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GTBP US Equity

GT Biopharma, Inc.Health Care · Pharmaceutical Preparations · CIK 109657 · FY ends Dec 31
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GTBP · 10-K · period ended 2020-12-31

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filed 2021-04-16 · EDGAR original ↗

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10-K

1

gtbp_10k.htm

ANNUAL REPORT

gtbp_10k

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 FORM 10-K

ANNUAL

REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE

SECURITIES EXCHANGE ACT OF 1934

For the

fiscal year ended December 31, 2020

Commission

File Number: 000-08092

GT BIOPHARMA, INC.

(Exact

name of Registrant as specified in its charter)

(State of incorporation or organization) (I.R.S. Employer Identification No.)

9350

Wilshire Blvd.

Suite

203

Beverly Hills, CA 90212

(Address

of principal executive offices) (Zip code)

(800) 304-9888

(Registrant’s

telephone number including area code) Securities registered

pursuant to Section 12(b) of the Act: None.

Securities

registered pursuant to section 12(g) of the Act:

Title of Securities Exchanges on which Registered

Common Stock, $.001 Par Value None

Indicate

by check mark if the registrant is a well-known seasoned issuer, as

defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate

by check mark if the registrant is not required to file reports

pursuant to Section 13 or Section 15(d) of the Act. Yes

☐ No ☒

Indicate

by check mark whether the registrant (1) has filed all reports

required to be filed by Section 13 or 15(d) of the Securities

Exchange Act of 1934 during the preceding 12 months (or for such

shorter period that the registrant was required to file such

reports), and (2) has been subject to such filing requirements for

the past 90 days. Yes ☒ No ☐

Indicate

by check mark whether the registrant has submitted electronically

and posted on its corporate website, if any, every Interactive Data

File required to be submitted and posted pursuant to Rule 405 of

Regulation S-T during the preceding 12 months (or for such shorter

period that the registrant was required to submit and post such

files). Yes ☒ No ☐

Indicate

by check mark if disclosure of delinquent filers pursuant to Item

405 of Regulation S-K (§229.405) is not contained herein, and

will not be contained, to the best of registrant’s knowledge,

in definitive proxy or information statements incorporated by

reference in Part III of this Form 10-K or any amendment to this

Form 10-K. Yes ☐ No ☒

Indicate

by check mark whether the registrant is a large accelerated filer,

an accelerated filer, a non-accelerated filer, a smaller reporting

company, or emerging growth company. See the definitions of

“large accelerated filer,” “accelerated

filer,” “smaller reporting company,” and

“emerging growth company” in Rule 12b-2 of the Exchange

Act.

Large accelerated filer ☐ Accelerated filer ☐

Emerging growth company ☐

If an

emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange Act. ☐

Indicate

by check mark whether the registrant is a shell company (as defined

in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The

aggregate market value of the registrant’s common stock,

$0.001 par value per share, held by non-affiliates on June 30, 2020

was approximately $8.9 million. As of April 12, 2021, there were

28,393,960 shares of the registrant’s common stock, $0.001

par value, issued or issuable and outstanding.

Table

of Contents

PART I 1

Item 1. Business 1

Item 1A. Risk Factors 10

Item 1B. Unresolved Staff Comments 34

Item 2. Properties 34

Item 3. Legal Proceedings 34

Item 4. Mine Safety Disclosures 34

Item 6. Selected Financial Data 36

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 43

Item 8. Financial Statements and Supplementary Data 43

Item 9A. Controls and Procedures 43

Item 9B. Other Information 44

PART III 44

Item 10. Directors, Executive Officers and Corporate Governance 44

Item 11. Executive Compensation 47

Item 14. Principal Accounting Fees and Services 54

Item 15. Exhibits, Financial Statement Schedules 55

PART I

CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This

Report, including any documents which may be incorporated by

reference into this Report, contains “Forward-Looking

Statements” within the meaning of Section 27A of the

Securities Act of 1933, as amended, and Section 21E of the

Securities Exchange Act of 1934, as amended. All statements other

than statements of historical fact are “Forward-Looking

Statements” for purposes of these provisions, including our

plans of operation, any projections of revenues or other financial

items, any statements of the plans and objectives of management for

future operations, any statements concerning proposed new products

or services, any statements regarding future economic conditions or

performance, and any statements of assumptions underlying any of

the foregoing. All Forward-Looking Statements included in this

document are made as of the date hereof and are based on

information available to us as of such date. We assume no

obligation to update any Forward-Looking Statement. In some cases,

Forward-Looking Statements can be identified by the use of

terminology such as “may,” “will,”

“expects,” “plans,”

“anticipates,” “intends,”

“believes,” “estimates,”

“potential,” or “continue,” or the negative

thereof or other comparable terminology. Although we believe that

the expectations reflected in the Forward-Looking Statements

contained herein are reasonable, there can be no assurance that

such expectations or any of the Forward-Looking Statements will

prove to be correct, and actual results could differ materially

from those projected or assumed in the Forward-Looking Statements.

Future financial condition and results of operations, as well as

any Forward-Looking Statements are subject to inherent risks and

uncertainties, including any other factors referred to in our press

releases and reports filed with the Securities and Exchange

Commission. All subsequent Forward- Looking Statements attributable

to the company or persons acting on its behalf are expressly

qualified in their entirety by these cautionary statements.

Additional factors that may have a direct bearing on our operating

results are described under “Risk Factors” and

elsewhere in this report.

Introductory Comment

Throughout

this Annual Report on Form 10-K, the terms “GTBP,”

“we,” “us,” “our,” “the

company” and “our company” refer to GT Biopharma,

Inc., a Delaware corporation formerly known as DDI Pharmaceuticals,

Inc., Diagnostic Data, Inc. and Oxis International, Inc., together

with our subsidiaries.

ITEM 1. BUSINESS

We are

a clinical stage biopharmaceutical company focused on the

development and commercialization of novel immuno-oncology products

based off our proprietary Tri-specific Killer Engager

(TriKETM) fusion protein immune cell engager technology

platform. Our TriKE platform generate proprietary therapeutics

designed to harness and enhance the cancer killing abilities of a

patient’s own natural killer cells, or NK cells. Once bound

to an NK cell, our moieties are designed to enhance the NK cell,

and precisely direct it to one or more specifically-targeted

proteins expressed on a specific type of cancer cell or virus

infected cell, ultimately resulting in the targeted cell’s

death. TriKE can be designed to target any number of tumor antigens

on hematologic malignancies, sarcomas or solid tumors and do not

require patient-specific customization.

We are

using our TriKE platform with the intent to bring to market

immuno-oncology products that can treat a range of hematologic

malignancies, sarcoma and solid tumors. The platform is scalable,

and we are putting processes in place to be able to produce

IND-ready moieties in a timely manner after a specific TriKE

conceptual design. After conducting market and competitive

research, specific moieties can then be advanced into the clinic on

our own or through potential collaborations with larger companies.

We are also evaluating, in conjunction with our Scientific Advisory

Board, additional moieties designed to target different tumor

antigens. We believe our TriKE may have the ability, if approved

for marketing, to be used as a monotherapy, augment the current

monoclonal antibody therapeutics, be used in conjunction with more

traditional cancer therapy and potentially overcome certain

limitations of current chimeric antigen receptor, or CAR-T,

therapy.

We are

also using our TriKE platform to develop therapeutics useful for

the treatment of infectious disease such as for the treatment of

patients infected by the human immunodeficiency virus (HIV). While

the use of anti-retroviral drugs has substantially improved the

health and increased the longevity of individuals infected with

HIV, these drugs are designed to suppress virus replication to help

modulate progression to AIDS and to limit further transmission of

the virus. Despite the use of anti-retroviral drugs, infected

individuals retain reservoirs of latent HIV-infected cells that,

upon cessation of anti-retroviral drug therapy, can reactivate and

re-establish an active HIV infection. For a curative therapy,

destruction of these latent HIV infected cells must take place. The

HIV-TriKE contains the antigen binding fragment (Fab) from a

broadly-neutralizing antibody targeting the HIV-Env protein. The

HIV-TriKE is designed to target HIV while redirecting NK cell

killing specifically to actively replicating HIV infected cells.

The HIV-TriKE induced NK cell proliferation, and demonstrated the

ability in vitro to reactivate and kill HIV-infected T-cells. These

findings indicate a potential role for the HIV-TriKE in the

reactivation and elimination of the latently infected HIV reservoir

cells by harnessing the NK cell’s ability to mediate the

antibody-directed cellular cytotoxicity (ADCC).

Our

initial work has been conducted in collaboration with the Masonic

Cancer Center at the University of Minnesota under a program led by

Dr. Jeffrey Miller, the Deputy Director. Dr. Miller is a recognized

leader in the field of NK cell and IL-15 biology and their

therapeutic potential. We have exclusive rights to the TriKE

platform and are generating additional intellectual

prop

1

Immuno-Oncology Platform

Tri-specific Killer Engagers (TriKEs)

The

generation of chimeric antigen receptor, or CAR, expressing T cells

from monoclonal antibodies has represented an important step

forward in cancer therapy. These therapies involve the genetic

engineering of T cells to express either CARs, or T cell receptors,

or TCRs, and are designed such that the modified T cells can

recognize and destroy cancer cells. While a great deal of interest

has recently been placed upon chimeric antigen receptor T, or

CAR-T, therapy, it has certain limitations for broad potential

applicability because it can require an individual approach that is

expensive and time consuming, and may be difficult to apply on a

large scale. NK cells represent an important immunotherapeutic

target as they are involved in tumor immune-surveillance, can

mediate antibody- dependent cell-mediated cytotoxicity (ADCC),

contain pre-made granules with perforin and granzyme B and can

quickly secrete inflammatory cytokines, and unlike T cells they do

not require antigen priming and can kill cells in the absence of

major histocompatibility complex (MHC) presentation of antigens. We

believe there is a continued medical need for targeted

immuno-oncology therapies that can have the potential to be dosed

in a patient-friendly outpatient setting, can be used on a

stand-alone basis, augment the current monoclonal antibody

therapeutics or be used in conjunction with more traditional cancer

therapy. We believe our TriKE constructs have this potential and

therefore we have generated, and intend to continue to generate, a

pipeline of product candidates to be advanced into the clinic on

our own or through potential collaborations with larger

companies.

GTB-3550 TriKETM and GTB-3550 TriKETM Phase I/II Clinical

Trial

GTB-3550 is the Company's first TriKETM product candidate

which is a single-chain, tri-specific recombinant fusion protein

construct composed of the variable regions of the heavy and light

chains of anti-CD16 and anti-CD33 antibodies and a modified form of

IL-15. The GTB-3550 Phase I/II clinical trial for treatment of

patients with CD33-expressing, high risk myelodysplastic syndromes,

refractory/relapsed acute myeloid leukemia or advanced systemic

mastocytosis opened for patient enrollment September 2019. The

clinical trial is being conducted at the University of

Minnesota’s Masonic Cancer Center in Minneapolis, Minnesota

under the direction of Dr. Erica Warlick. Additional clinical trial

sites planned as we progress to the Phase II expansion part of the

clinical trial.

NK

cells represent an important immunotherapeutic target as they are

involved in tumor immune-surveillance, can mediate antibody-

dependent cell-mediated cytotoxicity (ADCC), contain pre-made

granules with perforin and granzyme B and can quickly secrete

inflammatory cytokines, and unlike T cells they do not require

antigen priming and can kill cells in the absence of major

histocompatibility complex (MHC) presentation.

Unlike

full-length antibodies, TriKE constructs are composed of a

single-chain fusion protein that binds the CD16 receptor of NK

cells directly producing a potent and lasting cytotoxic killing

response, interleukin 15 (IL-15) to promote NK cell activation,

persistence and proliferation, and a cancer cell targeting moiety.

An additional benefit TriKE may have been attractive

biodistribution, as a consequence of their smaller size, which we

expect to be important in the treatment of solid tumors. In

addition to these advantages, TriKE is designed to be

non-immunogenic, have appropriate clearance properties, and can be

engineered quickly to target a variety of tumor

antigens.

Background and Select Non-Clinical Data

In

conjunction with our research agreement with the Masonic Cancer

Center at the University of Minnesota, the exploration of targeting

NK cells to a variety of tumors initially focused on novel

bi-specific killer engagers, or BiKEs, composed of the variable

portions of antibodies targeting the CD16 activating receptor on NK

cells and CD33 (AML and MDS; see figure below), CD19/CD22 (B cell

lymphomas), or EpCAM (epithelial tumors (breast, colon, and lung))

on the tumor cells.

2

Subsequently,

a tri-specific (TriKE) construct that replaced the linker molecule

between the CD16 scFv and the CD33 scFv with a modified IL-15

molecule, containing flanking sequences, was generated and tested.

Data indicate that the CD16 x IL-15 x CD33 and CD16 x IL-15 x EpCAM

TriKEs potently induce proliferation of healthy donor NK cells,

possibly greater than that induced by exogenous IL-15, which is

absent in the BiKE platform. Targeted delivery of the IL-15 through

the TriKE also resulted in specific expansion of the NK cells

without inducing T cell expansion on post-transplant patient

samples.

When

compared to the CD16 x CD33 BiKE, the CD16 x IL-15 x CD33 TriKE is

also capable of potently restoring killing capacity of post-

transplant NK cells against CD33-expressing HL-60 Targets and

primary AML blasts. These results demonstrated the ability to

functionally incorporate an IL-5 cytokine into the BiKE platform

and also demonstrated the possibility of targeting a variety of

cytokines directly to NK cells while reducing off-target effects

and the amount of cytokines needed to obtain biologically relevant

function.

The

figure below is a schematic of a BiKE construct (top) and a TriKE

construct (bottom), which has the modified IL-15 linker between the

CD16 scFv and the CD33 scFv components.

The

TriKE constructs were also tested against three separate human

tumor cell lines: HL-60 (promyelocitic leukemia), Raji

(Burkitt’s lymphoma), and HT29 (colorectal adenocarcinoma),

in addition to a model for ovarian cancer. All cell lines contained

the Luc reporter to allow for in vivo imaging of the tumors. These

systems were used to show in vivo efficacy of BiKE (1633) and TriKE

(GTB-3550) against relevant human tumor targets (HL-60-luc) over an

extended period of time. The system consisted of initial

conditioning of mice using radiation (250-275 cGy), followed by

injection of the tumor cells (I.V. for HL-60-luc and Raji-luc,

intra-splenic for HT29-luc and IP for ovarian for MA-148-luc), a

three-day growth phase, injection of human NK cells, and repeated

injection of the drugs of interest, BiKE and TriKE (three to five

times a week). Imaging was carried out at day 7, 14, and 21, and

extended as needed.

3

Figure

A below shows the results (tumor burden and mortality) when dosing

NK cells alone (top panel), the BiKE version (lacking IL-15) of

GTB-3550 (middle panel; called 1633), and the TriKE, GTB-3550

(bottom panel; then called 161533) in the above human tumor model,

HL-60-luc. In the NK-cell-only arm, two out of the five mice were

dead by day 21 with two of the surviving mice having extensive

tumor burden as depicted by the colored images. In contrast, all

five mice in each of the BiKE and TriKE arms survived. In addition,

the tumor burden in the TriKE-treated mice was significantly less

than in the BiKE-treated mice, demonstrating the improved efficacy

from NK cells in the TriKE-treated mice.

Based

on these results, and others, the IND for GTB-3550 was filed in

June 2017 by the University of Minnesota. FDA requested that

additional preclinical toxicology be conducted prior to initiating

clinical trials. The FDA also requested some additional information

and clarifications on the manufacturing (CMC) and clinical

packages. The requested additional information and clarifications

were completed and incorporated by us into the IND in eCTD format.

We filed the IND amendment in June 2018 and announced on November

1, 2018 that we had received notification from the FDA that the IND

was open and the Company was authorized to initiate a

first-in-human Phase 1 study with GTB-3550 in AML, MDS and severe

mastocytosis. We began the Phase 1 clinical trial in September

2019.

4

Generation of humanized single-domain antibody targeting CD16 for

incorporation into the TriKE platform

To

develop second generation TriKEs, we designed a new humanized CD16

engager derived from a single-domain antibody. While scFvs consist

of a heavy and a light variable chain joined by a linker,

single-domain antibodies consist of a single variable heavy chain

capable of engaging without the need of a light chain counterpart

(see figure below).

5

These

single-domain antibodies are thought to have certain attractive

features for antibody engineering, including physical stability,

ability to bind deep grooves, and increased production yields,

amongst others. Pre-clinical studies demonstrated increased

activity (NK Cell Degranulation) and functionality (NC Cell

Cytokine Production) of the single-domain CD16 TriKE (GTB-C3550)

compared to the original TriKE (GTB-3550) (see figure below). These

data were presented at the 2017 American Society of Hematology

Conference.

Targeting Solid Tumors and Other Potentially Attractive

Characteristics

Unlike

full-length antibodies, TriKE is composed of a single-chain fusion

protein that binds the CD16 receptor of NK cells directly producing

a potentially more potent and lasting response as demonstrated by

preclinical studies. An additional benefit due to the smaller size

of TriKE is enhanced biodistribution which we expect to be

important in the treatment of solid tumors. In addition to these

potential advantages, TriKE is designed to be non-immunogenic, have

appropriate clearance properties and can be engineered quickly to

target a variety of tumor antigens. We believe these attributes

make them an ideal pharmaceutical platform for potentiated NK

cell-based immunotherapies and have the potential to overcome some

of the limitations of CAR-T therapy and other antibody

therapies.

Examples

of our earlier stage solid tumor targeting product candidates are

focused on EpCAM, Her2, Mesothelin (mesothelioma and lung

adenocarcinoma), and CD133 alone and in combination. We believe

certain of these constructs have the potential to target prostate,

breast, colon, ovarian, liver, and head and neck cancers. Depending

on the availability of drug supply, we hope to initiate human

clinical testing for certain of our solid tumor product candidates

in 2021.

Efficient Advancement of Potential Future Product Candidates

--Production and Scale Up

We are

using our TriKE platform with the intent to bring to market

multiple immuno-oncology products that can treat a range of

hematologic malignancies, sarcomas and solid tumors. The platforms

are scalable, and we are currently working with several third

parties investigating the optimal GMP production expression system

for TriKE constructs.

We

believe TriKE will have the ability, if approved for marketing, to

be used on a stand-alone basis, augment the current monoclonal

antibody therapeutics, or be used in conjunction with more

traditional cancer therapy and potentially overcome certain

limitations of current chimeric antigen receptor, or CAR-T,

therapy.

Immuno-Oncology Product Candidates

We are initially targeting certain hematologic malignancies as we

believe our product candidates may have certain advantages over

existing and other in-development products.

Our TriKE product candidates, GTB-3550 and GTB-C3550, are

single-chain, tri-specific scFv recombinant fusion proteins

composed of the variable regions of the heavy and light chains (or

heavy chain only) of anti-CD16 antibodies, wild-type or a modified

form of IL-15 and the variable regions of the heavy and light

chains of an antibody designed to precisely target a

specific tumor antigen. We

utilize the NK stimulating cytokine human IL-15 as a

crosslinker between the two scFvs which is designed to provide a

self-sustaining signal leading to the proliferation and activation

of NK cells thus enhancing their ability to kill cancer cells

mediated by antibody-dependent

cell-mediated cytotoxicity (ADCC).

6

GTB-3550

GTB-3550

is our first TriKE product candidate. It is a single-chain,

tri-specific scFv recombinant fusion protein conjugate composed of

the variable regions of the heavy and light chains of anti-CD16 and

anti-CD33 antibodies and a modified form of IL-15. We intend to

study this anti-CD16-IL-15-anti-CD33 TriKE in CD33 positive

leukemias, a marker expressed on tumor cells in acute myelogenous

leukemia, or AML, myelodysplastic syndrome, or MDS, and other

hematopoietic malignancies. CD33 is primarily a myeloid

differentiation antigen with endocytic properties broadly expressed

on AML blasts and, possibly, some leukemic stem cells. CD33 or

Siglec-3 (sialic acid binding Ig-like lectin 3, SIGLEC3, SIGLEC3,

gp67, p67) is a transmembrane receptor expressed on cells of

myeloid lineage. It is usually considered myeloid-specific, but it

can also be found on some lymphoid cells. The anti-CD33 antibody

fragment that will be used for these studies was derived from the

M195 humanized anti-CD33 scFV and has been used in multiple human

clinical studies. It has been exploited as target for therapeutic

antibodies for many years. We believe the recent approval of the

antibody-drug conjugate gemtuzumab validates this targeted

approach.

About High-Risk

Myelodysplastic Syndromes

MDS is

a rare form of bone marrow-related cancer caused by irregular blood

cell production within the bone marrow. As a result of this

irregular production, MDS patients do not have sufficient normal

red blood cells, white blood cells and/or platelets in circulation.

High-risk MDS is associated with poor prognosis, diminished quality

of life, and a higher chance of transformation to acute myeloid

leukemia. Approximately 40% of patients with High-Risk MDS

transform to AML, another aggressive cancer with poor

outcomes.

About Acute Myeloid Leukemia

Acute

myeloid leukemia is a type of cancer in which the bone marrow makes

abnormal myeloblasts (a type of white blood cell), red blood cells,

or platelets. According to the National Cancer Institute (NCI), the

five-year survival rate is about 35% in people under 60 years old,

and 10% in people over 60 years old. Older people whose health is

too poor for intensive chemotherapy have a typical survival of five

to ten months. AML accounts for roughly 1.8% of cancer deaths in

the United States.

About GTB-3550 TriKETM Clinical Trial

We

opened our GTB-3550 Phase I/II clinical trial in September 2019,

and enrolled our first patient in January 2020. Patients with CD33+

malignancies (primary induction failure or relapsed AML with

failure of one reinduction attempt or high-risk MDS progressed on

two lines of therapy) age 18 and older are eligible

(ClinicalTrials.gov Identifier NCT03214666). The primary endpoint is to

identify the maximum tolerated dose (MTD) of GTB-3550 TriKETM.

Correlative objectives include the number, phenotype, activation

status and function of NK cells and T cells.

Our Strategy

Our

goal is to be a leader in immuno-oncology therapies targeting a

broad range of indications including hematological malignancies,

sarcoma and solid tumors. Key elements of our strategy are

to:

Rapidly advanced our Tri-specific Killer Engagers (TriKEs),

GTB-3550 and GTB-C3550

Our

TriKE product candidates have the potential to be groundbreaking

therapies targeting a broad range of hematologic malignancies,

sarcomas and solid tumors. We are preparing to study GTB-3550, an

anti-CD16-IL-15-anti-CD33 TriKE in CD33 positive leukemias, a

marker expressed on tumor cells in AML, MDS and other myeloid

malignancies. We began a Phase 1 clinical trial in September 2019

and enrolled our first patient in January 2020 for patients with

relapsed/refractory AML. The Phase 1 trial will be a dose finding

study. We expect this will be closely followed by Phase 2 trials to

determine the most efficacious dosing and cycles with the aim to

maximize efficacy while minimizing on-target, off-disease adverse

events.

7

GTB-C3550

is a next-generation, follow-on, to our lead TriKE, GTB-3550.

GTB-3550 studies will help inform the development of GTB-C3550. We

believe this will de-risk the GTB-C3550 program as the data being

generated will help to make informed decisions on which, or both,

will be brought into later phase studies and in which patient

populations.

Utilize our TriKE platform technologies to develop a robust

pipeline of targeted immuno-oncology products targeting a wide

range of hematologic malignancies, sarcomas and solid tumors for

development on our own and through potential collaborations with

larger pharmaceutical companies

We are

using our TriKE platform with the intent to bring to market

multiple, targeted, off-the-shelf therapies that can treat a range

of hematologic malignancies, sarcomas and solid tumors. The

platforms are scalable and we are currently working with several

third parties investigating the optimal expression system of the

TriKE constructs which we expect to be part of a process in which

we are able to produce IND-ready moieties in approximately 90-120

days after the construct conceptual design. After conducting market

and competitive research, specific moieties can then be rapidly

advanced into the clinic on our own or through potential

collaborations with larger pharmaceutical companies.

We

believe our TriKE will have the ability, if approved for marketing,

to be used on a stand-alone basis, augment the current monoclonal

antibody therapeutics, or be used in conjunction with more

traditional cancer therapy and potentially overcome certain

limitations of current chimeric antigen receptor, or CAR-T,

therapy.

Oncology Markets

B-cell Lymphomas/Leukemias

B-cell

lymphoma is a type of cancer that forms in B cells (a type of

immune system cell). B-cell lymphomas may be either indolent (slow-

growing) or aggressive (fast-growing). Non- Hodgkin lymphoma has an

incidence rate of 19.4 per 100,000 per year and B-cell lymphomas

make up most (about 85%) of NHL in the United States. There are

many different types of B-cell non- Hodgkin lymphomas. These

include Burkitt lymphoma, chronic lymphocytic leukemia/small

lymphocytic lymphoma (CLL/SLL), diffuse large B-cell lymphoma,

follicular lymphoma, and mantle cell lymphoma.

Acute Lymphoblastic Leukemia

Acute

lymphoblastic leukemia, or ALL, is an acute form of leukemia, or

cancer of the white blood cells, characterized by the

overproduction and accumulation of immature white blood cells,

known as lymphoblasts. In persons with ALL, lymphoblasts are

overproduced in the bone marrow and continuously multiply, causing

damage and death by inhibiting the production of normal cells (such

as red and white blood cells and platelets) in the bone marrow and

by spreading (infiltrating) to other organs.

"Acute"

is defined by the World Health Organization standards, in which

greater than 20% of the cells in the bone marrow are blasts.

Chronic lymphocytic leukemia is defined as having less than 20%

blasts in the bone marrow. Acute lymphoblastic leukemia is seen in

both children and adults; the highest incidence is seen between

ages 2 to 3 years (>90 cases per 1 million per year). ALL is the

most common cancer diagnosed in children and represents

approximately 25% of cancer diagnoses among children younger than

15 years. Among children with ALL, approximately 98% attain

remission, and approximately 85% of patients aged 1 to 18 years

with newly diagnosed ALL treated on current regimens are expected

to be long-term event-free survivors, with over 90% surviving at 5

years.

Myeloid Leukemias

Acute Myeloid Leukemia

AML is

a heterogeneous hematologic stem cell malignancy in adults with

incidence rate of 4.3% per 100,000 populations. The median age at

the time of diagnosis is 68 years. AML is an aggressive disease and

is fatal without anti-leukemic treatment. AML is the most common

form of adult leukemia in the U.S. These patients will require

frontline therapy, usually chemotherapy including cytarabine and an

anthracycline, a therapy that has not changed in over 40 years.

Myelodysplastic syndromes (MDS) are a heterogeneous group of

Source: SEC EDGAR (public domain) · 10-K for the period ended 2020-12-31, filed 2021-04-16 · accession 0001654954-21-004295

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The text is our rendering of the filing, not a facsimile: original pagination, typography and tables are not reproduced, and the numbers live in the financial statements (FA).

The outline locates item HEADINGS in this document. Only Items 1A and 7 have certified boundaries elsewhere in the terminal (the redline and the narrative-overlap number); every span here runs from one heading found to the next heading found.

How the outline was chosen. It is the longest chain of item headings that runs forward through both the document and the standard item order: 18 headings are on that chain and 15 further heading-shaped lines are not — the table-of-contents echo of every item, cross-references and exhibit-list mentions. Each entry's length is measured from its heading to the next heading on the chain.