First patient receives intratumoral NanoZolid®-docetaxel in Phase I study

On March 13, 2019 LIDDS AB reported that first patient has now been enrolled in the Phase I NanoZolid-docetaxel study where NanoZolid combined with docetaxel will be injected into solid tumors (Press release, Lidds, MAR 13, 2019, View Source [SID1234555908]). The first injection was administered at Karolinska University Hospital.

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-The potential usefulness of this product is that it allows for higher drug concentrations to be achieved in the local treatment of cancer. These are probably drug concentrations that cannot be achieved with oral or intravenous treatments, says Dr Jeffrey Yachnin, Section Head Phase-I Unit, Center for Clinical Cancer Studies, Karolinska University Hospital.

-So far the treatment is without complications, says Dr Yachnin.

The first part of the Phase I study (NZ-DTX-001) will enroll patients for dose escalation after which patients will be treated intratumorally at a fixed dose to confirm tolerability. The primary objective is to study tolerability of NanoZolid-docetaxel and a secondary objective is to assess efficacy on tumor regression.

NZ-DTX is a key project for LIDDS as most types of cancer tumors can benefit from the intratumoral delivery of cytotoxic drugs. The cancers of greatest interest to LIDDS are lung, head & neck, prostate and breast cancer, but other tumors may also benefit from treatment using NanoZolid loaded with cytotoxic drugs.

An intratumorally sustained release of cytotoxic drugs can result in substantial tumor regression and facilitate subsequent curative surgery or radiation therapy and may prevent the tumor from metastasizing during the diagnostic lag period. Depending on the cancer indication, intratumoral treatment can also be combined with systemic drugs.

Around four million people are diagnosed with solid-tumor cancers each year and a very large number undergo diagnostic biopsies. LIDDS aim is that a significant proportion of patients undergoing diagnostic biopsies will be offered an injection of NanoZolid combined with docetaxel.

-LIDDS has had very promising results with docetaxel in the preclinical trial which gives us confidence that tumor regression will also be observed during Phase I. If so, it is likely that a substantial number of patients could benefit from this new form of treatment, says Monica Wallter, CEO LIDDS.

-Our objective is that NanoZolid combined with docetaxel will be regularly used to treat solid tumors, including at the tumor biopsy phase, to decrease the tumor size and improve surgery and radiation therapy outcomes. This will also benefit cancer patients that often have to wait many weeks before their treatment plan is decided, says Monica Wallter.

LIDDS docetaxel strategy is to prove tolerability and tumor regression for a number of different types of cancer. LIDDS has combined NanoZolid with docetaxel as it is indicated for a large number of common types of cancer types. When proof of concept is reached, LIDDS objective is to divest or license the project to one or several pharmaceutical companies.

-The NanoZolid technology has patent coverage until 2037, which is an important asset when out-licensing NanoZolid with cytotoxic drugs, says Monica Wallter.

Ambry Genetics to Develop Custom Assays Targeted to Patients with Hereditary Ovarian Cancer

On March 13, 2019 Ambry Genetics, a Konica Minolta Company (Ambry), and leading provider of clinical and research genetic testing, reported a new laboratory services agreement with Clovis Oncology Inc., a biopharmaceutical company which shares Ambry’s commitment to advancing precision medicine for cancer (Press release, Ambry Genetics, MAR 13, 2019, View Source [SID1234553909]). Through this laboratory services agreement, Ambry Genetics and Clovis Oncology seek to identify clinical trial patients who may benefit from Rubraca, a therapy currently approved in the U.S. and Europe in multiple advanced ovarian cancer settings.

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Approximately 10 to 15% of ovarian cancer diagnoses are based on hereditary mutations of BRCA, meaning they are directly linked to mutations in the BRCA1 or BRCA2 genes passed on from a parent. Ambry’s genetic tests can identify mutations in these two genes, as well as related genes involved in the DNA repair pathway, thus enabling identification of potential risk, earlier diagnosis and more precise treatment.

"We are very excited to be working with the Clovis team, which is aligned with our precision medicine initiatives," said Brigette Tippin Davis, Ph.D., FACMG, Senior Vice President of Research & Development of Ambry Genetics, Inc. "Our mission is to help identify patients eligible for optimal therapies to improve outcomes and enhance quality of life."

Clovis chose to perform retrospective BRCA testing with Ambry Genetics, a high-quality genetics lab positioned to become a key player in the precision medicine space.

Spectrum Pharmaceuticals to Present Corporate Update at the Oppenheimer 29th Annual Healthcare Conference on March 20

On March 13, 2019 Spectrum Pharmaceuticals (NasdaqGS: SPPI), a biopharmaceutical company focused on novel and targeted oncology therapies, reported that an overview of the company’s business strategy and development-stage programs will be given at the Oppenheimer 29th Annual Healthcare Conference being held in New York (Press release, Spectrum Pharmaceuticals, MAR 13, 2019, http://investor.sppirx.com/news-releases/news-release-details/spectrum-pharmaceuticals-present-corporate-update-oppenheimer-0 [SID1234534338]). The company presentation is on Wednesday, March 20, 2019, at 8:00 AM ET.

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A live webcast of Spectrum’s presentation will be available at View Source

CTI BioPharma Reports Fourth Quarter and Full Year 2018 Financial Results and Recent Highlights

On March 13, 2019 CTI BioPharma Corp. (Nasdaq: CTIC) reported financial results for the fourth quarter and full year ended December 31, 2018 (Press release, Idera Pharmaceuticals, FEB 27, 2019, View Source [SID1234533745]).

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"The Company is focused on advancing its development program of pacritinib for the treatment for myelofibrosis patients with severe thrombocytopenia in the United States and Europe in 2019," commented Adam R. Craig, M.D., Ph.D., President and Chief Executive Officer of CTI BioPharma. "Following the previously-announced completion of full enrollment in the U.S. Phase 2 PAC203 study of pacritinib in myelofibrosis patients with severe thrombocytopenia, the Company expects to meet with the U.S. Food and Drug Administration and report the determination of an optimal dose of pacritinib in mid-2019, with a Phase 3 registration study targeted to commence enrollment shortly thereafter. The Company further expects to report topline efficacy and safety data from the Phase 2 study by the end of 2019."

Expected 2019 Milestones

Determination of the optimal dose of pacritinib – mid-2019
Commence enrollment in Phase 3 study of pacritinib in myelofibrosis patients with severe thrombocytopenia (platelet count of less than 50,000 per microliter) – 3Q 2019
Reporting of top-line efficacy and safety data from PAC203 at a major medical meeting by the end of 2019
Fourth Quarter Financial Results

Total revenues for the three months and year ended December 31, 2018 were $14.1 million and $26.3 million, respectively, compared to $0.5 million and $25.1 million for the respective periods in 2017. The increase in total revenues for the fourth quarter in 2018 compared to the same period in 2017 is primarily due to the recognition of license and contract revenue in 2018 related to the achievement of a regulatory milestone under the license and collaboration agreement for PIXUVRI with Servier as well as the attainment of a worldwide net sales milestone of TRISENOX under the agreement with Teva Pharmaceutical Industries Ltd.

GAAP operating income was $0.2 million for the fourth quarter of 2018 and GAAP operating loss was $32.9 million for the year ended December 31, 2018, compared to GAAP operating loss of $13.7 million and $39.5 million for the respective periods in 2017. Operating income in the fourth quarter of 2018 as compared to operating loss in the same period in 2017 resulted primarily from the increase in license and contract revenue as mentioned above. Operating loss for the year ended December 31, 2018 as compared to 2017 resulted primarily from the decrease in selling, general and administrative expenses.

Net income attributable to common stockholders for the fourth quarter of 2018 was $0.8 million, or $0.01 for basic and diluted earnings per share, compared to net loss attributable to common stockholders of $14.3 million, or $(0.33) per share, for the same period in 2017. Net loss attributable to common stockholders for the twelve months ended December 31, 2018, was $29.4 million, or $(0.52) per share, compared to a net loss of $45.0 million, or $(1.24) per share, for the same period in 2017.

As of December 31, 2018, cash, cash equivalents and short-term investments totaled $67.0 million, compared to $43.2 million as of December 31, 2017.

From New Insights to New Medicines

On March 13, 2019 Scholar Rock presented a perentation named "From New Insights To New Medicines" (Press release, Scholar Rock, MAR 13, 2019, View Source [SID1234534319]).

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