Search This Blog

Tuesday, May 8, 2018

Alnylam’s Preclinical Data Supports CNS Delivery of RNA Interference Therapies

Cambridge, Massachusetts-based Alnylam Pharmaceuticals reported preclinical results that supports advancement of its RNA interference (RNAi) therapeutics for central nervous system disorders into the clinic.
The company indicated that it had delivered its novel small interfering RNA (siRNA) conjugates into the central nervous system (CNS). The data was presented at the TIDES: Olignonucleotide and Peptide Therapeutics 2018 Annual Meeting held in Boston this week. The study was performed on rats. A single intrathecal injection of a siRNA conjugate had broad distribution across the brain and spinal cord regions.
RNAi is a natural cellular process where genes can be silenced—turned off. Alnylam is focused on using the technology to treat various diseases caused by lack of appropriate proteins or excess proteins. They have particular potential for preventing or reversing neurodegenerative diseases caused by dominantly inherited genes, such as Alzheimer’s, Huntington’s, Parkinson’s, and amyotrophic lateral sclerosis (ALS).
Alnylam expects to select its first CNS-targeted development candidate this year and file its first investigational new drug (IND) or equivalent in late 2019 or early 2020, with possibly one or more INDs per year after that.
“Over the past 15 years, Alnylam has advanced conjugate-based delivery of investigational RNAi therapeutics with multiple transformative discoveries, paving the way for development of a whole new class of innovative medicines,” said Kevin Fitzgerald, Alynylam’s senior vice president, Research, in a statement. “We have now applied our learnings, including additional chemistry advances, to enable delivery of siRNAs beyond the liver to the CNS, where there are a large number of unmet needs well suited for RNAi therapeutics. As we begin to advance our CNS pipeline, initial efforts are focused on genetically validated CNS targets, use of biomarkers for initial proof-of-concept, and disease settings with high unmet need and a definable path to regulatory approval and patient access.”
On May 3, Alnylam provided its first-quarter financials. For a company with no products on the market, it has $1.6 billion in cash and investments. Revenues for the quarter were $21.9 million, compared to $19 million in the same quarter the year before. The revenues came from its alliance with Sanofi Genzyme and with The Medicines Company.
On the other hand, the company has a number of pipeline products, with one awaiting U.S.Food and Drug Administration (FDA) approval. That is patisiran, an investigational RNAi treatment for hereditary ATTR amyloidosis. It is also being evaluated by the European Medicines Agency (EMA).
It also has ALN-TTRsc02, also for ATTR amyloidosis, which is in Phase I trials, and givosiran for acute hepatitis porphyrias (AHPs). It recently completed enrollment of the first 30 patients of givorsiran in the ENVISION Phase III trial. In addition, it has lumasiran, an RNAi therapeutic for primary hyperoxaluria type 1 (PH1), and several other programs.
The patisiran approval is expected in mid-2018, with a PDUFA date of August 11. If approved, the company has plans to launch the drug in the U.S. shortly afterwards. One issue that could face the company is competition from Pfizer’s tafamidis. Pfizer recently released positive data on its Phase III trial of TTR amyloidosis patients with cardiomyopathy. Not much data was made available, but it did show a 50 percent reduction in mortality and a 40 percent cut in hospitalizations.
Stephen Simpson, writing for Seeking Alpha, notes, “Although these results do suggest that tafamidis could be competitive in the cardiomyopathy and hybrid TTR markets (which wasn’t expected before), it seems unlikely to me that the drug will play much of a role in neuropathy—unlike Alnylam’s drug patisiran, which has been shown to reverse symptoms, tafamidis largely leads to just a slower progression for neuropathy patients. Interestingly, patisiran has also been shown to be more effective when given to polyneuropathy patients previously on stabilizers like tafamidis.”
He goes on to note that Alnylam has a lot going on. “Between Alnylam’s controlled drugs and its partnerships with Sanofi (which controls fitusiran, an RNAi drug for hemophilia in pivotal studies) and The Medicines Co. (which controls inclisiran, an RNAi drug for cholesterol in pivotal studies), Alnylam could be looking at six FDA approvals over the next three to four years.”

Tactile Systems Sees Revenues In Range Of $132-134M

Tactile Systems Technology Inc:
* FOR 2018, COMPANY NOW EXPECTS REVENUES IN RANGE OF $132 MILLION TO $134 MILLION
* TACTILE SYSTEMS TECHNOLOGY – QTRLY LOSS PER SHARE $0.00
* REVENUES FOR Q1 2018 INCREASED $7.0 MILLION, OR 35%, TO $26.8 MILLION, COMPARED TO $19.9 MILLION FOR QUARTER ENDED MARCH 31, 2017
* Q1 REVENUE VIEW $23.7 MILLION — THOMSON REUTERS I/B/E/S

Genprex gene therapy IPO fast out of the gate

Recent IPO Genprex (GNPX +86.8%), a gene therapy developer, is up big on a whopping 43x surge in volume. Shares have more than doubled from the $5 debut price.
Lead candidate Oncoprex, in Phase 2 development for lung cancer, is an immunogene therapy consisting of a gene called TUSC2 that is encapsulated in a positively charged lipid nanovesicle. Once injected intravenously, it targets cancer cells which are normally negatively charged. The company says its approach minimizes the uptake of the gene therapy by normal tissue. In studies conducted at MD Anderson, the uptake of TUSC2 in tumor cells was as much as 25x higher than normal cells.

Genentech to present new data from over 19 medicines at ASCO

Genentech, a member of the Roche Group, announced that new data from early and late-stage clinical studies on more than 19 approved and investigational cancer medicines, will be presented at the 2018 American Society of Clinical Oncology, or ASCO, Annual Meeting, taking place from June 1-5 in Chicago. More than 90 abstracts have been accepted across 13 cancer types, including two “late breakers” and 15 oral presentations. “New data to be presented from our industry-leading oncology portfolio, including lung and hematology programs, will demonstrate how our science-driven approach aims to improve outcomes for people living with cancer,” said Sandra Horning, M.D., chief medical officer and head of Global Product Development. “At ASCO, we look forward to sharing our progress and commitment to build the future of personalized healthcare in oncology.

Sangamo sees data readouts beginning in late summer

Sangamo Therapeutics said in its earnings release, “This is an exciting time for Sangamo; we expect potential clinical data readouts from 7 studies in 2018 and 2019, beginning in late summer of this year with anticipated data from our hemophilia A gene therapy and MPS II genome editing programs. In order to realize the potential of our platform technologies, we recently raised additional capital to strengthen our balance sheet. This funding will allow us to retain and invest in valuable programs for development and potential commercialization, particularly in select therapeutic areas including inherited metabolic diseases, rare CNS disorders, and immunology.”

Akcea hit by FDA safety concerns

Akcea Therapeutics (AKCA) and its controlling holder Ionis Pharmaceuticals (IONS) are moving lower after an FDA panel posted its briefing document ahead of Thursday’s meeting to discuss Akcea’s volanesorsen. The document reads, “Despite the magnitude of the effect observed on TG, the volanesorsen review team remains uncertain whether the benefits of volanesorsen outweighs its risks, considering safety concerns with this product. Although the reviews highlight several safety/tolerability issues, the primary focus for both the applicant and the reviewers has been the risk of thrombocytopenia and resulting potential for serious bleeding.” It adds, “After the NDA review was well-underway, the applicant unexpectedly submitted an amendment that proposed a new dosing and platelet monitoring strategy for labeling that had not been implemented in any of the clinical trials… Regarding platelet monitoring, the review team (including the hematology consultant) questions the feasibility and effectiveness of a monitoring scheme of this intensity for a lifelong therapy. At present, we have no evidence that the risk of severe thrombocytopenia diminishes with time.” Shares of Akcea are down 12% in premarket trading, or $2.67, to $19.00 while Ionis is down 2.5% to $43.22.

Ionis cut from buy by Evercore

Ionis Pharmaceuticals cut to In Line at Evercore ISI after volanesorsen review. As reporter earlier, Evercore ISI analyst Josh Schimmer downgraded Ionis Pharmaceuticals to In Line from Outperform and lowered his price target to $46 from $55. The analyst cites the safety concerns around volanesorsen discussed in the latest FDA briefing documents, which also “dismantled the company’s claims” that the treatment leads to benefits in pancreatis. Schimmer says that while he did not assign much value around volanesorsen, he is now removing it from the model until there is more certainty around the drug profile while also increasing the discount rate to reflect additional platform uncertainty.