Presenting data at the cancer immunotherapy SITC conference

On October 30, 2019 MonTa Biosciences reported that is attending the cancer immunotherapy SITC (Free SITC Whitepaper) conference in Washington DC to present data on our lead candidate MBS8 (Press release, MonTa Biosciences, OCT 30, 2019, View Source [SID1234618628]).

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Athenex Announces European Commission Grants Orphan Designations for Paclitaxel and Encequidar for the Treatment of Soft Tissue Sarcoma

On October 30, 2019 Athenex, Inc. (Nasdaq: ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, reported that it has received Orphan Designations from the European Commission (EC) for paclitaxel and encequidar ("Oral Paclitaxel") for the treatment of soft tissue sarcoma, following a positive opinion from the European Medicines Agency (EMA) (Press release, Athenex, OCT 30, 2019, View Source [SID1234573893]).

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Dr. Rudolf Kwan, Chief Medical Officer of Athenex, commented, "We are very pleased to receive Orphan Designations from the European Commission, as this further recognizes the potential benefits of Oral Paclitaxel. Earlier this year, we shared encouraging early results from a clinical study in angiosarcoma, a form of soft tissue sarcoma, that showed rapid responses in a difficult to treat patient population. We will soon be extending this study to include sites in Europe."

The EC grants Orphan Designation status to support development of medicines for the treatment of diseases that affect fewer than 5 in 10,000 people in the European Union and provide a significant benefit to those affected by the condition. Orphan Designation may provide certain benefits, including protocol assistance, fee reductions, and a ten-year period of market exclusivity if the drug is approved.

The U.S. FDA has granted oral paclitaxel and encequidar an Orphan Drug Designation in the treatment of angiosarcoma.

The Orascovery platform was initially developed by Hanmi Pharmaceuticals and licensed exclusively to Athenex for all major worldwide territories except Korea, which is retained by Hanmi.

NexImmune Receives IND Clearance for Phase 1/2 trial in Acute Myeloid Leukemia / Myelodysplastic Syndrome

On October 20, 2019 NexImmune, a clinical stage immunotherapy company developing novel T cell therapies, reported that it received Investigational New Drug (IND) clearance for the company’s first cellular therapy product (Press release, NexImmune, OCT 30, 2019, View Source [SID1234554876]). NEXI-001 is being developed for the treatment of acute myeloid leukemia (AML) or myelodysplastic syndrome (MDS) patients with relapsed disease after an allogeneic hematopoietic cellular transplant (allo-HCT). Scott Carmer, NexImmune’s President and CEO, commented "we are excited to initiate clinical trials with NEXI-001, and to provide these patients with a promising new treatment option. NEXI-001 is a product that is meaningfully differentiated from other cellular therapies in that it contains multiple populations of antigen specific endogenous T cells with enhanced anti-tumor properties. Because of this, we are confident NEXI-001 could address key limitations observed with other cellular immunotherapies; specifically, tumor escape through single target down-regulation and tumor relapse due to diminished T cell persistence."

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The Phase 1/2 trial of NEXI-001 will begin enrolling patients at clinical sites across the United States, including Memorial Sloan Kettering, MD Anderson, The City of Hope, The Dana Farber Cancer Institute, and AdventHealth. The trial is a multi-center, dose-escalating, open-label, single-arm study evaluating the safety, tolerability and initial efficacy of adoptively-transferred donor-derived T-cells as a treatment for AML or MDS patients with relapsed disease after allo-HCT. The trial will evaluate two increasing dose levels, with three patients enrolled in each dose escalation cohort. After the initial safety evaluation phase, up to 20 patients will be enrolled in the dose expansion phase. All patients will be followed for at least one year.

Miguel Perales, MD, Deputy Chief of Bone Marrow Transplant Services at Memorial Sloan Kettering Cancer Center and the trial’s lead investigator, stated "for patients receiving T cell therapy after allo-HCT, the primary treatment goal is to separate the efficacy benefits of Graft-versus-Leukemia (GVL) from the toxicities associated with Graft-versus-Host Disease (GVHD). This requires the ability to deliver a cell therapy product that contains a significant proportion of leukemia antigen specific memory T cells, and few-to-no T cell subtypes with allo-reactive potential. We believe NEXI-001 represents a T cell product with potential to deliver against these key treatment goals. Our center is excited to participate in this clinical trial, and we are enthusiastic about the promise NEXI-001 represents for our post-transplant AML/MDS patients with relapsed disease."

Lee Greenberger, MD, Chief Scientific Officer at The Leukemia and Lymphoma Society, commented further, "patients who relapse after allo-HCT are left with a dismal prognosis and limited treatment options, and are in need of new treatments that offer significant benefit. LLS is proud to partner with NexImmune on the development of products like NEXI-001 through our Therapy Acceleration Program (TAP). We believe this unique technology has the potential to meaningfully benefit patients who are in urgent need of novel approaches to treating this disease."

About AML / MDS relapse after Allogeneic Hematopoietic Cellular Transplant
Among patients with Acute Myelogenous Leukemia (AML) or Myelodysplastic Syndrome (MDS), allogeneic hematopoietic cellular transplantation (HCT) used as post-remission therapy for those with high-risk genetic profiles or as salvage therapy for those with disease refractory to chemotherapy offers the highest potential for long-term survival. However, relapse after allogenic HCT remains the major cause of treatment failure, is associated with an extremely poor prognosis, and represents a major therapeutic challenge. In this situation, no standard therapy is defined, but treatment options generally aim to reduce disease burden and to enforce a graft-versus-leukemia (GvL) effect. Commonly used treatment options for these patients are chemotherapy combined with cellular-based approaches, such as donor lymphocyte infusion (DLI)or second transplantation.

About NEXI-001
NEXI-001 is an endogenous cellular therapy and includes populations of primed antigen specific CD8+ cells directed at multiple leukemia relevant antigen targets. Generating T cells against multiple tumor targets minimizes the potential for tumor escape. In addition, NEXI-001 contains T cell subtypes that are predominantly memory phenotypes, with the majority being characterized as stem cell memory and central memory T cells. Importantly, each NEXI-001 product contains minimal populations of naïve T cells (average <5%). Minimizing the naïve T cell compartment reduces alloreactivity and Graft-versus-Host Disease (GvHD) in patients after an allo-HCT, while T cell products that contain high proportions of memory cells, particularly central memory and stem cell memory, have been associated with potent anti-tumor activity, long-term T cell persistence and durable anti-tumor response.

MacroGenics Announces Date of Third Quarter 2019 Financial Results Conference Call

On October 30, 2019 MacroGenics, Inc. (Nasdaq: MGNX), a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, reported that the Company will release its financial results for the third quarter of 2019 after the market closes on Wednesday, November 6, 2019 (Press release, MacroGenics, OCT 30, 2019, View Source [SID1234553168]). MacroGenics will host a conference call to discuss the financial results and recent corporate progress on Wednesday, November 6, 2019 at 4:30 p.m. ET. The conference call can be accessed by dialing (877) 303-6253 (domestic) or (973) 409-9610 (international) five minutes prior to the start of the call and providing the Conference ID 9298813.

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The listen-only webcast of the conference call can be accessed under "Events & Presentations" in the Investor Relations section of the Company’s website at View Source A recorded replay of the webcast will be available shortly after the conclusion of the call and archived on the Company’s website for 30 days following the call.

Akeso Bio Announces Closing of Series C Funding

On October 30, 2019 Akeso BioPharma, a company focusing on innovative antibody drug R&D, reported that it has closed series C funding, led by Ally Bridge Group, with participation from existing investors Shenzhen Capital Group, Triwise Capital and Jianxin Capital (Press release, Akeso Biopharma, OCT 30, 2019, View Source;c=index&a=show&catid=169&id=61 [SID1234550281]). The funding will be used to support Akeso Bio to advance several innovative antibody drugs into later clinical stages, and to build a new commercial production plant.

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Akeso Biopharma was founded in 2012 by a group of entrepreneurial returnees led by Dr. Michelle Yu Xia, focusing on discovering and developing innovative therapeutic antibodies with global intellectual property rights for the treatment of a broad spectrum of diseases. The company has built a world-class R&D and commercialization platform for therapeutic antibodies, and a rich product pipeline targeting oncology, autoimmune and inflammatory, cardiovascular, and pain disease areas. Among the 30 antibody drugs in the pipeline, 10 of them have been filed for IND, 8 have entered clinical studies, and 4 have been selected as part of the National Major New Drug Development program. Akeso Bio was the first Chinese company to out-license a fully internally discovered new therapeutic antibody to a leading multi-national drug company. The milestone payment totals up to $200 million. Akeso Bio developed a series of core antibody R&D technologies in-house, including its unique "Tetrabody" bispecific antibody technology. Akeso Bio’s PD1/CTLA-4 bispecific antibody AK104, developed using the "Tetrabody" bispecific antibody technology, is the first PD-1/CTLA-4 bispecific antibody in the world to enter clinical trial. AK104 was also awarded "Top 10 advances in Biotechnology in China" in 2017

Following series A funding in 2015 and series B funding in 2017, the series C funding of Akeso Bio again receives support from top tier biotech investors, demonstrating the leading position and steady growth of Akeso Bio in the field of antibody drug R&D.

"We are pleased that the company has again drawn so much attention from many investors, and thanks for their continuing acknowledgement on advances of our drug development programs and the overall momentum of Akeso Bio. Within a year we have successfully advanced 8 new drug programs into clinical stage, among which many are in the leading position domestically or internationally. In addition, the construction of the commercial production plant has been initiated. The funding of this round will support us to push forward our preclinical and clinical programs into later stages." said Dr. Michelle Xia, Chairman of the Board and CEO of Akeso Bio.