Merck Begins Tender Offer to Acquire Acceleron Pharma Inc.

On October 12, 2021 Merck (NYSE: MRK), known as MSD outside the United States and Canada, reported through a subsidiary, a cash tender offer to purchase all outstanding shares of common stock of Acceleron Pharma Inc. (Nasdaq: XLRN) (Press release, Merck & Co, OCT 12, 2021, View Source [SID1234591094]). On Sept. 30, 2021, Merck announced that it had entered into a definitive agreement to acquire Acceleron.

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Upon the successful closing of the tender offer, stockholders of Acceleron will receive $180 in cash for each share of Acceleron common stock validly tendered and not validly withdrawn in the offer, without interest and less any required tax withholding. Following the purchase of shares in the tender offer, Acceleron will become a subsidiary of Merck.

Merck will file today with the U.S. Securities and Exchange Commission (the "SEC") a tender offer statement on Schedule TO, which provides the terms of the tender offer. Additionally, Acceleron will file with the SEC a solicitation/recommendation statement on Schedule 14D-9 that includes the recommendation of the Acceleron board of directors that their stockholders accept the tender offer and tender their shares.

The tender offer will expire at 5:00 p.m., Eastern Time, on Nov. 10, 2021, unless extended in accordance with the merger agreement and the applicable rules and regulations of the SEC. The closing of the tender offer is subject to certain conditions, including the tender of shares representing at least a majority of the total number of Acceleron’s outstanding shares, receipt of applicable regulatory approvals, and other customary conditions. The transaction is expected to close in the fourth quarter of 2021.

Leidos Schedules Third Quarter 2021 Earnings Conference Call for Nov. 2, 2021 at 8 a.m. (ET)

On October 12, 2021 Leidos (NYSE: LDOS), a FORTUNE 500 science and technology leader, reported that it has scheduled a conference call for Tuesday, Nov. 2, 2021, at 8 a.m. (ET) its third quarter financial results for the period ending Oct. 1, 2021 (Press release, Leidos, OCT 12, 2021, View Source [SID1234591093]). The company plans to issue its quarterly earnings press release before the conference call on Nov. 2, 2021.

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The details for the earnings conference call follow:

Replay:

A telephone playback of the third quarter earnings conference call is scheduled to be available beginning at 11:30 a.m. (ET) on Nov. 2, 2021, through 11:59 p.m. (ET) on Nov. 9, 2021. The replay will be accessible by calling 877-660-6853 (International callers: +1-201-612-7415), and entering conference ID 13723845.

An archived version of the webcast will be available on the Leidos Investor Relations website at View Source

First Patient Dosed With PVSRIPO in Istari Oncology’s LUMINOS-103 Phase 1/2 Bladder Cancer Sub-Study

On October 12, 2021 Istari Oncology, Inc., a clinical-stage biotechnology company developing novel immunotherapies for the treatment of solid tumors, reported its first patient was dosed in the company’s LUMINOS-103 bladder cancer sub-study (NCT04690699) (Press release, Istari Oncology, OCT 12, 2021, View Source [SID1234591092]). In this sub-study, the safety and response to the company’s novel intratumoral viral immunotherapy, PVSRIPO, is being assessed as a neoadjuvant therapy with or without PD-1 inhibitors in adult bladder cancer patients who are ineligible for chemotherapy. Positive results from this sub-study may lead to a future trial to determine if radical cystectomy (removal of the bladder) could be avoided.

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PVSRIPO is an investigational immunotherapy based on the live–attenuated Sabin type 1 poliovirus vaccine that has been genetically modified for safety. PVSRIPO has been shown to activate a patient’s innate and adaptive immune system to facilitate a systemic anti-tumor immune response. Because PVSRIPO utilizes CD155 (the poliovirus receptor) to enter both solid tumor cells and antigen–presenting cells (APCs) in the tumor microenvironment, it has the potential to treat a variety of cancers.

"PVSRIPO has shown impressive responses with monotherapy in patients participating in two phase 1clinical trials focused on glioblastoma and melanoma," said Matt Stober, president and CEO at Istari Oncology. "We look forward to further evaluating its therapeutic value as we aim to expand the potential treatment options for patients living with bladder cancer."

LUMINOS-103 is a phase 1/2, multi-center, open-label, single-arm basket trial evaluating the administration of PVSRIPO with or without PD-1/L1 inhibitors across multiple tumor types, including muscle-invasive bladder cancer, and head and neck cancer (a sub-study that opened for enrollment in August 2021). The phase 2 LUMINOS-103 bladder cancer sub-study will be conducted at approximately 10 research sites across the U.S. It will evaluate both a neoadjuvant approach in patients with resectable disease, and separately in a cohort of patients with metastatic disease.

An analysis of each cohort comprising the LUMINOS-103 bladder cancer sub-study is planned once 25 to 30 patients per cohort have been enrolled and treated for at least two months. Study endpoints include objective response rate (by RECIST criteria), durability of response, progression and recurrence–free survival, and overall survival.

"Bladder cancer patients, particularly those who cannot receive cisplatin-based chemotherapy or who have advanced disease, are urgently in need of viable treatment options that limit systemic toxicity and improve patient outcomes," said Dr. Neal Shore, MD FACS, U.S. chief medical officer of surgery and urology at GenisisCare US and principal investigator responsible for dosing the first patient in Istari Oncology’s LUMINOS-103 bladder cancer sub-study. "We are excited to be initiating the LUMINOS-103 sub-study at the Carolina Urologic Research Center, and we are hopeful that the promising data achieved in previous clinical studies investigating PVSRIPO in patients with glioblastoma and melanoma will translate to positive outcomes for those in the bladder cancer community."

According to the Bladder Cancer Advocacy Network (BCAN), a national advocacy organization devoted to advancing bladder cancer research and supporting those impacted by the disease, bladder cancer most often begins in the urothelial cells that line the inside of the bladder with most tumors developing on the inner layer of the bladder. Bladder cancer becomes more difficult to treat as it grows through the layers of the bladder and into the muscle wall. Though less frequently, bladder cancer can also occur in the kidneys and ureters. The American Cancer Society estimates 84,000 new cases of bladder cancer in the U.S. in 2021.

For more information about Istari Oncology and its ongoing clinical trials, visit www.istarioncology.com.

About PVSRIPO
PVSRIPO is an investigational immunotherapy based on the live attenuated Sabin type 1 poliovirus vaccine that has been genetically modified for safety. PVSRIPO targets cells using the poliovirus receptor CD155, which is widely expressed on both the malignant cells of most solid tumors and key antigen presenting cells within the tumor microenvironment. PVSRIPO targets tumors using three key mechanisms: 1) engagement and activation of antigen presenting cells (APCs), leading to T cell priming and sustained, systemic anticancer immunity; 2) direct tumor cell killing and antigen release; and 3) amplification of the immune response via recall of poliovirus vaccine-specific T cells. PVSRIPO has been granted Breakthrough Therapy and Orphan Drug Designation status by the U.S. Food and Drug Administration in recurrent glioblastoma, and Fast Track and Orphan Drug Designation status in refractory melanoma.

GeneCentric Therapeutics Collaborates with Labcorp to Develop Novel RNA-Based Oncology Diagnostics

On October 12, 2021 GeneCentric Therapeutics, a company making precision medicine more precise through RNA-based diagnostics, reported a new strategic collaboration with Labcorp, a leading global life sciences company, to develop and commercialize new RNA-based gene signatures as diagnostics for people with cancer (Press release, GeneCentric Therapeutics, OCT 12, 2021, View Source [SID1234591091]).

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This latest collaboration builds on the organizations’ existing relationship. It involves ribonucleic acid (RNA)-based diagnostics and companion diagnostics development, combining GeneCentric’s extensive pipeline of predictive response gene signatures with Labcorp’s decades-long leadership in bringing new tests to market.

RNA-based gene signatures will be co-developed alongside Labcorp Drug Development, while subsequent tests will be deployed to major academic and community cancer centers through Labcorp Diagnostics. RNA-based gene signatures and associated diagnostic development will be accomplished through retrospective analysis of Labcorp’s de-identified clinical and genomic data and through GeneCentric’s pharmaceutical and biotechnology partnerships. Under the agreement, GeneCentric stands to earn development milestones in addition to commercialization terms. Additionally, Labcorp has made an upfront investment in the company.

"Labcorp has been a great partner as GeneCentric pioneered RNA-based gene signature technology and diagnostics to where they are today," said Michael Milburn, Ph.D., GeneCentric president and CEO. "They have an established track record of innovation in the precision medicine space with their extensive menu of companion and complementary diagnostic tests, as well as a shared vision for the promise of RNA signatures as the next generation of cancer diagnostics. This expanded collaboration will be instrumental in helping us commercialize our novel, RNA-based diagnostics."

RNA-based gene signatures provide deeper insights of the tumor and immune micro-environment when compared to traditional DNA testing. They can be used to identify a broader patient population that may benefit from targeted or immunotherapy.

"Our latest strategic collaboration with GeneCentric will draw upon their industry-leading RNA-based signatures and help facilitate the creation of better tools for oncology diagnostics, drug development and patient care," said Steven Anderson, Ph.D., senior vice president and chief scientific officer at Labcorp Drug Development. "The new diagnostics developed through this arrangement will further our goal of enabling physicians to improve outcomes by tailoring treatment options based on precision medicine."

Deciphera Announces Approval of QINLOCK® in Switzerland for the Treatment of Fourth-Line Gastrointestinal Stromal Tumor

On October 12, 2021 Deciphera Pharmaceuticals, Inc. (NASDAQ: DCPH), a commercial-stage biopharmaceutical company developing innovative medicines to improve the lives of people with cancer, reported that the Swiss Agency for Therapeutic Products (Swissmedic) has granted approval for QINLOCK (ripretinib) for the treatment of adult patients with advanced gastrointestinal stromal tumor (GIST) who have received prior treatment with three or more kinase inhibitors, including imatinib1 (Press release, Deciphera Pharmaceuticals, OCT 12, 2021, View Source [SID1234591090]).

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"We are committed to delivering this much-needed medicine to patients globally, and are thrilled that we have received approval in Switzerland, which is our seventh approval worldwide and the first in Europe," said Steve Hoerter, President and Chief Executive Officer of Deciphera. "Following a positive opinion earlier this month from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP), we look forward to a potential approval from the European Commission (EC) for QINLOCK in the fourth quarter of this year, and to ensuring that GIST patients across the EU have access to this treatment option designed specifically for their disease."

The application for QINLOCK approval was supported by efficacy results from the primary analysis of the pivotal Phase 3 INVICTUS study of QINLOCK in patients with advanced GIST as well as combined safety results from INVICTUS and the Phase 1 study of QINLOCK. In INVICTUS, QINLOCK demonstrated a median progression-free survival of 6.3 months compared to 1.0 month in the placebo arm and significantly reduced the risk of disease progression or death by 85% (hazard ratio of 0.15, p<0.0001). Secondary endpoints as determined by independent radiologic review using modified RECIST include Objective Response Rate (ORR) and Overall Survival (OS). QINLOCK demonstrated an ORR of 9.4% compared with 0% for placebo (p =0.0504)2. In addition, QINLOCK demonstrated a median overall survival of 15.1 months compared to 6.6 months in the placebo arm and reduced the risk of death by 64% (hazard ratio of 0.36) 2.

The most frequently observed adverse drug reactions (≥20%) in patients treated with QINLOCK were fatigue, alopecia, nausea, myalgia, constipation, diarrhea, palmar-plantar erythrodysesthesia syndrome (PPES), weight decreased, vomiting, lipase increased, muscle spasms, arthralgia, headache and dyspnoea1,2.

In the INVICTUS study, adverse reactions resulting in permanent discontinuation occurred in 8% of patients, dosage interruptions due to an adverse reaction occurred in 24% of patients and dose reductions due to an adverse reaction occurred in 7% of patients who received QINLOCK 1,2.

About QINLOCK (ripretinib)

QINLOCK is a switch-control tyrosine kinase inhibitor that was engineered to broadly inhibit KIT and PDGFRA mutated kinases by using a dual mechanism of action that regulates the kinase switch pocket and activation loop. QINLOCK inhibits primary and secondary KIT mutations in exons 9, 11, 13, 14, 17, and 18 involved in GIST, as well as the primary exon 17 D816V mutation. QINLOCK also inhibits primary PDGFRA mutations in exons 12, 14, and 18, including the exon 18 D842V mutation, involved in a subset of GIST3,4.