Elicio Therapeutics Moves into Boston’s Seaport District and Provides Update on Programs

On March 15, 2022 Elicio Therapeutics, a clinical-stage biotechnology company developing a pipeline of novel immunotherapies for the treatment of cancer and other diseases, reported its move from Cambridge, MA to a larger facility in Boston’s Seaport District and an update on its programs for 2022 (Press release, Elicio Therapeutics, MAR 15, 2022, View Source [SID1234610146]). Elicio joins a growing collection of emerging and established biotech companies in the Seaport District, which has become Boston’s new hub for biotech innovation. The move will allow for further expansion given the promising advances being made with the Company’s lead asset, ELI-002, an investigational KRAS-targeted cancer vaccine designed with Elicio’s proprietary lymph node-targeting Amphiphile (AMP) platform. In addition, the move will also allow for the continuing development of the Company’s TCR-T and infectious disease programs.

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"As someone who’s been with the Company from the very beginning, I’m immensely proud of how we have continued to expand our team and our pipeline over the last few years. We have had a 50% increase in staff over the last two years. In addition, we are collecting our first set of clinical data for ELI-002 and continuing to take key steps in developing the cell therapy and infectious disease parts of our pipeline," said Peter DeMuth, Ph.D., Elicio’s Chief Scientific Officer. "We believe in the potential of our lymph node-targeted approach to build a niche within the immunotherapy space and to meet the unmet need in a number of aggressive cancers and infectious diseases. I’m proud of our team of scientists who are doing the important groundwork and look forward to our progress this year."

Christopher Haqq, M.D., Ph.D., Elicio’s Executive Vice President, Head of Research and Development, and Chief Medical Officer, added, "We’re excited to progress the ELI-002 program which holds promise to induce durable remissions in early-stage KRAS-mutated cancers. There is an initial focus on patients with minimal residual disease (MRD) and patients with low volume metastases while planning has begun for trials to explore all cancer stages and combination therapies. With approximately 25% of tumors containing KRAS mutations, this is a critically important target for cancer treatment. We are extremely encouraged by the preclinical data generated so far and expect AMPLIFY-201 readouts in the coming months to validate the mechanism of ELI-002 and to support a Phase 1b/2 trial early next year."

ELI-002 is poised to address the shortcomings of past cancer vaccine development efforts by hijacking the body’s natural biodistribution to traffic AMP mKRAS peptides, alongside ELI-004, an activity-boosting AMP adjuvant, directly to the lymph nodes. The lymph nodes are often considered "the schoolhouse of the immune system" as they host the selection and activation of T cells to elicit an immune response. Through this approach, ELI-002 has shown the ability to significantly enhance immune responses in preclinical models across a wide range of KRAS mutations versus conventional peptides, leading to greater infiltration and elimination of tumors.

The clinical development strategy for ELI-002 takes advantage of recent advances in therapy response monitoring to rapidly assess the clinical activity of ELI-002 as adjuvant therapy in patients with early-stage KRAS-driven cancers who have MRD following surgery and chemotherapy.
In the Phase 1 AMPLIFY-201 study, circulating tumor DNA (ctDNA) and serum tumor biomarkers will be measured as a biomarker indicating anti-tumor response, in addition to the primary safety endpoint and identification of a recommended Phase 2 dose.
This novel approach will allow Elicio to validate the clinical activity of ELI-002 more efficiently, before moving into a Phase 1b/2 trial with a more traditional endpoint of Relapse-Free Survival (RFS).
Enrollment in the Phase 1 AMPLIFY-201 study continues, following the dosing of the first patient at MD Anderson in October 2021, with the expectation to move from Cohort 1 to Cohort 2 in the next quarter, and the Phase 1b/2 trial planned for early 2023.
The anticipated Phase 1b/2 trial will study the broad spectrum 7-peptide formulation of ELI-002. This formulation is designed to provide immune response coverage against the seven of the most common KRAS mutations, thereby increasing the potential patient population for ELI-002 and potentially reducing the chance of bypass resistance mechanisms. Most other KRAS-targeted therapeutics in development — particularly small molecule KRAS inhibitors —are only able to target one or two KRAS mutations.

Elicio’s pipeline of preclinical and clinical programs originates from the Company’s proprietary AMP platform technology. Each program seeks to anticipate and solve challenges in conventional immunomodulation through targeted delivery of payloads (e.g., peptides, proteins, small molecules, nucleic acids) to the lymph nodes. Elicio has investigated the platform in preclinical models across several modalities and therapeutic areas, beyond its focus on cancer vaccines. This also includes Elicio’s universal CpG adjuvant, ELI-004, which is being explored in a variety of indications besides in the lead ELI-002 program.

In addition, with TCR-T cell therapies, Elicio’s "AMP-lification" approach has shown enhanced immune activation as well as tumor infiltration and elimination against several TCR-T targets with evaluation of further targets underway. Peptide and protein subunit vaccines against infectious diseases are another area of interest, with vaccines that include Elicio’s AMP adjuvants demonstrating potent T cell responses against a range of antigens such as influenza, Epstein-Barr virus (EBV), human papillomavirus (HPV) and SARS-CoV-2, including in non-human primates. The Company has a development pipeline of adjuvants with differentiated profiles to meet the needs for the full infectious disease vaccine part of the pipeline.

Annette Matthies, Ph.D., Elicio’s Chief Business Officer, added, "We view Elicio as the partner of choice for the enablement of immunotherapies via lymph node-targeting. By concentrating an immunotherapeutic molecule’s effect in the lymph node, the AMP platform has shown it can enable that molecule’s full therapeutic potential, from enhancing immunogenicity with increased T cell activation and proliferation to improving risk-benefit by reducing systemic exposure. We have had particular success in boosting TCR-T cell therapies as well as traditional peptide and protein-based infectious disease vaccines, and consider these to be prime partnership opportunities."

About the Amphiphile Platform

Our proprietary Amphiphile, or AMP, platform delivers investigational immunotherapeutics directly to the "brain center" of the immune system – the lymph nodes. We believe this site-specific delivery of disease-specific antigens, adjuvants, and other immunomodulators may efficiently educate, activate, and amplify critical immune cells, potentially resulting in induction and persistence of potent adaptive immunity required to treat many diseases. In preclinical models, we have observed lymph node-specific engagement driving therapeutic immune responses of increased magnitude, function, and durability. We believe our AMP lymph node targeted approach will produce superior clinical benefits compared to immunotherapies that do not engage the lymph nodes.

Our AMP platform, originally developed at the Massachusetts Institute of Technology, or MIT, has broad potential across cancers, infectious diseases, and other disease indications to advance a number of development initiatives through internal activities, in-licensing arrangements or development collaborations and partnerships.

The Amphiphile platform is thought to deliver immunotherapeutics directly to the lymph nodes by latching on to the protein albumin, found in the bloodstream, as it travels to lymphatic tissue. In preclinical models, we have observed lymph node-specific engagement driving therapeutic immune responses of increased magnitude, function, and durability.

Leman Biotech raises USD 11 million for its immunotherapy boosting protein

On March 15, 2022 EPFL spin-off Leman Biotech has raised USD 11 million for its protein that can improve the effectiveness of immunotherapy drugs used to treat some types of cancer (Press release, Leman Biotech, MAR 15, 2022, View Source [SID1234628394]).

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Immunotherapy is a promising new weapon in the fight against some types of cancer. It involves enhancing the ability of a patient’s own immune system to identify and destroy tumor cells. However, this form of treatment fails in around two thirds of patients because their T cells – the main cancer-killing lymphocytes – become exhausted. One option scientists are currently studying to improve the efficacy of immunotherapy is to add a protein that gives a boost to tired T cells. That’s the path being explored by EPFL spin-off Leman Biotech.

Its researchers have tested one such protein and found it has a nearly 90% efficacy rate on mice. "We ran several more preclinical trials these past few months using different types of human tumors transplanted into mice," says Prof. Li Tang, EPFL Professor and Co-Founder of Leman Biotech. "The results were just as encouraging, and the mice went on to have normal life expectancies."

The company just raised USD 11 million in its first funding round. The next step will be to complete the preclinical trials and then enter the clinical phase, which the start-up hopes to do within two years.

"For a first funding round, USD 11 million is a hefty sum," said Natalia Giovannini of the EPFL’s Technology Transfer Office (TTO). "Leman Biotech’s success in attracting capital reflects the considerable interest in its innovation."

The company will use the proceeds to quickly ramp up its operations. "We’ve already opened two research labs – one in the Superlab Suisse, at the Biopôle in Epalinges, and the other in southern China where our co-founder is based," concludes Tang.

TRACON Pharmaceuticals Reports Fourth Quarter and Year-End 2021 Financial Results and Provides Corporate Update

On March 15, 2022 TRACON Pharmaceuticals (Nasdaq: TCON), a clinical stage biopharmaceutical company focused on the development and commercialization of novel targeted cancer therapeutics and utilizing a cost efficient, CRO-independent product development platform to partner with ex-U.S. companies to develop and commercialize innovative products in the United States, reported financial results for the fourth quarter and year ended December 31, 2021 (Press release, Tracon Pharmaceuticals, MAR 15, 2022, View Source [SID1234610093]). The Company will host a conference call and webcast today at 4:30 PM Eastern Time / 1:30 PM Pacific Time.

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"The ENVASARC trial remains our top priority in 2022, to address the significant unmet medical need in refractory sarcoma for the approval of safe and effective treatments. In December 2021, based on the compelling tolerability profile and significantly higher response rate observed in lower weight patients, the Independent Data Monitoring Committee recommended increasing the dose of envafolimab to 600 mg subcutaneously every three weeks, both as a single agent and in combination with Yervoy, in our pivotal ENVASARC trial. Based on prior clinical experience with envafolimab in more than 700 patients, we believe a doubling of the dose can be well-tolerated, result in higher exposures, and thereby potentially optimize efficacy for the greatest number of sarcoma patients," said Charles Theuer, M.D., Ph.D., President and CEO of TRACON. "The amended protocol was approved by the FDA and we have begun treating patients at this higher dose level, and expect to report interim ENVASARC efficacy data in the second half of this year. We also look forward to initiating the first clinical trial of our proprietary CTLA-4 inhibitor, YH001, in combination with envafolimab in sarcoma patients later this year."

Recent Corporate Highlights

In February 2022, following review of the higher envafolimab dose level by the FDA, we began dosing ENVASARC patients at the higher dose of envafolimab of 600 mg subcutaneously every three weeks as a single agent or in combination with Yervoy.

In February 2022, we announced that the National Cancer Institute initiated a randomized Phase 2 trial of TRC102 in advanced localized non-small cell lung cancer (NCT05198830: View Source;draw=2&rank=3).

In February 2022, we attended the arbitration hearing held by a tribunal of the International Chamber of Commerce on our disputes with I-Mab related to the TJ4309 and bispecific antibody agreements. We expect the ruling on the arbitration later this year.

In November 2021, we announced that envafolimab was approved in China by our partners 3D Medicines and Alphamab Oncology for patients with microsatellite instability-high (MSI-H) or deficient MisMatch Repair (dMMR) advanced solid tumors, which represented the first regulatory approval of a subcutaneously administered checkpoint inhibitor.

In October 2021, we announced a partnership with Eucure Biopharma for the development of YH001, a CTLA-4 antibody with enhanced effector functions that we plan to develop in combination with envafolimab in first-line sarcoma and in other tumor types as a single agent or with approved therapies.
Expected Key Upcoming Milestones

Interim ENVASARC safety and efficacy data review by the Independent Data Monitoring Committee (IDMC) in the second half of 2022.

Initiate dosing of a Phase 1/2 clinical trial of envafolimab with YH001 in the second half of 2022.

Report the Arbitration Panel’s binding decisions with respect to the outcome of the legal disputes with I-Mab.

Complete the TJ4309 trial this year permitting I-Mab the opportunity to terminate the license for $9M.
Fourth Quarter 2021 Financial Results

Cash, cash equivalents and short-term investments were $24.1 million at December 31, 2021, compared to $36.1 million at December 31, 2020.

Research and development expenses for the fourth quarter of 2021 were $3.1 million, compared to $2.2 million for the fourth quarter of 2020. The increase relates to enrollment in the pivotal ENVASARC trial.

General and administrative expenses for the fourth quarter of 2021 were $4.6 million, compared to $2.0 million for the fourth quarter of 2020. The increase was primarily attributable to legal expenses incurred due to the ongoing arbitration with I-Mab related to the TJ4309 and bispecific antibody agreements.

Net loss for the fourth quarter of 2021 was $7.7 million, compared to $4.3 million for the fourth quarter of 2020.

Conference Call Details

A live webcast of the conference call will be available online from the Investor/Events and Presentations page of the Company’s website at www.traconpharma.com.

After the live webcast, a replay will remain available on TRACON’s website for 60 days.

About Envafolimab

Envafolimab (KN035), a single-domain antibody against PD-L1 invented by Alphamab Oncology, is the first subcutaneously injected PD-(L)1 inhibitor approved by the Chinese NMPA in November 2021 in adult patients with MSI-H/dMMR advanced solid tumors who failed systemic treatment and have no satisfactory alternative treatment options. In December 2019, Alphamab Oncology, 3D Medicines and TRACON entered into a collaboration whereby TRACON has the right to develop and commercialize envafolimab in soft tissue sarcoma in North America. Envafolimab is currently being studied in the pivotal ENVASARC Phase 2 trial in the United States sponsored by TRACON and a Phase 3 pivotal trial in combination with gemcitabine and oxaliplatin in advanced biliary tract cancer patients in China sponsored by TRACON’s corporate partners, Alphamab Oncology and 3D Medicines.

About ENVASARC (NCT04480502)

The ENVASARC pivotal trial is a multicenter, open label, randomized, non-comparative, parallel cohort study at approximately 25 top cancer centers in the United States that began dosing in December 2020. TRACON expects the trial to enroll more than 160 patients with UPS or MFS who have progressed following one or two lines of prior treatment and have not received an immune checkpoint inhibitor, with 80 patients enrolled into a cohort of treatment with single agent envafolimab at 600 mg every three weeks and 80 patients enrolled into a cohort of treatment with envafolimab at 600 mg every three weeks with Yervoy. The primary endpoint is overall response rate by central review with duration of response a key secondary endpoint.

About YH001

YH001 is an IgG1 antibody against CTLA-4 that has shown enhanced antibody dependent cellular cytotoxicity (ADCC) and complement dependent cytotoxicity (CDC) in vitro. In preclinical studies YH001 demonstrated superior T cell activation and superior tumor growth inhibition activity compared to ipilimumab. YH001 also demonstrated superior activity compared to ipilimumab in human transgenic mouse tumor models when combined with a PD-(L)1 antibody. In these models, single agent YH001 depleted regulatory T cells and increased CD8+ T cells in tumor tissue. YH001 is being dosed as a single agent in a Phase 1 trial in China (NCT04699929) and in combination with the PD-1 antibody toripalimab in a Phase 1 trial in Australia (NCT04357756).

About TRC102

TRC102 (methoxyamine) is a novel, small molecule inhibitor of the DNA base excision repair pathway, which is a pathway that causes resistance to alkylating and antimetabolite chemotherapeutics. TRC102 is currently being studied in multiple Phase 1 and Phase 2 clinical trials sponsored by the National Cancer Institute through a Cooperative Research and Development Agreement (CRADA) and has orphan drug designation from the FDA in malignant glioma, including glioblastoma.

About TJ004309

TJ004309 is a novel, humanized antibody against CD73, an ecto-enzyme expressed on stromal cells and tumors that converts extracellular adenosine monophosphate (AMP) to adenosine, which is highly immunosuppressive. TJ004309 is currently being studied in an ongoing Phase 1 trial to assess safety and preliminary efficacy as a single agent and when combined with the PD-L1 checkpoint inhibitor Tecentriq in patients with advanced solid tumors.

Epizyme Announces Executive Appointment and Provides Tazemetostat Clinical Update

On March 15, 2022 Epizyme (Nasdaq: EPZM), a fully integrated, commercial-stage biopharmaceutical company developing and delivering transformative therapies for cancer patients against novel epigenetic targets, reported a clinical update as well as the appointment of Jerald Korn as Chief Operating Officer, reporting to President and Chief Executive Officer, Grant Bogle (Press release, Epizyme, MAR 15, 2022, View Source [SID1234610129]).

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"We are excited to welcome Jerald to Epizyme at a pivotal time for the organization," said Mr. Bogle. "Jerald’s breadth of experience leading a wide range of functions and working in biotech companies at our stage of development will be a welcomed addition to our senior executive team as we look to drive growth for TAZVERIK (tazemetostat) as a monotherapy, as well as advance the tazemetostat clinical development program across both hematologic and solid tumor malignancies."

"I am thrilled to be joining Epizyme at such an important time for the company," said Mr. Korn. "I have a passion for working in the oncology space and am excited by the opportunity to help execute on the continued launch of TAZVERIK and to fulfill Epizyme’s vision of developing transformative epigenetic medicines. I look forward to working alongside this incredible team as we focus on the strategic priorities where we believe we can make a meaningful impact for people living with cancer."

With more than 15 years in the biotech industry, Mr. Korn most recently served as the Chief Operating Officer and General Counsel at Kaleido Biosciences, where he oversaw legal, human resources, program management, quality, regulatory and other operations, as well as supporting the company with corporate strategy, including two financings, a pipeline prioritization and transition to a new laboratory and manufacturing facility. Prior to Kaleido, Mr. Korn held several leadership positions at TESARO, as well as senior positions at Cubist Pharmaceuticals, Millennium Pharmaceuticals (part of Takeda) and AMAG Pharmaceuticals. Mr. Korn began his career as an associate at the law firm Ropes & Gray and holds a bachelor’s degree with honors in economics from Harvard University and a J.D. with honors from Boston University School of Law.

SYMPHONY-1 Clinical Update

Epizyme also reported today that the first patient has been dosed in the Phase 3 portion of the SYMPHONY-1 (EZH-302) study, a confirmatory study assessing tazemetostat in combination with rituximab + lenalidomide (R2) compared with R2 plus placebo in patients with relapsed or refractory follicular lymphoma (R/R FL) previously treated with at least one systemic therapy, including those who are rituximab-refractory and/or have experienced progression of disease within two years.

"Dosing the first patient in the Phase 3 portion of the SYMPHONY-1 study is an important milestone for Epizyme and our clinical development of tazemetostat in R/R FL," said Dr. Shefali Agarwal, Executive Vice President and Chief Medical and Development Officer at Epizyme. "As we enroll patients in the Phase 3 randomized portion of the study, we plan to continue to report longer term follow-up data from the Phase 1b safety run-in portion of the study as well as data from other combination studies of tazemetostat in both hematological and solid tumor malignancies that we are conducting."

Epizyme previously announced the completion of the 30-day waiting period for its protocol amendment submitted to the U.S. Food and Drug Administration in December 2021 with 800 mg twice-daily as the recommended Phase 3 dose. The Company is now engaged in global start-up activities, including sites in greater China with its collaboration partner HUTCHMED. The latest results of the Phase 1b safety run-in portion of the study were presented at the American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting in December 2021 and can be accessed here.

About TAZVERIK (tazemetostat)

TAZVERIK is a methyltransferase inhibitor indicated for the treatment of:

Adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection.
Adult patients with relapsed or refractory follicular lymphoma whose tumors are positive for an EZH2 mutation as detected by an FDA-approved test and who have received at least two prior systemic therapies.
Adult patients with relapsed or refractory follicular lymphoma who have no satisfactory alternative treatment options.
These indications are approved under accelerated approval based on overall response rate and duration of response. Continued approval for these indications is contingent upon verification and description of clinical benefit in confirmatory studies.

The most common (≥20%) adverse reactions in patients with epithelioid sarcoma are pain, fatigue, nausea, decreased appetite, vomiting and constipation. The most common (≥20%) adverse reactions in patients with follicular lymphoma are fatigue, upper respiratory tract infection, musculoskeletal pain, nausea and abdominal pain.

Brickell Biotech Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Corporate Update

On March 15, 2022 Brickell Biotech, Inc. ("Brickell" or the "Company") (Nasdaq: BBI), a clinical-stage pharmaceutical company striving to transform patient lives by developing innovative and differentiated prescription therapeutics for the treatment of autoimmune, inflammatory, and other debilitating diseases reported financial results for the fourth quarter and full year ended December 31, 2021 and provided a corporate update (Press release, Vical, MAR 15, 2022, View Source [SID1234610148]).

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"Over the course of the last year, the entire Brickell team successfully executed on our strategic plan," commented Robert Brown, Chief Executive Officer of Brickell. "Our robust pipeline of recently-acquired proprietary drug candidates firmly establishes our presence in the immunology and inflammation fields with multiple promising and novel targets. We are on track to advance our lead DYRK1A inhibitor, BBI-02, into a Phase 1 clinical study in the coming months, and the team is progressing the development of our lead STING inhibitor, BBI-10, and other next-generation kinase inhibitors through early preclinical stage studies. In addition, we continue to execute towards a mid-2022 NDA submission for sofpironium bromide gel, 15% for the treatment of primary axillary hyperhidrosis and evaluate all available options designed to maximize commercial product success. We believe 2022 is shaping up to be a pivotal year for Brickell, and we look forward to providing updates on our progress across these exciting programs in the coming months."

Research and Development Highlights
BBI-02: a potential first-in-class DYRK1A inhibitor for the treatment of autoimmune and inflammatory diseases
•Brickell is on track to progress BBI-02, its lead development-stage program, into a Phase 1 clinical trial (BBI-02-101) in Canada in the second quarter of 2022.
•BBI-02-101: This Phase 1 study is expected to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of BBI-02 in both healthy volunteers and subjects with atopic dermatitis (AD) and will also include a preliminary assessment of efficacy as to AD.
•Part 1A of the study will be a single ascending dose (SAD) assessment in healthy volunteers, Part 1B of the study will be a multiple ascending dose (MAD) assessment in healthy volunteers, and Part 2 of the study will compare BBI-02 to placebo in moderate-to-severe AD patients.
•Topline results from the SAD and MAD parts of the Phase 1 study anticipated year-end 2022.
BBI-10: a covalent STING inhibitor for the potential treatment of autoinflammatory and rare genetic diseases
•In February 2022, Brickell acquired exclusive global rights to develop and commercialize a portfolio of novel, potent, and orally available Stimulator of Interferon Genes (STING) inhibitors from Carna Biosciences, Inc., which have potential to treat autoinflammatory disorders, such as systemic lupus erythematosus and rheumatoid arthritis, rare genetic interferonopathies, and potentially other diseases.
•Preclinical development activities for BBI-10 are underway, and the Company expects to conduct experimental characterization of the STING inhibitor library throughout 2022.

Next-Generation Kinase Inhibitors: a cutting-edge platform with the potential to produce treatments for autoimmune, inflammatory, and other debilitating diseases
•Currently engaged in research to identify both brain penetrant and non-brain penetrant kinase inhibitors from the Company’s licensed library of compounds, including next-generation DYRK1A inhibitors and other new chemical entities that specifically inhibit LRRK2, TTK, and CLK kinases, as potential treatments for autoimmune, inflammatory, and other debilitating diseases.
Sofpironium Bromide: a potential best-in-class investigational product for the treatment of primary axillary hyperhidrosis
•Following a pre-NDA meeting held with the U.S. FDA earlier this quarter, the Company remains on track to file an NDA for sofpironium gel, 15% in mid-2022.
•Results from Brickell’s U.S. Phase 3 pivotal Cardigan I and Cardigan II studies of sofpironium bromide gel, 15% were selected for an oral presentation at the Late-Breaking Research session during the American Academy of Dermatology’s 2022 Annual Meeting, which is being held from March 25-29 in Boston, MA.
•Brickell’s development partner, Kaken Pharmaceutical Co., Ltd. (Kaken), continues to commercialize sofpironium bromide gel, 5% (ECCLOCK) for the treatment of primary axillary hyperhidrosis in Japan.
Financial Results
Fourth Quarter 2021 Financial Results
The Company reported cash and cash equivalents of $26.9 million as of December 31, 2021, compared to $30.1 million as of December 31, 2020. The Company expects its cash and cash equivalents will support operations beyond the receipt of Phase 1 SAD and MAD topline results for BBI-02, which are anticipated year-end 2022.
Revenue was $104.0 thousand for the fourth quarter of 2021, compared to $27.0 thousand for the fourth quarter of 2020. Revenue in both periods related to royalty revenue recognized from sales of ECCLOCK in Japan by Kaken.
Research and development expenses were $3.1 million for the fourth quarter of 2021, compared to $4.6 million for the fourth quarter of 2020. This decrease was primarily due to a $2.9 million reduction in clinical costs related to sofpironium bromide, which was partially offset by a $0.9 million increase in regulatory, personnel, and other expenses, and a $0.5 million increase related to development of the Company’s DYRK1A inhibitor programs.
General and administrative expenses were $3.3 million for the fourth quarter of 2021, compared to $2.9 million for the fourth quarter of 2020. The increase of $0.4 million was primarily due to compensation and administrative expenses.
Brickell’s net loss was $6.1 million for the fourth quarter of 2021 compared to $7.4 million for the fourth quarter of 2020.
2021 Annual Financial Results
Revenue was $0.4 million for the year ended December 31, 2021, compared to $1.8 million for the year ended December 31, 2020. Revenue in 2021 consisted of royalty revenue recognized related to sales of ECCLOCK in Japan by Kaken, while revenue in 2020 was driven primarily by collaboration revenue recognized for research and development activities under an agreement pursuant to which Kaken provided research and development funding to the Company.
Research and development expenses were $28.2 million for the year ended December 31, 2021, compared to $11.2 million for the year ended December 31, 2020, which was primarily due to an increase of $10.7 million in clinical costs related to the Company’s U.S. Phase 3 pivotal clinical program for sofpironium bromide gel, 15%, an increase of $5.4 million in upfront costs and development expenses related to the Company’s DYRK1A inhibitor programs and next-generation kinase inhibitor platform, and an increase of $0.9 million in personnel and other expenses.
General and administrative expenses were $12.4 million for the year ended December 31, 2021, compared to $11.6 million for the year ended December 31, 2020. The increase of $0.8 million was primarily due to compensation and administrative expenses.

Total other income, net was $0.8 million for the year ended December 31, 2021, compared to $0.1 million for the year ended December 31, 2020. The increase of $0.7 million was primarily due to a gain on extinguishment of debt of approximately $0.4 million that resulted from the forgiveness of a loan in June 2021 and other miscellaneous income of $0.3 million.
Brickell’s net loss was $39.5 million for the year ended December 31, 2021, compared to $20.9 million for the year ended December 31, 2020.
Conference Call and Webcast Information
Brickell’s management will host a conference call today at 8:30 a.m. EDT to discuss the financial results and recent corporate developments. The dial-in number for the conference call is 1-877-705-6003 for domestic participants and 1-201-493-6725 for international participants, with Conference ID #13726693. A live webcast of the conference call can be accessed at (click here) (View Source;tp_key=b8f4008a0e) or through the Investors section of the Brickell website at View Source A replay will be available on this website shortly after conclusion of the event for approximately 90 days.