Press Release Oncology Venture calls first investment tranche of SEK 10 million under its share subscription agreement with Global Corporate Finance

On June 9, 2020 Oncology Venture A/S (Nasdaq First North Stockholm: OV.ST) ("OV" or the "Company") reported that it has called upon Global Corporate Finance (GCF) to invest SEK 10 million in a directed shared issue in accordance with the Company’s share subscription agreement with GCF (Press release, Oncology Venture, JUN 9, 2020, View Source [SID1234560941]). The draw-down notice was issued to GCF on June 9, and the share subscription price shall be calculated as 95% of the daily volume weighted average price (VWAP) of the Company’s shares for the five consecutive trading days following the date of the draw down notice.

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The investment is the first investment tranche of up to a total of five such tranches Oncology Venture may request from Global Corporate Finance (New York City, NY, U.S.). Each investment tranche can total up to SEK 10 million.

Provectus Biopharmaceuticals Expands Global Patent Portfolio to India for Cancer Combination Therapy

On June 9, 2020 Provectus (OTCQB: PVCT) reported that the Indian Patent Office (IPO) has granted the Company’s patent application for the combination of investigational autolytic cancer immunotherapy PV-10 and systemic immunomodulatory therapy, such as immune checkpoint blockade (CB) (Press release, Provectus Biopharmaceuticals, JUN 9, 2020, View Source [SID1234560940]). Pfizer, Inc. is a co-assignee on this award. The Company’s cancer combination therapy patent estate provides intellectual property (IP) protection in a number of countries in Asia, Europe, and North America into the 2030s.

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New IPO patent 337563 is associated with a family of US patents, including 9,107,887, which is entitled "Combination of local and systemic immunomodulative therapies for enhanced treatment of cancer" and was awarded by the United States Patent and Trademark Office (USPTO) in 2015, and 9,808,524, 9,839,688, and 10,471,144, which were awarded by the USPTO from 2017 to 2019.

The new 2020 IPO patent award for cancer combination therapy follows the Company’s IPO patent 297453, which was awarded in 2018 and protects Provectus’ proprietary manufacturing process used to produce the active pharmaceutical ingredient (API) in the Company’s current and prospective investigational drug products. IPO patent 297453 is associated with a family of US composition of matter and process patents, including 8,530,675, which is entitled "Process for the Synthesis of 4,5,6,7-tetrachloro-3′,6′-dihydroxy-2′,4′,5′,7′-tetraiodo-3H-spiro[isobenzofuran-1,9-xanthen]-3-one (Rose Bengal) and Related Xanthenes" and was awarded by the USPTO in 2013, and 9,273,022 and 9,422,260, which were awarded by the USPTO in 2016.

The Company is also pleased to announce that it received application number 20200138942 from the USPTO for a fifth cancer combination therapy patent application filing, which is based on the abovementioned patent family and includes the combination of PV-10 and two systemic immunomodulatory therapies, such as an anti-CTLA-4 agent (e.g., Yervoy) and an anti-PD-1 agent (e.g., Opdivo). The Company is the sole assignee for this new cancer combination therapy patent application.

The triplet immunotherapy combination of PV-10, Yervoy, and Opdivo for the treatment of uveal melanoma metastatic to the liver (mUM) in patients naïve to CB and refractory to single-agent and combination therapy CB was the subject of the Company’s poster presentation at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) 2020 Virtual Scientific Program, held online May 29-31, 2020, entitled "Percutaneous hepatic injection of rose bengal disodium (PV-10) in metastatic uveal melanoma." This study, led by Sapna Patel, MD, Associate Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine of The University of Texas MD Anderson Cancer Center (MDACC), is enrolling patients into a single-center cohort at MDACC of up to 25 mUM patients.

Small molecule-based PV-10 is administered either by cutaneous intratumoral (IT) injection to superficial melanoma and non-melanoma skin cancer tumors (such as basal cell carcinoma, Merkel cell carcinoma, and squamous cell carcinoma) or by percutaneous IT injection to visceral primary and metastatic tumors of the liver (such as hepatocellular carcinoma, metastatic colorectal cancer, metastatic neuroendocrine tumors, and mUM). By targeting tumor cell lysosomes, PV-10 treatment may yield immunogenic cell death in solid tumor cancers that results in tumor-specific reactivity in circulating T cells and a T cell mediated immune response against treatment refractory and immunologically cold tumors.1-3 Adaptive immunity can be enhanced by combining CB with PV-10.4

About PV-10

PV-10 is an investigational new drug undergoing clinical study for adult solid tumor cancers, such as relapsed and refractory cancers metastatic to the liver and metastatic melanoma. PV-10 is also undergoing preclinical study for relapsed and refractory pediatric solid tumor cancers (e.g., neuroblastoma, Ewing sarcoma, rhabdomyosarcoma, and osteosarcoma)5,6 and relapsed and refractory pediatric blood cancers (such as acute lymphocytic leukemia and acute myelocytic leukemia)7,16.

Tumor Cell Lysosomes as the Seminal Drug Target

Lysosomes are the central organelles for intracellular degradation of biological materials, and nearly all types of eukaryotic cells have them. Discovered by Christian de Duve, MD in 1955, lysosomes are linked to several biological processes, including cell death and immune response. In 1959, de Duve described them as ‘suicide bags’ because their rupture causes cell death and tissue autolysis. He was awarded the Nobel Prize in 1974 for discovering and characterizing lysosomes, which are also linked to each of the three primary cell death pathways: apoptosis, autophagy, and necrosis.

Building on the Discovery, Exploration, and Characterization of Lysosomes

Cancer cells, particularly advanced cancer cells, are very dependent on effective lysosomal functioning.8 Cancer progression and metastasis are associated with lysosomal compartment changes9,10, which are closely correlated with (among other things) invasive growth, angiogenesis, and drug resistance11.

PV-10 selectively accumulates in the lysosomes of cancer cells upon contact, disrupting the lysosomes and causing the cells to die. Provectus1,12, external collaborators6, and other researchers14,15,17 have independently shown that PV-10 (RB) triggers each of the three primary cell death pathways: apoptosis, autophagy, and necrosis.

Cancer Cell Autolytic Death via PV-10: PV-10 induced autolytic cell death, or death by self-digestion, in Hepa1-6 murine HCC cells can be viewed in this Provectus video of the event (ethidium homodimer 1 [ED-1] stains DNA, but is excluded from intact nuclei; lysosensor green [LSG] stains intact lysosomes; the video is provided in 30-second frames; the event has a duration of approximately one hour). Exposure to PV-10 triggers the disruption of lysosomes, followed by nucleus failure and autolytic cell death. Identical responses have been shown by the Company in HTB-133 human breast carcinoma (which can be viewed in this Provectus video; this event has a duration of approximately two hours) and H69Ar human multidrug-resistant small cell lung carcinoma. Cancer cell autolytic cell death was reproduced by research collaborators from POETIC using relapsed and refractory human pediatric neuroblastoma cells to show that lysosomes are disrupted upon exposure to PV-10.5

Immune Signaling Pathways: PV-10 causes acute autolytic destruction of injected tumors (i.e., cell death), mediating several identified immune signaling pathways studied to date, such as the release of danger-associated molecular pattern molecules (DAMPs) and tumor antigens that initiate an immunologic cascade where local response by the innate immune system facilitates systemic anti-tumor immunity by the adaptive immune system. The DAMP release-mediated adaptive immune response activates lymphocytes, including CD8+ T cells, CD4+ T cells, and NKT cells, based on clinical and preclinical experience in multiple tumor types. Other mediated immune signaling pathways that have been identified include PARP cleavage5 and, now, stimulator of interferon genes (STING), which plays an important role in innate immunity16. PV-10 is the first cancer drug that may facilitate multiple, complementary, immune system signaling pathways.17

Orphan Drug Designations (ODDs)

ODD status has been granted to PV-10 by the U.S. Food and Drug Administration for the treatments of metastatic melanoma in 2006, hepatocellular carcinoma in 2011, neuroblastoma in 2018, and ocular melanoma (including uveal melanoma) in 2019.

Drug Product

Rose bengal disodium (RB) (4,5,6,7-tetrachloro-2’,4’,5’,7’-tetraiodofluorescein disodium salt) is a small molecule halogenated xanthene and PV-10’s active pharmaceutical ingredient. The Company manufactures RB using a patented process designed to meet strict modern global quality requirements for pharmaceuticals and pharmaceutical ingredients (Good Manufacturing Practice, or GMP). PV-10 drug product is an injectable formulation of 10% w/v GMP RB in 0.9% saline, supplied in single-use glass vials containing 5 mL (to deliver) of solution, and administered without dilution to solid tumors via IT injection.

Intellectual Property (IP)

Provectus’ IP includes a family of US and international (a number of countries in Asia, Europe, and North America) patents that protect the process by which GMP RB and related halogenated xanthenes are produced, avoiding the formation of previously unknown impurities that exist in commercial grade RB in uncontrolled amounts. The requirement to control these impurities is in accordance with International Council on Harmonisation (ICH) guidelines for the manufacturing of an injectable pharmaceutical. US patent numbers are 8,530,675, 9,273,022, and 9,422,260, with expirations ranging from 2030 to 2031.

The Company’s IP also includes a family of US and international (a number of countries in Asia, Europe, and North America) patents that protect the combination of PV-10 and systemic immunomodulatory therapy (e.g., anti-CTLA-4, anti-PD-1, and anti-PD-L1 agents) for the treatment of a range of solid tumor cancers. US patent numbers are 9,107,887, 9,808,524, 9,839,688, and 10,471,144, with expirations ranging from 2032 to 2035; US patent application numbers include 20200138942.

OncoSec Expands KEYNOTE-890 Trial into First-Line Metastatic Triple Negative Breast Cancer (mTNBC) with TAVO™ and KEYTRUDA® Plus Chemotherapy

On June 9, 2020 OncoSec Medical Incorporated (NASDAQ:ONCS) (the "Company" or "OncoSec"), a company developing late-stage intratumoral cancer immunotherapies, reported that, based upon tumor regression and associated clinical responses observed in the heavily pretreated Cohort 1 of the KEYNOTE-890 study, the Company plans to expand into earlier first-line treatment to investigate the combination of OncoSec’s lead product candidate TAVO (plasmid-based interleukin-12 or pIL-12) and Merck’s KEYTRUDA (pembrolizumab) plus chemotherapy in patients with inoperable locally advanced or metastatic triple negative breast cancer (mTNBC) (Press release, OncoSec Medical, JUN 9, 2020, View Source [SID1234560939]). Cohort 2 will be added as a second arm to the ongoing KEYNOTE-890 study.

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Merck’s Phase 3 KEYNOTE-355 trial evaluating KEYTRUDA in combination with chemotherapy in first-line mTNBC recently reported a statistically significant and clinically meaningful improvement in progression free survival (PFS) with the combination of KEYTRUDA plus chemotherapy versus chemotherapy alone for first-line treatment of patients with PD-L1 positive (CPS ≥10) mTNBC. Safety was consistent with known profiles of each regimen. These findings, as well as the strong signal, even in patients with PD-L1 negative tumors, and excellent safety profile observed in KEYNOTE-890 Cohort 1, served as the basis for OncoSec’s decision to move into first-line mTNBC.

Specifically, Cohort 2 of the KEYNOTE-890 study will evaluate the addition of TAVO in combination with KEYTRUDA and chemotherapy in the first-line setting in approximately 40 patients with mTNBC. The primary endpoint will be overall responder rate (ORR) by blinded independent central review (BICR) based on RECIST v1.1. Should positive results from the KEYNOTE 890 Cohort 2 be observed, the Company plans to expand it and utilize the results from the expansion to seek accelerated approval.

In December 2019, OncoSec presented interim data of 28.6% ORR from Cohort 1 at the San Antonio Breast Cancer Symposium. These data included four confirmed partial responses, as assessed by the investigator, in 14 patients who were refractory to chemotherapy and had progressed after an average of three prior lines of therapy. Three of the four responding patients’ lesions were PD-L1 negative by IHC analysis before treatment (the fourth patient was undetermined). Importantly, TAVO and pembrolizumab were well tolerated.

"TAVO and KEYTRUDA have already demonstrated strong clinical data in heavily pretreated metastatic TNBC patients and we, along with our partners at Merck, recognize a compelling opportunity to improve response rates in a much larger overall patient population by moving into first-line metastatic TNBC where there remains a high unmet medical need," said Daniel J. O’Connor, President and Chief Executive Officer at OncoSec. "We are optimistic about the potential for TAVO to improve progression free survival and overall survival for metastatic TNBC patients. We expect to begin enrollment in KEYNOTE-890 Cohort 2 next quarter and, if successful, intend to expand Cohort 2 into a registration directed study."

For more information about the KEYNOTE-890 study, click here.

About Triple Negative Breast Cancer (TNBC)

TNBC is an aggressive type of breast cancer that characteristically has a high recurrence rate within the first five years after diagnosis. While some breast cancers may test positive for estrogen receptor, progesterone receptor, or human epidermal growth factor receptor 2 (HER2), TNBC tests negative for all three. As a result, TNBC does not respond to therapies targeting these markers, making it more difficult to treat. Approximately 10-20% of patients with breast cancer are diagnosed with TNBC.

Press Release Oncology Venture is issuing 751,879 shares under its convertible note agreement with Negma Group LTD and Park Partners GB

On June 9, 2020 Oncology Venture A/S (Nasdaq First North Stockholm: OV.ST) ("OV" or the "Company") reported that it will issue 751,879 shares at a price per share of SEK 1.33 to Negma Group LTD (Press release, Oncology Venture, JUN 9, 2020, View Source,LTD%20and%20Park%20Partners%20GB.&text=Negma%20Group%20Ltd.%20has%20today,of%20nominal%20DKK%200.05%20each. [SID1234560938]).

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The share issue is carried out pursuant to the convertible note agreement with Negma Group LTD and Park Partners GB.

Oncology Venture announced on April 3rd, 2020, that it has called upon the first tranche of convertible notes of SEK 10 million in line with the terms from the financing agreement communicated on March 31st, 2020. Negma Group Ltd. has today requested to convert SEK 1,000,000 of the notes into 751,879 shares of nominal DKK 0.05 each.

The conversion price is fixed at SEK 1.33 per share of nominal DKK 0.05 share and has been calculated as 95% of the lowest VWAP share price of the seven consecutive trading days prior the receipt of the conversion request, excluding trading days on which the closing VWAP is lower than 90 % of the average closing VWAP over the pricing period otherwise calculated.

The registered share capital of Oncology Venture will after the conversion be nominal DKK 8,011,647.85 divided into 160,232,957 shares of nominal DKK 0,05 each.

Veracyte Announces De Novo Classification Request to FDA for the nCounter Dx LymphMark Assay

On June 9, 2020 Veracyte, Inc. (Nasdaq: VCYT) reported its submission of a De Novo classification request to the U.S. Food & Drug Administration (FDA) for the nCounter Dx LymphMark Assay, a novel, genomic lymphoma subtyping test (Press release, Veracyte, JUN 9, 2020, View Source [SID1234560933]). The in vitro diagnostic test is used on the nCounter Flex Analysis System, Veracyte’s diagnostics platform, and is intended to add to Veracyte’s portfolio of tests that address complex clinical problems, helping to inform diagnoses and better treatment decisions.

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Veracyte has proposed the LymphMark test as an aid in disease characterization and prognosis to support disease management for patients newly diagnosed with diffuse large B-cell lymphoma (DLBCL). The LymphMark test utilizes gene-expression profiling of RNA extracted from formalin-fixed paraffin-embedded tissue to classify the "cell of origin" subtype of DLBCL tumors. The World Health Organization recommends gene-expression profiling for patients with DLBCL, given that certain subtypes are associated with poorer clinical outcomes, which may potentially be mitigated by more-specific treatments that are under development.1

"This submission marks an important milestone for Veracyte in our efforts to expand the menu of advanced genomic tests we provide on the nCounter system. Ultimately, our goal is to make our broader menu of tests accessible to patients worldwide through hospitals and laboratories that can perform them locally," said Bonnie Anderson, Veracyte’s chairman and chief executive officer.

Veracyte acquired the LymphMark test in December 2019 as part of its acquisition from NanoString of the exclusive global diagnostic rights to the nCounter system.

"DLBCL is an aggressive form of lymphoma with heterogeneous clinical behavior – outcomes significantly depend upon the distinct molecular subtype of each patient’s tumor," said Dr. David Scott, associate professor in the Department of Medicine at the University of British Columbia and a scientist in the Department of Lymphoid Cancer Research at BC Cancer, a program of the Provincial Health Services Authority. "The ability to determine this information from gene-expression profiling of tissue samples collected routinely in a clinical setting has the potential to transform patient care, making personalized treatment options more accessible."

Non-Hodgkin lymphoma ranks among the top-10 common cancers worldwide, with over 500,000 new cases estimated in 2018.2 DLBCL accounts for approximately 30 percent of lymphomas.3