ALX Oncology Announces First Patient Dosed in ASPEN-06, a Phase 2/3 Study of Evorpacept for the Treatment of Patients with Advanced Gastric or Gastroesophageal Junction Cancer

On March 2, 2022 ALX Oncology Holdings Inc., ("ALX Oncology" or the "Company"), a clinical-stage immuno-oncology company developing therapies to block the CD47 checkpoint mechanism, reported the first patient has been dosed in the Phase 2/3 ASPEN-06 study evaluating the combination of evorpacept, a next generation CD47 blocker, and CYRAMZA (ramucirumab), Eli Lilly and Company’s anti-VEGFR2 antibody, added to trastuzumab and paclitaxel for the treatment of patients with HER2-positive gastric cancer or gastroesophageal junction ("GEJ") cancer (Press release, ALX Oncology, MAR 2, 2022, View Source [SID1234609421]).

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ASPEN-06 (NCT05002127) is a randomized phase 2 (open-label) / phase 3 (double-blind), international, multi-center study to evaluate the efficacy of evorpacept in combination with ramucirumab, trastuzumab, and paclitaxel for the treatment of patients whose tumors have progressed following treatment with HER2-targeted therapy and chemotherapy. Approximately 450 adult patients will be enrolled in the study across both phases.

This study follows the ongoing ASPEN-01 Phase 1b trial in patients with HER2-positive gastric/GEJ cancer who have progressed following treatment with HER2-targeted therapy and chemotherapy (NCT03013218). As presented at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper)’s 36th Annual Meeting in 2021, evorpacept used in combination with ramucirumab, trastuzumab, and paclitaxel demonstrated an initial confirmed objective response rate of 72.2% with a median duration of response of 14.8 months, a 12-month overall survival rate of 79%, and a median overall survival of 17.1 months in patients who historically have low response rates and poor outcomes in this clinical setting [SITC 2021 poster].

"Patients with HER2-positive gastric/GEJ cancer are in need of tolerable and effective treatments, particularly in the 2nd line and later settings where resistance to HER2-directed therapy may have developed," said Keun-Wook Lee, M.D., Ph.D., Professor of Seoul National University College of Medicine and Director of Clinical Trials Center, Seoul National University Bundang Hospital, Seoul, Korea. "Evorpacept’s favorable tolerability coupled with its novel approach of enhancing antibody dependent cellular phagocytosis engages the individual’s own innate anti-cancer immune response distinguishing it from other HER2-targeted approaches."

"We are greatly encouraged by the exciting data that continue to emerge from ASPEN-01 and are pleased to announce the first patient dosed in ASPEN-06," said Sophia Randolph, M.D., Ph.D., Chief Medical Officer, ALX Oncology. "This milestone is an important step towards establishing evorpacept as a unique CD47 blocker that may be used in combination with other anti-cancer drugs for difficult-to-treat solid tumors, such as gastric/GEJ cancer, where more treatment options are desperately needed to improve disease outcomes."

About Gastric Cancer and Gastroesophageal Junction Cancer

Gastric cancer begins in the cells lining the inner wall of the stomach and spreads through the outer layers and eventually the body as it grows. It is estimated that there will be over 26,000 newly diagnosed cases of gastric/GEJ cancer at all stages in the U.S. in 2021, and approximately 17 percent of all gastric/GEJ cancer patients have HER2-positive disease. The five-year survival rate is only 5.5 percent for those patients diagnosed with metastatic disease. Gastric/GEJ cancer is even much more common in East Asian countries, with incidence rates 4 to 10 times higher than in the U.S.

Mirati Therapeutics to Participate in the 42nd Annual Cowen Healthcare Conference

On March 2, 2022 Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical-stage targeted oncology company, reported that it will take part in a fireside chat at the 42nd Annual Cowen Healthcare Conference, which will be webcast on March 9 at 10:30 a.m. P.T. / 1:30 p.m. E.T. David Meek, chief executive officer, will represent the company (Press release, Mirati, MAR 2, 2022, View Source [SID1234609481]).

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Investors and the general public are invited to listen to a live webcast of the session through the "Investors and Media" section on Mirati.com. A replay of the webcast will be made available following the event.

Shattuck Labs Announces Participation in Upcoming March Conferences

On March 2, 2022 Shattuck Labs, Inc. (Shattuck) (NASDAQ: STTK), a clinical-stage biotechnology company pioneering the development of bi-functional fusion proteins as a new class of biologic medicine for the treatment of patients with cancer and autoimmune disease, reported that company management will participate in two virtual investor conferences in March 2022 (Press release, Shattuck Labs, MAR 2, 2022, View Source [SID1234609351]).

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Presentation Details

Conference: 42nd Annual Cowen Healthcare Conference
Format: Ovarian Cancer Panel Discussion
Presenter: Lini Pandite, MBChB, M.B.A., Shattuck’s Chief Medical Officer
Date: March 9, 2022
Time: 12:50 p.m. ET

Conference: Oppenheimer’s 32nd Annual Healthcare Conference
Format: Corporate Presentation
Presenter: Conor Richardson, Shattuck’s Senior Director of Finance and Investor Relations
Date: March 15, 2022
Time: 3:20 p.m. ET

A live webcast of both presentations will be available on the Events & Presentations section of the Company’s website. A replay of the webcasts will be archived for up to 90 days following the presentation date.

AMGEN ANNOUNCES 2022 SECOND QUARTER DIVIDEND

On March 2, 2022 Amgen (NASDAQ:AMGN) reported that its Board of Directors declared a $1.94 per share dividend for the second quarter of 2022 (Press release, Amgen, MAR 2, 2022, View Source [SID1234609370]). The dividend will be paid on June 8, 2022, to all stockholders of record as of the close of business on May 17, 2022.

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Genomic Testing Cooperative and their Cooperative Member Laboratories Expand Hematology Panels to Cover VEXAS Disease and a New Prognostic Biomarker in Myeloproliferative Neoplasms

On March 2, 2022 Genomic Testing Cooperative, LCA (GTC) reported that their hematology molecular profiling is expanded to cover analysis of the UBA1 and NFE2 genes (Press release, Genomic Testing Cooperative, MAR 2, 2022, View Source [SID1234609386]). Both genes were recently reported to be clinically important for the diagnosis and treatment of patients with hematologic neoplasms .

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Recently described VEXAS (vacuoles, E1 enzyme, X-linked, autoinflammatory, somatic) is caused by mutations in the UBA1 gene. This is an adults-onset fatal disease that may present as myelodysplastic syndrome, aplastic anemia or multiple myeloma, but characterized by fevers, low white cell count, vacuoles in bone marrow cells, dysplastic bone marrow, pulmonary inflammation, chondritis, and vasculitis. Detecting the presence of mutations in the UAB1 gene is the only way for confirming the diagnosis of this disease.

The NFE2 gene is mutated in approximately 8-9% of patients with typical myeloproliferative neoplasms (MPN) and in 3% of triple negative myeloproliferative neoplasms as well as in isolated granulocytic sarcoma, some patients with myelodysplastic syndrome, and acute myeloid leukemia. Most importantly, the presence of mutations in the NFE2 gene in MPN is associated with transformation into acute myeloid leukemia and poor survival.

Testing for these two genes will be included when all hematology profiling tests are ordered from GTC laboratories as well as from the Co-Op member laboratories. These genes are now included in the three hematology tests: Hematology Profile (DNA only), Hematology Profile Plus (DNA+RNA) and Liquid Biopsy Hematology Profile.

Maher Albitar, MD, Founder, Chief Executive Officer and Chief Medical Officer, GTC, stated, "Genomic medicine is advancing at rapid pace and keeping up with these advances requires diagnostics to be agile and responsive." Dr. Albitar added "This is an example of how the cooperative business model works. Clinical needs were communicated by members of the Co-Op. GTC developed the technology around implementing the changes to the current panels. This is followed by the exchange of information and samples for rigorous cross-validation and implementation of changes to panels in member laboratories in a seamless and cost-effective fashion".

The prevalence of VEXAS in the general population is unknown, but it is expected to be high in individuals with chronic inflammatory diseases. Most of the patients currently diagnosed with VEXAS have had numerous tests and tried multiple treatments. VEXAS should be considered in patients with systemic autoinflammatory disorders as well as patients with clinical presentation of myelodysplastic syndrome and chronic myelomonocytic leukemia. The annual incidence rate of MPN is 2.34 per 100,000.

References

1.David B. Beck, M.D., et al. Somatic Mutations in UBA1 and Severe Adult-Onset Autoinflammatory DiseaseN Engl J Med 2020; 383:2628-2638, DOI: 10.1056/NEJMoa2026834

2.James A. Poulter, et al. Novel somatic mutations in UBA1 as a cause of VEXAS syndrome. Blood (2021) 137 (26): 3676–3681.

3.Marcela A. Ferrada, et al. Somatic Mutations in UBA1 Define a Distinct Subset of Relapsing Polychondritis Patients With VEXAS, Arithritis & Rheumatology, doi.org/10.1002/art.41743.

4.Clémence Marcault, et al. Impact of NFE2 mutations on AML transformation and overall survival in patients with myeloproliferative neoplasms. Blood (2021) 138 (21): 2142–2148.

5. Jonas Samuel Jutzi,et al. Altered NFE2 activity predisposes to leukemic transformation and myelosarcoma with AML-specific aberrations. Blood (2019) 133 (16): 1766–1777.