Agios to Present at the Citi 15th Annual BioPharma Virtual Conference on Wednesday, September 9, 2020

On August 27, 2020 Agios Pharmaceuticals, Inc. (NASDAQ:AGIO), a leader in the field of cellular metabolism to treat cancer and rare genetic diseases, reported that the company is scheduled to present at the virtual Citi 15th Annual BioPharma Virtual Conference on Wednesday, September 9, 2020 at 9:50 a.m. ET (Press release, Agios Pharmaceuticals, AUG 27, 2020, View Source [SID1234564089]).

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A live webcast of the presentation can be accessed under "Events & Presentations" in the Investors section of the company’s website at www.agios.com. A replay of the webcast will be archived on the Agios website for at least two weeks following the presentation.

New England Journal of Medicine Publishes Phase 1/2 Data for Retevmo™ (selpercatinib) in Advanced RET-Driven Lung and Thyroid Cancers

On August 27, 2020 Eli Lilly and Company (NYSE: LLY) reported that the New England Journal of Medicine (NEJM) published Phase 1/2 study results of the registrational trial for Retevmo (selpercatinib), the first and only therapy specifically indicated for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positive non-small cell lung cancer (NSCLC), and the treatment of adult and pediatric patients 12 years of age and older with advanced or metastatic RET-mutant medullary thyroid cancer (MTC) who require systemic therapy, or advanced or metastatic RET fusion-positive thyroid cancer who require systemic therapy and who are radioactive iodine-refractory (if radioactive iodine is appropriate) (Press release, Eli Lilly, AUG 27, 2020, View Source [SID1234564088]). Retevmo was approved under the FDA’s Accelerated Approval regulations based on the LIBRETTO-001 Phase 1/2 trial’s endpoints of overall response rate (ORR) and duration of response (DoR). Continued approval for these indications may be contingent upon verification and description of clinical benefit in confirmatory trials. NEJM published separate articles focusing on efficacy and safety data in the RET fusion-positive NSCLC and RET-altered thyroid patient cohorts independently, with data demonstrating durable objective responses across both patient populations.

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"After bringing the first FDA-approved RET inhibitor to patients earlier this year, we are pleased to follow up with detailed safety and efficacy findings from the largest clinical trial in patients with RET-driven cancers," said Anne White, president of Lilly Oncology. "The meaningful outcomes observed reinforce the value of this precision medicine in treating RET-driven NSCLC and thyroid cancer and underscore Lilly’s commitment to helping patients with cancer live healthier lives."

The U.S. Food and Drug Administration (FDA) approval of Retevmo in May 2020 was based on results from LIBRETTO-001. The study enrolled both treatment-naive patients and heavily pretreated patients with a variety of advanced solid tumors including RET fusion-positive NSCLC, RET-mutant MTC, RET fusion-positive thyroid cancer, and certain other advanced solid tumors with RET alterations. The major efficacy outcomes in LIBRETTO-001 were ORR and DoR.

RET Fusion-Positive NSCLC

The publication highlights the first 105 consecutively enrolled RET fusion-positive metastatic NSCLC patients treated with at least prior platinum-based chemotherapy as well as 39 systemic treatment naïve patients. All analyses are presented on an intent-to-treat basis.

RET Fusion-Positive NSCLC

Systemic Treatment Naïve

Prior Platinum-Based Chemotherapy

No. of patients

39

105

ORR (95% CI)1

85 (70, 94)

64 (54, 73)

Median DoR, months (95% CI)

NR (12, NR)

17.5 (12, NR)

NR = Not Reached

"Patients living with RET fusion-driven NSCLC represent an underserved population in need of tailored therapies that work against this targetable alteration," said Alexander Drilon, M.D.2, chief of the Early Drug Development Service at Memorial Sloan Kettering Cancer Center and lead investigator for LIBRETTO-001. "The clinically meaningful responses observed in this study demonstrate that selpercatinib can help fill this need, offering a valuable treatment option to these patients."

Up to 50 percent of patients with RET fusion-positive NSCLCs can have tumors that metastasize to the brain.3 Among previously treated NSCLC patients with measurable brain metastases, 10 out of 11 patients observed intracranial responses (CNS ORR), with all patients experiencing a CNS DoR of greater than or equal to six months.

"Given that patients living with RET fusion-positive NSCLC face a high lifetime risk of disease progression to the brain, intracranial effectiveness is a significant consideration in the treatment journey," added Vivek Subbiah, M.D., associate professor of Investigational Cancer Therapeutics and medical director of the Clinical Center for Targeted Therapy at The University of Texas MD Anderson Cancer Center and co-investigator for LIBRETTO-001. "The fact that selpercatinib demonstrated durable intracranial responses in 10 out of 11 patients suggests this is a meaningful therapeutic option for patients with difficult-to-treat brain metastases."

RET-Altered Thyroid Cancers

The publication highlights 162 patients who were treated across the three RET-altered thyroid cancer efficacy analysis cohorts (the first 55 consecutively enrolled patients with RET-mutant vandetanib and/or cabozantinib-treated MTC, 88 patients with RET-mutant vandetanib and cabozantinib-naïve MTC, and 19 patients with RET fusion-positive previously systemically treated thyroid cancer). All analyses are presented on an intent-to-treat basis.

RET-Mutant MTC

RET Fusion-Positive Thyroid Cancer

Cabozantinib and/or Vandetanib Naïve

Cabozantinib and/or Vandetanib Experienced

Systemic Treatment Experienced

No. of patients

88

55

19

ORR (95% CI)

73 (62, 82)

69 (55, 81)

79 (54, 94)

Median DoR, months (95% CI)

22 (NR, NR)*

NR (19.1, NR)*

18.4 (7.6, NR)

NR = Not Reached

Thyroid cancers include: papillary, Hurthle cell, anaplastic, and poorly differentiated

*Unstable median, based on fewer than 10% of total number of events.

Change in carcinoembryonic antigen (CEA) and calcitonin were prespecified exploratory endpoints and were not error controlled. Biochemical response rate (BRR) is based on the best percent of change in calcitonin and CEA. Among previously treated RET-mutant MTC patients, Retevmo therapy resulted in robust BRR for serum tumor markers calcitonin (91% BRR) and carcinoembryonic antigen (64% BRR).

"Based on the published data, selpercatinib demonstrated strong, durable responses in both the first-line and relapsed settings for RET-mutant MTC, offering encouraging evidence that this treatment may serve as a new standard of care in both settings," said Lori J. Wirth, M.D., medical director of head and neck cancers, Massachusetts General Hospital Cancer Center.

Safety Data

In the 144 Retevmo-treated patients with RET fusion-positive NSCLC, the most common grade ≥3 adverse events were hypertension (14%), increased alanine aminotransferase (13%), increased aspartate aminotransferase (10%), hyponatremia (6%), and lymphopenia (6%). Four patients (3%) discontinued Retevmo due to drug-related adverse events.

Across the 162 Retevmo-treated patients with RET-mutant MTC and RET fusion-positive thyroid cancers, the most common grade ≥3 adverse events were hypertension (21%), increased alanine aminotransferase (11%), increased aspartate aminotransferase (9%), hyponatremia (8%), and diarrhea (6%). Four patients (3%) discontinued Retevmo due to drug-related adverse events.

In the publications, the adverse event profile of Retevmo in the RET fusion-positive NSCLC analyses and in the RET-driven thyroid cancer analyses were each broadly similar to the overall safety profile for all 531 patients dosed with Retevmo in LIBRETTO-001. Across all 531 Retevmo-treated patients, 160 (30%) required dose reduction due to treatment-related adverse events, and 12 (2%) patients discontinued Retevmo due to treatment-related adverse events, the most common of which were alanine amino transferase increase (two patients) and drug hypersensitivity (two patients).

Two randomized Phase 3 trials (LIBRETTO-431 and LIBRETTO-531) are currently enrolling patients.

See Important Safety Information below and full U.S. Prescribing Information for additional information, including dosing modifications.

About Retevmo (selpercatinib)
Retevmo (selpercatinib, formerly known as LOXO-292) (pronounced reh-TEHV-moh) is a selective and potent RET kinase inhibitor. Retevmo may affect both tumor cells and healthy cells, which can result in side effects. RET-driver alterations are predominantly mutually exclusive from other oncogenic drivers. Retevmo is an U.S. FDA-approved oral prescription medicine, 120 mg or 160 mg dependent on weight (-/+ 50 kg), taken twice daily until disease progression or unacceptable toxicity.4

About RET-Driven Cancers
Genomic alterations in the RET kinase, which include fusions and activating point mutations, lead to overactive RET signaling and uncontrolled cell growth. RET fusions have been identified in approximately 2 percent of NSCLC; and 10-20 percent of papillary, Hurthle cell, anaplastic, and poorly differentiated thyroid cancers. Activating RET point mutations account for approximately 60 percent of sporadic MTC and approximately 90 percent of germline MTC. RET fusion-positive cancers and RET-mutant MTC are primarily dependent on this single activated kinase for their proliferation and survival. This dependency, often referred to as "oncogene addiction," renders such tumors highly susceptible to small molecule inhibitors targeting RET.

About LIBRETTO-001
The LIBRETTO-001 Phase 1/2 trial was the largest clinical trial of patients with RET-driven cancers treated with a RET inhibitor. The trial included a dose escalation phase (Phase 1) and a dose expansion phase (Phase 2). The Phase 2 portion of the trial had major efficacy outcomes of ORR and DoR, and prespecified secondary endpoints of CNS ORR and CNS DoR, as determined by an independent review committee according to Response Evaluation Criteria in Solid Tumors (RECIST) v1.1.

Important Safety Information for Retevmo (selpercatinib)

Hepatotoxicity: Serious hepatic adverse reactions occurred in 2.6% of patients treated with Retevmo. Increased AST occurred in 51% of patients, including Grade 3 or 4 events in 8% and increased ALT occurred in 45% of patients, including Grade 3 or 4 events in 9%. The median time to first onset for increased AST was 4.1 weeks (range: 5 days to 2 years) and increased ALT was 4.1 weeks (range: 6 days to 1.5 years). Monitor ALT and AST prior to initiating Retevmo, every 2 weeks during the first 3 months, then monthly thereafter and as clinically indicated. Withhold, reduce dose or permanently discontinue Retevmo based on the severity.

Hypertension occurred in 35% of patients, including Grade 3 hypertension in 17% and Grade 4 in one (0.1%) patient. Overall, 4.6% had their dose interrupted and 1.3% had their dose reduced for hypertension. Treatment-emergent hypertension was most commonly managed with anti-hypertension medications. Do not initiate Retevmo in patients with uncontrolled hypertension. Optimize blood pressure prior to initiating Retevmo. Monitor blood pressure after 1 week, at least monthly thereafter, and as clinically indicated. Initiate or adjust anti-hypertensive therapy as appropriate. Withhold, reduce dose, or permanently discontinue Retevmo based on the severity.

Retevmo can cause concentration-dependent QT interval prolongation. An increase in QTcF interval to >500 ms was measured in 6% of patients and an increase in the QTcF interval of at least 60 ms over baseline was measured in 15% of patients. Retevmo has not been studied in patients with clinically significant active cardiovascular disease or recent myocardial infarction. Monitor patients who are at significant risk of developing QTc prolongation, including patients with known long QT syndromes, clinically significant bradyarrhythmias, and severe or uncontrolled heart failure. Assess QT interval, electrolytes and TSH at baseline and periodically during treatment, adjusting frequency based upon risk factors including diarrhea. Correct hypokalemia, hypomagnesemia and hypocalcemia prior to initiating Retevmo and during treatment. Monitor the QT interval more frequently when Retevmo is concomitantly administered with strong and moderate CYP3A inhibitors or drugs known to prolong QTc interval. Withhold and dose reduce or permanently discontinue Retevmo based on the severity.

Serious, including fatal, hemorrhagic events can occur with Retevmo. Grade ≥ 3 hemorrhagic events occurred in 2.3% of patients treated with Retevmo including 3 (0.4%) patients with fatal hemorrhagic events, including one case each of cerebral hemorrhage, tracheostomy site hemorrhage, and hemoptysis. Permanently discontinue Retevmo in patients with severe or life-threatening hemorrhage.

Hypersensitivity occurred in 4.3% of patients receiving Retevmo, including Grade 3 hypersensitivity in 1.6%. The median time to onset was 1.7 weeks (range 6 days to 1.5 years). Signs and symptoms of hypersensitivity included fever, rash and arthralgias or myalgias with concurrent decreased platelets or transaminitis. If hypersensitivity occurs, withhold Retevmo and begin corticosteroids at a dose of 1 mg/kg. Upon resolution of the event, resume Retevmo at a reduced dose and increase the dose of Retevmo by 1 dose level each week as tolerated until reaching the dose taken prior to onset of hypersensitivity. Continue steroids until patient reaches target dose and then taper. Permanently discontinue Retevmo for recurrent hypersensitivity.

Impaired wound healing can occur in patients who receive drugs that inhibit the vascular endothelial growth factor (VEGF) signaling pathway. Therefore, Retevmo has the potential to adversely affect wound healing. Withhold Retevmo for at least 7 days prior to elective surgery. Do not administer for at least 2 weeks following major surgery and until adequate wound healing. The safety of resumption of Retevmo after resolution of wound healing complications has not been established.

Based on data from animal reproduction studies and its mechanism of action, Retevmo can cause fetal harm when administered to a pregnant woman. Administration of selpercatinib to pregnant rats during organogenesis at maternal exposures that were approximately equal to those observed at the recommended human dose of 160 mg twice daily resulted in embryolethality and malformations. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential and males with female partners of reproductive potential to use effective contraception during treatment with Retevmo and for at least 1 week after the final dose. There are no data on the presence of selpercatinib or its metabolites in human milk or on their effects on the breastfed child or on milk production. Because of the potential for serious adverse reactions in breastfed children, advise women not to breastfeed during treatment with Retevmo and for 1 week after the final dose.

Severe adverse reactions (Grade 3-4) occurring in ≥15% of patients who received Retevmo in LIBRETTO-001, were hypertension (18%), prolonged QT interval (4%), diarrhea (3.4%), dyspnea (2.3%), fatigue (2%), abdominal pain (1.9%), hemorrhage (1.9%), headache (1.4%), rash (0.7%), constipation (0.6%), nausea (0.6%), vomiting (0.3%), and edema (0.3%).

Serious adverse reactions occurred in 33% of patients who received RETEVMO. The most frequently reported serious adverse reaction (in ≥ 2% of patients) was pneumonia.

Fatal adverse reactions occurred in 3% of patients; fatal adverse reactions which occurred in > 1 patient included sepsis (n = 3), cardiac arrest (n = 3) and respiratory failure (n = 3).

Common adverse reactions (all grades) occurring in ≥15% of patients who received Retevmo in LIBRETTO-001, were dry mouth (39%), diarrhea (37%), hypertension (35%), fatigue (35%), edema (33%), rash (27%), constipation (25%), nausea (23%), abdominal pain (23%), headache (23%), cough (18%), prolonged QT interval (17%), dyspnea (16%), vomiting (15%), and hemorrhage (15%).

Laboratory abnormalities (all grades; Grade 3-4) ≥20% worsening from baseline in patients who received Retevmo in LIBRETTO-001, were AST increased (51%; 8%), ALT increased (45%; 9%), increased glucose (44%; 2.2%), decreased leukocytes (43%; 1.6%), decreased albumin (42%; 0.7%), decreased calcium (41%; 3.8%), increased creatinine (37%; 1.0%), increased alkaline phosphatase (36%; 2.3%), decreased platelets (33%; 2.7%), increased total cholesterol (31%; 0.1%), decreased sodium (27%; 7%), decreased magnesium (24%; 0.6%), increased potassium (24%; 1.2%), increased bilirubin (23%; 2.0%), and decreased glucose (22%; 0.7%).

Concomitant use of acid-reducing agents decrease selpercatinib plasma concentrations which may reduce Retevmo anti-tumor activity. Avoid concomitant use of proton-pump inhibitors (PPIs), histamine-2 (H2) receptor antagonists, and locally-acting antacids with Retevmo. If coadministration cannot be avoided, take Retevmo with food (with a PPI) or modify its administration time (with a H2 receptor antagonist or a locally-acting antacid).

Concomitant use of strong and moderate CYP3A inhibitors increase selpercatinib plasma concentrations which may increase the risk of Retevmo adverse reactions including QTc interval prolongation. Avoid concomitant use of strong and moderate CYP3A inhibitors with Retevmo. If concomitant use of a strong or moderate CYP3A inhibitor cannot be avoided, reduce the Retevmo dosage as recommended and monitor the QT interval with ECGs more frequently.

Concomitant use of strong and moderate CYP3A inducers decrease selpercatinib plasma concentrations which may reduce Retevmo anti-tumor activity. Avoid coadministration of Retevmo with strong and moderate CYP3A inducers.

Concomitant use of Retevmo with CYP2C8 and CYP3A substrates increase their plasma concentrations which may increase the risk of adverse reactions related to these substrates. Avoid coadministration of Retevmo with CYP2C8 and CYP3A substrates where minimal concentration changes may lead to increased adverse reactions. If coadministration cannot be avoided, follow recommendations for CYP2C8 and CYP3A substrates provided in their approved product labeling.

The safety and effectiveness of Retevmo have not been established in pediatric patients less than 12 years of age. The safety and effectiveness of Retevmo have been established in pediatric patients aged 12 years and older for medullary thyroid cancer (MTC) who require systemic therapy and for advanced RET fusion-positive thyroid cancer who require systemic therapy and are radioactive iodine-refractory (if radioactive iodine is appropriate). Use of Retevmo for these indications is supported by evidence from adequate and well-controlled studies in adults with additional pharmacokinetic and safety data in pediatric patients aged 12 years and older.

No dosage modification is recommended for patients with mild to moderate renal impairment (creatinine clearance [CLcr] ≥30 mL/Min, estimated by Cockcroft-Gault). A recommended dosage has not been established for patients with severe renal impairment or end-stage renal disease.

Reduce the dose when administering Retevmo to patients with severe hepatic impairment (total bilirubin greater than 3 to 10 times upper limit of normal [ULN] and any AST). No dosage modification is recommended for patients with mild or moderate hepatic impairment. Monitor for Retevmo-related adverse reactions in patients with hepatic impairment.

Vivoryon Therapeutics AG Reports Financial Results for H1 2020 and Provides Corporate Update

On August 27, 2020 Vivoryon Therapeutics AG (Euronext Amsterdam: VVY), reported its financial results for the first six months of 2020 ending June 30 (Press release, Vivoryon Therapeutics, AUG 27, 2020, View Source [SID1234564086]). The full interim report is available on the company website: View Source

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KEY HIGHLIGHTS
Vivoryon Therapeutics and Nordic Bioscience enter research and development collaboration
Initiation of development program for Meprin protease inhibitors with potential therapeutic use in fibrosis, cancer and Alzheimer’s disease
Announcement of outcome on exclusive option deal with MorphoSys
Update on U.S. and EU Alzheimer’s clinical trial program with varoglutamstat (PQ912)

POST PERIOD HIGHLIGHTS
Vivoryon Therapeutics enrolled first patient in VIVIAD, European Phase 2b Alzheimer’s disease study with varoglutamstat (PQ912)
Vivoryon Therapeutics announced IND approval for varoglutamstat (PQ912)

Comment from Dr. Ulrich Dauer, Chief Executive Officer of Vivoryon Therapeutics:

"Notwithstanding the global crisis, the first six months of 2020 have yielded positive outcomes for Vivoryon that have resulted in the advancement of our clinical programs, the expansion of our drug development portfolio and the continued validation from regulatory bodies including the U.S. Food and Drug Administration (FDA) and World Health Organization.

In January, we entered a research and development collaboration with Nordic Bioscience, which will serve as our CRO (Clinical Research Organization) for the Phase 2b VIVIAD trial. We look forward to benefitting from Nordic Bioscience’s expertise in the development of blood-based biomarkers for the identification of specific patients that may benefit most from treatment with varoglutamstat (PQ912). The ability to select patients who have a greater chance of responding to varoglutamstat (PQ912) presents an opportunity for Vivoryon to transfer an already tested principle of precision medicine into Alzheimer’s disease.

Along with the update on our European Phase 2b clinical study in March, we announced the clinical trial’s name, ‘VIVIAD,’ derived from ‘advancing disease-modifying treatment and non-invasive diagnostics of Alzheimer’s disease.’ The study will test the efficacy and safety of various doses of varoglutamstat (PQ912) in 250 early-stage Alzheimer’s patients in a randomized, placebo-controlled study over the course of 48 to 96 weeks. Professor Dr. Scheltens, Director of the Alzheimer Center at the VU University Medical Center in Amsterdam, will act as the coordinating investigator of the study, which intends to use ten recruiting sites in Denmark, Germany and the Netherlands.

Our lead candidate, formerly known as PQ912, also received external recognition from the World Health Organization through its newly appointed and approved International Nonproprietary Name (INN), varoglutamstat (PQ912); we look forward to its development under this new name.

From a research and development perspective, during the first half of the year we extended our portfolio by acquiring patents from the Fraunhofer Institute for Cell Therapy and Immunology (IZI) for the further development of Meprin protease inhibitors which have the potential to not only target symptoms, but also treat a range of indications including acute and chronic kidney disease and multiple organ fibrosis. Together with the Fraunhofer Institute, we will collaborate to develop novel low-molecular Meprin inhibitors. As a company, it is our goal to identify opportunities that can leverage our expertise in translating basic research into marketable small molecule therapeutics and thereby strengthen our pipeline with the ultimate vision of delivering novel therapies to patients in need. On a similar note, although MorphoSys did not exercise the exclusive option to license our small molecule QPCTL inhibitors, we remain optimistic about collaborating with other leading oncology companies in order to leverage the strength and versatility of our small molecule therapeutics.

The second half of the year was marked with further positive developments for Vivoryon. In July, we announced the enrollment of the first patient in VIVIAD, the European Phase 2b Alzheimer’s disease study with varoglutamstat (PQ912). The data read-out of the VIVIAD study is expected to be available in 2023. Later in the month, the FDA cleared Vivoryon’s Investigational New Drug (IND) application for varoglutamstat (PQ912), which will enable the initiation of our U.S. Phase 2 clinical trial. The U.S. trial is projected to initiate mid-2021 with a final data readout in 2023.

Despite the past months being marked by the Covid-19 pandemic and strict lockdown regulations, we are proud to have kept our entire workforce employed during this crisis. In order to provide a safe working environment, we provided flexible solutions to employees including working from home and in-office shifts. Business travel, which usually serves as an opportunity to network with potential investors and/or partners, was largely replaced by integrating a video conference system. Although we cannot predict how the second half of the year will progress from a global standpoint, as a company we are well-positioned to continue moving the Alzheimer’s clinical trials forward while exploring the potential of our unique proprietary position in cancer and fibrosis and identifying additional opportunities within our small molecule therapeutics pipeline. I would therefore like to extend a big thank you to all employees for their continued dedication and commitment as well as our shareholders who continue to support Vivoryon during these unprecedented circumstances."

Details of the Financial Results (according to IFRS)

Net loss

The operating loss for first half of 2020 was increased by EUR 4,403k to EUR 7,480k (H1 2019: EUR 3,077k). This was mainly driven by higher research and development expenses of EUR 6,380k (H1 2019: EUR 1,862k). The general and administrative decreased slightly to EUR 1.138k (H1 2019: EUR 1,223k).

Consequently, net loss was increased to EUR 7,572k (H1 2019: EUR 3,091k).

Cash/Securities

Vivoryon Therapeutics held EUR 3,623k in cash and cash equivalents as of June 30, 2020 (Dec 31, 2019: EUR 41,524k).

The cash flows used in investing activities amount to EUR 31,501k mainly resulted from the purchase of other securities (EUR 19,999k) which can be liquidated at any time and from time deposits (EUR 10,929k) with a runtime of 6 months.

All results are in line with management expectations.

CONFERENCE CALL
Vivoryon Therapeutics will host a conference call and webcast open to the public today, August 27, 2020, at 3:00 pm CEST / 09:00 am EDT; the presentation will also be available on the company website. The conference will be held in English. A question and answer session will follow the presentation of the half year results.

To participate in the conference call, please call one of the following numbers ten minutes prior to commencement.

A live webcast and slides will be made available at: www.vivoryon.com/investors-news/financial-information/

Approximately one day after the call, a slide-synchronized audio replay of the conference will be available on: www.vivoryon.com/investors-news/financial-information/

FINANCIAL STATEMENTS
January to June 2020

Vivoryon Therapeutics has finalized its financial statements for the first six months of 2020 according to German GAAP ("HGB") and IFRS. The reports are available on the company website (View Source/).

Financial calendar 2020

September 30, 2020 Ordinary General Shareholder Meeting

November 26, 2020 Interim Management Statement Q3 2020

Luminary Therapeutics and Case Western Reserve University enter formal collaboration for development of BAFF CAR

On August 27, 2020 Luminary Therapeutics (Luminary Tx) and Case Western Reserve University reported that have entered into a formal collaboration agreement that includes an option for Luminary to exclusively license a novel BAFF target for use in CAR-T (chimeric antigen receptor T cells) constructs (Press release, Case Western Reserve University, AUG 27, 2020, View Source [SID1234564083]).

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The BAFF target was discovered by Reshmi Parameswaran, an assistant professor at Case Western Reserve School of Medicine and a faculty member in the Division of Hematology and Oncology, Department of Medicine, and the Seidman Cancer Center at University Hospitals (UH) in Cleveland.

Luminary intends to conduct IND-enabling non-clinical studies to support two clinical trials with its novel and proprietary non-viral autologous BAFF CAR-T (LMY-920) to treat Mantle Cell Lymphoma and Sjogren’s Syndrome. This BAFF target is unique in that it binds to three distinct receptors (BAFF, BCMA, and TACI). Additionally, this BAFF target avoids early B-Cells while targeting more mature B-Cells that express one of three antigens.

"Our rationale for choosing to collaborate with Luminary Tx is due to their non-viral approach for clinical development with our BAFF target," said Michael Haag, Case Western Reserve’s executive director of Technology Management. "We believe that Luminary’s experience and flexibility can move this asset into the clinic faster than other therapeutic companies."

Luminary has an aggressive clinical development plan to initiate two Phase I clinical trials. Jeff Liter, Luminary Tx’s CEO, noted that, "Our development plan focuses on non-viral CAR-T platforms that can speed our time to the clinic well ahead of other virus-based approaches."

In addition to scientific expertise and intellectual property, Luminary is excited to work with CWRU and UH because of the expertise and infrastructure available in the Cellular Therapy Laboratory, an on-site state-of-the-art GMP cell manufacturing facility capable of generating CAR-T cells in an expedited fashion and at reduced cost. UH is also a home to several cell therapy clinical trials led by experienced oncologists at the UH Seidman Cancer Center, part of the NCI-designated Case Comprehensive Cancer Center and the region’s only freestanding cancer hospital.

Nordic Nanovector ASA: Results for the Second Quarter and First Half 2020

On August 27, 2020 Nordic Nanovector ASA (OSE: NANO) reported its results for the second quarter and first half 2020 (Press release, Nordic Nanovector, AUG 27, 2020, View Source [SID1234564068]). A presentation by Nordic Nanovector’s management team will take place today in Oslo at 08.30 CET, see details below. A link to the webcast and the presentation is available from the company’s homepage (www.nordicnanovector.com) .

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Lars Nieba, interim CEO of Nordic Nanovector, said: "The management team together with the board have taken a range of actions during the last several months to increase focus, improve patient recruitment while at the same time conserve cash. These initiatives along with the positive PARADIGME interim analysis and on-going protocol amendments have put Nordic Nanovector in a significant improved position to deliver the three-month top line data from PARADIGME in H2’2021. "

Q2 and H1 2020 Highlights

Strategic review completed: clinical development strategy revised, and cost-saving initiatives implemented
Pivotal Phase 2b PARADIGME trial of Betalutin progressing in 3rd-line follicular lymphoma (3L FL)
COVID-19 continued to have a negative impact on PARADIGME patient recruitment during Q3
56 patients enrolled as of August 26th, 2020
Protocol amendments are being made to PARADIGME to enlarge the eligible patient population and increase the rate of enrolment into the study
Dr Lars Nieba appointed as interim Chief Executive Officer and Malene Brondberg as Chief Financial Officer
Planned restructuring completed
Corporate and personnel reorganisation implemented, headcount reduced by approximately 20%
Cost savings of approximately NOK 35 million per annum are expected from the restructuring
Betalutin granted Fast Track designation in the US and Orphan Drug Designation in the European Union for Marginal Zone Lymphoma (MZL)
Events after Q1 2020

Result of PARADIGME Interim Analysis: recommendation to focus on single arm investigating the "40/15" dosing regimen
Comprehensive review of data by Independent Review Committee
Both dosing regimens were well-tolerated and associated to a manageable safety profile
Both arms were active based on efficacy measures of Complete Response, Partial Response and Stable Disease
"40/15" arm demonstrated consistency across all sub-groups
"100/20" arm to be discontinued – dosed patients to be monitored for the remainder of the trial
Maintain target to recruit 130 patients
Although we see improvements in certain geographies, the negative impact due to COVID-19 continues to impact PARADIGME patient recruitment during Q3. The target patient population is a high-risk group for COVID-19
Target set to announce PARADIGME three-month top-line data in H2’2021
Dr Christine Wilkinson Blanc appointed Chief Medical Officer
Financial Highlights

(Figures in brackets = same period 2019 unless otherwise stated)

Revenues for the second quarter amounted to NOK 0.0 million (NOK 0.0 million)
Total operating expenses for the second quarter were NOK 113.4 million (NOK 111.0 million)
Comprehensive loss for the second quarter amounted to NOK 125.6 million (loss of NOK 110.4 million)
Revenues for the first half of 2020 amounted to NOK 0.0 million (NOK 0.0 million)
Total operating expenses for the first half of 2020 increased to NOK 239.3 million (NOK 200.9 million)
Comprehensive loss for the first half was NOK 217.2 (NOK 202.0 million)
Cash and cash equivalents amounted to NOK 246.2 million at the end of June 2020, compared to NOK 470.8 million at the end of December 2019
Outlook

The company is targeting the readout of three-month top line data from PARADIGME in H2’2021. This timeline assumes the efficient implementation of the protocol amendments and other initiatives to increase the rate of enrolment and the impact of the COVID pan-epidemic on patient recruitment to slowly subside over the next few months.

The steps the company has taken to conserve cash, including reducing headcount and pausing certain clinical trials, will extend the cash runway into 2021. The company expects to see the impact of these cost-saving initiatives emerge over the remainder of 2020.

Following a broad range of actions carried out by the management team during the course of 2020, the company now believes it is in a much-improved position to deliver the pivotal results from PARADIGME in a timely manner. This would be a key milestone for Nordic Nanovector as the company seeks to bring this exciting new targeted NHL treatment to patients and maximise the value of Betalutin.

Presentation and webcast – Q2 and H1 2020 results

A presentation by Nordic Nanovector’s management team will take place today at 8:30 am CET at Thon Hotel Vika Atrium, Munkedamsveien 45, 0250 Oslo, Meeting Room: Vika Atrium

The presentation will be recorded as a webcast and will be available at www.nordicnanovector.com in the section: Investors & Media

The results report and the presentation is available at www.nordicnanovector.com in the section: Investors & Media/Reports and Presentation/Interim Reports/2020.