Three senior executives join Massive Bio, which is expanding its operations in Europe with Series B investments

On September 23, 2022 Massive Bio, which uses its proprietary artificial intelligence-based platform to match cancer patients to clinical trials regardless of where they live or their financial circumstances, reported that it is expanding its operations in Europe (Presentation, Massive Bio, SEP 23, 2022, View Source [SID1234621396]). With support from Series B investments received in the first half of this year, Massive Bio announced the hiring of three new team members who will help expand the company’s global operations, intensify its marketing activities, develop new data sets and products, and expand its M&A efforts. The new recruits are Toygun Onaran, who will serve as Head of Strategy; Mert Sarı, who will be Regional Manager; and Sinan Fındık, who comes on board as Clinical Research and Data Manager.

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Massive Bio’s expanding presence in Europe will allow the company to continue its mission of ensuring that all cancer patients receive treatment under fair and favorable conditions, said Çağlar Demirbağ, Director of International Partnerships, which manages the company’s operations outside of the United States, adding that "there are about 4 million patients diagnosed with cancer annually in Europe. With the steps we have taken in the last two years, we have been ensuring that thousands of cancer patients in Spain, Italy, France, Germany, Romania, Poland, and Greece are matched to appropriate clinical trials. This is also enabling that these patients receive the best treatment free of charge."

"The current changes we are making today will help us better reach and support more cancer patients in the future," added Erkan Terzi, Massive Bio’s Vice President of Global Marketing. Terzi said, "At Massive Bio, we work on three continents in 32 different functional areas in our marketing efforts. Our recent updates, newsletters, infographics, new video production, digital-asset improvements, content writing, and advertising management continue to help us create a more comprehensive and effective patient-use case. The technologies we use and the integrated studies we create with different units enable us to work more effectively in the business focus."

Castle Biosciences Announces Publication of Study Demonstrating the Integration of DecisionDx®-Melanoma and Clinicopathologic Factors Provides Optimized, Personalized Survival Prognoses for Patients with Cutaneous Melanoma

On September 23, 2022 Castle Biosciences, Inc. (Nasdaq: CSTL), a company improving health through innovative tests that guide patient care, reported the publication of a study in the Journal of the American Academy of Dermatology validating the performance of DecisionDx-Melanoma’s proprietary algorithm, i31-ROR. i31-ROR is designed to integrate a patient’s tumor biology with clinicopathologic factors to provide the patient’s personalized risk of melanoma recurrence (Press release, Castle Biosciences, SEP 23, 2022, View Source [SID1234621395]). The study, accessible here, found that DecisionDx-Melanoma’s integrated algorithms (i31-ROR and i31-SLNB) provide more precise risk-stratification and individualized risk estimates, compared to those based on clinicopathologic factors alone, and can ultimately improve treatment decisions.

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As expected in the study, the most significant factor in predicting melanoma-specific survival (MSS) was the tumor biology risk as identified by DecisionDx-Melanoma’s 31-gene expression profile (GEP) (multivariate hazard ratio (HR)=20.00). Additionally, DecisionDx-Melanoma, including both algorithms (i31-SLNB and i31-ROR), identified 44% of patients who could potentially forego the sentinel lymph node biopsy (SLNB) surgical procedure while maintaining high survival rates (>98% for recurrence-free survival (RFS), distant metastasis-free survival (DMFS) and MSS) or were re-stratified as being at a higher or lower risk of recurrence or death than initially staged using the American Joint Committee on Cancer 8th edition (AJCC8) staging criteria.

"Current staging practices use key characteristics of a patient’s melanoma tumor to determine how aggressive it is as a means to inform important cancer management decisions, such as intensity of follow-up, surveillance imaging and the need for adjuvant therapy," said first author Abel Jarell, M.D., dermatologist and dermatopathologist at Northeast Dermatology Associates, PC, Portsmouth, New Hampshire. "DecisionDx-Melanoma takes many of these same characteristics and combines them with the biology of a patient’s tumor to provide patients and clinicians with personalized – instead of population-based – risk estimates that can allow for tailored treatment plans aligned to the patient’s individual risk."

Integrating Clinicopathologic Factors with Tumor Biology for Precise, Personalized Risk Estimates

DecisionDx-Melanoma is Castle’s molecular risk stratification GEP test that analyzes the expression of 31 genes (31-GEP) within tumor tissue. DecisionDx-Melanoma’s 31-GEP has been shown to be a significant predictor of recurrence and metastatic risk, independent of other clinical factors.1 In addition to the 31-GEP class score (low risk (Class 1A), increased risk (Class 1B/2A) or high risk (Class 2B) of recurrence or metastasis), the test now provides results from two proprietary algorithms, i31-SLNB and i31-ROR, that combine a patient’s 31-GEP score with his/her clinicopathologic factors to provide precise, personalized risk assessments that inform two clinical questions in the management of cutaneous melanoma:

1) A patient’s individual risk of sentinel lymph node (SLN) positivity (i31-SLNB algorithm, previously validated);2 and

2) A patient’s personal risk of recurrence and/or metastasis (i31-ROR algorithm).

The paper, titled "Optimizing treatment approaches for patients with cutaneous melanoma by integrating clinical and pathologic features with the 31-gene expression profile test," discusses the development and validation of the i31-ROR algorithm and its use in conjunction with the i31-SLNB algorithm for more comprehensive and refined patient prognoses.

i31-ROR Highlights:

DecisionDx-Melanoma’s i31-ROR algorithm integrates a patient’s 31-GEP score with his/her clinicopathologic factors, including Breslow thickness, ulceration, mitotic rate, SLN status, age and tumor location. The most significant factor in predicting MSS was the tumor biology risk as identified by the 31-GEP (multivariate HR=20.00).
With these inputs, i31-ROR provides personalized, not population-based, predictions of five-year MSS, and two additional endpoints not available in AJCC8, RFS and DMFS.
Study highlights:

In the study, DecisionDx-Melanoma’s i31-ROR algorithm identified patients at the highest and lowest risk for recurrence or metastasis; patients with a low-risk i31-ROR result had significantly higher RFS (91% vs. 45%, P<0.001), DMFS (95% vs. 53%, P<0.001) and MSS (98% vs. 73%, P<0.001) than patients with a high-risk i31-ROR result.
Additionally, i31-ROR correctly reclassified patient risk as being higher or lower than predicted by AJCC8 for MSS, demonstrating the ability of the algorithm to further refine patient risk and help inform more individualized melanoma management plans.
The i31-ROR also had higher sensitivity and higher negative predictive value (NPV) for RFS, DMFS and MSS than SLN status alone (sensitivity of i31-ROR vs. SLN status alone: RFS (66% vs. 46%), DMFS (78% vs. 49%) and MSS (71% vs. 57%); NPV of i31-ROR vs. SLN status alone: RFS (93% vs. 89%), DMFS (97% vs. 93%) and MSS (98% vs. 97%)).
When patients with an i31-SLNB estimated likelihood of SLN positivity of ≥5% (n=298) were analyzed by the i31-ROR algorithm, those with a negative SLN but high-risk i31-ROR result had lower RFS, DMFS and MSS rates than patients with a negative SLN and a low-risk i31-ROR result. Among this same subset of patients, those with a positive SLN but a low-risk i31-ROR result had higher RFS, DMFS and MSS rates than patients with a high-risk i31-ROR result.
Moreover, the study showed that the number of patients undergoing SLNB could potentially be reduced as a subset of patients with an i31-SLNB predicted risk of <5% all received a low-risk i31-ROR result and had RFS, DMFS and MSS rates >98%.
Study conclusions:

Overall, the study demonstrated that DecisionDx-Melanoma, with integrated algorithms that combine the 31-GEP score with a patient’s clinicopathologic factors, provides personalized and accurate survival prognoses, which can help guide risk-aligned patient management.
Further, the study showed that using DecisionDx-Melanoma test results in conjunction with current staging guidelines can help refine patient risk, reduce unnecessary procedures and ultimately improve patient care.
As the National Comprehensive Cancer Network (NCCN) guidelines recommend risk-aligned decisions for individual patients, the use of DecisionDx-Melanoma test results could aid in identifying patients with more or less aggressive cases of melanoma to align treatment decisions more accurately with patient risk and help ensure a more appropriate allocation of healthcare resources.
About DecisionDx-Melanoma

DecisionDx-Melanoma is a gene expression profile risk stratification test. It is designed to inform two clinical questions in the management of cutaneous melanoma: a patient’s individual risk of sentinel lymph node (SLN) positivity and a patient’s personal risk of melanoma recurrence and/or metastasis. By integrating tumor biology with clinical and pathologic factors using a validated proprietary algorithm, DecisionDx-Melanoma is designed to provide a comprehensive and clinically actionable result to guide risk-aligned patient care. DecisionDx-Melanoma has been shown to be associated with improved patient survival and has been studied in more than 9,000 patient samples. DecisionDx-Melanoma’s clinical value is supported by more than 35 peer-reviewed and published studies, providing confidence in disease management plans that incorporate the test’s results. Through June 30, 2022, DecisionDx-Melanoma has been ordered 105,239 times for patients diagnosed with cutaneous melanoma. More information about the test and disease can be found at www.CastleTestInfo.com

Lantern Pharma to Present Positive Preclinical Data on the Efficacy of LP-284 for Mantle Cell Lymphoma at the Society of Hematologic Oncology Annual Meeting

On September 23, 2022 Lantern Pharma Inc. (NASDAQ: LTRN), a clinical stage biopharmaceutical company using its proprietary RADR artificial intelligence ("A.I.") and machine learning ("M.L.") platform to transform the cost, pace, and timeline of oncology drug discovery and development, reported that it will present preclinical data on the potency of Lantern’s drug candidate LP-284 for mantle cell lymphoma (MCL) and several other non-Hodgkin’s lymphomas at the Society of Hematologic Oncology (SOHO) Tenth Annual Meeting, Sept. 28 – Oct. 1, 2022, in Houston, TX (Press release, Lantern Pharma, SEP 23, 2022, View Source [SID1234621393]).

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LP-284 is a next generation acylfulvene that has a synthetically lethal mechanism of action in cancers with impaired DNA damage repair (DDR) pathway genes. In Lantern’s preclinical testing, LP-284 has shown in vitro and in vivo anti-tumor potency across a range of non-Hodgkin’s B-cell lymphomas. Of the lymphomas tested to date, LP-284 had the greatest potency against numerous MCL cell lines, including those that are resistant to the standard-of-care (SOC) agents Ibrutinib and Bortezomib. In the US, MCL is estimated to be diagnosed in around 4,500 patients each year and represents an approximate $200 million in annual therapy sales.

Lantern’s LP-284 program has been accelerated and de-risked using A.I. insights and biological modeling powered by RADR. Lantern has been able to advance LP-284 from initial RADR insights regarding anti-cancer activity and potential mechanisms of action in hematological cancers, to selection of specific subtypes of lymphomas with superior response, to late stage IND enabling studies and initial design of first in human clinical trials in less than 2 years. Lantern is planning on an IND submission for LP-284 in Q1 2023 and anticipates launching a Phase 1 clinical trial in Q2 2023.

Details of the poster presentation are listed below and can be found on the SOHO website. A full version of the poster will be available on Lantern’s website on October 3, 2022.

EDAP Announces Proposed Public Offering of American Depositary Shares

On September 23, 2022 EDAP TMS S.A. (NASDAQ: EDAP) (the "Company"), a global leader in robotic energy-based therapies, reported that it has commenced a public offering of its American Depositary Shares, or ADSs, each representing one ordinary share of the Company (Press release, EDAP TMS, SEP 23, 2022, View Source [SID1234621390]). The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed or as to the actual size or terms of the proposed offering.

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Jefferies LLC is acting as the sole book-running manager for the offering.

A shelf registration statement on Form F-3 (including a prospectus) relating to the Company’s American Depositary Shares was filed with the Securities and Exchange Commission (the "SEC") on April 7, 2021 and is effective. The Company has also filed a base prospectus dated April 16, 2021 and a preliminary prospectus supplement dated September 22, 2022 with respect to the proposed offering. Before purchasing ADSs in the offering, you should read the preliminary prospectus supplement and the accompanying prospectus, together with the documents incorporated by reference therein. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the preliminary prospectus supplement (and accompanying prospectus) relating to the offering may be obtained from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by telephone at +1 (877) 821-7388 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. In particular, no public offering of the ADSs will be made in Europe.

Corporate Presentation

On September 23, 2022 Yumanity Therapeutics, Inc Presented the Corporate Presentation (Presentation, Yumanity Therapeutics, SEP 23, 2022, View Source [SID1234621389]).

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