BRIDGING SCIENCE AND PATIENTS
This information was prepared by Bridge Biotherapeutics, Inc. (hereinafter ‘the Company’), with an aim to provide information about the Company and its plans to stakeholders. The accuracy of the ‘forward-looking statements’ included in this page has not been independently verified. The forward-looking statements include projections and outlook of the Company concerning its business status and financial results, and include but not limited to words such as ‘expectation’, ‘forecast’, ‘plan’, ‘anticipation’ or ‘(E)’. These forward-looking statements are subject to changes in business environment and involve inherent risks and uncertainties. We caution you that a number of important factors may cause actual results to differ materially from those contained in any forward-looking statements. Furthermore, any future expectations are based on current business environment and the Company’s management direction as of the date of this information. The future projection may differ or change due to changes in business environment or due to strategic changes by the Company. The contents in this information may change without any prior notification. None of the Company nor its respective officers assume legal responsibility for any damage or loss that may have occurred from the use of this information, including errors and other mistakes that may be included in this information. This information does not constitute or form a part of an offer or solicitation to purchase or subscribe for securities for sale, and any information may not be used as a basis for related contracts, subscriptions or investment decisions.
What is the current clinical development status of BBT-401? (As of July 2020)
We have completed the patient recruitment process for the 1st cohort of our Phase 2a trial (total 16 persons: 12 persons in the treatment group, 4 persons in the control group). Due to the COVID-19 pandemic, patient participants are experiencing difficulties visiting clinical trial sites, however, we are actively seeking out strategies to minimize any impacts relating to the progress of our clinical trial and the verification of our clinical trial results. We are currently preparing to conduct a multinational clinical trial in the US and several European nations and we expect to begin the patient enrollment process for our 2nd cohort at the end of 2020 or early 2021.
In order to proceed with the Phase 1 clinical trial, we submitted our investigational new drug (IND) application to the Chinese National Medical Products Administration (NMPA) in Sept., 2019 and received clearance in Dec., 2019. While we are experiencing mild delays due to the COVID-19 pandemic, we are proactively preparing to initiate the clinical trial in various regions inclusive of Beijing.
In order to initiate our Phase 2a clinical trial, we have submitted our investigational new drug (IND) application to the Ministry of Food and Drug Safety (MFDS). The IND application is currently under review by the MFDS.
What is the current clinical development status of BBT-176? (As of July 2020)
We have received investigational new drug (IND) clearance from both the US Food and Drug Administration (FDA) and the Korean Ministry of Food and Drug Safety (MFDS) for our BBT-176 Phase I/II clinical trial in advanced non-small cell lung cancer (NSCLC) patients. We will initiate a dose escalation study in Korea, followed by a dose expansion study in both the US and Korea, and plan to begin the patient enrollment process at the end of 2020 or early 2021.
What is the current clinical development status of BBT-877? (As of July 2020)
Through our recent IR presentation and our website notification, we informed our investors that we are unable to determine the initiation date of the BBT-877 Phase 2 clinical trial. Furthermore, we have not disclosed any additional information regarding the aforementioned issue to any single person or organization.
What is the current clinical development status of BBT-212? (As of July 2020)
Bridge Biotherapeutics and Konkuk University are jointly conducting early stage translational research in order to validate the efficacy of the drug candidate. We aim to enter into the pre-clinical development stage after completing the requisite preparations.
What is the current clinical development status of BBT-931? (As of July 2020)
As per the research collaboration agreement signed in May, 2018, Bridge Biotherapeutics and Yuhan are working closely on the translational research in order to validate the efficacy of BBT-931 (immune-oncology drug candidate). Dependent on the research data, we will determine whether to exercise our option to license-in the drug candidate.
When will we be licensing-in our next new drug candidate? (As of July 2020)
We are actively reviewing various new drug candidates that have been discovered by both domestic and international academia and research institutes. Candidates which show a high potential to be developed into an innovative treatment will undergo a vigorous commercial and scientific review before we determine whether we will license-in the candidate. Following the in-licensing of our retinal disease treatment from Konkuk University, we have been reviewing additional drug candidates that we may license-in in the future.
What are Bridge Biotherapeutic’s development priorities in terms of disease areas? (As of July 2020)
We seek to expand our development pipeline in areas with high unmet medical needs. Furthermore, we will continue to focus on our core strengths which include autoimmune diseases, inflammatory diseases and oncology, in which we have gained significant expertise through our substantial global clinical development experiences.
What is the current status of our collaboration with Atomwise? (As of July 2020)
Following our research collaboration agreement in Mar., 2020, we have progressed from the 1st potential drug candidate to the 2nd potential drug candidate. Dependent on future developments, we may expand our collaboration to a maximum of 13 potential drug candidates and utilize our collaboration as our new drug discovery engine.
Do we have any plans to expand our R&D team? (As of July 2020)
In order to reinforce our internal drug discovery capacity, we have recently expanded our research personnel, and will continue to strengthen our internal research team. We also seek to reinforce our Clinical Trial Team and our Chemistry, Manufacturing and Control (CMC) Team through the addition of experienced specialists. Lastly, our long-term plan is to expand our research team in order to bolster our late-stage clinical development capacity.
Who are our board members? (As of July 2020)
Our board members include Deborah DongHyun Chee, a clinical development professional, Christopher Kim, a new drug candidate in-licensing expert, Stephen Seoungyeob Paek, a corporate governance specialist and Seunghoon Lee, an international finance specialist. Our board members work diligently to strengthen our capacity in each respective field while providing us with a robust network of industry professionals.
Are there any updates relating to our overhang issue? (As of end-1Q, 2020)
Our overhang, which consisted of approximately ~50% of our total shares outstanding, has declined by over ~10% as of the end of the 1st quarter (2020). Furthermore, we expect our overhang issue to continue to ease over time and will update our investors when any new information is available.
Does Bridge Biotherapeutics have any shareholder friendly policy plans? (As of July 2020)
Despite having reviewed various shareholder friendly policies, we are unable to confirm any details at this point in time. Our senior management and board members are continuing to review potential shareholder friendly policies that will compliment our long-term corporate strategy. We will inform our investors accordingly, once we have finalized our shareholder friendly policies.
What is our guideline for IR conferences and meeting? (As of July 2020)
We will hold quarterly IR video conference calls after we have publicly disclosed our financial statement. The earliest quarterly IR video conference call is scheduled after the 15th of August and we will provide further details via public disclosure and our company’s official communication channels.
What are our disclosure requirements?
As a KOSDAQ listed public company, we abide by the disclosure rules and regulations issued by the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC). Furthermore, with the exception of trade secrets (inclusive of but not limited to information pertaining to our collaborations with our various partners), we will continue to proactively provide transparent and timely information to our investors.