10-Q – Quarterly report [Sections 13 or 15(d)]

(Filing, 10-Q, MultiCell Technologies, OCT 14, 2015, View Source [SID:1234507722])

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!


OncoSec Announces Fourth Quarter and YTD Results for Fiscal Year End 2015

On October 14, 2015 OncoSec Medical Incorporated ("OncoSec") (NASDAQ: ONCS), a company developing DNA-based intratumoral cancer immunotherapies, reported financial results for the fourth quarter and fiscal year ended July 31, 2015 (Press release, OncoSec Medical, OCT 14, 2015, View Source [SID:1234507717]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"We made significant progress in fiscal year 2015, including the addition of several key employees, meeting important clinical milestones, and continued strengthening of our balance sheet," said Punit Dhillon, President and CEO of OncoSec. "Immuno-oncology continues to give rise to groundbreaking new treatments and is shifting the cancer treatment paradigm. I am very excited about the prospects for OncoSec as we develop therapies that aim to harness the immune system to fight cancer and address a great unmet medical need in oncology: anti-PD-1 non-responders. OncoSec’s talented and professional team has the experience, insight, and resources to advance our R&D and clinical efforts to capture the value in this opportunity."

FINANCIAL RESULTS
For the fourth quarter of fiscal 2015 and the fiscal year ended July 31, 2015, OncoSec reported a net loss of $6.5 million and $21.2 million, or $0.48 per share and $1.67 per share, respectively, compared to a net loss of $3.6 million and $12.0 million, or $0.30 per share and $1.26 per share, respectively, for the same period last year. The increase in net loss for the year ended July 31, 2015, compared with the same period in 2014, resulted primarily from (i) an increase in headcount as OncoSec continues to grow its discovery research and clinical teams, (ii) additional outside services costs to support its device development and clinical activities and (iii) corporate communication, financing and other administrative investments to expand investor awareness and list the Company on The Nasdaq Stock Market. There were no revenues for the fiscal years ended July 31, 2015 or July 31, 2014.

Research and development expenses were $3.8 million and $13.1 million for the fourth quarter of fiscal 2015 and the fiscal year ended July 31, 2015, respectively, compared to $1.9 million and $5.8 million for the same periods in 2014. General and administrative expenses were $2.7 million and $8.1 million for the fourth quarter of fiscal 2015 and the fiscal year ended July 31, 2015, compared to $1.7 million and $6.2 million for the same period in 2014.

At July 31, 2015, OncoSec had $32.0 million in cash and cash equivalents, as compared to $37.9 million of cash and cash equivalents at July 31, 2014. OncoSec expects these funds to be sufficient to allow it to continue to operate its business for at least the next 12 months.

Delcath Phase 3 Trial Results To Be Published In Annals Of Surgical Oncology

On October 14, 2015 Delcath Systems, Inc. (NASDAQ: DCTH), a specialty pharmaceutical and medical device company focused on oncology with an emphasis on the treatment of primary and metastatic liver cancers, reported that the results from its Phase 3 clinical study, which completed enrollment in 2009 using a previous version of the Delcath Hepatic Delivery System (Melphalan/HDS) for the treatment of melanoma patients with liver metastases, have been accepted for publication in the Annals of Surgical Oncology, a leading peer-reviewed medical journal (Press release, Delcath Systems, OCT 14, 2015, View Source;p=RssLanding&cat=news&id=2096947 [SID:1234507713]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The manuscript details the findings from the Company’s Phase 3 clinical study, and is titled Results of a Randomized Controlled Multi-Center Phase III Trial of Percutaneous Hepatic Perfusion Compared to Best Available Care for patients with Melanoma Liver Metastases. The manuscript was prepared and submitted by the trial’s lead investigator and senior author, James F. Pingpank, Jr., M.D., Associate Professor of Surgery at the University of Pittsburgh Medical Center, and by first author, Marybeth S. Hughes, M.D., Center for Cancer Research, National Cancer Institute, on behalf of the investigators who participated in the Phase 3 trial.

"Publication of these study results is a key milestone for Delcath and we are pleased that the manuscript has been accepted by such a prestigious journal. Publication will be an important tool that will enhance our efforts to expand reimbursement in certain European countries, and will also help increase awareness of the value of this therapy in Europe," stated Jennifer K. Simpson, Ph.D., MSN, CRNP, President and Chief Executive Officer of Delcath.

Isarna Therapeutics and Autotelic Sign ed Asset Sale and Purchase Agreement for Trabedersen

On October 14, 2015 – Isarna Therapeutics, the leader in transforming growth factor beta (TGF-β) isoform targeted antisense therapeutics, and Autotelic Inc., a specialist in therapeutic drug monitoring and development, reported an asset sale and purchase agreement for trabedersen, Isarna’s TGF-β 2 antisense oligonucleotide (Press release, Isarna Therapeutics, OCT 14, 2015, View Source [SID1234520366]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Autotelic acquires full and world wide rights to develop trabedersen, which had previously reached Phase 3 clinical evaluation to treat recurrent high-grade glioma. No financial details of the agreement have been disclosed. " Autotelic Inc. has a unique expertise and resources that enables them to effectively advance trabedersen. The agreement, made possible by our partners at Egamid Ltd, recognizes our leadership in TGF-β and our efforts to bring trabedersen to patients while allowing us remain focused on our new generation of antisense oligonucleotides," said Dr. Philippe Calais, President and Chief Executive Officer of Isarna Therapeutics. Autotelic utilizes therapeutic drug monitoring to achieve consistent drug levels benefiting both efficacy and toxicity in multiple indications. The company’s leadership has long-standing experience in the development of cancer therapies as part of the team that led the early development of Abraxane, a protein-bound paclitaxel compound approved by the FDA and EMA for the treatment of solid tumors, which was acquired by Celgene in 2010 when it merged with Abraxis BioScience Inc. Subsequent to Abraxis, the team formed Igdrasol Inc. to develop next generation Abraxane. Igdrasol recently was acquired by NantPharma in a deal that could be worth as much as $1.3 billion. " Trabedersen is an excellent fit for our therapeutic drug monitoring program and prov ides an exciting opportunity to enhance the development of a truly novel treatment. We are looking forward to advancing this promising antisense oligonucleotide further, " commented Dr. Vuong Trieu, C hief E xecutive Officer of Autotelic.

About Trabedersen
Trabedersen, developed to target the human TGF-β2 mRNA, is believed to reverse TGF-β’s immunosuppressive effects, rendering the tumor visible to a patient’s immune system and resulting in priming and specific activation of the patient’s anti-tumor immune response. Trabedersen was developed by Isarna’s predecessor company at the Biopark in Regensburg. Trabedersen has been granted orphan designation f or three tumor indications: high grade glioma (US, EU), pancreatic cancer (US, EU) and malignant melanoma (US).

About Isarna
Therapeutics Isarna Therapeutics has an unmatched commitment to developing selective TGF-β inhibitors to effectively treat ophthalmic and fibrotic diseases and fight cancer. We are advancing a unique pipeline of novel oligonucleotides and combination modalities to transcend clinical response and improve patient outcomes. Isarna is established in the Netherlands, Germany, and t he United S tates. www.isarna-therapeutics.com.

About Autotelic Inc.
Autotelic Inc. develops novel treatments using therapeutic drug monitoring. The company was incorporated in 201 1 and is headquartered in Fountain Valley, California, United States.

Loxo Oncology Announces First Patient Enrolled in LOXO-101 Phase 2 Basket Trial in Patients With Solid Tumors Harboring TRK Fusions

On October 14, 2015 Loxo Oncology, Inc. (Nasdaq:LOXO), a biopharmaceutical company innovating the development of highly selective medicines for patients with genetically defined cancers, reported the enrollment of the first patient in its Phase 2 basket trial of LOXO-101 in adult cancer patients whose tumors harbor tropomyosin receptor kinase (TRK) fusions (Press release, Loxo Oncology, OCT 14, 2015, View Source [SID:1234507715]). A basket trial is a new clinical trial design that enrolls patients based on a common, defining genetic feature of their cancer, rather than based on an anatomic definition. LOXO-101 is the only selective TRK inhibitor in clinical development.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"The emergence of highly selective cancer therapies designed to fully exploit the genetic drivers of disease represents an important shift in oncology, one that demands new trial designs and cooperation among clinical investigators and molecular testing labs," said David Hyman, M.D., medical oncologist at Memorial Sloan Kettering Cancer Center and the global principal investigator for the Phase 2 trial. "Results from the ongoing Phase 1 trial of LOXO-101 suggest that it is a very selective drug, which we believe will allow it to maximally inhibit TRK signaling. I believe the Phase 2 trial we have launched will provide important data to further substantiate the role of TRK fusion biology across solid tumors."

"We are proud to have advanced LOXO-101 from a preclinical package to a Phase 2 clinical trial so quickly," said Josh Bilenker, M.D., chief executive officer of Loxo Oncology. "I am grateful to our Phase 1 investigators who have positioned us so well for this milestone, and I am glad they will have the opportunity to share their work publicly next month in Boston. As we move forward, we are excited to work with leading medical centers, as well as their favored molecular testing partners, who understand the value of genetic testing in the care of patients with cancer."

LOXO-101 Phase 2 Basket Trial in Patients with Solid Tumors Harboring TRK Fusions

The Phase 2 clinical trial is a global, multi-center, single-arm, open-label basket trial in adult patients with solid tumors that harbor a TRK fusion, as determined by any Clinical Laboratory Improvement Amendments (CLIA) certified or equivalently-accredited test, the choice of which will be guided by the treating physician’s routine clinical laboratory practice. Loxo Oncology plans to open 20-30 clinical sites worldwide.

LOXO-101 is administered orally as a single agent at 100 mg twice-daily continuously in 28-day cycles. This dose has been shown to achieve systemic drug exposures anticipated to inhibit TRK signaling by over 90%. The primary endpoint of the trial is the overall response rate (ORR) to LOXO-101, as measured by the proportion of subjects with best overall confirmed response of complete response or partial response by the Response Evaluation Criteria in Solid Tumors, version 1.1 (RECIST 1.1), or Response Assessment in Neuro-Oncology (RANO) criteria, as appropriate. Secondary endpoints include duration of response, the proportion of subjects that have any tumor regression as a best response, progression-free survival, overall survival, safety and tolerability.

As a basket trial, the Phase 2 trial will enroll patients with diverse tumor types but common genetic features. Patients may still be analyzed statistically by anatomic subgroups that are prospectively defined (e.g. non-small cell lung cancer, thyroid cancer, etc.), but all patients share common genetic features, in this case TRK fusions. The LOXO-101 Phase 2 basket trial will enroll patients with TRK fusions into one of eight cohorts: non-small cell lung cancer, thyroid cancer, sarcoma, colorectal cancer, salivary gland cancer, biliary cancer, primary central nervous system tumors and all other solid tumor histologies. Available scientific evidence suggests that TRK fusions behave similarly across tumor types, but this approach allows for independent statistical analyses of each cohort for the purposes of evaluating efficacy or futility. The total size of the trial is not expected to exceed approximately 150 patients. In order to meet the criteria for enrollment, patients must have received prior standard therapy appropriate for their tumor type and stage of disease, or in the opinion of the investigator, would be unlikely to tolerate or derive clinical benefit from appropriate standard of care therapy. Loxo Oncology has plans in place to collaborate with the clinical, laboratory, and molecular pathology communities in both academia and industry to ensure that that TRK fusion patients and their treating physicians are alerted to the LOXO-101 Phase 2 clinical trial, integrating trial recruitment into routine clinical practice.

The Phase 1 trial will remain open, as it may contribute to a deeper pharmacokinetic understanding of the 100 mg twice-daily dose, as well as provide an open protocol for the study of TRK biology outside of gene fusions, such as TRK mutations, amplifications and overexpression.

For additional information about both the Phase 1 and Phase 2 trials of LOXO-101, please refer to www.clinicaltrials.gov.

Phase 1 Trial Update at AACR (Free AACR Whitepaper)-NCI-EORTC Meeting

New data from the Phase 1 study of LOXO-101 has been accepted for an oral, late-breaking presentation at the AACR (Free AACR Whitepaper)-NCI-EORTC AACR-NCI-EORTC (Free AACR-NCI-EORTC Whitepaper) International Conference on Molecular Targets and Cancer Therapeutics (EORTC-NCI-AACR) (Free ASGCT Whitepaper) (Free EORTC-NCI-AACR Whitepaper) on November 8, 2015 in Boston. Abstracts will be available online on October 26, 2015.

About LOXO-101

LOXO-101 is a potent, oral and selective investigational new drug in clinical development for the treatment of patients with cancers that harbor abnormalities involving the tropomyosin receptor kinases (TRKs). Growing research suggests that the NTRK genes, which encode for TRKs, can become abnormally fused to other genes, resulting in growth signals that can lead to cancer in many sites of the body. In an ongoing Phase 1 clinical trial, LOXO-101 has demonstrated encouraging preliminary efficacy. LOXO-101 is also being evaluated in a global Phase 2 multi-center basket trial in patients with solid tumors that harbor TRK gene fusions. For additional information about both the LOXO-101 clinical trials, please refer to www.clinicaltrials.gov. Interested patients and physicians can contact the Loxo Oncology Physician and Patient Clinical Trial Hotline at 1-855-NTRK-123.