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The Spark :: Lantern Pharma Monthly Newsletter

By Lantern Communications Team
January 31, 2023
Smart Brevity®
3 mins ...
776 words

The January 2023 edition of The Spark features the latest company updates including:

  • Lantern granted an FDA Orphan Drug Designation (ODD) for LP-284 to treat mantle cell lymphoma - 4th overall ODD.
  • The Harmonic™ trial, for never-smokers with NSCLC, expands sites across the US with 11th location added in Texas.
  • First of its kind, patient focused, iPhone app launched for the Harmonic™ trial.
  • Positive pre-IND FDA meeting solidifies the path for LP-184’sIND submission and clinical trial launch in Q2 2023.

We want to hear from you, send us feedback or unsubscribe from The Spark at the bottom of the newsletter.

Lantern granted an FDA Orphan Drug Designation (ODD) for LP-284 to treat mantle cell lymphoma - 4th overall ODD

Lantern granted an FDA Orphan Drug Designation (ODD) for LP-284 to treat mantle cell lymphoma - 4th overall ODD

‍LP-284 was granted an FDA Orphan Drug Designation (ODD) based on its demonstrated anti-tumor activity across a comprehensive number of in vitro and in vivo models of mantle cell lymphoma (MCL).

  • Most recently at ASH, LP-284 treatment was demonstrated to have between 91-105% greater tumor growth inhibition (TGI) in mice implanted with MCL tumors, when compared to treatment with the standard-of-care (SOC) agents Ibrutinib or Bortezomib.
  • Additionally, LP-284 treatment was also able to inhibit the growth of mouse MCL tumors that had grown resistant to either Ibrutinib or Bortezomib.

Why it matters: The FDA grants ODDs to drugs to treat rare diseases affecting fewer than 200,000 people in the US. Receiving an ODD provides drug developers with a number of benefits including:

  • Expedited drug development programs.
  • Market exclusivity for 7 years upon FDA approval.
  • Eligibility for tax credits, reduced registration and product fees.

What’s next: Lantern is targeting filing the IND with the FDA and initiating a first-in-human Phase 1 trial for LP-284 in B-cell non Hodgkin’s lymphomas, including MCL, by mid 2023.

The big picture: Therapies for MCL rarely achieve cures and have a high percentage of relapse and resistance. There are significant needs for additional late stage options, like LP-284, for these patients.

  • In the US, MCL is diagnosed in approximately 4,500 patient seach year and has an estimated annual market potential of $600million.

One more thing: In addition to the ODD granted for LP-284 in MCL,Lantern was previously granted ODDs by the FDA for its drug candidateLP-184 for the treatment of malignant gliomas, atypical teratoidrhabdoid tumors (ATRT), and pancreatic cancer.

The Harmonic™ trial, for never smokers with NSCLC, expands sites across the US with 11th location added in Texas.

The Harmonic™ trial, for never smokers with NSCLC, expands sites across the US with 11th location added in Texas.

Lantern activated its fourth Harmonic™ clinical trial site in Dallas, TX at Texas Oncology. Across its four sites, Harmonic™ has 11different locations across the US, with multiple additional sites expected to be activated this quarter.

What's next: All four clinical trial sites, Gabrail Cancer Center, Northwest Oncology, New York Cancer and Blood Specialists, and Texas Oncology are in the process of screening patients and are targeting to enroll the first patients in Q1 2023.

First of its kind, patient focused, iPhone app launched for the Harmonic™ trial

First of its kind, patient focused, iPhone app launched for the Harmonic™ trial

The Harmonic™ app provides patients and caregivers with mobile access to up-to date information on the Harmonic™ trial including:

  • How NSCLC is different in never-smokers versus in tobacco users.
  • What taking part in the Harmonic™ trial involves.
  • Ability to contact the Harmonic™ clinical trial team.
  • Information on the investigational new drug, LP-300.
  • Locations of all currently active clinical trial sites where prospective patients can gain additional information about the trial and the discuss options with clinicians.
  • Download the Harmonic™ app on your iPhone here.

Positive pre-IND FDA meeting solidifies the path for LP-184’s IND submission and clinical trial launch inQ2 2023

Positive pre-IND FDA meeting solidifies the path for LP-184’s IND submission and clinical trial launch inQ2 2023

The big picture: In Q4 2022, Lantern requested a pre-investigational new drug (IND) meeting with the FDA for feedback on the company’s planned LP-184 IND application.

The positive FDA responses were in line with Lantern’s clinical, CMC and preclinical development plans and solidified a timeline for an IND submission and clinical trial initiation in Q2 2023.

What's next: The upcoming LP-184 Phase 1 trial is expected to enroll patients with solid tumors and central nervous system (CNS) cancers including:

  1. Pancreatic cancer
  2. Select solid tumors with DNA damage repair deficiency
  3. Recurrent high grade gliomas, including glioblastoma (GBM)

Go deeper: Patients with central nervous system (CNS) cancers, including GBM, have some of the lowest 5 year survival rates and have had no meaningful treatment progress in two decades.

LP-184’s anti-tumor synthetic lethality mechanism of action, favorable blood brain permeability, and compelling pre-clinical efficacy for CNS cancers give it the potential to become the next generation standard-of care agent for CNS cancer patients.

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Forward-Looking Statements

This newsletter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among other things, statements relating to: future events, our plans to advance the development of our drug candidates and antibody drug conjugate program, or our future financial performance. Any statements that are not statements of historical fact (including, without limitation, statements that use words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "objective," "aim," "upcoming," "should," "will," "would," or the negative of these words or other similar expressions) should be considered forward-looking statements. There are a number of important factors that could cause our actual results to differ materially from those indicated by the forward-looking statements, such as (i) the impact of the COVID-19 pandemic, (ii) the risk that our research and the research of our collaborators may not be successful, (iii) the risk that none of our product candidates has received FDA marketing approval, and we may not be able to successfully initiate, conduct, or conclude clinical testing for or obtain marketing approval for our product candidates, (iv) the risk that no drug product based on our proprietary RADR® A.I. platform has received FDA marketing approval or otherwise been incorporated into a commercial product, and (v) those other factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 10, 2022. You may access our Annual Report on Form 10-K for the year ended December 31, 2021 under the investor SEC filings tab of our website at www.lanternpharma.com or on the SEC's website at www.sec.gov. Given these risks and uncertainties, we can give no assurances that our forward-looking statements will prove to be accurate, or that any other results or events projected or contemplated by our forward-looking statements will in fact occur, and we caution investors not to place undue reliance on these statements. All forward-looking statements in this newsletter represent our judgment as of the date hereof, and, except as otherwise required by law, we disclaim any obligation to update any forward-looking statements to conform the statement to actual results or changes in our expectations.

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