(SHANGHAI, October 26, 2022) — WuXi AppTec (stock code: 603259.SH / 2359.HK), a global company that provides a broad portfolio of R&D and manufacturing services that enable companies in the pharmaceutical, biotech and medical device industries to advance discoveries and deliver groundbreaking treatments to patients, is pleased to announce its financial results for the third quarter and nine months ended September 30, 2022 (“Reporting Period”).
New facility expands integrated drug product R&D and manufacturing services to global customers
SHANGHAI, September 9, 2022 – WuXi STA, a subsidiary of WuXi AppTec, today announced the opening of a new sterile lipid nanoparticle (LNP) formulation development and manufacturing facility at its Wuxi city campus. Created in response to the increasing demand for complex injection dosage forms, this new facility marks the company’s fast-growing parenteral formulation capabilities and is yet another opportunity to enable customers as they develop and deliver better medicines for patients.
A WuXi AppTec Global Webinar Series on Collaborations That Transform Mental Health R&D: A Global Priority
A WuXi AppTec Global Webinar Series on Collaborations That Transform Fragile X Syndrome: Innovative Approaches to Finding a Cure
A WuXi AppTec Global Webinar Series on Collaborations That Transform Moving the Needle on ALS and Neuromuscular Disorders
As part of WuXi AppTec’s ongoing efforts to collaboratively foster new thinking and actionable approaches in advancing breakthroughs for patients, we have launched a new interview series in 2022 – “Delivering on the Promise of New Modalities” – so leading voices of R&D can share how their approaches are addressing the barriers standing in the way of breakthroughs. For our next interview as part of our featured series highlighting innovation in our ecosystem, we sat down with Maria Luisa Pineda, CEO and Co-founder, Envisagenics. As a spinout of the world-renowned Cold Spring Harbor Laboratory (CSHL) and an artificial intelligence-driven biotechnology company, Envisagenics focuses on diseases that are driven by splicing deregulation. With this scientific premise, Envisagenics primarily focuses on three therapeutic areas – oncology, neurodegenerative, and metabolic disorders. The company secured Series A financing in 2021 to continue to develop and improve its machine learning based drug discovery SpliceCore® platform and to discover and develop novel RNA splicing therapeutics. In November 2022, Envisagenics announced a multi-year research collaboration agreement with Bristol Myers Squibb for accelerated discovery and development of oncology therapeutic candidates. Greetings Maria, nice to have you today. Could you please introduce Envisagenics’ platform to our readers? What is the top industry-wide challenge your company tries to solve? Maria: As an AI-driven biotech company, we maximize the power and potential of sequencing data for the discovery of targets for therapeutic development. Traditional drug discovery paths are long, expensive, and often fail to reach patients. Envisagenics is capitalizing on the value of RNA sequencing data to identify novel RNA splicing derived targets in-silico and understand the mechanism of action for each target prior to validating the biology in downstream experiments. Another industry-wide challenge is the need for novel therapeutic targets since most biopharma companies are working on the same, stagnant targets. As technologies have advanced, companies like Envisagenics can look beyond the targets at the genetic level by taking an exon-centric approach. With this validated approach, Envisagenics has created one of the largest search spaces of approximately 7 million splicing events, consisting of novel, alternative splicing-derived proteins. Compared with existing approaches, how unique and differentiated is your approach? Maria: Envisagenics’ SpliceCore software platform uses machine learning and AI to re-envision the human genome with a validated exon-centric approach that leads to the discovery of novel targets that gene-centric discovery approaches cannot find. Envisagenics’ technology combines high-performance computing and proprietary ML algorithms to process high volumes of RNA-seq data for the identification of novel targets, at an accelerated rate, in the therapeutic areas of interest—thereby truncating a promising new drug’s time to market. Envisagenics’ technology also addresses the high failure rates of therapeutics in clinical trials by leveraging its scientific expertise in RNA splicing and combining it with SpliceCore’s ability to identify and develop highly specific therapeutics that modulate RNA splicing events involved in the pathogenesis of oncology, neurodegenerative, and metabolic disorders. With innovative technology and rare expertise, Envisagenics is poised to help patients faster than ever before. In your opinion, what are the key challenges in realizing the full potential of your new technologies? Solutions? Do you anticipate any key milestones in the near future? Maria: The primary challenge has been overcoming outdated, preconceived biases against RNA therapeutics and AI, along with a general resistance to change. Historically, the field of RNA therapeutics has had its setbacks, partly due to delivery methods and concerns with efficacy during development. However, the industry’s reluctance to embrace RNA therapeutics fell by the wayside with the advent of successful mRNA vaccines during the COVID-19 pandemic. RNA technologies have now demonstrated enormous promise, and we are energized and excited to be part of that revolution. As the company continues to mature, Envisagenics’ goal is to see one of its RNA therapeutic assets help patients in need faster than ever. There are other AI-based biotechnology companies that are approaching IND and taking drugs into the clinic. Therefore, our goal represents a key, achievable milestone that Envisagenics aspires to reach in the coming years. AI/ML is core to Envisagenics’ platform. How do you see these novel data technologies becoming the norm in R&D in the next couple of years? Maria: Recently, one of the biggest shifts within Biopharma is that AI/ML has gained a greater following among both scientists and business-minded executives. Envisagenics is proud to be a part of this innovation. We announced our collaboration with Bristol Myers Squibb on November 29, 2022. The multi-year partnership aims to leverage our proprietary AI technology, SpliceCore, to identify alternative splicing derived targets for therapeutic development in the oncology pipeline at BMS. While we hope to continue to see similarly structured partnerships between Big Pharma and Biotech AI, at the same time, novel data technologies continue to be introduced to the market that improve R&D insight, efficiency, and speed in the pursuit of better treatments. At some point, companies that fail to embrace AI/ML will be left behind, and the industry has taken notice. Therefore, in the next few years, AI/ML will become a standard component of Biopharma R&D pipelines. Many Biopharma companies already partner with agile, specialized AI/ML companies in order to gain access to next-gen technologies while also standing up small, internal Data Science teams. Big Pharma has also begun to reserve capital and infrastructure for the pursuit of internal in-silico capabilities to maximize the value of internal, proprietary databases. While we are still in the early days of Biopharma AI/ML, we have already seen new technology embraced both internally and externally throughout the Biopharma industry. We expect these adoption trends to continue in pursuit of innovation, and we predict that R&D pipelines will transform permanently, to the benefit of patients around the world. Thank you, Maria, for your insights. You mentioned collaboration between big pharma and biotechs. What does global collaboration mean to your company? Maria: Diseases affect patients worldwide, and effective treatment development requires a global outlook. For Envisagenics, “global collaboration” means working with likeminded companies to take an expansive, inclusive approach to problem solving. Internally, it means that we must seek and develop diverse datasets that train ML models and do so in concert with diverse scientific expertise while recruiting the best talent from around the world to work for us. It also means that we must support and strive for equal access to treatments among patients. Externally, it requires us to seek input, ideas, and data sources from around the world and push ourselves to adopt new approaches without bias, regardless of where those ideas originate. As a result, Envisagenics maintains a focus on making the biggest impact it can for patients. Fortunately for Envisagenics, our principal technology—the cloud-agnostic SpliceCore software platform—can be deployed to collaborate with anyone, anywhere, in a secure and compliant manner. This has allowed us to work with some of the pre-eminent global Biopharma companies, such as Bristol Myers Squibb, Johnson & Johnson, and Biogen. Thanks again Maria! Maria Luisa Pineda, Ph.D. CEO and Co-founder, Envisagenics; Secretary, The Alliance for Artificial Intelligence in Healthcare Dr. Maria Luisa Pineda started as a high school Intel International Science Fair winner. For her undergraduate studies, Dr. Pineda was awarded an endowment of $2 million dollars from the Goizueta Foundation and an NIH fellowship with the Minority Access to Research Careers (MARC U*STAR) program. Dr. Pineda received her Doctorate from the prestigious Cold Spring Harbor Laboratory School of Biological Sciences as an Arnold and Mabel Beckman graduate student and a William Randolph Hearst foundation scholar. After graduating, she acquired investment experience in technology and life-sciences startup companies at Canrock Ventures and Golden Seeds, LLC. Under her leadership, Envisagenics has received non-dilutive SBIR grants from the National Institutes of Health, raised capital from investors, won several prestigious artificial intelligence competitions, and formed multiple research collaboration partnerships with Biopharma.
As part of WuXi AppTec’s ongoing efforts to collaboratively foster new thinking and actionable approaches in advancing breakthroughs for patients, we have launched a new interview series in 2022 – “Delivering on the Promise of New Modalities” – so leading voices of R&D can share how their approaches are addressing the barriers standing in the way of breakthroughs. In our latest interview, we’re joined by SJ Lee, CEO of Orum Therapeutics. Orum is a biotech company pioneering the development of targeted protein degraders to treat cancer. In June 2021, the company closed $84 million Series B financing to advance the company’s lead therapeutic candidates into clinical trials. Orum’s proprietary platform merges the power of protein degraders with the precise cell delivery mechanisms of antibodies. Unlike traditional ADCs, the targeted protein degrader (TPD) payloads of Orum’s TPD2 approach can specifically degrade intracellular target proteins within cancer cells via the E3 ubiquitin ligase pathway. ORM-5029, one of its lead candidates, was dosed in its first patient last October. By selectively delivering catalytic GSPT1 protein degraders to the cancer cells, the candidate has the potential to treat HER2-expressing tumors via a novel MoA. Congratulations on your progress in clinical programs and thank you for joining us. Orum is developing innovative drugs to treat cancer. In your opinion, what are the challenges in current therapeutic intervention, or current modalities? SJ: An industry-wide challenge is targeting “undruggable” targets. Targeted protein degraders are a powerful modality that have the potential to address undruggable targets. However, like all small molecules, there are safety concerns as they are unable to distinguish between targets in healthy and diseased cells. Moreover, heterobifunctional degraders also hold a lot of promise in terms of broadening the range of proteins to target but can be stifled by issues such as low cell permeability, bioavailability, PK, and the hook effect. Antibody drug conjugates (ADCs) have been successful in oncology by making cytotoxic agents safe and effective, but the biggest challenge in the field is highly toxic payloads wiping out normal cells that expresses express the target cell antigen of interest such as CD33. This restricts the use of ADCs to certain tumor types and disease indications. How is Orum’s platform helping to address these challenges? How is it different from existing approaches? SJ: We have developed an approach that we call TPD² – or dual-precision targeted protein degradation – to generate antibody-enabled targeted protein degraders. We’re merging the aspects of these modalities. Orum’s TPD² drug candidates offer novel payloads with a new cell-killing mechanism of action to target proteins that are considered undruggable. Furthermore, by conjugating protein degraders to an antibody, TPD² drug candidates are designed to specifically target diseased cells to increase efficacy and safety to overcome the challenges inherent to small molecule degraders. In addition, the degrader payload itself has lineage dependant activity. For example, GSPT1 degraders can kill leukemia cells while sparing normal hematopoietic stem cells. Orum’s lead candidate already has been dosed in its first patient this year. To fully realize the potential of your new platform, what are the critical challenges remain to be solved? SJ: The challenge of realizing the full potential of our TPD² approach is there are almost an unlimited number of combinations possible via cell surface antigen and TPD target protein pairings. We are engaging partners that either have expertise in a disease area, or degrader or antibody assets that can be conjugated to its counterpart. While we are currently focused on oncology, Orum’s TPD2 approach is agnostic to therapeutic areas. We have a unique opportunity to partner with others who have deep expertise in non-oncology indications, such as immunology, to explore TPD2 projects, where we can design degraders to be delivered to specific immune cells. Orum is still a relatively young biotech. What does global collaboration mean to your company? SJ: Orum is a global company with wet labs in the US and South Korea. We benefit from that by accessing diverse and skilled talent pools. We also work with high-quality partners, such as WuXi AppTec, in East China that are two hours flight away from Seoul. This shaves days off the lead optimization cycle, speeding up drug discovery efforts significantly. Thanks for your insights! If we were to gather here again in 10 or 15 years’ time, what do you think we’re going to be talking about in terms of what we have already achieved in the industry? SJ: We will see more creative fusions of established modalities. ADCs are chemotherapy agents on antibodies, CAR-Ts are antibody fragments on T cells. More innovation will come from the novel fusion of such validated components. A good example is Enhertu, which is a novel fusion of validated approaches – topoisomerase 1 inhibition on an approved antibody. We think TPDs on antibodies will become mainstream 15 years from now, and we believe Orum is a leader in this field. SJ Lee, Ph.D. CEO, Orum Therapeutics SJ Lee is the CEO of Orum Therapeutics, a clinical stage biotech pioneering the development of tumor-directed targeted protein degraders. Before founding Orum to address the undruggable target problem, he was at Sanofi as the head of research for Asia Pacific R&D. He oversaw teams and projects around a virtual biotech model to co-invent drugs with biotech and academia teams for Asia related diseases such as hepatocellular carcinoma. SJ has led international teams to improve the therapeutic landscape for various diseases, including oncology and infectious diseases. He earned a Ph.D. in Biophysics from the University of California, Berkeley, and worked as a postdoctoral scholar at Stanford University.
As part of WuXi AppTec’s ongoing efforts to collaboratively foster new thinking and actionable approaches in advancing breakthroughs for patients, we have launched a new interview series in 2022 – “Delivering on the Promise of New Modalities” – so leading voices of R&D can share how their approaches are addressing the barriers standing in the way of breakthroughs. We continue our interview series with Christopher Thanos, President, CEO & Co-Founder of Actym Therapeutics, Inc., a biotechnology company focused on the discovery and development of novel therapies intended to transform the treatment of cancer. They have developed a systemically dosed therapeutic platform that can overcome the solid tumor immune microenvironment, which is hostile to T-cells. The platform, called STACT™ (S.Typhimurium-Attenuated Cancer Therapy) is based on a gene-edited, immunologically cloaked microbe capable of enriching in solid tumors. Once there, payload combinations are delivered directly to tumor-resident, antigen-presenting cells to generate antitumor immunity. Actym raised a $34 million Series A financing to advance development of immunotherapies from this platform. They recently announced a manufacturing pact with Wacker Biotech to produce Actym’s lead clinical candidate, ACTM-838, for the treatment of solid tumors. Thanks for joining us, Chris, and congratulations on being named one of the “Top 25 BioTech CEOs of the year!” For cancer therapy drug discovery and development, what are the challenges in current therapeutic intervention, or current new modality solutions? Christopher: Thank you for the kind words and the invitation to discuss new modalities. Unfortunately, treatment of solid tumors remains a big challenge, with the FDA-approved checkpoint therapies providing benefit in only a fraction of patients. To generate durable responses in this setting, new modalities must overcome several challenges. First, they must be systemically administered, but with tumor-specific effects, which is particularly critical in a metastatic setting. Tumor-specific target engagement will be required to limit systemic immunotoxicities. Second, new modalities must safely pack more of a therapeutic punch. Multi-pathway target engagement is a likely prerequisite to reverse the known immunosuppressive cascades within the tumor microenvironment (TME), which prevent antitumor immunity. Finally, new modalities must be technically and economically feasible to develop, manufacture, and distribute, without being increasingly burdensome to patients and caregivers. We specifically designed STACT with attributes to overcome these challenges. Could you please share more details of your new modality, STACT? Christopher: STACT is an IV-dosed, programmable, avirulent, microbial-based modality, which naturally enriches in tumors, selectivity delivering payload combinations in a single therapeutic composition. To facilitate systemic dosing, we used gene-editing to eliminate a number of inflammatory components on the surface of STACT, resulting in dramatically improved tolerability through the reduction of inflammatory cytokine responses. We have dosed up to 3 billion CFUs intravenously in NHPs with no impact on tolerability. STACT has a designed auxotrophy for multiple tumor-specific metabolites of the adenosine pathway, which are elevated in many types of tumors. This engineering enables STACT to naturally expand in the extracellular milieu of the TME, an environment well-known to be hospitable for the growth of all kinds of bacteria. Many types of tumors possess an elevated adenosine pathway signature, suggesting this approach may have broad utility. Once enriched in the tumor, STACT is naturally and selectively internalized by tumor-resident myeloid cells, such as macrophages and dendritic cells, through a process called phagocytosis. After internalization, STACT is rapidly destroyed and cytoplasmic, facilitating payload delivery. We are exploiting this unique mechanism to engage intractable “big-lever” immunomodulatory pathways of interest to pharma by deploying payloads in STACT that are known to be too inflammatory and too toxic if dosed systemically via conventional modalities (such as biologics and small molecules). We plan on entering the clinic next year with our lead STACT candidate, ACTM-838, which encodes an IL-15 cytokine and an engineered STING variant. Both the IL-15 and STING pathways are clinically validated, which significantly reduces risk in our approach. In preclinical, difficult-to-treat, checkpoint refractory tumor models, the STACT IL-15 + STING combination generates durable anti-tumor immunity, repolarizes tumor-resident myeloid cells, and is synergistic with anti-PD1 therapy. How is your technology different from other new modalities attempting to achieve the coveted “systemic delivery, tumor-specific effect” mechanism of action? Christopher: STACT is distinct from other experimental modalities such as protease-activated prodrug approaches, engineered T-cells, and cationic lipid nanoparticles containing encoded mRNAs. As a microbe, STACT can naturally enrich in tumors and be internalized by macrophages and dendritic cells, facilitating tumor-specific delivery of payload combos. For tumor-specificity, STACT does not rely on a protease-activated prodrug approach, where the cleaved, active therapeutic product can enter circulation and induce toxicities, and multiplexing options are limited. While T-cell based therapies can encode multiplexed payloads, they poorly infiltrate into tumors, are inactivated by the hostile TME, have on-target toxicities in healthy tissue, and are a significant challenge to manufacture. Furthermore, T-cell therapies require lymphodepletion, which is poorly tolerated, or high dose IL-2, which is even more poorly tolerated, and have an extended vein-to-vein time. Unfortunately, cancer patients often succumb to their disease before their engineered T-cells are ready. Approaches utilizing payload-encoding mRNAs encapsulated within cationic lipid nanoparticles can be multiplexed, but lack systemic delivery and have an unproductive inflammatory profile, limiting their utility as cancer treatments. STACT was designed to be technically and economically feasible to develop, manufacture, and distribute. STACT will be delivered in an IV bag and is reversible with standard antibiotics. Many thousands of doses can be produced via fermentation in a single 24-hour manufacturing run, with a stable shelf life. The platform is now codified such that multiple product candidates can be generated in a similar manner. What are the critical challenges in realizing the full potential of your new modality? Any key milestones anticipated in near-term? Christopher: We’ve received clear feedback from the FDA on our approach. The near-term milestones for the company are production of GMP material, completion of GLP tox studies, regulatory submissions, and expansion of our pipeline. The value-creating inflection point for Actym is demonstration of proof-of-concept in a Phase I clinical trial. A key challenge for this type of modality is making sure that we identify patients with tumor types that are most amenable to STACT’s mechanism of action. To that end, we’ve performed a detailed analysis that revealed a number of high unmet-need cancers predicted to have elevated of levels of adenosine pathway metabolites, which are necessary for STACT tumor-specific enrichment. Many new modalities have been approved by the FDA recently. Do you think the 2030 class of new FDA approvals may look similar or different from those of today? Christopher: I am bullish on the next ten years in the immuno-oncology field. We’re going to see novel modalities emerge with improvements in both durable responses and safety. Additional immuno-modulatory targets will become validated, traditionally intractable targets will become druggable, exciting new treatment combinations will emerge, and cancer vaccines will make a big push forward as well. Thanks for your insights! One last question, how important is global collaboration to your company? Christopher: It’s difficult to survive in the biotechnology industry without global collaboration. First, in terms of access to capital, we’re strongly supported by an international set of top tier investors. Despite being a small and new biotechnology company, Actym is engaged in R&D activities across multiple continents, including several countries in the EU, as well as China and Australia. You have to go to where the subject matter experts are, regardless of the country or continent. I can’t imagine where we’d be without our global network of investors, advisors, and collaborators! Christopher Thanos, Ph.D. President, CEO & Co-Founder, Actym Therapeutics, Inc. Chris assembled the founding team at Actym, raised initial capital, and co-invented Actym’s therapeutic technology platform. Chris has 30 years of R&D experience, and is an inventor on over 30 issued patents. Previously, Chris was Head of Biotherapeutics Discovery at Halozyme (NASDAQ: HALO) leading Molecular Biology, Immunology, Protein Engineering and Cell Biology Groups at the company. Prior to that, Chris was Head of Protein Engineering at Sutro Biopharma (NASDAQ: STRO), and Cofounder of Catalyst Biosciences. He was a National Cancer Institute Postdoctoral Fellow under Professor Jim Wells at UCSF and Sunesis. Chris earned a Ph.D. in Molecular Biology and Biochemistry from UCLA, where he was an NIH Chemistry/Biology Interface Predoctoral Fellow. Chris was named one of the top 25 CEOs in Biotech for 2022 by Healthcare Technology Report.