Phosplatin Therapeutics Doses First Patient in Phase 2 Study of PT-112 in Metastatic Castration Resistant Prostate Cancer Patients

On October 22, 2020 Phosplatin Therapeutics, a clinical stage pharmaceutical company focused on oncology therapeutics, reported that the first patient has been dosed in the Phase 2 study of PT-112 in patients with metastatic castration-resistant prostate cancer (mCRPC) (Press release, Phosplatin, OCT 22, 2020, View Source [SID1234568876]). The Phase II study builds upon encouraging signals of drug activity observed in Phase 1 studies previously reported, and will enroll up to 60 patients. PT-112 is a small-molecule immunogenic cell death inducer that is the first pyrophosphate conjugate under active development within anti-cancer therapy. The pyrophosphate component of PT-112 engenders osteotropism that is advantageous in dealing with mCRPC that metastasizes to the bone.

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"The initiation of this Phase 2 study represents a significant milestone for patients and our company, as we continue to assess PT-112 as a monotherapy in heavily pre-treated mCRPC patients, who currently have limited therapeutic options," said Joseph F. O’Donnell, MD, Interim Chief Medical Officer of Phosplatin. "Advanced metastatic prostate cancer is known to be immunologically ‘cold’ and to have an extremely high rate of bone metastatic disease. With PT-112’s unique combination of immunogenic cell death induction and osteotropism, we hope to replicate positive results from our Phase 1 studies, including reduction in disease burden and pain."

The purpose of the Phase 2 multi-center, open-label study is to confirm the appropriate dose level and to evaluate preliminary evidence of efficacy of PT-112 in late-line mCRPC patients. Secondary objectives include a range of outcome measures that are derived from the Prostate Cancer Working Group 3 (PCWG3) criteria, along with exploratory endpoints and an array of correlative studies using patient samples.

Further information on this clinical trial (NCT 02266745) can be found at clinicaltrials.gov.

About PT-112

PT-112 is a novel small molecule conjugate of pyrophosphate that possesses a unique pleiotropic mechanism of action that promotes immunogenic cell death (ICD) through the release of specific damage associated molecular patterns (DAMPs) that bind to dendritic cells and lead to downstream immune effector T-cell recruitment in the tumor microenvironment. PT-112 represents the best-in-class small molecule inducer of this immunological form of cancer cell death and is under Phase 2 development. The first in-human study of PT-112 demonstrated an attractive safety profile and evidence of long-lasting responses among heavily pre-treated patients and won "Best Poster" within the Developmental Therapeutics category at the ESMO (Free ESMO Whitepaper) 2018 Annual Congress. The novelty of PT-112’s pyrophosphate moiety also results in osteotropism, or the propensity of the drug to reach the mineralized bone. This property is of interest in cancer types that originate in or metastasize to the bone. The first human clinical results in mCRPC were presented at the 2020 Genitourinary Cancers Symposium.

Alkermes to Host Conference Call to Discuss Third Quarter 2020 Financial Results

On October 22, 2020 Alkermes plc (Nasdaq: ALKS) reported that it will host a conference call and webcast presentation at 8:00 a.m. ET (12:00 p.m. GMT) on Thursday, Oct. 29, 2020 to discuss the company’s third quarter 2020 financial results (Press release, Alkermes, OCT 22, 2020, https://www.prnewswire.com/news-releases/alkermes-to-host-conference-call-to-discuss-third-quarter-2020-financial-results-301158333.html [SID1234568875]). Management will also provide an update on the company.

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The webcast player and accompanying slides may be accessed on the Investors section of Alkermes’ website at www.alkermes.com. The conference call may be accessed by dialing +1 877 407 2988 for U.S. callers and +1 201 389 0923 for international callers.

A replay of the conference call will be available from 11:00 a.m. ET (3:00 p.m. GMT) on Thursday, Oct. 29, 2020, through Thursday Nov. 5, 2020, and may be accessed by visiting Alkermes’ website or by dialing +1 877 660 6853 for U.S. callers and +1 201 612 7415 for international callers. The replay access code is 13712082.

Milestone Pharmaceuticals Announces Proposed Public Offering of Common Shares and Pre-Funded Warrants

On October 22, 2020 Milestone Pharmaceuticals Inc. (Nasdaq: MIST), a Phase 3 clinical-stage biopharmaceutical company dedicated to developing and commercializing etripamil for the treatment of cardiovascular indications, reported that it intends to offer and sell common shares and, to certain investors in lieu thereof, pre-funded warrants to purchase common shares, in an underwritten public offering (Press release, Milestone Pharmaceuticals, OCT 22, 2020, View Source [SID1234568874]). All of the securities in the offering will be sold by Milestone. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

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Jefferies and Piper Sandler are acting as joint book-running managers for the offering. Milestone expects to grant the underwriters a 30-day option to purchase additional common shares in the proposed offering of up to 15% of the aggregate number of common shares plus the common shares underlying the pre-funded warrants being offered in the offering.

Milestone intends to use the net proceeds from the offering primarily to fund the clinical development of its lead product candidate etripamil, and for working capital, capital expenditures and other general corporate purposes.

The securities described above are being offered by Milestone pursuant to a shelf registration statement on Form S-3 (File No. 333-239318) filed with the Securities and Exchange Commission ("SEC") on June 19, 2020 and declared effective by the SEC on July 6, 2020. A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at View Source Copies of the preliminary and final prospectus supplements relating to the offering may be obtained, when available, by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at [email protected]; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924 or by email at [email protected].

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

Nevro to Report Third Quarter 2020 Financial Results

On October 22, 2020 Nevro Corp. (NYSE: NVRO), a global medical device company that is providing innovative, evidence-based solutions for the treatment of chronic pain, reported that the Company will release its financial results for the third quarter ended September 30, 2020 after the market closes on November 5, 2020 (Press release, Nevro, OCT 22, 2020, View Source [SID1234568873]).

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Management will host a conference call on November 5, 2020 to discuss third quarter 2020 financial results. The call will begin at 1:30 pm PT/ 4:30 pm ET. Investors interested in listening to the call may do so by dialing (866) 324-3683 in the U.S. or +1 (509) 844-0959 internationally, using Conference ID: 6693376. In addition, a live webcast, as well as an archived recording, will be available on the "Investors" section of the Company’s website at: www.nevro.com.

Universal Health Services, Inc. Announces Date For Third Quarter 2020 Earnings Release And Conference Call

On October 22, 2020 Universal Health Services, Inc. (NYSE: UHS) reported that it will report results for its third quarter ended September 30, 2020 after the market closes on­­­­­­ Thursday, October 29, 2020 (Press release, Universal Health Services, OCT 22, 2020, View Source [SID1234568872]). There will be a conference call for investors and analysts at 10:00 a.m. Eastern Time on Friday, October 30, 2020. The dial-in number is 1-877-648-7971.

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A live broadcast of the conference call will be available on the company’s website at www.uhsinc.com. Also, a replay of the call will be available following the conclusion of the live call for one full year.

Universal Health Services, Inc. is one of the nation’s largest hospital companies operating through its subsidiaries acute care hospitals, behavioral health facilities and ambulatory centers located throughout the United States, the United Kingdom, and Puerto Rico.