Lilly to Participate in Cowen Health Care Conference

On February 24, 2021 Eli Lilly and Company (NYSE: LLY) reported that it will participate in the Cowen and Company 41st Annual Health Care Conference on Thursday, March 4, 2021. Daniel Skovronsky, M.D., Ph.D., Lilly’s Chief Scientific Officer and President of Lilly Research Laboratories, will participate in a fireside chat at 9:10 a.m., Eastern Time (Press release, Eli Lilly, FEB 24, 2021, View Source [SID1234575534]).

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A live audio webcast will be available on the "Webcasts & Presentations" section of Lilly’s Investor website at View Source A replay of the presentation will be available on this same website for approximately 90 days.

China Rewards Breakthrough Therapy Designation to Innovent & IASO’s CAR-T Cell Therapy

On February 24, 2021 EVERSANA reported The National Medical Products Administration’s (NMPA) Center for Drug Evaluation (CDE) has granted Breakthrough Therapy Designation (BTD) to Innovent and IASO Biotherapeutics’ investigational CAR-T cell therapy IBI326/CT103A for the treatment of relapsed/refractory (R/R) multiple myeloma (MM) (Press release, EVERSANA, FEB 24, 2021, View Source [SID1234575533]).

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IBI326/CT103A is a fully-human anti-B cell maturation antigen (BCMA) targeted CAR-T cell therapy that utilizes lentivirus as a gene vector to transfect autologous T cells, explained Innovent.

In China, BTD is reserved for new medicines that target serious conditions for which clinical evidence suggests the drug in question may demonstrate significant improvement over available therapies.

The CDE elected BTD for IBI326/CT103A based on results from an ongoing Phase 1/2 study of the CAR-T therapy being conducted in R/R MM patients in China—IBI326/CT103A is currently amid a Phase 2 pivotal trial.

Previously, clinical results demonstrating the "impressive" safety, efficacy, and durability of response of IBI326/CT103A as observed in RRMM trials were presented at the 61st Annual Meeting of the American Society for Hematology (ASH) (Free ASH Whitepaper) in 2019.

Dr. Hui Zhou, Vice President of Medical Science and Strategy Oncology at Innovent, commented, "The breakthrough therapy designation from NMPA indicated that IBI326[/CT103A] possesses great potential in treating relapsed or refractory multiple myeloma."

Jinhua Zhang, IASO BIO Founder and CEO, added, "We anticipate expedited development and review in China, allowing more patients with relapsed or refractory multiple myeloma to benefit from this therapy at the earliest possible time."

Cardiff Oncology to Participate in Gastrointestinal (GI) Oncology and Pancreatic Cancer Panel Discussion at the Cowen 41st Annual Health Care Conference

On February 24, 2021 Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company developing drugs to treat cancers with the greatest medical need for new treatment options, including KRAS-mutated colorectal cancer, pancreatic cancer, castrate-resistant prostate cancer and leukemias, reported that Dr. Mark Erlander, chief executive officer of Cardiff Oncology will participate in the upcoming Cowen 41st Annual Health Care Conference taking place March 1-4, 2021 (Press release, Cardiff Oncology, FEB 24, 2021, View Source [SID1234575532]). Dr. Erlander will participate in a GI Oncology and Pancreatic Cancer panel discussion and one-on-one investor meetings at the conference.

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Details on the panel discussion can be found below.
Panel Discussion: GI Oncology and Pancreatic Cancer Date and Time:
Tuesday, March 2nd; 9:50 – 10:50 am ET
Webcast: Available for live viewing by conference attendees only

CrownBio and JSR Life Sciences Partner with Cambridge Quantum Computing to Leverage Quantum Machine Learning for Novel Cancer Treatment Biomarker Discovery

On February 24, 2021 Crown Bioscience (CrownBio), JSR Life Sciences and Cambridge Quantum Computing (CQC) reported a partnership agreement to explore the application of quantum technology to drive the identification of multi-gene biomarker discovery for oncology drug discovery (Press release, Crown Bioscience, FEB 24, 2021, View Source [SID1234575531]).

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The partnership will combine CrownBio’s domain expertise and vast data sets generated from 15 years of preclinical and translational research and CQC’s advanced capabilities in quantum algorithms, quantum machine learning, and quantum computing.

Utilizing quantum machine algorithms and CQC’s software development framework for execution on NISQ (Noisy Intermediate-Scale Quantum) computers, the initial approach will focus on deriving insight from the analysis of genetic data to identify cancer treatment biomarkers and drive the next generation of bioinformatics.

The objective is to identify a strategy to implement an early quantum computing application that will ultimately address and explore solutions to broad challenges in life sciences.

Armin Spura, CEO of CrownBio commented, "The agreement continues CrownBio’s commitment to innovation and the application of technology to accelerate and de-risk drug development, leading to stronger drug candidates and a more rapid transition from preclinical phases to the clinic."

llyas Khan, CEO of CQC said, "CQC was founded to develop technologies that could help address some of the most pressing societal challenges, particularly in areas such as human biology, so we are excited to enter into our latest partnership with CrownBio to determine how cutting-edge quantum machine learning methods can be applied to critical use cases."

AIM ImmunoTech’s Subsidiary Receives Orphan Medicinal Product Designation by the European Medicines Agency for Ampligen to Treat Pancreatic Cancer

On February 24, 2021 AIM ImmunoTech Inc. (NYSE American: AIM) reported that its subsidiary, NV Hemispherx Biopharma Europe, reported that it has received formal notification from the European Commission (EC) approving the company’s Orphan Medicinal Product Application for Ampligen as a treatment for pancreatic cancer (Press release, AIM ImmunoTech, FEB 24, 2021, View Source [SID1234575530]).

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Medications that have been designated as Orphan products by the European Medicines Agency (EMA), once commercially approved in the European Union (EU), receive benefits including up to ten years of protection from market competition from similar medicines with similar active component and indication for use that are not shown to be clinically superior.

AIM announced earlier this month that the Committee for Orphan Medicinal Products of the EMA had recommended that Ampligen receive the designation for pancreatic cancer. The company has now received the official approval of that designation.

Prof. Casper van Eijck, M.D. Ph.D., the lead investigator for the expanded access program (EAP) for Ampligen at Erasmus Medical Center, stated, "We are pleased to report that the EMA has approved Ampligen for orphan medicinal product designation. Pancreatic cancer is the seventh leading cause of cancer-related deaths worldwide with over 458,000 worldwide cases of pancreatic cancer in 2018 alone. Despite advancements in the detection and management of pancreatic cancer, the 5-year survival rate is only 5-10%. Due to the positive and statistically significant survival results, versus historical controls, that we observed when using Ampligen in patients with locally advanced/metastatic pancreatic cancer-after systemic chemotherapy-we believe that Ampligen has the potential to be a meaningful extension of the standard of care for advanced pancreatic cancer. We are currently writing the manuscript describing the results of our study and are planning to investigate Ampligen further in the follow-up pancreatic cancer Phase 2/3 clinical trial and in a Phase 1 trial in combination with check point inhibitors at Erasmus Medical Center."

Kazem Kazempour, Ph.D., at Amarex Clinical Research, commented, "We are working closely with AIM in the United States to attain FDA ‘fast-track’ status, as well as possible FDA ‘breakthrough’ designations, and to obtain IND authorizations to conduct a follow-up pancreatic cancer Phase 2/3 clinical trial with sites in the Netherlands at Erasmus MC under Prof. van Eijck, and also at major cancer research centers in the United States."

"Orphan medicinal product designation in the EU and in the US is a critical milestone in AIM’s ongoing efforts to develop Ampligen as a treatment for pancreatic cancer," said AIM CEO Thomas K. Equels. "Pancreatic cancer is one of the deadliest cancers because, far too often, it is not diagnosed until Stage IV, when the disease is so far along that there are limited therapeutic options. We at AIM hope that Ampligen can one day help add precious time to the lives of many people suffering from pancreatic cancer."

Orphan medicinal product designations promote the clinical development of drugs that target rare life-threatening conditions, and which are expected to provide significant therapeutic advantage over existing treatments. An estimated 466,000 people died of pancreatic cancer worldwide in 2020, according to the World Health Organization. The five-year survival rate is only 5-10 percent.

Sponsors who obtain EMA orphan designation "benefit from protocol assistance, a type of scientific advice specific for designated orphan medicines, and market exclusivity once the medicine is on the market," according to the EMA. Fee reductions are also available depending on circumstances. The EMA has a comprehensive explanation of the benefits of Orphan Drug Designation (ODD) on its website.

The EMA designation follows a similar approval from the U.S. Food and Drug Administration (FDA), which also awarded AIM with orphan drug designation status for Ampligen as a treatment for pancreatic cancer.

The FDA orphan designation followed the company’s September 22, 2020 announcement of statistically significant positive pancreatic cancer survival benefit in the Ampligen arm as compared to a historical control cohort seen in a multi-year Early Access Program conducted at Erasmus University Medical Center in the Netherlands. The use of Ampligen following the current standard of care for pancreatic cancer (FOLFIRINOX) yielded an overall survival of 19 months, 7.9 months greater than FOLFIRINOX treatment alone.