Pulmatrix Announces Closing of $40 Million Registered Direct Offering

On February 16, 2021 Pulmatrix, Inc. (NASDAQ: PULM), a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE technology, reported that it has closed its previously announced registered direct offering with certain healthcare-focused institutional investors for the sale of 20,000,000 shares of its common stock for gross proceeds of $40,000,000, prior to deducting placement agent’s fees and other offering expenses (Press release, Pulmatrix, FEB 16, 2021, View Source [SID1234575113]).

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H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The shares of common stock were offered by Pulmatrix pursuant to a "shelf" registration statement on Form S-3 (File No. 333-230225) previously filed with the Securities and Exchange Commission (the "SEC") on March 12, 2019 and declared effective by the SEC on March 15, 2019. A prospectus supplement dated February 11, 2021 and the accompanying prospectus relating to and describing the terms of the registered direct offering was filed with the SEC on February 16, 2021. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC’s website at or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (646) 975-6996 or e-mail at .

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

ENHERTU® ▼ (TRASTUZUMAB DERUXTECAN) AUTHORISED IN THE UK FOR THE TREATMENT OF HER2 POSITIVE METASTATIC BREAST CANCER

On February 16, 2021 Daiichi Sankyo UK, Limited (hereafter, Daiichi Sankyo) and AstraZeneca UK reported its Enhertu (trastuzumab deruxtecan) has been granted conditional authorisation in the UK as a monotherapy for the treatment of adult patients with unresectable or metastatic HER2 positive breast cancer who have received two or more prior anti-HER2 based regimens (Press release, Daiichi Sankyo, FEB 16, 2021, View Source [SID1234575132]).

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In the UK, almost 54,000 cases of breast cancer in women are diagnosed annually, with an estimated one in five cases being HER2 positive.1,2,3 The impact of the disease is significant, with breast cancer responsible for approximately 12,000 deaths per year.1 There are an estimated 35,000 people living with metastatic breast cancer in the UK, and in around 5% of women the breast cancer has already spread by the time it is diagnosed.4

"One in five women with breast cancer have HER2 positive disease. Though significant treatment advances have been made, there has been no clear standard of care for patients with metastatic HER2 positive disease following progression on first and second-line treatment and many patients do not have a durable response to other available later-line treatment options," said Dr Rebecca Roylance, Consultant Medical Oncologist, UCLH. "The authorisation of trastuzumab deruxtecan by the MHRA and EMA brings a new treatment option to patients and their doctors in the UK."

Authorisation is based on the results of the single arm, phase 2 DESTINY-Breast01 trial of trastuzumab deruxtecan (5.4 mg/kg) in 184 patients with HER2 positive metastatic breast cancer. Results from the data cut-off in June 2020 demonstrated a confirmed objective response rate of 61.4% (95% CI: 54.0-68.5), including a 6.5% complete response rate and a 54.9% partial response rate. After a median follow-up of 20.5 months, the median duration of response (DoR) was 20.8 months (95% CI: 15.0-NR).5 Trastuzumab deruxtecan showed a generally tolerable safety profile with 33 (17.9%) treatment discontinuations due to treatment-emergent adverse events.6

"Trastuzumab deruxtecan offers an important new option for patients with HER2 positive metastatic breast cancer in the UK who are in need of new treatment options after their cancer has progressed beyond both 1st and 2nd line therapy," said Haran Maheson, Commercial Director for Oncology, Daiichi Sankyo U.K. "This authorisation by the MHRA and EMA is the first for a medicine using our proprietary Dxd antibody drug conjugate technology and highlights the strength of the Daiichi Sankyo and AstraZeneca collaboration. We will now work closely in partnership with the MHRA to fulfil all regulatory requirements before stock can be available in the UK."

"The DESTINY-Breast01 trial showed a duration of response not previously seen in patients after progression on 1st and 2nd line treatment," said Arun Krishna, Head of Oncology, AstraZeneca U.K. "Trastuzumab deruxtecan is an important new treatment option for patients at this stage of care and will shift clinical discussions towards a focus on targeted treatment. This is the first new cancer medicine to be authorised by the MHRA in 2021 and our focus now is on securing access for NHS patients as quickly as possible."

The safety of trastuzumab deruxtecan has been evaluated in a pooled analysis of 234 patients with unresectable or metastatic HER2 positive breast cancer who received at least one dose of trastuzumab deruxtecan 5.4 mg/kg in clinical studies. The median duration of exposure to trastuzumab deruxtecan was 9.8 months (range: 0.7 to 37.1 months). The most common adverse reactions were nausea (79.9%), fatigue (60.3%), vomiting (48.7%), alopecia (46.2%), constipation (35.9%), decreased appetite (34.6%), anaemia (33.8%), neutropenia (32.5%), diarrhoea (30.8%), thrombocytopenia (23.1%), cough (21.4%), leukopenia (20.5%), and headache (20.1%).5

Cases of interstitial lung disease (ILD) or pneumonitis were reported in 15.0% (n=234) of patients. Fatal outcomes were observed in 3% of patients. Patients should be advised to immediately report cough, dyspnoea, fever, and/or any new or worsening respiratory symptoms. Patients should be monitored for signs and symptoms of ILD or pneumonitis and those with suspected ILD or pneumonitis should be evaluated by radiographic imaging, preferably a computed tomography (CT) scan. Patients with a history of ILD or pneumonitis may be at increased risk.5

Appraisals of trastuzumab deruxtecan by the National Institute of Health and Care Excellence and the Scottish Medicines Consortium are currently underway and NHS access decisions are expected later in 2021.

About HER2 positive breast cancer
HER2 is an epidermal growth factor receptor expressed on the surface of many types of tumours including breast cancer. HER2 overexpression may be associated with a specific HER2 gene alteration known as HER2 amplification and is often associated with aggressive disease and poor prognosis in breast cancer.7

There remain significant unmet clinical needs for patients with HER2 positive metastatic breast cancer, since the disease remains incurable with patients eventually progressing after currently available treatment options.8,9

About DESTINY-Breast01
DESTINY-Breast01 is a phase 2, single-arm, open-label, global, multicentre, two-part trial evaluating the safety and efficacy of trastuzumab deruxtecan in patients with HER2 positive unresectable and/or metastatic breast cancer who had received two or more prior anti-HER2-based regimens, including trastuzumab emtansine (100%), trastuzumab (100%), and pertuzumab (65.8%). The primary endpoint of the trial is confirmed objective response rate, as determined by independent central review. Key secondary objectives were the disease control rate, clinical-benefit rate, duration of response and progression-free survival and safety.

About trastuzumab deruxtecan
Trastuzumab deruxtecan is a HER2 directed antibody drug conjugate (ADC). Designed using Daiichi Sankyo’s proprietary DXd ADC technology, trastuzumab deruxtecan is the lead ADC in the oncology portfolio of Daiichi Sankyo and the most advanced programme in AstraZeneca’s ADC scientific platform.

ADCs are targeted cancer medicines that deliver cytotoxic chemotherapy (‘payload’) to cancer cells via a linker attached to a monoclonal antibody that binds to a specific target expressed on cancer cells. Trastuzumab deruxtecan is comprised of a humanised anti-HER2 IgG1 monoclonal antibody with the same amino acid sequence as trastuzumab attached to a topoisomerase I inhibitor payload, an exatecan derivative, via a tetrapeptide-based cleavable linker.

Trastuzumab deruxtecan (5.4 mg/kg) has also been granted conditional approval in the EU, under accelerated approval, as a monotherapy for the treatment of adult patients with unresectable or metastatic HER2 positive breast cancer who have received two or more prior anti-HER2 based regimens based on the DESTINY-Breast01 trial.

About the collaboration between Daiichi Sankyo and AstraZeneca
Daiichi Sankyo and AstraZeneca entered into a global collaboration to jointly develop and commercialise trastuzumab deruxtecan in March 2019, except in Japan where Daiichi Sankyo maintains exclusive rights. Daiichi Sankyo is responsible for the manufacturing and supply of trastuzumab deruxtecan.

ESSA Pharma Announces Proposed Public Offering of Common Shares

On February 16, 2021 ESSA Pharma Inc. ("ESSA", or the "Company") (Nasdaq: EPIX), a clinical-stage pharmaceutical company focused on developing novel therapies for the treatment of prostate cancer, reported that it has commenced an underwritten public offering of up to $100,000,000 of its common shares (the "Offering") (Press release, ESSA, FEB 16, 2021, View Source [SID1234575149]). ESSA intends to use the net proceeds of the Offering for pre-clinical and clinical activities, chemistry, manufacturing and controls, research and development, as well as working capital and general corporate purposes. In connection with the Offering, ESSA expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the common shares offered in the Offering (the "Option"). All common shares to be sold in the Offering will be offered by ESSA. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or the actual size or terms of the Offering.

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Jefferies and Piper Sandler are acting as joint book-running managers for the Offering. Oppenheimer & Co. is acting as lead manager for the Offering and Bloom Burton Securities Inc. is acting as co-manager for the Offering.

The securities described above are being offered by ESSA in the United States pursuant to a shelf registration statement on Form S-3 (File No. 333-250971) that was previously filed by ESSA with the Securities and Exchange Commission (the "SEC") and became effective on December 29, 2020 and in Canada pursuant to ESSA’s Canadian short form base shelf prospectus (the "Canadian Base Shelf Prospectus") dated August 24, 2020 that was previously filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta and Ontario.

A preliminary prospectus supplement and accompanying prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at View Source A preliminary prospectus supplement to ESSA’s Canadian Base Shelf Prospectus will also be filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta and Ontario and will be available at View Source A copy of the preliminary prospectus supplement and accompanying prospectus can be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by e-mail at [email protected] or by telephone at (877) 547-6340; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at 800-747-3924 or by email at [email protected].

The Offering is subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Synlogic to Present at Upcoming Virtual Banking and Industry Conferences

On February 15, 2021 Synlogic, Inc. (Nasdaq: SYBX), a clinical stage company bringing the transformative potential of synthetic biology to medicine, reported that Aoife Brennan, M.B. Ch.B., Synlogic’s President and Chief Executive Officer, and other members of the executive team will present at the following virtual banking and industry conferences (Press release, Synlogic, FEB 15, 2021, View Source [SID1234575069]):

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BIO CEO & Investor Digital Conference: Dr. Brennan will have an on-demand presentation starting on Tuesday, February 16, 2021.
Cantor Fitzgerald Industry Panel: Dr. Brennan will present at 10:00 am on Thursday, February 18, 2021.
SVB Leerink 10th Annual Global Healthcare Conference: The Company will present at 5:00 pm on Thursday, February 25, 2021.
Cowen 41st Annual Health Care Conference: The Company will present at 9:10 am on Thursday, March 4, 2021.
H.C. Wainwright Global Life Sciences Conference: The Company will present at 4:00 pm on Tuesday, March 2, 2021.
Chardan’s 3rd Annual Microbiome Medicines Summit: The Company will present at 1:30 pm on Monday, March 8, 2021.
These are virtual events. A live webcast of the presentations, if available, can be accessed under "Event Calendar" in the Investors & Media section of the Company’s website. An archived copy of the webcast will be available on the Synlogic website for approximately 30 days after the event.

Sysmex Receives Approval for a Partial Change to the OncoGuide™ NCC Oncopanel System for Use in Cancer Genome Profiling(PDF?238KB)

On February 15, 2021 Sysmex Corporation (HQ: Kobe, Japan; Chairman and CEO: Hisashi Ietsugu) reported that on February 1, 2021, it received approval for a partial change to the manufacturing and marketing approval for the OncoGuide NCC Oncopanel System,1 a gene mutation analysis set for use in cancer genome profiling (the "System"), which was made as a result of an enhancement of the System’s functions, including an expanded scope of detectable gene mutations (Press release, Sysmex, FEB 15, 2021, View Source [SID1234575070]). With this change, it has become possible to detect mutations and copy number alterations of 124 genes, fusions 2 of 13 genes, and microsatellite instability3 (MSI), up from the mutations and copy number alterations of 114 genes before. These enhancements allow for more detailed gene information that aids in cancer diagnosis and treatment and selection of anti-cancer drugs. The System also detects germline variants4 of all 124 genes for reference purposes and provides them as part of the results.

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Since receiving manufacturing and marketing approval in December 2018, the System has been introduced into clinical settings to perform tests that provide information useful in determining treatment methods, including diagnosis and the selection of anti-cancer drugs. Capable of obtaining comprehensive cancer genome profiles by measuring 114 cancer-related genes in tumor tissues for analysis of all solid tumors, the System has been instrumental in analyzing mutations of cancerspecific genes. Meanwhile, there is a pressing need for a technique that more accurately monitors gene mutations associated with existing cancers and expands the number of detectable genes in pursuit of more comprehensive cancer genome profiling. This would allow for greater diagnostic accuracy and the selection of anti-cancer drugs with higher efficacy.

On February 1, 2021, Sysmex received approval for a partial change to the manufacturing and marketing approval of the System, regarding the enhancement of its functions, including greater scope of detectable gene mutations. With this enhancement, it has become possible to detect the fusions of 13 genes, including the NTRK3 gene,5 which is detected in a tumor-agnostic manner, as well as mutations of 124 genes, regardless of fusion partners. Detection of MSI has also been made possible, as it appears to be related to abnormalities in the ability to repair DNA and thus serves as evidence that cancer is likely to occur. The System also detects germline variants of all 124 genes for reference purposes and provides them as part of the results of the matched-pairs test6 that the System performs using tumor and nontumor tissues (blood). It is expected that these additional functions will make it easier to select drugs targeting patientspecific mutations and improve treatment outcomes.

RIKEN Genesis Co., Ltd., a subsidiary of Sysmex that provides cancer genome profiling lab-assay services, aims to promptly commence genetic testing using the System with the additional functions included in this approval.

Sysmex remains committed to contributing to the development and advancement of personalized healthcare by working to increase testing opportunities for patients and creating high-value-added testing and diagnosis technologies.

Product Overview Generic name: Gene mutation analysis set (for use in cancer genome profiling)
Name: OncoGuide NCC Oncopanel System (In vitro diagnostic medical device registration number: 23000BZX00398000 / Obtained on: December 25, 2018)
Manufacturer and seller: Sysmex Corporation
Target market: Japan
Target institutions: Medical institutions that have in place diagnostic systems appropriate for cancer genome profiling

Overview of the application for approval of partial change-Addition of a gene panel for analysis (from 114 genes to 124 genes)
-Addition of a function to detect microsatellite instability (MSI)
-Version upgrade of software as a result of the improvement to the OncoGuide NCC Oncopanel Analysis Program
-Partial change to the composition of the OncoGuide NCC Oncopanel Kit
-Extension of expiry dates of the OncoGuide NCC Oncopanel Kit (from nine months to 12 months) Approval obtained: February 1, 2021.

Reference
Press release dated December 25, 2018: "Sysmex Receives Manufacturing and Marketing Approval to Use the OncoGuide NCC Oncopanel System in Cancer Genome Profiling" View Source

Press release dated February 21, 2019: "Commencement of Assay Service Using the OncoGuide NCC Oncopanel System in Cancer Genome Profiling" View Source

Press release dated May 31, 2019: "The OncoGuide NCC Oncopanel System Receives Insurance Coverage for Use in Cancer Genome Profiling" View Source Press release dated April 1, 2020: "Advanced Medical Care Approval for Cancer Gene Panel Testing at the Time of Initial Treatment" View Source

Terminology
1 OncoGuide NCC Oncopanel System: On December 25, 2018, Sysmex received manufacturing and marketing approval for the System as Japan’s first medical device for cancer genome profiling under the Ministry of Health, Labour and Welfare’s Sakigake Designation system. This combination medical device was subsequently covered under the NHI as of June 1, 2019. NHI coverage for D006-19 cancer genome profiling using the System includes patients with solid tumors for which no standard treatment exists and patients with solid tumors confirmed to have spread locally or metastasized (including patients for whom treatment is expected to conclude). Coverage is limited to cases in which the attending physician determines the potential for applying chemotherapy following this testing is high, based on chemotherapy guidelines from related societies and the patient’s general status and organ function. Its utility at the time of initial treatment was assessed in the study which was applied as Advanced Medical Care as described in the press release dated April 1, 2020.

2 Gene fusion: A type of mutation where one gene (Gene A) fuses with another to behave as a single gene. Gene A fuses with various genes, but the System can detect the fusion of Gene A, regardless of the types of genes that fuse with Gene A.

3 Microsatellite instability (MSI): A phenomenon where repeated sequences called "microsatellites", short nucleotide repeats (from one to several bases per unit) in genomic DNA display a different number of repetitions in tumor tissues than in non-tumor (normal) tissues, due to malfunctions of the mismatch repair system that may occur during DNA replication.

4 Germline variants: Natural genetic variants involved in cancer risk or hereditary disorders.

5 NTRK3 gene: A gene that produces the protein involved in the differentiation and maintenance of neurons. It is believed that cancer is likely to occur when unnecessary cells multiply as abnormal proteins are produced by the NTRK fusion gene (the NTRK gene fusing with various other genes).
6 Matched-pairs test: A test that simultaneously sequences DNA from tumor tissues of a patient with solid cancer and non-tumor tissues (blood) of the same patient. Performed to confirm (for secondary findings) genetic mutations (variants) that may be determined as pathological, and unrelated to the primary purpose for testing.