Entry into a Material Definitive Agreement

On December 15, 2021, Syndax Pharmaceuticals, Inc. (the "Company") reported that entered into an underwriting agreement (the "Underwriting Agreement") with Goldman Sachs & Co. LLC and Cowen and Company LLC (the "Representatives"), as representatives of the several underwriters (collectively, the "Underwriters"), relating to the issuance and sale of (i) 3,157,144 shares of the Company’s common stock, par value $0.0001 per share (the "Common Stock"), at a price to the public of $17.50 per share, and (ii) pre-funded warrants of the Company to purchase 1,142,856 shares of Common Stock at an exercise price equal to $0.0001 per share (the "Pre-Funded Warrants"), at a price to the public of $17.4999 per share of Common Stock underlying the Pre-Funded Warrants (equal to the public offering price per share of Common Stock, minus the exercise price of each Pre-Funded Warrant) (the "Offering") (Filing, 8-K, Syndax, DEC 15, 2021, View Source [SID1234597376]). In addition, the Company has granted to the Underwriters an option to purchase up to an additional 645,000 shares of Common Stock. The gross proceeds to the Company from the Offering are expected to be approximately $75.3 million (or approximately $86.5 million if the Underwriters exercise their option to purchase additional shares in full).

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The Pre-Funded Warrants are exercisable at any time, provided that each Pre-Funded Warrant holder will be prohibited from exercising such Pre-Funded Warrants into shares of Common Stock if, as a result of such exercise, the holder, together with its affiliates, would own more than 9.99% of the total number of shares of Common Stock then-issued and outstanding, which percentage may change at the holders’ election provided that such limitation cannot exceed 19.99%, and provided that any increase in the beneficial ownership limitation shall not be effective until 61 days after such notice is delivered.

The Offering is being made pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-254661), which became effective upon filing with the Securities and Exchange Commission on March 24, 2021, a base prospectus dated March 24, 2021 and the related prospectus supplement dated December 15, 2021. The Offering is expected to close on or about December 20, 2021, subject to satisfaction of customary closing conditions.

The Underwriting Agreement contains customary representations, warranties, covenants and agreements by the Company, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties, covenants and agreements contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties. All of the Company’s directors and executive officers and certain stockholders have agreed, subject to certain exceptions, not to sell or transfer any shares of Common Stock for 90 days, and the Company has agreed not to sell or transfer any shares of the Common Stock for 90 days, in each case, after December 15, 2021, without first obtaining the written consent of the Representatives.

The foregoing description of the terms of each of the Underwriting Agreement and Pre-Funded Warrants does not purport to be complete and is each qualified in its entirety by reference to the Underwriting Agreement and Form of Pre-Funded Warrant, respectively, which are attached as Exhibit 1.1 and Exhibit 4.1 hereto, respectively, and incorporated by reference herein.

Aucentra Receives Seed-Start Grant

On December 14, 2021 Aucentra reported that it is excited to be awarded a seed-start grant of $700k by the South Australian government’s research and innovation fund (Press release, Aucentra, DEC 14, 2021, View Source [SID1234606756]). This funding will be used to test Aucentra’s leading drug candidate Auceliciclib.

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Auceliciclib, if successful in its clinical trials, will be a game-changing treatment of glioblastoma multiforme, which is the most aggressive type of brain cancer and the most difficult to treat.

The Minister for Innovation and Skills David Pisoni recognised Aucentra’s ground-breaking achievements; "I am incredibly proud of Professor Wang and her team at the University of South Australia for the amazing work they have accomplished".

Auceliciclib is a CDK4 and 6 inhibitor with a high specificity which allows for prevention of cancer cell growth and proliferation with fewer side effects. Read the full article here: View Source

Ascendis Pharma A/S Virtual R&D Program Update Highlights Continued Development Across R&D Pipeline

On December 14, 2021 Ascendis Pharma A/S (Nasdaq: ASND) reported to provide an update on two of its investigational endocrinology rare disease development programs, TransCon PTH for hypoparathyroidism, and TransCon CNP for achondroplasia, and on one of its investigational oncology product candidates, TransCon TLR7/8 Agonist at the Company’s virtual R&D Program Update (Press release, Ascendis Pharma, DEC 14, 2021, View Source [SID1234597057]).

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"Today marks an important milestone for Vision 3×3, our strategic roadmap for achieving sustainable growth and building a leading global biopharma company. In addition to providing updates on our Endocrinology Rare Disease pipeline, we are also presenting the first early-stage clinical data from our second therapeutic area, Oncology," said Jan Mikkelsen, Ascendis Pharma’s President and Chief Executive Officer. "I am very encouraged that TransCon TLR7/8 Agonist is so far performing as designed, demonstrating early signs of anti-tumor activity with a well-tolerated safety profile as monotherapy or in combination with pembrolizumab."

Ascendis’ management outlined continued clinical advancement on each of the three rare disease development programs. Highlights include:

Update from ongoing TransCon PTH development program:
Reviewed clinical data from ongoing Phase 2 PaTH Forward Trial
Topline results from the Phase 3 PaTHway Trial expected in Q1 2022
Planned NDA submission in Q3 2022 for the treatment of adults with hypoparathyroidism
Topline results from the PaTHway Japan Trial expected in Q3 2022
Planned MAA submission in Q4 2022 for the treatment of adults with hypoparathyroidism
Initiation of the pediatric hypoparathyroidism program planned for Q4 2022

Update from ongoing TransCon CNP development program:

Interim Phase 2 ACcomplisH Trial Update
ACcomplisH enrollment complete (N=57)
Preliminary PK data demonstrated that TransCon CNP provided continuous and dose-dependent exposure with a half-life of ~110 hours mirroring Phase 1 data
Well tolerated in children with achondroplasia with up to 65 weeks follow-up, with mean orthostatic vital signs unchanged
Interim blinded data from the ACcomplisH Trial informed dose selection of 50 and 100 µg/kg/week for the ACcomplisH China Trial
ACcomplisH Infants Trial (0-2 years of age) IND or equivalent submission planned for Q2 2022
ACcomplisH Trial topline unblinded data anticipated in Q4 2022
Interim update from ongoing TransCon TLR7/8 Agonist first-in-human trial (transcendIT-101):
Early signs of clinical activity in three out of three efficacy-evaluable cancer patients treated with TransCon TLR7/8 Agonist as monotherapy or in combination with pembrolizumab
PK data indicate sustained release of active drug with a half-life of ~7 days and low systemic exposure providing a wide safety margin
Consistent and robust immune activation in tumor tissue was observed for at least 7 days post dose
In the safety-evaluable population observed to date (n=8), TransCon TLR7/8 Agonist was well-tolerated with no dose-limiting toxicities or drug-related systemic side effects; the only related adverse events reported were transient, mild injection site-related reactions (Grade 1/2)
transcendIT-101 dose expansion expected to start enrollment in Q2 2022
Virtual R&D Program Update Conference Call & Webcast information

Date Tuesday, December 14, 2021
Time 9:00 a.m. to 11:30 a.m. Eastern Time
Dial In (U.S.) 877-870-9135
Dial In (International) 646-741-3167
Access Code 2169055
A live webcast of the event will be available on the Investors & News section of the Ascendis Pharma website at View Source A webcast replay will be available on the site shortly after conclusion of the event and will stay available for 30 days.

Cellworks Personalized Biosimulation Study Identifies Novel MDS Biomarkers and Immune Modulation Predictive of Therapy Response

On December 14, 2021 Cellworks Group, Inc., a world leader in Personalized Medicine in the key therapeutic areas of Oncology and Immunology, reported the results from two clinical studies using the Cellworks Biosimulation Platform and Computational Omics Biology Model (CBM) to predict therapy response for individual MDS patients were featured in two poster presentations at the 63rd American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition held December 11-14, 2021 in Atlanta, Georgia (Press release, Cellworks, DEC 14, 2021, View Source [SID1234597117]). The complete results from these clinical studies are available online in the ASH (Free ASH Whitepaper) Meeting Library as Abstract 2615 and Abstract 3690.

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In the ASH (Free ASH Whitepaper) Abstract 2615 study, the Cellworks Biosimulation Platform and CBM identified genomic and molecular markers for decitabine (DAC) plus valproic-acid (VPA) treatment response in patients with Myelodysplastic Syndromes (MDS). In the ASH (Free ASH Whitepaper) Abstract 3690 study, the Cellworks Biosimulation Platform and CBM identified immune modulation as a key pathway for predicting azacitidine (AZA) response in MDS.

"There is a need for a predictive clinical approach that can stratify MDS patients according to their chance of a favorable outcome from current therapies, while also identifying and predicting their responses to new and emerging treatment options," said Dr. Michael Castro, MD, Chief Medical Officer at Cellworks. "Ideally, patients predicted to be non-responders could be offered to participate in a clinical trial for a new therapy or combination treatment where they were predicted to have a higher likelihood of response based on their genetic biomarkers. By using Cellworks MDS biomarker identifications and therapy response predictions in advance of participation in a clinical trial, pharmaceutical companies can increase the success rate of trials and accelerate the approval timeframe for new treatments."

The Cellworks Biosimulation Platform simulates how a patient’s personalized genomic disease model will respond to therapies prior to treatment and identifies novel drug combinations for treatment-refractory patients. The platform is powered by the groundbreaking Cellworks Computational Omics Biology Model (CBM), a network of 4,000+ human genes, 30,000+ molecular species and 100+ signaling pathways. By reliably predicting an individual patient’s therapy response prior to receiving the treatment, the Cellworks Platform can guide selection of the optimal treatment, help patients avoid ineffective therapies and improve patient outcomes.

Clinical Study: ASH (Free ASH Whitepaper) Abstract 2615

Biosimulation using the Cellworks Computational Omics Biology Model (CBM) identifies genomic and molecular markers for decitabine (DAC) plus valproic-acid (VPA) treatment response in patients with Myelodysplastic Syndromes (MDS).

Background

DNA methyltransferase inhibition (DNMTi) with hypomethylating agents (HMA), azacitidine (AZA) or decitabine (DAC), remains the mainstay of therapy for most high-risk MDS patients. However, only 40-50% of MDS patients achieve clinical improvement with DNMTi. This study explored the molecular basis of observed clinical response in a group of patients treated with DAC and valproic-acid (VPA). Biosimulations were conducted on each patient-specific disease model to measure the effect of DAC + VPA according to a cell growth score.

Results

In the biosimulation, VPA is a relatively weak HDAC inhibitor, but it also inhibits GSK3B and in turn increases beta-catenin (CTNNB1) levels. Additionally, monosomy 7 associated with loss of CAV1, HIPK2 and TRRAP also caused high CTNNB1, thereby further contributing to drug resistance. Biosimulation correctly identified that 7 of 8 patients with these genomic findings were clinical non-responders to VPA, indicating that CTNNB1 status is likely to predict treatment failure from the VPA + HMA combination in this disease. By contrast, high levels of c-MYC predict response to VPA + HMA combination.

Conclusions

Cellworks Biosimulation Platform found that signaling pathway consequences related to CTNNB1 and c-MYC modulation predict response to DAC + VPA. Although HMA plus HDAC inhibition can be generally beneficial for MDS, variable mechanisms of action among various HDAC inhibitors and unique patient disease characteristics should be considered for optimal treatment selection. Also, CTNNB1 emerged from the Cellworks biosimulations as a therapeutically relevant target in MDS that determines whether VPA synergizes or antagonizes the effect of other agents in this challenging subtype of MDS.

Clinical Study: ASH (Free ASH Whitepaper) Abstract 3690

Biosimulation using the Cellworks Computational Omics Biology Model (CBM) identifies immune modulation as a key pathway for predicting azacitidine (AZA) response in MDS.

Background

Only 40-50% of MDS patients achieve clinical improvement with DNMTi, the mainstay of therapy for the majority of high-risk MDS patients. Recently, a discovery of immune modulation by HMA has emerged. Although the PD-L1/PD1 blockade plus HMA has been recognized as a beneficial combination, there are no established markers to guide decision-making. This study analyzed the utility of immunomic profiling of chromosome 9 copy number status as a significant mechanism of immune evasion and HMA resistance.

Results

Although AZA treatment increased tumor associated antigens and interferon signaling, it also increased PD-L1 expression to inactivate cytotoxic CD8(+) T cells. Copy number alternations of the chromosome 9p region were found to significantly drive PD-L1 expression with multiple genes such as CD274, IFNA1, JAK2, PDCD1LG and KDM4C playing a role in PD-L1 regulation further increasing immune suppression.

Conclusion

Based on the results from the Cellworks Biosimulation Platform and Computational Biology Model (CBM), copy number variants of chromosome 9p and 16 can be used as biomarkers for selecting patients that may achieve high clinical benefit from addition of immune checkpoint inhibitors to HMA regimen.

Ascentage Pharma Releases Long-Term Clinical Data of Olverembatinib (HQP1351) in Oral Presentation Demonstrating Efficacy and Safety

On December 14, 2021 Ascentage Pharma (6855.HK), a global biopharmaceutical company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, reported that it has released the updated data from three clinical studies of the company’s novel drug candidate, olverembatinib, at the 63rd American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting (Press release, Ascentage Pharma, DEC 14, 2021, View Source;ascentage-pharma-releases-long-term-clinical-data-of-olverembatinib-hqp1351-in-oral-presentation-demonstrating-efficacy-and-safety-301444263.html [SID1234597155]). Prof. Qian Jiang, MD, and Prof. Xiaojun Huang, MD, from the Hematology Department of Peking University People’s Hospital are the principal investigators of these studies, of which one study was reported by Prof. Jiang in an oral presentation. This is the fourth consecutive year in which studies of olverembatinib were selected for oral presentation by the ASH (Free ASH Whitepaper) Annual Meeting, demonstrating strong recognition of the drug candidate’s promising efficacy and safety by the international hematology community.

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Olverembatinib is a novel drug developed by Ascentage Pharma and recently received approval in November 2021 in China for the treatment of adult patients with tyrosine kinase inhibitor (TKI)-resistant chronic phase chronic myeloid leukemia (CML-CP) or accelerated-phase CML (CML-AP) harboring the T315I mutation, thus making olverembatinib the first China-approved third-generation BCR-ABL inhibitor targeting drug-resistant CML.

The ASH (Free ASH Whitepaper) Annual Meeting is one of the largest gatherings of the international hematology field, bringing together the latest and most cutting-edge research and other scientific and clinical developments in hematology. This year, abstracts from six studies of the company’s drug candidates (olverembatinib, lisaftoclax [APG-2575], and pelcitoclax [APG-1252]) were selected for presentations at the ASH (Free ASH Whitepaper) Annual Meeting (information on those abstracts about lisaftoclax and pelcitoclax are available in a separate press release published in parallel).

Prof. Qian Jiang commented: "This year, we reported the long-term follow-up data (with a median duration of follow-up of 39 months) that further validated olverembatinib’s promising tolerability and potent and durable efficacy, signifying the drug’s best-in-class potential. In addition, we reported compelling data from the CC201 and CC202 study in patients with drug-resistant CML harboring the T315I mutation. These two studies have provided clinical evidence that enabled the marketing authorization for olverembatinib that brought about a clinical breakthrough for patients with drug-resistant CML harboring the T315I mutation in China. We hope this novel therapy will soon benefit more patients in need."

"We are very excited about the approval of olverembatinib in China, announced just prior to this year’s ASH (Free ASH Whitepaper) Annual Meeting. This year marks the fourth year in which the clinical progress of this drug candidate was selected for oral presentation at the ASH (Free ASH Whitepaper) Annual Meeting, a strong indication of the international hematology community’s recognition of olverembatinib’s therapeutic potential," said Dr. Yifan Zhai, Chief Medical Officer of Ascentage Pharma. "It is worth pointing out that this year, we announced olverembatinib’s five-year data from 2016 and 2021 which demonstrated efficacy and safety. As China’s first and the world’s second third-generation BCR-ABL inhibitor, olverembatinib offers a novel therapy with clear efficacy and improved safety to patients with CML. We hope olverembatinib will soon be made available outside China to patients with drug-resistant CML around the world."

These abstracts on olverembatinib presented at the 2021 ASH (Free ASH Whitepaper) Annual Meeting are as follows:

Updated Safety and Efficacy Results of Phase 1 Study of Olverembatinib (HQP1351), a Novel Third-Generation BCR-ABL Tyrosine Kinase Inhibitor (TKI), in Patients with TKI-Resistant Chronic Myeloid Leukemia (CML)

Format: Oral Presentation
Abstract: 311
Session: 632. Chronic Myeloid Leukemia: Clinical and Epidemiological: Mechanisms of resistance and expanded therapies
Highlights
– This Chinese, open-label, multicenter, Phase I trial evaluated the safety and efficacy of olverembatinib in adults with CML-CP or CML-AP. Eligible patients had CML-CP or CML-AP resistant or intolerant to first- and second-generation TKIs. Olverembatinib was orally administered once every other day (QOD) in 28-day cycles and at 11 dose cohorts ranging from 1 to 60 mg. This study reports data on patients with long-term follow-up.
– From October 26, 2016, through September 27, 2021 (data cutoff), 101 patients with CML-CP (n=86) or CML-AP (n=15) were enrolled and treated with olverembatinib. 71 (70.3%) of those patients were male, at a median age of 40 (20-64) years, and the median (range) interval from diagnosis to initial olverembatinib treatment was 6.0 (0.3-15.2) years. In all, 84 (83.2%) patients received ≥ 2 prior lines of TKI-therapies, and 63 (62.4%) harbored the T315I mutation. At baseline, compound mutations were detected in 11 (10.9%) patients, of whom 7 (63.6%) had the BCR-ABL1T315I genotype. A total of 20 (19.8%) patients had 2 (n=13) or ≥ 3 (n=7) mutations. The median follow-up was 39 (1.2-58.6) months. As of the data cut-off date, 77 (77%) of 101 patients continued on the treatment, 24 patients discontinued the treatment of which 9 (9%) discontinued due to disease progression, 6 (6%) due to adverse events (AEs), 4 (4%) due to investigator-confirmed treatment failure, 4 (4%) due to withdrawal, and 1 (1%) case of death.
– Of evaluable patients with CML-CP who did not show any response at baseline, 100% had complete hematologic responses (CHR), 70% had complete cytogenetic responses (CCyR), and 55% had major molecular responses (MMR).

– Among evaluable patients with CML-CP who only harbored the T315I mutation, 100% had CHR, 90% had MCyR, 84% had CCyR, 78% had MMR, 68% had MMR 4.0, and 58% had MR 4.5.
– Among evaluable patients with CML-CP harboring the T315I and compound mutations, 100% had CHR, 64% had MCyR, 55% had CCyR, 58% had MMR, and 25% each for MMR 4.0 and MR 4.5.
– Among evaluable patients with CML-CP harboring other mutations, 100% had CHR, 89% had MCyR, 67% had CCyR, 64% had MMR, 46% had MMR 4.0, and 27% had MR 4.5.
– Among evaluable patients with CML-CP who did not harbor any mutation, 100% had CHR, 64% had MCyR, 55% had CCyR, 9% had MMR, and 5% had MMR 4.0.

– Of evaluable patients with CML-AP who did not show any response at baseline, 92% had CHR, and 43% had each CCyR and MMR.

– Among evaluable patients with CML-AP who only harbored the T315I mutation, 67% had CHR, 60% had each CCyR, MMR, and MMR 4.0, and 40% had MR 4.5.
– Among evaluable patients with CML-AP who harbored the T315I and other compound mutations, 100% had CHR, 60% had each CCyR, MMR, MMR 4.0 and MR 4.5.
– Among evaluable patients with CML-AP who harbored other mutations, 100% had CHR, and none had achieved CCyR or MR.
– Among evaluable patients with CML-AP who did not harbor any mutation, 100% had CHR, and none had achieved CCyR or MR.

– As of the data cut-off date, the progression-free survival (PFS) rates in patients with CML-CP and CML-AP were 92.7% (84.5%-96.7%) and 56.3% (27.2%-77.6%), and the overall survival (OS) rates were 94.1% (86.4%) and 71.4% (40.6%-88.2%), respectively.
– Olverembatinib demonstrated favorable tolerability and durable antitumor activity in patients with CML, including those with the T315I and compound mutations. Responses were durable and unaffected by baseline BCR-ABL1 mutational status.
– Most treatment-related AEs (TRAEs) were grade 1 or 2.

– The most common nonhematologic AE (mostly grade 1 or 2) was skin hyperpigmentation (86.1%). Grade ≥ 3 nonhematologic AEs included hypertriglyceridemia (10.9%), pyrexia (6.9%), and proteinuria (5.0%).
– The most common hematologic TRAEs included thrombocytopenia (77.2), of which 51.5% were grade ≥ 3; leukopenia (23%), of which 21% were grade ≥ 3; and anemia (46%), of which 17% were grade ≥ 3.

All patients who experienced these AEs have recovered after temporary discontinuation, dose adjustments or intervention treatments.

– Conclusions: Olverembatinib was well-tolerated and exhibited durable and potent activity in patients TKI-resistant CML-CP or CML-AP.

Updated Results of Pivotal Phase 2 Trials of Olverembatinib (HQP1351) in Patients (Pts) with Tyrosine Kinase Inhibitor (TKI)-Resistant BCR-ABL1T315I-Mutated Chronic- and Accelerated-Phase Chronic Myeloid Leukemia (CML-CP and CML-AP)

Format: Poster Presentation
Abstract: 3598
Session: 632. Chronic Myeloid Leukemia: Clinical and Epidemiological: Poster III
Highlights:
– HQP1351-CC201 and HQP1351-CC202 are Chinese open, single-arm, multicenter pivotal Phase II trials evaluating the safety and efficacy of olverembatinib in adults with TKI-resistant (BCR-ABL1T315I-mutated) CML-CP and CML-CP, respectively. Olverembatinib was administered at 40 mg orally QOD for 28-day cycles.
– As of the data cutoff on September 30, 2021, HQP1351-CC201 had enrolled 41 patients with CML-CP, of whom 32 (78%) completed ≥ 12 cycles. After ≥ 12 treatment cycles in patients without responses at baseline, 100% patients experienced CHR; 81 % MCyR; 68% CCyR; and 56% MMR. As of the data cutoff date, the PFS and OS rates in patients with CML-CP were 91.9% (76.9%-97.3%) and 95% (81.5%-98.7%), respectively.
– As of the data cutoff on September 30, 2021, HQP1351-CC202 had enrolled 23 patients with CML-CP, of whom 14 (61%) had completed≥ 12 cycles. After ≥ 12 treatment cycles in patients without responses at baseline, 74% experienced major hematologic responses (MaHR); 70% CHR; 52% MCyR; 52% CCyR; and 48% MMR. As of the data cutoff date, the PFS and OS rates in patients with CML-AP were 61.8% (37.6%-78.9%) and 69.1% (45.8%-83.9%), respectively.
– In HQP1351-CC201, the most frequent grade 3-4 TRAE was thrombocytopenia (48.8%), and no treatment-related deaths occurred.
– In HQP1351-CC202, the most frequent grade 3-4 TRAE was thrombocytopenia (56.5%).
– Conclusions: Olverembatinib was efficacious and well tolerated when administered as monotherapy in patients with TKI-resistant CML-CP or CML-AP and the BCR-ABL1T315I mutation.

Trial in Progress: Phase 1b Bridging Study of the Pharmacokinetic (PK), Safety, and Efficacy of Orally Administered Olverembatinib (HQP1351) in Patients with Refractory Chronic Myeloid Leukemia (CML) and Philadelphia Chromosome-Positive Acute Lymphoblastic Leukemia (Ph+ ALL)

Format: Poster Presentation
Abstract: 2551
Session: 632. Chronic Myeloid Leukemia: Clinical and Epidemiological: Poster II
Highlights
– This open-label bridging trial in the US is evaluating the PK, efficacy, and safety of olverembatinib administered orally QOD in adults who have CML-CP, CML-AP or blast-phase CML (CML-BP) and Ph+ ALL.
– This study is currently recruiting patients, with enrolled individuals being allocated to three dose cohorts: 30, 40, or 50 mg QOD orally. Endpoints of this study include PK, antitumor activity, and safety.