Diffusion Pharmaceuticals Completes Merger with RestorGenex and Becomes a Publicly Traded Oncology-Focused Biotechnology Company

On January 8, 2016 Diffusion Pharmaceuticals LLC, a clinical-stage biotechnology company focused on the development of novel small molecule therapeutics for cancer reported the successful completion of its merger with RestorGenex Corporation (OTCQX:RESX) (Press release, Diffusion Pharmaceuticals, JAN 8, 2016, View Source [SID:1234508714]). The combined company is changing its name to Diffusion Pharmaceuticals Inc.

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"Becoming a public company is a key element of our strategy, and the completion of this merger is a significant accomplishment for the Diffusion team," said David Kalergis, chairman and chief executive officer of Diffusion Pharmaceuticals. "We believe that our novel oncology therapeutics for treatment-resistant solid cancers have tremendous potential, and that becoming a publicly traded company affords us the greatest opportunity to capitalize on this large and growing market opportunity." Mr. Kalergis added, "We would like to thank the board and management team of RestorGenex for their confidence in merging our two companies for the benefit of our respective stockholders."

Diffusion Pharmaceuticals Inc. will continue to develop its lead drug candidate, trans sodium crocetinate (TSC), which has demonstrated positive results in a Phase 2 clinical trial in patients newly diagnosed with glioblastoma multiforme (GBM). TSC has received Orphan Drug Designation from the U.S. Food and Drug Administration for the treatment of GBM and expects to enter a Phase III study in newly diagnosed GBM patients in 2016. Future development of TSC includes other orphan indications. The company is planning to commence a Phase II/III trial in pancreatic cancer in 2016 with a Phase II/III study in brain metastases to follow. TSC’s novel mechanism of action enhances the diffusion of oxygen to cancerous tumors, improving the effects of cancer treatments like radiation therapy and chemotherapy. Diffusion will review and prioritize products formerly in the RestorGenex pipeline.

MTS Securities, LLC. acted as exclusive financial advisor to Diffusion and Dechert LLP acted as legal counsel to Diffusion. Raymond James & Associates, Inc. acted as exclusive financial advisor to RestorGenex and Fox Rothschild LLP acted as legal counsel for RestorGenex.

Kolltan Pharmaceuticals Provides Update on Clinical Pipeline, Corporate Developments and Near-Term Milestones

On January 8, 2016 Kolltan Pharmaceuticals, Inc., a privately held clinical-stage company focused on the discovery and development of novel antibody-based drugs targeting receptor tyrosine kinases (RTKs) for use in oncology and immunology, reported corporate developments, progress of the Company’s lead development programs and research pipeline and upcoming milestones (Press release, Kolltan Pharmaceuticals, JAN 8, 2016, View Source [SID:1234508707]). Based on significant progress achieved in 2015, the Company now has two clinical stage development programs in oncology, KTN3379 and KTN0158, and is advancing a research pipeline focused on the TAM family of RTKs (Tyro3, Axl and MerTK) for potential use in oncology, inflammation and autoimmunity. KTN3379, targeting ErbB3, is currently being evaluated in three Phase 1b clinical trials for the treatment of solid tumors with data showing early signs of efficacy, and the Company plans to initiate a Phase 2 clinical trial in 2016. KTN0158, targeting KIT, is currently in a Phase 1 clinical trial for the treatment of gastro-intestinal stromal tumors (GIST) and other KIT expressing tumors. The Company’s important corporate developments in 2015 include the expansion of its executive management team, the issuance of a key patent and multiple notices of allowances related to its antibody portfolio, modification of an agreement with MedImmune to ensure control of future development and commercial activities for KTN3379 as well as to arrange for additional KTN3379 drug supply for Phase 2 clinical trials, and ongoing partnering discussions related to the TAM program.

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The Company reported today that KTN0158 has been administered to the first cancer patient in a Phase 1 clinical trial following the acceptance by the U.S. Food and Drug Administration (FDA) of an IND application for KTN0158. KTN0158 is a potential first-in-class, humanized anti-KIT monoclonal antibody drug candidate discovered at Kolltan using structural insights obtained from the laboratory of Dr. Joseph Schlessinger at Yale University. In preclinical studies, KTN0158 has exhibited highly potent and selective inhibition of KIT expressed on cancer cells and mast cells, supporting its potential use in the treatment of cancers and other mast cell-related disorders. KTN0158 is the second clinical-stage program for Kolltan and is currently in an open-label, dose-escalating Phase 1 clinical trial focused on cancer patients with gastrointestinal stromal tumors (GIST) and other tumors expressing KIT. In 2015, the Company presented preclinical data supporting the potential use of KTN0158 in cancer through its direct impact on KIT as an oncogenic driver and through its immunomodulatory effects on mast cells and myeloid-derived suppressor cells (MDSCs), thereby potentially augmenting the effectiveness of T-cell checkpoint inhibitors. The Company expects that favorable safety, pharmacokinetic, pharmacodynamic and early tumor response data later this year would support expanded clinical trials of KTN0158 in cancer patients as a monotherapy and in combination with TKIs (tyrosine kinase inhibitors) and T-cell checkpoint inhibitor drugs.

In addition, the Company announced that KTN3379, a potential best-in-class antibody targeting ErbB3 (HER3), continues to enroll patients in three active Phase 1b clinical trials that are evaluating the safety and efficacy of KTN3379 in combination with several targeted therapies in cancer patients with lung, breast, gastric, colorectal, thyroid, and head and neck cancer. Data from these ongoing studies are expected to be presented at medical conferences during 2016. Kolltan also announced that the U.S. Patent Office has granted U.S. Patent No. 9,220,775, which contains claims for composition of matter and uses relating to KTN3379. This patent will expire in November 2032, not including any patent term extensions.

Lastly, Kolltan announced that active discovery efforts are underway for the TAM research program to identify antibodies that can modulate the TAM family of RTKs (Tyro3, Axl and MerTK). The TAM receptors are expressed on macrophages and dendritic cells and have been implicated as drug targets for oncology, inflammation, and autoimmunity. The Company is evaluating potential partnerships for the TAM program.

"The past year has been a period of exceptional accomplishment at Kolltan, and our company is excited and energized as we continue to progress our oncology and immunology portfolio, including our most advanced product candidates in the clinic, KTN3379 and KTN0158," said Gerald McMahon, Ph.D., President and Chief Executive Officer of Kolltan. "Last year, Dr. Ronald A. Peck joined Kolltan as Chief Medical Officer and Senior Vice President, Clinical Development, and his expertise in immuno-oncology is particularly useful as we evaluate KTN0158 as both an anti-tumor drug candidate as well as an immuno-oncology drug candidate to potentiate T-cell checkpoint inhibitor drugs. Our lead program, KTN3379, continues to enroll patients and generate data supporting our plan to initiate a Phase 2 clinical trial in 2016. This antibody has a novel mechanism of action which has been recently published and is protected by an issued composition of matter patent from the U.S. patent office. In addition, our immunology portfolio continues to expand as we now have identified our first prototype antibodies targeting the TAM receptors."

Recent Highlights and Upcoming Milestones

In 2015, Kolltan reported substantial progress in its R&D pipeline, including the Company’s clinical-stage programs, KTN3379 and KTN0158.

KTN3379

• In October 2015, Kolltan announced interim Phase 1b safety and efficacy data for KTN3379 showing evidence of sustained tumor shrinkage in several late-stage cancer patients.

o Confirmed responses include an ongoing complete response in a patient with head and neck cancer treated with KTN3379 plus cetuximab who had progressed on prior cetuximab therapy, partial responses in two patients with BRAF-mutant non small cell lung cancer (NSCLC) treated with KTN3379 plus vemurafenib, one of which had previously progressed during treatment with another BRAF inhibitor, and a patient with BRAF-mutant colorectal cancer treated with KTN3379 plus vemurafenib who had durable stable disease.

o Based on these initial efficacy signals, Kolltan expanded its KTN3379 program with two new clinical trials: (1) a Phase 1b study in thyroid cancer evaluating the treatment of patients with radioactive iodine refractory BRAF-mutated cancers with a combination of KTN3379 and vemurafenib, and (2) a clinical study evaluating tumor biomarker responses to KTN3379 in newly diagnosed patients with head and neck cancers who are treated with KTN3379 prior to their surgical resection.

• At the recent AACR (Free AACR Whitepaper)-NCI-EORTC International Conference held in November 2015, the Company presented preclinical findings showing that KTN3379 reverses ErbB3-mediated resistance of BRAF and MEK inhibitors in BRAF-mutated thyroid cancer and melanoma. These preclinical findings support Kolltan’s ongoing Phase 1b clinical trials in BRAF-mutant tumors and the recently initiated clinical trial in thyroid cancer.

• At the AACR (Free AACR Whitepaper) Conference held in April 2015, the Company presented preclinical findings showing that KTN3379 and cetuximab as a dual ErbB blockade yields enhanced anti-tumor activity in head and neck cancer by inhibiting parallel signaling pathways, AKT and ERK. The Company also presented data showing that there is a high prevalence of neuregulin overexpression in head and neck cancer.

• Based on the encouraging clinical findings to date and the supportive preclinical data, the Company is planning to initiate Phase 2 clinical trials of KTN3379 in 2016 with an initial focus in head and neck cancer. In addition, Kolltan is exploring partnerships to combine KTN3379 with other targeted therapies for several tumor types where ErbB3 may play a role to drive tumor growth.

• In October 2015, the Proceedings of the National Academy of Sciences published a seminal article* by Dr. Joseph Schlessinger, his laboratory, and Kolltan scientists that describes how KTN3379 binds to ErbB3, leading to a mechanism of action (MOA) that is materially different from other approaches for antibody targeting. The data reveal that KTN3379 effectively locks ErbB3 in an inactive conformation by binding to a unique epitope, which may contribute to the antibody’s high potency and dual MOA, a differentiating feature of KTN3379 compared to other known anti-ErbB3 antibodies. This published research exemplifies the quality and productiveness of Kolltan’s broad collaboration with Yale, including the world-class crystallography efforts in Dr. Schlessinger’s lab that have contributed, and continue to contribute, to antibody discovery and differentiation at Kolltan.
* (Proc Natl Acad Sci U S A. 2015 Oct 27;112(43):13225-30. doi: 10.1073/pnas.1518361112. Epub 2015 Oct 12.)

• In 2015, we modified our agreement with MedImmune to ensure Kolltan’s control of KTN3379 and its future development, which means that Kolltan can progress this product candidate forward independently or with potential corporate partners. As part of this agreement, MedImmune agreed to manufacture certain additional amounts of KTN3379, which will contribute to further advancement of Kolltan’s program and the transition into planned Phase 2 clinical trials.

KTN0158

• Kolltan announced key preclinical data related to KTN0158, a potential first-in-class antibody targeting KIT, at three major conferences – the European Society for Medical Oncology (ESMO) (Free ESMO Whitepaper) Cancer Conference (September 2015), the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) Conference (November 2015), and the AACR (Free AACR Whitepaper)-NCI-EORTC International Conference (November 2015).

• As presented at ESMO (Free ESMO Whitepaper), KTN0158 showed substantial tumor shrinkage in a preclinical study in dogs with spontaneous mast cell tumors. Tumor shrinkage was observed at every dose level in all 12 dogs after one or two doses and in tumors with and without activating KIT receptor mutations. The Company expects that KTN0158 will be developed as a monotherapy for 95% of human GIST where KIT is thought to play an important role. The Company also believes KTN0158 may be used in combination with small-molecule approaches to the KIT target in tumors that are limited by mutations and resistance.

• At the SITC (Free SITC Whitepaper) conference, Kolltan reported research demonstrating the potential of anti-KIT antibody therapy to modulate immuno-oncology. Preclinical findings showed that inhibition of KIT with anti-KIT antibodies resulted in a marked decrease in myeloid-derived suppressor cells (MDSCs) in the tumor microenvironment. Additional preclinical data demonstrated that targeting KIT with an antibody enhanced the anti-tumor activity of T-cell checkpoint antibody-based inhibitors. This second feature provides support for clinical trials in several tumor types where blockade by T-cell targeting checkpoint inhibitor antibodies has shown clinical benefit. These combination trials are expected to follow the ongoing Phase 1 clinical trial that was recently initiated and is enrolling patients.

• Based on the preclinical data announced recently and generated since the beginning of 2015, Kolltan plans to aggressively pursue multiple potential pathways to the market, including (1) KTN0158 as a single agent in oncology (e.g., GIST) and in combination with targeted agents; (2) KTN0158 in combination with T-cell checkpoint inhibitors (e.g., anti-CTLA4 and/or anti-PD1/PD-L1 drugs), and (3) KTN1058 in mast cell-related diseases, such as neurofibromatosis 1 (NF1) and other diseases with significant medical needs.

TAM RTK Research

• In 2015, the Company initiated an antibody discovery effort for the TAM family of RTKs that act as rheostats of the immune system. This differentiated family of targets has attractive therapeutic potential across many diseases, including autoimmune and inflammatory disease areas (by stimulating the receptors) and immuno-oncology and anti-viral areas (by inhibiting the receptors). Kolltan has exclusive relationships with the pioneers and thought leaders in the TAM field, including Dr. Greg Lemke of the Salk Institute for Biological Studies and Drs. Schlessinger, Rothlin, and Rimm at Yale University. The Company is currently engaged in discussions to partner the TAM program to discover and develop novel therapeutics for oncology, chronic inflammatory diseases, and autoimmunity.

Corporate Update

• The U.S. and European Patent Offices have issued notices of allowance in companion patent applications related to Dr. Schlessinger’s discovery regarding inhibition of the KIT receptor. Kolltan has an exclusive license to these applications from Yale, which forms the founding IP of Kolltan. Kolltan applied Dr. Schlessinger’s novel insights about the x-ray crystallographic structure of the KIT receptor employing structure based design and identified an antibody (KTN0158) that has a unique way of inhibiting the function of KIT through binding to the domain that is near the cell membrane and blocking dimerization.

• In August 2015, the Company hired Dr. Ronald A. Peck as Chief Medical Officer and Senior Vice President, Clinical Development. Dr. Peck’s exceptional track record and experience in oncology clinical development and his accomplishments in immuno-oncology will contribute to the evaluation of Kolltan’s antibody therapeutics in oncology and other immune-related disorders. Dr. Peck has over 15 years of extensive drug development expertise in oncology and other areas. Prior to joining Kolltan, Dr. Peck held roles of increasing responsibility at Bristol-Myers Squibb Company since 2000, where he contributed to the successful development of multiple therapeutic drug products. Notably, Dr. Peck led the clinical development program for IXEMPRA (ixabepilone), and he served most recently as Vice President, Global Development Lead for YERVOY (ipilimumab), playing a key role in the approval and commercialization of this drug in all indications.

About KTN3379

KTN3379 is a human monoclonal antibody designed to block the activity of ErbB3 (HER3), a receptor tyrosine kinase (RTK) that belongs to the epidermal growth factor receptor, or EGFR, family. ErbB3 is believed to be an important receptor regulating cancer cell growth and survival. ErbB3 is expressed in many cancers, including head and neck, breast, lung, gastric, and melanoma. While there are several successful currently marketed products targeting two members of the EGFR family, there are none that directly target ErbB3. In cancer, ErbB3 activation can be driven by its ligand, neuregulin, or in its absence, through overexpression of its co-receptor ErbB2 (HER2). KTN3379 binds in a unique way to ErbB3 that results in the locking of ErbB3 in an inactive conformation that blocks kinase activation and ligand binding. In addition, KTN3379 has an engineered Fc domain to prevent antibody-mediated clearance leading to serum half-life extension.

Kolltan is conducting multiple clinical trials evaluating KTN3379 in the treatment of solid tumors. These trials include an ongoing Phase 1b multi-center, open-label, dose escalation clinical trial of KTN3379 in patients with solid tumors, with expansion cohorts testing KTN3379 in combination with cetuximab, erlotinib, vemurafenib, or trastuzumab. In addition, the Company is conducting a Phase 1b clinical trial in thyroid cancer, evaluating the treatment of patients with radioactive iodine refractory BRAF-mutated cancers with a combination of KTN3379 and vemurafenib. A third clinical trial is evaluating tissue responses to KTN3379 in newly diagnosed patients with head and neck cancers who are treated with KTN3379 prior to their surgical resection.

About KTN0158

KTN0158 is a proprietary, humanized monoclonal antibody designed using structure-based approaches to block the activation of KIT, an RTK that is expressed on many cancers and mast cells. Kolltan applied novel insights about the x-ray crystallographic structure of the KIT receptor to identify a unique way to inhibit the function of KIT through binding to the domain that is near the cell membrane and blocking dimerization. This targeting of KIT proximal to the membrane is a novel approach compared to targeting ligand binding and led to Kolltan’s discovery of KTN0158.

There are currently no KIT-targeting antibodies on the market for any disease indication. In oncology, KIT is expressed in tumors such as GIST, melanoma, AML, SCLC, and others. Additionally, KIT is expressed in immune suppressive cells in the tumor microenvironment and thus, may provide a novel combination treatment for immuno-oncology. There are several KIT-targeting small molecule drugs approved for use in GIST where mutant KIT is present. However, no KIT-targeting drugs are approved for non-GIST tumor types, and treatment of GIST tumors does not always lead to long-term clinical benefit due to resistance, including secondary mutations that overcome small-molecule drug approaches.

The Company believes KTN0158 as a monoclonal antibody is particularly suited to block KIT dimerization and inhibit activation and signaling of the receptor and therefore result in potent and selective inhibition of both wild-type and some mutant KIT forms. Kolltan filed an IND with the FDA for KTN0158 in late 2015 and has recently initiated a Phase 1 study for the treatment of GIST and other KIT-expressing tumors. A second IND filing for KTN0158 is anticipated in 2017 for neurofibromatosis 1 (NF1). KIT and mast cells have been associated with the etiology of NF1, an orphan disease afflicting approximately 100,000 individuals in the U.S.

Upcoming Presentations at Biotech Showcase™ 2016

On January 8, 2016 Cellular Biomedicine Group Inc. (NASDAQ: CBMG) ("CBMG" or the "Company"), a biomedicine firm engaged in the development of effective stem cell therapies for degenerative diseases and immunotherapies for cancer, reported that the Company will present an overview of their CAR-T immuno-oncology clinical development programs at the Biotech Showcase 2016, taking place in San Francisco, CA, on January 11–13, 2016 (Press release, Cellular Biomedicine Group, JAN 8, 2016, View Source [SID:1234508701]). As previously announced the Company will also at that time release 48-week clinical data from the Phase IIb trial of its ReJoin human adipose-derived mesenchymal progenitor cell (haMPC) therapy for Knee Osteoarthritis (KOA). The presentations can be viewed via live webcast at the link provided below.

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Conference: 8th Annual BioTech Showcase 2016
Date: Tuesday, January 12, 2016
Time: 10:00 – 10:30 AM PDT
Title: Alteration of Knee Osteoarthritis, ReJoin Phase IIb One Year Follow Up Results and CAR-T immuno-oncology clinical development program
Location: Track C – Mission II, 4th Flr, Parc 55, Union Square, 55 Cyril Magnin Street, San Francisco, CA
Live webcast: View Source

ARIAD and Otsuka Submit New Drug Application in Japan for Ponatinib

On January 8, 2016 ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA) reported that its partner Otsuka Pharmaceutical Co., Ltd. (Otsuka) has submitted a new drug application (NDA) to the Japanese Pharmaceuticals and Medical Devices Agency (PMDA) seeking approval for Iclusig (ponatinib) for the treatment of resistant or intolerant chronic myeloid leukemia (CML) and Philadelphia-chromosome positive acute lymphoblastic leukemia (Ph+ALL) (Press release, Ariad, JAN 8, 2016, View Source;p=RssLanding&cat=news&id=2127597 [SID:1234508700]).

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"The collaborative work to file this new drug application in Japan marks a significant milestone in expanding patient access to Iclusig in major geographies around the world," said Timothy P. Clackson, Ph.D., president of research and development and chief scientific officer of ARIAD. "If approved, Iclusig will provide an important new treatment option for Japanese patients with refractory Philadelphia-positive leukemia."

ARIAD expects Otsuka to receive a decision on the new drug application in Japan in the second half of 2016.

The NDA for ponatinib is supported by the Phase 1/2 study in Japanese patients, as well as the global pivotal PACE and Phase 1 trials of ponatinib. The Japanese study included 35 Japanese patients with CML or Ph+ALL who experienced failure of prior tyrosine kinase inhibitor (TKI) therapy. With a median follow-up of 14.9 months at the time of analysis, the Phase 1/2 study results confirm that Iclusig demonstrates anti-leukemic activity in this patient population. Among chronic-phase patients, 65% achieved the primary efficacy endpoint of major cytogenetic response, and 35% had a major molecular response. Thirteen patients remained on therapy including 12 in chronic phase. The median duration of response had not been reached. The most common treatment-emergent adverse events in the trial of any grade were decreased platelet and neutrophil counts, pyrexia, hypertension, dry skin, rash and increased lipase. Treatment-emergent arterial thrombotic events were reported in four patients, or 11%.

According to a 2011 survey by the Ministry of Health Labor and Welfare in Japan, CML occurs in approximately 1 out of 100,000 people among all age groups and it is estimated that there are approximately 11,000 patients living with CML in Japan.

About Iclusig (ponatinib) tablets

Iclusig is a kinase inhibitor. The primary target for Iclusig is BCR-ABL, an abnormal tyrosine kinase that is expressed in chronic myeloid leukemia (CML) and Philadelphia-chromosome positive acute lymphoblastic leukemia (Ph+ ALL). Iclusig was designed using ARIAD’s computational and structure-based drug-design platform specifically to inhibit the activity of BCR-ABL. Iclusig targets not only native BCR-ABL but also its isoforms that carry mutations that confer resistance to treatment, including the T315I mutation, which has been associated with resistance to other approved TKIs.

Iclusig is approved in the U.S., EU, Australia, Switzerland, Israel and Canada.

In the U.S., Iclusig is a kinase inhibitor indicated for the:

Treatment of adult patients with T315I-positive chronic myeloid leukemia (chronic phase, accelerated phase, or blast phase) or T315I-positive Philadelphia chromosome positive acute lymphoblastic leukemia (Ph+ ALL).
Treatment of adult patients with chronic phase, accelerated phase, or blast phase chronic myeloid leukemia or Ph+ ALL for whom no other tyrosine kinase inhibitor (TKI) therapy is indicated.
These indications are based upon response rate. There are no trials verifying an improvement in disease-related symptoms or increased survival with Iclusig.

IMPORTANT SAFETY INFORMATION, INCLUDING THE BOXED WARNING

WARNING: VASCULAR OCCLUSION, HEART FAILURE, and HEPATOTOXICITY

See full prescribing information for complete boxed warning

Vascular Occlusion: Arterial and venous thrombosis and occlusions have occurred in at least 27% of Iclusig treated patients, including fatal myocardial infarction, stroke, stenosis of large arterial vessels of the brain, severe peripheral vascular disease, and the need for urgent revascularization procedures. Patients with and without cardiovascular risk factors, including patients less than 50 years old, experienced these events. Monitor for evidence of thromboembolism and vascular occlusion. Interrupt or stop Iclusig immediately for vascular occlusion. A benefit risk consideration should guide a decision to restart Iclusig therapy.

Heart Failure, including fatalities, occurred in 8% of Iclusig-treated patients. Monitor cardiac function. Interrupt or stop Iclusig for new or worsening heart failure.

Hepatotoxicity, liver failure and death have occurred in Iclusig-treated patients. Monitor hepatic function. Interrupt Iclusig if hepatotoxicity is suspected.

Vascular Occlusion: Arterial and venous thrombosis and occlusions, including fatal myocardial infarction, stroke, stenosis of large arterial vessels of the brain, severe peripheral vascular disease, and the need for urgent revascularization procedures have occurred in at least 27% of Iclusig-treated patients from the phase 1 and phase 2 trials. Iclusig can also cause recurrent or multi-site vascular occlusion. Overall, 20% of Iclusig-treated patients experienced an arterial occlusion and thrombosis event of any grade. Fatal and life-threatening vascular occlusion has occurred within 2 weeks of starting Iclusig treatment and in patients treated with average daily dose intensities as low as 15 mg per day. The median time to onset of the first vascular occlusion event was 5 months. Patients with and without cardiovascular risk factors have experienced vascular occlusion although these events were more frequent with increasing age and in patients with prior history of ischemia, hypertension, diabetes, or hyperlipidemia. Interrupt or stop Iclusig immediately in patients who develop vascular occlusion events.

Heart Failure: Fatal and serious heart failure or left ventricular dysfunction occurred in 5% of Iclusig-treated patients (22/449). Eight percent of patients (35/449) experienced any grade of heart failure or left ventricular dysfunction. Monitor patients for signs or symptoms consistent with heart failure and treat as clinically indicated, including interruption of Iclusig. Consider discontinuation of Iclusig in patients who develop serious heart failure.

Hepatotoxicity: Iclusig can cause hepatotoxicity, including liver failure and death. Fulminant hepatic failure leading to death occurred in an Iclusig-treated patient within one week of starting Iclusig. Two additional fatal cases of acute liver failure also occurred. The fatal cases occurred in patients with blast phase CML (BP-CML) or Philadelphia chromosome positive acute lymphoblastic leukemia (Ph+ ALL). Severe hepatotoxicity occurred in all disease cohorts. Iclusig treatment may result in elevation in ALT, AST, or both. Monitor liver function tests at baseline, then at least monthly or as clinically indicated. Interrupt, reduce or discontinue Iclusig as clinically indicated.

Hypertension: Treatment-emergent hypertension (defined as systolic BP≥140 mm Hg or diastolic BP≥90 mm Hg on at least one occasion) occurred in 67% of patients (300/449). Eight patients treated with Iclusig (2%) experienced treatment-emergent symptomatic hypertension as a serious adverse reaction, including one patient (<1%) with hypertensive crisis. Patients may require urgent clinical intervention for hypertension associated with confusion, headache, chest pain, or shortness of breath. In 131 patients with Stage 1 hypertension at baseline, 61% (80/131) developed Stage 2 hypertension. Monitor and manage blood pressure elevations during Iclusig use and treat hypertension to normalize blood pressure. Interrupt, dose reduce, or stop Iclusig if hypertension is not medically controlled. In the event of significant worsening, labile or treatment-resistant hypertension, interrupt treatment and consider evaluating for renal artery stenosis. In the event of significant worsening, labile or treatment-resistant hypertension, interrupt treatment and consider evaluating for renal artery stenosis.

Pancreatitis: Clinical pancreatitis occurred in 6% (28/449) of patients (5% Grade 3) treated with Iclusig. Pancreatitis resulted in discontinuation or treatment interruption in 6% of patients (25/449). The incidence of treatment-emergent lipase elevation was 41%. Check serum lipase every 2 weeks for the first 2 months and then monthly thereafter or as clinically indicated. Consider additional serum lipase monitoring in patients with a history of pancreatitis or alcohol abuse. Dose interruption or reduction may be required. In cases where lipase elevations are accompanied by abdominal symptoms, interrupt treatment with Iclusig and evaluate patients for pancreatitis. Do not consider restarting Iclusig until patients have complete resolution of symptoms and lipase levels are less than 1.5 x ULN.

Neuropathy: Peripheral and cranial neuropathy have occurred in Iclusig-treated patients. Overall, 13% (59/449) of Iclusig-treated patients experienced a peripheral neuropathy event of any grade (2%, grade 3/4). In clinical trials, the most common peripheral neuropathies reported were peripheral neuropathy (4%, 18/449), paresthesia (4%, 17/449), hypoesthesia (2%, 11/449), and hyperesthesia (1%, 5/449). Cranial neuropathy developed in 1% (6/449) of Iclusig-treated patients (<1% grade 3/4). Of the patients who developed neuropathy, 31% (20/65) developed neuropathy during the first month of treatment. Monitor patients for symptoms of neuropathy, such as hypoesthesia, hyperesthesia, paresthesia, discomfort, a burning sensation, neuropathic pain or weakness. Consider interrupting Iclusig and evaluate if neuropathy is suspected.

Ocular Toxicity: Serious ocular toxicities leading to blindness or blurred vision have occurred in Iclusig-treated patients. Retinal toxicities including macular edema, retinal vein occlusion, and retinal hemorrhage occurred in 3% of Iclusig-treated patients. Conjunctival or corneal irritation, dry eye, or eye pain occurred in 13% of patients. Visual blurring occurred in 6% of the patients. Other ocular toxicities include cataracts, glaucoma, iritis, iridocyclitis, and ulcerative keratitis. Conduct comprehensive eye exams at baseline and periodically during treatment.

Hemorrhage: Serious bleeding events, including fatalities, occurred in 5% (22/449) of patients treated with Iclusig. Hemorrhagic events occurred in 24% of patients. The incidence of serious bleeding events was higher in patients with accelerated phase CML (AP-CML), BP-CML, and Ph+ ALL. Most hemorrhagic events, but not all occurred in patients with grade 4 thrombocytopenia. Interrupt Iclusig for serious or severe hemorrhage and evaluate.

Fluid Retention: Serious fluid retention events occurred in 3% (13/449) of patients treated with Iclusig. One instance of brain edema was fatal. In total, fluid retention occurred in 23% of the patients. The most common fluid retention events were peripheral edema (16%), pleural effusion (7%), and pericardial effusion (3%). Monitor patients for fluid retention and manage patients as clinically indicated. Interrupt, reduce, or discontinue Iclusig as clinically indicated.

Cardiac Arrhythmias: Symptomatic bradyarrhythmias that led to a requirement for pacemaker implantation occurred in 1% (3/449) of Iclusig-treated patients. Advise patients to report signs and symptoms suggestive of slow heart rate (fainting, dizziness, or chest pain). Supraventricular tachyarrhythmias occurred in 5% (25/449) of Iclusig-treated patients. Atrial fibrillation was the most common supraventricular tachyarrhythmia and occurred in 20 patients. For 13 patients, the event led to hospitalization. Advise patients to report signs and symptoms of rapid heart rate (palpitations, dizziness). Interrupt Iclusig and evaluate.

Myelosuppression: Severe (grade 3 or 4) myelosuppression occurred in 48% (215/449) of patients treated with Iclusig. The incidence of these events was greater in patients with AP-CML, BP-CML and Ph+ ALL than in patients with CP-CML. Obtain complete blood counts every 2 weeks for the first 3 months and then monthly or as clinically indicated, and adjust the dose as recommended.

Tumor Lysis Syndrome: Two patients (<1%) with advanced disease (AP-CML, BP-CML, or Ph+ ALL) treated with Iclusig developed serious tumor lysis syndrome. Hyperuricemia occurred in 7% (30/449) of patients overall; the majority had CP-CML (19 patients). Due to the potential for tumor lysis syndrome in patients with advanced disease, ensure adequate hydration and treat high uric acid levels prior to initiating therapy with Iclusig.

Compromised Wound Healing and Gastrointestinal Perforation: Since Iclusig may compromise wound healing, interrupt Iclusig for at least 1 week prior to major surgery. Serious gastrointestinal perforation (fistula) occurred in one patient 38 days post-cholecystectomy.

Embryo-Fetal Toxicity: Iclusig can cause fetal harm. If Iclusig is used during pregnancy, or if the patient becomes pregnant while taking Iclusig, the patient should be apprised of the potential hazard to the fetus. Advise women to avoid pregnancy while taking Iclusig.

Most common non-hematologic adverse reactions: (≥20%) were hypertension, rash, abdominal pain, fatigue, headache, dry skin, constipation, arthralgia, nausea, and pyrexia. Hematologic adverse reactions included thrombocytopenia, anemia, neutropenia, lymphopenia, and leukopenia.

Please see the full U.S. Prescribing Information for Iclusig, including the Boxed Warning, for additional important safety information.

Mylan Announces Worldwide Collaboration with Momenta to Jointly Develop and Commercialize Six Biosimilar Products

On January 8, 2016 Mylan N.V. (NASDAQ, TASE: MYL) reported that it has entered into an exclusive global collaboration agreement with Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) to develop, manufacture and commercialize six of Momenta’s current biosimilar candidates, including Momenta’s biosimilar candidate, ORENCIA (abatacept) (Press release, Mylan, JAN 8, 2016, View Source [SID1234523057]).

Mylan CEO Heather Bresch commented, "Mylan’s long-stated strategy has been to strategically invest in the long-term drivers of our future growth, both through our strong internal focus on R&D and through external collaboration with industry-leading partners. Biosimilars have long been one of these areas of important future growth, both for our company and our industry, given the rapidly growing market for biologic products, the undeniable patient need for more affordable versions of these life-saving medicines, and the attractive competitive landscape for the companies that are able to successfully bring these complex products at scale to the global market. This collaboration with Momenta, which is highly complementary to our partnership with Biocon, will position us as a definitive world leader in biosimilars, with a broad portfolio of 15 biosimilar/insulin analog generic products in development and the scale required to maximize investment in this area. Looking forward, Mylan will continue to expand and diversify its portfolio into such complex products, further differentiating us from other leading generics companies and establishing us at the forefront of the biologics space, while also ensuring we maintain one of the broadest, highest quality portfolios in our industry."

"This exciting collaboration with Momenta is focused on the next wave of biosimilar products and represents an important next step for Mylan, leveraging Momenta’s unique technology capabilities and Mylan’s strong science, biosimilar-development experience, operational excellence and expansive global commercial footprint. Importantly, this collaboration builds upon Mylan’s existing successful biologics and insulins collaboration with Biocon, which is focused on more near-term biosimilar opportunities. Through these partnerships, as well as the strong internal capabilities we have cultivated, Mylan is further expanding what is already one of the industry’s most robust and diverse biosimilar portfolios and helping to ensure we can deliver enhanced access to these critical products to patients around the world," continued Ms. Bresch.

Craig A. Wheeler, president and chief executive officer of Momenta Pharmaceuticals, said, "We are thrilled to welcome Mylan as our new collaboration partner for biosimilars. Our two companies have a common focus on building an industry-leading biosimilar portfolio that offers safe, effective and affordable products to the patients that need them. By combining Momenta’s proven capabilities in complex-product development and Mylan’s world-class global R&D, supply chain and commercial infrastructure, we are well positioned to become a strong competitor in this developing field. Our joint vision is to bring high quality, cost-effective biosimilar products to markets worldwide, and we believe our success will deliver a strong return to our companies’ stakeholders."

Under the agreement with Momenta, Mylan will make an up-front cash payment of $45 million and up to $200 million in contingent milestone-related payments to Momenta, with each company sharing equally in the costs and profits with respect to the products. The companies will be jointly responsible for product development, and Mylan will lead worldwide commercialization efforts. All other financial terms and product details remain confidential.

Mylan’s collaboration with Momenta builds upon Mylan’s existing biologics and insulin analog partnership with Biocon. The Biocon partnership includes six biosimilar programs (trastuzumab, pegfilgrastim, adalimumab, bevacizumab, etanercept and filgrastim) and three insulin analogs (glargine, lispro and aspart). Five of these biosimilar programs have successfully completed Phase I clinical trials, and four of the programs are in active Phase III testing. Mylan and Biocon plan on submitting three biosimilar applications and one insulin application in the U.S. and Europe in 2016. Mylan already has successfully launched its trastuzumab biosimilar product in India and other emerging markets.

Mylan President Rajiv Malik commented, "Mylan has been fully engaged in the development of biosimilars with our partner Biocon for the last six years. During that time, Mylan has cultivated strong experience and expertise in the development of biosimilar products, and is executing on our programs with the scientific and analytical rigor required to fulfill health-authority expectations. Based upon our proactive and informative interactions with global health authorities on our nine active programs, we are extremely optimistic about the strength of our current development programs with Biocon, and we look forward to deploying our expertise in our collaboration with Momenta."