Diffusion Pharmaceuticals to Present at H.C. Wainwright BioConnect, Participate in Biotech Showcase and Bio Partnering at JPM during “J.P. Morgan Week 2022”

On December 20, 2021 Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) ("Diffusion" or the "Company"), a biopharmaceutical company developing novel therapies that enhance the body’s ability to deliver oxygen to areas where it is needed most, reported that the Company will present at H.C. Wainwright BioConnect and participate in Biotech Showcase and BIO Partnering at JPM (Press release, Diffusion Pharmaceuticals, DEC 20, 2021, View Source [SID1234597951]). All three events are scheduled alongside the J.P. Morgan 40th Annual Healthcare Conference 2022.

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Details of the events are as follows:

Event: Biotech Showcase
Date: January 10-12, 2022
Registration: https://informaconnect.com/biotech-showcase/registration-options/

Event: H.C. Wainwright BioConnect
Date: January 10-13, 2022
Registration: View Source

Event: BIO Partnering at JPM
Date: January 10-14, 2022
Registration: View Source
During the conference events, members of the Diffusion management team will participate in virtual one-on-one meetings with registered investors and pharmaceutical companies.

Registered attendees in the H.C. Wainwright BioConnect conference will be able to view a prerecorded, virtual presentation by Diffusion CEO Robert Cobuzzi, Jr., Ph.D. highlighting Diffusion’s business and recent corporate achievements, including the recently announced dosing of the first participants and patients in its last two Oxygenation Trials, the Altitude and ILD-DLCO Trials, with its lead product candidate, trans sodium crocetinate, or TSC. Dr. Cobuzzi also will describe certain aspects of the Company’s rationale for its plans to design and execute a clinical program to support the use of intravenously administered TSC as an adjunctive treatment for hypoxic solid tumors.

Receiving market recognition! Medicilon won the 2020 “Golden Bull Science and Technology Innovation Award”

On December 20, China Securities Journal reported the list of the 23rd (2020) "Golden Bull Awards" for listed companies (Press release, Shanghai Medicilon, DEC 20, 2021, View Source [SID1234597765]). Shanghai Medicilon Inc. (Medicilon) won the 2020 "Golden Bull Science and Technology Innovation Award."

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This is after Medicilon’s "Internet + One-Stop Preclinical Medicine R&D Service Platform" was awarded "Science and Technology Innovation Service Demonstration Cases" and won the "Golden Horse Award-2021 Best Preclinical CRO/CDMO" on the China Biomedical Industry Chain Innovation and recongized as the "Shanghai Enterprise Technology Center", Medicilon’s scientific and technological innovation strength has been recognized by the market again.

The "Golden Bull Award" is a financial brand created by China Securities Journal and the most influential award in China’s capital market. Since the China Securities Journal launched the first selection of "China’s Top 50 Listed Companies with the Most Development Potential" in July 1999, the selection of the Golden Bull Award for listed companies has reached the 23rd. The Golden Bull Award has witnessed the development of the capital market, recorded the extraordinary performance of listed companies in the securities market, and selected a group of outstanding listed companies that have standardized governance, performance growth, and actively repay shareholders and the society.

Technological innovation is an important engine for the rapid development of the pharmaceutical industry and the core driving force of Medicilon’s 17-year steady and rapid development. Medicilon now has an R&D laboratory of approximately 73,800 square metersand has more than 2,000 employees. Medicilon continues to increase the investment in R&D and innovation. In the first half of 2021, R&D expenses were over RMB 34 million, an increase of 77.04% over the same period from last year. (Source: Medicilon’s 2021 semi-annual report) If it is said that innovation is the driving force of Medicilon’s development, Medicilon’s people are the protagonists of innovation. Deeply planted in the fertile soil of innovation, Medicilians stand up to the forefront of every wave of surging, and innovating technology service platforms that are at the forefront of the times, helping the new drug to enter the clinic.

In the future, Medicilon will continue to make persistent efforts to increase the investment in R&D and innovation, to deepen the training of talents team, and to strive to be the leader of technological innovation in China’s pharmaceutical ind

Entry into a Material Definitive Agreement

On December 20, 2021, Coeptis Pharmaceuticals, Inc. ("Coeptis"), our wholly-owned subsidiary, reported that it entered into amendment No. 1 to that certain promissory note in the original principal amount of $2,300,000 related to CD038-GEAR-NK-Auto to (i) make a payment of $550,000 towards the outstanding principal amount, (ii) extend the maturity date for the outstanding balance from December 31, 2021 to March 31, 2022 and increase the minimum percentage ownership from 20% to 25% (Filing, 8-K, Coeptis Pharmaceuticals, DEC 20, 2021, View Source [SID1234597761]). Pursuant to the amendment, if the promissory note is timely paid by March 31, 2022, Coeptis will maintain its 50% ownership interest in the CD038-GEAR-NK(Auto) product candidate, and if the promissory note is not timely paid by March 31, 2022, Coeptis’ ownership interest in such assets will automatically be reduced to 25% and the promissory note will be automatically cancelled and will no longer be due or payable. The original promissory note was described in our Current Report on Form 8-K that was filed with the SEC on August 19, 2021.

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Simultaneous with the entering into of such amendment, Coeptis paid in full the outstanding amount due under that certain promissory note in the original principal amount of $950,000 related to CD038-SNP-DIAG. Upon the making of such payment, Coeptis secured its 50% ownership of the CD038-SNP-DIAG product candidate.

In addition, on December 20, 2021, we and VyGen-Bio, Inc. entered into a long form Co-development and Steering Committee Agreement, which agreement governs the relationship between us and VyGen-Bio related to development efforts and revenue sharing for both CD038-GEAR-NK(Auto) and CD038-SNP-DIAG product candidates. A copy of the Co-development and Steering Committee Agreement attached at Exhibits 4.1 to this Current Report on Form 8-K.

EpiAxis highlights – December 2021

On December 20, 2021 EpiAxis Therapeutics reported that expanding its PKC theta pre-clinical program and sending its peptides to Icahn School of Medicine at Mount Sinai (Press release, EpiAxis Therapeutics, DEC 20, 2021, View Source;utm_medium=rss&utm_campaign=epiaxis-highlights-december-2021 [SID1234597691]).

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Mt Sinai oncology

EpiAxis is collaborating with Dr Hanna Y Irie, MD, PhD, Associate Professor of Medicine, Hematology and Medical Oncology, Icahn School of Medicine at Mount Sinai and a leading research scientist in the PKC theta cancer sector. Under the collaboration, EpiAxis will provide Dr. Irie with its PKC theta inhibitors for evaluation in breast cancer models.

"This is an important collaboration for EpiAxis as we expand our pre-clinical program to advance our PKC theta assets," said EpiAxis CEO Dr Jeremy Chrisp. "We are delighted to be collaborating with Dr Irie’s team at the Icahn School of Medicine as this complements and strengthens our existing focus on LSD1 in breast cancer."

"This is an exciting opportunity to validate novel inhibitors against a promising therapeutic target for triple negative breast cancer, a particularly aggressive subtype that we have been studying for many years," said Mount Sinai’s Dr Irie about the partnership with EpiAxis.. "Once validated, we hope to translate these inhibitors for the benefit of patients."

EpiAxis CEO Jeremy Chrisp and Chairman David Fuller attended a Wholesale Investor networking event on December 16 at Verandah Bar in Sydney CBD.

The event was a valuable opportunity to share news about the company’s next generation therapeutics with an engaged audience.

"It was exciting to reveal how EpiAxis is spearheading a new approach to treating cancer," Dr Chrisp said.

Dr Chrisp explained to the attendees that while most existing therapies aim to destroy cancer cells, EpiAxis’ science reprograms them back into normal cells and increase cancer remission and its potential global impact. EpiAxis looks forward to expanding its partnership with Wholesale Investor in 2022.

"It was great to see like-minded professional investors, fund managers, family offices, and some of our clients at our WI Private event in Sydney," Wholesale Investor noted. "The Wholesale Investor team is truly grateful for the huge turnout and support – this has empowered us to create more engagement opportunities in the future."

EpiAxis also farewelled outgoing Director Nick McNaughton in mid-December.

"Thank you Nick for your six years of advice, counsel and support," Dr Chrisp said. "We wish you well with your next enterprise at Campus Plus."

McNaughton said: "It has been a great honour and privilege to represent all shareholders and stakeholders during my time on the Board of EpiAxis Therapeutics – the work Jeremy Chrisp, David Fuller and the extended team are doing is life changing. My oldest sister Val passed away from Breast Cancer in 1997 aged 49 and cancer remains the scourge of our time. It is my fervent belief that over the next decade we will find a cure to cancer and the work EpiAxis and the like are doing in this space will lead to the breakthrough discoveries that are needed to make this a reality."

Jeanette Wood will replace Nick as Director on the EpixAxis Board. Her board experience includes the successful listing of Nuevolution AG on the Swedish stock exchange and its recent takeover offer from Amgen.

CytomX Therapeutics Announces Preliminary Results for Ongoing Phase 2 Expansion Study of CX-2029, a First-in-Class Antibody-Drug Conjugate Candidate Targeting the Transferrin Receptor, CD71

On December 20, 2021 CytomX Therapeutics, Inc. (Nasdaq: CTMX), a leader in the field of conditionally activated therapeutics, reported preliminary Phase 2 results in patients with either advanced squamous non-small cell lung cancer (sqNSCLC) or head and neck squamous cell carcinoma (HNSCC), who were treated with CX-2029 – a CD71-directed conditionally activated antibody-drug conjugate (ADC) being co-developed by CytomX and AbbVie (Press release, CytomX Therapeutics, DEC 20, 2021, View Source [SID1234597541]).

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"We are pleased to report these first results from the ongoing Phase 2 expansion study of CX-2029, a novel ADC developed with the CytomX Probody Therapeutic platform. We are encouraged that the response rate in heavily-pretreated and unselected sqNSCLC patients at this recent data cut off is trending with our stated target of 20% and enrollment in this tumor type continues towards our goal of 25 efficacy-evaluable patients. No new safety signals were observed and we are also encouraged by the low discontinuation rate due to adverse events. These preliminary results corroborate our previous Phase 1 observations and open a potential sqNSCLC commercial opportunity in the growing post-checkpoint inhibitor setting where there are limited treatment options," said Sean McCarthy, D.Phil., president, chief executive officer and chairman of CytomX Therapeutics. "We continue to work closely with our partner, AbbVie, and look forward to completing the expansion phase of the CX-2029 development program and providing further data updates in 2022."

As of the data cutoff on October 29, 2021, 23 patients with sqNSCLC and 29 patients with HNSCC had received at least one dose of CX-2029 at 3 mg/kg (safety population), of whom 16 sqNSCLC patients and 25 HNSCC patients had at least one post baseline assessment (efficacy-evaluable population), including, per protocol, 5 patients (2 sqNSCLC and 3 HNSCC) enrolled in the previously reported Part B (tumor biopsy cohorts). The median follow-up time was 3.8 months (range, 0.2-20.1). In the 16 efficacy evaluable patients with sqNSCLC, objective response rate (ORR) by local investigator was 18.8 percent, including two confirmed partial responses (PRs) and one unconfirmed PR that confirmed seven days after the data cutoff. Two of these responses were ongoing and the third had a response duration of 5.6 months. The disease control rate (DCR), which includes patients with a complete response, PR or stable disease, was 87.5 percent. In the 25 efficacy evaluable patients with HNSCC, there was one confirmed PR (ORR 4.0%) and a DCR of 56.0 percent, including one unconfirmed PR. Below is a summary table.


*Includes one unconfirmed PR that confirmed after the data cutoff. **One unconfirmed PR was observed (will not confirm).

Safety analysis was conducted on all sqNSCLC and HNSCC patients who received at least one dose of CX-2029 at 3 mg/kg (N=52), either in Part B (N=5), or in the expansion cohorts (N=47). The median number of prior therapies in the metastatic setting was two (range, 1-5) for sqNSCLC and three (range, 1-9) for HNSCC. All patients with sqNSCLC had received prior platinum and prior checkpoint inhibition; in HNSCC, all but one patient received prior platinum and all but two, prior checkpoint inhibition.

The safety profile was consistent with previous Phase 1 observations, with no new safety signals identified. The most common treatment-related adverse events (TRAEs) in 10% or more of patients (All Grade, Grade 3) were anemia (78.8%, 67.3%), infusion related reactions (69.2%, 3.8%), fatigue (19.2%, 1.9%), and nausea (13.5%, 0.0%), and decreased neutrophil count (13.6%, 9.6% (plus one Grade 4 event 1.9%)). The most common reason for treatment discontinuation was disease progression (44.2%), three patients (5.8%) discontinued for a treatment-related adverse event (anemia; 2 Grade 2, 1 Grade 3). TRAEs leading to dose interruption or reduction were 40.4% and 34.6%, respectively. Thirteen patients, eight with sqNSCLC and five with HNSCC, were still on treatment as of the data cut off.

Conference Call & Webcast
CytomX management will host a conference call and a simultaneous webcast today at 5 p.m. ET (2 p.m. PT) to discuss these results. To join the conference call, please dial (877) 809-6037 (domestic) or (615) 247-0221 (international) and reference the conference ID 8065625. A live webcast of the call can be accessed via the Events and Presentations page of CytomX’s website at View Source A replay of the webcast will also be available for 30 days following the call.

About CX-2029
Co-developed by CytomX and AbbVie, CX-2029 is a conditionally activated antibody-drug conjugate (ADC) comprised of a CD71-directed humanized monoclonal antibody conjugated via a cleavable linker to the microtubule inhibitor, monomethyl auristatin E (MMAE), with a drug-to-antibody ratio (DAR) of 2. A key feature of CX-2029 is its masking peptide, which covers and blocks the cellular binding region of the antibody. Tethered to the antibody via a protease-cleavable linker, the masking peptide is designed to be removed in a protease-rich tumor microenvironment, enabling the then unmasked ADC to engage its target and deliver the toxic payload inside tumor cells. The goal is to have CX-2029 remain inert while in circulation, with the intent of limiting binding in healthy tissues until it is activated by tumor-associated proteases. CX-2029 is being evaluated as monotherapy in a Phase 2 expansion study (NCT03543813) designed to enroll patients in four cohorts; squamous non-small cell lung cancer, squamous head and neck cancer, esophageal and gastroesophageal junction cancers (both adenocarcinoma and squamous histologies), and diffuse large B-cell lymphoma.