Celleron Therapeutics and Argonaut Therapeutics Announce Completion of Merger to Form IngenOx Therapeutics

On January 5, 2023 Celleron Therapeutics and Argonaut Therapeutics have jointly reported the completion of a merger agreement to form IngenOx Therapeutics (www.ingenox.com) (Press release, Argonaut Therapeutics, JAN 5, 2023, View Source [SID1234625889]).

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Supported by Oxford Science Enterprises (OSE), the merger of the two University of Oxford spinout companies brings together drug discovery and clinical development capabilities, which streamlines the R&D process and ensures pipeline continuity.

IngenOx Therapeutics will focus on delivering new precision medicine drugs and vaccines to treat the most difficult cancers, often referred to as cold tumours. Its pipeline comprises early to late- stage clinical assets that work in different ways to activate the immune response against cold tumours, which are generally poorly recognised by the immune system. An exciting proprietary platform technology focusses on precision cancer vaccines that act by targeting the immune response to a novel source of cancer antigens.

Corporate Overview

On January 5, 2023 AnaptysBio presented its corporate presentation (Presentation, AnaptysBio, JAN 5, 2023, View Source [SID1234625888]).

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ALX Oncology Provides Corporate Update and Highlights Key Milestones in 2023

On January 5, 2023 ALX Oncology Holdings Inc., ("ALX Oncology") (Nasdaq: ALXO), a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, reported a corporate update and highlighted key milestones anticipated in 2023 (Press release, ALX Oncology, JAN 5, 2023, View Source [SID1234625886]).

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"2022 marked a successful year of continued clinical and corporate accomplishments for ALX Oncology. Marked by steady progress in the clinical development of our lead program, evorpacept, for the treatment of multiple solid tumor indications and hematological malignancies, we expanded clinical development of evorpacept in new indications and combinations. These included a Phase 1 trial in urothelial cancer ("UC") in combination with PADCEV, an investigator-sponsored Phase 2 trial in refractory microsatellite stable metastatic colorectal cancer in combination with ERBITUX and KEYTRUDA, and a new investigational treatment arm in the I-SPY-P1 trial for the treatment of patients with unresectable or metastatic HER2-positive and HER2-low breast cancer in combination with ENHERTU and in partnership with Quantum Leap Healthcare Collaborative. 2023 is expected to be an exciting year for ALX Oncology as we look forward to the presentation of data from ASPEN-06, a randomized Phase 2 trial of evorpacept in combination with trastuzumab, ramucirumab and paclitaxel for the treatment of patients with HER2-positive gastric/gastroesophageal junction ("GEJ") cancer and presentation of dose optimization results from ASPEN-02, a Phase 1b clinical trial of evorpacept in combination with azacitidine in patients with myelodysplastic syndromes ("MDS"). We are also on track to file an Investigational New Drug ("IND"), in collaboration with Tallac Therapeutics, for ALTA-002 that will further expand our clinical pipeline beyond evorpacept," said Jaume Pons, Ph.D., Founder, President and Chief Executive Officer of ALX Oncology.

Key Clinical Accomplishments in 2022

Presented initial clinical data from the Phase 1a dose escalation portion of the ASPEN-05 trial evaluating evorpacept in combination with azacitidine and venetoclax for the treatment of patients with relapsed or refractory ("r/r") or new diagnosed ("ND") acute myeloid leukemia ("AML") at the American Society of Hematology (ASH) (Free ASH Whitepaper) ("ASH") annual meeting.

Presented trial in progress poster from ASPEN-03 and ASPEN-04, the Company’s Phase 2 head and neck squamous cell carcinoma ("HNSCC") studies, at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) ("SITC") annual meeting. ALX Oncology continues to advance ASPEN-03 and ASPEN-04, which are two distinct randomized Phase 2 studies for the treatment of patients with advanced HNSCC in combination with KEYTRUDA (pembrolizumab) with or without chemotherapy. Patient enrollment for ASPEN-03 and ASPEN-04 continues as planned.

Announced a new investigational treatment arm in the I-SPY-P1 TRIAL in collaboration with Quantum Leap Healthcare Collaborative, for the treatment of patients with unresectable or metastatic HER2-positive and HER2-low breast cancer. A Phase 1 (open-label), multi-center study arm will investigate evorpacept in combination with ENHERTU (fam-trastuzumab deruxtecan-nxki), a HER2 directed antibody-drug conjugate ("ADC"), to determine the safety, tolerability and efficacy of this drug combination.

Dosed first patient in a Phase 2 investigator-sponsored trial of evorpacept in combination with ERBITUX (cetuximab) and pembrolizumab in patients with mCRC who have progressed on at least two lines of systemic therapy.

The Food and Drug Administration ("FDA") granted Fast Track designation to evorpacept in combination with pembrolizumab for the first-line treatment of patients with PD-L1 expressing metastatic or unresectable, recurrent HNSCC, which is the second Fast Track designation granted in HNSCC. Previously the FDA granted Fast Track designation for evorpacept in combination with pembrolizumab, platinum, and fluorouracil for the first-line treatment of adult patients with metastatic or unresectable, recurrent HNSCC.

FDA granted Orphan Drug Designation ("ODD") to evorpacept for the treatment of patients with AML.
Initiated ASPEN-07, a Phase 1 trial of evorpacept for the treatment of patients with UC. ASPEN-07 will investigate evorpacept in combination with an antibody-drug conjugate ("ADC"), PADCEV (enfortumab vedotin-ejfv).

Began enrolling patients in ASPEN-06, a Phase 2/3 study evaluating the combination of evorpacept and CYRAMZA (ramucirumab), Eli Lilly and Company’s anti-VEGFR2 antibody, added to HERCEPTIN (trastuzumab) and paclitaxel for the treatment of patients with HER2-positive gastric/GEJ cancer.

FDA granted ODD to evorpacept for the treatment of patients with gastric/GEJ cancer.

Key Corporate Accomplishments in 2022

Entered into a loan facility with Oxford Finance LLC and Silicon Valley Bank for up to $100 million of non-dilutive financing. Under the terms of the loan agreement, ALX Oncology drew $10 million of an initial $50 million tranche at closing, with the remaining $40 million available at its discretion through the end of 2023. ALX Oncology also has access up to an additional $50 million with $12.5 million available in each of two tranches based upon the achievement of milestones related to the development of evorpacept and one pre-clinical product candidate, and $25 million available at the Lenders’ discretion.

Strengthened board of directors by adding two independent board members with significant operational and commercial leadership experience in the biopharmaceutical industry:

Itziar Canamasas, Ph.D., most recently the Head of Oncology EMEA and Commercial Lead for Oncology for Bayer Consumer Care AG and has more than 20 years of biopharmaceutical experience with Bayer and brings expertise in driving business growth and operational excellence.

Scott Garland, currently CEO of Pact Pharma and previously CEO of Portola Pharmaceuticals, has more than 30 years of biopharmaceutical industry knowledge and brings deep commercial and executive leadership experience.
Anticipated Milestones in 2023

Presentation of data from a randomized Phase 2 trial of evorpacept in combination with trastuzumab, ramucirumab and paclitaxel for the treatment of patients with HER2-positive gastric/GEJ cancer (ASPEN-06) in the second half of 2023.

Presentation of dose optimization results of a Phase 1b clinical trial of evorpacept in combination with azacitidine in patients with MDS (ASPEN-02) in the second half of 2023.

Initiation of a Phase 1b dose optimization clinical trial of evorpacept in combination with azacitidine and venetoclax for the treatment of patients with r/r or ND AML (ASPEN-05) in the second half of 2023.

Initiation of a Phase 1 trial of evorpacept in combination with antibody drug conjugate, PADCEV (enfortumab vedotin-ejfv), for the treatment of patients with UC (ASPEN-07) in the first half of 2023.

Filing an IND for ALTA-002, a SIRPα Toll-like receptor agonist antibody conjugate ("TRAAC") in collaboration with Tallac Therapeutics in the first half of 2023.

Expansion of the ADC platform acquired from ScalmiBio to identify clinical development candidates by the second half of 2023.

Cash Position and Financial Guidance

ALX Oncology ended the third quarter 2022 with approximately $293.1 million in cash and cash equivalents. The Company expects that its cash, and cash equivalents, investments and the $50 million to which it has access under its term loan are sufficient to fund planned operations through mid-2025.

Upcoming Presentation at 41st Annual J.P. Morgan Healthcare Conference

ALX Oncology will present at the 41st Annual J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023 at 10:30 am PT at the Westin St. Francis in San Francisco. A live webcast of the presentation will be available here and can be accessed by visiting the Investors section of ALX Oncology’s website at www.alxoncology.com and selecting Events under the News and Events tab. A replay of the webcast will be archived for up to 30 days following the presentation date.

AnaptysBio Announces Portfolio Update Across Best-in-Class Immune Cell Modulating Antibodies

On January 5, 2023 AnaptysBio, Inc. (Nasdaq: ANAB), a clinical-stage biotechnology company focused on delivering innovative immunology therapeutics, reported a portfolio update including initiating development of its wholly owned best-in-class immune cell modulating antibodies in autoimmune and inflammatory diseases with large and significantly underserved patient populations (Press release, AnaptysBio, JAN 5, 2023, View Source [SID1234625887]). With cash, cash equivalents and investments greater than $575 million as of December 31, 2022, the company anticipates having approximately 4 years of capital to execute against its non-risk adjusted research and development plan, excluding potential future royalties from its GSK immuno-oncology financial collaboration.

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"We have continued to progress our strategic portfolio review and are excited to announce the near-term initiation of two global Phase 2b trials across rosnilimab, our PD-1 agonist, in rheumatoid arthritis and ANB032, our BTLA agonist, in atopic dermatitis. We believe their mechanisms of action, with the potential to restore immune balance by acting directly on cell types mediating disease pathology, have the potential to meaningfully impact large and significantly underserved patient populations," said Daniel Faga, interim president and chief executive officer of AnaptysBio. "We’re well capitalized to deliver on multiple Phase 2b readouts across our wholly owned checkpoint agonists as well as to advance ANB033, our anti-CD122 antagonist, through clinical proof-of-concept."

Rosnilimab (PD-1 agonist antibody)
•Rosnilimab, its investigational wholly owned PD-1 agonist, demonstrates best-in-class activity in vitro with superior inhibition of T cell proliferation, reduction in inflammatory cytokine secretion (Th1, Th2, Th17) and depletion of PD-1+ T cells via effector function compared to Lilly PD-1 agonist

•PD-1+ T cells are clinically validated drivers of disease in rheumatoid arthritis (RA)

oRA patient synovial biopsies have dense T cell infiltrates, with >80% of T cells expressing PD-1 and insufficient PD-L1 expression to down-regulate T cell activity
oRosnilimab targets multiple distinct inflammatory mechanisms addressed by approved therapies to treat RA

•Initiation in Q3 2023 of a global Phase 2b trial in moderate-to-severe RA

oMulti-hundred patient placebo-controlled trial assessing three dose levels of subcutaneously administered rosnilimab for approximately 6 months on well-established endpoints including ACR20/50/70 and DAS28
oTop-line interim data anticipated by mid-year 2025

•Second global Phase 2 trial, in an indication to be announced, with study initiation anticipated by year-end 2023

•Conducted a blinded interim review of alopecia areata Phase 2a data in December 2022

oEnrolled 51 patients in a placebo-controlled trial assessing a single 400mg Q4W dosage of subcutaneously administered rosnilimab (randomized 2:1)

oStudy remains blinded with 100% of patients (n=38) through both week 20 dosing period and week 24 primary endpoint and 61% of patients (n=18) through week 32 follow-up period

•Demonstrated rosnilimab "proof of mechanism" with robust reductions in peripheral PD-1+ T cells, including PD-1 high T cell reduction of >80%, across blinded pooled rosnilimab treated and placebo patients, which is consistent with observations in the healthy volunteer Phase 1 trial of >90% in rosnilimab treated patients

•Suggests rosnilimab administration was generally safe and well tolerated

•Severity of Alopecia Tool (SALT) scores were not supportive of achieving the target product profile and further development in alopecia areata will not be pursued

oWhile select patients observed changes from baseline SALT scores at week 24, no patients achieved an absolute SALT score <20

oInterim results suggest that target efficacy was not achieved potentially due to an inadequate tested dose level, limited duration of treatment, and/or complexity of disease biology including the hair growth cycle

oUnblinded week 32 results, tissue biopsies and additional translational data defining the extent of PD-1 modulation in the periphery and hair follicle will be available in H2 2023

ANB032 (BTLA agonist antibody)

•ANB032, its investigational wholly owned BTLA agonist, demonstrates best-in-class activity in vitro with superior inhibition of T cell proliferation and reduction in inflammatory cytokine secretion (Th1, Th2, Th17) compared to Lilly BTLA agonist
•While Th2 targeted therapies provide benefit to patients with chronic moderate-to-severe atopic dermatitis (AD), there is compelling evidence that AD is broader than a Th2 driven disease, as Th1, Th17 and other cell types, including dendritic cells, may contribute significantly to its pathogenesis

ANB032 inhibits inflammatory activity of Th1, Th2 and Th17 and modulates additional cell types such as B cells and dendritic cells, with the potential for broader, deeper and more durable responses than more narrowly targeted interventions

•Initiation in Q2 2023 of a global Phase 2b trial in moderate-to-severe AD

IND cleared by the FDA in December 2022

160 patient placebo-controlled trial assessing three dose levels of subcutaneously administered ANB032 (randomized 1:1:1:1) for 12 weeks on well-established endpoints, including EASI75 and IGA 0/1

Top-line interim data anticipated by year-end 2024

ANB033 (anti-CD122 antagonist antibody)

•ANB033, its investigational wholly owned anti-CD122 antagonist antibody, targets the common beta subunit shared by the IL-15 and IL-2 receptors

oIL-15 signaling mediates the survival and maintenance of tissue resident memory T cells (TRM)

oThe presence of long-lived and persistent TRM have been shown to drive tissue-specific immune-mediated inflammation

•IND anticipated H1 2024

Legacy clinical-stage cytokine antagonist programs available for outlicensing

•Imsidolimab, its investigational wholly owned anti-IL-36r antagonist antibody, is in Phase 3 trials for generalized pustular psoriasis (GPP)

oTop-line data from the GEMINI-1 Phase 3 trial anticipated Q4 2023

oPlan to outlicense imsidolimab prior to potential FDA approval

•Etokimab, its investigational wholly owned anti-IL-33 antagonist antibody, is Phase 2/3-ready for the treatment of respiratory disorders

oNo further internal investment in etokimab is being pursued

GSK immuno-oncology financial collaboration

•Dostarlimab, an anti-PD-1 antagonist antibody, cobolimab, an anti-TIM-3 antagonist antibody, and GSK4074386, an anti-LAG-3 antagonist antibody, were discovered at AnaptysBio and licensed by GSK

•JEMPERLI (dostarlimab-gxly) has the potential for a first-in-class approval in primary advanced or recurrent endometrial cancer after meeting the primary endpoint in the pivotal RUBY Phase 3 trial demonstrating JEMPERLI plus chemotherapy significantly improved PFS versus chemotherapy plus placebo

oRegulatory submissions anticipated H1 2023

oGSK expects to publish full results in a medical journal and present at an upcoming scientific meeting

•Dostarlimab plus ZEJULA in the pivotal FIRST Phase 3 trial in 1st line ovarian cancer is ongoing with an interim analysis expected in H2 2023

•Dostarlimab plus cobolimab plus chemotherapy vs. dostarlimab plus chemotherapy is in the pivotal COSTAR Lung Phase 3 trial in advanced non-small cell lung cancer in patients who have progressed on prior anti-PD-(L)1 therapy

AbbVie to Host Fourth-Quarter 2022 Earnings Conference Call

On January 5, 2023 AbbVie (NYSE: ABBV) will reported its fourth-quarter 2022 financial results on Thursday, February 9, 2023, before the market opens. AbbVie will host a live webcast of the earnings conference call at 8 a.m. CT (Press release, AbbVie, JAN 5, 2023, View Source [SID1234625885]). It will be accessible through AbbVie’s Investor Relations website investors.abbvie.com. An archived edition of the session will be available later that day.

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