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Thanks so much - some homework over the weekend. Have a good one !
Sorry missed a bit - FDA do allow tweaks along the way depending on what those tweaks are if they are unforeseen tweaks that are beyond the parameters that have been defined in the IND then a discussion / supplement to IND may be required prior to proceeding.
Well in the case of RR AML where patients have limited options due to the aggressive nature of the disease and it’s resistance to standard treatments I would imagine even modest response rates are significant. I can’t put an exact value on it but for instance 20-30% of patients responding whether that be complete response or partial response would probably be considered promising enough to proceed to further trials: anything better than that is very promising. Because the are so many intra patient variabilities it is difficult to say whether or not you would be able to determine signs of efficacy in a single patient - but if you did see any sign of response in the first patient infused it would be significant. In RR AML where effective treatment options are desperately needed even small improvements in response rates can be clinically significant. Maybe to get an understanding of what constitutes success look at the clinical data from Ivosienib, Enasidenib, Gemtuzumab or Gilteritinib in terms of response rate - think Venetoclax is used off label too for RR AML.
Question for Haywain - again - sorry!
In my simple mind the car t is developed and in its final form. So when we inject our first patient we should have an insight into how the product works as a whole right? Do the fda allow tweaks along the way if needed? What does a successful phase 1 look like in percentage terms in your experience?
Thanks as always!
Haywain, no sign of recruiting patients yet ???
https://clinicalresearch.pennmedicine.org/us/en/
Haywain ... That is what makes the current share price even more crazy and stupidly low. I am sure if we hear that trials are started and there is even a glimpse of positive news, this will fly. From a finance perspective, I think that is what is holding many people back and also this is not a get rich overnight scheme.
Nevertheless, my understanding is that if they are burning through around $400k per month and they raised $4m in Feb, they probably have until Nov to get the initial results and finalise a deal with a big pharma to fund the future. Since CBR and CDX will need big funding, the hope is now on CART being successful.
Don't think it has much to do with prevail the number of patients tested they are just monitoring the trial and analysing the data - comes down to recruitment (how many patients are currently being treated for AML at the centre for clinical, how many go on to have RR AML and of those which meet the criteria of having FLT3 overexpression and of those how many sign the consent form to have a new CAR-T treatment. When you put it in this context you can see that it can take a while to get a study going considering AML will affect less than 1 in 10000 . About 75K living with AML in the states currently and about 20K new diagnosis per annum. Having said that the patients who do go on to have RRAML have very little treatment options left to them save perhaps bone marrow transplant which requires a donor with a matching human leukocyte antigen (which takes time - unless already available from databased donors) and a horrendous conditioning regimen which most older patients wouldn't survive anyway. So I think there is a very good chance that the trial will successfully recruit.
MrI I think he quickly tagged :hoped" to "more than one" and you would expect this with Prevail Infoworks' expertise. Have novdoubt we are I Phase 1 the preparation pre injection is vitally important so work very much front loaded. The injection and monitoring is a sit and wait situation and if the preparation and science is good we should get some success. On the money situation Prevail are vested in the business and are probably holding back on further support but I cannot see them
holding back if absolutely needed. It would be like standing by and doing nothing to save the sinking ship you are relying on to get to shore and the land of plenty or CBR. We are going to be okay. GLA
The interview was great except he stated he "hoped" that they would be able to inject 1 patient in 2024. That seems to imply that the start of the trials is some time away. I truly hope I am wrong since what news is going to make this share move?
I like towards the end of the interview where he states we are already in Phase 1 trials with everything going on. I read that as the prep and getting ready to start to start injecting patients which we all hope will provide a cure for these folk.
Maybe trying to stimulate share price? I’ve never seen such a static stock in 34 stock market years. Suppose the only thing that will change this is news but still, there’s not much range in this one.
(i) to set current context and focus to the report, which is otherwise bias to 2023 and the 31/12/23 position and required disclosures; and
(ii) it's a continuation of the much improved and welcome engagement with shareholders (as a whole) that we started to see in 2023, and this is re-emphasised on page 31 of the Annual Report (but to save people reading teh report to find it):
"The Company is committed to a continuous dialogue with shareholders as it believes that this is essential to ensure a greater understanding of and confidence amongst its shareholders in the medium- and longer- term strategy of the Group and in the Board’s ability to oversee its implementation. It is the responsibility of the Board as a whole to ensure that a satisfactory dialogue takes place."
That said, (as many others have stated they have found previously) I also didn't get 'Proof of Concept' for the statement promulgated on p32 of the Annual Report:
"The Board’s primary shareholder contact is through Peter Redmond, the Non-Executive Director responsible for shareholder relations." - as I too didn't get any response or acknowledgement to my emailed request. But I see that he was in attendance at 12/12 board meetings in 2023 - though I'm not sure that's going to get my vote for re-election at this year's AGM - more needed.
With your critical thinking caps on... Why the interview now?
Well said Hikikomori.
I guess most of us will topslice some along the way.
Quite frankly, it would be downright silly not to de-risk a portion at some point.
But based on the fantastic information that was released yesterday, I intend on selling as few as I can defend.
As you say, if CBR delivers just a fraction.
Wow
But before then we got CAR-T, news will eventually come, question is will the investors who are willing to pay above today's share price follow?
If they don't, then the share price will stay suppressed, it's a simple question of supply and demand.
Even if the science is first class.
And from what was in the RNS yesterday, I can only conclude that the science is indeed first class.
And that the board is capable of getting funding in a difficult market.
There is a lot to like in my view.
Well I’ll still be here, perhaps with a few less shares, but I’ll definitely still hold a good few.
If CBR can deliver a fraction of what it promises it might, 1000% will seem like chicken feed.
I absolutely intend to make sure I’m still in the game to find out.
Have a good weekend all.
Well we will see how many of us are still with you when you get that uplift, but once again good luck.
I’m after the sharp rise, 1000%
Hulver - good post ,
Prevail ain’t no naive muppets , they are a professional organisation who backed Hemos science & tossed a wedge in a lot higher than current stock price ,
I’m sure Vlad & Prevail are investigating all potential avenues for the benefit of Hemo & stockholders including Prevail .
Noted by Prevail in Sept RNS
Mary Schaheen, President of Prevail Partners, stated: "Everyone at our fund is confident in the growth and success of Hemogenyx Pharmaceuticals as they develop CAR-T cells to target acute myeloid leukemia. Furthermore, Hemogenyx Pharmaceuticals has a seasoned management team with the expertise to accelerate the company to a significant value inflection point through the completion of its planned clinical trial."
Let’s see what next few months bring
The agreement was from Sept last year so unlikely that they knew the date they would commence given the FDA approval was still pending
An extract from Note 23 of the Financial Statements under Service Agreements:
"In September 2023, Hemogenyx Pharmaceuticals entered into a Master Services and Contract Agreement for a third party to provide clinical services and technologies for the forthcoming Phase I clinical trials for an initial term of 38 months, paying an aggregate of 2,530,057. This includes an upfront payment of 986,713 and monthly instalments over 38 months of 41,712 commencing in April 2024. No sums other than an upfront fee were paid during the year ended 31 December 2023."
- the monthly instalments payments 'commencing April 24' suggests to me that the commencement of the first trial is not that far away now, as Prevail are starting or about to start to undertake the regular work/services to be provided under the contract.
Hope it pays off for you,
Depends what your after I suppose but the slightest sniff of positive news and a sharp rise may provide you with an opportunity to get out with a profit..... or any other option you feel appropriate.
Good luck
Bit the bullet and bought in here this morning. Fingers crossed the gamble pays off
The company featured in this link like to invest in disruptive biotech CBR seems a perfect fit. Worth a call perhaps VS.
https://www.labiotech.eu/podcast/biotech-investment-landscape-2024/