Milestones achieved under research collaboration with LamKap Bio

On September 21, 2020 Light Chain Bioscience reported that it has achieved two milestones and received corresponding payments under its research and collaboration agreement with the LamKap Bio Group, Pfäffikon, Switzerland (Press release, Light Chain Bioscience, SEP 21, 2020, View Source [SID1234565460]).

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The collaboration aims at developing bispecific antibodies capable of re-targeting T cells to tumor cells as well as blocking the immune checkpoint CD47 on the same tumors for the treatment of solid cancers. These milestones were achieved upon the successful completion of the discovery phase and designation by LamKap Bio of bispecific antibodies as clinical development candidates with approval to advance to IND-enabling studies and GMP manufacturing with its partner Lonza, Basel, Switzerland.

"It is very satisfying to have reached these first important milestones. This is the result of a truly collaborative effort. The successful identification of therapeutic bispecific antibody candidates harnessing different modes of action to kill tumor cells further validates our κλ body platform" said Nicolas Fischer, Light Chain Bioscience’s Chief Executive Officer. "We believe that the native human structure of these bispecific candidates represents a significant advantage for the treatment of patients."

BioProtect Announces Final Closing of Equity Financing at $25M To Protect Prostate Cancer Patients

On September 21, 2020 BioProtect ltd., a private company with a unique bioabsorbable polymer spacer balloon platform, reported the final closing of $25 million of its Series D equity financing from an unnamed strategic investor and Peregrine Ventures (Press release, BioProtect, SEP 21, 2020, View Source [SID1234565459]).

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These investors are joining the round led by Almeda Ventures and Vincent Tchenguiz, chairman of Consensus Business Group, a prominent private equity investor in Israel and the UK, with the participation of KB Investments of South Korea and Triventures.

Proceeds of the round will finance the ongoing multicenter FDA clinical trial of BioProtect’s lead product, the ProSpace balloon spacer, which protects prostate cancer patients undergoing radiation therapy, as well as the expansion of the technology platform.

Every year, more than 1.1 million men are diagnosed with prostate cancer worldwide and approximately 400,000 will undergo prostate radiotherapy. Historically prostate radiation therapy was limited by concerns over risk of rectal toxicity following radiotherapy.

The ProSpace balloon spacer helps reduction of radiation therapy risks by pushing the prostate away from adjacent organ at risk, the rectum. Once injected the spacer offers physicians a consistent gap of over 1.5cm, which is visible under trans rectal ultrasound as well as CT. The spacer remains stable during radiation therapy and is gradually absorbed after radiation therapy is completed.

BioProtect’s future pipeline represents a $4 billion opportunity, with additional applications for cervical cancer radiation therapy, pancreas radiation and general surgery. The versatility and physician appeal of a bioabsorbable polymer balloon spacer was further validated last year when a BioProtect spinout for musculoskeletal applications, Orthospace, was acquired by Stryker for a reported $220M.

Gil Rosen, CEO of BioProtect, stated on the round, "This financing will allow the company to complete the pivotal study, gain FDA approval, and accelerate development of the next indication to our platform."

Sutro Biopharma Named Best New Drug Developer at the 7th Annual World ADC

On September 21, 2020 Sutro Biopharma, Inc. (NASDAQ: STRO), a clinical-stage drug discovery, development and manufacturing company reported that it has been recognized as Best New Drug Developer at the World ADC Digital Awards, held during the World ADC Digital Event (Press release, Sutro Biopharma, SEP 21, 2020, View Source [SID1234565458]).

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"We are honored to receive the World ADC Best New Drug Developer Award," said Bill Newell, Sutro’s Chief Executive Officer. "The award recognizes our three innovative clinical development candidate ADCs. STRO-001 and STRO-002 are currently in Phase 1 clinical studies and CC-99712 is under investigation in a Phase 1b/2 clinical trial by our partner Bristol Myers Squibb. We are encouraged by our emerging and promising clinical data and the patient benefit that these product candidates may offer."

Our unique, rapid and precise protein engineering technology is focused on the design and manufacture of homogeneous potential best-in-class oncology therapeutics. In addition to the three clinical candidates, two more are projected to enter the clinic in 2021. "The presentation of this award to Sutro is particularly pleasing given that it represents recognition by some of the most talented professionals in the biopharmaceutical industry. It is a tribute to the innovation, commitment and contributions of our talented Sutro team," said Dr. Trevor Hallam, Sutro’s Chief Scientific Officer.

The World ADC Awards showcases companies, teams and individuals in the industry, across 9 categories, at the forefront of cancer research today. Finalists and winners were shortlisted from over 1,000 votes cast and each submission was evaluated by a panel of seven judges.

ESSA Pharma to Participate in Oppenheimer Fall Healthcare Life Science & MedTech Summit

On September 21, 2020 ESSA Pharma Inc. (Nasdaq: EPIX) (TSX-V: EPI; ) ("ESSA" or the "Company"), a clinical-stage pharmaceutical company focused on developing novel therapies for the treatment of prostate cancer reported the Company will be presenting at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 22nd at 11:40am Eastern (Press release, ESSA, SEP 21, 2020, View Source;medtech-summit-301134423.html [SID1234565457])

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Dr. David. R. Parkinson, Chief Executive Officer, will present a corporate overview of the Company’s business. Dr. Parkinson along with ESSA’s Chief Operating Officer, Peter Virsik, and Chief Financial Officer, David S. Wood will be available for one-on-one meetings.

The presentations will be webcast live and can be accessed through the Investor Relations page at www.essapharma.com. A replay of the presentations will be available on the Company’s website for 90 days.

Tuesday September 22, 2020

Presentation Date: Tuesday September 22, 2020
Presentation Time: 8:40am Pacific / 11:40am Eastern

I-Mab Announces China NMPA Clearance for Phase 1 Clinical Trial of Lemzoparlimab in Relapsed or Refractory Advanced Lymphoma

On September 21, 2020 I-Mab (the "Company") (Nasdaq: IMAB), a clinical stage biopharmaceutical company committed to the discovery, development and commercialization of novel biologics, reported that the Center for Drug Evaluation (CDE) of the China National Medical Products Administration (NMPA) has cleared the Investigational New Drug (IND) application for lemzoparlimab (also known as TJC4) to initiate a phase 1 clinical trial in patients with relapsed or refractory advanced lymphoma (CXSL2000206) as part of an ongoing IMCT being conducted also in the U.S. Additionally, a phase 1/2a clinical trial in patients with relapsed or refractory acute myeloid leukemia (r/r AML) in China (CXSL1900039; NCT04202003;) is currently underway with clinical results expected in early 2021 (Press release, I-Mab Biopharma, SEP 21, 2020, View Source [SID1234565456]).

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Lemzoparlimab is a highly differentiated anti-CD47 monoclonal antibody originally discovered and developed by I-Mab. It is designed to minimize inherent binding to normal red blood cells while preserving its strong anti-tumor activity, a critical attribute in potentially differentiating lemzoparlimab from other antibodies of the same class currently in development.

The preliminary results of the recent phase 1 clinical trial in the U.S. have shown differentiation of lemzoparlimab in terms of safety and pharmacokinetics profiles in cancer patients. Lemzoparlimab was well tolerated as a single agent at a dose up to 30 mg/kg/week without introducing any priming dose strategy. In all DLT-evaluable patients, no dose-limiting toxicities or severe hematologic adverse events were observed. Full data will be presented at an appropriate scientific conference later this year. At the same time, combination therapy of lemzoparlimab with pembrolizumab in patients with solid tumors and classical Hodgkin’s lymphoma are also ongoing in the U.S.

"We strongly believe that lemzoparlimab has the potential to make a significant difference in the treatment of multiple cancers, particularly hematologic malignancies in China," said Dr. Joan Shen, CEO of I-Mab. "We look forward to accelerating this program through close collaboration between the U.S. and China teams and delivering a potentially life-changing medicine to patients in need."

Earlier this month, I-Mab entered into a global strategic partnership with AbbVie to develop and commercialize lemzoparlimab. Both companies will collaborate to design and conduct further global clinical trials to evaluate lemzoparlimab in multiple cancers. I-Mab retains all rights to develop and commercialize lemzoparlimab in mainland China, Macau and Hong Kong. The collaboration also allows for potential collaboration on future CD47-related therapeutic agents.

About CD47 and Lemzoparlimab

CD47 is a cell surface protein over-expressed in a wide variety of cancers and can act to protect tumors by delivering a "don’t eat me" signal to otherwise tumor-engulfing macrophages. CD47 antibody blocks this signal and enables macrophages to attack tumor cells, making it a potentially promising cancer drug. However, development of CD47 antibody as a cancer therapy is hampered by its hematologic side effects, such as severe anemia, caused by natural binding of CD47 antibody to red blood cells. In a scientific breakthrough, scientists at I-Mab have discovered a unique CD47 antibody, lemzoparlimab, that works efficiently to target tumor cells while exerting a minimal untoward effect on red blood cells to avoid severe anemia.

Lemzoparlimab’s hematologic safety advantage and superb anti-tumor activities have been demonstrated previously in a series of robust pre-clinical studies. The results of phase 1 clinical trial have provided further clinical validation of this differentiation in patients with cancer. I-Mab continues to advance a combination study of lemzoparlimab with Keytruda for solid tumor and with Rituxan for lymphoma in the U.S., in addition to an on-going clinical trial in patients with AML in China.