Navidea Biopharmaceuticals Announces Research Agreement with the University of Pennsylvania Evaluating Tc99m Tilmanocept as a Prognostic Marker for Glioblastoma

On February 7, 2022 Navidea Biopharmaceuticals, Inc. (NYSE American: NAVB) ("Navidea" or the "Company"), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, reported the signing of a Sponsored Research Agreement with the University of Pennsylvania ("Penn") for a project to evaluate the use of Tc99m tilmanocept imaging in glioblastoma as a prognostic agent for tumor growth rate and overall survival (Press release, Navidea Biopharmaceuticals, FEB 7, 2022, View Source [SID1234607795]). The research is led by Principal Investigator Ali Nabavizadeh, MD, of the Department of Radiology in the Perelman School of Medicine at Penn.

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Glioblastoma ("GBM") is the most aggressive and most common primary central nervous system tumor in adults and there is an urgent need for new therapies. Macrophages play an important role in tumor biology. They are a major population of non-cancer cells in GBM, representing as many as half of all cells in some cases. These Tumor Associated Macrophages ("TAMs") may then be a viable target for tumor therapies or serve as a biomarker for monitoring tumor status.

Broadly, active macrophages can be of a tumor suppressing type (M1 macrophages) or of a tumor promoting type (M2 macrophages). The TAMs are typically M2-like and are known to express high levels of CD206, the macrophage mannose receptor that Tc99m tilmanocept targets. This research has as its hypothesis that the M2 TAMs in GBM can be imaged with Tc99m tilmanocept, and that this imaging can serve as a predictive tool for outcome with and without use of an immunotherapy that works in part to change the M2-like macrophage population to a more M1-like state, promoting tumor killing.

In these preclinical studies, Tc99m tilmanocept imaging will be evaluated in correlation with tumor growth rate, and in separate studies Tc99m tilmanocept imaging will be performed before and after anti-interleukin-6 therapy, which has been shown to promote TAM switching from the M2 to M1 state. Study endpoints will include quantitative imaging compared to pathology and overall survival.

Dr. Michael Rosol, Chief Medical Officer for Navidea, said, "We are pleased to sponsor this important work with Dr. Nabavizadeh at Penn. This is another in a line of research collaborations we have had with the highest level of researchers at top tier institutions." Dr. Rosol continued, "Today’s announcement exemplifies the broad reach of our tilmanocept platform. The development of applications of Tc99m tilmanocept as a prognostic biomarker in cancers could have far-reaching implications for monitoring patient treatment and making decisions about therapeutic benefit. We are excited to continue to develop new and valuable applications for our core technology."

"TAMs are a very important component of immune microenvironment in GBM, and it is crucial to have reliable imaging biomarkers to quantify and monitor TAMs during the course of treatment," Dr. Nabavizadeh said. "The advantage of Tc99m tilmanocept is that it is already being used in patients for another research indication which means that we can move forward to human GBM patients under an Investigational New Drug Application (IND) if our preclinical studies show promising results."

iBio to Report Fiscal 2022 Second Quarter Financial Results and Provide Corporate Update on Monday, February 14, 2022

On February 7, 2022 iBio, Inc. (NYSEA:IBIO) ("iBio" or the "Company"), a developer of next-generation biopharmaceuticals and pioneer of the sustainable, plant-based FastPharming Manufacturing System, reported that it will report its fiscal 2022 second quarter financial results after market close on Monday, February 14, 2022 (Press release, iBioPharma, FEB 7, 2022, View Source [SID1234607812]). iBio management will host a webcast and conference call at 4:30 p.m. Eastern Time to discuss the results and provide a corporate update.

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The live and archived webcast may be accessed on the Company’s website at www.ibioinc.com under "News and Events" in the Investors section. The live call can be accessed by dialing (833) 672-0651 (domestic) or (929) 517-0227 (international) and referencing conference ID: 3527478.

Announcement of Consolidated Financial Results Fiscal 2021

On February 7, 2022 Kyowa Hakko Kirin reported that Consolidated Financial Summary (IFRS)Fiscal 2021 (Press release, Kyowa Hakko Kirin, FEB 7, 2022, View Source [SID1234607779])

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1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (from January 1, 2021 to December 31, 2021)

(1) Consolidated operating results
(2) Consolidated financial position
(3) Consolidated cash flows

2. Dividends

3. Consolidated Earnings Forecasts for the Fiscal Year Ending December 31, 2022 (from January 1, 2022 to December 31, 2022) Non-Consolidated Results for the Fiscal Year Ended December 31, 2021 (Japanese GAAP) (from January 1, 2021 to December 31, 2021)
(1) Non-consolidated operating results
(2) Non-consolidated financial position

These financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

* Notice regarding the appropriate use of the earnings forecasts and other special comments
The forward-looking statements, including earnings forecasts, contained in these materials are based on the information currently available to the Company and on certain assumptions deemed to be reasonable by management. As such, they do not constitute guarantees by the Company of future performance. Actual results may differ materially from these projections for a wide variety of reasons.

For more information regarding our suppositions that form the assumptions for the earnings forecasts, please see pages 17 and 18 of the attachment, "(5) Outlook for Fiscal 2022" in "
1. Summary of Business Performance and Financial Position."

Kyowa Kirin Announces Changes to Its Organization

On February 7, 2022 Kyowa Kirin Co., Ltd. (President and CEO: Masashi Miyamoto, "Kyowa Kirin", TSE: 4151) reported that it will make changes to its organization as of April 1, 2022 (Press release, Kyowa Hakko Kirin, FEB 7, 2022, View Source [SID1234607780]).

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Outline of the changes:
1) The Strategy Division will be newly established.
2) The Corporate Strategy & Planning Department will be split into the Corporate Strategy Department and the Corporate Planning Department, and both departments will be placed in the Strategy Division.
3) The name of the Overseas Business Planning Department will be changed to the Overseas Business Strategy Department, which will be placed in the Strategy Division.
4) The Established Medicine Strategy Department will be newly established and placed in the Strategy Division.

Purpose of the organization changes:
1) Given the development of the business of Kyowa Kirin including its globalization, in addition to consolidating and coordinating each business and product strategy department, to establish a structure to supervise non-financial topics and established medicines as well.
2) To systematically position the functions of supervising its mid-and long-term corporate strategy and managing its corporate plan.
3) To strengthen overseas business strategies and strategic management of regional headquarters.
4) To develop and execute product strategies closely coordinated with business management.
5) To comprehensively grasp the status of established medicines that Kyowa Kirin owns and to supervise business execution to ensure that it proceeds efficiently.

Cyclacel Pharmaceuticals to Participate in 2022 BIO CEO & Investor Conference

On February 7, 2022 Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC, NASDAQ: CYCCP; "Cyclacel" or the "Company"), a biopharmaceutical company developing innovative medicines based on cancer cell biology, reported that the Company will participate in the 2022 BIO CEO & Investor Conference on February 14-17, 2022 (Press release, Cyclacel, FEB 7, 2022, View Source [SID1234607797]).

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Conference details can be found below:

BIO CEO & Investor Conference: virtual meetings and on-demand presentation (available on conference site February 11, 2022)
Date: 1-on-1 virtual meetings with senior management February 14-17, 2022
Registration Link
The presentation can be accessed for 90 days and can be found on the Cyclacel website at www.cyclacel.com.