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Aptevo Therapeutics Highlights Key Features of Its ADAPTIR™ Protein Therapeutic Platform at Two Industry Conferences

SEATTLE, June 07, 2017 (GLOBE NEWSWIRE) -- Aptevo Therapeutics Inc. (Nasdaq:APVO), a biotechnology company focused on developing novel immuno-oncology and hematology therapeutics, announced today that aspects of its ADAPTIR™ protein therapeutic platform were showcased recently at the Americas Antibody Congress 2017 in San Diego, May 23-24, 2017, and at the 2017 Next Generation Protein Therapeutics Summit in San Diego, June 5-7, 2017.

In a presentation entitled, “From the Bench to the Clinic: Developing Next Generation ADAPTIR molecules,” Dr. David Bienvenue, Senior Director, Protein Sciences, presented an overview of the key differentiating features of Aptevo’s ADAPTIR technology.  The presentation highlighted the activity, stability and manufacturability of ADAPTIR bispecifics and included recent data for a lead preclinical candidate, APVO436, which targets CD123 and CD3.  APVO436 has shown potent biological activity in preclinical studies and is advancing towards first-in-human clinical trials.

“Aptevo’s ADAPTIR therapeutic protein platform offers important advantages over other bispecific antibody formats,” remarked Dr. Bienvenue.  “First, the flexible and modular nature of the ADAPTIR structure provides the ability to engineer protein therapeutics that can engage the immune system through diverse mechanisms of action, including redirected T-cell cytotoxicity, targeted cytokine delivery and receptor blockade, among others.  Second, the unique homodimeric structure enables the easy assembly and screening of new drug candidates, while avoiding the pitfalls encountered with heterodimeric bispecific formats.  Recent improvements to the ADAPTIR scaffold and screening processes have led to candidates with increased expression levels, stability, and improved serum half-life (up to 12.5 days in rodents), while retaining traditional antibody-like manufacturing characteristics. These enhanced features enable the design and development of custom-engineered protein therapeutics with novel mechanisms of action and highly favorable supply economics.  We believe this optimally positions our ADAPTIR candidates vis-à-vis other immunotherapy strategies.”   

ADAPTIR Pipeline

Two first generation ADAPTIR molecules are currently in clinical development: MOR209/ES414, which is being investigated in a Phase 1, dose escalation, continuous infusion study to evaluate safety and tolerability in patients with metastatic castration resistant prostate cancer; and, otlertuzumab, a monospecific antibody targeting CD37 under investigation for the treatment of chronic lymphocytic leukemia.  In addition, Aptevo has several ADAPTIR candidates in preclinical development, including: a next generation bispecific antibody candidate targeting ROR1-expressing tumor cells, under development for the treatment of hematological and solid tumors; and, APVO436 – an optimized, next generation bispecific antibody candidate designed to simultaneously target CD123 and CD3 and redirect T-cell cytotoxicity for the treatment of acute myelogenous leukemia (AML), a form of blood and bone marrow cancer.

Preclinical data presented by Dr. Bienvenue show that APVO436 can potently and selectively induce tumor-specific immune responses and T-cell mediated cytotoxicity in vitro and in vivo through the dual targeting of CD123 (a cell surface receptor highly expressed in several hematological malignancies) and CD3 (a member of the T-cell receptor complex that promotes T-cell activation and T-cell mediated cytotoxicity.)   In these studies, APVO436 dose-dependently inhibited tumor growth and significantly prolonged survival compared to vehicle-treated animals in a Xenograft tumor model of AML.

“We’re excited about the enhancements to our next generation ADAPTIR platform and our ability to engineer novel bispecific antibody therapeutics against a broad range of disease targets,” said Dr. Bienvenue.  “Aptevo is focusing its efforts initially in immuno-oncology as we’ve seen encouraging in vitro and in vivo data with our preclinical ADAPTIR candidates at low concentrations showing potent and selective T-cell engagement and tumor lysis (killing).  We look forward to presenting additional data from these programs later this year.”

ADAPTIR Technology Platform – Key Differentiating Features

  • Flexible, modular, adaptable structure promotes versatile functionality
    • Adaptable for production of T-cell engagers, targeted cytokine delivery, targeted activation of immune cells, neutralization of soluble factors, receptor blockade
    • Candidate screening in bispecific format to rapidly identify leads with the desired activity and stability
  • A bispecific technology that retains monoclonal antibody-like characteristics
    • Bivalent binding to targets, leveraging avidity for tight binding and potential for increased potency
    • High expression levels using a single cell line production process
    • Standardized process, analytical and formulation development that facilitate rapid advancement to the clinic
    • Predictable and superior manufacturing attributes and highly favorable supply side economics
    • Extended serum half-life of up to 12.5 days in rodents
    • Optimized stability (with an emphasis on enhanced functional, conformational and colloidal properties)
    • Fully human sequences with reduced potential for immunogenicity

About Aptevo Therapeutics Inc.

Aptevo Therapeutics Inc. is a biotechnology company focused on novel oncology and hematology therapeutics to meaningfully improve patients’ lives. Our core technology is the ADAPTIR modular protein technology platform. Aptevo has four commercial products in the areas of hematology and infectious diseases, as well as various investigational stage product candidates in immuno-oncology.

Safe Harbor Statement

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including, without limitation, statements regarding Aptevo’s outlook, financial performance or financial condition, our technology and related pipeline, collaboration and partnership opportunities, commercial portfolio, Aptevo’s future growth rates, Aptevo’s ability to timely manufacture its products, and any other statements containing the words “believes,” “expects,” “anticipates,” “intends,” “plans,” “forecasts,” “estimates,” “will” and similar expressions are forward-looking statements. These forward-looking statements are based on Aptevo’s current intentions, beliefs and expectations regarding future events. Aptevo cannot guarantee that any forward-looking statement will be accurate. Investors should realize that if underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could differ materially from Aptevo’s expectations. Investors are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, Aptevo does not undertake to update any forward-looking statement to reflect new information, events or circumstances.

There are a number of important factors that could cause our actual results to differ materially from those indicated by such forward-looking statements, including possible negative effects on our business operations, assets or financial results as a result of the separation; a deterioration in our business or prospects; the ability of our contractors and suppliers to supply product and materials;  our ability and the ability of our contractors and suppliers to maintain compliance with cGMP and other regulatory obligations; the results of regulatory inspections; adverse developments in our customer-base or markets and our ability to retain patients; adverse developments in the U.S. or global capital markets, credit markets or economies generally; and changes in regulatory, social and political conditions. Additional risks and factors that may affect results are set forth in our filings with the Securities and Exchange Commission, including Aptevo’s most recent Annual Report on Form 10-K, as filed on March 15, 2017, and our subsequent reports on Form 10-Q and current reports on Form 8-K. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement.

Aptevo TherapeuticsStacey Jurchison
Senior Director, Investor Relations and Corporate Communications

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Aptevo Therapeutics