ImmunoBrain Checkpoint Awarded $5 Million US NIA Grant for Phase 1b Alzheimer’s Disease Proof-of-Mechanism Study of Anti-PD-L1 IBC-Ab002

ImmunoBrain Checkpoint Awarded $5 Million US NIA Grant for Phase 1b Alzheimer’s Disease Proof-of-Mechanism Study of Anti-PD-L1 IBC-Ab002

NEW YORK, Friday August 27, 2021 – ImmunoBrain Checkpoint Inc. (“IBC”) an innovative biopharmaceutical company developing potential disease-modifying immune therapies that harness the power of the immune system to help protect and repair the brain to combat neurodegenerative diseases, announced today that the National Institute on Aging (NIA) of the US National Institutes of Health (NIH) has awarded the Company a grant totaling $5 million over three years to support a first-in-human clinical study of IBC-Ab002, for the treatment of Alzheimer’s disease.

IBC-Ab002 is a proprietary anti-PD-L1 antibody developed and engineered with differentiating characteristics tailored to treat Alzheimer’s disease, based on a unique mechanism of action that has the potential to arrest, slow-down or even stop Alzheimer’s disease progression. Its development is based on studies carried out at the Weizmann Institute of Science, Israel, demonstrating that the immune system is needed for the maintenance of healthy brain function and repair, but may be impaired in patients with Alzheimer’s disease. IBC-Ab002 aims to empower the immune system to help defeat the disease and, thereby, to change the disease course and slow-down its progression.

In pre-clinical studies, treatment with an anti-PD-L1 antibody has been shown to reduce both amyloid-beta and tau, two key toxic proteins, alteration in the inflammatory milieu of the brain, preservation of synapses and neurons, and improvement in cognition as measured by learning/memory tests.

The phase 1b safety and proof-of-mechanism study of IBC-Ab002 in patients with mild Alzheimer’s disease is expected to start in the first half of 2022 in the UK, the Netherlands and in Israel. In addition to the NIA funding, the study will be funded in part by a grant received from the Alzheimer’s Association under the 2020 Part the Cloud + Bill Gates Partnership Grant Program.

Dr. Eti Yoles, IBC’s Chief Operating Officer, said: “We are grateful to the NIA for this vote of confidence in our novel approach. IBC is committed to finding a therapy that will bring relief to the millions of patients struggling with Alzheimer’s disease and their families.”

Dr. Jesse Cedarbaum, IBC’s Chief Medical Officer, said: “Aging is the major risk factor for the development of Alzheimer’s disease. With aging comes the seemingly paradoxical phenomena of ‘inflammaging’ and ‘immune exhaustion and senescence’. IBC-Ab002 is an antibody that has been designed with the goal of rebalancing the immune system to provide neuroprotection against Alzheimer’s disease and perhaps other neurodegenerative disorders. After a rigorous review process by scientists, clinicians, and key opinion leaders, we thank the NIA for its recognition that augmenting the body’s natural defenses could be an important avenue for treating Alzheimer’s disease.”

Professor Michal Schwartz, IBC’s Chief Scientific Officer, said: “Seeing the robustness of the effect in so many animal models, and on both symptoms and disease pathology, reinforces my optimism that we have the potential to activate a general mechanism needed for brain repair that will overcome many of the unique complexities of Alzheimer’s disease. I am very grateful to the NIA for its belief in and support of our novel therapy.”

Dr. Philip Scheltens, Director of the Alzheimer Center at the VU University Medical Center in Amsterdam and Principal Investigator for the planned clinical study, said: “I am pleased that the NIA recognizes the innovative approach of IBC, supporting its progress to the clinic. I am confident that these funds will help the IBC team to progress its therapeutic target through the clinical study here at Amsterdam UMC.”

There are no approved therapies for Alzheimer’s disease that have been shown to have a major impact on the clinical course of the disease. If successful, IBC’s therapy will be a first-of-its kind approach with the potential to change the course of Alzheimer’s disease and arrest its progression. The success of IBC’s approach would lead to better understanding of how the immune system helps protect the brain, would contribute to the understanding of the biology of Alzheimer’s disease, and could ignite a new era in developing therapies to combat this family of devastating diseases.

About ImmunoBrain Checkpoint

ImmunoBrain Checkpoint (IBC) is a biopharmaceutical company focused on developing novel disease-modifying immune therapies to combat neurodegenerative diseases, and in particular, Alzheimer’s disease. IBC’s IP platform emerged from the laboratory of Professor Michal Schwartz and licensed from Yeda, the commercialization arm of the Weizmann Institute of Science in Israel. IBC’s technology is based on more than 20 years of studies by Schwartz’s team, who pioneered the idea that the brain engages in a life-long dialogue with the immune system for its maintenance and repair, and that this communication is compromised in aging and Alzheimer’s disease. Schwartz’s team’s results in preclinical studies indicate that loosening the restraints from the immune system using antibodies that target inhibitory immune checkpoints (commonly expressed by exhausted immune cells), can rewire brain/immune communication, and thereby protect the brain from functional loss.

Previously, IBC received a $500,000 grant from the ALS Association to pursue a novel immunotherapeutic approach to treat ALS and identify optimal immune-checkpoint pathways to target, a $1,000,000 grant from the Alzheimer’s Association under the 2020 Part the Cloud + Bill Gates Partnership Grant Program, and additional support from the Israel Innovation Authority. www.immunobrain.com

About IBC-Ab002

IBC’s therapeutic approach seeks to harness the body’s own immune mechanism of repair to optimize the communication between the body and the brain. IBC-Ab002 is a proprietary antibody developed by IBC’s team led by Drs. Eti Yoles and Carol David, specifically optimized for IBC’s therapeutic mechanism of action. It is designed to transiently inhibit the activity of certain immune system molecules that act as “checkpoints” to restrain the activity of the immune system, and thereby enable a neuroprotective immunological cascade to combat the effects of neurodegenerative proteinopathy. In preclinical studies, anti-PD-L1 treatment was found to be effective in five different animal models of Alzheimer’s disease, including both amyloid and tau transgenic mice. In these studies, anti-PD-L1 antibody treatment reduced both cognitive deficits and toxic pathological proteins that accumulate in the brain.

IBC-Ab002 has also been engineered to have an improved safety profile relative to other antibodies with respect to inducing immune-mediated adverse effects. IBC plans to start its phase 1b clinical trial in the first half of 2022 in patients with early Alzheimer’s disease.

Disclaimer: Research reported in this press release will be supported by the National Institute On Aging of the National Institutes of Health under Award Number R01AG071810. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health

For more information, please contact info@immunobrain.com

Junshi Biosciences Announces Acceptance by NMPA of Investigational New Drug Application for the Subcutaneous Injection of Anti-BLyS Monoclonal Antibody

SHANGHAI, China, Aug. 27, 2021 (GLOBE NEWSWIRE) — Junshi Biosciences (HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced today that the National Medical Products Administration (NMPA) of China has accepted an investigational new drug application for UBP1213sc, its subcutaneous injection of recombinant humanized anti-BLyS monoclonal antibody.

About UBP1213sc
UBP1213sc is a subcutaneous injection of a recombinant humanized anti-B lymphocyte stimulator (“BLyS”) monoclonal antibody, which is used to treat Systemic Lupus Erythematosus (“SLE”).

In November 2016, the intravenous dosage form (IV) of UBP1213 was approved by the NMPA for clinical trial. Junshi Biosciences was the first domestic company to obtain the approval for investigational new drug (IND) application for an anti-BLyS target monoclonal antibody drug. The subcutaneous injection has certain advantages over IV administration, including the flexibility to allow patients to administrate the drug themselves after training, which improves patient compliance.

About Systemic Lupus Erythematosus (“SLE”).
SLE is a highly heterogeneous systemic autoimmune disease with limited treatment options. According to the data in the Journal of Rheumatology and the Journal of Arthritis Research & Treatment, the current prevalence of SLE is 0-241/100,000 globally and 30-70/100,000 in mainland China. SLE is characterized by overactive B cells and massive autoantibody production. An anti-BLyS monoclonal antibody can inhibit the proliferation and survival of B cells by combining itself with soluble BLyS, so as to achieve long-term alleviation of SLE and reduce the risk of recurrence.

About Junshi Biosciences
Founded in December 2012, Junshi Biosciences is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics. The company has established a diversified R & D pipeline comprising 28 innovative drug candidates and 2 biosimilars, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Junshi Biosciences was the first Chinese pharmaceutical company that obtained marketing approval for anti-PD-1 monoclonal antibody in China. Its first-in-human anti-BTLA antibody for solid tumors was the first in the world to be approved for clinical trials by the FDA and NMPA and its anti-PCSK9 monoclonal antibody was the first in China to be approved for clinical trials by the NMPA. In early 2020, Junshi Biosciences joined forces with the Institute of Microbiology Chinese Academy of Science and Eli Lilly to co-develop JS016 (etesevimab), China’s first neutralizing fully human monoclonal antibody against SARS-CoV-2. JS016 administered with bamlanivimab has received Emergency Use Authorization (EUA) from the US FDA in February 2021 for the treatment of recently diagnosed, mild to moderate COVID-19 in patients who are at a high risk of progressing to severe COVID-19 and/or hospitalization. The JS016 program is a part of our continuous innovation for disease control and prevention of the global pandemic. Junshi Biosciences has over 2,000 employees in the United States (San Francisco and Maryland) and China (Shanghai, Suzhou, Beijing and Guangzhou). For more information, please visit: http://junshipharma.com.

Contact Information

IR Team:
Junshi Biosciences
info@junshipharma.com
+86 021-2250 0300

Solebury Trout
Bob Ai
bai@soleburytrout.com
+1 646-389-6658

PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+86 021-6105 8800

Tai Er makes splash with maiden sauerkraut fish outlet in Singapore

KUALA LUMPUR, Riding the recent wave of popular Chinese food and beverage brands entering Singapore, Tai Er Chinese Sauerkraut Fish has opened its first store at the Jewel Changi Airport recently.

On the day of the official opening, the restaurant was full, with guests queuing outside as they waited to dine.

The restaurant’s decor is centered around the simple black-and-white logo and motif popular in the company’s China restaurants.

Guests are able to see the kitchen through a transparent window, to check the hygiene conditions or simply marvel at the kitchen’s sights and smells – the swirling of hot oil around the pan, the crackle and pop of stir-fried chilis, and the scattering of chrysanthemum petals.

All the original elements of Tai Er, as well as the unique operation philosophy, can be found in the restaurant, according to a statement.

As a professional of traditional Sichuan cuisine, Tai Er’s Singapore store features a number of classical Sichuan dishes besides the signature Chinese sauerkraut fish.

A black envelope could be found on each of the seats in the restaurant. Inside each envelope was a letter written by a Chinese fan to their new ‘friends’ in Singapore, explaining how to get the most from their Tai Er experience.

In China, Tai Er’s features such as ‘tagline exchanges’ and ‘Bro Er’ are hugely popular among younger patrons.

With 300 restaurants across China and 12 million fans, business is booming at Tai Er, with some Chinese fans saying they would wait as long as three hours during holidays for a bite of that tasty sauerkraut fish.

In Tai Er’s dishes, the seasonings used – sauerkraut, chilis, Sichuan peppers – are imported direct from Sichuan Province.

Source: BERNAMA News Agency

Axiata Q2 net profit jumps to RM277.76 mln on higher top line, lower finance cost

KUALA LUMPUR, Axiata Group Bhd’s net profit jumped to RM 277.76 million for the second quarter (Q2) ended June 30, 2021 compared to RM80.02 million a year ago mainly due to higher top line, lower finance costs on the back of lower borrowings and lower taxes incurred during the quarter.

Revenue also improved to RM6.39 billion from RM5.80 billion recorded previously.

In a statement, its president and group CEO Datuk Izzaddin Idris said most operating companies delivered at a strong pace during the quarter including Celcom’s continuing turnaround driven by its ongoing transformation programme.

“Exemplifying resilience in an intensely challenging market to add subscribers in the past year, we look forward to stabilisation moving forward,” he said.

Axiata said Celcom’s turnaround efforts yielded excellent recovery momentum in the market despite an intensely competitive environment.

“With Axiata Digital paving the path for future growth, the series of deals delivered by our digital businesses include the RM250 million investment by SoftBank Corp into ADA, the strategic partnership with RHB Banking Group to strengthen our digital bank proposition and Boost Holdings’ expanded Indonesia reach through the PT Creative Link acquisition, as well as ADA’s acquisition of Awake Asia, a regional eCommerce enabler. It is encouraging and timely to see we have entered a highly exciting growth phase for our digital businesses.”

For the first half of the year, net profit stood higher at RM353.31 million compared to RM268.12 million previously, while revenue was RM12.45 billion versus RM11.82 billion previously.

“Revenue ex-device increased by 4.6 per cent year-to-date (YTD) thanks to the strong prepaid performance as the company recorded net adds of 1.02 million subscribers and 12.5 per cent prepaid revenue growth, as well as higher mobile virtual network operator revenue,” said the company.

Axiata Digital’s YTD net loss narrowed by 65.1 per cent thanks to lower marketing spend at digital financial services (DFS), coupled with higher profit at Axiata Digital Advertising Sdn Bhd, while revenue and EBITDA grew by 125.3 per cent and 68.5 per cent respectively.

“Revenue growth during the quarter was spurred by improvements recorded in the DFS and digital analytics and AI businesses.

“During the quarter, Axiata Digital’s fintech arm Boost Holdings Sdn Bhd acquired a 68.75 per cent stake in an Indonesian licensed entity, PT Creative Mobile Adventure which has enlarged Boost Holdings’ regional footprint to reach underserved micro-SMEs in Indonesia,” it added.

On Axiata’s infrastructure business, it said the edotco Group Sdn Bhd’s YTD revenue grew by 3.2 per cent as a result of higher contribution mainly from its major markets Malaysia and Bangladesh, and similar encouraging contributions from its smaller markets including Pakistan.

Meanwhile, Axiata chairman Tan Sri Ghazzali Sheikh Abdul Khalid announced an interim dividend of four sen per share to its shareholders.

At lunch break today, Axiata’s share price stood at RM4.04 per share.

Source: BERNAMA News Agency

No let-up in execution of economic stimulus efforts — Mohamed Azmin

KUALA LUMPUR, There must be no let-up in the execution of economic stimulus efforts that have been introduced and are essential to maintain Gross Domestic Product (GDP) growth, create new jobs as well as attract further foreign direct investments, said Datuk Seri Mohamed Azmin Ali.

He praised the unrelenting efforts, dedication, hard work and resilience of frontliners, noting that Malaysia’s COVID-19 vaccination rate continues to be one of the fastest in the world, which has led to the decline of hospitalisation numbers.

“We must continue this momentum and ensure that the nation’s economy advance towards a trajectory of positive growth and sustainable recovery,” he said in a statement today.

Mohamed Azmin was reappointed as the Senior Minister and International Trade and Industry Minister under the newly set-up Cabinet by Prime Minister Datuk Seri Ismail Sabri Yaakob today.

He said as the nation progresses towards recovery, the government must ensure that the rakyat possess the necessary resources to achieve economic dignity and participate actively and gainfully again in the nation’s vibrant growth.

“In this regard, our socio-economic policies must be bold in design and delivery to generate wealth for the rakyat, so that the prosperity is equitably shared,” he said.

Furthermore, he said, the country’s youth are its future as they drive dynamism, innovation and creativity which are essential elements to move the nation towards the forefront on the global map.

“Let us go the distance together as one, build on the strength and foundation of our commonality, fortify our resolve and work towards the progress and success of Keluarga Malaysia,” he said.

On his reappointment, Mohamed Azmin expressed his gratitude towards the prime minister and reiterated his commitment to continue the duties and responsibilities incumbent on the appointment as well as to remain fully committed towards ensuring sustainable recovery and vibrant economic growth.

Source: BERNAMA News Agency

Petronas swings back to profit in Q2, revenue jumps 68 pct

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) registered a net profit of RM9.6 billion in the second quarter ended June 30, 2021 on better earnings and lower impairment compared to a net loss of RM21 billion in the same quarter last year.

Petronas executive vice-president and group chief financial officer Liza Mustapha said the stronger earnings recorded in the quarter were in tandem with higher earnings before interest, taxes, depreciation, and amortisation (EBITDA) and lower impairment loss recorded in the period.

“Our continued efforts to preserve and strengthen liquidity have resulted in the delivery of a robust cashflow from operations of RM32.7 billion in the first half of the year. This provides healthy liquidity for the group’s capital investment,” she said during her presentation of the group’s financial results for the first half of the year held virtually today.

In the second quarter, EBITDA stood at RM23.2 billion, an increase of RM14.1 billion from RM9.1 billion recorded in the second quarter of 2020, in line with higher revenue but partially offset by higher product costs and operating expenditure.

Revenue for the quarter advanced 68 per cent to RM57.1 billion, from RM34 billion in the corresponding quarter last year, mainly driven by the favourable impact on prices of major products and a higher sales volume for LNG and petroleum products.

For the first half of 2021, Petronas’ net profit rallied more than 100 per cent to RM18.9 billion compared to the net loss of RM16.5 billion in the corresponding period last year, in tandem with higher EBITDA and lower impairment loss following an upward trend in prices.

EBITDA stood at RM46.1 billion, a jump of 57 per cent from RM29.4 billion, mainly attributable to higher revenue, coupled with lower operating expenditure.

Revenue for the period expanded 17 per cent to RM109.6 billion, from RM93.6 billion in the first half of 2020, mainly attributed to favourable average realised prices for major products and higher sales volume impact, mainly on liquefied natural gas (LNG) and gas sales.

Cashflows from operating activities as of June 30, 2021 increased by 24 per cent to RM32.7 billion from RM26.3 billion previously, mainly due to higher cash operating profits.

Petronas’ total assets strengthened to RM609.1 billion in the first half of the year compared to RM574.1 billion as of Dec 31, 2020, mainly contributed by higher cash and fund investments as well as receivables.

Shareholders’ equity increased to RM331.1 billion compared to RM330.6 billion as at Dec 31, 2020, mainly attributable to profit recorded during the period.

As for Petronas’ upstream business, the division’s total daily production averaged 2.345 million barrels of oil equivalent (boe) per day recorded in the first half of this year, higher than the 2.255 million boe per day recorded in the previous corresponding period.

Liza said this was mainly driven by higher gas production due to higher demand, both in domestic and international operations.

The downstream business recorded stable operations in the first half of 2021, with overall equipment effectiveness recording 93.1 per cent, similar to the same period last year, on strong plant reliability despite the movement control order restrictions.

In the first six months of the year, Petronas successfully delivered over 11,790 LNG cargoes from the Petronas LNG Complex (PLC) in Bintulu. The group has also secured LNG sales of 3.17 million tonnes per annum.

Source: BERNAMA News Agency

IHH Healthcare’s shares rise 9 pct on stellar Q2 performance

KUALA LUMPUR, IHH Healthcare Bhd’s shares rose near nine per cent boosted by a stellar second quarter (Q2) financial year 2021 (FY2021) earnings performance.

At 4.10 pm, the counter added 50 sen to RM6.34, with 18.25 million shares traded.

The stock is also the second top gainer on Bursa Malaysia after Dutch Lady Milk Industries Bhd which increased 66 sen to RM33.42 per share.

The Malaysian-Singaporean private healthcare group’s net profit rebounded to RM483.31 million in Q2 versus a net loss of RM120.64 million in the same period in the previous year as more patients returned to its hospitals for treatments.

Revenue rose to RM4.27 billion from RM2.57 billion previously.

Moving forward, IHH Healthcare said it expected the short-term impact from the resurgence of COVID-19 cases to continue as the pandemic evolved with movement restrictions across countries it operates.

“Our long-term growth trajectory remains solid and we are well-prepared to ride out the pandemic to emerge stronger,” it added.

Source: BERNAMA News Agency