AIGEN Sciences Noveltinobility, AI-based ADC “joint development agreement”

On November 1, 2022 AIGEN Sciences reported the company signed a joint research and development agreement with Noveltinobility to develop an artificial intelligence (AI)-based antibody-drug conjugate (ADC) (Press release, AIGEN Sciences, NOV 1, 2022, View Source [SID1234643562]).

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In this joint development, Eisen Science is responsible for designing and synthesizing drugs (payloads) with high selectivity and apoptosis function for cancer cells by applying its own artificial intelligence platform. Noveltinobility is responsible for new ADC design and evaluation of drug efficacy and toxicity using its expertise in antibody new drug development and the payload developed by Eisen Science. The goal of both companies is to develop ADC drugs that increase treatment effectiveness while minimizing side effects.

Eisen Science has a platform technology that can screen and design drugs with new structures that induce transcriptome changes similar to knock down expression of disease targets using transcriptome data-based artificial intelligence technology. The explanation is that through this, off-target side effects of the drug can be minimized.

Novelinobility is an antibody-based innovative new drug development company that has PREXISE-D, a fully human antibody discovery platform using humanized mice (Hu-mice). Novelty is developing pipelines such as single antibodies, ADCs, and double antibodies using antibodies discovered directly using this platform. In addition, Novelty is advancing the ADC linker platform technology PREXISE-L and promoting the development of next-generation ADC through cooperation with biotech companies specialized in developing new drugs for small molecule compounds.

Park Sang-gyu, CEO of Novelinobility, said, "Through cooperation with Igenscience, we have accelerated the development of the next-generation ADC pursued by the company." He added, "If we combine our know-how in developing new antibody drugs with Igenscience’s artificial intelligence platform, we can achieve diverse functionality and excellent drug efficacy." -We expect to be able to develop an ADC with toxicity balance," he said.

Jae-Woo Kang, CEO of Eisen Science, said, "We want to apply artificial intelligence to the development of ADC anticancer drugs through joint development with Nobel Innovation." He added, "The development of a new payload using Eisen Science’s artificial intelligence platform based on transcriptome data is expected to expand the ADC development market. "We expect it to contribute to the expansion," he said.

2022 3Q Earnings

On November 1, 2022 Hanmi reported financial results for third quarter 2023 (Presentation, Hanmi, NOV 1, 2022, View Source [SID1234624525]).

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Investors Meeting Presentation
for Q2 FY2022

ON November 1, 2022 Sumitomo Dainippon Pharma reported its second quarter results (Presentation, Sumitomo Dainippon Pharma, NOV 1, 2022, View Source [SID1234624427]).

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Entry into a Material Definitive Agreement

On November 1, 2022, Statera Biopharma, Inc., a Delaware corporation (the "Company"), reported that entered into a securities purchase agreement (the "Purchase Agreement") with a number of accredited investors to purchase from the Company, in a private placement (the "Private Placement"), (i) an aggregate of 10,200,000 shares (the "PIPE Shares") of the Company’s common stock, par value $0.005 per share (the "Common Stock") and (ii) warrants (the "Warrants") to purchase 20,400,000 shares of Common Stock (the "Warrant Shares") at an exercise price of $0.15, with a term of exercise of five years (Filing, 8-K, Cleveland BioLabs, NOV 1, 2022, View Source [SID1234623230]). Each share of Common Stock was offered with two accompanying Warrants for a combined purchase price of $0.075. The aggregate purchase price for the PIPE Shares and Warrants (collectively, the "Securities") to be sold in the Private Placement is approximately $0.8 million.

The Warrants are exercisable beginning six months after the date of issuance. The Warrants may not be sold, assigned, transferred, pledged or otherwise encumbered without the consent of the Company. The Company has the right to call the warrants on thirty days’ prior written notice at any time following such time that the Company has sold shares of Common Stock to a third party at a post-money company valuation equal to or greater than $100 million. Upon receipt of such notice, a holder of the Warrants will have 30 days to exercise their Warrants, after which time any unexercised Warrants will automatically expire.

The Company expects the Private Placement to close on or about November 15, 2022, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Private Placement for working capital purposes.

The Purchase Agreement includes representations, warranties, and covenants customary for a transaction of this type. In addition, the Company agreed to indemnify the accredited investors from liabilities relating to the Company’s breach of any of the representations, warranties and covenants in the Purchase Agreement. The Securities were sold pursuant to the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and Regulation D promulgated thereunder. The sale of the securities pursuant to the Purchase Agreement has not been registered under the Securities Act or any state securities laws. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Neither this Current Report on Form 8-K, nor the exhibits attached hereto, is an offer to sell or the solicitation of an offer to buy the securities described herein or therein.

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Processa Successfully Identifies Next Generation Capecitabine Dosage Regimens for Phase 2B Trial

On November 1, 2022 Processa Pharmaceuticals, Inc. (Nasdaq: PCSA), a diversified clinical-stage company developing products to improve survival and/or the quality of life for patients who have an unmet medical need condition, reported that positive results from its ongoing Next Generation Capecitabine (NGC) Phase 1B trial (Press release, Processa Pharmaceuticals, NOV 1, 2022, View Source [SID1234623102]). The data collected has allowed Processa to estimate the timeline of dihydropyrimidine dehydrogenase (DPD) irreversible inhibition and the formation of new DPD after PCS6422 administration. NGC regimens (i.e., a variety of PCS6422 regimens combined with a variety of capecitabine regimens) were also identified that are safe with different systemic and tumor exposure profiles to 5-FU. These findings will allow Processa to evaluate multiple regimens with varying 5-FU tumor exposures in the Phase 2B trial for the purpose of identifying the NGC regimens that provide an improved efficacy-safety profile over present therapy.

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During the first 24 to 72 hours after administration of PCS6422 in the Phase 1B trial, less than 10% of the 5-FU was converted into the metabolites that only cause side effects (i.e., catabolites), significantly less than the 80% reported for FDA-approved capecitabine. The potency of NGC (estimated from 5-FU systemic exposure) was approximately 50-times greater than the potency of FDA-approved capecitabine. In addition, the half-life of 5-FU after the initial administration of PCS6422 and capecitabine was found to be significantly greater at 2 to 6 hours versus the typical 5-FU half-life of approximately 45 minutes after capecitabine administration.

Since 5-FU exposure is dependent on both the PCS6422 regimen and the capecitabine regimen, Processa has identified both NGC regimens that are safe as well as regimens that cause dose-limiting toxicities as was seen with one patient in the Phase 1B trial who had progressive stage 4 cancer. This patient had Grade 4 neutropenia, was admitted to the hospital, and subsequently died.

Dr. David Young, President and CEO of Processa, stated, "We have identified NGC regimens that have potency significantly greater than existing therapy and no dose-limiting side effects, unlike existing capecitabine therapy where approximately 25- 60% of the patients require dose modifications or discontinuation. In addition, we understand the effect of different NGC regimens on the timeline of DPD irreversible inhibition and a patient’s production of new DPD, allowing us to better define the relationship between various NGC dosage regimens, 5-FU exposure, and the safety of NGC."

Dr. Young added, "The next step will be to demonstrate in a Phase 2B trial that these NGC regimens also have better efficacy than existing therapy and, therefore, provide a significant improvement in the benefit-risk profile over existing therapy. We plan to use a Phase 2B trial to determine which regimens provide this improved efficacy-safety profile over present therapy using the principles of the FDA’s Oncology Project Optimus initiative to help guide us in the design of the trial. In 2023 Processa plans to meet with FDA to discuss the design of our Phase 2B trial and initiate the trial."

Next Generation Capecitabine

Next Generation Capecitabine (NGC) is a combination of a PCS6422 regimen and a separate capecitabine regimen. Capecitabine is a fluoropyrimidine, like 5-Fluorouracil (5-FU) the major metabolite of capecitabine, that remains the cornerstone of treatment for many types of cancers in an estimated two million patients annually. Capecitabine is an oral pro-drug of 5-FU and approved as first-line therapy for metastatic colorectal and breast cancer. The adverse effects of capecitabine such as the development of Hand-Foot Syndrome from 5-FU catabolites (e.g., α-fluoro-β-alanine (F-Bal)) and neutropenia from 5-FU anabolites (e.g., phosphate metabolites) can have severe adverse effects on a patient’s daily activities, quality of life, and potentially requiring dose interruptions-adjustments or therapy discontinuation, all resulting in suboptimal tumor therapy.

PCS6422 is an oral, potent, selective, and irreversible inhibitor of dihydropyrimidine dehydrogenase (DPD), the enzyme that rapidly metabolizes 5-FU into catabolites which can cause dose-limiting side effects. The formation of 5-FU anabolites in cancer cells and normal cells is not dependent on DPD.

By combining the regimens of PCS6422 and capecitabine, the change in 5-FU metabolism and, therefore, elimination results in an increase in the potency of capecitabine as determined by the systemic exposure of 5-FU per mg of capecitabine administered. This results in requiring less capecitabine to kill cancer cells and to treat each patient. To date, Processa has found that the irreversible inhibition of DPD by PCS6422 can alter the elimination of 5-FU making NGC significantly more potent (greater than 50-times more potent) and potentially leading to higher levels of the anabolites which can kill replicating cancer and normal cells causing dose limiting side effects such as neutropenia. By administering NGC to cancer patients, the balance between anabolites and catabolites changes depending on the dosage regimens of PCS6422 and capecitabine used, making the efficacy-safety profile of NGC different than that of FDA-approved capecitabine and requiring further evaluation of the PCS6422 and capecitabine regimens to determine the optimal Next Generation Capecitabine regimens for patients.

The projected market for NGC is $500 million to $1 billion in the U.S. for the treatment of colorectal cancer and over $1 billion within the U.S. for the treatment of the many cancers that capecitabine is used. The potential worldwide market for NGC for colorectal cancer exceeds $1 billion.