Prescient Therapeutics (ASX:PTX) expands trial of PTX-100

On July 27, 2021 Prescient Therapeutics (PTX) reported that it is progressing the trial of its cancer-blocking drug PTX100 following successful results from Phase 1b of the trial (Press release, Prescient Therapeutics, JUL 27, 2021, View Source;utm_medium=rss&utm_campaign=prescient-therapeutics-asxptx-expands-trial-of-ptx-100 [SID1234585261]).

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The cancer treatment company is trialling PTX-100 which is a first-in-class compound with the ability to block an important cancer growth enzyme known
as geranylgeranyl transferase-1.

Phase 1b of the trial assessed the safety of PTX-100 in patients with solid and haematological cancers and PTX said the results have exhibited an "excellent" safety profile, being well tolerated up to and including the highest dose.

While several adverse events occurred for some patients during the trial, including nose bleeds, a bone infection, hip fracture and a reduction in platelets, PTX said none of these events were related to the drug.

Ten patients were enrolled in the Phase 1b basket trial, half of which had solid tumours and the other half had multiple myeloma and T cell lymphomas (TCL).

The company was particularly encouraged by clinical benefit observed in two patients with TCL with aggressive disease who had undergone previous therapies that were unable to control the disease.

Both patients experienced a reduction in cancer burden, with one patient with peripheral T cell lymphoma (PTCL) experiencing no disease progression for 17 months so far.

Prescient’s CEO and Managing Director Steven Yatomi-Clarke said the results from Phase 1b are significant for two reasons.

"Firstly, that this drug may have utility in fragile patients unable to tolerate therapies with high toxicities.

"Secondly, because the low-toxicity profile of PTX-100 opens up possibilities to add it as a combination agent with various other cancer therapies, depending on the cancer and line of therapy."

Looking forward, Prescient said it will progress the development of PTX-100 as a monotherapy in an expansion cohort study in relapsed and refractory TCL, with a particular focus on PTCL.

The company plans to enrol between 8-12 patients in the expanded cohort and said costs will be within its current budget.

Additionally, PTX said if the expansion cohort is successful in demonstrating the benefit of PTX-100 in PTCL, it’s possible development could advance directly to a separate registration study.

Curis to Release Second Quarter 2021 Financial Results and Hold Conference Call on August 3, 2021

On July 27, 2021 Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, reported that the Company will release its second quarter 2021 financial results on Tuesday, August 3, 2021, after the close of US markets. Management will host a conference call on the same day at 4:30 pm ET (Press release, Curis, JUL 27, 2021, View Source [SID1234585252]).

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To access the live conference call, please dial (888) 346-6389 from the United States or (412) 317-5252 from other locations, shortly before 4:30 pm ET. The conference call can also be accessed on the Curis website at www.curis.com in the ‘Investors’ section. A replay of the financial results conference call will be available on the Curis website shortly after completion of the call.

Halozyme To Host Second Quarter 2021 Financial Results Webcast and Conference Call

On July 27, 2021 Halozyme Therapeutics, Inc. (NASDAQ: HALO) reported that it will webcast its Quarterly Update Conference Call for the second quarter 2021 on Monday, August 9 at 4:30 p.m. ET / 1:30 p.m. PT. Dr. Helen Torley, president and chief executive officer, will lead the call (Press release, Halozyme, JUL 27, 2021, View Source [SID1234585251]). On the same date, Halozyme will release financial results for the second quarter ended June 30, 2021 following the close of trading.

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To register for this conference call, please use this link: View Source After registering, you will receive an email confirmation that includes dial in details and unique conference call codes for entry. Registration is open through the live call. However, to ensure you are connected for the full call, we suggest registering a day in advance or at minimum 10 minutes before the start of the call.

The call will be webcast live through the "Investors" section of Halozyme’s corporate website and a recording will be made available following the close of the call. To access the webcast and additional documents related to the call, please visit the Investors page of www.halozyme.com approximately 15 minutes prior to the call to register, download and install any necessary audio software. A telephone replay will be available for two weeks after the call by dialing (800) 585-8367 (domestic callers) or (416) 621-4642 (international callers) using replay ID number 5694076.

Nektar to Announce Financial Results for the Second Quarter 2021 on Thursday, August 5, 2021, After Close of U.S.-Based Financial Markets

On July 27, 2021 Nektar Therapeutics (Nasdaq: NKTR) reported that it will announce its financial results for the second quarter 2021 on Thursday, August 5, 2021, after the close of U.S.-based financial markets. Howard Robin, President and Chief Executive Officer, will host a conference call to review the results beginning at 5:00 p.m. Eastern Time/2:00 p.m. Pacific Time (Press release, Nektar Therapeutics, JUL 27, 2021, View Source [SID1234585250]).

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The press release and live audio-only webcast of the conference call can be accessed through a link that is posted on the Home Page and Investors section of the Nektar website: View Source The web broadcast of the conference call will be available for replay through September 5, 2021.

Samsung Biologics Reports Second Quarter 2021 Financial Results

On July 27, 2021 Samsung Biologics (KRX: 207940.KS), the world’s leading contract development and manufacturing organization, reported strong financial results for the second quarter of fiscal 2021 (Press release, Samsung BioLogics, JUL 27, 2021, View Source [SID1234585249]).

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John Rim, CEO of Samsung Biologics, stated, "The second-quarter financial performance demonstrates our ability to maintain steady operations despite the global supply disruptions brought on by the pandemic and our commitment to deliver life-saving treatments to patients at an expedited timeline. Recently, we announced our expansion plans in mRNA vaccine manufacturing, in line with our three-dimensional growth plans laid out earlier on in the year. Construction and presales of our Plant 4 are on track, and we will take on new initiatives as we continue our strong momentum across our business portfolio and growth plans."

SECOND QUARTER 2021 RESULTS

Second quarter 2021 revenue was KRW 412.2 billion, an increase of 34% from KRW 307.7 billion reported for the second quarter in the previous year, attributable to increased utilization of Plant 3 and sales activities bringing in new contracts, including COVID-19 products.

Second quarter 2021 operating profit was KRW 166.8 billion, 105.7% higher than the prior-year period leveraging strong top-line growth.

Second quarter 2021 net profit reached KRW 121.5 billion, an increase of KRW 69.5 billion from KRW 52 billion in the second quarter a year ago, and second quarter 2021 operating margin was at a record-high 40.5% due to increased utilization across all plants and product mix, including fast-turnaround COVID-19 treatments.

FISCAL YEAR 2021 OUTLOOK

The annual revenue is expected to remain steady at the mid-20% range amid full operations at Plants 1 and 2, and near-full operations at Plant 3. The high utilization rate is also expected to drive an increase in the annual operating profit.

The company signed a contract with Moderna in May this year to provide fill-finish manufacturing of its COVID-19 vaccine and announced a plan to add an mRNA vaccine drug substance manufacturing facility to expand its portfolio of services.

Plant 4 construction remains on track with active presales discussions, commencing its partial operations by the end of 2022 and expected to be fully GMP-ready in 2023. The San Francisco R&D Center is also fully equipped for high-quality cell line development in support of client pipelines in close proximity to the U.S. market.

Samsung Biologics has maintained stable business operations with no disruption caused by the pandemic and is currently able to continue as planned with key strategic growth projects and long-term investments.