UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 13, 2016
BIO-PATH HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-36333 | 87-0652870 |
(State or other jurisdiction of incorporation)
|
(Commission File Number) | (IRS Employer Identification No.) |
4710 Bellaire Boulevard, Suite 210, Bellaire, Texas | 77401 |
(Address of principal executive offices) | (Zip Code) |
(832) 742-1357
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure. |
On January 13, 2016, Peter H. Nielsen, President and Chief Executive Officer of Bio-Path Holdings, Inc. (the “Company”), presented at the eighth annual Biotech Showcase™ 2016 held in San Francisco, California. A copy of Mr. Nielsen’s slide presentation is attached hereto as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit | ||
Number | Description | |
99.1 | Slide Presentation dated January 2016 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BIO-PATH HOLDINGS, Inc. | |||
Dated: January 13, 2016 | By: | /s/ Peter H. Nielsen | |
Peter H. Nielsen | |||
President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit | ||
Number | Description | |
99.1 | Slide Presentation dated January 2016 |
Exhibit 99.1
“A New Paradigm in Antisense Drug Delivery” Corporate Presentation January 2016
This Presentation contains forward - looking statements with respect to business conducted by Bio - Path Holdings, Inc . By their nature, forward - looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future . The Company does not undertake to update any forward - looking statements . There are a number of factors that could cause actual results and developments to differ materially and investors should use their own judgment to evaluate risks . Forward Looking Statements 2
Overview □ About Bio - Path Holdings □ Antisense and DNAbilize ™ Technology □ BP1001 (Liposomal Grb2) in the clinic □ Future plans and milestones □ Financial snapshot 3
□ Oncology focused pharmaceutical development company located in Houston, TX □ Established in 2008 with technology licensed from the University of Texas MD Anderson Cancer Center □ Listed on NASDAQ in March 2014 as BPTH □ Breakthrough science and cancer drugs ▪ DNAbilize ™ Technology is our proprietary antisense and delivery system that solves the antisense industry dilemma ▪ Demonstrated ability to deliver antisense DNA into target cells and down - regulate the protein □ F irst drug targeted to Grb2, BP1001 , is in Phase I/II trials for AML; Ph + CML ▪ Received Orphan Drug Designation for AML from the FDA ▪ R esults of Phase I/II combination testing very encouraging □ T riple negative and inflammatory breast cancer in preclinical stage □ Second target to Bcl2 (BP1002) in preparation for a clinical trial for follicular lymphoma Bio - Path Holdings 4
» Solving the antisense drug delivery challenge with DNAbilize ™ Technology » World’s leading cancer institution, MD Anderson, is significant shareholder Broad Vision, Focused Strategy » Liposomal delivery technology distributes antisense drugs throughout the human body by simple intravenous infusion Novel Mechanism of Action » Ability to apply delivery technology template to almost any protein target and expand outside cancer » Numerous new drug candidates and partners identified for development Versatile Delivery Technology » Initial two drug candidates have market potential of $4+ billion » Expanding pipeline with potential for licensing Significant Market Opportunity Investment Highlights 5
Core Organization Peter Nielsen Co - Founder, President, Chief Executive Officer and Chief Financial Officer • Officer and D irector since founding Company in 2007 Ulrich Mueller, PhD Chief Operating Officer • P reviously Vice President at the Fred Hutchinson Cancer Research Center • Former Managing Director Office of Technology Commercialization at MD Anderson Ana M. Tari, PhD & MBA Director, Preclinical Operations & Research • Key member of the research team that developed our liposomal delivery technology Tara Sadeghi, PhD Director, Clinical Operations • Over 24 years of drug development and clinical operations experience across all phases of clinical development (Phases I through III ) Suzanne Kennedy, PhD Director, Corporate Development • Over 15 years of marketing, business development, and research & development experience in the biotech industry Focus • Clinical team added to manage clinical trials and place new candidates into an IND, clinical trial • Expanding preclinical research and manufacturing capabilities 6
Jorge Cortes, M.D . Chairman • M.D . from la Facultad de Medicina , Universidad Nacional Autónoma de México • Jane and John Justin Distinguished Chair in Leukemia Research, Chief of the AML and CML sections , and Deputy Chair of the Department of Leukemia at The University of Texas MDACC • Has consulted leading pharmaceutical companies such as AstraZeneca on development of prenyltransferase inhibitors, GlaxoSmithKline on the use of topotecan in MDS and CMML, and Rhône - Poulenc Rorer on the use of PEG - Asparaginase in adult ALL. Amy P. Sing, M.D. Member, Bio - Path’s Board of Directors • M.D. from the Stanford University School of Medicine • Currently Senior Director of Medical Affairs at Genomic Health, Inc. • Former Senior Medical Director at Genentech, Inc., had an integral role in the Avastin ™ program • Former Senior Director of Medical and Regulatory Affairs at Seattle Genetics Recruiting additional members Scientific Advisory Board 7
DNAbilize ™ Technology □ P - ethoxy DNA incorporate into the neutral liposomes’ hydrophobic multi - lamellar structure in contrast to electrostatic interactions in cationic lipid delivery methods. □ Neutral liposomes avoid toxic effects of cationic liposomes on cell membranes by avoiding nonspecific interactions with plasma proteins and negatively charged cell surfaces. C 2 H 5 O 8
DNAbilize ™ Antisense DNA: A Targeted Method for Treating Disease □ Antisense - molecules that interfere with the process of producing proteins inside cells (RNAi) » Does not use a toxic agent to kill cells, but instead blocks production of proteins » Advantage of specificity because it targets the disease - causing protein □ No toxicity - In numerous animal studies or human patients in BP1001 clinical trial » DNAbilize ™ liposome structure is similar to the cellular membrane » P - ethoxy DNA does not activate complement or inhibit the clotting cascade □ Systemic treatment - I.V. delivery to the main organs via blood flow □ High cellular uptake - liposome structure is similar to the cellular membrane □ Microscopic - sized liposomes - enable penetration into tumors for delivery of drug □ Proven target inhibition - demonstrated that DNAbilize ™ method inhibits target protein, proving delivery technology works 9
BP1001 in Clinical Testing □ Grb2 is a protein that bridges activated tyrosine kinases to the Ras signaling pathway □ Phase I clinical trial: » First 6 cohorts completed » P reliminary results show drug has been well tolerated in patients with AML, CML, and MDS with no signs of toxicity and signs of anti - leukemia activity □ Safety segment of P hase II (Phase Ib ) trial for Acute Myeloid Leukemia (AML) in combination with frontline therapy ongoing » Phase II efficacy trial planned to start early 2016 » Phase II trial in Chronic Myelogenous Leukemia (CML) planned □ Additional indications in triple negative and inflammatory breast cancers being developed and in other solid tumors 10
□ AML, CML, ALL & MDS Patients Refractory or Resistant to Current Therapies □ Dose escalating, treatment cycle 8 doses over 4 weeks Results through cohort 6 ( 90 mg/m 2 ) » Patients averaged 6 prior therapies » 15 of 20 evaluable patients’ blasts demonstrated anti - leukemia activity » 8 patients stabilized for extended treatments » 2 patients (010 and 014) transient improvement leukemia cutis lesions » D rug was well - tolerated □ Of the 18 evaluable with circulating blasts, 83% had a response to the drug □ Cohort 7 (Phase II safety segment) receiving LDAC + 60 mg/m 2 BP1001, 2 patients, 035 and 038 achieved complete remission . Summary of Phase I Monotherapy and Ib Combination Therapy Clinical Trial Results for BP1001 Complete remission Baseline Nadir Off-Tx 01 CML 93 82 97 <1 06 AML 15 2 5 5 07 MDS 8* 4* 6* 5 010** AML 23* 10* 10* 1 011 CML 24 7 50 1 014** AML 33 5 21 1 015 AML 51 31 72 1 020 AML 76 5 23 1 021 AML 71 43 74 2 022 AML 1 0 2 2 023 MDS NE* NE* NE* 1*** 024 MDS 0* 0* 2* 5 025 AML 10 3 19 2 026 AML 16 none 80 1 027 AML 93 92 97 1 028 AML 96 none 98 1 029 AML 33 7 27 1 030 AML 51 17 84 1 031 AML 17 NE 17 1 032 AML 24 NE 40 2 034 AML 66 ND ND 1 035 AML 17 2 ND 1 037 AML 25 25 ND 1 038 AML 23 2 ongoing 4 Peripheral or bone marrow (BM)* Blast % Cycles Completed Patients Diagnosis Cohort 7
□ Patient 002 : 32 year - old, Hispanic male with myeloid blast crisis of CML □ Prior therapies consist of: ― Gleevec ― Dasatinib ― Nilotinib ― DCC - 2036 ― Cytarabine/Fludarabine/ ― Dasatinib/Gemtuzumab ― PHA - 739358 ― Clofarabine/Dasatinib □ Patient taken off therapy, CNS disease was assumed (not confirmed) and intrathecal Ara - C was administered - patient succumbed due to disease progression prior to going back on treatment Response to Treatment for Patients 002 and 006 12 □ Extended Treatment: Patient 006 □ 54 year - old HIV+ male with AML transformed from Jak2 positive Polycythemia Vera □ 3 patients showed improvement and/or stable disease, received 5 treatment cycles over 5 months □ Patient 006 achieved stable disease and marked reduction in peripheral blasts
% Decrease of Target Grb2 Protein and pErk protein » Grb2 levels decreased 50% in 11 of 13 samples by end of treatment (EOT) » pErk levels decreased an average of 52% in 7 of 13 samples by EOT. NS 1 = no sample collected 2 Fewer cells used in analysis because sample had less cells
Results of Phase II Cohort 7 Combination LDAC + BP1001 Therapy □ S afety evaluation of combination l ow - dose cytarabine (LDAC) with BP1001 in refractory and relapsed patients □ Three (3) evaluable patients were treated twice a week for 4 weeks with 60 mg/m 2 of BP1001 and LDAC □ Total of 8 doses in combination with the standard regimen of LDAC » Two out of three patients achieved complete remission □ Cohort 8 patients being treated with 90 mg/m 2 of BP1001 in combination with frontline LDAC is ongoing Results were consistent with previous cohorts, showing BP1001 to be safe, well tolerated with significant anti - leukemia activity 14
Percent Blasts in Bone Marrow for Patients in Safety Study Phase II Cohort 7 15 Baseline Nadir Off-Tx 035 AML 17 2 yes 1 037 AML 25 25 yes 1 038 AML 23 2 ongoing 4 Peripheral or bone marrow (BM) Blast % Cycles Completed Patients Diagnosis
Plans For Phase II Clinical Trials of BP1001 □ The proposed clinical program is to evaluate BP1001 in AML in a Phase II clinical trial in combination with frontline therapy □ Currently completing the safety segment of the Phase II (Phase Ib) trial evaluating 2 cohorts at 2 dose levels, 3 patients per cohort, to test for any potential negative synergies of using BP1001 together with frontline therapy □ Phase II efficacy trial: » Planning to have approximately 54 patients with an interim analysis after 19 patients » If successful, the trial will be rolled into a pivotal trial for accelerated approval » Expected to be conducted at leading cancer centers in the US, including the MD Anderson Cancer Center » Primary endpoint for the study is the number of patients who achieve complete remission » Phase II trial in CML starting in Q1 of 2016 16
Recent Accomplishments □ Phase I monotherapy clinical trial completed through six cohorts with very promising results » 34 patients enrolled » Well tolerated drug with no toxicity » 18 evaluable patients with circulating blasts, 83% had a response » 8 of 21 evaluable patients stabilized for additional treatment □ BP1001 inhibits disease - causing protein in human patients with blood cancers □ BP1001 being developed for triple negative and inflammatory breast cancers □ Significant corporate development in 2015: » Phase II safety segment (Phase Ib) dosing for the combination therapy for BP1001 near completion with patients achieving complete remission » IND package for BP1002 (Liposomal Bcl2) in preparation to begin a clinical trial » Promising new targets in preclinical development » $25 million ATM financing in place 17
Upcoming Milestones □ Completion of safety segment of Phase II (Phase Ib) clinical trial □ Continued pre - clinical evaluation of BP1001 for inflammatory and triple negative breast cancer and if successful, rapid deployment into a Phase I clinical trial □ Exciting new drug candidates coming from our business development team » Expanding pipeline with new target drug candidates (lymphoma, pancreatic, brain) » New drug indication outside of cancer □ Value propositions for 2016: » Enrollment of first 19 patients in Phase II with an interim analysis to be completed with potential for switch to registration trial for accelerated approval » Initiation of safety segment for Phase II (Phase Ib) in CML for combination therapy » Demonstrated effectiveness of delivery technology (broad drug development, licensing implications) » Expanding pipeline and collaborations on new and creative drug candidates » Continued new manufacturing and target IP 18
Clinical Pipeline * BP1001 for AML has received orphan drug designation from the U.S. FDA * 19
Ticker: NASDAQ: BPTH Shares: 89.8M shares outstanding Sept 30, 2015 Market Cap: approximately $130 MM Capital Raised: $30.6 MM Cash: $9.9 MM as of Sept 30, 2015 Burn rate: approximately $1,000,000 per quarter excluding the clinical trial costs Financing: $25 million ATM program in place Financial Snapshot 20
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