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Bullboard - Stock Discussion Forum Theratechnologies Inc T.TH

Alternate Symbol(s):  THTX

Theratechnologies Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies addressing unmet medical needs. It markets prescription products for people with human immunodeficiency viruses (HIV) in the United States. The Company's research pipeline focuses on specialized therapies addressing unmet medical needs... see more

TSX:TH - Post Discussion

Theratechnologies Inc > Bicycle Therap. - encouraging in ovarian
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Post by Wino115 on Sep 07, 2022 11:27am

Bicycle Therap. - encouraging in ovarian

Bicycle reported updated Phase 1 dose escalation data today for BT5528, it's bispecific peptide conjugate,  in advanced solid tumors that express positive EphA2. The first data is from ovarian and urothelial. This is actually very good news because the approach is more akin to what THTX is doing with a PDC than the ADC approach.  This is also a peptide Bicycle uses for deliver, but the target is different, although it also is more prevalent the more advanced the cancer is like Sort1.  I don't know enough about it to know if it's also internalizing it and helping it to pass resistance.  I thought it would be best to paste their exact release since it also shows you what you can discuss, even with a small set of dosage trial patients.  

As JFM will note, they DO discuss having done staining afterward to understand the expression and if the patient is considered "evaluable".  In the CS Q&A Levesque did, he mentioned they would get sortilin expression data afterwards, but we haven't heard about it. You'll see the results are compared to an ADC that wasn't as effective as their PDC.  The responses are not all that dissimilar to what we saw with TH1902, nor the safety issues.  They described it as "demonstrateing anti-tumor activity" and a "differentiated tolerability", which is a nice way to describe your safety advantages.  Anyway, here's how another very similar company in a similar part of the trial releaseed their data.  The ORRs and such are a bit lower than what we've seen, the safety is better, and there was one CR for ovarian.  All in, shows that PDC approach is something differnent and they have it working.  Bodes well for Th1902 conceptually.  It's up around 3% and has an $800mil market cap.


"BT5528, a BTC targeting EphA2, a target for which prior antibody-based approaches have been unsuccessful, has demonstrated anti-tumor activity and differentiated tolerability. Bicycle has established an RP2D dose (6.5mg/m2 every other week) and is enrolling ongoing expansion cohorts.
  • Preliminary signs of anti-tumor activity observed. A total of 45 patients (15 at RP2D 6.5mg/m2 every other week) were dosed with a median of four prior lines of therapy. Expression of EphA2 was evaluated retrospectively using an immunohistochemistry (IHC) assay.
    • Amongst these patients, anti-tumor activity was observed in urothelial and ovarian cancer patients.
    • A total of 21 ovarian cancer patients were dosed. Of these, nine response evaluable patients were determined to be EphA2-positive based on the IHC assay. The median prior lines of therapy for these nine patients was four.
    • Among these nine late-line ovarian cancer patients, six patients (67%) were observed to have a reduction in target lesions, including one patient with a complete response (CR) and one with a partial response (PR) under Response Evaluation Criteria in Solid Tumors (RECIST) version 1.1, resulting in a disease control rate (DCR) of 67% and an overall response rate (ORR) of 22%.
    • A total of eight urothelial patients were dosed. Of these, three response evaluable patients were determined to be EphA2-positive based on the IHC assay and of these three patients, two were observed to have tumor reductions constituting a PR under RECIST version 1.1 (ORR and DCR of 67%).
  • BT5528 well-tolerated at RP2D of 6.5mg/m2 every other week. Low, or no, levels of incidence of neutrophil count decrease, peripheral neuropathy, skin rash and eye disorders were reported. Low-grade GI treatment-related events were those most commonly reported amongst the 15 patients at this dose. There were three Grade 3 and above events at the RP2D: diarrhea (n=1, 7%) and anemia (n=2, 13%). In addition, and in contrast to the toxicities observed with EphA2 ADCs, Bicycle has observed no signs of treatment-related coagulopathy to date in any patient.
  • Bicycle advancing BT5528 in ongoing expansion cohorts. In June 2022, Bicycle announced the dosing of the first patient in the part B dose expansion portion of the Phase I/II trial. Up to 56 patients will be enrolled in the initial expansion cohorts, with the ability to further expand enrollment based on results from these cohorts. Dose expansion is taking place in urothelial (n=14) and ovarian (n=14) cancers as well as in a basket cohort of other solid tumors (n=28), including non-small cell lung, triple-negative breast, head and neck, and esophageal cancers."
Comment by qwerty22 on Sep 07, 2022 1:14pm
Here's the clinicaltrial page. https://clinicaltrials.gov/ct2/show/NCT04180371?term=BT5528&draw=2&rank=1 So just to be clear the splitting of their enrolled population into EphA2+ and - is a post-hoc analysis as it's not mentioned as part of their protocol in the original trial design. It's obviously a logical thing to do but it comes with some caveats. For example ...more  
Comment by Wino115 on Sep 07, 2022 2:09pm
Helpful additional comments and, from what I've seen, almost all the targeted cancer trials eventually get to understanding the best baseline characteristics for optimal performance in a patient. Many have this same construct of segregating the "evaluable" results. What I take from this also is that THTX, in doing the all-comers as FDA requested, will have the best of both worlds ...more  
Comment by qwerty22 on Sep 07, 2022 4:10pm
"the best of both worlds" is definitely what we want them to have all the way up to any decision-making points, that's what they are giving themselves. The price for that is enrolling some SORT1 negative patients who likely won't respond.  On "evaluable" here is what the RECIST rules say. (I get hung up on the rules) https://project.eortc.org/recist/wp ...more  
Comment by SPCEO1 on Sep 07, 2022 4:26pm
No apo;gy is necessary - you are a great asset to this messge board.
Comment by SPCEO1 on Sep 08, 2022 10:33am
Amen to those helpful comments - I hope TH takes them to heart. At the moment, the company is "not in the game" among other cancer stocks. It is hopefully about to have data that will propel it into a place where it should get the attention of investors who are familiar with this space beyond Soleus. If they do it right, which may mean doing things quite differently than in the past ...more  
Comment by Bucknelly21 on Sep 08, 2022 11:20am
I am so tired of waiting....
Comment by Lee430 on Sep 08, 2022 11:48am
I ran out of patience some time ago, however, my wife has been graciously lending me some of her seemingly unlimited supply of patience, especially when it comes to me. Note to Thera, Pleeezzz get us above the penny stock range before my 2022 RMD is due as I sure would hate to be forced to sell at this SP.
Comment by Wino115 on Sep 08, 2022 1:03pm
Spousal patience has been severely tested for many! We owe them bigly should the bet come in. I assume the required retirement withdrawal (RMD) is year end --just so THTX knows.  According to CEO, we should hope to have one, some or many data points by year end. Let's hope enrollment in ALL the centers has been strong and this is right. I would love to know how it is going in each ...more  
Comment by Trogarzon on Sep 08, 2022 1:55pm
Not being in the game ia some kind of permanent state at Thera... maybe we go down another 30% between now and then thanks to tax selling and maturing options.  Then we go back up to 3$ tahnsk to spectacular Th1902 results and 24 hrs later an OO no.2 @ 2.50$ with excuses of biotech market being difficult and all... why because it's Thera and they never understood the game overthere ...more  
Comment by canadapiet on Sep 08, 2022 2:22pm
They do understand the game and the business.....!  They are at TH for their paycheck. The rest is "sideshow". No vested intrest in the company, so if and when they need money there will be a new offering, a very bad new offering!!!  And hidden lies......,how long are they telling the market they are in a strong position to negotiate a deal with that Chinese company........ ...more  
Comment by Trogarzon on Sep 08, 2022 2:45pm
Sounds about right... the only thing we got from our new CEO since his coronation day by our highness Dawn is a new qualifier word... Mindbogling... give me a f..ing break someone...
Comment by Wino115 on Sep 08, 2022 3:35pm
Totally understand the skepticism many here have and, ultimately, it will all be about the science advancing TH1902 into Phase 2 or not.  We shall see.  Additionally, I think we've established we all agree with the Canadapeit insistance about more ownership.  That is where the rubber meets the road for management showing confidence.  Nothing else compares. So more inside ...more  
Comment by jfm1330 on Sep 07, 2022 4:56pm
Wino, It crossed my mind while reading your post about Bicycle Therapeutics to do a quick search with the company's name and Ga68 since like Thera, they are developping PDCs. It seems I am not the only one thinking that an imaging tool using a PDC with Ga68 is a good idea.  They made this preclinical experiment in 2017, so maybe they have to wait for one of their PDCs to be approved to ...more  
Comment by Wino115 on Sep 07, 2022 6:48pm
Once again, helpful posts from you all and further's our understandings of various issues.  As a follow-up, I see that one analyst increased their price target by $10, which equates to $300mil in additional market cap, on Bicycle.  So that's what fairly thin, but decent, data can get you for one cancer indication - a $300mil bump in valuation. They decreased the discount rate ...more  
Comment by Wino115 on Sep 07, 2022 6:50pm
Errata -- 18 month CR (complete response) not PR.  That was in ovarian by the way.  So quite good as we know. 
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