Pediatric Cancer Researchers Receive $1.3 Million to Study Precise Treatment for Neuroblastoma

On November 16, 2020 Today Children’s Hospital of Philadelphia (CHOP) and Gustave Roussy, a cancer-research institute based in France, reported that were awarded a grant from a group of neuroblastoma clinical research charities led by Solving Kids’ Cancer UK and Solving Kids’ Cancer (US) that will support parallel phase 3 clinical trials developed by the Children’s Oncology Group (COG) and The International Society of Paediatric Oncology Europe Neuroblastoma Group (SIOPEN) (Press release, CHOP, NOV 16, 2020, View Source [SID1234571178]). This is the first-ever collaboration between the North American and European pediatric cancer consortia focused on neuroblastoma. The grant, distributed over a four-year period, will be split between CHOP and Gustave Roussy.

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Additional charity partners providing the research funds include Band of Parents, Joining Against Cancer in Kids (J-A-C-K), Ronan Thompson Foundation, Wade’s Army, and Zoé4life.

Yael Mossé, MD, a physician-scientist who focuses on neuroblastoma in CHOP’s Cancer Center, will co-lead this collaboration with COG and Dominique Valteau-Couanet, MD, PhD, the division chief of Pediatric Oncology at Gustave Roussy.

"This exciting collaboration is an important step in developing better treatments for children with neuroblastoma," said Dr. Mossé. "Only one new drug has been approved by the FDA for neuroblastoma in the past 30 years. We hope this collaboration between North American and European researchers will bring more targeted therapies to children newly diagnosed with this disease."

"This collaboration will allow us to evaluate a targeted therapy upfront in combination with the standard treatment developed by COG and SIOPEN for children with high-risk neuroblastoma. It is a unique opportunity to demonstrate the impact of such targeted therapies in this disease," said Dr. Valteau-Couanet. "The collaboration is the result of a confident relationship developed between our two groups during the last decade. This trial is the first step of a collaboration that will help to answer questions that could not be solved otherwise".

Neuroblastoma is the most common pediatric cancer diagnosed in infancy, with approximately 90 percent of children with the disease diagnosed before the age of five. In North America and Europe, some 1,500 children are diagnosed with severely malignant, high-risk neuroblastoma each year, which requires intense and grueling treatment. Fewer than half of those with high-risk disease live more than five years after diagnosis, and those who do survive often suffer lifelong side effects, including hearing loss, learning disabilities, and secondary malignant cancers.

In order to develop a more effective and less toxic treatment for neuroblastoma, clinical trials developed within COG and SIOPEN will target mutations in the ALK oncogene, which are found in 14 percent or more of patients with newly diagnosed neuroblastoma and have recently been implicated in relapses of the disease. Through a partnership with Pfizer Pharmaceuticals and the New Approaches to Neuroblastoma Therapy (NANT), researchers at CHOP led by Mossé’s laboratory have discovered a highly specific and potent ALK inhibitor, lorlatinib, a drug currently used to treat lung cancer that would impede the pro-cancer activities of these ALK mutations and potentially have a significant impact in neuroblastoma patients.

In parallel Phase 3 clinical trials within COG in North America and SIOPEN in Europe, the researchers hope to use lorlatinib to substantially improve the survival for patients with newly diagnosed high-risk neuroblastoma whose tumors harbor an activated ALK gene mutation. The collaboration, known as TITAN: Transatlantic Integration Targeting ALK in Neuroblastoma, will involve simultaneous evaluation of the addition of lorlatinib to both COG’s and SIOPEN’s high-risk neuroblastoma treatment regimens, merging the data with the aim of accelerating lorlatinib approval if the drug is effective.

"This is a landmark step in clinical research for children with neuroblastoma," said Andy Pearson, MD, Chair of the Solving Kids’ Cancer UK Scientific Advisory Board, which managed the grant review and award process. "With pediatric cancer hugely underfunded in comparison to adult cancer, there is an urgent need for breakthrough treatments for the most difficult-to-cure childhood cancers like neuroblastoma. This trial has the potential to accelerate the discovery of a new treatment and lay the foundation for future collaborations of this nature."

Proteostasis Therapeutics Reports Third Quarter 2020 Financial Results

On November 16, 2020 Proteostasis Therapeutics, Inc. (Nasdaq:PTI), a clinical stage biopharmaceutical company, reported financial results for the third quarter ended September 30, 2020 (Press release, Proteostasis Therapeutics, NOV 16, 2020, View Source [SID1234571176]).

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In August 2020, Proteostasis and Yumanity Therapeutics, Inc. ("Yumanity"), announced the two companies had entered into a definitive merger agreement. If the merger is completed, Yumanity will become a wholly-owned subsidiary of Proteostasis, and the current stockholders of Yumanity will become the majority owners of Proteostasis’ outstanding common stock. Completion of the merger is subject to the satisfaction of certain closing conditions, including approval of the transaction by Proteostasis’ and Yumanity’s stockholders. Upon the satisfaction or waiver of the terms and conditions required under the merger agreement, including receiving the requisite stockholder approvals, the combined company is expected to operate under the name Yumanity Therapeutics, Inc. and trade on the Nasdaq Capital Market under the ticker symbol "YMTX". The transaction is expected to close in the fourth quarter of 2020, subject to approvals by stockholders of each company and other customary closing conditions.

Third Quarter 2020 Financial Results

Proteostasis reported a net loss of approximately $8.2 million for the three months ended September 30, 2020, as compared to a net loss of $12.8 million for the same period in the prior year.

Proteostasis recorded no revenue in the three months ended September 30, 2020 and 2019.

Research and development expenses for the three months ended September 30, 2020 were $1.2 million, as compared to $10.1 million for the same period in the prior year. The decrease in research and development expenses for the three months ended September 30, 2020 compared to the three months ended September 30, 2019 was primarily due to a decrease in clinical-related research activities.

General and administrative expenses for the three months ended September 30, 2020 were $4.5 million, as compared to $3.2 million for the same period in the prior year. The increase in general and administrative expenses for three months ended September 30, 2020 compared to September 30, 2019 was due primarily to an increase in professional fees in connection with the proposed merger with Yumanity Therapeutics.

Restructuring costs were $2.4 million for the three months ended September 30, 2020, consisting primarily of severance-related costs associated with a reduction in force undertaken in connection with the proposed merger with Yumanity Therapeutics. There were no restructuring costs for the three months ended September 30, 2019.

Cash, cash equivalents and short-term investments totaled $40.8 million as of September 30, 2020, compared to $69.5 million as of December 31, 2019. Proteostasis believes that its existing cash, cash equivalents and short-term investments are sufficient to fund its operations for at least 12 months from the date that its consolidated financial statements are issued and through the completion of the proposed merger with Yumanity Therapeutics.

Danaher To Present At Wolfe Research Healthcare Conference

On November 16, 2020 Danaher Corporation (NYSE: DHR) reported that Executive Vice President and Chief Financial Officer, Matt McGrew, will be presenting at the Wolfe Research Healthcare Conference on Thursday, November 19, 2020 at 12:00 p.m. ET (Press release, Danaher, NOV 16, 2020, View Source [SID1234571174]). The audio will be simultaneously webcast on www.danaher.com.

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KDx Diagnostics And Lister Hospital Announce Exciting New Results With The Non-Invasive URO17™ Urine Test For Bladder Cancer In Hematuria Patients

On November 16, 2020 KDx Diagnostics, Inc. (KDx), and Lister Hospital (East and North Hertfordshire NHS Trust), Stevenage, UK,reported a joint publication describing how KDx’s URO17 test performed in patients with hematuria (blood in urine) (Press release, KDx Diagnostics, NOV 16, 2020, View Source [SID1234571173]). URO17 test, based on an exciting new bladder cancer marker, is urine-based and non-invasive and was able to detect the presence of bladder accurately in hematuria.

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There are over 197,000 newly diagnosed cases of bladder cancer in Europe, and 430,000 globally, with 81,000 cases in the US alone. Accurate detection of new bladder cancer is currently very difficult and expensive, requiring invasive camera-based testing methodology. Excitingly, the data showed KDx’s URO17 test had 100% sensitivity and 92.6% specificity in detecting new bladder cancer in patients with hematuria in this study.

"Previously, we have shown that the URO17 test exhibited 100% sensitivity and 96% specificity in detecting recurrent bladder cancer from urine samples (Babu et. al., 2018). This study confirms the accuracy of URO17 in detecting bladder cancer in the same matrix (non-invasive urine samples), but importantly expands on the previous findings by demonstrating that URO17 test can be reliably used to detect new bladder cases in patients with hematuria," said Nam W. Kim, Ph.D., KDx’ CEO, and CTO.

"We are delighted with this publication, which documents our successful collaboration with Mr. Nikhil Vasdev in this important study. Together with our recent CE Marking for the URO17-IVD test, this publication and our collaboration position us to bring this important test to patients in UK and Europe," said Sholeh Jahanfard, President and COO of KDx.

Mr. Nikhil Vasdev – Consultant Urological Surgeon at Lister Hospital and Associate Medical Director for cancer services at East and North Hertfordshire NHS Trust, which runs the hospital – is the chief investigator and the lead author of the study. "We are pleased to be the first group in Europe to report on the high accuracy of URO17 test in detecting the presence of bladder cancer in patients who have not been previously diagnosed with the disease," said Mr. Vasdev, who is also a Senior Clinical Lecturer at the University of Hertfordshire. "Our ability to detect bladder cancer simply, accurately, and non-invasively using URO17 will greatly improve detection at an early stage when it can be treated most effectively," he added.

Dr. Michael Chilvers, Medical Director at East and North Hertfordshire NHS Trust and also a co-author of the URO17 publication, said: "I am extremely proud of our urology department being at the forefront of this groundbreaking publication in Europe. URO17 shows real promise in improving bladder cancer patient care."

Bristol Myers Squibb Provides Regulatory Update on Lisocabtagene Maraleucel (liso-cel)

On November 16, 2020 Bristol Myers Squibb (NYSE: BMY) reported that the U.S. Food and Drug Administration (FDA) has informed the company that its review of the Biologics License Application (BLA) for lisocabtagene maraleucel (liso-cel) for the treatment of adults with relapsed or refractory (R/R) large B-cell lymphoma after at least two prior therapies will not be completed by the Prescription Drug User Fee Act (PDUFA) action date of November 16, 2020 (Press release, Bristol-Myers Squibb, NOV 16, 2020, View Source [SID1234571170]).

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The FDA was unable to conduct an inspection of a third-party manufacturing facility in Texas during the current review cycle due to travel restrictions related to the COVID-19 pandemic. Therefore, the FDA is deferring action on the application until the inspection can be completed. The application remains under review. The FDA did not provide a new anticipated action date.

"Bristol Myers Squibb continues to work closely with the FDA to support the ongoing review of the BLA for liso-cel," said Samit Hirawat, M.D., executive vice president, chief medical officer, global drug development, Bristol Myers Squibb. "We are committed to bringing liso-cel to patients with relapsed or refractory large B-cell lymphoma who still have significant unmet need."

The BLA is based on the safety and efficacy results from the TRANSCEND NHL 001 trial, evaluating liso-cel in 268 patients with R/R large B-cell lymphoma, including diffuse large B-cell lymphoma (DLBCL), high-grade lymphoma, primary mediastinal B-cell lymphoma and Grade 3B follicular lymphoma. TRANSCEND NHL 001 is the largest study of CD19-directed CAR T cells to support a BLA to date.

For Holders of Contingent Value Rights (CVR), Ticker BMY-RT

U.S. FDA approval of liso-cel by December 31, 2020 is one of the required remaining milestones of the Contingent Value Rights issued upon the close of the Celgene acquisition in the fourth quarter of 2019. The other is U.S. FDA approval of Idecabtagene Vicleucel (ide-cel) by March 31, 2021. The company is committed to working with the FDA to progress both applications to achieve the remaining regulatory milestones required by the CVR.

Bristol Myers Squibb: Creating a Better Future for People with Cancer

Bristol Myers Squibb is inspired by a single vision — transforming people’s lives through science. The goal of the company’s cancer research is to deliver medicines that offer each patient a better, healthier life and to make cure a possibility. Building on a legacy across a broad range of cancers that have changed survival expectations for many, Bristol Myers Squibb researchers are exploring new frontiers in personalized medicine, and through innovative digital platforms, are turning data into insights that sharpen their focus. Deep scientific expertise, cutting-edge capabilities and discovery platforms enable the company to look at cancer from every angle. Cancer can have a relentless grasp on many parts of a patient’s life, and Bristol Myers Squibb is committed to taking actions to address all aspects of care, from diagnosis to survivorship. Because as a leader in cancer care, Bristol Myers Squibb is working to empower all people with cancer to have a better future.