CytoDyn Inc. (CYDY) to Acquire Biotech Developing Therapies

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
381
CytoDyn Inc. (CYDY) to Acquire Biotech Developing Therapies to Stop Cancer from Spreading

- CytoDyn signs definitive agreement to acquire privately held ProstaGene
- Gets access to CCR5 technologies related to cancer
- Lead candidate PRO 140 set for Investigational New Drug (IND) application in first cancer indication, expanding CytoDyn’s focus beyond HIV

With its planned acquisition of ProstaGene, LLC, CytoDyn Inc. (OTCQB: CYDY) is expanding its focus beyond HIV and graft-versus-host disease to open up a new front in the fight against cancer. ProstaGene is developing metastasis control technology that targets the chemokine receptor type 5 (CCR5), a protein on the surface of white blood cells. Metastasis is the spread of cancer beyond the original tumor, a phenomenon that contributes to the disease’s deadliness. Studies have suggested that the use of CCR5 antagonists as adjuvants may bolster anti-tumor immune responses.

CytoDyn recently announced signing a definitive agreement to acquire privately held ProstaGene, expected to be finalized in November. CytoDyn also confirmed that Richard G. Pestell, M.D., Ph.D., M.B.A., F.A.C.P., F.R.A.C.P., founder and CEO of ProstaGene, will join CytoDyn as its future chief medical officer (http://nnw.fm/7e5XX). The deal transfers or assigns certain intellectual property rights held by ProstaGene and Pestell to CytoDyn. Of particular interest to CytoDyn is the metastasis control technology and the work done in this area by ProstaGene aimed at developing a therapy that prevents metastasis in prostate, breast and other cancers. ProstaGene is also developing a companion test to identify those patients who will respond to the therapy, estimated at around 50 percent of prostate and breast cancer cases, resulting in the potential for an extensive market. Both the metastasis technology and IP are based on blocking the CCR5 receptor from antigens.

CCR5 is also thought to act as a portal for many forms of the human immunodeficiency virus (HIV) that causes acquired immunodeficiency syndrome, or AIDS, which is why it has been of interest as a drug target to CytoDyn. The normal function of CCR5 is to bind chemokines, molecules that regulate inflammation. However, the receptor can also provide a gateway to HIV; the GP120 protein of HIV first attaches to the CD4 receptor on the cell membrane and then is able to bind to the co-receptor CCR5. Fusing of the membranes of the virus and the immune cell then occurs and genetic material from HIV enters the cell, infecting the cell.

CytoDyn’s lead product candidate, PRO 140 (leronlimab), targets CCR5. PRO 140 is a viral-entry inhibitor, a new class of HIV/AIDS therapies that works by blocking the entry of the virus to healthy cells. PRO 140 works by attaching to the same portion of the CCR5 co-receptor to which HIV normally binds. The PRO 140 antibody physically blocks HIV from attaching to the CCR5 co-receptor and arrests the completion of the second step in the entry process. The HIV is, consequently, rendered ineffective.

CytoDyn has completed a Phase 3 study of PRO 140 in combination with current highly active anti-retroviral therapy (HAART) regimens, and it plans to file a Biological License Application for that usage. The company is also conducting a Phase 3 study of PRO 140 as a potential single-agent treatment for HIV.

The company recently received approval to increase the dosage in its Phase 3 monotherapy trials of PRO 140. Due for completion by year-end (http://nnw.fm/qN1Js), “patients who finish the study will move into a FDA-cleared rollover study.”

The approach taken by PRO 140 has a distinct advantage over other therapies. Other HIV drugs that target CCR5 interact with the pocket of the receptor and thereby inhibit binding of not only the HIV, but chemokines, which may have a number of adverse consequences because of the disruption of the chemokine inflammatory response. However, PRO140 blocks entry of the HIV and yet permits normal chemokine binding, leading to potentially fewer side effects.

CytoDyn is now preparing to move PRO 140 into clinical trials in cancer. In August, CytoDyn announced that PRO140 had been shown effective at inhibiting the growth of a human colon carcinoma cell line (SW480) in a prominent mouse model. The results were statistically significant and provide the basis for filing an Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for a clinical trial in colon carcinoma patients (http://nnw.fm/Ax8yO).

For more information, visit the company’s website at www.CytoDyn.com

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

CytoDyn Inc (CYDY) Stock Research Links

CYDY Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

Revolutionary Microsensor Device Launches Human Trials for Cardiac Care

Updated Category News Views 227

Microtech Unveils Exciting Clinical Trial for Heart Failure Solutions Microtech, a subsidiary of Medinol Inc., is thrilled to announce the initiation of human clinical trials for their innovative microsensor technology aimed at treating heart failure. This significant step forward in medical technology took place recently at Beilinson Medical Center under the expert...

Continue Reading
Alerus Financial's Growth: Major Acquisition and Dividend Increase

Updated Category News Views 83

Alerus Financial's Strategic Expansion Through Acquisition Alerus Financial Corporation (NASDAQ: ALRS) has made a significant move in the financial sector with the recent acquisition of HMN Financial, Inc. (NASDAQ: HMNF). This acquisition, valued at approximately $128.8 million, is a historic milestone for Alerus, marking its largest bank purchase to date and expanding...

Continue Reading
Tech Sector Gains Momentum as Gold and Crypto Prices Surge

Updated Category News Views 90

Market Overview: Tech Stocks on the Rise Wall Street experienced a moment of stabilization, with major indices reporting minimal changes while tech stocks showed positive movement. This uptick in the tech sector is largely attributed to the anticipation of upcoming earnings reports from significant players in the industry. Indices Performance Highlights The Nasdaq 100...

Continue Reading
GlobalFoundries Summit 2024: Driving AI with Essential Chips

Updated Category News Views 106

Overview of the GlobalFoundries Technology Summit 2024 GlobalFoundries (Nasdaq: GFS) is gearing up for its eagerly awaited Technology Summit, which will highlight the crucial role of its essential chips in advancing artificial intelligence (AI) across various sectors. This year’s theme, "AI Everywhere," promises to feature keynotes and discussions centered on the...

Continue Reading
Potential Class Action for DoubleVerify Holdings Shareholders

Updated Category News Views 143

DoubleVerify Holdings, Inc. Shareholder Update Attention shareholders of DoubleVerify Holdings, Inc. (DV): if you've experienced financial loss, it's time to explore your rights. Shareholders who purchased shares during the defined class period are invited to connect with legal representation regarding potential recovery options. Engagement in Class Action Buying shares...

Continue Reading