Biomedical company Polaris Group (北極星) said it is scheduled to give an oral presentation about its new cancer treatment, ADI-PEG 20, at an American Society of Clinical Oncology (ASCO) annual meeting in June.
Oral presentations are considered to be the most sought-after way to showcase a drug developer’s new findings at the ASCO, one of the world’s most influential professional organizations, representing physicians of all oncology specialties providing care for cancer patients.
ADI-PEG 20 is a biologic treatment for cancers designed to deplete the external supply of arginine, which causes arginine-dependent cancer cells to die, while leaving the patient’s normal cells unharmed.
Multiple cancers have been reported to have a high degree of arginine-dependency, according to the company.
ADI-PEG 20 is being developed as a treatment for malignant plural mesothelioma in the lining of the lungs and chest wall and non-squamous non-small cell lung carcinoma, to be administered in combination with other first-line chemotherapy drugs Cisplatin and Pemetrexed.
Studies have evaluated the efficacy of the drug on 15 types of cancers, including leukemia, lymphoma, melanoma, breast, ovarian, and pancreatic, Fubon Securities Co (富邦證券) said.
As a result of these, studies on 11 cancer types have entered second-phase trials, while tests for the drug as a treatment for hepatocellular carcinoma of the liver have entered the third phase, the brokerage said.
Fubon handled the company’s listing in February on the Taipei Exchange’s (TPEX) Emerging Stock Board.
Polaris shares closed at NT$73.55 on Friday, compared with NT$150 at their debut on Feb. 15.
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