CYTOKINETICS TO PRESENT AT THE CANTOR FITZGERALD GLOBAL HEALTHCARE CONFERENCE

On September 26, 2019 Cytokinetics, Incorporated (Nasdaq: CYTK) reported that Robert I. Blum, President and Chief Executive Officer, is scheduled to present a corporate update at the Cantor Fitzgerald Global Healthcare Conference on Thursday, October 3, 2019 at 10:40 AM ET at the InterContinental New York Barclay Hotel in New York City (Press release, Cytokinetics, SEP 26, 2019, View Source [SID1234539856]).

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Interested parties may access the live webcast of this presentation by visiting the Investors & Media section of the Cytokinetics website at www.cytokinetics.com. The webcast replay of the presentation will be archived on the Presentations page within the Investors & Media section of Cytokinetics’ website for 90 days following the conclusion of the event.

Entry into a Material Definitive Agreement

On September 26, 2019, XOMA (US) LLC (the "Company"), a wholly-owned subsidiary of XOMA Corporation, reported that entered into a royalty purchase agreement (the "Purchase Agreement") with Palo Biofarma, S.L. ("Palo"), a company organized and existing under the laws of Spain (Filing, 8-K, Xoma, SEP 26, 2019, View Source [SID1234539844]). Pursuant to the Purchase Agreement, the Company acquired the rights to potential royalty payments in low single digit percentages of aggregate Net Sales (as defined in the Purchase Agreement) associated with six drug candidates in various clinical development stages, targeting the adenosine pathway with potential applications in solid tumors, asthma/chronic obstructive pulmonary disease, inflammatory bowel disease, idiopathic pulmonary fibrosis, lung cancer, psoriasis and nonalcoholic steatohepatitis and other indications (the "Licensed Products") that are being developed by Palo. Novartis Pharma AG is a development partner on one of the Licensed Products (the "Licensee") and such Licensed Product is being developed pursuant to a license agreement between Palo and the Licensee.

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Under the terms of the Purchase Agreement, the Company will pay Palo $10 million (the "Payment") for the rights to potential royalty payments on future sales of the Licensed Products. The Company plans to partially finance the Payment by drawing a $5 million term loan under its Loan and Security Agreement with Silicon Valley Bank dated May 7, 2018, as amended on March 4, 2019, as previously filed as an exhibit to the Company’s Quarterly Reports on Form 10-Q for the three month period ending June 30, 2018 and the three month period ending March 31, 2019.

The Purchase Agreement also contains customary representations, warranties, covenants and indemnities. The Purchase Agreement will terminate six (6) months following the full satisfaction of any amounts due under any of the License Agreements (as defined in the Purchase Agreement) and receipt by the Company of all payments to which it is entitled under the Purchase Agreement.

The description of the Purchase Agreement contained herein does not purport to be complete, and is qualified in its entirety by reference to such Purchase Agreement, together with the exhibits thereto, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2019.

Proteostasis Therapeutics to Present at the 2019 Cantor Global Healthcare Conference

On September 26, 2019 Proteostasis Therapeutics, Inc. (NASDAQ:PTI), a clinical stage biopharmaceutical company dedicated to the discovery and development of groundbreaking therapies to treat cystic fibrosis (CF) and other diseases caused by dysfunctional protein processing, reported that Proteostasis management will present at the 2019 Cantor Global Healthcare Conference on Thursday, October 3, 2019 at 8:55 a.m. ET at the InterContinental New York Barclay (Press release, Proteostasis Therapeutics, SEP 26, 2019, View Source [SID1234539839]).

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A live audio webcast of the Cantor conference presentation will be available on the Investor Events page in the Investors & Media section of the Company’s website, www.proteostasis.com. A replay of the webcast will be available on the Company’s website following the presentation.

Clinical Data Presented from PIVOT-02 Study of Bempegaldesleukin (NKTR-214) with Nivolumab in Triple-Negative Breast Cancer Patients at the 2019 CRI-CIMT-EATI-AACR International Cancer Immunotherapy Conference

On September 26, 2019 Nektar Therapeutics (Nasdaq: NKTR) reported a presentation of new clinical data for bempegaldesleukin (bempeg, NKTR-214) in combination with nivolumab in patients with advanced or metastatic triple-negative breast cancer (TNBC) at the 2019 CRI-CIMT-EATI-AACR International Cancer Immunotherapy Conference (CIMT) (Free CIMT Whitepaper) in Paris, France (Press release, Nektar Therapeutics, SEP 26, 2019, View Source [SID1234539838]).

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"Among all the breast cancer types, triple-negative breast cancer has the poorest prognosis and new treatment options are needed for our patients," said Sara M. Tolaney, M.D., MPH, Associate Director of the Susan F. Smith Center for Women’s Cancers at Dana-Farber Cancer Institute and Assistant Professor of Medicine at Harvard Medical School. "While checkpoint inhibitors in combination with taxanes have been shown to provide survival benefit to advanced TNBC patients whose tumors are positive for PD-L1, more effective treatment combinations are needed, particularly for those patients whose tumors are PD-L1 negative."

TNBC is a type of breast cancer that tests negative for estrogen receptors, progesterone receptors, and excess HER2 protein. It accounts for up to 20% of all breast cancer cases, occurring more frequently in young premenopausal women.*

"The data presented today in patients with metastatic TNBC demonstrate the promising clinical activity of bempeg plus nivolumab, most notably in patients with PD-L1 negative baseline tumors," said Mary Tagliaferri, M.D., Chief Medical Officer at Nektar Therapeutics. "Responses were prolonged and occurred in patients with multiple negative predictive factors for clinical benefit with a checkpoint inhibitor, including prior treatment with taxane therapy and multiple sites of metastases. These data support potential future development of this doublet in combination with chemotherapy in the population of TNBC patients with the highest unmet medical need."

The preliminary results from patients enrolled in the TNBC cohort in the ongoing PIVOT-02 Phase 1/2 study were shared in a poster presentation today titled, "Clinical activity of BEMPEG plus NIVO observed in metastatic TNBC: preliminary results from the TNBC cohort of the Ph1/2 PIVOT-02 study" by Sara M. Tolaney, M.D., MPH, et al.

Highlights from the CRI-CIMT-EATI-AACR presentation in metastatic TNBC patients include:

Clinical Efficacy:
Investigator-assessed response measured per RECIST 1.1 for efficacy-evaluable patients treated at the recommended Phase 2 dose (RP2D) and with ≥1 post-treatment scan as of July 1, 20191:

All patients had at least one or more poor prognostic features or negative predictive clinical factors (high LDH, # of metastatic sites, prior taxane, early relapser) for checkpoint inhibitor (CPI) benefit, including those who were baseline PD-L1 negative.2-4
Confirmed overall objective response rate (ORR) was 13% (5/38) in all efficacy-evaluable patients.5 24 of 38 efficacy-evaluable patients were relapsed/refractory to prior chemotherapy regimens in the metastatic setting (>2/3L metastatic setting). All 5 confirmed responders had received at least one line of chemotherapy for metastatic disease prior to study entry. One patient with a confirmed partial response (PR) had a 100% reduction in RECIST target lesions and went off therapy as a result of achieving maximal clinical benefit at 20.7 months; the remaining four responders are ongoing treatment with prolonged responses.
ORR was 21% (5/24) in the >2/3L metastatic patients, with an ORR of 23% (3/13) in >2/3L metastatic patients who had a PD-L1 negative baseline tumor status.
Among the 34 patients with known pre-treatment PD-L1 status, ORR in PD-L1 negative patients was 14% (3/22) and in PD-L1 positive patients was 17% (2/12).
Disease control rate (DCR) in the overall efficacy-evaluable population was 45% (defined as complete response (CR) + PR + stable disease (SD)).
In patients with RECIST response, no patients discontinued due to disease progression.
Clinical Safety:

The combination of bempegaldesleukin and nivolumab was well tolerated, and treatment-related adverse events (TRAEs) were similar to what was previously reported. A total of 26%(11/43) patients experienced a Grade 3/4 TRAE, with 2 patients discontinuing due to a TRAE. The most common Grade 3/4 TRAEs were dehydration (4.7%), hypotension (4.7%), and myalgia (4.7%).
A copy of Dr. Tolaney’s poster presentation of PIVOT-02 data is available on Nektar’s corporate website at View Source
Analyst Call with Nektar Management and Breast Cancer Specialist, Dr. Sara Tolaney of Dana-Farber Cancer Institute
Nektar will webcast an analyst conference call today, Thursday, September 26, 2019, at 2:30 p.m. CEST. The conference call may be accessed by dialing 877-881-2183 (toll-free) or 970-315-0453 (international) with the conference call passcode 1998093. The webcast and slides for the conference call can be accessed through a link posted on the Investors section of the Nektar website at View Source The webcast of the conference call will be available for replay through December 26, 2019.

About Bempegaldesleukin (Bempeg, NKTR-214)
Bempeg is an investigational, first-in-class, CD122-preferential IL-2 pathway agonist designed to provide rapid activation and proliferation of cancer-killing immune cells, known as CD8+ effector T cells and natural killer (NK) cells, without over activating the immune system. The agent is designed to stimulate these cancer-killing immune cells in the body by targeting CD122 specific receptors found on the surface of these immune cells. CD122, which is also known as the Interleukin-2 receptor beta subunit, is a key signaling receptor that is known to increase proliferation of these effector T cells.6 In clinical and preclinical studies, treatment with bempegaldesleukin resulted in expansion of these cells and mobilization into the tumor micro-environment.7,8 Bempegaldesleukin has an antibody-like dosing regimen similar to the existing checkpoint inhibitor class of approved medicines.

PDL BioPharma to Participate in the 2019 Cantor Fitzgerald Global Healthcare Conference

On September 26, 2019 PDL BioPharma, Inc. ("PDL" or the "Company") (NASDAQ: PDLI) reported that Dominique Monnet, PDL’s president and chief executive officer, will present at the 2019 Cantor Fitzgerald Global Healthcare Conference on Friday, October 4, 2019, at 1:10 p.m. Eastern time (10:10 a.m. Pacific time) (Press release, PDL BioPharma, SEP 26, 2019, View Source [SID1234539836]). The conference is being held at the Intercontinental New York Barclay Hotel.

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To access the live and subsequently archived webcast of the presentation, visit the Company’s website at View Source, go to the Investor Relations section and select "Events & Presentations." Please connect to the website at least 15 minutes prior to the presentation to allow for any software download that may be necessary. The archived webcast will be available for at least seven days following the presentation.