BioMarin Receives Milestone Payments from Pfizer for Talzenna® (Talazoparib) for Metastatic Breast Cancer Patients with an Inherited BRCA Mutation

On October 16, 2018 BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) reported that the Company earned $15 million in milestone payments from Pfizer Inc (Press release, BioMarin, OCT 16, 2018, View Source [SID1234529934]). These milestone payments were triggered by the U.S. Food and Drug Administration (FDA) approval of Talzenna (talazoparib) for the treatment of adult patients with deleterious or suspected deleterious germline BRCA (gBRCA)-mutated, HER2-negative locally advanced (LA) or metastatic breast cancer (MBC). Patients are selected for therapy based on an FDA-approved companion diagnostic. These milestone payments are part of an agreement made with Medivation, Inc. when Medivation purchased talazoparib. Medivation was acquired by Pfizer.

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In August 2015, Medivation, Inc. and BioMarin Pharmaceutical Inc. entered into an asset purchase agreement under which Medivation acquired all worldwide rights to Talzenna (talazoparib), a once-daily, oral poly ADP ribose polymerase (PARP) inhibitor. Under the agreement, Medivation, acquired by Pfizer, is responsible for all research, development, regulatory and commercialization activities for all indications on a global basis.

Under the terms of the agreement, Medivation paid BioMarin $410 million upfront, and BioMarin was entitled to receive up to an additional $160 million (in aggregate) upon the achievement of regulatory and sales-based milestones, of which $35 million has been earned to date, as well as mid-single digit royalties for Talzenna (talazoparib). In June of this year, the European Medicines Agency accepted the Marketing Application for talazoparib for this patient population and is currently reviewing the application.

Hot Company Activity Around European Society of Medical Oncology (ESMO 2018) Congress

The European Society of Medical Oncology (ESMO) (Free ESMO Whitepaper) (ESMO 2018) congress takes place in Munich, Germany between 19 Oct – 23 Oct 2018.

This conference features more than 2000 abstracts and a global presence of companies ranging from big pharma to startups like Arcus Biosciences (USA), CStone Pharmaceuticals (China), Neon Therapeutics (USA), NEOMED Therapeutics 1 (Canada) and Oblique Therapeutics (Sweden).

Read more below on the latest and hottest from companies like Arcus, AstraZeneca, Merck & Co or any of the other 40+ selection of companies generating heat about their presence at ESMO (Free ESMO Whitepaper) 2018.

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F-star Appoints Dr Eliot Forster as Chief Executive Officer

On October 15, 2018 F-star, a clinical-stage biopharmaceutical company pioneering the development of novel bispecific antibodies that target the immune system to fight cancer, reported the appointment of Dr Eliot Forster as Chief Executive Officer. Dr Forster succeeds former CEO Dr John Haurum (Press release, f-star, OCT 15, 2018, View Source [SID1234529916]).

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Eliot brings more than 25 years of extensive leadership experience in clinical-stage biopharmaceutical companies. Most recently, he served as CEO of Immunocore where he successfully steered the company’s strategy in immuno-oncology (IO), raising a $320M Series A and establishing clinical collaborations with global pharmaceutical companies including AstraZeneca, GSK and Roche. Prior to Immunocore, Eliot held senior leadership positions at Pfizer (including Head of EU Development & Operations) and GSK. During his pharma tenure, he played a critical role in the clinical development of Celebrex (celecoxib) and Relpax (eletriptan).

"Over recent years, IO has transformed the oncology treatment paradigm, offering significantly better options to patients. The co-administration of immunotherapies is expected to be the next cornerstone in cancer treatments. I believe that F-star’s first-in-class molecules bring together in a single form, the full power of IO and combinations. We anticipate this synergistic benefit will deliver more targeted, potent and safer treatment options for cancer patients," said Eliot Forster MBA, PhD, CEO of F-star. "I am honoured and excited to be joining the F-star team, to lead the Company through its next phase of development and bring life-changing medicines to patients sooner."

F-star’s Modular Antibody Technology is leading a paradigm shift in IO, with the potential to leapfrog current combination approaches. The platform, based on superior and clinically-relevant novel biology, introduces an additional antigen-binding site in the Fc region of an antibody that allows for a ‘plug-and-play’ insertion into any monoclonal antibody. The resulting novel, bivalent binding bispecific antibodies (mAb2 TM) preserve the simplicity and manufacturability of the IgG format at the same time as creating extensive bispecific treatment opportunities. F-star’s pipeline targets patients who have either limited or partial response to existing IO treatment regimens and aims to stimulate the immune response through a tumour-directed activation while reducing systemic toxicity. FS118, F-star’s lead Phase I candidate, is partnered with Merck KGaA and the Company is rapidly moving the next wave of its proprietary bispecific IO products towards clinical development.

"We are delighted to welcome Eliot as F-star’s new CEO. His proven track record in leading and developing biotech IO companies will be essential in driving F-star forward to deliver the next wave of immunotherapies for cancer patients," said Nessan Bermingham PhD, Executive Chair of F-star. "The Board is grateful to John for the pivotal role he has played in leading the Company in developing and executing a transformative strategy, positioning F-star for long-term success."

During his leadership as CEO, John led the transformation of F-star from a drug discovery platform into a successful, clinical-stage IO company. Under his leadership, F-star launched new innovative cancer drug development capabilities and established a substantial pipeline of candidates with the potential to benefit patients, especially those who are not well served by existing cancer therapies.

"It has been rewarding to lead F-star through a period of significant growth, to become a recognised leader in the bispecific space. Our approach has been validated through a series of strategic collaborations with leading pharmaceutical and biotechnology partnerships in IO with AbbVie and Merck KGaA, and in central nervous system disorders with Denali Therapeutics. We have established a pipeline with two candidates entering the clinic and generated circa $250M in funding and investment," said John Haurum MD, PhD, former CEO of F-star. "I am pleased to hand over the reins to Eliot, who is highly experienced and well positioned to lead F-star and its extraordinary staff, pipeline and partnerships, as it continues to discover and develop transformative IO therapeutics for patients in need."

Athenex and Xiangxue Life Sciences Announce Preliminary Results of Patients Receiving T-Cell Receptor Affinity Enhancing Specific T-Cell Therapy (TAEST) Showed Encouraging Positive Clinical Signals

On October 15, 2018 Athenex, Inc. (NASDAQ:ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, reported that preliminary results of pilot studies in China in which patients received T-cell receptor affinity enhancing specific T-cell therapy ("TAEST") showed encouraging positive clinical signals in terms of efficacy and safety (Press release, Athenex, OCT 15, 2018, View Source;p=RssLanding&cat=news&id=2371574 [SID1234529935]).

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The pilot studies are being conducted in China by Xiangxue Life Sciences ("XLifeSc"), a wholly-owned subsidiary of Xiangxue Pharmaceutical Co., Ltd. (Shenzhen Exchange: 300147). In July 2018, XLifeSc and Athenex entered into an agreement to establish a new joint venture named Axis Therapeutics Limited, which owns the global rights to the TAEST technology, excluding China (XLifeSc retains the mainland China rights), and in this territory Axis Therapeutics is leading the research, development and commercialization efforts of T-cell receptor-engineered T cells (TCR-T, including the TAEST technology), a form of cancer immunotherapy.

The pilot studies are focused on the testing of TAEST technology generated T-cells, with enhanced binding affinity, against the antigen NY-ESO-1 and is HLA-A*02:01 restricted. Preliminary results of TAEST technology generated T-cell therapy studied in nine end-stage cancer patients who failed all standard treatments showed the following: In the first three patients, dose escalation in one patient and full dose in two patients were tested. All three patients showed an acceptable safety profile. Two of the patients showed stable disease with survival of 6 and 10 months, respectively. One patient with lung cancer showed a small tumor reduction, and a reduction in pain and softening of the subcutaneous metastasis following treatment. Lymphodepletion was added to the protocol in patients 4 through 9. Treatment was well tolerated with fever (n=5), chills (n=4), weakness (n=4), and mild skin rash (n=3) observed. Two patients (one breast cancer, one synovial sarcoma) had more than 40% reduction in tumor size, as measured by CT scans. The patient with breast cancer also had healing of two skin metastatic ulcers. Two other patients (one liver cancer patient with retroperitoneal recurrence after resection, one with thyroid cancer) showed stable disease. Both of these patients showed significant tumor necrosis shortly after the treatment, resulting in the formation of cavitation in the middle of the tumors. Clinically, there was also symptomatic relief of local pain reported during the period of radiologic evidence of increased tumor necrosis. The remaining two patients with lung cancer had stable disease for more than 60 days after treatment. This study also observed the expected cytokine response, detection of TCR-expression on T-cells, and persistence of the introduced TCR-gene in all patients during therapy.

An abstract with more detailed data will be submitted for presentation at an international scientific meeting.

Dr. Yi Li, Chief Scientific Officer of Axis Therapeutics and XLifeSc, stated, "We believe our TAEST technology has four distinct advantages: first, our engineered TCR has an improved binding affinity; second, our engineered TCR has excellent expression level on the engineered T-cells; third, we have demonstrated in this pilot study that our engineered TCR genes persisted in these patients; and finally, we have developed other HLA subtypes and we will be able to treat more patients with different HLA subtypes in the near future."

Dr. Johnson Lau, Vice Chairman and CEO of Axis Therapeutics and Chairman and CEO of Athenex, said, "We are excited by the positive clinical signal observed in this group of patients. The safety profile is within expectations and within acceptable limits of cancer therapy. The observation of clinical signal in these patients, with tumor reduction of more than 40% in two patients and significant tumor necrosis after treatment in two others, indicates that this approach showed anti-tumor activity even in late stage cancer patients. We have also followed the circulating level of the engineered T-cells and inserted gene expression and so far, their persistence in the patients’ circulation suggested that this approach can have the desired effect of having a consistent anti-tumor immune response for at least a moderate amount of time. More work will be done soon to define the best treatment protocol to advance this program. We are very grateful to Perceptive Advisors for their support and confidence in our team which made this joint venture possible."

Mr. YongHui Wang, Chairman of Axis Therapeutics and Chairman and CEO of Xiangxue Pharmaceutical, stated, "We are very impressed by the scientific and management skills that Athenex team contributes to this joint venture. We are excited to see these encouraging preliminary clinical data. We have full confidence in our collaboration and strongly believe that we will make a meaningful contribution to the arsenal of cancer treatment options for patients worldwide."

Axis Therapeutics is also announcing the line-up of the management team, with Mr. YongHui Wang as the Chairman of the Board, Dr. Johnson Lau as Vice-Chairman and CEO, Dr. Yi Li as Chief Scientific Officer, Dr. WingKai Chan as Chief Medical Officer, and Ms. Jacqueline Li as the Chief Financial Officer.

Delcath Expands Rollout of Registration Trial in Metastatic Ocular Melanoma

On October 15, 2018 Delcath Systems, Inc. (OTCQB: DCTH), an interventional oncology company focused on the treatment of primary and metastatic cancers of the liver, reported the addition of six major cancers in the United States that have adopted the amended trial protocol for the company’s registration trial in ocular melanoma liver metastases (Press release, Delcath Systems, OCT 15, 2018, View Source;p=RssLanding&cat=news&id=2371612 [SID1234529999]). These centers join Stanford Medical Center in initiating enrollment in the amended trial, giving the company wide geographic coverage in the United States. Joining Stanford Medical Center are:

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Moffitt Cancer Center – Tampa, FL Center 1
Thomas Jefferson University Hospital – Philadelphia, PA
Emory University Hospital, Atlanta, GA
Methodist University Hospital, Memphis, TN
The University of Arizona Medical Center, Tucson, AZ
Ohio State University Cancer Care Center – Columbus, OH
The trial, A Single-arm, Multi-Center, Open-Label Study to Evaluate the Efficacy, Safety and Pharmacokinetics of Melphalan/HDS Treatment in Patients with Hepatic-Dominant Ocular Melanoma (The FOCUS Trial), is enrolling a minimum of 80 patients with ocular melanoma metastatic to the liver. The Company expects approximately 30 leading cancer centers in the U.S. and Europe to participate in the amended FOCUS Trial.

"Our team has been working diligently with participating medical centers to expedite the adoption of the new single-arm protocol," said Jennifer K. Simpson, PhD, MSN, CRNP, President and Chief Executive Officer of Delcath Systems. "These additional centers provide greater geographic coverage for this trial, which will help improve patient access. We look forward to the adoption of the amended protocol by additional centers in both the United States and Europe in the coming weeks and are working hard to achieve our goal of completing trial enrollment by the end of the first half of 2019."