Mycenax and RIN Sign License Agreement to Advance ADC Development Using RIN’s Proprietary Linker Technology

On October 31, 2025 Mycenax Biotech Inc. (TWO:4726), a leading biologics CDMO based in Taiwan, reported the signing of a License Agreement with Japan-based RIN Institute Inc., granting Mycenax rights to apply RIN’s proprietary Val-Leu-Lys (VLK) linker technology in CDMO services worldwide.

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RIN’s VLK linker has demonstrated superior anti-tumor efficacy and high serum stability, enabling the development of advanced ADCs. Specifically, the VLK linker facilitates cytotoxicity through two mechanisms: action within the tumor microenvironment and enhanced ADC internalization. The agreement strengthens Mycenax’s capability to deliver differentiated ADC solutions for global pharmaceutical partners.

"We are thrilled to finalize this agreement with RIN Institute, marking an important milestone in our mission to provide innovative and competitive ADC solutions," said Pei-Jiun Chen, CEO and President of Mycenax. "This collaboration further enhances our technical capabilities and reinforces our commitment to advancing next-generation ADC therapeutics."

The partnership builds upon the Letter of Intent (LOI) signed on April 7, 2025, which laid the foundation for closer cooperation between the two companies in advancing ADC innovation.

(Press release, Mycenax, OCT 31, 2025, View Source [SID1234659213])

Immunome to Present at 2nd Annual Guggenheim Healthcare Innovation Conference

On October 31, 2025 Immunome, Inc. (Nasdaq: IMNM), a biotechnology company focused on developing first-in-class and best-in-class targeted cancer therapies, reported that Immunome management will present at the 2nd Annual Guggenheim Healthcare Innovation Conference on Tuesday, Nov. 11, 2025 at 8:30 a.m. ET.

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Interested parties can access the live audio webcast for this conference from the Investor Relations section of the company’s website at www.immunome.com. The webcast replay will be available after the conclusion of the live presentation for approximately 30 days.

(Press release, Immunome, OCT 31, 2025, View Source [SID1234659214])

Quarterly Activities and Cash Flow Report Period Ending 30 September 2025

On October 31, 2025 Imugene Limited (ASX:IMU), a clinical-stage immuno-oncology company, reported its Quarterly Cash Flow report (Appendix 4C) for the quarter ended 30 September 2025.

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CLINICAL UPDATES

Azer-cel Phase 1b clinical trial records overall response rate of 81% in relapsed/refractory DLBCL

Late in the quarter, the Company reported an overall response rate (ORR) of 81% in its ongoing Phase 1b clinical trial of azer-cel (azercabtagene zapreleucel), an allogeneic, offthe-shelf CD19 CAR T-cell therapy being developed for patients with relapsed or refractory (R/R) diffuse large B-cell lymphoma (DLBCL).

Of the sixteen patients treated so far, thirteen have responded to therapy, including seven complete responses (CRs) and six partial responses (PRs). This marks an increase from the previously reported 79% ORR in August 2025, following two new patients achieving partial responses and one transitioning from partial to complete response at the Day 90 scan. Importantly, responses have been both rapid and durable, with the average time to best response occurring within one to three months, and ongoing durability data continuing to strengthen.

The first patient dosed with azer-cel and IL-2 in 2024 remains cancer-free for more than eighteen months, while additional responders are maintaining outcomes beyond five, five, six, and fifteen months, highlighting the long-lasting clinical activity of azer-cel. Patients enrolled in this trial represent a heavily pre-treated population, having typically failed at least three prior lines of therapy, and in many cases up to four to six, including autologous CAR T-cell treatments. These results reinforce the potential of azer-cel to provide a new therapeutic option for patients who have exhausted existing avenues.

Two patients who achieved a complete (CR) or partial response (PR) following azer-cel treatment became eligible for allogeneic stem cell transplant (allo-SCT). This approach using azer-cel as a bridge to allo-SCT has the potential to consolidate response and deliver long-term disease control. The sequence of azer-cel followed by allo-SCT may yield durable remission rates that exceed those typically observed with conventional salvage regimens.

Azer-cel is being administered in combination with interleukin-2 (IL-2), a cytokine known to enhance the survival and cancer-killing function of CAR T-cells, with the combination appearing to be contributing to both the depth and durability of responses.

Azer-cel aims to address key limitations of autologous CAR T therapies, including long manufacturing times, logistical constraints, and limited accessibility to treatment centres, by offering a readily available, on-demand cell therapy manufactured from healthy donor T-cells. Imugene continues to enrol patients at ten US and five Australian sites.

During the period the study also expanded to include and treat CAR T naïve patients diagnosed with a broad range of Non-Hodgkins lymphomas including primary central nervous system lymphoma (PCNSL), marginal zone lymphoma (MZL), Waldenstrom macroglobulinemia (WM), follicular lymphoma (FL) and leukemias such as chronic lymphocytic leukemia (CLL)/ small lymphocytic lymphoma (SLL).

Following quarter end, the company also provided a positive update to the market on the CAR T naïve patient expansion:
• 83% Overall Response Rate (ORR) in six evaluable heavily pretreated, CAR T naïve patients (no prior CAR T treatment). 5/6 responders, with results from the sixth patient pending
• 50% Complete Response (CR) rate, 3/6 patients
• Ten patients treated to date across multiple CD19+ B-cell malignancies, including diffuse large B-cell lymphoma (DLBCL), follicular lymphoma (FL), chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL), marginal zone lymphoma (MZL), Waldenström macroglobulinemia (WM) and primary CNS lymphoma (PCNSL)
• Enrolment progressing significantly faster than the CAR T-relapsed DLBCL cohort, supporting a potential expedited clinical path

Following an internal portfolio review, Imugene is refining its investment focus toward programs with near-term clinical and commercial milestones.

In light of the recent encouraging azer-cel results and broader capital considerations, the Company is exploring alternative development pathways for the CF33 programs, including potential collaborations with external partners who are encouraged by its potential.

As part of this approach, Imugene will moderate internal funding for CF33 and onCARlytics, while assessing partnership, out-licensing, or joint venture opportunities to support continued advancement of these programs.

FINANCIAL

$24.9 million institutional Placement and Share Purchase Plan

During the quarter, the Company successfully completed a $22.5 million institutional Placement and a $2.42 million Share Purchase Plan (SPP) for eligible shareholders, both priced at $0.33 per share. The Placement was strongly supported by new Australian and international institutional and sophisticated investors.

Participants in both the Placement and SPP received three free, attaching listed options for every four new shares subscribed, exercisable at $0.43 by 30 March 2026. Upon exercising these options, investors will receive one additional "piggyback" option per option exercised, with an exercise price of $0.86 and expiry on 30 June 2028.

Proceeds from the capital raising will primarily fund Imugene’s azer-cel (azercabtagene zapreleucel) program through initiation of a pivotal clinical trial in calendar year 2026, while also extending the company’s funding runway into mid-2027 and supporting general working capital needs.

(Press release, Imugene, OCT 31, 2025, https://mcusercontent.com/e38c43331936a9627acb6427c/files/7ce28d9c-c2ac-c33f-0f13-955286db572b/03017251.pdf [SID1234657171])

Zai Lab Announces Participation in Investor Conferences in November and December 2025

On October 31, 2025 Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) reported that members of the Company’s senior management team will participate in the following investor conferences in November and December 2025:

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Jefferies Global Healthcare Conference in London
Fireside Chat: Wednesday, November 19, 2025 at 8:30AM GMT
Location: London

Citi’s 2025 Global Healthcare Conference
Fireside Chat: Tuesday, December 2, 2025 at 1:00PM ET
Location: Miami, Florida

Live webcasts will be available on the Investor Relations page of Zai Lab’s website at ir.zailaboratory.com/webcasts-presentations and archived replays will be available for up to 90 days following the completion of the events.

(Press release, Zai Laboratory, OCT 31, 2025, View Source [SID1234659215])

Overall Survival Data from HARMONi-A, Featuring Ivonescimab in Combination with Chemotherapy vs. Chemotherapy in 2L+ Treatment of Patients with EGFRm NSCLC in China, to be Showcased at SITC 2025

On October 31, 2025 Summit Therapeutics Inc. (NASDAQ: SMMT) ("Summit," "we," or the "Company") reported that results from the Phase III HARMONi-A trial, conducted in China and sponsored by our partner, Akeso, Inc. ("Akeso," HKEX Code: 9926.HK), featuring the novel, potential first-in-class investigational bispecific antibody, ivonescimab, will be presented as part of the Annual Meeting of the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) (SITC 2025) in National Harbor, Maryland (Washington D.C. metro area) on Friday, November 7, 2025 at 11:30am ET.

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HARMONi-A evaluated ivonescimab combined with platinum-doublet chemotherapy in patients with epidermal growth factor receptor (EGFR)-mutated, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC) who have progressed after treatment with an EGFR tyrosine kinase inhibitor (TKI) against placebo plus platinum-doublet chemotherapy. This is a clinical setting with a patient population where PD-1 monoclonal antibodies have previously been unsuccessful in Phase III global clinical trials. HARMONi-A was the first Phase III study conducted with ivonescimab and now represents the first statistically significant overall survival (OS) benefit achieved by an ivonescimab regimen over a standard of care regimen.

HARMONi-A was a single region, multi-center, Phase III study conducted in China sponsored by Akeso with data generated and analyzed by Akeso. Via the results of HARMONi-A, this setting was the first of two settings which were approved by the National Medical Products Administration (NMPA), the health authority in China. In China, over 40,000 patients have been treated with ivonescimab in either a clinical or commercial setting.

Separately, Summit is sponsoring the HARMONi study, which is the first multiregional Phase III trial studying ivonescimab. HARMONi is evaluating ivonescimab plus platinum-doublet chemotherapy compared to placebo plus platinum-doublet chemotherapy in patients with EGFR mutated, locally advanced or metastatic non-squamous NSCLC who previously received a third generation EGFR TKI. Based on the results of the multiregional HARMONi study, we plan to submit a Biologics License Application (BLA); ivonescimab has not been approved by any regulatory authority in Summit’s license territories, including the United States and Europe.

About the SITC (Free SITC Whitepaper) 2025 Presentation

SITC 2025 Presentation
Presentation Title: Final Overall Survival Analysis of HARMONi-A Study Comparing Ivonescimab Plus Chemotherapy to Chemotherapy Alone in Patients With EGFR+ NSCLC Progressed on EGFR-TKI Treatment
Abstract No.: 1348
Session: Clinical Oral Abstract Session 1
Session Date & Time: Friday, November 7, 2025, 11:30am ET

About Ivonescimab

Ivonescimab, known as SMT112 in Summit’s license territories, North America, South America, Europe, the Middle East, Africa, and Japan, and as AK112 in China and Australia, is a novel, potential first-in-class investigational bispecific antibody combining the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. Ivonescimab displays unique cooperative binding to each of its intended targets with multifold higher affinity to PD-1 when in the presence of VEGF.

This could differentiate ivonescimab as there is potentially higher expression (presence) of both PD-1 and VEGF in tumor tissue and the tumor microenvironment (TME) as compared to normal tissue in the body. Ivonescimab’s specifically engineered tetravalent structure (four binding sites) enables higher avidity (accumulated strength of multiple binding interactions) in the TME (Zhong, et al, SITC (Free SITC Whitepaper), 2023). This tetravalent structure, the intentional novel design of the molecule, and bringing these two targets into a single bispecific antibody with cooperative binding qualities have the potential to direct ivonescimab to the tumor tissue versus healthy tissue. The intent of this design, together with a half-life of 6 to 7 days after the first dose (Zhong, et al, SITC (Free SITC Whitepaper), 2023) increasing to approximately 10 days at steady state dosing, is to improve upon previously established efficacy thresholds, in addition to side effects and safety profiles associated with these targets.

Ivonescimab was engineered by Akeso Inc. (HKEX Code: 9926.HK) and is currently engaged in multiple Phase III clinical trials. Over 3,000 patients have been treated with ivonescimab in clinical studies globally, and over 40,000 patients when considering those treated in a commercial setting in China as noted by Akeso.

Summit began its clinical development of ivonescimab in NSCLC, commencing enrollment in 2023 in two multiregional Phase III clinical trials, HARMONi and HARMONi-3. In early 2025, the Company began enrolling patients in the United States for HARMONi-7. Summit intends to open clinical trial sites in the United States for the Phase III study in CRC by the end of 2025.

HARMONi is a Phase III clinical trial which intends to evaluate ivonescimab combined with chemotherapy compared to placebo plus chemotherapy in patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC who were previously treated with a 3rd generation EGFR TKI (e.g., osimertinib). Enrollment in HARMONi was completed in the second half of 2024, and top-line results were announced in May of 2025, with detailed results provided in September 2025.

HARMONi-3 is a Phase III clinical trial which is intended to evaluate ivonescimab combined with chemotherapy compared to pembrolizumab combined with chemotherapy in patients with first-line metastatic, squamous or non-squamous NSCLC, irrespective of PD-L1 expression.

HARMONi-7 is a Phase III clinical trial which is intended to evaluate ivonescimab monotherapy compared to pembrolizumab monotherapy in patients with first-line metastatic NSCLC whose tumors have high PD-L1 expression.

HARMONi-GI3 is a planned Phase III clinical trial evaluating ivonescimab in combination with chemotherapy compared with bevacizumab plus chemotherapy in patients with first-line unresectable metastatic CRC.

In addition, Akeso has recently had positive read-outs in three single-region (China), randomized Phase III clinical trials for ivonescimab in NSCLC: HARMONi-A, HARMONi-2, and HARMONi-6.

HARMONi-A was a Phase III clinical trial which evaluated ivonescimab combined with chemotherapy compared to placebo plus chemotherapy in patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with an EGFR TKI.

HARMONi-2 is a Phase III clinical trial evaluating monotherapy ivonescimab against monotherapy pembrolizumab in patients with locally advanced or metastatic NSCLC whose tumors have positive PD-L1 expression.

HARMONi-6 is a Phase III clinical trial evaluating ivonescimab in combination with platinum-based chemotherapy compared with tislelizumab, an anti-PD-1 antibody, in combination with platinum-based chemotherapy in patients with locally advanced or metastatic squamous NSCLC, irrespective of PD-L1 expression.

Akeso is actively conducting multiple Phase III clinical studies in settings outside of NSCLC, including biliary tract cancer, colorectal cancer, breast cancer, pancreatic cancer, small cell lung cancer, and head and neck cancer.

Ivonescimab is an investigational therapy that is not approved by any regulatory authority in Summit’s license territories, including the United States and Europe. Ivonescimab was initially approved for marketing authorization in China in May 2024. Ivonescimab was granted Fast Track designation by the US Food & Drug Administration (FDA) for the HARMONi clinical trial setting.

(Press release, Summit Therapeutics, OCT 31, 2025, View Source [SID1234659216])