IntelGenx Announces Subscription for Notes

On July 28, 2021 IntelGenx Technologies Corp. (TSXV: IGX) (OTCQB: IGXT) (the "Company" or "IntelGenx") reported that it has received subscriptions from investors in the United States for U.S.$2.1 million principal amount of 8% convertible notes due July 31, 2025 (the "Notes") (Press release, IntelGenx, JUL 28, 2021, View Source [SID1234585302]). The Notes will bear interest at a rate of 8% per annum, payable quarterly, and will be convertible into shares of common stock of the Company (the "Shares") beginning 6 months after their issuance at a price of U.S.$0.40 per Share. The offering of the Notes (the "Offering") is subject to the approval of the TSX Venture Exchange, receiving an exemption from the prospectus requirement from the Autorité des marchés financiers, and other customary closing conditions. The Offering is expected to close on or about July 30, 2021.

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The Company intends to use the proceeds of the Offering to finance the Company’s Montelukast study.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any jurisdiction where not permitted by law. Any securities described in this announcement have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of a "U.S. person" as defined in Regulation S under the U.S. Securities Act, except in transactions exempt from, or not subject to, registration under the U.S. Securities Act and applicable state securities laws.

Illumina to Webcast Upcoming Investor Conference

On July 28, 2021 Illumina, Inc. (NASDAQ: ILMN) reported that its executives will be speaking at the following investor conference (Press release, Illumina, JUL 28, 2021, View Source [SID1234585318]):

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UBS Genomics 2.0 and MedTech Innovations Summit on August 11, 2021
Fireside Chat at 12:00 pm Pacific Time (3:00 pm Eastern Time)
The live webcast can be accessed under the Investor Info section of the "company" tab at www.illumina.com. A replay will be posted on Illumina’s website after the event and will be available for at least 30 days following.

Prescient takes its PTX-100 trial to next level after Phase 1b success

On July 28, 2021 Prescient Therapeutic’s (ASX:PTX) reported that anti-cancer drug PTX-100, the Company stated that the first-in-class compound demonstrated an excellent safety profile in Phase 1b clinical trial in solid and hematological cancers (Press release, Prescient Therapeutics, JUL 28, 2021, View Source;utm_medium=rss&utm_campaign=prescient-takes-its-ptx-100-trial-to-next-level-after-phase-1b-success [SID1234585336]).

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Prescient also highlighted that the targeted therapy demonstrated biological activity in two highly pre-treated T cell lymphoma (TCL) patients with aggressive disease. TCL is a type of cancer that forms in T lymphocytes (or T cells).

MUST READ: Positive results from immunogenicity testing send Prescient’s shares higher

PTX highlighted that PTX-100 demonstrated an excellent safety profile for two reasons: firstly, the drug may have efficiency in fragile patients who cannot tolerate treatments with high toxicities, and secondly, because of the low toxicity profile of PTX-100.

Prescient now intends to advance PTX-100 to an expansion cohort study that will focus on TCL, an area of significant unmet medical need.

Patients’ enrolment for Phase 1b trial
A total of ten patients were enrolled for the Phase 1b basket trial-

Five with solid tumours, including pancreatic and colorectal cancers.
Five with haematological malignancies, including multiple myeloma and T cell lymphomas.
In this trial, patients received a median of three prior lines of treatment and up to five prior lines of treatment. PTX-100 was administered to the patients at doses ranging from 500 mg/m2 to 2,000 mg/m2.

PTX-100’s impressive safety profile
In the Phase 1b basket trial, PTX-100 showed an outstanding safety profile and was well tolerated up to and including the highest dose of 2,000mg/m2.

PTX also notified that several Grade 3 or 4 adverse events were observed in the study, including a reduction in platelets (observed in three patients) as well as a reduction in neutrophils or neutropenia (observed in two patients). However, none of these were deemed serious and were not related to PTX-100.

Serious adverse events included nose bleeds (one patient); osteomyelitis (bone infection; one patient); hip fracture (one patient), and subarachnoid haemorrhage (one patient). However, none of these adverse events were found to be related to PTX-100.

PTX-100 demonstrates clinical benefit in Phase 1 trial
Although the primary goal of the basket trial was to evaluate safety, clinical benefit was observed in two TCL patients with aggressive disease who had failed 3-5 prior therapies.

One patient with peripheral T cell lymphoma (PTCL) had an aggressive form of the disease and had failed five prior treatments. These treatments weren’t able to control the disease for more than a couple of months. However, when treated with PTX-100, the patient experienced a partial response (reduction in cancer burden) without disease progression for 17 months and still counting. The patient has undergone 24 cycles of therapy and continues to receive PTX-100.

Another patient with cutaneous T cell lymphoma (CTCL) with K-Ras mutation also had aggressive cancer and had failed three prior therapies. This patient had a partial response to the study, with reduced cancerous lesions and symptomatic relief. The patient was on therapy for 12 months, receiving 19 cycles of therapy.

In cases where refractory TCL patients are treated with standard of care therapies, disease progression is generally expected within four months. This highlights the reassuring nature of responses when treated with PTX-100.

DO READ: Prescient Therapeutics inks new deal with Peter Mac to rev up its OmniCAR programs

PTX to conduct expansion cohort study for PTX-100
Following the encouraging results, Prescient will progress the development of PTX-100 as a monotherapy in an expansion cohort study in relapsed and refractory TCL, with a particular focus on peripheral T cell lymphoma (PTCL).

WATCH NOW: Expert Talks With Mr Steven Yatomi Clarke, CEO and Managing Director of Prescient Therapeutics

Relatively small clinical trials may be adequate for registration compared to typical Phase 3 clinical trials, as indicated by previous drug approvals. PTCL is an indication with substantial unmet medical need. The survival rate following relapse is low and has not significantly improved in the last two decades.

While PTCL is not a common malignancy, the nature of this form of cancer and the absence of efficient therapy options for refractory patients generates a potentially shorter regulatory path for PTX-100. Notably, this will be the fastest route to market in a high-value area of unmet medical need.

Prescient will provide additional details on the expansion cohort study in the upcoming quarter.

ALSO READ: Prescient Therapeutics’ major strides in anti-cancer programs set the stage for a sturdy 2021

UroGen Pharma to Report Second Quarter 2021 Financial Results on Wednesday, August 4, 2021

On July 28, 2021 UroGen Pharma Ltd. (Nasdaq: URGN), a biopharmaceutical company dedicated to building and commercializing novel solutions that treat specialty cancers and urologic diseases, reported that it will report second quarter 2021 financial results on Wednesday, August 4, 2021, prior to the open of the market (Press release, UroGen Pharma, JUL 28, 2021, View Source [SID1234585264]). The announcement will be followed by a live audio webcast and conference call at 8:30 AM Eastern Time.

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Audio Webcast

The webcast will be made available on the Investors section of the Company’s website at View Source Following the live audio webcast, a replay will be available on the Company’s website for approximately 30 days.

Abeona Therapeutics Reports Second Quarter Financial Results

On July 28, 2021 Abeona Therapeutics Inc. (Nasdaq: ABEO), a fully-integrated leader in gene and cell therapy, reported financial results for the second quarter 2021 and recent business progress (Press release, Abeona Therapeutics, JUL 28, 2021, View Source [SID1234585337]).

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"The second quarter was a highly effective and productive quarter for Abeona, and we remain committed to delivering operational excellence and bringing our gene therapies to patients with no approved treatments," said Michael Amoroso, Chief Executive Officer of Abeona. "As we continue to advance our clinical programs, we are delivering on meaningful milestones. We are focusing our resources on completing registration-enabling studies for patients with RDEB and MPS IIIA, and are preparing for the potential of two BLA filings."

Second Quarter and Recent Highlights

Corporate Updates

Appointed Vishwas Seshadri, Ph.D., M.B.A., as Senior Vice President, Head of Research & Clinical Development. Dr. Seshadri joins Abeona from Celgene Corporation, now a subsidiary of Bristol-Myers Squibb Company, and brings substantial experience in the life sciences industry overseeing product development, regulatory submissions, and commercialization for novel therapies including personalized, autologous cell therapies.
EB-101 (Autologous, Gene-Corrected Cell Therapy)

Activated UMass Memorial Medical Center in Worcester, MA as the second clinical trial site in the pivotal Phase 3 VIITAL study of its investigational EB-101 treatment for recessive dystrophic epidermolysis bullosa (RDEB).
Presented updated Phase 1/2a clinical trial results at the Society for Pediatric Dermatology (SPD) 46th Annual Meeting, with EB-101 treatment of large, chronic RDEB wounds continuing to show a considerable reduction in both wound burden and associated long-term pain for up to six years.
ABO-102 and ABO-101 (AAV-based Gene Therapies)

Abeona completed a successful Type B meeting with the U.S. Food and Drug Administration (FDA) regarding the pivotal trial to support filing and approval for ABO-102 for the treatment of patients with Sanfilippo syndrome type A (MPS IIIA). Based on the Type B meeting, the ongoing Transpher A study will serve as the pivotal study for ABO-102 and could potentially support a Biologics License Application (BLA) submission depending on the data set. In addition, Abeona also aligned with the FDA on the definition of the primary endpoint for the study, neurocognitive assessment using the raw score from the Bayley Scales of Infant and Toddler Development (BSITD) and the Kauffman Assessment Battery for Children (KABC-2), which are already part of the assessment plan in the Transpher A protocol.
Presented new brain MRI data during an oral presentation at the 16th International Symposium on MPS and Related Diseases, held during July 23-25, 2021. The MRI data indicated that ABO-102 increased grey matter, corpus callosum, and amygdala volumes in the brain in the three young patients with MPS IIIA at 24 months as compared to afflicted patients without treatment. The MRI data is consistent with previously reported results of preservation of neurocognitive development in these three young patients in the Transpher A study.
The Company is in the process of closing enrollment for the Transpher B trial. To date, four patients have been treated in the higher dose cohort of Transpher B. An additional three patients have been treated and a fourth patient will be treated with the higher dose through the Named Patient Program (NPP) in Germany, a compassionate use program that allows for patients with high unmet need to be treated at the request of the treating physician. The patients treated in the NPP are followed for safety and efficacy with the same rigor and frequency as patients in Transpher B. The Company intends to pool all patients’ data from Transpher B and the NPP to assess therapeutic effect going forward. The Company expects 2-year neurocognitive data for the first patients treated in the high dose cohort of Transpher B beginning in the first half of 2022.
Preclinical Pipeline

Presented new data at the Association for Research in Vision and Ophthalmology (ARVO) 2021 Annual Meeting supporting the potential of Cre-mediated dual AAV vector technology to enable delivery of large genes targeted for treatment of Stargardt disease.
Completed non-human primate (NHP) studies comparing several of the company’s AAV capsids with AAV8, the industry standard for intraocular administration. The results showed that AAV204, part of Abeona’s in-licensed AIM capsid library, was superior to AAV8 using a recently developed route of ocular administration. In a separate NHP experiment, the company’s AAV214 and AAV214D5 capsids demonstrated nearly identical levels of transduction compared with AAV8 of photoreceptor and retinal pigmented epithelium cells, which are the cell types most frequently affected in inherited retinal diseases. The NHP results support Abeona’s strategy to advance multiple preclinical eye programs onward toward the clinic.
Second Quarter Financial Results

Cash, cash equivalents and short-term investments totaled $77.6 million as of June 30, 2021, compared to $86.8 million as of March 31, 2021. Net cash used in operating activities was $11.5 million for the second quarter of 2021.

"While pursuing our key strategic priorities, we have thoughtfully and carefully managed our spending decisions. Across the organization, there is a balanced approach to not only focusing on moving towards our key milestones, but also utilizing our cash resources prudently and on time to deliver results," said Edward Carr, Chief Accounting Officer of Abeona.

Total research and development (R&D) spending was $7.4 million for the second quarter of 2021, which is consistent with the $7.2 million spent in the first quarter of 2021. R&D expenses include the cost of clinical development of the EB-101 and MPS programs, manufacturing of the drug products for EB-101 and ABO-102, and preclinical ophthalmic research activities. Total general and administrative (G&A) spending was $5.5 million in the second quarter of 2021, down from the $6.6 million spent in the first quarter of 2021. The decrease in G&A in the second quarter of 2021 is primarily due to lower professional fees. Net loss was $15.2 million for the second quarter of 2021.

Conference Call Details

Abeona Therapeutics will host a conference call and webcast on Thursday, July 29, 2021 at 8:30 a.m. ET, to discuss its second quarter 2021 financial results and business update. To access the call, dial 888-506-0062 (U.S. toll-free) or 973-528-0011 (international) and Entry Code: 7184522 five minutes prior to the start of the call. A live, listen-only webcast and archived replay of the call can be accessed on the Investors & Media section of Abeona’s website at www.abeonatherapeutics.com. The archived webcast replay will be available for 30 days following the call.