Corporate Slide Presentation, dated September 16, 2021

On September 16, 2021, Silverback Therapeutics, Inc. (the "Company") presented its corporate slide presentation (Presentation, Silverback Therapeutics, SEP 16, 2021, View Source [SID1234587805]).

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Herantis Pharma Plc: 1,346,500 new shares registered with the trade register

On September 16, 2021 Herantis Pharma Plc ("Herantis" or the "Company"), an innovative drug development company pioneering new disease modifying and regenerative biologic and gene therapies, reported on 15 September 2021 the result of the offering of new shares (the "Placing Shares") in a private placement to institutional and other qualified investors (the "Placing") (Press release, Herantis Pharma, SEP 16, 2021, View Source;1-346-500-new-shares-registered-with-the-trade-register,c3416563 [SID1234587820]). In the Placing, the Company issued a total of 1,346,500 Placing Shares. The Placing Shares have today been registered with the trade register maintained by the Finnish Patent and Registration Office.

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Following the registration of the Placing Shares, the total number of registered shares in the Company is 11,103,568. The Placing Shares will be issued in the book-entry system (ISIN code FI4000087861) on or about 20 September 2021. After this, and registration on the investors’ book-entry accounts, they will confer shareholder rights in the Company. The Placing Shares are expected to be ready for delivery to the investors against payment through Euroclear Finland Ltd or, as applicable, through Euroclear Sweden AB on or about 20 September 2021.

Trading in the Placing Shares is expected to commence on Nasdaq First North Growth Market Finland and Nasdaq First North Growth Market Sweden on or about 20 September 2021.

Silverback Therapeutics Presents Interim Clinical Results from the Ongoing Phase 1/1b Study of SBT6050 Alone or In Combination with Pembrolizumab in Patients with Advanced or Metastatic HER2-Expressing Solid Tumors

On September 16, 2021 Silverback Therapeutics, Inc. (Nasdaq: SBTX) ("Silverback"), a clinical-stage biopharmaceutical company leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases, reported that interim clinical results from a Phase 1/1b clinical study of SBT6050 as a monotherapy and in combination with pembrolizumab in patients with advanced or metastatic HER2-expressing or amplified solid tumors, at the 2021 European Society for Medical Oncology Congress (Press release, Silverback Therapeutics, SEP 16, 2021, View Source [SID1234587838]).

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"Over this past year, we have gathered compelling data with clear signals of SBT6050’s pharmacological activity, marked by the activation of both the innate and adaptive immune response in patients," said Laura Shawver, Ph.D., chief executive officer of Silverback. "We look forward to moving into expansion cohorts and to expanding our clinical development plan to include combination with standard-of-care trastuzumab-containing regimens."

As of August 1, 2021, 40 patients with advanced or metastatic HER2-expressing or amplified solid tumors were enrolled into the SBT6050-101 trial. SBT6050 dose levels ranged from 0.3 to 1.2 mg/kg in the monotherapy dose escalation arm (Part 1), and 0.15 and 0.3 mg/kg in the pembrolizumab combination arm (Part 3). Patients received between 1 and 17 doses of SBT6050.

As a monotherapy and in combination with pembrolizumab, SBT6050 was generally well-tolerated, with an adverse event profile that is consistent with immune system activation and considered on-mechanism. "The adverse event profile thus far has been very manageable and importantly, suggests the potential to combine with other standard of care agents," said Samuel Klempner, MD, Medical Oncologist at the Massachusetts General Hospital. "The signals of anti-tumor activity are encouraging and its complementary mechanism of action with standard-of-care agents makes SBT6050 attractive for combination regimens."

Initial Safety Data

The most frequent treatment-related adverse events were consistent with immune activation, and included injection site reactions, fever and chills, hypotension, nausea, vomiting, and fatigue. These were mostly Grade 1 or 2 in nature, and no Grade 4 or higher related adverse events were reported.
At higher dose levels, dose limiting toxicities (DLTs) were observed and included Grade 3 hypotension, injection site reaction, fever, and hypoxia. These DLTs resolved with supportive care.
Cytokine release syndrome (CRS) > Grade 2 was not observed at any dose level.
Pharmacokinetic and Pharmacodynamic Data

SBT6050 exposures increased with dose and exhibited a linear PK profile at 0.6 mg/kg and higher. Linear exposure is evidence of saturation of receptor mediated clearance.
Conjugate stability was assessed using a highly sensitive assay, and no active levels of SBT6050’s free payload were detected in the blood and any amount of free payload was absent in 98% of all blood samples tested.
SBT6050 induces pharmacologic activity indicative of myeloid and NK/T cell activation at all dose levels, with effects plateauing at 0.6 mg/kg.
Pharmacodynamic activity is maintained with repeat dosing of SBT6050.
Anti-Tumor Activity

Early signals of anti-tumor activity were observed in a heavily pre-treated, heterogeneous population.
Among 18 evaluable patients for tumor types of interest, one patient with HER2 IHC 2+ NSCLC had a confirmed partial response (-55% per RECIST 1.1 criteria), maintained at the most recently available scan obtained at 36 weeks post-enrollment, and 8 weeks after discontinuing study treatment. In addition, stable disease was reported in seven patients.
SBT6050 targets the pertuzumab binding domain of HER2 and is designed to be used in combination with standard of care agents, including trastuzumab-containing regimens. Silverback will be discussing details of its expanded clinical development strategy on the scheduled investor webcast today.

Conference Call and Webcast on Thursday, September 16, 2021, at 6:30 AM ET

Silverback’s management team will host a conference call today at 6:30 AM ET. A live webcast, including slides, can be accessed through the Events section of the Company’s website at View Source An archived replay will be available shortly after the conclusion of the event.

About SBT6050

SBT6050 is the first of a new class of targeted immuno-oncology agents designed to direct a TLR8 agonist linker-payload to activate myeloid cells in tumors expressing moderate to high levels of HER2. TLR8 is expressed in myeloid cell types prevalent in human tumors and TLR8 agonism can activate a broad spectrum of anti-tumor immune mechanisms, including pathways involved in the innate and adaptive immune response. SBT6050 was specifically designed to bind to the HER2 sub-domain II, the pertuzumab epitope, to enable combinations with trastuzumab-containing therapies. SBT6050 is currently being evaluated in a Phase 1/1b trial in patients with advanced or metastatic HER2-expressing or amplified solid tumors.

BOLD-100 Exhibits Potent Anti-Tumor Activity in Validated I/O In Vivo Models

On September 16, 2021 Bold Therapeutics, a clinical-stage biopharmaceutical company developing BOLD-100, a first-in-class anti-resistance oncology therapeutic, reported that it has demonstrated potent anti-tumor activity in combination with a PD-1 checkpoint inhibitor in a validated I/O in vivo model of colorectal cancer (Press release, Bold Therapeutics, SEP 16, 2021, View Source [SID1234587853]). Cancer immunotherapies that blockade the PD-1/PD-L1 checkpoint, such as Merck’s Keytruda (pembrolizumab), BMS’ Opdivo (nivolumab) and more recently Jiansu Hengrui’s AiRuiKa (camrelizumab), have been shown to create durable therapeutic responses not typically seen with traditional anti-cancer therapies, improving patient outcomes in an increasingly wide range of indications and generating more than $23B in annual revenues worldwide. However, these therapies remain ineffective in a significant percentage of patients who are inherently resistant, and some patients who initially respond acquire resistance to these therapies over time. As the mechanisms underlying both inherent and acquired resistance to PD-1/PD-L1 are further elucidated, proactive anti-resistance therapeutic strategies could potentially result in both more frequent and improved patient outcomes.

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In the experiment shown, BOLD-100 was tested by an independent CRO in an MC-38 mouse model of colorectal cancer. BOLD-100 not only demonstrated potent monotherapy activity, as it has in other models, but also significantly improved outcomes when combined with a PD-1 inhibitor. Adding to an increasing wealth of literature, this data strongly supports BOLD-100’s potential to synergize with checkpoint inhibitors to reduce inherent and acquired resistance and improve patient outcomes. Further experiments are planned to explore and optimize BOLD-100’s utility in combination with checkpoint inhibitors in various established preclinical models with the goal of quickly advancing into a combination clinical study. BOLD-100 has already been shown to be generally safe and well-tolerated in a 46-patient monotherapy Phase 1 study, and Bold Therapeutics anticipates initiating numerous Phase 2 studies in 2022 and beyond.

"These results in combination with a PD-1 checkpoint inhibitor adds to extensive preclinical and clinical evidence supporting BOLD-100’s broad utility," stated E. Russell McAllister, CEO of Bold Therapeutics. "We have already demonstrated synergy between BOLD-100 and the therapies used in the majority of cancer care settings, ranging from traditional chemotherapies (e.g. cisplatin, gemcitabine) to targeted therapies (e.g. proteasome inhibitors, PARP inhibitors, receptor tyrosine kinase inhibitors – and now checkpoint inhibitors) to novel therapies (e.g. apoptosis and DNA damage pathway inhibitors). Drug resistance remains a significant unaddressed challenge in oncology, and Bold Therapeutics and our collaborators worldwide continue to demonstrate BOLD-100’s ability to address this unmet need by defeating both inherent and acquired resistance in a wide range of both solid and liquid tumor indications. Meanwhile, our ongoing seamless adaptive Phase 1b/2a clinical study is exploring the safety and efficacy of BOLD-100 in combination with FOLFOX in the treatment of advanced GI cancers – and we continue to expect to present results from the Phase 1b portion of the study at a conference in early 2022."

Entry into a Material Definitive Agreement.

On September 16, 2021, Gritstone bio, Inc. (the "Company") reported that it entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain purchasers identified on the signature pages thereto (the "Purchasers"), pursuant to which the Company issued and sold to the Purchasers, in an unregistered offering, an aggregate of 5,000,000 shares of common stock, par value $0.0001 per share (the "Common Stock") at a per share purchase price of $11.00 per share, for aggregate gross proceeds to the Company of $55.0 million (the "Private Placement"). The closing of the Private Placement occurred on September 17, 2021 (the "Closing") (Filing, 8-K, Gritstone Oncology, SEP 16, 2021, View Source [SID1234587887]).

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Pursuant to the Purchase Agreement, the Company has agreed to file a resale registration statement with the Securities and Exchange Commission as soon as practicable, and in all events within 30 days after the Closing, to register the resale of the Securities issued at the time of the Closing.

Cowen & Company LLC acted as sole placement agent for the Private Placement.

The foregoing summaries of the Private Placement, the Shares to be issued in connection therewith, and the Purchase Agreement are qualified in their entirety by reference to the definitive transaction documents. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.