News Focus
News Focus
icon url

dugafish

06/10/14 8:35 PM

#179115 RE: mcbio #179113

agree with you, and a simpler explanation could be expressed that the gap up in price will be filled.
icon url

BTH

06/10/14 10:00 PM

#179124 RE: mcbio #179113

Meanwhile, Curis, with their PI3K HDAC, still wasting their time in lymphomas...lol
icon url

bladerunner1717

09/09/14 11:15 AM

#181723 RE: mcbio #179113

Cantor-Fitzgerald initiates coverage of MEIP--PT $14

Cantor Fitzgerald initiated coverage on MEI Pharma (NASDAQ: MEIP) with a Buy rating and a price target of $14.00.

Analyst Daniel Brims said, "We are initiating coverage of MEIP with a BUY rating and $14 price target, which is based primarily on lead drug candidate Pracinostat’s expected peak revenue of $700M in two indications, MDS and AML. We forecast the commercial launch of Pracinostat in 2017/2018 contributing $10/share to our valuation. MEIP has initiated three Phase 2 trials to assess Pracinostat in front-line AML and MDS, as well as refractory MDS, and we expect several important catalysts for Pracinostat during 4Q:14. Beyond Pracinostat, MEIP is also developing ME-344, which is in Phase 1B testing for small cell lung and ovarian cancer, and PWT-143, a preclinical PI3 Kinase inhibitor. We have assigned $3/share and $1/share in value, respectively, due to the early stage of development of these assets."


Bladerunner
icon url

bladerunner1717

11/06/14 10:52 AM

#183557 RE: mcbio #179113

MEIP reports improved RR in AML, will present at ASH


November 6, 2014 - 9:01 AM EST



MEIP 8.02 0.11


MEI Pharma Reports Improved Response Rates in Phase II Study of Pracinostat in Front Line Acute Myeloid Leukemia
57% CR/CRi Rate in 14 Evaluable Patients, ASH Abstract Now Available

SAN DIEGO, Nov. 6, 2014 /PRNewswire/ -- MEI Pharma, Inc. (Nasdaq: MEIP), an oncology company focused on the clinical development of novel therapies for cancer, today announced that data from a Phase II clinical study of its investigational drug candidate Pracinostat in combination with the hypomethylating agent azacitidine (marketed as Vidaza®) in elderly patients with newly diagnosed acute myeloid leukemia has been accepted for presentation at the upcoming American Society of Hematology (ASH) Annual Meeting in San Francisco.

An abstract of the presentation, entitled "Pracinostat in Combination with Azacitidine Produces a High Rate and Rapid Onset of Disease Remission in Patients with Previously Untreated Acute Myeloid Leukemia (AML)," is now available at www.hematology.org and www.meipharma.com.

As reported in the abstract (as of August 1, 2014), eight of the 14 patients evaluable for efficacy achieved a complete response (CR) or a complete response with incomplete blood count recovery (CRi). The authors conclude that this CR/CRi rate of 57% is high compared to historical results with hypomethylating agents alone in this population, noting that the responses occur rapidly, most within the first two cycles. No responders have progressed to date.


The combination of Pracinostat and azacitidine has been generally well-tolerated in the study, with no unexpected toxicities. The most common treatment emergent adverse events were neutropenia/neutropenic fever, thrombocytopenia, nausea, fatigue and anemia.

In June 2014, the Company reported a CR/CRi rate of 33% in the first nine patients enrolled, meeting the pre-specified CR/CRi rate required to advance to the second stage of the study. The open-label study is enrolling a total of 40 patients to further define the tolerability and efficacy of the regimen, including remission duration.

Interim data from up to 30 evaluable patients from 14 clinical sites will be presented by Dr. Guillermo Garcia-Manero of the MD Anderson Cancer Center, lead author and principal investigator of the study, in a poster presentation on Saturday, December 6, 2014 at 5:30 p.m. Pacific time from Hall E in the North Building of the Moscone Center in San Francisco.


In addition, the Company's management team will be hosting its 2nd Annual Analyst and Investor Day in the evening on Monday, December 8, 2014 at the Westin St. Francis in San Francisco. The event will feature updates by Daniel P. Gold, Ph.D., President and Chief Executive Officer, and Robert D. Mass, MD, Chief Medical Officer, along with a presentation by Dr. Garcia-Manero.

About Pracinostat

Pracinostat is an oral histone deacetylase (HDAC) inhibitor that has been tested in a number of Phase I and Phase II clinical trials in advanced hematologic disorders and solid tumor indications in both adult and pediatric patients. Pracinostat has been generally well tolerated in more than 300 patients to date, with manageable side effects that are often associated with drugs of this class, including fatigue, myelosuppresion and gastrointestinal toxicity. In a Phase I dose-escalation trial, Pracinostat demonstrated evidence of single-agent activity in elderly AML patients, including two out of 14 (14%) who achieved a CR, with durable responses persisting 206+ and 362 days, respectively. In addition, results from a pilot study of Pracinostat in combination with Vidaza in patients with advanced myelodysplastic syndrome (MDS) showed an overall response rate of 90% (nine out of 10), including eight patients who achieved either a CR or a CRi.

MEI Pharma owns exclusive worldwide rights to Pracinostat.

About AML

Acute myeloid leukemia (also known as acute myelogenous leukemia) is the most common acute leukemia affecting adults, and its incidence is expected to increase as the population ages. The American Cancer Society estimates about 14,590 new cases of AML per year in the U.S., with an average age of about 66. Treatment options for AML remain virtually unchanged over the past 30 years. Front line treatment consists primarily of chemotherapy, while the National Comprehensive Cancer Network (NCCN) Clinical Practice Guidelines in Oncology recommend azacitidine or decitabine (marketed as Dacogen®) as low intensity treatment options for AML patients over the age of 60 who are unsuitable for induction chemotherapy.

About MEI Pharma

MEI Pharma, Inc. (Nasdaq: MEIP) is a San Diego-based oncology company focused on the clinical development of novel therapies for cancer. The Company's lead drug candidate is Pracinostat, a potential best-in-class, oral HDAC inhibitor currently in development for MDS and AML. In August 2014, the Company completed enrollment in a randomized, placebo-controlled Phase II study of Pracinostat in combination with azacitidine in patients with previously untreated intermediate-2 or high-risk MDS. The Company plans to unblind the study and report topline data in Q1 2015. MEI Pharma is also developing ME-344, a mitochondrial inhibitor that has shown preliminary evidence of single-agent activity in a first-in-human clinical study in patients with refractory solid tumors. In September 2013, the Company further expanded its pipeline of drug candidates with the acquisition of PWT143, a highly selective PI3K delta inhibitor. For more information, go to www.meipharma.com.


Bladerunner