bluebird bio, Inc. Announces Pricing of $125 Million Public Offering of Common Stock

On December 19, 2023 bluebird bio, Inc. (Nasdaq: BLUE) ("bluebird") reported the pricing of its underwritten public offering of 83,333,333 shares of its common stock at a public offering price of $1.50 per share, before deducting underwriting discounts and commissions (Press release, bluebird bio, DEC 19, 2023, View Source [SID1234638717]). bluebird also granted the underwriters a 30-day option to purchase up to an additional 12,499,999 shares of its common stock at the public offering price per share, less underwriting discounts and commissions. The gross proceeds from the public offering are expected be $125 million, before deducting underwriting discounts and commissions and offering expenses payable by bluebird and assuming no exercise of the underwriters’ option to purchase additional shares of common stock. All shares in the offering are to be sold by bluebird.

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Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint book running managers for the offering. Raymond James & Associates, Inc. is acting as co-manager for the offering.

bluebird intends to use the net proceeds of the offering (i) to support commercialization and manufacturing for its three approved gene therapies, ZYNTEGLO, SKYSONA and LYFGENIA; and (ii) to fund working capital and other general corporate purposes.

The offering is expected to close on or about December 22, 2023, subject to customary closing conditions.

The offering is being made pursuant to an effective shelf registration statement on Form S-3, including a prospectus, that was filed with the U.S. Securities and Exchange Commission (the "SEC") on May 9, 2023 and was declared effective by the SEC on May 19, 2023. A preliminary prospectus supplement describing the terms of the offering has been filed with the SEC. A final prospectus supplement will be filed with the SEC and will form a part of the effective registration statement. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at [email protected]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at [email protected].

This press release shall not constitute an offer to sell or the 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 jurisdiction.

Carina Biotech Doses First Patient in Phase 1/2a Clinical Trial

On December 19, 2023 Carina Biotech Limited (Carina), a cell therapy immuno-oncology company, reported the dosing of the first patient in a Phase 1/2a clinical trial of its LGR5-targeted CAR-T cell therapy candidate CNA3103 for the treatment of adult patients with metastatic colorectal cancer (mCRC) (Press release, Carina Biotech, DEC 19, 2023, View Source;utm_medium=rss&utm_campaign=press-release-carina-biotech-doses-first-patient-in-phase-1-2a-clinical-trial [SID1234638639]). Enrolment in the Phase 1 segment commenced in Australia with three sites currently activated.

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CAR-T therapy is a personalised cell therapy that harnesses a patient’s immune system to fight their cancer.

Carina’s Phase 1/2a trial is a multi-centre, open-label study in patients with mCRC (NCT05759728) being conducted under a US FDA Investigational New Drug application.

The Phase 1 segment of the trial follows a Bayesian Optimal Interval (BOIN) study design during dose escalation to determine the Recommended Phase 2 Dose (RP2D) level safely and efficiently. A minimum of three subjects per cohort will be enrolled at each dose level.

In the Phase 2a segment of the trial, additional patients will be treated at the RP2D of CNA3103 to further evaluate the safety, anti-tumor activity, as well as pharmacokinetic and pharmacodynamic properties of CNA3103.

"We are delighted to have dosed the first patient in the Phase 1/2a trial evaluating our LGR5-targeted CAR-T candidate CNA3103. The initiation of our clinical trial in colorectal cancer is a major milestone for Carina. Preclinical studies of CNA3103 have demonstrated highly promising results with complete tumor regression and no tumor recurrence following rechallenge. We look forward to evaluating its profile in patients," said Deborah Rathjen PhD, Carina’s Chief Executive Officer. "A significant unmet need exists in the treatment of colorectal cancer. Colorectal cancer is the second leading cause of cancer deaths among men and women combined, and it is the deadliest form of cancer in Australians aged 25 to 34 years. We are thrilled to play a role in the introduction of a potentially revolutionary and targeted cancer treatment option that harnesses a patient’s own immune system to fight their cancer, which is CAR-T cell therapy."

Carina’s Chief Medical Officer Dr Jose Iglesias commented, "I look forward to working with my Australian colleagues in the development of CNA3103, a novel, and to our knowledge, first-in-class CAR-T directed against LGR5, a key player in the pathogenesis and dissemination of colorectal cancer. LGR5 is overexpressed in most colorectal cancers and is a marker of stemness, endowing cells with resistance to most forms of chemotherapy. CNA3103 may offer a new way to target this important molecule".

The study’s Principal Investigator at Royal Adelaide Hospital, Professor Michael Brown, said, "We are very grateful to the first patient for their involvement in a study that will be of great interest to other patients with metastatic colorectal cancer. Chemotherapy has been the mainstay of treatment for this disease. We hope that the results of this study will provide another way to bring benefit to patients".

Positive DEP® docetaxel Phase 2 results

On December 19, 2023 Starpharma (ASX: SPL, OTCQX: SPHRY) reported positive final results from the completed Phase 2 clinical program of DEP docetaxel (Press release, Starpharma, DEC 19, 2023, View Source;mc_eid=bf52dd3418 [SID1234638657]). The clinical program included a monotherapy arm and two combination arms. The Phase 2 trial objectives were met, with endpoints demonstrating encouraging anti-tumour activity of DEP docetaxel when administered as a monotherapy or in combination with other anti-cancer agents, nintedanib or gemcitabine, in multiple advanced, metastatic cancers, including pancreatic, gastro-oesophageal, non-small cell lung cancer (NSCLC) and cholangiocarcinoma.

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The safety and tolerability of DEP docetaxel were also confirmed, with DEP docetaxel demonstrating an improved tolerability profile versus conventional docetaxel in terms of key adverse events, including myelosuppression (severe neutropenia), oedema (fluid retention), alopecia (hair loss) and allergic reactions (anaphylaxis/hypersensitivity).

Developed by Starpharma, DEP docetaxel is a patented, dendrimer nanoparticle version of the chemotherapy drug docetaxel (Taxotere[1]), which achieved peak sales of US$3.1B before patent expiry and is widely used for the treatment of a number of common cancers, including lung, gastro-oesophageal, head and neck, breast, and prostate.

The clinical trial also demonstrated the ability of DEP docetaxel to effectively target tumours, with treated patient biopsies showing that tumour tissue achieved tissue levels of docetaxel up to 60 times higher than levels in blood (Figure 1). This tumour targeting effect was demonstrated across multiple cancer types. These findings confirm the ability of DEP to increase the delivery of drug to tumours, as also demonstrated in multiple preclinical models.

Commenting on the results, Starpharma CEO, Dr Jackie Fairley, said:

"We are pleased to announce positive results of the Phase 2 clinical program for DEP docetaxel. This product has shown encouraging results in multiple difficult-to-treat cancers, both as a monotherapy and in combination with gemcitabine or nintedanib. DEP docetaxel also demonstrated lower rates of key adverse events, including severe neutropenia, hypersensitivity, fluid retention and hair loss, all of which are problematic side effects for patients treated with conventional docetaxel. In the trial, DEP docetaxel achieved clinically meaningful disease control in multiple patients with advanced metastatic cancer who had no other treatment options available.

"These clinical findings, in addition to Starpharma’s recently reported results from the DEP cabazitaxel and DEP irinotecan programs, will feed into Starpharma’s ongoing commercial discussions for the products. These discussions will continue at the upcoming JP Morgan Healthcare Conference in San Francisco in January 2024, in which Starpharma will participate.

"Starpharma would like to thank the patients who participated in the DEP docetaxel clinical trial program, as well as their families, caregivers, and the investigators and other clinical staff for their involvement in the program."

DEP Docetaxel Efficacy Results

The Phase 2 clinical trial program enrolled a total of 80 patients with advanced metastatic cancers who were heavily pre-treated with up to 9 prior lines of therapy (median 3) and up to 37 cycles of prior anti-cancer treatments (median 5), and/or had exhausted all available treatment options.

DEP docetaxel achieved encouraging anti-tumour activity in multiple advanced, metastatic cancers, including pancreatic, gastro-oesophageal, NSCLC and cholangiocarcinoma, despite the advanced nature of most patients’ disease.

A number of these tumours, particularly pancreatic and gastro-oesophageal cancers, represent significant unmet medical needs, and have a very poor prognosis and limited available treatments currently. All patients in the DEP docetaxel trial program had failed to respond to or progressed following prior cancer treatment, including taxanes, platinum-based therapy, or immuno-oncology agents.

In patients with advanced gastro-oesophageal cancer, DEP docetaxel monotherapy achieved a disease control rate[2] (DCR) of 28.6% with disease control for up to 28 weeks in evaluable[3] patients.

In advanced, metastatic non-small cell lung cancer (NSCLC) patients, DEP docetaxel administered in combination with nintedanib (Vargatef) achieved a DCR of 80.0%, with disease control for up to 24 weeks.

DEP docetaxel administered in combination with gemcitabine (Gemzar) in advanced pancreatic cancer patients demonstrated a 75.0% disease control rate (DCR) with disease control for up to 23 weeks. These patients had failed standard-of-care therapy and exhausted all available treatment options prior to enrolment into the trial. DEP docetaxel, administered as monotherapy to advanced pancreatic cancer patients, exhibited a disease control rate (DCR) of 33.3% and reductions in tumour lesions of up to 55.6%.

DEP docetaxel in combination with gemcitabine also demonstrated disease control in other difficult-to-treat advanced cancers, including intrahepatic cholangiocarcinoma and uterine sarcoma, with durable responses for up to 30 weeks. DEP docetaxel monotherapy treatment also achieved encouraging efficacy responses in other rare and difficult-to-treat advanced cancers, including melanoma of the eye and ameloblastoma, with disease control for up to 46 weeks.

The clinical trial also demonstrated the ability of DEP docetaxel to effectively target human tumours, with treated patient biopsies showing that tumour tissue achieved tissue levels of docetaxel that were up to 60 times higher compared to blood (Figure 1). This tumour targeting effect was demonstrated across multiple cancer types.

DEP Docetaxel Safety and Tolerability

DEP docetaxel also achieved a favourable safety and tolerability profile compared with conventional docetaxel with respect to a number of that product’s "Black Box" safety warnings regarding serious, life-threatening adverse events and other dose-limiting adverse events.

DEP docetaxel exhibited reduced rates compared with conventional docetaxel for several such "Black Box" adverse events, including neutropenia and febrile neutropenia, hypersensitivity and peripheral oedema (fluid retention), as well as problematic adverse events, including mucositis (mouth ulceration), nail disorders and hair loss (alopecia).

DEP docetaxel, when administered as monotherapy or in combination with nintedanib or gemcitabine, demonstrated a marked reduction in bone marrow toxicity (myelosuppression), including fewer reports of severe (≥ grade 3) neutropenia (0% for DEP docetaxel monotherapy and 2.5% of DEP docetaxel patients overall) and no cases of febrile neutropenia. This contrasts with conventional docetaxel, where virtually all patients experience neutropenia, and 75 to 85% experience severe (grade 4) neutropenia1.

Lower rates of myelosuppression in DEP docetaxel-treated patients also resulted in fewer instances of anaemia compared to conventional docetaxel. Conventional docetaxel (60 mg/m2) results in anaemia in more than 65% of patients, whereas only 8.0% of patients receiving DEP docetaxel monotherapy and 10% of patients overall experienced anaemia (all grades)1. DEP docetaxel-treated patients (monotherapy) experienced ≥ grade 3 anaemia at a rate of only 4.0%.

The conventional docetaxel formulation (e.g., Taxotere) contains toxic excipients, including detergent-like polysorbate-80 and ethanol, which are associated with severe hypersensitivity reactions, including sometimes fatal anaphylaxis. To reduce the risk of these reactions, patients receiving conventional docetaxel must undergo corticosteroid (cortisone) pre-treatment. Despite this steroid pre-treatment, approximately 15 to 20% of patients receiving conventional docetaxel still experience hypersensitivity reactions, with 2 to 4% experiencing severe allergic reactions or anaphylaxis1. Severe allergic reactions or anaphylaxis can be life-threatening and are the subject of an FDA "Black Box" warning for Taxotere.

Starpharma’s DEP docetaxel is a detergent-free, aqueous formulation that contains no toxic excipients, reducing the risk of hypersensitivity and anaphylaxis. Therefore, it does not require any corticosteroid pre-treatment. There were no cases of hypersensitivity reactions or anaphylaxis reported in the DEP docetaxel trial program, even without steroid pre-treatment.

Peripheral oedema is also a common and serious side effect of conventional docetaxel treatment (Taxotere), with 30 to 50% of patients experiencing it despite steroid pre-treatment1. However, even in the absence of steroid pre-treatment, only 6.3% of DEP docetaxel patients experienced peripheral oedema, and the events were mainly mild to moderate (grade 1/2).

DEP docetaxel treatment was also associated with significantly lower rates (3.8%) of oral mucositis (mouth ulcers) and no cases of severe mucositis. This incidence is much lower than for conventional docetaxel treatment, where these painful events are frequently observed (26% to 53% of patients), with up to 8% of cases experiencing severe mucositis, which can result in the dose reduction, discontinuation or delay of treatment1.

Moreover, alopecia (hair loss) was notably absent following DEP docetaxel monotherapy and only 2.5% overall (monotherapy and combination). This distressing side effect is frequently observed (56 to 76% of patients) with conventional docetaxel treatment1. In addition, a significant proportion of patients (approximately 10%) treated with Taxotere regimens have been reported to experience permanent hair loss4.

Overall, the DEP docetaxel Phase 2 trial program demonstrated encouraging anti-cancer activity and clinically meaningful responses in a range of difficult-to-treat cancers in heavily pre-treated, advanced, metastatic cancer patients who had failed or progressed on prior therapies. DEP docetaxel, when used in combination with either nintedanib or gemcitabine, demonstrated particularly encouraging anti-cancer activity in non-small cell lung cancer and pancreatic cancer, respectively. DEP docetaxel also demonstrated safety and tolerability benefits in key dose-limiting treatment-related adverse events, such as severe neutropenia, compared to published data on conventional docetaxel.

Additional Trial Information

The DEP docetaxel Phase 2 trial program employed a multi-centre, open-label trial design to assess the safety and, tolerability and preliminary efficacy of DEP docetaxel in patients with advanced, metastatic solid tumour cancers. The objectives of Phase 2 were to further explore the anti-tumour efficacy of DEP docetaxel in selected patient cohorts, and to further characterise the safety and tolerability of DEP docetaxel.

A total of 80 patients with advanced solid tumours were enrolled and treated with DEP docetaxel as a monotherapy or in combination with nintedanib or gemcitabine. Patients were enrolled across seven trial sites in the UK, including Guy’s Hospital London, University College London Hospital (UCLH), St James University Hospital in Leeds, Newcastle Freeman Hospital, The Christie Hospital in Manchester, The Beatson West of Scotland Cancer Centre in Glasgow, and Velindre Cancer Centre in Cardiff.

The Phase 2 trial efficacy and safety outcomes are based on results from 80 enrolled patients with advanced solid cancers. These cancers include pancreatic (N=21), gastro-oesophageal (N=15), lung (small cell and non-small cell; N=21) and small numbers of other advanced, hard-to-treat, rarer cancer types such as cholangiocarcinoma, melanomas, gastro-intestinal tumours, and sarcomas.

DEP docetaxel was administered intravenously (IV) once every three weeks (Q3W) at either 45 or 60 mg/m2 docetaxel as a monotherapy or in combination with nintedanib at 200 mg twice daily from day 2 to 21. In the DEP docetaxel and nintedanib combination arm, only advanced, metastatic non-small cell lung cancer (NSCLC) patients (N=13) were treated, in line with the approved indication for docetaxel and nintedanib (Vargatef[5]). For the DEP docetaxel and gemcitabine combination, docetaxel was administered at either 33 or 45 mg/m2 and 800 or 1000 mg/m2 gemcitabine; patients received gemcitabine immediately following DEP docetaxel on Day 1 and Day 8 of the 21 day / 3 weekly (Q3W) dose cycle.

Efficacy was assessed by radiographic imaging (CT [computerised tomography] scans) of tumours evaluated according to the Response Evaluation Criteria in Solid Tumours (RECIST) (version 1.1). All efficacy response data reported in this announcement are for evaluable patients. Evaluable patients are those that received ≥1 dose cycle of DEP docetaxel and had a CT scan to assess response to treatment at ≥7 weeks after commencement of treatment with DEP docetaxel.

Tumour biomarkers, such as CA19-9, were also assessed as a measure of anti-tumour activity, where applicable. Treatment of patients with DEP docetaxel continued until their disease progressed or worsened, or withdrawal for other reasons (e.g., COVID-19). However, if the treating investigator determined that clinical benefits, such as reduced pain or improved symptoms, were being derived from the treatment, patients had the option to continue treatment beyond disease progression.

All adverse events (AEs) reported for DEP docetaxel are also reported for conventional docetaxel (Taxotere).

Almost 90% of treatment-related AEs were mild (grade 1, 57.7%) or moderate (grade 2, 30%), with very few severe (≥ grade 3, 11.5%) events. AEs were generally well tolerated and manageable. The AEs observed (all grades) in ≥10% of all DEP docetaxel-treated patients in Phase 2 include fatigue (47.5%), nausea (42.5%), vomiting (25.0%), diarrhoea (20.0%), decreased appetite (23.8%), peripheral neuropathy (46.3%), arthralgia (13.8%), myalgia (15.0%), dyspnoea (10.0%) anaemia (10.0%) and thrombocytopenia (11.3%). Note: Patients in this study were heavily pre-treated with other anti-cancer therapies, including platinum drugs, which cause both severe myelosuppression and residual neurological toxicity (PN) and predispose patients to recurrence of these AEs with future treatments.

About DEP docetaxel

Developed by Starpharma, DEP docetaxel is a patented, dendrimer nanoparticle version of the chemotherapy drug docetaxel (Taxotere1), which achieved peak sales of US$3.1B before patent expiry and is widely used for the treatment of a number of common cancers, including lung, gastro-oesophageal, head and neck, breast, and prostate. Unlike conventional docetaxel, DEP docetaxel is an aqueous formulation, does not contain toxic detergent-like excipients associated with anaphylaxis, and avoids the need for steroid pre-medication. In both preclinical and clinical studies, DEP docetaxel has demonstrated an improved side effect profile in terms of key adverse events, including myelosuppression, oedema (fluid retention), alopecia (hair loss) and allergic reactions (anaphylaxis/hypersensitivity).

Shorla Oncology & EVERSANA Announce U.S. Commercial Launch of FDA-Approved JYLAMVO, the First and Only Oral Methotrexate Solution Approved in the U.S. for Adults

On December 19, 2023 Shorla Oncology (‘Shorla’), a U.S.-Ireland specialty pharmaceutical company, and EVERSANA, a leading provider of commercialization services to the life science industry, reported the commercial launch of JYLAMVO (methotrexate) oral solution, the first and only oral methotrexate solution approved in the United States for use in adults (Press release, EVERSANA, DEC 19, 2023, View Source [SID1234638680]). JYLAMVO has been shown to have a sweet, palatable taste1,2*and is approved to treat adults with acute lymphoblastic leukemia as part of a combination chemotherapy maintenance regimen; mycosis fungoides (cutaneous T-cell lymphoma) as a single agent or as part of a combination chemotherapy regimen; relapsed or refractory non-Hodgkin lymphomas as part of a metronomic combination chemotherapy regimen; rheumatoid arthritis; and severe psoriasis.

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"We are delighted to introduce JYLAMVO as an alternative treatment option for patients who may have difficulty swallowing pills," said Sharon Cunningham, Chief Executive Officer of Shorla Oncology. "This is our second product launch in the U.S. Market in 2023, and today’s announcement is another significant advancement in our pipeline and our mission to bring new therapeutic options to patients in need."

JYLAMVO received FDA approval in November 2022 and was acquired by Shorla Oncology in October 2023. JYLAMVO is the first and only oral methotrexate solution approved in the United States for use in adults, it has shown to have a sweet, palatable taste*, is stable at room temperature (68°F to 77°F) for 90 days and does not require refrigeration.

EVERSANA, the commercialization partner to Shorla, will provide comprehensive launch support including field deployment sales and training solutions, medical information, pharmacovigilance and quality services, revenue management, agency solutions, patient services, data and analytics, third-party logistics channel and trade relations support.

"We have immediately activated our full commercialization engine, combined with in-depth knowledge of the complex methotrexate market, to help patients who have waited far too long for other treatment options that can help meet their needs," said Jim Lang, CEO, EVERSANA. "Today’s announcement showcases the partnership we have built with the Shorla team, and we look forward to continuing to support their growing portfolio of therapies for patients in need."

Founded in Ireland, Shorla specializes in developing innovative oncology drugs, with a focus on orphan and pediatric cancers. With strong support from scientists and clinicians, the company has an advanced pipeline of oncology therapies to treat a number of unmet patient needs.

About JYLAMVO

JYLAMVO is a folate analog metabolic inhibitor indicated for the:

Treatment of adults with acute lymphoblastic leukemia (ALL) as part of a combination chemotherapy maintenance regimen.
Treatment of adults with mycosis fungoides (cutaneous T-cell lymphoma) as a single agent or as part of a combination chemotherapy regimen.
Treatment of adults with relapsed or refractory non-Hodgkin lymphoma as part of a metronomic combination regimen.
Treatment of adults with rheumatoid arthritis.
Treatment of adults with severe psoriasis.
For important safety information and full prescribing information, including boxed warning, please visit:

View Source Safety Information.pdf
View Source

Compugen will be Eligible to Receive $10 Million Milestone Payment upon Dosing of First Patient in AstraZeneca Phase 3 Rilvegostomig Trial in Biliary Tract Cancer

On December 19, 2023 Compugen Ltd. (Nasdaq: CGEN) (TASE: CGEN) a clinical-stage cancer immunotherapy company and a pioneer in computational target discovery, reported that it will be eligible to receive a milestone payment of $10 million from AstraZeneca (LSE/STO/Nasdaq: AZN), when the first patient is dosed in AstraZeneca’s ARTEMIDE-Bil01 trial with rilvegostomig (Press release, Compugen, DEC 19, 2023, View Source [SID1234638696]). Rilvegostomig is a PD-1/TIGIT bispecific antibody where the TIGIT component is derived from Compugen’s clinical-stage anti-TIGIT antibody, COM902. The ARTEMIDE-Bil01 trial is expected to recruit about 750 subjects in more than 20 countries with biliary tract cancer who will be randomized to receive rilvegostomig or placebo with investigator choice chemotherapy as adjuvant treatment after resection with curative intent.

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"I am delighted to see the advancement of rilvegostomig into Phase 3 by AstraZeneca, a global leader in oncology," said Anat Cohen-Dayag, Ph.D., President, and Chief Executive Officer of Compugen. "I believe that the progress of the rilvegostomig clinical program in this Phase 3 trial along with the Phase 1 and 2 trials in additional indications, demonstrates the commitment to explore the potential of this bispecific antibody, where the TIGIT component is derived from our anti-TIGIT antibody COM902."

About the Compugen-AstraZeneca license agreement

In 2018, Compugen and AstraZeneca entered into an agreement by which Compugen provided an exclusive license to AstraZeneca to use Compugen’s monospecific antibodies that bind to TIGIT, including COM902, for the development of bispecific and multispecific antibody products, excluding such bispecific and multispecific antibodies that also bind to PVRIG, PVRL2 and/or TIGIT. AstraZeneca is responsible for all research, development, and commercial activities. AstraZeneca has the right to create multiple products under this license. In addition to the $10 million milestone payment described here which Compugen will be eligible to receive on dosing of the first patient in the Phase 3 ARTEMIDE-Bil01 trial, Compugen has received a $10 million upfront payment, and an additional $15.5 million in milestone payments to date, all out of up to an aggregate milestone amount of $200 million that the Company is eligible to receive in development, regulatory and commercial milestones for the first product, as well as tiered royalties on future product sales. If additional bi- or multi-specific products are developed based on Compugen’s monospecific antibodies that bind to TIGIT, additional milestones and royalties would be due to Compugen.

Further details about ARTEMIDE-Bil01 trial are available on ClinicalTrials.gov, identifier: NCT06109779.