Cantex Receives FDA "Study May Proceed" Letter for Phase 2 Clinical Trial of Azeliragon for the Treatment of Unmethylated Glioblastoma

On February 27, 2023 Cantex Pharmaceuticals, Inc., a clinical-stage pharmaceutical company focused on developing transformative therapies for cancer and other life-threatening medical conditions, reported that the U.S. Food and Drug Administration (FDA) reviewed Cantex’s Investigational New Drug application and issued a "Study May Proceed" letter for Cantex’s Phase 2 clinical trial to assess the safety and therapeutic effect of azeliragon in patients with newly diagnosed unmethylated glioblastoma treated with standard of care radiation therapy (Press release, Cantex, FEB 27, 2023, View Source [SID1234627778]). Azeliragon was recently granted FDA Orphan Drug Designation for the treatment of glioblastoma.

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"We are very pleased to have received this favorable response from the FDA enabling Cantex to initiate a Phase 2 clinical trial of azeliragon for the treatment of glioblastoma," commented Stephen G. Marcus, M.D., Chief Executive Officer of Cantex. "Today’s news significantly advances Cantex’s azeliragon development program. We look forward to soon commencing enrollment in this trial given the urgent need for novel therapies that can better address this devastating disease."

Glioblastoma is the most common primary brain cancer, with approximately 13,000 cases diagnosed in the U.S. per year. It is a highly malignant brain tumor for which current therapeutic options provide a limited life extension benefit. The median survival after a glioblastoma diagnosis is 15-18 months and 5-year survival is less than 10%. Given this prognosis, new treatments of glioblastoma are urgently needed.

Azeliragon is an orally administered small molecule, taken once daily, that inhibits interactions of the receptor for advanced glycation end products (known as RAGE) with certain ligands, including HMGB1 and S100 proteins in the glioblastoma microenvironment. By preventing interaction of RAGE with these ligands, azeliragon may inhibit glioblastoma and overcome its resistance to effective treatment. Cantex is also developing azeliragon for the treatment of other major cancers not adequately addressed by current treatments where RAGE has been implicated in disease progression and in complications of cancer treatment.

Dr. Marcus continued: "The Phase 2 trial of azeliragon in glioblastoma is one of several promising clinical programs we continue to advance with azeliragon to treat cancer and other diseases where RAGE is implicated. Additional azeliragon indications include pancreatic cancer, breast cancer, and cancers such as lung cancer and breast cancer that have metastasized to the brain. These programs highlight the versatility of azeliragon and our commitment to develop new treatment options for these cancers. We expect significant progress on these clinical trials during 2023 and 2024."

About Azeliragon
Azeliragon, previously known as TTP488, is an orally active, small molecule, antagonist of the receptor for advanced glycation end products (RAGE) licensed by Cantex from vTv Therapeutics Inc. (NASDAQ:VTVT). vTv Therapeutics discovered azeliragon and carried out phase 3 clinical trials for Alzheimer’s disease. Although these trials did not demonstrate efficacy in Alzheimer’s disease, clinical safety data from these trials, involving over 2000 patients dosed for periods up to 18 months, indicate that azeliragon is very well tolerated. A broad range of evidence suggests that RAGE—ligand interactions play a critical role in cancer and its complications as well as in a range of inflammatory diseases.

Gracell Biotechnologies to Report Fourth Quarter 2022 Financials on Monday, March 13, 2023

On February 27, 2023 Gracell Biotechnologies Inc. (NASDAQ: GRCL) ("Gracell" or the "Company"), a global clinical-stage biopharmaceutical company dedicated to developing highly efficacious and affordable cell therapies for the treatment of cancer, reported that it plans to release unaudited financial results for the fourth quarter ended December 31, 2022 and provide an update on recent developments prior to the open of the U.S. financial markets on Monday, March 13, 2023 (Press release, Gracell Biotechnologies, FEB 27, 2023, View Source [SID1234627777]). The management team will host a live audio webcast and conference call at 8:00 am Eastern Time.

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Conference call and webcast details:

Monday, March 13, 2023 @ 8:00 a.m. ET
Investor domestic dial-in: (800) 715-9871
Investor international dial-in: (646) 307-1963
Conference ID: 5617240

Live webcast link: View Source

A replay of the webcast will be available on ir.gracellbio.com shortly after the conclusion of the event for 90 days.

Telix 2022 Full Year Results: Revenue up 20x in first year of commercial sales, underpins transition to cash flow positive

On February 27, 2023 Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) reported its financial results for the financial year ended 31 December 2022 (Press release, Telix Pharmaceuticals, FEB 27, 2023, View Source [SID1234627776]). All figures are in AU$ unless otherwise stated.

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2022 HIGHLIGHTS

Total Group revenue $160.1M (2021: $7.6M) commercial launch of Illuccix drives 20x increase in revenue
Highly positive top-line data from Phase III ZIRCON trial of investigational kidney cancer imaging agent TLX250-CDx paves way to commence regulatory filing process for a second imaging agent for the urology field
Advancement across the core therapy pipeline programs, including:
– Patient dosing in ProstACT SELECT and TARGET prostate cancer therapy trials
– Manufacturing scale-up to facilitate commencement of the ProstACT GLOBAL trial in international sites in 2023
– Patients dosed in STARLITE-2 study of therapy candidate TLX250 in patients with advanced clear cell renal cell carcinoma (ccRCC) in combination with immunotherapy
– Final data from IPAX-1, a Phase I/II trial of TLX101, an investigational therapy in patients with recurrent glioblastoma multiforme (GBM), confirmed the study met its primary objectives and demonstrated encouraging preliminary efficacy data
Build out of the radioisotope production facility in Brussels South progressing, on-track to commence operations in 2023
Net loss after tax $104.1M (2021: $80.5M), reflecting a period of investment to scale-up commercial and clinical activities
Adjusted earnings before tax, interest, depreciation and amortisation (Adjusted EBITDA) $(67.8)M (2021: $(76.1)M)
Gross margin (62%) has steadily improved since launch, reflecting efficiency gains in manufacturing of commercial products and scale benefits
Improvement in cash balance and net cash utilisation:
– Cash and cash equivalents of $116.3M as at 31 December 2022 (2021: $22.0M)
– Improved cash balance reflects $175.0M capital raise undertaken in January 2022, cash generation from sales of Illuccix and improved operating expenditure control
– Customer receipts generated cash of $124.1M (2021: $4.2M), reflecting the commencement of commercial sales
Dr Christian Behrenbruch, Group Chief Executive Officer and Managing Director commented on the result:

"This year Telix has demonstrated it can effectively identify, develop and commercialise assets. This included the delivery of a complex Phase III trial and scale-up of the business to support the highly successful launch of our first commercial product, Illuccix. These achievements, along with a continued focus on expenditure control, have seen us finish 2022 in a strong financial position with a healthy cash balance and a growing revenue stream. Our commitment to financial stewardship is enabling us to invest our earnings to fund the late-stage programs in our pipeline, while transitioning to cash flow positive. Ultimately this will deliver further benefits to patients and shareholders.

"Along with the launch of Illuccix, the positive readout of our Phase III ZIRCON study of our kidney cancer imaging agent, TLX250-CDx was a major highlight of 2022. We look forward to building on this strong foundation in 2023 as we prepare regulatory filings for two imaging agents for kidney and brain cancer and continue to advance the late-stage therapy programs in prostate, kidney and brain cancer."

Further details on the Company’s results can be found in the Company’s Appendix 4E, investor presentation slides and 2022 Annual Report lodged with the ASX and also available on the Company’s website.

Investor Call

An investor conference call / webcast will be held on Tuesday 28 February 2023 at 9.00am AEDT (Monday 27 February 2023 at 5.00pm EST).

Participants may register for the call at the following link: View Source

Hadassah Cancer Research Institute (HCRI) Unveils a Breakthrough in Personalized Cancer Care with a Data-Driven, Gene Targeting Tool

On February 27, 2023 The Hadassah Cancer Research Institute at the Hadassah University Medical Center in Jerusalem, reported that researchers have designed a genomic analysis tool for cancer patients that enables advanced selection of drugs targeting schemes for cancer genes, opening the door to improved personalized medicine in cancer treatment (Press release, Hadassah Medical Center, FEB 27, 2023, View Source [SID1234627775]). The science behind this breakthrough tool is a computational biology method to assess the relative effect of each position-specific point mutation in 535 cancer genes, by quantifying the relative biological and clinical importance of point mutations. This enables the prioritization of genes for targeting and will lead to the development of new, more effective combination therapies, further improving the prognosis for cancer patients.

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A new study led by Dr. Shai Rosenberg, head of HCRI’s Laboratory for Cancer Computational Biology, and by his research student Dr. Jacob Landau, demonstrates the power of shared cancer datasets and computational biology in advancing cancer care toward truly personalized and effective treatments for patients. By quantitatively assessing the relative biological and clinical importance of somatic mutations, gene targeting can be prioritized, maximizing treatment outcomes and reducing the risk of side effects.

"The availability of genomic analysis for cancer patients, coupled with advances in targeted therapies, holds great promise for personalized medicine approaches in cancer treatment," said Dr. Shai Rosenberg. "Our study takes this one step further, by developing a method to assess the relative impact of each somatic mutation bringing us closer to truly personalized care for cancer patients."

"With this new gene targeting tool, we are finally able to bring the power of personalized medicine to the forefront of cancer care. No longer will patients be subjected to treatments that may not be effective for their specific needs, but instead will receive tailored therapy that maximizes their chances for success," said Prof. Michal Lotem, MD, Head of the Hadassah Cancer Research Institute.

"This is a major milestone in the fight against cancer. By allowing us to prioritize and tailor treatment based on a patient’s specific genetic mutations, we have the potential to improve outcomes and change the lives of those affected by this disease," said Prof. Aron Popovtzer, Professor of Radiation Oncology and Head of the Sharett Institute of Oncology.

PacBio to Present at Cowen’s 43rd Annual Health Care Conference

On February 27, 2023 PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, reported that it will be participating in Cowen’s 43rd Annual Health Care Conference in Boston, Massachusetts (Press release, Pacific Biosciences, FEB 27, 2023, https://www.prnewswire.com/news-releases/pacbio-to-present-at-cowens-43rd-annual-health-care-conference-301756079.html [SID1234627774]).

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PacBio management is scheduled to participate in a fireside chat on Tuesday, March 7th at 12:50 PM ET. Interested parties may access a live and archived webcast of the event at the company’s investors page at investor.pacificbiosciences.com.