Biotech Sector Working to Combat Rising Cases of Colorectal Cancer in Young Adults

USA News Group Commentary

VANCOUVER, BC, May 28, 2024 /PRNewswire/ -- USA News Group – Rates of cancer of the colorectal and anal regions have been on the rise for years in young adults, according to surgeons at Yale Medicine. As well, there are now alarming reports around the world of rising diagnoses of HIV, which is being linked to higher anal cancer mortality for women. Worldwide, improved access to testing led to a 4.2% increase in HIV diagnoses in the EU and a whopping 120% increase in Montreal, Canada. With sufferers of these types of cancers seemingly getting younger, and at increased danger for those also diagnosed with HIV, biotech companies are working to improve our chances to beat this category of cancers, including work from Oncolytics Biotech Inc. (NASDAQ: ONCY) (TSX: ONC), TScan Therapeutics, Inc. (NASDAQ: TCRX), Bristol-Myers Squibb Company (NYSE: BMY), PDS Biotechnology Corporation (NASDAQ: PDSB), and C4 Therapeutics, Inc. (NASDAQ: CCCC).

Among the more promising methods of tackling the issue is coming from the field of immunotherapies that help the body's immune system fight diseases, including cancer. One immunotherapy in particular that's gaining a lot of traction is pelareorep, the flagship asset of Oncolytics Biotech Inc. (NASDAQ: ONCY) (TSX: ONC) — which gained its second FDA fast track designation 14 months ago.

Most recently, Oncolytics shared an update involving an enrollment expansion of its anal cancer cohort for its GOBLET study evaluating pelareorep in combination with atezolizumab (Tecentriq®) in patients with second-line or later unresectable squamous cell carcinoma of the anal canal (SCCA). The expansion of the study comes on the heels of positive data from Stage 1 of the study that was presented last year at the International Multidisciplinary Anal Cancer Conference (IMACC). Pelareorep combined with atezolizumab showed promising results in treating anal cancer, achieving a 37.5% response rate and good tolerability, significantly better than the 10-14% response rates seen with traditional checkpoint inhibitor therapy.

"One of the most difficult challenges in my practice is the limited number of treatment options that are available for patients with advanced anal cancer who have progressed on first-line therapy," said Dirk Arnold, M.D., Ph.D., Director of Asklepios Tumorzentrum Hamburg, and primary investigator of the GOBLET trial. "I am enthusiastic about the expansion of this cohort because it will enable the continued evaluation of the pelareorep/atezolizumab combination and could provide important confirmatory data that may lead to better treatment options for patients with this late-stage disease."

As per the update, Oncolytics is set to build upon the oncology community's enthusiastic response to the IMACC 2023 data with this enrollment expansion and add new sites to the study. After reviewing the clinical trial results, Oncolytics believes that a modest expansion of fewer than 20 patients will be sufficient to solidify the efficacy signal they've seen to date on the road to a future registrational study in this population.

"There is currently no established standard therapy for patients with anal carcinoma who have failed first-line treatment," said Dr. Matt Coffey, President and CEO of Oncolytics. "Continued positive results could potentially expand the opportunity for pelareorep beyond the lead indications of breast cancer and pancreatic cancer and open the door to a rapid regulatory pathway in this rare and significantly under-served patient population."

Another therapy that's under clinical development is TSC-200-A0201 from TScan Therapeutics, Inc. (NASDAQ: TCRX), which is currently in Phase I for anal cancer. TSC-200-A0201 targets HPV16 on HLA type A*02:01. This form of cellular therapy is being tested in a basket study across multiple solid tumors, as the company kicked off the year by announcing its 2024 clinical pipeline plans.

"We have now cleared INDs for four [T cell receptors] (TCRs), including TCRs for PRAME, HPV16, and MAGE-A1, and have regulatory clearance to treat patients with multiple TCRs sequentially in our Phase 1 study," said Gavin MacBeath, Ph.D., CEO of TScan. "Additionally, we submitted INDs for two additional TCRs in December and the 30-day review period with the FDA is ongoing. We look forward to dosing the first patient in the Phase 1 solid tumor clinical study in the first quarter and reporting clinical data, initially on patients treated with singleplexed therapy, and then on patients treated with multiplexed therapy, in 2024."

At the end of January, Bristol-Myers Squibb Company (NYSE: BMY) released encouraging findings from its CheckMate -8HW clinical study, showcasing data from its asset Opdivo (nivolumab) combined with Yervoy (ipilimumab) as a front-line treatment choice for microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (mCRC). As per the data, this combination therapy reduced the risk of disease progression or death by 79% versus chemotherapy in patients with these conditions.

"With research from the full CheckMate clinical development program, BMS has revolutionized the oncology landscape and helped change survival expectations for people with cancer," said Dana Walker, M.D., M.S.C.E., vice president, global program lead, gastrointestinal and genitourinary cancers, Bristol Myers Squibb. "These results build on the benefit of Opdivo and Yervoy in MSI-H/dMMR metastatic colorectal cancer as previously demonstrated in CheckMate -142 and reinforce our commitment to exploring the potential of these therapies to help more patients in need."

For PDS Biotechnology Corporation (NASDAQ: PDSB) and its asset PDS-01ADC, the company is developing a treatment for many types of metastatic solid tumors, including colorectal and anal cancer. Back in November, PDS delivered a corporate update along with its Q3 2023 results, that included interim safety and immune response data for its Phase 1/2 clinical trial evaluating docetaxel and PDS01ADC in metastatic prostate cancer patients, with Prostate-Specific Antigen (PSA) decline seen in all 18 patients and 61% of patients had at least a 60% decrease in PSA levels.

"As the development of our IL12 fused antibody-drug conjugate or ADC, PDS01ADC, continues to progress, its potential to overcome key safety and efficacy limitations associated with existing cytokine therapy is reinforced," said Frank Bedu-Addo, PhD, President and CEO of PDS Biotech. "We are excited about the strides we are making across our pipeline, fueled by our commitment to developing groundbreaking therapies that revolutionize cancer treatments."

Looking ahead in 2024, clinical-stage company C4 Therapeutics, Inc. (NASDAQ: CCCC) is anticipating new milestones for its asset CFT1946 in the first half of the year, including presenting preclinical data demonstrating differentiated activity in preclinical models of BRAF V600X melanoma, colorectal cancer and more. As well, C4 anticipates presenting data from the ongoing Phase 1 dose escalation trial in several of these cancers with these types of mutations in the second half of 2024. Dosing of the first patient in CFT1946's Phase 1/2 clinical trial was announced at the beginning of 2023.

"Dosing the first patient in the CFT1946 Phase 1/2 clinical trial marks the first degrader to enter clinical development to target BRAF-driven cancers," said Adam Crystal, M.D., Ph.D., Chief Medical Officer of C4 Therapeutics. "Preclinically, in in vivo models, CFT1946 has demonstrated deeper and more durable activity than approved BRAF inhibitors, and promising activity in the setting of resistance to BRAF inhibitors. We look forward to advancing CFT1946 for patients with BRAF V600 mutant cancers including non-small cell lung cancer, colorectal cancer, and melanoma."

At the time of the release, CFT1946 was C4's third oncology program to enter clinical studies from its proprietary TORPEDO® platform.

Article Source: https://usanewsgroup.com/2023/10/02/the-most-undervalued-oncolytics-company-on-the-nasdaq/ 

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