Two Decades of Pioneering Innovation in CML and Beyond

On May 28, 2021 Novartis reported that it received approval from the US Food and Drug Administration (FDA) for the first targeted therapy for cancer, known as a tyrosine kinase inhibitor (TKI) (Press release, Novartis, MAY 28, 2021, View Source [SID1234583265]). This was a watershed moment in drug discovery, transforming the treatment landscape for chronic myeloid leukemia (CML), and opening the door to reimagining possibilities for other forms of cancer and blood disorders.

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The development of the first TKI was an unlikely success story. Back in the 1950s, scientists had a limited understanding of cancer, and specifically, how genes influence the disease. Nevertheless, research was intensified over the next few years, with hopes that the emerging understanding of genomics could bring forth lasting change. One particular gene, discovered by Drs Peter Nowell and David Hungerford from Philadelphia, was identified as a common factor in patients with CML. Soon after, it was learned that this gene, dubbed as the Philadelphia chromosome, was also the root cause of a faulty tyrosine kinase protein that was directly responsible for the blood cancer.

In the decades following Nowell and Hungerford’s discovery, Novartis had started to look more closely into this class of proteins. We collaborated with scientists and clinicians, including Dr Brian Druker, researcher at Oregon Health and Science University. It was Dr Druker who suggested that Novartis explore ways of developing a molecule with the ability to inhibit the faulty kinase – a drug that would target this disease trigger, different than the therapies available at that time. There was a pressing need; CML was a fatal disease and in the mid-1970s, the estimated five-year survival rate was only 22%.

I had one goal at the time – to find a company that had an inhibitor for BCR-ABL and to bring it into the clinic.

Brian Druker, MD, Director, Knight Cancer Institute at Oregon Health & Science University
What Came After
This milestone approval helped evolve treatment goals in CML and demonstrated Novartis’ commitment to research and innovation.

Looking Ahead: A bold Pursuit
Today, the five-year survival rate for patients with CML is estimated above 70%. Despite important advancements in CML care over the past 20 years, cancer and serious blood disorders are a devious enemy, and one breakthrough is not enough. Significant unmet needs still remain, particularly for patients in later lines of CML, who have experienced resistance or intolerance to available treatments. That’s why Novartis won’t stop in the continuous pursuit of bold science and striving to transform the lives of patients with CML.

At Novartis, we are relentless in the pursuit of cutting-edge medicines, from targeted therapies to treatments that harness the immune system and beyond. Like with CML, we must continue to take a bold approach with science to tackle some of the toughest-to-treat diseases and seek solutions for incredibly challenging public health issues facing our society today.

Novartis is a company for science and innovation. We have a big vision as a company, and that is to reimagine medicine – that is what we strive for. If you really want to change something, you must be bold and have the courage to take risks.

Susanne Schaffert, PhD, President of Novartis Oncology
With a heritage in developing transformative, first-in-class therapies for blood disorders, we open our minds to all scientific possibilities and reach further for new and different endpoints in hematologic diseases.

Large-scale Lung Cancer Clinical Study Demonstrates Accuracy and Sensitivity of Fluxion’s ERASE-Seq Liquid Biopsy

On May 28, 2021 Fluxion Biosciences reported the publication of a paper on ERASE-Seq liquid biopsy with molecular amplification pools (MAPs) (Press release, Fluxion Biosciences, MAY 28, 2021, View Source [SID1234583281]). The paper, "Sensitivity, specificity, and accuracy of a liquid biopsy approach utilizing molecular amplification pools", published in Nature Scientific Reports on May 24, is co-authored by researchers at Fluxion and the Hospices Civils de Lyon Cancer Institute. Data showed the ERASE-Seq/MAPs approach to have a 98.8% concordance to the benchmark droplet digital PCR (ddPCR) approaches.

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Liquid biopsies offer the potential to improve treatment of cancer by providing affordable, non-invasive detection of actionable cancer mutations from a blood sample. However, the relative abundance of cancer DNA in blood is extremely low, limiting test sensitivity. Recent studies demonstrate good concordance between liquid biopsies when the cancer DNA exceeds 1% allele fraction (AF), but concordance falls off below 1% AF, where many variants are detected.

In this large-scale study, Fluxion’s ERASE-Seq approach was compared directly to benchmark ddPCR tests for EGFR variants that represent treatable biomarkers or indicate the onset of drug resistance mutations. Patient blood samples were drawn and split between the tests, allowing a direct, blinded head-to-head comparison for both sensitivity and specificity. ERASE-Seq demonstrated excellent concordance in the allele fraction of 0.05%-1%, where other sequencing-based liquid biopsies have reduced performance.

"Although ERASE-Seq is a sequencing-based test, it provides levels of sensitivity normally only associated with droplet digital PCR (ddPCR), an analytical technique that is considered the gold standard for sensitivity. ERASE-Seq can test for thousands of variants in a single sample, where ddPCR is limited to only a few variants per test, which means ERASE-Seq can assay many more actionable markers in one test. This is one of the largest liquid biopsy concordance studies ever conducted, and we’re excited to see that ERASE-Seq performs at this level," Fluxion CEO Jeff Jensen explains.

Fluxion offers Spotlight liquid biopsy panels utilizing the ERASE-Seq variant caller, with panels available for pan-cancer, myeloid, TP53, and others. Additionally, ERASE-Seq is easily incorporated with custom-designed panels based on user-selected genomic targets.

Aptose to Hold Corporate Update Friday, June 11th

On May 27, 2021 Aptose Biosciences Inc. ("Aptose") (NASDAQ: APTO, TSX: APS), a clinical-stage company developing highly differentiated therapeutics targeting the underlying mechanisms of cancer, reported that the company management team will provide a corporate update for the investment community on Friday, June 11th, at 8:00 AM ET, in conjunction with participation at the EHA (Free EHA Whitepaper)2021 Virtual Congress (Press release, Aptose Biosciences, MAY 27, 2021, View Source [SID1234580666]). The event will include an up-to-date review of clinical data available for Aptose’s clinical programs: luxeptinib (CG-806), Aptose’s oral, first-in-class FLT3 and BTK kinase inhibitor in two Phase 1 a/b trials, one in patients with relapsed or refractory acute myeloid leukemia (AML) and another in patients with relapsed or refractory B cell malignancies; and APTO-253, a first-in-class small molecule MYC repressor in a Phase 1 a/b trial in patients with relapsed or refractory AML or high risk myelodysplastic syndromes (MDS).

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Aptose Corporate Update Details

Date & Time: Friday, June 11th, 8:00 AM ET

Participant Webcast Link: LINK

The slides will be available on Aptose’s website here and a recording of the presentation will be archived shortly after the conclusion of the event.

Early clinical data for luxeptinib (CG-806) and APTO-253 also will be presented in posters at the EHA (Free EHA Whitepaper)2021 Virtual Congress, to be held virtually June 9 – 17, 2021. All e-posters will be made available in the Virtual Congress platform on Friday, June 11 at 09:00 CEST / 03:00 ET. The posters also will be available on the presentations page of Aptose website here.

Poster Presentation Details

Title: A Phase 1a/b dose escalation study of the mutation agnostic BTK/FLT3 inhibitor luxeptinib (CG-806) in patients with relapsed or refractory B cell malignancies
Topic: Chronic lymphocytic leukemia and related disorders – Clinical
Final Abstract Code: EP643
Poster Date & Time: Friday, June 11 at 09:00 CEST

Title: A Phase 1a/b dose escalation study of the MYC repressor APTO-253 in patients with relapsed or refractory AML or high-risk MDS
Topic: Acute myeloid leukemia – Clinical
Final Abstract Code: EP452
Poster Date & Time: Friday, June 11 at 09:00 CEST
Abstract Only

Title: A Phase 1a/b dose escalation study of the mutation agnostic BTK/FLT3 inhibitor luxeptinib (CG-806) in patients with relapsed or refractory acute myeloid leukemia
Topic: Acute myeloid leukemia – Clinical
Final Abstract Code: PB1391

Zealand Pharma launches long-term incentive program for Zealand’s US based Corporate Management for 2021

On May 27, 2021 Zealand Pharma A/S ("Zealand") (NASDAQ: ZEAL) (CVR-no. 20 04 50 78), a biotechnology company focused on the discovery, development and commercialization of innovative peptide-based medicines, reported the implementation of a new share-based long-term incentive program for Zealand’s US based Corporate Management, in accordance with Zealand’s Remuneration Policy as adopted at the annual general meeting held on 15 April 2021 (Press release, Zealand Pharmaceuticals, MAY 27, 2021, View Source [SID1234580684]). Zealand implemented the new incentive program to align with selected biotech peers, and is intended to drive long-term performance, align management’s and employees’ interests with those of Zealand’s shareholders, and support the attraction, retention, and motivation of first-rate executive talent.

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Accordingly, Zealand has awarded 32,363 restricted stock units ("RSUs") and 97,090 performance stock units ("PSUs") to the Corporate Management (split of 75% PSUs and 25% RSUs) that are employed by the US entity. The 2021 RSU grants vest annually in equal tranches over three years (from May 27, 2021 to May 27, 2024).

With respect to the PSUs;

50% of the PSUs vest based upon certain predefined operational goals that are required for Zealand to meet its strategic plans (such as clinical development or regulatory goals), and

50% of the PSUs vest based upon certain pre-defined market-based goals that encourage share performance against comparable companies (such as total shareholder return performance against Nasdaq Biotechnology Index).

Depending on the level of fulfillment of the goals the PSUs may vest between 0% and 150%.

For the financial year 2021, the total value of any share-based remuneration, including both RSUs and PSUs, cannot exceed 325% for other members of the Corporate Management at the time of grant.

The number of granted RSUs or PSUs may be adjusted by the Board of Directors due to e.g. changes in Zealand’s share capital structure or other significant events, subject to obtaining a calculation made by Zealand’s auditor or an independent third party.

Vested RSUs or PSUs entitle the holder to receive shares in Zealand at no cost, provided the holder’s continued employment throughout the vesting period. Each vested RSU equals one share in Zealand while PSUs convert into a number of shares equal to between 0% to 150% of the PSUs, depending on the achievement of the performance targets.

The grant of RSUs and PSUs under this program will have an estimated fair market value of DKK 24.8 million, based on each RSU having a fair value of DKK 191.60. The value of the RSUs is determined as the closing price of the Company’s share on Nasdaq Copenhagen A/S the day prior to the grant.

The LTIP will have no dilution effect on Zealand’s shareholders since Zealand intends to use treasury shares to meet its obligations to deliver shares under the incentive program.

Equivalent programs for the Danish Corporate Management were disclosed in press release 28/2021 on 12 May 2021.

IconOVir Bio to Present at Jefferies Healthcare Conference

On May 27, 2021 IconOVir Bio, Inc. (IconOVir), a preclinical-stage biotechnology company pioneering the next generation of oncolytic virus (OV) therapy to improve the treatment of patients with cancer, reported that Mark McCamish, M.D., Ph.D., President and Chief Executive Officer of IconOVir, will present a corporate overview at the Jefferies Healthcare Conference on Thursday, June 3, 2021 at 3:00 p.m. ET (12:00 p.m. PT) (Press release, IconOVir Bio, MAY 27, 2021, View Source [SID1234580717]).

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