G1 Therapeutics Announces Positive Trilaciclib Phase 2a Topline Data Showing Robust Myelopreservation Benefits in Patients with Small Cell Lung Cancer

G1 Therapeutics Announces Positive Trilaciclib Phase 2a Topline Data Showing Robust Myelopreservation Benefits in Patients with Small Cell Lung Cancer

March 5, 2018 / Portfolio News
  • Statistically significant results highlight benefit of trilaciclib in several prospectively-defined parameters, including: Grade 4 neutropenia, G-CSF usage, and chemotherapy dose reductions and delays
  • Clinically meaningful data favoring trilaciclib versus placebo, including: febrile neutropenia, Grade 3/4 anemia, and red blood cell transfusions
  • Management to host webcast and conference call today at 8 a.m. EST

RESEARCH TRIANGLE PARK, N.C., March 05, 2018 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc. (Nasdaq:GTHX), a clinical-stage oncology company, today announced positive topline data from its Phase 2a trial evaluating trilaciclib in patients undergoing chemotherapy for first-line small cell lung cancer (SCLC). Trilaciclib is a potential first-in-class short-acting CDK4/6 inhibitor in development to preserve hematopoietic stem cells and enhance immune system function (myelopreservation) during chemotherapy.

“The data from this trial showed clear evidence that trilaciclib preserved bone marrow and immune system function from the damaging effects of chemotherapy,” said Raj Malik, M.D., Chief Medical Officer and Senior Vice President, R&D. “Moreover, the myelopreservation effects demonstrated by trilaciclib improved patient outcomes. Chemotherapy continues to be a cornerstone of cancer treatment, and trilaciclib has the potential to benefit many of these patients.”

Trial Design
This double-blind, placebo-controlled trial enrolled participants with a confirmed diagnosis of extensive-stage SCLC. The trial randomized 77 treatment-naïve participants in a 1:1 ratio, and 75 received trilaciclib or placebo administered intravenously prior to each dose of standard-of-care etoposide and carboplatin (EP) chemotherapy. Participants in both arms of the trial were able to receive standard supportive care as recommended by the trial investigator. Growth factors, including granulocyte colony-stimulating factor (G-CSF) and erythropoietin, and transfusion support were available to all participants. The statistical analysis plan prospectively defined several clinically-relevant hematologic endpoints.

Key Trial Findings
Data from this signal-generating Phase 2a trial demonstrated that trilaciclib reduced clinically relevant consequences of chemotherapy-induced myelosuppression versus placebo. Trilaciclib was well tolerated, with no Grade 3/4 trilaciclib-related treatment emergent adverse events (TEAEs) reported. Baseline demographics and disease characteristics were generally well balanced between the two arms. Key hematological results are shown in the table below.

Parameter EP(1) + placebo Patients
N = 37
EP + trilaciclib Patients
N = 38
% Reduction P-
value (2)
Patients with Gr 3/4 Hematologic TEAEs 27 (73.0%) 9 (23.7%) 67.5% <0.0001
Patients with Gr 3/4 Neutropenia 30 (81.1%) 15 (39.5%) 51.3% 0.0002
Patients with Gr 4 Neutropenia 16 (43.2%) 2 (5.3%) 87.7% 0.0001
Patients with Gr 4 Neutropenia in Cycle 1 13 (35.1%) 1 (2.6%) 92.6% 0.0003
Cycles with Febrile Neutropenia 5 1 80.8% 0.1542
Patients with Febrile Neutropenia 3 (8.1%) 1 (2.6%) 67.9% 0.2773
Patients with G-CSF Administration 24 (64.9%) 4 (10.5%) 83.8% <0.0001
Patients with Chemotherapy Cycle Delays 25 (67.6%) 15 (39.5%) 41.6% 0.0170
Patients with Chemotherapy Dose Reductions 13 (35.1%) 3 (7.9%) 77.5% 0.0033
  1. etoposide and carboplatin
  2. significance testing at two-sided alpha = 0.2 per prospectively defined analysis plan

The trilaciclib arm also showed favorable trends with reduced Grade 3 anemia, red blood cell transfusions, and Grade 3 thrombocytopenia versus placebo. There was no Grade 4 anemia or thrombocytopenia in either arm.

In addition to demonstrating myelopreservation benefits across multiple hematopoietic lineages, trilaciclib showed favorable trends versus placebo for overall response rate (ORR), duration of response (DOR), and progression free survival (PFS). The survival data are still immature.

  • ORR by blinded independent central review (BICR): trilaciclib 66.7%, placebo 62.2% (p=0.6759)
  • Median DOR (BICR): trilaciclib 5.7 months, placebo 4.3 months (p=0.1449)
  • PFS (investigator, including clinical progression) median: trilaciclib 6.2 months, placebo 5.0 months (hazard ratio 0.6, p=0.06)

The company plans to share these data with U.S. and European regulatory authorities this year and discuss next steps for the development of trilaciclib. The company also plans to present results from this trial, including updated data from the Phase 1b portion, at a medical meeting later this year.

G1 is currently conducting two additional clinical trials of trilaciclib to assess myelopreservation in second- / third-line SCLC and first- / second- / third-line triple-negative breast cancer, with preliminary data from both trials expected in the fourth quarter of 2018. In addition to myelopreservation, trilaciclib’s effect on overall survival (OS) is being evaluated in a Phase 2a trial in first-line extensive stage SCLC as part of a combination regimen with Tecentriq® / carboplatin / etoposide. Enrollment of that trial was completed last month, two quarters ahead of schedule.

“The strength of this dataset provides us with a solid foundation to advance the development of trilaciclib and its ultimate commercialization,” said Mark Velleca, M.D., Ph.D., Chief Executive Officer. “As shown by our non-exclusive collaboration with Genentech, there is significant interest in combining trilaciclib with checkpoint inhibitor / chemotherapy regimens. We believe that trilaciclib has the potential to become backbone therapy for multiple chemotherapeutic regimens across a variety of cancer types, delivering significant benefits to patients and creating a substantial long-term commercial opportunity.”

Webcast and Conference Call
The G1 management team will host a conference call and webcast at 8 a.m. EST today. The live call may be accessed by dialing 866-763-6020 (domestic) or 210-874-7713 (international) and entering the conference code: 3098523. A live and archived webcast will be available in the Investors section of G1’s website at www.g1therapeutics.com.

About Trilaciclib (G1T28) 
Trilaciclib is a potential first-in-class short-acting CDK4/6 inhibitor in development to preserve hematopoietic stem cells and enhance immune system function during chemotherapy. Trilaciclib is administered intravenously prior to chemotherapy and has the potential to significantly improve treatment outcomes.

Trilaciclib is being evaluated in four randomized Phase 2 clinical trials: a trial in newly diagnosed, treatment-naive SCLC patients (NCT02499770), a trial in previously treated SCLC patients (NCT02514447), a trial in patients with triple-negative breast cancer (NCT02978716), and a trial in combination with Tecentriq® and chemotherapy in SCLC patients (NCT03041311).

About G1 Therapeutics
G1 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapeutics for the treatment of cancer. G1’s two clinical assets, trilaciclib and G1T38, are CDK4/6 inhibitors, a validated and promising class of targets for anti-cancer therapeutics. Trilaciclib and G1T38 have broad therapeutic potential in many forms of cancer and may serve as the backbone of multiple combination regimens. In addition, G1 is advancing G1T48, a potential first- / best-in-class oral selective estrogen receptor degrader, or SERD, which is targeted for the treatment of ER+ breast cancer.

G1 is based in Research Triangle Park, N.C. For additional information, please visit www.g1therapeutics.com and follow us on Twitter @G1Therapeutics.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “plan,” “anticipate,” “estimate,” “intend” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the therapeutic potential of trilaciclib, G1T38 and G1T48, and are based on G1 Therapeutics’ expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Factors that may cause G1 Therapeutics’ actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in G1 Therapeutics’ filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” sections contained therein and include, but are not limited to, the inherent uncertainties associated with developing new products or technologies and operating as a development-stage company; G1 Therapeutics’ ability to complete clinical trials for, obtain approvals for and commercialize any of its product candidates; G1 Therapeutics’ ability to recruit and enroll participants in its studies; competition in the industry in which G1 Therapeutics operates; and market conditions. Except as required by law, G1 Therapeutics assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Contact:
Jeff Macdonald
Head of Investor Relations / Public Relations
919-907-1944
jmacdonald@g1therapeutics.com

Aurinia Named Company of the Year by LifeSciences BC

February 20, 2018 / Portfolio News

VICTORIA, British Columbia–(BUSINESS WIRE)–Aurinia Pharmaceuticals Inc., (NASDAQ: AUPH / TSX: AUP) today announced it has received this year’s Company of the Year Award from LifeSciences BC. The 2018 LifeSciences BC award winners will be recognized at this year’s annual dinner presented by FARRIS, held on April 19, 2018 in Vancouver.

“As a company that has its roots in British Columbia, we are thrilled to accept this award,” said Richard M. Glickman, Chairman and CEO of Aurinia. “I am proud of Aurinia’s progress over the last year and our ability to contribute to the advancement of the life sciences in our native British Columbia. Our drive to succeed is fueled by patients and their families, who continue to inspire us as we work to make innovative therapies available as quickly and efficiently as possible.”

About Aurinia
Aurinia is a clinical stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. The company is currently developing an investigational drug, for the treatment of lupus nephritis (LN), focal segmental glomerulosclerosis (FSGS), minimal change disease MCD and dry eye syndrome (DES). The company is headquartered in Victoria, BC and focuses its development efforts globally. For further information, see our website at www.auriniapharma.com.

About LifeSciences BC
LifeSciences BC is a not-for-profit, non-government, industry association that supports and represents the life sciences community of British Columbia through leadership, facilitation of investment and partnering, advocacy, and promotion of our world-class science and industry. Life sciences sectors, from biopharmaceuticals and medical technology, to digital health and medical devices, are integrated into our organization and all that we do, ensuring that no life sciences sector is working in isolation — and that all sectors come together in a comprehensive, complementary and coordinated fashion. Throughout the year, LifeSciences BC undertakes numerous programs and projects in support of these sectors. These include public policy initiatives, facilitating linkages between global industry and our local organizations, raising the profile of our industry internationally and thus facilitating investment and global partnering opportunities, and helping nurture economic development in British Columbia through the life sciences industry.

We seek safe harbor.

Contacts

Aurinia Pharmaceuticals Inc.
Investor Contact:
Celia Economides
VP, Corporate & Public Affairs
IR@auriniapharma.com
or
Media:
Christopher Hippolyte, 212-364-0458
Christopher.hippolyte@inventivhealth.com

Celtaxsys announces the issue of four new patents expanding its pipeline of selective leukotriene B4 modulation anti-inflammatory medicines

February 1, 2018 / Portfolio News
  • New patents build on previously granted composition of matter protection for acebilustat, with additional intellectual protection for use in cystic fibrosis, as well as new compositions for second generation anti-inflammatory molecules
  • Acebilustat, the most advanced new candidate in the CF anti-inflammatory pipeline, is a first in-class, oral anti-inflammatory medicine currently being assessed in a landmark CF lung function preservation trial, top line results of which will be reported in mid-2018

 

ATLANTA, Feb. 01, 2018 (GLOBE NEWSWIRE) — Celtaxsys, Inc., a clinical stage pharmaceutical development company focused on advancing treatments for patients with rare inflammatory diseases, announced today the issuance of four new patents, extending its leadership position in development of a robust pipeline of inhibitors of Leukotriene A4 Hydrolase (LTA4H), the key rate limiting enzyme in production of the inflammatory mediator Leukotriene B4 (LTB4).  LTB4 is a potent mediator of neutrophil activity and when over-expressed, can lead to hyper-activation of neutrophils, resulting in sustained inflammation, tissue damage and reduced organ function, including in the lungs of CF patients.   By modulating the over-production of LTB4, acebilustat and second generation LTA4H inhibitors, have the potential to return neutrophil response to a more healthy state (homeostasis), thereby reducing immune mediated morbidity and mortality.  These new patents cover core intellectual property to 2034 before addition of extensions.

 

Said Andrew Luster, MD PhD, Chief of Rheumatology, Allergy & Immunology at Massachusetts General Hospital, and the Persis, Cyrus and Marlow B. Harrison Professor of Medicine at Harvard Medical School, “The field of LTA4H inhibitors is a largely untapped arena for treatment of human diseases. Emerging science in the field of LTA4H and LTB4 points to potential applications across many serious inflammatory diseases including CF, bronchiectasis, bullous dermatoses, NASH and cancer.”

 

One new patent (US patent 9,820,974 B2) covers use of the company’s flagship anti-inflammatory drug candidate, acebilustat, for treatment of cystic fibrosis (CF). This patent expands and extends the previously issued intellectual property portfolio surrounding acebilustat composition of matter. Acebilustat is the most advanced anti-inflammatory drug candidate in the CF pipeline. It is currently being studied in a Phase 2b trial (EMPIRE-CF) testing its ability to stem lung function decline and reduce pulmonary exacerbations over 48 weeks of treatment. The trial is fully enrolled and topline results are expected in mid-2018.

 

Three additional patents (US patents 9,822,106 B2; 9,856,249 B2; and 9,777,006 B2) cover new compositions of matter for second generation LTA4H inhibitors. These second generation compounds bolster the company’s LTA4H inhibitor platform covering novel compositions that provide an expanded array of properties to facilitate development of topical, inhaled and parenteral formulations as well as providing differential selectivity across functions of LTA4H. Additional patent filings are planned as Celtaxsys continues to extend its leadership position in the field of LTA4H inhibition.

 

“The expansion of our intellectual property platform represents important and continued progress for Celtaxsys, as well as for the 75,000 CF patients who are counting on companies like Celtaxsys to develop a safe and effective treatment for lung inflammation, which is still the leading cause of morbidity and mortality in CF,” said Greg Duncan, Celtaxsys CEO.

 

About acebilustat: Acebilustat is a once-daily oral drug candidate currently in Phase 2 development. It is a novel small molecule inhibitor of Leukotriene A4 Hydrolase (LTA4H), the key enzyme in the production of the potent inflammatory mediator Leukotriene B4 (LTB4). LTB4 can create an over activation of neutrophil mediated immune response and inflammation and has been strongly implicated in the pathogenesis of many diseases involving excessive inflammation, including Cystic Fibrosis.  More specifically, an overactive immune response driven by neutrophils results in excessive inflammation in the CF lung. This causes lung clogging and irreversible damage resulting in excessive morbidity and mortality in CF patients. Acebilustat modulates the neutrophil driven immune response bringing the inflammation to homeostasis, preventing overactive inflammation from occurring and thus could be potentially helpful in CF patients.  By contrast, pro-resolving agents theoretically tone down inflammation once it is overactive and already contributing to lung damage in patients. Furthermore, unlike immunosuppressive treatments, such as corticosteroids, acebilustat has not demonstrated any evidence of immunosuppression in preclinical studies or in clinical trials in humans, including healthy volunteers and CF patients.  Acebilustat is the most advanced therapy in development in the CF anti-inflammatory pipeline.  Results from an ongoing acebilustat Phase 2b lung preservation trial, conducted with the scientific and financial support of the CF Foundation, are expected in mid-2018.

 

About Cystic Fibrosis: Cystic fibrosis (CF) is a life-threatening disease that affects the lung and digestive system of 70,000 patients worldwide. CF is caused by mutations in the Cystic Fibrosis Transmembrane conductance Regulator (CFTR) gene leading to abnormal CFTR protein functioning, which causes excessively high levels of thick mucus to accumulate in the lungs, pancreas, and GI tract.  Thickened mucus clogs the lungs and serves as a perfect environment to catalyze persistent bacterial infection of the lungs.  Chronic infection of the lungs in turn elicits an excessive neutrophil driven inflammatory immune response, with the overabundance of neutrophils clogging the lungs, thereby further compromising a patient’s breathing capacity.  Excessive production of a neutrophil byproduct, neutrophil elastase, has been shown to be the best predictor of lung damage and dysfunction over the life of a CF patient.  Paradoxically, excessive production of a neutrophil elastase can also lead to reduced bacterial clearance.  Over time, the amplification of this synergistic cycle of infection and inflammation leads to lung function decline and an increase in life-threatening pulmonary exacerbations.  Lung inflammation is still the leading cause of morbidity and mortality associated with CF leading the CF Foundation to identify development of safe and effective anti-inflammatory therapies as a key research priority.  For more information about CF, visit: www.cff.org.

 

About Celtaxsys: Celtaxsys is a privately-held drug discovery and development company focused on advancing treatments for serious inflammatory diseases. The company is building a sustainable pipeline of first-in-class immuno-modulators, the most advanced of which is acebilustat. For more information, visit www.celtaxsys.com.

 

Media Contact: Angela Walsh
awalsh@celtaxsys.com
470-206-0153 ext. 124

Venture capital helps finance Canadian drug development

January 31, 2018 / Portfolio News

Canada’s Edesa Biotech Inc. is one step closer to making a drug to treat diseases in dermatology and gastroenterology a reality, with funding that includes an investment from Spain, secured with the help of the Canadian Trade Commissioner Service (TCS).

Bringing a new drug to market is a long, complex and expensive process. Edesa Biotech Inc., an emerging specialty pharmaceutical company in Markham, Ont., has already met with some international success as it develops a novel drug to treat diseases in dermatology and gastroenterology.

In September 2017, the company announced that it completed its first major round of financing with a syndicate that includes one of the top venture capital (VC) firms in Spain, an investment it obtained with assistance from the TCS. The $7 million “Series A” financing will allow the two-year-old start-up to carry out Phase 2b clinical trials on a molecule that it has licenced for the treatment of allergic contact dermatitis. The funding will also help support proof-of-concept studies using the product on hemorrhoids and anal fissures.

“There’s definitely an opportunity to improve patients’ quality of life,” says Dr. Par Nijhawan, a gastroenterologist who is the founder and CEO of the clinical-stage private company, noting that the key is that the treatment is non-steroidal, so that it can be tolerated better and used longer than current drugs. “This financing will now allow us to advance development on a series of novel treatments that provide the opportunity for significant positive patient impact in the relatively near future.”

Nijhawan, a serial entrepreneur whose company has five employees, says there have been “no new effective treatment options in the last three or four decades” for contact dermatitis and anorectal dermatological disorders, which are extremely prevalent and tend to be recurring. The new molecule being tested is intended to block the “inflammatory cascade” involved in the conditions. Phase 2a trials have been completed for the new medication on contact dermatitis.

The financing syndicate, led by Lumira Capital of Toronto, a VC fund that specializes in health care investments, includes participation from Inveready Technology Investment Group of Barcelona, and Montreal’s Pharmascience Inc., a Canadian pharmaceutical company as well as two Canadian family offices.

Over the last year Peter van der Velden, managing general partner of Lumira Capital, began work on putting together a syndicate to continue the process of clinical studies and commercialization for the drug.

The common element between Nijhawan and van der Velden that led to the investment by Inveready is Aurora Polo, a trade commissioner in Barcelona whose responsibilities include the life sciences and health industries in Spain. Polo assists Canadian companies and institutions with the Spanish market in terms of trade, science and technology, and identifies potential Spanish investors that could invest in Canada.

Nijhawan, with the support of a TCS program called Going Global Innovation (GGI), started focusing on potential international investors for his drug development. GGI gives Canadian innovators up to $75,000 to help formalize agreements to undertake technology commercialization with foreign organizations. The funds may be used to offset a variety of costs they face when participating in targeted meetings with foreign collaborators.

A recent co-investment into an Ontario start-up marks the first time a Spanish life sciences venture capital firm is funding a Canadian pharmaceutical company project, opening a window on a sector full of opportunities.

The Markham, Ont.-based pharmaceutical start-up company Edesa Biotech Inc. has secured $7 million in financing from a syndicate led by Lumira Capital of Toronto, Inveready Technology Investment Group of Barcelona, and Pharmascience Inc. of Montreal—the first such investment for a Spanish VC firm.

Facilitating contacts between Spanish and Canadian VC firms is crucial in the sector, says Aurora Polo who is with the Canadian Trade Commissioner Service (TCS) in Barcelona. Polo adds that she is pleased she was able to bring the companies together.

Spain is one of the top five pharmaceutical and medical device markets in Europe and ranks among the top 10 markets worldwide, notes Polo, a trade commissioner whose responsibilities include the life sciences and health industries sector in Spain. “The big majority of Spanish companies have an international presence and are very open to international partnerships and collaborations.”

Under the new Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union, “trade, science and technology collaboration opportunities will certainly increase, as well as investment opportunities,” Polo says. “The agreement should bring a whole new spectrum of opportunities in this sector between Spanish and Canadian companies.”

Canadian companies in the sector should consider Spain for potential customers, distributors and partners, with the help of the TCS, Polo says. “Establishing contact with us certainly helps them get the right support. We are here to help with the market from the very beginning of their interest in Spain.”

Canadian organizations, companies and institutions in the health and life sciences sectors that are interested in Spain should travel to the country and consider attending key upcoming events taking place there, Polo recommends.

Upcoming life sciences events in Spain include Biospain 2018, in Seville September 2018 and CPhI Worldwide, in Madrid in October 2018.

“GGI helps ease the burden of the cost of development outside of Canada. It subsidizes your travel, but it’s still up to you to get out there and show that you can execute…It is well worth it,” says Nijhawan, who used the GGI funds to attend massive global partnering conferences that attract the “who’s who” from biotech, pharma and finance. These included the BIO International Convention, held in June 2016 in San Francisco, and BIO-Europe Spring, which was held in Barcelona in March 2017.

Meanwhile, Polo brought van der Velden to Spain in the autumn of 2016 to speak about Canadian innovation, health care and VC opportunities. Lumira is one of the largest and most active health-care VC firms in Canada, and van der Velden is also former-chair of the Canadian Venture Capital and Private Equity Association.

In Spain, he encountered officials from Inveready including Sara Secall, the company’s investment director, in a series of meetings that Polo arranged. Inveready expressed an interest in potentially investing in Canadian companies and nine months later, after Lumira provided Edesa with a financing term sheet, the two companies talked about having Inveready participate in the financing. Edesa also met Inveready through Polo. When company officials attended the BIO-Europe Spring event in Barcelona and mentioned they were looking for Series A financing, Polo included Inveready among a list of possible Spanish syndicate participants. Polo’s subsequent virtual key contact introduction led to discussions directly between the two parties.

Inveready’s decision to join the Edesa financing deal “was thanks to Aurora,” Secall says. “She’s very, very active in her role here in Spain in contacting all sorts of players in the biotech sector.” She notes that Inveready’s Series A investment in Edesa is an “outlier” for the company, which more typically invests in Spanish early stage research, with a focus on the life sciences and information and communications technologies (ICT) sectors.

“But we’re open to good opportunities that will make money for our investors, and this was an opportunity that, had we found in Spain, we would have definitively invested in,” she says, stressing that Lumira’s credentials and track record made Inveready inclined to support Edesa. “We felt that we could help the company succeed further on,” she says. “It not only has the potential of high returns for our investors and for us, but there’s a large population of patients who can benefit from this product and whatever comes next. If we can alleviate people’s pain, it all adds to the satisfaction we get.”

Secall says her company, which is currently invested in about 25 companies in the biotech health-care sector, feels there is “good science coming out of Canadian institutions,” as well as critical support from government through various programs. “It doesn’t surprise us that there are good Canadian companies that are good investment opportunities for companies such as us.”

The cost of bringing pharmaceuticals to market is humungous, Secall comments, so companies naturally look to global investors. “We’re happy that the syndicate is diverse.”

Lumira’s van der Velden says Polo’s invitation to Spain was critical to the contacts and relationships that he now has there. “And being able to translate that into an investment in a Canadian company, from our perspective that’s pretty good value,” he says. “I think it’s fantastic.”

Because this was Inveready’s first Canadian investment, it helped that the firm was able to meet with Edesa and Lumira through Polo and get a really good sense of the opportunity. “If you’re coming into a country like Canada, you want to be able to touch base with some of the local players,” van der Velden says. “For Canadian companies, being known and supported broadly outside of Canada is absolutely, fundamentally important. We want to bring best-in-class investors into best-in-class Canadian companies.”

TCS involvement is reassuring for potential foreign investors like Inveready, van der Velden notes. “The fact that the Canadian government believes we are credible helps. It gives them comfort that we’re a viable partner in the marketplace.”

Having international investors brings many advantages for syndicates, van der Velden says, from diversifying risk and increasing the breadth of future rounds of capital to bringing in “more smart people who can bring different market perspectives to the table.” It also enhances access to potential partners, buyers and key opinion leaders who know about the company and its products.

“You want to have a diversified portfolio with exposure to more ideas, more innovation and more connections,” van der Velden says. “You build a set of trusted relationships with co-investors and you look to do more with them.”

He says that the best investors tend to look outside of their own markets, and having Inveready involved in a Canadian syndicate may encourage it to get involved in other investments in Canada. For example, it has a place on Edesa’s board, meaning that company officials come to Canada for meetings, “and they might see other companies they can get involved with, if they have a good experience.”

Nijhawan says he was not familiar with Inveready when his financing round started, so the introduction from Polo was particularly productive. He says trade commissioners elsewhere in the world have been invaluable, with their knowledge of local areas. “It helps to have that connection.”

Raising money in Europe is challenging, especially for outsiders, Nijhawan says, so it’s important for potential investors to know and understand a business.

He says the largest challenges in his field remain the science and the huge amount of time required for pharmaceutical research. He advises others to believe in their product, be persistent and remain positive. “A lot of people give up after hearing ‘no’,” he says. “You have to be out there to meet people. Some meetings are unproductive, some are very productive.”

The $7 million Series A financing will fund Edesa’s development of the drug for about 2.5 years, at which point Nijhawan is hoping for more offshore investment for the Phase 3 trials for contact dermatitis, which are even more expensive and complex to carry out. “It helps to get a diverse group of people backing Edesa,” he adds. “These are very exciting times for us. We’re very enthusiastic about what we’re doing.”

From Barcelona, Spain, this story is one example of how trade commissioners located in more than 160 cities around the world help Canadian companies succeed. Read more about the Humans of the Trade Commissioner Service.

Celtaxsys Secures Private Financing to Advance Acebilustat Phase 3 Cystic Fibrosis (CF) Program Preparatory Activities

January 4, 2018 / Portfolio News

ATLANTA, GA – Celtaxsys, Inc., a clinical stage drug development company focused on developing novel therapies for rare inflammatory diseases, today announced the successful completion of a Series E financing led by Invus. Additional investors in the financing include Domain Associates, Lumira Capital, Masters Capital Management, RMI Partners and the Georgia Research Alliance Venture Fund. In conjunction with the financing, Khalil Barrage, Managing Director at Invus, will join Celtaxsys’ board of directors.

Celtaxsys’ lead candidate, once-daily oral acebilustat, is currently in Phase 2 clinical testing to assess the drug’s safety and efficacy in preserving lung function in cystic fibrosis (CF) patients over the course of 48 weeks of treatment. This fully enrolled Phase 2b trial has been designed and implemented with the scientific and financial support of the Cystic Fibrosis Foundation. Top line results from this trial are expected in mid-2018. Acebilustat has been granted Orphan Drug Designation for the treatment of CF in both the United States and the European Union. The Series E proceeds will support acceleration of Phase 3 clinical and manufacturing preparatory activities.

“This financing, led by top-tier biotech investors, speaks to the investment community’s support for developing innovative anti-inflammatory medicines for CF patients. Two-week treatment with acebilustat has demonstrated reduction in sputum neutrophils, neutrophil elastase and DNA, and serum CRP in CF patients in a Phase 1b study. We believe the anti-inflammatory activity of acebilustat has the potential to preserve lung function and reduce pulmonary exacerbations in CF patients when given concomitantly with standard of care, irrespective of patient-specific CF gene mutation,” said Greg Duncan, President and CEO of Celtaxsys.

“Although new therapies that correct CFTR have markedly improved the outlook for patients with CF over the past few years, the effects of chronic inflammation in the lungs are still an important factor in the morbidity and mortality in CF patients. An effective anti-inflammatory therapy for CF patients is a significant unmet medical need,” said Professor Stuart Elborn CBE, Director of the Adult CF Center at Royal Brompton Hospital and Imperial College, London. “Acebilustat is an advanced stage development candidate in the CF anti-inflammatory pipeline and if proved to be safe and efficacious in current and future development, has the potential to be a component of foundational therapy for CF patients,” added Dr Elborn.

 

About Cystic Fibrosis: Cystic fibrosis (CF) is a life-threatening disease that affects the lung and digestive system of 70,000 patients worldwide. CF is caused by mutations in the Cystic Fibrosis Transmembrane conductance Regulator (CFTR) gene leading to abnormal CFTR protein functioning, which causes excessively high levels of thick mucus to accumulate in the lungs, pancreas, and GI tract. Thickened mucus clogs the lungs and serves as a perfect environment to catalyze persistent bacterial infection of the lungs. Chronic infection of the lungs in turn elicits an excessive neutrophil driven inflammatory immune response, with the overabundance of neutrophils clogging the lungs, thereby further compromising a patient’s breathing capacity. Excessive production of a neutrophil by product, neutrophil elastase, has been shown to be the best predictor of lung damage and dysfunction over the life of a CF patient. Paradoxically, excessive production of a neutrophil elastase can also lead to reduced bacterial clearance. Over time, the amplification of this synergistic cycle of infection and inflammation leads to lung function decline and an increase in life-threatening pulmonary exacerbations. Lung inflammation is still the leading cause of morbidity and mortality associated with CF leading the CF Foundation to identify development of safe and effective anti-inflammatory therapies as a key research priority. For more information about CF, visit: www.cff.org.

 

About acebilustat: Acebilustat is a once-daily oral drug candidate currently in Phase 2 development. It is a novel small molecule inhibitor of Leukotriene A4 Hydrolase (LTA4H), the key enzyme in the production of the potent inflammatory mediator Leukotriene B4 (LTB4). LTB4 can create an over activation of neutrophil mediated immune response and inflammation and has been strongly implicated in the pathogenesis of many diseases involving excessive inflammation, including Cystic Fibrosis, Non-CF Bronchiectasis, Pulmonary Hypertension, Multiple Sclerosis, Inflammatory Bowel Disease, Non-alcoholic steatohepatitis (NASH) and a variety of dermatologic diseases including Bullous Dermatoses.

 

About Celtaxsys: Celtaxsys is a privately-held drug discovery and development company focused on advancing treatments for serious inflammatory diseases. The company is building a sustainable pipeline of first-in-class immuno-modulators, the most advanced of which is acebilustat. For more information, visit www.celtaxsys.com.

Media Contact: Angela Walsh
awalsh@celtaxsys.com
470-206-0153 ext. 124

Carrot Rewards app gets $1.5 million boost from Ontario government

July 11, 2017 / Portfolio News

A free app that’s all carrot, no stick — offering users loyalty points for completing quizzes and surveys about healthy living — has gotten a $1.5 million boost from the Ontario government.

The Toronto-based company behind it said “we are a nation so addicted to our phones and also incredibly addicted to our loyalty points … so why not create something much more targeted, much more efficient” and more fun than a government advertising campaign, said Andreas Souvaliotis, the CEO of Carrot Insights, in a telephone interview.

Governments typically blast out ads on television or online, “which is a bit of a blunt instrument … there’s no real ability to target populations,” he added.

The Carrot Rewards app — which already has a quarter of a million Ontarians signed up — provides information and gives users a chance to earn points by answering short surveys and builds up user profiles, and “the beauty about the app is once it knows you well, it can target you with much more specific (information),” he also said.

The points plans available include Aeroplan, Petro Points, Scene (Cineplex) and More Rewards.

None of the personal information gathered is shared, Souvaliotis said, and aggregate data will not be sold. There’s no advertising on the app.

Carrot Rewards purchases points from the plans, which it then sells to governments.

The app is already in use in British Columbia and Newfoundland/Labrador, and the federal government also jumped on board, pledging $5 million to cover the cost of the initial sign-up points and the bonus rewarded for referring friends.

The healthy messaging is provided by governments and agencies, and then behavioural scientists work to make it appealing for app users, Souvaliotis said.

Surveys and quizzes typically take less than a minute to complete.

The company makes its money on points, “and we only make money if we are making a difference, if people don’t participate … they don’t earn points and we don’t earn money,” he added.

In B.C., where Carrot Rewards has been in use for a year, “we are able to target smokers with antismoking messages instead of wasting energy targeting everybody.”

The app can also urge suburbanites to walk more, given they typically walk less than those living in urban areas.

Carrot Rewards was developed with the help of the Public Health Agency of Canada as well as health-based charities.

“This innovative digital platform is encouraging and incentivizing healthy choices, and helping to improve the overall health and well-being of people across the province,” said Minister of Tourism, Culture and Sport Eleanor McMahon in announcing the funding.

“Features such as the loyalty program, personal goal tracking and the quizzes aim to make leading a healthier life easier and show that improving your health can be fun, too.”

G1 Therapeutics co-founder named head of the National Cancer Institute

June 10, 2017 / Portfolio News

President Trump has named Norman “Ned” Sharpless, the director of the University of North Carolina Lineberger Comprehensive Cancer Center, to lead the National Cancer Institute.

The oncologist and geneticist will succeed Doug Lowy, who has been acting director of NCI since early 2015. Lowy is expected to remain at the institute as deputy director and a researcher.

Sharpless, 50, has done extensive work on how cells age and become malignant. He sees patients at North Carolina Cancer Hospital, which is the clinical home for UNC Lineberger.

His selection drew praise from people involved in cancer research and treatment. Derek Raghavan, president of the Levine Cancer Institute, which is part of Carolinas HealthCare System in Charlotte, called Sharpless an expert in “translational” medicine, with a deep understanding of both the research and clinical aspects of the rapidly changing cancer field.

Yet he noted that Sharpless is assuming the post “at a very tough time,” given the Trump administration’s proposed budget cut of roughly 20 percent for the National Institutes of Health. As part of that, the NCI is targeted for a $1 billion cut. The new director “has some challenges ahead of him,” Raghavan said.

Otis Brawley, chief medical and scientific officer of the American Cancer Society, said Sharpless is “very much qualified” for the position given his experience as director of a major cancer center and his strong track record as a researcher.

Sharpless, a native of Greensboro, N.C., earned his medical degree from the University of North Carolina at Chapel Hill and completed his residency at Massachusetts General Hospital and an oncology fellowship at Dana Farber/Partners Cancer Care in Boston. He returned to Chapel Hill as a faculty member at Lineberger in 2002 and became head of the cancer center in 2014. He is a member of the American Society for Clinical Investigation.

The appointment, which does not require Senate confirmation, came several days after the White House announced that Francis S. Collins will stay on as National Institutes of Health director. Collins also graduated from the UNC School of Medicine and did further training there.

Northleaf Venture Catalyst Fund successfully completes $300 million investment program with $15 million commitment to Lumira Capital

June 8, 2017 / Lumira News

TORONTO (June 8, 2017) – Northleaf Venture Catalyst Fund (NVCF) today announced that it has made a $15 million lead commitment to Lumira Capital IV, a leading late-stage venture capital fund investing in high-potential biopharmaceutical and medical device companies. With the closing of this investment, Northleaf has completed the NVCF investment program, with a total of $300 million committed to a diversified portfolio of 13 fund investments and 11 direct investments.

“We are very pleased to be an anchor institutional investor in one of Canada’s top life sciences venture capital funds,” said Ian Carew, Director of Northleaf Capital Partners, which manages NVCF. “The commitment to Lumira represents NVCF’s final fund commitment and completes NVCF’s strategy of investing in best-in-class Canadian venture capital and growth equity funds, which in turn support the country’s most promising companies.”

NVCF’s commitment to Lumira extends a partnership that began in 2012, when the Northleaf-managed Ontario Venture Capital Fund (OVCF) made an investment in Lumira’s prior fund. The partnership was further strengthened through NVCF’s direct co-investment in 2015 alongside Lumira in Vancouver-based Zymeworks Inc., a leading biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer. In May 2017, Zymeworks successfully closed its initial public offering (IPO), the largest biotech IPO on a Canadian exchange in a decade.

“We are thrilled to have Northleaf as one of the lead investors in our fund and look forward to continuing our successful, long-term partnership,” said Peter van der Velden, Managing General Partner, Lumira Capital. “NVCF’s strong support will allow us to continue our successful strategy of investing in leading health and life science companies – all while delivering strong returns for our investors.”

Building on the success of OVCF (launched in 2008), Northleaf was the first fund manager selected under the Government of Canada’s Venture Capital Action Plan and NVCF was launched in early 2014. OVCF and NVCF have been widely acknowledged as innovative and successful partnerships that bring together government and private sector participants, and have delivered on their investment and public policy objectives. OVCF has generated very strong performance, and NVCF is generating impressive returns early in its lifecycle. Both funds are conclusively demonstrating the opportunity to produce attractive returns from Canadian venture capital investments while actively promoting the development of a sustainable, world-class venture capital ecosystem in Canada.

About Northleaf Venture Catalyst Fund
Northleaf Venture Catalyst Fund is a joint initiative between major Canadian institutional investors and the Governments of Canada and Ontario to invest primarily in Canada-based venture capital and growth equity funds and direct co-investments that support innovative, high growth companies. NVCF is structured as a fund of funds with the primary objective of generating attractive returns for its investors. The Fund is managed by Northleaf Capital Partners. For more information on Northleaf, visit www.northleafcapital.com.

About Lumira Capital
Lumira Capital leverages over 25 years of experience as one of North America’s leading healthcare and life sciences venture capital investors. The firm invests in biopharmaceutical, medical device, health IT and consumer health companies whose products deliver transformative improvements in the lives of patients worldwide. In addition to a longstanding presence in the U.S. with offices in Boston and San Diego, the firm continues to be the most active domestic health care investor in Canada, where it has offices in Toronto, Montreal and Vancouver. For more information, visit www.lumiracapital.com.

Contact:
Jeff Pentland
Managing Director
Northleaf Capital Partners
jeff.pentland@northleafcapital.com
416.477.6165

Ian Carew
Director
Northleaf Capital Partners
ian.carew@northleafcapital.com
416.477.6223

Lumira Philanthropy launches initiative with leading Canadian healthcare foundations

June 6, 2017 / Lumira News

Lumira Partners donate a portion of their profits to support foundations’ research, translational medicine and healthcare access missions. Affiliated foundation institutions gain access to Lumira Capital team and extended network to accelerate their innovation strategies.

TORONTO, June 6, 2017 /CNW/ – Lumira Capital, a leading North American healthcare venture capital firm, announced today that it has launched a new philanthropic initiative whereby the firm’s partners will donate a portion of their profit share from Lumira Capital IV L.P. to up to fifteen leading healthcare foundations in Canada. This initiative was welcomed by the fund’s investors, which include returning investors the Business Development Bank of Canada, FONDS de solidarité FTQ, Fondaction CSN, Northleaf Capital Partners, Teralys Capital and, as well as new investors including Caisse de dépôt et placement du Québec, Kensington Capital Partners, Iljin Group and a number of family offices in Canada and the United States.

“Lumira has always been dual-mission focused, striving for great returns for our investors and best-in-class healthcare innovations for patients” said Peter van der Velden, Managing General Partner of Lumira Capital. “This new philanthropic initiative is, we believe, a first in Canada and we are extremely pleased to have found a way to align the long term philanthropic objectives of the partners at the firm with our vision and passion for building healthcare companies whose products and services have the potential to transform the lives of patients in Canada and around the world.”

“At a time when funding for biomedical research and access to new innovative therapies is under severe pressure, we are excited to be able to implement creative programs and solutions that support the vital missions of our new foundation partners,” added Dr. Daniel Hetu, Managing Director of Lumira Capital. “Beyond a simple financial relationship, we also intend to work closely with these foundations and their affiliated institutions so they can utilize the full Lumira team and network to help them drive their innovation strategies forward successfully. We are pleased to welcome these distinguished organizations as long-term partners of Lumira Capital.”

The charter foundation participants in Lumira’s philanthropic initiative are:

  • BC Children’s Hospital, Vancouver, British Columbia
  • Fondation de l’Hôpital Maisonneuve-Rosemont, Montreal, Quebec
  • Heart and Stroke Foundation of Canada, Toronto, Ontario
  • Montreal Heart Institute Foundation, Montreal, Quebec
  • Princess Margaret Cancer Foundation, Toronto, Ontario
  • SickKids Foundation, Toronto, Ontario
  • St. Joseph’s Healthcare Foundation, Hamilton, Ontario
  • St. Michael’s Hospital Foundation, Toronto, Ontario
  • Sunnybrook Foundation, Toronto, Ontario
  • Trillium Health Partners Foundation, Toronto, Ontario
  • VGH & UBC Hospital Foundation, Vancouver, British Columbia

Commenting on this initiative a number of the foundations provided these insights:

“The richness of the research ecosystem of the Montreal Heart Institute and the growing project portfolio of Lumira Capital invite both organizations to strengthen their collaboration. The donation concept of Lumira Capital is seen as a welcomed initiative propitious to the acceleration of innovation, the creation of wealth and the betterment of patient health. We are grateful for Lumira Capital’s vision and generosity.” Mélanie La Couture, Executive Director of the Montreal Heart Institute Foundation

Paul Alofs, President and CEO of the Princess Margaret Cancer Foundation, commented on Lumira’s philanthropic initiative: “We share Lumira’s passion and vision to help inventive Canadians get great healthcare ideas commercialized. This distinctive approach to supporting innovation is very creative, very much needed and very much appreciated by Princess Margaret and University Health Network.”

“Research is the bedrock of innovation. St. Michael’s Hospital is grateful to be a beneficiary of Lumira Capital’s corporate citizenship and long-term giving strategy. Its philanthropic vision of leveraging research, resources and knowledge to improve the lives of patients will strengthen St. Michael’s ability to accelerate the pace of innovation at a pivotal time of change.” Dr. Arthur Slutsky, Vice-President of Research at St. Michael’s Hospital

Barbara Grantham, President and CEO of the VGH & UBC Hospital Foundation. “Lumira’s model provides a new pathway for philanthropy to partner with investors in advancing health care innovation. Our Foundation is thrilled to be one of Lumira’s beneficiaries with Fund IV. Thank you again for your leadership for, and commitment to, health care innovation and philanthropy.”

G1 Therapeutics to Present Clinical Data on CDK4/6 Inhibitor Trilaciclib at the 2017 American Society of Clinical Oncology Annual Meeting

May 30, 2017 / Portfolio News

RESEARCH TRIANGLE PARK, N.C., May 30, 2017 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc. (NASDAQ:GTHX), a clinical-stage oncology company, today announced that Phase 1b data from the ongoing Phase 1b/2a study of its lead CDK4/6 inhibitor trilaciclib as a first-line combination treatment in patients with extensive stage small-cell lung cancer (SCLC) will be presented in a poster session at the 2017 American Society of Clinical Oncology (ASCO) Annual Meeting, to be held June 2 – 6 at McCormick Place in Chicago.

Details on the poster are as follows:

Title: Trilaciclib (G1T28): A cyclin dependent kinase 4/6 inhibitor, in combination with etoposide and carboplatin (EP) for extensive stage small cell lung cancer (ES-SCLC)—Phase 1b results

Abstract Number: 8568

Poster Session: Lung Cancer—Non-Small Cell Local-Regional/Small Cell/Other Thoracic Cancers

Poster Number: 304

Date / Time: Saturday, June 3, 8 a.m. – 11:30 a.m. CDT

Location: McCormick Place, Hall A

Presenter: Caio Max S. Rocha Lima, M.D.; Spartanburg Regional Healthcare System

Additional information on the meeting can be found on the ASCO website: https://am.asco.org/.

About Trilaciclib (G1T28)

Trilaciclib is a potential first-in-class short-acting CDK4/6 inhibitor in development to preserve hematopoietic stem cells and enhance immune system function during chemotherapy. Trilaciclib is administered intravenously prior to chemotherapy and has the potential to significantly improve treatment outcomes.

Trilaciclib is being evaluated in four randomized Phase 2 clinical trials: a study in newly diagnosed, treatment-naive small-cell lung cancer (SCLC) patients (NCT02499770), a study in previously treated SCLC patients (NCT02514447), a study in combination with atezolizumab and chemotherapy in SCLC patients (NCT03041311) and a study in patients with triple-negative breast cancer (NCT02978716).

About G1 Therapeutics, Inc.

G1 Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapeutics for the treatment of cancer. G1’s two clinical assets, trilaciclib and G1T38, are CDK4/6 inhibitors, a validated and promising class of targets for anti-cancer therapeutics. Trilaciclib and G1T38 have broad therapeutic potential in many forms of cancer and may serve as the backbone of multiple combination regimens. In addition, G1 has exclusively in-licensed G1T48, a potential first/best-in-class oral selective estrogen receptor degrader, or SERD, which is targeted for the treatment of a particular type of breast cancer.

G1 is based in Research Triangle Park, NC. For additional information about G1, please visit www.g1therapeutics.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “plan,” “anticipate,” “estimate,” “intend” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this news release include, but are not limited to trilaciclib’s potential ability to significantly improve treatment outcomes, and are based on G1 Therapeutics’ expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Factors that may cause G1 Therapeutics’ actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in G1 Therapeutics’ filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” sections contained therein. Except as required by law, G1 Therapeutics assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Contacts:

Investors:

Robert Uhl

Westwicke Partners

858-356-5932

robert.uhl@westwicke.com

Media:

Laura Bagby

6 Degrees Communications

312-448-8098

lbagby@6degreespr.com

G1 Therapeutics Announces Pricing of Initial Public Offering

May 17, 2017 / Portfolio News

RESEARCH TRIANGLE PARK, N.C., May 16, 2017 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc., a clinical-stage oncology company, today announced the pricing of its initial public offering of 7,000,000 shares of common stock at a public offering price of $15.00 per share for aggregate gross proceeds of $105,000,000. In addition, G1 Therapeutics has granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of its common stock at the initial public offering price. The shares are scheduled to begin trading on The NASDAQ Global Select Market on May 17, 2017 under the ticker symbol “GTHX.”

J.P. Morgan Securities LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Needham & Company, LLC and Wedbush Securities Inc. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with and was declared effective by the Securities and Exchange Commission on May 16, 2017. The offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering will be filed with the Securities and Exchange Commission and may be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; or Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, or by calling (631) 274-2806 or by faxing (631) 254-7140. 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About G1 Therapeutics, Inc.

G1 Therapeutics is a clinical-stage biopharmaceutical company developing novel, small-molecule therapies that address significant unmet needs in the treatment of cancer. The company is advancing a pipeline of potential best-in-class and first-in-class drug candidates in multiple oncology indications. G1 is based in Research Triangle Park, NC.

Contacts                                                               
                 
Investors:
Robert Uhl
Westwicke Partners
858-356-5932
robert.uhl@westwicke.com

Media:
Laura Bagby                      
6 Degrees Communications
312-448-8098
lbagby@6degreespr.com

Celtaxsys announces full enrollment of its landmark EMPIRE-CF phase 2b clinical trial.

May 17, 2017 / Portfolio News

200 Patients Enrolled Exceeds Target, Top Line Results are Expected in  Mid-2018

ATLANTA, GA–(May 17, 2017) – Celtaxsys, Inc., a clinical stage pharmaceutical development company focused on advancing treatments for patients with rare pulmonary diseases, announced today the full enrollment of its phase 2b clinical trial testing its flagship anti- inflammatory drug candidate, once-daily oral acebilustat, in adult CF patients (NCT02443688). The study is investigating the potential of acebilustat to reduce lung inflammation and preserve lung function over the course of 48 weeks in CF patients at a high risk for rapid lung function decline. Lung inflammation is still the leading cause of excessive morbidity and premature mortality associated with CF and there are no drugs approved for the treatment of CF lung inflammation. Topline results are expected in mid-2018.

In total, 200 CF patients of all CFTR genotypes across North America and Europe have been enrolled for 48 weeks of treatment comparing 50 mg and 100 mg doses of once-daily oral acebilustat against placebo. In this trial, acebilustat or placebo are being given concomitantly with standard CF care, including CFTR modulator therapies (Orkambi® or Kalydeco®). In addition to investigating the effect of acebilustat on lung function (FEV1 percent predicted, a standard efficacy readout for CF trials), this trial will also assess the effect of acebilustat on pulmonary exacerbations and patient reported outcomes.

“This acebilustat phase 2b trial has the potential to take the next crucial step in transforming the way we treat underlying pulmonary inflammation in CF patients, which is not currently adequately addressed, even by the best available care today,” said Steven Rowe, M.D., Professor of Medicine and the Director of the Cystic Fibrosis Research Center at the University of Alabama at Birmingham, the US Principal Investigator for the study.

The design of this trial enables evaluation of outcomes stratified by patient baseline FEV1 percent predicted, number of pulmonary exacerbations experienced in the year prior to enrollment, and whether the patient is taking concomitant CFTR modulators. The study will also assess inflammation biomarkers closely tied to acebilustat’s immunomodulatory mechanism of action, including sputum neutrophil elastase and serum C-reactive protein. Reductions in these inflammatory markers were observed in an earlier trial of once-daily oral acebilustat in CF patients. “If acebilustat exhibits adequate safety and beneficial effects in preserving lung function, the outcome of this trial could herald the coming of a new era for anti-inflammatory treatment of CF patients, one which could change CF patient treatment standards moving forward,” said Greg Duncan, Celtaxsys CEO. “The efforts of all the investigators, site staff, and, in particular, the patients enrolled in the study are highly appreciated.”

This trial has been made possible by financial and operational support from Cystic Fibrosis Foundation (CFF) Therapeutics, the CFF’s nonprofit drug discovery and development affiliate focused on advancing novel therapies for CF patients.

About Cystic Fibrosis: Cystic fibrosis (CF) is a life-threatening disease that affects the lung and digestive system of 70,000 patients worldwide. CF is caused by mutations in the Cystic Fibrosis Transmembrane conductance Regulator (CFTR) gene leading to abnormal CFTR protein functioning, which causes excessively high levels of thick mucus to accumulate in the lungs. Thickened mucus clogs the lungs and serves as a perfect environment to catalyze persistent bacterial colonization of the lungs. Chronic bacterial colonization of the lungs in turn elicits an excessive neutrophil driven inflammatory immune response with the overabundance of neutrophils in the lungs further compromising  a patient’s breathing capacity. Somewhat paradoxically, excessive production of a neutrophil byproduct, neutrophil elastase, leads to reduced bacterial clearance. Most importantly, elastase is the key driver of irreversible damage to the lungs. Over time, this cycle of infection and inflammation leads to lung function decline and increased pulmonary exacerbations. Lung inflammation is still the leading cause of morbidity and mortality associated with CF leading the CF Foundation to identify development of safe and effective anti-inflammatory therapies as a key research priority.

About acebilustat (formerly CTX-4430): Acebilustat is a once-daily oral immunomodulatory drug candidate being tested for the  treatment of inflammatory diseases. It is a novel small molecule inhibitor of Leukotriene A4 Hydrolase (LTA4H), the key enzyme in the production of the potent inflammatory mediator Leukotriene B4 (LTB4). LTA4H and LTB4 have been strongly implicated in the pathogenesis of many diseases involving inflammation, including cystic fibrosis. Acebilustat is presently being evaluated in a CF phase 2b lung function preservation trial, which is supported by the CF Foundation. This trial is assessing acebilustat’s potential to preserve CF patient breathing capacity by enhancing airway clearance and reducing the irreversible damage associated with an overactivated neutrophil driven inflammatory immune response.

About Celtaxsys: Celtaxsys, Inc. is a privately-held pharmaceutical discovery and development company focused on advancing medicine to treat patients suffering from rare, orphan designated diseases. The company is developing a sustainable pipeline of first-in-class anti- inflammatory immunomodulators, including its flagship compound, acebilustat (formerly CTX-4430). Our platform of follow-on candidates are covered separately under new intellectual property and exhibit differentiated properties that enable optimization of treatment for other inflammatory diseases. For more information, please visit: www.celtaxsys.com.

Aurinia Doses First Patient in AURORA Phase 3 Clinical Trial of Voclosporin in Lupus Nephritis

May 17, 2017 / Portfolio News

VICTORIA, British Columbia–(BUSINESS WIRE)– Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH/TSX:AUP) (“Aurinia” or the “Company”), a clinical stage biopharmaceutical company focused on the global immunology market, today announced that the first patient has been dosed in AURORA, the Company’s Phase 3 confirmatory clinical trial evaluating voclosporin for the treatment of lupus nephritis (LN), an autoimmune disease caused by lupus that involves extreme inflammation and failure of the kidneys.

“Dosing our first patient today is an important milestone for the Company,” said Neil Solomons, M.D., Chief Medical Officer of Aurinia. “Our Phase 3 trial design is nearly identical to that of our successful Phase 2 AURA trial which demonstrated the potential of voclosporin to increase both speed and rates of remission in patients with active LN. We remain dedicated to advancing this treatment and making a meaningful impact in the lives of patients suffering from LN and those around them.”

AURORA is a 52-week global double-blind placebo controlled study, designed to demonstrate that voclosporin added to the current standard of care of mycophenolate mofetil (MMF) can increase overall renal response rates in the presence of extremely low steroids. The primary endpoint is complete renal response at 52 weeks. This trial will recruit ~320 patients and is intended to support full marketing approval of voclosporin for patients with LN across multiple regulatory jurisdictions.

“Lupus nephritis is a devastating disease which if not managed, can be life-threatening. There is no approved medication to treat the condition which mostly affects women in their childbearing years,” said Mary Anne Dooley, M.D., M.P.H., Adjunct Professor of Medicine at University of North Carolina School of Medicine and principal investigator for the study. “The AURA Phase II results showed great promise and if replicated in Phase 3, voclosporin has the potential to change the current treatment paradigm for LN.”

About AURORA

The AURORA study is a 52-week global double-blind placebo controlled Phase 3 study that will compare the efficacy of one dose of voclosporin (23.7mg BID) to placebo when added to current standard of care of mycophenolate mofetil (MMF, also known as CellCept®) in achieving renal response (formerly referred to as complete remission) in patients with active LN. Both arms will also receive low doses of corticosteroids as part of background therapy after a stringent taper. For further questions on the trial or interest in participating, please see our website (http://www.auriniapharma.com/for-patients-physicians/clinical-trials) or contact us at clinicaltrials@auriniapharma.com.

About Voclosporin

Voclosporin, an investigational drug, is a novel and potentially best-in-class calcineurin inhibitor (“CNI”) with clinical trial data in over 2,200 patients across indications. Voclosporin is an immunosuppressant, with a synergistic and dual mechanism of action that has the potential to improve near- and long-term outcomes in LN when added to standard of care (MMF). By inhibiting calcineurin, voclosporin blocks IL-2 expression and T-cell mediated immune responses. Voclosporin is made by a modification of a single amino acid of the cyclosporine molecule which results in a more predictable pharmacokinetic and pharmacodynamic relationship with potential for flat dosing. In addition, Voclosporin is more potent than and has an improved metabolic profile versus cyclosporine. The Company anticipates that upon regulatory approval, patent protection for voclosporin will be extended in the United States and certain other major markets, including Europe and Japan, until at least October 2027 under the Hatch-Waxman Act and comparable laws in other countries.

About Lupus Nephritis (LN)

LN, an inflammation of the kidney caused by Systemic Lupus Erythematosus (“SLE”), represents a serious progression of SLE. SLE is a chronic, complex and often disabling disorder that affects more than 500,000 people in the United States (mostly women). The disease is highly heterogeneous, affecting a wide range of organs & tissue systems. It is estimated that as many as 60% of all SLE patients have clinical LN requiring treatment. Unlike SLE, LN has a strong surrogate marker, proteinuria, which correlates with meaningful longer term clinical outcome. In patients with LN, renal damage results in proteinuria and/or hematuria and a decrease in renal function as evidenced by reduced estimated glomerular filtration rate (eGFR), and increased serum creatinine levels. LN is debilitating and costly and if poorly controlled, LN can lead to permanent and irreversible tissue damage within the kidney, resulting in end-stage renal disease (ESRD), thus making LN a serious and potentially life-threatening condition.

About Aurinia

Aurinia is a clinical stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. The company is currently developing voclosporin, an investigational drug, for the treatment of LN. The company is headquartered in Victoria, BC and focuses its development efforts globally. www.auriniapharma.com

Forward Looking Statements

This press release contains forward-looking statements, including statements related to Aurinia’s ability to execute a successful Phase III program and voclosporin potentially shifting the treatment paradigm for LN. It is possible that such results or conclusions may change based on further analyses of these data. Words such as “plans,” “intends,” “may,” “will,” “believe,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Aurinia’s current expectations. Forward-looking statements involve risks and uncertainties. Aurinia’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the risk that Aurinia’s analyses, assessment and conclusions of the results of the AURA-LV clinical study set forth in this release may change based on further analyses of such data, and the risk that Aurinia’s clinical studies for voclosporin may not lead to regulatory approval. These and other risk factors are discussed under “Risk Factors” and elsewhere in Aurinia’s Annual Information Form for the year ended December 31, 2016 filed with Canadian securities authorities and available at www.sedar.com and on Form 40-F with the U.S. Securities Exchange Commission and available at www.sec.gov, each as updated by subsequent filings, including filings on Form 6-K. Aurinia expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aurinia’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as required by law.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170517006240/en/

Aurinia Pharmaceuticals Inc.

Investor Contact:

Celia Economides

VP, Public Affairs

ceconomides@auriniapharma.com

or

Media Contact:

Christopher Hippolyte, 212-364-0458

Christopher.hippolyte@inventivhealth.com

Source: Aurinia Pharmaceuticals Inc.

Pharma Industry Veteran Dr. George Milne Joins Aurinia’s Board of Directors

May 9, 2017 / Portfolio News

VICTORIA, British Columbia–(BUSINESS WIRE)– Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH / TSX:AUP) (“Aurinia” or the “Company”), a clinical stage biopharmaceutical company focused on the global immunology market, today announced the appointment of George M. Milne, Jr., Ph.D. to its board of directors. Prior to his retirement, Dr. Milne served as Executive Vice President of Global Research and Development and President of Worldwide Strategic and Operations Management at Pfizer. Dr. Milne serves on multiple corporate boards including Charles River Laboratories where he is the lead director and Amylyx Pharmaceuticals and is Venture Partner at Radius Ventures.

“George has made significant contributions to the pharmaceutical sector during his successful career. His experience in the board room will prove extremely valuable as we approach the next crucial stage of development as a company working to advance voclosporin to market while exploring potential additional indications for the compound,” said Richard M. Glickman, Chief Executive Officer of Aurinia.

Dr. Milne has over 30 years of experience in pharmaceutical research and product development. He joined Pfizer in 1970 and held a variety of positions conducting both chemistry and pharmacology research. Dr. Milne became director of the department of immunology and infectious diseases at Pfizer in 1981, was its executive director from 1984 to 1985, and was vice president of research and development from 1985 to 1988. He was appointed senior vice president in 1988. In 1993 he was appointed President of Pfizer Central Research and a senior vice president of Pfizer with global responsibility for human and veterinary medicine R&D. Dr. Milne has served on multiple corporate boards including Mettler-Toledo, Inc., MedImmune, Athersys, Biostorage Technologies, Aspreva, and Conor Medsystems. Dr. Milne received his B.Sc. in Chemistry from Yale University and his Ph.D. in Organic Chemistry from MIT.

“Aurinia has demonstrated its leadership in advancing a viable treatment option for patients suffering from lupus nephritis,” added George Milne. “I look forward to working alongside this exceptional team and sharing my expertise as we pursue a successful future for the company.”

Additionally, the company announced that Dr. Greg Ayers has resigned from Aurinia’s board of directors, effective immediately. “On behalf of the board of directors, I thank Greg for his service and contributions and wish him well in future endeavors,” added Dr. Glickman.

About Voclosporin

Voclosporin, an investigational drug, is a novel and potentially best-in-class calcineurin inhibitor (“CNI”) with clinical trial data in over 2,200 patients across indications. Voclosporin is an immunosuppressant, with a synergistic and dual mechanism of action that has the potential to improve near- and long-term outcomes in LN when added to standard of care (MMF). By inhibiting calcineurin, voclosporin blocks IL-2 expression and T-cell mediated immune responses. Voclosporin is made by a modification of a single amino acid of the cyclosporine molecule which results in a more predictable pharmacokinetic and pharmacodynamic relationship with potential for flat dosing. In addition, Voclosporin is more potent than and has an improved metabolic profile versus cyclosporine. Aurinia anticipates that upon regulatory approval, patent protection for voclosporin will be extended in the United States and certain other major markets, including Europe and Japan, until at least October 2027 under the Hatch-Waxman Act and comparable laws in other countries.

About Lupus Nephritis (LN)

LN, an inflammation of the kidney caused by Systemic Lupus Erythematosus (“SLE”), represents a serious progression of SLE. SLE is a chronic, complex and often disabling disorder that affects more than 500,000 people in the United States (mostly women). The disease is highly heterogeneous, affecting a wide range of organs & tissue systems. It is estimated that as many as 60% of all SLE patients have clinical LN requiring treatment. Unlike SLE, LN has a strong surrogate marker, proteinuria, which correlates with meaningful longer term clinical outcome. In patients with LN, renal damage results in proteinuria and/or hematuria and a decrease in renal function as evidenced by reduced estimated glomerular filtration rate (eGFR), and increased serum creatinine levels. LN is debilitating and costly and if poorly controlled, LN can lead to permanent and irreversible tissue damage within the kidney, resulting in end-stage renal disease (ESRD), thus making LN a serious and potentially life-threatening condition.

About Aurinia

Aurinia is a clinical stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. Aurinia is currently developing voclosporin, an investigational drug, for the treatment of LN. Aurinia is headquartered in Victoria, BC and focuses its development efforts globally. www.auriniapharma.com.

Forward Looking Statements

This press release contains forward-looking statements, including statements related to Aurinia’s plans to advance voclosporin to market and explore additional indications for the compound, Dr. Milne’s expected impact on Aurinia’s progress, the belief that voclosporin is a potentially best-in-class CNI and a viable treatment option for patients suffering from LN with potential to improve near- and long-term outcomes in LN, and the belief that upon regulatory approval, patent protection for voclosporin will be extended in the United States and certain other major markets, including Europe and Japan, until at least October 2027. It is possible that such results or conclusions may change based on further analyses of these data. Words such as “plans,” “intends,” “may,” “will,” “believe,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Aurinia’s current expectations. Forward-looking statements involve risks and uncertainties. Aurinia’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the risk that Aurinia’s analyses, assessment and conclusions of the results of its clinical studies may change based on further analyses, the risk that Aurinia will not successfully complete its clinical programs and the risk that Aurinia’s clinical studies for voclosporin may not lead to regulatory approval. These and other risk factors are discussed under “Risk Factors” and elsewhere in Aurinia’s Annual Information Form for the year ended December 31, 2016 filed with Canadian securities authorities and available at www.sedar.com and on Form 40-F with the U.S. Securities Exchange Commission and available at www.sec.gov, each as updated by subsequent filings, including filings on Form 6-K. Aurinia expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aurinia’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as required by law.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170509005688/en/

Aurinia Pharmaceuticals Inc.

Investors & Media:

Celia Economides

Head of IR & Communications

ceconomides@auriniapharma.com

Source: Aurinia Pharmaceuticals Inc.

G1 Therapeutics Announces Launch of Initial Public Offering

May 8, 2017 / Portfolio News

RESEARCH TRIANGLE PARK, N.C. — G1 Therapeutics, Inc. (“G1” or the “Company”), a clinical-stage oncology company, today announced the commencement of the initial public offering of shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “Commission”). The offering consists of 6,250,000 shares of common stock being offered by the Company. In addition, the Company is expected to grant the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price, less the underwriting discount. The current expected initial public offering price is between $15.00 and $17.00 per share. G1 plans to list its common stock on the NASDAQ Global Market under the ticker symbol “GTHX”.

The Company intends to use the net proceeds from the offering to fund the development of its two clinical-stage product candidates and a preclinical-stage product candidate, for drug manufacturing expenses, and for working capital and other general corporate purposes.

J.P. Morgan Securities LLC and Cowen and Company, LLC will serve as joint book-running managers for the offering. Needham & Company, LLC and Wedbush Securities Inc. will serve as co-managers.

This offering will be made only by means of a prospectus. A copy of the preliminary prospectus can be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204; or Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, or by calling (631) 274-2806 or by faxing (631) 254-7140.

The registration statement relating to these securities has been filed with the Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements with regard to G1’s proposed initial public offering. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the initial public offering discussed above will be completed on the terms described. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, failure of customary closing conditions and the risk factors and other matters set forth in the prospectus included in the registration statement, in the form last filed with the Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

About G1 Therapeutics, Inc.

G1 Therapeutics is a clinical-stage biopharmaceutical company developing novel, small-molecule therapies that address significant unmet needs in the treatment of cancer. The company is advancing a pipeline of potential best-in-class and first-in-class drug candidates in multiple oncology indications. G1 is based in Research Triangle Park, NC.

Investors:
Robert Uhl
Westwicke Partners
858-356-5932
robert.uhl@westwicke.com

Media:
Laura Bagby
6 Degrees Communications
312-448-8098
lbagby@6degreespr.com

enGene announces appointment of Theresa Podrebarac, MD, as Chief Medical Officer

May 1, 2017 / Portfolio News

MONTREAL, May 1, 2017 /CNW/ – enGene Inc. announced today that Theresa Podrebarac, MD, has joined the company as Chief Medical Officer. In her new position, Dr. Podrebarac will be responsible for designing and executing clinical development plan for enGene’s pipeline of products, as well as effectively positioning these novel therapeutics in the marketplace.

“I am delighted to welcome Dr. Podrebarac to enGene. Her impressive track record in translational medicine and predictive biomarkers together with her in-depth experience in drug development, especially in the advancement of novel drugs and biologics for various immunology indications, will be invaluable to enGene as we move several of our pre-clinical product candidates towards the clinic,” said Dr. Anthony Cheung, President and CEO of enGene. “Dr. Podrebarac also brings vital strength to enGene’s senior leadership team as we transition into a clinical stage company. She will provide important clinical and strategic perspective to the team as we expand our unique oral gene therapy platform to deliver new protein drug targets.”

“enGene’s innovative approach could revolutionize how we achieve local delivery of biologics to the gastrointestinal tract,” Dr. Podrebarac said. “I am extremely excited and privileged to be working with such a dedicated team committed to developing new technology as medicines for patients and their families coping with inflammatory bowel disease.”

Dr. Podrebarac is a 15-year industry veteran with extensive pharmaceutical drug development expertise from large pharma and biotech companies. She joins enGene from AbbVie where she served as Vice President, Immunology Clinical Development. At AbbVie, she led the Immunology Therapeutic Council to develop the future vision for the company’s portfolio and introduced integrated biomarker techniques and quantitative decision tools to early clinical development. Previously, she was Vice President of Early Clinical Development and Immunology at Biogen, where she successfully led the strategy to develop several compounds in autoimmune and fibrotic diseases. She has also supported the approvals of Tysabri™ for multiple sclerosis, Rituxan™ for rheumatoid arthritis, and championed the development of tools and techniques for early clinical proof of concept in diseases including inflammatory bowel disease. Prior to Biogen, Dr. Podrebarac served as Vice President and Head of Rheumatology Global Clincal Development at EMD Serono where she led a global team of physicians and scientists within the clinical development unit and provided strategic leadership to the Autoimmunity, Inflammation and Emerging Therapies Unit.

Dr. Podrebarac is a board certified rheumatologist who earned her medical degree from the University of Western Ontario and completed post-doctoral training in T cell immunology at Harvard University and Brigham and Women’s Hospital in Boston.

About enGene

enGene Inc. is a biotechnology company developing a robust proprietary gene-therapy platform for localized delivery of immune-modulating proteins to mucosal cells lining the gut for the oral treatment of various immune disorders. enGene has developed a unique gut-optimized gene delivery formulation into an orally available “Gene Pill”, which has the potential to be a game-changing platform to provide oral delivery of a wide range of protein drugs. enGene has established global strategic alliances with two of the world’s largest pharmaceutical companies.

SOURCE enGene

For further information: Dr. Anthony Cheung, President and CEO, enGene Inc., acheung@engeneinc.com, Office: (514) 332-4888, ext. 204

Zymeworks Announces Pricing of Initial Public Offering

April 28, 2017 / Portfolio News

VANCOUVER, British Columbia–(BUSINESS WIRE)–Zymeworks Inc. (“Zymeworks”) today announced the pricing of its initial public offering of 4,500,000 common shares at a price to the public of U.S.$13.00 per share. In addition, Zymeworks has granted the underwriters a 30-day over-allotment option to purchase up to an additional 675,000 common shares at the initial public offering price, less underwriting discounts and commissions. Zymeworks expects to use the net proceeds from the offering to further develop and advance its pipeline of product candidates and to increase its liquidity.

The New York Stock Exchange has approved, and the Toronto Stock Exchange has conditionally approved, the listing of the common shares. The common shares are expected to begin trading on the New York Stock Exchange and on the Toronto Stock Exchange on an “if, as and when issued basis” on April 28, 2017 under the ticker symbol “ZYME.” The offering is expected to close on or about May 3, 2017, subject to the satisfaction of customary closing conditions.

Citigroup Global Markets Canada Inc., Barclays Capital Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Canaccord Genuity Corp. is acting as lead manager. Cormark Securities Inc. is acting as co-manager. MTS Securities, LLC served as financial advisor to Zymeworks in the offering.

A registration statement relating to the common shares was declared effective by the U.S. Securities and Exchange Commission on April 27, 2017. A final base PREP prospectus has been filed with, and a receipt has been issued by, the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada containing important information relating to the common shares.

The offering is being made only by means of a prospectus. The prospectus contains important detailed information about the securities offered. A copy of the U.S. final prospectus, when available, related to the offering may be obtained from Citigroup Global Markets Canada Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone: (800) 831-9146, or by email at prospectus@citi.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone: (888) 603-5847, or by email at Barclaysprospectus@broadridge.com; or Wells Fargo Securities, LLC, Attn: Equity Syndicate, 375 Park Avenue, New York, NY 10152, by telephone: (800) 326-5897, or by email at cmclientsupport@wellsfargo.com. Copies of the registration statement and U.S. final prospectus may also be obtained, when available, from www.sec.gov. A copy of the supplemented PREP prospectus, when available, related to the offering may be obtained from Canaccord Genuity Corp., Attn: Equity Capital Markets, 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1, or by email at Ecm@canaccordgenuity.com; or Cormark Securities Inc., 200 Bay St Suite 2800, Toronto, ON M5J 2J2, by telephone: 416-943-6414, or by email at ssmoroz@cormark.com. A copy of the supplemented PREP prospectus may also be obtained, when available, from www.sedar.com.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Zymeworks

Zymeworks is a clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer. Zymeworks’ suite of complementary therapeutic platforms and its fully-integrated drug development engine provide the flexibility and compatibility to precisely engineer and develop highly-differentiated product candidates. Zymeworks’ lead product candidate, ZW25, is a novel bispecific antibody currently being evaluated in an adaptive Phase 1 clinical trial. Zymeworks is also advancing a deep pipeline of preclinical product candidates and discovery-stage programs in immuno-oncology and other therapeutic areas. In addition to Zymeworks’ wholly-owned pipeline, its therapeutic platforms have been further leveraged through multiple strategic partnerships with global biopharmaceutical companies.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements with regard to the use of proceeds from the offering and the expected closing of the offering. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the offering discussed above will be completed on the terms described. Completion of the proposed offering and the terms thereof are subject to numerous factors, many of which are beyond Zymeworks’ control, including, without limitation, failure of customary closing conditions and the risk factors and other matters set forth in Zymeworks’ filings with the U.S. Securities and Exchange Commission and the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada. Zymeworks undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contacts

Zymeworks Inc.

Investor Inquiries:

David Matousek, 604-678-1388

Senior Manager, Investor Relations & Corporate Communications

ir@zymeworks.com

enGene’s mucosal gene delivery platform is successful in targeting PD-L1 expression in the gut, demonstrating effective treatment of colitis and GvHD in preclinical models

April 28, 2017 / Portfolio News

• enGene’s proprietary PD-L1 gene therapy is being developed as potential novel therapy for acute GvHD
• Late-breaking abstract on preclinical data from PD-L1 program will be presented at Digestive Disease Week (DDW) 2017 in Chicago

MONTREAL, April 28, 2017 /CNW/ – enGene Inc., a biotechnology company developing a robust platform to deliver genes to mucosal cells lining the gut, today announced that data from preclinical studies demonstrated successful expression of programmed death-ligand 1 (PD-L1) protein in the gut showing therapeutic efficacies in mouse models of inflammatory bowel disease (IBD) and graft-versus-host disease (GvHD). This study has been selected for presentation at the DDW 2017 conference, the world’s most prestigious meeting of GI professionals, attracting 15,000 physicians, researchers and academics.

“We have shown robust therapeutic response in animal models for acute GvHD and IBD, and we will focus initially on developing our PD-L1 gene therapy as a novel treatment modality to address the significant unmet medical needs in patients suffering from acute GvHD,” said Dr. Anthony Cheung, CEO and President of enGene. “This program is wholly owned by enGene and it has now been on-boarded to our proprietary pipeline.”

PD-L1 has been shown to play a critical role in suppressing inflammatory T-cell proliferation and promoting tolerogenic immune response. Several antibody-based inhibitors of PD-L1 have been approved as treatments for malignancies. However, PD-L1 inhibition is associated with many immune-related side effects in patients, including colitis and diarrhea. Such clinical observations suggest that PD-L1 is vital in maintaining proper immune balance in the gut and has led enGene’s scientists to hypothesize that gut-localized expression of PD-L1 protein could provide a novel approach to suppress intestinal inflammation associated with IBD and GvHD.

enGene’s proprietary dually-derivitized oligomeric chitosan (DDX) platform allows for packaging of plasmid DNA into nanoparticles for in vivo delivery to gut mucosal tissues. DNA plasmids that express a version of PD-L1 protein were formulated into nanoparticles with DDX. In vivo expression of PD-L1 in the colon of mice was confirmed following enema administration of the nanoparticles. In a T-cell transfer model of IBD, localized expression of PD-L1 gene in the colon achieved by enGene delivery technology led to significant therapeutic benefits. Target engagement assessment showed a significant increase in FOXP3 expression in regulatory T cells found in IBD mice treated with nanoparticles that localized PD-L1 protein expression in the colon. In addition, striking therapeutic response was noted in an acute GvHD mouse model.

enGene’s late-breaking abstract presentation at DDW

Title: Successful Treatment of Murine Colitis and Acute GvHD by Gut-localized PD-L1 Expression

Date and time: May 7, 2017; 12:00 – 2:00 p.m. CDT

Location: MCP South Hall, McCormick Place

Presentation #: 2723327

About enGene

enGene Inc. is a biotechnology company developing a robust, proprietary non-viral vector platform to deliver genes to mucosal cells lining the gut. The vector system can be administered to the intestine via the oral or enema route. enGene has developed a unique gut-optimized gene delivery formulation into an orally available “Gene Pill”, which has the potential to be a game-changing platform to provide oral delivery of a wide range of protein drugs. Its initial focus is enabling localized delivery of immune-modulating proteins to the gut for treating various immune disorders. enGene has established global strategic alliances with two of the world’s largest pharmaceutical companies.

SOURCE enGene

For further information: Dr. Anthony Cheung, President and CEO, acheung@engeneinc.com, Office: (514) 332-4888, ext. 204

RELATED LINKS

http://www.engeneinc.com

BC tech fund to invest in Lumira Capital IV, L.P.

April 4, 2017 / Lumira News

VANCOUVER, April 4, 2017 – Kensington Capital Partners Limited, the Manager of the BC Tech Fund, today announced a new investment by the Fund into Lumira Capital IV, L.P., a new health care and life science venture capital fund managed by Lumira Capital. Dr. Richard Glickman, Chairman and Chief Executive Officer of Victoria, B.C.-based Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSX:AUP) and one of the Province’s best-known and most successful healthcare entrepreneurs, has also been named a Partner of Lumira Capital.

“Government is pleased to see Kensington supporting a new B.C. platform for one of North America’s leading health care and life science venture capital firms,” said Teresa Wat, Minister of International Trade. “This new investment in Lumira Capital IV from our $100 million BC Tech Fund will establish an important new source of venture capital for B.C.-based health care and life science companies, catalyzing economic growth, investment and jobs for the Province.”

The BC Tech Fund is allocating capital to support innovative, highly scalable companies for the development of a world-class venture capital ecosystem in British Columbia. The BC Tech Fund is a key part of Government’s plan to grow B.C.’s tech sector, by investing in venture capital funds and emerging technology companies throughout the Province, across ICT, digital media, clean tech, and life sciences/healthcare.

“We are very pleased to become an investor in Lumira Capital IV and strengthen the fundraising environment for life science and health care companies in B.C.”, said Gerri Sinclair, Kensington Managing Director. “We believe it is very important to attract prominent investment firms to the Province from across all venture sectors. With this investment, we are fulfilling the BC Tech Fund mandate to build a robust venture capital ecosystem in the Province.”

Lumira has increased its investment activity in B.C. in recent years from its team members based in Toronto, Montreal, Boston and San Diego. This trend is likely to continue given Dr. Glickman’s prominence in the local B.C. community of healthcare innovators. The firm’s growing presence in the Province led to a decision to hold its Annual General Meeting in Vancouver this week, providing their full team with an extended opportunity to visit with several emerging companies in the sector. Lumira’s current B.C.-based investments include Aurinia Pharmaceuticals and Zymeworks.

“British Columbia is home to some of the most exciting biomedical innovations in the world,” said Dr. Glickman. “I look forward to continuing to support entrepreneurs in the Province and this new commitment to Lumira will be an importance catalyst for financing and growing world-class life science companies here.”

“We are very happy to have the BC Tech Fund as a Limited Partner, and continue to build our presence in the B.C. life science and health care community,” said Peter van der Velden, Managing General Partner of Lumira Capital. “This new investment from the BC Tech Fund will help us to invest in the success of more B.C. companies.”

About the BC Tech Fund

Launched in October 2016, the BC Tech Fund is a $100 million fund investing in venture capital funds and technology companies based in the Province of British Columbia. The BC Tech Fund is part of the #BCTECH Strategy to grow BC’s technology sector. The BC Tech Fund is managed by Kensington Capital Partners, an independent Canadian investment firm with offices in Vancouver, Toronto and Calgary. Kensington’s active management approach and relationship based business has generated top quartile returns for investors, consisting of institutional investors such as pension and endowment funds, foundations, corporations, wealth managers, and individuals. For more information visit, www.kcpl.ca.

About Lumira Capital

Lumira Capital leverages over 25 years of experience as one of North America’s leading healthcare and life sciences venture capital investors. The firm invests in biopharmaceutical, medical device, health IT and consumer health companies whose products deliver transformative improvements in the lives of patients worldwide. In addition to a longstanding presence in the U.S. with offices in Boston and San Diego, the firm continues to be the most active domestic health care investor in Canada, where it has offices in Toronto, Montreal and Vancouver. Visit www.lumiracapital.com for more information.

Endotronix Strengthens Management Team with Seasoned Medtech Executives

March 22, 2017 / Portfolio News

WOODRIDGE, IL – March 22, 2017- Endotronix, Inc., a digital health medtech company providing innovative solutions for patients who suffer from advanced heart failure, today announced the expansion of their management team. Recent hires include experienced medtech executives Katrin Leadley, MD, Chief Medical Officer (CMO), Richard Powers, Chief Information Officer (CIO), and Mike Dilworth, Vice President of Manufacturing and Operations, who bring a wealth of heart failure expertise as the company prepares for upcoming clinical and commercialization milestones.

The Cordella™ Heart Failure System consists of a cloud-based patient management system and a wireless implantable pulmonary artery (PA) sensor that enables proactive management and early detection of worsening heart failure. The data-driven system promotes ongoing therapeutic interventions to improve quality of life, reduce hospital readmissions, and lower care costs for at-home patient care. The myCordella Patient Management Platform is currently in early clinical use and first-in-human use of the Cordella PA Sensor is expected in Q3 2017.

“I am delighted to welcome Katrin, Richard, and Mike to the Endotronix team,” commented Harry Rowland, CEO of Endotronix. “Their leadership and expertise will be invaluable as we advance towards our upcoming clinical milestones and commercialization of the Cordella System, which we anticipate late next year.”

Dr. Katrin Leadley, a well-published author, has over 20 years of clinical and industry experience with a proven record of providing medical and scientific leadership expertise at early stage and public companies. Prior to Endotronix, Dr. Leadley held CMO roles at HeartWare (acquired by Medtronic in 2016) and JenaValve Technology as well as senior level clinical positions at Boston Scientific and Advanced Stent Technologies. As CMO, Dr. Leadley will be leading Endotronix’s clinical and regulatory affairs.

Richard Powers joins the Endotronix team after an impressive tenure at CardioMEMS, culminating as Chief Information Officer. He created their cloud-based web systems and managed the program through transition to St. Jude Medical in the 2014 acquisition. More recently, he ran a consulting business and was Chief Technology Officer at WebOps. As CIO, Richard will be leading Endotronix’s development and implementation of the myCordella Patient Management Platform.

Mike Dilworth is a seasoned manufacturing and operations executive in the healthcare industry. Most recently, Mike was Senior VP of Manufacturing Operations at Nanosphere (acquired by Luminex Corporation in 2016). Prior to that he held VP of Manufacturing roles at Plasma Surgical, Abbott Nutrition, and Ciba Vision Corporation.

Other recent changes include: Nicolas Chronos, MD, former Endotronix Chief Medical Officer and practicing cardiologist, will become Executive Vice President of Strategy and Clinical Affairs; Michael Nagy, former Endotronix Vice President of Engineering, will become Chief Operations Officer; and following the close of Seroba Life Science’s €100M fund and investment in Endotronix, Jennifer McMahon, Associate at Seroba, will join the Board of Directors.

About Endotronix
Endotronix, Inc., a digital health medtech company, is developing an integrated platform to provide comprehensive, reimbursable health management tools for patients suffering from advanced heart failure. The company’s solution, the Cordella™ Heart Failure System, includes a cloud-based disease management data system and outpatient hemodynamic management with a breakthrough implantable wireless pulmonary artery sensor for early detection of worsening heart failure. Learn more at www.endotronix.com

MEDIA CONTACT:
Carla Benigni
SPRIG Consulting, LLC
+1 (847) 951-7430
carla@sprigconsulting.com

Aurinia Closes US$173.1 Million Public Offering of Common Shares and Full Exercise of Underwriters’ Option to Purchase Additional Common Shares

March 20, 2017 / Portfolio News

VICTORIA, British Columbia–(BUSINESS WIRE)– Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) (TSX:AUP) (“Aurinia” or the “Company”), a clinical stage biopharmaceutical company focused on the global immunology market, today announced the closing of its previously announced underwritten public offering of 25,645,000 common shares, including 3,345,000 common shares pursuant to the full exercise of the underwriters’ option to purchase additional common shares (the “Offering”). The shares were sold at a public offering price of US$6.75 per share. The gross offering proceeds to the Company from this Offering are approximately US$173.1 million, before deducting underwriting discounts and commissions and other estimated offering expenses.

Leerink Partners LLC and Cantor Fitzgerald & Co. (collectively, the “Underwriters”) acted as joint book-running managers for the Offering.

For the purposes of the TSX approval, the Company relied on the exemption set forth in Section 602.1 of the TSX Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible inter-listed issuers on a recognized exchange, such as NASDAQ. The Company intends to use the net proceeds of the Offering for research and development activities, including Phase 3 clinical trial activities for lupus nephritis, and working capital purposes.

The Offering was made pursuant to a U.S. registration statement on Form F-10, declared effective by the United States Securities and Exchange Commission (the “SEC”) on November 5, 2015 (the “Registration Statement”), and the Company’s existing Canadian short form base shelf prospectus (the “Base Shelf Prospectus”) dated October 16, 2015. The prospectus supplements relating to the Offering (together with the Base Shelf Prospectus and the Registration Statement, the “Offering Documents”) have been filed with the securities commissions in the provinces of British Columbia, Alberta and Ontario in Canada, and with the SEC in the United States. The Offering Documents contain important detailed information about the securities being offered. Before you invest, you should read the Offering Documents and the other documents the Company has filed for more complete information about the Company and the Offering. Copies of the Offering Documents are available for free by visiting the Company’s profiles on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com or the SEC’s website at www.sec.gov, as applicable. Alternatively, copies of the prospectus supplements are available upon request by contacting Leerink Partners LLC; Attention: Syndicate Department; One Federal Street; 37th Floor; Boston, MA, 02110, or by phone at 1-800-808-7525, ext. 6142, or by email at syndicate@leerink.com or Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Ave., 5th Floor, New York, New York 10022, or by telephone at 212-829-7122, or by e-mail at prospectus@cantor.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

ABOUT AURINIA

Aurinia is a clinical stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. The Company is currently developing voclosporin, an investigational drug, for the treatment of lupus nephritis (LN). The Company is headquartered in Victoria, British Columbia and focuses its development efforts globally.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170320006146/en/

Investors:

Aurinia Pharmaceuticals Inc.

Celia Economides

Head of IR & Communications

ceconomides@auriniapharma.com

or

Media:

Christopher Hippolyte, 917-826-2664

Christopher.hippolyte@inventivhealth.com

Source: Aurinia Pharmaceuticals Inc.

Opsens Inc. Opens the Market

March 13, 2017 / Portfolio News

Monday, March 13, 2017
Louis Laflamme, President & Chief Executive Officer, Opsens Inc. (OPS), joined Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group to open the market. Opsens focuses mainly on the measure of Fractional Flow Reserve (FFR) in interventional cardiology. Opsens offers an optical-based pressure guidewire (OptoWire) that aims at improving the clinical outcome of patients with coronary artery disease. Opsens is also involved in industrial activities. Opsens Inc. graduated from TSX Venture Exchange and commenced trading on Toronto Stock Exchange on March 1, 2017.

 

Exact Imaging Announces Health Canada Approval and License for its ExactVu™ micro-ultrasound system for prostate imaging and biopsy

March 9, 2017 / Portfolio News

TORONTO, March 9, 2017 /PRNewswire/ – Exact Imaging (www.exactimaging.com), the world’s leader in high resolution micro-ultrasound systems enabling real-time imaging and biopsy guidance for the prostate, announced it has received Health Canada approval and the corresponding medical device license (#98667) to sell its ExactVu™ high resolution micro-ultrasound system.

“We are very pleased to received our license and regulatory approval from Health Canada allowing our ExactVu micro-ultrasound system to be commercially available in Canada,” says Randy AuCoin, Exact Imaging’s President and CEO. “We are especially excited to also announce our first Canadian sale to Dr. Gregory Czarnota and Sunnybrook Health Sciences Centre and Sunnybrook Research Institute in Toronto, ON. Dr. Czarnota’s important clinical research in apoptosis is trying to better understand the molecular mechanisms by which diseased cells die and therefore, how therapy can be most effectively applied. We are privileged to have our ExactVu platform being used in Sunnybrook’s clinical practice as well as in its innovative research efforts.”

“The unmatched resolution of the ExactVu micro-ultrasound system will provide important capabilities to our urologists in helping them actually visualize and distinguish suspicious tissue – and therefore allows us to actually target our prostate biopsies,” said Dr. Czarnota, Director of the Odette Cancer Research Program, Sunnybrook Research Institute and Radiation Oncologist at Sunnybrook Health Sciences Centre. “Furthermore, the ExactVu’s high resolution imaging also generates rich RF (or radio frequency) data which our research teams can evaluate and correlate with pathology to apply against our models to better understand apoptosis and how cancerous cells respond to therapy. We see very exciting potential in the ExactVu system and look forward to our collaboration with the team at Exact Imaging.”

Dr. Czarnota discovered that high-frequency ultrasound could be used to detect apoptosis or cell death. This finding has since been applied to important questions in oncology and organ transplantation. Dr. Czarnota’s research group is investigating a number of spectroscopic parameters for characterizing tumors and tumor responses to chemotherapy and radiation therapy at high frequencies and intends to use the ExactVu for such purposes. Specific applications include developing methods to generate color-coded ultrasound parametric maps to aid in assessing tumor responses to therapy. Since these spectroscopic signals are potentially linked to nuclear structure and chromatin structure which differs between normal and neoplastic tissue, there is potential to develop our spectroscopic methods not only into a method to track tumor responses but a potentially important diagnostic tool.

About Exact Imaging:

Exact Imaging (www.exactimaging.com) is the world’s leader in high-resolution micro-ultrasound systems enabling real-time imaging and guided biopsies in the urological market for prostate cancer. Exact Imaging’s ExactVu™ micro-ultrasound platform operates at 29 MHz and enables a whole new level of resolution with the benefits of ease of use, affordability, and being an extension of the current urological workflow. Using the Exact Imaging platform, urologists will now be able to visualize areas of interest in the prostate and specifically target biopsies at those areas in addition to performing systematic biopsy protocols. The ExactVu™ micro-ultrasound system has recently been granted regulatory approval in the European Union (CE Mark), the United States (FDA 510(k) and Canada (Health Canada license).

SOURCE Exact Imaging

Related Links

www.exactimaging.com

Opsens Announces Graduation to TSX

February 28, 2017 / Portfolio News

QUEBEC CITY, Feb. 28, 2017 /CNW Telbec/ – Opsens Inc. (“Opsens” or the “Company”) (TSXV: OPS) (OTCQX: OPSSF) is pleased to announce that it has received final approval for the listing of the Corporation’s common shares (the “Common Shares”) on the Toronto Stock Exchange (“TSX”).

The Common Shares will commence trading on the TSX effective as of the open of the market on March 1, 2017. Upon listing on the TSX, the Common Shares will continue to trade under the symbol “OPS”. In conjunction with listing on the TSX, the Common Shares will be voluntarily delisted from the TSX Venture Exchange prior to the commencement of trading on March 1, 2017.

“This is a significant achievement for Opsens,” said Louis Laflamme, President and Chief Executive Officer of Opsens. “The TSX is Canada’s most significant stock exchange and this move will provide us with greater visibility in the marketplace and access to a broader and more diverse range of international and institutional investors. This move will also help Opsens develop a stronger profile in the investment community, as our penetration grows, on a global scale, in the field of interventional cardiology,” Mr. Laflamme added.

Opsens aims to become a key player in the guidewire FFR market with the OptoWire, a nitinol-based, fiber optic guidewire. The OptoWire provides intra-coronary blood pressure measurements with unique, patented optical pressure guidewire technologies. It is immune to undesired effects related to blood contact, and allows easy and reliable connectivity that leads to reliable FFR measurements in extended conditions of usage. The OptoWire is also designed to provide cardiologists with a guidewire that provides optimal performance to navigate coronary arteries and cross blockages with ease and safety. Based on industry sources, the FFR market represented more than US$300 million in sales in 2014 and is expected to reach US$1 billion in the medium-term.

About Opsens Inc. (www.opsens.com or www.opsensmedical.com)

Opsens focuses mainly on the measure of FFR in interventional cardiology. Opsens offers an advanced optical-based pressure guidewire (OptoWire) that aims at improving the clinical outcome of patients with coronary artery disease. Opsens is also involved in industrial activities. The Company develops, manufactures and installs innovative fibre optic sensing solutions for critical applications such as the monitoring of oil wells and other demanding industrial applications.

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Opsens to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE OPSENS INC.

For further information: Thierry Dumas, CPA, CA, Chief Financial Officer, 418.781.0333; Louis Laflamme, CPA, CA, Chief Executive Officer, 418.781.0333

BAROnova Announces Completion of ENDObesity® II Pivotal Clinical Trial Enrollment

January 25, 2017 / Portfolio News

SAN CARLOS, Calif., Jan. 25, 2017 /PRNewswire/ — BAROnova, Inc., announced completion of its randomized cohort enrollment in the ENDObesity II Study, a multicenter randomized pivotal clinical trial designed to test the safety and effectiveness of the TransPyloric Shuttle® (TPS®), which treats obesity.

Richard Rothstein, MD, the lead investigator of the study and the Joseph M. Huber Professor and Chair of the Department of Medicine at the Geisel School of Medicine at Dartmouth in Hanover, NH and a gastroenterologist and Chief Academic Officer at the Dartmouth-Hitchcock Medical Center, said, “This is the first non-surgical weight-loss device inserted into the stomach for a year-long residence time in US pivotal studies. The TPS device is easily endoscopically placed and removed. The pilot data showed that this device was well tolerated by individuals who received it with impressive weight loss results. We await the full analysis of this randomized trial to verify its safety and efficacy. The TPS device has great potential for widespread clinical use.”

David Thrower, CEO of BAROnova added, “With the completion of pivotal trial enrollment, BAROnova has achieved an important milestone. Based upon our pilot clinical results, we are optimistic that the BAROnova TPS device will prove to be a safe, effective, non-surgical treatment for obese individuals with significant advantages in efficacy and duration of treatment. We look forward to bringing this important advancement in the treatment of obesity to market.”

The ENDObesity II Study completed enrollment of 270 patients in 9 sites in the United States in December of 2016. The results from this study will be used to support an FDA application for TransPyloric Shuttle approval and subsequent domestic commercialization of the device.

About the TransPyloric Shuttle

BAROnova’s novel weight-loss device, the TransPyloric Shuttle (TPS), is inserted and removed trans-orally using standard endoscopic techniques. In a previous feasibility study of the TPS, patients with a BMI of 30-40 kg/m2 demonstrated an average total body loss of 14.7% after six months. Over 100M people in the United States are classified as medically obese. If approved, the TransPyloric shuttle will be the first intra-gastric device with a twelve-month dwell time in the stomach, potentially leading to additional efficacy and duration of weight-loss.

About BAROnova, Inc.

BAROnova is a clinical-stage medical technology company developing devices for the treatment of obesity. BAROnova’s technology focuses on slowing gastric emptying, a known mechanism of action for weight loss. BAROnova is headquartered in San Carlos, CA. For more information about the company, please visit www.BAROnova.com.

BAROnova, Inc., Contact:

David Thrower, CEO

+1-650-638-9796 x33

dthrower@baronova.com

SOURCE BAROnova, Inc.

Related Links

http://www.baronova.com

Celtaxsys Welcomes New Board Member Abel De La Rosa

January 9, 2017 / Portfolio News

Atlanta, GA. – Celtaxsys, a clinical stage pharmaceutical development company focused on advancing novel anti-inflammatory treatment for rare and orphan diseases, announced today the appointment of Dr. Abel De La Rosa to the company board of directors. He currently serves as Chief Scientific Officer for the Drug Innovations Venture at Emory (DRIVE) and the Emory Institute for Drug Development (IDD), both based at Emory University, Atlanta, Georgia. He was formerly Senior Vice President of Business Development and Scientific Affairs at Pharmasset, Inc. before it was acquired by Gilead in 2012. Prior to Pharmasset, he was Vice President of Product Development at Visible Genetics leading the design and development of commercial molecular diagnostic tests for HIV, HCV, and HBV, such as the TruGene HIV-1 genotyping test and OpenGene DNA Sequencing System, the first FDA-approved genotyping sequencing-based test. He previously held scientific positions at Innogenetics, Boston Biomedica, and Digene, developing commercial molecular diagnostic tests for infectious diseases. He is an inventor and author on several U.S. patents and publications relating to his work.

“We are excited to have Dr. De La Rosa join our board,” said Celtaxsys CEO Greg Duncan. “He brings a wealth of experience in drug development and business transactions that will enhance our thought process.”

Celtaxsys is currently conducting a landmark phase 2 clinical trial of its flagship compound once-daily oral acebilustat in adult cystic fibrosis patients (EMPIRE-CF). The trial is being conducted in the US, Canada, and the EU. For more information about the EMPIRE-CF trial, please visit https://clinicaltrials.gov/ct2/show/NCT02443688.

About Cystic Fibrosis: Cystic fibrosis (CF) is a life-threatening disease that affects the lung and digestive system and impacts about 70,000 patients worldwide. CF is caused by mutations in the Cystic Fibrosis Transmembrane conductance Regulator (CFTR) gene leading to abnormal CFTR protein functioning, the result of which causes the body to accumulate excessive levels of unusually thick mucus in the lungs. Respiratory distress in CF, defined as acute difficulty in breathing, infection and/or hospitalization, is most commonly related to lung infection and inflammation induced lung tissue damage. Treatment of lung inflammation is thought to be key to improving CF patients’ lung health and well-being. For more information on cystic fibrosis, go to www.cff.org.

About acebilustat (formerly CTX-4430): Acebilustat is a once-daily oral drug candidate being tested for the treatment of inflammatory diseases. It is a novel small molecule inhibitor of Leukotriene A4 Hydrolase (LTA4H), the key enzyme in the production of the potent inflammatory mediator Leukotriene B4 (LTB4). LTA4H and LTB4 have been strongly implicated in the pathogenesis of many diseases involving inflammation, including cystic fibrosis.

About Celtaxsys: Celtaxsys, Inc. is a privately-held pharmaceutical discovery and development company focused on advancing medicine to treat patients suffering from serious inflammatory diseases. The company is developing a sustainable pipeline of first-in-class immune-modulators, including its flagship compound acebilustat (formerly CTX-4430). Our follow-on molecules enable new intellectual property and exhibit differentiated properties that allow optimization for alternate routes of administration. For more information, please visit: http://www.celtaxsys.com.

Zymeworks Announces the Successful Achievement of a Research Milestone with Lilly in Bispecific Antibody Collaboration

January 5, 2017 / Portfolio News

January 05, 2017 05:00 AM Eastern Standard Time

VANCOUVER, British Columbia–(BUSINESS WIRE)–Zymeworks Inc. (“Zymeworks”), a clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer, today announced the successful achievement of a research milestone in a second immune-modulating bispecific antibody in its collaboration with Eli Lilly and Company (“Lilly”) using Zymeworks’ proprietary Azymetric™ platform. In accordance with the terms of the licensing and collaboration agreement, Zymeworks is to receive an undisclosed milestone payment from Lilly.

“This is the second research milestone we have reached as part of our collaboration with Lilly, and we are excited with the progress that has been made to ultimately bring novel immunotherapies towards the clinic,” said Dr. Ali Tehrani, President & CEO of Zymeworks. “We believe that the achievement of another successful milestone further validates our Azymetric™ platform as a generator of leading-edge bispecific antibody therapeutics, and we look forward to the continued advancement of other therapeutic programs under our agreements with Lilly.”

Under the terms of the agreement, Zymeworks has granted Lilly a worldwide, royalty-bearing license to research, develop and commercialize certain bispecific therapeutic candidates toward Lilly’s therapeutic targets. For this program, Zymeworks is eligible to receive further development and commercial milestone payments as well as tiered royalties on product sales.

About the Azymetric™ Platform

The Azymetric™ platform consists of a library of proprietary amino acid substitutions that enable the transformation of monospecific antibodies into bispecific antibodies, which gives them the ability to simultaneously bind two non-overlapping epitopes, or antigens. Azymetric™ bispecific technology enables the development of biotherapeutics with dual-targeting of receptors/ligands and simultaneous blockade of multiple signaling pathways, increasing tumor-specific targeting and efficacy while reducing toxicities and the potential for drug-resistance. Additionally, the dual-targeting of Azymetric™ antibodies has demonstrated synergistic efficacy in preclinical studies through simultaneous binding relative to the application of an equivalent dose of the corresponding monospecific antibodies. Azymetric™ bispecifics can also be engineered to enhance internalization of the antibody into the tumor cell and consequently increase the delivery of cytotoxic payloads.

First-generation bispecific platforms significantly alter the structure of monoclonal antibodies or rely upon complex and proprietary manufacturing processes. Azymetric™ bispecifics, in contrast, retain the desirable drug-like qualities of monoclonal antibodies, including long half-life, stability and low immunogenic potential, which increases their probability of success. Azymetric™ bispecifics are also compatible with standard manufacturing processes with high yields and purity, which accelerates manufacturing timelines and reduces costs.

About Zymeworks Inc.

Zymeworks is a clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer. Zymeworks’ suite of complementary therapeutic platforms and its fully-integrated drug development engine provide the flexibility and compatibility to precisely engineer and develop highly-differentiated product candidates. Zymeworks’ lead product candidate, ZW25, is a novel bispecific antibody currently being evaluated in an adaptive Phase 1 clinical trial. Zymeworks is also advancing a deep pipeline of preclinical product candidates and discovery-stage programs in immuno-oncology and other therapeutic areas. In addition to Zymeworks’ wholly-owned pipeline, its therapeutic platforms have been further leveraged through multiple strategic partnerships with global biopharmaceutical companies.

Contacts

Zymeworks Inc.

David Poon, Ph.D., 604-678-1388

Executive Director, External R&D and Alliances

bd@zymeworks.com

or

Investor Inquiries

David Matousek, 604-678-1388

Senior Manager, Investor Relations & Corporate Communications

ir@zymeworks.com

or

ICR Inc.

Stephanie Carrington, 646-277-1282

stephanie.carrington@icrinc.com

or

Media Inquiries

Michael Lampe, 484-575-5040

michael@scientpr.com

Exact Imaging secures CDN $21.5 Million in financing to support the commercialization of its new disruptive ExactVu™ micro-ultrasound for prostate imaging and biopsy

January 5, 2017 / Portfolio News

TORONTO, Jan. 5, 2017 /PRNewswire/ – Exact Imaging (www.exactimaging.com), the world’s leader in high resolution micro-ultrasound systems enabling real-time imaging and biopsy guidance for the prostate, announced it has secured CDN $21.5 million in a Series C investment to commercialize its ExactVu™ micro-ultrasound system. The financing, which closed late in 2016, was co-led by Lumira Capital (Toronto, ON) and Vesalius Biocapital (Luxembourg) with participation from numerous new investors including PMV (Participatiemaatschappij Vlaanderen) (Brussels, Belgium) and strong support from existing investors including iGan Partners/Rowanwood Ventures (Toronto, ON).

“We are very pleased to have been able to achieve an investment of this magnitude from such a high quality investment syndicate. This financing will allow us to scale our commercial organization, aggressively implement our product roadmap, and help us to realize the significant opportunity in the prostate biopsy and imaging marketplace,” says Randy AuCoin, Exact Imaging’s President and CEO.

“We have followed the evolution of the Exact Imaging story for a number of years and in May of 2016 we participated in bridge financing to support this financing process and to allow the company to achieve regulatory approvals in key markets. Having met those milestones, we are very pleased to be a co-lead on this financing which is one of largest financing rounds for a private Canadian medical device company in Canada for 2016,” said Peter van der Velden, Managing General Partner of Lumira Capital. “The Lumira Investment reflects both our view that the technology addresses a significant unmet market and patient need and that the Exact team is the right team to successfully scale the business globally,” said Dr. Jacki Jenuth, Principal at Lumira Capital.

Dr. Gaston Matthyssens, Managing Partner of Vesalius Biocapital, noted, “Exact Imaging’s micro-ultrasound technology has the potential to change the standard of patient care in the urological practice by providing the urologist with the very tool they have been seeking. Specifically, a solution for prostate biopsies that provides much better resolution, is controlled by the urologist and is based on a known technology and workflow. With resolution down to 70 microns or 0.07 of a millimeter, the ExactVu high resolution system provides a 300% improvement in imaging resolution compared to the traditional standard-of-care urological ultrasound systems. Urologists now have a tool, designed around their workflow, to facilitate the detailed interrogation and visualization of suspicious regions and perform targeted prostate biopsies.”

PMV’s Dr. Alexandra Tolia added, “Our participation in Exact Imaging’s Series C financing reflects our fund’s investment strategy in healthcare. Specifically, we invest in companies with a disruptive technology, a unique product pipeline that addresses a highly unmet medical need and with an excellent management team committed to bringing these products to market and, consequently, to the patient. Through this financing, we are excited to support Exact Imaging in realizing their international development plan, including the creation of its European headquarters in Flanders, which will be spearheading the commercial roll-out efforts for the ExactVu system in Europe.”

“As a founding investor in Exact Imaging and longtime supporter of the company, we have always believed in the potential of this high resolution micro-ultrasound technology and the impact it could have on the urology marketplace,” says Mr. Sam Ifergan, CEO of iGan Partners/Rowanwood Ventures. “Having worked with this management team in the past on other successful ventures, we were fully confident to further invest in this round to support the Company’s future and the pursuit of this next level of commercialization.”

Mr. van der Velden, Dr. Matthyssens and Dr. Tolia will be joining Exact Imaging’s Board of Directors along with existing Board members Mr. Ifergan (co-founder, iGan Partners/Rowanwood Ventures), Mr. William Wortman (Private Investor), Dr. Harold Wodlinger (Wodlinger Consulting) and Exact Imaging’s President and CEO, Mr. AuCoin.

About Exact Imaging:

Exact Imaging (www.exactimaging.com)is the world’s leader in high-resolution micro-ultrasound systems enabling real-time imaging and guided biopsies in the urological market for prostate cancer. Exact Imaging’s ExactVu™ micro-ultrasound platform operates at 29 MHz and enables a whole new level of resolution with the benefits of ease of use, affordability, and being an extension of the current urological workflow. Using the Exact Imaging platform, urologists will now be able to visualize areas of interest in the prostate and specifically target biopsies at those areas in addition to performing systematic biopsy protocols. The ExactVu™ micro-ultrasound system has recently been granted regulatory approval in the European Union (CE Mark) and the United States (FDA 510(k) where the company will initiate its commercialization focus. Exact Imaging was founded in 2013 by Mr. Sam Ifergan (iGan Partners) and Mr. Randy AuCoin to develop and commercialize this novel high resolution technology in order to disrupt the market and enable new levels of clinical imaging.

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