Syndax Pharmaceuticals, Inc. (SNDX) Earnings Call Transcript & Summary

April 20, 2021

NASDAQ US Health Care Biotechnology special 56 min

Earnings Call Speaker Segments

Briggs Morrison

executive
#1

Good morning, and thank you to everyone for joining us on today's call and webcast to review the exciting interim clinical data from AUGMENT-101, our Phase I/II trial of SNDX-5613 in relapsed and refractory acute leukemia. We especially appreciate our colleagues on the West Coast who may have dialed in at this early hour. Let me start on Slide 2 with our forward-looking statement. We ask that you please reference our SEC documents to see all the various risk factors that come with investing in Syndax. Slide 3 is our presenter for today. We are very pleased to Dr. Eytan Stein from the Memorial Sloan Kettering Cancer Center, the principal investigator for the AUGMENT-101 trial, who will present our current Phase I data. I will make a few introductory comments, then Eytan will present the data. I will close with a few comments outlining the next steps for 5613, as well as some commentary on the significant market opportunity for the drug. We should have about 15 to 20 minutes for questions. Turning to Slide 4. Let me first begin this data presentation by thanking all the patients and their families who have participated in the trial. And the nurses, physicians, study coordinators and other health care workers at our Phase I sites and the Syndax employees who have faithfully and brilliantly conducted this trial during a very challenging and difficult time. We began the AUGMENT-101 trial in November of 2019. The trial has progressed remarkably despite the COVID-19 pandemic. Before I turn things over to Eytan, let me turn to Slide 5 and provide a perspective on the data that we have accumulated today. Our intention at the start of the trial was to only present data once we have completed the Phase I portion of the trial. And you will see today that we are very close to completing the primary objective of the Phase I trial, which is to define a recommended Phase II dose. We have a dose that meets all of our prespecified criteria, from what we are looking for in a recommended Phase II dose, but our investigators are completing their exploration of 1 additional dose cohort. The results of that cohort are unlikely to materially change our approach going forward, and thus, we are eager to present this near final data. I'll also note that AUGMENT-101 is a well-designed and conducted Phase I trial. We are collecting an impressive amount of data as part of the trial, which will, of course, find its way into numerous scientific presentations and publications over time. Today's presentation will focus on the core objectives of the Phase I trial, safety, PK and defining a recommended Phase II dose. Let me also emphasize that the data being presented today is from an ongoing Phase I trial. The data is current as of the cutoff date and yet will continue to be updated over time. I've had the good fortune to oversee the clinical development of a number of important cancer medicines in my career, including most recently, osimertinib, olaparib and durvalumab. Our Chief Medical Officer, Michael Meyers, most recently oversaw the development of bortezomib and abiraterone. It's clear to both of us that the data we are seeing in this Phase I trial of 5613 is highly reminiscent of the early data we saw for those important cancer medicines. 5613 appears to be very well tolerated. No patient has discontinued therapy for drug-related adverse experience. And 5613 monotherapy is showing exciting early signs of clinical responses, both in patients with MLLr leukemias and in patients with NPM1c leukemias with a remarkable overall response rate of 48% in patients with either of these 2 mutations and 2/3 of those CRs we observe are CRs without measurable residual disease or so-called MRD negative. Eytan will explain the significance of CR without measurable residual disease. It's really quite important. With the data we are presenting today, it should be obvious that we are the leading company in the exciting field of menin inhibition, and we have the most clinical data. We're continuing to learn new things about the mechanism as the trial progresses and I will outline the steps we were taking to further our advantage over others entering this exciting field. Let me now turn the presentation over to Dr. Eytan Stein.

Eytan M. Stein

attendee
#2

Thanks, Briggs, for the introduction. For those of you I haven't interacted with previously, I've been an attending physician and clinical investigator on the Leukemia Service in Memorial Sloan Kettering for 8 years, and I focus my research efforts on developing novel targeted therapies for patients with acute leukemias. I'm also fortunate to be the Director of the program for Drug Development in leukemia, a dedicated Phase I program for leukemia and related diseases where we investigate a wide variety of the most novel compounds being brought into clinical trials. You're all aware that acute myeloid leukemia is a terrible disease on the next slide with extremely poor outcomes despite new drug approvals over the past 5 years. One of the bright spots though, has been approval of targeted therapies like FLT3, an IDH inhibitors against specific genetic alterations that are found in AML, but we lack targeted therapies for the large number of other genetic alterations that exist as part of this disease. One reason I'm so excited about menin inhibition is that it now allows us to target 2 other subgroups: patients with chromosomal rearrangements involving the mixed lineage leukemia, or MLL gene, and those are the most common mutations seen in AML, NPM1. You can see here that the annual global incidents for MLL rearranged leukemias is approximately 5,000 to 7,000 cases per year. Though these rearrangements occur in both AML and ALL and there is a special kind of ALL in infants where 80% of those kids will have MLL rearrangements. The 5-year overall survival for adult MLL-rearranged leukemias is less than 25%. Now NPM1-mutant acute myeloid leukemia is more common. It has an annual global incidence of approximately 20,000 cases per year. The 5-year overall survival for adult NPM1 mutant AML is approximately 50%, but the co-occurring mutations with NPM1 really dictate the outcome. So if you have a FLT3 with an NPM1 mutation, those patients have a very poor prognosis and IDH mutation with an NPM1 mutation, those patients have a slightly better prognosis. There are known NPM1 commutations, which I just mentioned, that offer rational combination approaches. And finally, whenever I'm working with a targeted therapy, I ask myself whether doctors outside of major academic medical centers like Memorial Sloan Kettering will have the ability to identify the target of interest at the time of diagnosis or relapse. Luckily, assessment of MLL rearrangements and NPM1 mutations are part of the standard diagnostic workup for AML, not only in the United States but throughout the world. And we generally know whether a patient is MLL rearranged or NPM1 positive within 2 to 7 days after the diagnostic bone marrow biopsy. Next slide. So what's the connection between Menin, MLL rearrangements, NPM1 and leukemia? Well, in the schematic on this slide, you see that the binding of menin to either the wild-type MLL complex for NPM1 mutant AML in the top panel or to the MLL-rearranged fusion transcript in the bottom panel activates a leukemogenic transcriptional program that leads to the development of acute leukemia. The end terminus of the MLL complex binds to menin and what's nice about this, if you move on to the next slide, is that the binding pocket where menin binds to the MLL complex is druggable with menin inhibitors blocking this interaction. So if we go to the next slide and we put this all together, you see that the binding of menin to the MLL complex, whether wild-type like an NPM1 or the rearranged complex as an MLL rearranged leukemias, leads to the transcriptional activation of leukemogenic genes such as HOX and MEIS1. When 5613, the menin inhibitor we are talking about today is introduced, it blocks the menin MLL interaction, which turns off these leukemogenic genes. And that leads to apoptosis and more likely a differentiation program and clinical complete remissions. I'm going to show you some pharmacodynamic data in a few slides that highlights that this seems to be exactly what 5613 is doing in the study subjects. Next slide. So AUGMENT-101, which is the trial we're talking about today, was designed based on regulatory input and then modified based on emerging data. So at initiation, the trial enrolled all comers, regardless of mutational profile with relapsed and refractory acute leukemia, 5613 is an oral drug given twice a day in continuous daily dosing and there was an accelerated titration design that moved into a 3x3 dose escalation. So as the trial progressed, it became clear that patients on strong CYP3A4 inhibitors and in leukemia or acute leukemia, we're talking really about azole antifungals, had a different pharmacokinetic profile than patients not on strong CYP3A4 inhibitors. And because of this, we felt that we had to split the dose escalation into 2 arms. Arm A, for those not on strong CYP3A4 inhibitors and Arm B for those who were on strong CYP3A4 inhibitors. We amended the study to enroll not only adult patients, but also kids from the age of 30 days and above and we restricted the enrollment to patients with MLL rearrangements or NPM1 mutations, because this is the population of interest where we think menin inhibition is really working. Finally, we added the ability to backfill cohorts if a dose level cleared and responses were observed. The key endpoints of this study as in all Phase I studies, our safety, the pharmacokinetic profile of the drug, and establishing a recommended Phase II dose. So we prespecified recommended Phase II dose criteria at the outset of the trial, and they are listed here. Number one, no more than 1 of 6 of the evaluable patients can experience a DLT, at least 2/3 of the patients have to receive greater than or equal to 80% of their dose in cycle 1 and cycle 2. This gives us confidence that the drug is safe not only in the DLT period, but beyond. And finally, the 24-hour AUC has to exceed 15,000 in at least 2/3 of patients. Next slide. Okay. So here's what actually has happened so far. So if you look on the left-hand side, this is Arm A. These are the patients not on a strong CYP3A4 inhibitor. You can see Cohort 1 started at 113 milligrams twice a day, Cohort 2 at 226 milligrams twice a day and cohort 3 at 339 milligrams twice a day. There was 1 DLT in Cohort 2 and 2 DLTs in Cohort 3, all of those DLTs were grade 3 QTC prolongation. We are now enrolling a Cohort 4, which is 276 milligrams twice a day, which is an intermediate dose between Cohort 2 and Cohort 3. On the right-hand side of the slide, you can see Arm B. Again, those patients on a strong CYP3A4 inhibitor. Not surprisingly, the 2 DLTs occur at a lower dose level because the amount of drug in your system is higher when you're on a strong CYP3A4 inhibitor. Those 2 DLTs were at the 226-milligram twice a day dosing level. And similar to Arm A, we're now exploring in the intermediate dosing level between Cohort 1 and Cohort 2, we're calling that Cohort 3, which is 163 milligrams twice a day. Next slide. So we've defined populations both for safety and for the efficacy analysis. The safety population includes all 43 patients who received at least 1 dose of study drug. For the efficacy population, we removed the 8 patients with an MLL rearrangement or an NPM1 mutation. That's not the target population of interest. And we also removed the patients who are currently on treatment but have been on treatment for less than 28 days and have not had a response assessment. It's important to note that within the efficacy population, so within those 31 patients, we are including patients who received at least 1 dose of study drug but may have passed away before getting their response assessment. So if a patient got study drug and passed away on day 2, they are counted as a nonresponder. Next slide. These are the demographics of the patients treated on the study so far. You can see the overall population is 43 patients. And again, this is the safety population. The median age is 54 years old, a little bit younger than you might be used to seeing in a trial of this sort. And that's because, number one, we're enrolling pediatric patients. So there was a 16-year-old that was enrolled. Number two, MLL rearrangements and NPM1 mutations tend to occur in the younger patient population. They're less common in a patient who's 70 or 80 years old. 58% of the patients were women. The baseline performance status is what you normally see in a clinical trial of this sort. The genetics of the enrolled patients are below, 61% of the patients had MLL rearrangements, 21% of the patients had NPM1 mutations. And as I mentioned earlier, 8 patients had neither an MLL rearrangement nor an NPM1 mutation. 34 of the 43 patients had acute myeloid leukemia; 8 of the 43 patients, 19% head acute lymphoblastic leukemia; and 1 patient had something that is intermediate between AML and ALL called mixed phenotype acute leukemia. The median number of prior therapies for the patients on the study were 3. I just want to highlight here just how poor risk this patient population is. And 1of the things you see that shows this is that nearly 40% of the patients had relapsed after a prior allogeneic stem cell transplant. This is a patient population which has an extremely poor prognosis with currently available therapies. 58% of the patients have received prior venetoclax and 9 patients had received some kind of targeted therapy, either a FLT3 inhibitor or an IDH inhibitor. Next slide. What you will see here is the disposition of the patients on study as of the data cutoff. So there are 9 patients who are currently ongoing on study, 34 patients have discontinued treatment, 15 for progressive disease, 8 for an adverse event and 4 discontinued for a good reason, which is they went on to receive an allogeneic stem cell transplant. I'd like to highlight that the 8 patients who discontinued for an adverse event had adverse events that were not related to 5613. Next slide. On this slide, you see the adverse events thought by the study investigator to be related to 5613. So these are related adverse events. The grade 1/2 events are on the left and the grade 3 and higher events are on the right. When I looked at this for the first time, and then I studied it a little bit, my overall take on the data is that 5613 is extremely well tolerated. I do, however, want to draw your attention to 2 particular items. The first is the QTC prolongation of which there were 8 Grade 1 events, 8 Grade 2 events and 6 Grade 3 events. Of course, these grade 3 events were the DLTs I showed you on the previous slide. There were no Grade 4 or higher QT prolongation events and no ventricular arrhythmias. To put this into context, many of our targeted therapies, including gilteritinib and ivosidenib, can cause QT prolongation. And as leukemia physicians, we've all become adept at monitoring EKGs and managing this with dose adjustments if necessary. I also want to point out the 5 patients who had differentiation syndrome, which is a cytokine mediated capillary leak syndrome. Differentiation syndrome occurs when the myeloid blasts are differentiating or maturing into neutrophils. And of course, that's what we want to see in any effective leukemia therapy. Next slide. So what are the treatment goals for patients with relapsed and refractory acute leukemia? So as you might imagine, the first treatment goal is to get rid of the leukemia to eliminate the leukemia. But how do we define whether the leukemia is eliminated? So we define it based on morphologic CR. So what does that mean? That means that you have -- the therapy has reduced the number of blasts to less than 5% of the marrow cellularity. And then that includes categories that include complete remission, complete remission with partial hematologic recovery, complete remission with incomplete platelet count recovery, complete remission with incomplete neutrophil recovery and what we call a morphologic leukemia-free state. So the important point here is that the morphologic CR is important, that means that you've gotten rid of the leukemia to less than 5% blasts in the bone marrow and how you -- the CRC RHRP defines varying levels of blood count recovery. An MRD-negative CR means that by the most sensitive methods we have available to look for any evidence of leukemia cells in the bone marrow, the investigator or whoever is doing the assay is unable to find any evidence of residual leukemia. And that can be done either by multi parametric flow cytometry or by very sensitive molecular testing. So after you eliminate the leukemia, let's look at what's next. So we ask ourselves, if you have less than 5% blast and, in this case it could be MRD-positive or MRD negative, we ask ourselves is the patient eligible for an allogeneic stem cell transplant. If yes, we get them to an allogeneic stem cell transplant. And if no, we want to maintain remission, right? Because if you maintain remission, you avoid infections, you minimize the need for transfusion and you maximize the quality of life. Of course, doing an allogeneic stem cell transplant, you're also trying to maintain that remission. Next slide. So these are the responses that we've seen so far to the 31 patients and the efficacy evaluable population. The overall response rate is really an impressive 48% with 15 of 31 patients achieving a response. Five of those patients had a CR or a CR with partial hematologic recovery, 5 of those patients had a CR with incomplete platelet count recovery, and 5 of those patients had a CRI or an MLFS. I want to point out that the MRD-negative overall response rate, so the levels of measurable residual disease, so no evidence of measurable residual disease, is 67%. So 2/3 of the patients were MRD negative. The overall response rate in the MLL rearranged population was 13 out of 24 patients in the NPM1, mutant population was 2 out of 7 patients. Obviously, the numbers for the NPM1 mutant population are small, and I think we're going to need to wait for larger numbers of NPM1 mutant patients to get a better idea of what the true response rate is. There were 4 MRD-negative patients who went on to receive an allogeneic stem cell transplant. Next slide. Okay. A few more things about the activity of the drug. Their response is observed both in AML and ALL. There are response is observed whether a patient is in Arm A, on without the strong CYP3A4 inhibitor or in Arm B with a strong CYP3A4 inhibitor. There are responses observed in half, 50% of the patients, who had previously undergone an allogeneic stem cell transplant and relapsed. I again want to highlight, this is a patient population that generally and unfortunately, we have no good therapy for. And finally, responses were observed in 9 out of 25 patients who received prior venetoclax. Next slide. So I'm going to take you through 3 patient vignettes, which highlight some important parts of this drug that were not caught on the response slides that I showed you a second ago. So the first is a patient who's 69 years old with an MLL rearranged leukemia. She received intensive induction chemotherapy with HDAC and MVD and then received the targeted FLT3 inhibitor gilteritinib and achieved a complete remission. She subsequently relapsed and went on 5613, 226 milligrams twice a day with the strong CYP3A4 inhibitor, posaconazole. The patient was dose reduced at day 17 because of a grade 2 prolonged QTC. And again, she was reduced to 113 milligrams twice a day. So if you look at the top here, you can see, obviously, she's got leukemia at cycle 1 day 1. By cycle 2, day 1, despite the dose reduction, she achieved a CR with partial hematologic recovery that is MRD negative and then that evolves into a CR with full hematologic recovery that is MRD negative by cycle 4 day 1. So what this highlights is that the responses to this compound seem, at least in this patient, to evolve over time. So you get blast clearance and an MRD negative state by cycle 2 day 1 and complete count recovery by cycle 4, day 1. I do want to highlight that at cycle 9 day 1 the patient had progressive disease, not systemically but in her central nervous system. This highlights also, I think, that 5613 is not found primarily in the central nervous system. And because it doesn't really cross the blood-brain barrier. And because of that, compound might need to think in patients who are high risk for CNS disease that those patients should receive prophylactic intrathecal chemotherapy. Next slide. Okay. So this next patient is a 66-year-old woman with an MLL rearranged leukemia. She got intensive induction chemotherapy with 7+3, achieved a complete remission, went on to receive an allogeneic stem cell transplant, remained in a complete remission, and she is one of these patients that relapsed after her allogeneic stem cell transplant. She received entospletinib at the time of relapse, she was refractory to that, and when on 5613 at a dose of 339 milligrams twice a day without a CYP3A4 inhibitor. She had a prolonged QTC at day 4 -- cycle 1 day 4 and was dose reduced to 226 milligrams twice a day. Again, if you look at the top, you can see that despite the dose reduction, she achieves a CR With incomplete platelet count recovery by cycle 2 day 1. And that evolves into a CR that is MRD-negative by cycle 3 day 1, again, showing you the evolution of responses with this compound. Next slide. The last patient here is a 30-year-old woman, unfortunate 30-year-old woman, with a therapy-related acute myeloid leukemia with an NPM1 mutation. So she received intensive induction chemotherapy with daunorubicin and cytarabine and was -- or the liposomal formulation and was refractory to that. She received 5613 at a dose of 113 milligrams twice a day with posaconazole, she was not dose reduced, did not need to be dose reduced. And again, you see that at cycle 2 day 1 on the top, she had a CRI that was MRD negative. And at cycle 3 day 1, that evolves into a CR that was MRD negative. Next slide. Shown below. dose proportional exposure is achieved across both arms with steady state levels achievable in approximately 2 days and no evidence of drug accumulation. Next slide. So here's that interesting pharmacodynamic activity I was telling you about before. So you'll remember that when menin inhibitors block the interaction of menin and the MLL complex, what was predicted preclinically was that you would get a turning off of the transcriptional activation of leukemogenic genes. And if you look on the left-hand side here, you see in 16 patients how MEIS1 PBX3 and HOXA9, all leukemogenic genes, all really go down by cycle 2, day 1 in the bone marrow samples the patients taken at screening and as I said, at cycle 2 day 1. In addition, on the right-hand side, and this is going to be a discussion for future academic conference, you get the upregulation of differentiation markers, because I firmly believe that one of the ways this drug is working is as a differentiation therapy, as I mentioned earlier, allowing the malignant myeloblast to mature to healthy adult neutrophils. And you can see here the upregulation of these differentiation arms. These gene expression changes are seen across arms, dose ranges and in both MLL rearranged and NPM1 mutant patients. Next slide. So I talked about the prespecified selection criteria for advancing to Phase II. We feel that we've met all 3 of these criteria and that those doses would be 226 milligrams twice a day for those patients not on a strong CYP3A4 inhibitor and 113 milligrams twice a day for those patients who are on strong CYP3A4 inhibitor. That is because, just to remind you what the criteria were, no more than 1 of 6 of the evaluable patients experienced the DLT, at least 2/3 of the patients received greater than or equal to 80% of their dose in cycle 1 and cycle 2. And the 24-hour AUC exceeds 15,000 in at least 2/3 of the patients. The adverse events and response results In the patients who received the candidate recommended Phase II dose are consistent with the overall population. And perhaps, importantly as well, the Grade 3 QTC prolongation at the candidate recommended Phase II dose is 9%. That is consistent with other approved drugs for relapsed and refractory and newly diagnosed acute myeloid leukemia. Next slide. So in conclusion. targeted therapy for MLL rearranged and NPM1 mutant leukemias are desperately needed. That's sort of the understatement, I guess of the week, at least. These patients do horribly and they need something to get their leukemia into remission. 5613 is a well-tolerated oral therapy with a very favorable adverse event profile. We think we've met the criteria to establish a recommended Phase II dose. The pharmacodynamic data is really cool and really interesting because I think it shows target engagement and downregulation of leukemia-causing gene expression. There is evidence of single agent anti-leukemia activity, again with an oral therapy that is well tolerated with an overall response rate of 48%, 67% of those responders achieving an MRD negative status. And this certainly compares favorably with other agents that are available for relapsed and refractory AML. So if you think about the chemotherapy that we give these patients for relapsed and refractory AML, that chemotherapy rarely works. And it has all sorts of really, really difficult side effects for the patients that causes significant toxicity. And finally, the Phase I results in this relapsed and refractory population strongly supports moving 5613 into Phase II and earlier lines of treatment. I always want to see active agents that are being used in relapsed and refractory acute leukemia, certainly 5613, moved earlier up into treatment because you want to give the drugs to patients before they've had a chance to relapse. And with that, I thank you very, very much for your attention, and I'm going to turn it back over to Briggs.

Briggs Morrison

executive
#3

Thanks so much, Eytan. We're very grateful for your leadership of the study, for your very clear explanation of the data. And of course, your perspective on this data given your extensive personal experiencing developing molecular target agents for AML. On Slide 31, I outline our next steps. As we've noted, we have a dose that meets all of our criteria for a recommended Phase II dose, but our investigators are completing their investigation of the 1 additional dose cohort. We anticipate completing these additional cohorts and starting our Phase II expansion cohorts later this quarter. I'll remind you that we have planned 3 Phase II expansion cohorts in the relapsed/refractory setting, MLLr AML, MLLr ALL and NPM1c mutant AML populations. These are 3 parallel and independent Phase II expansion cohorts. We are opening clinical sites across multiple countries to enable rapid enrollment. We anticipate holding our end of Phase I meeting with FDA in the third quarter to discuss whether these expansion cohorts could potentially be registrational and what level of evidence would be needed if they were registered. If all goes well and our data holds up, we potentially have top line data and file our first NDA in 2023. Let me now turn to Slide 32 and share our vision for 5613 as, I think, introduced by Eytan. To introduce this, I want to first touch on a key lesson that Michael Meyers and I have learned over our many years of developing cancer drugs. The earlier you treat patients, the better they do and the longer the patients stay on drug. But to achieve this, you need a drug that works and a drug that is well tolerated for chronic use. We believe we have that in 5613, and our plan is to aggressively move to treating patients as early as possible in their disease course. Our goal, put simply, is to redefine the leukemia patient journey. If we look at patients today, we think there are 3 key goals that need to be addressed. First, get more patients into CR with their initial therapy, and therefore, increase the percent of patients who could potentially progress to curative bone marrow transplant. And for all patients, use long-term maintenance therapy to extend the time that patients are in remission. We are necessarily starting our development program on the far right side of this figure with patients who have relapsed or refractory disease with extremely poor prognosis. In his presentation, Eytan mentioned 4 cases where we can get relapsed patients into remission and allow them to progress to potentially curative bone marrow transplant. This is, of course, incredibly exciting, and yet we believe we can have a much greater impact on the disease by rapidly moving into earlier lines of therapy and into the maintenance setting. As shown on Slide 33, we're planning to initiate trials potentially later this year, in which we ask whether we can increase the CR rate in combination with standard agents used in the first-line setting and additional trials to ask whether 5613 can be used to maintain CRs, whether that occurs with first-line chemo or after transplant. Let me now turn to the final slide and summarize why we are so excited about the 5613 program. It's clear to us that, at least today, we feel like we are the leading company in the exciting field of menin inhibition and that 5613 is well positioned to be the first approved molecule in this important field. In a little over 16 months, in the midst of a global pandemic, our team working closely with investigators like Dr. Stein and with the FDA, has generated a significant Phase I data set, consisting of 41 total patients in 31 patients with MLLr and PM1 C mutations. We've identified a candidate recommended Phase II dose that meets all of our prespecified criteria. And at that dose, 5613 has shown promising responses and good tolerability. We anticipate initiating our pivotal trial this quarter. I think we have a clear and broad development strategy that will further advantage us over others entering this field, including both in frontline and in maintenance settings. As we speak to more and more physicians, we are more and more convinced that menin inhibition, specifically 5613, could potentially be the most important molecularly targeted therapy in acute leukemia, benefiting up to 40% of patients with AML and the 10% to 15% of patients with ALL whose disease is not adequately treated today. With that, let me open the line to questions.

Operator

operator
#4

[Operator Instructions] And your first question comes from the line of Phil Nadeau with Cowen and Company.

Philip Nadeau

analyst
#5

One on side effects and a follow-up on the efficacy. First, on the QTC. We've seen the Grade 3 QTC for the recommended Phase II dose, but I don't believe you broke out the grade 1 and 2 for that dose. So I guess out of completeness, what was the Grade 1 and 2 rates of QTC at the Phase II dose? And how does that inform the overall dose response relationship for QTC and the chances of seeing somewhat different profile as you move into a larger study? .

Briggs Morrison

executive
#6

And what's the second question, Phil?

Philip Nadeau

analyst
#7

And then second is just on duration of response. It seems like 80% of the patients have actually left the study. I'm curious if you have a preliminary early read on the durability of the CRs.

Briggs Morrison

executive
#8

Sure. Let me take the first question first. I don't think I have the exact number on grade 1's, 2's at the recommended Phase II dose. Eytan showed you the numbers of population overall. And again, those Grade 1 and 2 generally are intermittent. So they occur [ accrued funds ] so they don't defer it later on in the study. And none of the grade 1 or 2 is [indiscernible]. For duration, I think the -- we showed some of the vignettes to give you some sense of how the drug is performing. Obviously, it's relatively early in the trial. There are 9 patients still on trial, and we'll update [indiscernible] as we present data later -- potentially later this year at ASH.

Operator

operator
#9

And your next question comes from the line of Bert Hazlett with BTIG.

Robert Hazlett

analyst
#10

Yes. Could you just give us the rates of minimal residual disease by NPM1 and MLLr? I think we have CR -- excuse me, we have a response rate of 29% in NPM1 and 54%. But could you give us the MRD statistics in those groups?

Briggs Morrison

executive
#11

Yes. Bert, again, I don't think I have that number off the top of my head. Remember, there's only -- as of the data cutoff, there are only 2 responses to the NPM1. So I don't know that the relatively small number will be able to break out the MRD negative MLLr versus [indiscernible].

Robert Hazlett

analyst
#12

Okay. Just let me slide in a quicker one. With regard to QTC -- handling the patients with QTC. Would you -- were they mostly dose reduced? And is that a concern as you move -- as you might consider this molecule earlier on?

Briggs Morrison

executive
#13

Right. So the Grade 3 QTCs by protocol requiring us to pause the drug until the QTC adverse experience resolved and then dose reduce, as Eytan showed in a couple of the vignettes, there were 2 of the vignettes were dose reduced, went on to have very nice MRD negative CR. So Eytan, you might want to just comment about sort of the clinical utility and having to monitor for QT.

Eytan M. Stein

attendee
#14

Yes. I mean -- so we monitor for QT prolongation with -- as I mentioned in the talk, we monitor for QT prolongation with a lot of our drugs. So you think about ivosidenib, you think about gilteritinib. I mean we monitor for QT prolongation with Levaquin and with Cipro and when psychiatrists gives Seroquel, they tell you to monitor for QT prolongation. So this is something that we do all the time. And I mean, honestly, not just leukemia doctors, but all doctors. And if you need to, you hold the dose and you wait for the QT to shorten a little bit or you -- there are dose adjustments that can be made. But It's really -- from a clinical perspective, it's really of no clinical import at all.

Operator

operator
#15

And your next question comes from the line of Peter Lawson with Barclays.

Peter Lawson

analyst
#16

Great. Congrats on the data. Maybe a question for Dr. Stein. Just when we look at the kind of QT prolongation, it seems similar to what we see for things like Idhifa. What do you exclude patients for that kind of level of QT prolongation?

Eytan M. Stein

attendee
#17

No. So by the way, Idhifa doesn't have QT prolongation. It's the IDH1 inhibitor that has the QT prolongation. So that's ivosidenib, and the answer is no. I mean, we would never -- at least withhold a treatment like this for a patient because of -- you would certainly never withhold it for a patient because of a concern for QT prolongation. And if they had QT prolongation, you would do everything you possibly could to continue the treatment. These patients have -- I mean, the overall survival of these patients is less than 5% probably at 1 year. So we -- I have -- I mean so just not speaking about 5613, but speaking about like the other drugs that can cause QT prolongation like gilteritinib and ivosidenib, I have never ever withheld a drug from a patient because of that. And I don't know anyone who has.

Peter Lawson

analyst
#18

Thank you for putting it in perspective. And then just the CYP3A4 and QT prolongation that we're seeing with the drug, do you think that changes in any way the combinations that you would want to try, whether it's venetoclax or others?

Briggs Morrison

executive
#19

Yes. Thanks for the question, Peter. I think the -- as Eytan pointed out in his presentation, [ rational ] combination, if you would think about in the NPM1 population based upon -- from mutations, then there are populations with standard agents that are used in the first-line therapy of these patients, whether it be chemotherapy or [indiscernible]. I don't think there's anything in the profile of the drug that would limit us from running those rational combinations and upfront.

Operator

operator
#20

And your next question comes from the line of Justin Walsh with B. Riley Securities.

Justin Walsh

analyst
#21

Are you able to provide any color on additional mutations of the NPM1 patient [ hybrid ]? Just wondering if they had better or worse prognostic factors. And then a sort of follow-up for Dr. Stein. I'm just wondering from your experience treating patients with this drug, what feedback did you receive from the patients with respect to how well -- how tolerable they felt the drug was?

Briggs Morrison

executive
#22

So let me take the first question on the mutation. As I said at the very beginning, there's a ton of data being analyzed as part of this trial. We are doing full exome sequencing on the patient samples. That data is just coming together. So we don't have that in final form. I think a question about the expectations that Eytan pointed out. Patients with NPM1 and permutations tend to have a worse prognosis [indiscernible]. But I think these patients have already declared themselves as having a bad prognosis as they have relapsed/refractory disease [indiscernible] while their previous therapy. So we'll see as we gather all the exome sequencing data, we'll say more about [ NPM1 mutations ]. But Eytan, you might want to comment on your view of patient.

Eytan M. Stein

attendee
#23

Yes. I want to just build on something you just said, Briggs, because I do think this sometimes gets lost. So a patient with an -- there are certain NPM1 mutant patients that, at the time of diagnosis, are considered favorable risk. But any patient who has relapsed and refractory acute leukemia is by definition, unfavorable because they've proved that whatever you thought their favorable risk was at the beginning, it wasn't so favorable or else they wouldn't have relapsed, okay? So that's number one. So in terms of the tolerability of 5613, what I can tell you is that all of the patients that I've personally treated have not had any tolerability issues. They have not had any symptomatic toxicities related to 5613. I think the overall feeling that my patients have are that it's kind of miraculous, right? You hear they're taking an oral pill. They were telling -- because a lot of these patients, they get referred in from places who've told them to go to hospice care. So they're being told they should go to hospice. They're calling us as like a last ditch effort. Maybe we'll have something, and then we give them this pill. And obviously the ones who respond think it's a miracle. They're at home taking a pill and they're in remission. So Overall, that's dramatic, but it's true. And the tolerability is very, very good.

Operator

operator
#24

And your next question comes from the line of David Lebowitz with Morgan Stanley.

David Lebowitz

analyst
#25

If you could break down on the MLLr responders between ALL and AML patients. Also, similarly, could you possibly break down responders based on what dose they received if they receive the CYP3A4 dose level for the non-CYP3A4 dose level?

Briggs Morrison

executive
#26

Yes. David, thanks for your question. So as Eytan pointed out, the responses both in ALL and AML. Again, I just want to put some context. This is an ongoing Phase I trial, with 30 patients have been treated. So I think it's a little hard to -- too much of dissecting of rate of responses in the various subcategories. Obviously, that's what Phase II is for. We dedicated ALL trial in Phase II and a dedicated MLL [ profiling ] in Phase II. Similarly, I think for the dose response, as you saw from the way the trial progressed, relatively small numbers of patients at each dose on each arm. So the numbers are [ very small ].

David Lebowitz

analyst
#27

I think I missed the last part of that. The -- I guess, have there been responses -- I guess, I mean can you at least, I guess, give some sort of qualitative data as to -- did you see some specific responses in the ALL population? Did you see specific certain level of, I guess, responses at the lower dose in the CYP3A4 dose as well?

Briggs Morrison

executive
#28

Yes. So as Eytan point out, we have seen responses both in ALL and in AML and at the recommended Phase II dose, we have seen responses both in Arm A and in Arm B.

Operator

operator
#29

And your next question comes from the line of Colleen Kusy with Baird.

Colleen Hanley

analyst
#30

Congrats on the [ announcement ] this morning. Maybe for Eytan. if you can speak to the Grade 3 adverse events seen in the trials so far beyond QT prolongation and how manageable those are in your experience?

Eytan M. Stein

attendee
#31

Yes. So the Grade 3 adverse events that we saw outside of the QT are all very, very manageable. There are things that we commonly see in patients with acute leukemia. Even if they were correlated by the study investigator. So they are easy to deal with and not a big issue. And the rates of those are very, very low. So I don't think that's an issue. I guess the one thing you might be thinking about is the differentiation syndrome. So the differentiation syndrome, as I mentioned in the talk, is something that's good, it means that your leukemia cells are going away. Differentiation syndrome is seen with a wide variety of drugs now in acute leukemia. So the prototype for differentiation syndrome that caused it was ATRA and arsenic trioxide for acute promyelocytic leukemia. The IDH inhibitors can cause a differentiation syndrome, the gilteritinib can cause a differentiation syndrome. So leukemia docs and oncologists in general know to look out for it. And the good thing about differentiation syndrome is that when it's recognized, it's easily shut off by giving steroids. So you see it -- I mean I had a patient not on a different drug a few weeks ago, who I recognized differentiation syndrome, I started steroids, it went away, and that was it. So it's increasingly recognized and I think recognized by all oncologists and easy to deal with. And the other Grade 3 events, I think, are very low and not of any clinical significant -- I mean they're not something that we can't deal with.

Colleen Hanley

analyst
#32

Great. And maybe for Briggs for the Phase II expansion cohorts, can you -- are there initial thoughts on the expected size of those cohorts and what the bars might be in a separate enrollment cohort?

Briggs Morrison

executive
#33

Yes. So there are initial thoughts, I think we -- the size of those will, in part, depend upon the statistical design of what is the low [indiscernible] response that we have to exclude. And then there will also be a question particularly [indiscernible] overall safety at the time of filing. So those are discussions that Michael and his team will have with the agency at our end of Phase I.

Operator

operator
#34

And we do have a follow-up question from the line of Peter Lawson with Barclays.

Peter Lawson

analyst
#35

Great. I may have missed this, Briggs. Just do we get a sense of the NPM1 patients, were those CRs? And then I've got a quick question for Dr. Stein just around the kind of the real-world use of azoles, and whether patients are complying or not and if an approval would have to require an azole onboard.

Briggs Morrison

executive
#36

Yes. Thanks so much for the follow-up questions, Peter. So the third vignette that Eytan presented was a patient with NPM1 relapsed/refractory disease, went on to have a CR and [indiscernible]. So that's 1 of the 2 responses in NPM1. I will just mention that the additional NPM1 populated patients, we have seen evidence of, I guess, one might call antileukemic activity. It did to reach their criteria for a CR, but it's clear for us we're seeing evidence of equity number. And then Eytan, you'll probably [indiscernible] for azoles.

Eytan M. Stein

attendee
#37

Yes. I'm not sure I got the entire question, but I'll answer what I think I understood, which is that I think the question was around the use of azoles in the real-world setting in patients with acute leukemia. So in patients in many places, not all places, but in many places, in patients who are neutropenic with acute leukemia, they go on azole antifungal prophylaxis. There are 3 azole antifungals that we use most commonly, 2 of them are strong CYP3A4 inhibitors, one of them is not a strong CYP3A4 inhibitor. And which azole the patient gets is often dictated by insurance and not by what the doctor wants to do necessarily. I think one of the good things -- there are many good things about how AZA and venetoclax has been approved, but one of the things that, that approval has done is it's given oncologists and hematologists a lot of experience with modifying dosages of medications because of concomitant azole prophylaxis. So you know that with venetoclax, without a concomitant strong CYP3A4 inhibitor, the dose is 400 milligrams once a day. With the concomitant strong CYP3A4 inhibitor, it's either 100 or 70 milligrams once a day. So we have a lot of experience with these sort of dose reductions. And luckily, a lot of us have and I think most of us have pharmacy staff that we can talk to if we have any questions about this. So to summarize, yes, azoles are used in real-world practice in most places around the country. Some are strong CYP3A4 inhibitors, some are not. And when they are strong CYP3A4 inhibitors, we know how to dose adjust for that drug-drug interaction.

Peter Lawson

analyst
#38

And there's no problem with compliance for the azoles, I guess, I'm just kind of thinking through the order of needing or not needing a strong CYP3A4 inhibitor to change the dose level of the [indiscernible].

Eytan M. Stein

attendee
#39

No. There are no compliance issues. There are no compliance issues. The patients are told that -- I mean all the patients are definitely afraid of getting an infection because they know that the infections are the things that are the most serious complication of acute leukemia. And they're told, you really need to take this, this is going to prevent a fungal infection, which could be very bad. So I have not encountered in -- I haven't encountered in my practice or talking with colleagues, people that Don't want to take azoles.

Operator

operator
#40

And there are no further questions at this time.

Briggs Morrison

executive
#41

Great. Well, thank you, everybody. We're right on the hour. Again, I want to thank Eytan for taking an hour out of his very busy schedule to help put this data in context, and we thank him again for his leadership [ to this project ]. Thank you, Eytan. I think it should be clear that we're quite excited about what we're seeing. And I will say our excitement really stems from the excitement of Eytan and the other principal investigator [indiscernible]. They tell us they're excited, which is what makes us also excited. So thank you very much for your time this morning. Talk to you all again soon.

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