Olema Oncology Announces Combined Financing for Up to $180 Million

On September 5, 2023 Olema Pharmaceuticals, Inc. ("Olema", "Olema Oncology", Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted therapies for women’s cancers, reported that it has entered into a stock purchase agreement for a private placement of approximately $130 million of common stock (the "Private Placement") to selected institutional and accredited investors, as well as a new senior secured credit facility with an aggregate principal amount of up to $50 million (the "Credit Facility") (Press release, Olema Oncology, SEP 5, 2023, View Source [SID1234634904]). The Private Placement is expected to close on September 12, 2023, subject to customary closing conditions.

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The Private Placement was led by Paradigm BioCapital Advisors, with participation by Lightspeed Venture Partners, Deep Track Capital, BVF Partners L.P., Cormorant Asset Management, Vivo Capital, Logos Capital, and Woodline Partners LP. Pursuant to the terms of the stock purchase agreement, Olema will issue 13,211,382 shares of common stock at a purchase price of $9.84 per share, for gross proceeds of approximately $130 million, before deducting offering expenses. The Private Placement is being conducted in accordance with applicable Nasdaq rules and was priced using the average closing price of Olema’s common stock for the five trading days ended September 1, 2023.

The Credit Facility is provided by Silicon Valley Bank, a division of First-Citizens Bank & Trust Company ("SVB"), and is a four-year senior secured credit facility with an aggregate principal amount of up to $50 million, of which $25 million will be available upon the closing of the Private Placement ("Closing"), and the remaining $25 million may be made available upon approval by SVB in its discretion. The Company does not anticipate drawing on the Credit Facility at Closing.

"We are very pleased to announce this combined equity and debt financing." said Sean P. Bohen, M.D., Ph.D., President and Chief Executive Officer of Olema Oncology. "With the support of both existing and new equity investors as well as SVB, we are now well positioned to execute on our planned monotherapy pivotal Phase 3 trial, OPERA-01, which we expect to initiate in the fourth quarter of this year."

Olema intends to use the net proceeds from the proposed financing to fund research and development of palazestrant (OP-1250) and other ongoing research programs, and for working capital and general corporate purposes. The proceeds from these financings, combined with current cash, cash equivalents and marketable securities, is expected to be sufficient to fund the current operating plan into 2027.

The securities described above have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state’s securities laws, and are being issued and sold pursuant to an exemption from registration provided for under the Securities Act. Accordingly, these securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Olema has agreed to file a registration statement with the U.S. Securities and Exchange Commission (the "SEC") registering the resale of the shares of common stock issued and sold in the Private Placement. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.

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

NUCLIDIUM to Present Data from Three Clinical-Ready Precision Oncology Programs at the 36th Annual EANM Congress

On September 5, 2023 NUCLIDIUM reported the presentation of pre-clinical and clinical translation data from three of the company’s precision oncology programs targeting epithelial tumours (KaliosTM), neuroendocrine tumours (TraceNETTM) and prostate cancer (NuriProTM) at the upcoming 36th Annual Congress of the European Association of Nuclear Medicine (EANM), 09-13 September 2023 (Press release, NUCLIDIUM, SEP 5, 2023, View Source [SID1234634903]). The full pre-clinical data packages demonstrate the company’s progress in the selection of diagnostic lead candidates for the KaliosTM and NuriProTM programs, as well as the successful establishment of a clinical-scale production process for the diagnostic component of its TraceNETTM program. The data, presented in two oral presentations and a poster presentation, support the advancement of these three programs into clinical translation. The programs are part of NUCLIDIUM’s comprehensive pipeline of copper-based radiotheranostics based on its flexible CuTraceTM platform.

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"More than 50% of cancer patients are misdiagnosed which significantly impacts their survival chances. We aim to address this challenge with our theranostic approach leveraging the advantageous properties of copper isotopes to reduce side effects and increase the precision and efficacy of radiopharmaceuticals. The positive pre-clinical data for the diagnostic candidates from three of our programs and the preparation for clinical translation represent an important step for NUCLIDIUM. Our rapid progress towards clinical evaluation will help us establish a new standard in precision oncology and offer patients better access to highly effective and safe diagnostics and treatment options," said Leila Jaafar, PhD, CEO and Co-Founder of NUCLIDIUM.

Presentation Information:

Oral presentation on the development of diagnostic candidates from the KaliosTM program targeting Fibroblast Activation Protein (FAP)-expressing tumours such as breast and lung cancer

Title: Enhancing the tumor-to-background ratio of FAP-positive PET/CT scans with the novel 61Cu-Kalios derivatives: synthesis, in vitro and in vivo characterization

Session: New Roads Towards FAP-directed Theranostics

Presenter: Jacopo Millul, PhD, Postdoctoral Scientist at University Hospital Basel

Date & Time: September 11th, 3 pm CEST

Summary:
The presentation will detail the development and characterization of a 61Cu-based diagnostic to more efficiently visualize epithelial tumours. These types of tumours make up the majority of all cancer cases and often overexpress Fibroblast Activation Protein (FAP), making FAP a promising target for cancer diagnostics and therapies. The data demonstrate the successful synthesis of four new FAP-targeting ligands with high hydrophilicity and affinity against FAP that were conjugated with 61Cu via the NODAGA chelator. In vivo analyses showed that two of the diagnostic KaliosTM conjugates are particularly promising for delayed time-point imaging, with superior tumour-to-background ratios at 4 hours. To select the best candidate for clinical translation, these two diagnostic KaliosTM conjugates will be directly compared to a 68Ga-based standard FAP-radiodiagnostic.

Oral presentation on NUCLIDIUM’s successfully established 61Cu production and on the labelling method for the diagnostic lead candidate from the TraceNETTM program targeting somatostatin-receptor-expressing neuroendocrine tumours (NETs)

Title: Radiopharmaceutical Production of [61Cu]Cu-NODAGA-LM3 Injection Solution

Session: Efficient Radiolabelling: Key for Clinical Translation

Presenter: Manuel Alejandre-Lafont, PhD, Head QC/QA Radiopharmaceutical Chemistry at University Hospital Basel

Date & Time: September 11th, 4:45 pm CEST

Summary:
The presentation will highlight NUCLIDIUM’s 61Cu production process, which was developed together with the University Hospital Zurich, and the labelling method and clinical transfer for the TraceNETTM lead diagnostic candidate, which was developed at the University Hospital Basel. TraceNETTM is designed to improve the visualization of somatostatin-receptor-expressing neuroendocrine tumours (NETs). The established technology allows to produce 61Cu in high yields and purity in a cyclotron and efficient labelling of the tumour-targeting molecule. Due to its favourable half-life properties, 61Cu enables a wide distribution radius, potentially broadening the patient population that can get access to 61Cu-based radiodiagnostics. The successfully established process enables clinical-scale production of the diagnostic candidate.

Poster presentation on the development and selection of the lead diagnostic candidate from the NuriProTM prostate cancer program

Title: 61Cu-PSMA PET in prostate cancer: development and selection of the first radioligand for clinical translation

Session: New Imaging Agents

Presenter: Prof. Melpomeni Fani, PhD, Division Head Radiopharmaceutical Chemistry at University Hospital Basel

Date & Time: September 13th, 9:45 am CEST

Summary:
The poster presentation will describe the development and lead candidate selection of the NuriProTM program’s 61Cu-based diagnostic to improve the visualization of prostate cancer. Two newly developed 61Cu-based diagnostic conjugates targeting Prostate-Specific Membrane Antigen (PSMA) with either DOTAGA or NODAGA as the chelator were compared preclinically against two currently used standard prostate cancer diagnostics based on 68Ga and 18F, respectively. In these, the NODAGA-conjugated NuriProTM diagnostic candidate exhibited superior biodistribution and pharmacokinetics than the DOTAGA-conjugate. In comparison to the standard diagnostics, the NODAGA-conjugated candidate showed a similar biodistribution but better results for delayed imaging due to improved tumour-to-background ratio in the imaging scan. Based on these findings, the NODAGA-conjugated variant was selected as the lead diagnostic candidate for translation into clinical trials.

Monopar to Participate in the H.C. Wainwright 25th Annual Global Investment Conference

On September 5, 2023 Monopar Therapeutics Inc. (Nasdaq: MNPR), a clinical-stage biopharmaceutical company focused on developing innovative treatments for cancer patients, reported that Chandler D. Robinson, MD, Monopar’s Chief Executive Officer, will present at the H.C. Wainwright 25th Annual Global Investment Conference(Press release, Monopar Therapeutics, SEP 5, 2023, https://ir.monopartx.com/news/detail/77/monopar-to-participate-in-theh-c-wainwright-25th-annual-global-investment-conference [SID1234634902]). The Company’s presentation will be webcast beginning on Monday, September 11, 2023 at 7:00 a.m. ET. In person one-on-one meetings will take place at the Lotte New York Palace, NY, NY from September 11 – 13, 2023.

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Moleculin to Present at the H.C. Wainwright 25th Annual Global Investment Conference

On September 5, 2023 Moleculin Biotech, Inc., (Nasdaq: MBRX) ("Moleculin" or the "Company"), a clinical stage pharmaceutical company with a growing pipeline, including Phase 2 clinical programs, for hard-to-treat tumors and viruses, reported that Walter Klemp, Chairman and Chief Executive Officer of Moleculin will present at the H.C. Wainwright 25th Annual Global Investment Conference being held September 11-13, 2023 in New York, NY and virtually (Press release, Moleculin, SEP 5, 2023, https://moleculin.com/moleculin-to-present-at-the-h-c-wainwright-25th-annual-global-investment-conference/ [SID1234634901]).

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In addition to the presentation, management will be available to participate in virtual one-on-one meetings with qualified members of the investor community who are registered to attend the conference. For more information about the conference, please visit the conference website.

A video webcast of the presentation will be accessible for viewing on-demand beginning on Monday, September 11 at 7:00 AM ET for those registered for the event and will be available on the Events page in the Investors section of the Company’s website (moleculin.com). The webcast replay will be archived for 90 days following the event.

Long-Term Follow-up Data on Sustained Immunogenicity and Safety for GARDASIL®9 Published in Pediatrics

On September 5, 2023 Merck (NYSE: MRK), known as MSD outside of the United States and Canada, reported new, 10-year long-term follow-up (LTFU) data published in the peer reviewed journal, Pediatrics, for girls and boys who received a three-dose regimen of GARDASIL9 (Human Papillomavirus 9-valent Vaccine, Recombinant) at 9-15 years old (Press release, Merck & Co, SEP 5, 2023, View Source [SID1234634900]). The LTFU study was conducted from 2009 through 2021 across 13 countries and five continents.

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"These data highlight the importance of GARDASIL 9 in prevention of certain HPV-related cancers and diseases later in life," said Dr. Eliav Barr, senior vice president, head of global clinical development and chief medical officer, Merck Research Laboratories. "HPV-related cancers and diseases are a significant public health issue. These strong study results serve as a reminder that we need to do everything we can to expand and recover vaccination rates globally to help protect all eligible people from certain HPV-related cancers."

In the U.S., GARDASIL 9 is indicated for use in females 9 through 45 years of age for the prevention of cervical, vulvar, vaginal, anal, oropharyngeal and other head and neck cancers caused by HPV Types 16, 18, 31, 33, 45, 52, and 58; cervical, vulvar, vaginal, and anal precancerous or dysplastic lesions caused by HPV Types 6, 11, 16, 18, 31, 33, 45, 52, and 58; and genital warts caused by HPV Types 6 and 11. GARDASIL 9 is also indicated for use in males 9 through 45 years of age for the prevention of anal, oropharyngeal and other head and neck cancers caused by HPV Types 16, 18, 31, 33, 45, 52, and 58; anal precancerous or dysplastic lesions caused by HPV Types 6, 11, 16, 18, 31, 33, 45, 52, and 58; and genital warts caused by HPV Types 6 and 11. The oropharyngeal and head and neck cancer indication is approved under accelerated approval based on effectiveness in preventing HPV-related anogenital disease. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial. The confirmatory trial is ongoing. GARDASIL 9 is contraindicated in individuals with hypersensitivity, including severe allergic reactions to yeast, or after a previous dose of GARDASIL 9 or GARDASIL [Human Papillomavirus Quadrivalent (Types 6, 11, 16, and 18) Vaccine, Recombinant].

GARDASIL 9 targets HPV types that cause approximately 80% of cervical cancers. Additionally, HPV is responsible for causing genital warts and certain types of vulvar, vaginal, and anal cancers. For most people, HPV clears on its own, but for those who don’t clear the virus it could lead to certain cancers and other diseases.

As part of the primary objective of immunogenicity, data showed sustained HPV-antibody responses at 10 years after the third dose in boys and girls. Across GARDASIL 9-targeted HPV types, antibody assessments evaluated through geometric mean titers peaked at Month 7 and decreased thereafter through 126 months. The vast majority of study participants remained seropositive at the end of the study period; 99.6% to 100% of study participants were seropositive for the targeted HPV types at Month 7 based on HPV-9 competitive Luminex immunoassay (cLIA), and 81.3% to 97.7% remained seropositive at Month 126 depending on the HPV type. Based on the HPV-9 immunoglobulin G Luminex immunoassay (IgG-LIA), 94.9% to 100% of participants were seropositive at Month 126.

In accordance with the study’s secondary objective, incidence of persistent infection and disease related to vaccine-targeted HPV types was assessed in the per-protocol population in both female and male participants. Female participants were followed up to 11.0 years post the third dose (median 10.0 years), and male participants were followed up to 10.6 years post the third dose (median 9.9 years).

Among girls, there were no cases of vaccine-targeted HPV type high-grade disease – cervical intraepithelial neoplasia (CIN) 2/3, adenocarcinoma in-situ (AIS), vulval intraepithelial neoplasia (VIN), vaginal intraepithelial neoplasia (VaIN) – certain cancers (cervical, vulvar, vaginal), or external genital warts observed;
One case of CIN1 tested positive for HPV 16, 39 and 59 was observed at Month 84. Cervical cytology results were negative at subsequent visits;
In boys, there were no cases of vaccine-targeted HPV type disease (penile intraepithelial neoplasia (PIN)), certain studied cancers (penile, perineal, perianal) or external genital warts observed. GARDASIL 9 is not approved for the prevention of HPV-related PIN, penile, perineal or perianal cancers.
No GARDASIL 9-related serious adverse events or deaths were reported throughout the LTFU study. The most common reasons for discontinuations from the LTFU study were due to participant withdrawal or loss to follow-up.

HPV will infect most sexually active males and females in their lifetime. For most people, HPV clears on its own, but for those who don’t clear the virus it could lead to certain cancers and other diseases. In the United States, the CDC estimated that tens of thousands of people were diagnosed with certain HPV-related cancers each year from 2015-2019. And worldwide, cervical cancer is the fourth most common cancer in women. There is no way to know which people who have HPV will develop cancer or other health problems. With the exception of cervical cancer, there is no routinely recommended screening for the detection of HPV-related cancers.

About the study

The Phase 3 immunogenicity study for GARDASIL 9 in boys and girls aged 9–15 years was extended to a LTFU study to assess immunogenicity through 10 years after the last GARDASIL 9 vaccine dose. The LTFU study was conducted at 40 sites across 13 countries: Belgium, Brazil, Colombia, Costa Rica, Peru, Poland, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand and USA. There were 1,272 participants (971 girls, 301 boys) enrolled in the LTFU study. Analysis of the per-protocol population included 872 girls and 262 boys who completed the GARDASIL 9 vaccination series within one year, were seronegative to the relevant HPV type at initiation of the vaccination series and had not initiated sexual activity prior to receiving the third dose of GARDASIL 9.

The primary objective of the LTFU study was to evaluate anti-HPV 6, 11, 16, 18, 31, 33, 45, 52 and 58 antibody responses through 10 years post the third dose of GARDASIL 9. Secondary objectives were to estimate the long-term incidence of the composite endpoint of HPV 6, 11, 16, 18, 31, 33, 45, 52 and 58-related persistent infection (≥6 months duration ±1 month visit window) and disease. Safety assessments during the LTFU study included reporting of all deaths and vaccine-related serious adverse events.

Indication for GARDASIL 9

GARDASIL 9 is a vaccine indicated in females 9 through 45 years of age for the prevention of cervical, vulvar, vaginal, anal, oropharyngeal and other head and neck cancers caused by human papillomavirus (HPV) Types 16, 18, 31, 33, 45, 52, and 58; cervical, vulvar, vaginal, and anal precancerous or dysplastic lesions caused by HPV Types 6, 11, 16, 18, 31, 33, 45, 52, and 58; and genital warts caused by HPV Types 6 and 11.

GARDASIL 9 is indicated in males 9 through 45 years of age for the prevention of anal, oropharyngeal and other head and neck cancers caused by HPV Types 16, 18, 31, 33, 45, 52, and 58; anal precancerous or dysplastic lesions caused by HPV Types 6, 11, 16, 18, 31, 33, 45, 52, and 58; and genital warts caused by HPV Types 6 and 11.

The oropharyngeal and head and neck cancer indication is approved under accelerated approval based on effectiveness in preventing HPV-related anogenital disease. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.

GARDASIL 9 does not eliminate the necessity for vaccine recipients to undergo screening for cervical, vulvar, vaginal, anal, oropharyngeal and other head and neck cancers as recommended by a health care provider.

GARDASIL 9 has not been demonstrated to provide protection against diseases caused by:

HPV types not covered by the vaccine
HPV types to which a person has previously been exposed through sexual activity
Not all vulvar, vaginal, anal, oropharyngeal and other head and neck cancers are caused by HPV, and GARDASIL 9 protects only against those vulvar, vaginal, anal, oropharyngeal and other head and neck cancers caused by HPV Types 16, 18, 31, 33, 45, 52, and 58.

GARDASIL 9 is not a treatment for external genital lesions; cervical, vulvar, vaginal, anal, oropharyngeal and other head and neck cancers; or cervical intraepithelial neoplasia (CIN), vulvar intraepithelial neoplasia (VIN), vaginal intraepithelial neoplasia (VaIN), or anal intraepithelial neoplasia (AIN).

Vaccination with GARDASIL 9 may not result in protection in all vaccine recipients.

Select Safety Information

GARDASIL 9 is contraindicated in individuals with hypersensitivity, including severe allergic reactions to yeast, or after a previous dose of GARDASIL 9 or GARDASIL [Human Papillomavirus Quadrivalent (Types 6, 11, 16, and 18) Vaccine, Recombinant].

Because vaccines may develop syncope, sometimes resulting in falling with injury, observation for 15 minutes after administration is recommended. Syncope, sometimes associated with tonic-clonic movements and other seizure-like activity, has been reported following HPV vaccination. When syncope is associated with tonic-clonic movements, the activity is usually transient and typically responds to restoring cerebral perfusion.

Safety and effectiveness of GARDASIL 9 have not been established in pregnant women.

The most common (≥10%) local and systemic adverse reactions in females were injection-site pain, swelling, erythema, and headache. The most common (≥10%) local and systemic reactions in males were injection-site pain, swelling, and erythema.

The duration of immunity of a 2-dose schedule of GARDASIL 9 has not been established.

Dosage and Administration

GARDASIL 9 should be administered intramuscularly in the deltoid or anterolateral area of the thigh.

For individuals 9 through 14 years of age, GARDASIL 9 can be administered using a 2-dose or 3-dose schedule. For the 2-dose schedule, the second dose should be administered 6–12 months after the first dose. If the second dose is administered less than 5 months after the first dose, a third dose should be given at least 4 months after the second dose. For the 3-dose schedule, GARDASIL 9 should be administered at 0, 2 months, and 6 months.
For individuals 15 through 45 years of age, GARDASIL 9 is administered using a 3-dose schedule at 0, 2 months, and 6 months.