European Commission Approves Menarini Group’s ORSERDU® (Elacestrant) for the Treatment of Patients with ER+, HER2- Locally Advanced or Metastatic Breast Cancer with an Activating ESR1 Mutation

On September 20, 2023 The Menarini Group ("Menarini"), a leading international pharmaceutical and diagnostics company, and Stemline Therapeutics Inc. ("Stemline"), a wholly-owned subsidiary of the Menarini Group, reported that the European Commission has approved ORSERDU (elacestrant) as a monotherapy for the treatment of postmenopausal women, and men, with estrogen receptor (ER)–positive, HER2-negative, locally advanced or metastatic breast cancer (mBC) with an activating ESR1 mutation who have disease progression following at least one line of endocrine therapy including a CDK 4/6 inhibitor (Press release, Menarini, SEP 20, 2023, View Source;locally-advanced-or-metastatic-breast-cancer-with-an-activating-esr1-mutation-301933626.html [SID1234635290]).

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 European Commission’s approval follows the positive opinion of the Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA), which was issued in July 2023. With this approval, ORSERDU is the first and only therapy specifically indicated for the treatment of ER+, HER2- tumors that harbor ESR1 mutations. ESR1 mutations are acquired mutations that develop as a result of exposure to endocrine therapy, and they are found in up to 40% of patients with ER+, HER2- mBC. ESR1 mutations are a known driver of resistance to standard endocrine therapy, and until now, the tumors that harbor these mutations have been more difficult to treat.

"We have long known that patients living with metastatic breast cancer need effective and tolerable options which treat their disease while enabling them to focus on the things that matter to them," said Elcin Barker Ergun, CEO of the Menarini Group. "We are proud of delivering a new breast cancer treatment that offers efficacy in a once-daily pill and represents the first innovation in endocrine therapy in nearly two decades; we are also incredibly grateful for the support of the oncology researchers and all the patients who participated in the clinical studies that made today’s achievement possible."

"With a significant number of ER+ HER2- patients ultimately developing ESR1 mutations at some point in their metastatic journey, it is important to test for ESR1 each time an mBC patient experiences disease progression, to understand what is fueling their breast cancer. Today’s approval gives us the first-ever treatment option that directly acts against the very mutations that make this form of breast cancer more difficult to treat, and provides hope to our patients and their families," said Giuseppe Curigliano, MD, PhD, Professor of Medical Oncology at the University of Milano and the Head of the Division of Early Drug Development at the European Institute of Oncology, IRCCS, Italy.

The approval of ORSERDU is supported by data from the Phase 3 EMERALD trial, which demonstrated statistically significant progression-free survival (PFS) with elacestrant versus standard-of-care (SOC), defined as investigator’s choice of an approved endocrine monotherapy. The primary endpoints of the study were PFS in the overall patient population and in patients with ESR1 mutations. In the group of patients whose tumors had ESR1 mutations, elacestrant achieved a median PFS of 3.8 months vs 1.9 months on the SOC, and reduced the risk of progression or death by 45% (PFS HR=0.55, 95% CI: 0.39, 0.77) vs SOC.

A post hoc subgroup analysis of the EMERALD PFS results, which was presented at the San Antonio Breast Cancer Symposium (SABCS) 2022, demonstrated that the duration of prior CDK4/6i treatment was positively associated with longer PFS on elacestrant but not with SOC. For patients with ESR1 mutations who were treated with CDK4/6i for ≥12 months prior to randomization on EMERALD,

elacestrant achieved a median PFS of 8.6 months versus 1.9 months on SOC, with a 59% reduction in the risk of progression or death (HR=0.41 95% CI: 0.26-0.63).³

Safety data were consistent with previously reported results. The most common (≥ 10%) adverse reactions with ORSERDU were nausea, triglycerides increased, cholesterol increased, vomiting, fatigue, dyspepsia, diarrhoea, calcium decreased, back pain, creatinine increased, arthralgia, sodium decreased, constipation, headache, hot flush, abdominal pain, anaemia, potassium decreased, and alanine aminotransferase increased. Important Safety Information for ORSERDU is provided below.

Stemline and its affiliates will commercialize the product within Europe.

About the EMERALD Phase 3 Study (NCT03778931)
The EMERALD Phase 3 trial is a randomized, open label, active-controlled study evaluating elacestrant as second- or third-line monotherapy in ER+, HER2- advanced/metastatic breast cancer patients. The study enrolled 478 patients who had received prior treatment with one or two lines of endocrine therapy, including a CDK4/6 inhibitor. Patients in the study were randomized to receive either elacestrant or the investigator’s choice of an approved hormonal agent. The primary endpoints of the study were progression-free survival (PFS) in the overall patient population and in patients with estrogen receptor 1 gene (ESR1) mutations. In the group of patients whose tumors had ESR1 mutations, elacestrant achieved a median PFS of 3.8 months vs 1.9 months on the SOC, and reduced the risk of progression or death by 45% (PFS HR=0.55, 95% CI: 0.39, 0.77) vs SOC.

About ORSERDU (elacestrant)

Indication: ORSERDU (elacestrant) monotherapy is indicated for the treatment of postmenopausal women, and men, with estrogen receptor (ER)-positive, HER2-negative, locally advanced or metastatic breast cancer with an activating ESR1 mutation who have disease progression following at least one line of endocrine therapy including a CDK 4/6 inhibitor.

Important Safety Information from the ORSERDU SmPC

Hepatic Impairment: Administration of ORSERDU should be undertaken with caution at a dose of 258 mg once daily in patients with moderate hepatic impairment (Child-Pugh B). In the absence of clinical data, ORSERDU is not recommended in patients with severe hepatic impairment (Child-Pugh C).

Concomitant use with CYP3A4 Inducers and/or inhibitors: Concomitant use of strong or moderate CYP3A4 inhibitors with ORSERDU should be avoided. Concomitant use of strong or moderate CYP3A4 inducers with ORSERDU should be avoided.

Thromboembolic events: Thromboembolic events are commonly observed in patients with advanced breast cancer and have been observed in clinical studies with ORSERDU. This should be taken into consideration when prescribing ORSERDU to patients at risk.

Adverse Reactions:

Serious adverse reactions reported in ≥ 1% of patients included nausea, dyspnoea, and thromboembolism (venous).

The most common (≥ 10%) adverse reactions with ORSERDU were nausea, triglycerides increased, cholesterol increased, vomiting, fatigue, dyspepsia, diarrhoea, calcium decreased, back pain, creatinine increased, arthralgia, sodium decreased, constipation, headache, hot flush, abdominal pain, anaemia, potassium decreased, and alanine aminotransferase increased.

The most common Grade ≥3 (≥2%) adverse reactions of elacestrant were nausea (2.7%), AST increased (2.7%), ALT increased (2.3%), anaemia (2%), back pain (2%), and bone pain (2%).

Nausea: Nausea was reported in 35% of patients. Grade 3-4 nausea events were reported in 2.5% of patients. Nausea occurred more frequently in the first cycle and from Cycle 2 onward, the incidence of nausea was generally lower in subsequent cycles (i.e., over time).

Elderly: Gastrointestinal disorders were reported more frequently in patients aged ≥ 75 years.

Fertility, pregnancy, and lactation:

ORSERDU should not be used during pregnancy or in women of childbearing potential not using contraception. Based on the mechanism of action of elacestrant and findings from reproductive toxicity studies in animals, ORSERDU can cause foetal harm when administered to pregnant women. Females of reproductive potential should be advised to use effective contraception during treatment with ORSERDU and for one week after the last dose.

It is recommended that lactating women should not breast-feed during treatment with ORSERDU and one week after the last dose of ORSERDU.

Based on findings from animal studies and its mechanism of action, ORSERDU may impair fertility in females and males of reproductive potential.

Effects on ability to drive and use machines: Fatigue, asthenia, and insomnia have been reported in some patients taking ORSERDU. Caution should be observed by patients who experience those adverse reactions when driving or operating machinery.

The safety and efficacy of ORSERDU in children from birth to 18 years of age has not been established.

To report SUSPECTED ADVERSE REACTIONS: [email protected]

To Report a Product Complaint: [email protected]

To Request Medical Information: [email protected]

Elacestrant is also being investigated in several clinical trials in metastatic breast cancer disease, alone or in combination with other therapies: ELEVATE (NCT05563220); ELECTRA (NCT05386108); and ELCIN (NCT05596409). Elacestrant is also planned to be evaluated in early breast cancer disease.

The Menarini Group obtained global licensing rights for elacestrant in July 2020 from Radius Health, Inc. The Menarini Group is now fully responsible for global registration, commercialization, and further development activities for elacestrant.

Transgene advances its innovative immunotherapy pipeline and extends financial visibility until the end of 2024

On September 20, 2023 Transgene (Euronext Paris: TNG), a biotech company that designs and develops virus-based immunotherapies for the treatment of cancer, reported its financial results for the six-month period ended June 30, 2023, and provides an update on its product pipeline and upcoming plans (Press release, Transgene, SEP 20, 2023, View Source [SID1234635289]).

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!

"My first few months as CEO for Transgene have been busy and have confirmed just how much Transgene is a pioneering, innovative company, able to take advantage of the latest scientific and technological discoveries to offer potential treatments capable of changing the lives of cancer patients" commented Dr. Alessandro Riva, MD, Chairman and CEO of Transgene. "The results we have generated in the first half of 2023 with our therapeutic vaccines and oncolytic viruses show our strong momentum, with further important readouts expected by the end of 2024.

"TG4050 has shown very promising immunological data and is a strong candidate for advancement. We are planning together with our partner NEC to start a randomized Phase II trial in 2024.

"For TG4001 in the treatment of HPV-positive cancers, our current Phase II trial in combination with avelumab is ongoing. Due to the availability of new treatment options, we have seen a slowdown in patient inclusion, and are assessing all options to ensure data read out in 2024. These results will be important in informing our decision on the best path forward.

"With the renewed support of our majority shareholder, Institut Mérieux, we have extended our financial visibility until the end of 2024 to successfully complete these programs and deliver further important readouts on our programs."

Key events and upcoming milestones

Therapeutic cancer vaccines

TG4050: Based on strong immunological data from randomized Phase I trial, Transgene is preparing a randomized Phase II trial in head and neck cancer

New highly promising data were presented on TG4050 at AACR (Free AACR Whitepaper) and ASCO (Free ASCO Whitepaper) 2023 (see poster here). These data show that this individualized neoantigen cancer vaccine can induce strong immune responses, which are expected to result in longer remission periods for patients.

The initial data from the randomized Phase I trial in the adjuvant treatment of head and neck cancer (NCT04183166) showed that all evaluable patients developed a robust and specific immune response against multiple cancer neoantigens (median of 9 positive responses per patient out of approximately 30 targets) after treatment with TG4050 and remained disease-free.

These T-cell responses were observed for class I and class II epitopes, consisting of both de novo responses and amplifications of preexisting responses.

These data suggest that TG4050 can boost the immune system of patients in the absence of pretreatment response and despite a challenging tumor microenvironment at the time of tumor resection.

Transgene hosted a key opinion leader (KOL) event with the participation of Professor Christian Ottensmeier, MD, PhD, FRCP (University of Liverpool, La Jolla Institute for Immunology) who highlighted the unmet medical need in head and neck cancer and the potential of a virus-based immunotherapy such as TG4050.

The last patient has been randomized in the head and neck cancer Phase I study. Transgene and its partner NEC plan to report updated data in H1 2024.

Transgene and NEC intend to start a randomized Phase II trial in the adjuvant setting of head and neck cancer in 2024.

TG4001: Immunological data presented at the ASCO (Free ASCO Whitepaper) 2023 conference

Promising results from the previous Phase I/II trial evaluating TG4001 in combination with an immune checkpoint inhibitor were published in the September 2023 issue of the European Journal of Cancer (View Source). This study showed that TG4001 in combination with avelumab is safe and demonstrated antitumor activity in heavily pretreated HPV16+ cancer patients. It also served as the basis for the ongoing randomized Phase II trial.

Transgene’s ongoing randomized Phase II trial evaluating TG4001 in HPV-positive anogenital cancers is currently enrolling patients. This study compares TG4001 in combination with avelumab vs. avelumab alone (NCT03260023).

New immunological data from TG4001 were presented in a poster at ASCO (Free ASCO Whitepaper) (see poster here).

Key updates on the Phase II trial include:

– The immunological data confirm that TG4001 can induce de novo immune responses against HPV16 antigens E6 and E7 in patients with advanced HPV16-positive anogenital cancers. Patients with complete objective response showed strong vaccine-induced immunoreactivity.

– Over recent months, Transgene has seen a slowdown of patient inclusions in this study following the availability of new treatments options, in particular in cervical cancer. Transgene is assessing all options to ensure data read out in 2024 from the trial as previously communicated.

– Despite the recent availability of new treatment options, there remains a strong medical need in HPV-positive cancers, including cervical cancer. Based on the compelling data generated by TG4001 and the evolving treatment landscape, Transgene is currently in discussion with key stakeholders to define the optimal path forward to continue its development in the most appropriate target patient population.

Oncolytic Viruses

Clinical data presented at AACR (Free AACR Whitepaper) 2023 confirmed the mechanism of action and the safety of our Invir.IO based oncolytic viruses, which offer a key competitive advantage with the ability to be administered intravenously. These findings support the potential of Invir.IO-based oncolytic viruses, which have possible applications in a broad range of solid tumors, via intravenous, locoregional and intratumoral administration.

BT-001: Positive single agent data — Part B of the Phase I trial (combination with pembrolizumab) to start in H2 2023

Transgene and partner BioInvent have communicated positive data from Part A (monotherapy) of the ongoing Phase I trial in May 2023 (NCT04725331). Out of 18 patients who received escalating doses of BT-001, two showed a decrease of injected lesion size of 50% or more, and eleven had a stabilization of the injected lesion. No safety concerns were reported.

Part B of the Phase I trial in combination with pembrolizumab (KEYTRUDA) will include patients in H2 2023. KEYTRUDA is provided by MSD (Merck & Co).

TG6050: First patient treated with novel Invir.IO candidate designed to express IL-12 and anti-CTLA4 antibody and administered intravenously

In May 2023, a first patient was dosed with TG6050, a novel oncolytic virus from the Invir.IO platform. This innovative candidate has been designed to express human IL-12, a cytokine known to trigger a potent antitumor immune response, and an anti-CTLA4 antibody. The Phase I Delivir trial (NCT05788926) is evaluating TG6050 in patients with advanced non-small cell lung cancer who have failed standard therapeutic options. Completion of the trial is expected in H2 2024.

As announced on May 5, 2023, AstraZeneca terminated its oncolytic virus research and development collaboration with Transgene following a strategic review of its pipeline.

New leadership structure appointed to accelerate the development of Transgene’s innovative immunotherapy portfolio

On May 5, 2023, Transgene announced its Board of Directors’ decision to appoint Dr. Alessandro Riva, MD, as the Company’s new Chairman and CEO. Alessandro Riva, who started as new CEO on June 1, 2023, has been the Chairman of the Company’s Board of Directors since May 2022. Dr. Riva has an outstanding track record in the pharmaceutical and biotechnology industry, with responsibility for the approval of personalized oncology treatments in the US and in Europe, in particular CAR-T cell therapies.

In addition, on May 5, 2023, the Combined General Meeting adopted all resolutions recommended by the Board of Directors, including the appointment of Carol Stuckley, MBA, as an independent Director of the Company. Carol Stuckley brings more than 35 years of experience as a strategic and international financial executive, with proven success leading finance teams and creating shareholder value for healthcare companies. Hedi Ben Brahim resigned from the Board of Directors on September 19, 2023.

In March 2023, Transgene appointed Dr. John C. Bell and Dr. Pedro Romero, key opinion leaders in cancer immunotherapy, as key scientific advisors. John C. Bell is an internationally renowned expert in using oncolytic viruses. Pedro Romero is an honorary professor at the University of Lausanne, focusing on tumor immunology and cancer immunotherapy, particularly on the biology and dynamics of cytolytic CD8 T lymphocyte (CTL) responses. He has also been Editor-in-Chief of the Journal for ImmunoTherapy of Cancer.

Key financial elements

The Board of Directors of Transgene met on September 20, 2023, and approved the financial statements for the six-month period ended June 30, 2023. The Statutory Auditors have conducted a limited review of the interim consolidated financial statements.

The half-year financial report is available on Transgene’s website, www.transgene.fr.

Key elements of the income statement

(in thousands of euros)

June 30, 2023

June 30, 2022

Operating income

4,763

6,087

Research and development expenses

(15,569)

(16,974)

General and administrative expenses

(3,251)

(3,944)

Other expenses

(1,276)

(4)

Operating expenses

(20,096)

(20,922)

Operating income/(loss)

(15,333)

(14,835)

Financial income/(loss)

(569)

(444)

Net income/(loss)

(15,902)

(15,279)

Operating income amounted to €4.8 million for the first six months of 2023 compared to €6.1 million for the same period in 2022.

Revenue from research and development collaboration amounted to €1.2 million in the first half of 2023, compared to €2.3 million in the first half of 2022. It came mainly from the collaboration with AstraZeneca. In the first half of 2023, AstraZeneca informed Transgene of its decision to end the collaboration.
The research tax credit amounted to €3.5 million for the first half of 2023, compared to €3.7 million for the first half of 2022.

Research and Development (R&D) expenses amounted to €15.6 million in the first half of 2023 compared to €17.0 million for the same period in 2022.

General and administrative expenses amounted to €3.3 million for the first half of 2023 compared to €3.9 million for the same period in 2022.

Financial income is a loss of €0.6 million in the first half of 2023 compared to a loss of €0.4 million for the same period in 2022.

Net loss amounted to €15.9 million for the first half of 2023 compared to a loss of €15.3 million for the same period in 2022.

Transgene’s cash burn amounted to €19.5 million in the first half of 2023 compared with €6.8 million for the same period in 2022.

As of June 30, 2023, the Company’s cash, cash equivalents and other financial assets amounted to €7.3 million (€26.8 million as of December 31, 2022).

During the reporting period, the Company reached an agreement for the sale of its remaining shares held in Tasly BioPharmaceuticals for a total amount of US$15.3 million (€14 million). The transaction was closed in July 2023 upon receipt of the funds.

Financial visibility extended until the end of 2024

On September 20, 2023, the Company signed a current account advance agreement with Institut Mérieux (TSGH) for a maximum of €36 million. This non-dilutive credit facility extends Transgene’s financial visibility until the end of 2024, enabling the Company to deliver significant news flow on its portfolio in the next 12 months.

The credit facility will have a 24-month term and Transgene will be able to draw on and repay the facility at its discretion.

ORIC Pharmaceuticals to Participate in the 2023 Cantor Global Healthcare Conference

On September 20, 2023 ORIC Pharmaceuticals, Inc. (Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, reported that management will participate in a fireside chat at the 2023 Cantor Global Healthcare Conference on Thursday, September 28, 2023, at 8:00 a.m. ET (Press release, ORIC Pharmaceuticals, SEP 20, 2023, View Source [SID1234635288]).

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 discussion will be available through the investor section of the company’s website at www.oricpharma.com. Replays of the webcast will be available for 90 days following the events.

VerImmune Announces Over $3M Additional Funding

On September 20, 2023 VerImmune Inc. ("VerImmune"), an early-stage biotechnology company specializing in the development of innovative products based on a novel Virus-inspired Particle (ViP) technology platform, reported the securing of an additional $3.125 million from follow-on Seed financing and a partnership milestone payment (Press release, VerImmune, SEP 20, 2023, View Source [SID1234635287]).

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 follow-on financing was led by previous investor, Proxima VC, a specialist seed-to-growth healthcare venture capital firm with participation from other previous investors such as Gaingels, Mana Ventures and others. In addition to this financing, a milestone payment from Fosun Pharma USA was triggered by the successful completion of a process development milestone.

"Receiving this additional $3.125M financing and milestone payment resulting from our successful FDA pre-IND meeting and significant progress on CMC activities is an important step for VerImmune that further strengthens our financial position." said Joshua Wang, Founder and CEO. "We continue to be grateful to our internal team, network of advisors, existing investors, and pharmaceutical partners such as Fosun Pharma USA who believe in our technology platform and therapeutic potential of VERI-101. We intend to capitalize on this momentum and efficiently execute the next stages to enable the filing of an IND for VERI-101."

VerImmune’s primary focus lies in the field of Oncology, wherein the ViP technology enables a pioneering first-in-class cancer immunotherapy approach known as Anti-tumor Immune Redirection (AIR). This innovative method harnesses the body’s pre-existing immune memory from past infections or childhood vaccination to combat cancer. By taking a highly orthogonal approach, VerImmune’s technology holds immense potential to revolutionize the Immuno-Oncology market, offering new treatment possibilities for patients facing limited options or resistance to current cancer therapies.

Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

On September 20, 2023 Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for rare and ultrarare diseases, reported the grant of 33,475 restricted stock units of the company’s common stock to 10 newly hired non-executive officers of the company (Press release, Ultragenyx Pharmaceutical, SEP 20, 2023, View Source [SID1234635286]). The awards were approved by the compensation committee of the company’s board of directors and granted under the Ultragenyx Employment Inducement Plan, with a grant date of September 16, 2023, as an inducement material to the new employees entering into employment with Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).

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 restricted stock units vest over four years, with 25% of the underlying shares vesting on each anniversary of the grant date, subject to the employee being continuously employed by the company as of such vesting dates.