Ferring Pharmaceuticals successfully launches its third Swiss Franc Bond offering for CHF 330 million

On May 27, 2024 Ferring Pharmaceuticals reported the successful launch of its third Swiss Franc Bond offering for an amount totalling CHF 330 million (Press release, Ferring, MAY 27, 2024, View Source [SID1234643713]). This senior unsecured bond transaction issued by Ferring Holding SA comprised two tranches, CHF 210 million with 5-year maturity to 28th June 2029 at a fixed coupon rate of 2.25% per annum, and CHF 120 million with 9-year maturity to 28th June 2033 at a fixed coupon rate of 2.50% per annum. The bonds will be listed on the SIX Swiss Exchange.

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The offering attracted interest from high-quality institutional investors and banks, demonstrating continued recognition of the company’s successful track record and solid cash generation from its core business. The company is rated as BBB (UBS) and Baa (Fedafin), both with a stable outlook.

Dominic Moorhead, Chief Financial Officer of Ferring Pharmaceuticals, said: "We are pleased with the successful outcome of our third bond offering and the proceeds will be used for general corporate purposes, as we continue to invest in the launch and development of our new product opportunities."

The issue was lead-managed by UBS AG and Basler Kantonalbank, with Banque Cantonale Vaudoise acting as co-manager.

Verastem Oncology Announces Updates on Avutometinib Development

On May 27, 2024 Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) reported that Verastem Oncology (Nasdaq: VSTM) issued a press release on May 24 that Verastem Oncology has initiated the rolling submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) seeking accelerated approval for the combination of avutometinib, a RAF/MEK inhibitor, and defactinib, a selective FAK inhibitor, for adult patients with recurrent KRAS mutant low-grade serous ovarian cancer, who received at least one prior systemic therapy (Press release, Chugai, MAY 27, 2024, View Source [SID1234643712]). Avutometinib was created by Chugai, and its clinical development is being conducted by Verastem Oncology.

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Please refer to the link below for details of the Verastem Oncology’s press release:
Verastem Oncology Announces the Initiation of a Rolling Submission of NDA to FDA Seeking Accelerated Approval of Avutometinib and Defactinib Combination for the Treatment of Adult Patients with Recurrent KRAS Mutant Low-Grade Serous Ovarian Cancer
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Chugai Obtains Approval for FoundationOne Liquid CDx Cancer Genomic Profile to Provide Information on Detection of Copy Number Alterations of Cancer-Related Genes and bTMB Score

On May 27, 2024 Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) reported that it has obtained approval from the Ministry of Health, Labour and Welfare (MHLW) on May 23, 2024, for FoundationOneLiquid CDx Cancer Genomic Profile to provide information on detection of copy number alterations of cancer-related genes and blood tumor mutational burden (bTMB) score (Press release, Chugai, MAY 27, 2024, View Source [SID1234643711]). Copy number alterations and bTMB score in plasma samples are important indicators for predicting the efficacy of molecular target therapeutics such as immune checkpoint inhibitors. With this approval, our two comprehensive genomic profiling (CGP) tests using tissue and blood specimens, including FoundationOneCDx Cancer Genomic Profile, can support diagnosis and treatment decisions based on regulatory-approved information.

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"We are pleased that two important additions that support cancer treatment decisions have been approved for FoundationOne Liquid CDx Cancer Genome Profile based on blood specimens in addition to the FoundationOne CDx cancer genomic profile using tissue specimens," said Chugai’s President and CEO, Dr. Osamu Okuda. "For patients with solid tumors for whom it is difficult to collect tissue samples, cancer genome profiling tests using blood specimens provide information on predicting the effectiveness of anticancer drug treatment, allowing for smooth consideration of treatment plans. We will continue our efforts to realize advanced personalized healthcare."

As a leading company in the field of oncology, Chugai is committed to realizing advanced personalized healthcare in oncology and contributing to patients through the expansion of CGP.

About FoundationOne Liquid CDx Cancer Genomic Profile
Developed by Foundation Medicine Inc. based in Boston, USA, FoundationOne Liquid CDx Cancer Genomic Profile is a next-generation sequencing-based in vitro diagnostic device using blood samples for advanced cancer patients with solid tumors. By using circulating tumor DNA (ctDNA) in the blood of patients with advanced solid tumors, it is intended to identify genomic alterations (base substitutions, insertions/deletions, rearrangements, copy numbers alterations) in 324 cancer-related genes and calculate the bTMB score. It has been approved by the MHLW as a medical device program that has a genome profiling function for cancer-related genes and a companion diagnostic function for multiple molecular target drugs.
For the latest information about FoundationOne Liquid CDx Cancer Genomic Profile, please refer to the approval information.

Trademarks used or mentioned in this release are protected by laws.

Starpharma announces positive final DEP® irinotecan Phase 2 clinical trial results

On May 27, 2024 Starpharma (ASX: SPL, OTCQX: SPHRY), dedicated to helping patients with significant illnesses, such as cancer, achieve improved health outcomes through the application of our unique dendrimer technology, reported the full results of the Phase 2 open-label clinical trial of DEP irinotecan (Press release, Starpharma, MAY 27, 2024, View Source;mc_eid=bf52dd3418 [SID1234643710]). The trial met its objectives, with endpoints demonstrating positive anti-tumour efficacy of DEP irinotecan in heavily pre-treated patients with a range of difficult-to-treat, advanced, metastatic cancers, including colorectal cancer (CRC) and platinum-resistant ovarian cancer.

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DEP irinotecan is a novel, patented nanoparticle formulation of SN38[1], the active metabolite of the widely used anti-cancer drug, irinotecan (marketed as Camptosar). Developed using Starpharma’s proprietary DEP dendrimer technology, DEP irinotecan was designed to solubilise and directly deliver SN38 to cancer tissue, eliminating the need for liver metabolism and thereby avoiding the production of toxic metabolites.

Key commercial opportunities exist for DEP irinotecan in colorectal and ovarian cancer indications. These opportunities are highlighted by the favourable efficacy results for DEP irinotecan for both indications compared with published data on standard-of-care (SoC) treatment options, and the safety data consistently demonstrating an improved safety profile compared with standard irinotecan for these patients with advanced disease.

Both these cancers remain significant unmet medical needs. Colorectal cancer is the third most common cancer in the US, with survival rates that vary significantly based on the stage of cancer, a person’s age and general health. For advanced disease, where cancer has spread to other parts of the body (metastasised), the 5-year relative survival rate is only 17%[2]. Platinum-based chemotherapy is the backbone of treatment for ovarian cancer, but most women will relapse and develop drug resistance to these agents. Platinum-resistant ovarian cancer has a poor prognosis, and the few treatment options available have only shown marginal benefit[3].

In this context, the results for DEP irinotecan showing clinically meaningful improvements in efficacy, measured by progression-free survival and objective responses, and tolerability when compared to standard irinotecan and other SoC treatment options are particularly impressive and demonstrate the promising clinical utility and high value potential of DEP irinotecan in patients with advanced colorectal and platinum-resistant ovarian cancer.

DEP irinotecan clinical efficacy results (Phase 1/2 combined data)

The 114 patients enrolled in the study (Phase 1 N=7, Phase 2 N=107) ranged in age from 31 to 78 years and had exhausted all standard-of-care treatment options prior to commencing therapy with DEP irinotecan.

Key efficacy results in heavily pre-treated patients with advanced colorectal cancer[4] (CRC), 98% (54/55) of whom experienced cancer progression following up to 4 lines of prior irinotecan treatment, include:

Median progression-free survival (mPFS) was 4.2 months when DEP irinotecan was administered once every 2 weeks (Q2W) in combination with 5‑FU/LV in patients who had received a median of 3 prior anticancer regimens (N=17);
In patients evaluable[5] for assessment of tumour size changes (N=14), the disease control rate (DCR)[6] was 86%, and the objective response rate (ORR)[7] was 14%, with stable disease (SD) and partial responses (PRs) lasting up to 45 weeks. Several patients continue to receive the DEP irinotecan 5-FU/LV combination therapy.
These outcomes for DEP irinotecan plus 5-FU/LV represent an approximate 68% improvement in mPFS and 3.5 times greater ORR compared with published data in advanced CRC patients for conventional irinotecan plus 5-FU/LV ("FOLFIRI") as second-line therapy (i.e., in patients even less heavily pre-treated than in the current study), which report a mPFS of 2.5 months and an ORR of 4%[8].

When DEP irinotecan was administered as a monotherapy Q2W/Q3W in patients who had received a median of 4 prior anticancer regimens, median progression-free survival (mPFS) was 2.1 months (N=38) and disease control rate (DCR) in evaluable patients (N=31) was 48%, with disease control lasting up to 72 weeks.
Key efficacy results in heavily pre-treated patients with advanced platinum-resistant/refractory ovarian cancer include:

Median progression-free survival (mPFS) was 9.3 months when DEP irinotecan was administered as a monotherapy Q2W in patients who had received a median of 6 prior anticancer regimens and 30 prior treatment cycles (N=8);
In monotherapy Q2W evaluable patients (N=7), the disease control rate (DCR) was 100% and the objective response rate (ORR) was 43%, with stable disease (SD) and partial responses (PRs) lasting up to 62 weeks to date. There are 2 patients continuing to receive DEP irinotecan therapy due to ongoing responses and significant clinical benefit;
One patient with no measurable target lesions achieved a complete response (CR) evidenced by complete resolution of tumour ascites and pleural effusion;
Another patient who had a partial response (PR) had complete resolution of their target tumour (100% reduction in size) and tumour ascites, and an ovarian cancer tumour biomarker (CA-125[9]) reduction of 98%, with stable non-target tumour lesions;
More than 75% of patients had ovarian cancer tumour biomarker (CA-125) reductions.
These outcomes for DEP irinotecan in patients with platinum-resistant ovarian cancer demonstrate up to an approximate 3 times longer mPFS and 3.5 to 7 times greater ORR compared with standard-of-care single-agent therapies for platinum-resistant ovarian cancer, including paclitaxel (Taxol), topotecan (Hycamtin), gemcitabine (Gemzar) or pegylated liposomal doxorubicin (Caelyx), which report mPFS ranging from 3.1 to 3.6 months and ORRs ranging from ~6 to 12%[10],[11].

The mPFS of 9.3 months for DEP irinotecan monotherapy Q2W is also approximately 50% longer than the mPFS of 6.3 months reported for the combination of standard chemotherapy with the targeted monoclonal antibody, bevacizumab (Avastin)11, in patients with platinum-resistant ovarian cancer. The ORR of 43% achieved with DEP irinotecan monotherapy is also more than 50% higher than the ORR of 27.3% for the chemotherapy plus bevacizumab combination regimen.

When DEP irinotecan was administered as a monotherapy (Q2W/Q3W combined), mPFS was 3.2 months (N=23).
These very promising results in patients with platinum-resistant/refractory ovarian cancer were achieved despite standard irinotecan not being approved for use in this indication. The emergence of resistance to platinum-based therapies in patients with recurrent ovarian cancer is inevitable, and outcomes for these patients remain poor, with limited treatment options available, highlighting a substantial unmet need for new treatments and a promising new market opportunity for DEP irinotecan.

Promising anticancer activity was also observed in patients with various other cancer types, including breast and pancreatic. A patient with advanced metastatic breast cancer, who had received 12 prior lines of therapy and 119 prior cycles of treatment, received 25 cycles of DEP irinotecan (Q3W) and achieved stable disease for 72 weeks.

At the time of database lock (DBL), an insufficient number of overall survival (OS) events (i.e., patient deaths) had been reported to allow calculation of median OS endpoints (i.e., survival remained above 50% at DBL).

DEP irinotecan safety and tolerability

DEP irinotecan was very well tolerated in this trial, with an improved safety profile, including significantly fewer severe gastrointestinal treatment-related adverse events (TRAEs), compared to published data on conventional irinotecan.

Importantly, there were no reports of severe or life-threatening (≥ grade 3) diarrhoea in colorectal cancer patients and only one report of grade 3 diarrhea in a patient with ovarian cancer following DEP irinotecan therapy. Similarly, severe nausea was reported in only 2 patients (1.8%), and severe vomiting was reported in only 1 patient (0.9%). This notable lack of gastrointestinal toxicity was despite more than 775 doses of DEP irinotecan having been administered in this study involving 114 patients. This result is a significant improvement in the side effect profile when compared to conventional irinotecan (Camptosar) treatment, which is associated with severe or life-threatening diarrhoea in more than 20% of patients[12]. Irinotecan-induced diarrhoea, which is the subject of an FDA "Black Box" warning for standard irinotecan, is frequently associated with the discontinuation of treatment and hospitalisation and can have potentially fatal outcomes.

With DEP irinotecan, there were also no reports of cholinergic syndrome, which occurs in approximately 47% of patients treated with conventional irinotecan12. This problematic adverse event involves symptoms such as acute diarrhoea, slow heartbeat, low blood pressure, increased salivation and tears, blurred vision, excessive sweating, flushing, and abdominal cramping.

Overall, symptomatic TRAEs for DEP irinotecan were mostly mild to moderate in severity and included nausea, vomiting, fatigue, constipation, decreased appetite and hair loss. Bone marrow toxicity (myelosuppression) was generally uncomplicated and manageable, with colony-stimulating growth factor (G-CSF) used as necessary.

DEP irinotecan’s highly favourable safety and tolerability profile was a key component of the clinical benefit evidenced by patients in this early phase trial. Irrespective of dosing frequency (Q3W or Q2W) and whether monotherapy or the 5-FU/LV combination therapy, many patients were able to receive long-term treatment. For example, long-term treatment was achieved in heavily pretreated, advanced colorectal, ovarian, and breast cancer patients as well as a pancreatic cancer patient, all of whom received at least 6 months of therapy, with many of these receiving more than 1 year of DEP irinotecan treatment, including several who have continued access to DEP irinotecan treatment.

Importantly, there were no immune-mediated adverse events with DEP irinotecan, making it suitable for combination with immune-oncology agents. The excellent tolerability of DEP irinotecan makes it a suitable candidate for other combination regimens where the gastrointestinal adverse event profile of standard irinotecan may be problematic. No new adverse events were observed with DEP irinotecan compared to conventional irinotecan, indicating a lack of toxicity due to the dendrimer scaffold.

DEP clinical results to be presented in oral presentations at ASCO (Free ASCO Whitepaper) 2024 Annual Meeting

These final clinical data from the DEP irinotecan Phase 1/2 trial will be presented at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting to be held from 31 May to 4 June 2024 in Chicago. In addition, the positive DEP cabazitaxel Phase 2 trial results, announced in October 2023, will also be presented in full at the ASCO (Free ASCO Whitepaper) Meeting. These two oral presentations will showcase the significant advantages of the DEP dendrimer technology in delivering different classes of cytotoxic chemotherapeutics to achieve improved treatment outcomes for patients with a range of cancers.

DEP irinotecan and DEP cabazitaxel have the potential to provide efficacious alternative options for eligible patients with a significantly enhanced safety profile, which could be especially important for patients who may otherwise not be suitable for treatment with the standard chemotherapy option. Both products are supported by a strong international intellectual property portfolio, and Starpharma is looking to license global rights to DEP irinotecan and DEP cabazitaxel to a partner with the expertise to maximise their clinical and commercial potential.

The DEP irinotecan data will be presented at the ASCO (Free ASCO Whitepaper) Meeting by Dr Jia (Jenny) Liu MD PhD FRACP, Medical Oncologist and Principal Investigator at the Kinghorn Cancer Centre, St Vincent’s Hospital in Sydney, who commented on the positive Phase 1/2 clinical trial results:

"The full DEP irinotecan / DEP SN38 trial results are very exciting. DEP irinotecan in heavily pre-treated, advanced cancer patients demonstrated highly encouraging efficacy results in a range of tumour types. These responses include significant and sustained tumour shrinkage and disease control in patients with irinotecan-pre-treated colorectal cancer and platinum-resistant ovarian cancer.

"Furthermore, DEP irinotecan exhibits excellent tolerability, with a distinct lack of severe gastrointestinal toxicity that is a common and problematic feature of standard irinotecan treatment. Such treatment tolerability, combined with sustained disease control, has meant that many of our patients, including those who are quite young with advanced colorectal cancer, have been able to receive long-term treatment and continue to work and engage socially with their peers, which is very important for their quality of life.

"I’m impressed by the DEP delivery platform, which is highly flexible and has the potential to more effectively deliver a broad range of compounds, including other cytotoxic and small molecules, as well as radioisotopes, and as a potential alternative to antibody-drug conjugates (ADCs) to treat and image cancers, while avoiding or reducing possible adverse effects.

"The ASCO (Free ASCO Whitepaper) annual meeting is the world’s biggest global clinical cancer conference. It’s noteworthy that these exciting DEP irinotecan trial results were chosen for an oral presentation, and we are delighted to showcase this very promising and flexible DEP delivery platform to this important audience."

Prof. James Spicer MBBS FRCP PhD, professor of experimental cancer medicine at King’s College London, and consultant in medical oncology and Principal Investigator at Guy’s and St Thomas’ NHS Foundation Trust in London, will present the DEP cabazitaxel data on behalf of Starpharma and the study team at ASCO (Free ASCO Whitepaper), and commented on the DEP cabazitaxel:

"I’m delighted to present the exciting findings for the DEP cabazitaxel Phase 2 clinical trial at the prestigious ASCO (Free ASCO Whitepaper) 2024 Annual Meeting in Chicago. Being selected for an oral presentation from thousands of submitted abstracts provides an excellent opportunity to present the full findings from this particular trial and showcase the DEP delivery platform technology.

"The Phase 2 DEP cabazitaxel results demonstrated very promising anti-cancer activity in advanced, hard-to-treat cancers, including patients with prostate, esophago-gastric and platinum-resistant ovarian tumours, and showed clinically meaningful responses in patients whose cancer has progressed following prior treatment with taxane therapies.

"Furthermore, DEP cabazitaxel was well-tolerated in these advanced cancer patients. Notably, little bone marrow toxicity (myelosuppression) was observed even in the absence of preventative G-CSF treatment. This was despite patients being at risk of such chemotherapy-induced toxicity, particularly the relatively elderly prostate cancer patients with extensive bone metastatic disease.

"Given the exciting results, further clinical development of DEP cabazitaxel is warranted, not only for the treatment of advanced prostate cancer but also platinum-resistant ovarian or esophago-gastric cancers, where there remains a significant unmet need."

Starpharma’s Chief Executive Officer, Cheryl Maley, commented:

"Building on the interim data reported by Starpharma in Q1FY24, the final results reported today show very positive efficacy outcomes for DEP irinotecan in both colorectal and ovarian cancer indications. The results compare very favourably with published data on standard-of-care treatments, indicating the potential for improved quality of life for patients with advanced cancers.

"The patients involved in Starpharma’s DEP irinotecan Phase 2 study were heavily pre-treated, with the colorectal cancer cohort having had a median of 3 lines of prior anti-cancer treatment before entering our study, and the platinum-resistant ovarian cohort having had a median of 6 lines of previous treatment. Almost all the colorectal cancer patients had already progressed following prior treatment with standard irinotecan. This level of pre-treatment and advanced disease makes the efficacy outcomes for DEP irinotecan even more impressive, especially when the results are compared with standard approved therapies.

"We are excited to present the positive clinical data from Starpharma’s Phase 2 trials of both DEP irinotecan and DEP cabazitaxel at the 2024 ASCO (Free ASCO Whitepaper) Annual Meeting. The data demonstrate clinically meaningful anti-tumour efficacy and a favourable safety/tolerability profile for both products in multiple hard-to-treat cancers.

"The ASCO (Free ASCO Whitepaper) Meeting is the world’s most comprehensive gathering of oncology clinicians, researchers and pharmaceutical companies to hear the latest breakthroughs and advancements in cancer treatment. Only a small proportion of submitted abstracts are accepted for presentation at the ASCO (Free ASCO Whitepaper) Annual Meeting, and this year, fewer than 4% of these accepted abstracts have been designated for full or rapid oral presentation.

"It is, therefore, a significant achievement that both DEP irinotecan and DEP cabazitaxel abstracts have been accepted for oral presentation, and underscores the quality and potential clinical impact of the findings in a broad context. The presentations provide Starpharma with the opportunity to showcase these two products and the DEP platform technology more broadly to a global audience.

"Promisingly, DEP irinotecan demonstrated positive outcomes in combination with 5-fluorouracil (5-FU) and leucovorin (LV) for colorectal cancer and as a monotherapy for platinum-resistant ovarian cancer, with significantly longer progression-free survival and disease control rates compared to standard treatments. The safety profile of DEP irinotecan was favourable, with a notable lack of severe gastrointestinal adverse events and cholinergic syndrome compared to standard irinotecan.

"We are confident that DEP irinotecan, as monotherapy and in an array of potential combination regimens, presents significant commercial opportunities in colorectal and ovarian cancer indications, potentially addressing unmet medical needs in these challenging-to-treat cancers. Starpharma is seeking a partner to further develop this product for patients in need."

Starpharma would like to thank the patients who participated in the DEP irinotecan trial, and their families and caregivers, as well as the study investigators and study team who worked on the trial.

ASCO 2024 Annual Meeting Presentation Session Details

DEP cabazitaxel
Title: Efficacy and safety of dendrimer-enhanced (DEP) cabazitaxel (DEP CTX) in patients with advanced solid cancers in a phase 1/2 trial (P1/2)
Session Title: Oral Abstract Session – Developmental Therapeutics—Molecularly Targeted Agents and Tumor Biology
Date and Time: Saturday, June 1, 2024; 3:00 PM-6:00 PM CDT

Abstract Number: 3004
View Source

DEP irinotecan

Title: Dendrimer-enhanced (DEP) SN38 (DEP irinotecan) in patients (pts) with advanced solid tumors: A phase 1/2 trial
Session Title: Rapid Oral Abstract – Developmental Therapeutics—Molecularly Targeted Agents and Tumor Biology
Date and Time: Monday, June 3, 2024; 8:00 AM-9:30 AM CDT

Abstract Number: 3014
View Source

View/download the ASX Announcement: Positive final DEP irinotecan Phase 2 clinical trial results.

[1] SN38 is of the class of drugs known as topoisomerase-1 inhibitors, which includes other drugs such as topotecan and deruxtecan, which is the active moiety of the approved anticancer antibody-drug conjugate (ADC), trastuzumab-deruxtecan (T-DXd, Enhertu).

[2] View Source

[3] View Source

[4] Colorectal cancer (CRC), or bowel cancer, is cancer affecting the large intestine and the rectum.

[5] All efficacy response data reported in this announcement are for evaluable patients. Evaluable patients are those that received ≥1 dose cycle of DEP irinotecan and had a CT scan to assess response to treatment at ≥~8 weeks after commencement of treatment with DEP irinotecan.

[6] DCR comprises stable disease (SD), partial responses (PR) and complete responses (CR).

[7] ORR comprises PR and CR.

[8] Tournigand et al., FOLFIRI Followed by FOLFOX6 or the Reverse Sequence in Advanced Colorectal Cancer: A Randomized GERCOR Study, Clinical Oncology, 2023;41(19):3469-3477. View Source

[9] CA-125: cancer antigen 125.

[10] Mutch et al., Randomized Phase III Trial of Gemcitabine Compared with Pegylated Liposomal Doxorubicin in Patients with Platinum-resistant Ovarian Cancer, J Clin Oncol, 2007;25(19):2811-2818. View Source

[11] Pujade-Lauraine et al., Bevacizumab Combined with Chemotherapy for Platinum-Resistant Recurrent Ovarian Cancer: The AURELIA Open-Label Randomized Phase III Trial, J Clin Oncol, 2014;32(13):1302-1308. View Source

[12] Camptosar (irinotecan) Injection label, View Source

Pacylex Pharmaceuticals Reports Zelenirstat Phase 1 safety and efficacy data at ASCO 2024

On May 24, 2024 Pacylex Pharmaceuticals Inc. (Pacylex) is a clinical-stage pharmaceutical company developing N-myristoyltransferase (NMT) inhibitors as targeted therapies for the treatment of hematologic cancers and solid tumors, reported that complete Phase 1 clinical study results for zelenirstat, a proprietary, potent, NMTi, will be presented at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting from May 31 to June 4, 2024, at McCormick Place in Chicago, Illinois (Press release, Pacylex Pharmaceuticals, MAY 24, 2024, View Source [SID1234645048]).

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The Phase 1 dose escalation safety and tolerability study was conducted in 29 patients with refractory/relapsed (r/r) lymphoma and refractory solid tumors who averaged 4 lines of prior therapy. Zelenirstat, administered as a once daily oral medication, was well-tolerated in Phase 1 patients up to the recommended Phase 2 dose (RP2D) with no dose limiting toxicities observed in 6 dose levels. The most common treatment related adverse events were mild to moderate gastrointestinal side effects which were self-limiting and occurred in a minority of patients.

The 7 patients receiving the recommended Phase 2 dose had significantly better progression free and overall survival than the 17 treated at lower doses; 57% had stable disease or better for six months or longer, despite having 5 different types of cancer. Prolonged Stable Disease was observed in a person with colorectal cancer that had only short-term benefit from any of the 6 prior lines of therapy; this participant continues to receive the RP2D more than a year after starting therapy and had reductions of approximately 50% in CEA (carcinoembryonic antigen) and tumor volumes.

Zelenirstat appears to work in different cancers by inhibiting the myristoylation required for assembly, translocation, and/or function of validated targets like B-cell receptor, EGFR, and VEGFR. Zelenirstat also blocks Complex I formation in mitochondria of cancer cells which shuts down oxidative phosphorylation, especially critical for metastasis and cancer stem cells.

A poster will present the complete safety results and efficacy signals from the Company’s Phase 1 study of zelenirstat, as well as evidence for mechanisms of action relevant to anticancer activity in different cancer types. The Company’s CMO, Dr. John Mackey, and CEO, Dr. Michael Weickert, will be available during the poster session and for one-on-one meetings.