Idera Pharma (IDRA) Provides 2018 Update, Outlook

Idera Pharmaceuticals, Inc. (NASDAQ: IDRA), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel oligonucleotide therapeutics for oncology and rare diseases, today is providing an update on its clinical development programs and is providing an outlook for 2018.

“2018 has the opportunity to be a truly transformative year for Idera in many ways,” stated Vincent Milano, Idera’s Chief Executive Officer. “Our ongoing clinical development programs have advanced well and momentum is building, particularly around IMO-2125, which will now be referred to as the Illuminate Development Program. We continue to make progress in our efforts to advance IMO-2125 into Phase 3 and make IMO-2125 a commercial reality for patients in need of a solution following progression on PD-1 therapy. We’re also looking forward to reporting the results of the Phase 2 trial of IMO-8400 in dermatomyositis, as well as providing a data-driven development decision for IDRA-008 targeting APOC-III.”

Milano continued, “Outside of the exciting progress we are making clinically with our programs, we continue to be extremely active in business development. We plan to explore partnering opportunities as well as identify assets that fit within our corporate strategy of building a company focused on delivering solutions for patients with rare unmet medical needs.”

Clinical Development Programs:ILLUMINATE (IMO-2125) Clinical Development

ILLUMINATE 204 – Phase 1/2 Trial of IMO-2125 in Combination with Ipilimumab or Pembrolizumab in patients with PD-1 refractory metastatic melanoma

• Enrolled 21 patients at 8mg (RP2D) dose with ipilimumab;
• 5 of the first 10 evaluable patients responders;
• 5 Trial sites currently enrolling patients with goal of expansion to 10 sites during first half of 2018; and
• In pembrolizumab combination arm of the trial, phase 1 dose escalation continues into the last dosing cohort (32mg).
• Next expected clinical data update expected around the American Society of Clinical Oncology (ASCO) Annual Meeting in June 2018.

ILLUMINATE 101 – Phase 1b Trial of Intratumoral IMO-2125 Monotherapy in Patients with Refractory Solid Tumors

• Completed enrollment in first cohort (11 patients treated with 8mg dose of IMO-2125);
• Three subjects in cohort 1 (8 mg) continue IMO-2125 monotherapy on the 101 study. Initial investigator assessments indicate stable disease (SD) in 2 of these subjects (pancreatic, colorectal), and 1 irSD (pancreatic) in the third. While these are preliminary data, we are hopeful for these subjects and their ongoing care and upcoming disease assessments; and
• Advanced to enrollment of second cohort (9 patients treated with 16mg dose of IMO-2125).

ILLUMINATE 301 – Phase 3 Trial of IMO-2125 in Combination with Ipilimumab in patients with PD-1 refractory metastatic melanoma

• Trial planned for initiation during Q1 2018;
• Approximately 70 Sites selected for trial participation across 12 countries;
• Planned enrollment of roughly 300 patients with Overall Response Rate (ORR) and Overall Survival (OS) as trial endpoints; and
• U.S. Food and Drug Administration granted Fast Track Designation for IMO-2125 in combination with ipilimumab for treatment of PD-1 refractory metastatic melanoma in fourth quarter of 2017.

Pioneer (IMO-8400) Development Activities

PIONEER – Phase 2 Trial of IMO-8400 in Adult Patients with Dermatomyositis

• Enrollment concluded during Q3 2017 (30 patients); and
• Full Phase 2 trial data expected in Q2 2018.

Nucleic Acid Chemistry Research Group

IDRA – 008 Development Activities

• Selected Apolipoprotein C-III (APOC-III) as first gene target for development for treatment of Familial Chylomicronemia Syndrome (FCS) and Familial Partial Lipodystrophy (FPL);
• Completion of Pre-clinical toxicology and IND-enabling studies in Q1 2018;
• Pre-clinical pharmacology study in Cyno-model comparing IDRA-008 to competitive development asset, Volanesorsen expected to readout during Q1 2018;
• Development decision for IDRA-008 expected during Q1 2018; and

Evaluation of rare-disease opportunities for application of Idera’s core oligonucleotide research capability and expertise to yield innovative oligonucleotide therapeutic concepts that address significant unmet medical needs on-going in Q1 2018.

Corporate Updates

• On January 4, 2018, shareholders voted to approve giving the Board of Directors discretion to implement a reverse stock split of not less than 1-for-4 and not more than 1-for-8; and
• Company anticipates current cash position capable of funding operations into the second quarter of 2019.

Upcoming Corporate PresentationIdera Chief Executive Officer, Vincent Milano will provide a corporate overview at the 36th Annual J.P. Morgan Healthcare Conference on Wednesday, January 10, 2018 at 11:00 AM PT/ 2:00 PM ET. The conference is being held at the Westin St. Francis Hotel in San Francisco, CA.A copy of the company’s J.P. Morgan corporate presentation will be posted on the Investor’s page of the company’s corporate website prior to the start of the conference on Monday, January 8, 2018.

Live audio webcast of Idera’s presentations will be accessible in the Investors and Media section of Idera’s website at http://www.iderapharma.com. Archived versions will also be available on the Company’s website after the event for 90 days.

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Workday (WDAY) Announces Resignation of Ann-Marie Campbell from Board
• Meta Platforms Inc. (META) PT Lowered to $480 at JPMorgan, 'Bigger AI Ambitions Drive Increasing Infrastructure Investments'