Veracyte to Release Second Quarter 2022 Financial Results on August 2, 2022

On July 14, 2022 Veracyte, Inc. (Nasdaq: VCYT) reported that it will release financial results for the second quarter of 2022 after the close of market on Tuesday, August 2, 2022 (Press release, Veracyte, JUL 14, 2022, View Source [SID1234616684]). Company management will host a conference call and webcast to discuss financial results and provide a general business update at 4:30 p.m. Eastern Time on the same day.

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The conference call will be webcast live from the company’s website and will be available via the following link: View Source A webcast replay will be available following the conclusion of the live broadcast and will be accessible on the company’s website at View Source

The conference call dial-ins can be accessed by registering at: https://register.vevent.com/register/BI2d52800c01ef45e7b962619638558741

BIO-TECHNE TO HOST CONFERENCE CALL ON AUGUST 4, 2022, TO ANNOUNCE FOURTH QUARTER 2022 FINANCIAL RESULTS

On July 14, 2022 Bio-Techne Corporation (NASDAQ: TECH) reported that management will host a conference call and webcast on Thursday, August 4, 2022, at 8:00 a.m. CDT to review fourth quarter 2022 financial results (Press release, Bio-Techne, JUL 14, 2022, https://investors.bio-techne.com/news/detail/313/bio-techne-to-host-conference-call-on-august-4-2022-to-announce-fourth-quarter-2022-financial-results [SID1234616668]).

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A recorded rebroadcast will be available for interested parties unable to participate in the live conference call by dialing 1-844-512-2921 or 1-412-317-6671 (for international callers) and referencing Conference ID 22019664.

The replay will be available from 11:00 a.m. CDT on Thursday, August 4, 2022, until 11:00 p.m. CDT on Sunday, September 4, 2022.

BeiGene Provides Regulatory Update on the U.S. Biologics License Application (BLA) for PD-1 Inhibitor Tislelizumab in 2L ESCC

On July 14, 2022 BeiGene (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide, reported that the U.S. Food and Drug Administration (FDA) has deferred action on the Biologics License Application (BLA) for tislelizumab as a second-line (2L) treatment for patients with unresectable or metastatic esophageal squamous cell carcinoma (ESCC) (Press release, BeiGene, JUL 14, 2022, View Source [SID1234616685]). The FDA has been unable to conduct required inspections in China due to COVID-19 related travel restrictions. As a result, the FDA is deferring action on the application until the inspections are complete.

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In the letter, the FDA cited only travel restrictions and the inability to complete inspections as the reason for the deferral. The application remains under review, and the FDA did not provide a new anticipated action date as they continue to monitor the public health situation and travel restrictions. BeiGene and Novartis will continue to work actively with the FDA to support scheduling the required inspections as soon as possible.

"We are working with our partner, Novartis, to facilitate the required inspections and bring tislelizumab to patients with second-line esophageal cancer in the U.S. following regulatory approval," said John V. Oyler, Co-Founder, Chairman and CEO of BeiGene.

In September 2021, the FDA accepted the BLA for tislelizumab in 2L ESCC and provided a Prescription Drug User Fee Act (PDUFA) goal date of July 12, 2022. The evidence base for the BLA submission includes results from RATIONALE 302, a randomized, open-label, multi-regional Phase 3 trial that enrolled 512 patients from Europe, U.S. and Asia and safety data on 1,972 patients who received tislelizumab as a monotherapy from seven clinical trials. The RATIONALE 302 trial demonstrated a 30% reduction in the risk of death (HR=0.70, 95% CI: 0.57-0.85, p=0.0001) and extended median overall survival by 2.3 months compared to chemotherapy in people with unresectable recurrent locally advanced or metastatic ESCC who had received prior systemic therapy. Study results were published in Journal of Clinical Oncology in May 2022.i

About Tislelizumab
Tislelizumab is a humanized IgG4 anti-PD-1 monoclonal antibody specifically designed to minimize binding to Fc-gamma (Fcγ) receptors on macrophages, helping to aid the body’s immune cells to detect and fight tumors. In pre-clinical studies, binding to Fcγ receptors on macrophages has been shown to compromise the anti-tumor activity of PD-1 antibodies through activation of antibody-dependent macrophage-mediated killing of T effector cells.

Tislelizumab is the first drug from BeiGene’s immuno-oncology biologics program and is being developed internationally as a monotherapy and in combination with other therapies for the treatment of a broad array of both solid tumor and hematologic cancers.

The global tislelizumab clinical development program includes more than 9,000 subjects enrolled to-date in more than 35 countries and regions. BeiGene has initiated or completed more than 20 potentially registration-enabling clinical trials, including 17 Phase 3 trials. More information on the clinical trial program for tislelizumab can be found here.

BeiGene Oncology
BeiGene is committed to advancing best- and first-in-class clinical candidates internally or with like-minded partners to develop impactful and affordable medicines for patients across the globe. We have a growing R&D and medical affairs team of approximately 2,900 colleagues dedicated to advancing more than 100 clinical trials that have involved more than 16,000 subjects. Our expansive portfolio is directed predominantly by our internal colleagues supporting clinical trials in more than 45 countries and regions. Hematology-oncology and solid tumor targeted therapies and immuno-oncology are key focus areas for the Company, with both mono- and combination therapies prioritized in our research and development. BeiGene currently has three approved medicines discovered and developed in our own labs: BTK inhibitor BRUKINSA in the U.S., China, the European Union, Great Britain, Canada, Australia, and additional international markets; and the non-FC-gamma receptor binding anti-PD-1 antibody, tislelizumab, as well as the PARP inhibitor, pamiparib, in China.

BeiGene also partners with innovative companies who share our goal of developing therapies to address global health needs. We commercialize a range of oncology medicines in China licensed from Amgen, Bristol Myers Squibb, EUSA Pharma and Bio-Thera. We also plan to address greater areas of unmet need globally through our other collaborations including with Mirati Therapeutics, Seagen, and Zymeworks.

In January 2021, BeiGene and Novartis announced a collaboration granting Novartis rights to co-develop, manufacture, and commercialize BeiGene’s anti-PD1 antibody, tislelizumab, in North America, Europe, and Japan. Building upon this productive collaboration, BeiGene and Novartis announced an option, collaboration, and license agreement in December 2021 for BeiGene’s TIGIT inhibitor, ociperlimab, that is in Phase 3 development. Novartis and BeiGene also entered into a strategic commercial agreement through which BeiGene will promote five approved Novartis Oncology products across designated regions of China.

Pacira BioSciences Reports Preliminary Second Quarter 2022 Revenue of $169.4 Million

On July 14, 2022 Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, reported preliminary revenues of $169.4 million for the second quarter of 2022, compared with $135.6 million for the second quarter of 2021 (Press release, Pacira Pharmaceuticals, JUL 14, 2022, View Source [SID1234616669]). The company’s revenues include net product sales of EXPAREL (bupivacaine liposome injectable suspension), ZILRETTA (triamcinolone acetonide extended-release injectable suspension), and the iovera° system. The company began recognizing sales of ZILRETTA in November 2021 after completing its acquisition of Flexion Therapeutics, Inc.

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"We continue to execute our growth strategy and are pleased to have posted record sales in the second quarter. In mid-June, EXPAREL sales trends strengthened despite ongoing pockets of persistent labor shortages and pandemic-related disruptions facing the elective surgery market. This was augmented by ZILRETTA sales, which underscore the successful integration of this synergistic product," said Dave Stack, chairman and chief executive officer of Pacira BioSciences. "EXPAREL has continued to outpace the recovery of the elective surgery market and we are seeing expanding utilization across all target markets and sites of care, with particularly robust growth within outpatient sites of care. We continue to drive education and awareness around the value of ZILRETTA and iovera° as both complementary and standalone non-opioid solutions for managing osteoarthritis pain and remain confident in the long-term growth opportunity for both products."

"On the clinical front, we remain on track with activities advancing according to plan. We have completed enrollment in the first of two studies evaluating EXPAREL as a lower extremity nerve block and we expect to complete enrollment in the second study in the coming weeks. We are also finalizing the design of our label expansion studies for ZILRETTA in shoulder osteoarthritis and type 2 diabetes. In addition, we are preparing to meet with the U.S. Food and Drug Administration (FDA) to discuss the design of our Phase 3 registration study for iovera° as a treatment for spasticity. With a complementary portfolio of innovative non-opioid options, we believe we are uniquely positioned to deliver robust near- and long-term growth," continued Mr. Stack.

Second Quarter and June 2022 Preliminary Revenue Highlights

EXPAREL net product sales were $137.0 million and $130.1 million for the second quarters of 2022 and 2021 and $47.3 million and $45.8 million for the months of June 2022 and 2021, respectively. EXPAREL average daily sales were 105 percent of the prior year for the second quarter and 103 percent of the prior year for the month of June, respectively. The company reports average daily growth rates for EXPAREL to account for differences in the number of selling days per reporting period. For the second quarter, EXPAREL selling days were 64 in both 2022 and 2021. For the month of June, EXPAREL selling days were 22 in 2022 and 2021. Sales of bupivacaine liposome injectable suspension to a third-party licensee for use in veterinary practice were $1.0 million and $1.0 million in the second quarters of 2022 and 2021, respectively.
ZILRETTA net product sales were $27.4 million for the second quarter of 2022 and $9.8 million for the month of June 2022. ZILRETTA sales in the second quarter of 2021 occurred prior to the completion of the company’s acquisition of Flexion in November 2021.
iovera° net product sales were $3.2 million and $3.8 million for the second quarters of 2022 and 2021 and $1.1 million and $1.4 million for the months of June 2022 and 2021, respectively.
Second quarter 2022 royalty revenue was $0.8 million, compared with $0.6 million in 2021.
Since early 2020, the company’s revenues have been impacted by COVID-19 and pandemic-related challenges that included the significant postponement or suspension in the scheduling of elective surgical procedures due to public health guidance and government directives. While the degree of impact has diminished during the course of the pandemic due to the introduction of vaccines and the lessening of elective surgery restrictions, certain pandemic-related operational challenges persist. It remains unclear how long it will take the elective surgery market to normalize or if restrictions on elective procedures will recur due to future COVID-19 variants or otherwise.

The company is not providing 2022 revenue or gross margin guidance at this time given the continued uncertainty around labor shortages, COVID-19, and the pace of recovery for the elective surgery market. To provide greater transparency, the company is reporting monthly intra-quarter unaudited net product sales for EXPAREL, ZILRETTA, and iovera° until it has gained enough visibility around the impacts of COVID-19. The company is also providing weekly EXPAREL utilization and elective surgery data within its investor presentation, which is accessible at investor.pacira.com. Pacira completed its acquisition of Flexion Therapeutics on November 19, 2021, which added ZILRETTA (triamcinolone acetonide extended-release injectable suspension) to its commercial offering.

The financial information included in this press release is preliminary, unaudited, and subject to adjustment. It does not present all information necessary for an understanding of the company’s financial results for the second quarter or full year 2022.

Repertoire® Immune Medicines Enters New Research Collaboration to Discover the T Cell Response to Therapy in HPV-Associated Cancers

On July 14, 2022 Repertoire Immune Medicines reported its research collaboration with Memorial Sloan Kettering Cancer Center (MSK) to identify the immune system’s response at various stages of human papillomavirus-positive (HPV+) cancer, including initial oncogenesis and after successful treatment (Press release, Repertoire, JUL 14, 2022, View Source [SID1234616686]).

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The research collaboration aims to identify the antigens present on tumors as well as the T cells and specific T cell receptors (TCRs) that recognize tumor-specific antigens. Using Repertoire’s DECODE platform to map the adaptive immune system’s response can inform the development of novel cell-based therapeutics by confirming the relevant targets for cell-based treatments.

"Understanding the adaptive immune system’s response to cancer allows us to see how it initially responds to diseased cells. When cancer spreads, it is a signal that the immune system can no longer recognize or defend against the cancer," said Anthony Coyle, Ph.D., President, Research and Development, Repertoire Immune Medicines. "The goal of this research collaboration between Memorial Sloan Kettering and Repertoire is to identify the TCR-antigen pairs that are activated when the immune system is successful in fighting HPV+ cancers. This discovery may lead to new cell therapies and give us insight into why some patients respond successfully to currently available treatments, while others have poor or no response to treatment."

Repertoire’s research collaboration with MSK will also seek to identify the TCR repertoire that is engaged and results in successful treatment outcomes with anti-PD-1 treatment and with conventional chemotherapy-radiation treatment. By identifying cancer-specific epitopes and the T cells that recognize these epitopes in successfully treated patients, it may be possible to define the optimal immunogenic profile for a proposed treatment. This map of the immune system’s response could inform treatment considerations for patients with inadequately treated disease.

"Through this collaboration with Repertoire, we hope to identify the TCR-antigen pairs that successfully protect from tumor formation in patients at various stages of their cancer," said Nadeem Riaz, MD, MSc., Director for Precision Radiotherapy at MSK. "By identifying the relevant TCR-antigen pairs, we may be able to improve the specificity of patient treatment, which could lead to improved outcomes."

About the DECODE Platform

The DECODE platform is a powerful discovery engine that characterizes essential elements of the immune synapse. In particular, the platform identifies T cell receptor-antigen pairs in the context of other important features of the immune synapse, such as T cell function and how these antigens are presented by molecules on antigen-presenting cells, known as major human leukocyte antigen, or HLA, molecules. Repertoire intends to utilize these insights into key drivers that govern immune function to design and develop novel immune product candidates.