Foundation Medicine and InformedDNA® Collaborate to Improve Access to Genetic Counseling for Advanced Cancer Patients

On March 9, 2021 Foundation Medicine, Inc. and InformedDNA, the nation’s largest independent provider of genetics services, reported a collaboration that will enable physicians to refer U.S. patients with possible inherited cancer gene mutations to genetic counseling services and confirmatory genetic testing based on the results of Foundation Medicine’s tumor testing (Press release, Foundation Medicine, MAR 9, 2021, View Source [SID1234576614]).

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For patients who undergo Foundation Medicine’s comprehensive genomic profiling tests and receive a result showing a potential inherited cancer gene variant, genetic counseling and follow up germline (genetic) testing aligns with clinical guidelines and industry best practices, and provides oncologists and their patients with more data to inform treatment decisions.

Cancer can be influenced by many different genetic changes; some are acquired over time, known as somatic mutations, and others are inherited, known as germline mutations. Foundation Medicine’s tests evaluate more than 300 cancer-related genes, including genes with variants that may have potential germline implications. If a potential germline variant is identified via tissue or liquid-based genomic testing, Foundation Medicine’s test report highlights this to the patient’s provider, so that the provider may consider follow up with genetic counseling and confirmatory germline testing.

Through this new collaboration, Foundation Medicine and InformedDNA are helping advanced cancer patients and their physicians navigate the appropriate genetic counseling and confirmatory testing resources available to them should they choose to leverage them to inform treatment plans.

"Both somatic and germline drivers of disease are critical to inform treatment decisions and assess future risk, yet many physicians and health systems do not have a referral process in place or access to internal genetic counseling services and confirmatory germline testing. Further, given the broader implications of this information, responsible communication from a genetic counselor is critical," said Brian Alexander, M.D., M.P.H., chief medical officer at Foundation Medicine. "We’re pleased to partner with InformedDNA to create a unique option that enables access to genetic counseling and guidance on confirmatory testing, thereby assisting care teams with obtaining additional information to develop holistic treatment plans for patients and their families."

InformedDNA is a leader in telegenetic counseling, offering services with board-certified genetic counselors across all 50 states. If confirmatory genetic testing is desired and deemed necessary following a potential germline variant finding on one of Foundation Medicine’s reports, InformedDNA’s genetic counselors will guide patients in determining the appropriate test and understanding the benefits, risks, and implications of confirmatory germline testing.

"Together, we’re improving access to an important aspect of tumor testing for cancer patients – the ability to identify patients at risk of carrying inherited genetic mutations," said Rebecca Sutphen, M.D., FACMGG, co-founder and chief medical officer at InformedDNA. "This collaboration aims to make genetic counseling and confirmatory testing more accessible to U.S. patients with potential germline mutations, helping to ensure that physicians have the information needed to develop personalized cancer treatment plans for their patients and implement preventive measures for their families."

Approximately five to 10 percent of all cancers are hereditary.1 In addition to playing a role in diagnosing and treating an individual with cancer, genetic information can be used to help inform health decisions for a patient’s family members.

"We believe it is essential for all advanced cancer patients to have access to the tools needed to understand the hereditary implications of their cancer, if interested," said Sue Friedman, executive director and founder of Facing Hereditary Cancers Empowered (FORCE). "We applaud Foundation Medicine and InformedDNA for embarking on this effort to fill an important gap in cancer care, ensuring people affected by hereditary cancer have the information, support and guidance they need to navigate treatment and prevention."

Foundation Medicine’s reporting of tumor variants does not distinguish between somatic or germline variants and is not intended to replace germline testing or provide information specific to cancer predisposition.

Valo Health Receives $110 Million In Funding From Koch Disruptive Technologies To Close Series B

On March 9, 2021 Valo Health LLC (Valo), a technology company transforming the drug discovery and development process and seeking to accelerate the creation of life-changing drugs, reported the final closing of its Series B at $300 million, including a $110 million investment from Koch Disruptive Technologies (KDT) (Press release, Valo Health, MAR 9, 2021, View Source [SID1234577591]). This brings the overall funding of Valo to over $450 million.

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With this investment Valo will continue to scale its Opal Computational PlatformTM, the first-of-its-kind fully integrated end-to-end platform that combines machine learning-driven computational capabilities and patient data to develop first-in-class and best-in-class therapeutic programs across major disease areas.

"We see Valo’s strategy and approach to transforming drug discovery and development as highly disruptive to the industry. Their machine learning and data-centric technology solutions will bring significant value to patients and healthcare practitioners looking for more efficient and enhanced treatment options," said Chase Koch, President of Koch Disruptive Technologies. "The medtech and healthcare markets are currently undergoing dramatic change and accelerated transformation, and our investment in Valo is a testament not only to our belief in their mission but to the importance of this industry in general."

"We are reimagining the process of discovering and developing life-changing drugs in potentially half the time, at half the cost, and with fewer failures, and we are proud that KDT recognizes our paradigm-changing work," said David Berry, Valo founder and CEO. "This investment and their partnership will help us further scale and accelerate our goals and the Opal platform."

The proceeds from the Series B will support the continued discovery and development of therapeutic programs, further build-out the Opal Computational PlatformTM, working capital, and other general purposes. Using Opal, Valo scientists have been able to identify previously unsuspected associations between genetic markers and disease, which identify the specific changes in gene activity with an initial focus on oncology, neurodegenerative, and cardiovascular diseases.

David Berry will discuss Valo’s approach and provide insights into several preclinical programs and the Opal platform at the Barclays Global Healthcare Conference at 8 a.m. EST on March 9, 2021. Following the event, a replay of the Barclays webcast will be available on the Valo LinkedIn page.

Avacta Signs Diagnostic Licensing Deal with Biokit

On March 9, 2021 Avacta Group plc (AIM: AVCT), the developer of innovative cancer therapies and diagnostics based on its proprietary Affimer and pre|CISION platforms, reported that it has entered into a license agreement with Biokit, a Werfen Company, to incorporate Affimer reagents into a Biokit in-vitro diagnostic (IVD) product (Press release, Avacta, MAR 9, 2021, View Source [SID1234576250]).

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Biokit is recognised and renowned as a Centre of Excellence with consolidated experience worldwide in research, development and manufacturing of assays and biomaterial solutions for IVD use.

The license agreement follows an extensive evaluation by Biokit of certain Affimer reagents to detect a key analyte. Under the terms of the agreement Biokit has the right to develop, manufacture and commercialise through original equipment manufacturer (OEM) partners a diagnostic immunoassay for this analyte.

Avacta will receive royalties on future sales of any products brought to market following completion of product development and regulatory approvals. Financial details of the agreement were not disclosed.

Dr Alastair Smith, Chief Executive of Avacta Group commented:

"I am delighted to have established this partnership with Biokit, a world-renowned IVD company, which further validates the Affimer reagent platform for diagnostics. Avacta’s diagnostics business model combines development of a wholly owned pipeline of products, including the SARS-CoV-2 rapid antigen test, with licensing of Affimer reagents to diagnostic development partners such as Biokit.

Biokit will develop an automated clinical assay using the Affimer reagents that Avacta has developed for them and I look forward to the successful conclusion of that development process and product launch. There is also potential for the partnership between our two companies to continue and expand to include other diagnostic targets and future Affimer-based IVDs."

Dr Marta Palicio, Innovation Director of Biokit commented:

"Biokit is very pleased to have reached this agreement with Avacta. The agreement will increase the competitiveness of our customized assay offering for our partners. Avacta’s technology also enables us to innovate our assays with new reagents like Affimer reagents, an alternative to antibodies. We can now move onto the next stage of development, incorporation of this technology into new products. We hope this is the first of many assays containing Affimer reagents which will be developed by Avacta".

NeuBase Therapeutics to Present at Upcoming Investor Conferences in March 2021

On March 9, 2021 NeuBase Therapeutics, Inc. (NASDAQ: NBSE) ("NeuBase" or the "Company"), a biotechnology company accelerating the genetic revolution using a new class of synthetic medicines, reported that Dietrich A. Stephan, Ph.D., Chief Executive Officer of NeuBase, will present a corporate overview at the H.C. Wainwright Global Life Sciences Conference and at the Oppenheimer 31st Annual Healthcare Conference (Press release, NeuBase Therapeutics, MAR 9, 2021, View Source [SID1234576321]). Both virtual investor conferences take place in March 2021.

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Conference Details:
Event: H.C. Wainwright Global Life Sciences Conference
Date: Tuesday, March 9th
Time: 7:00 a.m. ET
Location: Webcast Link – or at the company’s website (click here)


Event: Oppenheimer 31st Annual Healthcare Conference
Date: Wednesday, March 17th
Time: 11:20 a.m. ET
Location: Webcast Link – or at the company’s website (click here)
The webcasts from both conferences will also be archived on the NeuBase website, www.neubasetherapeutics.com.

Moleculin to Participate in Four Upcoming Healthcare Conferences

On March 9, 2021 Moleculin Biotech, Inc., (Nasdaq: MBRX) (Moleculin or the Company), a clinical stage pharmaceutical company with a broad portfolio of drug candidates targeting highly resistant tumors and viruses, reported that members of management will be presenting at four upcoming healthcare conferences (Press release, Moleculin, MAR 9, 2021, View Source [SID1234576338]).

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Moleculin Biotech, Inc. is a clinical stage pharmaceutical company focused on the development of a broad portfolio of oncology drug candidates for the treatment of highly resistant tumors. (PRNewsfoto/Moleculin Biotech, Inc.)

Event:

H.C. Wainwright Global Life Sciences Conference

Format:

Presentation & 1×1 Meetings

Presentation:

Presentation will be available on-demand beginning on Tuesday, March 9, 2021

Location:

Webcast Link

Event:

33rd Annual Virtual ROTH Conference

Format:

Panel, Presentation & 1×1 Meetings

Date:

March 15 – 17, 2021

Presentation:

Presentation will be available on-demand beginning on Monday, March 15, 2021 at 9:00am ET

Location:

Webcast Link

Panel Discussion:

Cancer – Heterogeneous Approaches to a Heterogeneous Etiology

Panel Date:

Monday, March 15, 2021

Panel Time:

10am – 11am ET

Panel Location:

Interested parties may register for the panel here

Event:

Oppenheimer 31st Annual Healthcare Conference

Format:

Presentation & 1×1 Meetings

Date:

Wednesday, March 17, 2021

Time:

8:00am – 8:30am ET

Location:

Webcast Link

Event:

Maxim 2021 Emerging Growth Virtual Conference

Format:

Presentation

Date:

Wednesday, March 17 – 18, 2021

Presentation:

Presentation will be available on-demand beginning on Wednesday, March 17, 2021 at 9:00am ET

Location:

Investors can register for the conference here

Audio webcasts of Moleculin’s presentations will be available on the investor relations section of Moleculin’s website at View Source Replays of the webcasts will be available for 90 days after the date of the presentation.