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Molecular Templates’ IND application for MT-3724 gets FDA clearance

Biopharmaceutical firm Molecular Templates has received approval from the US Food and Drug Administration (FDA) for its investigational new drug (IND) application to start clinical studies for MT-3724 as monotherapy to treat refractory non-Hodgkin’s lymphoma (NHL).

The company’s lead next-generation immunotoxin compound, MT-3724, is capable of forcing internalization against the CD20 B-cell surface marker and inducing direct cell death via ribosome inactivation in CD20-expressing cells.

It is the first successful immunotoxin to CD20 and represents a new mechanism of action in the treatment of NHL.

The approval allows for the start of a Phase I program which will evaluate the efficacy and safety of MT-3724 in patients with NHL who are resistant or refractory to all currently available therapies.

The Phase I trial will be carried out at Memorial Sloan-Kettering Cancer Center and New York University Langone Medical Center and will be expanded to include an additional premier oncology research center in Texas.

Memorial Sloan-Kettering Cancer Center Lymphoma Service Dr Paul Hamlin is the lead investigator for the trial.

Dr Hamlin said: "The MT-3724 immunotoxin represents an exciting new therapeutic, building on the already successful concept of targeted therapy in lymphoma with a novel immunotoxin possessing a different mechanism of action from other agents."