Candel Therapeutics Announces It Expects to Report Topline Data from its Phase 2 Clinical Trial of CAN-2409 in Non-Small Cell Lung Cancer in the Second Quarter of 2024

On June 13, 2023 Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a clinical stage biopharmaceutical company focused on developing viral immunotherapies to help patients fight cancer, reported that, in the second quarter of 2024, it expects to report topline overall survival data from its ongoing, open-label, phase 2 clinical trial of CAN-2409 plus valacyclovir in combination with continued immune checkpoint inhibitor treatment (ICI) in patients with non-resectable, stage III/IV non-small cell lung cancer (NSCLC) who progressed while on treatment with PD-(L)1 ienhibitor therapy (Cohort 2) (Press release, Candel Therapeutics, JUN 13, 2023, View Source [SID1234632650]).

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"As we approach full enrollment of a cohort of approximately 40 patients with documented radiographic progression on PD-(L)1 inhibitor treatment, we expect that we will be able to report topline overall survival data for this cohort in the second quarter of 2024," said Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer of Candel. "In conjunction with this topline data, we will assess whether the effect on tumor biology previously reported could translate into improved survival, which we believe is what matters to patients and regulators. We remain optimistic that this expected dataset could help initiate discussions with regulators about a future potentially registrational clinical trial in this indication of serious unmet disease."

Dr. Tak continued, "In the near-term, we continue to expect to present additional clinical and immunological biomarker activity data from this clinical trial in the third quarter of this year. To date, we have reported mechanistic evidence that CAN-2409 plus valacyclovir can induce a systemic anti-tumor response in ICI inadequate responders, which had shown improvement of injected and uninjected tumor size and an overall beneficial effect on tumor growth over time."

In 2022, the Company presented preliminary evidence that CAN-2409 plus valacyclovir, when added to first line PD-(L)1 inhibitor therapy, in late-stage NSCLC patients showing

radiographic progression despite at least 18 weeks of ICI treatment, is able to 1) induce local and systemic reduction in the size of tumor lesions, with an abscopal effect in uninjected lesions (Aggarwal C et al. J Clin Oncol 2022;40(16) Suppl:9037 [ASCO abstract]), and 2) change the tumor growth trajectory after follow up, and significantly decrease the monthly rate of tumor growth (Aggarwal C et al. Virtual R&D Day, December 2022). These data supported the application for Fast Track designation, granted by the U.S. Food and Drug Administration for this program in April 2023. The Company remains on target to present additional clinical and immunological biomarker activity data in the third quarter of 2023. Based on enrollment rates and duration of follow-up in Cohort 2, the Company expects to present top line data for overall survival in this Cohort, a key clinical endpoint of interest to regulatory bodies in this patient population, in the second quarter of 2024.

CAN-2409 is an investigational off-the-shelf viral immunotherapy designed to induce an individualized, systemic immune response against the patient’s specific tumor. CAN-2409 plus valacyclovir in combination with continued PD-(L)1 inhibitors is being evaluated in an ongoing, open-label phase 2 clinical trial (NCT04495153) in patients with non-resectable, stage III/IV NSCLC and an inadequate response to ICI treatment.

Can-Fite to Submit IND for the Treatment of Pancreatic Cancer Patients with Namodenoson

On June 13, 2023 Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CANF), a biotechnology company advancing a pipeline of proprietary small molecule drugs that address oncology, inflammatory, and liver diseases, reported that it is doing all the preparatory work for an FDA Investigational New Drug (IND) submission for the treatment of pancreatic carcinoma with Namodenoson (Press release, Can-Fite BioPharma, JUN 13, 2023, View Source [SID1234632649]).

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Pre-clinical studies demonstrate a robust dose dependent anti-proliferative effect of Namodenoson on pancreatic carcinoma cells originating from both male and female patients, reaching 90% growth inhibition.

An open-label Phase 2 exploratory trial to assess the safety and efficacy of Namodenoson in the treatment of patients with pancreatic cancer who have received at least one previous systemic therapy will be initiated. The study will enroll patients in Israel at the Rabin Medical Center and will be conducted by Dr. Salomon Stemmer, an oncology key opinion leader and Professor at the Institute of Oncology, Rabin Medical Center, Israel. Patients will receive Namodenoson at a dose of 25 mg orally, twice daily. Study endpoints will include safety, objective response, progression-free survival, duration of response, disease control (defined as an objective response or stable disease), and overall survival.

The IND submission will cross reference all the data previously shared with the FDA related to the development of Namodenoson for the treatment of advanced liver cancer. Can-Fite is currently enrolling patients in a pivotal Phase 3 study in hepatocellular carcinoma, in agreement with both the FDA and the European Medicines Agency (EMA).

"We are making progress towards Namodenoson’s first clinical trial in pancreatic carcinoma. Once this study is underway, Can-Fite’s pipeline will include two oncology indications with Namodenoson in clinical trials. We hope our oral anti-cancer drug, with its good safety and robust anticancer effect, will help and support patients with this devastating disease," stated Can-Fite CEO Dr. Pnina Fishman.

The highest incidence rates for pancreatic cancer are in Asia, Europe, and North America. According to the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper), in 2020, an estimated 496,000 people were diagnosed with pancreatic cancer globally and an estimated 466,000 died from the disease. The 5-year survival rate for people with pancreatic cancer in the U.S. is 11%. Acumen Research estimates the global pancreatic cancer therapeutics market was valued at approximately $3.6 billion in 2021 and is projected to grow to approximately $6.6 billion by 2030.

About Namodenoson

Namodenoson was evaluated in Phase 2 trials for two indications, as a second line treatment for hepatocellular carcinoma (HCC), and as a treatment for non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis (NASH). It is currently in a Phase 2b trial for NASH, a pivotal Phase 3 for HCC, and is headed into a Phase 2a for pancreatic cancer. Namodenoson is a small orally bioavailable drug that binds with high affinity and selectivity to the A3 adenosine receptor (A3AR). A3AR is highly expressed in diseased cells whereas low expression is found in normal cells. This differential effect accounts for the excellent safety profile of the drug.

Bicycle Therapeutics to Participate in the TD Cowen Radiopharmaceutical Innovation Summit

On June 13, 2023 Bicycle Therapeutics plc (NASDAQ:BCYC), a biotechnology company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle) technology, reported that management will participate in a fireside chat at the TD Cowen Radiopharmaceutical Innovation Summit on June 20th, 2023 at 12:30 p.m. ET (Press release, Bicycle Therapeutics, JUN 13, 2023, View Source [SID1234632647]). The conference will be held in a virtual meeting format.

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A live webcast of the fireside chat will be accessible in the Investors & Media section of Bicycle’s website at www.bicycletherapeutics.com. An archived replay of the webcast will be available for 90 days following the fireside chat date.

Aravive Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)

On June 13, 2023 Aravive, Inc. (Nasdaq: ARAV, "the Company"), a late clinical-stage oncology company developing targeted therapeutics to treat metastatic disease, reported that in accordance with Nasdaq rules regarding employment inducement awards, the Company has granted an equity compensation award to a new employee (Press release, Aravive, JUN 13, 2023, View Source [SID1234632646]).

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The Compensation Committee of ARAV’s Board of Directors approved the award of options to purchase an aggregate of 40,000 shares of common stock, with a grant date of June 8, 2023 (the "Grant Date"), to the newly hired employee in accordance with Nasdaq Listing Rule 5635(c)(4).

The stock option has an exercise price of $1.71, the closing price of ARAV’s common stock on the Grant Date. The stock option will vest and become exercisable with 25% of the shares underlying the stock option award vesting on the first anniversary of the date of hire and the remaining 75% of the shares subject to the Option will vest in equal monthly installments over the next 36 months of continuous service.

Alligator Bioscience to Host Virtual Key Opinion Leader Event on Mitazalimab Latest Interim Phase 2 Data in 1st Line Metastatic Pancreatic Cancer

On June 13, 2023 Alligator Bioscience (Nasdaq Stockholm: ATORX) reported that it will host a virtual Key Opinion Leader (KOL) event on the interim efficacy data from the OPTIMIZE-1 Phase 2 study evaluating mitazalimab as first-line treatment for pancreatic cancer patients (Press release, Alligator Bioscience, JUN 13, 2023, View Source [SID1234632645]). The webinar will take place on Tuesday, June 27, 2023 at 9:00 AM ET / 3:00 PM CET. To register for the event, please click here.

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The event will feature Dr. Zev Wainberg, Professor of Medicine at University of California, Los Angeles (UCLA) and co-director of the UCLA Gastrointestinal (GI) Oncology Program, who will present the unmet medical need and current treatment landscape for patients suffering from metastatic pancreatic cancer, along with the potential for mitazalimab to provide an effective and safe first-line treatment solution.

Additionally, in a discussion moderated by Alligator Chief Medical Officer Dr. Sumeet Ambarkhane, we will provide insights into the latest interim efficacy readout and survival data from the OPTIMIZE-1 Phase 2 study evaluating CD40 agonist mitazalimab in combination with chemotherapy (mFOLFIRINOX) in 1st line metastatic pancreatic cancer.

As a reminder, the latest interim data analysis published on January 2nd showed encouraging outcomes for pancreatic cancer patients treated with mitazalimab combined with chemotherapy, achieving 52% Objective Response Rate (ORR) and Disease Control Rate (DCR) of >90%.

A live question and answer session will follow the formal presentations.