Tikcro Technologies Reports Third Quarter 2019 Results

On November 21, 2019 Tikcro Technologies Ltd. (OTCQB: TIKRF), a pre-clinical stage developer of antibodies for cancer immune-therapy, reported its financial results for the third quarter ended September 30, 2019 (Press release, Tikcro, NOV 21, 2019, View Source [SID1234551603]).

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"We have concluded the pre-clinical development stage of our anti-CTLA-4 antibody, which shows strong comparative results in cancer treatment assays," said Aviv Boim, CEO of Tikcro. "At this stage, we plan to reduce operating expenses. We expect to close our lab facilities and cease pre-clinical development efforts, which incurred $546,000 of R&D expenses in the previous twelve-month period. Due to the significant costs associated with production and clinical trials as well as the evolution of the immune therapy antibody market, we will continue to explore strategic opportunities for this antibody program and other alternatives."

Financial Results for the Third Quarter Ended September 30, 2019
Net loss for the third quarter of 2019 was $237,000, or $0.02 per diluted share, compared to a net loss of $266,000, or $0.03 per diluted share, for the same period last year.

As of September 30, 2019, the company reported $4.45 million in cash, cash equivalents and short-term bank deposits.

CNS Pharmaceuticals Filed Request with FDA for Pre-IND Meeting for Berubicin

On November 21, 2019 CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("Company"), a biotechnology company specializing in the development of novel treatments for brain tumors, reported a Pre-IND meeting request for Berubicin for IV for the Treatment of Glioblastoma Multiforme to the US Food and Drug Administration Division of Oncology Products 2, Center for Drug Evaluation and Research (Press release, CNS Pharmaceuticals, NOV 21, 2019, View Source [SID1234551602]).

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In its request, the Company outlined its rationale for the continued investigation of the compound and detailed key questions for the FDA, including its permission to utilize the supply of Berubicin acquired from Reata Pharmaceuticals Inc. in the planned upcoming Phase II clinical trial. The company has performed a preliminary purity testing and analysis on Reata’s supply of Berubicin and verified that it is 99.9% pure.

"We believe that utilizing the supply of Berubicin we acquired from Reata could offer the Company significant costs savings and eliminate the excess risk and time associated with manufacturing complex drugs," stated CEO of CNS, John M. Climaco.

About Berubicin
Berubicin is an anthracycline, a class of drugs among the most powerful chemotherapy drugs and effective against more types of cancer than any other class of chemotherapeutic agents. Anthracyclines are designed to damage the DNA of targeted cancer cells by interfering with the action of the topoisomerase II, a critical enzyme enabling cell proliferation. Berubicin was developed at the MD Anderson Cancer Center (MDACC), the world’s largest cancer research facility. Berubicin appeared to demonstrate one Durable Complete Response in a Phase I human clinical trial conducted by a prior developer.

Medicenna Reports Improved Drug Distribution of MDNA55 with Novel Delivery Technology in Phase 2b Recurrent Glioblastoma Clinical Trial

On November 21, 2019 Medicenna Therapeutics Corp. (TSX: MDNA,OTCQB: MDNAF), a clinical stage immuno-oncology company, reported new positive results on drug distribution from the recently completed Phase 2b clinical trial of MDNA55 for the treatment of recurrent glioblastoma ("rGBM"), the most common and uniformly fatal form of brain cancer (Press release, Medicenna Therapeutics, NOV 21, 2019, View Source [SID1234551601]).

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The results were presented by Dr. Nicholas Butowski, MD, Professor of Neurological Surgery and Director of Translational Research in Neuro-Oncology at the Helen Diller Family Comprehensive Cancer Center, University of California San Francisco at the 3rd Society for Neuro-Oncology and Society for CNS Interstitial Delivery of Therapeutics Joint Conference ("SNO-SCIDOT") held on November 20, 2019 at the JW Marriott Desert Ridge Resort in Phoenix, Arizona. Dr. Butowski provided an update on drug delivery results from the MDNA55 clinical trial which uses a technique known as Convection Enhanced Delivery ("CED") to treat adults with rGBM.

"CED allows us to solve one of the fundamental problems in trying to treat patients with brain tumors, and that is delivery," states Dr. Butowski. "By implementing new advances in CED that were previously not available, we are able to bypass the blood-brain barrier and deliver high concentrations of MDNA55 directly to the tumor and the at-risk area immediately surrounding it, without exposure to the rest of the body. Delivering MDNA55 to where it needs to be, along with the ability to continuously monitor distribution using real-time imaging, allows us to dramatically improve drug delivery and maximize tumor coverage."

Highlights from the podium presentation include:

The MDNA55-05 study showed nearly 50% coverage of the tumor, with some patients achieving over 90% coverage of the target volume. In contrast, a previous CED study in rGBM1, without the advances implemented by Medicenna, was able to achieve coverage of only 18% of the tumor and a 1cm high-risk margin around it.
Higher infusion volumes (up to 66 mL) and higher doses of MDNA55 (up to 240 mg) did not result in increased toxicity.
In the first 33 patients enrolled in the clinical trial, subjects expressing high levels of the IL4 receptor (IL4R) showed promising overall survival at 12 months (OS-12) of 57%, compared to an OS-12 of 27% for patients expressing low levels of IL4R – an improvement of 111%.
The two IL4R groups did not reveal any differences in drug distribution or tumor coverage, highlighting the importance of IL4R expression in receiving optimal benefit from MDNA55.
"This trial clearly illustrates that directing therapy to a relevant target in rGBM, such as the IL4 receptor, is key in order to see improved patient outcomes," states Dr. Fahar Merchant, President and CEO of Medicenna. "We are optimistic that the combination of a targeted therapy and precision delivery of MDNA55 will enable us to provide maximum benefit to patients."

Updated efficacy results from the Phase 2b clinical trial MDNA55-05 will be presented on Sunday, November 24th, 2019 at the SNO Annual Meeting taking place immediately after the SNO-SCIDOT conference.

Reference:

Sampson JH, Archer G, Pedain C, Wembacher-Schröder E, Westphal M, Kunwar S, Vogelbaum MA, Coan A, Herndon JE, Raghavan R, Brady ML, Reardon DA, Friedman AH, Friedman HS, Rodríguez-Ponce MI, Chang SM, Mittermeyer S, Croteau D, Puri RK; PRECISE Trial Investigators. Poor drug distribution as a possible explanation for the results of the PRECISE trial. J Neurosurg. 2010 Aug;113(2):301-9.

About the MDNA55-05 Clinical Trial

MDNA55-05 is a Phase 2b study of the safety and efficacy of MDNA55, an IL4R-directed toxin, in patients with de novo GBM at first or second relapse where the tumor is not amenable to surgical resection. In the study, investigators administer MDNA55 once directly into the brain tumor using a technique known as Convection Enhanced Delivery (CED). CED allows precision delivery of MDNA55 into the tumor and the surrounding healthy brain containing infiltrative tumor cells, while avoiding systemic exposure.

The primary endpoint of the study is median Overall Survival (mOS) comparing a null survival rate of 8.0 months (based on historical control) with an alternative pursue rate of 11.5 months (1-sided alpha = 0.10 and 80% power for 46 ITT subjects). The secondary endpoint is objective response rate (ORR) assessed by the modified Response Assessment in Neuro-Oncology (mRANO)-based criteria incorporating advanced imaging modalities according to a null response rate of 6% with alternative pursue rate of 18% (1-sided alpha = 0.10 and 80% power for at least 35 subjects evaluable for response).

Biocept Announces the Launch of its Liquid Biopsy Test to Detect TRK Biomarkers in the Blood of Patients Diagnosed with Cancer

On November 21, 2019 Biocept, Inc. (NASDAQ: BIOC), 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 the commercial availability of its Target Selector pan-TRK assay for the detection of TRK proteins (Press release, Biocept, NOV 21, 2019, View Source [SID1234551600]). With the Biocept assay, a simple blood sample can help inform physicians on the potential presence of NTRK fusions, which are actionable biomarkers that can be used to qualify patients for treatment with TRK inhibitor therapies. With the launch of this new assay, Biocept now offers 20 CLIA-certified liquid biopsy tests utilizing its Target Selector platform to determine the status of actionable solid tumor biomarkers.

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"Biocept’s Target Selector pan-TRK assay utilizes our proprietary circulating tumor cell (CTC) platform, which enables a simple blood-based test to screen for TRK gene alternations, a unique liquid biopsy offering," said Veena Singh, MD, Senior Vice President and Senior Medical Director at Biocept. "Biocept’s novel liquid biopsy tests are designed to help physicians rapidly and in real-time identify key biomarkers of interest to facilitate the clinical decision making process."

"We continue to execute on expanding our menu of non-invasive and cost-effective biomarker tests," said Biocept’s President and Chief Executive Officer Michael Nall. "Biocept now offers 20 commercially available liquid biopsy assays including two tumor-specific next generation sequencing panels that cover the most actionable genomic alterations for solid tumors. We believe that this comprehensive offering, including the addition of our Target Selector pan-TRK test, will help us increase adoption of our liquid biopsy platform in the oncology market."

About Biocept’s Liquid Biopsy pan-TRK Test for Potential NTRK Fusions

Precision medicine in oncology continues to evolve as the number of clinically validated biomarkers to determine treatment pathways for specific tumor types is growing. Genomic profiling has identified fusions of the NTRK gene, involving either NTRK1, NTRK2 or NTRK3, which encode for the protein receptors TRKA, TRKB and TRKC, respectively1. The presence of TRK proteins has been associated with more aggressive cancer in certain tumor types, such as lung cancer2. Currently, for qualified patients with NTRK fusions, there are two approved first-generation TRK inhibitor therapies on the market, Vitrakvi (larotrectinib) and Rozlytrek (entrectinib), which are associated with high clinical response rates (>75%)3. While the prevalence of NTRK fusions is low, they can be found across a broad range of tumor types, therefore testing patients for this family of biomarkers may be warranted4. Biocept’s novel Target Selector pan-TRK assay is a liquid biopsy test designed to detect NTRK antibodies from a patient’s blood sample. Sensitivity and specificity between the presence of TRK proteins and FISH detection of NTRK fusions is 95.2% and 100%5, respectively, therefore, Biocept’s pan-TRK assay can be used as a simple and cost-effective method for determining the potential presence of NTRK fusions and whether further testing is advised. For more information about Biocept’s Target Selector testing, please contact Biocept Customer Services at 888.332.7729.

Boston Scientific to Participate in Evercore ISI and Piper Jaffray Healthcare Conferences

On November 21, 2019 Boston Scientific Corporation (NYSE: BSX) reported to participate in two investor conferences this December (Press release, Boston Scientific Nordic, NOV 21, 2019, View Source [SID1234551599]).

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On Wednesday, December 4, 2019, Susie Lisa, vice president, Investor Relations, and Lauren Tengler, director, Investor Relations, will participate in a 40-minute question-and-answer session with the host analyst at the Evercore ISI HealthCONx Conference in Boston, Massachusetts. The session will begin at approximately 11:00 a.m. EST.

On Thursday, December 5, 2019, Susie Lisa will participate in a 25-minute question-and-answer session with the host analyst at the Piper Jaffray Healthcare Conference in New York City. The session will begin at approximately 11:00 a.m. EST.

A live webcast and replay of the webcast for both events will be accessible at investors.bostonscientific.comView Source The replay will be available beginning approximately one hour following the completion of each event.