European Medicines Agency Accepts Astellas’ Marketing Authorization Application for Zolbetuximab

On July 13, 2023 Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") reported that the European Medicines Agency (EMA) has accepted for regulatory review the company’s marketing authorization application (MAA) for zolbetuximab, a first-in-class investigational Claudin 18.2 (CLDN18.2)-targeted monoclonal antibody, for first-line treatment of patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma whose tumors are CLDN18.2-positive (Press release, Astellas, JUL 13, 2023, View Source [SID1234633216]). If approved, zolbetuximab would be the first CLDN18.2-targeted therapy available in Europe for these patients.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Gastric cancer accounted for 3.1% of all new cancer cases in Europe in 2020, with around 136,000 new cases diagnosed.1 The average five-year survival rate for patients with gastric cancer in Europe is 26% across all stages.2

"Patients with gastric cancer in Europe face extremely low five-year survival rates regardless of their disease stage, and innovative therapies that extend survival are needed," said Moitreyee Chatterjee-Kishore, PhD, MBA, Senior Vice President and Head of Immuno-Oncology Development, Astellas. "The EMA’s acceptance of the zolbetuximab MAA continues a cascade of regulatory milestones for Astellas that are aimed at bringing a new option to patients with advanced gastric and GEJ cancer."

The MAA is based on results from the Phase 3 SPOTLIGHT and GLOW clinical trials. The SPOTLIGHT study evaluated zolbetuximab plus mFOLFOX6 (a combination regimen that includes oxaliplatin, leucovorin and fluorouracil) compared to placebo plus mFOLFOX6. The GLOW study evaluated zolbetuximab plus CAPOX (a combination chemotherapy regimen that includes capecitabine and oxaliplatin) compared to placebo plus CAPOX.

In both SPOTLIGHT and GLOW, approximately 38% of patients screened for the trials had tumors that were CLDN18.2-positive (≥75% of tumor cells with moderate-to-strong membranous CLDN18 staining intensity), as determined by a validated immunohistochemistry assay.3,4

The anticipated recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the EMA regarding the MAA and subsequent European Commission (EC) decision are expected in calendar year 2024.

Astellas has already reflected the impact from this acceptance in its financial forecast of the current fiscal year ending March 31, 2024.

About Locally Advanced Unresectable or Metastatic Gastric and Gastroesophageal Junction Cancer
Gastric cancer, also commonly known as stomach cancer, is the fifth most commonly diagnosed cancer worldwide.5 Gastric cancer accounted for 3.1% of all new cancer cases in Europe in 2020, with around 136,000 new cases diagnosed.1 The average five-year survival rate for patients with gastric cancer in Europe is 26% across all stages.2 Signs and symptoms can include indigestion or heartburn, pain or discomfort in the abdomen, nausea and vomiting, diarrhea or constipation, bloating of the stomach after meals, loss of appetite, and sensation of food getting stuck in the throat while eating.6 Signs of more advanced gastric cancer can include unexplained weight loss, weakness and fatigue and vomiting blood or having blood in the stool.7 Risk factors associated with gastric cancer can include older age, male gender, family history, H. pylori infection, smoking and gastroesophageal reflux disease (GERD).6,8 Because early-stage gastric cancer symptoms frequently overlap with more common stomach-related conditions, gastric cancer is often diagnosed in the advanced or metastatic stage, or once it has spread from the tumor’s origin to other body tissues or organs.6 The five-year relative survival rate for patients at the metastatic stage is 6.6%.9 Gastroesophageal junction (GEJ) adenocarcinoma is a cancer that starts at the area where the esophagus joins the stomach.10

About Zolbetuximab
Zolbetuximab is an investigational, first-in-class chimeric IgG1 monoclonal antibody (mAb) that targets and binds to Claudin 18.2 (CLDN18.2), a transmembrane protein. Zolbetuximab acts by binding to CLDN18.2 on the cancer cell surface of gastric epithelial cells. In pre-clinical studies, this binding interaction then induces cancer cell death by activating two distinct immune system pathways — antibody-dependent cellular cytotoxicity (ADCC) and complement-dependent cytotoxicity (CDC).11 Zolbetuximab has not been approved by any regulatory bodies for the treatment of patients with gastric and GEJ cancers, and there is no guarantee the agent will receive regulatory approval or become commercially available for the uses being investigated.

INVESTIGATIONAL STUDIES

About SPOTLIGHT Phase 3 Clinical Trial
SPOTLIGHT is a Phase 3, global, multi-center, double-blind, randomized study, assessing the efficacy and safety of zolbetuximab (IMAB362) plus mFOLFOX6 (a combination regimen that includes oxaliplatin, leucovorin and fluorouracil) compared to placebo plus mFOLFOX6 as a first-line treatment in patients with locally advanced unresectable or metastatic HER2-negative gastric or GEJ adenocarcinoma whose tumors were CLDN18.2-positive. The study enrolled 565 patients at 215 study locations in the U.S., Canada, United Kingdom, Australia, Europe, South America and Asia. The primary endpoint is progression-free survival (PFS) in participants treated with the combination of zolbetuximab plus mFOLFOX6 compared to those treated with placebo plus mFOLFOX6. Secondary endpoints include overall survival (OS), objective response rate (ORR), duration of response (DOR), safety and tolerability and quality-of-life parameters.

Data from the SPOTLIGHT clinical trial were presented during the 2023 American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Gastrointestinal (GI) Cancers Symposium in an oral presentation on January 19 and were subsequently published in The Lancet on April 14.3

For more information, please visit clinicaltrials.gov under Identifier NCT03504397.

About GLOW Phase 3 Clinical Trial
GLOW is a Phase 3, global, multi-center, double-blind, randomized study, assessing the efficacy and safety of zolbetuximab (IMAB362) plus CAPOX (a combination chemotherapy regimen that includes capecitabine and oxaliplatin) compared to placebo plus CAPOX as a first-line treatment in patients with locally advanced unresectable or metastatic HER2-negative gastric or GEJ adenocarcinoma whose tumors were CLDN18.2-positive. The study enrolled 507 patients at 166 study locations in the U.S., Canada, United Kingdom, Europe, South America and Asia. The primary endpoint is PFS in participants treated with the combination of zolbetuximab plus CAPOX compared to those treated with placebo plus CAPOX. Secondary endpoints include OS, ORR, DOR, safety and tolerability and quality-of-life parameters.

Data from the GLOW study were initially presented at the March 2023 American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Plenary Series with an updated oral presentation at the 2023 ASCO (Free ASCO Whitepaper) Annual Meeting on June 3.4

For more information, please visit clinicaltrials.gov under Identifier NCT03653507.

Investigational Pipeline in CLDN18.2
An expanded Phase 2 trial in metastatic pancreatic adenocarcinoma is in progress. The trial is a randomized, multi-center, open-label study, evaluating the safety and efficacy of investigational zolbetuximab in combination with gemcitabine plus nab-paclitaxel as a first-line treatment in patients with metastatic pancreatic adenocarcinoma with CLDN18.2-positive tumors (defined as ≥75% of tumor cells demonstrating moderate-to-strong membranous CLDN18 staining based on a validated immunohistochemistry assay). For more information, please visit clinicaltrials.gov under Identifier NCT03816163.

In addition to zolbetuximab, ASP2138 is under development in our Primary Focus Immuno-Oncology. ASP2138 is a bispecific monoclonal antibody that binds to CD3 and CLDN18.2, and it is currently in a Phase 1 trial for people with gastric, GEJ or pancreatic adenocarcinoma. The safety and efficacy of the agent under investigation have not been established for the uses being considered. For more information, please visit clinicaltrials.gov under Identifier NCT05365581.

There is no guarantee that the agent will receive regulatory approval and become commercially available for the uses being investigated.

Alligator Bioscience AB reports financial results for H1 2023 and Q2 2023 and provides a business update

On July 13, 2023 Alligator Bioscience AB reported financial results for H1 2023 and Q2 2023 and provides a business update (Press release, Alligator Bioscience, JUL 13, 2023, View Source [SID1234633214]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"This quarter Alligator has been strongly pushing ahead with the encouraging clinical development of our lead asset mitazalimab while continuing to lay the groundwork for our forthcoming discussions with regulators in the US and Europe on the optimal path to market. The latest interim analysis from OPTIMIZE-1 demonstrated yet again the potential superior clinical benefit of mitazalimab in combination with chemotherapy in pancreatic cancer compared to the standard of care. The compelling clinical case we are building for mitazalimab was further recognized this quarter with the award of Orphan Drug Designation by the FDA, as well as our presentation of additional data from OPTIMIZE-1 at this year’s prestigious ASCO (Free ASCO Whitepaper) annual meeting. Patient recruitment for the ongoing OPTIMIZE-1 Phase 2 study is now complete and we are eagerly looking forward to the accelerated top-line results at the beginning of next year. We are also extremely pleased to have successfully concluded our preferential rights issue, which will allow us to achieve our next mitazalimab milestones as we continue to build a pancreatic cancer program with the potential to deliver significant value for our company, shareholders and patients."Søren Bregenholt, CEO of Alligator Bioscience

BUSINESS UPDATE
Mitazalimab

On June 27, Alligator hosted a Key Opinion Leader (KOL) webcast entitled "Improving Efficacy and Prolonging Survival in Pancreatic Cancer – A Look into Mitazalimab Interim Data from the OPTIMIZE-1 Phase 2 Study" featuring Dr. Zev Wainberg, Professor of Medicine at University of California, Los Angeles (UCLA) and co-director of the UCLA Gastrointestinal (GI) Oncology Program.

On June 26, Alligator announced the results of the second interim efficacy analysis from the OPTIMIZE-1 Phase 2 study evaluating mitazalimab in combination with mFOLFIRINOX in 1st line pancreatic cancer. The continued follow-up on the futility analysis cohort (23 patients) showed a deepening of tumor responses and an increase in the Objective Response Rate to 57% (from 52%). The interim ORR of 44% in the full OPTIMIZE-1 cohort (57 patients) confirms the benefit of mitazalimab added to mFOLFIRINOX. The median Duration of Response of 8.7 months compares favorably with 5.9[1] months reported with FOLFIRINOX in a similar patient population.

On June 5, Alligator presented an abstract at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting in Chicago, entitled "Efficacy and Safety of mitazalimab in combination with mFOLFIRINOX in patients with metastatic pancreatic ductal adenocarcinoma (mPDAC): an interim analysis of the OPTIMIZE phase 1b/2 study".
On May 18, the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation (ODD) to mitazalimab for the treatment of pancreatic cancer, qualifying Alligator for various incentives, including potentially seven years of market exclusivity after regulatory approval in the US.

On April 27, Alligator and Amphera announced the successful dosing of the last patient in the REACTIVE-2 Phase 1 study evaluating mitazalimab in combination with MesoPher in patients with metastatic pancreatic cancer.
On April 12, Alligator announced the completion of patient enrolment in the OPTIMIZE-1 Phase 2 study ahead of schedule and confirmed that top-line data are expected early Q1 2024.

On April 3, Alligator announced that the FDA had cleared the company’s Investigational New Drug (IND) application, allowing Alligator to initiate the OPTIMIZE-2 Phase 2 study to evaluate the safety and efficacy of mitazalimab in combination with a PD-1 inhibitor in urothelial carcinoma. Alligator expects OPTIMIZE-2 to begin in H1 2024.
Preferential Rights Issue

On May 17, Alligator announced it will receive SEK 181 million in gross proceeds from the Preferential Rights Issue approved at the Extraordinary General Meeting held on April 24, in accordance with the proposal by the Board of Directors.
Exercise of development option by Orion

On May 11, Alligator announced that its partner Orion had exercised an option to develop bispecific antibodies under their initial research collaboration and license agreement entered into in 2021. This option exercise triggers the payment of an undisclosed milestone to Alligator.
ATOR-4066

On April 17, Alligator Principal Scientist Anette Sundstedt presented a poster entitled "ATOR-4066, a Neo-X-PrimeTM bispecific antibody targeting CD40 and CEA, activates myeloid cells in primary human tumors in vitro and induces anti-tumor immunity in vivo" at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) Annual Meeting in Orlando, Florida.
FINANCIAL SUMMARY FOR Q2 2023 and H1 2023
The financial summaries for the quarterly periods ending June 30th, 2023 and June 30th, 2022 are presented below.

All amounts in MSEK,
unless specified April – June 2023 April – June 2022
Net Sales 17.4 5.2
Operating profit/loss -63.7 -45.9
Profit/loss for the period -63.7 -45.7
Earnings per share (SEK)
before and after dilution -0.19 -0.21
Cash Flow 115.6 -41.7
Cash & Cash Equivalents 160.6 192.9

The financial summaries for the half-yearly periods ending June 30th, 2023 and June 30th, 2022 are presented below.

All amounts in MSEK,
unless specified January – June 2023 January – June 2022
Net Sales 27 10.5
Operating profit/loss -125.9 -88.9
Profit/loss for the period -126.3 -88.8
Earnings per share (SEK)
before and after dilution -0.46 -0.40
Cash Flow 63.4 -85.5
Cash & Cash Equivalents 160.6 192.9
The full report is attached as a PDF, and is also available on the company’s website: View Source

Alligator will host a conference call today at 4 p.m. CEST/ 10 a.m. ET for investors, analysts and media, where CEO Søren Bregenholt, CFO Marie Svensson, and CMO Sumeet Ambarkhane will present and comment on the Q2 interim report, which will be followed by a Q&A session. The call will be held in English.

The livestream call can be accessed through Alligator’s channels on LinkedIn or YouTube.

Agios to Webcast Conference Call of Second Quarter 2023 Financial Results on Aug. 3, 2023

On July 13, 2023 Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in the field of cellular metabolism pioneering therapies for rare diseases, reported that the company will host a conference call and live webcast on Thursday, Aug. 3, 2023, at 8:00 a.m. ET to report its second quarter 2023 financial results and other business highlights (Press release, Agios Pharmaceuticals, JUL 13, 2023, https://investor.agios.com/news-releases/news-release-details/agios-webcast-conference-call-second-quarter-2023-financial [SID1234633212]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

A live webcast of the presentation can be accessed under "Events & Presentations" in the Investors section of the company’s website at www.agios.com. A replay of the webcast will be archived on the company’s website for at least two weeks following the presentation.

New key publication about drug development landscape for cancer bone metastasis

On July 12, 2023 OncoBone Ventures reported its founders participated in writing a newly published invited review article for the Journal Frontiers in Immunology (Press release, OncoBone Ventures, JUL 12, 2023, View Source [SID1234636481]). The publication titled ‘Insights into immuno-oncology drug development landscape with focus on bone metastasis’ provides a comprehensive review of the competitive drug development landscape for bone metastasis.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The full publication can be found from the following link: Kähkönen et al., Frontiers in Immunology, Vol 14, 2023.

Tiina Kähkönen, CSO of OncoBone Ventures and the lead author of the publication says: ‘It was a great pleasure to be invited to contribute a publication in Frontiers in Immunology. By using a sophisticated drug development database we were able to provide for the first time a comprehensive analysis of the drug development landscape for bone metastasis. This information is very important not only for OncoBone Ventures, but also globally for researchers working in the bone metastasis field.’

Recursion Announces Collaboration and $50 Million Investment from NVIDIA to Accelerate Groundbreaking Foundation Models in AI-Enabled Drug Discovery

On July 12, 2023 Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, reported a $50 million investment by NVIDIA, which was executed as a private investment in public equity (PIPE) (Press release, Recursion Pharmaceuticals, JUL 12, 2023, View Source [SID1234635362]). Recursion also announced plans to accelerate development of its AI foundation models for biology and chemistry, which, in collaboration with NVIDIA, it intends to optimize and distribute to biotechnology companies using NVIDIA cloud services.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"Our collaboration with NVIDIA represents two best-in-class companies coming together to help solve one of the world’s most difficult challenges, drug discovery," said Chris Gibson, Ph.D., Co-founder and CEO of Recursion. "With our powerful dataset and NVIDIA’s accelerated computing capabilities, we intend to create groundbreaking foundation models in biology and chemistry at a scale unlike anything that has ever been released in the biological space."

Recursion plans to utilize its vast proprietary biological and chemical dataset, which exceeds 23 petabytes and 3 trillion searchable gene and compound relationships, to accelerate the training of foundation models on NVIDIA DGX Cloud for possible commercial license/release on BioNeMo, NVIDIA’s cloud service for generative AI in drug discovery. NVIDIA will also help optimize and scale Recursion foundation models leveraging the NVIDIA AI stack and NVIDIA’s full-stack computing expertise. BioNeMo was announced earlier this year as a cloud service for generative AI in drug discovery, offering tools to quickly customize and deploy domain-specific, state-of-the-art biomolecular models at-scale through cloud APIs. Recursion anticipates using this software to support its internal pipeline as well as its current and future partners.

"Generative AI is a revolutionary tool to discover new medicines and treatments," said Jensen Huang, founder and CEO of NVIDIA. "We are delighted to collaborate with Recursion’s world-class team, which is doing pioneering work in digital biology and chemistry with NVIDIA DGX and NVIDIA AI software to accelerate the development of the world’s largest biomolecular generative AI models and speed drug discovery for biotech and pharmaceutical companies."

Recursion, through its recent acquisition of Valence Discovery, aims to accelerate the development of new technologies to feed the biopharma industry, while simultaneously democratizing access to large-scale models that have maximum impact in drug discovery.