AKSO Announces Publication of Preclinical Data Demonstrating Engineered Soluble BCMA Decoy Receptor AB001 Effectively Inhibits Multiple Myeloma and Diffuse Large B Cell Lymphoma

On July 27, 2022 AKSO Biopharmaceutical, Inc. ("AKSO"), a global biopharmaceutical company with an innovative and comprehensive approach to treat cancer, autoimmune disease, and genetic disorder, reported the publication in the Journal of Experimental Medicine of preclinical data demonstrating that AKSO’s late preclinical stage molecule AB001 effectively inhibits growth of Multiple Myeloma ("MM") and Diffuse Large B Cell Lymphoma ("DLBCL") in mice (Press release, AKSO Biopharmaceutical, JUL 27, 2022, View Source [SID1234617024]). Importantly, AB001 was also found to be nontoxic in non-human primates.

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"AB001 is a first-in-class and potentially best-in-class ligand trap targeting APRIL and BAFF, which are known to be difficult to sequester due to high native binding affinities to their receptors, but also critical regulators of B cell development and survival," said Professor Amato Giaccia, AKSO’s Chairman and Senior Scientific Strategist. "Our study demonstrated the novel mechanism of APRIL and BAFF in modulating protein translation; and suggest that engineered soluble BCMA could be a superior alternative to therapeutics either approved or in development for MM and DLBCL."

"Safe and effective targeted therapies are urgently needed for MM and DLBCL patients who exhaust currently available treatment options," said Dr. Rebecca Miao, AKSO’s Chief Scientific Officer. "Collectively, our data support AB001 as a clinically viable candidate for the treatment of MM and DLBCL. Furthermore, the biological functions of BAFF and APRIL are not limited to B cell malignancies but extend to autoimmune disorders and other diseases triggered by pathological B cells, indicating a broad clinical application of AB001."

Key findings from the study performed under the guidance of Professor Giaccia and Dr. Miao, reported in the publication titled "Developing High-Affinity Decoy Receptor Optimized for Multiple Myeloma and Diffuse Large B Cell Lymphoma Treatment", include:

APRIL and BAFF mediated signalling is required for MM progression;
When compared to the wild-type soluble BCMA receptor, AB001 shows 500-fold stronger binding toward BAFF and 4-fold stronger binding toward APRIL;
AB001 is capable of neutralizing APRIL and BAFF and their receptor activities, impacting protein translation and production in MM and DLBCL cells;
Treatment with AB001 led to enhanced antitumor activity in a number of MM and DLBCL mouse models;
AB001 also demonstrated an adequate toxicity profile and on-target mechanism of action in nonhuman primate studies.
ABOUT AB001

AB001 is a late preclinical stage first-in-class and best-in-class engineered soluble BCMA decoy receptor. AB001 traps APRIL and BAFF with ultra-high binding affinities thereby inhibiting ligand mediated activation of receptors BCMA, BAFF Receptor and TACI.

Theratechnologies Announces Closing of Funding of $40 Million Under the Terms of its Credit Agreement

On July 27, 2022 Theratechnologies Inc. ("Theratechnologies" or the "Company") (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, reported that it has received funding of $40 million under the terms of its credit agreement with affiliated funds of Marathon Asset Management (Press release, Theratechnologies, JUL 27, 2022, View Source [SID1234617043]). All dollar amounts are expressed in U.S. dollars, unless otherwise stated.

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This initial amount will be used to purchase $30 million of the principal amount of the convertible notes due June 2023 (the "Notes"). The purchase of the Notes is expected to occur on or about July 29, 2022.

On July 13, 2022, the Company announced that it entered into a binding commitment letter for a non-dilutive term loan of up to $100 million with affiliated funds of Marathon Asset Management. This credit facility is available to Theratechnologies in four various tranches with today’s first tranche of $40 million having been drawn down and funded. The credit agreement is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov under Theratechnologies’ filings.

Beyond Air® Schedules First Fiscal Quarter 2023 Financial Results Conference Call and Webcast

On July 27, 2022 Beyond Air, Inc. (NASDAQ: XAIR), a medical device and biopharmaceutical company focused on developing inhaled nitric oxide (NO) for the treatment of patients with respiratory conditions, including serious lung infections and pulmonary hypertension, and, through its affiliate Beyond Cancer, ultra-high concentration nitric oxide (UNO) for the treatment of solid tumors, reported that it will report financial results for its first fiscal quarter ended June 30, 2022 on Thursday, August 11, 2022 (Press release, Beyond Air, JUL 27, 2022, View Source [SID1234617097]). The Company’s management team is scheduled to host a conference call and webcast at 4:30 pm Eastern Time the same day.

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Akoya to Participate at Two Upcoming Investor Conferences

On July 27, 2022 Akoya Biosciences, Inc. (Nasdaq: AKYA) ("Akoya"), The Spatial Biology Company, reported that it will be participating in two upcoming investor conferences (Press release, Akoya Biosciences, JUL 27, 2022, View Source [SID1234616993]).

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UBS Genomics 2.0 and MedTech Innovation Conference
Fireside Chat – Brian McKelligon, Chief Executive Officer, and Niro Ramachandran, Chief Business Officer, will participate in a fireside chat on Tuesday, August 9th at 1:00 PM PT.
Canaccord Growth Conference
Panel: The New Frontier of Life Sciences: Spatial Omics is Transforming Biological Analysis – Brian McKelligon, Chief Executive Officer, will participate in a panel discussion on Wednesday, August 10th at 12:00 PM ET. Canaccord Genuity has arranged for all presentations to be broadcasted live and available for replay via the conference portal for 14 days.

Kura Oncology to Report Second Quarter 2022 Financial Results

On July 27, 2022 Kura Oncology, Inc. (Nasdaq: KURA), a clinical-stage biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer, reported that it will report second quarter 2022 financial results after the close of U.S. financial markets on Wednesday, August 3, 2022 (Press release, Kura Oncology, JUL 27, 2022, View Source [SID1234617009]). Kura’s management will host a webcast and conference call at 4:30 p.m. ET / 1:30 p.m. PT that day to discuss the financial results and provide a corporate update.

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To participate in the teleconference, domestic callers should dial 1-888-882-4478 and international callers should dial 1-323-794-2590 and reference conference ID: 8696904. A live webcast presentation can also be accessed using this weblink: View Source;tp_key=10754ad253. A replay of the webcast will be available online from the investor relations section of the company website at www.kuraoncology.com.