Soligenix Receives European Patent for Therapeutic Use of Synthetic Hypericin to Treat Cutaneous T-Cell Lymphoma

On April 6, 2020 Soligenix, Inc. (Nasdaq: SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, reported that the European patent office has granted the divisional patent application titled "Formulations and Methods of Treatment of Skin Conditions" (No. 2932973) (Press release, Soligenix, APR 6, 2020, View Source [SID1234556158]). The granted claims are directed to the therapeutic use of synthetic hypericin in the treatment of cutaneous T-cell lymphoma (CTCL). Synthetic hypericin is the active pharmaceutical ingredient in SGX301, the Company’s photodynamic therapy, for which positive primary endpoint results in a pivotal Phase 3 study for the treatment of CTCL were recently announced (available here). This new patent expands on Soligenix’s comprehensive patent estate, which includes protection on the composition of the purified synthetic hypericin, methods of synthesis and therapeutic methods of use in both CTCL and psoriasis, and is being pursued worldwide.

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SGX301 is a novel, first-in-class, photodynamic therapy that combines synthetic hypericin, a potent photosensitizer that is applied to the cancerous CTCL skin lesions and activated using a brief, safe, fluorescent light treatment. This treatment approach is expected to minimize the risk of secondary malignancies (including melanoma) inherent with the frequently employed DNA-damaging chemotherapeutic drugs and other photodynamic therapies that are dependent on ultraviolet A and B exposure. In the double-blind, placebo-controlled Phase 3 "FLASH" (Fluorescent Light Activated Synthetic Hypericin) trial, SGX301 demonstrated a statistically significant improvement (p=0.04) in its primary endpoint after just 6 weeks of therapy (Cycle 1). The open-label extended treatment (Cycles 2 and 3) and 6–month safety follow-up remain ongoing, with data from Cycle 2 expected to be available in June 2020. Preliminary assessment of the blinded Cycle 2 results suggest a more robust response rate after 12 weeks of SGX301 treatment.

"This recently issued patent continues to expand, strengthen and protect our synthetic hypericin patent estate," stated Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix. "With the support of the National Cancer Institute (NCI), most recently providing $1.5 million of non-dilutive funding under a two year Small Business Innovative Research (SBIR) grant, as well as important contributions from key patient advocacy organizations, such as the Cutaneous Lymphoma Foundation, we look forward to completing the ongoing pivotal Phase 3 CTCL study to potentially address the unmet medical need that currently exists in this orphan disease.

About Cutaneous T-Cell Lymphoma (CTCL)

CTCL is a class of non-Hodgkin’s lymphoma (NHL), a type of cancer of the white blood cells that are an integral part of the immune system. Unlike most NHLs which generally involve B-cell lymphocytes (involved in producing antibodies), CTCL is caused by an expansion of malignant T-cell lymphocytes (involved in cell-mediated immunity) normally programmed to migrate to the skin. These malignant cells migrate to the skin where they form various lesions, typically beginning as a rash and eventually forming raised plaques and tumors as the disease progresses. Mortality is related to the stage of CTCL, with median survival generally ranging from about 12 years in the early stages to only 2.5 years when the disease has advanced. There is currently no cure for CTCL. Typically, CTCL lesions are treated and regress but usually return either in the same part of the body or in new areas.

CTCL constitutes a rare group of NHLs, occurring in about 4% of the approximate 700,000 individuals living with the disease. It is estimated, based upon review of historic published studies and reports and an interpolation of data on the incidence of CTCL that it affects over 25,000 individuals in the US, with approximately 3,000 new cases seen annually.

About Synthetic Hypericin

Synthetic hypericin, the active ingredient in SGX301, is a potent photosensitizer that is topically applied to skin lesions, is taken up by the malignant T-cells, and then activated by fluorescent light 16 to 24 hours later. This treatment approach avoids the risk of secondary malignancies (including melanoma) inherent with the frequently employed DNA-damaging chemotherapeutic drugs and other photodynamic therapies that are dependent on ultraviolet exposure. Combined with photoactivation, hypericin has demonstrated significant anti-proliferative effects on activated normal human lymphoid cells and inhibited growth of malignant T-cells isolated from CTCL patients. In a published Phase 2 clinical study in CTCL, patients experienced a statistically significant (p=0.04) improvement with topical hypericin treatment whereas the placebo was ineffective. SGX301 has received orphan drug and fast track designations from the US Food and Drug Administration (FDA), as well as orphan designation from the European Medicines Agency (EMA).

Based on the positive results demonstrated in the Phase 2 study of SGX301, the Phase 3 protocol is a highly powered, double-blind, randomized, placebo-controlled, multicenter trial targeted to enroll 160 evaluable subjects. The trial consists of three treatment cycles, each of 8 weeks duration. Treatments are administered twice weekly for the first 6 weeks and treatment response will be determined at the end of Week 8. In the first treatment cycle, 116 subjects received SGX301 and 50 subjects received placebo treatment of their index lesions. In the second cycle, all subjects received SGX301 treatment of their index lesions and in the third cycle all subjects could receive SGX301 treatment of all their lesions. Subjects are followed for an additional 6 months after the completion of treatment. The primary efficacy endpoint was assessed on the percent of patients in each of the two treatment groups (i.e., SGX301 and placebo) achieving a Partial or Complete Response (yes/no) of the treated lesions defined as a ≥ 50% reduction in the total Composite Assessment of Index Lesion Disease Severity (CAILS) score for three index lesions at the Cycle 1 evaluation visit (Week 8) compared to the total CAILS score at baseline. Assessment of the primary endpoint revealed that 16% patients receiving SGX301 responded (i.e., had ≥ 50% reduction in index lesion size) while only 4% receiving placebo responded (p=0.04). Preliminary results from blinded data to date suggest more than a 35% response rate (inclusive of patients receiving both 12 weeks and 6 weeks of therapy), indicating the response increases with continued treatment.

Other secondary measures assessed are treatment response (including duration), degree of improvement, time to relapse and safety, and will be available as the subsequent cycles and follow-up visits are completed for all subjects.

Overall safety of SGX301 is a critical attribute of this treatment and will continue to be monitored throughout the additional treatment cycles and the 6-month follow-up period. SGX301’s mechanism of action is not associated with DNA damage, making it a safer alternative than currently available therapies, all of which are associated with significant and sometimes fatal, side effects. Predominantly these include the risk of melanoma and other malignancies, as well as the risk of significant skin damage and premature skin aging. Currently available treatments are only approved in the context of previous treatment failure with other modalities and there is no approved front-line therapy available. Within this landscape, treatment of CTCL is strongly motivated by the safety risk of each product. SGX301 potentially represents the safest available efficacious treatment for CTCL. With no systemic absorption, a compound that is not mutagenic and a light source that is not carcinogenic, there is no evidence to date of any potential safety issues.

The Phase 3 CTCL clinical study was partially funded by the National Cancer Institute via a Phase II SBIR grant (#1R44CA210848-01A1) awarded to Soligenix, Inc.

MaxCyte to Present at Upcoming 2020 Solebury Trout Virtual Investor Conference

On April 6, 2020 MaxCyte, a global cell-based therapies and life sciences company, reported that CEO Doug Doerfler plans to present an overview of the company and provide a business update at the upcoming Solebury Trout Virtual Global Healthcare Series (Press release, MaxCyte, APR 6, 2020, View Source [SID1234556157]). During the 25-minute presentation, participants will be able to submit questions electronically with answers provided by the company on an individual basis afterwards. Details are as follows:

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Date/Time: Tuesday, April 7, 2020, at 10:30 a.m. EDT
To access the presentation, please login HERE: https://78449.themediaframe.com/dataconf/productusers/solebury/mediaframe/36850/indexl.html

Boston Biomedical, Inc. Announces First Patient Dosed in Phase 1 Study of Investigational Agent TP-3654 in Patients with Myelofibrosis

On April 6, 2020 Boston Biomedical, Inc. reported the first patient has been dosed in a phase 1 study evaluating the investigational agent TP-3654, a PIM kinase inhibitor, in patients with intermediate-2 and high-risk primary or secondary myelofibrosis (Press release, Boston Biomedical, APR 6, 2020, View Source [SID1234556156]). The multicenter, open-label, dose-escalation study will identify the maximum tolerated dose (MTD) and recommended phase 2 dose as well as assess the overall safety of oral TP-3654 as a monotherapy administered in patients with myelofibrosis who have been previously treated and failed or are ineligible to receive treatment with a Janus kinase (JAK) inhibitor.

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"The initiation of this study marks an important milestone for our company as we continue to advance our oncology portfolio of investigational compounds into the clinical setting. Also, it is the first compound originating from our affiliate, Tolero Pharmaceuticals, that Boston Biomedical will develop," said Patricia S. Andrews, Chief Executive Officer and Global Head of Oncology. "We look forward to learning more about the safety profile and potential activity of TP-3654 in myelofibrosis."

Secondary objectives of the study are to establish the pharmacokinetic profile, assess preliminary clinical activity and determine the safety profile of TP-3654 as a single agent. The study also includes an exploratory objective to evaluate potential pharmacodynamic markers in patients receiving TP-3654 as monotherapy.

The trial is being conducted at sites in the United States. Additional information on this trial, including comprehensive inclusion and exclusion criteria, can be accessed at www.ClinicalTrials.gov (NCT04176198).

About TP-3654
TP-3654 is an investigational second-generation selective PIM kinase inhibitor under evaluation in a phase 1 study in patients with myelofibrosis (NCT04176198), led by Boston Biomedical, as well as a phase 1 study in patients with advanced solid tumors (NCT03715504), led by Tolero Pharmaceuticals, Inc.

About PIM Kinase
PIM kinases are major effectors of JAK/STAT proliferative signaling downstream of multiple growth factors and cytokines.1 PIM is overexpressed in cancers and it may enhance the ability of fibroblasts to differentiate into myofibroblasts.1

Luminex Corporation Pre-Release of 1st Quarter Revenue

On April 6, 2020 Luminex Corporation reported 1st quarter 2020 revenues of just over $90 million, up approximately 10% over the 1st quarter of 2019 and approximately 8% above the top end of its previously communicated 1st quarter revenue guidance range of $82 to $84 million. Highlights include (Press release, Luminex, APR 6, 2020, View Source [SID1234556155]):

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Molecular Diagnostics Revenue of approximately $45 million, up more than 25% vs. Q1 2019, driven by SARS-CoV-2 pandemic-related sales:
Non-automated assays of $19 million, up more than 15% vs. Q1 2019
Sample-to-answer business of approximately $26 million, up more than 50% vs. Q1 2019
Automated assays of $23 million, up more than 35% vs. Q1 2019
Record sample-to-answer system placements: approximately 120 systems were sold or contracted, the majority of which were ARIES
Strong demand continues across all Respiratory/COV-19 products
Licensed Technologies Group revenue of approximately $37 million, up 5% vs. Q1 2019:
Placed 223 XMap systems, 6% higher than the 1st Qtr of 2019
In-line with expectations
Flow Cytometry revenue of more than $6 million
Down more than 40% vs. Q1 2019, but down just over 20% when adjusted for over $2 million of confirmed orders we have been unable to install due to the COVID-19 pandemic
Significantly affected by slowdown in academic research
"During the first quarter, and in the face of a global pandemic, our diversified business performed very well and showcased both our flexibility and creativity. In these challenging times, our organization has stepped up and provided multiple solutions to the marketplace, including several recent Emergency Use Authorized SARS-CoV-2 tests," said Nachum "Homi" Shamir, President and CEO. "Through the tireless efforts of our front-line employees, we have ramped up manufacturing to accommodate the ever-increasing needs of our customers, both existing and new. We look forward to providing a more detailed analysis of our full results during our quarterly results call."

The full financial results for the quarter and any changes to 2020 guidance and/or provision thereof, will be discussed on our first quarter earnings call, currently scheduled for May 11, 2020.

BD Announces Live Webcast Of Second Fiscal Quarter Earnings Conference Call

On April 6, 2020 BD (Becton, Dickinson and Company) (NYSE: BDX) reported that it will conduct a live webcast of its second fiscal quarter 2020 earnings conference call on Thursday, May 7, 2020, at 8:00 a.m. (ET) (Press release, BD Pharmaceutical Systems, APR 6, 2020, View Source [SID1234556154]). BD will issue a press release detailing the quarter’s earnings earlier that morning.

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The webcast of the conference call, along with related slides, will be accessible through BD’s website at www.bd.com/investors and will be available for replay through Thursday, May 14, 2020.