TESARO to Announce Second-Quarter 2018 Financial Results on August 2, 2018

On July 20, 2018 TESARO, Inc. (NASDAQ:TSRO) reported that it will announce second-quarter 2018 financial results on Thursday, August 2, 2018, after the close of the U.S. financial markets (Press release, TESARO, JUL 20, 2018, View Source [SID1234527800]). TESARO’s senior management team will host a conference call and live audio webcast at 4:15 p.m. ET on August 2, 2018 to discuss the Company’s operating results for the quarter in greater detail, as well as the status of its development programs.

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This quarterly earnings call will be available via phone and webcast. The conference call dial-in information is listed below. To access the webcast, please log on to the TESARO website at www.tesarobio.com at least 15 minutes prior to the start of the call to ensure adequate time for any software downloads that may be required.

The Hot Pursuit of the CD47-SIRPA Axis in Oncology

Targeting the CD47-SIRPα axis is emerging as one of the most promising new cancer immunotherapy approaches seeking to target the innate immune response. A recent analysis reveals just how intense the global interest is and a growing list of stakeholders operating in this field.

Highest Stage Breakdown of CD47/SIRPα Molecules

Most of the identified molecules are either anti-CD47 antibodies or SIRPα-Fc recombinant proteins. In healthy cells, CD47 serves as a “don’t eat me” signal by binding to the transmembrane SIRPα protein on phagocytic cells, preventing the engulfment of “self” by macrophages. In several cancer types, tumor cells overexpress CD47 to elude the immune system. Exploration of this property has been the driving force to attract hundreds of million of dollars in investments to companies like Tioma Therapeutics (now Arch Oncology), Surface Oncology and Forty Seven, the latter of which has just recently completed a $100M+ IPO. Deals in this area include the early adopter move in 2012 by Celgene securing Inhibrx’ anti-CD47 antibody in a $500 million dollar deal to the recent billion dollar plus agreement between OSE Immunotherapeutics and Boehringer Ingelheim.

On the patent front, it is evident that that the Synthon/Sanquin Blood Supply intellectual property rights hold some clout in the CD47 world following Forty Seven’s $47 million settlement and license agreement with Synthon. The license agreement also includes some far reaching concessions by Forty Seven in order for them to obtain freedom to operate. Moreover a recent patent analysis accessible in this product shows several new CD47/SIRPA bispecific/fusion-proteins, CD47 mimetics and additional, previously unknown, combination therapy strategies set forth along with methods for determining responsiveness to anti-cd47 agent

CD47/SIRPα Molecules Are In Development in Thirty Five Different Tumor Types

On the clinical development front, this report identifies fewer than ten molecules targeting the CD47-SIRPα axis which have made it into the clinic. So far with encouraging results, following the early termination of a Phase I/II trial of Tioma’s Ti-061 in late 2017.

Several of these trials also shed light on biomarker- and combination therapies of interest. On the horizon, this field will soon have another injection of candidate therapies with bispecific CD47 antibodies entering the clinic in late 2018 or early 2019.

The CD47/SIRPα Molecules Are Also Targeting Thirteen Other Targets, Including Bispecific Antibodies

Moreover, targeting the CD47-SIRPα axis also has the potential to become the combination therapy of choice as has already been demonstrated via mediating longer survival in mice together with oncolytic virotherapy and enhancing phagocytic capacity when used together with Carisma Therapeutics’ CAR macrophages. Carisma Therapeutics themselves have just announced a $53 million series A round of financing in order to develop its novel CAR macrophage cellular immunotherapy and is estimating that their project(s) will enter into the clinic in 2019.

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Alkermes to Host Conference Call to Discuss Second Quarter 2018 Financial Results

On July 19, 2018 Alkermes plc (Nasdaq: ALKS) reported that it will host a conference call and webcast presentation at 8:30 a.m. ET (1:30 p.m. BST) on Thursday, July 26, 2018, to discuss the company’s second quarter 2018 financial results (Press release, Alkermes, JUL 19, 2018, View Source;p=RssLanding&cat=news&id=2359115 [SID1234527783]). Management will also provide an update on the company.

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The webcast player and accompanying slides may be accessed on the Investors section of Alkermes’ website at www.alkermes.com. The conference call may be accessed by dialing +1 888 424 8151 for U.S. callers and +1 847 585 4422 for international callers. The conference call ID number is 6037988.

A replay of the conference call will be available from 11:00 a.m. ET (4:00 p.m. BST) on Thursday, July 26, 2018, through 5:00 p.m. ET (10:00 p.m. BST) on Thursday, Aug. 2, 2018, and may be accessed by visiting Alkermes’ website or by dialing +1 888 843 7419 for U.S. callers and +1 630 652 3042 for international callers. The replay access code is 6037988.

GT BIOPHARMA INC. ANNOUNCES AGREEMENT WITH A MAJOR PHARMACEUTICAL COMPANY TO STUDY ITS DRUG CANDIDATE OXS-1550 IN COMBINATION WITH A MULTI-BILLION DOLLAR ONCOLOGY DRUG

On July 19, 2018 GT Biopharma Inc. (GTBP) and (Euronext Paris: GTBP.PA) reported a Material Transfer Agreement (MTA) between a Major Pharmaceutical Company and Dr. Daniel Vallera, Director, Section of Molecular Cancer Therapeutics at the Masonic Cancer Center, University of Minnesota (Press release, GT Biopharma , JUL 19, 2018, View Source [SID1234539527]).

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Under the terms of the agreement, this Major Pharmaceutical Company will supply a formulation of their multibillion dollar, widely prescribed oncology drug, which has been approved for use in several hematologic malignancies to Dr. Vallera to be used in this study.

Dr. Vallera is the lead researcher for GT Biopharma’s bispecific antibody drug conjugate (ADC) program, and the innovator of oncology drug candidate DT2219, also known as OXS-1550. OXS-1550 targets two antigens on cancer cells and contains a cytotoxic payload thereby increasing the probability it will kill the cancer cells. OXS-1550 targets cancer cells expressing the CD19 receptor and/or CD22 receptors which includes B-cell leukemias and lymphomas and has a modified form of diphtheria toxin (DT390) as its cytotoxic drug payload. After OXS-1550 binds to cancer cells, it is taken in by the cancer cells and subsequently deploy its cytotoxic diphtheria toxin payload which inhibits protein synthesis and kills the cancer cells.

Initial pre-clinical work performed by Dr. Vallera suggests a much greater effect when OXS-1550 is given in combination with this established oncology drug. Dr. Vallera said: "I am looking forward to conducting these experiments. Early work suggests that these two agents would be a great combination in the treatment of certain cancers. This initial work will assist us in deciding what tumors to target and the doses to employ."

GT Biopharma’s Chairman and Chief Executive Officer (CEO) Dr. Raymond Urbanski said: "This is a tremendous step forward for the OXS-1550 program. Pre-clinical data suggests that the combination of OXS-1550 and this agent is highly potent against certain tumor cell lines. This MTA will allow further studies in animal models to both confirm the effects as well as ascertain which tumor types are the most susceptible to this potent combination."

AVEO Oncology Issues Statement Regarding Revised TIVO-3 Trial Guidance

On July 19, 2018 AVEO Oncology (NASDAQ: AVEO) reported the following statement regarding its recently revised guidance on the timing of topline data from the TIVO-3 study, its Phase 3 trial of tivozanib as a third-line treatment for advanced renal cell carcinoma (Press release, AVEO, JUL 19, 2018, View Source;p=RssLanding&cat=news&id=2358973 [SID1234527784]).

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"The Company expects to report topline results from the TIVO-3 study in the fourth quarter of 2018, approximately 6-8 weeks after the trial records 255 progression free survival (PFS) events. This change in guidance from the third quarter of 2018 is the result of PFS events occurring slower than forecasted, combined with ten patients being removed or ‘censored’ from the PFS event count. The one-time adjustment in the event count is the result of an administrative error that occurred from counting, as PFS events, the deaths of ten patients who had left the study without documented radiographic progression. These deaths will be counted only as overall survival (OS) events. Per regulatory guidance and the TIVO-3 protocol, among patients who leave the study without documented disease progression, only those who die within eight weeks of their last study assessment and have not started another therapy can be counted as a PFS event. Following the adjustment, and as of yesterday, the PFS event count is 243."

"Study data remains blinded to the Company and no changes in study assumptions have been made. The administrative error was discovered as part of the data cleaning and review process. The data review process was initiated in an effort to shorten the data analysis period between reaching the 255 PFS events (database lock) and the announcement of topline data. By correcting the administrative error prior to database lock, the intended statistical powering of the study has been unaffected. The Company plans to announce when 255 PFS events have occurred and the topline data analysis for the trial has been initiated."