BERGENBIO PRESENTING AT VIRTUAL INVESTOR CONFERENCES

On January 12, 2021 BerGenBio ASA (OSE:BGBIO), a clinical-stage biopharmaceutical company developing novel, selective AXL kinase inhibitors for severe unmet medical need, reported that a member of the senior management team is presenting at the following virtual conferences (Press release, BerGenBio, JAN 12, 2021, View Source [SID1234574333]):

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Solebury Trout Management Access Event. 6-15 January 2021

H.C. Wainwright Bioconnect 2021, 11-14 January 2021

SEB Virtual Nordic Healthcare Conference, 18-19 January 2021

Live presentation at 9.40am CET on 18 January

The presentations will be made available at www.bergenbio.com after the events.

PharmaDrug Announces LOI to Acquire Sairiyo Therapeutics Inc.

On Jan 12, 2021 PharmaDrug Inc., a specialty pharmaceutical company focused on the development and commercialization of controlled-substances and natural medicines such as psychedelics, cannabis and naturally-derived approved drugs, is pleased to announce that it has entered into a binding letter of intent (the "LOI"), dated January 11, 2021, to acquire Sairiyo Therapeutics Inc. ("Sairiyo") (the "Acquisition"). (Press release, Pharmadrug, JAN 12, 2021, View Source [SID1234574069]).

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Sairiyo is a biotechnology company focused on repurposing and developing improved formulations of naturally derived compounds for serious, rare, and life-threatening diseases with the aim to obtain European Medicines Evaluation Agency and U.S. Food and Drug Administration ("FDA") approval.

Sairiyo is advancing the clinical development of its lead drug candidate, Cepharanthine, a repurposed and reformulated naturally-derived compound for the potential treatment of cancer, neurological, inflammatory and infectious diseases. Cepharanthine is a natural product and an approved drug used for more than 70 years in Japan to treat a variety of acute and chronic diseases. In clinical research, Cepharanthine exhibits multiple pharmacological properties including anti-oxidative, anti-inflammatory, immuno-regulatory, anti-cancer, anti-viral and anti-parasitic properties.1 Sairiyo has an exclusive license from a research and development organization to develop and commercialize reformulated Cepharanthine for all diseases and exclusive rights to the patent, method of manufacturing, clinical supply, pre-clinical data and know-how to support FDA clinical trials. Sairiyo has applied for FDA orphan drug designation of Cepharanthine in certain cancer indications and is also leveraging its expertise in drug discovery by evaluating novel uses of psychedelic and cannabinoid compounds for unmet medical needs.

"The proposed acquisition of Sairiyo Therapeutics builds on our foundation of developing and commercializing controlled substances and naturally-derived medicines in Europe while expanding our opportunities with an FDA focused strategy and leveraging Sairiyo’s expertise in the discovery and development of novel uses and reformations of naturally-derived compounds for significant clinical unmet needs, thus paving the way for PharmaDrug to become a fully-integrated specialty pharmaceutical company," said Daniel Cohen, Chairman and CEO of PharmaDrug.

Under the terms of the LOI, PharmaDrug proposes to acquire all of the issued and outstanding shares of Sairiyo in consideration for the issuance of an aggregate of 75,000,000 units of PharmaDrug ("Units"). Each Unit will be comprised of one common share of PharmaDrug and one common share purchase warrant (a "Warrant") of PharmaDrug. Each Warrant will entitle the holder thereof to acquire one common share in the capital of PharmaDrug at any time on or before the 18 month anniversary of the issuance of the Warrants at an exercise price of $0.10 per share. Following completion of the transaction Sairiyo will be a wholly-owned subsidiary of the Company.

Completion of the transaction is subject to customary closing conditions, including completion of due diligence, negotiation of definitive agreements and receipt of all necessary approvals. If such conditions are not satisfied it is possible that the proposed transaction will not be completed on the terms set forth herein or at all. The parties anticipate completing the definitive agreements within the next 30 days, and anticipate that the transaction will be completed in the first quarter of 2021.

IntegraGen reports 2020 revenue of €9.0 million, an increase of +10%, and a cash position of €5.0 million as of December 31, 2020

On January 12, 2021 Eligible PEA PME), a company specializing in decryption of the human genome which performs interpretable genomic analyses for academic and private laboratories, reported its unaudited sales revenue for 2020 (Press release, Integragen, JAN 12, 2021, View Source [SID1234574001]). 2020 revenue amounted to €9.0 million, a 10% increase compared to €8.1 million on a likefor-like basis with 2019 results.

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The company experienced sales growth in almost all of the service lines with strong growth particularly associated to the partnership with the Groupement Coopératif de Santé (GCS) SeqOIA. The services provided by the Evry laboratory also improved despite the context of the COVID-19 health crisis which has added complexities to the services provided on the Evry site. Finally, the microbiology sequencing platform operated for the Institut Pasteur, whose contract was renewed at the start of 2020, also experienced sales growth. Revenue associated with the company’s software tools accelerated during the second half of the year achieving 37% growth compared to the prior year with over 1,600 bioinformatic analyses performed during 2020.

The company’s cash position as of 31 December 2020 was €5.0 million compared to €2.8 million1 at the end of 2019. The company benefited from obtaining a French State Guaranteed Loan (PGE) €1.8 million in May 2020 and has generated positive cash flows for the past 3 semesters.

The friendly takeover bid launched by the Belgian company OncoDNA in September 2020 resulted in the takeover by OncoDNA in November 2020 resulting in a capital of IntegraGen increasing XX.X%. OncoDNA is a Belgian company recognized internationally for precision medicine in oncology. OncoDNA has developed offerings for clinicians that help guide the choice of the treatments for patients with advanced cancers. This merger enables the two companies to become a European leader 1 Before taking debt into account Clinical Genomics Experts 2/2 in the field that operates in more than 100 countries directly or through distributors and employees more than one hundred employees exclusively in the service of genomics and its applications.

OUTLOOK 2021: NEW, DYNAMIC COMMERCIAL OFFERINGS RESULTING FROM THE MERGER WITH OncoDNA Several factors will support the company’s continued commercial momentum during 2021. First, the merger with OncoDNA and associated commercial synergies between the two companies will generate sales in new segments and geographic areas. Additionally, multi-year contracts currently in place will produce increases in order intake for the company’s sequencing services business that will provide additional revenue growth.

Bernard Courtieu, CEO of IntegraGen, commented: "2020 has been an exceptional year for IntegraGen in several ways. Our business activities achieved double-digit growth and the company strengthened its cash position despite the considerable impact of theCOVID-19 health crisis. The successful merger with OncoDNA positions the new group as a European leader in the analysis of the human genome. This is not only beneficial for all stakeholders and partners of the company, but first and foremost patients with cancer who will be offered new solutions resulting from our complete offer which combines both laboratory tests and software tools for oncology."

The company’s complete financial results for 2020 will be published on 15 April 2021 prior to the opening of financial markets.

Boehringer Ingelheim and Enara Bio Enter Strategic Collaboration and Licensing Agreement to Discover Novel Shared Antigens for Cancer Immunotherapies

On January 12, 2021 Boehringer Ingelheim and Enara Bio, reported that they have entered into a strategic collaboration and licensing agreement to research and develop novel targeted cancer immunotherapies, leveraging Enara Bio’s Dark Antigen discovery platform (Press release, Boehringer Ingelheim, JAN 12, 2021, View Source [SID1234573995]). This new collaboration combines Boehringer Ingelheim’s approach to tackle cancer through pairing leading science with innovative immune-oncology platforms, such as oncolytic viruses and cancer vaccines, with Enara Bio’s expertise in cancer antigen identification. The aim is to provide potential new therapies for patients with difficult to treat lung and gastrointestinal cancers.

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"We are excited to partner with Enara Bio as part of our mission to bring transformative new treatments to cancer patients," said Jonathon Sedgwick, Ph.D., Senior Vice President and Global Head, Cancer Immunology & Immune Modulation Research, Boehringer Ingelheim. "We are advancing a unique pipeline of cancer cell-directed agents, immuno-oncology therapies and intelligent combination approaches to help combat cancer. Enara Bio’s unique discovery platform offers a novel and highly differentiated approach that will allow us to look beyond the known proteome to identify and characterize Dark Antigens to support the development of T-Cell Receptor (TCR)-directed immunotherapies and therapeutic vaccines. We believe this is a highly innovative and promising approach to the development of the next wave of cancer immunotherapies."

Enara Bio’s proprietary Dark Antigen Platform Technology (EDAPT) will be used to discover and validate novel Dark Antigens in up to three tumor types in the lung and gastrointestinal cancer space. The discovery of shared antigens could lead to the development of vaccines that can be readily utilized to help a broader group of cancer patients.

Dark Antigens represent a new class of cancer-associated antigens that derive from the genomic dark matter, or the portion of the human genome that is normally not expressed as protein. Dark Antigen-encoding sequences are usually silenced in healthy cells but are activated and presented on tumor cells. They are associated with specific cancer types and, importantly, are shared across patients. Since typically not visible to the immune system, they represent a large potential repertoire of novel antigens that can be developed as targets for new immunotherapies.

"We are extremely pleased to enter this strategic licensing agreement, our first major deal leveraging our pioneering Dark Antigen discovery and validation capabilities," said Kevin Pojasek, President and CEO of Enara Bio. "Boehringer Ingelheim is an innovation-led company dedicated to producing breakthrough treatments with a significant focus on cancer. We are excited to build this relationship and are encouraged that Boehringer Ingelheim shares our view of the potential of Dark Antigens to be a source of important and unconventional targets for novel cancer immunotherapies. This agreement provides strong validation for our science and our approach to exploiting the cancer-associated antigenic repertoire derived from genomic dark matter and we look forward to a productive collaboration."

This collaboration with Enara Bio is the latest of several strategic partnerships and acquisitions for Boehringer Ingelheim to build its cancer vaccine platform and provides important validation for Enara Bio’s Dark Antigen platform. The past acquisitions of ViraTherapeutics and AMAL Therapeutics’ vaccine modalities coupled with Enara Bio’s capabilities position Boehringer Ingelheim to develop sophisticated virus and vaccine modalities for its prime/boost vaccine platform.

Under the agreement, Boehringer Ingelheim has the option to license Dark Antigens discovered and validated by Enara Bio. Boehringer Ingelheim will also be responsible for all non-clinical and clinical development, as well as commercialization of associated cancer immunotherapies, including therapeutic vaccines and T-cell redirecting biologics. Enara Bio retains rights to use any discovered antigens for use in cell therapy-based products.

Enara Bio is eligible to receive an upfront payment, together with research/preclinical milestones and licensing fees for each tumor type that is explored. Enara Bio is also eligible to receive more than EUR 876 million in clinical, regulatory and commercial milestones, in addition to royalties on future product sales.

Imago BioSciences to Present at the 39th Annual J.P. Morgan Healthcare Conference

On January 12, 2021 Imago BioSciences, Inc., a clinical-stage biopharmaceutical company developing innovative treatments for myeloproliferative neoplasms, reported that Hugh Young Rienhoff, Jr. M.D., CEO, will present at the 39th Annual J.P. Morgan Healthcare Conference at 4:55 p.m. EST on Thursday, January 14, 2021 (Press release, Imago BioSciences, JAN 12, 2021, View Source [SID1234573950]). An archived replay of the presentation will be available on the company’s website, www.imagobio.com, for 30 days.

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