The Pancreatic Cancer Collective Extends Four Research Teams in $16 Million Push for New Therapies

On March 5, 2020 The Pancreatic Cancer Collective, the strategic partnership of Lustgarten Foundation and Stand Up To Cancer (SU2C), reported that it has awarded additional funding of up to $16 million to four teams of top researchers as part of its "New Therapies Challenge Grants," the American Association for Cancer Research (AACR) (Free AACR Whitepaper), Scientific Partner of SU2C, (Press release, The Pancreatic Cancer Collective, MAR 5, 2020, View Source [SID1234555260]).

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The additional support builds on a first round of funding announced in November 2018. These four teams originally received up to $1 million each to pursue preclinical work over 13 months, including several projects seeking to repurpose drugs approved for other uses for their potential to treat pancreatic cancer. These teams demonstrated the most promising preliminary results to allow them to take potential therapies into clinical trials. Pancreatic cancer is one of the deadliest forms of cancer, with a five-year survival rate of about 9 percent, according to the National Cancer Institute.

"These ‘Challenge Grants’ seeking new treatments for pancreatic cancer are working exactly as intended," said Phillip A. Sharp, PhD, the Nobel laureate and MIT scientist who serves as chair of the SU2C Scientific Advisory Committee. "These are important new investigations that have the potential to save lives with new approaches to therapy."

Each team will receive up to $4 million over a three-year term for the studies focused on clinical trials.

"We are impressed by the results of the first round," said David A. Tuveson, MD, PhD, chief scientist of the Lustgarten Foundation and director of the cancer center at Cold Spring Harbor Laboratory in New York. "Under this phased ‘Challenge Grant’ approach, teams are accelerating pre-clinical work and we are very eager to take the next step to bring new applications for pancreatic cancer treatment to clinical studies."

"It is gratifying to see the initial success of the New Therapies Challenge project, which we created to accelerate the research process and bring improved treatment options to patients," said Kerri Kaplan, president and CEO of the Lustgarten Foundation. "Through the Pancreatic Cancer Collective, these two leading cancer organizations have demonstrated the strength of collaboration. We are excited for the potential for breakthroughs in effective pancreatic cancer treatments and, eventually, a cure for this deadly disease."

The AACR (Free AACR Whitepaper) will support the administration of these projects receiving funding for the second round, including:

Targeting SHP2 in Pancreatic Cancer: Team leader: Rene Bernards, PhD, Netherlands Cancer Institute; co-leaders: Hana Algül, MD, PhD, Technical University of Munich, and Emile E. Voest, MD, PhD, Netherlands Cancer Institute. The team focuses on pancreatic tumors that have a mutation in the KRAS gene and has conducted preclinical testing of drug combinations that inhibit certain proteins in the malignant cells. In the second stage, the team will move into a phase I/Ib clinical trial to test the combination of SHP2 inhibitors (RMC4630) and ERK inhibitors (LY3214996). The results are expected to lay the basis for a phase II clinical trial.

Exploiting DNA Repair Gene Mutations in Pancreatic Cancer: Team leader: Alan D’Andrea, MD, Dana-Farber Cancer Institute; co-leader: James Cleary, MD, PhD, Dana-Farber Cancer Institute. The team has been seeking to evaluate DNA repair inhibitors and improve the use of PARP inhibitors, which interfere with the ability of cancerous cells to increase in number. The team’s preclinical data suggests that combining gemcitabine with inhibitors that target regulatory proteins involved in DNA repair could be an effective therapy in platinum-resistant pancreatic cancer. Based on these laboratory findings, the team is developing three pancreatic cancer clinical trials testing gemcitabine-based combinations: gemcitabine/ATR inhibitor BAY1895344; gemcitabine/CHK1 inhibitor LY2880070; and gemcitabine/WEE1 inhibitor AZD1775. The most promising combinations will be identified for potential validation in larger trials.

Immunotherapy Targeting Mutant KRAS (mKRAS): Leader: Robert H. Vonderheide, MD, DPhil, Abramson Cancer Center at the University of Pennsylvania; co-leaders: Elizabeth M. Jaffee, MD, Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins, and Beatriz Carreno, PhD, Abramson Cancer Center at the University of Pennsylvania. The team is developing an immunological approach to target mutations in the molecule KRAS, an underlying cause of most cases of pancreatic cancer. In the first round of funding, the team used innovative strategies in bioinformatics, biochemistry, and cell biology to identify specific mKRAS protein sequences that can be recognized by T cells. They then isolated a series of molecular receptors that enable T cells to home in on cancer cells expressing mKRAS. Based on these findings, the team is conducting two different clinical trials with novel vaccines aimed at triggering mKRAS immune responses in patients with resected pancreatic cancer. In round two of funding, the team plans to use the most promising T-cell receptor identified and conduct a clinical trial of engineered T-cell therapy for patients with metastatic pancreatic cancer.

Molecularly Targeted Radionuclide Therapy via the Integrin αvβ6: Team Leader: Julie Sutcliffe, PhD, University of California Davis; co-leader: Richard Bold, MD, University of California Davis. The team has been working to develop a peptide receptor radionuclide therapy (PRRT) that involves homing in on a protein called integrin αvβ6, a cell surface receptor that can be found in pancreatic cancers. The team has synthesized in the laboratory a pair of related peptide constructs that are tagged with two different radiolabels. One radiolabel facilitates the imaging of pancreatic cancer lesions in patients that can more likely benefit from the PRRT. The other radiolabel can facilitate the killing of the pancreatic cancer cells. The team has obtained promising results in the laboratory testing of the peptide constructs. In the second round of funding, the team will conduct a phase 1, first-in-human study to evaluate the feasibility, safety and efficacy of the two peptide constructs. The study will determine if one construct can detect lesions in patients with locally advanced or metastatic pancreatic cancer; establish the safety and tolerability of the pair; evaluate the maximum tolerated dose of the second construct; and, using pre-clinical models, establish an optimal dosing regimen.

The Lustgarten Foundation and Stand Up To Cancer have collaborated closely since 2012, jointly funding more than 400 investigators from nearly 70 leading research centers in the United States and the United Kingdom. These efforts include 18 multi-institutional teams, including Convergence Teams bringing together computational experts with clinical oncologists, and cancer interception — research supporting the earliest diagnosis of pancreatic cancer, even before the cancer may have fully formed. All told, these collaborative teams have planned, started, or completed nearly 30 clinical trials. The Pancreatic Cancer Collective is building on this momentum to push the boundaries of what can be accomplished even further.

Aridis Pharmaceuticals to Present at the 32nd Annual ROTH Conference

On March 5, 2020 Aridis Pharmaceuticals, Inc. (Nasdaq: ARDS), a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies to treat life-threatening bacterial infections, reported that Vu Truong, Ph.D., Chief Executive Officer, will present at the 32nd Annual ROTH Conference on Monday, March 16, 2020 at 4:00 pm PDT (Press release, Aridis Pharmaceuticals, MAR 5, 2020, View Source [SID1234555251]). The conference will be held at The Ritz Carlton, Laguna Niguel in Orange County, CA.

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Protalix BioTherapeutics to Hold Fourth Quarter and Full-Year 2019 Financial and Business Results Conference Call on March 12, 2020

On March 5, 2020 Protalix BioTherapeutics, Inc. (NYSE American: PLX) (TASE: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx plant cell-based protein expression system, reported that it will release its financial results for fourth quarter and full-year 2019 and business update on Thursday, March 12, 2020 (Press release, Protalix, MAR 5, 2020, View Source [SID1234555250]). The Company’s management will host a conference call to discuss the financial results and provide a business update on recent corporate and clinical developments at 8:30 a.m. Eastern Time (ET).

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Conference Call Details:

Thursday, March 12, 2020, 8:30 a.m. Eastern Time (ET)

Domestic:

877-423-9813

International:

201-689-8573

Conference ID:

13699970

Webcast:

Public Link

The conference call will also be broadcast live and available for replay for two weeks on the Company’s website, www.protalix.com, in the Events Calendar of the Investors section. Please access the Company’s website at least 15 minutes ahead of the conference to register, download, and install any necessary audio software.

Biocept Announces Pricing of $6.6 Million Registered Direct Offering Priced At-The-Market

On March 5, 2020 Biocept, Inc. (NASDAQ: BIOC) ("Biocept" or the "Company"), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of patients diagnosed with cancer, reported that on March 4, 2020 it entered into a securities purchase agreement with several institutional investors for the issuance and sale of 16,000,000 shares of its common stock at a price of $0.41 per share, for aggregate gross proceeds of approximately $6.6 million, in a registered direct offering priced at-the-market under Nasdaq rules (Press release, Biocept, MAR 5, 2020, View Source [SID1234555249]). The Company currently expects that the proceeds from this registered direct offering, along with the approximate $9.2 million in gross proceeds from the Company’s registered direct offering announced on March 2, 2020 and its current cash and cash equivalents, will be sufficient to fund its current operations through at least December 31, 2020.

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Maxim Group LLC is acting as the sole placement agent for the offering.

The offering is expected to close on or about March 6, 2020, subject to the satisfaction of customary closing conditions.

The common shares are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-224946) previously filed and declared effective by the Securities and Exchange Commission (SEC). The offering of the shares of common stock will be made only by means of a prospectus supplement that forms a part of the registration statement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the shares of common stock will be filed by Biocept with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, Attention: Syndicate Department, or via email at [email protected] or telephone at (212) 895-3745.

COTA Appoints C.K. Wang, M.D. as New Chief Medical Officer

On March 5, 2020 COTA, Inc., a healthcare technology company that uses real-world data (RWD) to bring clarity to cancer care, reported its board of directors has appointed C.K. Wang, M.D. as the company’s chief medical officer (CMO) (Press release, COTA, MAR 5, 2020, View Source [SID1234555248]). Since joining COTA in 2018, Dr. Wang has demonstrated his dedication to advancing COTA’s mission of improving cancer care and treatment through his leadership of clinical data abstraction operations. In his new role, Dr. Wang will be leading the medical team to meet the interest and demand for real-world data in cancer care.

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"Since joining COTA, I’ve been able to collaborate with provider and life science partners as we move closer to our shared vision – that everyone touched by cancer receives a clear path to care," said Dr. Wang. "We’re on the cusp of truly changing how real-world data is applied in cancer care and drug discovery, and I look forward to continuing to drive this industry transformation in my expanded role."

"As COTA enters its next phase of growth, we are proud that our executive leadership team is fully aligned and embodies a steadfast commitment to our mission of bringing clarity to cancer care," said Mike Doyle, President and CEO of COTA. "Dr. Wang’s impact on our organization to date has been truly remarkable. His perspective, developed from over a decade managing cancer practices and establishing new cancer programs, will be a great asset to COTA as we develop new oncology solutions to serve our partners across the industry. We look forward to applying his unique skill set across a broader set of initiatives as we continue to improve cancer care for patients."

Prior to working with COTA, Dr. Wang served as the Acting Deputy Chief Health Officer for Oncology/Genomics and the Global Oncology Leader at IBM Watson Health. Earlier in his career as a medical oncologist, Dr. Wang worked in private practice in the Dallas/Fort Worth area where he held multiple management and leadership positions including managing partner with Dallas Oncology Consultants, P.A., Director of Oncology with Medical Clinics of North Texas, P.A. and Cancer Program Chairman with the USMD Hospital in Arlington. He received his undergraduate training at Washington University in St. Louis and his M.D. from the University of Texas Health Science Center at San Antonio before completing his residency at University Hospitals in Cleveland, OH and his hematology/ oncology fellowship at the University of Texas Southwestern Medical Center.