Category: 3. Business

  • Bombardier Completes Redemption for All of its 7.125% Senior Notes due 2026 and Partial Redemption for US$83,711,000 of its 7.875% Senior Notes due 2027

    Bombardier Completes Redemption for All of its 7.125% Senior Notes due 2026 and Partial Redemption for US$83,711,000 of its 7.875% Senior Notes due 2027

    Bombardier Inc. (“Bombardier”) today announced that it has redeemed all remaining outstanding US$166,289,000 aggregate principal amount of its 7.125% Senior Notes due 2026 (the “2026 Notes”) and US$83,711,000 aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (together with the 2026 Notes, the “Redemption Notes”), in each case effective October 4, 2025 and as set forth in the respective notices of redemption issued September 4, 2025.  

    Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company. 

    This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.  

    The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The securities mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.  

    FORWARD-LOOKING STATEMENTS 

    Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. 

    For information 

    Francis Richer de La Flèche 

    Vice President, Financial Planning and Investor Relations 
    Bombardier 
    +1 514 240 9649 

    Mark Masluch 

    Senior Director, Communications 
    Bombardier 
    +1 514 855 7167 

     

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  • New Zealand Q3 business confidence worsens, think tank says – Reuters

    1. New Zealand Q3 business confidence worsens, think tank says  Reuters
    2. New Zealand Q3 business confidence 18% vs 22% previous quarter  investingLive
    3. No sign of respite for struggling economy  National Business Review
    4. NZIER releases bleak business survey on eve of Reserve Bank OCR call  ThePost.co.nz
    5. New Zealand Firms’ Gloomy Outlook Raises Risk of Recession  Bloomberg.com

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  • New Zealand central bank to set up new financial policy committee

    New Zealand central bank to set up new financial policy committee

    WELLINGTON, Oct 7 (Reuters) – New Zealand’s central bank said on Tuesday it would form a new financial policy committee that would give it the power to set prudential requirements for banks and help it to make decisions over mortgage lending ratios.

    The move is in line with recommendations that followed a recent parliamentary inquiry into banking competition and will strengthen the Reserve Bank of New Zealand’s financial policy-making, the RBNZ said in a statement.

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    New Zealand’s centre-right government is pushing for more competition in the country’s banking sector, which is dominated by four large Australian-owned banks: Westpac Banking Corp (WBC.AX), opens new tab, ASB Bank, which is part of Commonwealth Bank of Australia (CBA.AX), opens new tab, Bank of New Zealand, which belongs to National Australia Bank (NAB.AX), opens new tab, and Australia and New Zealand Banking Group (ANZ.AX), opens new tab.

    The committee will consist of the RBNZ chair, its governor, three other board members, and up to two members who are not board members or employees of the central bank, the RBNZ said.

    “The creation of the FPC will strengthen financial policy-making at the RBNZ, with greater focus and expertise brought to bear to make sure that the New Zealand financial system remains strong and stable,” Deputy Chair Rodger Finlay said.

    The committee is planned to be operational from early 2026.

    The RBNZ in August proposed an easing of lenders’ capital requirements, after criticism that the regulations reduced availability of funds in the economy and led to extra costs for borrowers.

    Reporting by Lucy Craymer in Wellington and Renju Jose in Sydney; Editing by Edmund Klamann

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • EUR/USD falls on French political shock and shutdown lift Dollar

    EUR/USD falls on French political shock and shutdown lift Dollar

    EUR/USD retreats during the North American session sponsored by political turmoil in France and US Dollar strength, amid the sixth day of government shutdown in the US. The pair trades at 1.1714, down 0.24%.

    Euro weakens toward 1.17 as Lecomu’s resignation and prolonged US fiscal gridlock bolster safe-haven demand for the Greenback

    Market mood remains positive, as portrayed by Wall Street, but the shared currency depreciates on news that the French Prime Minister Sebastien Lecomu submitted his resignation. The lack of news about negotiations regarding the re-opening of the US government leaves traders leaning on economic data from Europe and speeches by central bank officials.

    The US economic docket will feature the University of Michigan (UoM) Consumer Sentiment survey on Friday. This and the tone of discussions between the White House and Democrats, could set the stage to the release of delayed data in the US.

    Recently, US President Donald Trump said that layoffs could be triggered if the Senate vote on the shutdown fails, adds negotiations are ongoing with Democrats.

    The Financial Times reported that the European Commission intends to propose tariffs of 50% on steel imports worldwide above a quota set at 2013 levels.

    Earlier, economic data in the Eurozone revealed that Retail Sales slowed in August on year-over-year figures. At the same time, the Eurozone Sentix index in October improved slightly, compared to September’s excessive pessimism.

    Euro Price This week

    The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the New Zealand Dollar.

    USD EUR GBP JPY CAD AUD NZD CHF
    USD 0.03% 0.03% -0.06% -0.00% -0.00% 0.05% -0.09%
    EUR -0.03% 0.02% -0.05% -0.02% -0.00% 0.04% 0.02%
    GBP -0.03% -0.02% -0.06% -0.04% 0.02% -0.02% -0.01%
    JPY 0.06% 0.05% 0.06% 0.05% 0.06% -0.01% -0.09%
    CAD 0.00% 0.02% 0.04% -0.05% -0.02% 0.00% 0.03%
    AUD 0.00% 0.00% -0.02% -0.06% 0.02% -0.11% -0.03%
    NZD -0.05% -0.04% 0.02% 0.00% -0.01% 0.11% -0.07%
    CHF 0.09% -0.02% 0.00% 0.09% -0.03% 0.03% 0.07%

    The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

    Daily digest market movers: The Euro hovers around 1.1700

    • As of writing, the Kansas City Fed President Jeffrey Schmid said that the Fed must maintain inflation credibility and that inflation is too high. He added that monetary policy is appropriately calibrated.
    • Eurozone Retail Sales in August rose by 1% YoY down from 2.2% in July yet mostly aligned with estimates of the previous twelve months. On a monthly basis, figures rose as expected 0.1%, up from August’s -0.5% MoM contraction.
    • The Sentix Index in EZ improved from -9.2 to -5.4, better than the expected -8.5
    • Money markets are fully pricing a 25-basis-point Fed cut at the October 29 meeting, with odds standing at 94%, according to Prime Market Terminal’s interest rate probability tool.

    Technical outlook: EUR/USD holds firm waiting for a fresh catalyst

    The EUR/USD remains subdued at around the 1.1700 mark for the sixth consecutive day, capped on the upside by the 20-day Simple Moving Average (SMA) at 1.1745 and on the downside by the 50-day SMA at 1.1683. Nevertheless, it should be noted that for two straight trading days, the pair achieved successive series of lower highs and hit a two-week low of 1.1651.

    For a bullish continuation, the EUR/USD must clear 1.1760 before testing 1.1800. Once cleared the next resistance would be the July 1 high of 1.1830 ahead of testing the yearly peak at 1.1918.

    Contrarily, the EUR/USD first support would be 1.1700, the 50-day SMA and the 100-day SMA at 1.1625.

    Euro FAQs

    The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
    EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

    The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
    The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
    The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

    Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
    Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

    Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
    A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
    Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

    Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
    If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

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  • Leqembi® Iqlik™ (lecanemab-irmb) maintenance treatment launched in the U.S.

    STOCKHOLM, Oct. 6, 2025 /PRNewswire/ — BioArctic AB’s (publ) (Nasdaq Stockholm: BIOA B) partner Eisai announced today that lecanemab-irmb subcutaneous injection (U.S. brand name: Leqembi Iqlik) is now available in the U.S. as a maintenance dosing regimen for the treatment of Alzheimer’s disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD). After 18 months of Leqembi intravenous (IV) treatment at 10 mg/kg every two weeks, patients may either continue IV infusions at 10 mg/kg once every four weeks or start the new weekly 360 mg subcutaneous injection using the Leqembi Iqlik autoinjector. It is the first and only anti-amyloid treatment to offer an at-home injection after initial treatment of 18 months

    Eisai and their partner Biogen have also launched the Leqembi Companion™ program which aims to provide expanded resources that support patients throughout their Leqembi treatment journey, from initiation through maintenance therapy. The program offers resources such as help with understanding insurance coverage and potential out-of-pocket costs and identifying financial support programs, injection education through Nurse Educators either in-person or virtually to provide patients with training on injecting their maintenance dose using the Leqembi Iqlik, an injection tracking tool and more. There is also a Leqembi Companion app to help support patients and care partners along their treatment journey.

    Alzheimer’s disease is a progressive, relentless disease with amyloid beta (Aβ) and tau as hallmarks that is caused by a continuous underlying neurotoxic process that begins before amyloid plaque accumulation and continues after removal.[1],[2],[3] The data show that amyloid-beta protofibrils and tau tangles play roles in the neurodegeneration process,[4],[5],[6] and Leqembi is the only approved treatment that fights Alzheimer’s disease in two ways – targeting both amyloid plaque and protofibrils[i], which can impact tau downstream. 

    Due to the reaccumulation of AD biomarkers and return to placebo rate of decline after therapy is stopped,4,5,6 continuing maintenance treatment after the initial 18-month therapy is essential to slow the progression of AD and extend the therapeutic benefits, helping patients maintain who they are for longer.

    The availability of Leqembi Iqlik in the U.S. offers patients and care partners the ability to use the device at home, shortening treatment time, and providing an option to continue treatment without having to worry about visiting an infusion center. The Leqembi Iqlik also has the potential to reduce healthcare resources associated with IV maintenance dosing, such as preparation for infusion and nurse monitoring, while increasing infusion capacity for new eligible patients to begin initiation treatment and streamlining the overall AD treatment pathway.

    Leqembi is the result of a long-standing collaboration between BioArctic and Eisai, and the antibody was originally developed by BioArctic based on the work of Professor Lars Lannfelt and his discovery of the Arctic mutation in Alzheimer’s disease. Eisai is responsible for the clinical development, applications for market approval and commercialization of Leqembi for Alzheimer’s disease. BioArctic has the right to commercialize Leqembi in the Nordic region together with Eisai and the two companies are preparing for a joint commercialization in the region.

    Please see full Prescribing Information for Leqembi in the US, including Boxed WARNING.

    The information was released for public disclosure, through the agency of the contact person below, on October 6, 2025, at 10:35 p.m. CET.

    For further information, please contact: 
    Oskar Bosson, Vice President Communications and Investor Relations
    E-mail[email protected]
    Telephone: +46 70 410 71 80

    About lecanemab (Leqembi®)
    Lecanemab is the result of a strategic research alliance between BioArctic and Eisai. It is a humanized immunoglobulin gamma 1 (IgG1) monoclonal antibody directed against aggregated soluble (protofibril) and insoluble forms of amyloid-beta (Aβ).

    Lecanemab is approved in 50 countries including the U.S., Japan, China, and the European Union for the treatment of Alzheimer’s disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD) and is under regulatory review in 8 countries. Leqembi Iqlik™ is approved for subcutaneous injection for maintenance dosing for the treatment of early Alzheimer’s disease in the US. Following the initial phase with treatment every two weeks for 18 months, intravenous (IV) maintenance dosing with treatment every four weeks is approved in China, the U.S. and others, and applications have been filed in 9 countries and regions.

    Since July 2020, Eisai’s Phase 3 clinical study (AHEAD 3-45) with lecanemab in individuals with preclinical Alzheimer’s disease, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. The study was fully recruited in October 2024. AHEAD 3-45 is a four-year study conducted as a public-private partnership between Eisai, Biogen and the Alzheimer’s Clinical Trial Consortium that provides the infrastructure for academic clinical trials in Alzheimer’s disease and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health. Since January 2022, the Tau NexGen clinical study for Dominantly Inherited AD (DIAD), that is conducted by Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis, is ongoing and includes lecanemab as the backbone anti-amyloid therapy.

    About the collaboration between BioArctic and Eisai
    Since 2005, BioArctic has a long-term collaboration with Eisai regarding the development and commercialization of drugs for the treatment of Alzheimer’s disease. The most important agreements are the Development and Commercialization Agreement for the lecanemab antibody, which was signed 2007, and the Development and Commercialization agreement for the antibody Leqembi back-up for Alzheimer’s disease, which was signed 2015. In 2014, Eisai and Biogen entered into a joint development and commercialization agreement for lecanemab. Eisai is responsible for the clinical development, application for market approval and commercialization of the products for Alzheimer’s disease. BioArctic has the right to commercialize lecanemab in the Nordic region and is currently preparing for commercialization in the Nordics together with Eisai. BioArctic has no development costs for lecanemab in Alzheimer’s disease and is entitled to payments in connection with regulatory approvals, and sales milestones as well as royalties on global sales.

    About BioArctic AB
    BioArctic AB (publ) is a Swedish research-based biopharma company focusing on innovative treatments that can delay or stop the progression of neurodegenerative diseases. The company invented Leqembi® (lecanemab) – the world’s first drug proven to slow the progression of the disease and reduce cognitive impairment in early Alzheimer’s disease. Leqembi has been developed together with BioArctic’s partner Eisai, who are responsible for regulatory interactions and commercialization globally. In addition to Leqembi, BioArctic has a broad research portfolio with antibodies against Parkinson’s disease and ALS as well as additional projects against Alzheimer’s disease. Several of the projects utilize the company’s proprietary BrainTransporter™ technology, which has the potential to actively transport antibodies across the blood-brain barrier to enhance the efficacy of the treatment. BioArctic’s B share (BIOA B) is listed on Nasdaq Stockholm Large Cap. For further information, please visit www.bioarctic.com.

    [1] Leqembi (lecanemab-irmb) injection, for intravenous use [package insert]. Nutley, NJ: Eisai Inc.

    [2] Iwatsubo T, Irizarry M, van Dyck C, Sabbagh M, Bateman RJ, Cohen S. Clarity AD: a phase 3 placebo-controlled, double-blind, parallel-group, 18-month study evaluating lecanemab in early Alzheimer’s disease. Presented at: CTAD Conference; November 29-December 2, 2022; San Francisco, CA.

    [3] Hampel H, Hardy J, Blennow K, et al. The amyloid-? pathway in Alzheimer’s disease. Mol Psychiatry. 2021;26(10):5481-5503.

    [4] Amin L, Harris DA. Aβ receptors specifically recognize molecular features displayed by fibril ends and neurotoxic oligomers. Nat Commun. 2021;12:3451. doi:10.1038/s41467-021-23507-z.

    [5] Ono K, Tsuji M. Protofibrils of Amyloid-β are Important Targets of a Disease-Modifying Approach for Alzheimer’s Disease. Int J Mol Sci. 2020;21(3):952. doi: 10.3390/ijms21030952. PMID: 32023927; PMCID: PMC7037706.

    [6] Morris JC. Neurology. 1993;43(11):2412-4.

    [i] Protofibrils are believed to contribute to the brain injury that occurs with AD and are considered to be the most toxic form of Aβ, having a primary role in the cognitive decline associated with this progressive, debilitating condition.1 Protofibrils cause injury to neurons in the brain, which in turn, can negatively impact cognitive function via multiple mechanisms, not only increasing the development of insoluble Aβ plaques but also increasing direct damage to brain cell membranes and the connections that transmit signals between nerve cells or nerve cells and other cells. It is believed the reduction of protofibrils may prevent the progression of AD by reducing damage to neurons in the brain and cognitive dysfunction.2

    This information was brought to you by Cision http://news.cision.com

    https://news.cision.com/bioarctic/r/leqembi–iqlik—lecanemab-irmb–maintenance-treatment-launched-in-the-u-s-,c4246336

    The following files are available for download:

    SOURCE BioArctic

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  • Biomea's diabetes drug shows promise, may work for those responding to GLP-1 – Reuters

    1. Biomea’s diabetes drug shows promise, may work for those responding to GLP-1  Reuters
    2. Icovamenib shows sustained benefits for hard-to-treat diabetes patients  Investing.com
    3. Biomea Fusion Announces Positive Phase II Study Results  TipRanks
    4. Biomea Fusion Reports Positive 52-Week Results from Phase II COVALENT-111 Study of Icovamenib in Type 2 Diabetes Patients  Quiver Quantitative
    5. Biomea Fusion reports 52-week results from Phase II diabetes trial  Investing.com

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  • Robe River Joint Venture to invest $733 million to extend West Angelas iron ore mine in Western Australia

    PERTH, Australia–(BUSINESS WIRE)–
    Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region.

    The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal Government approvals.

    The deposits will maintain the West Angelas hub’s total annual production capacity of 35 million tonnes, extending mining activity for years to come.

    Rio Tinto Iron Ore Chief Executive Matthew Holcz said: “The West Angelas Sustaining Project is built on strong and committed partnerships, both with the joint venture members Mitsui and Nippon Steel, as well as the Yinhawangka and Ngarlawangga Peoples.

    “The West Angelas hub has been an integral part of Rio Tinto Iron Ore since 2002. Securing these approvals ensures ongoing investment in the hub as we continue to supply high-quality, reliable iron ore to meet our global customers’ demand now and into the future.”

    Rio Tinto worked closely with the Yinhawangka and Ngarlawangga Peoples to co-design Social Cultural Heritage Management Plans for the West Angelas Sustaining Project to ensure the ongoing protection and management of cultural heritage and the environment.

    The project will leverage existing West Angelas processing infrastructure and includes the construction of new non-process infrastructure precincts and 22-kilometres of haul roads.

    Ore mined at the new deposits will be autonomously trucked to the West Angelas hub, with first ore scheduled for 2027.

    About 600 jobs will be created during construction. Once operational, the project will help sustain a workforce of about 950 full time equivalent roles at the West Angelas hub.

    The West Angelas Sustaining Project is part of Rio Tinto’s tranche of replacement projects that underpin the company’s ongoing commitment to the Pilbara, and which will have combined total capacity of about 130Mtpa2.

    Additionally, work is well progressed on the pre-feasibility study for Rhodes Ridge, one of the world’s largest and highest quality undeveloped iron ore deposits, which is targeting an initial capacity of up to 40Mtpa and first ore by 2030.

    Additional information

    The Robe River Joint Venture comprises Rio Tinto (53 per cent), Mitsui Iron Ore (33 per cent) and Nippon Steel (14 per cent).

    The Joint Venture dates back to 1972, when operations began in the Robe Valley near Pannawonica, followed by an expansion at West Angelas in 2002. It marked its 50th anniversary in 2022.

    Footnotes

    1 All currency figures are in US dollars and on a 100 per cent basis, unless otherwise specified. The capital for the project is already included in the Group’s replacement capital guidance.

    2 Subject to timing of full capacity. The replacement projects include Western Range which, as previously announced, was opened on 6 June 2025, Brockman Syncline 1, as announced on 6 March 2025, Hope Downs 2, as announced on 24 June 2025, West Angelas (this project) and Greater Nammuldi.

    This announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.

    Please direct all enquiries to media.enquiries@riotinto.com

    Media Relations,

    United Kingdom

    Matthew Klar

    M +44 7796 630 637

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    M +44 7787 597 493

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    Jesse Riseborough

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    Investor Relations,

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    M: +44 7584 609 644

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    Tom Gallop

    M +61 439 353 948

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    Rio Tinto plc

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    Registered in England

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    riotinto.com

    Category: General

    Source: Rio Tinto


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  • Selecting Second-Line Treatment in HR+, HER2-Low Breast Cancer | Targeted Oncology

    Selecting Second-Line Treatment in HR+, HER2-Low Breast Cancer | Targeted Oncology

    For patients with ESR1-mutated, hormone receptor (HR)-positive, HER2-low metastatic breast cancer, progression on initial CDK4/6 inhibitor-based therapy presents a key sequencing decision. Claudine Isaacs, MD, professor of medicine and oncology, associate director of Clinical Research, and leader of the Clinical Breast Cancer Program at the Georgetown Lombardi Comprehensive Cancer Center, and the medical director of the Jess and Mildred Fisher Center for Hereditary Cancer and Clinical Genomics Research, moderated a virtual Case-Based Roundtable event for oncologists in Georgia and Virginia. In the event, participants debated whether to use elacestrant (Orserdu) or trastuzumab deruxtecan (T-DXd; Enhertu) in the second-line setting.

    Register today to join a Case-Based Roundtable near you.

    CASE SUMMARY

    • A 52-year-old woman with a history of:
      • 2.4-cm, grade 2, node-negative invasive ductal carcinoma (IDC), HR positive, HER2 immunohistochemistry (IHC) 1+, Ki-67 20% of the right breast, 21-gene recurrence score of 27
      • Initial therapy included chemotherapy, radiation therapy, and 5 years of adjuvant anastrozole
    • Three years after completing anastrozole, she reported new lower back and hip pain during a routine office visit.
      • Laboratory results: alanine and aspartate aminotransferase normal, elevated alkaline phosphatase, normal bilirubin, mild anemia
      • Imaging: multiple masses (largest 2 cm) in right lobe of liver and sclerotic lesions in multiple vertebrae and bilateral iliac crests
      • Liver biopsy: carcinoma consistent with breast primary; estrogen receptor 90%, progesterone receptor 60%, HER2 IHC 1+
      • ECOG performance status: 1
    • Treatment: letrozole (Femara) plus ribociclib (Kisqali) with denosumab
      • Good clinical response with reduction in size of liver masses
      • One dose reduction to 400 mg of ribociclib due to neutropenia

    Sixteen months after starting therapy

    • Follow-up imaging for response assessment showed new liver lesions and 1 new sclerotic lesion in T12 suspicious for malignancy
      • Mild abdominal pain
      • Laboratory results: mildly elevated transaminases, about 2 times the upper limit normal
    • Circulating tumor DNA analysis confirmed an ESR1 mutation; no evidence of PIK3CA/AKT1/PTEN mutations

    What second-line therapy would you choose for this HR-positive, HER2-low patient?

    DISCUSSION QUESTION

    What is the rationale for your selection of treatment in this patient?

    Claudine Isaacs, MD: For this patient who’s progressed after more than 12 months with an ESR1 mutation and HER2-low disease with no mutation or alteration in the PI3 kinase AKT pathway, would you choose elacestrant, T-DXd, everolimus and endocrine therapy, fulvestrant and abemaciclib [Verzenio], other chemotherapy, or something else?

    Soren Caffey, MD: My option is elacestrant, if I’m getting the case correctly with the ESR1 mutation and at the time of progression, more than 12 months on first line therapy. I don’t know what others’ thoughts might be.

    Walid L. Shaib, MD: I thought the same. Patients who were exposed to elacestrant who had longer time on the CDK4/6 inhibitor had better progression-free survival [PFS], as opposed to the overall population that was discussed in the paper.1 I will try to use the T-DXd maybe later on, at the time of progression.

    Cesar Santa-Maria, MD, MSCI: I think elacestrant is a very reasonable option. Another option to consider is fulvestrant and abemaciclib. I’m not terribly impressed by the net improvement and PFS of either. But I’ve certainly seen some patients do well with that CDK4/6 inhibitor after CDK4/6 inhibitor approach, so I think that’s reasonable. You get a little more toxicity with it, though.

    Rao Moravineni, MD: I’m not impressed with elacestrant as well…. I thought there would be much more benefit, however, [with the patient] being more than 3 years out of therapy…I would do elacestrant first.

    Nagender Mankan, MD: I was leaning towards T-DXd, then elacestrant. I’ve never had a similar scenario, but I have had other patients with good response to T-DXd, even for 1+ IHC. I have very few patients with ESR1, much more within HER2 1+ IHC.

    Isaacs: When you’re thinking about sequencing then in somebody like that, would you reach for T-DXd first or would you reach for elacestrant, or some other endocrine therapy at this point? Is there something in this patient that’s making you think about T-DXd first or at some point?

    Mankan: I don’t know the data to compare the 2, but T-DXd response rate was more than the ESR1-based response rate [with elacstrant]….1,2 I don’t know how that plays a role, but my heart is [leaning] towards T-DXd.

    Ming Chi, MD: I personally would prefer the elacestrant over T-DXd in this situation, only because it’s a slow progression and it seems like the newer lesions are not a high disease burden. Otherwise, after a year or so, if the disease progression is dramatic, I’d probably want to jump to T-DXd, because I am not comfortable with elacestrant in that situation.

    Isaacs: The thing that we’re always grappling with and trying to figure out the best thing to do in this country, where we have access to so many different agents, is the best way to sequence them. I think we would all agree that with a patient like this with an ESR1 mutation and HER2-low disease, we have lots of options. I personally would reach for elacestrant first in this patient, because she has an ESR1 mutation and because she’s had an appropriate and good response to endocrine therapy plus a CDK4/6 inhibitor, and T-DXd would certainly be in the next line or a further down line of therapy for this patient, given the data that are out there on T-DXd and its activity.2

    Register today to join a Case-Based Roundtable near you.

    DISCLOSURES: Isaacs previously reported consulting role for Arvinas, AstraZeneca, Genentech, Novartis, Pfizer, Gilead Sciences, Merck, and Seattle Genetics, and receiving royalties from Wolters Kluwer (UptoDate), and McGraw-Hill (Goodman and Gillman).

    Santa-Maria previously reported a consulting or advisory role for Polyphor, Genomic Health, Halozyme, Bristol Myers Squibb, Athenex, Seattle Genetics, Merck, and Pfizer.

    References:

    1. Bidard FC, Kaklamani VG, Neven P, et al. Elacestrant (oral selective estrogen receptor degrader) versus standard endocrine therapy for estrogen receptor-positive, human epidermal growth factor receptor 2-negative advanced breast cancer: Results from the randomized phase III EMERALD trial. J Clin Oncol. 2022;40(28):3246-3256. doi:10.1200/JCO.22.00338

    2. Modi S, Jacot W, Yamashita T, et al. Trastuzumab deruxtecan in previously treated HER2-low advanced breast cancer. N Engl J Med. 2022;387(1):9-20. doi:10.1056/NEJMoa2203690

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  • French prosecutors probe Apple's Siri following complaint – Reuters

    1. French prosecutors probe Apple’s Siri following complaint  Reuters
    2. Apple Stock (AAPL) Slumps as it Faces Cyber Crime Probe Over Siri Recordings  TipRanks
    3. Paris prosecutor opens investigation into Apple’s voice assistant Siri  politico.eu
    4. France investigates Apple’s Siri data collection over privacy concerns  TradingView
    5. Apple faces cybercrime investigation in France after Siri complaint  9to5Mac

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  • Pinsent Masons completes move into new Sydney office

    Pinsent Masons completes move into new Sydney office

    The firm has moved into levels 16 and 17 of 33 Alfred St today, occupying 2,600 square metres of office space – an increase of 1,850 square metres from its previous home at 1 Macquarie Place. 

    The heritage-listed building – Sydney’s first skyscraper – has been refurbished to suit the needs of modern businesses and to improve sustainability. The Pinsent Masons fitout was designed by leading architecture firm Bates Smart and constructed by national fitout and construction services specialist Shape, who also designed and constructed the fitout of the firm’s Melbourne office at 101 Collins Street in 2023.

    Partner and Head of Sydney, Sadie Andrew, said the move to 33 Alfred St was an important development for Pinsent Masons.

    ’33 Alfred Street is an iconic address in Sydney, and we are incredibly excited to be calling it our home,’ Sadie said.

    ‘Our new office will provide us with the space and flexibility to efficiently collaborate with each other, our colleagues across our multinational network and our clients. It will also aligns with our sustainability goals, as 33 Alfred Street is targeting 5.5-Star NABERS Energy and 6-Star Green Star Office As Built v3 ratings.’

    Partner and Head of Australia, Matthew Croagh, said the move was an investment in the future of the firm in Australia.

    ‘We are proud of what we have achieved so far in our 10 years in Australia, but we are very much just scratching the surface,’ Matthew said.

    ‘We have launched new practice teams in Australia over the past three years and enhanced the way we develop our people. This expansion has demanded better facilities for our people to thrive. The move into 33 Alfred Street is another sign of the investment we are willing to make to make to ensure the success of the firm and the clients with which we work.’

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