TRACON Pharmaceuticals Announces Orphan Drug Designation for Envafolimab in Soft Tissue Sarcoma

On June 29, 2021 TRACON Pharmaceuticals (NASDAQ: TCON), a clinical stage biopharmaceutical company focused on the development and commercialization of novel targeted cancer therapeutics and utilizing a cost efficient, CRO-independent product development platform to partner with ex-U.S. companies to develop and commercialize innovative products in the U.S., reported that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to envafolimab, a novel, single-domain antibody against PD-L1, for the treatment of patients with soft tissue sarcoma following submission of an amended application that included Phase 1 clinical trial data from sarcoma patients treated with single agent envafolimab (Press release, Tracon Pharmaceuticals, JUN 29, 2021, View Source [SID1234584469]). Clinical trial data were submitted in response to an FDA request to provide data using envafolimab to treat patients with soft tissue sarcoma that demonstrated a therapeutic effect.

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The Orphan Drug Designation submission for envafolimab in sarcoma included clinical data demonstrating confirmed objective partial responses by RECIST with duration of response in excess of six months, in two of five patients with refractory metastatic alveolar soft part sarcoma (ASPS) who received single agent envafolimab in Phase 1 clinical trials conducted by TRACON’s partners 3D Medicines and Alphamab Oncology. Patients with undifferentiated pleomorphic sarcoma (UPS) or myxofibrosarcoma (MFS) were not treated as part of Phase 1 trials.

"The receipt of Orphan Drug Designation is one of multiple milestones we expect this year for envafolimab, including interim efficacy data from the pivotal ENVASARC trial in the second half of 2021," said Charles Theuer, M.D., Ph.D., President and CEO of TRACON. "The 40% response rate demonstrated by envafolimab in ASPS patients is similar to the 42% response rate reported by the National Cancer Institute in ASPS patients treated with the PD-L1 antibody Tecentriq, which is consistent with data in MSI-H colorectal cancer, suggesting that subcutaneously administered envafolimab is as active as approved intravenously administered PD-1 antibodies."

Orphan Drug Designation is granted by the FDA to drugs or biologics intended to treat a rare disease or condition, defined as one that affects fewer than 200,000 people in the United States. Programs with Orphan Drug status receive partial tax credit for clinical trial expenditures, waived user fees and eligibility for seven years of marketing exclusivity.

About Envafolimab

Envafolimab (KN035), a novel, single-domain antibody against PD-L1, is the first subcutaneously injected PD-(L)1 inhibitor to be studied in pivotal trials. Envafolimab is currently being studied in the ENVASARC Phase 2 pivotal trial in the U.S. sponsored by TRACON, has been studied in a completed Phase 2 pivotal trial as a single agent in MSI-H/dMMR advanced solid tumor patients in China and is being studied in an ongoing Phase 3 pivotal trial in combination with gemcitabine and oxaliplatin in advanced biliary tract cancer patients in China, with both Chinese trials sponsored by TRACON’s corporate partners, Alphamab Oncology and 3D Medicines. Alphamab Oncology and 3D Medicines submitted an NDA to the NMPA in China for envafolimab in MSI-H/dMMR cancer that was accepted for review in December 2020 and granted priority review in January 2021. In the Phase 2 MSI-H/dMMR advanced solid tumor trial, the confirmed objective response rate (ORR) by blinded independent central review in MSI-H/dMMR colorectal cancer (CRC) patients treated with envafolimab who failed a fluoropyrimidine, oxaliplatin and irinotecan was 32%, which was similar to the 28% confirmed ORR reported in the Opdivo package insert in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin, and irinotecan and the 33% confirmed ORR reported for Keytruda in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin and irinotecan in cohort A of the KEYNOTE-164 clinical trial.

About ENVASARC (NCT04480502)

The ENVASARC pivotal trial is a multi-center, open label, randomized, non-comparative, parallel cohort study at approximately 25 top cancer centers in the United States that began dosing in December 2020. TRACON expects the trial to enroll 160 patients with UPS or MFS who have progressed following one or two lines of prior treatment and have not received an immune checkpoint inhibitor, with 80 patients enrolled into cohort A of treatment with single agent envafolimab and 80 patients enrolled in cohort B of treatment with envafolimab and Yervoy. The primary endpoint is ORR by blinded independent central review with duration of response a key secondary endpoint.

Lilly Declares Third-Quarter 2021 Dividend

On June 29, 2021 The board of directors of Eli Lilly and Company (NYSE: LLY) (the "Board") reported that it has declared a dividend for the third quarter of 2021 of $0.85 per share on outstanding common stock (Press release, Eli Lilly, JUN 29, 2021, View Source [SID1234584486]).

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The dividend is payable on September 10, 2021 to shareholders of record at the close of business on August 13, 2021.

Defence therapeutics signs a collaboration agreement with the curie institute for testing the accum-t-dm1 adc therapeutic in pdx models of breast cancer

On June 29, 2021 Defence Therapeutics reported that the establishment of a collaboration with the Curie Institute (Paris, France) to evaluate the therapeutic efficacy of Accum-T-DM1 ADC in patient-derived xenograft (PDX) models of breast cancer (Press release, Defence Therapeutics, JUN 29, 2021, View Source [SID1234626243]).

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The Curie Institute is a worldwide renowned center engaged leader in fundamental and applied scientific research to better serve humankind in fighting illnesses such as cancer. Their scientific team has a wide expertise in the field of medical and experimental pharmacology with PDX models of cancer.

T-DM1 (Kadcyla) is currently used to treat women with metastatic HER2-positive breast cancer. The efficacy of the treatment remains limited due to sub-optimal drug delivery to tumor cells resulting in some treatment resistance, recurrence, and side effects.

The agreement between the Curie Institute and Defence Therapeutics stipulates the following objectives related to the breast cancer:

– To perform a head-to-head toxicology profile comparisons of T-DM1 versus Accum-TDM1 in mice.
– Complete a dose escalation study in mice bearing PDX that are T-DM1 resistant.
– Conduct a complete breast cancer efficacy study on PDX mice undergoing the ADC therapy, including in 3 HER2+ and in 1 triple-negative PDX.

"The AccumTM technology has been very efficient at enhancing protein-/or cell-based vaccination and ADCs potency. This studies objective in demonstrating enhanced efficacy and the refined treatment regiment of Accum-T-DM1, can lead to an enhanced ADC platform for the AccumTM technology. This serves as a strong foundation for a panoply of other therapeutics endowed with limitations known to impairing their therapeutic potency. AccumTM enhanced efficacy opens up a broad opportunity in the ADC market to address this," mentioned Sebastien Plouffe, CEO of Defence Therapeutics.

Currently, the T-DM1 regiment is long and tedious. The use of the AccumTM in this context is expected to increase significantly the efficiency as well as to lower the treatment cycle, which would highly lower the side effects triggered by the current ADC therapies.

US Breast Cancer Antibodies immunotherapy Therapeutics Market Offers USD 20 Billion Opportunity by 2026 according to Kuick research.

Boston Scientific Announces Conference Call Discussing Second Quarter 2021 Results

On June 29, 2021 Boston Scientific Corporation (NYSE: BSX) reported that it will webcast its conference call discussing financial results and business highlights for the second quarter ended June 30, 2021 on Tuesday, July 27, 2021 at 8:00 a.m. EDT (Press release, Boston Scientific, JUN 29, 2021, View Source [SID1234584451]). The call will be hosted by Mike Mahoney, chairman and chief executive officer, and Dan Brennan, executive vice president and chief financial officer. The company will issue a news release announcing financial results for the first quarter on July 27 prior to the conference call.

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A live webcast and replay of the webcast will be accessible at investors.bostonscientific.com. The replay will be available beginning approximately one hour following the completion of each event.

xCures Partners With Massive Bio to Help Advanced Cancer Patients Find the Right Treatment Options

On June 29, 2021 xCures reported their collaboration with Massive Bio Inc (Press release, Massive Bio, JUN 29, 2021, View Source [SID1234584470]). This partnership ensures that advanced cancer patients and their physicians have access to the best treatment options available. Massive Bio is a leader in AI-enabled patient-centric clinical trial enrollment whose mission is to provide cancer patients access to clinical trials regardless of their location or financial situation.

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"Clinical trials are an important access mechanism for investigational therapies and xCures’ partnership with Massive Bio is an important step in our shared mission to bring cancer patients the best possible treatment options," stated Mika Newton, xCures’ CEO. "Massive Bio’s acceleration of the enrollment process for all patients that can benefit from clinical trials aligns with xCures’ capability to identify treatment options across multiple access pathways including providing options for those patients who are unable to participate in clinical trials."

xCures’ xINFORM application leverages AI and predictive modeling to identify and rank the most promising treatment options for advanced cancer patients and Massive Bio is a leader in artificial intelligence (AI)-enabled oncology clinical trial enrollment. Through their collaboration, the two AI-powered patient-centric corporations will work synergistically to further help patients and physicians at every step of their cancer journey.

"We are excited to partner with a like-minded organization," Massive Bio co-founder and CEO Selin Kurnaz stated. "Our collaboration with xCures will allow us to increase our patient access and empower more cancer patients to benefit from life-changing clinical trials rapidly and at scale. We look forward to collectively tackle issues and innovate with cutting edge technology, real-world data, and high-value-added services."