Forty Seven IPO $115 million and released the latest data

Forty Seven IPO $115 million and released the latest data

June 05, 2018 Source: Sina Pharmaceutical

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In recent years, research on tumors has become an unprecedented hot spot. Thanks to the efficient transformation of results, many researchers have stepped out of the school to set up a separate technology company to get it into the clinic as soon as possible. Irv Weissman from Stanford University recently established Forty Seven and announced the successful completion of an initial public offering of $115 million.

Forty Seven, an emerging biopharmaceutical company founded in early 2015, has achieved many successes in its founding in just one year. In February 2016, they received $75 million in Series A funding and two Phase I clinical trials are underway. The company has licensed more than 100 patents from Stanford University, including Hu5F9-G4, a key humanized anti-CD47 monoclonal antibody. Irv Weissman et al. have long been engaged in the study of CD47 molecules, and two anti-CD47 molecular antibodies Hu5F9-G4 have been studied.

The company published conceptual data on major drugs at the annual meeting of the American Society of Clinical Oncology (ASCO). This included preliminary data on 22 patients taking 5F9. The early data from this group were impressive: 15 patients with drug-resistant diffuse large B-cell lymphoma (DLBCL) and 7 patients with follicular lymphoma . The results showed that in the DLBCL test group, the objective response rate was 40%, and the complete response rate was as high as one-third. In follicular lymphoma, the objective response rate was 71%, and the complete response rate reached 43%.

It is still too early to set the median rate based on the duration of the response, but the researchers said that during the close follow-up, only one patient developed tumor progression after 6 months. Forty Seven plans to combine the study as a monotherapy with PD-1/PD-L1 and CTLA-4 checkpoint inhibitors, starting with Genentech Tecentriq.

Also known as integrin-associated protein, CD47 is a member of the immunoglobulin superfamily and is widely expressed on the surface of cells. It interacts with signal-regulating protein alpha, thrombospondin and integrin to mediate apoptosis, proliferation, and immunity. Wait for a series of reactions. If macrophages are to exert phagocytosis, two signals need to be stimulated at the same time: one is to activate the "eat me" signal on the surface of the cancer cell, and the other is to inactivate the signal "don't eat me" on the surface of the cancer cell. Experiments have shown that CD47 is a kind of "don't eat me" signal, which inhibits the phagocytosis of macrophages by binding to SIRP-α on the surface of macrophages. CD47 is widely expressed on the surface of various cancer cells, so it can be used to treat various types of cancer with CD47 as a target.

The normal cells in the human body lack the "eat me" signal, and blocking CD47 alone does not induce the phagocytic effect of macrophages on normal cells, so the blocking of CD47 is effective and safe. 5F9 can cause the inactivation of CD47 signal, thereby stimulating the phagocytosis of cancer cells by the patient's own macrophages, and the antigen presenting effect of macrophages on cancer cell antigens also stimulates T cells to attack cancer cells.

"In many types of immunotherapy, target cells are killed and their cellular contents are spilled, leading to an uncontrolled immune response," Professor Samuel Cheshier said. "Anti-CD47 antibodies may produce fewer such side effects. Of course, this needs to be further confirmed."

So far, the company has raised about $149 million and spent about $84 million. (Sina Pharmaceutical Compilation / Fan Dongdong)

Article reference source: Stanford spinout Forty Seven arrives at ASCO with a snapshot of promising CD47 data — and a $115M IPO in hand

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