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www.sec.gov/Archives/edgar/data/1722926/000156459020052245/asln-ex991_6.htm
PRESS RELEASE








ASLAN PHARMACEUTICALS REPORTS THIRD QUARTER 2020 FINANCIAL RESULTS AND PROVIDES CORPORATE UPDATE

Singapore, 9 November 2020 ¡V ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced financial results for the third quarter ended September 30, 2020 and provided an update on its clinical activities.

Dr Carl Firth, Chief Executive Officer, ASLAN Pharmaceuticals, said: ¡§The third quarter saw great progress being made on multiple fronts for ASLAN. We resumed our multiple ascending dose (MAD) study of ASLAN004 following the lifting of COVID-19 restrictions and quickly completed recruitment of the second cohort, which we believe is an indicator of the scale of the unmet need we aim to address in atopic dermatitis. Recruitment of the third cohort is underway from sites in the US, Australia and Singapore, and we expect to announce new, unblinded data in early 2021. The move of our primary listing to the US is now complete and aligned with our plans to initiate a global Phase 2b study in atopic dermatitis in 2021 and new clinical studies of ASLAN003 in autoimmune disease.¡¨

Third quarter 2020 and recent business highlights

Clinical development ASLAN004







Investigational New Drug application submitted to the US Food and Drug Administration became effective and Clinical Trial Notification cleared by the Therapeutics Goods Administration in Australia.










Seven new clinical sites opened in the US and Australia designed to support recruitment of patients into the ongoing MAD study.










Initiated recruitment of patients into third dose cohort in October at sites in the US, Australia and Singapore following successful safety review of second cohort that resumed recruitment in August. ASLAN004 was found to be well tolerated at 400mg and the Data Monitoring Committee (DMC) recommend that the MAD study continue as planned.




ASLAN003







Announced plans to develop ASLAN003, ASLAN¡¦s next generation inhibitor of dihydroorotate dehydrogenase (DHODH), in autoimmune conditions, such as multiple sclerosis, following review of the data generated on ASLAN003 and discussions with experts in the field. ASLAN believes that ASLAN003 has a potential best in class profile as a potent oral DHODH inhibitor targeting autoimmune indications.








Appointed renowned neurologist Professor Gavin Giovannoni, Chair of Neurology, Blizard Institute, Barts and The London School of Medicine and Dentistry, as a scientific advisor to the Company. ASLAN will work with Professor Giovannoni on the clinical development plan of ASLAN003.








Based on previous observations of anti-viral activity against Dengue and Zika viruses, ASLAN recently determined that ASLAN003 has nanomolar potency against SARS-CoV-2 in Vero E6 cells (EC50 = 1.4 nM) and is assessing the potential of ASLAN003 as a treatment for COVID-19 and other viral infections.


Corporate updates



Appointed Dr Kenneth Kobayashi as Chief Medical Officer. Dr Kobayashi most recently worked at Dermira, where he was responsible for the development of lebrikizumab, and previously held roles at Novartis and LEO Pharma. Dr Kobayashi brings more than 25 years of experience in drug development, clinical practice and regulatory affairs as a Dermatology expert.



Movement of primary listing to the Nasdaq Global Market and delisting from the Taipei Exchange completed in August. ASLAN has retained its listing of American Depositary Shares (ADS) on Nasdaq in the United States.


Anticipated upcoming milestones



Interim, unblinded data on ASLAN004 from the 3 dose cohorts (up to 24 patients) and initiation of the expansion cohort (an additional 18 patients) expected in early 2021.




Completion of MAD clinical study of ASLAN004 in moderate-to-severe atopic dermatitis (AD) patients expected in 1H 2021.



Initiation of Phase 2b study of ASLAN004 for AD expected in 2021.




Third quarter 2020 financial highlights


Cash used in operations for the third quarter of 2020 was US$2.6 million compared to US$7.0 million in the same period in 2019.




Research and development expenses were US$2.2 million in the third quarter of 2020 compared to US$4.1 million in the third quarter of 2019. The decrease was driven by the completion of clinical studies related to varlitinib.





General and administrative expenses were US$1.3 million in the third quarter of 2020 compared to US$1.1 million in the third quarter of 2019.



Net loss for the third quarter of 2020 was US$3.5 million compared to a net loss of US$5.2 million for the third quarter of 2019.




Cash, cash equivalents and short-term investments totaled US$12.1 million as of September 30, 2020 (this includes US$0.9 million of cash received in connection with the ADS scheme that will be paid to our depository agent in 4Q 2020) compared to US$22.2 million as of 31 December 2019. Weighted average ADS outstanding for the third quarter of 2020 was 38.0 million (or equivalent) compared to 32.0 million (or equivalent) for the third quarter of 2019. One ADS is the equivalent of five ordinary shares.

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ir.aslanpharma.com/news-releases/news-release-details/aslan-pharmaceuticals-initiates-third-dose-cohort-aslan004

Oct 22,2020


ASLAN Pharmaceuticals Initiates Third Dose Cohort of ASLAN004 in Atopic Dermatitis Clinical Trial



-- ASLAN has initiated recruitment of patients into third dose cohort at sites in the US, Australia and Singapore following successful safety review of second cohort


-- ASLAN004 found to be well tolerated at 400mg dose, third cohort will test 600mg dose

SINGAPORE, Oct. 22, 2020 (GLOBE NEWSWIRE) -- ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that the Data Monitoring Committee (DMC) has completed its planned safety data review of the second dose cohort of its clinical trial of ASLAN004 in moderate to severe atopic dermatitis (AD) patients. ASLAN004 was found to be well tolerated at 400mg and the DMC has recommended that the multiple ascending dose (MAD) clinical study continue as planned.

ASLAN has now initiated recruitment into the third, highest dose (600mg) cohort of the randomised, double blind, placebo-controlled MAD study. A total of eight patients will be recruited from clinical sites in Singapore, the US and Australia. ASLAN expects to report interim, unblinded data from all three dose escalation cohorts in early 2021.

Dr Ken Kobayashi, Chief Medical Officer, ASLAN Pharmaceuticals, commented: ¡§Importantly, ASLAN004 continues to be well tolerated in the patients treated in the study to date and no discontinuations of treatment related to study drug have been observed. Following the lifting of recruitment restrictions associated with COVID-19 that had previously delayed the study, we were pleased to note that the second dose cohort enrolled all eight patients in around three weeks at two clinical sites. For the third dose cohort, we will be recruiting patients from up to nine sites, having activated new sites in Australia and the US. We believe that ASLAN004 has the potential to be a best-in-disease treatment for patients with AD and look forward to reporting further data and firming up our plans to initiate a Phase 2b study in 2021.¡¨

The Phase 1 study is evaluating three doses of ASLAN004 (200mg, 400mg and 600mg) delivered subcutaneously and will include a fourth (expansion) cohort. Each dose cohort contains up to six patients on ASLAN004 and two patients on placebo, and the expansion cohort will contain at least 12 patients on ASLAN004 and at least six patients on placebo. Patients are dosed weekly for eight weeks to determine safety and tolerability as well as a number of secondary efficacy outcome measures.

ASLAN004 is a first-in-class monoclonal antibody that binds to the IL-13 receptor £\1 subunit (IL-13R£\1), blocking signalling of two pro-inflammatory cytokines, IL-4 and IL-13, which are central to triggering symptoms of AD, such as redness and itching of the skin.

Media and IR contacts

Emma Thompson
Spurwing Communications
Tel: +65 6751 2021
Email: ASLAN@spurwingcomms.com

Robert Uhl
Westwicke Partners
Tel: +1 858 356 5932
Email: robert.uhl@westwicke.com

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Joint Venture to Develop Novel Pre-clinical AhR Antagonists

In October 2019, we established a new joint venture with Bukwang to develop preclinical AhR antagonists from our early stage pipeline. The joint venture, JAGUAHR Therapeutics Pte. Ltd., or JAGUAHR, will focus on developing new immuno-oncology therapeutics for global markets targeting the AhR pathway.

AhR is a druggable transcription factor that acts as a master regulator of the immune system. The enzymes IDO1, IDO2 and TDO are frequently overexpressed in numerous tumor types and convert tryptophan into kynurenine, or KYN, in the tumor microenvironment. KYN is then actively transported into dendritic cells and effector T-cells that are mobilized to detect and kill tumor cells. KYN signalling via AhR in these cell types converts

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them into regulatory T-cells, suppressing the immune system and preventing it from attacking tumor cells. Research has demonstrated that the unique advantages of AhR antagonists include broadly inhibiting the signalling of all AhR ligands produced by any enzyme that metabolizes tryptophan, and robust activation of the immune response to kill cancer cells.

Pursuant to the terms of the joint venture agreement, we transferred the global rights to all of the assets related to AhR technology, originally discovered and developed by ASLAN and its collaborators, into JAGUAHR. We currently hold a controlling stake in JAGUAHR. Subject to the fulfilment of certain conditions, Bukwang agreed to invest $5 million in JAGUAHR in two tranches to fund the development of the assets, identify a lead development compound and file an Investigational New Drug, or IND, application. The first tranche of $2.5 million was received from Bukwang in October 2019. The second tranche of $2.5 million will be payable upon the nomination of a candidate drug after which our expected ownership will be diluted from a majority to 30 to 40%. Until the IND application is filed, we retain the rights to buy back the assets related to AhR technology at a price equal to three times the amount invested by Bukwang. We expect that the IND will be filed in 2021 and that the joint venture will be fully funded by the investment from Bukwang.

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www.marketwatch.com/investing/stock/asln

Aslan Pharmaceuticals Ltd. ADR

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$ 3.43

—Õ 1.52 79.58%

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Oct 16,2020


ASLAN Pharmaceuticals to Develop ASLAN003 as Next Generation DHODH Inhibitor in Autoimmune Conditions



-- ASLAN believes ASLAN003 has the potential to be the most potent oral inhibitor of DHODH currently in development for autoimmune disease, more than 30 times more potent at inhibiting the DHODH enzyme than teriflunomide


-- ASLAN appoints neurologist Professor Gavin Giovannoni as a scientific advisor to establish clinical development strategy in multiple sclerosis

-- With nanomolar potency against SARS-CoV-2, ASLAN003 is also being assessed for its potential as a novel therapeutic for COVID-19 and other viruses

SINGAPORE, Oct. 16, 2020 (GLOBE NEWSWIRE) -- ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that it plans to develop ASLAN003, its next generation inhibitor of dihydroorotate dehydrogenase (DHODH), in autoimmune conditions, such as multiple sclerosis (MS).

ASLAN003 is a highly selective and potent inhibitor of human DHODH (IC50 = 35 nM) and has been shown to be more than 30 times more potent at inhibiting the DHODH enzyme in cell free and cell-based assays than the first generation inhibitor teriflunomide. In preclinical studies, ASLAN003 was shown to be efficacious in animal models of MS and other autoimmune diseases. Based on the specificity, potency and favourable safety profile identified in earlier clinical studies, ASLAN believes ASLAN003 is a promising candidate for development in these diseases, where a pressing need for differentiated and convenient treatment options exists.

Dr Carl Firth, Chief Executive Officer, ASLAN Pharmaceuticals, said: ¡§Following our review of the data we have generated on ASLAN003 and discussions with experts in the field, we believe ASLAN003 has a potential best in class profile as the most potent oral DHODH inhibitor targeting autoimmune indications. There is a current need for a differentiated therapeutic approach to MS that can deliver improved efficacy and addresses the risks of toxicity associated with this and other classes of drug in the field.¡¨

Inhibition of DHODH is an established mechanism for the treatment of autoimmune conditions, notably relapsing-remitting multiple sclerosis (RRMS). First generation DHODH inhibitors have limited efficacy and, like many other treatment options for RRMS, have associated toxicities requiring safety monitoring that make them less suited as long term treatment options. ASLAN003 has been shown to be well tolerated at doses up to 400 mg/day in 119 subjects across Phase 1 and Phase 2 clinical studies and is suitable for once-daily oral dosing.

ASLAN has appointed renowned neurologist Professor Gavin Giovannoni, Chair of Neurology, Blizard Institute, Barts and The London School of Medicine and Dentistry, as a scientific advisor to the Company and will work with him on the clinical development plan of ASLAN003. The company expects to share further details in early 2021.

Professor Gavin Giovannoni, scientific advisor to ASLAN, added: ¡§New and effective treatment approaches with improved safety, efficacy and convenience are highly sought after by the MS community. ASLAN003¡¦s potency and favourable safety profile make it a promising next generation DHODH inhibitor and I look forward to working with the team to define novel clinical development strategies for the benefit of patients.¡¨

ASLAN has previously observed anti-viral activity of ASLAN003 against Dengue and Zika viruses and recently determined that ASLAN003 has nanomolar potency against SARS-CoV-2 in Vero E6 cells (EC50 = 1.4 nM). ASLAN is currently assessing the potential of ASLAN003 as a treatment for COVID-19 and other viral infections and will provide an update when clinical development plans have been determined.

In 2019, ASLAN completed a Phase 2 study testing ASLAN003 in AML. Following an internal strategic review and noting changes in the AML treatment landscape, ASLAN will be focusing the future development of ASLAN003 in autoimmune disease.

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PLAN OF DISTRIBUTION

We have entered into the Sales Agreement with Jefferies, under which we may offer and sell our ADSs, from time to time through Jefferies acting as agent. Sales of our ADSs, if any, under this prospectus supplement and the accompanying prospectus will be made by any method that is deemed to be an ¡§at the market offering¡¨ as defined in Rule 415(a)(4) under the Securities Act.

Each time we wish to issue and sell our ADSs under the Sales Agreement, we will notify Jefferies of the number of ADSs to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of ADSs to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed Jefferies, unless Jefferies declines to accept the terms of such notice, Jefferies has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of Jefferies under the Sales Agreement to sell our ADSs are subject to a number of conditions that we must meet.

The settlement of sales of shares between us and Jefferies is generally anticipated to occur on the second trading day following the date on which the sale was made. Sales of our ADSs as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and Jefferies may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will pay Jefferies a commission equal to 3% of the aggregate gross proceeds we receive from each sale of our ADSs. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. In addition, we have agreed to reimburse Jefferies for the fees and disbursements of its counsel, payable upon execution of the Sales Agreement, in an amount not to exceed $50,000, in addition to certain ongoing disbursements of its legal counsel. We estimate that the total expenses for the offering, excluding any commissions or expense reimbursement payable to Jefferies under the terms of the Sales Agreement, will be approximately $150,000. The remaining sale proceeds, after deducting any other transaction fees, will equal our net proceeds from the sale of such shares.

Jefferies will provide written confirmation to us before the open on Nasdaq on the day following each day on which our ADSs are sold under the Sales Agreement. Each confirmation will include the number of shares sold on that day, the aggregate gross proceeds of such sales and the proceeds to us.

In connection with the sale of our ADSs on our behalf, Jefferies may be deemed to be an ¡§underwriter¡¨ within the meaning of the Securities Act, and the compensation of Jefferies will be deemed to be underwriting commissions or discounts. We have agreed to indemnify Jefferies against certain civil liabilities, including liabilities under the Securities Act. We have also agreed to contribute to payments Jefferies may be required to make in respect of such liabilities.

The offering of our ADSs pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all ADSs subject to the Sales Agreement and (ii) the termination of the Sales Agreement as permitted therein. We and Jefferies may each terminate the Sales Agreement at any time upon ten days¡¦ prior notice.

This summary of the material provisions of the Sales Agreement does not purport to be a complete statement of its terms and conditions. A copy of the Sales Agreement will be filed as an exhibit to a report on Form 6-K filed under the Exchange Act, and incorporated by reference in this prospectus supplement.



S-58


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³q±`¡A§Ú­Ì»PJefferies¤§¶¡ªºªÑ¥÷¥X°âµ²ºâ¹w­p¦b¥X°â¤é´Á«áªº²Ä¤G­Ó¥æ©ö¤é¶i¦æ¡C¥»©ÛªÑ»¡©ú®Ñ¼W¸É¤¤¹w´Áªº¬ü°ê¦s°U¾ÌÃÒªº¾P°â±N³q¹LThe Depository Trust Companyªº³]¬I©Î³q¹L§Ú­Ì»PJefferies¥i¯à¦P·Nªº¨ä¥L¤è¦¡¶i¦æµ²ºâ¡C¨S¦³¥H°UºÞ¡A«H°U©ÎÃþ¦ü¤è¦¡±µ¦¬¸êª÷ªº¦w±Æ¡C

§Ú­Ì±N¦VJefferies¤ä¥I¦þª÷¡A¸Ó¦þª÷µ¥©ó¨C¦¸ADS¥X°â©Ò±oÁ`¦¬¯qªº3¢H¡C¥Ñ©ó¨S¦³³Ì§C­n¬ùª÷ÃB§@¬°µ²§ô¥»¦¸µo¦æªº±ø¥ó¡A¦]¦¹¥Ø«eµLªk½T©w¦V§Ú­Ì´£¨Ñªº¹ê»ÚÁ`¤½¶}µo¦æª÷ÃB¡A¦þª÷©M¦¬¯q¡C¦¹¥~¡A§Ú­Ì¤w¦P·N°hÁÙJefferiesªº«ß®v¶O¥Î¡A¨Ã¦b°õ¦æ¾P°â¨óij®É¦V¨ä¤ä¥I¤£¶W¹L50,000¬ü¤¸ªº¶O¥Î¡A¥H¤Îªk«ßÅU°Ý¥¿¦b¶i¦æªº¬Y¨Ç¥I´Ú¡C§Ú­Ì¦ô­p¡A¦¹¦¸µo¦æªºÁ`¶O¥Î¡]¤£¥]¬A®Ú¾Ú¾P°â¨óijªº³W©wÀ³¤ä¥Iµ¹Jefferiesªº¥ô¦ó¦þª÷©Î¶O¥Î³ø¾P¡^±N¬ù¬°150,000¬ü¤¸¡C³Ñ¾lªº¥X°â¦¬¯q¦b¦©°£¥ô¦ó¨ä¥L¥æ©ö¶O¥Î«á¡A±Nµ¥©ó§Ú­Ì¥X°â¦¹ÃþªÑ²¼©Ò±oªº²b¦¬¯q¡C

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´N¥Nªí§Ú­Ì¥X°â¬ü°ê¦s°U¾ÌÃÒ¦Ó¨¥¡A³Ç´I·ç¥i³Qµø¬°¡mÃÒ¨éªk¡n©Ò«üªº¡§¥]¾P°Ó¡¨¡A³Ç´I·çªº³ø¹S±N³Qµø¬°¥]¾P¦þª÷©Î§é¦©¡C§Ú­Ì¤w¦P·N¦VJefferies½ßÀv¬Y¨Ç¥Á¨Æ³d¥ô¡A¥]¬A¡mÃÒ¨éªk¡n³W©wªº³d¥ô¡C§Ú­ÌÁÙ¦P·N¬°Jefferies´N¦¹Ãþ¶Å°È¥i¯à»Ý­n¤ä¥Iªº´Ú¶µ§@¥X°^Äm¡C

®Ú¾Ú¡m¾P°â¨óij¡n´£¨Ñªº¬ü°ê¦s°U¾ÌÃÒªºµo¦æ±N¦b¡]i¡^¥X°â¨ü¡m¾P°â¨óij¡n¬ù§ôªº©Ò¦³ADS¥H¤Î¡]ii¡^¦b¨ä¤¤¤¹³\ªº²×¤î¡m¾P°â¨óij¡n¤¤ªº¸û¦­ªÌ²×¤î¡C§Ú­Ì©MJefferies§¡¥i¦b´£«e¤Q¤Ñ³qª¾ªº¥ô¦ó®É­Ô²×¤î¾P°â¨óij¡C

¥»¾P°â¨óijªº¹ê½è©Ê±ø´ÚºK­n¨Ã¤£¦®¦b§¹¾ã¦a»¡©ú¨ä±ø´Ú©M±ø¥ó¡C ¡m¾P°â¨óij¡nªº°Æ¥»±N§@¬°®Ú¾Ú¡m¥æ©öªk¡n´£¥æªºªí®æ6-Kªº³ø§iªº®i«~¦sÀÉ¡A¨Ã§@¬°¥»©ÛªÑ»¡©ú®Ñ¸É¿òªº°Ñ¦Ò¡C



S-58

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ASLN ADS----
ir.aslanpharma.com/node/7536/html
S-7

---------------------
THE OFFERING

ADSs offered by us
ADSs having an aggregate offering price of up to $7,500,000.

Ordinary shares to be outstanding after this offering:
Up to 208,894,360 ordinary shares, including ordinary shares represented by ADSs (as more fully described in the notes following this table), assuming sales of 3,787,878 ADSs in this offering at an offering price of $1.98 per ADS, which was the last reported sale price of ADSs on Nasdaq on October 7, 2020. The actual number of ADSs issued will vary depending on the sales prices under this offering.




The ADSs
Each ADS represents five ordinary shares. The offered ADSs may be evidenced by American Depositary Receipts, or ADRs.




Depositary
JPMorgan Chase Bank, N.A.




Plan of Distribution
¡§At the market offering¡¨ that may be made from time to time through our sales agent, Jefferies. See ¡§Plan of Distribution¡¨ on page S-58 of this prospectus supplement.




Use of Proceeds
We currently intend to use the net proceeds from this offering for working capital and general corporate purposes, including research and development expenses and capital expenditures. See ¡§Use of Proceeds¡¨ on page S-20 of this prospectus supplement.




Risk Factors
Investing in our ADSs involves significant risks. See ¡§Risk Factors¡¨ on page S-8 of this prospectus supplement, and under similar headings in other documents incorporated by reference into this prospectus supplement and the accompanying prospectus.




Nasdaq Global Market symbol
¡§ASLN¡¨

All information in this prospectus supplement related to the number of our ordinary shares to be outstanding immediately after this offering is based on 189,954,970 shares of our ordinary shares outstanding as of June 30, 2020. The number of ordinary shares outstanding as of June 30, 2020 excludes:




13,841,879 ordinary shares issuable upon the exercise of share options outstanding as of June 30, 2020 under our 2014 Employee Share Option Scheme Plan, or the 2014 Plan, and the 2017 Employee Share Option Plan 1, or the 2017 Plan, at a weighted-average exercise price of $0.74 per ordinary share;





174,167 ordinary shares authorized for issuance pursuant to future awards under our 2017 Plan as of June 30, 2020;





483,448 ADSs (representing 2,417,240 ordinary shares) issuable upon the exercise of outstanding warrants issued in October 2019, at an exercise price of $2.02 per ADS, in connection with the first drawdown of our loan facilities;





74,377 ADSs (representing 371,885 ordinary shares) issuable upon the exercise of outstanding warrants issued in November 2019, at an exercise price of $2.02 per ADS, in connection with the second drawdown of our loan facilities; and





any ADSs (representing ordinary shares) issuable upon the conversion of the outstanding principal amount plus accrued and unpaid interest under our September 2019 loan facility.

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We have entered into a certain Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, relating to American Depositary Shares, or ADSs, each representing five ordinary shares, offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Sales Agreement, pursuant to this prospectus supplement we may offer and sell ADSs having an aggregate offering price of up to $7,500,000 from time to time through Jefferies, acting as sales agent.

Our ADSs are listed on The Nasdaq Global Market, or Nasdaq, under the symbol ¡§ASLN.¡¨ On October 7, 2020, the last reported sale price of our ADSs was $1.98 per ADS.

The aggregate market value of our outstanding ordinary shares held by non-affiliates, or public float, was approximately $66.7 million, which was calculated based on 168,526,654 ordinary shares outstanding held by non-affiliates and a per share price of $0.396 (or $1.98 per ADS) as reported on Nasdaq on October 7, 2020. As of the date of this prospectus, we have offered an aggregate market value of $14,733,015 of securities pursuant to General Instruction I.B.5. of Form F-3 during the prior 12 calendar month period that ends on, and includes, the date of this prospectus. Pursuant to General Instruction I.B.5. of Form F-3, in no event will we sell securities registered on the registration statement of which this prospectus supplement is a part with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75.0 million.

Sales of our ADSs, if any, under this prospectus supplement may be made in sales deemed to be an ¡§at the market offering¡¨ as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, or the Securities Act. Jefferies is not required to sell any specific number or dollar amount of securities, but will act as sales agent on a best efforts basis and use commercially reasonable efforts to sell on our behalf all ADSs requested to be sold by us, consistent with its normal trading and sales practices, on mutually agreed terms between us and Jefferies. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.

Jefferies will be entitled to compensation at a fixed commission rate of 3.0% of the gross sales price per ADS sold under the Sales Agreement. See ¡§Plan of Distribution¡¨ beginning on page 58 of this prospectus supplement for additional information regarding the compensation to be paid to Jefferies. In connection with the sale of the ADSs on our behalf, Jefferies will be deemed to be an ¡§underwriter¡¨ within the meaning of the Securities Act, and the compensation of Jefferies will be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to Jefferies with respect to certain liabilities, including liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended, or the Exchange Act.

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10 best-selling drugs in the world by 2026
Maia Anderson - Tuesday, July 28th, 2020 Print | Email
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In its annual World Preview 2020 report, EvaluatePharma, a pharmacy-focused data analytics firm, forecasted which prescription drugs will be best-sellers in 2026. Merck¡¦s oncology drug Keytruda is expected to top the list.

EvaluatePharma¡¦s 10 best-selling drugs in 2026 and their expected global sales:

1.Keytruda (Merck) ¡X $24.9 billion

2.Opdivo (Bristol Myers Squibb) ¡X $12.7 billion

3.Eliquis (Bristol Myers Squibb) ¡X $12.6 billion

4.Biktarvy (Gilead) ¡X $11.7 billion

5.Imbruvica (AbbVie + Johnson & Johnson) ¡X $10.7 billion

6.Ibrance (Pfizer) ¡X $9.7 billion

7.Tagrisso (AstraZeneca) ¡X $9.5 billion

8.Dupixent (Sanofi) ¡X $9.4 billion

9.Trikafta (Vertex Pharmaceuticals) ¡X$8.7 billion

10.Ozempic (Novo Nordisk) ¡X $8.3 billion

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FDA Approves Incyte¡¦s Pemazyre™ (pemigatinib) as First Targeted Treatment for Adults with Previously Treated, Unresectable Locally Advanced or Metastatic Cholangiocarcinoma

(¤G½uÁx¹DÀù Ãĵý, ¥H¤G´ÁÁ{§É147¤H¸ê®Æ. ¥Ó½ÐÃĵý, FDA ®Ö­ã.)

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ORR 36%

17 April, 2020




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- Pemazyre received Orphan Drug, Breakthrough Therapy and Priority Review designations based on the significant needs of people living with this devastating cancer -

- Investor conference call and webcast scheduled for Monday, April 20, 2020, at 8:00 a.m. ET -

WILMINGTON, Del.--(BUSINESS WIRE)--Apr. 17, 2020-- Incyte (Nasdaq:INCY) today announced that the U.S. Food and Drug Administration (FDA) has approved Pemazyre™ (pemigatinib), a kinase inhibitor indicated for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2 (FGFR2) fusion or other rearrangement as detected by an FDA-approved test. Pemazyre is the first and only FDA-approved treatment for this indication, which was approved under accelerated approval based on overall response rate and duration of response (DOR). Continued approval may be contingent on verification and description of clinical benefit in a confirmatory trial(s).

¡§Our research into FGFR2 fusions or rearrangements in cholangiocarcinoma and the development of Pemazyre as the first targeted treatment option demonstrates our commitment to translating scientific discovery into solutions that can positively impact patients¡¦ lives,¡¨ said Hervé Hoppenot, Chief Executive Officer, Incyte. ¡§We¡¦re proud to bring Pemazyre to patients and will make this new treatment available immediately.¡¨

The FDA approval was based on data from the FIGHT-202 study, a multi-center, open-label, single-arm study that evaluated Pemazyre as a treatment for adults with cholangiocarcinoma. In patients harboring FGFR2 fusions or rearrangements (Cohort A), Pemazyre monotherapy resulted in an overall response rate of 36% (primary endpoint), and median DOR of 9.1 months (secondary endpoint). Warnings and precautions for Pemazyre include eye problems such as dry or inflamed eyes, inflamed cornea, increased tears and a disorder of the retina; high levels of phosphate in the blood; and, for women who are pregnant, a risk of harm to the unborn baby or loss of pregnancy.

The FDA granted Pemazyre Breakthrough Therapy designation for the treatment of patients with previously treated advanced/metastatic or unresectable FGFR2 translocated cholangiocarcinoma. Additionally, the FDA granted Pemazyre Orphan Drug designation for the treatment of cholangiocarcinoma, and the New Drug Application (NDA) for Pemazyre was reviewed under the FDA¡¦s Priority Review program.

¡§Although cholangiocarcinoma is considered a rare disease, it has been on the rise over the past three decades,¡¨1,2 said Ghassan Abou-Alfa, M.D., Memorial Sloan Kettering Cancer Center. ¡§It is encouraging to have a new targeted treatment option for patients who historically have had limited options after first-line chemotherapy or surgery, in which relapse rates remain high.¡¨

Cholangiocarcinoma is a rare cancer that forms in the bile duct. It is classified based on its anatomical origin: intrahepatic cholangiocarcinoma (iCCA) occurs in the bile duct inside the liver and extrahepatic cholangiocarcinoma occurs in the bile duct outside the liver. Patients with cholangiocarcinoma are often diagnosed at a late or advanced stage when the prognosis is poor.3,4 The incidence of cholangiocarcinoma varies regionally and ranges between 0.3-3.4 per 100,000 in North America and Europe.3 FGFR2 fusions or rearrangements occur almost exclusively in iCCA, where they are observed in 10-16% of patients.5-7 FGFRs play an important role in tumor cell proliferation and survival, migration and angiogenesis (the formation of new blood vessels). Activating fusions, rearrangements, translocations and gene amplifications in FGFRs are closely correlated with the development of various cancers.

¡§Today¡¦s approval of Pemazyre provides an exciting new treatment option for patients and will bring hope to those who typically face a difficult diagnosis journey and poor prognosis,¡¨ said Stacie Lindsey, President, Cholangiocarcinoma Foundation.

Incyte is committed to supporting patients and removing barriers to access medicines. Eligible patients in the U.S. who are prescribed Pemazyre have access to IncyteCARES (Connecting to Access, Reimbursement, Education and Support), a comprehensive program offering patient support, including financial assistance and ongoing education and resources to eligible patients. More information is available at Pemazyre.com.

The FDA is also expected to approve FoundationOne®CDx as the companion diagnostic for Pemazyre. FoundationOne CDx is Foundation Medicine¡¦s comprehensive genomic profiling assay and broad companion diagnostic platform approved for all solid tumors. If approved, this companion diagnostic would help identify patients with FGFR2 fusions or rearrangements who may be eligible for Pemazyre.

Conference Call Information

Incyte will host an investor conference call and webcast on Monday, April 20, 2020, at 8:00 a.m. ET. The webcast will be available via investor.incyte.com.

To access the conference call, please dial 877-407-3042 for domestic callers or +1-201-389-0864 for international callers. When prompted, provide the conference identification number 13700772.

If you are unable to participate, a replay of the conference call will be available for 30 days. The replay dial-in number for the United States is 877-660-6853 and the dial-in number for international callers is +1-201-612-7415. To access the replay, you will need the conference identification number 13700772.

About FIGHT-202

The FIGHT-202 Phase 2 multi-center, open-label, single-arm study (NCT02924376) evaluated the safety and efficacy of Pemazyre ¡V a selective fibroblast growth factor receptor (FGFR) inhibitor ¡V in adult (age ≥18 years) patients with previously treated, locally advanced or metastatic cholangiocarcinoma with documented FGFR2 fusion or rearrangement.

Patients were enrolled into one of three cohorts ¡V Cohort A (FGFR2 fusions or rearrangements), Cohort B (other FGF/FGFR genetic alterations) or Cohort C (no FGF/FGFR genetic alterations). All patients received 13.5 mg Pemazyre orally once daily (QD) on a 21-day cycle (two weeks on/one week off) until radiological disease progression or unacceptable toxicity.

The primary endpoint of FIGHT-202 was overall response rate (ORR) in Cohort A, assessed by independent review per RECIST v1.1. Secondary endpoints include ORR in Cohorts B, A plus B, and C; and duration of response (DOR).

For more information about FIGHT-202, visit clinicaltrials.gov/ct2/show/NCT02924376.


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Analysts Offer Insights on Healthcare Companies: Vaxart (VXRT), Bausch Health Companies (BHC) and Aslan Pharmaceuticals (ASLN)


Catie Powers-September 22, 2020, 6:25 AM EDT


There¡¦s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Vaxart (VXRT), Bausch Health Companies (BHC) and Aslan Pharmaceuticals (ASLN) with bullish sentiments.

Vaxart (VXRT)

In a report released today, Vernon Bernardino from H.C. Wainwright reiterated a Buy rating on Vaxart, with a price target of $17.00. The company¡¦s shares closed last Monday at $8.99.





According to TipRanks.com, Bernardino is a 5-star analyst with an average return of 15.4% and a 35.0% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Citius Pharmaceuticals, Aridis Pharmaceuticals, and Phio Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vaxart with a $19.50 average price target, representing a 141.6% upside. In a report issued on September 8, B.Riley FBR also reiterated a Buy rating on the stock with a $22.00 price target.

See today¡¦s analyst top recommended stocks >>

Bausch Health Companies (BHC)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Bausch Health Companies, with a price target of $50.00. The company¡¦s shares closed last Monday at $16.52.

According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 21.4% and a 45.7% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Turning Point Therapeutics, and Biospecifics Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bausch Health Companies with a $29.57 average price target.

Aslan Pharmaceuticals (ASLN)

In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Aslan Pharmaceuticals, with a price target of $5.00. The company¡¦s shares closed last Monday at $1.50, close to its 52-week low of $0.35.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 7.8% and a 36.2% success rate. Chen covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, HTG Molecular Diagnostics, and EyePoint Pharmaceuticals.

Aslan Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.

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®Ú¾ÚTipRanks.comªº¼Æ¾Ú¡AChen¬O¥|¬P¯Å¤ÀªR®v¡A¥­§¡¦^³ø²v¬°7.8¢H¡A¦¨¥\²v¬°36.2¢H¡C Chen²[»\ÂåÀø«O°·»â°ì¡A¥D­nÃöª`Interpace Diagnostics Group¡AHTG Molecular Diagnostics©MEyePoint Pharmaceuticalsµ¥ªÑ²¼¡C

Aslan Pharmaceuticals¹ï¤ÀªR®vªº¬Ýªk¬°¡§Moderate Buy ¡¨¡A¥Ø¼Ð»ù¬°5.00¬ü¤¸¡C

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities

www.smarteranalyst.com/new-blurbs/analysts-offer-insights-on-healthcare-companies-vaxart-vxrt-bausch-health-companies-bhc-and-aslan-pharmaceuticals-asln/

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ASLAN Pharmaceuticals­º®uÂå¾Ç©xKenneth Kobayashi³Õ¤h»¡¡G¡§¦Û¤W­Ó¤ë·s¥[©Y¸Ñ°£­­¨î¥H¨Ó¡A§Ú­Ì¯à°÷¥þ­±©Û¶Ò²Ä¤G§åMAD¬ã¨sªº³t«×¦A¦¸¦LÃÒ¤F±wªÌªº»Ý¨D³W¼Ò©M¿³½ì¥Î©óADªº³Ð·sÀøªkªºÂå®v¶¤¥î¡C§Ú­Ì¥[§Ö¤F¦b¬ü°ê©M¿D¤j§Q¨È¶}³]·s¬ã¨s¯¸ÂIªº­p¹º¡A¨Ã¬°³o¨Ç¯¸ÂI²{¦b¤w·Ç³Æ´Nºü¦Ó·P¨ì°ª¿³¡C¡¨

ASLAN004¬O¤@¬yªº³æ§J¶©§ÜÅé¡A¥i»PIL-13¨üÅé£\1¨È°ò¡]IL-13R£\1¡^µ²¦X¡AªýÂ_¨âºØ«Pª¢©Ê²Ó­M¦]¤lIL-4©MIL-13ªº«H¸¹¶Ç¾É¡A³o¨âºØ«Pµo²Ó­M¦]¤l¬OIJµo¥H¤U¯gª¬ªºÃöÁäAD¡A¨Ò¦p¥Ö½§µo¬õ©Mæ±Äo¡C

PRESS RELEASE
ASLAN PHARMACEUTICALS COMPLETES ENROLMENT IN SECOND COHORT AND OPENS NEW SITES IN US AND AUSTRALIA IN ASLAN004 ATOPIC DERMATITIS STUDY
Singapore, 21 September 2020 ¡V ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology and oncology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that clinical sites in the US and Australia are now open and ready to enrol patients into its multiple ascending dose (MAD) study testing the first-in-class therapeutic antibody ASLAN004 in moderate to severe atopic dermatitis (AD) patients. Patients will now be recruited from 4 sites in Australia, 3 sites in the US alongside 2 existing sites in Singapore.
ASLAN recently restarted recruitment into the second cohort of the randomised, double blind, placebo-controlled study in Singapore following the lifting of government restrictions in response to COVID-19. All 8 patients have now been fully recruited into the cohort and ASLAN plans to initiate recruitment into the third cohort following approval by the Data Monitoring Committee. A further 8 patients will be recruited in Singapore, the US and Australia. ASLAN expects to report interim, unblinded data from all 3 dose cohorts in 4Q 2020.
Dr Kenneth Kobayashi, Chief Medical Officer, ASLAN Pharmaceuticals, said: ¡§The speed at which we have been able to fully recruit the second cohort of the MAD study since restrictions lifted in Singapore last month reaffirms the scale of the demand by patients and the interest of physicians for innovative treatments for AD. We accelerated our plans to open new study sites in the US and Australia, and are pleased that the sites are now ready to recruit.¡¨
ASLAN004 is a first-in-class monoclonal antibody that binds to the IL-13 receptor £\1 subunit (IL-13R£\1), blocking signalling of two pro-inflammatory cytokines, IL-4 and IL-13, which are central to triggering symptoms of AD, such as redness and itching of the skin.

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clinicaltrials.gov/ct2/show/NCT04090229
A Multi-center, Randomized, Double-blind, Placebo-controlled, Multiple Ascending Dose Study of the Safety, Tolerability, and Pharmacokinetics of Subcutaneously Delivered ASLAN004 in Adults With Moderate-Severe Atopic Dermatitis

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FSC approval of public company status cessation of the Company

On September 17, 2020, ASLAN Pharmaceuticals Limited (the ¡§Company¡¨) received a letter from the Financial Supervisory Commission of Taiwan confirming that the Company is no longer considered a public company in Taiwan. As previously disclosed on Company¡¦s Form 6-K filed with the Securities and Exchange Commission on September 4, 2020, the cessation of public company status in Taiwan was approved by the Company¡¦s shareholders at the second extraordinary general meeting held on September 4, 2020.

The Company¡¦s American Depositary Shares will continue to be listed and traded on the Nasdaq Global Market.

www.sec.gov/Archives/edgar/data/1722926/000156459020043862/asln-6k_20200917.htm

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Merck¡¦s Partnership With Seattle Genetics Is a Bet on a New Anticancer Strategy

Published: Sept. 14, 2020 at 11:15 a.m. ET


Merck launched a $4.2 billion partnership with Seattle Genetics on Monday, for development of antibody-drug conjugates, a treatment that zeroes in on tumors.
Michael Vi/Dreamstime .
Merck unveiled a $4.2 billion partnership with Seattle Geneticson Monday, for development of a poison-tipped antibody treatment that zeroes in on tumors. The announcement comes a day after Gilead Science¡¦s $21 billion deal to acquire another antibody-drug developer, Immunomedics.Bidding for Immunomedics was fierce and reflects the excitement over so-called antibody-drug conjugates for treating tumors that defy existing therapies.


After Monday¡¦s announcement, the stock of Seattle Genetics (ticker: SGEN) was up 7% to $161, while Merck (MRK) was up 0.5% to $83.91. Gilead¡¦s $88-a-share deal for Immunomedics (IMMU) lifted Gilead stock (GILD) 2%, to $66.34.




Editor¡¦s Choice

.
Antibody-drug conjugates pair a toxin with an antibody designed to home-in on distinctive features of aggressive tumors. They¡¦ve proven effective, and relatively safe, in stubborn cancers that resisted other treatments. Other big drug companies developing antibody-drug conjugates include Japan¡¦s Daichi Sankyo (DSNKY),






Merck will pay Seattle Genetics $600 million up front and buy $1 billion worth of the biotech company¡¦s stock, with an additional $2.6 billion in potential payments down the road. The deal covers an investigational antibody-drug conjugate that will be tested against certain kinds of breast cancers and other solid tumors¡Xas a single treatment and in combination with Merck¡¦s blockbuster immuno-oncology treatment Keytruda.

Merck will also fund trials of another Seattle Genetics product called Tukysa, as a potential treatment for cancers of the breast, colon, and stomach.

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Gilead Sciences to acquire Immunomedics in $21B deal
Yahoo Finance VideoSeptember 14, 2020


Gilead Sciences is set to acquire Immunomedics in a $21 billion dollar deal, which is expected to close in the fourth quarter of 2020. Dr. Behzad Aghazadeh, Immunomedics Executive Chairman, joins Yahoo Finance¡¦s The First Trade with Alexis Christoforous and Brian Sozzi to discuss.

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Ån©ÊÅÖºû¤Æ¬O¤@ºØ¨u¨£ªº¡A¶i¦æ©Êªº¡A«Â¯Ù¥Í©Rªº¯e¯f¡A·|¾É­PÖß²Gªº§Î¦¨¡A³oºØÖß²G·|¿n»E¦bªÍ³¡¡A®ø¤Æ¹D©M¨­Å骺¨ä¥L³¡¦ì¡C¥¦·|¾É­PÄY­«ªº©I§l¨t²Î©M®ø¤Æ¨t²Î°ÝÃD¥H¤Î¨ä¥L¨Ãµo¯g¡A¨Ò¦p·P¬V©M¿}§¿¯f¡CÅn©ÊÅÖºû¤Æ¬O¥ÑCFTR°ò¦]¬ðÅܾɭPªº³J¥Õ½è¯Ê³´¤Þ°_ªº¡C CFTR°ò¦]¤j¬ù¦³2,000­Ó¤wª¾¬ðÅÜ¡A¦Ó³Ì±`¨£ªº¬ðÅܬOF508del¬ðÅÜ¡C

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¦b¨C¶µ¸ÕÅ礤¡A¥D­n¤ÀªRµÛ²´©ó¤@¬íÄÁ¤º¹w´úªº±j¨î©I®ð¶q¦Ê¤À¤ñªº¼W¥[¡A§YppFEV1¡AppFEV1¬OÅn©ÊÅÖºû¤ÆªÍ¯f¶i®iªº¤½»{¼Ð»x¡C Trikafta¦b¨â¶µ¸ÕÅ礤§¡¼W¥[¤FppFEV1¡C¦b²Ä¤@¶µ¸ÕÅ礤¡A»P¦w¼¢¾¯¬Û¤ñ¡A¥¦ªº¥­§¡ppFEV1¤ñ°ò½u¼W¥[¤F13.8¢H¡C¦b²Ä¤G¶µ¸ÕÅ礤¡A»Ptezacaftor / ivacaftor¬Û¤ñ¡A¥¦ªº¥­§¡ppFEV1¤ñ°ò½u¼W¥[¤F10¢H¡C¦b²Ä¤@­Ó¸ÕÅ礤¡A»P¦w¼¢¾¯¬Û¤ñ¡A¨Ï¥ÎTrikaftaªºªvÀøÁ٧ﵽ¤F¦½²G´â¤Æª«¡AªÍ³¡¥[­«¦¸¼Æ¡]¥[­«¤F©I§l¨t²Î¯gª¬©MªÍ¥\¯à¡^¥H¤ÎÅé­««ü¼Æ¡]Åé­«»P¨­°ª¤ñ¡^¡C

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The U.S. Food and Drug Administration today approved Trikafta (elexacaftor/ivacaftor/tezacaftor), the first triple combination therapy available to treat patients with the most common cystic fibrosis mutation. Trikafta is approved for patients 12 years and older with cystic fibrosis who have at least one F508del mutation in the cystic fibrosis transmembrane conductance regulator (CFTR) gene, which is estimated to represent 90% of the cystic fibrosis population.

¡§At the FDA, we¡¦re consistently looking for ways to help speed the development of new therapies for complex diseases, while maintaining our high standards of review. Today¡¦s landmark approval is a testament to these efforts, making a novel treatment available to most cystic fibrosis patients, including adolescents, who previously had no options and giving others in the cystic fibrosis community access to an additional effective therapy,¡¨ said acting FDA Commissioner Ned Sharpless, M.D. ¡§In the past few years, we have seen remarkable breakthroughs in therapies to treat cystic fibrosis and improve patients¡¦ quality of life, yet many subgroups of cystic fibrosis patients did not have approved treatment options. That¡¦s why we used all available programs, including Priority Review, Fast Track, Breakthrough Therapy, and orphan drug designation, to help advance today¡¦s approval in the most efficient manner possible, while also adhering to our high standards. The FDA remains committed to advancing novel treatment options for areas of unmet patient need, particularly for diseases affecting children.¡¨

Cystic fibrosis, a rare, progressive, life-threatening disease, results in the formation of thick mucus that builds up in the lungs, digestive tract, and other parts of the body. It leads to severe respiratory and digestive problems as well as other complications such as infections and diabetes. Cystic fibrosis is caused by a defective protein that results from mutations in the CFTR gene. While there are approximately 2,000 known mutations of the CFTR gene, the most common mutation is the F508del mutation.

Trikafta is a combination of three drugs that target the defective CFTR protein. It helps the protein made by the CFTR gene mutation function more effectively. Currently available therapies that target the defective protein are treatment options for some patients with cystic fibrosis, but many patients have mutations that are ineligible for treatment. Trikafta is the first approved treatment that is effective for cystic fibrosis patients 12 years and older with at least one F508del mutation, which affects 90% of the population with cystic fibrosis or roughly 27,000 people in the United States.

The efficacy of Trikafta in patients with cystic fibrosis aged 12 years and older was demonstrated in two trials. The first trial was a 24-week, randomized, double-blind, placebo-controlled trial in 403 patients who had an F508del mutation and a mutation on the second allele that results in either no CFTR protein or a CFTR protein that is not responsive to ivacaftor or tezacaftor/ivacaftor alone. The second trial was a four-week, randomized, double-blind, active-controlled trial in 107 patients who had two identical F508del mutations.

In each trial, the primary analysis looked at increases in the percent predicted forced expiratory volume in one second, known as ppFEV1, which is an established marker of cystic fibrosis lung disease progression. Trikafta increased the ppFEV1 in both trials. In the first trial, it increased mean ppFEV1 13.8% from baseline compared to placebo. In the second trial, it increased mean ppFEV1 10% from baseline compared to tezacaftor/ivacaftor. In the first trial, treatment with Trikafta also resulted in improvements in sweat chloride, number of pulmonary exacerbations (worsening respiratory symptoms and lung function), and body mass index (weight-to-height ratio) compared to placebo.

The safety profile of Trikafta is based on data from the 510 cystic fibrosis patients in the two trials. The safety profile was generally similar across all subgroups of patients. Serious adverse drug reactions that occurred more frequently in patients receiving Trikafta compared to placebo were rash and influenza (flu) events. The most common adverse drug reactions included headaches, upper respiratory tract infections, abdominal pains, diarrhea, rashes, increased liver enzymes (alanine aminotransferase and aspartate aminotransferase), nasal congestion, increased blood creatine phosphokinase (an enzyme that can be associated with muscle damage), rhinorrhea (mucus in the nasal cavity), rhinitis (swelling of the mucous membrane of the nose), influenza, sinusitis and increased blood bilirubin (may be caused by problems involving the liver, gallbladder or red blood cells).

The prescribing information for Trikafta includes warnings related to elevated liver function tests (transaminases and bilirubin), use at the same time with other products that are inducers or inhibitors of another liver enzyme called Cytochrome P450 3A4 (CYP3A), and the risk of cataracts. Patients and their caregivers should speak with a health care professional about these risks and any medicines they take before starting treatment.

Patients with cystic fibrosis should speak with a health care professional and have tests performed to understand which gene mutations they have. The presence of at least one F508del mutation should be confirmed using an FDA-cleared genotyping assay prior to treatment. The safety and effectiveness of Trikafta in patients with cystic fibrosis younger than 12 years of age have not been established.

The FDA granted this application Priority Review, in addition to Fast Track and Breakthrough Therapy Designation. Trikafta also received orphan drug designation, which provides incentives to assist and encourage the development of drugs for rare diseases. Drugs approved under expedited programs are held to the same approval standards as other FDA approvals. Because of Trikafta¡¦s benefit to the cystic fibrosis community, the FDA reviewed and approved Trikafta in approximately three months, ahead of the March 19, 2020 review goal date. The approval of Trikafta was granted to Vertex Pharmaceuticals Incorporated, which will receive a Rare Pediatric Disease Priority Review Voucher for developing this therapy.

The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation¡¦s food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.

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The race to develop a safe and effective COVID-19 vaccine is well under way, setting the stage to bring to market the fastest vaccine in history.

There are dozens of coronavirus vaccines in development, primarily in the preclinical phase when they are tested on animals. In the U.S., there are seven vaccine candidates that have moved into clinical trials with human participants, including three that have moved into the crucial Phase 3 development phase.


The first and second phases of clinical studies are primarily conducted to test for safety, while the third and final stage is used to determine whether vaccines are efficacious and can prevent infection among participants. At that point, the vaccine makers will decide when to pursue an emergency-use authorization from the Food and Drug Administration and/or a full approval. The majority of the vaccines in development have received funding from the U.S. government, either to help support clinical development or pay for manufacturing and distribution of the vaccines as part of the Trump administration¡¦s ¡§Operation Warp Speed¡¨ program.






MarketWatch will update this tally as the vaccines move through development.


Vaccines in Phase 3 trials in the U.S. (cited in alphabetical order, by company name):

• AstraZeneca AZN, +2.10% AZN, +0.82%,in partnership with the University of Oxford

Year-to-date stock performance: Up 7.8%.



Name: AZD1222.

Type: Vector-based.

Phase 1/2: Data from the Phase 1/2 trial, which is being conducted in the U.K., was published July 20 in the Lancet. It reported neutralizing antibody responses in 91% of 35 patients when using one test and 100% of 35 patients when using a different test.

Phase 3: This trial, which will be held in the U.S., is expected to enroll up to 30,000 participants. (Late-stage studies are also being conducted in Brazil, South Africa and the U.K.) Data are expected by the end of the year.


Clinical development and manufacturing funding from the U.S. government: up to $1.2 billion.

U.S. dose promise: 300 million doses.

Dosing: 2 doses.

• BioNTech BNTX, +2.15%and Pfizer Inc. PFE, -1.18%

Year-to-date stock performances: BioNTech, up 75%; Pfizer, down 8.3%.






Name: BNT162b2.

Type: mRNA.

Phase 1: The companies published preliminary data on July 1 for BNT162b1 as a preprint. They said then that 24 participants in the study who received two doses of the lower-dose vaccine developed neutralizing antibodies. A second preprint was published on Aug. 28 for BNT162b2 that found this candidate produced similar levels of antibodies but participants reported fewer reactions.

Phase 2/3: This trial is expected to focus on BNT162b2. It is expected to enroll up to 30,000 participants in Argentina, Brazil and the U.S.

Manufacturing funding from the U.S. government: $1.95 billion.

U.S. dose promise: 100 million doses, with option to buy up to 500 million more doses.

Dosing: 2 doses.

• Moderna Inc. MRNA, -13.19%

Year-to-date stock performance: Up 187.8%.






Name: mRNA-1273.

Type: mRNA.

Phase 1: Preliminary data were released May 18; more detailed data published July 14 in the New England Journal of Medicine. Moderna¡¦s vaccine candidate elicited neutralizing antibodies in all 45 participants in this trial, which was conducted in the U.S. in partnership with the National Institute of Allergy and Infectious Diseases.

Phase 2a: This study closed enrollment of 600 participants on July 8. This trial is also focused on the U.S.

Phase 3: This study is expected to complete enrollment of up to 30,000 people some time in September.

R&D funding from BARDA: $955 million.

Supply funding from the U.S. government: Up to $1.525 billion.

U.S. dose promise: 100 million, with option to acquire up 400 million additional doses.

Dosing: 2 doses.

Vaccines in Phase 1 and 2 trials in the U.S. (cited in alphabetical order, by company name):

• Inovio Pharmaceuticals Inc. INO, +0.41%






Year-to-date stock performance: Up 191.2%.

Name: INO-4800.

Type: DNA.

Phase 1: The company released some preliminary data on June; it has not yet shared the full data but has submitted the results for publication in a peer-reviewed medical journal. The trial is being conducted in the U.S.

Phase 2/3: Inovio said on Sept. 8 that it plans to launch this phase of the study in September, if it is given the go-ahead by the FDA.

U.S. government funding: It received $71 million from the Department of Defense to make and buy the devices that will be used to dispense the company¡¦s vaccine if it is authorized or approved.

• Johnson & Johnson JNJ, -0.89%

Year-to-date stock performance: Up 1.2%.

Name: Ad26. COV2. S.






Type: Vector-based.

Phase 1/2a: The study began in the second half of July, with a goal of enrolling 1,045 adults in Belgium and the U.S.

Phase 3: It plans to launch this trial in September.

R&D funding from BARDA: $456 million

U.S. government funding for manufacturing and delivery:More than $1 billion (from BARDA and the Department of Defense).

U.S. dose promise: 100 million doses, with option to buy up to 200 million additional doses.

• Novavax Inc. NVAX, -8.20%

Year-to-date stock performance: Up 2,167.6%.

Name: NVX-CoV2373.

Type: Protein subunit.






Phase 1: Preliminary data from a trial conducted in Australia were published Sept. 2 in the New England Journal of Medicine.

Phase 1/2: The second phase of the Phase 1/2 trial started in August and will be conducted in Australia and the U.S.

Phase 3: TBD.

Clinical development and manufacturing funding from the U.S. government:$1.6 billion.

U.S. dose promise: 100 million doses.

• Sanofi SNY, +1.83% SAN, +0.19% , in combination with GlaxoSmithKline¡¦s GSK, +1.30% GSK, -0.21% adjuvant technology

Year-to-date stock performance: Up 0.6%.

Name: TBD.

Type: Protein-based.

Phase 1/2 study: The trial was initiated Sept. 3, with a goal of enrolling 440 adults in the U.S. Results are expected in December.

Phase 3: This study is expected to launch by the ¡§end of 2020.¡¨

Clinical development and manufacturing funding from the U.S. government: Up to $2.1 billion.

U.S. dose promise: Up to 100 million doses, with option to buy up to 500 million doses.

Sources: Company websites, federal data, the World Health Organization, RBC Capital Markets.

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5.

What are the main benefits in moving ASLAN¡¦s primary listing from Taiwan to the U.S.?

As noted above, shortly after we are delisted from TPEx, we will no longer be subject to TPEx and Taiwan regulations.

Under TPEx and Taiwan regulations, the only practical way that we have been able to raise capital is through a public offering. Under a public offering in Taiwan, (i) we are not allowed to offer more than a 10% discount to new shares sold in the offering as compared to our ordinary share price on TPEx, (ii) we cannot sell shares to insiders and (iii) we need to apply with TPEx roughly three to six months in advance of an offering to secure both shareholder and regulatory approvals. In addition, changes in our book value can affect whether our shares are traded electronically or manually on TPEx, and the frequency by which buy and sell orders are matched. As a result, corporate financing alternatives are very limited.

After our primary listing has moved to the U.S., we believe we will benefit in the following ways:



We expect to take advantage of other funding mechanisms, such as private investment in public equity (PIPE) transactions, at-the-market offerings (ATMs), registered direct offerings, convertible bonds, derivative securities and others.



We expect to have greater flexibility in conducting financings, allowing us the opportunity to rapidly take advantage of fundraising windows and opportunities, especially around the release of new data.








We expect greater liquidity of our ADSs as all of our equity will trade in the U.S. rather than across two exchanges.





We expect it will reduce expenses and the significant corporate overhead required in maintaining our TPEx listing.



With Taiwan regulations requiring us to make approximately 200 disclosures annually, we expect day-to-day administration to be greatly simplified, allowing management to focus more time on our core business.

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±qªü´µ§Q±d­º®u°õ¦æ©xPascal Soriot°w¹ï¦¹¦¸¦X§@µoªíªºµû»ù¨Ó¬Ý¡A¦b²Ä¤@¦X§@ªº°ò¦¤W¡Aªü´µ§Q±d¦P¼Ë°ª«×ªÖ©wDS-1062ªº¶}µo«e´º¡C

DS-1062¹v¦VTrop-2¨üÅé¡A¸Ó¨üÅé¬O¦b¨Å¸¢Àù¡B®cÀVÀù¡Bµ²ª½¸zÀù¡BµÇÀù¡B¨xÀù¡BªÍÀù¡B¯Ø¸¢Àù¡B«e¦C¸¢Àùµ¥¦hºØ¸~½F²Ó­Mªí­±¤j¶qªí¹Fªº¸ó½¤³J¥Õ¡A¦b¤T³±¨Å¸¢Àù±wªÌªºªí¹F¶§©Ê²v¶W¹L80%¡A¦bNSCLC¤¤¤]¦P¼Ë°ªªí¹F¡]¹w­p¨ì2020¦~¡AªÍÀù±N¹Ü¨«¬ù13.5¸U¬ü°ê¤Hªº¥Í©R¡^¡C


TYO: 4568

-------------------------------------------------------
DOI: 10.1200/JCO.2020.38.15_suppl.9619 Journal of Clinical Oncology - published online before printMay 25, 2020


±ß´Á«D¤p²Ó­MªÍÀù¡]NSCLC¡^±wªÌ¡]pts¡^ªº´þ¾i¼h²Ó­Mªí­±§Ü­ì2¡]TROP2¡^§ÜÅéÃĪ«°¸Ápª«¡]ADC¡^DS-1062ªºI´Á¬ã¨sªº¾¯¶q»¼¼W©MÂX®i¡C

­I´º¡GTROP2¬O«D¤p²Ó­MªÍÀù¤¤¹L«×ªí¹Fªº²Ó­M¤º¶t«H¸¹Âà¾É¤l¡A¹w¥Ü¥Í¦s²v§C¡C DS-1062¬O¹v¦VTROP2ªºADC¡A¨ã¦³·s«¬©Ý¼³²§ºc酶1§í»s¾¯¡]exatecan­l¥Íª«¡ADXd¡^©M¦³§Æ±æªºÁ{§É«e§Ü¸~½F¬¡©Ê¡C¾Ú³ø¾É¡A¨Ó¦Û¥¿¦b¶i¦æ¤¤ªºDS-1062¦b±ß´Á/Âಾ©ÊNSCLC¤¤ªº²Ä1´Á¬ã¨sªº§ó·sµ²ªG¥]¬A24­ÓÃB¥~ªº¾¯¶q»¼¼WÂI©M32­Ó¾¯¶qÂX®iÂI¡]NCT03401385 / J101¡^¡C¤èªk¡G¦~ÄÖ≥18¡]US¡^©Î≥20¡]¤é¥»¡^ªº¤£¥i¤Á°£NSCLC¹ï¥i´ú¶q¯e¯fªº¼Ð·ÇªvÀø¡]RECIST v1.1¡^µL®Ä/´_µo¥B¥i¥Î©ó¦^ÅU©ÊTROP2µû¦ôªº¸~½F²Å¦X±ø¥óªº±wªÌ¡C¥D­n¥Ø¼Ð¥]¬A³Ì¤j­@¨ü¾¯¶q¡]MTD¡^Ų©w¡A¦w¥þ©Ê©M­@¨ü©Ê¡A¦¸­n¥Ø¼Ð¥]¬A¥\®Ä¡AÃÄ¥N°Ê¤O¾Ç©M°w¹ïDS-1062ªº§ÜÃĪ«§ÜÅ骺µo¥Í²v¡C¤£½×TROP2ªºµ¥¯Å¦p¦ó¡A¿n¤À³£¬O¦X®æªº¡Cµ²ªG¡GºI¦Ü2019¦~11¤ë16¤é¡A95¨Ò±wªÌ±µ¨ü¤F≥1¾¯DS-1062ªºªvÀø¡C³v¨B¤É¯Å´Á¶¡ªvÀø63¤À¡A¤À§O¬°0.27¡]n = 4¡^¡A0.5¡]n = 5¡^¡A1.0¡]n = 7¡^¡A2.0¡]n = 6¡^¡A4.0¡]n = 6¡^¡A6.0¡]n = 19¡^¡A8.0 ¡]n = 8¡^©M10.0¡]n = 8¡^mg / kg©M32 pts¦bDS-1062ªºMTD¬°8 mg / kg®É¶i¦æ¤FÂX±i³B²z¡C°±¥Î59¤À¡]62¢H¡^¡]¥Ñ©óRECIST v1.1¾É­P¯e¯f¶i®i¡A¦û25 [42¢H]¡^¡C±NPt¼ÉÅS©ó3­ÓªvÀø¶g´Áªº¤¤¦ì¼Æ¡]½d³ò1-19¡^¡C 88¨Ò¥iµû¦ô¤ÏÀ³ªº±wªÌ¤¤¡A¦³22¨Ò¦³³¡¤À¤ÏÀ³¡]2.0 mg / kg®É1 PR / 6 pt¡A4.0 mg / kg®É2 PR / 6 pt¡A6.0 mg / kg®É5 PR / 18 pt¡A13 PR / 34 pt ¡]8.0²@§J/¤d§J¡^©M1­ÓPR / 8 pt¡]10.0²@§J/¤d§J¡^¡F½T»{¦³14­ÓPR¡A¦³8­ÓPR¥¿¦bµ¥«Ý½T»{¡C 95¨Ò±wªÌ¤¤¦³91¨Ò³ø§i¤F¦]¯f­ì¦]¦Ó¾É­PªºªvÀøºò«æ¤£¨}¨Æ¥ó¡]TEAE¡^¡]96¢H¡F¸g¾ú3¯Å¥H¤Wªº±wªÌ¬°44¨Ò[46¢H]¡AÄY­«¨Æ¥ó¬°30¨Ò[32¢H]¡^¡C¾Ú³ø¾É¡A»PªvÀø¦³ÃöªºTEAES¦³95¤À¤¤ªº76¤À¡]80¢H¡F¸g¾ú3¯Å¥H¤Wªº¦³17¤À[18¢H]¡A¦³8¤À[8¢H]¡^¦³ÄY­«¨Æ¥ó¡^¡C¼ç¦bªº¶¡½è©ÊªÍ¯e¯f¡]ILD¡^µo¥Í¦b8ÂI¡]8¢H¡F 6.0 mg / kg®Éµo¥Í2¦¸¡F 8.0 mg / kg®Éµo¥Í6¦¸¡^¡F 6/8ªº¼ç¦bILD³Q§P©w¬°»PªvÀø¦³Ãö¡]1­Ó¾¯¶q¬°6.0 mg / kg [2¯Å]¡A5­Ó¾¯¶q¬°8.0 mg / kg [1¯Å1¡B2¯Å2¡B1¯Å3©M1¯Å5]¡^¡C¤´¦³14­Ó¤É¯ÅÂI©M22­ÓÂX®iÂI¦b¸Õ¥Î¤¤¡C±NÅã¥Ü§ó·sªº¸ÕÅç¸Ô²Ó«H®§/µ²ªG¡Cµ²½×¡G¦b³o¶µDS-1062ªº­º¦¸¤HÅé¬ã¨s¤¤¡AªvÀø­@¨ü©Ê°ª¹F8 mg / kg¡A¦b¸g¹L¹w¥ýªvÀø¥B¸g¹L¹w¥ýªvÀøªºpts¤¤¡AÆ[¹î¨ì¹ï§Ü¸~½F¬¡©Êªº¾¯¶q®ÄÀ³¶W¹L2.0-10.0 mg / kg¡C¼Ð·ÇªvÀø¡CÁ{§É¸ÕÅç«H®§¡GNCT03401385¡C



Dose escalation and expansion from the phase I study of DS-1062, a trophoblast cell-surface antigen 2 (TROP2) antibody drug conjugate (ADC), in patients (pts) with advanced non-small cell lung cancer (NSCLC).

Background: TROP2 is an intracellular calcium signaling transducer overexpressed in NSCLC, portending poor survival. DS-1062 is a TROP2-targeting ADC with a novel topoisomerase 1 inhibitor (exatecan derivative, DXd) and promising preclinical antitumor activity. Updated results inclusive of 24 additional dose escalation pts and 32 dose expansion pts from an ongoing phase 1 study of DS-1062 in advanced/metastatic NSCLC are reported (NCT03401385/J101). Methods: Pts aged ≥18 (US) or ≥20 (Japan) with unresectable NSCLC refractory to/relapsed from standard treatment with measurable disease (RECIST v1.1) and available tumor for retrospective TROP2 evaluation were eligible. Primary objectives include maximum tolerated dose (MTD) identification, safety, and tolerability and secondary objectives include efficacy, pharmacokinetics, and incidence of anti-drug antibodies against DS-1062. Pts were eligible regardless of TROP2 level. Results: As of November 16, 2019, 95 pts were treated with ≥1 dose of DS-1062. 63 pts were treated during escalation at 0.27 (n = 4), 0.5 (n = 5), 1.0 (n = 7), 2.0 (n = 6), 4.0 (n = 6), 6.0 (n = 19), 8.0 (n = 8), and 10.0 (n = 8) mg/kg and 32 pts were treated in expansion at the MTD of DS-1062, 8 mg/kg. 59 pts (62%) discontinued (25 [42%] due to progressive disease per RECIST v1.1). Pts were exposed to a median of 3 treatment cycles (range, 1-19). In 88 response-evaluable pts, 22 had partial response (1 PR/6 pts at 2.0 mg/kg, 2 PR/6 pts at 4.0 mg/kg, 5 PR/18 pts at 6.0 mg/kg, 13 PR/34 pts at 8.0 mg/kg, and 1 PR/8 pts at 10.0 mg/kg; 14 PRs were confirmed and 8 PRs are awaiting confirmation). Treatment emergent adverse events (TEAEs) regardless of causality were reported in 91 of 95 pts (96%; 44 pts [46%] experienced ≥grade 3, 30 pts [32%] had serious events). Treatment-related TEAES were reported in 76 of 95 pts (80%; 17 pts [18%] experienced ≥grade 3, 8 pts [8%]) had serious events). Potential interstitial lung disease (ILD) occurred in 8 pts (8%; 2 at 6.0 mg/kg and 6 at 8.0 mg/kg); 6/8 with potential ILDs adjudicated as treatment-related (1 at 6.0 mg/kg [grade 2] and 5 at 8.0 mg/kg [1 grade 1, 2 grade 2, 1 grade 3, and 1 grade 5]). 14 escalation pts and 22 expansion pts remain on trial. Updated trial details/results will be presented. Conclusions: In this first-in-human study of DS-1062, treatment was well tolerated up to 8 mg/kg, and a dose effect on antitumor activity was observed over 2.0-10.0 mg/kg in heavily pretreated pts with prior progression on standard treatment. Clinical trial information: NCT03401385.



Daiichi Sankyo to Present New Research Data Across DXd ADC Portfolio at 2020 ASCO Annual Meeting

• Research data from the pivotal phase 2 DESTINY-Gastric01 trial of ENHERTU® to be presented along with phase 2 DESTINY-Lung01 and DESTINY-CRC01 research data
• Updated phase 1 data for DS-1062 in patients with unresectable advanced non-small cell lung cancer will be reported
• Investor conference calls to be hosted by Daiichi Sankyo to discuss ASCO presentations and provide oncology development updates


May 13, 2020 05:00 PM Eastern Daylight Time


BASKING RIDGE, N.J. & MUNICH--(BUSINESS WIRE)--Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) today announced that it will present new research data across its DXd antibody drug conjugate (ADC) portfolio at the 2020 American Society of Clinical Oncology (ASCO) Virtual Scientific Program to be held May 29 to May 31 (#ASCO20).

Highlights include research data presentations from four trials in the DESTINY program of ENHERTU® (fam-trastuzumab deruxtecan-nxki), a HER2 directed ADC, in several types of HER2 expressing cancers. Results will be reported from the pivotal phase 2 DESTINY-Gastric01 trial, which demonstrated a statistically significant and clinically meaningful improvement in objective response rate (ORR) and overall survival (OS) for patients with HER2 positive metastatic gastric cancer who progressed after two previous regimens treated with ENHERTU compared to investigator¡¦s choice of chemotherapy (irinotecan or paclitaxel monotherapy). ENHERTU was recently granted Breakthrough Therapy Designation by the U.S. Food and Drug Administration (FDA) for patients in this setting.

Interim phase 2 data from the DESTINY-Lung01 trial in patients with HER2 mutant metastatic non-small cell lung cancer (NSCLC) and the DESTINY-CRC01 trial in patients with HER2 expressing advanced colorectal cancer will be presented during two oral presentations. Research data including objective response rate (ORR), duration of response (DOR), disease control rate (DCR), progression-free survival (PFS) as well as safety and tolerability from each of these trials will be reported. Findings from DESTINY-Breast01 evaluating clinical and molecular variables as possible predictors of efficacy also will be shared.

Updated phase 1 results with DS-1062, a TROP2 directed DXd ADC, will be presented in patients with advanced NSCLC who are refractory to or have relapsed following standard treatment or for whom no standard treatment is available, including research data for additional patients enrolled into both the dose escalation and dose expansion parts of the trial.

¡§We look forward to sharing updates from the DESTINY development program including pivotal data from DESTINY-Gastric01, which represent the first research data from a randomized controlled trial evaluating tumor response and overall survival for ENHERTU compared to investigator¡¦s choice of chemotherapy,¡¨ said Antoine Yver, MD, MSc, EVP and Global Head, Oncology Research and Development, Daiichi Sankyo. ¡§The body of research data to be presented at ASCO demonstrates significant development progress for two of our lead ADCs, as we remain committed to translating our DXd ADC technology into new treatment options for as many appropriate patients as possible.¡¨

The overall safety and tolerability profile of ENHERTU in DESTINY-Gastric01 was consistent with that seen in the phase 1 trial in which the most common adverse events (≥30 percent, any grade) were hematologic and gastrointestinal including neutrophil count decrease, anemia, nausea and decreased appetite. There were cases of drug-related interstitial lung disease (ILD) and pneumonitis, the majority of which were grade 1 and 2 with two grade 3 and one grade 4. No ILD-related deaths (grade 5) occurred in patients with gastric cancer in the phase 1 trial or in the DESTINY-Gastric01 trial.

Daiichi Sankyo will hold two ASCO conference calls for investors and analysts: on Sunday, May 31, 2020 from 6:30 PM-8:00 PM EDT (in Japanese/English) and on Tuesday, June 2, 2020 from 8:00 AM-9:30 AM EDT (in English). Company executives will provide an overview of the ASCO research data, updates for the oncology portfolio and address questions from investors and analysts.

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