X4 Pharmaceuticals Reports Second Quarter 2020 Financial Results and Provides Corporate Update

On July 30, 2020 X4 Pharmaceuticals, Inc. (Nasdaq: XFOR), a leader in the discovery and development of novel therapies targeting diseases resulting from dysfunction of the CXCR4 pathway, reported financial results for the second quarter ended June 30, 2020. The company also provided an update on its lead investigational candidate mavorixafor, a novel small molecule in a Phase 3 clinical trial for patients with WHIM (warts, hypogammaglobulinemia, infections, and myelokathexis) syndrome and in two Phase 1b trials in patients with Waldenström’s macroglobulinemia (WM) and Severe Congenital Neutropenia (SCN) (Press release, X4 Pharmaceuticals, JUL 30, 2020, View Source [SID1234562616]).

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"Despite the challenges posed by the ongoing COVID-19 pandemic, we achieved significant progress during the second quarter, benefiting from two key events related to the WHIM syndrome indication for mavorixafor, while continuing to advance our program in the Waldenström’s indication," said Paula Ragan, Ph.D., President and Chief Executive Officer of X4 Pharmaceuticals. "At our Analyst Day in early April, we presented market research data that supported significantly increasing our disease prevalence estimate for WHIM in the U.S., and during our presentation at the European Hematology Association (EHA) (Free EHA Whitepaper) Annual Congress in June, we highlighted Phase 2 mavorixafor data that strengthen our confidence in mavorixafor’s potential to be a disease-modifying therapy in patients with WHIM syndrome and in the Phase 3 trial design."

Dr. Ragan continued, "While our public presentations during the first half of 2020 focused primarily on WHIM syndrome, we expect that the second half of 2020 will see us increase exposure to our program in patients with Waldenström’s macroglobulinemia, a rare form of lymphoma, where we look forward to announcing initial Phase 1b clinical results towards the end of the year." The ongoing Phase 1b clinical trial is expected to enroll between 12 and 18 patients with WM and is a multi-center, open-label, dose-escalation clinical trial assessing the safety and tolerability of mavorixafor in combination with ibrutinib. The trial is being conducted as part of a collaboration with The Leukemia & Lymphoma Society to accelerate the development of mavorixafor for the treatment of WM.

"As we await these important results," Dr. Ragan concluded, "we continue to expect top-line Phase 3 results of mavorixafor in WHIM syndrome in 2022 and initial data from our Phase 1b trial of mavorixafor in patients with SCN in 2021. In light of the continued uncertainties surrounding COVID-19, we intend to provide further clarity around these timelines as soon as is practicable."

Recent Highlights
•Increased Guidance on Prevalence of WHIM at Virtual Analyst Day, based on in-depth, internal market research indicating the range of diagnosed and undiagnosed WHIM patients in the United States to be greater than 3,500, a significant increase from the prior estimate of approximately 1,000 patients diagnosed with WHIM syndrome.
•Presented Positive Data from the Phase 2 Open-Label Extension Study of Mavorixafor in WHIM Syndrome at EHA (Free EHA Whitepaper) 2020, supporting the selection of 400 mg once-daily and time above threshold for absolute neutrophil counts (TATANC) as the dose and primary endpoint in the Phase 3 trial, respectively, and long-term favorable tolerability. At the median follow-up of 16.5 months, data revealed sustained, dose-dependent increases in WBC (white blood cells), ANC (absolute neutrophil count), and ALC (absolute lymphocyte count), with higher doses of mavorixafor shown to increase the TATANC at least 4.5-fold versus lower doses. In patients treated for at least 6 months, mavorixafor also significantly decreased the yearly rate of infections versus the 12 months prior to treatment and effected a 75% reduction in cutaneous warts versus baseline.
•Promoted Renato Skerlj, Ph.D., to the position of Chief Scientific Officer. Dr. Skerlj, one of the scientific founders of X4 and co-inventor of mavorixafor, has more than 25 years of experience leading the discovery and development of disease-modifying small molecule drugs to treat genetically defined rare diseases. In this expanded role, Dr. Skerlj leads all research and non-clinical development functions at X4, overseeing operations at the company’s Vienna, Austria research facility as well as the company’s efforts to advance and expand its pipeline targeting additional rare diseases.

Second Quarter 2020 Financial Results
•Cash, Cash Equivalents & Restricted Cash: X4 had $105.6 million in cash, cash equivalents and restricted cash, as of June 30, 2020. X4 continues to expect that its cash and cash equivalents will fund company operations into early 2022. In addition, X4 continues to have $25 million of potential borrowing capacity under its amended credit agreement with Hercules.
•Research and Development Expenses were $9.3 million for the second quarter ended June 30, 2020, as compared to $8.9 million for the comparable period in 2019.
•General and Administrative Expenses were $5.3 million for the second quarter ended June 30, 2020, as compared to $4.6 million for the comparable period in 2019.
•Net Loss: X4 reported a net loss of $15.1 million for the second quarter ended June 30, 2020 as compared to a net loss of $13.4 million for the comparable period in 2019.

Conference Call and Webcast
The Company will host a conference call and webcast today at 8:30 a.m. ET to discuss these financial results and business highlights. The conference call can be accessed by dialing (866) 721-7655 from the United States or (409) 216-0009 internationally, followed by the conference ID: 6091009. The live webcast can be accessed on the investor relations section of X4 Pharmaceuticals’ website at www.x4pharma.com. Following the completion of the call, a webcast replay of the conference call will be available on the website.

Syndax to Announce Second Quarter 2020 Financial Results and Host Conference Call and Webcast on August 6, 2020

On July 30, 2020 Syndax Pharmaceuticals, Inc. ("Syndax," the "Company" or "we") (Nasdaq:SNDX), a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies, reported that it will release its second quarter 2020 financial results on Thursday, August 6, after the close of the U.S. financial markets (Press release, Syndax, JUL 30, 2020, View Source [SID1234562553]).

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In connection with the earnings release, Syndax’s management team will host a conference call and live audio webcast at 4:30 p.m. ET on Thursday, August 6, to discuss the Company’s financial results and provide a general business update.

The live audio webcast and accompanying slides may be accessed through the Events & Presentations page in the Investors section of the Company’s website at www.syndax.com.
Alternatively, the conference call may be accessed through the following:

Conference ID: 8998873
Domestic Dial-in Number: (855) 251-6663
International Dial-in Number: (281) 542-4259
Live webcast: View Source

For those unable to participate in the conference call or webcast, a replay will be available on the Investors section of the Company’s website, www.syndax.com.

Vertex Reports Second-Quarter 2020 Financial Results

On July 30, 2020 Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) reported consolidated financial results for the second quarter ended June 30, 2020 and revised upward its full-year 2020 financial guidance for total cystic fibrosis (CF) product revenues (Press release, Vertex Pharmaceuticals, JUL 30, 2020, View Source [SID1234562615]).

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"This has been an exceptional first half for Vertex on all fronts and most importantly, in our efforts to bring our CF medicines to more people around the world. We have seen remarkable uptake of TRIKAFTA in the U.S., with the majority of eligible patients now taking this medicine; and in Europe, we secured a positive CHMP opinion earlier than expected and entered into a landmark expansion of our reimbursement agreement with NHS England that will give patients in England access to this medicine rapidly following European Commission approval," said Reshma Kewalramani, M.D., Chief Executive Officer and President of Vertex. "Additionally, despite the challenges of this unprecedented year, we have continued to make steady progress in our research programs and across our clinical development pipeline that will position us for continued growth into the future."

Total product revenues increased 62% compared to the second quarter of 2019, primarily driven by the uptake of TRIKAFTA in the U.S. and the uptake of our medicines outside the U.S. following the completion of key reimbursement agreements in 2019.

GAAP and Non-GAAP net income increased 213% and 110%, respectively, compared to the second quarter of 2019, largely driven by the strong growth in total product revenues.
Cash, cash equivalents and marketable securities as of June 30, 2020 were $5.5 billion, an increase of approximately $1.6 billion compared to $3.8 billion as of December 31, 2019.

Combined GAAP and Non-GAAP R&D and SG&A expenses increased compared to the second quarter of 2019, primarily due to the incremental investment to support the global use of Vertex’s medicines and the expansion of Vertex’s pipeline in CF and other new disease areas.
GAAP income taxes decreased compared to the second quarter of 2019. Non-GAAP income taxes increased compared to the second quarter of 2019 primarily due to Vertex’s increased operating income. Refer to the "Supplemental Income Tax Information" section for discussion of the cash versus non-cash components of Vertex’s provision for income taxes.

Key Business Highlights:

TRIKAFTA/KAFTRIO (elexacaftor, tezacaftor and ivacaftor)
•The majority of the approximately 18,000 eligible patients have initiated treatment with TRIKAFTA.
•In June, the European Medical Agency’s (EMA’s) Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion for KAFTRIO for the treatment of European CF patients ages 12 and older with one F508del mutation and one minimal function mutation or two F508del mutations.
•In June, Vertex also announced the expansion of its reimbursement agreement with the National Health Service (NHS) England to include KAFTRIO, ahead of the medicine’s anticipated approval by the European Commission. If approved, KAFTRIO will be available to people with CF in England ages 12 and older with one F508del mutation and one minimal function mutation or two F508del mutations.
•In July, Vertex announced positive Phase 3 study results for TRIKAFTA in people with CF ages 12 and older who have one copy of the F508del mutation and one gating or residual function mutation. This study was a post-marketing commitment and will be submitted to the U.S. FDA. In addition, the study data will be submitted to the EMA to support future indication expansion of the European Union (EU) label.
•Data from the Phase 3 study evaluating the use of the elexacaftor, tezacaftor and ivacaftor triple combination in children with CF ages 6 through 11 who have two copies of the F508del mutation or who have one F508del mutation and one minimal function mutation is expected in the second

half of 2020. Pending data from the study, Vertex will submit a supplemental New Drug Application (sNDA) to the U.S. FDA in the fourth quarter of 2020 for children ages 6 through 11 with at least one F508del mutation, followed by regulatory submissions in other countries.

SYMDEKO/SYMKEVI (tezacaftor and ivacaftor)
•The EMA review of the application for use of SYMKEVI in patients ages 6 through 11 in Europe is ongoing. If approved, this will be the first CFTR modulator to treat patients ages 6 through 11 with residual function mutations in the EU.

KALYDECO (ivacaftor)
•In June, Vertex announced that the European Commission granted approval of the label extension for KALYDECO for the treatment of children and adolescents ages 6 months and older who have the R117H mutation.

Development Pipeline:
Vertex continues to progress a broad pipeline of potentially transformative small molecule, cell and genetic therapies aimed at serious diseases. Recent and anticipated progress for key pipeline programs is noted below:

Beta Thalassemia and Sickle Cell Disease:
•Vertex and its partner CRISPR Therapeutics provided new clinical data at the European Hematology Association (EHA) (Free EHA Whitepaper) Congress from the two ongoing Phase 1/2 studies of the investigational CRISPR/Cas9 gene-editing therapy CTX001 in patients with transfusion-dependent beta thalassemia (TDT) and in patients with severe sickle cell disease (SCD). Data from two TDT patients demonstrated clinical proof-of-concept for CTX001 in this disease, and longer duration data from one SCD patient showed a durable effect on HbF levels and the patient was free of vaso-occlusive crises. Screening, enrollment and mobilization in these studies is ongoing; conditioning and dosing have been resumed following temporary COVID-19-related pauses in both studies. Vertex and CRISPR Therapeutics expect to report data from additional patients in the second half of 2020.

Alpha-1 Antitrypsin (AAT) Deficiency:
•Vertex is evaluating multiple compounds with the potential to correct the misfolding of Z-AAT protein in the liver, in order to increase the levels of functional AAT in the blood. Misfolded Z-AAT protein is the root cause of AAT deficiency.
•Enrollment and dosing have been re-initiated at some but not all sites following a temporary COVID-19-related pause in a Phase 2 proof-of-concept study designed to evaluate the levels of circulating, functional AAT protein after treatment with VX-814.
•A Phase 2 proof-of-concept study for a second Z-AAT corrector, VX-864, was initiated in July.

APOL1-mediated Kidney Diseases:
•Vertex is evaluating the potential for inhibitors of APOL1 function to reduce proteinuria in people with serious kidney diseases, including focal segmental glomerulosclerosis (FSGS).
•Enrollment is underway at multiple clinical trial sites in a Phase 2 proof-of-concept study designed to evaluate the reduction in proteinuria in people with APOL1-mediated FSGS after treatment with VX-147.

Type 1 Diabetes (T1D):
•Vertex is developing a cell therapy designed to replace insulin-producing islet cells in people with T1D. Two opportunities exist for the transplant of these functional islets into patients: 1) transplantation of islet cells alone, using immunosuppression to protect the implanted cells and 2) implantation of the islet cells inside a novel immunoprotective device.
•Vertex plans to submit an Investigational New Drug (IND) application to the U.S. FDA for the islet cells alone program in late 2020 to support evaluation of this potential therapy in patients with T1D.

FDA Approves Genentech’s Tecentriq plus Cotellic and Zelboraf for People With Advanced Melanoma

On July 30, 2020 Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), reported that the U.S. Food and Drug Administration (FDA) approved Tecentriq (atezolizumab) plus Cotellic (cobimetinib) and Zelboraf (vemurafenib) for the treatment of BRAF V600 mutation-positive advanced melanoma (Press release, Genentech, JUL 30, 2020, View Source [SID1234562613]). The safety profile observed in the Tecentriq combination was consistent with the known safety profiles of the individual medicines.

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"What should patients avoid during treatment with Cotellic?"

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The supplemental Biologics License Application (sBLA) for Tecentriq was granted under Priority Review. The review was also conducted under Project Orbis, an initiative of the FDA Oncology Center of Excellence that provides a framework for concurrent submission and review of oncology products among international partners.

"When receiving a cancer immunotherapy combined with targeted therapies, patients with BRAF V600 mutation-positive advanced melanoma were able to live for more than 15 months without their disease worsening," said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. "Today’s FDA approval of this Tecentriq combination represents an important step forward for many patients living with advanced melanoma."

The approval is based on results from the Phase III IMspire150 study, in which the addition of Tecentriq to Cotellic and Zelboraf helped people live longer without their disease worsening or death (progression-free survival, PFS), compared to placebo plus Cotellic and Zelboraf (median PFS 15.1 months versus 10.6 months respectively; hazard ratio, HR=0.78; confidence interval: 0.63-0.97; P=0.025). The most common adverse reactions (rate ≥20%) in patients who received Tecentriq plus Cotellic and Zelboraf were rash (75%), musculoskeletal pain (62%), fatigue (51%), hepatotoxicity (50%), pyrexia (49%), nausea (30%), pruritus (26%), edema (26%), stomatitis (23%), hypothyroidism (22%), and photosensitivity reaction (21%).

Genentech has an extensive development program for Tecentriq, including multiple ongoing and planned Phase III studies across lung, genitourinary, skin, breast, gastrointestinal, gynecological and head and neck cancers. This includes studies evaluating Tecentriq both alone and in combination with other medicines.

For those who qualify, Genentech will offer patient assistance programs for people prescribed Tecentriq plus Cotellic and Zelboraf by their doctor through Genentech Access Solutions. Please contact Genentech Access Solutions at (866) 422-2377 or visit View Source for more information.

About the IMspire150 study

IMspire150 is a Phase III, multi-center, double-blind, placebo-controlled randomized study in people with previously untreated BRAF V600 mutation-positive metastatic or unresectable locally advanced melanoma. The study compared the efficacy and safety of Tecentriq plus Cotellic and Zelboraf to the combination of placebo plus Cotellic and Zelboraf. The primary endpoint of the study was investigator-assessed PFS. Key secondary endpoints include PFS by an independent review committee, overall survival, objective response rate, duration of response and other safety and pharmacokinetic measures.

About advanced melanoma

Melanoma is less common, but more aggressive and deadlier than other forms of skin cancer. When melanoma is diagnosed early, it is generally a curable disease, but most people with advanced melanoma have a poor prognosis. The American Cancer Society estimates there will be more than 96,000 new cases of melanoma and 7,000 melanoma deaths this year in the United States.

In recent years, there have been significant advances in treatment for advanced melanoma and people with the disease have more options. However, it continues to be a serious health issue with a high medical need and a steadily increasing incidence over the past 30 years.

About Tecentriq (atezolizumab)

Tecentriq is a monoclonal antibody designed to bind with a protein called PD-L1. Tecentriq is designed to bind to PD-L1 expressed on tumor cells and tumor-infiltrating immune cells, blocking its interactions with both PD-1 and B7.1 receptors. By inhibiting PD-L1, Tecentriq may enable the re-activation of T cells. Tecentriq may also affect normal cells.

About Cotellic (cobimetinib)

Cotellic is designed to inhibit MEK1/2, proteins in a cell signaling pathway that helps control cell growth and survival. Cotellic, when used in combination with Zelboraf, is approved in the United States and Europe, as well as many countries around the world, for the treatment of people with melanoma that has spread to other parts of the body or cannot be removed by surgery and has a BRAF V600 mutation. Cotellic was discovered by Exelixis and is being developed by Genentech, a member of the Roche Group, in collaboration with Exelixis.

About Zelboraf (vemurafenib)

Zelboraf is a prescription medicine for the treatment of people with melanoma that has spread to other parts of the body or cannot be removed by surgery and has a BRAF V600 mutation. Zelboraf is designed to inhibit some mutated forms of BRAF, which cause abnormal signaling inside cancer cells leading to tumor growth. BRAF is a protein in a cell signaling pathway that helps control cell growth and survival. Zelboraf was the first approved product in its class. Zelboraf was co-developed under a 2006 license and collaboration agreement between Roche and Plexxikon Inc., the small molecule structure-guided R&D center of the Daiichi Sankyo Group.

Tecentriq U.S. Indications (pronounced ‘tē-SEN-trik’)

Tecentriq is a prescription medicine used to treat adults with:

A type of bladder and urinary tract cancer called urothelial carcinoma.

Tecentriq may be used in patients with urothelial carcinoma if their bladder cancer has spread or cannot be removed by surgery, and if they have any one of the following conditions:

They are not able to take chemotherapy that contains a medicine called cisplatin and their cancer tests positive for "PD-L1" or
They are not able to take chemotherapy that contains any platinum regardless of the levels of "PD-L1" status or
They have tried chemotherapy that contains platinum and it did not work or is no longer working.
The approval of Tecentriq in these patients is based on a study that measured the amount of time until patients’ disease worsened. Continued approval for this use may depend on the results of an ongoing study to confirm benefit.

A type of lung cancer called non-small cell lung cancer (NSCLC).

Tecentriq may be used alone as the first treatment in patients with lung cancer if:

Their cancer has spread or grown and
Their cancer tests positive for "high PD-L1", and
Their tumor does not have an abnormal "EGFR" or "ALK" gene.
Tecentriq may be used with the medicines bevacizumab, paclitaxel, and carboplatin as the first treatment in patients with lung cancer if:

Their cancer has spread or grown, and
Is a type called "non-squamous NSCLC", and
Their tumor does not have an abnormal "EGFR" or "ALK" gene.
Tecentriq may be used with the medicines paclitaxel protein-bound and carboplatin as the first treatment in patients with lung cancer if:

Their cancer has spread or grown, and
Is a type called "non-squamous NSCLC", and
Their tumor does not have an abnormal "EGFR" or "ALK" gene.
Tecentriq may be used alone in patients with lung cancer if:

Their cancer has spread or grown and
They have tried chemotherapy that contains platinum, and it did not work or is no longer working.
If a patient’s tumor has an abnormal EGFR or ALK gene, they should have also tried an FDA-approved therapy for tumors with these abnormal genes, and it did not work or is no longer working.
A type of breast cancer called triple-negative breast cancer (TNBC).

Tecentriq may be used with the medicine paclitaxel protein-bound in patients with TNBC when their breast cancer:

Has spread or cannot be removed by surgery and
Their cancer tests positive for "PD-L1".
The approval of Tecentriq in these patients is based on a study that measured the amount of time until patients’ disease worsened. Continued approval for this use may depend on the results of an ongoing study to confirm benefit.

A type of lung cancer called small cell lung cancer (SCLC).

Tecentriq may be used with the chemotherapy medicines carboplatin and etoposide as the first treatment in patients with SCLC when their lung cancer is a type of lung cancer called "extensive-stage small cell lung cancer," which means that it has spread or grown.
A type of liver cancer called hepatocellular carcinoma (HCC).

Tecentriq may be used with the medicine bevacizumab when a patient’s liver cancer:

Has spread or cannot be removed by surgery, and
The patient has not received other medicines by mouth or injection through their vein (IV) to treat their cancer.
A type of skin cancer called melanoma.

Tecentriq may be used with the medicines cobimetinib and vemurafenib when a patient’s melanoma:

Has spread or cannot be removed by surgery, and
Their cancer has a certain type of abnormal "BRAF" gene. Their healthcare provider will perform a test to make sure this Tecentriq combination is right for them.
It is not known if Tecentriq is safe and effective in children.

Important Safety Information

The most important information about Tecentriq is:

Tecentriq can cause the immune system to attack normal organs and tissues and can affect the way they work. These problems can sometimes become serious or life-threatening and can lead to death.

Patients should call or see their healthcare provider right away if they get any symptoms of the following problems or these symptoms get worse.

Tecentriq can cause serious side effects, including:

Lung problems (pneumonitis)–signs and symptoms of pneumonitis may include new or worsening cough, shortness of breath and chest pain
Liver problems (hepatitis)–signs and symptoms of hepatitis may include yellowing of the skin or the whites of the eyes, severe nausea or vomiting, pain on the right side of the stomach area (abdomen), drowsiness, dark urine (tea-colored), bleeding or bruising more easily than normal and feeling less hungry than usual
Intestinal problems (colitis)–signs and symptoms of colitis may include diarrhea (loose stools) or more bowel movements than usual; blood or mucus in stools or dark, tarry, sticky stools; and severe stomach area (abdomen) pain or tenderness
Hormone gland problems (especially the thyroid, adrenal glands, pancreas, and pituitary)–signs and symptoms that the hormone glands are not working properly may include headaches that will not go away or unusual headaches, extreme tiredness, weight gain or weight loss, dizziness or fainting, feeling more hungry or thirsty than usual, hair loss, changes in mood or behavior (such as decreased sex drive, irritability, or forgetfulness), feeling cold, constipation, the voice gets deeper, urinating more often than usual, nausea or vomiting and stomach area (abdomen) pain
Problems in other organs–signs and symptoms may include severe muscle weakness, numbness or tingling in hands or feet, confusion, blurry vision, double vision, or other vision problems, changes in mood or behavior, extreme sensitivity to light, neck stiffness, eye pain or redness, skin blisters or peeling, chest pain, irregular heartbeat, shortness of breath or swelling of the ankles
Severe infections–signs and symptoms of infection may include fever, cough, flu-like symptoms, pain when urinating and frequent urination or back pain
Severe infusion reactions–signs and symptoms of infusion reactions may include chills or shaking, itching or rash, flushing, shortness of breath or wheezing, swelling of the face or lips, dizziness, fever, feeling like passing out and back or neck pain
Getting medical treatment right away may help keep these problems from becoming more serious. A healthcare provider may treat patients with corticosteroid or hormone replacement medicines. A healthcare provider may delay or completely stop treatment with Tecentriq if patients have severe side effects.

Before receiving Tecentriq, patients should tell their healthcare provider about all of their medical conditions, including if they:

Have immune system problems (such as Crohn’s disease, ulcerative colitis, or lupus); have had an organ transplant; have lung or breathing problems; have liver problems; have a condition that affects the nervous system (such as myasthenia gravis or Guillain-Barre syndrome); or are being treated for an infection
Are pregnant or plan to become pregnant. Tecentriq can harm an unborn baby. Patients should tell their healthcare provider right away if they become pregnant or think they may be pregnant during treatment with Tecentriq.
Females who are able to become pregnant:
Should have a healthcare provider do a pregnancy test before they start treatment with Tecentriq and
Should use an effective method of birth control during their treatment and for at least 5 months after the last dose of Tecentriq
Are breastfeeding or plan to breastfeed. It is not known if Tecentriq passes into breast milk. Patients should not breastfeed during treatment and for at least 5 months after the last dose of Tecentriq.
Patients should tell their healthcare provider about all the medicines they take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.

The most common side effects of Tecentriq when used alone include:

Feeling tired or weak
Nausea
Cough
Shortness of breath
Decreased appetite
The most common side effects of Tecentriq when used in lung cancer with other anti-cancer medicines include:

Feeling tired or weak
Nausea
Hair loss
Constipation
Diarrhea
Decreased appetite
The most common side effects of Tecentriq when used in TNBC with paclitaxel protein-bound include:

Hair loss
Tingling or numbness in hands and feet
Feeling tired
Nausea
Diarrhea
Low red blood cells (anemia)
Constipation
Cough
Headache
Low white blood cells
Vomiting
Decreased appetite
The most common side effects of Tecentriq when used in hepatocellular carcinoma with bevacizumab include:

High blood pressure
Feeling tired or weak
Too much protein in the urine
The most common side effects of Tecentriq when used in melanoma with cobimetinib and vemurafenib include:

Skin rash
Pain in the joint, muscle, or bone
Feeling tired or weak
Liver injury
Fever
Nausea
Itching
Swelling of legs or arms
Swelling of the mouth (sometimes with sores)
Low thyroid hormone levels
Vomiting
Skin sensitivity to sunlight
Tecentriq may cause fertility problems in females, which may affect their ability to have children. Patients should talk to their healthcare provider if they have concerns about fertility.

These are not all the possible side effects of Tecentriq. Patients should ask their healthcare provider or pharmacist for more information. Patients should call their doctor for medical advice about side effects of Tecentriq.

Report side effects to the FDA at (800) FDA-1088 or View Source Report side effects to Genentech at (888) 835-2555.

Please visit View Source for the full Tecentriq Prescribing Information for additional Important Safety Information.

Cotellic U.S. Indication (pronounced ‘co-TELL-ic’)

Important: If a patient’s healthcare provider prescribes Zelboraf (vemurafenib), the patient should also read the Medication Guide that comes with Zelboraf.

Cotellic is a prescription medicine used with the medicine Zelboraf to treat a type of skin cancer called melanoma that has spread to other parts of the body or cannot be removed by surgery and has a certain type of abnormal "BRAF" gene.

A patient’s healthcare provider will perform a test to make sure that Cotellic is right for the patient.

It is not known if Cotellic is safe and effective in children under 18 years of age.

Important Safety Information

Before taking Cotellic, patients should tell their healthcare provider about all of their medical conditions, including if they:

Have skin problems or a history of skin problems other than melanoma
Have bleeding problems, or a higher risk of bleeding because of medical conditions or medications
Have heart problems
Have eye problems
Have liver problems
Have muscle problems
Are pregnant or plan to become pregnant. Cotellic can harm an unborn baby.
Females who are able to become pregnant should:
Use effective birth control during treatment with Cotellic and for two weeks after the final dose of Cotellic
Talk to their healthcare provider about birth control methods that may be right for them.
Tell their healthcare provider right away if they become pregnant or think they are pregnant during treatment with Cotellic.
Are breastfeeding or plan to breastfeed. It is not known if Cotellic passes into breast milk. Patients should not breastfeed during treatment with Cotellic and for two weeks after the final dose of Cotellic. Patients should talk to their healthcare provider about the best way to feed their baby during this time.
Patients should tell their healthcare provider about all the medicines they take, including prescription and over-the-counter medicines, vitamins and herbal supplements. Certain medicines may affect the blood levels of Cotellic. Patients should know the medicines they take and keep a list of them to show their healthcare provider and pharmacist when they get a new medicine.

How to take Cotellic:

Patients should take Cotellic exactly as their healthcare provider tells them.
Patients should not change their dose or stop taking Cotellic unless their healthcare provider tells them to.
Patients should take Cotellic one time a day for 21 days, followed by seven days off treatment, to complete a 28-day treatment cycle.
Patients can take Cotellic with or without food.
If a patient vomits after taking their dose of Cotellic, they should not take an additional dose and should take their next dose as scheduled.
If a patient misses a dose of Cotellic, they should take their next dose as scheduled.
Patients should avoid sunlight while they are taking Cotellic. Cotellic can make a patient’s skin sensitive to sunlight. Patients may burn more easily and get severe sunburns. To help protect against sunburn when they go outside, patients:

Should wear clothes that protect their skin, including their head, face, hands, arms and legs, and
Should use lip balm and a broad-spectrum sunscreen with SPF 30 or higher.
Cotellic can cause serious side effects, including a risk of cancer. Cotellic may cause new skin cancers such as:

Cutaneous squamous cell carcinoma (cuSCC)
Keratoacanthoma
Basal cell carcinoma (BCC)
Patients should check their skin regularly and tell their healthcare provider right away if they have any skin changes, including a:

New wart
Skin sore or reddish bump that bleeds or does not heal
Change in size or color of a mole
When taking Cotellic, a patient’s healthcare provider should check their skin to look for any new skin cancers:

Before they start taking Cotellic and
Every two months during treatment with Cotellic and
May continue to check their skin for six months after the patient stops taking Cotellic.
A patient’s healthcare provider should also check for cancers that may not occur on the skin.

Patients should tell their healthcare provider about any new symptoms that develop during treatment with Cotellic. Cotellic can cause serious side effects, including:

Bleeding problems. Cotellic can cause serious bleeding problems. Patients should call their healthcare provider and get medical attention right away if they get any signs of bleeding, such as:
Red or black stools (looks like tar)
Blood in their urine
Headaches
Cough up or vomit blood
Stomach (abdominal) pain
Unusual vaginal bleeding
Dizziness or weakness
Heart problems. A patient’s healthcare provider should do tests before and during treatment to check the patient’s heart function. Patients should tell their healthcare provider if they get any of these signs and symptoms of heart problems:
Persistent coughing or wheezing
Shortness of breath
Swelling of their ankles and feet
Tiredness
Increased heart rate
Severe rash. Patients should tell their healthcare provider right away if they get any of these symptoms:
A rash that covers a large area of their body
Blisters
Peeling skin
Eye problems. Patients should tell their healthcare provider about eye problems right away, including:
Blurred vision
Partly missing vision or loss of vision
Seeing halos
Any other vision change
A patient’s healthcare provider should check their eyes if the patient notices any of the symptoms.
Liver problems. A patient’s healthcare provider should do blood tests to check the patient’s liver function before and during treatment. Patients should tell their healthcare provider right away if they get any of these symptoms:
Yellowing of their skin or the white of their eyes
Dark or brown (tea color) urine
Nausea or vomiting
Feeling tired or weak
Loss of appetite
Muscle problems (rhabdomyolysis). Cotellic can cause muscle problems that can be severe. Treatment with Cotellic may increase the level of an enzyme in the blood called creatine phosphokinase (CPK). An increased level of CPK in the blood may be a sign of muscle damage. A patient’s healthcare provider should do a blood test to check the patient’s levels of CPK before and during treatment. Patients should tell their healthcare provider right away if they get any of these symptoms:
Muscle aches or pain
Muscle spasms and weakness
Dark, reddish urine
Skin sensitivity to sunlight (photosensitivity). Skin sensitivity to sunlight during treatment with Cotellic is common and can sometimes be severe. Patients should tell their healthcare provider if they get any of these symptoms:
Red, painful, itchy skin that is hot to touch
Sun rash
Skin irritation
Bumps or tiny papules
Thickened, dry, wrinkled skin
See "What should patients avoid during treatment with Cotellic?" for information on protecting the skin during treatment with Cotellic.

The most common side effects of Cotellic include:

Diarrhea
Nausea
Fever
Vomiting
A patient’s healthcare provider will do blood tests during treatment with Cotellic. The most common changes to blood tests include:

Increased blood levels of liver enzymes (GGT, ALT or AST)
Increased blood level of enzyme from muscle (creatine phosphokinase)
Decreased blood levels of phosphate, sodium or potassium
Increased blood levels of liver or bone enzyme (alkaline phosphatase)
Decreased blood level of a type of white blood cell (lymphocyte)
These are not all the possible side effects of Cotellic. Patients should call their doctor for medical advice about side effects.

Report side effects to the FDA at (800) FDA-1088 or View Source Report side effects to Genentech at (888) 835-2555.

Please visit View Source for the Full Cotellic Prescribing Information and Patient Information for additional Important Safety Information.

Zelboraf U.S. Indication (pronounced ‘ZEL-bor-af’)

Zelboraf is a prescription medicine used to treat a type of skin cancer called melanoma that has spread to other parts of the body or cannot be removed by surgery and has a certain type of abnormal "BRAF" gene.

A patient’s healthcare provider will perform a test to make sure that Zelboraf is right for them.
Zelboraf is not used to treat melanoma with a normal BRAF gene.
It is not known if Zelboraf is safe and effective in children under 18 years of age.

Important Safety Information

The most important information about Zelboraf is:

Zelboraf can affect the way normal organs and tissues work. These problems can sometimes become serious.

Patients should call or see their healthcare provider right away if they get any symptoms of the following problems or these symptoms get worse.

Zelboraf can cause serious side effects, including a risk of cancer.

Zelboraf may cause a type of skin cancer called cutaneous squamous cell carcinoma (cuSCC) and keratoacanthoma
New melanoma lesions have occurred in people who take Zelboraf.
Zelboraf may also cause another type of cancer called non-cutaneous squamous cell carcinoma (non-cuSCC).
Patients should talk with their healthcare provider about their risk for these cancers.

Patients should check their skin and tell their healthcare provider right away about any skin changes, including a:

New wart
Skin sore or reddish bump that bleeds or does not heal
Change in size or color of a mole
When taking Zelboraf, a patient’s healthcare provider should check their skin to look for any new skin cancers:

Before they start taking Zelboraf and
Every two months while they are taking Zelboraf and
May continue to check their skin for six months after they stop taking Zelboraf
A patient’s healthcare provider should also check for cancers that may not occur on the skin.

Patients should tell their healthcare provider about any new symptoms that they get while taking Zelboraf.

Before receiving Zelboraf, patients should tell their healthcare provider about all of their medical conditions, including if they:

Have any heart problems, including a condition called long QT syndrome
Have liver or kidney problems
Have had or are planning to receive radiation therapy
Have been told that they have low blood levels of potassium, calcium, or magnesium
Have any other medical conditions
Are pregnant or plan to become pregnant. Zelboraf can harm an unborn baby.
Patients should talk to their healthcare provider about birth control methods that may be right for them.
Patients should tell their healthcare provider right away if they become pregnant or think they may be pregnant during treatment with Zelboraf.
Females who are able to become pregnant:
Should have a healthcare provider do a pregnancy test before they start treatment with Zelboraf and
Should use effective birth control during their treatment and for two weeks after the last dose of Zelboraf
Are breastfeeding or plan to breastfeed. It is not known if Zelboraf passes into breast milk. Patients should not breastfeed during treatment with Zelboraf and for two weeks after the final dose. Patients should talk to their healthcare provider about the best way to feed their baby during this time.
Patients should tell their healthcare provider about all of the medicines they take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. Patients should know the medicines they take. Patients should keep a list of them to show their healthcare provider and pharmacist when they get a new medicine.

Patients should avoid sunlight while they are taking Zelboraf. Zelboraf can make a patient’s skin sensitive to sunlight. Patients may burn more easily and get severe sunburns. To help protect against sunburn when they go outside, patients:

Should wear clothes that protect their skin, including their head, face, hands, arms, and legs and
Should use lip balm and a broad-spectrum sunscreen with SPF 30 or higher
Zelboraf can cause serious side effects, including:

Allergic reactions which can be severe. Patients should stop taking Zelboraf and get medical help right away if they get any of these symptoms of an allergic reaction:
Rash or redness all over their body
Trouble breathing or swallowing
Swelling of the face, lips or tongue
Throat tightness or hoarseness
Feel faint
Fast heartbeat
Skin reactions which can be severe. Patients should stop taking Zelboraf and call their healthcare provider right away if they get a skin rash with any of the following symptoms, because they may have a severe skin reaction:
Blisters on their skin
Blisters or sores in their mouth
Peeling skin
Fever
Redness or swelling of their face, hands, or soles of their feet
Heart rhythm problems (QT prolongation) which can be life-threatening. Changes in the electrical activity of the heart, called QT prolongation, can cause irregular heartbeats. A patient’s healthcare provider should do tests before they start taking Zelboraf and during treatment with Zelboraf to check the electrical activity of their heart. Patients should tell their healthcare provider right away if they get any of these symptoms which may be related to QT prolongation:
Feel faint
Feel lightheaded
Feel dizzy
Feel their heart beating irregularly or fast
Liver injury. A patient’s healthcare provider should do blood tests to check their liver function before they start taking Zelboraf and during treatment. Patients should tell their healthcare provider right away if they get any of these symptoms of a liver problem during treatment:
Yellowing of their skin or the white part of their eyes
Dark or brown (tea color) urine
Nausea or vomiting
Loss of appetite
Pain on the right side of their stomach
Eye problems. Patients should tell their healthcare provider right away if they get any of these symptoms during treatment with Zelboraf:
Eye pain, swelling or redness
Blurred vision or other vision changes
Worsening side effects from radiation treatment. Patients should tell their healthcare provider if they have had or are planning to receive radiation therapy.
Kidney injury. A patient’s healthcare provider should do blood tests to check their kidney function before they start taking Zelboraf and during treatment.
Connective tissue disorders. Patients should tell their healthcare provider if they develop an unusual thickening of the palms of the hands along with tightening of the fingers inward or any unusual thickening of the soles of the feet which may be painful.
The most common side effects of Zelboraf include:

Joint pain
Rash
Hair loss
Tiredness
Sunburn or sun sensitivity
Nausea
Itching
Warts
Patients should tell their healthcare provider if they have any side effect that bothers them or does not go away.

These are not all of the possible side effects of Zelboraf. For more information about side effects, patients should ask their healthcare provider or pharmacist. Patients should call their doctor for medical advice about side effects.

Report side effects to the FDA at (800) FDA-1088 or View Source Report side effects to Genentech at (888) 835-2555.

Please visit View Source for the Full Zelboraf Prescribing Information and Medication Guide for additional Important Safety Information.

About Genentech Access Solutions

Access Solutions is part of Genentech’s commitment to helping people access the Genentech medicines they are prescribed, regardless of their ability to pay. The team of in-house specialists at Access Solutions is dedicated to helping people navigate the access and reimbursement process, and to providing assistance to eligible patients in the United States who are uninsured or cannot afford the out-of-pocket costs for their medicine. To date, the team has helped more than 2 million patients access the medicines they need. Please contact Access Solutions (866) 4ACCESS/(866) 422-2377 or visit View Source for more information.

About Genentech in skin cancer

Genentech has been studying new treatments for skin cancer for more than 20 years. We continue to study our skin cancer medicines in combination with other medicines, including cancer immunotherapies, in several types of cancer.

About Genentech in cancer immunotherapy

Genentech has been developing medicines to redefine treatment in oncology for more than 35 years, and today, realizing the full potential of cancer immunotherapy is a major area of focus. With more than 20 immunotherapy molecules in development, Genentech is investigating the potential benefits of immunotherapy alone, and in combination with various chemotherapies, targeted therapies and other immunotherapies with the goal of providing each person with a treatment tailored to harness their own unique immune system.

In addition to Genentech’s approved PD-L1 checkpoint inhibitor, the company’s broad cancer immunotherapy pipeline includes other checkpoint inhibitors, individualized neoantigen therapies and T cell bispecific antibodies. For more information visit View Source

Seattle Genetics Reports Second Quarter 2020 Financial Results

On July 30, 2020 Seattle Genetics, Inc. (Nasdaq:SGEN) reported financial results for the second quarter and six months ended June 30, 2020. The Company also highlighted ADCETRIS (brentuximab vedotin), PADCEV (enfortumab vedotin-ejfv) and TUKYSA (tucatinib) commercial and development accomplishments, as well as progress with its lead pipeline programs to treat cancer.

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"We generated record product sales of $240.5 million in the second quarter driven by ADCETRIS, PADCEV and now a third commercial product, TUKYSA, following the FDA approval in mid-April for metastatic HER2-positive breast cancer," said Clay Siegall, Ph.D., President and Chief Executive Officer of Seattle Genetics. "We successfully launched TUKYSA in the United States and are building our international capabilities to support global launches. In addition, we reported another quarter of strong PADCEV sales with revenues of $91.6 million in its first two full quarters on the market. Our total revenues are on track to exceed $1 billion in 2020."

PRODUCT SALES SUMMARY

ADCETRIS: Continued growth with net sales in the U.S. and Canada of $167.5 million in the second quarter of 2020, an increase of five percent over the second quarter of 2019.
PADCEV: U.S. net sales in the second quarter were $57.2 million, an increase of 66 percent over the first quarter of 2020.
TUKYSA: Second quarter net sales of $15.8 million following U.S. approval in mid-April.
Dr. Siegall continued, "We also made substantial progress in the second quarter across our pipeline of more than a dozen programs. We reported positive results from the innovaTV 204 trial of tisotumab vedotin in recurrent or metastatic cervical cancer and plan to discuss with the FDA the potential submission of a Biologics License Application to support an accelerated approval. In addition, we advanced two novel drug candidates into phase 1 trials. We plan to host an investor R&D day later in 2020 to highlight the breadth of opportunities across our programs."

COMMERCIAL PRODUCT HIGHLIGHTS

ADCETRIS

Announced Partner’s Ex-U.S. Regulatory Progress: In May 2020, Takeda received approval from the European Commission for ADCETRIS for the treatment of patients with previously untreated systemic anaplastic large cell lymphoma (sALCL) in combination with CHP (cyclophosphamide, doxorubicin, prednisone). Also in May 2020, Takeda received approval from China’s National Medical Products Administration for ADCETRIS for the treatment of relapsed or refractory sALCL and Hodgkin lymphoma. This marks the first approval of ADCETRIS in China.
Expanded Clinical Program: Seattle Genetics recently initiated a phase 3 trial in relapsed and refractory diffuse large B-cell lymphoma and expanded a trial in frontline Hodgkin lymphoma to evaluate stage I and II patients.
PADCEV

Completed Enrollment in Second Cohort of EV-201 Trial: In April 2020, Seattle Genetics and Astellas completed enrollment in the second cohort of the EV-201 trial for patients who previously received a PD-1 or PD-L1 inhibitor, are platinum naive and are not candidates for treatment with cisplatin chemotherapy. Data from the second cohort could potentially serve as the basis for a second PADCEV indication.
PADCEV Added to Merck Trial in Muscle Invasive Bladder Cancer (MIBC): In July 2020, Merck expanded its ongoing phase 3 KEYNOTE 905 trial to include an arm evaluating PADCEV in combination with KEYTRUDA for patients with cisplatin-ineligible MIBC. The expansion is being conducted under a clinical trial collaboration and supply agreement among Seattle Genetics, Astellas and Merck.
TUKYSA

Received FDA Approval: In April 2020, TUKYSA was approved by the FDA in combination with trastuzumab and capecitabine for the treatment of adult patients with advanced unresectable or metastatic HER2-positive breast cancer, including patients with brain metastases, who have received one or more prior anti-HER2-based regimens in the metastatic setting. Approval was granted four months ahead of the PDUFA target action date under the FDA’s Real-Time Oncology Review pilot program.
Received Ex-US Regulatory Approvals: TUKYSA received approval in Canada, Singapore and Switzerland under the Project Orbis initiative of the FDA Oncology Center of Excellence that provides a framework for concurrent submission and review of oncology products among international partners.
Presented and Published HER2CLIMB Analyses in Brain Metastases Patients: Announced positive results from exploratory analyses of the treatment effect of the TUKYSA regimen in metastatic HER2-positive breast cancer patients with brain metastases in the HER2CLIMB trial. Results demonstrated that the addition of TUKYSA to trastuzumab and capecitabine in patients with brain metastases delayed progression in the brain, doubled the intracranial response rate (tumor shrinkage in the brain) and reduced the overall risk of death by nearly half. In the HER2CLIMB trial, the tucatinib regimen was generally well-tolerated with a manageable safety profile. Results were featured in an oral presentation during the virtual scientific program of the 2020 American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting held in June 2020 and simultaneously published in the Journal of Clinical Oncology.
PIPELINE HIGHLIGHTS

Reported Positive Topline Results from Tisotumab Vedotin Pivotal Trial: In June 2020, Seattle Genetics and Genmab announced positive topline results from the phase 2 single-arm clinical trial known as innovaTV 204 evaluating tisotumab vedotin administered every three weeks for the treatment of patients who have relapsed or progressed on or after prior treatment for recurrent or metastatic cervical cancer. Results from the trial showed a 24 percent confirmed objective response rate (ORR) by independent central review with a median duration of response of 8.3 months. The most common treatment-related adverse events (greater than or equal to 20 percent) included alopecia, epistaxis (nose bleeds), nausea, conjunctivitis, fatigue and dry eye. The companies plan to discuss with the FDA a potential Biologics License Application (BLA) submission to support accelerated approval.
Initiated Phase 1 Trials of Two Novel Drug Candidates: In June 2020, the first patient was dosed in a phase 1 trial of SEA-TGT, an anti-TIGIT antibody for patients with solid tumors and lymphomas. SEA-TGT employs the Company’s proprietary Sugar Engineered Antibody (SEA) technology. Seattle Genetics also announced dosing of the first patient in a phase 1 clinical trial evaluating SGN-B6A, an antibody-drug conjugate (ADC) targeting integrin beta-6, which is overexpressed in a variety of solid tumors and has been shown to be a negative prognostic indicator across a diverse range of cancers.
Presented Early Pipeline and ADC Technology: Advancements in the Company’s drug linker and payload components of ADCs as well as preclinical data on multiple investigational drug candidates were presented at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) Virtual Meeting II held in June 2020.
For additional information on Seattle Genetics’ pipeline, visit www.seattlegenetics.com/pipeline.

CORPORATE HIGHLIGHTS

Named Tuomo Pätsi Executive Vice President, Commercial International: In July 2020, Tuomo Pätsi joined Seattle Genetics in the newly created position of Executive Vice President, Commercial Internati

Royalty Revenues: Royalty revenues for the second quarter and year-to-date in 2020 were $31.2 million and $51.6 million, respectively, compared to $23.3 million and $39.0 million for the same periods in 2019. Royalty revenues are primarily driven by sales of ADCETRIS outside the U.S. and Canada by Takeda and, to a lesser extent, sales of Polivy (polatuzumab vedotin-piiq) by Roche.
Collaboration and License Agreement Revenues: Amounts earned under the Company’s ADCETRIS and ADC collaborations were $6.3 million and $21.9 million in the second quarter and year-to-date in 2020, respectively, compared to $36.1 million and $80.7 million for the same periods in 2019. Collaboration revenues for the first half of 2019 included $37.5 million in milestones from Takeda triggered by additional approvals of ADCETRIS in combination with chemotherapy for frontline Hodgkin lymphoma.
Research and Development (R&D) Expenses: R&D expenses for the second quarter and year-to-date in 2020 were $198.1 million and $393.3 million, respectively, compared to $163.9 million and $322.2 million for the same periods in 2019. The increase in 2020 primarily reflected increased investment in the Company’s pipeline.

Selling, General and Administrative (SG&A) Expenses: SG&A expenses for the second quarter and year-to-date in 2020 were $125.6 million and $247.9 million, respectively, compared to $82.3 million and $162.6 million for the same periods in 2019. The increase was primarily attributed to increased field sales personnel for Seattle Genetics’ recently commercialized products, PADCEV and TUKYSA, as well as higher infrastructure costs to support the Company’s continued growth and international expansion.

Cost of Sales: Cost of sales for the second quarter and year-to-date in 2020 were $48.2 million and $77.7 million, respectively, compared to $10.9 million and $21.2 million for the same periods in 2019. The increase in 2020 was primarily due to the gross profit share with Astellas based on PADCEV sales, which were $27.1 million and $43.5 million in the 2020 second quarter and year-to-date, respectively. Cost of sales also increased due to amortization of acquired in-process technology costs that began with the approval of TUKYSA in April 2020, as well as royalties owed for PADCEV and TUKYSA net product sales.

Non-cash, share-based compensation cost for the first six months of 2020 was $68.4 million, compared to $51.9 million for the same period in 2019.

Net Loss: Net loss for the second quarter of 2020 was $21.2 million, or $0.12 per diluted share, compared to net loss of $79.2 million, or $0.49 per diluted share, for the second quarter of 2019. Net loss for the six months ended June 30, 2020 was $189.6 million, or $1.10 per diluted share, compared to net loss of $92.6 million, or $0.57 per diluted share, for the same period in 2019. Net loss in the second quarter and the year-to-date in 2020 included a net investment gain of $72.8 million and $16.7 million, respectively, primarily associated with Seattle Genetics’ common stock holdings in Immunomedics, which was sold in April 2020 for $174.7 million.

Cash and Investments: As of June 30, 2020, Seattle Genetics had $895.7 million in cash and investments.

2020 FINANCIAL OUTLOOK

The Company’s 2020 financial guidance is shown below, including PADCEV net sales guidance.

Non-cash costs include share-based compensation, depreciation and amortization of intangible assets.
Conference Call Details

Seattle Genetics’ management will host a conference call and webcast with supporting slides to discuss its second quarter 2020 and year-to-date financial results and provide an update on business activities. The event will be held today at 1:30 p.m. Pacific Time (PT); 4:30 p.m. Eastern Time (ET). The live event and supporting slides will be simultaneously webcast and available for replay from the Seattle Genetics website at www.seattlegenetics.com, under the Investors section. Investors may also participate in the conference call by calling 866-248-8441 (domestic) or 720-452-9102 (international). The conference ID is 1128188. A webcast replay will be archived on the Company’s website www.seattlegenetics.com, under the Investors section.