Biocytogen/Eucure Biopharma to Present Clinical Data from YH003 (anti-CD40 mAb) and YH001 (anti-CTLA-4 mAb) Trials at 2022 American Society of Clinical Oncology (ASCO) Annual Meeting

On May 24, 2022 Eucure Biopharma, a wholly owned subsidiary of Biocytogen Pharmaceuticals (Beijing) Co., Ltd. ("Biocytogen"), reported that it will present two posters at the 2022 ASCO (Free ASCO Whitepaper) Annual Meeting, taking place in Chicago, IL and virtually from June 3-7, 2022 (Press release, Eucure, MAY 24, 2022, View Source [SID1234615151]). The posters describe updates from two phase I clinical studies in Australia for internally developed monoclonal antibodies (mAbs) YH003 (anti-CD40, abstract # 2603) and YH001 (anti-CTLA-4, abstract # 2602). Both YH003 and YH001 demonstrate favorable safety and tolerability profiles and preliminary efficacy when administered in combination with anti-PD-1 mAbs to patients with advanced solid tumors.

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About YH003
YH003 is a humanized IgG2 agonistic CD40 antibody. Whether used as a single agent or in combination with anti-PD-1 mAb drugs, YH003 demonstrated strong anti-tumor effects against multiple tumor models in Biocytogen’s humanized CD40 mice, without exhibiting hepatotoxicity or other toxicities. Pharmacodynamic studies in mice indicate that YH003 significantly increased the infiltration of anti-tumor T cells into tumors. Currently, YH003 is undergoing phase II multi-regional clinical trials (MRCTs) for the treatment of patients with unresectable/metastatic melanoma and pancreatic ductal adenocarcinoma (PDAC).

About YH001
YH001 is an anti-CTLA-4 monoclonal antibody. CTLA-4 is a key target for tumor immunotherapies, due to the potential to enhance the immune response to tumor cells and promote removal of regulatory T cells from the tumor microenvironment. Blocking the inhibitory signals from both CTLA-4 and PD-1 to enhance the anti-tumor responses is considered a promising tumor immunotherapy, as they control different types of T cells. Currently, YH001 is undergoing phase II MRCTs for the treatment of patients with advanced non-small cell lung cancer (NSCLC) and hepatocellular carcinoma (HCC). Moreover, Biocytogen/Eucure Biopharma has entered into a collaborative partnership agreement with TRACON Pharmaceuticals (NASDAQ: TCON) for the development of YH001 for multiple oncology indications, including soft tissue sarcoma, in North America.

Travecta Therapeutics Announces In-Person Presentation at 2022 BIO International Convention

On May 24, 2022 Travecta Therapeutics, Pte Ltd., a private biopharmaceutical company pioneering transformative treatments for serious neurological conditions by utilizing a natural transport system in the blood-brain barrier ("BBB") as a novel delivery platform, reported that Donald C. Manning, MD, PhD, Chief Medical Officer and Head of Research and Development, will present at the 2022 BIO International Convention occurring June 13-16, 2022 in San Diego, CA (Press release, Travecta Therapeutics, MAY 24, 2022, View Source [SID1234614986]). The presentation will take place on Monday, June 13, 2022 at 12:30 PM PDT in Theater 2 in the San Diego Convention Center.

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Dr. Manning will provide an overview of the Company’s platform technology, which came out of David Silver’s lab at Duke-NUS Medical School and is based on the discovery that the MFSD2A protein, in the BBB, can transport drugs into the central nervous system ("CNS") when attached to modified fatty acids. Travecta uses this platform to select and screen active drugs with poor BBB penetration and conjugate them with transport-enabling structures to facilitate BBB transport via MFSD2A and specific release of active drug in the CNS.

Dr. Manning will also discuss recent development updates across multiple pipeline programs that have been discovered using the Travecta platform, including TVT-004, a conjugate of the endocannabinoid anandamide with potential to treat a broad range of neurologic disorders, and additional programs with a range of neuro-inflammation and neuro-oncology applications.

"We have made tremendous progress on development of the Travecta platform and pipeline programs thus far in 2022," noted Dr. Manning. "BIO is an excellent opportunity to share this progress as we move our lead program toward the clinic by the end of the year."

Added Dr. Charles Ryan, PhD, President and Chief Executive Officer, "Because the Travecta platform has the flexibility to enhance the CNS access of a broad range of compounds, partnering is a core element of our strategy, and BIO is an ideal environment for us to identify new collaboration opportunities for the creation of next-generation CNS-penetrant therapeutics."

Iterative Scopes Unveils Registration Trial Data Showing Improvement in Colonoscopy Procedure Efficacy with Computer-Aided Device SKOUT™

On May 24, 2022 Iterative Scopes, a pioneer in precision medicine technologies for gastroenterology, reported that the company’s automated polyp detection algorithm for colorectal cancer (CRC) screening, SKOUT, demonstrated statistical superiority of overall adenoma detection in a randomized, controlled prospective clinical trial, compared to routine colonoscopy (Press release, Iterative Scopes, MAY 24, 2022, View Source [SID1234615003]). The 27% relative improvement in adenomas per colonoscopy (APC) detection in a relatively average-risk patient population reflects one additional adenoma detected among every 4.5 patients screened and occurred without decreasing safety or workflow efficiency, important considerations for gastroenterologists performing the procedures. The results from the registration trial were also accepted for publication in Gastroenterology.

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SKOUT is a computer-aided device (CADe) that uses artificial intelligence and advanced computer vision technology to recognize suspicious tissue and provide real-time feedback to gastroenterologists. The goal is to detect suspicious lesions early, which has been shown to decrease incidence of CRC.1 CRC is the second leading cause of cancer deaths in the United States and Europe.2,3

Aasma Shaukat, MD, MPH, the Robert M. and Mary H. Glickman Professor of Medicine and Gastroenterology at NYU Grossman School of Medicine, presented the findings in an oral presentation entitled "Increased Adenoma Detection with the use of a novel computer aided detection device, SKOUT: Results of a multicenter randomized clinical trial in the US" during a "Late-Breaking Clinical Science Abstract Plenary" session (No. 5095) on Tuesday, May 24 at 8:15 AM PDT. Her comments were the first public disclosure of data from the clinical trial, which Iterative Scopes submitted to the FDA in a 510(k) filing for review in November 2021. The 510(k) clearance for SKOUT is pending, it is not currently for sale in the United States.

"The results from this study indicate that CADe polyp-detection devices can enhance the quality of colonoscopy and are an important addition in the endoscopy suite," said Dr. Shaukat. "Improving detection of adenomas per colonoscopy without increasing the rate of removal of healthy tissue has the potential of making our colonoscopy practice even more effective in the prevention of colorectal neoplasia."

Colonoscopies are routinely performed to screen for CRC with the goal of detecting precancerous lesions, known as adenomas.1 Studies show that colonoscopies are highly operator dependent, and endoscopists miss up to 26% of adenomas.4

In the SKOUT registration study, 1359 randomized subjects were included in the primary analysis in two separate cohorts. One cohort underwent a colonoscopy procedure with the implementation of the SKOUT AI software, and the other group underwent a colonoscopy procedure without implementation of the SKOUT AI software. Twenty-two board-certified, experienced gastroenterologists from five academic medical and community centers in the United States participated in the trial.

Both primary study endpoints were met. Adenomas per colonoscopy increased significantly with the use of SKOUT compared to the control, and true histology rate (THR) did not significantly change between cohorts. APC is a quality metric of colonoscopy procedure efficacy and is defined as the number of detected adenomas in a procedure divided by the total number of screening colonoscopies.4 A recently published analysis of state cancer registries found that incidence of post-colonoscopy CRC within three years of baseline examination decreased among endoscopists with higher APC rates.5

THR is a measure of resection of non-neoplastic lesions. A decrease in THR may indicate a rise in the resection of histologically unimportant (healthy) tissue. In this study THR did not change significantly with the use of SKOUT compared to the control. These results were consistent in both the screening and surveillance populations.

The study resulted in additional findings demonstrating improved detection of clinically important lesions. The study met secondary endpoints showing that the use of SKOUT did not affect procedure withdrawal time nor total procedure time. This indicates that this technology may be able to be integrated smoothly into routine clinical practice. Full study results have been accepted by Gastroenterology and will be released in the near term.

Kahi CJ, Imperiale TF, Juliar BE, et al. Effect of screening colonoscopy on colorectal cancer incidence and mortality. Clin Gastroenterol Hepatol 2009;7:770-775.
Dyba T, Randi G, Bray F, et al. The European cancer burden in 2020: Incidence and mortality estimates for 40 countries and 25 major cancers. European Journal of Cancer 2021; 157: 308-347.
Rebeca S, Kimberly M, Ann Godin S, Colorectal Cancer Statistic, 2020. CA Cancer J Clin 2020; 70:145-164.
Zhao S, Wang S, Pan P, et al. Magnitude, risk factors, and factors associated with adenoma miss rate of tandem colonoscopy: a systematic review and meta-analysis. Gastroenterology 2019;156:1661-1674.e11.
Anderson J, Hisey W, Robinson C, et al. Mean adenomas per colonoscopy is inversely associated with post colonoscopy colorectal cancers: data from the New Hampshire Colonoscopy Registry validating this quality measure. Paper presented at: American College of Gastroenterology 2021 Annual Scientific Meeting; October 22-27, 2021; Las Vegas, Nevada.

Corporate Presentation

On May 24, 2022 On May 24, 2022, Alaunos Therapeutics, Inc.’s Chief Executive Officer, Kevin S. Boyle Sr., and Vice President of Research & Development, Drew Deniger, Ph.D., presented a presentation at the H.C. Wainwright Global Investment Conference (Presentation, Alaunos Therapeutics, MAY 24, 2022, View Source [SID1234614987]).

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Neurocrine Biosciences Announces Repurchase of Convertible Notes

On May 24, 2022 Neurocrine Biosciences, Inc. (Nasdaq: NBIX) (the "Company" or "Neurocrine Biosciences") reported that it has entered into separate, privately negotiated transactions (the "Agreements") with certain holders of its existing 2.25% Convertible Senior Notes due 2024 (the "2024 Notes") to repurchase approximately $179.4 million aggregate principal amount of the 2024 Notes for an aggregate repurchase price of an amount of cash estimated to be the sum of (i) approximately $224.0 million, (ii) an amount based in part on the trading price of the Company’s common stock and (iii) accrued and unpaid interest (Press release, Neurocrine Biosciences, MAY 24, 2022, View Source [SID1234615004]). The 2024 Notes repurchases are expected to close over a period ending on June 14, 2022, subject to customary closing conditions. Such repurchases of the 2024 Notes could affect the market price of the Company’s common stock.

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Following these repurchases, approximately $201.8 million aggregate principal of the Company’s 2024 Notes will remain outstanding, from an initial principal balance of $517.5 million. "Given our balance sheet flexibility, we have now reduced our convertible debt levels by approximately 60% over the past two years in an effort to minimize dilution for our shareholders," said Matt Abernethy, Chief Financial Officer of Neurocrine Biosciences. "Our capital allocation priorities remain focused on growing INGREZZA and advancing our mid-to-late-stage clinical programs."

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.