CytRx to Present at Upcoming Virtual LD Micro Conference

On October 5, 2021 CytRx Corporation (OTCQB: CYTR) ("CytRx" or the "Company"), a specialized biopharmaceutical company focused on research and development for the oncology and neurodegenerative disease categories, reported that Steven A. Kriegsman, Chairman and Chief Executive Officer of CytRx, is scheduled to present at the Virtual LD Micro Main Event XIV, which is being held from October 12-14, 2021 (Press release, CytRx, OCT 5, 2021, View Source [SID1234590844]).

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Mr. Kriegsman’s virtual presentation will be available for on-demand viewing throughout the conference. Interested parties can view the presentation here.

As a reminder, CytRx joined the LD Micro Index in 2021.

Exo Therapeutics Raises $78 Million Series B Financing

On October 5, 2021 Exo Therapeutics, Inc., a small molecule drug discovery and development company with a pioneering technology to address intractable pharmaceutical targets, reported the completion of a $78 million Series B financing (Press release, Exo Therapeutics, OCT 5, 2021, View Source [SID1234590843]). New investor, Nextech Invest, led the oversubscribed round with participation from BVF Partners, L.P., Samsara Biocapital, Morningside and Casdin Capital. Existing investors Newpath Partners, Novartis Venture Fund, CRV and 6 Dimensions Capital also participated in the financing. Proceeds will be used to advance therapeutic candidates in oncology and inflammation derived from the company’s proprietary ExoSightTM platform towards proof-of-concept and into the clinic. The proceeds will also be used to expand Exo’s pursuit of new targets with the ExoSight platform. As part of the financing, Thilo Schroeder, PhD, Partner at Nextech Invest, and Kanishka Pothula, Managing Director at BVF Partners, L.P., have joined Exo’s Board of Directors.

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Exo is building a deep pipeline of drug candidates that bind exosites, distal and unique binding pockets that reprogram enzyme activity for precise and robust therapeutic effect. Focusing on exosites overcomes the common challenges of competitive binding and off-target activity that occur with active site and allosteric modulators, potentially yielding better therapeutic windows, greater selectivity and fewer side effects. Exo’s approach also creates the opportunity to discover first-in-class candidates directed at novel targets across a wide range of diseases.

"Exo is well positioned to capitalize on the tremendous opportunity that exosites represent," said Michael Bruce, PhD, CEO of Exo Therapeutics. "With the support of our world-class investor syndicate and foundational work by professors David Liu and Alan Saghatelian, and their former student Juan Pablo Maianti, we are equipped to expand our ExoSight platform, discover new exosite targets and advance our initial programs towards the clinic. Exo was formed with the mission of developing impactful new medicines that act by targeting exosites, and with this financing we are now one step closer to achieving that goal."

"I am thrilled to work with Exo on building a robust pipeline of exosite-targeting therapeutics," said Schroeder. "The company’s initial work has shown compelling results on how exosites can unlock traditionally challenging targets and modulate them with precision and potency. We are particularly enthusiastic about Exo’s platform, which is poised to significantly expand the number and diversity of targets that they can pursue."

"Exo has made rapid progress in the past year both in building an accomplished scientific team and on their four initial programs in oncology and inflammation," said Pothula. "We are proud to support Exo during this pivotal stage of the company’s de

CN Bio Expands Service Offering to Support Oncology Drug Discovery

On October 5, 2021 CN Bio, a leading Organ-on-a-chip Company (OOC) that designs and manufactures single- and multi-organ microphysiological systems (MPS), reported the commercial launch of its Oncology Service in response to the global need to improve cancer drug discovery approval rates (Press release, CN Bio Innovations, OCT 5, 2021, View Source [SID1234590842]).

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Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

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Understanding the relationship between pharmacokinetics, pharmacodynamics (PK/PD) and efficacy is critical to the successful development of new medicines, but at present this relationship is primarily investigated using animal models – a process that is time-consuming, ethically undesirable and prone to a lack of translation. This contributes to the low success rate of oncology medicines in the clinic. Expanding CN Bio’s portfolio, the Oncology Service provides a unique means to explore these relationships in vitro, offering a new approach to accelerate the development of cancer therapeutics.

Despite the advancement of in vitro models, the ability of existing approaches to mimic the dynamic drug concentrations found in the human body is limited, with none currently able to recreate PK profiles and investigate their effect on cells and tissues. CN Bio’s Oncology Service addresses this gap in research by enabling researchers to create human and animal PK profiles and apply them to 3D tumour models and organoids.

Harnessing novel technology licensed from the Vanderbilt Institute for Integrative Biosystems Research and Education (VIIBRE), led by Professor John Wikswo, the proprietary PhysioMimix PK system exposes 3D tumour models to in vivo-like profiles by periodically changing the drug concentration in the well. This feature is not currently possible in standard in vitro experiments as the concentration is fixed.

Offering significant time and cost savings, the service enables customers to study dose combinations and schedules which previously required large and expensive xenograft studies. In doing so, the new Oncology Service aims to support improved oncology drug discovery success rates and facilitate precision medicine using patient cells.

Dr Tomasz Kostrzewski, Director of Biology, CN Bio, said: "The expansion of CN Bio’s service offering to support oncology studies amplifies the breadth of solutions we provide into a critical area of research, that hasn’t been possible before. The Service supports scientists to decide with greater confidence which projects to invest in, in a fraction of the time and cost of comparable approaches, giving a marked competitive edge, whilst demonstrating our continued focus on driving innovation within the Life Sciences."

Dr David Hughes, CEO, CN Bio, commented: "Ninety percent of drugs entering phase 1 trials fail, often due to a lack of efficacy, and consequently resulting in billions wasted in R&D costs. There is certainly a concerted move towards replacing the use of animal models in drug discovery, as illustrated by the recent vote in the EU parliament. CN Bio’s Oncology Service supports this movement by evidencing how the technology better recapitulates scenarios in vivo, to reduce reliability on conventional testing models."

Professor John Wikswo, Director, Vanderbilt Institute for Integrative Biosystems Research and Education (VIIBRE), added: "Oncology drug discovery is a fantastic application of our technology. I am thrilled by the CN Bio team’s elegant translation of my group’s work to a commercial service; demonstrating the possibility to use microfluidic pumps and valves to impose different pharmacokinetic profiles across each well of a multi-well plate. Many of us within this field predict the PhysioMimix PK system and Oncology Service will be a disruptive technology that will accelerate cancer therapeutic development, reduce the number of failed or wrongly-dismissed drugs, and help to eliminate animals from the drug-development pipeline."

For further details about the Oncology Service, please visit: View Source

Can-Fite to Present at H.C. Wainwright 5th Annual NASH Investor Conference on October 12, 2021

On October 5, 2021 Can-Fite BioPharma Ltd. (NYSE American:CANF) (TASE:CFBI), a biotechnology company advancing a pipeline of proprietary small molecule drugs that address inflammatory, cancer and liver diseases, reported the Company’s CEO Dr. Pnina Fishman will present at the H.C. Wainwright 5th Annual NASH Investor Conference at 9:30 am ET on Tuesday, October 12, 2021 (Press release, Can-Fite BioPharma, OCT 5, 2021, View Source [SID1234590838]). The virtual conference will feature a panel discussion by several renowned key opinion leaders in NASH. Management will conduct virtual 1×1 meetings with institutional investors.

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Can-Fite’s drug candidate Namodenoson is expected to commence patient enrollment in a Phase IIb NASH trial in Q4 2021. In a prior Phase IIa NASH trial, Namodenoson achieved its study endpoints including significant anti-steatotic, anti-fibrotic, and anti-inflammatory effects.

NASH is a clear and urgent unmet medical need, as there currently is no U.S. approved drug to treat the disease. As of 2016, NASH was the leading cause for liver transplants among women and second leading cause for liver transplants overall. NASH is expected to become the leading indication for liver transplants in males as well. The NIH estimates the incidence of NASH in the U.S. at 2-5% of the population. Incidence is increasing based on rising obesity rates. By 2025, the addressable pharmaceutical market for NASH is estimated to reach $35-40 billion.

CohBar to Present at H.C. Wainwright 5th Annual NASH Investor Conference

On October 5, 2021 CohBar, Inc. (NASDAQ: CWBR), a clinical stage biotechnology company developing mitochondria based therapeutics to treat chronic diseases and extend healthy lifespan, reported that its Chief Executive Officer, Dr. Joseph Sarret, will present a company overview at the H.C. Wainwright 5th Annual NASH Investor Conference, being held virtually on October 12, 2021 (Press release, CohBar, OCT 5, 2021, View Source [SID1234590837]).

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H.C. Wainwright 5th Annual NASH Investor Conference
Tuesday, October 12, 2021 at 12:00pm ET
Webcast: The presentation may be accessed via webcast at the scheduled time, or following the presentation, using the following link: View Source
A replay of the webcast will be available in the events section of the CohBar website for two weeks following the presentation.