2seventy bio to Participate in Upcoming Investor Conference

On June 7, 2023 2seventy bio, Inc. (Nasdaq: TSVT), a leading immuno-oncology cell therapy company, reported that members of the management team will participate in a fireside chat at the upcoming Goldman Sachs 44th Annual Global Healthcare Conference on Wednesday, June 14, 2023 at 6:20pm ET in Dana Point, CA (Press release, 2seventy bio, JUN 7, 2023, View Source [SID1234632548]).

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A live webcast will be available via the Investors and Media section of 2seventy bio’s website at View Source A replay will be archived on 2seventy bio’s site for 30 days following the event.

The first phase of the domestic Phase II clinical trial of the new anti-cancer drug AST-3424 of Aixindawei completed the preset target ahead of schedule

On June 6, 2023 Shenzhen Aixindawei Pharmaceutical Technology Co., Ltd. (hereinafter referred to as "Aixindawei" or "the Company") reported that the company’s independently developed broad-spectrum targeted small molecule anti-cancer new drug AST-3424 has achieved the preset goals of the first phase of the Phase II clinical trial ahead of schedule and officially entered the second phase (Press release, Ascentawits Pharmaceuticals, JUN 6, 2023, View Source [SID1234650305]). This is another important milestone for Aixindawei after completing the Phase I clinical study of AST-3424 .

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Dr. Duan Jianxin, Chairman of Aixindawei, said: "After central imaging evaluation, the first stage of Phase II reached the preset goal ahead of schedule and entered the second stage. There are obvious clinical benefits for patients with specific gene mutations. We hope that AST-3424 can become the first precise targeted drug for liver cancer and bring hope to liver cancer patients around the world."

About AST-3424

AST-3424 is an innovative small molecule conjugate drug. After entering tumor cells overexpressing the AKR1C3 enzyme, it can be highly selectively activated by the AKR1C3 enzyme to release effective drugs and achieve precise killing of tumor cells. In the Phase I clinical study of solid tumors, AST-3424 showed good safety and tolerability. With the further development of subsequent clinical trials, the company will combine the companion diagnostic kit developed independently to achieve precise treatment of patients with different AKR1C3 expression levels.

First patient dosed in Phase I clinical trial of FTL001

On June 6, 2023, Sound Biopharmaceuticals reported that the Phase I clinical study of the company’s independently developed second-generation 4-1BB target agonist FTL001 monoclonal antibody injection successfully completed the enrollment and dosing of the first patient at the Affiliated Cancer Hospital of Chongqing University (Press release, Sound Biopharmaceuticals, JUN 6, 2023, View Source [SID1234645030]).

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This study is an open, multi-center, multi-cohort Phase I clinical study designed to evaluate the safety, tolerability, pharmacokinetics/pharmacodynamics and preliminary efficacy of FTL001 in subjects with advanced recurrent metastatic and refractory solid tumors. The clinical trial will be conducted simultaneously in multiple clinical research centers in China.

"We are very pleased to have successfully dosed the first patient of FTL001, which represents a major milestone in the clinical trial of Feitong Bio." Dr. Li Qing, founder and CEO of Feitong Bio, said: "Feitong Bio is committed to unmet clinical needs, and FTL001 is one of the key drugs in our product pipeline for malignant tumors. Through in-depth research on the mechanism of action of 4-1BB, we have developed a series of monoclonal antibody and bispecific antibody products around this target. The first patient dosing of FTL001 is undoubtedly a solid step for us to meet the needs of patients. Feitong Bio is full of confidence in the potential of the 4-1BB target, and will make every effort to efficiently promote the clinical progress of this project, bring substantial clinical benefits to patients with malignant tumors, and open up a new path for tumor immunotherapy."

▶ About F TL001 ◀

4-1BB (CD137), as a T cell co-stimulatory immune checkpoint molecule, is one of the most promising drug targets among members of the tumor necrosis factor receptor superfamily (TNFRSF). FTL001 is the world’s first clinical-stage epitope-specific 4-1BB humanized monoclonal antibody drug, and its binding epitope completely overlaps with the endogenous 4-1BB ligand: it can not only simulate the endogenous ligand to effectively activate T cells and kill tumors in a natural way, but also avoid systemic toxicity caused by excessive activation by blocking the activation amplification effect produced by the ligand, thereby achieving a balance between effectiveness and safety.

▶ About Non-Tong Biology ◀

Feitong Bio is an innovation-driven biopharmaceutical company initiated by a Nobel Prize-winning team, dedicated to the discovery and development of innovative drugs, as well as clinical research and commercialization on a global scale. With its outstanding scientific research and innovative drug development capabilities, the company aims to meet unmet clinical needs, has built various core technology platforms, and established a variety of original biomacromolecule drug product pipelines with great market potential.

TransCode Therapeutics Announces Pricing of $7 Million Public Offering

On June 6, 2023 TransCode Therapeutics, Inc. (Nasdaq: RNAZ) (the "Company"), an RNA oncology company committed to more effectively treating cancer using RNA therapeutics, reported the pricing of its public offering of an aggregate of 2,000,000 shares of its common stock (or common stock equivalents), together with accompanying common stock warrants, at a public offering price of $3.50 per share (or common stock equivalent) and accompanying warrants (Press release, TransCode Therapeutics, JUN 6, 2023, View Source [SID1234632594]). Each share of common stock (or common stock equivalent) is being offered in the offering together with a Series A-1 warrant to purchase one share of common stock at an exercise price of $3.25 per share and a Series A-2 warrant to purchase one share of common stock at an exercise price of $3.25 per share. The Series A-1 warrants will be exercisable immediately and will expire three years from the date of issuance, and the Series A-2 warrants will be exercisable immediately and will expire three years from the date of issuance. Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be $7 million.

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H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The closing of the offering is expected to occur on or about June 9, 2023, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering, together with its existing funds, for product development activities, including one or more clinical trials with TTX-MC138, its lead therapeutic candidate, including related investigational new drug (IND) enabling studies, for further research and development of our other therapeutic candidates, and for working capital and other general corporate purposes.

The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333-272082), which was declared effective by the Securities and Exchange Commission (the "SEC") on June 6, 2023. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC’s website at View Source and may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Fennec Pharmaceuticals Announces European Commission Marketing Authorization for Pedmarqsi™ (sodium thiosulfate) to Reduce the Risk of Hearing Loss in Pediatric Oncology Patients

On June 6, 2023 Fennec Pharmaceuticals Inc. (NASDAQ: FENC; TSX: FRX), a commercial stage specialty pharmaceutical company, reported Pedmarqsi– known as PEDMARK in the U.S. – was granted marketing authorization by the European Commission (Press release, Fennec Pharmaceuticals, JUN 6, 2023, View Source [SID1234632560]). Pedmarqsi is the first and only approved therapy in the EU for the prevention of ototoxicity (hearing loss) induced by cisplatin chemotherapy in patients 1 month to <18 years of age with localised, non-metastatic, solid tumors. Further, Pedmarqsi was granted the marketing authorization under the paediatric-use marketing authorization (PUMA) which includes 8 years plus 2 years of data and market protection.

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"Today’s approval by the European Commission for Pedmarqsi to help reduce the risk of hearing loss is critical for the approximately four thousand children treated with cisplatin for solid tumors that have not spread," said Rosty Raykov, chief executive officer of Fennec Pharmaceuticals. "Fennec is proud to bring this safe and effective therapy to the marketplace to mitigate the risk of permanent and irreversible bilateral hearing loss which occurs in approximately 60 percent of children treated with cisplatin and can be as high as 90 percent.i We look forward to making this important treatment available to the pediatric oncology community in the EU as soon as possible."

The European Commission granted marketing authorization approval to Pedmarqsi following the adoption of a positive opinion by the Committee for Medicinal Products for Human Use (CHMP) earlier this year. The CHMP’s decision was based on safety and efficacy data from two pivotal open-label, randomized Phase 3 trials (SIOPEL 6 and Clinical Oncology Group [COG] Protocol ACCL0431), which compared Pedmarqsi plus cisplatin-based regimen to cisplatin-based regimens alone for the reduction of cisplatin-induced hearing loss in pediatric patients.

The marketing authorization is applicable to all 27 European Union member states, as well as Iceland, Norway and Liechtenstein. PEDMARK was approved by the U.S. Food and Drug Administration (FDA) in September 2022.

About Cisplatin-Induced Ototoxicity

Cisplatin and other platinum compounds are essential chemotherapeutic agents for the treatment of many pediatric malignancies. Unfortunately, platinum-based therapies can cause ototoxicity, or hearing loss, which is permanent, irreversible, and particularly harmful to the survivors of pediatric cancer.ii

The incidence of ototoxicity depends upon the dose and duration of chemotherapy, and many of these children require lifelong hearing aids or cochlear implants, which can be helpful for some, but do not reverse the hearing loss and can be costly over time.iii Infants and young children that are affected by ototoxicity at critical stages of development lack speech and language development and literacy, and older children and adolescents often lack social-emotional development and educational achievement.iv

PEDMARK (sodium thiosulfate)

PEDMARK is the first and only U.S. Food and Drug Administration (FDA) approved therapy indicated to reduce the risk of ototoxicity associated with cisplatin treatment in pediatric patients with localized, non-metastatic, solid tumors. It is a unique formulation of sodium thiosulfate in single-dose, ready-to-use vials for intravenous use in pediatric patients.7 PEDMARK is also the only therapeutic agent with proven efficacy and safety data with an established dosing paradigm, across two open-label, randomized Phase 3 clinical studies, the Clinical Oncology Group (COG) Protocol ACCL0431 and SIOPEL 6.

In the U.S. and Europe, it is estimated that, annually, more than 10,000 children may receive platinum-based chemotherapy. The incidence of ototoxicity depends upon the dose and duration of chemotherapy, and many of these children require lifelong hearing aids. There is currently no established preventive agent for this hearing loss and only expensive, technically difficult, and sub-optimal cochlear (inner ear) implants have been shown to provide some benefit. Infants and young children that suffer ototoxicity at critical stages of development lack speech language development and literacy, and older children and adolescents lack social-emotional development and educational achievement.

PEDMARK has been studied by co-operative groups in two Phase 3 clinical studies of survival and reduction of ototoxicity, COG ACCL0431 and SIOPEL 6. Both studies have been completed. The COG ACCL0431 protocol enrolled childhood cancers typically treated with intensive cisplatin therapy for localized and disseminated disease, including newly diagnosed hepatoblastoma, germ cell tumor, osteosarcoma, neuroblastoma, medulloblastoma, and other solid tumors. SIOPEL 6 enrolled only hepatoblastoma patients with localized tumors.

Indications and Usage

PEDMARK (sodium thiosulfate injection) is indicated to reduce the risk of ototoxicity associated with cisplatin in pediatric patients 1 month of age and older with localized, non-metastatic solid tumors.

Limitations of Use

The safety and efficacy of PEDMARK have not been established when administered following cisplatin infusions longer than 6 hours. PEDMARK may not reduce the risk of ototoxicity when administered following longer cisplatin infusions, because irreversible ototoxicity may have already occurred.

Important Safety Information

PEDMARK is contraindicated in patients with history of a severe hypersensitivity to sodium thiosulfate or any of its components.

Hypersensitivity reactions occurred in 8% to 13% of patients in clinical trials. Monitor patients for hypersensitivity reactions. Immediately discontinue PEDMARK and institute appropriate care if a hypersensitivity reaction occurs. Administer antihistamines or glucocorticoids (if appropriate) before each subsequent administration of PEDMARK. PEDMARK may contain sodium sulfite; patients with sulfite sensitivity may have hypersensitivity reactions, including anaphylactic symptoms and life-threatening or severe asthma episodes. Sulfite sensitivity is seen more frequently in people with asthma.

PEDMARK is not indicated for use in pediatric patients less than 1 month of age due to the increased risk of hypernatremia or in pediatric patients with metastatic cancers.

Hypernatremia occurred in 12% to 26% of patients in clinical trials, including a single Grade 3 case. Hypokalemia occurred in 15% to 27% of patients in clinical trials, with Grade 3 or 4 occurring in 9% to 27% of patients. Monitor serum sodium and potassium levels at baseline and as clinically indicated. Withhold PEDMARK in patients with baseline serum sodium greater than 145 mmol/L.

Monitor for signs and symptoms of hypernatremia and hypokalemia more closely if the glomerular filtration rate (GFR) falls below 60 mL/min/1.73m2.

Administer antiemetics prior to each PEDMARK administration. Provide additional antiemetics and supportive care as appropriate.

The most common adverse reactions (≥25% with difference between arms of >5% compared to cisplatin alone) in SIOPEL 6 were vomiting, nausea, decreased hemoglobin, and hypernatremia. The most common adverse reaction (≥25% with difference between arms of >5% compared to cisplatin alone) in COG ACCL0431 was hypokalemia.

Please see full Prescribing Information for PEDMARK at: www.PEDMARK.com.