Biotheus Announces the Closing of a New Round of Financing co-led by General Atlantic and IDG Capital

On March 2, 2021 Biotheus reported the successful completion of a fourth round of financing, co-led by General Atlantic, a leading global growth equity investor, and IDG Capital, a global leading investment firm (Press release, Biotheus, MAR 2, 2021, View Source [SID1234575973]). Other new investors include Kunlun Capital, CPE, and Cowin Capital, with participation by previous investors Highlight Capital, Shiyu Capital, New Alliance Capital, Huajin Investment, and others.

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Founded in 2018, Biotheus is a clinical development stage company with the mission of treating cancer and autoimmune diseases through next-generation therapeutics. This is supported by the company’s product pipeline, which consists of over 10 novel monoclonal and multispecific antibodies. Biotheus currently has two bispecific antibodies in phase I clinical development for cancer treatment, and a third IND application was submitted at the end of 2020. With this new investment, Biotheus will further increase its investment into its research activities with the aim to have five novel drugs into clinical development by the end of 2021, and drive multiple programs into late-stage clinical development.

Regarding this round of financing, Mr. Xiaolin Liu, President and CEO of Biotheus, remarked: "we are pleased that our efforts have been recognized and supported by leading investors like General Atlantic and IDG Capital. The continued support from our previous investors is also testament to our company’s progress, execution and the strength of our pipeline. This round of financing will fund the development of our existing product pipeline and the construction of our manufacturing facility. With the strong support of all our investors, we will fully drive the development of our product pipeline, strengthen our position in the global market for cancer immunotherapy, and bring much-needed innovative treatments and options to a larger population of cancer patients."

Mr. Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, added: "In a short period of time, Biotheus has developed a differentiated and competitive pipeline of next-generation therapies, underpinned by an efficient R&D engine and a premier founding team with a successful track record of antibody development. Taken together, we believe that Biotheus is strongly positioned as an emerging player in the global biopharmaceutical landscape. We look forward to supporting Biotheus and its leadership team to accelerate the development of their deep product pipeline and advance innovative, life-saving cancer treatments to the commercial stage."

"Led by Mr. Xiaolin Liu, the core team of Biotheus has extensive experience in the development of novel antibody drugs," said Mr. Tao Huang, Vice President of IDG Capital. "Biotheus has built multiple platforms critical for drug development and a product pipeline with a strong competitive advantage. The construction of their manufacturing base has also begun. We believe Biotheus has significant growth potential."

Puma Biotechnology to Present at the H.C. Wainwright Global Life Sciences Conference

On March 2, 2021 Puma Biotechnology, Inc. (NASDAQ: PBYI), a biopharmaceutical company, reported that Alan H. Auerbach, Chairman, Chief Executive Officer, President and Founder of Puma, will provide an overview of the Company at the H.C. Wainwright Global Life Sciences Conference, which will be held virtually on March 9-10, 2021 (Press release, Puma Biotechnology, MAR 2, 2021, View Source [SID1234575972]). The presentation will be available on demand beginning at 7:00 a.m. EST on March 9, 2021.

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The virtual presentation will be available for 30 days on the Company’s website at www.pumabiotechnology.com.

Epizyme Outlines Clinical Progress, TAZVERIK Development Strategy and Pipeline Priorities During Company’s Strategic Vision Call

On March 2, 2021 Epizyme, Inc. (Nasdaq: EPZM), a fully integrated, commercial-stage biopharmaceutical company developing and delivering novel epigenetic therapies, reported outlining the Company’s strategic vision and focus on oncology treatment with the Company’s epigenetic pipeline (Press release, Epizyme, MAR 2, 2021, View Source [SID1234575971]). A link to the presentation and slideshow can be found here.

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"The recent accelerated approvals of TAZVERIK in Epithelioid Sarcoma and Relapsed / Refractory Follicular Lymphoma are, of course, the critical foundation on which we will continue to expand Epizyme’s mission of rewriting treatments for cancer through novel epigenetic medicines," said Robert Bazemore, President and Chief Executive Officer of Epizyme. "We believe TAZVERIK has the potential to become a backbone of treatment across lines of ES and FL therapy. Beyond that, we are focused on developing the pipeline-in-a-drug potential we see in TAZVERIK, while expanding our portfolio and bringing novel oncology therapeutics into clinical development. We aspire to change the standard of care for patients and physicians by developing targeted medicines with fundamentally new mechanisms of action directed at specific causes of cancers."

"I am really excited about Epizyme’s comprehensive and innovative clinical development plan both for tazemetostat and our pipeline, for which we anticipate a steady stream of data," said Dr. Shefali Agarwal, Epizyme’s, EVP, Chief Medical and Development Officer. "Our aim is to demonstrate the benefits of tazemetostat to patients in earlier lines of treatment for ES and FL by exploring various combinations with standard of care therapies. We also plan to further explore tazemetostat as both monotherapy and in combinations across multiple new hematologic and solid tumor cancers. Our experience and platform have led to an incredibly rich pipeline of both clinical and discovery programs targeting several classes of epigenetic modulators and we expect that many these programs will be entering clinical trials in the next several years."

Highlights from the Next EPIsode call included:

Preliminary Data from Confirmatory Phase 1b/3 Study EZH-302 in Follicular Lymphoma

The combination of TAZVERIK + R2 (Lenalidomide and Rituximab) is being evaluated in the Phase 1b safety run-in portion of the EZH-302 trial, which enrolled a total of 13 patients. Among the 13 patients evaluated in this standard dose escalation design, no Dose Limiting Toxicities (DLTs) were observed during the first cycle of treatment up to the highest dose of 800mg of TAZVERIK twice daily. As of mid-February, initial data from the trial also showed:

All but one of the 13 patients enrolled remain on therapy, and, to date, seven of the patients were also considered evaluable for efficacy based on the availability of tumor scans from investigators.
All seven evaluable patients demonstrated a response to treatment with TAZVERIK+R2 with three complete responses (CR) and four partial responses (PR).
The safety profile of TAZVERIK + R2 observed in these patients to date is consistent with that previously described with the respective drugs; no patients have discontinued due to an adverse event.
Based on these early safety and activity findings, Epizyme is preparing to commence the Phase 3 randomization portion of the trial. The Company plans to present further data from the Phase 1b portion of the study at a medical meeting in 2021.

Preliminary Data from Phase 1b/2 Study EZH-1101 In Prostate Cancer

The combination of tazemetostat with standard of care treatments, enzalutamide or abiraterone, is being evaluated in the Phase 1b safety run-in portion of the EZH-1101 trial, which enrolled a total of 21 men with metastatic prostate cancer. Among the 21 patients enrolled in a standard dose escalation design, no DLTs were observed at any dose of tazemetostat up to a maximum dose of 1600mg twice daily. As of mid-February, initial data from the trial also showed:

Seven out of 21 patients had a PSA response of ≥50%; one additional patient had a PSA response of ≥35%.
Six of the PSA50 responses were in the tazemetostat + enzalutamide cohort and one was in the tazemetostat + abiraterone/prednisone cohort.
The Company also observed a 47% disease control rate to-date and presented an example of radiographic response in a patient achieving a partial response (PR) in the trial.
The Company highlighted that all responses were in ARV7 negative patients using the EPIC platform, considered more rigorous in detecting ARV7 status. Only one ARV7 positive patient was enrolled in the safety run-in portion of the trial.
Based on these early safety and activity findings, Epizyme recently initiated enrollment in the Phase 2 efficacy portion of the trial. The Company plans to present further data from the Phase 1b portion of the study at a medical meeting in 2021.

Initiation of Basket Trials in Additional Heme and Solid Tumors Planned in Second Half 2021

Epizyme will initiate two signal finding basket studies to evaluate tazemetostat safety and efficacy across multiple new types of heme and solid tumors. With this approach, the Company will study multiple combinations with standard of care therapies and novel mechanisms of action to expand the potential of TAZVERIK to patients and the physicians who treat them. Epizyme announced on today’s call that it plans to initiate both basket studies in the second half of 2021.

Advancing Epizyme’s Novel SETD2 Inhibitor Program into the Clinic in 2021

SETD2 is a histone methyltransferase, similar to EZH2, which plays multiple important roles in oncogenesis. Based on the promise of SETD2 inhibition in multiple settings, including high risk t(4;14) multiple myeloma and in other B-cell malignancies such as large-cell lymphoma, as well as in combination with existing and emerging therapies including tazemetostat, Epizyme is planning to submit an IND (Investigational New Drug) application with the FDA in mid-2021.

"We are extremely excited about the potential for our SETD2 program and breadth of our growing discovery pipeline. Our ambition is to deliver at least five of these programs to the clinic in the next five years," said Jeffery Kutok, M.D., Ph.D, Epizyme’s Chief Scientific Officer. "We look forward to continuing to update you on the considerable number of promising compounds against important oncology targets in our pipeline as they move toward clinical development, furthering Epizyme’s mission of delivering medicines that can make meaningful differences in the lives of patients with cancer."

On the call today, the company reiterated its financial strength, with cash expected to be sufficient to fund these initiatives into 2023. Additionally, Epizyme plans to continue to evaluate collaborations with companies with an established commercial presence outside the United States, as well as potential clinical trial collaborations involving drugs where a tazemetostat combination makes sense. The scientific advice process with the European Medicines Evaluation Agency (EMEA) for tazemetostat in follicular lymphoma has begun and Epizyme will provide more details from these interactions and the path ahead later this year.

"As we consider the next five years, we expect to be the preferred partner of choice for accessing innovation in epigenetics. We have established a deep biological understanding of how best to evaluate novel, best in class epigenetic targets and, importantly, ensuring the right translational insights are captured early," said Matthew Ros, EVP, Chief Strategy and Business Officer. "We plan to leverage clinical and research collaborations to expand our ability to interrogate multiple investigative therapies with partners with like-minded scientific interests and expertise."

Next EPIsode Presentation and Slideshow

A replay of today’s webcast and the full slideshow presentation can be accessed and downloaded by visiting the Investor section of the Company’s website at www.epizyme.com.

FDA Approves Investigational New Drug (IND) for Neuroendocrine Tumors from Molecular Targeting Technologies, Inc.

On March 2, 2021 Molecular Targeting Technologies, Inc. (MTTI), a clinical stage radiopharmaceutical therapy company focused on therapies for rare diseases, reported the approval of an Investigational New Drug (IND) application by the U.S. Food and Drug Administration (FDA) (Press release, Molecular Targeting Technologies, MAR 2, 2021, View Source [SID1234575970]). It enables a Phase I clinical study of the Safety and Dosimetry of its lead product, EBTATE (177Lu-DOTA-EB-TATE), in patients with neuroendocrine tumors (NET).

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EBTATE is used in Precision Medicine for Targeted Radionuclide Therapy. The key feature of this technology is the appendage of Evans blue (EB) to the targeting radiopharmaceutical. EB binds reversibly to serum albumin to enhance the radiotherapeutic time window with longer circulation half-life and increase tumor uptake/retention to improve therapeutic outcome.

Dr. Chris Pak, President & CEO of MTTI commented: "The clearance of our IND is an important milestone for MTTI. Having solidified our clinical trial preparedness and manufacturing readiness, we are well-positioned to advance EBTATE. The upcoming trial is an open-label, dose-escalation study planned for patients with neuroendocrine tumors (NET)."

Sengenics Launches AxCESS, a Research Services Suite to Enable Wider Accessibility to Protein Arrays Developed Using its Patented KREX Protein Folding Technology

On May 2, 2021 Sengenics, the Functional Proteomics Company, reported the commercial launch of the Sengenics AxCESS research services suite which features three new KREX-based functional protein arrays developed for higher throughput and cost-effective immuno-proteomics applications (Press release, Sengenics, MAR 2, 2021, View Source [SID1234575969]). This range of arrays aims to provide greater access to Sengenics’ KREX technology to further facilitate autoantibody characterisation with a focus on autoimmune and cancer research.

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"The presence of autoantibodies years before disease onset makes them important potential biomarkers for early diagnosis and better prognosis. However, the field of autoantibody-based immuno-proteomics has been under researched to date and has been restricted by the availability of technologies that have the reproducibility, dynamic range, low limit of detection and low false positive rates required for autoantibody biomarker discovery. With KREX, higher sensitivity and accuracy is achieved due to the production of full-length, correctly folded proteins and our unique surface chemistry. I am delighted that we are now able to make this technology more widely accessible and affordable to researchers who are working towards making impactful contributions in this field," said Professor Jonathan Blackburn, CSO of Sengenics.

In the last 12 months, Sengenics has made significant discoveries of highly accurate autoantibody biomarker signatures for early diagnosis of Melanoma, Systemic Lupus Erythematosus and illness severity in COVID-19. In addition, the company has filed landmark patents for response prediction in one of the world’s best-selling autoimmune drugs and early diagnosis of Non-small Cell Lung Cancer. Sengenics has also developed the OncoREX p53 cancer array in collaboration with Professor Sir David Lane. Containing over 100 clinically relevant mutant p53 variants, OncoREX can be used for drug discovery as well as autoantibody and antibody screening in cancers.

In conjunction with the launch of AxCESS, Sengenics has made significant investments in scaling up production and operations to provide faster turnaround times and enhanced service offerings.