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Greenwich LifeSciences Announces Exercise and Closing of Underwriter’s Over-Allotment Option

On January 29, 2021 Greenwich LifeSciences, Inc. (Nasdaq: GLSI) (the "Company"), a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery, reported that the underwriter of its previously announced underwritten public offering has exercised its option and purchased an additional 70,000 shares of common stock at a price of $40.00 per share (Press release, Greenwich LifeSciences, JAN 29, 2021, View Source [SID1234574415]). Total gross proceeds to the Company from the offering, including the funds received from the prior closing and exercise of this option, are approximately $29.2 million, before deducting underwriting discounts, commissions and other offering expenses payable by the Company.

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Aegis Capital Corp. acted as sole bookrunner for the offering.

A registration statement relating to the shares of common stock being sold in this offering was declared effective by the Securities and Exchange Commission (the "SEC") on December 17, 2020. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained on the SEC’s website, www.sec.gov, or by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th Floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010.

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

Moleculin Announces Reverse Stock Split

On January 29, 2021 Moleculin Biotech, Inc., (Nasdaq: MBRX) (Moleculin or the Company), a clinical stage pharmaceutical company with a broad portfolio of drug candidates targeting highly resistant tumors and viruses, reported that it filed a certificate of amendment to its certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-6 reverse stock split of its common stock (Press release, Moleculin, JAN 29, 2021, View Source [SID1234574414]). The reverse stock split will take effect at 5:00 pm (Eastern Time) on January 29, 2021, and the Company’s common stock will open for trading on The Nasdaq Capital Market on February 1, 2021 on a post-split basis, under the existing ticker symbol "MBRX" but with a new CUSIP number 60855D200.

Moleculin Biotech, Inc. is a clinical stage pharmaceutical company focused on the development of a broad portfolio of oncology drug candidates for the treatment of highly resistant tumors. (PRNewsfoto/Moleculin Biotech, Inc.)

As a result of the reverse stock split, every six shares of the Company’s common stock issued and outstanding prior to the opening of trading on February 1, 2021 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.001. No fractional shares will be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share will be entitled to the rounding up of the fractional share to the nearest whole number.

As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 72.0 million shares to approximately 12.0 million shares, and the number of authorized shares of common stock will remain at 100 million shares. As a result of the reverse stock split, proportionate adjustments will be made to the per share exercise price and/or the number of shares issuable upon the exercise or vesting of all outstanding stock options, restricted stock unit awards and warrants, which will result in a proportional decrease in the number of shares of the Company’s common stock reserved for issuance upon exercise or vesting of such stock options, restricted stock awards and warrants, and, in the case of stock options and warrants, a proportional increase in the exercise price of all such stock options and warrants. In addition, the number of shares reserved for issuance under the Company’s equity compensation plan immediately prior to the reverse stock split will be reduced proportionately.

NRG Oncology Trial Results Show Safety of Adaptive Radiotherapy in Non-Small Cell Lung Cancer Patients, Open Paths to Future Prospective Studies

On January 29, 2021 The NRG Oncology and the American College of Radiology Network (ACRIN) multicenter, reported that phase II trial, NRG-RTOG 1106/ACRIN 6697 is the first randomized trial to demonstrate the feasibility and safety of performing adaptive radiotherapy escalation in patients with locally advanced non-small cell lung cancer (NSCLC) (Press release, NRG Oncology, JAN 29, 2021, View Source [SID1234574411]). The improvement of in-field tumor control appeared similar to the level (1% improvement with 1Gy dose escalation) of the Single Institutional Study of adaptive radiotherapy performed at University of Michigan, and different from that of RTOG617 with non-adaptive high dose radiation in stage III NSCLC. The results were presented at the virtual edition of the International Association for the Study of Lung Cancer 2020 World Conference on Lung Cancer, Singapore.

The NRG Oncology randomized phase III trial NRG-RTOG 0617 offered the insight that a higher dose of radiotherapy delivered with chemoradiotherapy actually worsened tumor control and survival for this patient population. NRG-RTOG 1106/ACRIN 6697 was designed to bridge this treatment gap by testing adaptive radiotherapy dose escalation with chemotherapy to see if this treatment could enhance 2-year local-regional tumor control compared to the 60 Gy standard dose of radiotherapy this patient population typically receives. The use of fluorodeoxyglucose-positron emission tomography (FDG-PET/CT) imaging would help identify resistant aggressive tumor identified mid-treatment and adapt personalized treatment plans per each individual’s tolerance.

Patients with Stage III NSCLC were randomly assigned in a 2:1 ratio to receive either the standard radiotherapy at 60 Gy (Standard Arm) or the adaptive radiotherapy treatment that resulted in a median dose escalation of 11 Gy (Adaptive Arm). Patients on both treatment arms received FDG-PET/CT imaging at mid-treatment for radiation. The Standard Arm included 43 eligible patients whereas the Adaptive Arm included 84 eligible patients. The Standard Arm had a median follow up of 3.7 years for surviving patients with acceptable overall radiotherapy compliance rates (92.9% and 50% per protocol). The 2-year overall local-regional progression free rate was 59.5% (95% CI: 37.9, 75.7). Median local-regional progression free time was 27.5 months (95% CI: 14.3, not reached) in the Standard Arm. The Adaptive Arm had a median follow up of 3.4 years for surviving patients with acceptable overall radiotherapy compliance rates (95.8% for the initial course of treatment and 32.4% for adaptive course per protocol) and 2-year overall local-regional progression free rates were 54.6% (95% CI: 39.9, 67.0). Median local-regional progression free time was 28.4 months (95% CI: 19.1, not reached) in the Adaptive Arm. There were no significant differences in grade 3 or worse toxicity of lung, esophagus, and heart or overall survival, progression-free survival, and lung cancer specific survival between treatment arms. Adaptive radiotherapy did increase in-field local-regional tumor control by 11% and in-field primary tumor control by 17% during the trial.

"Not all patients respond the radiation dose escalation in the same way. We have already learned from a genotypic study of RTOG617 (which was recently presented in ASTRO 2020) that only one third of stage III patients with radiation resistant genotype on DNA repair pathway genes will benefit from dose escalation. Future trial designs should be focused on individualizing radiotherapy dose prescriptions according to patient’s intrinsic sensitivity in order to improve survival. Additionally, further research should investigate if adaptive radiotherapy could increase normal tissue sparing factor (Sp) to improve survival on top of dose optimization in each individual," stated Feng-Ming (Spring) Kong, MD, PhD, FACR, FASTRO of the Clinical Oncology Center, the University of Hong Kong – Shenzhen Hospital; and Li Ka Shing Faculty of Medicine, The University of Hong Kong; Department of Radiation Oncology, Case Western Reserve University, and the lead author of the NRG-RTOG 1106/ACRIN 6697 abstract.

This project was supported in parts by National Cancer Institute (NCI) National Institutes of Health (NIH) grants U10CA180868 (NRG Oncology Operations), U10CA180822 (NRG Oncology SDMC), U24CA196067 (NRG Biospecimen Bank), R01CA142840 (Kong), Shenzhen KQTD20180411185028798 (Kong), and NRG NCORP grant.

Oasmia Pharmaceutical Appoints Dr. Heidi B. Ramstad as Chief Medical Officer

On January 29, 2021 Oasmia Pharmaceutical AB, an innovation-focused specialty pharmaceutical company, reported the appointment of Dr. Heidi B. Ramstad as Chief Medical Officer reporting to Dr. Francois Martelet, Chief Executive Officer. Dr. Ramstad will join Oasmia in her new role no later than March 1st, 2021 (Press release, Oasmia, JAN 29, 2021, View Source [SID1234574401]).

Dr. Ramstad replaces Dr. Reinhard Koenig, Oasmia’s acting Chief Medical Officer. Dr. Koenig, who is based on the East Coast of the US, will continue to advise Oasmia at a senior level.

Dr. Ramstad has more than 20 years’ experience as a medical doctor and biopharmaceutical executive in the healthcare sector. Recent positions include working for Nisonic AS as Chief Medical Officer and as Managing Director at NorMed Consulting. Dr. Ramstad has also worked for a number of blue-chip pharmaceutical companies including Roche and GSK, serving as Country Medical Director for Norway, and Pfizer, serving as Nordic Medical Affairs Manager.

Dr. Ramstad received her Graduate degree in Medicine from the Norwegian University of Science and Technology in June 2000.

François Martelet, M.D., CEO of Oasmia, commented: "We are delighted to have Heidi join the Oasmia team at this important juncture for the Company as we continue to implement our strategy of accelerating growth and generating long term value. Heidi’s depth of medical experience will be instrumental as we look to develop and grow our pipeline of specialty pharma products. I’d also like to thank Dr. Reinhard Koenig wholeheartedly for his significant contribution to Oasmia as acting CMO."

Dr. Ramstad, newly appointed CMO of Oasmia, said: "I am thrilled to be joining the Oasmia team at this important time in the Company’s development. I look forward to working alongside the wider team to help progress Oasmia’s pipeline, help evaluate opportunities to apply Oasmia’s proprietary XR-17 solubility-enhancing technology platform, and potential M&A and in-licensing opportunities to benefit patients in oncology and other therapeutic areas."

OSE Immunotherapeutics Expands its Collaboration with MAbSilico to Use Artificial Intelligence to Accelerate Drug Development of Novel Antibody Therapeutics

On January 28, 2021 OSE Immunotherapeutics reported a new collaboration agreement with MAbSilico, a deep technology innovative TechBio located in Tours, France, to use artificial intelligence (AI)-based software for therapeutic monoclonal antibody drug development (Press release, OSE Immunotherapeutics, JAN 28, 2021, View Source [SID1234646990]).

Nicolas Poirier, Chief Scientific Officer of OSE Immunotherapeutics, stated: "Expansion of our collaboration with MAbSilico to ten additional programs reflects our shared conviction that we can meaningfully improve and accelerate drug discovery, by pairing the knowledge and expertise of our R&D teams with the innovative technologies offered by MAbSilico. This perfectly complements the Company’s evolving business strategy to build a competitive development engine and bring more products into the clinic, hence accelerating and expanding our clinical stage portfolio in immunotherapy."

OSE Immunotherapeutics and MAbSilico entered into an initial agreement early 2020 to apply innovative AI-based solutions to six programs aiming at accelerating the characterization and optimization of monoclonal antibodies and therapeutic proteins for OSE to investigate as therapeutic agents.

Through this expanded agreement, both companies reinforce and extend the scope of the collaboration to use MAbSilico software for ten additional development programs of antibody drugs in immuno-oncology, inflammation and autoimmune diseases for OSE.

Furthermore, both companies are bringing together their unparalleled expertise in the field of AI and antibody-based therapies to develop a disruptive computational in silico Antibody Discovery and Design platform combining OSE’s database and expertise with MAbSilico’s AI-tools.

MAbSilico software, including AI, numerical simulation and data mining, is being used to guide therapeutic antibody discovery, help reduce the risk of failure and accelerate the preclinical development process of antibody drug candidates, with the objectives of speeding up the start of clinical testing.

This new collaboration between OSE Immunotherapeutics and MAbSilico aims to:
Accelerate the development of OSE’s "Immunotherapy 2.0" drug candidates by using AI, including machine learning and algorithms, at a very early stage in the process of monoclonal antibody discovery and optimization (AI-driven drug discovery); – Demonstrate how in silico software for computational antibody discovery and design can disrupt traditional drug development processes and timelines, from the selection of a promising epitope to the optimization of the final humanized lead. The very complementary knowledge of OSE’s antibody expertise, knowledge and databases with MAbSilico’s AI expertise and antibodydedicated deep tech technologies gathered in its integrated software, MAbFactory, is a revolution for antibody development.