Merck to Hold Fourth-Quarter and Full-Year 2021 Sales and Earnings Conference Call on February 3

On January 7, 2022 Merck (NYSE: MRK), known as MSD outside the United States and Canada, reported that it will hold its fourth-quarter and full-year 2021 sales and earnings conference call with institutional investors and analysts at 8:00 a.m. EST on Thursday, Feb. 3 (Press release, Merck & Co, JAN 7, 2022, View Source [SID1234598410]). During the call, company executives will provide an overview of Merck’s performance for the quarter and outlook.

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Investors, journalists and the general public may access a live audio webcast of the call on Merck’s website at View Source A replay of the webcast, along with the sales and earnings news release and supplemental financial disclosures and slides highlighting the results, will be available at www.merck.com.

Institutional investors and analysts can participate in the call by dialing (833) 353-0277 or (469) 886-1947 and using ID code number 1774118. Members of the media are invited to monitor the call by dialing (833) 353-0277 or (469) 886-1947 and using ID code number 1774118. Journalists who wish to ask questions are requested to contact a member of Merck’s Media Relations team at the conclusion of the call.

Forma Therapeutics to Present at 40th Annual J.P. Morgan Healthcare Conference

On January 7, 2022 Forma Therapeutics Holdings, Inc. (Nasdaq: FMTX), a clinical-stage biopharmaceutical company focused on sickle cell disease, prostate cancer and other rare hematologic diseases and cancers, reported that it will present at the 40th Annual J.P. Morgan Healthcare Conference on Jan. 13, 2022 at 7:30 a.m. Eastern Standard Time (EST) (Press release, Forma Therapeutics, JAN 7, 2022, View Source [SID1234598425]).

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A webcast of the conference presentation will be available in the "News & Investors" section of Forma’s website at www.FormaTherapeutics.com.

ImaginAb announces major expansion of pipeline as it extends into Radiopharmaceutical Therapies (RPT) to address unmet needs in oncology

On January 7, 2022 ImaginAb, Inc., a market leading global biotechnology company focused on developing next generation ImmunoPET imaging agents and therapeutic radiopharmaceuticals and with a history of taking agents into clinical trials, reported an expansion of its development pipeline with six active programs focused on Radiopharmaceutical Therapies (RPT), targeting a number of cancer indications (Press release, ImaginAb, JAN 7, 2022, View Source [SID1234621841]).

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These programs are currently moving through lead selection and IND-enabling studies with a view to the most promising candidates entering clinical trials during 2023.

The RPT pipeline uses ImaginAb’s core biological technology platform which utilizes antibody fragment technologies to deliver high tumor specificity and uptake, whilst providing faster blood clearance to reduce off-target toxicities and irradiation.

This technology allows agents to be tuned "just right" to provide the optimal radiopharmaceutical characteristics, a term which ImaginAb refers to as the "Goldilocks Criteria".

These advantages bring the potential to treat more cancer patients with RPT thereby increasing the potential for radiopharmaceuticals to provide greater impact in treating a range of cancer types.

Ian Wilson, CEO stated
"RPT is gaining significant clinical and commercial interest. However, many of the agents have, to date, focused on small molecules, peptides, or intact antibodies. We believe antibody fragments based on ImaginAb IP protected platform offer greater potential in providing next generation RPT agents, by increasing delivery to tumors and reducing off target toxicity.

Our plan is to focus our R&D team on our RPT programs, expanding our pipeline, and taking candidate RPT agents through IND-enabling studies during 2022 with a view to commencing clinical studies during 2023".

To make this happen, ImaginAb has established dedicated and experienced in-house Discovery, Clinical, and Operations Teams, enabling the business to undertake lead discovery including efficacy screening, radiochemistry optimization, and multicentre clinical trials with therapeutic radiopharmaceuticals.

Wilson continued "Our developing RPT pipeline will extend our product portfolio, and add significant value to our business as we continue to move forward to achieve our vision of helping patients live better and healthier lives"

Nuvalent Announces First Patient Dosed in ARROS-1 Phase 1/2 Clinical Trial of NVL-520, its Novel ROS1-selective Inhibitor

On January 7, 2022 Nuvalent, Inc. (Nasdaq: NUVL), a biotechnology company creating precisely targeted therapies for clinically proven kinase targets in cancer, reported that the first patient has been dosed in ARROS-1, its Phase 1/2 clinical trial evaluating NVL-520 in patients with advanced ROS1-positive non-small cell lung cancer (NSCLC) and other advanced solid tumors (Press release, Nuvalent, JAN 7, 2022, https://www.nuvalent.com/nuvalent-announces-first-patient-dosed-in-arros-1-phase-1-2-clinical-trial-of-nvl-520-its-novel-ros1-selective-inhibitor/ [SID1234598395]). NVL-520, Nuvalent’s lead product candidate, is a novel ROS1-selective inhibitor designed to address the clinical challenges of emergent treatment resistance, CNS adverse events, and brain metastases that may limit the use of currently available ROS1 kinase inhibitors.

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"The initiation of patient dosing with NVL-520 in ARROS-1 is a significant milestone for Nuvalent as we transition from a preclinical to clinical stage company," said Christopher Turner, M.D., Chief Medical Officer of Nuvalent. "We designed NVL-520 with the goal of fulfilling a specific target product profile developed in collaboration with leading physician-scientists who are actively treating patients with ROS1-driven cancers today. We are encouraged by the preclinical data generated to date, which provide evidence that NVL-520 represents a differentiated ROS1-selective inhibitor with the potential to overcome the limitations of current tyrosine kinase inhibitor therapies and provide a new therapeutic option for patients in need."

ARROS-1 is a Phase 1/2, multicenter, open-label, dose-escalation and expansion trial evaluating NVL-520 as an oral monotherapy. The Phase 1 dose-escalation portion of the study is open and enrolling patients with advanced ROS1-positive solid tumors who have been previously treated with at least one prior ROS1 tyrosine kinase inhibitor (TKI) therapy, and will evaluate the overall safety and tolerability of NVL-520 as well as determine the recommended Phase 2 dose (RP2D), characterize the pharmacokinetic profile, and evaluate preliminary anti-tumor activity.

Once a safe and tolerable dose is determined as the RP2D, the trial is designed to transition directly into the Phase 2 multiple cohort expansion portion, which will evaluate the overall activity of NVL-520 in patients with advanced ROS1-positive NSCLC and other advanced solid tumors. The Phase 2 portion will examine several cohorts of patients based on the number and type of prior anti-cancer therapies they have received. The Phase 2 cohorts are designed to support potential registration in ROS1-positive patients with NSCLC who are kinase inhibitor-naïve and in those who have been previously treated with ROS1 kinase inhibitors.

"Nuvalent thoughtfully designed the ARROS-1 trial to support the goal of seamless acceleration from first-in-human dose-exploration of NVL-520 into Phase 2 cohorts that are structured to evaluate multiple opportunities for potential registration," said Darlene Noci, A.L.M., Senior Vice President of Product Development & Regulatory Affairs for Nuvalent. "Through parallel evaluation of NVL-520 in TKI-naïve and clearly defined cohorts of pre-treated patients, we aim to generate data to comprehensively evaluate NVL-520 throughout the treatment paradigm for ROS1-driven cancers."

In addition to NVL-520, Nuvalent is advancing a robust pipeline including the development of NVL-655 as a parallel lead program for the potential treatment of patients with ALK-positive NSCLC, along with multiple discovery-stage research programs.

"Our focus in 2022 is on establishing Nuvalent as an operationally efficient, clinical-stage biotech company with an active in-house R&D pipeline. We are on track for the planned IND submission for NVL-655 which we expect to enable the opening of our second Phase 1/2 clinical trial for enrollment in the first half of the year, and continue to plan for portfolio expansion with multiple internally discovered novel drug candidates," said James Porter, Ph.D., Chief Executive Officer at Nuvalent. "Through the prioritization of a pipeline of novel small molecules designed to overcome the dual challenges of kinase resistance and selectivity, we aim to deliver new medicines that may not only provide additional therapeutic options, but have the potential to advance earlier in the treatment paradigm and become best-in-class treatments for patients with cancer."

Nuvalent ended 2021 with $288.4 million in cash, cash equivalents and marketable securities (unaudited), which, based on its current operating plans, is expected to fund its operations into 2024.

About NVL-520

NVL-520 is a brain-penetrant ROS1-selective inhibitor designed to remain active in tumors that have developed resistance to currently available ROS1 inhibitors, including tumors with the prevalent G2032R resistance mutation and those with the S1986Y/F, L2026M, or D2033N resistance mutations. NVL-520 has been optimized for brain penetrance to potentially improve treatment options for patients with brain metastases. NVL-520 has been observed in preclinical studies to selectively inhibit ROS1 over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients with ROS1-mutant variants. NVL-520 is currently being investigated in the ARROS-1 study, a first-in-human Phase 1/2 clinical trial for patients with advanced non-small cell lung cancer (NSCLC) and other solid tumors.

Guardant Health and Foundation Medicine Reach Settlement in Digital Sequencing Technology Litigation

On January 7, 2022 Guardant Health, Inc. (Nasdaq: GH) reported that it has reached an agreement to settle all pending litigation concerning the company’s digital sequencing technology patents with Foundation Medicine, Inc (Press release, Guardant Health, JAN 7, 2022, View Source [SID1234598411]). Pursuant to the settlement agreement, Foundation Medicine will pay Guardant Health $25 million as well as future royalties for the remaining term of the licensed digital sequencing technology patents. In turn, Guardant Health will grant Foundation Medicine a non-exclusive license to a defined subset of its digital sequencing technology patents. As a result of this settlement, all pending patent litigation between Foundation Medicine and Guardant Health will be dismissed.

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"We are pleased with the Foundation Medicine settlement agreement as it recognizes the importance of our scientific discoveries and validates the strong intellectual property rights we have built as a company," said Helmy Eltoukhy, Guardant Health Co-CEO.