AMP945 IMPROVES SURVIVAL IN PANCREATIC CANCER MODEL

On June 2, 2021 Amplia Therapeutics Limited (ASX: ATX), ("Amplia" or the "Company"), a company developing new approaches for the treatment of cancer and fibrosis, reported that it has received new data from its collaboration with Professor Paul Timpson of the Garvan Institute of Medical Research, Sydney ("Garvan") (Press release, Amplia Therapeutics, JUN 2, 2021, View Source;[email protected] [SID1234583400]). The new data show that Amplia’s Focal Adhesion Kinase (FAK) inhibitor AMP945 is able to improve the anticancer activity of combined gemcitabine and Abraxane in an animal model of aggressive pancreatic cancer.

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Gemicitabine and Abraxane is a widely used first-line treatment for patients with pancreatic cancer. These new data show that adding intermittent doses of Amplia’s AMP945 to this standard-of-care therapy increases survival by 27% in the aggressive KPC pancreatic cancer animal model. This follows previous work showing that AMP945 enhances the activity of chemotherapy by increasing cell death and reducing cancer cell proliferation. The latest study showsthat these effectstranslate into a survival benefit in an animal model of pancreatic cancer.

In the recent experiment, pancreatic tumour tissue was grown subcutaneously in mice using an animal model of pancreatic cancer called the KPC model, a well-established and widely accepted model of the disease. Once the tumours were established, AMP945 was orally administered to the animals in between their doses of gemcitabine/Abraxane in order to make the tumours more susceptible to the effects of the chemotherapy. The median survival time of untreated mice was 18 days, while mice treated with AMP945 alone or with gemcitabine/Abraxane alone exhibited a median survival time of 23 days or 22 days respectively. By contrast, mice treated with a combination of AMP945 and gemcitabine/Abraxane had a median survival time of 28 days, representing a statistically significant 27% increase in median survival (P ≤ 0.001), relative to gemcitabine/Abraxane alone. * P ≤ 0.05; *** P ≤ 0.001 Commenting on the results, Professor Timpson noted that "The pancreatic cancer cells used in this experiment are extremely aggressive, so showing any beneficial effect on survival is very encouraging. A 25% improvement in survival in this model is very impressive and a level of improvement that we rarely see."

Dr. John Lambert, CEO of Amplia commented that "These data further underpin the rationale for our planned Phase 2 clinical trial in pancreatic cancer. Earlier data told us that adding AMP945 to gemcitabine and Abraxane increased cancer cell death and reduced proliferation, and this new data tells us that those effects actually translate into prolonged survival in this model. We are strongly encouraged by these results."

Amplia is currently using recently raised capital for a range of essential activities required to initiate the Phase 2 clinical trial in pancreatic cancer patients towards the end of this year.

This ASX announcement was approved and authorised for release by the Board of Amplia Therapeutics Limited.

Agenus to Participate in Fireside Chat at the Jefferies 2021 Virtual Healthcare Conference

On June 2, 2021 Agenus (NASDAQ: AGEN), an immuno-oncology company with an extensive pipeline of checkpoint antibodies, cell therapies, adjuvants, and vaccines designed to activate immune response to cancers and infections, reported that Jennifer Buell, PhD, President and COO of Agenus, will participate in a fireside chat at the Jefferies 2021 Virtual Healthcare Conference on Friday, June 4, 2021 from 10:30 a.m. to 10:55 a.m. ET (Press release, Agenus, JUN 2, 2021, View Source [SID1234583399]).

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Registration for the webinar can be done in advance at View Source

A replay will be available after the call on the Events & Presentations page of the Agenus website at View Source

Veracyte to Present at Upcoming Investor Conferences

On June 2, 2021 Veracyte, Inc. (Nasdaq: VCYT), a global genomic diagnostics company, reported that Marc Stapley, chief executive officer, and Bonnie Anderson, executive chairwoman, are scheduled to participate in two upcoming virtual investor conferences (Press release, Veracyte, JUN 2, 2021, View Source [SID1234583396]):

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Goldman Sachs 42nd Annual Global Healthcare Conference
Fireside chat on Wednesday, June 9, 2021, at 9:40 a.m. Eastern Time
Raymond James Human Health Innovation Conference
Fireside chat on Wednesday, June 23, 2021, at 2:40 p.m. Eastern Time
Live audio webcasts of the company’s presentations will be available by visiting Veracyte’s website at View Source Replays of the webcasts will be available for 90 days following the conclusion of each live presentation broadcast.

Sorrento Completes Acquisition of ACEA Therapeutics, Creating a Major Oncology Franchise

On June 2, 2021 Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento") reported that it has completed the acquisition of ACEA Therapeutics Inc. ("ACEA") (Press release, Sorrento Therapeutics, JUN 2, 2021, View Source [SID1234583395]).

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The merger was completed on June 1, 2021 and at such time, ACEA became a wholly owned subsidiary of Sorrento. The total value of the consideration payable to the holders of securities of ACEA in the merger was $38,000,000, subject to certain adjustments for interest expenses, indebtedness, transaction expenses and cash. In total, 5,519,469 shares of Sorrento common stock were issued at closing in satisfaction of certain outstanding indebtedness of ACEA. In addition to the foregoing consideration, and subject to the achievement of certain clinical and sales milestones (as described below), Sorrento will pay the ACEA equity holders (i) up to $450,000,000 in additional payments, subject to the receipt of certain regulatory approvals and achievement of certain net sales targets with respect to the assets acquired in the merger and (ii) with respect to specified royalty-bearing products, five to ten percent of the annual net sales thereof, in each case in accordance with the terms of an earn-out agreement. The amount referenced in clause (i) of the preceding sentence includes the amounts that would have otherwise been due to ACEA under that certain License Agreement, dated July 13, 2020, which agreement terminated in its entirety at the effective time of the merger.

"This is a value-inflection acquisition for Sorrento as we bring in multiple NCE drug product candidates, including the previously licensed Abivertinib as an anchoring small molecule drug product for treating many different cancers and autoimmune diseases," said Henry Ji, Ph.D., Chairman and Chief Executive Officer of Sorrento. "With broad-spectrum and synergistic infrastructures and expertise in pharmaceutical and biological drug discovery, development and manufacturing, and expanded geographic coverage in China and North America, we envision Sorrento becoming a leading biopharmaceutical company to develop and commercialize innovative medicines that will save and improve lives globally."

"With perfectly aligned missions, ACEA and Sorrento are both committed to developing innovative drugs and providing therapeutic solutions for unmet medical needs. The successful integration of ACEA small molecule drug pipelines to Sorrento large molecule and cell therapy platforms will significantly strengthen and facilitate the innovative drug development in the field of cancer and autoimmune diseases," said Xiao Xu, M.D, President of ACEA Therapeutics.

Sardona Therapeutics, winner of the Servier Spark Award

On June 2, 2021 Servier and MBC Biolabs reported that awarded the Servier Spark Award* June 2021 to Sardona Therapeutics, a biotech that develops small molecules blocking the interaction between an RNA-binding protein and its target RNAs (Press release, Servier, JUN 2, 2021, View Source;utm_medium=rss&utm_campaign=sardona-therapeutics-winner-of-the-servier-spark-award [SID1234583394]). This award will allow Sardona Therapeutics to continue developing its preclinical program in oncology, in indications such as triple negative breast cancer.

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Sardona Therapeutics develops small molecules targeting an original signaling pathway to block the proliferation of cancer cells harboring a combination of biomarkers. The indications targeted by this approach are in particular hard-to-treat tumors and resistant to standard treatments, such as triple negative breast cancer or glioblastoma.

The biotech’s research work is aligned with Servier’s commitment to support innovation in Oncology: "Sardona Therapeutics’ approach corresponds to what Servier wishes to encourage in terms of innovation. It matches with Servier’s strategy in Oncology, which notably involves the discovery of new signaling pathways to treat hard-to-treat tumors." said Olivier Nosjean, Head of Open Innovation and Scientific Affairs at Servier.

*The Spark Award (also known as Golden Ticket) is part of Servier’s sponsorship with MBC Biolabs. This award allows the winning start-up to have access to MBC Biolabs’ facilities, by covering the operating costs of a researcher for one year, thus giving the wining biotech the means to focus all its efforts on their scientific development. This prize is also intended to forge links between the winning biotech and Servier’s research teams, by opening a scientific dialogue.