Case Western Reserve, NeoIndicate LLC sign license agreement to commercialize imaging agent to aid in brain tumor surgery

On January 19, 2022 Case Western Reserve University and NeoIndicate LLC have signed an exclusive license agreement to commercialize an imaging agent discovered and developed at the School of Medicine that fluorescently tags tumor cells to guide neurosurgeons to a more precise and complete surgical removal of glioblastoma and other malignant brain tumors (Press release, Case Western Reserve University, JAN 19, 2022, View Source [SID1234605571]).

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In addition, NeoIndicate received a Technology Validation and Start-up Fund (TVSF) Phase 2 award from the State of Ohio to help accelerate the product to market. Specifically, state funding will be used to produce and test the tumor-imaging agent in preparation for a clinical trial.

"We developed a way for clinicians to specifically recognize tumors and created a platform of technologies for use in the detection, imaging and treatment of cancer," said Susann Brady-Kalnay, a professor in the Department of Molecular Biology and Microbiology at the Case Western Reserve School of Medicine, who discovered the biomarker and developed the imaging agents that detect it. She is also NeoIndicate’s founder and chief scientific officer.

Under terms of the agreement, Case Western Reserve, through its Technology Transfer Office (TTO), granted NeoIndicate an exclusive license to the intellectual property rights developed at the university for the imaging agents used to remove the brain tumors.

The technology, called NEO-001, relies on a unique tumor biomarker combined with a fluorescent tag to detect cancerous cells. The biomarker is present on many tumor types in cancer patients, including children, adolescents and young adults.

Andrew Sloan, professor and vice chair of neurosurgery and director of the Brain Tumor and Neuro-Oncology Center at the School of Medicine, as well as the Center for Translational Neuro-Oncology at University Hospitals (UH) Seidman Cancer Center, will conduct the clinical trials. "With advances in intraoperative microscopes, robotic surgical devices and fluorescent dyes, now is the time for tumor-targeted, next-generation fluorescent imaging agents to become standard of care," Sloan said.

"NEO-001 has the potential to transform how clinicians visualize tumors, and our platform of technologies will allow us to monitor treatment efficacy," said NeoIndicate CEO Ted Gastineau.

Gastineau said the company expects to begin patient clinical trials in 2023.

Glioblastoma
The incidence of glioblastoma, the most common brain cancer, is rising and its prognosis remains dismal, with a median survival of 12 to 15 months. Surgical removal of all or part of a tumor—known as resection—remains the first line of treatment, with additional radiation and temozolomide treatment leading to modest improvement in overall survival.

Treatment of brain tumor patients is expensive, often involving ineffective treatments and repeat biopsies. Removing the cancerous tumor tissue while preserving normal tissue in the brain is challenging. Better surgical resection of brain tumors doubles a patient’s survival rate.

However, surgeons can’t always determine the edges of the tumor. And high-grade brain tumors are often invasive, with small tentacle-like projections that extend from the main tumor mass and are invisible to the naked eye.

"It is these tumor cells that lead to greater than 90% recurrence in patients due to tumor cells left at the edge of the primary tumor," Sloan said. "Therefore, better visualization of invading tumor cells improves survival and is an important unmet clinical need."

How the technology works
NeoIndicate’s license gives the company access to a proprietary platform using a unique cell surface adhesion molecule biomarker present only on tumor cells. Brady-Kalnay’s lab developed a series of agents that recognize this unique tumor biomarker.

Using models of various tumor types, she discovered that the targeted agents:

label the main tumor mass within minutes;
bind tumors for hours;
and recognize invasive tumor cells that lead to recurrence.
This technology can be used to recognize cancer cells in applications ranging from diagnosis to imaging along the treatment spectrum, including pre-, during or post-surgery. The agents can also target various treatments to primary, invasive and metastatic tumors to "seek and destroy" cancer.

Additional support
Translational support for Brady-Kalnay’s lab to develop the technology came in part from: the National Institutes of Health, Case Comprehensive Cancer Center, the School of Medicine’s Council to Advance Human Health, Case-Coulter Translational Research Partnership, Ohio Third Frontier and the CWRU TTO.

"We are very excited to see this technology move closer to the patient," said TTO Executive Director Michael Haag. "The license and NeoIndicate’s award from the State of Ohio TVSF program helps to bring this technology one step closer to creating a meaningful impact."

AIM ImmunoTech to Present at the Virtual Investor 2022 Top Picks Conference

On January 19, 2022 AIM ImmunoTech Inc. (NYSE: American AIM) ("AIM" or the "Company"), an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders, and viral diseases, including COVID-19, the disease caused by the SARS-CoV-2 virus, reported that Thomas K. Equels, M.S. J.D., Chief Executive Officer of AIM, will present at the Virtual Investor 2022 Top Picks Conference on Wednesday, January 26, 2022 at 10:00 AM ET (Press release, AIM ImmunoTech, JAN 19, 2022, View Source [SID1234605569]).

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As part of the virtual event, the Company will provide a corporate presentation, followed by a moderated interactive Q&A session. In addition to the moderated portion of the event, all investors and interested parties will have the opportunity to submit questions live during the event. Interested parties may also pre-submit questions in advance of the live event, which can be sent via the conference website at virtualinvestorco.com. The Company will answer as many questions as possible during the event.

A live video webcast of the presentation will be available on the Events page of the Investors section of the Company’s website (aimimmuno.com). A webcast replay will be available two hours following the live presentation and will be accessible for one year.

Alligator Bioscience Announces Commencement of a Sponsored Research Agreement with the University of Pennsylvania Led by Dr. Gregory Beatty

On January 19, 2022 Alligator Bioscience (Nasdaq Stockholm: ATORX) reported the initiation of a sponsored research collaboration to study biomarker data from Alligator´s OPTIMIZE-1 study with the University of Pennsylvania’s (UPENN) Pancreatic Cancer Research Center (Press release, Alligator Bioscience, JAN 19, 2022, View Source [SID1234605565]).

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Gregory Beatty, MD, PhD, assistant professor of Medicine in the Division of Hematology/Oncology, UPENN, will serve as the faculty investigator for the sponsored Research agreements. Data analysis by Dr. Beatty and his team will be conducted at the Beatty Laboratory at UPENN.

The priority of Dr. Beatty’s study will be to apply their analytical capabilities on data collected on patients receiving mFOLFIRINOX in combination with mitazalimab, Alligator’s agonistic CD40 antibody. The UPENN study is a part of Alligator’s OPTIMIZE-1 clinical trial, an open-label, multi-center phase 1B/I I trial assessing the clinical efficacy of mitazalimab in combination with chemotherapy (mFOLFIRINOX) in patients with metastatic pancreatic cancer. Enrollment of OPTIMIZE-1 is planned for up to 67 patients.

"The addition of the UPENN study, conducted by a researcher of Dr. Beatty’s caliber, to Alligator’s on-going OPTIMIZE-1 trail is very exciting. The resulting data will provide additional and valuable insight into the clinical development opportunities for mitazalimab in a patient population with high unmet medical needs," said Alligator’s CEO, Søren Bregenholt. "We are also thrilled to welcome Dr. Beatty as a scientific advisor to Alligator."

Engitix Announces $54m Series A Financing and a Strategic Collaboration with Dompé Farmaceutici Using Exscalate’s AI Supercomputing Power to Advance its Drug Discovery Pipeline in Fibrosis and Cancer

On January 19, 2022 Engitix Ltd (‘Engitix’), a biopharmaceutical company with a pioneering and proprietary human extracellular matrix (ECM) drug target discovery platform reported the close of its $54m Series A financing as well as a strategic collaboration with Dompé farmaceutici S.P.A ("Dompé") (Press release, Engitix, JAN 19, 2022, View Source [SID1234605561]).

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The round was co-led by existing investor Netherton Investments, a fund investing on behalf of Mike Platt, and included new investor Dompé, an Italian and US-based biopharmaceutical company. Following the financing, Mike Platt, the highly successful fund manager and co-founder and Managing Director of BlueCrest Capital Management and Gianluca Rossetti, Corporate Business Development Director at Dompé, have joined Engitix’s board of directors.

The agreement with Dompé, a biopharmaceutical company with next-generation chemo- and bioinformatic tools and an AI-driven drug discovery platform to deliver precision engineered medicines, includes both equity investment and a multi-year, multi-programme strategic R&D collaboration to support identification of new treatments against fibrosis and liver-associated solid tumours.

Engitix has established a portfolio of internal programmes in primary sclerosing cholangitis (PSC), adenocarcinoma (PDAC) and liver metastasis, and hepatocellular carcinoma (HCC), as well as partnered drug discovery programmes in fibrosis and solid tumours using its ECM platform.

Dompé will provide direct access to facilities, resources and expertise including its Exscalate structure-based drug design platform that exploits the capabilities of the Italian supercomputer center, CINECA, to accelerate its own drug discovery and development. The deal is ground-breaking as Engitix retains full control over its assets and programmes enabling it to transition from a technology platform to a biopharmaceutical product company, with Dompé being an important shareholder and eligible for clinical and commercial milestones and royalties on marketed products developed under the collaboration.

Marcello Allegretti, CSO of Dompé said, "Our mission is to improve people’s lives and we partner with the best academic and industrial groups to accelerate the research that will bring new solutions to patients’ unmet needs. We look forward to working with the Engitix team to combine the power of Exscalate with Engitix’s deep understanding of the biology of the fibrosis and solid tumours microenvironment and the unique strength of its ECM platform. Our collaboration will enable us to accelerate the clinical translation of targets beyond our four key in-house therapeutic areas of ophthalmology, metabolic disorders, oncology, and pain management."

The financing will be used to invest in Engitix’s internal drug discovery pipeline through IND-enabling studies, expand its ECM discovery platform and bioinformatics capabilities into new therapeutic areas, and to expand its team, facilities and operations.

Alongside its internal pipeline, Engitix will seek to expand its pharma and biotech collaborations. It has an exclusive license agreement with Takeda in Non-Alcoholic SteatoHepatitis (NASH) and liver fibrosis worth more than $500m biodollars, and a previous partnership with Morphic Therapeutics in inflammatory bowel disease (IBD).

Dr Giuseppe Mazza co-founder and CEO of Engitix said, "This financing and new partnership with Dompé enables us to continue our evolution from a platform to multi-asset mutli-programmes pre-clinical stage company and to continue to prove the value of our human ECM platform. We are pleased to have the continued backing of Mike Platt, and to have secured the support of Dompé as a partner and investor. This round will enable us to advance our pre-clinical programmes against targets identified using our ECM platform through candidate selection and IND-enabling studies."

Mike Platt said, "I am prepared to take a risk and invest in innovative technology early, backing highly passionate teams with strong leadership. Having invested from the start, Engitix’s progress and achievements within less than two years from its seed financing have been impressive. The value of Engitix’s platform has been proven through the partnerships it has established and the pipeline of opportunities it has built. The collaboration with Dompé propels it to the next stage and I look forward to working with the board and investors to maximise Engitix’s full potential."

In 2020 Engitix moved its headquarters to London’s WestWorks, White City Place (WCP), a growing campus of life sciences companies including a number of biotech and global pharma organisations notably GammaDelta Therapeutics, Autolus and Synthace, as well as Novartis. The Company plans to acquire more laboratory and office space to support its expansion to around 80 full time employees and to establish a fully integrated automated laboratory for high throughput screening (HTS) using its ECM platform.

Oasmia announces intention to change its name to Vivesto

On January 19, 2022 Oasmia Pharmaceutical AB, an oncology-focused specialty pharmaceutical company, reported plans to change its name to Vivesto AB (Press release, Oasmia, JAN 19, 2022, View Source [SID1234605558]). The proposed name change is subject to approval at a company Extraordinary General Meeting (EGM) to be held on 21 February 2022. The new name will, after approval by the EGM, be formally registered with the Companies Registration Office following completion of the recently announced Rights Issue.

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Francois Martelet, CEO, said: "Since I became CEO in March 2020, the new management team and Board has set out a focused strategy to transform the business and build an oncology-focused specialty pharmaceutical company with a diversified portfolio. We’ve strengthened our finances by reducing unnecessary operational expenditure and resolved a number of inherited legal issues, at the same time as driving the value of our existing portfolio and expanding our R&D capabilities to make us an attractive partner for promising oncology assets. As we continue to develop Cantrixil, the first in-licensed therapy in our string of pearls strategy and focus on additional in-licensing and M&A opportunities, we believe this is the right time to mark the transformed prospects of our business with a new identity. Vivesto reflects our optimism for the future and our commitment to improving survival and quality of life for patients with hard-to-treat and late-stage cancers through R&D and innovation."

Oasmia has worked closely with the respected Brand Institute London UK to develop its new identity. Vivesto was ranked highly for brand recognition and relevance by patients, medical professionals and investors surveyed in Europe, the US and Sweden.

Online presentation today at 14:00 CET
The company will hold an online presentation today at 14:00 CET. The presentation will be given by CEO Francois Martelet and CFO Fredrik Järrsten in English. The presentation will be broadcast live via the link: View Source

Questions can be sent in advance to [email protected] or by phone to +46 72-376 90 10.