Bicycle Therapeutics Announces Pricing of $200 Million Public Offering of American Depositary Shares and Non-Voting Ordinary Shares7/13/2023

On July 12, 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 the pricing of an underwritten public offering of 9,411,766 American Depositary Shares ("ADSs"), each representing one ordinary share and, in lieu of ADSs to investors that so choose, non-voting ordinary shares, each at a price to the public of $21.25 per share, for gross proceeds of approximately $200.0 million (Press release, Bicycle Therapeutics, JUL 12, 2023, View Source [SID1234633195]). In addition, Bicycle has granted the underwriters in the offering a 30-day option to purchase up to 1,411,764 additional ADSs at the public offering price. The offering is expected to close on or about July 17, 2023, subject to customary closing conditions.

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Bicycle plans to use the net proceeds from the offering to fund the continued development of its proprietary pipeline and for other research and development, as well as for general corporate purposes.

Goldman Sachs & Co. LLC, Jefferies and Leerink Partners are acting as joint book-running managers for the offering.

The offering is being made pursuant to a "shelf" registration statement on Form S-3ASR that was filed by Bicycle with the Securities and Exchange Commission ("SEC") and automatically became effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement, final prospectus supplement and accompanying prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or by email at [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, or by email at [email protected]; or SVB Securities LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by telephone at (800) 808-7525, ext. 6105, or by email at [email protected].

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

BeiGene Announces FDA Acceptance of sNDA for Fifth BRUKINSA® Indication

On July 12, 2023 BeiGene (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global biotechnology company, reported the U.S. Food and Drug Administration (FDA) has accepted for review the Company’s supplemental new drug application (sNDA) for BRUKINSA (zanubrutinib) in combination with obinutuzumab for the treatment of adult patients with relapsed or refractory (R/R) follicular lymphoma (FL) after at least two prior lines of therapy (Press release, BeiGene, JUL 12, 2023, View Source [SID1234633194]). BRUKINSA was previously granted Fast Track and Orphan designation for this indication. The FDA has assigned a target action date in the first quarter of 2024, under the Prescription Drug User Fee Act.

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Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology at BeiGene commented that BRUKINSA is the first Bruton’s tyrosine kinase inhibitor to demonstrate efficacy in follicular lymphoma and BeiGene plans to continue worldwide regulatory submissions based on the ROSEWOOD results (Photo: Business Wire)
Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology at BeiGene commented that BRUKINSA is the first Bruton’s tyrosine kinase inhibitor to demonstrate efficacy in follicular lymphoma and BeiGene plans to continue worldwide regulatory submissions based on the ROSEWOOD results (Photo: Business Wire)

"Follicular lymphoma is the most common slow-growing non-Hodgkin lymphoma, but there are limited treatment options for patients whose condition has progressed after two lines of therapy. We are therefore pleased that BRUKINSA is the first Bruton’s tyrosine kinase inhibitor to demonstrate efficacy in follicular lymphoma and plan to continue worldwide regulatory submissions based on the ROSEWOOD results," said Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology. "Importantly, we are grateful to the people living with relapsed or refractory follicular lymphoma who chose to participate in the ROSEWOOD study."

The sNDA filing in FL is based on results from the Phase 2 ROSEWOOD study (NCT03332017) that included 217 patients with pre-treated R/R non-Hodgkin FL (145 receiving BRUKINSA plus obinutuzumab and 72 patients receiving obinutuzumab monotherapy). In the primary ROSEWOOD analysis at a median follow-up of 12.5 months, BRUKINSA plus obinutuzumab demonstrated superior efficacy to obinutuzumab monotherapy with a 68.3% overall response rate (ORR) versus 45.8% respectively (p = 0.0017). Responses were durable with 18-month landmark duration of response (DOR) of 69.3%.

Safety results from the ROSEWOOD study were consistent with previous studies of both medicines. The most common treatment emergent adverse events reported in the primary analysis for the combination arm compared with the obinutuzumab alone arm were diarrhea (18.2% vs 16.9%), fatigue (15.4% vs 14.1%), and pyrexia (13.3% vs 19.7%).i

Longer-term data included in the sNDA demonstrated the efficacy benefit for BRUKINSA plus obinutuzumab persisted at a median follow-up of 20.2 months, with an ORR of 69.0% versus 45.8% for obinutuzumab monotherapy (p = 0.0012). Additionally, the combination of BRUKINSA and obinutuzumab reduced the risk of disease progression or death by 50% compared with obinutuzumab alone (HR 0.50; 95% CI 0.33-0.75).ii

BeiGene currently has submissions for BRUKINSA in R/R FL under review by regulatory authorities in the European Union and China. BeiGene’s submission for BRUKINSA in R/R FL is under review by regulatory authorities in Canada, Switzerland, and the United Kingdom as part of the Access Consortium New Active Substance Work-sharing Initiative.

BRUKINSA is approved in more than 65 markets including the U.S., China, European Union, Great Britain, Canada, Australia, South Korea, and Switzerland in selected indications and under development for additional approvals globally. The product information may differ from country to country. Prescribers should consult the product information approved in their respective country. The global BRUKINSA development program includes more than 4,900 subjects enrolled to-date in 29 countries and regions.

About ROSEWOOD

ROSEWOOD is a randomized, open-label, Phase 2 study comparing BRUKINSA plus obinutuzumab to obinutuzumab alone in patients with R/R FL who have received two or more lines of therapy. The primary endpoint was ORR assessed by independent central review (ICR) according to the Lugano classification. Select secondary endpoints include investigator-assessed ORR, ICR-reviewed and investigator-assessed DOR and progression-free survival, overall survival, and analysis of safety.

About BRUKINSA (zanubrutinib)

BRUKINSA is a small molecule inhibitor of Bruton’s tyrosine kinase (BTK) discovered by BeiGene scientists that is currently being evaluated globally in a broad clinical program as a monotherapy and in combination with other therapies to treat various B-cell malignancies. Because new BTK is continuously synthesized, BRUKINSA was specifically designed to deliver complete and sustained inhibition of the BTK protein by optimizing bioavailability, half-life, and selectivity. With differentiated pharmacokinetics compared to other approved BTK inhibitors, BRUKINSA has been demonstrated to inhibit the proliferation of malignant B cells within a number of disease relevant tissues.

IMPORTANT U.S. INDICATIONS AND SAFETY INFORMATION FOR BRUKINSA (ZANUBRUTINIB)

Indications

BRUKINSA is a kinase inhibitor indicated for the treatment of adult patients with:

Chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL)
Waldenström’s macroglobulinemia (WM)
Mantle cell lymphoma (MCL) who have received at least one prior therapy
Relapsed or refractory marginal zone lymphoma (MZL) who have received at least one anti-CD20-based regimen
The MCL and MZL indications are approved under accelerated approval based on overall response rate. Continued approval for these indications may be contingent upon verification and description of clinical benefit in confirmatory trials.

Warnings and Precautions

Hemorrhage

Fatal and serious hemorrhage has occurred in patients with hematological malignancies treated with BRUKINSA monotherapy. Grade 3 or higher hemorrhage, including intracranial and gastrointestinal hemorrhage, hematuria and hemothorax have been reported in 3.6% of patients treated with BRUKINSA monotherapy in clinical trials, with fatalities occurring in 0.3% of patients. Bleeding of any grade, excluding purpura and petechiae, occurred in 30% of patients.

Bleeding has occurred in patients with and without concomitant antiplatelet or anticoagulation therapy. Coadministration of BRUKINSA with antiplatelet or anticoagulant medications may further increase the risk of hemorrhage.

Monitor for signs and symptoms of bleeding. Discontinue BRUKINSA if intracranial hemorrhage of any grade occurs. Consider the benefit-risk of withholding BRUKINSA for 3-7 days pre- and post-surgery depending upon the type of surgery and the risk of bleeding.

Infections

Fatal and serious infections (including bacterial, viral, or fungal infections) and opportunistic infections have occurred in patients with hematological malignancies treated with BRUKINSA monotherapy. Grade 3 or higher infections occurred in 24% of patients, most commonly pneumonia (11%), with fatal infections occurring in 2.9% of patients. Infections due to hepatitis B virus (HBV) reactivation have occurred.

Consider prophylaxis for herpes simplex virus, pneumocystis jirovecii pneumonia, and other infections according to standard of care in patients who are at increased risk for infections. Monitor and evaluate patients for fever or other signs and symptoms of infection and treat appropriately.

Cytopenias

Grade 3 or 4 cytopenias, including neutropenia (22%), thrombocytopenia (8%) and anemia (7%) based on laboratory measurements, developed in patients treated with BRUKINSA monotherapy. Grade 4 neutropenia occurred in 11% of patients, and Grade 4 thrombocytopenia occurred in 2.8% of patients.

Monitor complete blood counts regularly during treatment and interrupt treatment, reduce the dose, or discontinue treatment as warranted. Treat using growth factor or transfusions, as needed.

Second Primary Malignancies

Second primary malignancies, including non-skin carcinoma, have occurred in 13% of patients treated with BRUKINSA monotherapy. The most frequent second primary malignancy was non-melanoma skin cancer reported in 7% of patients. Other second primary malignancies included malignant solid tumors (5%), melanoma (1.2%), and hematologic malignancies (0.5%). Advise patients to use sun protection and monitor patients for the development of second primary malignancies.

Cardiac Arrhythmias

Serious cardiac arrhythmias have occurred in patients treated with BRUKINSA. Atrial fibrillation and atrial flutter were reported in 3.7% of 1550 patients treated with BRUKINSA monotherapy, including Grade 3 or higher cases in 1.7% of patients. Patients with cardiac risk factors, hypertension, and acute infections may be at increased risk. Grade 3 or higher ventricular arrhythmias were reported in 0.2% of patients.

Monitor for signs and symptoms of cardiac arrhythmias (e.g., palpitations, dizziness, syncope, dyspnea, chest discomfort), manage appropriately, and consider the risks and benefits of continued BRUKINSA treatment.

Embryo-Fetal Toxicity

Based on findings in animals, BRUKINSA can cause fetal harm when administered to a pregnant woman. Administration of zanubrutinib to pregnant rats during the period of organogenesis caused embryo-fetal toxicity, including malformations at exposures that were 5 times higher than those reported in patients at the recommended dose of 160 mg twice daily. Advise women to avoid becoming pregnant while taking BRUKINSA and for 1 week after the last dose. Advise men to avoid fathering a child during treatment and for 1 week after the last dose. If this drug is used during pregnancy, or if the patient becomes pregnant while taking this drug, the patient should be apprised of the potential hazard to a fetus.

Adverse Reactions

In this pooled safety population, the most common adverse reactions, including laboratory abnormalities, in ≥30% of patients who received BRUKINSA (N=1550) included decreased neutrophil count (42%), upper respiratory tract infection (39%), decreased platelet count (34%), hemorrhage (30%), and musculoskeletal pain (30%).

Drug Interactions

CYP3A Inhibitors: When BRUKINSA is co-administered with a strong CYP3A inhibitor, reduce BRUKINSA dose to 80 mg once daily. For coadministration with a moderate CYP3A inhibitor, reduce BRUKINSA dose to 80 mg twice daily.

CYP3A Inducers: Avoid coadministration with strong or moderate CYP3A inducers. Dose adjustment may be recommended with moderate CYP3A inducers.

Specific Populations

Hepatic Impairment: The recommended dose of BRUKINSA for patients with severe hepatic impairment is 80 mg orally twice daily.

Please see full U.S. Prescribing Information at www.beigene.com/PDF/BRUKINSAUSPI.pdf and Patient Information at www.beigene.com/PDF/BRUKINSAUSPPI.pdf

Akoya to Report Second Quarter 2023 Financial Results on August 7th, 2023

On July 12, 2023 Akoya Biosciences, Inc. (Nasdaq: AKYA) ("Akoya"), The Spatial Biology Company, reported that it will release financial results for the second quarter of 2023 after the market close on Monday, August 7th, 2023 (Press release, Akoya Biosciences, JUL 12, 2023, View Source [SID1234633189]). Company management will host a conference call to discuss financial results at 5:00 p.m. ET.

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Investors interested in listening to the conference call are required to register online. It is recommended to register at least a day in advance. A live and archived webcast of the event will be available on the "Investors" section of the Akoya website at View Source

60% OF PATIENTS SHOW IMPROVEMENT IN FIBROSIS IN PHARMAXIS MYELOFIBROSIS PHASE 2 CANCER TRIAL

On July 12, 2023 Pharmaxis Ltd (ASX: PXS) reported details of a final interim analysis of data from 10 patients who have completed 6 months’ treatment with PXS‐5505 in an open label phase 2 clinical trial in patients with the bone marrow cancer myelofibrosis (Press release, Pharmaxis, JUL 12, 2023, View Source;utm_campaign=Final%20set%20of%20interim%20data%20from%20PXS-5505%20trial%20in%20patients%20with%20MF&utm_content=Final%20set%20of%20interim%20data%20from%20PXS-5505%20trial%20in%20patients%20with%20MF+CID_f4f969d97c9cee20a80ec95d7772c8bb&utm_source=Campaign%20Monitor&utm_term=View%20Full%20Media%20Release [SID1234633179]). The phase 2 trial known as MF‐101 aims to demonstrate that PXS‐5505, an inhibitor of all lysyl oxidase enzymes (LOX), is safe and effective as a monotherapy in myelofibrosis patients who are intolerant, unresponsive or ineligible for treatment with approved JAK inhibitor drugs. These patients have very limited treatment options and a life expectancy of approximately 1 year1.

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A total of 21 patients have been enrolled in the cohort expansion phase of the study with 10 patients having completed 24 weeks of treatment. PXS‐5505 has shown to be well tolerated, with no serious treatment related adverse events reported, and has promising signs of clinical efficacy including improved symptom scores, stable or improved hematological parameters and reduced bone marrow fibrosis. 10 patients have dropped out of the study due to a lack of clinical response or adverse events unrelated to the drug.

Of the 10 patients completing 6 months treatment:
 5/9 evaluable patients2 had improved bone marrow fibrosis scores of ≥1 grade with 4 out of 5 fibrosis responders demonstrating stable hematological parameters and 3 out of 5 patients reporting symptomatic improvement

 4 had an improvement in symptom score of >20%

 7 had stable/improved hemoglobin (Hb) counts

 8 had stable/improved platelet counts of which 3 patients had Grade 4 (potentially life‐ threatening) thrombocytopenia at baseline

 No spleen volume response (SVR35) was identified

Dr. Lucia Masarova, Assistant Professor, Department of Leukemia at MD Anderson Cancer Center, Houston said, "PXS‐5505 continues to show not only an excellent safety profile but also promising clinical activity. The effect on bone marrow fibrosis is particularly exciting for a disease like myelofibrosis, where despite numerous years of research, we do not have any effective anti‐fibrotic drugs. It is encouraging to see that majority of 10 patients who completed 24 weeks of therapy also had improvements of symptoms and more importantly, stable or improved blood counts; including in those patients with severe thrombocytopenia.

"These results support plans to continue clinical investigation of the agent, including combinations with JAK inhibitors where the lack of overlapping hematological toxicity would make PXS‐5505 an ideal add‐on candidate."

The final results from this cohort will be submitted for presentation at the American Society of Haematology conference later this year. "Pharmaxis is the only company with pan‐LOX inhibitors in clinical development," said Pharmaxis CEO Mr Gary Phillips.

"The results from this trial with an oral LOX inhibitor showing significant improvements in fibrosis grade in bone marrow biopsies corroborate the findings of the trial of our topical LOX inhibitor in established skin scars where we saw a 30% reduction in collagen in skin biopsies after only 3 months treatment. Further to the published pre‐clinical research showing disease modification in several different indications, this is a mechanism which is now proven to be anti‐fibrotic in patients."

Mr Phillips continued, "The excellent safety profile of PXS‐5505 makes it an ideal candidate to combine with JAK inhibitors, the current standard of care in myelofibrosis. We anticipate that the impact on bone marrow fibrosis and other clinical parameters from the antifibrotic and intracellular effects of LOX inhibition should lead to improved outcomes for patients. We look forward to FDA feedback on our protocol and expect to start recruitment of this next cohort later this year."

Pharmaxis will host an investor briefing at 11.00am today, 12 July 2023, to discuss the interim data. Join the briefing at View Source;erS0mNkhUJfjiITg.

A recording will be uploaded to the Pharmaxis Investor Centre after the call at View Source;centre/investor‐briefing/.

1stOncology/BioSeeker Group and OncoBone Announce the Publication of Latest Insights into Immuno-Oncology Drug Development Landscape with Focus on Bone Metastasis

Stockholm, Sweden & Turku, FinlandJuly 11, 2023 – 1stOncology/BioSeeker Group AB, a top 10 global pharma analytic provider, and OncoBone Ltd, a specialist in oncology and bone diseases, jointly announce the publication of “Insights into immuno-oncology drug development landscape with focus on bone metastasis” in the journal Frontiers in Immunology (Impact Factor 7.3).

This peer-reviewed article provides important timely insights to new and emerging immunotherapies with evidence for effects on bone metastases. Bone is among the main sites of metastasis in breast, prostate and other major cancers. However, bone metastases remain incurable causing high mortality, severe skeletal-related effects and decreased quality of life.

In order to provide an insight into the current immuno-oncology drug development landscape, 1stOncology, an award-winning cancer drug development resource, was used to identify 24 novel immunotherapies in preclinical or clinical development for breast and prostate cancer with data available on bone metastasis.

We have previously performed searches for clinical studies including patients with bone metastases in immunotherapy trials and have concluded that the number of peer-reviewed publications in this area is very low” said Dr. Tiina Kähkönen, Chief Scientific Officer at OncoBone

“… considering the importance of this topic and knowing there are opportunities in development, we turned to an expanded data search using 1stOncology for finding therapies with data available for bone metastasis from more abundant information sources such as news, patents and meeting abstracts that include the latest published data available with a dramatic difference in the number of search results” Dr. Kähkönen added.

This review summarizes data available for the 24 identified novel immunotherapies. The data reveals how bone metastases can be approached using different modalities and the tumor microenvironment in bone provides many potential targets in immune, bone and tumor cells. Three of the identified therapies were considered to be especially promising as their targets are related to tumor growing in bone metastatic microenvironment and their clinical evaluation followed outcomes in bone metastatic patients with relevant outcome measurements.

Considering that bone metastases are a high unmet medical need, it is surprising how few relevant studies finally address the efficacy of novel therapies on bone metastases either in preclinical or clinical studies” said Dr. Jussi Halleen, Chief Executive Officer at OncoBone.

We are very pleased to see that 1stOncology could be such a substantial resource to dramatically improve the identification of immuno-oncology drug development related to bone metastasis and so rapidly provide the necessary data for this timely and very up to date publication” said Dr. Ronnie Andersson, Chief Scientific Officer at 1stOncology/BioSeeker Group.

With the recent emergence of osteoimmuno-oncology (OIO), a concept that emphasizes the significance of interactions between tumor, immune and bone cells in promoting tumor growth in bone metastasis, more therapeutic opportunities that primarily target bone metastasis are expected in the future.

The Frontiers in Immunology paper is titled “Insights into immuno-oncology drug development landscape with focus on bone metastasis” and can be accessed here.

About 1stOncology

1stOncology™ is an award-winning, market leading drug intelligence solution driving discovery of new opportunities in cancer drug development. Our mission is to deliver a superior intelligence service to cancer drug stakeholders and to make 1stOncology the go-to solution for those who are serious about their investment in oncology.

For more information about 1stOncology, visit https://www.1stoncology.com/awards

About BioSeeker Group

BioSeeker Group, founded in 1999 with offices in both Europe (Stockholm, Sweden) and the US (Boston, MA), helps stakeholders in cancer drug development and cancer care achieve excellence in drug development and treatment acumen through expert network (KOLs), data integration and technology solutions (artificial intelligence/machine learning) in our award-winning 1stOncology platform. For more information, please visit https://www.bioseeker.com

About OncoBone

OncoBone offers scientific expertise to pharmaceutical and biotech industry and their service providers globally, with key areas of operations in oncology and bone diseases, and bone metastasis as a unique field of expertise. For more information, please visit https://oncobone.com/


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