Glenmark announces the Discovery and Initiation of IND-enabling studies of a novel Bispecific Monoclonal Antibody targeting EGFR

Glenmark Pharmaceuticals S.A. (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals Limited India (GPL), has announced the discovery and initiation of IND-enabling studies for a novel clinical development candidate, GBR 1372. GBR 1372 adds to Glenmark's expanding oncology portfolio of biologics including GBR 1302 (HER2xCD3 bispecific antibody) and GBR 1342 (CD38xCD3 bispecific antibody) based on its proprietary BEAT® technology.

The epidermal growth factor receptor EGFR is a member of the ErbB family of receptor tyrosine kinases. EGFR is a well-established target for lung cancer and colorectal cancer. Current drugs prevent signaling through EGFR by blocking ligand binding or inhibiting its protein kinase activity but they cause considerable side effects and are not active against cancers with Ras mutations. Mutations in Ras genes continuously switch on intracellular signaling networks and make the tumors independent of stimulation by growth factor receptors such as EGFR and drugs that target EGFR are not currently indicated for patients with Ras mutations.

GBR 1372 kills cancer cells through redirecting T cells via its anti CD3-binding arm to EGFR expressing cancer cells through its EGFR-binding arm. Glenmark scientists in Switzerland have demonstrated preclinically that GBR 1372 is indeed equally active against EGFR expressing cancer cell lines - independent of their RAS mutation status.

Glenmark is likely to file an IND with the U.S. FDA in the second half of the next financial year FY 2018.

Commenting on this development, Mr. Glenn Saldanha, Chairman & MD, Glenmark Pharmaceuticals said, "We remain excited about the progress of our novel biologics pipeline. With the addition of GBR 1372, the quality of our biologics pipeline continues to improve. We continue to make strides as we transition to a global innovation led pharmaceutical organization".

Dr. Fred Grossman, Chief Medical Officer, Glenmark Pharmaceuticals mentioned, "We look forward to advancing GBR 1372 into clinical development in the near future".

BEAT® (Bispecific Engagement by Antibodies based on the T cell receptor) is Glenmark's technology for production of bispecific antibodies. Engaging two targets with one bispecific antibody is a novel concept to design new therapeutics. For the past 20 years, bispecific antibodies have been a challenge to the industry since most bispecific formats developed thus far have stability and/or manufacturing issues. With the invention of the BEAT® technology Glenmark's scientists have now overcome these hurdles and are able to efficiently engineer and manufacture bispecific antibodies.

Shares of GLENMARK PHARMACEUTICALS LTD. was last trading in BSE at Rs.919.65 as compared to the previous close of Rs. 913.5. The total number of shares traded during the day was 77256 in over 2809 trades.

The stock hit an intraday high of Rs. 929 and intraday low of 906.8. The net turnover during the day was Rs. 71055653.

Source : Equity Bulls

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