Silverback Therapeutics Announces Pricing of Initial Public Offering

On December 3, 2020 Silverback Therapeutics, Inc. ("Silverback"), a clinical-stage biopharmaceutical company leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases, reported the pricing of its initial public offering of 11,500,000 shares of its common stock at a price to the public of $21.00 per share (Press release, Silverback Therapeutics, DEC 3, 2020, View Source [SID1234572146]). The gross proceeds to Silverback from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $241.5 million. All of the shares are being offered by Silverback. In addition, Silverback has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of its common stock at the initial public offering price less the underwriting discounts and commissions.

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The shares are expected to begin trading on the Nasdaq Global Market on December 4, 2020, under the ticker symbol "SBTX." The offering is expected to close on December 8, 2020, subject to customary closing conditions.

Goldman Sachs & Co. LLC, SVB Leerink and Stifel are acting as joint book-running managers for the offering. H.C. Wainwright & Co. is acting as the lead manager for the offering.

Registration statements relating to these securities have been filed with the Securities and Exchange Commission (SEC) and became effective on December 3, 2020. Copies of the registration statements can be accessed through the SEC’s website at www.sec.gov. This offering is being made only by means of a written prospectus, forming a part of the effective registration statement. Copies of the final prospectus relating to the initial public offering may be obtained, when available, from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at [email protected]; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at (800) 808-7525, ext. 6132, or by email at [email protected]; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Transgene to Present Phase 1b/2 Trial Results of TG4001 in Combination with avelumab in Advanced HPV-Positive Cancers at ESMO IO 2020

On December 3, 2020 Transgene (Paris:TNG), a biotech company that designs and develops virus-based immunotherapeutics against cancer, will present the Phase 1b/2 trial results of TG4001, a HPV16 targeted therapeutic vaccine, in combination with avelumab (BAVENCIO), a human anti-PD-L1 antibody, in HPV16-positive recurrent and/or metastatic malignancies at ESMO (Free ESMO Whitepaper) Immuno-Oncology Virtual Congress 2020, December 9-12, 2020 (Press release, Transgene, DEC 3, 2020, View Source [SID1234572145]).

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These data will be presented by the principal investigator, Professor Christophe Le Tourneau, M.D., PhD, Head of the Department of Drug Development and Innovation (D3i) at the Institut Curie (Paris) in an oral presentation on December 12, 2020 at 12:40 pm CET.

Professor Christophe Le Tourneau added: "Current treatments for HPV-16 positive cancer patients do not address the viral origin of the disease. These data are a very encouraging first step to hopefully provide patients with better treatment options, particularly for patients with advanced disease who have a devastating disease with poor prognosis."

Number and title of the abstract and mini-oral presentation: (abstract #276, presentation #63 MO) TG4001 therapeutic vaccination combined with PD-L1 blocker avelumab remodels the tumor microenvironment (TME) and drives antitumor responses in Human PapillomaVirus (HPV)+ malignancies

Authors: Christophe Le Tourneau, Philippe Cassier, Frédéric Rolland, Sébastien Salas, Jean-Marc Limacher, Olivier Capitain, Olivier Lantz, Ana Lalanne, Christina Ekwegbara, Annette Tavernaro, Hakim Makhloufi, Kaïdre Bendjama, Jean-Pierre Delord.

Session date and time: Mini Oral Session 2, December 12, 2020, 12:35-1:55 pm CET (Channel 1). The session consists of short oral presentations by authors, followed by expert discussion and perspectives.

Key results of the trial (n=34 evaluable patients):

­ The combination of TG4001 and avelumab demonstrated a clinically relevant anti-tumor activity (23.5% ORR) in patients with previously treated recurrent and/or metastatic HPV-related cancers.
­ The presence of liver metastases has a notable impact on outcome in terms of ORR and PFS. In patients without liver metastases, an ORR of 34.8% and a median PFS of 5.6 months were achieved.
­ The disease control rate (DCR) at 12 weeks was 56.6% in patients without liver metastasis, against 9.1% in patients with liver metastasis.
­ The treatment induced HPV-specific T-cell responses and was associated with increased levels of immune cell infiltration in the tumors and expression of genes associated with activation of the immune system.
­ These results warrant further confirmation in a larger controlled randomized study.

About the trial
The purpose of this exploratory, multi-center, open-label Phase 1b/2 trial is to evaluate the safety and efficacy of the combination of TG4001 and an immune checkpoint inhibitor (avelumab) in a heterogeneous group of patients with aggressive, recurrent and/or metastatic HPV16-positive cancers who have disease progression after at least one line of systemic treatment (NCT03260023).

Prof. Christophe Le Tourneau, M.D., PhD, Head of the Department of Drug Development and Innovation (D3i) at the Curie Institute, and a world expert in drug development and head and neck cancers, is the Principal Investigator of the study. The trial is being conducted in collaboration with Merck KGaA, Darmstadt, Germany, and Pfizer Inc. (NYSE: PFE). Avelumab is co-developed and co-commercialized by Merck KGaA, Darmstadt, Germany and Pfizer Inc.

Thirty-four patients received TG4001 at the dose of 5×107 pfu, SC, weekly for 6 weeks, every 2 weeks up to six months, and every 12 weeks thereafter, in combination with avelumab at 10 mg/kg, IV every two weeks, until disease progression. The primary endpoint of the Phase 2 part is the overall response rate (ORR, using RECIST 1.1). Secondary endpoints include progression-free survival, overall survival, disease control rate and other immunological parameters.

***

About TG4001
TG4001 is an investigational therapeutic vaccine based on a non-propagative, highly attenuated Vaccinia vector (MVA), which is engineered to express HPV16 antigens (E6 & E7) and an adjuvant (IL-2). TG4001 is designed to have a two-pronged antiviral approach: to alert the immune system specifically to cells presenting the HPV16 E6 and E7 antigens, that can be found in HPV16-related tumors, and to further stimulate the infection-clearing activity of the immune system through interleukin 2 (IL-2). TG4001 has been administered to more than 300 individuals, demonstrating good safety, significant HPV clearance rate and promising efficacy results [1, 2]. Its mechanism of action and good safety profile make TG4001 an excellent candidate for combinations with other therapies in HPV-mediated solid tumors.

About HPV-Positive Cancers
HPV-positive cancers comprise a variety of malignancies, including head and neck cancers and anogenital cancers [3]. Squamous cell carcinoma of the head and neck (SCCHN) is a heterogeneous group of cancers that can affect sites including the oral cavity, pharynx, and larynx [4]. The incidence of HPV16-related SCCHN has significantly increased in recent years [4]. HPV16 infection is associated with more than 85% of oropharynx squamous cell carcinomas [4], i.e. approximately 10,000 patients at metastatic stage and receiving a second line of treatment [5]. Other HPV16-positive cancers include cervical [6], vaginal [7], vulvar [8], anal [9] and penile [10] cancers, i.e. approximately 15,000 cancers at metastatic stage and eligible for a second line of treatment [11].

Current treatments include chemoradiotherapy, immune checkpoint inhibitors, or surgical resection with radiotherapy. However, better options are needed for advanced and metastatic HPV+ cancers. It is thought that this immunotherapy combined with other immunotherapeutic agents such as immune checkpoint inhibitors could provide a promising potential treatment option that would address this strong medical need [12,13]. With immune checkpoint inhibitors, median overall survival remains inferior to 11 months [14-20] and median progression-free survival is between 2 and 4 months [14-20]. In this heterogenous group of malignancies, overall response rates are around 10–15% [14-20].

Avelumab Approved Indications
Avelumab (BAVENCIO) is indicated in the US for the maintenance treatment of patients with locally advanced or metastatic urothelial carcinoma (UC) that has not progressed with first-line platinum-containing chemotherapy. BAVENCIO is also indicated for the treatment of patients with locally advanced or metastatic UC who have disease progression during or following platinum-containing chemotherapy, or have disease progression within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy.

Avelumab in combination with axitinib is approved in the US for the first-line treatment of patients with advanced renal cell carcinoma (RCC).

In the US, the FDA granted accelerated approval for BAVENCIO for the treatment of adults and pediatric patients 12 years and older with metastatic Merkel cell carcinoma (MCC). This indication is approved under accelerated approval based on tumor response rate and duration of response. Continued approval may be contingent upon verification and description of clinical benefit in confirmatory trials.

Avelumab Important Safety Information from the US FDA-Approved Label
The warnings and precautions for avelumab (BAVENCIO) include immune-mediated adverse reactions (such as pneumonitis and hepatitis [including fatal cases], colitis, endocrinopathies, nephritis, and other immune-mediated adverse reactions as a single agent or in combination with axitinib [which can be severe and have included fatal cases]), infusion-related reactions, hepatotoxicity in combination with axitinib, major adverse cardiovascular events (MACE) in combination with axitinib [which can be severe and have included fatal cases], and embryo-fetal toxicity.

Common adverse reactions (reported in at least 20% of patients) in patients treated with BAVENCIO monotherapy include fatigue, musculoskeletal pain, diarrhea, nausea, infusion-related reaction peripheral edema, decreased appetite, urinary tract infection and rash. Common adverse reactions (reported in at least 20% of patients) in patients receiving BAVENCIO in combination with axitinib include diarrhea, fatigue, hypertension, musculoskeletal pain, nausea, mucositis, palmar-plantar erythrodysesthesia, dysphonia, decreased appetite, hypothyroidism, rash, hepatotoxicity, cough, dyspnea, abdominal pain and headache. Grade 3-4 hematology laboratory value abnormalities reported in at least 10% of patients with Merkel cell carcinoma treated with BAVENCIO monotherapy include lymphopenia; in patients receiving BAVENCIO in combination with axitinib, grade 3-4 clinical chemistry abnormalities include blood triglyceride increased and lipase increased.

Physicians’ Education Resource® Brings Groundbreaking Insights on the Future of Treatment and Patient Care to the Forefront with CME-Certified Hematology Education

On December 3, 2020 Physicians’ Education Resource, LLC (PER), reported critical insights on practice-changing treatment strategies in hematology care as part of its Friday Satellite Symposia (FSS) at this year’s 62nd American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition on Dec. 4 (Press release, Physicians’ Education Resource, DEC 3, 2020, View Source [SID1234572144]).

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This program series will feature up to 15 continuing medical education (CME)-certified symposia sessions that delve into the evolving future of medicine and patient care-associated various specialties in hematology. The interactive virtual webcasts will explore evidence-based strategies, optimized testing approaches and the latest breakthrough treatment paradigms to improve patient care.

"For years, hematologists have joined PER for high-quality CME during the ASH (Free ASH Whitepaper) Friday Satellite Symposia, said Phil Talamo, president of PER. "This year, PER’s Friday Satellite Symposia will feature a discussion of new data and insights that will provide practical strategies that apply to the care of patients, presented by some of the world’s renowned expert faculty in hematology. We hope you’ll join us for this fully interactive, virtual educational event to get answers to your most challenging questions."

The PER FSS sessions include the following:

"Understanding Cold Agglutinin Disease: How Do Emerging Treatment Options Have the Potential to Transform Patient Outcomes?"
"Taking Action with Minimal Residual Disease: Technique, Role, and Utilization of MRD to Improve Outcomes in Patients with Hematologic Malignancies"
"Individualizing Treatment Plans and Optimizing Outcomes for Patients with MF and PV: Stories Behind The Science"
"The Evolving Role of PI3K Inhibitors for the Management of Hematologic Malignancies: Integration of Recent Data Sets Into Clinical Practice"
"D" is for Diagnosis: Detecting and Treating Rare Disorders in Hematologic Practice"
"Medical Crossfire: Exploring the Modern Management of Acute Lymphoblastic Leukemia from AYA to Adult"
"T-Cell Lymphoma Tumor Board: Application of Novel Agents for the Treatment of PTCL and CTCL"
"New Targets, New Data, New Guidelines: Assessing Treatment Options to Personalize Care in B-Cell Lymphomas"
"Medical Crossfire: Bridging Unmet Needs With Emerging Data in Relapsed/Refractory DLBCL to Improve Patient Outcomes"
"Sickle Cell Disease: Targeting Complications to Improve Long-Term Implications"
"Advances in CAR T-Cell Therapy: What Does the Future Look Like?"
"How to Do It Interactive Workshop: Taking Action With Clinical Advances in Chronic Lymphocytic Leukemia"
"Leveraging Clinical Data and Trials to Inform Treatment for Patients With GvHD: An Expert Case-Based Discussion"
"Improving Outcomes in MDS and MPN: Tailoring Treatment Based on Patient- and Disease-Specific Factors"
"State of the Art Care in Relapsed/Refractory Multiple Myeloma: Novel Targets, Combinations, and Treatment Approaches"
Throughout these programs, the top minds in hematology and hematology/oncology will provide valuable expertise and perspective on a variety of hematology-focused topics. In addition, learners will have the ability to submit questions and participate in expert discussions via PER’s custom, interactive platform, along with VIP-level access to network with key opinion leaders for a more private discussion.

Multiple Myeloma Research Foundation and Dana-Farber Cancer Institute Announce Groundbreaking Collaboration to Advance Progress for Smoldering Multiple Myeloma Patients

On December 3, 2020 The Multiple Myeloma Research Foundation (MMRF) and Dana-Farber Cancer Institute reported a pioneering research collaboration in smoldering myeloma (SMM), a precursor disease to multiple myeloma (Press release, Multiple Myeloma Research Foundation, DEC 3, 2020, View Source [SID1234572143]). Combining the strengths of the MMRF, a leader in multiple myeloma data generation, and Dana-Farber, a leader in SMM research, the initiative aims to revolutionize how SMM patients are treated. The ultimate goal is to identify markers of high-risk SMM and develop new treatment strategies that could delay or prevent progression to active multiple myeloma.

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"Recent research efforts driven by the MMRF and our partners have identified potential genomic and immune markers that may drive myeloma risk and progression," said Daniel Auclair, Ph.D., Chief Scientific Officer of the MMRF. "This collaboration with Dana-Farber will accelerate and enhance our knowledge of risk factors, allowing us to more precisely identify those patients at higher risk of progression to active disease, and laying the groundwork for future transformative, and possibly curative, clinical trials."

Through this MMRF-funded initiative, 500 SMM patients enrolled in Dana-Farber’s PROMISE or PCROWD studies will now have the opportunity to join the MMRF CureCloud study (View Source) and donate their blood samples and medical records. Dana-Farber initiated the PCROWD (View Source) and PROMISE (View Source) studies to actively screen for and study patients with myeloma precursor diseases to help define how disease progression occurs and develop therapies to prevent it. CureCloud is a first-of-its-kind, direct-to-patient research initiative to create a massive hub of genomic and clinical data in myeloma that includes a first-of-its-kind in-home genomic test using a liquid biopsy (blood sample), producing results that are returned directly to patients and their physicians.

Participating patients will have their myeloma DNA sequenced in the CureCloud’s MM-70 genomic sequencing test and share data from their electronic health records (EHR). Dr. Auclair will present the MM-70 liquid biopsy assay at this year’s virtual American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting. These data will be linked with each patient’s whole-genome and whole-exome sequencing data, circulating tumor cell data, and single-cell RNA sequencing data from both tumor and immune cells, forming the most complete picture of SMM ever assembled. All patient data will be de-identified and securely stored in the CureCloud database.

Currently, the rate of progression from SMM to multiple myeloma is 10% per year, but some patients have a higher risk of rapid progression based on risk factors such as the presence of certain genomic abnormalities. While the current standard of care for SMM is to "watch and wait" until patients progress before providing treatment, recent clinical trials show that treating high-risk SMM patients can result in an increased time to progression from SMM to active multiple myeloma, giving patients more time before developing symptoms.

"This revolutionary collaboration with the MMRF will enable us to build the most comprehensive data set for smoldering multiple myeloma," said Irene Ghobrial, MD, Director of the Clinical Investigator Research Program at Dana-Farber and a Principal Investigator of the PROMISE and PCROWD studies. "Additionally, patients who participate will receive their genomic test results, which may be helpful in determining their risk of progression to active myeloma and identifying future clinical trials."

The MMRF has led research efforts to identify genomic and immune markers of high-risk multiple myeloma via their CoMMpass Study, a longitudinal observational study which follows over 1,100 myeloma patients from diagnosis over at least eight years of their disease course, gathering molecular, immune, and clinical data. This study, which is among the largest genomics data sets of any cancer, has led to more than 100 peer-reviewed abstracts and publications. The MMRF and Dana-Farber have led more recent efforts in the area of myeloma prevention in collaboration with the Perelman Family Foundation and several leading myeloma academic centers, resulting in discoveries around genomic markers of risk in precursor conditions such as SMM and MGUS (Monoclonal Gammopathy of Undetermined Significance), as well as potentially even earlier genomic predictors such as CHIP (Clonal Hematopoiesis of Indeterminate Potential).

Independent Discovery Validates Noxopharm’s DARRT Cancer Therapy

On December 3, 2020 Australian clinical-stage drug development company, Noxopharm (ASX: NOX), reported that a discovery by Weill Cornell Medical College in New York, recently published in the prestigious scientific journal, Nature Immunology, significantly validates the novel DARRT anti-cancer treatment of its drug candidate, Veyonda, in producing radiation-induced abscopal responses, regarded by many as the ultimate form of treatment for metastatic cancer (Press release, Noxopharm, DEC 3, 2020, View Source [SID1234572142]).

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An abscopal response ⁠— an extraordinarily rare and elusive phenomenon ⁠— can follow the delivery of a low dose of radiation to a single tumor, triggering an immune response that results in other tumors throughout the body "melting" away in a matter of weeks. Patients who experience a complete abscopal response generally remain in remission for life. The radiation-induced abscopal response is highly prized as being the most cost-effective, least intrusive, and best-tolerated form of immuno-oncology therapy.

The Weill Cornell team identified radiation-induced damage to the cancer cells, and blocking their repair by a process known as autophagy, as fundamental to generating the abscopal response.

The active ingredient in Veyonda, idronoxil, is known to block autophagy.

"For the overwhelming majority of patients, once a cancer spreads from its point of origin and becomes metastatic, the best that current treatments offer is to delay the inevitable," said Graham Kelly, Noxopharm CEO and managing director. "But the clinical data shows that Veyonda very clearly is boosting the chances of triggering an abscopal response. The Weill Cornell discovery, combined with what we learned from the DARRT-1 study about Veyonda dosing, means we go into the upcoming DARRT-2 study with a high degree of confidence that we are on the edge of a major breakthrough in cancer therapy."

Noxopharm will now test the ability of Veyonda to induce abscopal effects in a Phase II study involving about 200 patients. DARRT-2 is a Phase II multinational study, currently being planned for a start in early 2021.