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Don't forget Brad Loncar's live tweets :)
BeiGene Regains Full Global Rights to Its Investigational Anti-PD-1 Antibody Tislelizumab
http://hkexir.beigene.com/en/press-release/
Blueprint Medicines Presents Updated EXPLORER Trial Data for Avapritinib in Patients with Systemic Mastocytosis at 24th EHA Congress
-- Confirmed 77% ORR per central review in advanced SM
http://ir.blueprintmedicines.com/news-releases/news-release-details/blueprint-medicines-presents-updated-explorer-trial-data
Congrats longs!
Merck to Acquire Tilos Therapeutics
JUNE 10, 2019
Merck Gains Portfolio of Investigational Antibodies Modulating TGFß
https://investors.merck.com/news/press-release-details/2019/Merck-to-Acquire-Tilos-Therapeutics/default.aspx
After reading the ILJIN letter to shareholders my first reaction was they are just acting greedy. Shareprice is great but it isn't the only indicator of stakeholder values and success. What is Aurinia really supposed to do while a multi-year trial is active? Especially in this algo-driven trading environment with naked shorting and a plethora of other issues like systemic risk, Pharma politics, trump tweets, etc, There can't be groundbreaking updates every day as we wait for late 2019/2020, especially 10-12 months ago...its running the trial, responsible cash burn QvQ which we have observed since the successful offering.
maybe there was an offer that the company turned down and ILJIN thought that would be the moment and got voted down
Perhaps there is a deeper rift here since these guys are old timers with the early days of Voclosporin. Either way is pretty bizarre, there's tons of other shady managers in biotech to get frustrated with!
Updates out of ASCO POSTER- CX072 PROBODY
- Monotherapy Expansion Cohorts Show Clinical Activity Across Multiple Cancer Types -
https://ir.cytomx.com/news-releases/news-release-details/cytomx-therapeutics-provides-update-anti-pd-l1-probody-cx-072
CTMX presenting at 2 conferences
Jefferies 2019 Global Healthcare Conference
Date: Tuesday, June 4, 2019
Time: 10:30 a.m. ET
Location: New York, New York
Goldman Sachs 40th Annual Global Healthcare Conference
Date: Wednesday, June 12, 2019
Time: 2:40 p.m. PT
Location: Rancho Palos Verdes, California
https://ir.cytomx.com/news-releases/news-release-details/cytomx-therapeutics-present-upcoming-healthcare-conferences
I do like the science potential behind iL-12 Tavo however 150% agree with you about Dan O'Connor is quite the shameless conman CEO. Makes Parker Petit look like a saint!
OncoSec Medical Incorporated Prices $11,000,000 Public Offering
3,492,063 shares of Common Stock together with Warrants to purchase up to 2,619,047 shares of Common Stock at a combined price to the public of $3.15. The Warrants will have an exercise price of $3.45
https://ir.oncosec.com/press-releases/detail/1997/oncosec-medical-incorporated-prices-11000000-public
Amgen offers to acquire Nuevolution at a 169% premium
Amgen offers SEK 32.50 in cash for each share in Nuevolution (the "Offer Price").(1) The total value of the Offer amounts to approximately SEK 1,610 million, which corresponds to approximately USD 167 million
http://investors.amgen.com/phoenix.zhtml?c=61656&p=irol-newsArticle&ID=2399361
Here's their ASCO abstract released tonight at 5pm
Preliminary results of PROCLAIM-CX-072.
http://www.abstract.asco.org/239/AbstView_239_258869.html
CTMX presenting at Bank of America Merrill Lynch 2019 Health Care Conference
https://ir.cytomx.com/news-releases/news-release-details/cytomx-therapeutics-present-bank-america-merrill-lynch-2019
CytomX Therapeutics Appoints Elaine V. Jones, Ph.D., to Board of Directors
Previously of Pfizer Ventures
https://ir.cytomx.com/news-releases/news-release-details/cytomx-therapeutics-appoints-elaine-v-jones-phd-board-directors
ASCO 2019 titles released. PROCLAIM CX-072 results to be presented 6/1/19
CX-072, a PD-L1 Probody therapeutic, as monotherapy in patients with advanced solid tumors: Preliminary results of PROCLAIM-CX-072.
https://meetinglibrary.asco.org/record/172426/abstract
Off Topic- don't forget Dew's long term position in $WFM...turned out to be a nice $AMZN buyout. Nice work, Dew, $WFM had some of the nicest price per sq ft metrics in the sector, probably enticed Bezos He and I had some enjoyable exchanges/debates on that board about their retail/margin/metric challenges $AMZN dealing with some of those challenges even today! Tune into the $WFM board posts if that is still on Ihub.
Dew is A-ok in my book!
interesting. that is rather logical as the financing isnt impressive at all unless the strategy is to buy some time for some discussions to happen.. Also wouldn't rule out them spending that time looking for a buyer...I use Ocera as an example
I'm assuming your are referring to meeting some minimum market cap or share price requirement with your reverse merger reference. Please elaborate if you wish
I don't even hold a position in ADXS and I'm bothered...Raising $10M this way with an annual burn rate of around $45-50M is nothing to be proud of. Its too bad they couldn't execute a respectable round of financing that would have funded them for well over 12 months
ADXS offering at $4 is unbelievably disappointing.
Cytomx early dosing study out of AACR
PROCLAIM-CX-2009 Dose Escalation Study Demonstrates Anti-Tumor Activity in Multiple Tumor Types -
http://ir.cytomx.com/news-releases/news-release-details/aacr-2019-presentations-highlight-cx-2009-first-class-probody
PROCLAIM-CX-2009 Dose Escalation Study Demonstrates Anti-Tumor Activity in Multiple Tumor Types -
http://ir.cytomx.com/news-releases/news-release-details/aacr-2019-presentations-highlight-cx-2009-first-class-probody
- Preliminary results of PROCLAIM-CX-2009, a first-in-human, dose-finding study of the Probody drug conjugate CX-2009 in patients with advanced solid tumors
AACR Abstract Embargo is lifted:
Background: CX-2009 is a Probodyâ„¢ drug conjugate (PDC) directed against CD166 (ubiquitously expressed in normal epithelium and overexpressed in carcinomas) that incorporates DM4, a potent but toxic microtubulin inhibitor (MTI). PDCs are preferentially activated by tumor microenvironment proteases with minimal binding in the inactive/masked state in nonmalignant tissue. Preclinically, CX-2009 led to significant tumor growth inhibition or regression in multiple solid tumor types. CX-2009 (masked) had extended exposure compared with the corresponding CD166-targeting ADC (unmasked), consistent with significantly reduced target-mediated drug disposition. These results indicate CX-2009 is efficiently activated in the tumor with low nonmalignant tissue engagement. Preliminary safety and antitumor activity from a first-in-human investigational dose escalation study are reported.
Methods: In the dose escalation of this ongoing phase 1/2 study (NCT03149549), 37 patients (pts) with advanced solid tumors received CX-2009 0.25-10 mg/kg IV every 21 days. 7 tumor types were enrolled in this study because of their high CD166 expression and MTI sensitivity: breast carcinoma (BC), castration-resistant prostate carcinoma, non-small cell lung carcinoma (NSCLC), epithelial ovarian carcinoma (EOC), endometrial carcinoma, head and neck squamous cell carcinoma, and cholangiocarcinoma. The study was initiated with accelerated dose titration in 1 single-subject cohort (0.25 mg/kg), followed by a standard 3+3 design up to 10 mg/kg to determine MTD.
Results: As of 30 Nov 2018, 37 pts were enrolled with advanced solid tumors (27% BC 27% EOC, 46% other) and a median of 6 (range 1-15) prior therapies. High CD166 by IHC was found in 14/24 tumors; median number of doses was 2 (range, 1-11), 19% of pts remain on treatment. One dose-limiting toxicity (grade 3 vomiting, 8 mg/kg) was observed. MTD was not reached at 10 mg/kg. Grade 1-2 treatment-related adverse events (TRAEs) occurred in 57% of pts and the most common (>10%) were fatigue, anorexia (16% each), infusion-related reaction, diarrhea, and nausea (14% each). Grade 3-4 TRAEs were seen in 22% of pts (most frequently keratitis: 4 pts; 8, 9, and 10 mg/kg groups) and were managed and reversed with topical steroids. Of 25 pts evaluable for radiographic response, 3 had unconfirmed partial responses (BC, 8 and 9 mg/kg; EOC, 9 mg/kg; 2 CD166 high, 1 unknown; greatest tumoral shrinkage 85%) and 1 had durable stable disease for 24 weeks (NSCLC, 6 mg/kg, CD166 low).
Conclusions: CX-2009 was tolerable at dose levels up to 10 mg/kg. Preliminary antitumor activity is observed at dose levels starting at 6 mg/kg and above, warranting further investigation. The study is ongoing, enrolling translational cohorts. PK data and data on Probody integrity in the periphery will be presented. Probody is a trademark of CytomX Therapeutics, Inc.
Source of Funding: CytomX Therapeutics, Inc.
'Yet there is an "over-focus" on Bristol-Myers Squibb's decision to shed the three projects, CytomX Chairman, President and CEO Sean McCarthy told the San Francisco Business Times. The collaboration still consists of nine other targets, he said, including the ongoing Phase I/II study that will produce preliminary data this year.'
https://www.bizjournals.com/sanfrancisco/news/2019/02/26/bristol-myers-squibb-bms-cytomx-ctmx-cancer.html
Title: A Probody Drug Conjugate Targeting CD166 (ALCAM) Enhances Preclinical Antitumor Activity of a Probody Therapeutic Targeting PD-1
Session Category: Immunology
Session Title: Combination Immunotherapies 2
Date and Time: Tuesday, April 2, 2019 8:00 a.m. - 12:00 p.m.
Location: Exhibit Hall B, Poster Section 23; Poster Board 12
Abstract Number: 3202
https://www.abstractsonline.com/pp8/#!/6812/presentation/2519
Title: CD166-DM4 Probodyâ„¢ Drug Conjugate (CX-2009) Treatment of 198 Patient-derived Xenograft Models (PDX) in a Mouse Clinical Trial Format
Session Category: Experimental and Molecular Therapeutics
Session Title: Antibody-Drug Conjugates: New Agents and Technologies
Date and Time:Sunday, March 31, 2019 1:00 p.m. - 5:00 p.m.
Location: Exhibit Hall B, Poster Section 9; Poster Board 3
Abstract Number: 212
https://www.abstractsonline.com/pp8/#!/6812/presentation/2926
Here are the three AACR titles for CytomX. 2 are not embargoed and I will post them shortly, the third remains embargoed (first on this list below in company PR)
https://ir.cytomx.com/news-releases/news-release-details/cytomx-therapeutics-announces-presentations-american-association
I'm happy for NITE longs, I tried to buy this a few months back and my order never filled so it was a watchlist for me.
Current Events Synopsis for those who want to catch up on this week's sell off
https://www.biospace.com/article/cytomx-stock-plunges-as-bristol-myers-squibb-reprioritizes-collaboration/
I nibbled at some CTMX...dont know if you guys follow Cytomx...I think despite their recent partner program woes, there's other irons in the fire that I find of interest. EOM
One thing is for sure, choosing to dump this news during an Investor R&D day made for a most unique end of day. Don't know if I agree with that strategically, but do appreciate honesty and transparency
CEO deferred a question to upcoming AACR presentation regarding a safety profile detail.I feel he wanted to answer the question on the call, but chose to wait perhaps cuz things data embargo? anyway I Will be tuned into that among many other presentations. Conference season is always exciting. I feel coming out 2018's ESMO, ASCO, ASH, SITC was absolutely brutal for immuno esp combinations. Not that some didn't work, but worked only a bit in the early looks...exciting times for oncology how requires tough stomach lol
yeah I'm impressed they have such a robust cash position without having to heavily dilute, usually we see bios floats shoot through 100M-200M shares to raise this kind of cash. I do like the irons in the fire, this isn't their first partner setback...doesnt have to be a bad thing, but I find it hard to imagine this trades near cash as it is now, going into conference season etc... If the partnerships were terminated or a bridge burnt I would be a bit more uncomforaee, CEO was quite clear on the call that partner relations are strong as ever so we shall see.
Partner woes continue for CTMX. .
hahhaha. I always imagined 2DA down deep on a dark basement slamming on a typewriter the next few paragraphs of his lawsuit against all things Kennett Sq. as far as BR is concerned. he aiiiight with me. lol
awesome stuff. may your investment sell for $45 a share according to the volleyball guy on ST
I remember Iverson, also was reviewing posts on 1/8/17 day before the buyout halt. TC posts. 'my exit price is $50. dont care.' lol. miss that dude too. I see Grandma is banned on this board. Some things never change!
I always thought Lunacy was also from the Ariad board maybe I'm mixing up the John Galt music poster from over there. remember the music vids. lol. Aurinia has shown to have solid science updates and unlike Ariad a better financial manager in Glickman (sorry wasn't impressed with Harvey), respectable control in cash burn, and talented team. I would love to see some large Pharma partner for non lupus pipeline The Lupus program is incredible very much like the Brigatinib development. showed and proved so much promise
Ihub would crash and wither like a young tech startup with no active users without our group and perhaps Dew's board. lol
the tension on this board which originated during the Ariad era is one of the best things about Ihub. thats why we need Vid back. I dont think BR had some direct involvement in Vid's ban...in fact I never heard him say anything as direct as when he dissed 2da post buyout! either way would love to hear from Vid again.. he was the one who put AUPH on our radar when it was under $3 even before Glickman sent the CEO packing and installed himself. what a find all to him. most of us rode AUPH from 3's-$10's. what an experience right after ARIAD. I owe him a lunch at the I-84 Diner as he thought breakfast would be too early.
have a great day