Akeso’s Cadonilimab (PD-1/CTLA-4), the First Dual Immune Checkpoint Inhibitor to Treat Cancer, Approved for Marketing in China

On June 29 2022 Akeso, Inc. (9926.HK) ("Akeso"), a China-based biopharmaceutical company focusing on the development and commercialization of innovative therapeutic antibodies for Oncology & Immunology reported that its PD-1/CTLA-4 bi-specific antibody开坦尼 (Candonilimab injection, AK104) has received marketing approval from China Medical Products Administration (NMPA), for the treatment of relapsed or metastatic cervical cancer (R/M CC) patients who progressed on or after platinum-based chemotherapy (Press release, Akeso Biopharma, JUN 29, 2022, View Source [SID1234616389]).

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开坦尼 is a novel, first-in-class PD-1/CTLA-4 bi-specific immuno-therapy drug in-house developed by Akeso. It is globally first dual immune checkpoint inhibitor bi-specific antibody approved for marketing . This approval not only marks China’s innovative biotech companies starts to reap the fruits after years of R&D investments, but also demonstrates that Chinese biotech companies represented by Akeso are closing the gap with global pharmaceutical companies rapidly in innovative drug development.

The approval of 开坦尼 by NMPA is based on the positive results across a pivotal Phase II clinical study on Cadonilimab for treatment of R/M CC patients who progressed on or after platinum-based chemotherapy. The results were presented at 2022 Society of Gynecologic Oncology(SGO) Annual Meeting[1].

Among 100 evaluable patients with tumor assessment, the Objective Response Rate (ORR) confirmed by Independent Radiography Review Committee (IRRC) was 33.0%, the complete response (CR) rate was 12.0% and the Duration of Response (DoR) rates at 6 and 12 months were 77.6% and 52.9% respectively. The median Progression-free Survival (PFS) was 3.75 months. The median Overall Survival (OS) was 17.51 months.
In the subgroup analysis, among the 64 patients with PD-L1 positive (CPS ≥ 1), ORR was 43.8%, median PFS was 6.34 months and median OS was not reached.
Among the total 111 enrolled patients, the incidence rate of Grade≥3 treatment related adverse events(TRAEs) was 27.0%.
China has the second largest population of cervical cancer patients in the world, with 110,000 new cases in 2020.There is no standard treatment for R/M CC patients who has progressed on or after platinum-based chemotherapy, and monotherapy is a common clinical treatment option with limited efficacy and obvious toxicity. The approval of 开坦尼 addresses a huge unmet medical needs for advanced cervical cancer in China.

"Cadonilimab represents an important step forward for R/M CC treatment, and it’s a more effective treatment option for all patients with advanced cervical cancer," said Professor Wu Xiaohua, Director of Oncology and Gynecology at the Cancer Hospital Affiliated to Fudan University. Findings from the study showed that Cadonilimab has superior anti-tumor effecacy in both PD-L1 positive and negative subjects with R/M CC who progressed on previous first-line platinum-based chemotherapy."

"Regarding approved therapies in China, the median OS of cervical cancer patients after second-line treatment is about 5 to 9 months. In contrast, Cadonilimab has extended the OS by about 8~13 months," said Professor Wu Xiaohua. "Cadonilimab is a safe, and efficient therapy that clinicians can choose with trust."

"We are thrilled to see the success of Cadonilimab in second-or third-line R/M CC," said Professor Wang Jing, Vice President of Hunan Cancer Hospital. "After its marketing approval, the gradual accumulation of medical evidence in the clinical application of Cadonilimab will not only help promote the ongoing Phase III clinical study on Cadonilimab plus platinum-based chemotherapy +/- bevacizumab in first-line treatment for R/M cervical cancer, but also further increase the confidence of clinicians and patients in selecting it when it’s used in future first-line treatment."

"In the Phase II study on Cadonilimab for the first-line treatment of R/M CC in combination with platinum-based chemotherapy +/- Bevacizumab[2], ORR was 79.3% regardless of PD-L1 expression; ORR was 82.4% for patients with CPS ≥ 1, and 75.0% for patients with CPS < 1. Its safety profile is better than that shown in the disclosed data of clinical studies on other tumor immunotherapies combined with chemotherapy +/- Bevacizumab," said Professor Wang Jing. "This result continues Cadonilimab’s excellent performance as monotherapy in second-or third-line R/M CC and heralds the significant clinical value of Cadonilimab with its great potential to cover the full spectrum of R/M CC population."

"I’m glad that 开坦尼 has been approved for marketing in China. As a first-in-class bi-specific antibody, 开坦尼 fully exploits the synergistic anti-tumor effect of two immune checkpoint inhibitors, PD-1 and CTLA-4, with significantly fewer side effects than the combined use of monoclonal antibodies with two targets," said Dr. Michelle Xia, Founder, Chairwoman and CEO of Akeso. "We believe its promising anti-tumor efficacy and safety profile will provide tangible clinical benefits to a wide range of oncology patients worldwide. We have established a professional and efficient commercialization team in China and will make this innovative drug available to patients as quickly as possible. Meanwhile we are accelerating its clinical research in lung cancer, liver cancer, gastric cancer, and other malignant tumors, while advancing the early-line treatments. We are confident to surpass existing therapy and promote tumor immunotherapy into the 2.0 era."

Currently, multiple clinical trials of Cadonilimab has been conducted in major cancer indications including lung, liver, stomach, cervical, renal cancer, and others. Among them, a global phase III trial of Cadonilimab combined with platinum-based chemotherapy +/- bevacizumab for the first-line treatment of recurrent/metastatic cervical cancer has completed patients enrollment, and a phase III trial of Cadonilimab plus concurrent chemoradiotherapy (CCRT) for locally advanced cervical cancer (LACC) is ongoing. In addition, two phase III trials of Cadonilimab to treat early-stage hepatocellular carcinoma (HCC) and gastric (G) or gastroesophageal junction (GEJ) cancer are also ongoing.

A case study shows contribution of Cellestia ’s CB-103 in achieving complete response in a relapse/refractor T-ALL patient

On June 29, 2022 Cellestia reported to share a case report of complete clinical response in a patient with relapsed and refractory T-ALL after treatment with Cellestia’s CSL-NICD inhibitor CB-103 thanks to the collaboration with the team of the Department of Hematology, University Hospital Basel (Press release, Cellestia Biotech, JUN 29, 2022, View Source [SID1234616354]). The study has been just published in a peer reviewed journal (eJHaem published by British Society for Haematology).

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Janssen Announces U.S. FDA Breakthrough Therapy Designation Granted for Talquetamab for the Treatment of Relapsed or Refractory Multiple Myeloma

On June 29, 2022 The Janssen Pharmaceutical Companies of Johnson & Johnson reported that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation (BTD) for talquetamab for the treatment of adult patients with relapsed or refractory multiple myeloma, who have previously received at least 4 prior lines of therapy, including a proteasome inhibitor, an immunomodulatory agent, and an anti-CD38 antibody (Press release, Johnson & Johnson, JUN 29, 2022, View Source [SID1234616390]). Talquetamab is an investigational, off-the-shelf, T-cell redirecting bispecific antibody targeting both GPRC5D, a novel drug target, on multiple myeloma cells and CD3 on T-cells. This distinction for talquetamab follows a PRIME (PRIority MEdicines) designation from the European Medicines Agency (EMA) on January 29, 2021, and an Orphan Drug Designation (ODD) from the FDA on May 3, 2021. Today’s milestone marks the 12th BTD received by Janssen in oncology and the third such designation for the company’s portfolio of bispecific antibodies.

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"This Breakthrough Therapy Designation marks an important step in the continued development of talquetamab, a first-in-class bispecific antibody T-cell engager using GPRC5D, a novel target for the treatment of patients with relapsed or refractory multiple myeloma," said Sen Zhuang, M.D., Ph.D., Vice President, Clinical Research and Development, Janssen Research & Development, LLC. "Despite the therapies available for patients with relapsed or refractory multiple myeloma, new targets and treatments are needed because of the heterogeneity of the disease, which can impact a patient’s response to treatment. We are resolute in our commitment to advance science and develop new therapies and regimens for patients with the goal of delivering the best possible outcomes while driving toward cures."

The Breakthrough Therapy Designation is supported by data from the Phase 1/2, first-in-human dose-escalation MonumenTAL-1 study of talquetamab (Phase 1: NCT03399799; Phase 2: NCT04634552) for the treatment of heavily pretreated patients with relapsed or refractory multiple myeloma.1

Data from the MonumenTAL-1 study were featured during the 2022 European Hematology Association (EHA) (Free EHA Whitepaper) Annual Congress as an oral presentation (Abstract #S182)2 and were presented at the 2022 American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting (Abstract #8015).3

The FDA grants BTD to expedite the development and regulatory review of an investigational medicine that is intended to treat a serious or life-threatening condition and is based on preliminary clinical evidence that demonstrates the drug may have substantial improvement in at least one clinically significant endpoint over available therapy.4

About Talquetamab
Talquetamab is a potential first-in-class, investigational T-cell redirecting bispecific antibody targeting both GPRC5D, a novel multiple myeloma target that does not shed over time, and CD3, a component of the T-cell receptor.1 CD3 is involved in activating T-cells, and GPRC5D is highly expressed on multiple myeloma cells.5,6 Results from preclinical studies in mouse models demonstrate that talquetamab induces T-cell-mediated killing of GPRC5D-expressing multiple myeloma cells through the recruitment and activation of CD3-positive T-cells and inhibits tumor formation and growth.7

Talquetamab is currently being evaluated in a Phase 1/2 clinical study for the treatment of relapsed or refractory multiple myeloma (NCT03399799) and is also being explored in combination studies (NCT04586426).

About Multiple Myeloma
Multiple myeloma is an incurable blood cancer that affects white blood cells called plasma cells, which are found in the bone marrow.8 When malignant, these plasma cells rapidly spread and replace normal cells in the bone marrow. In 2020, an estimated 176,000 people worldwide were diagnosed with multiple myeloma.9 In 2022, it is estimated that more than 34,000 people will be diagnosed with multiple myeloma, and more than 12,000 people will die from the disease in the U.S.10 While some people diagnosed with multiple myeloma initially have no symptoms, most patients are diagnosed due to symptoms that can include bone fracture or pain, low red blood cell counts, tiredness, high calcium levels, kidney problems or infections.11

Entry into a Material Definitive Agreement

On June 29, 2022, Exact Sciences Corporation (the "Company"), reported that through a wholly-owned special purpose entity, Exact Receivables LLC ("Exact Receivables"), entered into an accounts receivable securitization program (the "Securitization Facility") with PNC Bank, National Association ("PNC"), as administrative agent, with a scheduled maturity date of June 29, 2024 (Filing, 8-K, Exact Sciences, JUN 29, 2022, View Source [SID1234616407]). The Securitization Facility provides Exact Receivables with up to $150.0 million of borrowing capacity, subject to maintaining certain borrowing base requirements, by collateralizing the customer accounts receivable of Exact Sciences Laboratories, LLC and Genomic Health, Inc.

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PNC serves as the lender pursuant to a Loan Agreement with the Company dated November 5, 2021, under which a revolving line of credit of up to $150.0 million is available to the Company, until a scheduled termination date of November 5, 2023.

On June 29, 2022, Exact Receivables borrowed $50.0 million under the Securitization Facility.

Outstanding loans under the Securitization Facility accrue interest at a rate equal to a daily SOFR rate, a term SOFR rate or a base rate, in any case, plus an applicable margin. Additionally, Exact Receivables will pay certain fees to the agents and the lenders under the Securitization Facility.

The Securitization Facility contains certain customary representations, warranties, affirmative covenants and negative covenants, subject to certain cure periods in some cases, including the eligibility of the receivables, as well as customary reserve requirements, events of default, termination events, and servicer defaults. The Securitization Facility termination events permit the lenders to terminate the Receivables Financing Agreement upon the occurrence of certain specified events, including, among others, failure by Exact Receivables to pay amounts when due, certain defaults on other material indebtedness, certain judgments, a change of control, certain events negatively affecting the overall credit quality of transferred receivables and bankruptcy and insolvency events.

The Securitization Facility consists of, among other agreements, (i) a Receivables Financing Agreement (the "Receivables Financing Agreement") among Exact Receivables, PNC, as administrative agent, and the lenders and other parties party thereto, (ii) a Receivables Purchase Agreement (the "Company Purchase Agreement") among the Company and certain subsidiaries of the Company and (iii) a Receivables Purchase Agreement (the "Borrower Purchase Agreement") among Exact Receivables and the Company. The foregoing descriptions of the Receivables Financing Agreement, the Company Purchase Agreement and the Borrower Purchase Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are filed herewith as Exhibit 10.1, Exhibit 10.2, and Exhibit 10.3, respectively, and the terms of which are incorporated herein by reference.

Abbott Hosts Conference Call for Second-Quarter Earnings

On June 29, 2022 Abbott (NYSE: ABT) reported that it will announce its second-quarter 2022 financial results on Wednesday, July 20, 2022, before the market opens (Press release, Abbott, JUN 29, 2022, View Source [SID1234616356]).

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The announcement will be followed by a live webcast of the earnings conference call at 8 a.m. Central time (9 a.m. Eastern), and will be accessible through Abbott’s Investor Relations website at www.abbottinvestor.com. An archived edition of the call will be available later that day.