Molecular Templates, Inc. Reports Second Quarter 2019 Financial Results

AUSTIN, Texas, Aug. 12, 2019 (GLOBE NEWSWIRE) — Molecular Templates, Inc. (Nasdaq: MTEM, “Molecular,” “Molecular Templates” or “MTEM”), a medical-level biopharmaceutical company centered at the discovery and improvement of the enterprise’s proprietary engineered toxin bodies (ETBs), that are differentiated, centered, biologic therapeutics for cancer, nowadays suggested monetary results for the second one area of 2019. As of June 30, 2019, MTEM’s coins and investments totaled $72.Three million, and is anticipated to fund operations into the primary half of 2021.

“Updated statistics from our Phase I/Ib look at of MT-3724 in DLBCL maintain to expose promising interest in closely pretreated patients. In our 3 ongoing Phase II research with MT-3724, we hope to duplicate the monotherapy activity in a bigger patient populace in addition to showing the utility and safety of mixture dosing within the separate chemotherapy and Revlimid aggregate research,” stated Eric Poma, Ph.D., Molecular Templates’ Chief Executive, and Scientific Officer. “Investigational New Drug Applications (INDs) have been well-known for each MT-5111 (HER2 focused ETB) and TAK-169 (CD38 ETB) with Phase I dosing predicted to begin soon for both packages. We look forward to imparting examine updates at the three ongoing MT-3724 Phase II studies and the MT-5111 Phase I observe with the aid of the cease of the year.”

Company Highlights and Upcoming Milestones

Takeda and MTEM introduced the popularity of the IND for TAK-169 (CD38 focused ETB) in June 2019. Dosing in the trial is anticipated to start in 2H19.
As offered on the American Association for Cancer Research annual assembly in April 2019, TAK-169 is more potent than MT-3724 (our CD20 targeted ETB) and was additionally nicely tolerated at lots better doses than was MT-3724 in non-human primates.
The beginning dose for the dose-escalation for TAK-169 is 50 mcg/kg, that’s the MTD for MT-3724. The protocol consists of once weekly and as soon as each -week dosing schedules.


The Phase I/Ib monotherapy take a look at of MT-3724 completed enrollment in 1Q19. Final information from this observe is predicted to be supplied at a medical conference. A general of 27 sufferers had been treated on this look at throughout various doses (five mcg/kg-100mcg/kg); 50 mcg/kg become diagnosed as the most tolerated dose (MTD).
Thirteen of these patients with diffuse massive B-cellular lymphoma (DLBCL) were relapsed/refractory DLBCL patients (inclusive of converted and composite histology), with assay-bad degrees of serum rituximab.
Results for these 13 sufferers were:
Five sufferers had responses (1 whole response, 1 complete metabolic response, 3 partial responses) for a 38% response rate. The median variety of prior remedies inside the responders became three; four of the responders were primary R-CHOP refractory.
Three patients had the solid disease (inclusive of sufferers with forty-nine % and forty-seven % tumor discounts).
Five patients had a revolutionary ailment.
Five of those thirteen sufferers had been dealt with at the MTD of 50 mcg/kg. Three of those five sufferers responded (1 CR, 2 PRs).
The patient with a CR has left the observe for non-public reasons after five cycles while still in a whole reaction.
One of the alternative sufferers with a PR stays in response and is present in their 9th cycle of dosing.
The closing patient, who had heterogeneous CD20 fame at enrollment, had a partial reaction after which advanced after about 5 cycles.
The 50 mcg/kg dose has been normally nicely-tolerated; no existence-threatening toxicities were discovered at any dose of MT-3724.
MTEM is carrying out a Phase II monotherapy study of MT-3724 in relapsed/refractory DLBCL. This observe has the capacity to function a registration examine. MTEM expects to provide an update on this take a look at in 4Q19.
MTEM is also carrying out Phase II research in advance traces of DLBCL; one with MT-3724 in combination chemotherapy (gemcitabine and oxaliplatin) and the other with MT-3724 in mixture with Revlimid. The Company expects to report a replace on each MT-3724 mixture studies in 4Q19.

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