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MAIA Biotechnology Granted FDA Rare Pediatric Disease Designation for THIO as a Treatment for Pediatric High-Grade Gliomas CHICAGO

Key Takeaway: MAIA Biotechnology, Inc. announced that the FDA granted Rare Pediatric Disease designation for their drug THIO, aimed at treating pediatric-type diffuse high-grade gliomas. This designation is significant for the company as it enhances THIO's development and offers commercial incentives, including potential priority review vouchers upon future approval. THIO has shown promise in activating the immune system to combat treatment-resistant cancers in children, with previous research displaying its effectiveness in collaboration with Nationwide Children's Hospital.

Market Sentiment Analysis

POSITIVE FACTORS

  • THIO received FDA's Rare Pediatric Disease designation, enhancing its development prospects.
  • Positive results from research indicate THIO's effectiveness in treating pediatric high-grade gliomas.
  • Rare pediatric disease designation offers significant commercial incentives, including priority review vouchers.

Full Press Release Details

Biotechnology Granted FDA Rare Pediatric Disease Designation for THIO as a Treatment for Pediatric High-Grade Gliomas
- December 16, 2024 - MAIA Biotechnology, Inc., (NYSE American: MAIA) ("MAIA", the "Company"), a clinical-stage
biopharmaceutical company developing targeted immunotherapies for cancer, today announced that the FDA has designated THIO for the treatment
of pediatric-type diffuse high-grade gliomas (PDHGG) as a drug for a "rare pediatric disease."
is a versatile anti-cancer agent that has demonstrated positive results in multiple difficult to treat cancer types, including pediatric
high-grade glioma, which is among the most treatment resistance cancers in children. THIO is shown to activate the immune system while
evading tumor immunosuppression, a novel therapeutic approach for this devastating childhood disease," said MAIA Chairman and Chief
Executive Officer Vlad Vitoc, M.D. "We are proud to receive the FDA's Rare Pediatric Disease designation for THIO, which
significantly bolsters our plans for continuing research in the PDHGG indication."
Vice President and Head of Regulatory and Quality K. Robinson Lewis added, "Rare pediatric disease designation also offers a highly
valuable incentive for MAIA. Upon FDA approval of a future new drug application in PDHGG, MAIA would be eligible to receive a priority
review voucher that can be redeemed or sold as an asset at a very high valuation."
pediatric disease priority review vouchers (PRVs) can be redeemed by drug developers for FDA priority review of a different product
or transferred or sold to another sponsor. Since 2015, FDA priority review vouchers have sold as assets at an average amount of $100
research showcased THIO's potency as a treatment for a PDHGG subtype known as diffuse intrinsic pontine glioma (DIPG). A research
collaboration between MAIA and Nationwide Children's Hospital found that THIO combined with ionizing radiation (IR) resulted in
significantly decreased cell proliferation and produced potent anticancer effects in highly aggressive DIPG. The data was presented in
April 2024 at the American Association for Cancer Research (AACR) Annual Meeting.
collaborated with Only Orphans Cote for THIO's designation request. Only Orphans Cote is a foremost provider of regulatory services
and strategies for FDA orphan drug designations and marketing authorization.
addition to its rare pediatric disease designation in PDHGG, THIO holds orphan drug designations (ODD) in three cancer types: hepatocellular
carcinoma (HCC), small cell lung cancer (SCLC) and glioblastoma. MAIA believes that THIO is the only direct telomere-targeting agent
currently in clinical development.
Pharmaceutical Technology, GlobalData Pharma Intelligence Centre, January 2024
(6-thio-dG or 6-thio-2'-deoxyguanosine) is a first-in-class investigational telomere-targeting agent currently in clinical development
to evaluate its activity in Non-Small Cell Lung Cancer (NSCLC). Telomeres, along with the enzyme telomerase, play a fundamental role
in the survival of cancer cells and their resistance to current therapies. The modified nucleotide 6-thio-2'-deoxyguanosine (THIO)
induces telomerase-dependent telomeric DNA modification, DNA damage responses, and selective cancer cell death. THIO-damaged telomeric
fragments accumulate in cytosolic micronuclei and activates both innate (cGAS/STING) and adaptive (T-cell) immune responses. The sequential
treatment with THIO followed by PD-(L)1 inhibitors resulted in profound and persistent tumor regression in advanced, in vivo cancer models
by induction of cancer type-specific immune memory. THIO is presently developed as a second or later line of treatment for NSCLC
for patients that have progressed beyond the standard-of-care regimen of existing checkpoint inhibitors.
MAIA Biotechnology, Inc.
is a targeted therapy, immuno-oncology company focused on the development and commercialization of potential first-in-class drugs with
novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer. Our lead program is
THIO, a potential first-in-class cancer telomere targeting agent in clinical development for the treatment of NSCLC patients with telomerase-positive
cancer cells. For more information, please visit www.maiabiotech.com.
cautions that all statements, other than statements of historical facts contained in this press release, are forward-looking statements.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry's
actual results, levels or activity, performance or achievements to be materially different from those anticipated by such statements.
The use of words such as "may," "might," "will," "should," "could," "expect,"
"plan," "anticipate," "believe," "estimate," "project," "intend,"
"future," "potential," or "continue," and other similar expressions are intended to identify forward
looking statements. However, the absence of these words does not mean that statements are not forward-looking. For example, all statements
we make regarding (i) the initiation, timing, cost, progress and results of our preclinical and clinical studies and our research and
development programs, (ii) our ability to advance product candidates into, and successfully complete, clinical studies, (iii) the timing
or likelihood of regulatory filings and approvals, (iv) our ability to develop, manufacture and commercialize our product candidates
and to improve the manufacturing process, (v) the rate and degree of market acceptance of our product candidates, (vi) the size and growth
potential of the markets for our product candidates and our ability to serve those markets, and (vii) our expectations regarding our
ability to obtain and maintain intellectual property protection for our product candidates, are forward looking. All forward-looking
statements are based on current estimates, assumptions and expectations by our management that, although we believe to be reasonable,
are inherently uncertain. Any forward-looking statement expressing an expectation or belief as to future events is expressed in good
faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees
of future events and are subject to risks and uncertainties and other factors beyond our control that may cause actual results to differ
materially from those expressed in any forward-looking statement. Any forward-looking statement speaks only as of the date on which it
was made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law. In this release, unless the context requires otherwise, "MAIA," "Company,"
"we," "our," and "us" refers to MAIA Biotechnology, Inc. and its subsidiaries.

Frequently Asked Questions

What is THIO designated for by the FDA?

THIO is designated by the FDA for treating pediatric-type diffuse high-grade gliomas.

What makes THIO a unique cancer treatment?

THIO is a first-in-class telomere-targeting agent that enhances immune response against tumors.

How does THIO work against cancer cells?

THIO modifies telomeric DNA, inducing immune responses and cancer cell death.

What is the significance of Rare Pediatric Disease designation?

This designation may provide MAIA with a priority review voucher upon FDA approval.

What additional designations does THIO hold?

THIO also has orphan drug designations for hepatocellular carcinoma, SCLC, and glioblastoma.

Last updated: Dec 16, 2024