Stockwinners Market Radar for June 04, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BP... | Hot Stocks20:03 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Churchill Downs (CHDN) announced it will suspend racing operations at Churchill Downs Racetrack beginning June 7, through the remainder of the Spring Meet, scheduled to run to July 3. Live racing at Churchill Downs will be conducted as scheduled this weekend on Saturday, June 3 and Sunday, June 4. The remainder of the race meet will be relocated to Ellis Park Racing & Gaming in Henderson, Kentucky, beginning on Saturday, June 10. "Churchill Downs Racetrack has seen an unusual number of horse injuries over the previous month resulting in 12 equine fatalities. Following a thorough internal review and concurrent investigations conducted by the Kentucky Horse Racing Commission and Horseracing Integrity and Safety Authority, no single factor has been identified as a potential cause and no discernable pattern has been detected to link the fatalities," the company said in a statement. 2. Saudi Arabia will make an additional voluntary cut of 1M barrels of oil a day as part of a deal struck by OPEC+ after hours of tense haggling, Bloomberg's Grant Smith, Nayla Razzouk, Fiona MacDonald and Ben Bartenstein report. Saudi Energy Minister Prince Abdulaziz bin Salman unveiled the reduction in a statement, once again managing to pull off a surprise. The Saudi move is the most meaningful part of the deal, which also includes an agreement to extend voluntary cuts through 2024, the authors note. The main winner from the weekend's talks is the United Arab Emirates, which gets a boost to its quota for next year. That comes at the expense of African members who were asked to give up part of their unused quota. 3. IBM (IBM) is one of the most alluring bets on artificial intelligence that is hiding in plain sight, Eric J. Savitz writes in this week's edition of Barron's. It also has one of the highest dividend yields in the tech sector. There are reasons the market is skeptical about Big Blue's position in AI, but the omission is shortsighted, the author says. 4. Sony's (SONY) "Spider-Man: Across the Spider-Verse" opened to $120.5M in North America, making it the third-biggest debut ever for an animated movie, not adjusted for inflation, and the second-biggest opening of 2023 to date. Overseas, the sequel opened to $88.1M for a worldwide cume of $208.6M. 5. Eaton (ETN), JPMorgan (JPM), and Citizens financial (CFG) saw positive mentions in this week's edition of Barron's.
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NTRA | Hot Stocks19:49 EDT Natera announces data from ProActive study - Natera announced new data on its Prospera test being presented at the American Transplant Congress 2023 taking place June 3-7, 2023. The presentations include several interim analyses from ProActive, a prospective donor-derived cell-free DNA study evaluating Natera's Prospera test for the detection of rejection in kidney transplant patients, as well as additional presentations that showcase the utility of Prospera in kidney and heart transplantation. The company's presence at ATC includes three oral presentations, several posters, and a symposium led by medical experts in kidney transplantation. Prospera Kidney dd-cfDNA predicted ABMR up to four months, and TCMR up to two months, in advance of biopsy-proven rejection, underscoring the value of Prospera. 86.9% of stable kidney transplant recipients had dd-cfDNA persistently below 1%, further supporting Prospera as a reliable indicator of allograft stability. Patients with biopsy-proven rejection showed a 60X median elevation in dd-cfDNA% vs baseline, compared to just 1.3X median elevation in the non-rejection group, indicating that Prospera may allow for real-time prediction of rejection risk through continuous monitoring of dd-cfDNA level changes.
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DAWN | Hot Stocks16:18 EDT Day One announces new FIREFLY-1 data, initiation of rolling NDA submission - Day One Biopharmaceuticals announced new data from the registrational Phase 2 FIREFLY-1 trial evaluating the investigational agent tovorafenib, or DAY101. These data were shared in an oral presentation at the 2023 American Society of Clinical Oncology Annual Meeting. In addition, the company announced that it has initiated a rolling New Drug Application, or NDA, to the U.S. Food and Drug Administration for tovorafenib as a monotherapy in relapsed or progressive pediatric low-grade glioma. In May 2023, the company initiated a rolling submission of the NDA to the FDA. The rolling submission allows Day One to submit portions of the regulatory application and have them reviewed by the FDA on an ongoing basis. The company anticipates the rolling NDA submission of tovorafenib will be complete in October 2023 following submission of an amended clinical study report that will include safety and efficacy data from a planned June 2023 data cutoff. FIREFLY-1, an open-label, pivotal Phase 2 trial, treated 77 patients and evaluated tovorafenib as a once-weekly monotherapy in patients aged 6 months to 25 years with relapsed or progressive pLGG. The primary endpoint of the FIREFLY-1 trial is overall response rate by Response Assessment for Neuro-Oncology High-Grade Glioma criteria as assessed by blinded independent central review. Secondary endpoints include ORR by Response Assessment in Pediatric Neuro-Oncology Low-Grade Glioma, progression-free survival, duration of response, time to response, clinical benefit rate and safety. The study also includes an exploratory analysis of ORR by Response Assessment Neuro-Oncology Low-Grade Glioma. The median duration of tovorafenib treatment was 10.8 months, with 74% of patients on treatment at the time of data cutoff. Safety data, based on the 136 patients treated in both Arm 1 and Arm 2 of FIREFLY-1, indicated monotherapy tovorafenib to be generally well-tolerated. The vast majority of adverse events were Grade 1 or Grade 2. Nearly all of the lab abnormalities had no clinical manifestations and did not require clinical intervention or change in study treatment.
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PBYI | Hot Stocks09:08 EDT Puma presents biomarker findings from Phase II study in HR+, TN breast cancer - Puma Biotechnology announced the presentation of biomarker findings from a Phase II study of alisertib plus paclitaxel versus paclitaxel alone in metastatic hormone receptor positive, or HR+, and triple negative, or TN, breast cancer at the 2023 American Society of Clinical Oncology Annual Meeting held June 2-6 in Chicago and online. The Phase II trial was conducted through The U.S. Oncology Network. The results of this trial were published by Joyce O'Shaughnessy et al. and showed that the addition of alisertib to paclitaxel improved progression-free survival among enrolled patients compared with paclitaxel alone. Archival tissue samples from patients enrolled in the clinical study were analyzed at TGen. Of the 140 patients enrolled in the trial, 45 from the alisertib plus paclitaxel arm and 51 from the paclitaxel arm had sufficient tissue available for next generation sequencing, and 31 from the alisertib plus paclitaxel arm and 35 from the paclitaxel arm had enough for RNA sequencing/gene set enrichment analysis. The most frequently mutated genes were PIK3CA and TP53. No mutations were significantly associated with response or resistance to alisertib plus paclitaxel, including those in PIK3CA, TP53, AKT1, HER2, and CDH1. Increased MYC RNA expression was observed in tumors from patients who did not derive clinical benefit from paclitaxel alone compared to those with benefit from paclitaxel alone. Increased MYC RNA expression was not observed in patients who did not appear to benefit from alisertib plus paclitaxel. Elevated expression of genes involved in MYC activation and in unfolded protein response were enriched in alisertib plus paclitaxel responders compared to paclitaxel responders and were associated with poor response to paclitaxel alone. In 12 patients with exceptional response to alisertib plus paclitaxel, increased expression of genes involved in MYC activation and in epithelial to mesenchymal transition was observed in comparison to cancers from patients whose disease progressed within 6 months of initiating alisertib + paclitaxel or those with exceptional response to paclitaxel alone.
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AMGN | Hot Stocks08:48 EDT Amgen presents new LUMAKRAS CodeBreaK 200 CNS data at ASCO - Amgen announced the presentation of new data from the CodeBreaK clinical trial program, "the most comprehensive global development program" in patients with KRAS G12C-mutated cancers, at the American Society of Clinical Oncology Annual Meeting taking place June 2-6 in Chicago. The research presented reinforces the efficacy of LUMAKRAS/LUMYKRAS in advanced non-small cell lung cancer and metastatic colorectal cancer. Additionally, data from SCARLET, an Amgen funded investigator study sponsored by the West Japan Oncology Group, will be presented on June 6 and is the first study to highlight the safety and efficacy of sotorasib in combination with platinum-based chemotherapy for frontline treatment of patients with advanced NSCLC harboring a KRAS G12C mutation. In the first and only randomized study for any KRASG12C inhibitor, data from a post-hoc analysis of the global Phase 3 CodeBreaK 200 trial included patients with advanced NSCLC and treated/stable central nervous system lesions at baseline, as assessed by a blinded independent central review. In this analysis using a modified exploratory response assessment in neuro-oncology brain metastases, LUMAKRAS demonstrated delayed time to CNS progression and longer CNS progression-free survival compared with docetaxel. Additionally, the CNS objective response rate, an assessment of CNS tumor shrinkage following treatment, was more than double in patients treated with LUMAKRAS compared to docetaxel. The safety profile in this analysis was similar to the CodeBreaK 200 overall population.
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BMY | Hot Stocks08:45 EDT Bristol-Myers presents follow-up results from Phase 3 CheckMate -9LA trial - Bristol-Myers Squibb announced four-year follow-up results from the Phase 3 CheckMate -9LA trial demonstrating durable, long-term survival benefits with Opdivo, or nivolumab, plus Yervoy, or ipilimumab, with two cycles of chemotherapy compared to four cycles of chemotherapy alone in previously untreated patients with metastatic non-small cell lung cancer, or NSCLC. With a minimum follow-up of 47.9 months, the dual immunotherapy-based combination continued to enhance overall survival, the trial's primary endpoint, with 21% of patients treated with Opdivo plus Yervoy with two cycles of chemotherapy alive compared to 16% of patients treated with chemotherapy alone at four years. With extended follow-up, the clinically meaningful efficacy benefit of Opdivo plus Yervoy with two cycles of chemotherapy was maintained across secondary endpoints and key subgroups of patients, with benefits more pronounced amongst high unmet need patients with tumor PD-L1 expression less than1% and squamous histology. Opdivo plus Yervoy-based combinations have shown significant improvements in OS in six Phase 3 clinical trials in five tumors to date: metastatic NSCLC, metastatic melanoma, advanced renal cell carcinoma, malignant pleural mesothelioma and esophageal squamous cell carcinoma.
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IMGN | Hot Stocks08:41 EDT ImmunoGen presents results Phase 3 confirmatory MIRASOL trial - ImmunoGen announced detailed results from the Phase 3 confirmatory MIRASOL trial evaluating the safety and efficacy of ELAHERE compared to chemotherapy in patients with folate receptor alpha-positive platinum-resistant ovarian cancer. The results were presented in a late-breaking oral abstract session at the 2023 American Society of Clinical Oncology Annual Meeting in Chicago, Illinois. These data have also been selected for the 2023 Best of ASCO program, which will be held this summer following the ASCO Annual Meeting. MIRASOL is a randomized Phase 3 trial of ELAHERE versus investigator's choice of single-agent chemotherapy. Eligibility criteria include patients with PROC whose tumors express high levels of FRalpha, using the Ventana FOLR1 Assay, and who have been treated with up to three prior regimens. The primary endpoint of this trial is progression-free survival by investigator assessment. Key secondary endpoints include objective response rate and overall survival. MIRASOL enrolled 453 patients. Patients were stratified by number of prior lines of therapy and by IC chemotherapy, with paclitaxel as the most commonly chosen, followed by PLD and topotecan. 62% of patients received prior bevacizumab; 55% received a prior PARP inhibitor. As of the data cutoff on March 6, 2023, the median follow-up time for OS was 13.1 months; 14% of patients on the ELAHERE arm remained on study drug compared to 3% on the IC chemotherapy arm. ELAHERE demonstrated a statistically significant and clinically meaningful improvement in PFS by investigator assessment compared to IC chemotherapy, with a hazard ratio of 0.65, which represents a 35% reduction in the risk of tumor progression or death in the ELAHERE arm compared to the IC chemotherapy arm. The median PFS in the ELAHERE arm was 5.62 months compared to 3.98 months in the IC chemotherapy arm. ELAHERE demonstrated a statistically significant and clinically meaningful improvement in OS compared to IC chemotherapy. With 204 OS events reported as of March 6, 2023, the median OS was 16.46 months in the ELAHERE arm, compared to 12.75 months in the IC chemotherapy arm, with a HR of 0.67. This represents a 33% reduction in the risk of death in the ELAHERE arm in comparison to the IC chemotherapy arm. ORR by investigator assessment in the ELAHERE arm was 42.3%, including 12 complete responses, compared to 15.9%, with no CRs, in the IC chemotherapy arm. In addition to data on the primary and key secondary endpoints, further safety and efficacy analyses from MIRASOL will be presented. No new safety signals were identified in MIRASOL. Compared with IC chemotherapy, ELAHERE was associated with lower rates of grade 3 or greater treatment-emergent adverse events and serious adverse events. Dose delays due to TEAEs occurred in 54% of patients on both arms; dose reductions due to TEAEs occurred in 34% of ELAHERE treated patients vs 24% of IC chemotherapy patients; discontinuations due to TEAEs occurred in 9% of ELAHERE treated patients vs 16% of IC chemotherapy patients. The safety profile of ELAHERE consists of predominantly low-grade ocular and gastrointestinal TEAEs.
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SMMT | Hot Stocks08:28 EDT Summit presents data for investigational bispecific antibody ivonescimab - Summit Therapeutics announced data for its novel, potential first-in-class investigational bispecific antibody, ivonescimab, that was presented at the 2023 American Society of Clinical Oncology Annual Meeting in Chicago, IL. AK112-201 is an open-label Phase II study evaluating ivonescimab plus chemotherapy for 174 patents across three cohorts of patients. The poster features data from 135 patients in Cohort 1 of this study: patients who are treatment-naive with advanced or metastatic non-small cell lung cancer, or NSCLC, whose tumors do not have actionable genomic alterations. Notably, this Phase II data set summarizes results to date from 63 patients with squamous histology. These patients experienced a median progression-free survival of 11.0 months and an overall response rate of 67%. After a median follow-up time of 13.3 months, median overall survival was not reached; although, estimated 9-month OS was 93.2%. The frequency of Grade greater than or equal to3 treatment-related adverse events was 41%. The most frequent treatment-emergent adverse events were anemia, decreased neutrophil counts, and alopecia. Summit has begun clinical development activities on the Phase III HARMONi-3 study, which intends to evaluate ivonescimab combined with chemotherapy in first-line metastatic squamous NSCLC patients. Summit intends to treat patients in the HARMONi-3 trial during the second half of 2023. Ivonescimab had an acceptable safety profile in combination with platinum-doublet chemotherapy for patients with advanced or metastatic NSCLC who had progressed following an EGFR-TKI, as well as in combination with chemotherapy for patients who had progressed following treatment with a PD-(L)1 inhibitor plus platinum-doublet chemotherapy in this clinical study. In May 2023, the first patient was treated in Summit's license territories in the Phase III HARMONi clinical trial. HARMONi intends to evaluate ivonescimab combined with chemotherapy in patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with a third-generation EGFR tyrosine kinase inhibitor. Ivonescimab, known as SMT112 in the United States, Canada, Europe, and Japan, and as AK112 in China and Australia, is a novel, potential first-in-class investigational bispecific antibody combining the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. There is higher expression of both PD-1 and VEGF in tumor tissue and the tumor microenvironment as compared to normal, healthy tissue in the body. Ivonescimab's tetravalent structure enables higher avidity with over 10 fold increased binding affinity to PD-1 in the presence of VEGF in vitro in tumor cells. This tetravalent structure, the intentional design of the molecule, and bringing these two targets into a single bispecific antibody have the potential to steer ivonescimab to the tumor tissue versus healthy tissue, which is intended to improve side effects and safety concerns associated with these targets and has the potential to focus the antitumor activity of both targets. Over 750 patients have been treated with ivonescimab across multiple clinical studies in different indications in China and Australia.
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AZN | Hot Stocks08:24 EDT AstraZeneca says TAGRISSO achieved 'unprecedent' survival in EGFRm - AstraZeneca says "positive results" from the ADAURA Phase III trial showed the company's TAGRISSO demonstrated a statistically significant and clinically meaningful improvement in overall survival, compared to placebo in the adjuvant treatment of patients with early-stage epidermal growth factor receptor-mutated, or EGFRm, non-small cell lung cancer, or NSCLC, after complete tumor resection with curative intent. Thee results were presented in an oral presentation during the Plenary Session at the 2023 American Society of Clinical Oncology Annual Meeting. TAGRISSO reduced the risk of death by 51% compared to placebo in both the primary analysis population, and in the overall trial population. In the primary analysis population, an estimated 85% of patients treated with TAGRISSO were alive at five years compared to 73% on placebo. In the overall trial population, an estimated 88% of patients treated with TAGRISSO were alive at five years compared to 78% on placebo. Median OS was not yet reached in either population or treatment group. Patients on placebo that recurred with metastatic disease had the opportunity to receive TAGRISSO as a subsequent treatment.
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GTHX | Hot Stocks07:28 EDT G1 Therapeutics presents data from Phase 2 study of trilaciclib in TNBC - G1 Therapeutics presented results from 24 patients enrolled in its Phase 2, single arm mechanism of action study of trilaciclib administered as a single agent to patients with early-stage triple-negative breast cancer, or TNBC, prior to receiving trilaciclib and neoadjuvant therapy. The company said that these results highlight the potential for trilaciclib to enhance long term immune surveillance by increasing T cell function and generation of certain memory T cells and demonstrate gene expression profiles that may be associated with improved clinical outcome. The data also support earlier findings from this Phase 2 trial demonstrating an increase in the ratio of CD8+ T cells to regulatory T cells; a high ratio of CD8+ T cell to Tregs is predictive of overall survival and is associated with pathologic complete response. As expected, high rates of pCR were observed in patients with PD-L1(+) tumors and in patients with inflamed tumor immune microenvironments. Data generated across multiple preclinical and clinical studies to date show that trilaciclib has the greatest effect on longer term endpoints including OS rather than earlier efficacy measures such as objective response rate, pCR, and progression free survival, consistent with other immunotherapies like checkpoint inhibitors. These results suggest that this is likely due to trilaciclib's immune-mediated mechanism of action that protects the immune system from damage caused by cytotoxic therapy and enhances long-term immune surveillance by increasing the generation of certain memory T cells. This dual benefit may provide important longer-term benefits for patients by improving their ability to generate robust immune responses, particularly when treated with future subsequent therapies. Trilaciclib continues to show a strong tolerability profile. Trilaciclib in combination with anthracycline/ cyclophosphamide/paclitaxel (AC/T) +/- pembrolizumab +/- carboplatin in the neoadjuvant setting for early-stage TNBC has a similar safety and tolerability profile as standard neoadjuvant regimens. There were no adverse events leading to discontinuation of trilaciclib.
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