ALENTIS THERAPEUTICS TO PARTICIPATE IN THE ASCO ANNUAL MEETING AND BIO INTERNALTIONAL CONVENTION

On May 31, 2023 Alentis Therapeutics ("Alentis"), the Claudin-1 company, reported its participation in the 2023 Annual Meeting of the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) to be held June 2-6 in Chicago, IL, and the BIO International Convention to be held June 5-8 in Boston, MA (Press release, Alentis Therapeutics, MAY 31, 2023, View Source [SID1234632253]).

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Alentis management will be present at the conferences. In case you want to schedule a meeting please reach out via [email protected].

Acorda Therapeutics to Conduct 1-for-20 Reverse Stock Split

On May 31, 2023 Acorda Therapeutics, Inc. (Nasdaq: ACOR) reported that it will conduct a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1-for-20 (Press release, Acorda Therapeutics, MAY 31, 2023, View Source [SID1234632251]). The reverse stock split will become effective at 4:01 p.m. Eastern Time, on June 2, 2023. The Company’s common stock will begin trading on a post-split basis at the market open on June 5, 2023. The reverse stock split is being effected to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on The Nasdaq Global Select Market.

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The reverse stock split will apply equally to all outstanding shares of the common stock, and each stockholder will hold the same percentage of common stock outstanding immediately following the reverse stock split as that stockholder held immediately prior to the reverse stock split, except for adjustments that may result from the treatment of fractional shares. The Company will not issue any fractional shares in connection with the reverse stock split, and the number of shares issued will be rounded up to the next whole share. The reverse stock split will not modify the rights or preferences of the common stock. As a result of the proportionate reduction in the number of authorized shares of common stock, the reverse stock split will result in the number of authorized shares of common stock being reduced from 61,666,666 to 3,083,333.

As previously reported in the Company’s Current Report on Form 8-K filed on November 14, 2022, on November 11, 2022, the Company’s stockholders approved a proposal to authorize the Company’s board of directors to approve an amendment and restatement of the Company’s certificate of incorporation to effect a reverse stock split of the Company’s common stock by a ratio of any whole number in the range of 1-for-2 to 1-for-20, and a corresponding reduction in the number of authorized shares of the Company’s common stock, within one year following the conclusion of the Special Meeting of Stockholders on November 11, 2022.

Dynavax to Present at Upcoming Investor Conferences

On May 30, 2023 Dynavax Technologies Corporation (Nasdaq: DVAX), a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines, reported that the Company will present at the following upcoming investor conferences during the month of June (Press release, Dynavax Technologies, MAY 30, 2023, View Source [SID1234632265]):

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William Blair 43rd Annual Growth Stock Conference on Tuesday, June 6 at 9:20 a.m. CT

Goldman Sachs 44th Annual Global Healthcare Conference on Monday, June 12 at 11:20 a.m. PT

The presentations will be webcast and may be accessed through the "Events & Presentations" page on the "Investors" section of the Company’s website at View Source

New Natera Data to be Presented at the 2023 ASCO Annual Meeting in 13 Studies Across Multiple Cancer Types

On May 30, 2023 Natera, Inc. (NASDAQ: NTRA), a global leader in cell-free DNA testing, reported that new data on its personalized and tumor-informed molecular residual disease (MRD) test, Signatera, will be presented at the 2023 American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting taking place June 2 – 6, 2023 (Press release, Natera, MAY 30, 2023, View Source [SID1234632239]). Signatera and Natera’s circulating tumor DNA (ctDNA) technology will be featured across a wide variety of cancers, including colorectal (CRC), lung, bladder, esophageal, pancreatic, melanoma, sarcoma and cholangiocarcinoma.

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"We are grateful for the opportunity to share new data at ASCO (Free ASCO Whitepaper) that furthers Natera’s leadership in the ctDNA space," said Minetta Liu, M.D., chief medical officer of oncology at Natera. "These presentations provide additional support for the role of ctDNA in predicting patient outcomes and assessing treatment response in both common and rare cancers. Use of data generated from our ctDNA technology to broaden our understanding of tumor biology is also demonstrated. We are thrilled to collaborate with the oncology community in pursuit of better outcomes for patients living with cancer."

Highlights from selected abstracts include:

Abstract #9022 | NSCLC | Poster Discussion
ctDNA dynamics and survival outcomes in patients with advanced non-small cell lung cancer and high (>50%) programmed cell death-ligand 1 (PD-L1) expression, randomized to cemiplimab vs chemotherapy

Results will be presented from the Phase 3 EMPOWER-Lung 1 study of 175 NSCLC patients randomized to chemotherapy vs cemiplimab. In patients treated with cemiplimab, ctDNA increase was associated with the highest risk of death, while clearance and a >90% decrease in ctDNA were associated with significantly improved overall survival.

Abstract #3521 | CRC | Poster Discussion
ctDNA dynamics as an early predictor of recurrence in patients with radically resected CRC: Updated results from GALAXY study in the CIRCULATE-Japan

Expanded analysis with 2,083 stage II-IV patients shows a strong hazard ratio at 4 weeks post surgery (HR 12.0; p<0.001), compared to the interim update published in early 2021 by Kotani, et al (HR 10.0; p<0.0001). Also, in patients with ctDNA negativity at 4 weeks, no significant difference in DFS was observed between BRAF V600E mutant and wild-type groups (p=0.306).

Abstract #3522 | CRC | Poster Discussion
Positive ctDNA-based Minimal Residual Disease Assays During Surveillance Are Associated with High Rates of Undiagnosed Concomitant Radiographic Recurrences in CRC – Results from the MD Anderson INTERCEPT Program

Of 1,115 CRC patients included in this analysis from the INTERCEPT program, 49% (90/184) of patients who were ctDNA-positive during surveillance were found to have recurrent disease with reflex imaging. Of the patients who were ctDNA-positive during surveillance, but without radiologic evidence of disease, 59% (55/94) were enrolled into ongoing MRD-focused clinical trials.

Below are the additional ASCO (Free ASCO Whitepaper) presentations that highlight ctDNA data from Signatera and Natera’s collaborators:

Abstract #11509 | Sarcoma | Oral Presentation
MRD detection using bespoke ctDNA assays in localized Soft Tissue Sarcoma (STS)
Abstract #3511 | CRC | Oral Presentation
Evaluation of genomic alterations in over 13000 patients with early-onset versus late-onset CRC
Abstract #3050 | MIBC | Poster Presentation
Association of Tumor-Informed MRD with Clinical Outcomes for Muscle Invasive Bladder Cancer (MIBC) – A Multicenter Retrospective Real World Analysis
Abstract #3041 | Esophageal Cancer | Poster Presentation
Longitudinal ctDNA monitoring in patients with esophageal squamous cell carcinoma
Abstract #9582 | Melanoma | Poster Presentation
Longitudinal ctDNA monitoring for detection of molecular residual disease in patients with surgically resected stage II/III melanoma
Abstract #9075* | NSCLC | Poster Presentation
ctDNA Monitoring Informs Maintenance Outcomes in Patients (pts) with Advanced NSCLC Treated with Induction Atezolizumab+Carboplatin+Nab-Paclitaxel (A+CnP)
Abstract #4066 | Esophageal Cancer | Poster Presentation
ctDNA as a marker of recurrence risk in locoregional esophagogastric cancers with pathologic complete response
Abstract #4123 | Bile Duct Cancer | Poster Presentation
Utility of ctDNA as a predictive biomarker for disease monitoring in patients with cholangiocarcinoma (CCA) before and during adjuvant chemotherapy: sub-analysis of the randomized phase 2 STAMP trial
Abstract #4053 | Pancreatic Cancer | Poster Presentation
ctDNA and Association with CAR-T Cell Therapy Response in Gastric and Pancreatic Cancer Patient
Abstract #8598 | Thymus Cancer | Poster Presentation
Utilization of ctDNA analysis to detect minimal residual disease post-surgery and disease progression in metastatic thymic tumors
All abstracts can be found on the ASCO (Free ASCO Whitepaper) website here.

About Signatera

Signatera is a custom-built circulating tumor DNA (ctDNA) test for treatment monitoring and molecular residual disease (MRD) assessment in patients previously diagnosed with cancer. The test is available for both clinical and research use, and has been granted three Breakthrough Device Designations by the FDA for multiple cancer types and indications. The Signatera test is personalized and tumor-informed, providing each individual with a customized blood test tailored to fit the unique signature of clonal mutations found in that individual’s tumor. Signatera is intended to detect and quantify cancer left in the body, at levels down to a single tumor molecule in a tube of blood, to identify recurrence earlier and to help optimize treatment decisions.

U.S. FDA Approves Blue Earth Diagnostics’ POSLUMA® (Flotufolastat F 18) Injection, First Radiohybrid PSMA-targeted PET Imaging Agent for Prostate Cancer

On May 30, 2023 Blue Earth Diagnostics, a Bracco company and recognized leader in the development and commercialization of innovative PET radiopharmaceuticals, reported U.S. Food and Drug Administration (FDA) approval for its optimized, high-affinity radiohybrid (rh) Prostate-Specific Membrane Antigen (PSMA)-targeted PET imaging agent, POSLUMA (flotufolastat F 18) injection (formerly referred to as 18F-rhPSMA-7.3) (Press release, Blue Earth Diagnostics, MAY 30, 2023, View Source [SID1234632238]). POSLUMA is indicated for positron emission tomography (PET) of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer with suspected metastasis who are candidates for initial definitive therapy or with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level. It is the first and only FDA-approved, PSMA-targeted imaging agent developed with proprietary radiohybrid (rh) technology. POSLUMA will be commercially available in early June 2023, through certain radiopharmacies in the national radiopharmacy network of Blue Earth Diagnostics’ commercial U.S. manufacturer and distributor, PETNET Solutions Inc, A Siemens Healthineers Company. It will become increasingly available nationally in coming months.

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"With the FDA approval of POSLUMA, we realize our goal of providing an important product that will be widely available across the United States to help inform the management and treatment of patients across the prostate cancer care continuum," said David E. Gauden, D.Phil., Chief Executive Officer of Blue Earth Diagnostics. "This event marks a major milestone in the expansion of Blue Earth Diagnostics’ robust prostate cancer portfolio. POSLUMA was developed to assist physicians in the detection and localization of prostate cancer. It represents a new class of purposely engineered, high-affinity PSMA-targeted radiopharmaceuticals based on novel radiohybrid technology, which may offer diagnostic imaging and therapeutic potential. All of us at Blue Earth Diagnostics want to express our sincere gratitude to the many patients, physicians, clinical trial sites and collaborators who have worked closely with us to progress POSLUMA."

POSLUMA is an optimized PSMA-targeted molecule that binds to and is internalized by cells that express PSMA, including prostate cancer cells, which usually overexpress PSMA. It is labeled with the radioisotope fluorine-18 (18F) to enable PET imaging of the prostate and other areas of the body where prostate cancer may have spread. The 18F radioisotope leverages the high image quality of 18F-labeled PSMA PET imaging to facilitate effective detection of disease and enables broad, readily available geographic access for patients.

The approval of POSLUMA is based on data from two Blue Earth Diagnostics-sponsored Phase 3 trials (LIGHTHOUSE and SPOTLIGHT), designed to establish the safety and diagnostic performance of POSLUMA across the continuum of prostate cancer care. Results from the LIGHTHOUSE study demonstrated high specificity for the detection of pelvic lymph nodes as compared to histopathology standard of truth in men with PSMA-positive lesions prior to radical prostatectomy. The SPOTLIGHT study evaluated POSLUMA in men with suspected prostate cancer recurrence based on elevated PSA following prior therapy. Results demonstrated high detection rates (% positive PET scans) even at low PSA levels.

In clinical trials, the safety of POSLUMA was evaluated in 747 patients with initial or recurrent prostate cancer. The adverse reactions reported in ≥0.4% of patients in clinical studies were diarrhea, blood pressure increase and injection site pain.

"Effective staging in newly diagnosed prostate cancer – determining its presence and helping determine whether it may have metastasized − is critical in establishing optimal clinical management strategies, because up to 25% of patients with primary prostate cancer may have detectable regional pelvic lymph node metastases, which are correlated with a risk for recurrence and associated overall survival," said Brian F. Chapin, MD, Associate Professor, Department of Urology, Division of Surgery, The University of Texas MD Anderson Cancer Center, and Coordinating Investigator of the Phase 3 LIGHTHOUSE study. "Conventional imaging techniques such as CT and MRI are limited in the information they may provide. The LIGHTHOUSE study looked at unfavorable intermediate, high and very high risk patients who were scheduled for radical prostatectomy plus pelvic lymph node dissection (PLND) prior to POSLUMA PET. The study showed that POSLUMA PET provided clinically valuable information prior to surgery that would likely result in management changes for these patients."

"The highly variable nature of recurrent prostate cancer presents clinical challenges, and up to 40% of patients who undergo radical prostatectomy, and up to 50% of patients who undergo radiation therapy will develop local or distant recurrences within 10 years," said David M. Schuster, MD, FACR, Emory University School of Medicine, Professor of Radiology and Imaging Sciences at Emory University School of Medicine, a researcher at Winship Cancer Institute of Emory University and Coordinating Investigator for the Phase 3 SPOTLIGHT study. "The ability to determine the extent and location of recurrent disease is necessary to inform physicians and their patients for appropriate clinical management. The Phase 3 SPOTLIGHT study investigated the diagnostic performance of POSLUMA PET imaging as a potential decision-making aid in assessing suspected biochemical recurrence of the disease, and demonstrated that it offered precision diagnostic performance even at low PSA levels with an overall 83% detection rate."

"We at ZERO Prostate Cancer are thrilled to see the approval of POSLUMA as an additional useful tool for staging prostate cancer," said Shelby Moneer, MS, CHES, Vice President Advocacy and Patient Support, ZERO Prostate Cancer, a patient advocacy organization. "Determining if, when, or where prostate cancer has returned or spread is of the utmost importance for patients and their medical teams. The more patients know about their own diagnosis, the more empowered they are to seek personalized treatment plans. This new approval will, ultimately, give more options – and hope – to people impacted by prostate cancer."

About POSLUMA (flotufolastat F 18)

POSLUMA (flotufolastat F 18) injection (formerly referred to as 18F-rhPSMA-7.3) is an optimized, targeted radiohybrid diagnostic imaging agent indicated for positron emission tomography (PET) of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer with suspected metastasis who are candidates for initial therapy or with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level. Precision PET imaging with POSLUMA can help identify the location and extent of prostate cancer, providing clinically valuable information to guide patient management. POSLUMA represents a new class of high-affinity PSMA-targeted PET radiopharmaceuticals based on novel radiohybrid technology and is labeled with the radioisotope 18F to provide readily available patient access and leverage the high image quality of 18F-labeled PSMA PET imaging to facilitate effective detection of disease. POSLUMA was approved by the U.S. Food and Drug Administration in May, 2023.

About Radiohybrid Prostate-Specific Membrane Antigen (rhPSMA)

Radiohybrid Prostate-Specific Membrane Antigen (rhPSMA) compounds consist of a radiohybrid ("rh") Prostate-Specific Membrane Antigen-targeted receptor ligand which attaches to and is internalized by prostate cancer cells, and they may be radiolabeled with imaging isotopes for PET imaging, or with therapeutic isotopes for therapeutic use – providing the potential for creating a true theranostic technology. Radiohybrid technology and rhPSMA originated from the Technical University of Munich, Germany. Blue Earth Diagnostics acquired exclusive, worldwide rights to rhPSMA diagnostic imaging technology from Scintomics GmbH in 2018, and therapeutic rights in 2020, and sublicensed the therapeutic application to its sister company Blue Earth Therapeutics. Blue Earth Diagnostics received U.S. Food and Drug Administration approval for its radiohybrid PET diagnostic imaging product for use in prostate cancer in 2023. rhPSMA compounds for potential therapeutic use are investigational and have not received regulatory approval.

Indication and Important Safety Information About POSLUMA

INDICATION

POSLUMA (flotufolastat F 18) injection is indicated for positron emission tomography (PET) of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer

with suspected metastasis who are candidates for initial definitive therapy
with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level
IMPORTANT SAFETY INFORMATION

Image interpretation errors can occur with POSLUMA PET. A negative image does not rule out the presence of prostate cancer and a positive image does not confirm the presence of prostate cancer. The performance of POSLUMA for imaging metastatic pelvic lymph nodes in patients prior to initial definitive therapy seems to be affected by serum PSA levels and risk grouping. The performance of POSLUMA for imaging patients with biochemical evidence of recurrence of prostate cancer seems to be affected by serum PSA levels. Flotufolastat F 18 uptake is not specific for prostate cancer and may occur in other types of cancer, in non-malignant processes, and in normal tissues. Clinical correlation, which may include histopathological evaluation, is recommended.
Risk of Image Misinterpretation in Patients with Suspected Prostate Cancer Recurrence: The interpretation of POSLUMA PET may differ depending on imaging readers, particularly in the prostate/prostate bed region. Because of the associated risk of false positive interpretation, consider multidisciplinary consultation and histopathological confirmation when clinical decision-making hinges on flotufolastat F 18 uptake only in the prostate/prostate bed region or only on uptake interpreted as borderline.
POSLUMA use contributes to a patient’s overall long-term cumulative radiation exposure. Long-term cumulative radiation exposure is associated with an increased risk for cancer. Advise patients to hydrate before and after administration and to void frequently after administration. Ensure safe handling to minimize radiation exposure to the patient and health care providers.
The adverse reactions reported in ≥0.4% of patients in clinical studies were diarrhea, blood pressure increase and injection site pain.
Drug Interactions: androgen deprivation therapy (ADT) and other therapies targeting the androgen pathway, such as androgen receptor antagonists, may result in changes in uptake of flotufolastat F 18 in prostate cancer. The effect of these therapies on performance of POSLUMA PET has not been established.
To report suspected adverse reactions to POSLUMA, call 1-844-POSLUMA (1-844-767-5862) or contact FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

Full POSLUMA prescribing information is available at www.posluma.com/prescribing-information.pdf.