Biodesix to Report First Quarter 2021 Financial Results on May 11, 2021

On April 26, 2021 Biodesix, Inc. (Nasdaq: BDSX), a leading data-driven diagnostic solutions company with a focus in lung disease, reported that it will release financial results for the first quarter ended March 31, 2021 after the close of trading on Tuesday, May 11 (Press release, Biodesix, APR 26, 2021, View Source [SID1234578498]). Biodesix’s management will host a conference call and webcast to discuss its financial results and provide a general business update at 4:30 p.m. Eastern Time on the same day. Dial-in and call details are as follows:

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Tuesday, May 11th at 4:30 p.m. Eastern Time
Domestic: 833-665-0678
International: 929-517-0173
Conference ID: 4089648
Webcast: View Source

Immunome Announces $27 Million Private Placement

On April 26, 2021 Immunome, Inc. (Nasdaq: IMNM), a biopharmaceutical company that utilizes its human memory B cell discovery engine platform to discover and develop first-in-class antibody therapeutics, reported it has entered into a definitive securities purchase agreement for the sale of its equity securities in a private placement with certain accredited investors for gross proceeds to Immunome of approximately $27 million, before deducting placement agent commissions and other offering expenses (Press release, Immunome, APR 26, 2021, View Source [SID1234578497]).

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The agreement provides for the sale of an aggregate of 1,000,000 units at a price of $27.00 per unit. Each unit consists of one share of Immunome’s common stock and a warrant to purchase one half of a share of common stock at an exercise price of $45.00.

Ladenburg Thalmann & Co. Inc. acted as Immunome’s placement agent in the transaction.

Immunome intends to use the net proceeds to accelerate the development of its oncology and infectious disease portfolio, including COVID-19, and for other general corporate purposes.

The private placement is expected to close on or about April 28, 2021, subject to the satisfaction of customary closing conditions. Additional details regarding the private placement will be included in a Form 8-K to be filed by Immunome with the Securities and Exchange Commission ("SEC").

The securities being sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. Immunome has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issuable in connection with the private placement and upon exercise of the warrants.

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

Turning Point Therapeutics to Host First Quarter 2021 Conference Call

On April 26, 2021 Turning Point Therapeutics, Inc. (NASDAQ: TPTX), a precision oncology company developing next-generation therapies that target genetic drivers of cancer, reported that it will report first quarter financial results following the close of U.S. financial markets on May 5 (Press release, Turning Point Therapeutics, APR 26, 2021, View Source [SID1234578496]). The company will host a conference call at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and provide operational updates. President and CEO Athena Countouriotis, M.D., will host the call, which will include a question and answer session.

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The update will be accessible via audio webcast through the "Investors" section of www.tptherapeutics.com or by dialing (877) 388-2118 (in the United States) or (470) 495-9489 (outside the U.S.) using conference ID 7397513. A replay will be available through the "Investors" section of www.tptherapeutics.com.

Lantern Pharma Announces Publication Detailing Preclinical Results of Drug Candidate, LP-184, in a Spectrum of Drug-Resistant Lung Cancers in the Journal Oncotarget

On April 26, 2021 Lantern Pharma Inc. (NASDAQ: LTRN), a clinical stage biopharmaceutical company using its proprietary RADR artificial intelligence ("A.I.") platform to transform oncology drug discovery and development, reported a manuscript describing the efficacy profile of LP-184 in a variety of non-small cell lung cancer models was published in Oncotarget (Press release, Lantern Pharma, APR 26, 2021, View Source [SID1234578495]). The manuscript is titled ‘The acylfulvene alkylating agent, LP-184, retains nanomolar potency in non-small cell lung cancer carrying otherwise therapy-refractory mutations’. LP-184 is being developed by Lantern for the potential treatment of non-small cell lung cancer (NSCLC) among several other targeted indications in solid tumors including pancreatic and CNS cancers.

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The unmet clinical need where LP-184-based therapy could potentially be valuable is for those non-small cell lung cancer patients that are ineligible for targeted therapy options or have developed resistance to other forms of therapy. Existing targeted therapies, such as EGFR or ALK inhibitors, only work in specific, genetically defined patient subsets. There’s a sizable fraction of lung cancers — 30 to 40 percent — that do not have those targetable alterations, or have developed resistance to the current standard of care therapies which can often leave lung cancer patients without additional therapeutic options. According to Panna Sharma, CEO of Lantern Pharma, "More people continue to die of lung cancer every year than any other type of cancer, and significant improvements have been made in the era of targeted and combination therapies; however, many lung cancers rapidly evolve and form resistance to both targeted agents and chemotherapy combinations, and there is a major clinical need for new options and potentially extending patient lives further." Mr. Sharma continued, "With this additional indication for our DNA-damaging agent, LP-184, we continue to invest in the development of therapeutic options for increasing the personalization of therapy for lung cancer patients."

This publication in Oncotarget highlights LP-184’s nanomolar in vitro potency in primary and metastatic NSCLC models. It also demonstrates that LP-184 is generally more potent in vitro than commonly prescribed platin and taxane based chemotherapeutics. Based on the research conducted, the activity profile of LP-184 is not influenced by the presence of mutations in key oncogenes such as KRAS or KEAP1 and tumor suppressors such as TP53 and STK11, that otherwise underlie resistance to other drugs. LP-184 is believed to be a promising drug candidate that can address the treatment of KEAP1 mutant NSCLC, because the mutations up-regulate expression of PTGR1, and increased PTGR1 in turn makes tumor cells increasingly sensitive to LP-184.

Additionally, LP-184 showed tumor growth inhibition in a mouse xenograft model of KRAS/KEAP1 mutant lung cancer. Co-occurring KRAS and KEAP1 mutations occur in about 17 percent of lung adenocarcinoma cases and are believed to represent an aggressive form of lung cancer that is believed to be "undruggable". Lantern Pharma has developed a genomic signature that is believed to predict response in tumors that will be responsive to LP-184. This correlation and pinpointing of clinical need were supported by further TCGA analysis of 517 lung adenocarcinoma patients, out of which 35% showed elevated PTGR1, and 40% of those further displayed statistically significant co-occurrence of KEAP1 mutations. Considering an overlap between LP-184-specific response biomarkers and NSCLC-related genomic groups, we believe that the clinical data analyses reveal patient subgroups with distinct molecular backgrounds that are likely to be responders to LP-184 and benefit from this drug candidate.

According to Mr. Sharma, "Using our data-driven approach we have shown that not only can we find unique biomarkers that link to drug response and mechanism, but we can also rapidly uncover clinically meaningful patient subgroups that can benefit from our portfolio of therapies." Mr. Sharma continued, "By understanding the genomic and biomarker characteristics driving a compound’s activity in various sub types of cancer, we can rapidly develop new meaningful indications that have the potential to deliver life changing therapy options for cancer patients — and we can do this faster and with better insights as a result or our RADR platform. We will continue to invest into increasing the data, scope and functionality of the A.I. platform and expect that it will be able to play a wider role in cancer therapy development.

Lantern is continuing to validate LP-184 sensitivity in advanced lung tumor models both as monotherapy and in combination with drugs prioritized by Lantern’s RADR models, to increase the potential future benefit to patients with tumors that are or have become otherwise "undruggable" or non-responsive to existing approved therapies.

Autolus Therapeutics to Report First Quarter 2021 Financial Results and Host Conference Call on May 6

On April 26, 2021 Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, reported that it will release its first quarter 2021 financial results and operational highlights before open of U.S. markets on Thursday, May 6, 2021 (Press release, Autolus, APR 26, 2021, View Source [SID1234578494]).

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Management will host a conference call and webcast at 8:30 am ET/1:30 pm GMT to discuss the company’s financial results and provide a general business update. To listen to the webcast and view the accompanying slide presentation, please go to the events section of Autolus’ website

The call may also be accessed by dialing (866) 679-5407 for U.S. and Canada callers or (409) 217-8320 for international callers. Please reference conference ID 7756178. After the conference call, a replay will be available for one week. To access the replay, please dial (855) 859-2056 for U.S. and Canada callers or (404) 537-3406 for international callers. Please reference conference ID 7756178.