New Study Finds Germline Genetic Testing Detects Actionable Findings Missed by Tumor-only Sequencing

On October 8, 2020 Invitae reported that Tumor-only genetic sequencing misses medically actionable genetic variants in cancer patients that germline genetic tests identify, according to a new study published this week in JAMA Network Open that included researchers (Press release, Invitae, OCT 8, 2020, View Source [SID1234568221]). The study also found that current clinical guidelines on who should be offered germline testing following tumor sequencing are too narrow, missing patients whose care could benefit from information about their germline genetic profile. Taken together, the study suggests the use of both tumor and germline testing provides the most complete and actionable genetic profiling to inform cancer treatment.

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"Tumor sequencing alone is not sufficient to provide the full genetic picture needed to inform cancer care. Our study uncovered a high rate of actionable findings from germline testing following tumor sequencing, including some which were missed by tumor profiling, offering a strong rationale for further integrating germline genetics into routine care for cancer patients," said Robert Nussbaum, M.D., chief medical officer of Invitae and one of the team of authors of the study from Invitae. "Complete genetic information impacts prognosis, precision therapy selection, clinical trial qualification and surgical decisions. Importantly, a number of patients in our study were experiencing their second cancer, one which could have potentially been caught earlier had their full genetic risk profile been known and appropriate actions taken."

The retrospective study of 2,023 cancer patients who received germline testing following tumor DNA sequencing found that nearly a third (30.5%) harbored a pathogenic germline variant. Importantly, eight percent of pathogenic germline variants were missed by tumor sequencing results reviewed for the study and 11 percent of these variants were identified in patients experiencing a second cancer. Approximately 20% of patients with pathogenic germline variants did not meet criteria for germline testing.

"The genetics of both the person and the tumor play an important role in making cancer treatment decisions. Expanding germline testing guidelines will ensure all cancer patients who can benefit from comprehensive genetics in their care will receive this information," said Dr. Nussbaum. "By capturing genetic information on both tumor biology and a patient’s inherited risk of disease, we can develop more effective, personalized treatment plans and help inform family members of additional inherited risk, helping improve outcomes for both patient and family."

Germline testing assesses genetic changes carried in all the cells of the body, changes that a person already has from conception, while tumor profiling (somatic) sequencing analyzes alterations in DNA within a tumor that are often acquired and drive its growth, particularly for patients with advanced disease. While tumor sequencing can detect both somatic and some germline mutations, the most commonly ordered tests fall short in reporting pathogenic germline gene variants because of technical limitations and variant interpretation differences. This germline information can inform a wide range of clinical decisions, from prognosis to precision therapy selection, surgical decisions, reproductive choices and clinical trial qualification. In addition, germline genetic information has important implications for the families of cancer patients who may be at elevated risk of developing cancer themselves.

BAUSCH HEALTH COMPANIES INC. PROVIDES PRELIMINARY UPDATE ON THIRD-QUARTER 2020 FINANCIAL RESULTS AND BUSINESS RECOVERY

On October 8, 2020 Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") reported a preliminary update on its third-quarter 2020 financial results and the pace of its business recovery from the COVID-19 pandemic (Press release, Bausch Health, OCT 8, 2020, View Source [SID1234568219]).

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Bausch Health expects third-quarter 2020 revenue to be greater than $2.1 billion, which would be a sequential increase of approximately 28% compared to the second quarter of 2020. Reported revenue in the second quarter of 2020 declined 23% compared to the second quarter of 2019, and the Company expects third-quarter 2020 reported revenue to decline approximately 3% compared to the third quarter of 2019.

Additionally, based on the pace of recovery of its various businesses observed in the third quarter of 2020 and assuming its businesses continue to rebound from the impact of the COVID-19 pandemic, Bausch Health currently expects its full-year 2020 revenue and Adjusted EBITDA (non-GAAP) to be around the midpoint of its current guidance ranges of $7.80 – $8.00 billion for revenue and $3.15 – $3.30 billion for 2020 Adjusted EBITDA (non-GAAP).

Other than with respect to GAAP Revenues, the Company only provides guidance on a non-GAAP basis. The Company does not provide a reconciliation of forward-looking Adjusted EBITDA (non-GAAP) to GAAP net income (loss), due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. In periods where significant acquisitions or divestitures are not expected, the Company believes it might have a basis for forecasting the GAAP equivalent for certain costs, such as amortization, which would otherwise be treated as non-GAAP to calculate projected GAAP net income (loss). However, because other deductions (such as restructuring, gain or loss on extinguishment of debt and litigation and other matters) used to calculate projected net income (loss) vary dramatically based on actual events, the Company is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income (loss) at this time. The amount of these deductions may be material and, therefore, could result in projected GAAP net income (loss) being materially less than projected Adjusted EBITDA (non-GAAP). The financial results estimates proposed above within the full-year guidance ranges reflect our assumptions due to the recovery of the Company’s business from the actual impacts of the COVID-19 pandemic in the third quarter. These impacts have affected the Company’s assumptions regarding base performance and growth rates. These statements represent forward-looking information and may represent a financial outlook, and actual results may vary. Please see the risks and assumptions referred to in the Forward-looking Statements section of this news release.

The Company will release its full financial results for the third quarter of 2020 on Tuesday, Nov. 3, 2020. Bausch Health will host a conference call and live web cast at 8:00 a.m. ET to discuss the results and provide a business update. All materials will be made available on the Investor Relations section of the Bausch Health website prior to the start of the call.

West to Host Third-Quarter 2020 Conference Call

On October 8, 2020 West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, reported that it will release third-quarter 2020 financial results before the market opens on Thursday, October 22, 2020, and will follow with a conference call to discuss the results and business expectations at 9:00 a.m. Eastern Time (Press release, West Pharmaceutical Services, OCT 8, 2020, View Source [SID1234568217]). To participate on the call, please dial 877-930-8295 (U.S.) or 253-336-8738 (International). The conference ID is 7564183.

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A live broadcast of the conference call will be available at the Company’s website, www.westpharma.com, in the "Investors" section. Management will refer to a slide presentation during the call, which will be made available on the day of the call. To view the presentation, select "Presentations" in the "Investors" section of the Company’s website.

An online archive of the broadcast will be available at the site three hours after the live call and will be available through Thursday, October 29, 2020, by dialing 855-859-2056 (U.S.) or 404-537-3406 (International). The conference ID is 7564183.

Reminder: Invitation to Roche’s 3rd Quarter Sales 2020 Webinar

On October 8, 2020 Roche reported that it will publish its Sales Results for the 3rd Quarter of 2020 prior to the opening of the Swiss Stock Exchange on Thursday, October 15th, 2020 (Press release, Hoffmann-La Roche, OCT 8, 2020, View Source [SID1234568212]).

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Philogen Announces Publication of Malignant Brain Tumor Study Results in Science Translational Medicine

On October 8, 2020 Philogen S.p.A., a clinical-stage biotechnology company focused on antibody-based therapeutics, reported that the publication of a peer-reviewed scientific article in Science Translational Medicine (Press release, Philogen, OCT 8, 2020, View Source [SID1234568206]). The article is entitled: "Immunocytokines are a promising immunotherapeutic approach against glioblastoma" (T. Weiss, E. Puca, M. Silginer, T. Hemmerle, S. Pazahr, A. Bink, M. Weller, D. Neri, P. Roth, Immunocytokines are a promising immunotherapeutic approach against glioblastoma. Sci. Transl. Med. 12, eabb2311 (2020)) and can be accessed here.

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The findings of the study show how Philogen’s proprietary antibody-cytokine fusions, called immunocytokines, demonstrated striking single-agent anti-cancer activity in immunocompetent preclinical models bearing orthotopic glioblastoma. Moreover, the treatment induced long-term tumor eradications in a proportion of the treated animals. These findings were of particular relevance as preclinical models with glioblastoma cannot be cured by any current standard of care.

The article also discusses initial clinical results of the first patients recruited in the PH-L19TNFGLIO-02/18 Phase I/II trial. Early findings showed that Philogen’s proprietary treatment, onkekafusp alpha (L19TNF), when used as a monotherapy induced not only a selective tumor necrosis in all patients (evidenced by contrast-enhanced and perfusion Magnetic Resonance Imaging), but also provided cases of prolonged disease stabilization. During the study, the treatment was shown to be safe and well tolerated.

The ongoing Phase I/II clinical study (PH-L19TNFGLIO-02/18, View Source) is investigating the use of L19TNF as a single-agent for the treatment of high-grade glioma at first recurrence/relapse, a patient population with an otherwise very poor prognosis. TNF is delivered to cancer lesions by the L19 antibody specific to the EDB domain of Fibronectin, a marker for angiogenesis that is expressed in virtually all patients with malignant glioma. The Company has previously demonstrated by nuclear medicine procedures in more than 50 patients, that the L19 antibody could efficiently localize in primary and secondary brain tumors.

The phase I/II study is open label, in subjects with glioblastoma at first recurrence/relapse and will be conducted in two parts: (i) a dose finding part to determine the recommended dose of L19TNF (the data of this part of the study are published in the paper), (ii) followed by a signal seeking part that investigates first signs of activity.

"We are very excited about the excellent preclinical results obtained in collaboration with Philogen, which is a leader in the field of targeted delivery of cytokine therapeutics. The emerging clinical results of the ongoing study with L19TNF in glioblastoma – the most malignant brain tumor – provides hope for an alternative therapeutic opportunity for patients suffering from this terrible disease. In a next step, we aim at understanding the potential of L19TNF by investigating the product in larger randomised trials." commented Prof. Michael Weller, Chairman of the Department of Neurology at the University Hospital in Zurich.

Prof. Dario Neri, Co-Chief Executive Officer of Philogen, added: "Our treatment is demonstrating effectiveness at switching the immunologically cold glioma microenvironment into a hot one, enabling effective antitumor immunity. We are delighted with the progress being made with our immunocytokine and are pleased with the great promise this could bring to patients with malignant brain tumors."

The clinical study is led by Prof. Michael Weller, Dr. Patrick Roth and Dr. Tobias Weiss at the Department of Neurology of the University of Zurich. Philogen acts as the sponsor of the trial.