Lemzoparlimab

I-Mab on Wednesday announced a decision to sell off its operations and assets in China, part of its strategy to shift focus towards becoming a biotech company centred on the US market. The move makes strategic sense, but still came as a surprise, according to Cantor Fitzgerald analyst Louise Chen, who noted that investors have been reluctant to pour money in China-based biotechs mainly due to geopolitical concerns.Under the agreement, I-Mab's Chinese subsidiaries have entered into definitive agreements with I-Mab affiliate Hangzhou Co. and a group of China-based investors to transfer its assets in the country. The deal, expected to close in March, is valued at up to $80 million, contingent on Hangzhou Co. achieving certain future regulatory and sales-based milestones. I-Mab said it also retains a right of first negotiation outside of China related to three future investigational new drug candidates.Once the divestiture is completed, Hangzhou Co. will acquire China rights for the paediatric growth hormone deficiency therapy eftansomatropin alfa, as well as for the experimental cancer treatments felzartamab, uliledlimab, givastomig, and lemzoparlimab, and bear all future development costs of these assets.I-Mab, which will continue to be listed on the Nasdaq, retains ex-China rights for all of its experimental treatments already in clinical testing. These include uliledlimab, a CD73 antibody in mid-stage testing with Junshi Biosciences' Tuoyi (toripalimab) for non-small-cell lung cancer, as well as its early-stage cancer treatments givastomig and TJ-L14B. Both are bispecific antibodies; the first targets Claudin 18.2 and 4-1BB, while the second is directed against PD-L1 and 4-1BB.Last year, AbbVie broke off an agreement with I-Mab to develop certain CD47 antibody compounds, including the programme's lead drug lemzoparlimab.Meanwhile, I-Mab's release on Wednesday also announced the appointment of Joseph Skelton as its next chief financial officer, replacing Richard Yeh, who resigned from the board and his executive positions.

HONG KONG, Dec. 15, 2023 /PRNewswire/ -- Akeso published two phase Ib clinical results of its innovative CD47 monoclonal antibody ligufalimab (AK117) in combination with azacitidine in patients with newly diagnosed higher-risk myelodysplastic syndrome (HR-MDS) and treatment-naïve acute myeloid leukemia (AML) at the 65th American Society of Hematology (ASH) Annual Meeting. HR-MDS Anemia is a significant symptom of MDS, and effectively managing anemia and minimizing blood transfusion are crucial aspects of disease control. As of August 25, 2023, a total of 86 patients were evaluable for safety. Anemia (a primary adverse event associated with CD47 blocking antibodies) occurred in only 29.1% of the patients. Of 13 evaluable patients who initially required red blood cell (RBC) transfusions, 61.5% became independent of RBC transfusion. Among 27 evaluable patients, the complete remission (CR) rate was 48.1% and the overall response rate (ORR) was 85.2%. When patients received≥3 cycles of treatment, the CR rate reached 52%; when patients received≥6 cycles of treatment, the CR rate reached 68.4%. AK117 combination therapy provides patients with rapid and significant remission. The median time to response (mTTR) was 0.97 months and the median time to CR (mTTCR) was 2.92 months. AK117 is an IgG4 monoclonal antibody targeting CD47 without inducing hemagglutination effects. Therefore, AK117 does not require a lower 'priming dose' to prevent anemia. AK117 has emerged as a potential best-in-class therapy for MDS. In this study, AK117 in combination with AZA was well tolerated with low incidence of anemia and demonstrated promising efficacy in patients with newly diagnosed HR-MDS. AK117 is expected to be a superior treatment option for MDS patients worldwide. Akeso has received FDA clearance for the Investigational New Drug (IND) application for AK117 in combination with azacitidine for the treatment of patients with newly diagnosed higher-risk MDS. This randomized, double-blind, global multi-center Phase II study is underway. Notably, Akeso is consistently advancing the development of AK117 as a therapeutic agent in combination with various agents such as PD-1/CTLA-4 and PD-1/VEGF bispecific antibodies, for the treatment of multiple hematologic malignancies and solid tumors. AML As of August 25, 2023, among 20 evaluable patients, the composite complete remission(CCR) rate was 55%, with 50.0% of patients achieving CR. The combination of AK117 and AZA exhibited a manageable safety profile with a low incidence of anemia, and demonstrated promising efficacy as a first-line treatment in AML patients who were unable to undergo intensive chemotherapy. Akeso is planning to conduct a randomized, open-label, phase II study to evaluate the safety and efficacy of AK117 in combination with venetoclax and AZA in patients with AML unfit for first-line intensive chemotherapy. About Ligufalimab (AK117) AK117, independently developed by Akeso, is a next-generation humanized lgG4 anti-CD47 antibody without hemagglutination effect. AK117 can bind to CD47 expressed on tumor cells and block the interaction between CD47 and SIRPα, in order to enhance the phagocytic activity of phagocytes on tumor cells, thereby inhibiting the growth of tumors. Currently, several phase II clinical trials are underway to investigate the potential of AK117 in combination with azacitidine for hematological tumors, as well as AK117 alone or in combination with PD-1/CTLA-4 and PD-1/VEGF bispecific antibodies for various solid tumors. Preliminary studies have shown promising efficacy and safety profiles of AK117, with no observed dose-limiting toxicity events. Additionally, an international multicenter clinical study evaluating AK117 for the treatment of MDS has been initiated. About Akeso, Inc. Akeso (HKEX: 09926) is a commercial-stage biopharmaceutical company committed to discovering, developing, manufacturing, and commercializing innovative medicines that address significant medical needs globally. Since our inception, we have established a distinctive and integrated R&D innovation system with the comprehensive end-to-end drug development platform (ACE Platform) and bi-specific antibody drug development technology (Tetrabody) as the fundamental components, a GMP-compliant manufacturing system and a commercialization system with an advanced operation mode. Akeso is actively developing a diverse pipeline of over 30 innovative assets in areas such as cancer, autoimmune disease, inflammation, metabolic disease, and other therapeutic fields. Among these, 19 assets have entered the clinical stage, with 3 innovative drugs already approved, 13 Phase III studies ongoing. Utilizing its proprietary Tetrabody technology, Akeso has successfully developed the first-in-class PD-1/CTLA-4 bispecific antibody drug for the market. Additionally, the company has five other innovative bispecific antibody drugs in the clinical stage, including ivonescimab (PD-1/VEGF), PD-1/LAG-3, TIGIT/TGF-Beta, PD-1/CD73, and claudin18.2/CD47 bispecific antibodies. In June 2022, cadonilimab was approved by the NMPA and became the first commercialized bispecific IO drug globally. Another Akeso internally discovered and developed oncology product, penpulimab (a PD-1 antibody), was granted marketing approval in China in August 2021. In December 2022, Akeso entered into a collaboration and license agreement for up to US$5 billion with Summit Therapeutics to accelerate global development and commercialization of ivonescimab. In August, the NDA submission of ivonescimab was accepted by China's NMPA with priority review. Akeso is listed on the Main Board of the Stock Exchange of Hong Kong Limited. For more information, please visit and follow us on X (formerly Twitter) @AkesoInc SOURCE Akeso, Inc.