Licence agreement with TRx Biosciences Limited

On October 20, 2021 Oxilio reported that it signed an exclusive global licensing agreement with TRx Biosciences Ltd, a privately held pharmaceutical development company, for its patent rights and know-how connected with the TRx platform technology (Press release, Oxilio, OCT 20, 2021, View Source [SID1234621599]). Oxilio will use this technology for the development and commercialisation of an optimised compound formulation in the field of cancer treatment.

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The TRx technology enables targeted oral drug delivery to specific organs, cells and tissues in cancer using a clinically and commercially proven approach.

Amid Amgen’s similar struggles, AstraZeneca slams the brakes on MCL-1 blood cancer drug

On October 20, 2021 AstraZeneca reported that it has paused an active phase 1 trial of AZD5991, a direct inhibitor of MCL-1, citing the need to suss out a potential safety issue (Press release, AstraZeneca, OCT 20, 2021, View Source [SID1234591820]).

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The trial suspension, noted only through ClinicalTrials.gov, came Oct. 19: "The study has been put on hold to allow further evaluation of safety related information," the brief update said. AstraZeneca did not immediately respond to a request for comment on the trial’s suspension.

The trial was assessing the drug, known as AZD5991, either alone or combined with AbbVie/Roche’s approved blood cancer medicine Venetoclax in relapsed or refractory hematologic malignancies. The drug works by targeting apoptosis, the process of programmed cell death, specifically in blood cancer.

RELATED: Amgen shares hit after analysts expose buried FDA trial halt

This class has seen safety issues before: Back in 2019, Amgen’s oral small-molecule MCL-1 inhibitor AMG 397 was hit with an FDA halt given a "safety signal for cardiac toxicity."

And that’s not all: After AMG 397 showed some potential safety issues, Amgen then voluntarily halted enrollment for another early-stage test for AMG 176, given that it too is an MCL-1 inhibitor. Enrollment was, however, then opened back up.

Back in February, work on AMG 397 was stopped, and the focus shifted to AMG 176, which is now in phase 1 for blood cancers and uses an intravenous route of administration.

Targovax ASA appoints Dr. Erik Digman Wiklund as new CEO

On October 20, 2021 Targovax ASA (OSE: TRVX), a clinical stage immuno-oncology company developing immune activators to target hard-to-treat solid tumors, reported the appointment of Dr. Erik Digman Wiklund as Chief Executive Officer (CEO) (Press release, Targovax, OCT 20, 2021, View Source [SID1234591574]). Dr. Wiklund has intimate knowledge of the company and its technology having served as Chief Business Officer (CBO) and Chief Financial Officer (CFO) of Targovax since 2017.

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Dr. Erik Digman Wiklund said: "I am very excited to be entrusted with the opportunity to lead Targovax into the next stage of development. The ONCOS-102 program has set us up with a unique, clinically validated platform system, and I believe we are in a great position to expand beyond ONCOS-102 to build a pipeline of novel, cutting edge product candidates. I am especially excited to explore the potential for utilizing ONCOS as a delivery tool for novel RNA concepts, where we intend to move into the emerging space of circular RNA that has recently attracted significant interest from both industry and investors. In parallel, we continue planning for the ONCOS-102 platform trial in anti-PD1refractory melanoma, and we are in active discussions with prospective collaboration partners who have complementary therapeutics that may act synergistically with ONCOS-102".

Targovax’s current CEO, Øystein Soug, will remain with the company following the appointment of Dr. Wiklund. Mr. Soug will act as a special advisor and also serve as interim CFO providing important strategic and management continuum for the company.

Damian Marron, Chairman of the Board, commented the transition: "Øystein Soug has effectively led the company through an important period executing the phase 1/2 development program of ONCOS-102, and we would like to place on record our profound thanks for Øystein´s leadership and contribution to Targovax. Øystein´s tenure has culminated in a strong data package for the lead asset ONCOS-102 demonstrating promising clinical efficacy and powerful immune activation in several cancer forms and treatment combinations. We believe that these data confirm the tremendous potential of ONCOS as a versatile delivery vector for targeted anti-cancer payloads, and we wish to pursue this opportunity by expanding our pipeline repertoire. With his deep scientific expertise and intimate knowledge of Targovax and our technology, Erik is the ideal CEO to capture this opportunity and lead the company into the future".

The Board of Directors of Targovax has initiated a search process for a new CFO, a position Øystein Soug will fill in the interim period. Mr. Soug was the CFO of Targovax in 2015-2016, before he was appointed CEO, and has previously held the position as CFO of Algeta ASA.

Øystein Soug commented: "It has been a privilege to lead Targovax through an exciting and rewarding period. I fully support the Board’s decision to increase the scientific focus and expand our pipeline to fully exploit the potential in the ONCOS platform, and I am delighted that Erik has accepted to take over as CEO to execute this vision. In my view, Erik, with his blend of deep scientific competence and commercial experience, is the best candidate to lead Targovax into the future."

OncoMyx Announces Presentations at IOVC 2021 on the Use of Multi-Armed Myxoma Virus as a Novel Oncolytic Immunotherapy

On October 20, 2021 OncoMyx Therapeutics, a privately-held oncolytic immunotherapy company, reported four presentations at the upcoming 2021 International Oncolytic Virus Conference (IOVC) being held November 5-7, 2021, both virtually and in Sedona, Ariz (Press release, OncoMyx Therapeutics, OCT 20, 2021, View Source [SID1234591591]). The company plans to present recent preclinical data demonstrating oncolytic activity, transgene production, immunomodulatory mechanisms of action, and efficacy of intratumoral (IT) and intravenous (IV) administration of OncoMyx’s multi-armed myxoma virotherapy for the treatment of cancer.

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OncoMyx Talk and Poster Info

Session 1: Novel Payloads and Mechanisms of Action 1 with Leslie Sharp, PhD, CSO, will happen Friday, Nov. 5th from 8:55am – 9:20am MST
Poster Presentation (Virtual) with Lina Franco, PhD, Scientist II, is available on demand Friday, Nov. 5th – Sunday, Nov. 7th
A Special Session with Steve Potts, PhD, MBA, CEO and cofounder, entitled "Benefits of a systemic-delivered, multi-armed non-human pathogen, myxoma virus, against solid and heme cancers" will take place Saturday, Nov. 6th from 8:44pm – 8:56pm MST.
A Live Q&A for the poster presentation with Dr. Franco will be held Sunday, Nov. 7th from 1:00pm – 3:30pm MST.
The poster will be available on OncoMyx’s website on November 5th.

About Oncolytic Immunotherapy and Myxoma Virus

Oncolytic viruses (OV) selectively replicate in and lyse tumor cells and provide stimulation to the immune system, representing a promising therapeutic option in development to treat cancers that do not respond well to treatment with immune checkpoint inhibitors. Myxoma virus (MYXV) is a member of the Pox family of double stranded DNA viruses. The natural host of MYXV is a subset of rabbits and hares, but MYXV is able to infect cancer cell lines of humans and other species. The genome of MYXV is relatively large and is amenable to engineering for expression of transgenic proteins, making it an excellent oncolytic virus for introduction of immunomodulatory proteins.

Menarini Group and Radius Health Announce Positive Phase 3 Topline Results from the EMERALD Trial Evaluating Elacestrant in Breast Cancer

On October 20, 2021 The Menarini Group ("Menarini") and Radius Health, Inc. ("Radius") (NASDAQ: RDUS) (collectively, the "Companies") reported positive topline results from the EMERALD study (Press release, Menarini, OCT 20, 2021, View Source [SID1234591612]).

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The study was designed to evaluate elacestrant as a monotherapy versus the standard of care (SoC) for the treatment of ER+/HER2- advanced or metastatic breast cancer (mBC). There were two primary endpoints: progression-free survival (PFS) in the overall population and PFS in patients with tumors harboring Estrogen Receptor 1 (ESR1) mutations.

EMERALD met both primary endpoints, showing statistically significant PFS in the overall population and ESR1 mutation subgroup. The safety profile of elacestrant exhibited in EMERALD was similar to that of the previous clinical trial. Given these results, Menarini and Radius plan on proceeding with regulatory submissions in both the United States and European Union in 2022. In 2018, elacestrant received fast track designation from the FDA.

"We are extremely excited as elacestrant is the first oral SERD to show positive topline results in a pivotal trial as a monotherapy vs SoC for the treatment of ER+HER2-advanced or mBC." commented Elcin Barker Ergun, Chief Executive Officer of the Menarini Group. "The results pave the way towards our working with the regulators to bring elacestrant to patients with ER+/HER2- advanced or metastatic breast cancer, which remains a huge unmet medical need. Notably, the topline results were also positive for the ESR1 mutation sub segment, an important driver of resistance to endocrine therapy in ER+/HER2- mBC patients. We intend to share the data at the San Antonio Breast Cancer Symposium in December."

Elacestrant is a selective estrogen receptor degrader (SERD). It was being investigated in the Phase 3 EMERALD trial as a potential once daily, oral treatment, in patients with ER+/ HER2- mBC. Overall, 466 patients were enrolled in the study, including 220 (47%) with tumors harboring an Estrogen Receptor 1 (ESR1) mutation. ESR1 mutations are important drivers for the development of resistance to endocrine therapy in ER+/ HER2- mBC patients.

"Advanced /metastatic ER+/HER2- BC pre-treated with endocrine therapy remains an area of high unmet medical need. Additional therapeutic options for this patient population are urgently needed" said Dr. Aditya Bardia, MD, MPH of the MGH, Associate Professor at the Medicine Department at Harvard Medical School, and Principal Investigator for the EMERALD trial. "The trial results being statistically significant demonstrate a clinically meaningful improvement of PFS in the elacestrant group versus endocrine standard of care in patients previously treated with endocrine therapies and CDK 4/6 inhibitors. The results provide a significant advancement for patients suffering from this devastating disease. It was also important to see the positive data for those patients with ESR1 mutations, known to confer additional resistance to standard endocrine therapy."

Kelly Martin, Radius’ Chief Executive Officer added "completing the EMERALD trial was a tremendous effort given the myriad of Covid related obstacles across the globe. Our collective teams did an outstanding job delivering the results of the trial in a high-quality and, ultimately, successful manner." Martin continued, "the Menarini Group and its leadership team are terrific partners. All of us at Radius look forward to supporting them through US NDA submission".

A full evaluation of the data is ongoing. Current plans are to have those results presented at the upcoming San Antonio Breast Cancer Symposium in December, 2021 and to publish them in a peer-reviewed journal.

About Elacestrant (RAD1901) and EMERALD Phase 3 Study

Elacestrant is a selective estrogen receptor degrader (SERD), out-licensed to Menarini Group, which is being evaluated for potential use as a once daily oral treatment in patients with ER+/ HER2- advanced breast cancer. Studies completed prior to EMERALD indicate that the compound has the potential for use as a single agent or in combination with other therapies for the treatment of breast cancer. The EMERALD Phase 3 trial is a randomized, open label, active-controlled study evaluating elacestrant as second- or third-line monotherapy in ER+/HER2- advanced/metastatic breast cancer patients. The study has enrolled 466 patients who have received prior treatment with one or two lines of endocrine therapy, including a cyclin-dependent kinase (CDK) 4/6 inhibitor. Patients in the study were randomized to receive either elacestrant or the investigator’s choice of an approved hormonal agent. The primary endpoint of the study is progression-free survival (PFS) in the overall patient population and in patients with estrogen receptor 1 gene (ESR1) mutations. Secondary endpoints include evaluation of overall survival (OS), objective response rate (ORR), and duration of response (DOR).