Can-Fite is filing Drug Safety Update Report Showing Positive Safety Results from Phase II and Phase III Studies of Namodenoson and Piclidenoson

On March 3, 2020 Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biopharmaceutical company with a pipeline of proprietary small molecule drugs that address inflammatory, cancer and liver diseases, reported it is submitting its annual Drug Safety Update Reports (DSUR) for both Piclidenoson and Namodenoson to the governing health regulatory agencies where its drug candidates are currently treating patients. Submission of the DSUR is an annual requirement for investigational-stage new drugs under development in territories which subscribe to the International Council for Harmonization guidelines, including the U.S. Food and Drug Administration and the European Medicines Agency (Press release, Can-Fite BioPharma, MAR 3, 2020, View Source [SID1234555097]). The DSUR includes updates on drug safety information such as adverse events, suspected unexpected serious adverse reactions, and other indicators of potential risk. Can-Fite’s reports being filed this year extend the growing body of documentation showing both Piclidenoson and Namodenoson have favorable safety profiles and risk-benefit ratios in more than 1500 patients.

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Dr. Michael Silverman, M.D., Can-Fite’s Medical Director, commented, "We welcome the opportunity to compile our cumulative data on a regular basis, as afforded by the DSUR process. As in years past, these snapshots of our safety data continue to confirm that both of our A3AR drugs in development are well-tolerated. We are pleased that there are no emerging safety concerns that could put patients at risk or impede our efforts to develop new drugs to meet unmet patient needs. These latest data are particularly robust, as we have achieved over 50% enrollment in both of our Phase III studies for Piclidenoson, as well as having completed two Phase II trials for Namodenoson."

Piclidenoson is currently in two Phase III studies, one for the treatment of moderate-to-severe psoriasis to establish superiority versus placebo and non-inferiority versus Otezla with over 50% of the planned 407 patients already enrolled; and another for the treatment of moderate-to-severe rheumatoid arthritis in newly diagnosed patients to establish non-inferiority to MTX, the standard of care, with over 50% of the planned 500 patients enrolled and an interim analysis is planned. Namodenoson has completed a 78-patient Phase II study in liver cancer and Can-Fite is currently preparing for a Phase III trial in this indication. Namodenoson has also recently completed enrollment in a 60 patient Phase II study in the treatment of NASH, with topline results expected inlater this month.

BioCryst to Present at Barclays Global Healthcare Conference

On March 3, 2020 BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) reported that the company will present at the Barclays Global Healthcare Conference in Miami Beach, Florida on Tuesday, March 10, 2020 at 8:00 a.m. ET (Press release, BioCryst Pharmaceuticals, MAR 3, 2020, View Source [SID1234555096]).

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Links to a live audio webcast and replay of the presentation may be accessed in the Investors section of BioCryst’s website at http://www.biocryst.com.

Vivoryon Therapeutics to Attend Upcoming Investor Conferences

On March 3, 2020 Vivoryon Therapeutics AG (Euronext Amsterdam: VVY, ISIN DE0007921835), reported that its management will be presenting at and attending the following upcoming conferences in March 2020 (Press release, Vivoryon Therapeutics, MAR 3, 2020, View Source [SID1234555091]):

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BioCapital Europe

Date: Thursday, March 12, 2020

Presentation: March 12, 2020, at 2:30 pm CET

Location: Amsterdam, The Netherlands

Attendee: Dr. Ulrich Dauer, Chief Executive Officer

BIO Europe Spring

Date: Thursday, March 23-25, 2020

Presentation: March 23, 2020, at 10:15 am CET

Location: Paris, France

Attendee: Dr. Ulrich Dauer, Chief Executive Officer

Turning Point Therapeutics to Host Fourth-Quarter, Full-Year 2019 Conference Call

On March 2, 2020 Turning Point Therapeutics, Inc. (NASDAQ: TPTX), a precision oncology company developing next-generation therapies that target genetic drivers of cancer, reported that it will report fourth quarter and 2019 financial results following the close of U.S. financial markets on Mar. 18 and host a conference call at 1:30 p.m. PT/4:30 p.m. ET to discuss the results and provide operational updates (Press release, Turning Point Therapeutics, MAR 2, 2020, View Source [SID1234564378]). President and CEO Athena Countouriotis, M.D., will host the call, which will include a question and answer session.

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The update will be accessible via audio webcast through the "Investors" section of www.tptherapeutics.com or by dialing (877) 388-2118 (in the United States) or (470) 495-9489 (outside the U.S.) using conference ID 1263239. A replay will be available through the "Investors" section of www.tptherapeutics.com.

ORIC Pharma Plans IPO to Test Therapies for Drug-Resistant Cancers

On March 2, 2020 ORIC Pharmaceuticals reported that which has set a preliminary target of about $86 million for its initial public offering, is looking to list on the Nasdaq exchange under the ticker symbol "ORIC," according to documents filed with securities regulators late Friday (Press release, ORIC Pharmaceuticals, MAR 2, 2020, View Source [SID1234555294]). ORIC is an acronym for "overcoming resistance in cancer."

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The company’s lead drug, ORIC-101, is under evaluation in Phase 1b studies in combination with enzalutamide (Xtandi) in prostate cancer and nab-paclitaxel (Abraxane) in advanced or metastatic solid tumors. Interim data from each trial are expected in 2021.

The discovery of ORIC’s lead experimental drug stemmed from work done by co-founder Charles Sawyers. Previously Sawyers was involved in the discovery of enzalutamide, which aims seeks to slow tumor cell growth by blocking androgens from binding with the androgen receptor. (Androgens, male sex hormones, prompt prostate cancer cell growth.) Another company co-founder, Scott Lowe, is a colleague of Sawyers and an expert in tumor networks and the factors in cancer cells’ response to treatment.

ORIC-101 is designed to tackle tumors that evade anti-androgen therapy by targeting GR activity, another signaling pathway that the company believes cancer cells use to bypass androgen receptors.

Menlo Park, CA-based Corcept Therapeutics also has clinical-stage GR antagonists in its pipeline.

ORIC’s second candidate, ORIC-533, a small molecule inhibitor of CD73, is in preclinical testing. The company plans to ask the FDA for permission to move it into the clinic in the first half of 2021, according to ORIC’s prospectus.

Other companies developing antibodies against CD73 include AstraZeneca (NYSE: AZN), Bristol-Myers Squibb (NYSE: BMY), Novartis (NYSE: NVS) in partnership with Surface Oncology (NASDAQ: SURF), Corvus Pharmaceuticals (NASDAQ: CRVS), Innate Pharma, and Tracon Pharmaceuticals in partnership with I-Mab Biopharma (NASDAQ: IMAB).

ORIC also has four discovery and research programs in its pipeline that target drug-resistant solid tumors.

The company plans to use the IPO proceeds to complete its ongoing Phase 1b trials and subsequent dose-expansion studies, and to start a Phase 1 trial of ORIC-533. Later it will need to raise additional capital to finance further development of the experimental drugs.

South San Francisco-based ORIC launched in 2014. The company also has an office in San Diego. CEO Jacob Chacko was formerly chief financial officer of San Diego precision oncology drug developer Ignyta. He joined ORIC in 2018 after Ignyta’s acquisition by Roche.

He’s not the only one on ORIC’s management team who is an alum of the company, whose drug entrectinib (Rozlytrek) was OK’d by the FDA last year for the treatment of cancers with a genetic mutation known as a TRK fusion, and for patients with metastatic non-small cell lung cancer whose tumors tests positive for genetic variations in ROS1, another oncogenic target. ORIC’s chief medical officer, Pratik Multani, and senior vice president of clinical development, Edna Chow Maneval, most recently held the same roles at Ignyta. Chow Maneval was also vice president of clinical development at Aragon and Seragon, San Diego biotechs that were, prior to acquisition, helmed by another ORIC co-founder, Rich Heyman.

Lori Friedman, ORIC’s chief scientific officer, joined the startup after 15 years at Genentech, where her roles included head of translational oncology for the Roche subsidiary’s Research and Early Development division, which functions as an independent research organization.

As of the end of 2019 ORIC had raised $178.1 million, including a Series D round of $55.5 million closed last summer, according to the IPO filing. The company’s largest outside shareholders are The Column Group, which owns 22.39 percent; Topspin Fund, which owns 15.56 percent; and OrbiMed, which owns 11.67 percent. EcoR1 Capital owns 5.83 percent.

Last year the company reported a net loss of $26.9 million; the year prior, $21.4 million.