Ipsen to acquire exclusive rights to investigational ERK inhibitor as part of its existing research collaboration with AGV Discovery

On August 1, 2022 Ipsen (Euronext: IPN; ADR: IPSEY) and AGV Discovery reported that Ipsen has exercised its option to acquire exclusive worldwide rights to an investigational ERK inhibitor, discovered by AGV Discovery (Press release, Ipsen, AUG 1, 2022, View Source [SID1234617185]).

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The decision follows the successful achievement of a key developmental milestone and is the result of a research collaboration and option agreement between the companies, established in September 2020.

"We were encouraged by the early pre-clinical data and are excited to support the ongoing development of this promising therapeutic candidate", said Christelle Huguet, Senior Vice President, Head of Research, External Innovation and Early Development (REED) at Ipsen. "We look forward to advancing the science that we hope can one day deliver new, innovative treatments for cancer patients with high unmet needs across a range of different tumor types."

Cédric BORIES, President, AGV Discovery commented, "I am happy and proud to officially extend our collaboration with Ipsen. It represents a great opportunity to demonstrate our capabilities and have our asset grow, under the guidance of this innovative pharmaceutical company".

Innovent and Laekna Jointly Announce First Patient Dosed with Three-drug Combination in a Phase 1/2 Study for the Treatment of Patients with Solid Tumors Who Were Resistant to Prior Anti-PD-1/PD-L1 Therapy

On July 31, 2022 Innovent Biologics, Inc. ("Innovent") (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of cancer, autoimmune, metabolic, ophthalmology and other major diseases, and Laekna Therapeutics, a clinical-stage biotechnology company dedicated to bringing ground-breaking therapies to cancer and liver fibrosis patients worldwide, reported that the first patient has been dosed in a Phase 1/2 clinical trial (clinicaltrials.gov, NCT05383482) of a three-drug combination therapy (afuresertib + sintilimab + chemotherapy) in patients with specific solid tumors who were resistant to anti-PD-1/PD-L1 therapy at the West China Second Hospital of Sichuan University (Press release, Innovent Biologics, JUL 31, 2022, View Source [SID1234617158]). This marks a key milestone on the first anniversary of the clinical research partnership established between Innovent and Laekna in July 2021.

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The study is a multi-center, single-arm, open-label, dose-escalation Phase 1/2 clinical study, assessing recommended Phase 2 dose (RP2D), safety, tolerability and anti-tumor activity of afuresertib in combination with sintilimab and chemotherapy (nab-paclitaxel or docetaxel) in patients with solid tumors who were resistant to prior anti-PD-1/PD-L1 therapy. The principal investigator of the study is Professor Lin Shen, Director of the Department of Gastrointestinal Oncology of Beijing Cancer Hospital. The primary endpoints of the Phase 1 dose escalation study are maximum tolerated dose (MTD) and RP2D, and the primary endpoint of the Phase 2 study is overall response rate (ORR). The study is planned to be extended as a multi-regional clinical trial at the pivotal stage.

The clinical trial assesses five types of solid tumors, including non-small cell lung cancer (NSCLC), gastric cancer/gastroesophageal junction cancer (GC/GEJC), esophageal cancer (EsC), cervical cancer (CC) and endometrial cancer (EC). The study focuses on the AKT inhibitor, a potential new therapy for drug resistant-cancer, to address the unmet medical needs in cancer immunotherapy resistance and bring hope to solid tumor patients who have received prior anti-PD-1/PD-L1 treatments.

The combination therapy consists of Laekna’s afuresertib (LAE002), a highly selective ATP competitive AKT inhibitor in pivotal clinical trials with favorable clinical efficacy and safety profile, and Innovent’s PD-1 inhibitor sintilimab (TYVYT), which has been approved for six indications in China with the first four included in the National Reimbursement Drug List (NRDL).

The subject who received the first dose was a patient with cervical cancer. Professor Rutie Yin, investigator of the center where the first patient was dosed and Director of the Department of Chemoradiotherapy Oncology at the West China Second Hospital of Sichuan University, said, "Cervical cancer is the fourth most common cancer globally in women1. In 2020, China reported about 110,000 new cases and about 60,000 death cases of cervical cancer2. Patients are faced with limited treatment options and the prognosis is poor3,4. Immunotherapy plays an increasingly important role in the treatment of recurrent or metastatic cervical cancer, and there is huge unmet need. With the launch of new immunosuppressants, they’ve been applied to more patients and become essential for the treatment of cervical cancer. AKT inhibitor, a serine/threonine-specific protein kinase, is considered a potential new target for cancer treatment as results of multiple preclinical studies showed that inhibition of AKT could restore the sensitivity of cancer cells to anti-tumor therapies. We look forward to the progress of the clinical trial and hope it will bring new breakthroughs to the later-line treatment of cervical cancer in China."

Professor Lin Shen, principal investigator of the study, Director of the Department of Gastrointestinal Oncology of from Beijing Cancer Hospital, stated, "Innovation never stops in oncology as we are always looking for new ways to treat cancer patients. Based on results from the preclinical and clinical studies, the combination of an immune checkpoint inhibitor, an AKT inhibitor and taxanes shows potential to be a new treatment option for patients who were resistant to immune checkpoint inhibitors5,6,7,8. The trial conducted by Laekna and Innovent aims to explore this innovative combination therapy and validate this new promising solution. There is a significant clinical need for patients with digestive system and gynecologic solid tumors in China; we hope to see that AKT-targeting therapy will prove to be an effective strategy to overcome drug resistance."

Dr. Hui Zhou, Senior Vice President of Innovent, stated, "With the increasing prescription of immune checkpoint inhibitors (ICI) in first-line settings in various tumor types, many patients developed ICI resistance or have poor response rates in clinical practice. It is of great clinical value to explore potential treatments for this huge unmet medical need. Sintilimab is the first PD-1 inhibitor in China with first-line indications for 5 major types of cancers. Innovent hopes to continue to develop the potential of high-quality drugs, in this case by combination therapy with Laekna’s innovative AKT inhibitor. We look forward to the results of clinical trial to bring clinical benefits to patients with specific solid tumors."

Dr. Yong Yue, Chief Medical Officer of Laekna, said, "It took less than six months to complete the journey from IND approval to dosing of first patient, showing robust strategic execution of Laekna’s global clinical team. There are three main considerations in selecting the five types of solid tumors: PD-1/PD-L1 inhibitors have been approved as the standard-of-care treatments for those cancers in multiple countries; higher rates of biomarkers that activate the AKT pathway in patients with resistance to anti-PD-1/PD-L1 therapy were observed in those cancers; and the incidence rates and death rates are relatively high in China. We hope this innovative three-drug combination therapy will benefit patients with these solid tumors."

About Afuresertib (LAE002)

Afuresertib (LAE002) is an investigational highly selective adenosine triphosphate (ATP) competitive AKT inhibitor.

Laekna in-licensed afuresertib from Novartis in 2018 and are conducting five combination therapy clinical trials for the treatment of ovarian cancer, prostate cancer, breast cancer, and PD-1/PD-L1-resistant solid tumors. Prior to Laekna’s in-licensing agreement, over 10 clinical trials had been conducted to demonstrate the safety and efficacy profiles of afuresertib. In the Phase Ib study conducted by Novartis, afuresertib showed potential anti-tumor efficacy in platinum-resistant ovarian cancer (PROC) patients with an overall response rate (ORR) of 32.1% and progression-free survival (PFS) of 7.1 months9. In pre-clinical studies, afuresertib has demonstrated its ability to restore platinum/paclitaxel sensitivity in PROC cell lines. After the in-licensing agreement, Laekna also identified the therapeutic potential of combining afuresertib and LAE001 (an investigational potential first-in-class next-generation androgen synthesis inhibitor that simultaneously inhibits both CYP17A1 and CYP11B2) and observed their synergistic anti-tumor efficacy in our completed Phase 1 and ongoing Phase 2 studies in metastatic castration-resistant prostate cancer (mCRPC) patients as second- to fourth-line treatments. According to Frost & Sullivan, afuresertib is one of the three AKT inhibitors worldwide that have entered pivotal clinical trials10.

About Sintilimab

Sintilimab, marketed as TYVYT (sintilimab injection) in China, is a PD-1 immunoglobulin G4 monoclonal antibody jointly developed by Innovent and Eli Lilly and Company. Sintilimab is a type of immunoglobulin G4 monoclonal antibody, which binds to PD-1 molecules on the surface of T-cells, blocks the PD-1 / PD-Ligand 1 (PD-L1) pathway, and reactivates T-cells to kill cancer cells11. Innovent is currently conducting more than 20 clinical studies of sintilimab to evaluate its safety and efficacy in a wide variety of cancer indications, including more than 10 registrational or pivotal clinical trials.

In China, sintilimab has been approved for six indications as below, with the first four included in the National Reimbursement Drug List (NRDL), including:

The treatment of relapsed or refractory classic Hodgkin’s lymphoma after two lines or later of systemic chemotherapy;
In combination with pemetrexed and platinum chemotherapy, for the first-line treatment of non-squamous non-small cell lung cancer lacking EGFR or ALK driver mutations;
In combination with gemcitabine and platinum chemotherapy, for the first-line treatment of squamous non-small cell lung cancer;
In combination with BYVASDA (bevacizumab biosimilar injection) for the first-line treatment of unresectable or advanced hepatocellular carcinoma;
In combination with cisplatin plus paclitaxel or cisplatin plus 5-fluorouracil for the first-line treatment of esophageal squamous cell carcinoma;
In combination with fluorouracil and platinum-based chemotherapy for the first-line treatment of unresectable, locally advanced, recurrent or metastatic gastric or gastroesophageal junction adenocarcinoma.
Innovent currently has the regulatory submission for sintilimab in combination with bevacizumab biosimilar and chemotherapy for EGFR-mutated non-squamous NSCLC following EGFR-TKI treatment under review in the China’s NMPA.

Additionally, two clinical studies of sintilimab have met their primary endpoints:

Phase 2 study as second-line treatment of esophageal squamous cell carcinoma;
Phase 3 study as second-line treatment for squamous NSCLC with disease progression following platinum-based chemotherapy.

EpiAxis highlights – July 2022

On July 30, 2022 EpiAxis Therapeutics reported to update venture capitalists, corporate investors, private investors and investment bankers on its latest epigenetic findings (Press release, EpiAxis Therapeutics, JUL 30, 2022, View Source;utm_medium=rss&utm_campaign=epiaxis-highlights-july-2022 [SID1234617155]).

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The company is currently working with The Sage Group to raise US$12million to advance a candidate into an IND enabled program following the findings of its pioneering clinical trial EPI-PRIMED. This was the first time that an epigenetic inhibitor had been used in combination with chemotherapy to treat metastatic breast cancer and the findings give EpiAxis a solid foundation for its next clinical trial using its novel peptide inhibitors..

EpiAxis CEO Dr Jeremy Chrisp pitched at youngStartup Ventures Network’s Venture Summit West 2022, which was held in Silicon Valley from 19-20 July 2022.

The exclusive venture summit focused on emerging and early stage companies as well as showcasing more than 100 top innovators in the tech, fintech, cleantech, lifesciences, healthcare and medtech sectors.

Venture Summit West only accepts presenters who meet strict criteria based on industry, stage, business model, size of the target audience, milestones achieved to date, and whether the company would be of interest to the featured investors. Its presentation programs are geared toward emerging growth companies looking to gain visibility among active investors and raise capital.

"We were excited to be one of only 200 companies worldwide to earn a coveted presentation spot at the 10th annual Venture Summit West," said Dr Chrisp. "It was energising to increase investor awareness in the advances that have been made in epigenetic treatments for metastatic cancer."

Wholesale Investor also shared the results of EpiAxis’ EPI-PRIMED trial with its engaged and growing ecosystem of over 29,300 high-net-worth investors, fund managers, family offices, PE and VC firms, government bodies and industry participants.

Wholesale Investor is Australasia’s leading investment platform. It connects innovative, emerging companies that are looking to raise capital with its active investor base.

New NSF awards will advance theoretical foundations of data science research through interdisciplinary collaborations

On July 29, 2022 National Science Foundation reported that Data science is an expanding field that requires the expertise of computer scientists, engineers, mathematicians, and statisticians to handle the complex analysis of ever-larger data sets (Press release, National Science Foundation, JUL 29, 2022, View Source [SID1234617130]). Data affect how industry, academia and government operate. The U.S. National Science Foundation is committed to leading the nation in foundational data science research.

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As part of this effort, NSF announces two new Transdisciplinary Research in Principles of Data Science, or TRIPODS, Phase II awards totaling $20 million that bring together scientists and engineers from different research communities to further the theoretical foundations of data science through integrated research and training activities. TRIPODS is tied to NSF’s Harnessing the Data Revolution Big Idea, which aims to accelerate discovery and innovation in data science algorithms, data infrastructure, and education and workforce development.

Phase II of the program will continue to support the development of collaborative institutes to delve deeper into foundational issues in data science, such as design of algorithms for analyzing large, complex, noisy and changing data sets; data that includes historical biases and elements influenced by self-interested and possibly malicious parties; and the need for fair, ethical and understandable results from complex data-driven decision-making processes.

"The NSF TRIPODS Institutes will bring advances in data science theory that improve health care, manufacturing, and many other applications and industries that use data for decision-making," said NSF Division Director for Electrical, Communications and Cyber Systems Shekhar Bhansali.

TRIPODS awards aim to achieve these goals and other long-term major impacts in areas ranging from basic science to commerce and law by bringing together electrical engineering, mathematics, statistics, and theoretical computer science communities in synergistic and mutually beneficial ways to develop a unified foundation for data science.

NSF is supporting two new teams over five years focused on these topics, bringing the total number of TRIPODS Phase II Institutes to four. Previous TRIPODS Institutes were announced in 2020.

The Institute for Emerging CORE Methods in Data Science, or EnCORE, is led by the University of California San Diego in collaboration with the University of California, Los Angeles; University of Pennsylvania; and The University of Texas at Austin. EnCORE brings together scientists from multiple disciplines such as statistics, mathematics, electrical engineering, theoretical computer science, machine learning and health science, among others.

EnCORE’s team will focus on the four CORE pillars of data science: C for complexities of data, O for optimization, R for responsible learning, and E for education and engagement. The institute is fostering a plan for outreach and broadening participation by engaging students of diverse backgrounds at all levels, from K-12 to postdocs and junior faculty. The project aims to reach a wide demography of students by offering collaborative courses across its partner universities and a flexible co-mentorship plan for multidisciplinary research.

To bring theoretical development into practice, EnCORE will work with industry partners and domain scientists and will forge strong connections with other NSF Harnessing the Data Revolution Institutes across the nation.

Institute for Emerging CORE Methods in Data Science awards: UC San Diego, UCLA, University of Pennsylvania, and The University of Texas at Austin.

The Institute for Data, Econometrics, Algorithms, and Learning, or IDEAL, is a multi-institution and transdisciplinary institute led by the University of Illinois Chicago in collaboration with Northwestern University; Toyota Technological Institute at Chicago; the University of Chicago; and Illinois Institute of Technology, in partnership with members of the Learning Theory team at Google. The institute involves more than 50 researchers working on key aspects of the foundations of data science across computer science, electrical engineering, mathematics, statistics, and fields such as economics, operations research and law.

Research will center around the foundations of machine learning, high-dimensional data analysis and inference, and data science and society. Topics include foundations of deep learning, reinforcement learning, machine learning and logic, network inference, high-dimensional data analysis, trustworthiness and reliability, fairness, and data science with strategic agents.

The institute will broaden research and education participation from underrepresented groups by organizing activities that engage diverse communities of students at all levels, including high school and undergraduate students, as well as teachers (through a partnership with Math Circles of Chicago) and the public (via lectures in partnership with the Museum of Science and Industry).

Institute for Data, Econometrics, Algorithms, and Learning awards: UIC, Toyota Technological Institute, The University of Chicago, IIT, Northwestern University.

"The new 2022 TRIPODS awards address foundational challenges in data science at the core of data-driven discovery and decision making," said NSF Division Director for Computing and Communication Foundations (CCF) Dilma Da Silva. "CCF is pleased to be able to support these impactful projects."

VolitionRx Limited Announces Pricing of $6 Million Underwritten Public Offering of Common Stock

On July 29, 2022 VolitionRx Limited (NYSE AMERICAN: VNRX) ("Volition"), a multi-national epigenetics company, reported the pricing of its underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $2.00 per share (Press release, VolitionRX, JUL 29, 2022, View Source [SID1234617149]). The gross proceeds to Volition from the offering, before deducting the underwriting commissions and other estimated offering expenses payable by Volition, are expected to be $6 million. In addition, Volition has granted the underwriter in the offering a 30-day option to purchase up to an additional 450,000 shares of its common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments in connection with the offering. The offering is expected to close on or about August 2, 2022, subject to the satisfaction of customary closing conditions.

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Volition intends to use the net proceeds from the offering for research and continued product development, clinical studies, product commercialization, working capital and other general corporate purposes, including potential strategic acquisitions.

Newbridge Securities Corporation is acting as the sole book-running manager of the offering.

The securities are being offered by Volition pursuant to a "shelf" registration statement on Form S-3 (File No. 333-259783) previously filed with the Securities and Exchange Commission (the "SEC") on September 24, 2021 and declared effective by the SEC on November 8, 2021. The offering is being made only by means of a prospectus supplement and an accompanying base prospectus, as may be further supplemented by any free writing prospectus and/or pricing supplement that the Company may file with the SEC. A preliminary prospectus supplement and an accompanying base prospectus describing the terms of the proposed offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the offering can also be obtained, when available, from Newbridge Securities Corporation, Attn: Equity Syndicate Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432, by email at [email protected], or by telephone at (877) 447-9625. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

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 other jurisdiction.