Alkermes to Participate in the Goldman Sachs Healthcare Conference

On June 8, 2022 Alkermes plc (Nasdaq: ALKS) reported that management will participate in a fireside chat at the Goldman Sachs 43rd Annual Global Healthcare Conference on Wednesday, June 15, 2022 at 2:40 p.m. PT (5:40 p.m. ET/10:40 p.m. BST) (Press release, Alkermes, JUN 8, 2022, View Source [SID1234615784]). The live webcast may be accessed under the Investors tab on www.alkermes.com and will be archived for 14 days.

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Evgen Pharma talks through clinical milestones and financial results from its 2022 full-year report

On June 8, 2022 Evgen Pharma plc (AIM: EVG), the clinical stage drug development company developing sulforaphane-based medicines for the treatment of multiple diseases, reported its audited results for the year ended 31 March 2022 (Press release, Evgen, JUN 8, 2022, View Source;newsid=1592002 [SID1234616036]).

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Operational highlights

· In vitro pre-clinical work supports SFX-01 use in metastatic breast cancer patients who have become resistant to the widely used class of CDK4/6 inhibitor drugs

· Malignant glioma Orphan Drug Designation for SFX-01 granted by FDA

· Publication of positive preclinical in vitro and in vivo data in glioblastoma from two independent groups of collaborators, in Italy and New Zealand

· Encouraging early in vitro data for SFX-01 in Juvenile Myelomonocytic Leukaemia ("JMML") at the MRC Weatherall Institute, University of Oxford

· Scale-up of the active ingredient in SFX-01 to commercial scale achieved with a number of process improvements

· JuvLife partnership around the application of the Sulforadex technology continues to progress well; US market launch of a JuvLife nutritional health product is anticipated around end- 2023

· New formulation of SFX-01 generated in tablet form enabling scale-up to supply late-stage clinical trials and commercial use

· r Helen Kuhlman and Dr Glen Clack appointed as Chief Business Officer and Chief Medical Officer respectively, completing the senior management team

· utlook:

o Intention to start healthy volunteer trial in Q4 2022 with new SFX-01 formulation

o Final preclinical work in GBM completed and now in late-stage preparation for a Phase Ib/IIa trial due to start in Q4 2022

o New academic collaborations with La Sapienza University, Rome in SFX-01 radiosensitisation and Michigan University in colon cancer

Financial highlights

· Financial performance in-line with expectations:

o Cash and short-term deposits at 31 March 2022 of £9.0m (31 March 2021: £11.6m); Group funded to Q4/2023

o Post-tax loss of £2.7m (2021: loss of £2.7m)

o Cash outflow from operations of £2.6m (2021 outflow of £2.9m)

Dr Huw Jones, CEO of Evgen Pharma, said:

"Our focus during the year has been on achieving the objectives set at our 2021 fundraise, particularly around manufacturing, formulation and clinical trials preparation. With this groundwork now complete, we are pleased to have achieved very visible progress in each of our development programmes and we are anticipating another busy year which will include clinical data from both the Phase I/Ib volunteer and Phase Ib/IIa glioblastoma trials."

Advaxis Reports Second Quarter Ended April 30, 2022 Financial Results and Provides a Business Update

On June 8, 2022 Advaxis, Inc. (OTCQX: ADXSD), a clinical-stage biotechnology company focused on the development and commercialization of immunotherapy products, reported its financial results for the second quarter ended April 30, 2022 and provides a business update (Press release, Advaxis, JUN 8, 2022, View Source [SID1234615753]).

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Second Quarter Ended April 30, 2022 Financial Results and Recent Key Accomplishments:

Announced publication of The KEYNOTE-046 study in The Oncologist reporting that ADXS-PSA in combination with KEYTRUDA (pembrolizumab) is associated with prolonged overall survival in patients with metastatic castration-resistant prostate cancer (mCRPC)
Announced updated clinical and immunogenicity data from the Company’s ongoing Phase 1/2 study evaluating ADXS-503 in combination with KEYTRUDA at the 2022 ASCO (Free ASCO Whitepaper) Annual Meeting in Chicago, IL
In Part B, enrolling patients failing KEYTRUDA as last therapy and receiving ADXS-503 + KEYTRUDA, overall response rate (ORR) was 14% (2/14) and Disease Control Rate (DCR) was 36% (5/14)
Long-term follow up suggests that patients who achieve durable clinical benefit upon addition of ADXS-503 to pembrolizumab include those with PD-L1 expression ≥50% and secondary resistance to KEYTRUDA
ADXS-503 has pleiotropic effects that may reverse the resistance and/or enhance the activity of KEYTRUDA in patients with durable clinical benefit, including: the elevation of serum cytokines, the activation of Natural Killer (NK) cells, the proliferation and activation of exhausted CD8+ T-cells and the emergence of memory CD8+ T cells.
In Part C, enrolling patients receiving ADXS-503 + KEYTRUDA in the 1st-line metastatic setting, data continue to show a DCR of 67% (2/3)
Announced study design for investigator-initiated trial with the second off-the-shelf, multi-neoantigen immunotherapy developed at Advaxis (ADXS-504) for biochemically recurrent prostate cancer at Columbia University
Announced 1-for-80 Reverse Stock Split
The Company’s common stock will continue to trade on the OTCQX under the current symbol: "ADXS," with a "D" placed on the ticker symbol for 20 business days after the split
The new CUSIP number for the common stock following the Reverse Stock Split will be 007624406
Upcoming milestones
Present additional clinical and immune correlative data from Phase 1/2 clinical trial of ADXS-503
Present initial clinical and biomarker date from Phase 1 clinical trial of ADXS-504
Management Commentary

Kenneth A. Berlin, President and Chief Executive Officer of Advaxis said, "We presented encouraging clinical results at ASCO (Free ASCO Whitepaper) which demonstrate the benefits that select patients are experiencing in our on-going phase 1/2 study of ADXS-503 with pembrolizumab both in the setting of failing pembrolizumab as last therapy and in the 1st-line metastatic setting. We look forward to the continuing the enrollment of patients in part B of the study with the goal of achieving the target 20% ORR and to the continued enrollment and advancement of our clinical trial of ADXS-504 in collaboration with researchers at Columbia University. In addition, we have completed the execution of the 1-for-80 reverse stock split which allows the company to pursue a return to listing on the NASDAQ." Mr. Berlin added, "We continue to control our expenses and foresee our cash runway extending into the second fiscal quarter of 2024."

Second Quarter Ended April 30, 2022 Financial Results

Research and development expenses for the second quarter of fiscal year 2022 were $1.5 million, compared with $4.3 million for the second quarter of fiscal year 2021. The reduction of $2.8 million was primarily attributable to the substantial reduction in costs associated with the winding down of clinical studies that have been discontinued. General and administrative expenses for the three months ended April 30, 2022 were approximately $1.8 million, compared to $3.4 million in the same three-month period in 2021. The decrease of $1.6 million primarily relates to decreases in rent and utilities, personnel costs and consulting costs.

As of April 30, 2022, the Company had approximately $32.1 million in cash and cash equivalents.

Medison Pharma Announces the Approvals by Health Canada and Therapeutics Goods Administration of KIMMTRAK® (tebentafusp) for the Treatment of Unresectable or Metastatic Uveal Melanoma

On June 8, 2022 Medison Pharma ("Medison"), a global pharma company focused on providing access to highly innovative therapies to patients in international markets, reported the approval of KIMMTRAK (tebentafusp) by Health Canada and Therapeutics Goods Administration (TGA) for the treatment of unresectable or metastatic uveal melanoma (mUM), a rare and aggressive form of melanoma that affects the eye (Press release, Medison Pharma, JUN 8, 2022, View Source [SID1234615785]).

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KIMMTRAK was developed by Immunocore Holdings plc ("Immunocore"), a commercial-stage biotechnology company pioneering the development of a novel class of T cell receptor (TCR) bispecific immunotherapies designed to treat a broad range of diseases, including cancer, infection and autoimmune disease.

The approval will enable Medison to commercialize KIMMTRAK (tebentafusp) in Canada and Australia, as part of a multi-territorial agreement between Medison and Immunocore, covering a total of 24 markets in Canada, Israel, 20 markets across Central Eastern Europe, as well as Australia and New Zealand.

"We are pleased to provide patients in Canada and Australia with access to this breakthrough therapy, as part of our multi-territorial partnership with Immunocore", said Meir Jakobsohn, Founder and CEO of Medison. "We look forward to continuing the momentum and reaching more patients around the globe".

"The approvals of KIMMTRAK by Health Canada and TGA are a milestone for uveal melanoma patients in Canada and Australia," said Victor Papamoniodis VP International Markets at Medison. "We are proud to make this breakthrough treatment available to Canadian and Australian patients and we are working diligently to secure additional approvals in the rest of our countries."

"The approval of KIMMTRAK by Health Canada and TGA represent another positive step forward for uveal melanoma patients. As a team, we are extremely proud that this groundbreaking treatment can now be made available to patients in over 30 countries around the world," said Mark Moyer, Head of Regulatory Affairs at Immunocore. "To have achieved this in such a short period of time demonstrates the impact that international initiatives such as Project Orbis, which enabled these rapid approvals, can have in providing faster patient access to innovative cancer treatments in countries outside of the US and EU."

"For years, metastatic uveal melanoma patients have had to make do with therapeutic options not ideally suited for their condition," said. Dr. Marcus Butler, Medical Oncologist, Tumor Immunotherapy Program, Melanoma/Skin Medical Oncology Site Lead at Princess Margaret Cancer Centre in Toronto, Canada. "Today’s approval of tebentafusp represents a paradigm shift in the treatment of unresectable or metastatic uveal melanoma and offers patients with new hope and a chance at longer survival."

About Uveal Melanoma

Uveal melanoma is a rare and aggressive form of melanoma, which affects the eye. Although it is the most common primary intraocular malignancy in adults, the diagnosis is rare. Up to 50% of people with uveal melanoma will eventually develop metastatic disease. Unresectable or metastatic uveal melanoma typically has a poor prognosis and had no approved treatment until KIMMTRAK.

About KIMMTRAK

KIMMTRAK is a novel bispecific protein comprised of a soluble T cell receptor fused to an anti-CD3 immune-effector function. KIMMTRAK specifically targets gp100, a lineage antigen expressed in melanocytes and melanoma. This is the first molecule developed using Immunocore’s ImmTAC technology platform designed to redirect and activate T cells to recognise and kill tumor cells. KIMMTRAK has been approved for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma in the United States, European Union, Canada, Australia, and the United Kingdom.

KIMMTRAK Clinical Review

Health Canada’s approval is based on the results of Immunocore’s Phase 3 IMCgp100-202 clinical trial, a randomized pivotal trial that evaluated overall survival (OS) of KIMMTRAK compared to investigator’s choice (either pembrolizumab, ipilimumab, or dacarbazine) in HLA-A*02:01-positive adult patients with previously untreated mUM. KIMMTRAK demonstrated an unprecedented OS benefit with a Hazard Ratio (HR) in the intent-to-treat population favoring KIMMTRAK, HR=0.51 (95% CI: 0.37, 0.71); p< 0.0001, over investigator’s choice (82% pembrolizumab; 13% ipilimumab; 6% dacarbazine).

IMPORTANT SAFETY INFORMATION

Cytokine Release Syndrome (CRS), which may be serious or life-threatening, occurred in patients receiving KIMMTRAK. Monitor for at least 16 hours following first three infusions and then as clinically indicated. Manifestations of CRS may include fever, hypotension, hypoxia, chills, nausea, vomiting, rash, elevated transaminases, fatigue, and headache. CRS occurred in 89% of patients who received KIMMTRAK with 0.8% being grade 3 or 4. Ensure immediate access to medications and resuscitative equipment to manage CRS. Ensure patients are euvolemic prior to initiating the infusions. Closely monitor patients for signs or symptoms of CRS following infusions of KIMMTRAK. Monitor fluid status, vital signs, and oxygenation level and provide appropriate therapy. Withhold or discontinue KIMMTRAK depending on persistence and severity of CRS.

In the randomised Phase 3 trial of KIMMTRAK, treatment-related adverse reactions were generally manageable and consistent with the proposed mechanism of action. Among the patients treated with KIMMTRAK, the most common Grade 3 or higher adverse events were rash (18%), pyrexia (4%), and pruritus (5%). In the 245 patients treated with KIMMTRAK, Grade 3 cytokine release syndrome (CRS) occurred in <1% of patients and were generally well-managed. There were no Grade 4 or higher CRS events observed in the Phase 3 clinical trial.

Skin Reactions

Skin reactions, including rash, pruritus, and cutaneous edema occurred in 91% of patients treated with KIMMTRAK. Monitor patients for skin reactions. If skin reactions occur, treat with antihistamine and topical or systemic steroids based on persistence and severity of symptoms. Withhold or permanently discontinue KIMMTRAK depending on the severity of skin reactions.

Elevated Liver Enzymes

Elevations in liver enzymes occurred in 65% of patients treated with KIMMTRAK. Monitor alanine aminotransferase (ALT), aspartate aminotransferase (AST), and total blood bilirubin prior to the start of and during treatment with KIMMTRAK. Withhold KIMMTRAK according to severity.

Embryo-Fetal Toxicity

KIMMTRAK may cause fetal harm. Advise pregnant patients of potential risk to the fetus and patients of reproductive potential to use effective contraception during treatment with KIMMTRAK and 1 week after the last dose.

The most common adverse reactions (≥30%) in patients who received KIMMTRAK were cytokine release syndrome, rash, pyrexia, pruritus, fatigue, nausea, chills, abdominal pain, edema, hypotension, dry skin, headache, and vomiting. The most common (≥50%) laboratory abnormalities were decreased lymphocyte count, increased creatinine, increased glucose, increased AST, increased ALT, decreased hemoglobin, and decreased phosphate.

For more information, please see full Summary of Product Characteristics (SmPC) or full U.S. Prescribing Information (including BOXED WARNING for CRS).

Alector to Participate in the Goldman Sachs 43rd Annual Global Healthcare Conference

On June 8, 2022 Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, reported management will participate in a fireside chat at the Goldman Sachs 43rd Annual Global Healthcare Conference on Wednesday, June 15, 2022, at 2:00 p.m. PT (Press release, Alector, JUN 8, 2022, View Source [SID1234615754]).

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A live webcast of the fireside chat will be available on the "Events & Presentations" page within the Investors section of the Alector website at View Source A replay will be available on the Alector website for at least 90 days following the event.