{"id":11707,"date":"2023-05-21T11:07:11","date_gmt":"2023-05-21T15:07:11","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/kinnate-bio-novel-approach-to-braf-class-ii-and-iii-but-uninspiring-data-nasdaqknte\/"},"modified":"2023-05-21T11:07:12","modified_gmt":"2023-05-21T15:07:12","slug":"kinnate-bio-novel-approach-to-braf-class-ii-and-iii-but-uninspiring-data-nasdaqknte","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11707","title":{"rendered":"Kinnate Bio: Novel Approach To BRAF Class II And III, But Uninspiring Data (NASDAQ:KNTE)"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture>  <\/picture><figcaption> <\/figcaption><\/figure>\n<\/p>\n<p>Kinnate Biopharma (<span class=\"ticker-hover-wrapper\">NASDAQ:KNTE<\/span>) develops small molecule kinase inhibitors to treat genomically defined cancers. The company has two molecules in the clinic, exarafenib and KIN-3248.<\/p>\n<p>Exarafenib is an oral, small molecule pan-RAF inhibitor. It is in a phase<span class=\"paywall-full-content invisible\"> 1 trial in patients with advanced solid tumors harboring BRAF-altered and\/or who have NRAS mutant melanoma. This is a two-part dose escalation trial, A and B. A, again, has two parts, A1 and A2. A2 is completed; it evaluated exarafenib as a monotherapy across BRAF alterations and tumor types. A2 is ongoing, evaluating exarafenib in combination with binimetinib, a MEK inhibitor. B is also ongoing; this is a dose expansion part evaluating exarafenib monotherapy at 300 mg bid in patients with BRAF-altered cancers including lung cancer, melanoma and other solid tumors.<\/span><\/p>\n<p class=\"paywall-full-content invisible\">KIN-3248 is a small molecule kinase inhibitor. It<span class=\"paywall-full-content invisible no-summary-bullets\"> targets oncogenic mutations in FGFR2 and FGFR3 genes. These mutations are responsible for driving resistance to current FGFR2- and FGFR3-targeted therapies in intrahepatic cholangiocarcinoma (ICC) and urothelial carcinoma (UC). The company has preclinical data showing inhibition of such clinically relevant mutations. Their aim is to increase the duration of response through this type of inhibition. A first in human safety and tolerability phase 1 study is ongoing in adults with advanced tumors harboring FGFR2 and\/or FGFR3 gene alterations.<\/span><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Here is their clinical pipeline:<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/48328311-16846367023915434.png\" alt=\"KNTE PIPELINE\" contenteditable=\"true\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\">KNTE PIPELINE <span>(KNTE WEBSITE)<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Coming back to exarafenib, this molecule is targeting BRAF\/NRAS mutations. These two mutations together represent a broad population of patients with significant unmet need. BRAF Class II\/III alterations represent 50% of oncogenic BRAF alterations, with an estimated occurrence of 2.1% in solid tumors. NSCLC, CRC, melanoma and prostate are cancers where this commonly occurs, and are associated with comparatively poorer clinical outcomes, with shorter median OS.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The other target is NRAS mutant melanoma, which is a RAF-dependent cancer comprising 20-25% of all melanoma patients. There are no approved targeted therapies, and these patients have poorer clinical outcomes.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">In a phase 1 monotherapy trial whose results were recently published, exarafenib achieved MTD with a best-in-class profile. The molecule achieved substantial exposure at 300 mg bid. However, the safety profile, despite what the company says, could have been better. 2 patients discontinued due to drug related problems. 18% of patients had grade 3 or higher AEs. Most of these were liver toxicities, with AST or ALT increases. Other, possibly liver related AEs, were on the skin, with rash, pruritus and so on. Some of these dose limiting toxicities were at the highest dose tested, 400 mg bid, however the company does not offer details about which doses saw the liver tox.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The difference between exarafenib and currently available RAF inhibitors like Pfizer\u2019s Braftovi, Novartis\u2019 Tafinlar and Roche\u2019s Zelboraf is that these earlier ones target class I BRAF kinase mutations, while exarafenib also target class II and III mutations. These currently untargeted mutations constitute around 55% of oncogenic BRAF mutations.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The trial showed early signs of efficacy. There were 6 PRs in all, including 5 RECIST confirmed. There was a 30% ORR in Class II &amp; NRAS (3 of 10) at 300 mg bid, with an average of 61% tumor reduction and 7 months duration of treatment in responders Class II. Other key highlights:<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>\n<p>33% (1 of 3) ORR at 300 mg bid<\/p>\n<\/li>\n<li>\n<p>71% (5 of 7) tumor reduction across doses<\/p>\n<\/li>\n<li>\n<p>86% (6 of 7) DCR across doses NRAS<\/p>\n<\/li>\n<li>\n<p>29% (2 of 7) ORR at 300 mg bid<\/p>\n<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The other program, KIN-3248, is running a phase 1 trial and does not have clinical data. In preclinical trials, KIN-3248 showed that it can directly target FGFR2\/3 Driver alterations and acquired resistance mechanisms. In an in vivo setting, it also demonstrated tumor reductions in the face of FGFR2 resistance.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Financials<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">KNTE has a market cap of $186mn and a cash balance of $231mn. First quarter research and development expenses for 2023 were $26.5 million, while general and administrative expenses were $8.1 million. That gives them a cash runway of some 5 quarters.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The stock is heavily fund owned. Early investors, Foresite and Orbimed are the largest holders. Insider transactions mostly constitute purchases by these funds, who have added to their positions recently.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Risks<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">When a company has more cash than market cap, it is a warning signal. A company\u2019s market cap is, broadly, a sum of its cash, management and pipeline, i, its assets. It is simple arithmetic to see that the market is putting a very low value to its pipeline and management.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The liver toxicity seen in the trial has not been commented upon by management. It could be nothing, because we don\u2019t know how much it was, how it was resolved, and in which doses it occurred. However, it is still a bad sign.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Bottomline<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">There\u2019s not much here. The approach to Class II and III BRAF is interesting, however, the RAF class is a tough nut to crack, and we will want to see a lot more data before we can form an opinion.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4606340-kinnate-bio-novel-approach-to-braf-class-ii-and-iii-but-uninspiring-data?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kinnate Biopharma (NASDAQ:KNTE) develops small molecule kinase inhibitors to treat genomically defined cancers. The company has two molecules in the clinic, exarafenib and KIN-3248. Exarafenib is an oral, small molecule pan-RAF inhibitor. It is in a phase 1 trial in patients with advanced solid tumors harboring BRAF-altered and\/or who have NRAS mutant melanoma. This is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-11707","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kinnate Bio: Novel Approach To BRAF Class II And III, But Uninspiring Data (NASDAQ:KNTE) | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Kinnate Biopharma (NASDAQ:KNTE) develops small molecule kinase inhibitors to treat genomically defined cancers. 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