SCANDION ONCOLOGY ANNOUNCES OUTCOME IN THE RIGHTS ISSUE

On December 15, 2020 Scandion Oncology A/S ("Scandion" or the "Company") reported that the result of its rights issue (the "Rights Issue"), where the subscription period ended on December 10, 2020, shows that 3,600,363 shares, corresponding to approximately 34 percent of the shares offered, were subscribed for by exercise of subscription rights (Press release, Scandion Oncology, DEC 15, 2020, View Source,c3254864 [SID1234574542]). Additionally, 1,634,048 shares, corresponding to approximately 15 percent of the Right Issue, were subscribed for without use of subscription rights, of which 1,318,505 shares, corresponding to 12 percent of the Rights Issue, were subscribed for by external professional investors. The remaining part of the Rights Issue, corresponding to 5,477,437 shares or approximately 51 percent, were subscribed for by the guarantors. The Rights Issue is therefore fully subscribed and provides Scandion with proceeds amounting to approximately SEK 236 million before issue costs.

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Not for publication, distribution or announcement, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction in which publication, distribution or announcement of this press release is unlawful or is subject to legal restrictions other than those required by Swedish law.

3,600,363 shares, corresponding to 34 percent of the Rights Issue, were subscribed for using subscription rights.
1,318,505 shares, corresponding to approximately 12 percent of the Rights Issue, were subscribed for by external professional investors.
315,543 shares, corresponding to approximately 3 percent of the Rights Issue, were subscribed for by existing shareholders and others without subscription rights.
The remaining part of the Rights Issue, corresponding to 5,477,437 shares or approximately 51 percent, were subscribed for by the guarantors.
Approximately 1.3 percent of the Rights Issue, corresponding to approximately SEK 3 million, were subscribed for by certain members of the board of directors and the management.
"I am extremely pleased to embrace the capitalization of Scandion Oncology and the strong support from our existing and new shareholders. This capital raise is a defining moment for us in our journey to make a difference for the many patients with drug resistant cancers. With this amount of new funding we are poised to deliver strong validating data for our first in class lead candidate SCO-101 and it gives Scandion Oncology the opportunity to implement our strategy to become the cancer drug resistance company" says Bo Rode Hansen, President & CEO of Scandion Oncology A/S.

Allocation of shares subscribed for without using subscription rights has been done in accordance with the principles stated in the prospectus published on 24 November 2020. Notice of allotment is made through a settlement note sent to the respective subscribers. Payment for allotted shares must be made in accordance with the instructions in the settlement note.

Following settlement and registration of the new shares with the Danish Business Authority, the Company’s share capital will increase by DKK 787,320.8280 to a total of DKK 2,361,962.4840. The number of shares in the Company will increase by 10,711,848 shares to a total of 32,135,544 shares.

Following settlement, trading in paid subscribed shares (BTA) takes place on the Spotlight Stock Market until the BTAs have been converted to ordinary shares, following registration of the new shares with the Danish Business Authority, which is expected to take place during week 52, 2020, at which point the temporary ISIN code for the BTAs will be merged with the permanent ISIN code for the Company’s shares.

Advisors

Vator Securities is financial adviser and Advokatfirman Schjødt (as to Swedish law) and Plesner Advokatpartnerselskab (as to Danish law) are legal advisers to the Company in connection with the Rights Issue.

Precigen Provides Latest Clinical Developments at Virtual R&D Update Event

On December 15, 2020 Precigen, Inc. (Nasdaq: PGEN), a biopharmaceutical company specializing in the development of innovative gene and cell therapies to improve the lives of patients, reported that held an R&D virtual event to provide an update on the latest progress for its clinical pipeline (Press release, Precigen, DEC 15, 2020, View Source [SID1234572885]).

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The event showcased data from several of Precigen’s most advanced clinical programs—PRGN-3005 UltraCAR-T, PRGN-3006 UltraCAR-T and AG019 ActoBioticsTM with presentations and discussions from Precigen executives and key opinion leaders, including Dr. Helen Sabzevari, President and CEO of Precigen, Dr. Pieter Rottiers, CEO of Precigen ActoBio, Dr. Mary L. (Nora) Disis, faculty member at the University of Washington and Fred Hutchinson Cancer Research Center and one of the lead investigators for the PRGN-3005 clinical study, and Dr. Kevan Herold, Professor of Immunobiology and of Medicine (Endocrinology) at Yale School of Medicine and one of the lead investigators for the AG019 clinical study. An archive of the audio recording and presentation will be available in the Press & Events section of the investor relations website at investors.precigen.com/press-and-events.

"When we began the year, we set aggressive goals to deliver clinical data for our most advanced programs by the end of the year. Today’s presentation delivers on several of these goals and represents numerous firsts with respect to new clinical data for Precigen," said Helen Sabzevari, PhD, President and CEO of Precigen. "We presented the first clinical data ever reported for our lead UltraCAR-T programs, including dosing and safety information. In addition, for PRGN-3005 UltraCAR-T in advanced ovarian cancer patients, we were pleased to report encouraging preliminary findings of expansion, persistence and clinical activity. Data presented on PRGN-3006 UltraCAR-T in acute myeloid leukemia showed encouraging expansion and persistence after low dose infusion and the ability for PRGN-3006 to traffic, expand and persist in bone marrow. Finally, we presented data indicating that a single eight-week treatment cycle of oral AG019 induces C-peptide stabilization and antigen-specific immune tolerance. We are incredibly encouraged by the results to date and look forward to providing future updates as these studies progress."

First Clinical Data Reported for PRGN-3005 UltraCAR-T Demonstrating Encouraging Preliminary Results
The first clinical data for patients treated at Dose Level 1 (n=3) and Dose Level 2 (n=3) without prior lymphodepletion from the IP arm was reported, including case studies for three patients. PRGN-3005 UltraCAR-T is currently under clinical evaluation in a Phase 1 clinical study for the treatment of advanced, recurrent platinum resistant ovarian, fallopian tube or primary peritoneal cancer (clinical trial identifier: NCT03907527). Data were also provided for individual target lesion response and change in target tumor burden.

Summary of clinical trial status and key results from the first six patients treated with PRGN-3005 UltraCAR-T:

Enrollment: The Phase 1 trial in the intraperitoneal (IP) arm is enrolling patients in the dose escalation phase.
Dosing: The six patients received PRGN-3005 at one of the following dose levels without lymphodepletion:
Dose Level 1: 3×104 – ≤ 1 x 105 UltraCAR-T cells/kg
Dose Level 2: 1×105 – ≤ 3 x 105 UltraCAR-T cells/k
Prior Lines of Therapy: Patients received between 6 to 9 prior therapies before enrolling in the PRGN-3005 study.
Safety: PRGN-3005 treatment is safe and well-tolerated to date, with no dose-limiting toxicities (DLTs), neurotoxicity or cytokine release syndromes (CRS) reported.
Manufacturing: 100% manufacturing success to date using decentralized, rapid manufacturing process.
Clinical Activity: PRGN-3005 UltraCAR-T cells showed encouraging expansion and persistence after low dose IP infusion without lymphodepletion. Additionally:
PRGN-3005 treatment indicated clinical activity as evidenced by reduction in target lesions with 50% of patients treated (3 of 6) at either Dose Level 1 or Dose Level 2 experiencing regression in target tumor burden; and
33% of patients (2 of 6) achieved Stable Disease (SD) according to RECIST v1.1 criteria at their restaging evaluation.
Expanded Preliminary Data for PRGN-3006 UltraCAR-T, Building on Recent Presentation at the 62nd ASH (Free ASH Whitepaper) Annual Meeting And Exposition
Expanded preliminary data for patients treated at Dose Level 1 (n=3) and Dose Level 2 (n=3) without prior lymphodepletion and Dose Level 1 with lymphodepletion (n=3) were reported for PRGN-3006 UltraCAR-T, currently under clinical evaluation in a Phase 1/1b clinical study for the treatment of patients with relapsed or refractory (r/r) acute myeloid leukemia (AML) or higher-risk myelodysplastic syndromes (MDS) (clinical trial identifier: NCT03927261). These new data build on results presented at the 62nd ASH (Free ASH Whitepaper) Annual Meeting and Exposition. A single patient case study provided additional clinical insights.

Summary of clinical trial status and key results from the first nine patients treated with PRGN-3006 UltraCAR-T:

Enrollment: The Phase 1 trial is enrolling patients in the dose escalation phase of both the lymphodepletion and non-lymphodepletion cohorts.
Dosing: The nine patients received PRGN-3006 at one of the following dose levels:
Dose Level 1: 3×104 – ≤ 1 x 105 UltraCAR-T cells/kg
Dose Level 2: 1×105 – ≤ 3 x 105 UltraCAR-T cells/
Safety: PRGN-3006 treatment is safe and well-tolerated to date, with no DLTs or neurotoxicity. Transient grade 1-3 CRS were reported in two patients.
Manufacturing: 100% manufacturing success to date using decentralized, rapid manufacturing process.
Clinical Activity: PRGN-3006 cells showed encouraging expansion and persistence in peripheral blood after low dose infusion. Additionally:
PRGN-3006 cells showed the ability to traffic, expand and persist in bone marrow; and
PRGN-3006 treatment indicated clinical activity as evidenced by reduction in AML tumor blast levels.
New AG019 ActobioticsTM Data from Phase 1b Monotherapy (up to 12 months follow-up) and Phase 2a Combination Study (up to six months follow-up)
Precigen ActoBio, Inc., a wholly-owned subsidiary of Precigen, announced new data for the Phase 1b monotherapy and Phase 2a combination study of the ongoing Phase 1b/2a clinical study investigating AG019 ActoBiotics for the treatment of early-onset type 1 diabetes (T1D) (clinical trial identifier: NCT03751007, EudraCT 2017-002871-24).

Key clinical results:

Phase 1b oral AG019 monotherapy:

Safety: The AG019 monotherapy treatment was well-tolerated and safe when administered as a single low or high dose and as a repeated low or high daily dose for 8 weeks. There were no AG019 treatment discontinuations due to treatment emergent adverse events (TEAEs).
Clinical Activity: Following a single 8-week treatment cycle of oral AG019, 58% of the adult patients (7 of 12) showed stabilization of C-peptide levels during the first 6 months and slower decline in C-peptide levels at 12 months compared to placebo. Results indicated the potential to preserve insulin production in early onset T1D through its capacity to induce antigen-specific immune modulation.
Potential Differentiation: The ease of treatment due to oral dosing and disease modifying potential differentiates AG019 from competition.
Mechanistic Data: In a mechanistic analysis performed by the Immune Tolerance Network, a leading independent research group, AG019 monotherapy showed the induction of antigen-specific tolerance in conjunction with the reduction of disease-specific T cell responses for adult patients three months after treatment initiation. Specific mechanistic data include:
An increase in antigen preproinsulin (PPI)-specific Type 1 regulatory (Tr1) cells;
An increase of islet-specific (memory) regulatory T-cells expressing inhibitory receptors, which may indicate induction of tissue-specific bystander suppression; and
A significant decrease in antigen (PPI)-specific CD8 T-cells.
Phase 2a AG019 combination therapy:

Safety: The combination of AG019 and teplizumab is safe and well-tolerated to date.
Clinical Activity: Following the treatment with the combination of AG019 and teplizumab, 70% of the adult patients (7 of 10) showed stabilization of C-peptide levels at 6 months post treatment initiation with a trend towards higher C-peptide levels as compared to baseline levels.
Mechanistic Data: Similar to the immunological effects seen in AG019 monotherapy patients, the combination of AG019 and teplizumab showed the induction of antigen-specific tolerance in conjunction with reduction of disease-specific T cell responses for adult patients three months after treatment initiation. The extent of these antigen-specific immune modulatory effects in the combination therapy patients is similar to what was seen in AG019 monotherapy patients indicating that this effect may be attributed to the single 8-week treatment cycle of oral AG019. Specific mechanistic data include:
An increase in PPI- and islet-specific specific Type 1 regulatory (Tr1) cells; and
A significant decrease in antigen (PPI)-specific CD8 T-cells.
"The Phase 1b monotherapy data for AG019 up to six months after treatment and the interim Phase 2a combination data in adult patients show the treatment is safe and well-tolerated and continue to showcase the potential of the ActoBiotics therapeutic platform," said Pieter Rottiers, PhD, CEO of Precigen ActoBio. "The Phase 1b study continues to show higher C-peptide levels at 12 months compared to placebo following only one treatment cycle of oral AG019. The Phase 2a study shows the potential to boost or prolong teplizumab-induced metabolic effects through induction of antigen-specific immune modulation and the opportunity to explore combinations with other systemic inducers in addition to teplizumab."

Precigen: Advancing Medicine with Precision
Precigen (Nasdaq: PGEN) is a dedicated discovery and clinical stage biopharmaceutical company advancing the next generation of gene and cell therapies using precision technology to target the most urgent and intractable diseases in our core therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. Our technologies enable us to find innovative solutions for affordable biotherapeutics in a controlled manner. Precigen operates as an innovation engine progressing a preclinical and clinical pipeline of well-differentiated unique therapies toward clinical proof-of-concept and commercialization. For more information about Precigen, visit www.precigen.com or follow us on Twitter @Precigen and LinkedIn.

About Precigen ActoBio
Precigen ActoBio is a clinical stage biotechnology company and a wholly-owned subsidiary of Precigen (Nasdaq: PGEN) pioneering a new class of therapeutic agents created on the ActoBiotics platform. The ActoBiotics platform provides a new class of therapeutic agent, a unique delivery platform precisely tailored for specific disease modification, with the potential for superior efficacy and safety via local delivery directly to the relevant tissue. ActoBiotics are targeted, microbe-based, specifically designed agents that express and locally deliver potential disease-modifying therapeutics at disease sites including the intestine, the mouth and the nasopharynx, to treat a range of disorders. Precigen ActoBio has a strong R&D pipeline and an extensive portfolio of candidates advancing toward clinical development across a number of potential indications. Learn more about Precigen ActoBio at www.precigen.com/actobio.

About PRGN-3005 UltraCAR-T
PRGN-3005 UltraCAR-T is a multigenic autologous CAR-T cell treatment utilizing Precigen’s Sleeping Beauty system to simultaneously express a CAR specifically targeting the unshed portion of MUC16, which is highly expressed on ovarian tumors with limited normal tissue expression; membrane bound IL-15 for enhanced in vivo expansion and persistence; and a kill switch to conditionally eliminate CAR-T cells for an improved safety profile. PRGN-3005 is being evaluated in collaboration with the University of Washington and Fred Hutchinson Cancer Research Center in an investigator-initiated open-label, dose escalation Phase 1 study to evaluate the safety and maximal tolerated dose of PRGN-3005 delivered by intraperitoneal infusion (IP) or intravenous infusion (IV) (clinical trial identifier: NCT03907527). The study population includes patients with advanced stage (III/IV) recurrent ovarian, fallopian tube, and primary peritoneal cancer who are platinum-resistant and have progressed after receiving standard-of-care therapies or are not eligible to receive available therapies with known clinical benefit.

About PRGN-3006 UltraCAR-T
PRGN-3006 UltraCAR-T is a multigenic autologous CAR-T cell treatment utilizing Precigen’s Sleeping Beauty system to simultaneously express a CAR specifically targeting CD33, which is over expressed on acute myeloid leukemia blasts with lesser expression on normal hematopoietic stem cell populations and minimal non-hematopoietic expression; membrane bound IL-15 for enhanced in vivo expansion and persistence; and a kill switch to conditionally eliminate CAR-T cells for improved safety profile. PRGN-3006 is being evaluated in collaboration with the Moffitt Cancer Center in a nonrandomized, investigator–initiated Phase 1/1b dose escalation study to evaluate the safety and maximal tolerated dose of PRGN–3006 UltraCAR-T (clinical trial identifier: NCT03927261). The study population includes patients with relapsed or refractory acute myeloid leukemia or higher risk myelodysplastic syndrome.

About AG019
AG019 is an investigational therapy designed to induce oral immune tolerance to reverse T1D and currently under clinical evaluation for the treatment of early-onset type 1 diabetes (T1D) (clinical trial identifier: NCT03751007, EudraCT 2017-002871-24). The Phase 1b/2a clinical trial is evaluating AG019 as a monotherapy and in combination with teplizumab (PRV-031), which is currently under investigation in the PROTECT Phase 3 study for the treatment of newly diagnosed T1D. Both the Phase 1b portion of the study, testing AG019 monotherapy in patients 12 to 17 years of age and adults 18-40 years of age, and the first cohort of the Phase 2a portion, testing the combination dosing of AG019 plus teplizumab in adults 18-40 years of age, are fully enrolled.

Trademarks
Precigen, Advancing Medicine with Precision, UltraCAR-T and ActoBiotics are trademarks of Precigen and/or its affiliates. Other names may be trademarks of their respective owners.

IMMUTEP OPERATIONAL UPDATE

On December 15, 2020 Immutep Limited (ASX: IMM; NASDAQ: IMMP) ("Immutep" or "the Company"), a biotechnology company developing novel immunotherapy treatments for cancer and autoimmune disease, reported that it provides an update on efti clinical programs (Press release, Immutep, DEC 15, 2020, View Source [SID1234572933]).

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Eftilagimod alpha ("efti") Update

AIPAC – Phase IIb clinical trial

The Company presented in a spotlight presentation at the San Antonio Breast Cancer Symposium 2020, first Overall Survival (OS) data and is on track to report final overall survival data and overall response rate by mid calendar year 2021. Currently there are more than 66% of events compared to approx. 60% which were the basis of the OS data presented at the San Antonio Breast Cancer Conference.

TACTI-002 – Phase II clinical trial

The 3rd stage of 1st line NSCLC with an additional 74 patients in the US, Australia and Europe is now open for recruitment. The TACTI-002 Phase II study, which is being conducted in collaboration with Merck & Co., Inc., Kenilworth, NJ, USA (known as "MSD" outside the United States and Canada), has been expanded by 74 additional patients, following the results presented at SITC (Free SITC Whitepaper) in November 2020.

Recruitment is ongoing for stage 2 of Part C (second line head and neck squamous cell carcinoma) and it is expected to open recruitment of stage 2 of Part B (second line non-small cell lung cancer) in the next year.

Phase II Clinical Trial in Head and Neck Cancer

Immutep continues to prepare for a new randomised, controlled Phase II clinical study in approximately 160 1st line HNSCC patients. Patients will be 1:1 randomised to receive efti in combination with an anti-PD-1 treatment, or anti-PD-1 monotherapy. The trial is intended to take place across clinical trial sites in the United States, Australia and Europe.

TACTI-mel – Phase I clinical trial

The results of Immutep’s Phase I TACTI-mel trial were recently published in the Journal for ImmunoTherapy of Cancer. The trial was conducted in Australia and evaluated efti in combination with pembrolizumab in metastatic melanoma.

INSIGHT-004 – Phase I clinical trial

INSIGHT-004, the fourth arm of the INSIGHT trial (INSIGHT-004 is also known as Stratum D of INSIGHT) which is being conducted in collaboration with Merck KGaA, Darmstadt, Germany and Pfizer Inc. is expected to deliver final data in 2021. First data from the study were presented at ASCO (Free ASCO Whitepaper) and ESMO (Free ESMO Whitepaper) 2020.

EOC Pharma – Phase II clinical trial

Preparations are ongoing for a new Phase II clinical study in China (152 patients) evaluating efti in combination with chemotherapy for the treatment of metastatic breast cancer.

Financial Update

In the current quarter, Immutep completed an equity financing and raised approximately A$29.6 million in a placement supported by high quality institutional investors from Australia and offshore.

In addition, given the recent exercise of warrants over American Depository Shares, which generated proceeds of approximately US$7.7 million (approx. AU$10.1 million), the Company is in an excellent financial position with a cash runway beyond end of calendar year 2022.

Scandion Oncology: Supplement to previously published press release regarding the outcome of Scandion Oncology’s rights issue

On December 15, 2020 As Scandion Oncology A/S ("Scandion" or the "Company") reported that receives approximately SEK 236 million before issue costs from its rights issue (Press release, Scandion Oncology, DEC 15, 2020, View Source;supplement-to-previously-published-press-release-regarding-the-outcome-of-scandio,c3255229 [SID1234574543]). The issue costs amount to approximately SEK 36 million, which has been stated in the prospectus published by the Company on 24 November 2020. Hence, the Company receives net proceeds of approximately SEK 200 million from its rights issue.

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Roche launches cobas PIK3CA Mutation Test for patients with advanced or metastatic breast cancer in countries accepting the CE mark

On December 15, 2020 Roche (SIX: RO, ROG; OTCQX: RHHBY) reported the launch of the cobas PIK3CA Mutation Test for patients with advanced or metastatic breast cancer (Press release, Hoffmann-La Roche, DEC 15, 2020, View Source [SID1234572852]). Previously only available as research use only (RUO), this in vitro diagnostic (IVD) test is now available in countries accepting the CE mark.

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"Nearly two million women are diagnosed with breast cancer each year, and an estimated half a million could harbour a PIK3CA mutation.3,4 If correctly identified, some of these women may benefit from targeted therapy," said Thomas Schinecker, CEO Roche Diagnostics. "We are pleased to offer the cobas PIK3CA Mutation Test CE-IVD, enabling clinicians to accurately and quickly manage their breast cancer patients."

In advanced or metastatic breast cancer, PIK3CA mutations are associated with tumour growth, resistance to endocrine treatment, and a poor overall prognosis. The cobas PIK3CA Mutation Test detects 17 mutations in the PIK3CA gene and can help clinicians identify patients who may benefit from phosphoinositide 3-kinase (PI3K) targeted therapy as supported by medical guidelines.5,6

About the cobas PIK3CA Mutation Test
The cobas PIK3CA Mutation Test is a real-time PCR test for the qualitative detection and identification of 17 mutations in exons 2, 5, 8, 10, and 21 in the gene encoding the catalytic subunit of PIK3CA in DNA isolated from formalin-fixed paraffin-embedded tissue (FFPET). The cobas PIK3CA Mutation Test is intended to identify patients with metastatic breast cancer whose tumours harbour these mutations.

The cobas PIK3CA Mutation Test provides automated results reporting, with flexible throughput to process up to 30 samples per run on the widely available cobas z 480 Analyzer. Specimens are processed using the cobas DNA Sample Preparation Kit to isolate genomic DNA from FFPET human specimens. Using a standardised workflow, the cobas PIK3CA Mutation Test provides fast time-to-results in under eight hours.