Y-mAbs Announces Data to be Presented at 2020 ASCO Annual Meeting

On May 13, 2020 Y-mAbs Therapeutics, Inc. (the "Company" or "Y-mAbs") (Nasdaq: YMAB) a late-stage clinical biopharmaceutical company focused on the development and commercialization of novel, antibody-based therapeutic products for the treatment of cancer reported the acceptance of two poster presentations at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) ("ASCO") Virtual Annual Meeting, taking place virtually from May 29, 2020 to June 2, 2020 (Press release, Y-mAbs Therapeutics, MAY 13, 2020, View Source [SID1234557967]). The presentations were submitted by Jaume Mora, M.D., Ph.D. from SJD Barcelona Children’s Hospital:

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The role of autologous stem-cell transplantation in high-risk neuroblastoma consolidated by anti-GD2 immunotherapy. Results of 2 consecutive studies in a single referral institution
Naxitamab, a new generation anti-GD2 monoclonal antibody (mAb) for treatment of relapsed/ refractory high-risk neuroblastoma (HR-NB)
Researchers at MSK developed naxitamab, which is exclusively licensed by MSK to Y-mAbs. As a result of this licensing arrangement, MSK has institutional financial interests in the product.

Innate Pharma to present new efficacy data for monalizumab in combination with cetuximab in Head and Neck Cancer at the ASCO20 Virtual Scientific Program

On May 13, 2020 Innate Pharma SA (Euronext Paris: IPH – ISIN: FR0010331421; Nasdaq: IPHA) ("Innate" or the "Company") reported that it will present new data on its lead partnered asset, monalizumab, at the ASCO (Free ASCO Whitepaper)20 Virtual Scientific Program being held May 29-31, 2020 (Press release, Innate Pharma, MAY 13, 2020, View Source [SID1234557963]). The presentation will highlight a Phase II expansion cohort investigating the combination of monalizumab and cetuximab in patients with recurrent or metastatic head and neck squamous cell cancer (R/M SCCHN) who have been previously treated with platinum-based chemotherapy and PD-(L)1 inhibitors ("IO-pretreated"). Monalizumab is a potentially first-in-class immune checkpoint inhibitor targeting NKG2A receptors expressed on tumor infiltrating cytotoxic CD8+ T cells and NK cells.

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"We are pleased to present additional data on the combination of monalizumab and cetuximab in head and neck cancer at this year’s ASCO (Free ASCO Whitepaper) Virtual Scientific Program. These data further strengthen the encouraging response rates previously reported in our head and neck clinical trial program," commented Pierre Dodion, Chief Medical Officer of Innate Pharma. "While the study was not randomized, numerically, these data compare favorably with historical data reported for cetuximab alone or for immuno-oncology (IO) single agent in recurrent or metastatic head and neck cancer after one line of previous systemic therapy."

The poster discussion presentation (#177, abstract #6516), entitled "Combination of Monalizumab and Cetuximab in Patients with Recurrent or Metastatic Head and Neck Squamous Cell Cancer Previously Treated with Platinum-based Chemotherapy and PD-(L)1 Inhibitors," will be available on demand beginning at 8 a.m. ET on Friday, May 29 under the Head and Neck Cancer track.

Key Highlights from Phase II Expansion Study Cohort 2 ("IO-pretreated")
As of March 2020, 40 platinum and IO-pretreated patients achieved an overall response rate (ORR) of 20%, which confirms the activity previously reported in the post-hoc analysis in the IO-pretreated subgroup in cohort 1 (ORR = 17%, n=18). Responses were observed in platinum-sensitive (3/21) and platinum-resistant patients (5/19), as well as in IO-sensitive (3/17) and IO-resistant patients (5/23), in patients exposed to IO as last previous therapy (5/34) and IO as earlier treatment (3/6).

The combination of monalizumab and cetuximab demonstrated a manageable safety profile, supporting continued investigation. No adverse events led to treatment discontinuation. Seventeen patients (42%) experienced grade 3-4 adverse events. Only one patient (2%) experienced a grade 3-4 adverse event considered related to monalizumab: peripheral sensory neuropathy and asthenia. No treatment-related deaths were reported.

"The additional findings from this Phase II study are encouraging and validate the overall response rates previously observed with the combination of monalizumab and cetuximab for the treatment of recurrent or metastatic head and neck cancer, a malignancy with poor prognosis where novel, effective and tolerable therapies continue to be needed for this patient population," said Dr. Roger B. Cohen, Professor of Medicine at the Hospital of the University of Pennsylvania. "The dual-targeting action exhibited by the combination of this NKG2A monoclonal antibody, monalizumab, when paired with cetuximab has the potential to provide greater antitumor activity than cetuximab alone, the current standard of care. We look forward to further studies evaluating this novel combination."

As previously disclosed, the start of the Phase III trial of monalizumab in combination with cetuximab in IO-pretreated patients suffering from R/M SCCHN, which will be conducted by AstraZeneca (LSE/STO/NYSE: AZN), is expected in 2020.

About the Monalizumab Phase II Trial
This trial is an open-label, Phase Ib/II study testing monalizumab in combination with cetuximab in patients with R/M SCCHN. The Phase II portion of the trial is comprised of three expansion cohorts:

Expansion Cohort 1, which enrolled 40 patients, evaluated the combination of monalizumab and cetuximab in patients with R/M SCCHN who had been previously treated with chemotherapy alone or chemotherapy followed by checkpoint inhibitors.
Expansion Cohort 2, which enrolled 40 patients and is evaluating the combination of monalizumab and cetuximab in patients with R/M SCCHN who have received a maximum of two prior systemic regimens in the R/M setting and with prior exposure to a platinum and a PD-(L)1 inhibitor (who we refer to as IO-pretreated patients).
Expansion Cohort 3, which is expected to enroll up to 40 patients, began recruiting in April 2019 and is evaluating the combination of monalizumab, cetuximab and durvalumab in IO-naïve patients with R/M SCCHN.
The primary endpoint for the Phase II portion of the trial is objective response rate. Secondary endpoints for the Phase II portion of the trial include duration of response, progression-free survival and overall survival.

In expansion cohort 1, the combination of monalizumab and cetuximab demonstrated a manageable safety profile and a response rate of 27.5% (36% and 17% in IO-naïve and IO-pretreated patients, respectively). Data were presented at the ESMO (Free ESMO Whitepaper) 2019 Congress. Expansion cohorts 2 and 3 are currently ongoing.

About Monalizumab:
Monalizumab is a potentially first-in-class immune checkpoint inhibitor targeting NKG2A receptors expressed on tumor infiltrating cytotoxic CD8+ T cells and NK cells.

NKG2A is an inhibitory checkpoint receptor for HLA-E. By expressing HLA-E, cancer cells can protect themselves from killing by NKG2A+ immune cells. HLA-E is frequently overexpressed in the cancer cells of many solid tumors and hematological malignancies. Monalizumab may re-establish a broad anti-tumor response mediated by NK and T cells, and may enhance the cytotoxic potential of other therapeutic antibodies.

AstraZeneca obtained full oncology rights to monalizumab in October 2018 through a co-development and commercialization agreement initiated in 2015. The ongoing Phase II development for monalizumab is focused on investigating monalizumab in various combination strategies in different malignancies.

About Cetuximab:
Cetuximab is an anti-EGFR monoclonal antibody. NK cells mediate cetuximab-induced antibody dependent cellular cytotoxicity (ADCC) against SCCHN. Genetic and preclinical experiments suggest that ADCC can be enhanced by NK-stimulators.

The activity of cetuximab as a single agent in recurrent and/or metastatic SCCHN is limited, with a 12.6% overall response rate, a median time to progression of 2.3 months and a median overall survival of 5.8 months (Vermorken et al, JCO 2007).

Evotec SE reports first quarter 2020 results and provides corporate update

On May 13, 2020 Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) reported the financial results and corporate updates for the first quarter 2020 (Press release, Evotec, MAY 13, 2020, View Source;announcements/press-releases/p/evotec-se-reports-first-quarter-2020-results-and-provides-corporate-update-5939 [SID1234557960]).

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HIGHLIGHTS

STRONG PERFORMANCE IN BASE BUSINESS; INCREASED REVENUES DESPITE MODEST MILESTONE CONTRIBUTIONS IN Q1
15% increase in group revenues from contracts with customers to € 119.4 m (Q1 2019: € 103.8 m)
Strong revenue growth in both segments: EVT Execute revenues up 18% to € 118.2 m (Q1 2019: € 100.3 m), EVT Innovate revenues up 24% to € 23.3 m (Q1 2019: € 18.8 m)
Stable adjusted Group EBITDA of € 30.0 m (Q1 2019: € 30.0 m); adjusted EBITDA of € 35.4 m for EVT Execute (Q1 2019: € 32.2 m)
Increased commitment into unpartnered R&D with expenses of € 11.4 m (Q1 2019: € 8.1 m)
Continued strong strategic liquidity position of € 320.7 m (31 December 2019: € 320.0 m)
No material impact by COVID-19 pandemic on financial development so far

EVT EXECUTE & EVT INNOVATE – STRONG PERFORMANCE AND STRATEGIC POSITION IN BOTH BUSINESS SEGMENTS
Important step into gene therapy with Evotec GT and multi-year gene therapy research alliance with Takeda
New and extended drug discovery and development agreements in EVT Execute (e.g. Amgen, Ildong)
Just – Evotec Biologics on track for success: Strengthened position through first strategic J.POD partnership with MSD and continued good construction progress of the first J.POD facility in Seattle
Advancement of an additional endometriosis programme into clinical Phase I within Bayer alliance, triggering a € 2 m milestone payment
Strengthening of Evotec’s iPSC-based cell therapy platform EVOcells through licensing agreement with panCELLa
Regaining global rights on iPSC-based beta cell replacement therapy from Sanofi and initiation of EVT Innovate initiative QRbeta Therapeutics (after period-end)
Strategic equity investment and partnership with leon-nanodrugs expands formulation platform
Evotec contributing to selected global initiatives to fight Tuberculosis and COVID-19

GUIDANCE FOR FULL-YEAR 2020 CONFIRMED
Unchanged business outlook, taking into account currently visible negative COVID-19 effects
Total group revenues expected to range from € 440 – 480 m (2019: € 446.4 m)
Adjusted Group EBITDA expected to be in the range of € 100 – 120 m (2019: € 123.1 m)
Unpartnered Group R&D expenses of approx. € 40 m

More detailed information and financial tables are available in our Quarterly Statement Q1 published on the Evotec website under the following link: View Source

Webcast/Conference Call
The Company is going to hold a conference call to discuss the results as well as to provide an update on its performance in the reporting period. Furthermore, the Management Board will present an outlook for fiscal year 2020. The conference call will be held in English.

Conference call details

Date: Thursday, 14 May 2020

Time: 02.00 pm CEST (08.00 am EDT, 01.00 pm BST)

A simultaneous slide presentation for participants dialling in via phone is available at View Source

Webcast details

To join the audio webcast and to access the presentation slides you will find a link on our home page shortly before the event.

A replay of the conference call will be available for seven days after the conference and can be accessed in Europe by dialling +49 69 20 17 44 221 (Germany) or +44 20 3364 5150 (UK) and in the USA by dialling +1 844 307 9362. The access code is 315586222#. The on-demand version of the webcast will be available on our website under View Source

BerGenBio ASA: Invitation to First Quarter 2020 Results Webcast Presentation

On May 13, 2020 BerGenBio ASA (OSE: BGBIO), reported that it will announce its results for the first quarter 2020 on Tuesday 19 May 2020. A webcast presentation by BerGenBio’s senior management team will take place at 10 am CET (Press release, BerGenBio, MAY 13, 2020, View Source [SID1234557957]).

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The presentation will webcast live and the link will be available at www.bergenbio.com in the section Investors/Financial Reports. A recording will be available shortly after the webcast has finished.

The results report and presentation will be available at www.bergenbio.com in the section: Investors/Financial Reports from 7:00 am CET the same day.

Sosei Heptares Operational Highlights and Consolidated Results for the First Quarter 2020

On May 13, 2020 Sosei Group Corporation ("the Company"; TSE: 4565) reported its consolidated results for the first quarter ended 31 March 2020 (Press release, Sosei, MAY 13, 2020, View Source [SID1234557956]). The full report can be accessed by clicking here.

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Operational Highlights for Q1 2020

Strategy refocused and UK R&D organization realignment complete – strengthened focus on the execution of the next stage of growth strategy, which aims to leverage world-class Platform, Discovery and Early Development capabilities to advance and extend portfolio of Partnered Programs – presented at Annual General Meeting.
New appointments and promotions – Mr. Rolf Soderstrom was appointed as a new Board Director and Dr. Malcolm Weir was promoted to Executive Vice Chairman. Further promotions were made across the organization as part of the UK R&D realignment.
High-impact publication in Nature Reviews Drug Discovery – highlighting potential of structure-based approaches to generate peptide drugs targeting G protein-coupled receptors (GPCRs).
Excellent scientific progress made with orexin agonist program in conjunction with spin-off companies Orexia and Inexia – unique orexin modulator drug discovery and design engine assembled based on structural detail – triggered next tranche of funding from Medixci.
Measures put in place in response to COVID-19 pandemic – policies and practises have been rapidly implemented to ensure safety of employees and other stakeholders and to reduce the spread of coronavirus, while also prioritizing revenue-generating work for our major collaboration partners.
Post-period Highlights

New COVID-19 R&D program launched – multidisciplinary team created to apply world-leading structure-based drug design capabilities to the global research efforts to discover drugs targeting the SARS-CoV-2 coronavirus and to treat COVID-19, also considering future variants of SARS-CoV-2.
Enerzair Breezhaler (QVM149) recommended for approval in European Union as a maintenance treatment of uncontrolled asthma in adult patients – QVM149 is an investigational once-daily, potential first-in-class inhaled LABA/LAMA/ICS combination for asthma patients, in which Sosei Heptares has an economic interest. It is being developed by Novartis and currently under review in Europe, Japan and Canada, among other countries.
Further scientific progress made with orexin agonist program in conjunction with Orexia and Inexia – small molecule agonist bound orexin OX2 receptor solved and small molecule binding site identified – structure determined at significantly higher resolution than previously achieved and expected to provide improved insights to help optimize the discovery and development of novel molecules targeting neurological diseases.
Financial Highlights for the Three-month Period ended 31 March 2020

Revenue totalled JPY 1,162 million (US$10.7 million*) (a decrease of JPY 1,974 million (US$17.8 million) vs. the prior corresponding period), and was primarily related to (i) the absence of upfront payments from new business development deals, and (ii) no major milestone payments from existing collaborations. The timing of new business development deals and progress related to existing programs can vary considerably from quarter to quarter, and the Company expects to achieve new upfronts and milestone payments later in the fiscal year. The prior corresponding period included a one-off US$15 million major milestone payment from AstraZeneca.
Cash R&D expenses were strongly managed and totalled JPY 557 million (US$5.1 million) (a decrease of JPY 379 million (US$3.4 million) vs. the prior corresponding period), primarily related to the Company’s strategic decision to prioritize specific projects as a result of the COVID-19 outbreak.
Cash G&A expenses totalled JPY 437 million (US$4.0 million) (a decrease of JPY 120 million (US$1.0 million) vs. the prior corresponding period), and was primarily related to a reduction in our UK National Insurance liability linked to share-based payments as a result of the reduction in the Company’s share price over the quarter.
Cash profit** totalled JPY 12 million (US$0.1 million) vs. a cash profit of JPY 1,432 million (US$13.0 million) in the prior corresponding period. The main reason for the decrease was due to the decrease in revenue as stated above.
Net loss totalled JPY 746 million (US$6.9 million) vs. a net profit of JPY 1,018 million (US$9.2 million) in the prior corresponding period. The main reason for the net loss was due to the decrease in revenue as stated above.
The Company remains well capitalized, with cash at hand of JPY 16,335 million (US$150.0 million) as at 31 March 2020. The Company’s cash balance increased by approximately JPY 960 million (US$8.8 million) as a result of milestones received from Pfizer and UK tax refunds.
*Convenience conversion to US$ at the following rates: 2020: 1US$ =108.907 JPY; 2019: 1US$ =110.226 JPY

**Non-IFRS measure

Shinichi Tamura, Chairman, President and CEO of Sosei Heptares, commented: "Our operating environment has changed dramatically in recent months as a result of the SARS-CoV-2 pandemic. I am very pleased to report that the company has responded extremely well to these changes by rapidly implementing practises to keep our staff, and other parties with whom we interact, safe and prevent any further spread of the virus; this is our main priority. The measures we have put in place have also ensured a high level of business continuity and enabled us to work on revenue-generating collaborations and other areas of key importance to our business. I am impressed with and extremely grateful to our staff for the level of dedication and commitment they have shown, which has allowed them to deliver outstanding results and scientific achievements in these unprecedented circumstances."