Labcorp to Speak at UBS Global Healthcare Virtual Conference

On May 18, 2021 Labcorp (NYSE: LH), a leading global life sciences company, reported that members of the executive management team will participate in a virtual fireside chat at the UBS Global Healthcare Virtual Conference on Monday, May 24 at 3:00 p.m. ET (Press release, LabCorp, MAY 18, 2021, View Source [SID1234580207]).

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A live webcast of the presentation will be available via the Investor Relations section of the company’s website at www.Labcorp.com and archived for replay.

CEL-SCI Corporation Reports Second Quarter Fiscal 2021 Financial Results

On May 18, 2021 CEL-SCI Corporation (NYSE American: CVM) reported financial results for the quarter ended March 31, 2021, as well as key clinical and corporate developments (Press release, Cel-Sci, MAY 18, 2021, View Source [SID1234580223]).

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Clinical and Corporate Developments include:

In December 2020, CEL-SCI stated that its pivotal Phase 3 head and neck cancer study completed database lock and entered the statistical analysis phase. CEL-SCI remains blinded to the study data and is not involved in the analysis process which is conducted by independent contractors. The statistical analysis plan follows the protocol stated objectives and is designed to meet FDA requirements to define safety and efficacy, those clinical benefits that Multikine might provide for patients newly diagnosed with advanced primary (not yet treated) squamous cell carcinoma of the head and neck.
In preparation for the anticipated commercial launch of Multikine, CEL-SCI has been expanding and upgrading its dedicated cGMP manufacturing facility for Multikine. The construction, which began in 2020, is expected to be completed soon and will double the facility’s capacity to accommodate two shifts for increased production of Multikine.
"We believed in cancer immunotherapy when few did. We were the first to administer an immunotherapy drug right after diagnosis, ahead of surgery, radiation and chemotherapy, because we believe that the activation of an anti-tumor response by the immune system is best achieved before standard therapies damage it. We believe that it is possible to develop a non-toxic cancer drug. Our Phase 3 study took years longer than expected because it took longer than expected to reach the required number of events (patient deaths) in the comparator arms of the study. It is all about the final data," stated CEL-SCI CEO, Geert Kersten.

CEL-SCI reported an operating loss of $17.3 million for the six months ended March 31, 2021 versus an operating loss of $13.6 million for the six months ended March 31, 2020. CEL-SCI reported an operating loss of $8.5 million for the quarter ended March 31, 2021 versus an operating loss of $6.7 million for the quarter ended March 31, 2020.

During the six and three months ended March 31, 2021, CEL-SCI incurred approximately $6.9 million and $3.3 million, respectively, in capitalized costs to upgrade its manufacturing facility to prepare for the potential commercial production of Multikine. Total estimated costs of this upgrade are approximately $10.6 million, of which approximately $9.5 million has been incurred through March 31, 2021. The landlord of the property has agreed to finance the final $2.4 million of costs and allow for the repayment through increased lease payments beginning March 1, 2021.

OncXerna Therapeutics to Present at Jefferies Virtual Healthcare Conference

On May 18, 2021 OncXerna Therapeutics, Inc., a precision medicine company using an innovative RNA-expression based biomarker platform to predict patient responses to its first-in-class targeted oncology therapies, reported that Laura Benjamin, Ph.D., Founder and CEO of OncXerna, will present at the Jefferies Virtual Healthcare Conference taking place June 1-4, 2021 (Press release, OncXerna Therapeutics, MAY 18, 2021, View Source [SID1234580191]).

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The live presentation will occur on June 4, 2021 from 10:30 a.m. to 10:55 a.m. ET. A link to the live webcast of the presentation can be found here.

Milestone reached in the clinical development of TG-1801 (NI-1701)

On May 18, 2021 Light Chain Bioscience | Novimmune SA reported that under its global collaboration agreement with TG Therapeutics (NSDAQ: TGTX) a predefined milestone was reached in the clinical development of TG-1801 (NI-1701), a bispecific antibody targeting CD19 and CD47 (Press release, Light Chain Bioscience, MAY 18, 2021, View Source [SID1234580208]).

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"We are excited with the progress of TG-1801 in the current Phase I clinical trial in Australia by our partner TG Therapeutics, as well as the recent approval of an IND and start of Phase I in the US. TG-1801 is the first bispecific antibody allowing for selective CD47 targeting on tumor cells, a unique mechanism of action that we are deploying in other internal and partnered bispecific programs for the treatment of cancer" said Nicolas Fischer CEO of Light Chain Bioscience. "The clinical progress of TG-1801 brings further validation to our bispecific kappa-lambda body format that maintains the native structure of a human IgG."

Imugene Licenses Cd19 Oncolytic Virus From City of Hope to Turn Car T Therapy Against Solid Tumors

On May 18, 2021 Imugene Ltd (ASX:IMU), an immuno-oncology company and City of Hope, a world-renowned independent cancer research and treatment center near Los Angeles, reported they have entered into a licensing agreement for the patents covering a novel combination immunotherapy (Press release, Imugene, MAY 18, 2021, View Source [SID1234580224]). The therapy unleashes a CD19-expressing oncolytic virus to enable CD19-directed chimeric antigen receptor (CAR) T cell therapies to target solid rumors, which are currently otherwise difficult to treat with CAR T cell therapy alone.

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"Our City of Hope team designed this CF33 oncolytic virus to do what it does so well. It enters the cancer cell, uses the cell’s own machinery to replicate itself, and engineers the cancer cells to express the well-known CAR T cell target, CD19"

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The worldwide exclusive license of the patents covering the cell therapy technology, which includes CF33-CD19, known as onCARlytics, or an agent that tags cancer cells for CAR T cell destruction, was developed at City of Hope.

City of Hope scientists led by Saul Priceman, Ph.D., have combined two potent immunotherapies. Imugene’s CD19 oncolytic virus and CD19 CAR T cell therapy — with the goal of targeting and eradicating solid tumours that are otherwise difficult to treat with CAR T cell therapy alone.

"Our research demonstrates that oncolytic viruses are a powerful and promising approach that can be combined strategically with CAR T cell therapy to effectively target solid tumours in patients," said Priceman, assistant professor in City of Hope’s Department of Hematology & Hematopoietic Cell Transplantation."This therapeutic platform addresses two major challenges that make solid tumors so difficult to treat with immunotherapy. There are limited solid tumor targets that T cells can be redirected against with CARs. Solid tumors are surrounded by a brick wall — a so-called immunosuppressive tumour microenvironment. When a CAR T cell attempts to enter the tumor, survive and kill cancer cells, it can’t effectively because of this barrier."

Imugene’s managing director and CEO, Leslie Chong said, "This platform opens up the entire field of use to cellular therapy for the CF33 OV. Supercharging CF33 with CD19 is a revolutionary new paradigm in combination therapy with any CD19 binding therapies to include bi-specifics, antibody drug conjugates and CAR T, cell therapy for solid tumors. The CAR T cell field currently only treats ~10% of all cancers such as blood or liquid tumors, whereas this technology has the potential to open up the solid tumor market."

City of Hope scientists genetically engineered an oncolytic virus to enter tumor cells and force the expression of CD19 on the cell surface. The scientists were then able to use CD19-directed CAR T cells to recognize and attack these solid tumors. The preclinical research was published recently and featured on the front cover of the prestigious journal Science Translational Medicine [1].

CD19-CAR T cell therapy is approved by the U.S. Food and Drug Administration to treat certain types of blood cancers, namely B cell lymphomas and acute lymphoblastic leukemia. This new research may expand the use of CD19-CAR T therapy with onCARlytics to the treatment of patients with potentially any solid tumor.

This discovery highlights a City of Hope research collaboration, including Priceman, Anthony Park, Ph.D., postdoctoral research fellow in Priceman’s lab, Stephen Forman, M.D., director of City of Hope’s Hematologic Malignancies Research Institute and T Cell Therapeutics Research Laboratory, and Yuman Fong, M.D., professor and Sangiacomo Family Chair in Surgical Oncology at City of Hope. "Our City of Hope team designed this CF33 oncolytic virus to do what it does so well. It enters the cancer cell, uses the cell’s own machinery to replicate itself, and engineers the cancer cells to express the well-known CAR T cell target, CD19," Fong said.

A separate four year sponsored research agreement with City of Hope and the research team led by Priceman to further develop the technology​ has also been executed.

Under the terms of the licence agreement, Imugene acquires the exclusive worldwide rights to develop and commercialize the patents covering the CF33-CD19 for which it has agreed to pay City of Hope license fees comprising upfront, annual maintenance fees which are creditable against future royalty payments, performance-based consideration linked to the achievement of certain value-inflection development milestones and commercial outcomes, as well as net sales based on single digit royalty payments, and sublicencing fees.

All upfront cash payments under the license agreement will be funded through Imugene’s existing cash reserves.

1 Effective combination immunotherapy using oncolytic viruses to deliver CAR targets to solid tumours.
Park AK, Fong Y, Kim SI, Yang J, Murad JP, Lu J, Jeang B, Chang WC, Chen NG, Thomas SH, Forman SJ, Priceman SJ.Sci Transl Med. 2020 Sep 2;12(559):eaaz1863. doi: 10.1126/scitranslmed.aaz1863.PMID: 32878978

OnCARlytics

Researchers first created an oncolytic virus (CF33-CD19) in Fong’s lab to get into tumor cells and start producing CD19. They did this successfully in triple-negative breast, pancreatic, prostate, ovarian, head and neck, and brain cancer cell lines. CF33-CD19 oncolytic virus was then combined with CD19-CAR T cells in vitro and in vivo mice studies. Researchers showed significant activity with mice being cured of their cancer with the CF33-CD19 and CAR T cell combination, as well as prolonged protective anti-tumor immunity. Solid tumors don’t express CD19 on their cell surface, therefore introducing the CF33-CD19 allowed for CD19 to be present on the solid tumor cell surface, as well as helped to reverse the tumor’s harsh microenvironment, making it receptive to receiving CAR T cell therapy. The first clinical trial is anticipated to start in 2022 and will evaluate the safety and efficacy of CF33-CD19 in combination with CAR T therapy in patients with solid tumors.