Company believes it has sufficient cash to operate the company as a going concern through the middle of 2017 as it continues to evaluate strategic alternatives. If a strategic alternative is not found in the near future, we could decide to wind down the operations of the Company which will consume cash faster than currently planned as a going concern.

Pipeline Review Check


Phase 1
Phase 2
Phase 3
Application
Therapeutic
area
Cardiovascular-
Metabolics
Oncology
Others
n
Prasugrel
(JP)
(CS-747 / Ischemic stroke / Anti-
platelet agent)
n
Edoxaban (ASCA
etc.)
(DU-176b / AF / oral factor Xa inhibitor)
n
Edoxaban
(ASCA etc.)
(DU-176b / VTE / oral factor Xa inhibitor)
n
Tivantinib (US/EU)
(ARQ 197 / HCC / MET inhibitor)
n
Denosumab (JP)
(AMG 162 / Breast cancer adjuvant /
Anti-RANKL antibody)
n
Nimotuzumab (JP)
(DE-766 / Gastric cancer / Anti-EGFR
antibody)
n
Vemurafenib (US/EU)
(PLX4032 / Melanoma Adjuvant / BRAF
inhibitor)
n
Quizartinib (US/EU/Asia)
(AC220 / AML-2
nd
/ FLT3-ITD inhibitor)
n
Quizartinib (US)
(AC220 / AML-1
st
/ FLT3-ITD inhibitor)
n
Pexidartinib
(US/EU)
(PLX3397 / TGCT / CSF-1R/KIT/FLT3-ITD
inhibitor)
n
Laninamivir
(US/EU)
(CS-8958 / Anti-influenza /
out-licensing with Biota)
n
Mirogabalin (US/EU)
(DS-5565 / Fibromyalgia /
α
2
δ
ligand)
n
Mirogabalin
(JP/Asia)
(DS-5565 / DPNP/
α
2
δ
ligand)
n
Mirogabalin
(JP/Asia)
(DS-5565 / PHN /
α
2
δ
ligand)
n
Denosumab (JP)
(AMG 162 / Rheumatoid arthritis /
Anti-RANKL antibody)
n
Hydromorphone (JP)
(DS-7113 / Cancer pain / Opioid
μ
–
receptor regulator)
n
CHS-0214 (JP)
(Etanercept BS / Rheumatoid
arthritis / TNF
α
inhibitor)
n
VN-0105 (JP)
(DPT-IPV /
Hib
vaccine)
n
VN-0107/MEDI3250
(JP)
(Nasal spray flu vaccine
vaccine)
n
CS-3150 (JP)
(Hypertension
・
DM
nephropathy /
MR antagonist)
n
DS-8500
(JP/US)
(Diabetes / GPR119 agonist)
n
Patritumab (US/EU)
(U3-1287 / Anti-HER3 antibody)
n
Pexidartinib (US)
(PLX3397
/ CSF-1R/KIT/FLT3-ITD
inhibitor)
n
DS-1040
(Acute ischemic stroke / TAFIa inhibitor)
n
DS-2330
(
Hyperphosphatemia
)
n
DS-9231/TS23
(Thrombosis /
α
2-PI
inactivating antibody)
n
DS-9001
(Dyslipidemia / Anti-PCSK9 Anticalin-Albumod)
n
DS-3032 (US/JP)
(MDM2
inhibitor)
n
PLX7486 (US)
(FMS / TRK inhibitor)
n
PLX8394 (US)
(BRAF inhibitor)
n
DS-6051 (US/
JP
)
(NTRK/ROS1 inhibitor)
n
PLX9486 (US)
(KIT inhibitor)
n
DS-3201 (JP)
(EZH1/2 inhibitor)
n
PLX73086 (US)
(CSF-1R
inhibitor)
n
PLX51107 (US)
(BRD4 inhibitor)
n
DS-1971
(Chronic pain)
n
DS-1501
(Osteoporosis / Anti-Siglec-15 antibody)
n
DS-7080 (US)
(AMD / Angiogenesis inhibitor)
n
DS-2969
(
Clostridium
difficile
infection
/
GyrB
inhibitor)
n
DS-5141 (JP)
(DMD / ENA
oligonucleotide)
n
VN-0102/JVC-001 (JP)
(MMR
vaccine)
n
Hydromorphone (JP)
(DS-7113 / Cancer pain / Opioid
μ
–
receptor agonist)
n
CL-108 (US)
(Acute pain / Opioid
μ
-receptor
agonist)
n
Intradermal Seasonal
Influenza Vaccine (JP)
(VN-100 / prefilled
i.d.
vaccine for
seasonal flu)
Major R&D Pipeline
n
DS-8895 (JP)
(Anti-EPHA2 antibody)
n
DS-8273 (US)
(Anti-DR5 antibody)
n
DS-5573
(JP)
(Anti-B7-H3 antibody)
n
DS-8201 (JP)
(Anti-HER2 ADC)
n
U3-1784 (EU)
(Anti-FGFR4 antibody)
n
DS-1123 (JP)
(Anti-FGFR2 antibody)
Red
:
Major changes after the FY2015
Q3
financial announcement
on January 29, 2016
As of May 2016
2
12. Major R&D Pipeline (Innovative pharmaceuticals
)
As of May 2016
◆
Launched/Approved
Generic Name
Class
Indication
Region
Status
Remarks
Edoxaban
Factor Xa inhibitor
Atrial fibrillation
(
AF
)
ASCA
etc.
Launched
S. Korea (16/2
*
)
* means Feb 2016, ditto
Approved
Taiwan (16/2)
Venous thromboembolism (VTE)
ASCA
etc.
Launched
S. Korea (16/2)
Approved
Taiwan (16/2)


The once daily oral anti coagulant (
FXa
inhibitor) discovered by Daiichi Sankyo.
Edoxaban
specifically, reversibly and directly inhibits the enzyme, Factor
Xa
, a clotting factor in the
blood. Launched in Japan in July 2011 as the prevention of venous thromboembolism (VTE) in patients with total knee
arthroplasty
, total hip
arthroplasty
and hip fracture surgery.
Additional indications for AF/VTE was approved in September 2014 and 60 mg tablet was launched in December 2014. Launched in US, Switzerland, UK, Germany, Ireland and
Netherlands in February, May, July, August, September and November 2015, respectively. Approved in South Korea in August 2015.
VN-101
Cell-culture H5N1 flu vaccine
Prevention of H5N1 influenza
JP
Approved in March 2016

This vaccine is a cell-culture H5N1 flu vaccine that has developed by Daiichi Sankyo and
Kitasato
Daiichi Sankyo Vaccine(KDSV).
KDSV was submitted a supplemental application for optimization of pediatric use.
Underline: change after FY2015 Q3 Financial Announcement in Jan 2016

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Epizyme to Present Data From the Tazemetostat Non-Hodgkin Lymphoma Program at American Society for Hematology Meeting on Lymphoma Biology

On May 12, 2016 Epizyme, Inc. (NASDAQ: EPZM), a clinical stage biopharmaceutical company creating novel epigenetic therapies for people with cancer, reported that data from four abstracts from the Company’s clinical development program in support of tazemetostat for use in non-Hodgkin lymphoma (NHL) will be presented during the American Society of Hematology (ASH) (Free ASH Whitepaper) Meeting on Lymphoma Biology, to be held in Colorado Springs, CO, from June 18 to June 21, 2016 (Press release, Epizyme, MAY 12, 2016, View Source [SID:1234512293]).

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Tazemetostat is a first-in-class EZH2 inhibitor currently in phase 2 studies in advanced B-cell non-Hodgkin lymphoma (NHL) and certain genetically defined solid tumors. Among the data to be presented is the first interim report from the Company’s ongoing phase 2 study in patients with NHL.

Planned Presentations:

Oral Presentation: EZH2 as a target for non-Hodgkin lymphoma and beyond: tazemetostat experience; from bench to bedside and back to the bench
Speaker: Vincent Ribrag, MD, Institut Gustave-Roussy, Paris, France
Session Title: Exciting New Mechanisms-Targeted Therapies and Clinical Trials
Date: June 21, 2016
Time: 10:20 a.m. – 10:50 a.m. Mountain Time

Poster: Tazemetostat treatment drives wild-type and mutant EZH2 DLBCL cell lines to a cell fate decision between apoptosis or differentiation (Poster #39)
Author: Michael Thomenius, Ph.D., Epizyme
Date: June 19, 2016
Time: 3:45 p.m. – 5:15 p.m. Mountain Time

Poster: Initial report from a phase 2 multi-center study of tazemetostat (EPZ-6438), an inhibitor of enhancer of zeste-homolog 2 (EZH2), in patients with relapsed or refractory B-cell non-Hodgkin lymphoma (Poster #98)
Author: Franck Morschhauser, MD, PhD, Centre Hospitalier Régional Universitaire de Lille, Lille, France
Date: June 20, 2016
Time: 3:45 p.m. – 5:15 p.m. Mountain Time

Poster: Chromatin flow cytometry based assessment of H3K27me3 pharmacodynamics in blood from diffuse large B-cell lymphoma (DLBCL) and follicular lymphoma (FL) patients following exposure to the EZH2 inhibitor tazemetostat reveals disparate response profiles in specific PMBC subpopulations (Poster #38)
Author: Christopher Plescia, Epizyme
Date: June 20, 2016
Time: 3:45 p.m. – 5:15 p.m. Mountain Time

About the Tazemetostat Clinical Trial Program
Tazemetostat, a first-in-class EZH2 inhibitor, is currently being studied in ongoing phase 2 programs in both non-Hodgkin lymphoma and certain genetically defined solid tumors, including INI1-negative and SMARCA4-negative tumors and synovial sarcoma.

The Company has announced plans to initiate additional clinical evaluations of tazemetostat in 2016, including both a combination study with R-CHOP and a combination study with an immune checkpoint inhibitor in patients with NHL, as well as a monotherapy study in patients with mesothelioma.