Greenwich LifeSciences, Inc. Prices $26.4 Million Upsized Public Offering of Common Stock

On December 18, 2020 Greenwich LifeSciences, Inc. (Nasdaq: GLSI) (the "Company"), a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery, reported the pricing of an upsized underwritten public offering with gross proceeds to the Company expected to be approximately $26.4 million before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company (Press release, Greenwich LifeSciences, DEC 18, 2020, View Source [SID1234573038]).

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The public offering equates to 660,000 shares of the Company’s common stock at a price of $40.00 per share. The Company intends to use the net proceeds for completion of all manufacturing and all clinical trial activities to complete an interim analysis and data readout of the GP2 Phase III clinical trial, for the submission of a Biologics Licensing Application to the FDA seeking conditional marketing approval of GP2, for the in-licensing or acquisition and development of additional products, including the coronavirus vaccine program, and for working capital and general corporate purposes.

The Company has also granted the underwriters a 45-day option to purchase up to an additional 99,000 shares of common stock offered in the public offering to cover over-allotments, if any, at the public offering price, which would increase the total gross proceeds of the offering to approximately $30.4 million, if exercised in full. The offering is expected to close on or about December 22, 2020, subject to customary closing conditions.

Aegis Capital Corp. is acting as sole bookrunner for the offering.

A registration statement relating to the shares of common stock being sold in this offering was declared effective by the Securities and Exchange Commission (the "SEC") on December 17, 2020. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, on the SEC’s website, www.sec.gov, or by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th Floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy these securities, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Mersana Therapeutics to Host Virtual Analyst and Investor Event

On December 17, 2020 Mersana Therapeutics, Inc. (NASDAQ:MRSN), a clinical-stage biopharmaceutical company focused on discovering and developing a pipeline of antibody-drug conjugates (ADCs) targeting cancers in areas of high unmet medical need, reported that it will host a virtual Analyst and Investor event on Tuesday, January 5, 2021 from 10:00 a.m. to 12:00 p.m. ET (Press release, Mersana Therapeutics, DEC 17, 2020, View Source [SID1234575006]). The event will showcase the following agenda:

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Debra L. Richardson, MD, Associate Professor and Section Chief, Division of Gynecologic Oncology at the OU Health Stephenson Cancer Center and the Sarah Cannon Research Institute, will review updated data from the ovarian cancer cohort of the Phase 1 expansion study evaluating XMT-1536, the Company’s first-in-class ADC candidate targeting NaPi2b.
Mersana’s management team will detail the Company’s plans for the registration-enabling study of XMT-1536 in platinum-resistant ovarian cancer and outline its objectives for longer-term life cycle management studies to evaluate the potential of XMT-1536 in platinum-sensitive ovarian cancer.
Mersana’s management team will disclose preclinical data supporting the development of the Company’s first-in-class B7-H4 DolaLock ADC development candidate.
Mersana’s management team will outline the Company’s anticipated 2021 goals and milestones for its clinical and early-stage ADC programs.
Webcast and Conference Call Details
A live webcast of the presentation will be available on the Investors & Media section of the Mersana website at View Source Analyst and Investors may ask a question during the live Q&A by dialing (855) 940-5308 (toll-free domestic) or (929) 517-9745 (international) and providing the Conference ID 6265117.

Perrigo to Present Virtually at Upcoming Investor Conferences

On December 17, 2020 Perrigo Company plc (NYSE; TASE: PRGO), reported that EVP and President of Consumer Self-Care Americas, Rich Sorota will present at the ICR Conference at 11:30 AM EST on Monday, January 11, 2021 (Press release, Perrigo Company, DEC 17, 2020, View Source [SID1234573012]).

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Perrigo President & CEO Murray S. Kessler and CFO, Ray Silcock, will present at the 39th Annual J.P. Morgan Global Healthcare Conference at 3:40 PM EST on Wednesday, January 13, 2021. Interested parties can access the presentation webcasts at View Source

Allterum Therapeutics completes Series Seed offering, builds team with addition of Philip Breitfeld as Chief Medical Officer

On December 17, 2020 Allterum Therapeutics, Inc. reported that it completed its $1.8 million Series Seed offering to members of the FanninDirectSM investor group (Press release, Allterum, DEC 17, 2020, View Source [SID1234573011]). Allterum is developing a novel immunotherapy for treatment of IL7R-expressing cancers, including difficult to treat cases of pediatric acute lymphoblastic leukemia (ALL), a program which has received both Orphan Drug and Rare Pediatric Disease Designations from FDA. The company will use the proceeds for its pre-clinical antibody manufacturing and toxicology work and to continue to build the management team.

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Philip P. Breitfeld, MD, a pediatric oncologist and former Global Vice President, Therapeutic Centers of Excellence of IQVIA (the renamed Quintiles/IMS Health), has joined Allterum as Chief Medical Officer. Dr. Breitfeld has over thirty five years experience in clinical development, including at major pharmaceutical and biotechnology companies.

"Having been fortunate to be part of the care of many children and adolescents with ALL, it is a dream to be part of the Allterum team focused on bringing new therapeutic options to children with ALL," said Dr. Breitfeld.

Although a majority of pediatric patients with ALL are successfully treated with current chemotherapies, a subset of patients experience relapse. In particular, patients with recurring T-cell ALL have extremely limited therapeutic options; as a result, these patients frequently have a poor prognosis. Allterum’s immunotherapy, invented at the National Cancer Institute by Dr. Scott Durum and his colleagues, was designed to be effective in these patients. It is also expected to benefit a much larger group of patients with IL7-R-expressing cancers including additional patients with leukemias, as well as sub-populations of patients with solid tumors.

"We are delighted to welcome Dr. Breitfeld to the team," said Dr. Atul Varadhachary, Allterum President & CEO. "He will play a pivotal role in advancing our programs addressing unmet critical medical needs in both childhood leukemias and in solid tumors."

Allterum is partnering with the Therapeutics Advances in Childhood Leukemia & Lymphoma (TACL) consortium to design a Phase 1/2 clinical trial, with Dr. Eric Schafer (Baylor College of Medicine and Texas Children’s Hospital) and Dr. Susan Rheingold (Children’s Hospital of Philadelphia) as Chair and Vice-Chair, respectively, of the study. Allterum anticipates filing an Investigational New Drug (IND) application to the FDA in early 2021, leading to the launch of the clinical trial.

In addition to the initial sponsor funding by Fannin Partners and the Series Seed proceeds, Allterum has also received a $2.9 million Product Development grant from the Cancer Prevention Research Institute of Texas (CPRIT).

$10 Million Grant From Exact Sciences To Support Stand Up To Cancer Initiative To Improve Colorectal Cancer Screening And Prevention

On December 17, 2020 Stand Up To Cancer (SU2C) reported that unveiled a collaborative initiative aimed at improving colorectal cancer screening, early detection and prevention across the United States (Press release, Exact Sciences, DEC 17, 2020, View Source [SID1234573009]). The transformative $10 million grant from Exact Sciences, a provider of cancer screening and diagnostic tests, will fund a colorectal cancer ‘Dream Team’ of researchers, as well as a comprehensive public awareness campaign to increase screenings.

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The new Dream Team will be awarded in early 2021 and will identify communities near anchor institutions that serve minority and medically underserved communities, pinpoint the unique local needs of those areas and turn participating at-risk communities into "Stand Up To Cancer Zones" with high rates of colorectal cancer screening. The Dream Team will provide free colorectal cancer testing in the identified zones and will study samples collected via approved tests for colorectal cancer, including colonoscopy, CT colonography, flexible sigmoidoscopy, and at-home stool tests that analyze fecal DNA and/or blood. The research will aim to develop better approaches to colorectal cancer interception.

Fellowships for early-career investigators committed to studying health equity and disparities in colorectal cancer will also be funded. Public awareness campaigns will focus on medically underserved communities to increase awareness of the importance of colorectal cancer screening and early detection, and the availability of multiple effective screening options, such as traditional colonoscopy as well as options used at home.

"This funding allows us to bring together institutions, clinicians and communities to address the challenges we face in colorectal cancer screening," said Nobel laureate Phillip A. Sharp, PhD, chair of Stand Up To Cancer’s Scientific Advisory Committee and an Institute professor at the David H. Koch Institute for Integrative Cancer Research at Massachusetts Institute of Technology. "Due to the COVID-19 pandemic, it’s more important than ever to make sure people are informed about both the benefits of colorectal cancer screening and their options."

"We’re excited to work with Stand Up To Cancer on this bold new initiative," said Kevin Conroy, chairman and CEO of Exact Sciences. "We want to change the way people think about colorectal cancer screening. This collaboration will move cutting-edge research and education efforts forward so we can help more people."

This year, nearly 148,000 Americans will receive a new diagnosis of colon or rectal cancer.i Colorectal cancer is treatable in 90% of cases when detected early,ii yet 1 in 3 adults over age 50 are not up-to-date on recommended colorectal cancer screening.iii The COVID-19 pandemic has further compounded the problem with screening rates dropping significantly due to stay-at-home orders. For example, the total number of colonoscopies and biopsies performed declined by nearly 90% by mid-April 2020 compared to April 2019.iv Concurrently, new cases of colorectal cancer are occurring at a growing rate among young and middle-aged adults in the US, with the number of cases of colorectal cancer in people under 50 expected to almost double by 2030.v The disease disproportionately impacts people of color; Black people have the highest rates of colorectal cancer of any racial or ethnic group in the US.vi In October 2020, the US Preventive Services Task Force released a draft recommendation to lower the colorectal cancer screening age from 50 to 45,vii but educating the public about the benefits of screening, as well as screening options, remains vital.

"We want people to understand that this disease is highly preventable and that a simple test can save lives," said Sung Poblete, PhD, RN, CEO of Stand Up To Cancer. "When it comes to screening for colorectal cancer, the best test is the test that gets done. People will always benefit from simple and accessible healthcare options, and at-home preventive care is particularly vital to keeping people healthy during the pandemic. Together with Exact Sciences, we’re going to make this message mainstream and our hope is that other collaborators, such as healthcare providers, community leaders and advocacy groups, will join us in taking a stand against colorectal cancer."

Research has shown that colorectal cancer screening rates are the lowest in Hispanic communities, with 59% of Hispanics getting screened, compared to 66% of Black people and 69% of white people getting screened.viii Black and Hispanic people are typically diagnosed at a later stage in the disease when it is more difficult to treat. These disparities could be driven by financial barriers, lack of insurance, existing health inequities and insufficient information about colorectal cancer and colorectal cancer screening options.

SU2C, along with Exact Sciences, plans to engage with other collaborators to help reach the underserved communities, foster scientific research and guide public participation. The multi-pronged approach intends to ensure that colorectal cancer remains a disease that is treatable and survivable through widespread screening and early detection.

SU2C announced a Health Equity Initiative in January 2020. The initiative requires all future teams seeking Stand Up To Cancer funding to address recruitment and retention of patients from different ethnic and racial groups and underserved communities to improve diverse participation in cancer clinical trials. The initiative also includes collaborations with advocacy groups and industry and corporate supporters to move research and public awareness efforts forward. The new grant from Exact Sciences is the next critical step in SU2C’s movement to ensure cancer research, screening and treatment benefit everyone.