AMGEN PROVIDES LONG-TERM GUIDANCE THROUGH 2030 DURING BUSINESS REVIEW MEETING

On February 8, 2022 Amgen (NASDAQ:AMGN) reported that provided preliminary long-term guidance between 2022 and 2030 in addition to full year 2022 guidance (Press release, Amgen, FEB 8, 2022, View Source [SID1234607836]).

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In addition, the Company discussed its 2022 share repurchase plans of between $6 billion and $7 billion, including its plans to buy back up to $6 billion of its shares during the first quarter of 2022.

Amgen’s business review is taking place February 8, 2022 from 8:00 a.m. to approximately 12:00 p.m. ET and financial analysts, investors, members of the news media and the general public may access the business review and other webcasts and presentations regarding developments in Amgen’s business given at investor and medical conferences via www.amgen.com under the Investors tab. Information regarding presentation times, webcast availability and webcast links are noted on Amgen’s Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event.

At the conclusion of the meeting, Amgen will issue a press release reviewing the content of the meeting that provided a comprehensive overview of the Company’s strategy, commercial operations, pipeline, research and development capabilities.

Applied Cells Inc. Enters Collaborative Marketing Agreement with S2 Genomics Inc. to Provide a Powerful Tumor Biology Solution in Tissue Sample Preparation

On February 8, 2022 Applied Cells, a leading provider of cell preparation and isolation solutions for tumor biology research, reported a joint marketing agreement with S2 Genomics to further the field of tumor biology (Press release, Applied Cells, FEB 8, 2022, View Source [SID1234607868]). The joint program leverages S2 Genomics’ Proprietary Singulator 100 System for dissociation of solid tissue into cell and nuclei suspensions integrated with Applied Cells’ proprietary MARS Acoustics and Magnetic technologies to provide a complete workflow for tissue sample preparation. The automated Singulator gently processes a wide range of tissue types. Once dissociated, the MARS system provides a fast process for debris removal resulting in high purity, high recovery of single cells or nuclei for downstream analytics such as single cell sequencing, flow and image cytometry. The combined power of the platforms ensures fast, gentle processing of precious tissue samples that maintain healthy, non-exhausted cellular structures.

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"We are committed to bringing a total solution approach to our customers," said Janette Phi, CCO of Applied Cells. "Our joint marketing with S2 Genomics provides a powerful combination of Singulator and MARS solutions to the field of tumor biology."

S2 Genomics is focused on facilitating scientific discovery by providing advanced tools and automated workflows to our customers. Generating highly purified suspensions of cells or nuclei is essential for obtaining high quality single cell genomics or flow cytometry data. We are excited to partner with Applied Cells to deliver superior workflow solutions to our customers.

Hummingbird Bioscience Publishes Preclinical Data Demonstrating Therapeutic Potential of HMBD-002 in VISTA-expressing Cancers

On February 8, 2022 Hummingbird Bioscience, an innovative clinical-stage biotech company focused on developing precision therapies against hard-to-drug targets in cancer and autoimmune disease, reported the publication of preclinical data for HMBD-002, a novel anti-VISTA antibody therapeutic, in the Journal for ImmunoTherapy of Cancer, a peer-reviewed journal of the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) (Press release, Hummingbird Bioscience, FEB 8, 2022, View Source [SID1234607937]).

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The publication highlights how HMBD-002, an IgG4 isotype anti-VISTA neutralizing antibody rationally developed with Hummingbird Bioscience’s Rational Antibody Discovery (RAD) platform, binds specifically and with high affinity to a binding site distinct from other published VISTA antibodies, and significantly inhibits tumor growth in syngeneic and humanized murine models of cancer. The data demonstrate that HMBD-002 inhibits VISTA binding to key partners, including VSIG3, to release suppression of T cell activity, and that HMBD-002 treatment results in remodeling of the tumor microenvironment in murine models towards an anti-tumor phenotype.

"We believe that VISTA has not been adequately drugged to date due to its complex biology that has complicated the discovery and testing of therapeutics that could achieve effective VISTA inhibition without causing unacceptable toxicity," said Dr. Jerome Boyd-Kirkup, Chief Scientific Officer, Hummingbird Bioscience. "Our preclinical data strongly supports that our differentiated anti-VISTA antibody HMBD-002, the development of which was uniquely enabled by our Rational Antibody Discovery platform, has potential as an important new therapy that may address VISTA-mediated immunosuppression across a broad range of tumors."

The publication, titled ‘Rationally targeted anti-VISTA antibody that blockades the C-C’ loop region can reverse VISTA immune suppression and remodel the immune microenvironment to potently inhibit tumor growth in an Fc independent manner’, can be accessed online.

HMBD-002 is currently being developed for patients with VISTA-expressing cancers, including triple-negative breast cancer and non-small cell lung cancer. The Phase 1 clinical trial NCT05082610 is open and enrolling.

About HMBD-002

HMBD-002 is an investigational IgG4 anti-VISTA antagonist antibody produced by our RAD platform to target the region where VISTA interacts with binding partners that have been shown to play an important role in modulating T cell activity, potentially unlocking the immune system to attack cancer cells. Due to complex biology, VISTA has not been adequately drugged to date. We believe HMBD-002 is the first Fc-independent anti-VISTA antibody designed to bind a computationally predicted functional epitope distinct from the epitopes of other known anti-VISTA antibodies in development. In the Company’s preclinical studies, HMBD-002 demonstrated potent anti-tumor activity both as monotherapy and in combination with pembrolizumab, in multiple syngeneic and humanized mouse models of cancers. HMBD-002 is being developed for various VISTA-expressing cancers, both as a monotherapy and in combination with pembrolizumab. The development of HMBD-002 is supported in part by a grant from the Cancer Prevention and Research Institute of Texas (CPRIT, DP190027).

AI-driven Congruence Therapeutics gets $50M to stabilize misfolded proteins

On February 08, 2022 Congruence Therapeutics reported the company is using computational tools to discover and develop drugs that stabilize problem proteins and it’s now out of stealth with $50 million in funding (Press release, Congruence Therapeutics, FEB 8, 2022, View Source [SID1234648822]).

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The Series A round of funding announced Tuesday was led by Amplitude Ventures and Fonds de solidarité FTQ.

Montreal-based Congruence uses mathematical modeling, physics, and machine learning to characterize the defects of misfolded proteins. The company’s platform technology, called Revenir, designs small molecules that can rescue these mutated proteins—research that is all done on computers. The biotech contends its approach can discover and design novel small molecule stabilizers faster and at scale compared to traditional drug discovery methods.

Congruence was founded last year by CEO Clarissa Desjardins, who was the founder and former chief executive of Montreal-based Clementia Pharmaceuticals. In 2019, Ipsen acquired Clementia and its lead program, a drug for a rare bone disease. Congruence has not disclosed the therapeutic areas it aims to address, other than to say it is pursuing indications with high unmet medical need. Concurrent with that research, Congruence said it is also building a database housing the biophysical properties of mutated proteins, which can be used to develop stabilizes for diseases caused by proteins that are outside of the company’s focus.

"Our industry faces a watershed moment where the application of novel computational tools, including machine learning, is poised to disrupt traditional drug discovery," Desjardins said in a prepared statement."

Congruence said it will use the new funding to build up its drug hunting team. In addition to the financing, Congruent announced that Kenneth Valenzano has been appointed chief scientific officer. Valenzano was most recently senior vice president of drug discovery at Amicus Therapeutics, a rare disease drug developer whose first commercialized product, Galafold, is a small molecule designed to stabilize a key enzyme as a way of treating Fabry disease, an inherited metabolic disorder. At Amicus, Valenzano was involved in the discovery and development of Galafold and other small molecules.

Other disclosed investors participating in the funding round include Lumira Ventures, Investissement Quebec, OrbiMed Advisors, Driehaus Capital Management.

Sanofi completes acquisition of Amunix

On February 8, 2022 Sanofi reported the completion of its acquisition of Amunix Pharmaceuticals, Inc, adding a promising pipeline of T-cell engagers and cytokine therapies (Press release, Sanofi, FEB 8, 2022, View Source [SID1234607837]). The acquisition also provides access to Amunix Pro-XTEN, XPAT, and XPAC technology to deliver next generation Conditionally Activated Biologics. The technology platform is highly complementary to Sanofi’s existing R&D platforms and supports Sanofi’s efforts to accelerate and expand its contributions to innovative medicines for oncology patients, with approximately 20 molecules currently in development.

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Weil, Gotshal & Manges LLP is acting as Sanofi’s legal counsel. Centerview Partners LLC is acting as financial advisor to Amunix and Fenwick & West LLP is acting as its legal counsel.