BioTheryX Announces First Patient Dosed with BTX-A51 in Phase 1 Clinical Trial in Patients with Advanced Solid Tumors

On June 9, 2021 BioTheryX, Inc., a clinical-stage company focused on degrading proteins to create life-saving medicines, reported the dosing of the first patient in a dose escalation clinical trial of BTX-A51 in advanced solid tumor malignancies that are dependent upon MYC, one of the most commonly known oncogenic drivers (Press release, BioTheryX, JUN 9, 2021, View Source [SID1234583789]). BTX-A51, the company’s lead multi-kinase inhibitor is also currently in a phase 1 dose escalation clinical trial for advanced hematological malignancies.

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"This is a significant milestone for BioTheryX, as we look to deliver a much-needed therapeutic option to patients with advanced solid tumor malignancies that are dependent upon MYC," said Robert Williamson, President and CEO of BioTheryX. "We are excited for the potential of BTX-A51 to provide a meaningful therapeutic option for patients and are working aggressively to advance our pipeline of molecular glues, PROTACs and monovalent degraders towards the clinic."

BTX-A51 is an oral small molecule, multi-kinase inhibitor designed to block a specific leukemic stem cell target (CK1α) as well as super enhancer targets (CDK7/CDK9) preventing transcription of key oncogenic genes. This therapeutic mechanism entails activation of p53, an important tumor suppressor, and its sustained stabilization by super-enhancer shutdown of MDM2, a protein degrader of p53, in combination with transcriptional shutdown of leukemia oncogenes, such as MYC and MCL-1. Blocking CKIα, CDK7, and CDK9 augments and synergistically stabilizes p53 and downregulates MYC and MCL-1 promoting the rapid killing of leukemia cells as well as leukemic stem cells. Pre-clinical results have been published in a peer-reviewed Cell article, demonstrating BTX-A51’s favorable efficacy in animals.

"In the fight against solid tumor cancers, which have extremely poor survival rates and limited treatment options, clinical trials with new therapies are desperately needed," added Zung Thai, M.D., Ph.D., Chief Medical Officer of BioTheryX. "We are excited to be initiating the dose escalation portion of this study and progressing to the selection of the Phase 2 dose."

BioTheryX’s Phase 1 clinical trial of BTX-A51 is currently ongoing and recruiting patients. The clinical trial is designed to assess the safety and tolerability of BTX-A51 and to determine the recommended Phase 2 dose. Following determination of the recommended Phase 2 dose, we plan to further evaluate the safety and efficacy of BTX-A51 in expansion cohorts in both hematological and solid tumor malignancies.

Molecular Partners Announces Launch of American Depositary Shares (ADS) Offering in the United States

On June 9, 2021 Molecular Partners AG (SIX: MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin therapeutics, reported that it has commenced an initial public offering in the United States of 3,000,000 American Depositary Shares ("ADSs") pursuant to a registration statement on Form F-1 (File No. 333-255447), as amended, that has been filed with the U.S. Securities and Exchange Commission (the "Offering") (Press release, Molecular Partners, JUN 9, 2021, View Source [SID1234583774]). In connection with the Offering, Molecular Partners expects to grant the underwriters a 30-day option to purchase additional ADSs of up to 15% of the total number of ADSs placed in the Offering (i.e. up to 450,000 additional ADSs). Each ADS will represent one Molecular Partners ordinary share. The new ordinary shares underlying the ADSs will be issued from Molecular Partners’ authorized capital under exclusion of the existing shareholders’ pre-emptive rights. The terms of the Offering have not been determined, and the Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering.

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The number of ADSs to be offered and the price for the ADSs in the proposed Offering will be determined on the pricing date (expected for the week of June 14, 2021). The final price of the offered ADSs will be determined largely on the basis of the closing price of Molecular Partners’ shares on the Swiss Stock Exchange on the pricing date translated into U.S. dollars at the then prevailing exchange rate and using an ADS to share ratio of one to one. Application has been made to list the ADSs on the Nasdaq Global Market in the United States under the ticker symbol "MOLN" and the new ordinary shares underlying the ADSs on the SIX Swiss Exchange ("SIX"). The new shares will rank pari passu with Molecular Partners’ existing shares which are already listed on the SIX pursuant to the International Reporting Standard.

J.P. Morgan, SVB Leerink and Cowen are acting as joint book-running managers for the proposed offering. RBC Capital Markets is acting as the bookrunner for the proposed offering. Kempen & Co is acting as the lead manager for the proposed offering.

The securities referred to in this release are to be offered only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained, when available, for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at 1-800-808-7525, ext. 6105, or by e-mailing [email protected]; Cowen and Company, LLC (c/o Broadridge Financial Services), 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by telephone at (833) 297-2926 or by email at [email protected].

A registration statement on Form F-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. In connection with the listing of the ordinary shares on the SIX, the registration statement on Form F-1, once declared effective, constitutes a foreign prospectus within the meaning of article 54 paras. 2 and 3 of the Swiss Financial Services Act of June 15, 2018 ("FinSA") and article 70 paras. 2-4 of the Swiss Financial Services Ordinance of November 6, 2019 ("FinSO").

This press release shall 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. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of Molecular Partners in or into Switzerland within the meaning of FinSA.

EORTC in the spotlight at ASCO 2021

On June 9, 2021 EORTC reported that studies were well-represented at this year’s ASCO (Free ASCO Whitepaper) conference, which took place from 4 – 8 June. Seven abstracts were accepted, four for oral presentation, two as posters, and one for online publication (Press release, EORTC, JUN 9, 2021, View Source [SID1234583742]). "This is an impressive confirmation of the high quality and clinical importance of our international, patient-centred, academic trials," said EORTC Director General Dr Denis Lacombe.

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Two oral presentations on Sunday described new results from trials in melanoma and in breast cancer. In the first, Professor Alexander Eggermont presented data from the Phase 3 double-blind KEYNOTE trial, which evaluated pembrolizumab vs. placebo in stage III cutaneous melanoma patients with complete resection of lymph nodes. A subgroup of patients in the trial who had had a recurrence or crossed over from placebo were evaluated and followed as integral part 2 of the protocol. For the 155 patients who crossed over from placebo the 3-Year PFS rate was about 32% and the median PFS was 8.5 months. The 1-Year PFS rate for rechallenged patients was 4 months. The outcome of Pembrolizumab after cross over is in line with previous findings. Treatment activity for re-challenged patients is low.

The second, from Dr Josephine Lopes Cardozo, presented findings on the outcome of patients with an ultra-low risk 70 gene signature in the MINDACT trial. Of the 6,693 breast cancer patients enrolled in the trial, genomic profiling revealed that 1,000 of them were at ultra-low risk of distant recurrence. These patients were followed up for over eight years and results showed the accuracy of the prognosis. They had a breast cancer specific survival of 99.6% regardless of their clinical risk status, and an eight-year distant metastasis-free interval of 97.6%. This result implies that they may be candidates for a further de-escalation of treatment, with a reduction in side effects, the researchers say.

Monday saw an oral presentation of a study on newly diagnosed glioblastoma from Dr Patrick Roth, in which 749 newly diagnosed patients were randomised to receive the standard postoperative treatment of radiotherapy plus temozolomide chemotherapy, or standard treatment plus marizomib. Marizomib is a novel pan-proteasome inhibitor that has had encouraging results in Phase I and II studies. Enrolment started in June 2018 and was intended to include 750 patients, but was halted in September 2020 on the recommendation of the independent data monitoring committee. Results showed that the addition of marizomib to standard treatment did not improve either progression-free or overall survival, and that adverse events, particularly psychiatric and neurotoxicities, were higher in those who received it.

Tuesday’s oral presentation was from Professor Silke Gillessen, who reported on a study of the use of enzalutamide alone or in combination with Radium 223 (RA223) in asymptomatic or mildly symptomatic castration-resistant prostate cancer patients, together with the effect of bone-protecting agents (BPAs). Skeletal fractures are a common adverse effect of systemic treatment for advanced prostate cancer, and as a result, BPAs have recently been recommended. 136 patients randomized after mandating BPAs are part of the safety analysis. At one year without BPA, those in the enzalutamide alone group had a 15.6% risk of fracture, and those in the combined group 37.1%, whereas for those who had received a BPA the risks were almost abolished – 2.6% and 2.7% respectively. The results confirm the importance of using BPAs in these patents, say the researchers.

Two posters from EORTC sarcoma trials also featured at the conference. In the first, Dr Rick Haas and colleagues reported on quality assurance results from the STRASS trial, which looked at the impact of the addition of neoadjuvant radiotherapy to surgery alone in patients with retroperitoneal sarcoma. Radiotherapy was the experimental treatment in the trial, and therefore a quality assurance analysis was important to identify and correct potential deviations from the protocol. The researchers found that over 75% of patients had compliant radiotherapy plans, and that this had significant benefit in terms of abdominal recurrence-free survival as well as overall survival as opposed to the non radiotherapy compliant group. The researchers believe that it is the first quality assurance evaluation of a Phase III sarcoma trial and shows the benefit of quality assurance analyses in radiotherapy.

In a second poster, Dr Roberta Sanfilippo and colleagues presented results from a Phase II trial of cabazitaxel in patients with metastatic or inoperable locally advanced dedifferentiated liposarcoma. The study was devised to examine whether capazitaxel demonstrated sufficient anti-tumour activity in these patients to warrant further investigation in a Phase III trial. Eligible patients were treated with cabazitaxel infusions over one hour every 21 days. Out of the 38 patients enrolled, 21 were progression-free after 12 weeks of treatment. The results of the trial confirm the activity of cabazitaxel, say the researchers, and merit further investigation.

Finally, an abstract published online reports on a mapping exercise carried out by Mrs. Claire Piccinin and colleagues, who set out to link items In the EORTC patient-reported outcomes library with their clinical adverse event equivalents. Analysis showed that the EORTC library provides broad coverage of the common terminology criteria for adverse events (CTCAE) symptomatic toxicities, along with other issues such as emotional wellbeing. Therefore, use of the EORTC library can be complementary to CTCAE and classifying patient-reported outcomes following the CTCAE clinical framework will facilitate the use of patient-reported outcomes in trials and clinical care in the future, they say.

"These studies, which have brought together researchers from countries worldwide, have the potential to improve patient care in a significant fashion and to inform practice. We hope that their presentation at the world’s largest oncology conference will contribute to advancing knowledge in oncology" said Dr Lacombe.

Medigene AG: Medigene presents compelling in vivo data for use of PD1-41BB-enhanced TCR-T cells against solid tumors

On June 9, 2021 Medigene AG (Medigene, FSE: MDG1, Prime Standard), a clinical stage immuno-oncology company focusing on the development of T cell immunotherapies, reported that compelling new pre-clinical data on its lead T cell receptor (TCR) candidate "TCR-4" targeting solid tumors combined with its PD1-41BB switch receptor to overcome the highly immunosuppressive solid tumor microenvironment (Press release, MediGene, JUN 9, 2021, https://www.pressetext.com/news/20210609044 [SID1234583776]). The data underpins Medigene’s decision to advance TCR-4 in PRAME-positive cancer.

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The presentations are being made as part of the TCR-based Therapies Summit, a Digital Event being held 8-10 June 2021. Both the presentation and the poster can be found on Medigene’s website: View Source

TCR-4 which specifically targets the PRAME cancer antigen in the context of HLA-A2 was combined with Medigene’s lead functional T cell enhancer, the PD1-41BB switch receptor, and evaluated pre-clinically against a set of key performance hurdles to determine safety and efficacy.

The safety of the TCR-T cells carrying both TCR-4 and PD1-41BB was demonstrated in vitro. There was no off-target toxicity: cells which did not express the target antigen PRAME, including a panel of normal healthy tissues (such as lung, bone, heart and kidney among others), were not killed. Furthermore, no toxicity was observed against HLA-A2 negative cells.

TCR-T cells carrying both TCR-4 and PD1-41BB demonstrated enhanced anti-cancer efficacy both in vitro and in vivo. In vitro, they were functionally more active against tumor cells expressing the PRAME target, producing increased levels of key cytokines (messenger molecules) and improving the sustainability of repeated killing activity. The improved performance was echoed in vivo. We had previously shown that TCR-T cells with TCR-4 alone were sufficient to eliminate PD-L1 negative melanoma tumors in vivo (AACR 2021). The new data come from a more challenging in vivo model of aggressively growing, PD-L1 positive melanoma and show that only TCR-T cells carrying the combination of both TCR-4 and PD1-41BB could eliminate tumors with these highly immunosuppressive characteristics.

Dolores Schendel, Chief Executive Officer and Chief Scientific Officer at Medigene: "Tumors expressing PD-L1 are highly immunosuppressive making them the most challenging solid cancers in medicine. The results we have presented show the exquisite specificity and compelling functional potency of our enhanced TCR-T cells carrying the TCR-4 plus PD1-41BB combination against aggressively growing PRAME positive, PD-L1 positive solid tumor cells. This data gives Medigene the critical evidence it needs to select this impressive product candidate for further development towards clinical trials."

Lineage Cell Therapeutics Set to Join Russell 3000® Index and Russell Microcap® Index

On June 9, 2021 Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, reported that it is set to join the broad-market Russell 3000 Index as well as the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021, according to a preliminary list of additions posted on June 4, 2021, by FTSE Russell, a leading global index provider (Press release, Lineage Cell Therapeutics, JUN 9, 2021, View Source [SID1234583743]).

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Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"Lineage’s inclusion on the preliminary list of additions to the Russell 3000 Index and the Russell Microcap Index reflects progress we have made to establish ourselves as a leader in cell therapy and regenerative medicine," stated Brian M. Culley, Lineage’s CEO. "During the past year, we have delivered significant clinical, manufacturing, and business milestones which have created considerable value for our shareholders, and we intend to be diligent in our efforts to benefit from the explosive growth we believe the field of cell therapy will experience in the months and years ahead. We believe our inclusion in the Russell indexes will help broaden awareness of Lineage’s corporate mission and objectives among a wider audience of investors and help drive an increase in the liquidity of our stock."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell.