Amgen To Present At The Goldman Sachs 39th Annual Global Healthcare Conference

On May 7, 2018 Amgen (NASDAQ:AMGN) reported it will present at the Goldman Sachs 39th Annual Global Healthcare Conference at 9:30 a.m. PT on Tuesday, June 12, 2018, in Rancho Palos Verdes, Calif. Elliott M. Levy, M.D., senior vice president of Research and Development at Amgen, will present at the conference (Press release, Amgen, JUN 7, 2018, View Source;p=RssLanding&cat=news&id=2353772 [SID1234527227]). Live audio of the presentation can be accessed from the Events Calendar on Amgen’s website, www.amgen.com, under Investors. A replay of the webcast will also be available on Amgen’s website for at least 90 days following the event.

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Atreca to Present Immuno-­Oncology Research Findings at 2018 World Preclinical Congress

On June 7, 2018 Atreca, Inc., a biotechnology company focused on developing novel therapeutics based on a deep
understanding of the human immune response, reported that Norman Michael Greenberg, Ph.D., Senior Vice President and Chief Scientific Officer at Atreca, will deliver a presentation highlighting progress of the Company’s advancing immuno- oncology pipeline during the 2018 World Preclinical Congress (WPC) Annual Meeting, which is taking place at Westin Copley Place in Boston, MA, June 18-21, 2018 (Press release, Atreca, JUN 7, 2018, View Source [SID1234527228]). Dr. Greenberg will report on results of Atreca’s R&D engine, Immune Repertoire Capture (IRC), to identify therapeutic antibodies for development based on patients’ responses to cancer immunotherapy.

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"The power of our IRC technology lies in its ability to accurately discover anti-ˇtumorantibodies in patients who have achieved successful outcomes following anti-cancer treatments, such as checkpoint inhibitor immunotherapy," said John A. Orwin, Atreca’s President and Chief Executive Officer. "As highlighted in this promising research, our
recombinantly expressed antibodies were able to cause tumor regression and induce durable immunity in in vivo preclinical cancer models. We are delighted to report on the progress of this and other key research at Atreca as we continue to advance our pipeline toward entry into the clinic next year."

Details regarding the oral presentation are available on the WPC website and are also
as follows:

Presentation Title: Discovery and Characterization of Functional Anti-ˇTumor Antibodies from Non-ˇProgressing Cancer Patients Undergoing Immunotherapy

Session Title: New Targets and Approaches;; Preclinical Strategies, Models & Tools in Oncology: Executive Summit
Presentation Date & Time: Tuesday, June 19, 2018, 11:05 AM ET
Location: Essex South Room, Westin Copley Place

Luye expanding I-O deal with U.S. firm Elpis to focus on CAR T therapies

On June 7, 2018 China’s Luye Pharma Group Ltd. reported that it has partnered up with U.S. biotech firm Elpis Biopharmaceuticals Corp. to work on dual target based therapies for cancer patients who fail to respond to current treatment (Press release, Luye Pharma, JUN 7, 2018, View Source [SID1234576655]). As a continuing effort of the collaboration initiated last year, the two companies signed a license agreement recently to jointly develop chimeric antigen receptor T-cell (CAR T) therapies and biologic drug candidates in immuno-oncology. "This is a global collaboration. Luye will be in charge of the development and commercialization of the co-developed products in China and will have the exclusive rights in the Chinese market," Sammy Jiang, vice president of strategy and business development at Luye, told BioWorld.

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"Elpis will be responsible for the same in the overseas market and have the exclusive rights in those markets," Jiang added. "With that said, we are still entitled to share the profits of our co-developed products in the overseas markets."

Luye and Elpis plan to build a long-term strategic partnership, working to discover and develop drug candidates, such as antibodies and CAR T therapies through the technologies developed by Elpis.

The great potential in Elpis’ in-house technology is one of the reasons Luye decided to collaborate with the Boston-based biotech firm. "Elpis’ founder has many years of experience in developing immuno-oncology drugs and CAR T therapies," Kehao Zhao, senior director of discovery biology at Luye Boston R&D, told BioWorld.

"Elpis developed a unique discovery platform to rapidly screen and develop fully human therapeutics antibodies. Their immuno-oncology expertise, particularly in CAR T therapeutics and antibody discovery technology, led to this collaboration in developing novel immuno-oncology drug candidates," Zhao added.

Their collaboration has already generated a compound that is at the IND-enabling preclinical study stage.

"The first CAR T therapy we co-developed with Elpis is dual target, which is technically more challenging to develop and can apply to broader disease areas compared with the single target CARTs. It holds more potential than the existing single target ones," said Zhao.

To treat cancer, activation of T cells through tumor-specific targeting has proved to be a powerful therapy, but still, more than half of the cancer patients fail to react to immune checkpoint inhibitors. Although currently approved CAR T targeting to single-target tumor-specific antigen has high response rate in hematological cancer treatment, many patients do not respond well or develop acquired resistance. The two companies hope to increase the effective response rate and overcome the resistance in treating cancer patients. "Besides the dual target CAR T therapies, under this partnership, we are also co-developing innovative next generation therapeutic antibodies to treat hematopoietic malignancies and solid tumors," said Zhao. "The project is currently in proof-of-concept stage. We hope to complete the animal trials by the end of this year. Then we can move it forward next year."

Growing U.S. presence

Joining the Boston team last year, Zhao carries the mission of introducing the latest technology and breakthroughs in the Boston area to Luye for its R&D of innovative drugs.

"While forming our own local R&D team in Boston, we are also seeking partners that possess advanced technologies," said Zhao. "We hope to develop innovative drugs on our own and through partnerships and internal efforts. Therefore, we can enhance our R&D capabilities for biologics and expand our development, striving for more presence in the global markets."

Luye is quickly advancing its biologics development. The company has launched five oncology products, including Tiandida (amifostine for injection) for advanced ovarian cancer or non-small-cell lung cancer, Tiandixin (lentinan for injection) for malignant tumors, Yitaida (arsenious acid and sodium chloride injection) for acute promyelocytic leukemia and primary advanced liver cancer, CMNa (sodium glycididazole for injection) for tumor radiotherapy, and Lipusu (paclitaxel liposome for injection) for ovarian cancer and metastatic ovarian cancer.

"We set our eye on biologics three years ago. Although there are a few chemical compounds in our pipeline, we plan to develop more biologics," said Jiang. "We don’t just focus on CAR T therapies, but the whole immuno-oncology area, so we think a lot about small-molecule drugs and antibodies as well." "We are also exploring the possibility of striking similar deals with other European companies that develop CAR T therapies," she added.

But before expanding into Europe, Luye has been enhancing its presence in the U.S. "We set up an office in New Jersey five years ago, which is responsible for clinical trials and new drug registrations," said Jiang. "Currently, we have four drug candidates in the U.S. that are undergoing clinical trials."

Luye has R&D centers in China, the U.S. and the EU and has five R&D platforms for long-acting and extended-release technology, liposome and targeted drug delivery, transdermal drug delivery system, new compounds and biological antibody technology.

"We actively expand our partnerships worldwide," said Jiang. "Our products are commercialized in more than 80 countries, either promoted by Luye’s in-house team or by our partners in the local markets."

BioMarin Receives Milestone Payments from Pfizer for Talazoparib

On June 7, 2018 BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) reported that the Company received $20 million in milestone payments from Pfizer Inc (Press release, BioMarin, JUL 7, 2018, View Source [SID1234527230]). These milestone payments were triggered by the U.S. Food and Drug Administration (FDA) acceptance of Pfizer’s New Drug Application (NDA) submission for talazoparib and by the European Medicines Agency (EMA) acceptance of Pfizer’s submission of a Marketing Authorization Application (MAA) for talazoparib. These milestone payments are part of an agreement made with Medivation, Inc. when the company 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 talazoparib, an investigational, once-daily, oral poly ADP ribose polymerase (PARP) inhibitor, which has been evaluated in clinical studies for the treatment of patients with germline BRCA 1/2-mutated locally advanced or metastatic breast cancer. 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 may receive up to an additional $160 million (in aggregate) upon the achievement of regulatory and sales-based milestones as well as mid-single digit royalties for talazoparib.

LIDDS: Major European Investment Funds invest 21,7 MSEK in a direct share issue

On June 7, 2018 LIDDS AB (publ) reported that it has decided on a direct share issue to Nyenburgh Holding BV, AESCAP 2.0 and BWG Invest, all being international funds that invests in closely selected European biotech- and pharma companies (Press release, Lidds, JUN 7, 2018, View Source [SID1234555913]). The raised capital will facilitate a fast acceleration of LIDDS’ development projects, including the immune-oncology field where NanoZolid based immuno-active compounds have shown very promising preclinical effects.

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The direct issue of 1 180 000 shares will add approx. 21,7 MSEK to LIDDS. Nyenburgh Holding will maintain as the third largest shareholder in LIDDS and contributes with financial strength, an excellent network and expertize within the sector. AESCAP 2.0, based in Amsterdam, is a current shareholder in LIDDS that invests in next generation medicines and builds a selected portfolio of only 20 companies across Europe and the US. BWG Invest is a top ten shareholder in LIDDS and strengthens its shareholding position through this direct share issue.

The share price of 18,38 SEK is based on volume weighted average of the share price with a 5 % discount. The share issue decision is based on the shareholders authorization on LIDDS Annual Meeting on May 16, 2018.

– The directed share issue to Nyenburgh Holding, AESCAP 2.0 and BWG Invest is an important validation of the NanoZolid technology and we are very pleased to attract these funds to increase their ownership in LIDDS. The share issue adds longer term financing of the company, resources to reach key milestones in our development projects and provides additional financial strength to conduct an effective business development process, says Monica Wallter, CEO of LIDDS.

LIDDS total number of shares after the direct issue will be 23 051 188 and the share capital will amount to 1 221 712,964 SEK when the new shares are registered with the Swedish Companies Registration Office, Bolagsverket. The dilution of shares is 5,1 %.

LIDDS will with the raised capital further accelerate the exciting NanoZolid development projects with the aim to build alliances, collaborations and license agreements.

The directed share issue to Nyenburgh Holding, AESCAP 2.0 and BWG Invest is further strengthening LIDDS owner structure and it confirms the international interest for LIDDS and the NanoZolid technology.