Theolytics’ £1M project with InnovateUK to develop a novel therapy for multiple myeloma patients

On June 1, 2022 Theolytics is a biotechnology company harnessing viruses to combat disease reported the company has been awarded a Biomedical catalyst grant by Innovate UK to progress a novel therapy for multiple myeloma patients (Press release, Theolytics, JUN 1, 2022, View Source [SID1234630918]).

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Multiple myeloma is an incurable blood cancer, for which cancer-killing (‘oncolytic’) viruses are an emerging therapy offering hope. The therapy selectively infects and kills cancer cells – targeting heterogeneous, systemic cancers based on their phenotype rather than molecular targets, providing the promise of durable remission and curative potential.

This grant will focus on translating Theolytics’ lead candidate to clinic-readiness. The work includes partnering with the University of Sheffield to investigate the efficacy of Theolytics’ lead candidate

in clinically representative, drug-resistant models of multiple myeloma. This project will further validate this novel therapy, positioning the lead oncolytic virus candidate for testing in Phase I clinical trials.

Margaret Duffy, Chief Scientific Officer and Co-Founder said: "The myeloma treatment landscape has changed considerably in recent years; despite some promising clinical results with BCMA targeted therapies, lasting remissions remain a challenge for many myeloma patients. Due to the unique mechanism of this oncolytic virus candidate, we wish to offer hope to those with advanced, refractory disease. This grant provides the opportunity to advance our candidate to the clinics and we are grateful to Innovate UK for their continued support of Theolytics’ work."

Michelle Lawson, Academic Collaborator, University of Sheffield said: "I am absolutely thrilled to be working in collaboration with Theolytics on this exciting project to further demonstrate the efficacy of their lead candidate in our preclinical models of myeloma, as subsequent in-patient use could ultimately lead to much-needed improvements in outcomes for myeloma patients with advanced disease."

Almac Discovery nominates a first candidate molecule from its Protein Drug Conjugate (PDC) Platform to progress into pre-clinical development

On June 1, 2022 Almac Discovery, a research driven drug discovery company and member of the Almac Group, reported the nomination of a new pre-clinical candidate molecule (ADP-c389), a novel Protein Drug Conjugate (PDC) targeting the tumour-associated antigen ROR1, for the treatment of refractory solid and haematological cancers (Press release, Almac, JUN 1, 2022, View Source [SID1234615313]). This follows an extensive profiling exercise in which ADP-c389 has demonstrated an excellent preclinical efficacy profile in a range of models, a large therapeutic index and robust preclinical development potential.

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This nomination represents the first candidate molecule to be generated using Almac Discovery’s novel PDC platform. The platform combines the use of single chain antigen binding domains with Almac’s proprietary linker:payload and conjugation technologies to produce first and best in class compounds that target unmet needs in oncology.

ROR1 is a novel tumour-associated antigen and was selected as the first target for the platform due to its selective expression pattern on different tumour types including triple-negative breast cancer, lung cancer, ovarian and colorectal cancer, and its functional role in tumorigenesis, disease progression and drug resistance. With ADP-c389 in hand, the Almac Discovery team are now also exploring additional clinical applications for the molecule in areas of high unmet need.

Dr Graham Cotton, Head of Protein Therapeutics at Almac Discovery, said: "The nomination of this candidate drug represents a significant value inflection point in in the development of our PDC platform and an important step forward in our search for new treatments for solid tumours. This particular molecule has arisen from our strategic collaboration with Elasmogen Ltd, (Aberdeen UK), with whom we have worked to identify a selective, high affinity single domain binding molecule derived from their shark Variable New Antigen Receptor (VNAR) platform. With this, and other differentiating features included in the design of this compound, we are confident that ADP-c389 has the potential to progress to a Best-in-Class drug against this clinically relevant target."

Dr Alan Lamont, VP Business Development and Licensing added: "We are now seeking to identify a partner to facilitate clinical development of this asset and take this molecule through the next stages of development."

Aadi Bioscience to Present at the Jefferies Global Healthcare Conference

On June 1, 2022 Aadi Bioscience, Inc. (NASDAQ: AADI), a biopharmaceutical company focused on developing and commercializing precision therapies for genetically defined cancers with alterations in mTOR pathway genes, reported members of the Aadi senior management team will participate in the Jefferies Global Healthcare Conference, to be held in New York, NY June 8-10, 2022 (Press release, Aadi Bioscience, JUN 1, 2022, View Source [SID1234615329]). Founder, Chief Executive Officer and President, Neil Desai, Ph.D. is scheduled to present live during a fireside chat at 10am ET on Thursday, June 9, 2022.

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A live webcast of the presentation will be available on the "Event Calendar" page within the Investors & News section of the Company’s website at www.aadibio.com. A replay of the webcast will be available for approximately 30 days following the presentation.

EXACT Therapeutics AS to present at the Annual International Symposium for Therapeutic Ultrasound (ISTU) Conference in Toronto

On June 1, 2022 EXACT Therapeutics AS ("EXACT-Tx", Euronext Growth: EXTX), a clinical-stage biopharmaceutical company with a mission to enhance the therapeutic efficacy of medicines through ultrasound-mediated drug delivery, reported the presentation of preclinical results of Acoustic Cluster Therapy (ACT) in a murine brain model, at the Annual International Symposium for Therapeutic Ultrasound (ISTU) Conference being held on 7th -10th June 2022 in Toronto, Canada (Press release, Exact Therapeutics, JUN 1, 2022, View Source [SID1234615347]).

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The ISTU is a non-profit organization founded in 2001 to increase and diffuse the knowledge of therapeutic ultrasound to the scientific and medical community and facilitate the translation of therapeutic ultrasound techniques into the clinical area for the benefit of patients worldwide.

The work presented by EXACT-Tx at the ISTU demonstrates the possibility of using ACT to help deliver therapeutics to the brain, addressing a significant unmet medical need with close to 98% of drugs in development unable to cross the blood-brain barrier (BBB).

Dr Masha Strømme, Executive Chair EXACT-Tx said: "These data sets have deepened our understanding of the mechanism behind ACT-induced increased BBB permeability and enhanced accumulation of co-injected molecules, and also given us new insights on the spatial and temporal extravasation pattern induced by ACT, important for understanding the mechanism of this therapeutic strategy for drug delivery to the brain."

Propanc Biopharma Believes PRP Reduced Toxicity Will Impact Cancer Patient Lives Significantly

On June 1, 2022 Propanc Biopharma, Inc. (OTCQB: PPCB) ("Propanc" or the "Company"), a biopharmaceutical company developing novel cancer treatments for patients suffering from recurring and metastatic cancer, reported that Chief Scientific Officer and Co-Founder, Dr Julian Kenyon MD, MB, ChB, believes the reduced toxicity of PRP compared to standard treatment approaches will impact cancer patient lives significantly. Many standard therapies for advanced cancer urgently need improvement, generally providing modest benefits and frequently causing adverse effects (Press release, Propanc, JUN 1, 2022, View Source [SID1234615366]). Propanc’s focus is to provide oncologists and their patients with therapies for metastatic cancer which are more effective than current therapies and have a substantially reduced side effect profile. According to Cancer Treatment Centers of America, for all the advances made in cancer treatment over the past several decades, one statistic has remained unchanged: Metastatic cancer accounts for up to 90% of all cancer deaths in the United States each year.

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While surgery is often safe and effective for early-stage cancer, many standard therapies for late-stage cancer inflict too much trauma and provide too little benefit. Side effects include hair loss, nausea and vomiting, as well as blood related (hematological) side effects, which may include a low cell count of infection fighting white blood cells (neutropenia), low red blood cell count (anemia) and low platelet count (thrombocytopenia). In many cases, patients are often admitted to intensive care from the side effects of treatment. Infection is a significant cause of death among cancer sufferers due to immune suppression. The COVID-19 pandemic further highlights the plights of this poor patient population, adding to the stress of undergoing treatment with side effects that can be life threatening. Other examples of effects from standard treatment approaches include skin and gastrointestinal toxicities. Severe side effects such as rupture of the bowel and severe hypertension often requiring emergency treatment.

"We are developing a new cancer treatment to extend life and reduce pain and suffering. Our vision is to provide therapies which are more effective than current therapies and safe, which avoid short-term side effects, such as loss of hair, and long-term effects, such as permanent damage to healthy tissues," said Dr Kenyon. "Patients need access to a follow up therapy which is safe and effective enough to minimize the risk of recurrence, post-surgery. Whilst such a follow up therapy is worthwhile for some cancers, it is usually moderately effective and often too toxic for long-term use. This is where our lead product candidate, PRP, fits in. We believe it works with a number of cancers over a prolonged period. Also, PRP exhibits minimal side effects, where patients are unlikely to be hospitalized as a result of receiving treatment."

"Our management team have worked extensively with scientific researchers internationally over the last 15 years and have improved our understanding of the mode of action of PRP and most importantly, enhanced the potency of the formulation to maximize its anti-cancer effects, whilst continuing to exhibit no serious side effects," said James Nathanielsz, Propanc’s Chief Executive Officer. "Our goal is to offer a cancer treatment which will improve the life expectancy of people with metastatic cancer and at minimal cost in terms of quality of life. We look forward to progressing PRP into a First-In-Human (FIH) study in advanced cancer patients."

Clinical experience was obtained via a compassionate use study in 46 late-stage cancer patients using a suppository formulation of two proenzymes, trypsinogen and chymotrypsinogen. Dr Kenyon concluded that no severe or serious adverse events related to the rectal administration were observed. Patients did not experience any hematological side effects as typically seen with classical chemotherapy regimens. No allergic reactions after rectal administration of suppositories were also observed.

A Good Laboratory Practice (GLP), non-clinical, 28-day repeat dose toxicity study of PRP administered via daily intravenous (I.V.) injections was also conducted. It was concluded that all dose levels were well tolerated. Furthermore, PRP was not associated with any morbidity or clinical signs of toxicity, no macroscopic pathology (disease) findings were considered treatment-related and all observed necroscopy (death related) findings were considered incidental. Also, no major toxicological findings or treatment-related changes were identified in organs examined by pathologists.

PRP is a mixture of two proenzymes, trypsinogen and chymotrypsinogen from bovine pancreas administered by intravenous injection. A synergistic ratio of 1:6 inhibits growth of most tumor cells. Examples include kidney, ovarian, breast, brain, prostate, colorectal, lung, liver, uterine and skin cancers.