Financialnewsmedia.com News Commentary
PALM BEACH, Florida, Dec. 11, 2019 /PRNewswire/ -- For the last half century, if not more, doctors have been working to learn more about brain tumors, ways to prevent them, how to best treat them, and how to provide the best care to people diagnosed with a brain tumor, and to generally find newer and more effective ways to fight all cancerous cells. A recent article in Scientific American said: "On any given day, there are often more than 100 news articles focused on cancer, many of which speak to new and promising studies or breakthroughs in a research lab." According to various recent articles and reports tracking the new trends in immunotherapy for pediatric brain tumors, recent advances in cancer immunotherapy have improved outcomes for several human cancers, and in some cases have produced dramatic responses in patients. Today much research is focused on attacking the cancerous cells growth… whereby denying these cells energy, they will die. The idea is that by using targeted therapies only the cancerous cells will be affected. Active biotech and pharma companies in the markets this week include CNS Pharmaceuticals, Inc. (NASDAQ: CNSP), Neoleukin Therapeutics, Inc. (NASDAQ: NLTX), Avid Bioservices, Inc. (NASDAQ: CDMO), Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH), Abeona Therapeutics Inc. (NASDAQ: ABEO).
There is another type of cancer treatment, however, known as cell metabolic therapy, which has been researched and discussed for decades without producing viable treatment options. Cell metabolic therapy targets the mitochondria—energy producers—of cancer cells, shutting down their growth and preventing them from spreading. If we remove the energy source that these cells use to power their attack on the body, we can stop the disease dead in its tracks. There are many reasons why cell metabolic therapy has failed in previous decades, but recent data are demonstrating that it is finally turning a corner. Both the metabolic and immuno-oncology fields have been making great strides. A Cell.com report said: "Immunotherapy has demonstrated remarkable success in improving overall survival in Phase II–III trials in tumor subtypes such as melanoma and leukemia. This novel approach has been a welcome addition to the oncologist's conventional armamentarium of surgery, chemotherapy, and radiation, especially in the relapsed and/or refractory disease setting."
CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) BREAKING NEWS: CNS' Berubicin Awarded $5.8 Million Non-Dilutive Grant from EU/Polish National Center Through its Development Partner - CNS Pharmaceuticals, a biotechnology company specializing in the development of novel treatments for brain tumors, announced that its partner, WPD Pharmaceuticals ("WPD"), a Polish corporation founded by Dr. Waldemar Priebe, the founder of the Company, was awarded a $5,798,875 grant from the EU/Polish National Center for Research and Development under the Smart Growth Operational Program 2014-2020 (the "EU Grant").
The Company previously entered into a sublicense agreement with WPD, in which WPD committed to a $2.0 million minimum expenditure on the development, testing, regulatory approval, and commercialization of Berubicin over a three –year period. WPD's subsequent development project, "New approach to glioblastoma treatment addressing the critical unmet medical need" (the "WPD Project"), received the grant co-financed by the European Union under the Smart Growth Operational Program 2014-2020, Priority I: Support for Research and Development work by Enterprises, Measure 1.2: Sectorial Research and Development Programs, Sectorial Program InnoNeuroPharm. The main goal of the WPD Project is to implement the world's first multicenter pediatric Phase I clinical trial to determine maximum tolerated dose (MTD) and Phase IB and II clinical trials in adults, to assess the efficacy of Berubicin. Proceeds from the grant will be used independently by WPD Pharmaceuticals in order to fulfill its commitment arising from its sublicense agreement with the Company.
"The EU Grant represents an important milestone for the advancement of our novel anthracycline, Berubicin, especially in pediatric settings," commented CEO of CNS, John M. Climaco. "We believe this grant will allow our partner, WPD Pharmaceuticals, to fulfill its commitment arising from its sublicense agreement with us in a manner that is capital-efficient and non-dilutive to the CNS. Additionally, this EU Grant and our partnership with WPD presents an opportunity to potentially accelerate our efforts to bring Berubicin to patients around the world." Read this and more news for CNSP at: https://www.financialnewsmedia.com/news-cnsp/
Other recent developments in the biotech industry include:
Neoleukin Therapeutics, Inc. (NASDAQ: NLTX) a biopharmaceutical company utilizing sophisticated computational methods to design de novo protein therapeutics, recently announced the formation of a Scientific Advisory Board comprised of leaders in the fields of de novo protein design, structural biology and immunology. "This distinguished group of scientific leaders will provide Neoleukin with advice and guidance as we continue expanding our research and development efforts, including our pioneering work in de novo design of protein therapeutics," said Daniel-Adriano Silva, Ph.D., Vice President Head of Research at Neoleukin.
Avid Bioservices, Inc. (NASDAQ: CDMO) recently announced financial results for the second quarter of fiscal 2020 ended October 31, 2019. Highlights Since July 31, 2019:
"During the second quarter of 2020, we strengthened multiple core areas of our business," said Rick Hancock, interim president and chief executive officer of Avid. "Our business development effort continues to be wide reaching and robust. Our reputation in the industry for quality and regulatory success continues to grow allowing us to engage with a broadening pool of potential new customers and expand our relationships with existing customers.
"Operationally, we continue to improve and enhance our equipment, facilities and systems. The opening of our new process development lab, the successful completion of our annual maintenance overhaul, and the planned installation of a new pharmaceutical grade water system in calendar 2020 all reflect the dedication we have to maintaining the highest standards possible.
Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) recently announced positive efficacy and safety results from its pivotal AURORA Phase 3 trial of voclosporin, in combination with mycophenolate ("MMF") and low-dose corticosteroids, in the treatment of lupus nephritis ("LN").
"This extraordinary pivotal data confirms voclosporin's ability to achieve statistically significant improvements in clinically meaningful endpoints for this complex disease, with a comparable safety profile to the current standard of care," said Neil Solomons, M.D., Chief Medical Officer of Aurinia. "This data represents a significant advance for people living with LN, which can lead to irreversible kidney damage, eventual kidney failure and death."
Abeona Therapeutics Inc. (NASDAQ: ABEO) recently announced that the U.S. Food and Drug Administration (FDA) has removed its clinical hold and provided clearance to proceed with the VIITAL™ study, the Company's pivotal Phase 3 clinical trial evaluating EB-101 for the treatment of recessive dystrophic epidermolysis bullosa (RDEB). The FDA removed the clinical hold following the Company's submission of additional data points on transport stability of EB-101 to clinical sites. Abeona expects to initiate the VIITAL™ study in first quarter of 2020.
"The Abeona team has worked diligently to provide a prompt and thorough response to the FDA, enabling us to proceed with our pivotal Phase 3 trial for EB-101," said João Siffert, M.D., Chief Executive Officer of Abeona. "Recently published long-term follow up data from our Phase 1/2 trial leaves us increasingly confident that EB-101 can provide durable healing for large, chronic wounds that afflict many RDEB patients. We are now focused on initiating the VIITAL™ study in the first quarter of 2020. "
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty six hundred dollars for news coverage of the current press releases issued by CNS Pharmaceuticals, Inc. by the company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact email: