Aprea Therapeutics Announces Pricing of $5.5 Million Underwritten Public Offering of Common Stock

On February 23, 2023 Aprea Therapeutics, Inc. (Nasdaq: APRE) ("Aprea", or the "Company"), a biopharmaceutical company focused on developing novel synthetic lethality-based cancer therapeutics targeting DNA damage response (DDR) pathways, reported the pricing of its previously announced underwritten public offering of 1,050,000 shares of its common stock at a public offering price of $5.25 per share (Press release, Aprea, FEB 23, 2023, View Source [SID1234627541]). Gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $5.5 million before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Aprea has granted the underwriter a 30-day option to purchase up to an additional 157,500 shares of common stock.

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The net proceeds received from the public offering will enable the Company to continue developing its clinical asset, ATRN-119, its pre-clinical asset ATRN-W1051 and for general corporate purposes.

Maxim Group LLC is acting as sole book-running manager for the offering.

The public offering is being made pursuant to an effective shelf registration statement on Form S-3, as amended (File No. 333-250041), previously filed with the U.S. Securities and Exchange Commission (SEC) on November 12, 2020 and declared effective on November 30, 2020. The securities may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC, will form a part of the effective registration statement and will be available on the SEC’s website at www.sec.gov. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated therein, for more complete information about Aprea and the proposed offering. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. When available, copies of the final prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

OSE Immunotherapeutics Updates on Anti-IL-7 Receptor Antagonist OSE-127/S95011, a Breakthrough Approach in Chronic Inflammatory Autoimmune Diseases and Hematology

On February 22, 2023 OSE Immunotherapeutics SA reported the online publication in the peer-reviewed ‘The Journal of Immunology’ of positive Phase 1 clinical results with OSE-127/S95011, an antiIL-7 receptor (IL-7R) antagonist, and provides an overall update on the product, which is being developed in immuno-inflammation through two ongoing Phase 2 clinical trials in Ulcerative Colitis (sponsor OSE) and in primary Sjögren’s Syndrome (sponsor Servier), and in hematology where promising preclinical data in Acute Lymphoblastic Leukemia (ALL) has already been reported (Press release, OSE Immunotherapeutics, FEB 22, 2023, View Source [SID1234646943]).

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OSE-127/S95011 is being developed in partnership with Servier* via a collaboration agreement. Two clinical studies evaluating OSE-127/S95011 are ongoing: a Phase 2a study conducted by Servier in primary Sjögren’s syndrome and a Phase 2 study conducted by OSE Immunotherapeutics in ulcerative colitis (UC).

Nicolas Poirier, Chief Executive Officer of OSE Immunotherapeutics, comments: "We are very pleased to have this peer-reviewed data on OSE-127 published in ‘The Journal of Immunology’. It recognizes the value of our Phase 1 data which marked an important step towards understanding the safety and efficacy of OSE-127. It confirms the interest in the novel and differentiated mechanism of action of the only full-antagonist of IL-7R for the treatment of chronic autoimmune diseases. OSE-127 is the only compound targeting IL-7R under clinical development in the primary Sjögren’s syndrome and ulcerative colitis.

Based on this strong scientific rationale, we are confident that the ongoing Phase 2 trials conducted by OSE in ulcerative colitis and Servier in primary Sjögren’s syndrome will start to establish OSE-127 as a potential new best-in-class treatment for these disabling chronic inflammatory diseases.

Patient enrolment is completed in the Phase 2a trial in primary Sjögren’s syndrome, and we are looking forward to the results that are expected in H1 2023.

Besides autoimmune diseases, OSE-127 has also demonstrated great therapeutic potential in Acute Lymphoblastic Leukemia (ALL), a very aggressive tumor arising from B or T cell precursors. Our collaboration with the University of Kiel aims at evaluating the therapeutic potential of OSE-127 in targeting and blocking the high and dysregulated IL-7 receptor-expression observed in more than 80% of B- or T-ALL patients. Relapse remains a clinical challenge in B-ALL in high-risk patients and treatment options for T-ALL remain very limited. Novel targeted immunotherapy approaches are urgently needed to meet these patients’ high medical need."

An article, selected as ‘Top Read’ for the March 15th issue, was published online in ‘The Journal of Immunology’ (online). The publication, entitled "First-in-Human Study in Healthy Subjects with the Non-Cytotoxic 1 Monoclonal Antibody OSE-127, a Strict Antagonist of the IL-7Rα" reports on the Phase 1 positive results. These showed a good safety and tolerability profile for OSE-127/S95011, with no signs of significant lymphopenia, cytokine release syndrome or T-cell compartment alterations. All pharmacokinetic and pharmacodynamic parameters were consistent and demonstrated a doseproportionality across the several dose-levels up to 10 mg/kg. A decreased IL-7 pathway gene signature in human peripheral blood cells has been demonstrated confirming the efficient blockade of the target.

Enrollment completed in Phase 2a clinical trial in primary Sjögren’s syndrome (Servier)
Patient enrollment in the Phase 2a clinical trial of OSE-127/S95011 in primary Sjögren’s syndrome conducted by Servier was completed in October 2022.
This international, randomized, double-blind, placebo-controlled, Phase 2a study is designed to evaluate the efficacy and tolerance of the monoclonal antibody OSE-127/S95011 in primary Sjögren’s syndrome. The multicenter study in the United States, Australia and Europe includes 48 patients. Results are expected in H1 2023.
The estimated prevalence of Sjögren’s varies from 2.5 million to 4 million patients (Sjögren’s Syndrome Foundation) in the US alone, with a worldwide estimate of up to 7.7 million in the key markets (US, France, Germany, Italy, Spain, UK and Japan) by the year 2024 (Global Data Research).
To date there is no treatment approved in altering the course of the disease for primary Sjögren’s syndrome, a disease with significant unmet medical need, and only a few molecules are being evaluated in Phase 2/3 clinical development.

Phase 2 clinical trial in ulcerative colitis (UC) with interim analysis (OSE Immunotherapeutics)
The randomized, double-blind Phase 2 clinical trial aims to assess the efficacy and safety of OSE-127/S95011 versus placebo in patients with moderate to severe active UC who have previously failed or lost response or are intolerant to previous treatment(s).

An interim futility analysis was conducted on the prespecified first 50 patients (i.e., 33% of the total patient enrollment in the study) having completed the Induction Phase. After completion of the planned safety and efficacy assessment for futility, the trial’s Independent Data Monitoring Committee (IDMC) recommended the continuation of the study.

UC is a debilitating and chronic inflammatory bowel disease which affects 3.3 million patients in US, Europe and Japan (1) representing 12.2 per 100,000 people by year (2) . Despite broad options, remission rates are only 25-30% (3) leaving most patients without satisfactory treatments.

UC is characterized by a heavy burden on patients’ lives with a strong medical need for new therapeutic options.

Positive preclinical efficacy data in B- and T-Cell Acute Lymphoblastic Leukemia (B- and T-ALL)
The research program of IL-7R antagonist OSE-127 in Acute Lymphoblastic Leukemia (ALL) is being conducted through a collaborative research program between OSE Immunotherapeutics and the University Medical Center Schleswig-Holstein in Kiel (Germany). This collaboration is using patient-derived samples and in-vivo xenograft models to evaluate the therapeutic potential of OSE-127 in targeting and blocking the high and dysregulated IL-7R-expression observed in 84% of B- or T-ALL patients.

The latest preclinical data on the use of OSE-127 for the treatment of B- and T-Cell ALL (B- and TALL) were presented at the American Society of Hematology (ASH) (Free ASH Whitepaper) annual meeting in December 11, 2022. This oral presentation has received the merit-based "Abstract Achievement Award" from the peer-review committee. The presentation, entitled "The IL7R-Antagonist OSE-127 Blocks Acute Lymphoblastic Leukemia Development Via a Dual Mode of Action", reported on the preclinical efficacy of OSE-127 in ALL and on the mechanism of action underlying its anti-leukemic efficacy:

In a large prospective ALL patient cohort, IL-7R cell positivity was detected in more than 84% of cases.
OSE-127 demonstrated preclinical in vivo efficacy as monotherapy in 96% of tested B- and T-ALL Patient Derived Xenografts (PDXs), including samples from relapse and refractory patients.

The American Cancer Society estimated that almost 6,660 new cases of ALL will have been diagnosed in the United States in 2022(4) . In Europe, 7,000 cases of ALL are diagnosed each year(5) . The number of patients in Japan was reported to be about 5,000 in a survey by the Japanese MHLW (Ministry of Health, Labour and Welfare) in 2017. The number of diagnosed incident cases of ALL in Europe, US, Japan and China is estimated to achieve 26,482 cases in 2029(6) .

A global patent protection
Given the potential of OSE-127, OSE Immunotherapeutics has strengthened its global intellectual property until 2037. This has been achieved through the grant of a large number of patents worldwide, notably in major territories including Europe, the US, China and Japan
These patents protect anti-IL-7R antagonist OSE-127 and its therapeutic applications, in particular in autoimmune and inflammatory diseases.

ABOUT OSE-127/S95011
OSE-127/S95011 is a monoclonal immunomodulatory antibody targeting the CD127 receptor, the alpha chain of the interleukin-7 receptor (IL-7R) that induces a powerful antagonist effect on effector T lymphocytes. Interleukin-7 is a cytokine which specifically regulates the tissue migration of human effector T lymphocytes. The blockage of IL-7R prevents the migration of pathogenic T lymphocytes while preserving regulator T lymphocytes which have a positive impact in autoimmune diseases.

Fapon Biopharma’s Anti-CD47 Antibody FP002 Earns IND Approval from FDA

On February 22, 2023 Fapon Biopharma, an innovative biotech company, reported that its Investigational New Drug (IND) application of FP002, an anti-CD47 monoclonal antibody drug candidate, has been approved by FDA for clinical trials (Press release, Fapon Biopharma, FEB 22, 2023, View Source [SID1234634116]).

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FP002 is a humanized anti-CD47 IgG4 monoclonal antibody, developed and patented by Fapon Biopharma. It binds strongly to the CD47 protein on the surface of tumor cells, and weakly to human red blood cells. This novel antibody does not cause hemagglutination. It has proven to be safe, and in comparison with similar products, have shown better efficacy in multiple tumor models in preclinical research. In demonstrating stronger anti-tumor efficacy and higher reliability, FP002 shows great potential in becoming the best-in-class drug worldwide.

Under this IND, the Company intends to initiate a single-armed, dose escalation and dose expansion study to investigate the safety, efficacy, pharmacokinetics (PK) and pharmacodynamics (PD) activity of FP002 in subjects with advanced malignancies. Apart from the FDA submission, it has also been submitted for IND application in China.

"The FDA approval to commence our clinical trial for FP002 is a significant milestone for Fapon Biopharma," said Vincent Huo, President of Fapon Biopharma. "This is our first project that includes IND application in both China and the US. With our cutting-edge technology platform and a competitive pipeline, we are committed to enabling more reliable and affordable biologics for patients all over the world."

BioInvent International AB Year-end report January 1 – December 31, 2022

On February 22, 2023 BioInvent reported its year-end report January 1 – December 31, 2022 (Presentation, BioInvent, FEB 22, 2023, https://www.bioinvent.com/sites/bioinvent/files/pr/20230222-b063fc0d-51a7-495f-8413-79f7771ad6b9-1.pdf?ts=1677049214 [SID1234630378]).

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Initial Results From First Patient Dosed With Perspective Therapeutics’ Lead Drug VMT-?-NET Presented at The Treatment of Neuroendocrine Disorders at the 2023 PET/RTRC Annual Workshop Scientific Session

On February 22, 2023 Perspective, Therapeutics, Inc. (formerly known as "Isoray, Inc.") (NYSE AMERICAN: CATX), a precision oncology company developing alpha-particle therapies and complementary diagnostic imaging agents and an innovator in seed brachytherapy powering expanding treatment options for multiple cancers, reported the presentation of extremely encouraging results regarding 212Pb-VMT-α-NET, its lead preclinical candidate for neuroendocrine tumors (NET), currently being used therapeutically in India on a compassionate use basis (Press release, Perspective Therapeutics, FEB 22, 2023, View Source [SID1234628315]). Dr Vikas Prasad presented the results at the 2023 PET Radiotracer Translation and Resource Center (PET-RTRC) Workshops & Scientific Session hosted by the Mallinckrodt Institute of Radiology (MIR) at Washington University in St. Louis.

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Highlights of the presented results include:

The result from first patient dosed with 212Pb-VMT-α-NET in India on a compassionate use basis showed favorable responses after the first dose.
The initial response was measured by a somatostatin imaging agent 68Ga-DOTANOC and demonstrated encouraging results after a single low dose of 212Pb-VMT-α-NET.
Dr. Prasad noted, "The patient data gathered in the clinic under a compassionate use basis is not only remarkable but an extremely encouraging sign for Perspective Therapeutics’ VMT-α-NET program for the treatment of neuroendocrine tumors. Despite advancement in traditional therapies, novel approaches and therapies are required to further increase patients’ overall survival and improve quality of life. There is an urgent need of bringing these kind of therapies in the first line of management of functionally active neuroendocrine tumors."

Dr. Vikas Prasad, MD, who is an Associate Professor of Radiology, Mallinckrodt Institute of Radiology (MIR), Washington University School of Medicine in St. Louis, presented the 212Pb- VMT-α-NET results. Prior to MIR, Dr. Prasad subsequently performed the first human images of 203Pb-VMT-α-NET while serving as MD, Vice Chair in the Department of Nuclear Medicine at the University Hospital of Ulm, Ulm, Germany.

"We are grateful that the science and medicine that is in development at Perspective Therapeutics has provided a meaningful intervention in a NET patient’s care journey. The results give us hope that we are standing at the beginning of a new era of precision oncology medicine. We look forward to continuing the progress of our pipeline of targeted radiopharmaceuticals for imaging and therapeutic use," said Mr. Thijs Spoor, CEO of Perspective Therapeutics.

VMT-α-NET is being developed for the treatment and diagnosis of somatostatin receptor subtype 2 (SSTR2) expressing neuroendocrine tumors, which are a rare and difficult-to-treat type of cancer. The dosed patients were diagnosed with confirmed-advanced somatostatin expressing neuroendocrine tumors (NETs). In early December, VMT-α-NET, the Company’s lead drug for the treatment of neuroendocrine tumors was administered to patients in India on a compassionate use basis, independent of a planned U.S. trial. No acute adverse reactions were observed post administration and patients remained stable and in good condition.

The administration of VMT-α-NET was performed under the supervision of the patients’ doctor, Dr. Ishita Sen MBBS, DRM, DNB, Director and Head of Nuclear Medicine at Fortis Hospital, New Delhi, in partnership with BJ Madan, a diagnostic & therapeutic radiopharmaceutical company in New Delhi. Radiopharmaceutical was produced (under the direction of Dr. Sen) by Dr. Parul Thakral Dash PhD and administered following appropriate quality control testing. Patients were imaged immediately prior to their first therapeutic dose and immediately prior to the second therapeutic dose. The results seen between the 1st and 2nd doses implied that the patients had a strongly favorable response which was unexpected at such low doses of the drug. Dr. Sen expressed her pleasure at the patients’ progress and said, "Preclinical and clinical data associated with this new radiopharmaceutical demonstrates significant potential to help our NET patients."

Under compassionate use circumstances, VMT-α-NET may be made available to qualified doctors in some countries. In this circumstance, Perspective Therapeutics (formerly Viewpoint Molecular Targeting, Inc.) supplied drug precursors and isotopes for the local production of its proprietary radiotherapeutic, VMT-α-NET. The safety and effectiveness of the treatments will be evaluated by Dr. Sen’s team with laboratory testing, observation of NET-associated symptoms, and repeat medical imaging.

In the U.S., VMT-α-NET will soon enter a Phase 1 imaging and therapy study to be conducted at various hospitals and clinics. The administration of VMT-α-NET for compassionate use is completely independent from and not within the scope of the Company’s Phase 1 trial.

Under compassionate use circumstances, VMT-α-NET may be made available to qualified doctors in some countries. In this circumstance, Viewpoint supplied drug precursors and isotopes for the local production of its proprietary radiotherapeutic, VMT-α-NET. The safety and effectiveness of the treatments will be evaluated by Dr. Sen’s team with laboratory testing, observation of NET-associated symptoms, and repeat medical imaging.

Contacts

Legacy Isoray Investor Relations: Mark Levin (501) 255-1910

Legacy Viewpoint Molecular Targeting Investor Relations: Chuck Padala (917) 741-7792

Media and Public Relations: Sharon Schultz (302) 539-3747