Luye expanding I-O deal with U.S. firm Elpis to focus on CAR T therapies

On June 7, 2018 China’s Luye Pharma Group Ltd. reported that it has partnered up with U.S. biotech firm Elpis Biopharmaceuticals Corp. to work on dual target based therapies for cancer patients who fail to respond to current treatment (Press release, Luye Pharma, JUN 7, 2018, View Source [SID1234576655]). As a continuing effort of the collaboration initiated last year, the two companies signed a license agreement recently to jointly develop chimeric antigen receptor T-cell (CAR T) therapies and biologic drug candidates in immuno-oncology. "This is a global collaboration. Luye will be in charge of the development and commercialization of the co-developed products in China and will have the exclusive rights in the Chinese market," Sammy Jiang, vice president of strategy and business development at Luye, told BioWorld.

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"Elpis will be responsible for the same in the overseas market and have the exclusive rights in those markets," Jiang added. "With that said, we are still entitled to share the profits of our co-developed products in the overseas markets."

Luye and Elpis plan to build a long-term strategic partnership, working to discover and develop drug candidates, such as antibodies and CAR T therapies through the technologies developed by Elpis.

The great potential in Elpis’ in-house technology is one of the reasons Luye decided to collaborate with the Boston-based biotech firm. "Elpis’ founder has many years of experience in developing immuno-oncology drugs and CAR T therapies," Kehao Zhao, senior director of discovery biology at Luye Boston R&D, told BioWorld.

"Elpis developed a unique discovery platform to rapidly screen and develop fully human therapeutics antibodies. Their immuno-oncology expertise, particularly in CAR T therapeutics and antibody discovery technology, led to this collaboration in developing novel immuno-oncology drug candidates," Zhao added.

Their collaboration has already generated a compound that is at the IND-enabling preclinical study stage.

"The first CAR T therapy we co-developed with Elpis is dual target, which is technically more challenging to develop and can apply to broader disease areas compared with the single target CARTs. It holds more potential than the existing single target ones," said Zhao.

To treat cancer, activation of T cells through tumor-specific targeting has proved to be a powerful therapy, but still, more than half of the cancer patients fail to react to immune checkpoint inhibitors. Although currently approved CAR T targeting to single-target tumor-specific antigen has high response rate in hematological cancer treatment, many patients do not respond well or develop acquired resistance. The two companies hope to increase the effective response rate and overcome the resistance in treating cancer patients. "Besides the dual target CAR T therapies, under this partnership, we are also co-developing innovative next generation therapeutic antibodies to treat hematopoietic malignancies and solid tumors," said Zhao. "The project is currently in proof-of-concept stage. We hope to complete the animal trials by the end of this year. Then we can move it forward next year."

Growing U.S. presence

Joining the Boston team last year, Zhao carries the mission of introducing the latest technology and breakthroughs in the Boston area to Luye for its R&D of innovative drugs.

"While forming our own local R&D team in Boston, we are also seeking partners that possess advanced technologies," said Zhao. "We hope to develop innovative drugs on our own and through partnerships and internal efforts. Therefore, we can enhance our R&D capabilities for biologics and expand our development, striving for more presence in the global markets."

Luye is quickly advancing its biologics development. The company has launched five oncology products, including Tiandida (amifostine for injection) for advanced ovarian cancer or non-small-cell lung cancer, Tiandixin (lentinan for injection) for malignant tumors, Yitaida (arsenious acid and sodium chloride injection) for acute promyelocytic leukemia and primary advanced liver cancer, CMNa (sodium glycididazole for injection) for tumor radiotherapy, and Lipusu (paclitaxel liposome for injection) for ovarian cancer and metastatic ovarian cancer.

"We set our eye on biologics three years ago. Although there are a few chemical compounds in our pipeline, we plan to develop more biologics," said Jiang. "We don’t just focus on CAR T therapies, but the whole immuno-oncology area, so we think a lot about small-molecule drugs and antibodies as well." "We are also exploring the possibility of striking similar deals with other European companies that develop CAR T therapies," she added.

But before expanding into Europe, Luye has been enhancing its presence in the U.S. "We set up an office in New Jersey five years ago, which is responsible for clinical trials and new drug registrations," said Jiang. "Currently, we have four drug candidates in the U.S. that are undergoing clinical trials."

Luye has R&D centers in China, the U.S. and the EU and has five R&D platforms for long-acting and extended-release technology, liposome and targeted drug delivery, transdermal drug delivery system, new compounds and biological antibody technology.

"We actively expand our partnerships worldwide," said Jiang. "Our products are commercialized in more than 80 countries, either promoted by Luye’s in-house team or by our partners in the local markets."

LIDDS: Major European Investment Funds invest 21,7 MSEK in a direct share issue

On June 7, 2018 LIDDS AB (publ) reported that it has decided on a direct share issue to Nyenburgh Holding BV, AESCAP 2.0 and BWG Invest, all being international funds that invests in closely selected European biotech- and pharma companies (Press release, Lidds, JUN 7, 2018, View Source [SID1234555913]). The raised capital will facilitate a fast acceleration of LIDDS’ development projects, including the immune-oncology field where NanoZolid based immuno-active compounds have shown very promising preclinical effects.

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The direct issue of 1 180 000 shares will add approx. 21,7 MSEK to LIDDS. Nyenburgh Holding will maintain as the third largest shareholder in LIDDS and contributes with financial strength, an excellent network and expertize within the sector. AESCAP 2.0, based in Amsterdam, is a current shareholder in LIDDS that invests in next generation medicines and builds a selected portfolio of only 20 companies across Europe and the US. BWG Invest is a top ten shareholder in LIDDS and strengthens its shareholding position through this direct share issue.

The share price of 18,38 SEK is based on volume weighted average of the share price with a 5 % discount. The share issue decision is based on the shareholders authorization on LIDDS Annual Meeting on May 16, 2018.

– The directed share issue to Nyenburgh Holding, AESCAP 2.0 and BWG Invest is an important validation of the NanoZolid technology and we are very pleased to attract these funds to increase their ownership in LIDDS. The share issue adds longer term financing of the company, resources to reach key milestones in our development projects and provides additional financial strength to conduct an effective business development process, says Monica Wallter, CEO of LIDDS.

LIDDS total number of shares after the direct issue will be 23 051 188 and the share capital will amount to 1 221 712,964 SEK when the new shares are registered with the Swedish Companies Registration Office, Bolagsverket. The dilution of shares is 5,1 %.

LIDDS will with the raised capital further accelerate the exciting NanoZolid development projects with the aim to build alliances, collaborations and license agreements.

The directed share issue to Nyenburgh Holding, AESCAP 2.0 and BWG Invest is further strengthening LIDDS owner structure and it confirms the international interest for LIDDS and the NanoZolid technology.

BioXcel Therapeutics Appoints Vincent J. O’Neill M.D., as Senior Vice President and Chief Medical Officer

On June 7, 2018 BioXcel Therapeutics, Inc. ("BTI") (Nasdaq: BTAI), a clinical stage biopharmaceutical development company utilizing novel artificial intelligence to identify the next wave of medicines across neuroscience and immuno-oncology, reported the appointment of Dr. Vincent J. O’Neill as Senior Vice President and Chief Medical Officer of BTI (Press release, BioXcel Therapeutics, JUN 7, 2018, View Source [SID1234527395]). Dr. O’Neill has served as Chief Medical Officer of BTI, on a consulting basis, since July 2017. He will continue to be responsible for the clinical strategy and development of BTI’s pipeline assets.

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Dr. Vimal Mehta, Founder and Chief Executive Officer of BTI, commented, "We are excited to have Dr. O’Neill on the BTI team at this time when we are executing on our pipeline and moving towards clinical data. During his tenure thus far at BTI, Vince made a number of noteworthy contributions to BTI. He played a particularly important role in the success of our recent initial public offering, initiating our first-in-human clinical trial of BXCL501 and laying the foundation for clinical development of BXCL701. Vince has a wealth of experience in the biopharma landscape, particularly his clinical experience at Genentech. This coupled with his significant expertise in therapeutic development will play a crucial role in implementing and advancing BTI’s pipeline programs through clinical development and commercialization."

Dr. O’Neill has over 16 years of therapeutic and diagnostic product development experience. He has held senior leadership roles at global pharmaceutical companies such as Genentech, Sanofi and GlaxoSmithKline. Prior to joining the Company, Dr. O’Neill served as the Senior Vice President and Chief Medical Officer at Mirna Therapeutics, where he was responsible for clinical development and medical affairs. At Genentech and GlaxoSmithKline ("GSK"), he oversaw the clinical and biomarker development programs for multiple oncology therapeutic assets. He was instrumental in the expanded approvals of Genentech’s oncology therapeutics, Avastin and Tarceva. At GSK, he managed the signal transduction discovery unit and led the first IND application and clinical trial of MEK inhibitor MEKINIST.

Dr. O’Neill received his medical degree and B.Sc. in molecular pathology from the University of Glasgow. He has authored several peer-reviewed publications and conference presentations. Dr. O’Neill is also a member of the Royal College of Physicians."

This role offers me a great opportunity to be a part of a team that is developing drugs that address major unmet medical needs," said Dr. O’Neill. "BTI is at a transformative time of clinical development and the opportunity to grow our pipeline. I believe that BTI has the potential to be at the forefront of developing innovative therapies in neuroscience and immuno-oncology. I am looking forward to working closely with the entire team to bring novel therapies to the market."

Sarepta Therapeutics Appoints Gilmore O’Neill, M.B., M.M.Sc. as Chief Medical Officer

On June 7, 2018 Sarepta Therapeutics, Inc. (NASDAQ:SRPT), a commercial-stage biopharmaceutical company focused on the discovery and development of precision genetic medicine to treat rare neuromuscular diseases, reported the appointment of Gilmore O’Neill, M.B., M.M.Sc. as its chief medical officer. Dr. O’Neill will lead all clinical development, medical affairs, pharmacovigilance, and regulatory affairs (Press release, Sarepta Therapeutics, JUN 7, 2018, View Source [SID1234527243]).

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Dr. O’Neill joins Sarepta from Biogen, where he held leadership roles of increasing responsibility over a 15-year period in research and development, most recently as senior vice president responsible for all late-stage clinical development. During his tenure, Dr. O’Neill oversaw development programs for Alzheimer’s disease, movement disorders, acute neurology, multiple sclerosis, pain, neuromuscular disease, gene and cell therapy, and rare diseases. He played a leadership role in seeking, receiving and maintaining global marketing approvals for Tecfidera, Zinbryta, Plegridy and Spinraza.

"I feel extremely fortunate to welcome Dr. O’Neill to Sarepta and to our executive team as we advance our 21 pipeline programs and build ourselves into one of the most meaningful precision genetic medicine companies in the world," said Doug Ingram, Sarepta’s president and chief executive officer. "Gilmore is uniquely positioned to successfully lead our development strategy. He has deep expertise in neurobiology, genetic medicine and clinical development, having driven some of biotech’s most successful clinical programs. And his proven leadership ability and passion for our mission of changing lives through genetic medicine will be essential as we advance toward our goals with a sense of urgency, creativity and purpose."

"I was inspired to join the Sarepta leadership team by the quality of Sarepta’s pipeline and the sense of urgency within the Company to advance these programs and improve the lives of patients," said Dr. O’Neill. "I’m looking forward to making a fast start, and one of my most pressing priorities will be to meet with and learn from the DMD patient community."

Dr. O’Neill received a Bachelor of Medicine degree from University College Dublin and a Master of Medical Sciences degree from Harvard University. He is the recipient of numerous awards in science and medicine, including the Lefler Fellowship in the Department of Neurobiology at Harvard Medical School. Dr. O’Neill is the author of numerous publications on multiple sclerosis, has served as a neurology peer reviewer for medical literature, and lectures in the United States and globally on advances in neurology and neurological research.

Dr. O’Neill is licensed to practice medicine in the state of Massachusetts. He is a member of the American Academy of Neurology and a board-certified neurologist (ABPN). He is formerly Chief Resident in Neurology at the Massachusetts General Hospital (MGH) and served, until recently, as a Clinical Instructor in Neurology at Harvard Medical School. He has maintained his clinical appointment at the MGH with a sub-specialty interest in neuromuscular diseases and inherited leukodystrophies.

TRILLIUM THERAPEUTICS APPOINTS YAPING SHOU, MD, PHD AS
CHIEF MEDICAL OFFICER

On June 7, 2018 Trillium Therapeutics Inc. (NASDAQ/TSX: TRIL), a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer, reported the appointment of Yaping Shou MD, PhD, as Chief Medical Officer. Dr. Shou joins Trillium from Takeda Pharmaceuticals (Press release, Trillium Therapeutics, JUN 7, 2018, View Source [SID1234527238]).

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"Yaping’s broad clinical drug development experience in oncology and her demonstrated commitment to translational research makes her a strong addition to Trillium’s senior management team," said Dr. Niclas Stiernholm, Trillium’s Chief Executive Officer. "Her arrival is particularly opportune, since we have recently refined and narrowed the focus of our two ongoing TTI-621 trials, based on preliminary clinical proof of concept data, and are on the cusp of dosing our first patient in our TTI-622 trial. We look forward to Yaping’s leadership as we continue to advance our SIRPaFc programs."

Dr. Shou has more than 18 years of industry experience spanning clinical development and translational medicine, with a strong focus in oncology. She most recently served as Executive Medical Director at Takeda Pharmaceuticals, where she also held several other clinical leadership positions over the past seven years. Prior to joining Takeda, Dr. Shou held several clinical oncology positions at Novartis Pharmaceuticals and GlaxoSmithKline. She has contributed to the approval of several targeted therapies for oncology over the years, including lapatinib, pazopanib, nilotinib, sonidegib, and ixazomib. She received her MD degree from Zhejiang University School of Medicine, and her PhD degree from Drexel University College of Medicine and the University of Pennsylvania. Dr. Shou also conducted postdoctoral studies in the Genetics Branch at the National Cancer Institute.

"I am excited to be joining Trillium at this important time in the company’s evolution," said Dr. Shou. "I believe we have the potential to build a CD47 franchise in immuno-oncology that could meaningfully benefit patients."