Nuvalent to Participate in the BMO Virtual BioPharma Spotlight Series: Oncology Day

On November 1, 2023 Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, reported that James Porter, Ph.D., Chief Executive Officer, and Alexandra Balcom, Chief Financial Officer, will participate in a fireside chat during the BMO Virtual BioPharma Spotlight Series: Oncology Day on Wednesday, November 8, 2023, at 1:00 p.m. ET (Press release, Nuvalent, NOV 1, 2023, View Source [SID1234636676]).

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A live webcast will be available in the Investors section of the company’s website at www.nuvalent.com, and archived for 30 days following the presentation.

Sapience Therapeutics Announces Poster Presentation with New Clinical Data for ST101 in GBM at the 2023 Society for Neuro-Oncology (SNO) Annual Meeting

On November 1, 2023 Sapience Therapeutics, Inc., a clinical-stage biotechnology company focused on the discovery and development of peptide therapeutics to address oncogenic and immune dysregulation that drive cancer, reported that data from the Phase 2 portion of its Phase 1-2 study of ST101 will be presented at the 2023 Society for Neuro-Oncology (SNO) Annual Meeting, taking place November 15-19, 2023, in Vancouver, Canada (Press release, Sapience Therapeutics, NOV 1, 2023, View Source [SID1234636675]).

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Poster Presentation Details:

Title: "Neoadjuvant treatment with monotherapy ST101, C/EBPβ antagonist, triggers necrosis as a pathological response in newly diagnosed glioblastoma patients. Tissue-based analysis from a surgical window of opportunity clinical trial."
Poster Number: CTNI-44
Date and Time: Friday, November 17, 2023, 7:30 pm – 9:30 pm PT
Presenter: Fabio M. Iwamoto, Division of Neuro-Oncology, New York-Presbyterian/Columbia University Medical Center

More information can be found on the 2023 SNO website.

About ST101

ST101, a first-in-class antagonist of C/EBPβ, is currently being evaluated in the Phase 2 portion of an ongoing Phase 1-2 clinical study in patients with advanced unresectable and metastatic solid tumors (NCT04478279). In the ongoing Phase 2 dose expansion part of the study, ST101 has demonstrated clinical proof-of-concept in recurrent GBM (rGBM) with a mRANO-confirmed partial response and long-lasting stable disease in several additional patients. In the ongoing neo-adjuvant GBM sub-study, ST101 is being evaluated as a monotherapy in rGBM and in combination with radiation and temozolomide in newly diagnosed GBM (ndGBM).

ST101 has been granted Fast Track designation for rGBM from the U.S. FDA and orphan designations for glioma from the U.S. FDA and the European Commission.

Illumina launches advanced liquid biopsy assay to enable comprehensive genomic profiling of solid tumors

On November 1, 2023 Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, reported a new generation of its distributed liquid biopsy assay for genomic profiling (Press release, Illumina, NOV 1, 2023, View Source [SID1234636674]). The new TruSight Oncology 500 ctDNA v2 (TSO 500 ctDNA v2) is a research assay that enables noninvasive comprehensive genomic profiling (CGP) of circulating tumor DNA (ctDNA) from blood when tissue testing is not available, or to complement tissue-based testing.

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Key improvements include a faster sample-to-answer turnaround time of less than four days, higher sensitivity with lower cell-free DNA (cfDNA) input requirements, and a more streamlined workflow, which will be further enabled with automation in the first half of 2024.

"Leading cancer centers are increasingly adopting the use of liquid-biopsy-based CGP, and with the TSO 500 ctDNA v2 assay we’ve aimed to make it easier for customers to integrate and enable deeper insights for cancer research," said Kevin Keegan, general manager of Oncology at Illumina.

Key improvements

Total turnaround time decreased to less than four days. Library preparation has been reduced to a single day, with improved chemistry requiring a single hybridization step, driving total turnaround time down to less than four days. Most ctDNA CGP assays have a turnaround time of one week or more, but in order for biomarker results to be the most valuable, users need insights sooner to better inform precision oncology efforts.
More analytically sensitive assay with decreased input amounts. The assay enables analysis from as little as 5 to 30 nanograms (ng) of cfDNA input. At 20 ng input, it shows more than 95% analytical sensitivity with 99.9995% specificity. At 10 ng input, it shows more than 95% sensitivity for hot-spot mutations with 99.9995% specificity. Improved performance can be attributed to both innovations in chemistry and the advanced variant analysis powered by DRAGEN.
Flexible, streamlined, complete solution. The assay offers broader access to a sample-to-answer distributed solution in both manual and, coming in 2024, automated formats. Workflow improvements reduce hands-on time for library preparation, and automated bioinformatics features further streamline the experience. The assay provides additional flexibility with sequencing compatibility on the NovaSeq 6000 (NovaSeq 6000Dx in research mode and NovaSeq X coming in 2024), as well as local and cloud-based bioinformatics options accommodating the range of institutional preferences.
Nine institutions are participating in Illumina’s global early-access customer program to trial TSO 500 ctDNA v2. Giancarlo Pruneri, professor of Pathology at the University of Milan School of Medicine and chair of the Department of Pathology and Laboratory Medicine at the National Cancer Institute of Milan, noted that preliminary testing of the new version of the TSO500 ctDNA panel in their labs "undoubtedly represented an improvement over the previous version."

"In particular, the optimization of library preparation protocol saves one working day, thus enabling a faster delivery of the molecular analysis," he said, "while the increased assay sensitivity allows the analysis of samples with reduced DNA content (20 ng), potentially broadening the utility of liquid biopsy testing."

Growing evidence on the utility and efficacy of liquid biopsy CGP is leading to its inclusion in recommended professional guidelines in oncology. Most notably, liquid biopsy testing in non-small-cell lung cancer has proven useful when tissue results are either unavailable or delayed. This trend is expected to continue for other solid tumor malignancies, which supports the consideration of broad tumor profiling from cfDNA from blood even before tissue analysis.

"Traditional tissue-based analyses are frequently still limited by tissue availability, often involving costly and invasive biopsy procedures," Pruneri said. "In this context, Illumina’s new panel emerges as a solution to address the dependency on tissue availability."

Expected in the first half of 2024, automation-enabled kits and method for TSO 500 ctDNA v2 will allow laboratories to scale with the growing demand for this technology.

About TruSight Oncology 500 ctDNA v2
TSO 500 ctDNA v2 is a research-use-only comprehensive pan-cancer assay designed to identify 523 known and emerging tumor biomarkers from blood plasma. TSO 500 ctDNA v2 uses cfDNA from liquid biopsy samples to identify key variants critical for cancer development and progression, such as small DNA variants (SVs), copy number variants (CNVs), short and long insertions and deletions (indels), and immuno-oncology gene signatures like tumor mutational burden (bTMB) and microsatellite instability (bMSI). The content and design of this comprehensive liquid biopsy genomic profiling assay are similar to the tissue-based assay TSO 500, offering a portfolio of solutions. Advanced bioinformatics powered by DRAGEN contribute to the performance and flexiblity of the TSO 500 ctDNA v2 solution. To learn more about TSO 500 ctDNA v2, click here.

Peel Therapeutics to Present Data on its TOP1 Inhibitor PEEL-224 at the Connective Tissue Oncology Society Annual Meeting and Society for Immunotherapy of Cancer Annual Meeting

On November 1, 2023 Peel Therapeutics, a clinical stage biotech company developing evolutionary based medicines, reported that it will present data on its lead clinical asset, PEEL-224, at two conferences this week (Press release, PEEL Therapeutics, NOV 1, 2023, View Source [SID1234636673]). PEEL-224 is a small molecule nanoparticle engineered to improve delivery to tumors and avoid chemoresistance. PEEL-224 originates from Camptotheca acuminata, a toxin found in the Happy Tree from China. Camptothecin is a TOP1 inhibitor that interferes with DNA repair and kills damaged cells. Camptothecin has been used for thousands of years in Traditional Chinese medicine and more recently in irinotecan-based chemotherapy for solid tumors in children and adults. PEEL-224’s modified TOP1 inhibitor payload and unique delivery system may offer clinical advantages to patients with solid tumors.

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On Nov. 2, Dr. Robert Maki, medical oncologist at Memorial Sloan Kettering Cancer Center and Interim Medical Director at Peel Therapeutics, will present "An early phase study to evaluate the safety, tolerability, pharmacokinetics, and preliminary antitumor activity of PEEL-224 in patients with advanced solid tumors" during the Trials in Progress Poster Session at the Connective Tissue Oncology Society (CTOS) 2023 Annual Meeting in Dublin, Ireland. Dr. Maki will discuss PEEL-224-001, a first-in-human, dose escalation, repeat-dose, multi-center, open-label study in the United States.

On Nov. 4, Dr. Aleah Caulin, VP of Nonclinical at Peel Therapeutics, will present "100% Complete Response to PEEL-224 in Combination with PD-1 Blockade in a Syngeneic Mouse Model of Colon Cancer" during the poster session at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) Annual Meeting in San Diego. Dr. Caulin will describe the results of combined PEEL-224 and PD-1 blockade in a syngeneic mouse model of colon cancer: Vehicle (0% Complete Response [CR]), PD-1 inhibitor only (30% CR), PEEL-224 only (80% CR), PEEL-224 + PD-1 inhibitor (100% CR). Based on these findings, PEEL-224 combined with immunotherapy may be a promising approach for difficult-to-treat tumors and translation to human clinical trials are being considered.

"As a pediatric oncologist, I understand how important it is to develop drugs like PEEL-224 with the potential for decreased toxicity and increased efficacy," said Dr. Joshua Schiffman, CEO and Co-founder, Peel Therapeutics. "Peel’s clinical trial is approaching what the team believes will be the recommended phase 2 dose with plans for expansion cohorts in GI malignancies and sarcoma. We are pleased by our continued progress and the efforts of our team to test if PEEL-224 will benefit patients in need."

Exact Sciences Announces Third-Quarter 2023 Results

On November 1, 2023 Exact Sciences Corp. (Nasdaq: EXAS), a leading provider of cancer screening and diagnostic tests, reported that the company generated revenue of $628.3 million for the third quarter ended September 30, 2023, compared to $523.1 million for the same period of 2022 (Press release, Exact Sciences, NOV 1, 2023, View Source [SID1234636672]).

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"Exact Sciences’ third-quarter results reflect our unwavering dedication to improving cancer care on a global scale," said Kevin Conroy, chairman and CEO. "Our team delivered answers to more patients than ever before, giving us confidence to raise our full-year revenue and adjusted EBITDA guidance. To achieve our mission to eradicate cancer, we’ll continue to focus on making our current and future tests the top choice for patients and healthcare professionals globally."

Third-quarter 2023 financial results

For the three-month period ended September 30, 2023, as compared to the same period of 2022 (where applicable):

Total revenue was $628.3 million, an increase of 20 percent
Core revenue was $624.8 million, an increase of 23 percent
Screening revenue was $472.0 million, an increase of 31 percent
Precision Oncology revenue was $156.3 million, an increase of 3 percent, or 5 percent on a core revenue basis
Other operating income (loss) was $72.0 million, which includes a gain related to the sale of the Oncotype DX Genomic Prostate Score Test
Gross margin including amortization of acquired intangible assets was 70 percent, and non-GAAP gross margin excluding amortization of acquired intangible assets was 73 percent
Net income was $0.8 million, or $0.00 per basic and diluted share, compared to a net loss of $148.8 million, or $(0.84) per basic and diluted share
EBITDA was $61.2 million and adjusted EBITDA was $56.3 million
Cash provided by operating activities was $24.4 million and free cash flow was $(0.8) million, including a one-time payment of $32.5 million for a previously disclosed and reserved legal matter
Cash, cash equivalents, and marketable securities were $734.4 million at the end of the quarter
Screening primarily includes laboratory service revenue from Cologuard tests and PreventionGenetics. Precision Oncology includes laboratory service revenue from global Oncotype DX and therapy selection tests.

2023 outlook

The company anticipates revenue of $2.476-$2.486 billion during 2023, assuming:

Screening revenue of $1.848-$1.853 billion,
Precision Oncology revenue of $622-$627 million, and
COVID-19 testing revenue of $6 million.
Revenue guidance has been raised from the previously expected range of $2.441-$2.466 billion, which assumed:

Screening revenue of $1.820-$1.835 billion,
Precision Oncology revenue of $615-$625 million, and
COVID-19 testing revenue of $6 million.
Third-quarter 2023 conference call & webcast
Company management will host a conference call and webcast on Wednesday, November 1, 2023, at 5 p.m. ET to discuss third-quarter 2023 results. The webcast will be available at exactsciences.com. Domestic callers should dial 888-330-2384 and international callers should dial +1-240-789-2701. The access code for both domestic and international callers is 4437608.

An archive of the webcast will be available at exactsciences.com. A replay of the conference call will be available by calling 800-770-2030 domestically or +1-647-362-9199 internationally. The access code for the replay of the call is 4437608. The webcast, conference call, and replay are open to all interested parties.