Business
SELLAS Life Sciences Provides Business Update and First Quarter 2022 Highlights
– In-licensed Next-Generation, Highly Selective CDK9 Inhibitor – – Closed Underwritten Public Offering with Gross Proceeds of $25 Million – – Appointed Robert
About this update from Sellas Life Sciences Group, Inc.
[{"type":"text","content":"– In-licensed Next-Generation, Highly Selective CDK9 Inhibitor – – Closed Underwritten Public Offering with Gross Proceeds of $25 Million – – Appointed Robert Francomano as Chief Commercial Officer – – Completed Enrollment in Phase 1/2 Study of Galinpepimut-S (GPS) in Combination with Merck’s KEYTRUDA® – – IND Application in China for Phase I Study of GPS Approved by China’s NMPA – – Shareholder Update Call on Wednesday, April 6th at 8:30 a.m. Eastern Time – NEW YORK, April 05, 2022 (GLOBE NEWSWIRE) -- SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) (“SELLAS” or the “Company”), a late-stage clinical biopharmaceutical company focused on the development of novel therapies for a broad range of cancer indications, today provided a business update and overview of activity in the first quarter of 2022. “The first quarter of 2022 has been transformative for SELLAS as we have significantly enhanced our clinical pipeline with the in-license from GenFleet Therapeutics (Shanghai), Inc. (“GenFleet”) of global rights outside of Greater China for GFH009, a highly selective small molecule cyclin-dependent kinase 9 (“CDK9”) inhibitor. At the same time, we have continued to progress our lead asset, galinpepimut-S (“GPS”), which is currently being tested in clinical trials for acute myeloid leukemia (“AML”), malignant pleural mesothelioma (“MPM”) and relapsed/refractory metastatic ovarian cancer,” said Angelos M. Stergiou, MD, ScD. h.c., President and Chief Executive Officer of SELLAS. “We also strengthened our balance sheet with the closing of a public offering, underwritten by SVB Leerink and Cantor, which will support the continued development of GPS and our ongoing and planned studies for GFH009. We view the addition of GFH009 as a strategic fit to our overall clinical development plans.” Dr. Stergiou continued, “GFH009 provides us with an opportunity to expand further into the market for AML therapeutics covering not only the maintenance phase of the disease, which is the indication being studied for GPS in the REGAL trial, but also active disease by combining GFH009 with venetoclax and azacitidine. GFH009 has shown a strong synergy with venetoclax in preclinical models, and we believe it has the potential to improve response to venetoclax or possibly convert resistance to venetoclax into a response. Furthermore, we have an opportunity with G...