Search This Blog

Friday, May 18, 2018

Alpine Is A Buy Ahead Of Clinical Trials: Wedbush

Wedbush analysts see an attractive entry point for Alpine Immune Sciences Inc. ALPN 12.94%, as the biotech‘s initial candidates will enter the clinic over the next year.

The Analyst

Robert Driscoll of Wedbush initiated coverage on Apline with an Outperform rating and $13 price target.

The Thesis

Alpine’s “directed evolution” approach to multifunctional protein-based therapeutics could modulate immune synapse better than conventional immunotherapeutics for treatment of cancer and autoimmune or inflammatory diseases, Driscoll said in a note. (See the analyst’s track record here.)
The company’s variable immunoglobin domain platform uses directed evolution to create novel therapeutics and could have a broad utility across therapeutic modalities, the analyst said.
Alpine’s ALPN-101 is expected to enter the clinic in the fourth quarter, Driscoll said.
“ALPN-101 has demonstrated compelling preclinical activity in multiple models of inflammation and autoimmune disease.”
Another key asset is the ALPN-202 immuno-oncology program, which could prove to be a strong competitor, the analyst said.
“We see the targeting of multiple pathways with a single molecule as providing significant advantages over other I-O combination approaches in development, including selectivity, convenience and cost.”

Celiac Testing Paradigm Underdetects Disease

Currently accepted indications for celiac disease testing are ineffective and fail to discriminate between patients with and without undiagnosed celiac disease, according to a case-control study in Alimentary Pharmacology and Therapeutics. Although almost 40% of a 400-patient cohort had at least one testing indication, the study found that fewer than 5% of the patients were actually tested for celiac disease — suggesting, the authors said, a strong need for alternative methods of detecting symptomatic celiac disease.
“This is a novel and clinically relevant finding,” the study’s senior author, Alberto Rubio-Tapia, MD, of the Mayo Clinic in Rochester, Minn., told MedPage Today. “Celiac disease remains one of the most unrecognized disorders among physicians despite better awareness about the disease in the public.”
The study also found that individuals with undiagnosed celiac disease were more likely to develop indications for testing such as osteoporosis and autoimmune conditions.
The researchers noted that celiac disease is significantly underdiagnosed, with clinical testing currently guided by case finding. While this condition affects 1% of North Americans and Western Europeans, an estimated 83% of cases in the United States go undiagnosed, showing a lack of awareness among clinicians and the ambiguous nature of symptoms, the team said.
In 2017, a U.S. Preventive Services Task Force recommendation judged the evidence supporting targeted screening of asymptomatic persons to be insufficient.
Rubio-Tapia et al based their case-control study of adults with no prior celiac disease on serum samples from patients treated by the Mayo Clinic during 1995-2009 and residing in Olmsted County, Minn.
Blinded reviewers identified undiagnosed cases through sequential serology, and cases were matched by age and gender to unaffected controls. Medical records were reviewed for indications for and evidence of clinical testing.
In a cohort of 47,557 adults, 400 cases of undiagnosed celiac disease were identified and matched to 400 serology-negative controls. In the cohort, 61% were female and median age was 44.2.
While 38.3% of the cases (n=306) had at least one indication for testing, only 4.4% (n=35) were tested in the community setting before serologic testing. And testing was less frequently done in undiagnosed celiac disease, with nine cases (2.3%) tested, as opposed to 26 controls (6.5%), for an odds ratio (OR) of 0.32 (95% CI 0.14 to 0.71, P=0.005).
Serologic testing was similar between the cases and controls: OR 0.583 (95% CI 0.23 to 1.48, P=0.26), but small-bowel biopsies were significantly more likely in controls: OR 0.06 (95% CI 0.01 to 0.42, P=0.005).
Classical and non-classical symptoms and signs associated with celiac disease included vitamin and iron deficiency, anemia, iron deficiency (P=0.001), diarrhea, chronic diarrhea, recurrent abdominal pain, bloating, and incidental villous atrophy. Other indicators were dermatitis herpetiformis, hypothyroidism, infertility, chronic fatigue, vitiligo, a family history of celiac disease, and type 1 diabetes mellitus.
Serologic status was not associated with having an indication for testing, and 38.8% of cases and 37% of controls had some indication: OR 1.18 (95% CI 0.85 to 1.63, P=0.32). The number of indications for testing per individual was also similar between the two groups.
While most indications for clinical testing did not differ significantly between cases and controls, hypothyroidism was significantly more likely in those with undiagnosed celiac disease: OR 2.07 (95% CI 1.12 to 3.83, P=0.02).
Undiagnosed celiac disease cases were less likely to have dyspepsia and chronic diarrhea, but more likely to develop comorbid conditions such as osteoporosis (P=0.005), dermatitis herpetiformis (P=0.006), chronic fatigue (P=0.033), thyroiditis (P=0.003), and autoimmune diseases (P=0.008), as well as more likely to have family member with a diagnosis of celiac disease (P=0.001).
“Even if you apply the current paradigm to perfection, detection may improve a bit, but most cases will remain undiagnosed and a large number of persons without the disease may be exposed to the risk of testing to detect a minority of cases with celiac disease,” Rubio-Tapia said,
New strategies for clinical detection are urgently needed, he emphasized. “The challenge is to increase detection among celiac disease cases and also to reduce the number of persons without celiac disease exposed to testing. Gastroenterologists should think about celiac disease more broadly — not just as a gastrointestinal condition but also as a systemic disorder with multiple clinical presentations. [Clinicians] should have a low threshold for testing for celiac disease that is not just limited to traditional high-risk groups, since this study strongly suggests that most cases will remain undiagnosed following the current paradigm of case-finding.”
The researchers noted that study limitations included the fact that undiagnosed celiac disease was identified through sequential serology only, since duodenal biopsies were not available because of a lack of contact with participants. In addition, serology was tested at a random point of time in a given participant’s medical history, yet there has been evidence of seropositivity regression in the pediatric population.
Another potential limitation was that the study did not identify immunoglobulin A deficiency, which can lead to a false-negative immunoglobulin A tissue transglutaminase antibody, leading to possible misclassification of an estimated nine individuals in the cohort of 47,577, Rubio-Tapia et al continued. Nor did the study identify patients on a gluten-free diet, which might have led to false-negatives in a small number, since the collection years predated the trend to gluten-free diets.
The study received funding from the National Institutes of Health.
The authors reported having no conflicts of interest.

Data dealer IQVIA publicly hit by FDA’s Gottlieb for errors in its opioid sales data

In the midst of a war against opioid abuse, FDA Commissioner Scott Gottlieb, M.D., has publicly chastised one of the agency’s key vendors for providing inaccurate sales data on opioids, including fentanyl.
He took to Twitter to call out IQVIA, whose data services are used widely in the industry and by the DEA and other federal agencies to track trends, like opioid sales. The agency said the errors resulted in over-reporting of fentanyl sales by 20% for the last five years. The agency outlined its issues in a release.
Scott Gottlieb, M.D.
✔@SGottliebFDA
The @IQVIA_global errors raise concerns about systemic issues w/their data & quality control procedures. I’ve called on IQVIA to retain an independent 3rd party auditor to conduct a complete review of data quality & QC procedures for data used by FDA https://bit.ly/2ILEeyg  (272)
The company quickly responded. “We stand behind our data methodologies. We value our long-standing relationship with the FDA,” it said in a statement. “We take the FDA’s concerns seriously and will continue working with the FDA to resolve these concerns to its satisfaction.”
The company said that even before the FDA contacted it, the company had discovered an error in its kilogram conversion measurement that led it to overreport sales of “transdermal patches in the opioid market.” It said it had already contacted clients about the issue.
“This measurement conversion issue does not impact our widely used US and global dollar and unit information in NSP or information in any other IQVIA market research services, methodologies or offerings,” the statement said.

While the FDA acknowledged the data in question was only “narrowly” used by the DEA to determine how much of the controlled substance should be produced in a year, the FDA said a deep dive into other IQVIA data found similar mistakes for sales of other opioids, including oxymorphone and hydrocodone.
“Data integrity and validity are critical to the work FDA does on behalf of the American public,” the FDA said. “When we discover irregularities or inconsistencies in the data we use, we take such deficiencies very seriously.
“(W)e are sharing this information publicly because these data have been used in forecasts that have the potential to impact ongoing work to fight the opioid epidemic,” it said.

J&J details success with Phase 3 prostate cancer med

The Janssen Pharmaceutical Companies of Johnson & Johnson today presented a post-hoc analysis from the Phase 3 SPARTAN study that showed treatment with ERLEADA (apalutamide) significantly reduced the risk of prostate specific antigen (PSA) progression in patients with non-metastatic castration-resistant prostate cancer (nmCRPC) who had a rapidly rising PSA while receiving continuous androgen deprivation therapy (ADT) (Abstract PD10-11). These data were presented during the Prostate Cancer: Advanced (including Drug Therapy) I Oral Podium Session at the 2018 American Urological Association (AUA) Annual Meeting.
Additionally, Janssen presented another study that assessed the association between PSA doubling time and both metastasis-free survival (MFS) and overall survival (OS) in patients with nmCRPC (Abstract PD10-04). Shorter PSA doubling time has been associated with shorter time to metastasis or death.[1],[2]
‘Patients with non-metastatic castration-resistant prostate cancer are at risk for metastases and mortality. In these patients, PSA doubling time is an important predictor of outcomes, including time to developing metastases or symptoms from their cancer,’ said Eric Small, M.D. FASCO, Professor of Medicine, Chief of the Division of Hematology and Oncology, and Deputy Director of the Helen Diller Comprehensive Cancer Center at the University of California, San Francisco, and co-principal investigator of the SPARTAN study. ‘This analysis further underscores the efficacy of apalutamide therapy and helps us understand how PSA changes in these patients are associated with clinical outcomes.’

Quest: Overdoses level off in Akron area, but patients show up in ER in withdrawal

The moving daily average of accidental drug overdoses tracked by Summit County Public Health leveled off this week at just under four people per day.
Between May 11 and May 17, 26 Summit County residents turned up at hospital emergency rooms after overdosing.
Most — 69.2 percent — were men. Overall, the average age of those who overdosed was just over 40.
Yet that snapshot doesn’t tell the whole story.
During that same time, 14 more residents turned up at emergency rooms going through drug withdrawal or detox.
And another seven were treated for intentionally overdosing, either because they were trying to kill themselves or had suicidal thoughts, the weekly public health report shows.
The local report doesn’t ferret out which drugs people were taking, but a new national report by the private lab testing company Quest Diagnostics backs up what local officials see: Methamphetamine, after declining a decade ago, is roaring back.
Quest Diagnostics –a huge national player workplace drug testing — revealed that between 2013 and 2017, its tests revealed a 167 percent spike in meth use among employees in Ohio, Michigan, Indiana and Illinois.
At the same time, the testing revealed that American workforce is using fewer prescription opiates but employees continue to use drugs more now than at any time during the past decade.
To see Quest’s national interactive map of positive drugs tests in the workforce, go to http://www.dtidrugmap.com.
In Greater Akron, about 2.5 percent to 4.5 percent of the workforce tests come back positive for drugs, the map shows. But the true rate could be much higher, particularly among those seeking work.
This week, The Christian Science Monitor revealed 40-60 percent of job applicants in the Youngstown/Warren area are failing drug tests, according to a the regional chamber of commerce.
Employers drug test because of safety hazards and because Ohio businesses can get a discount on worker compensation premiums for maintaining drug-free workplaces, the paper reported.
That hits roofers, masons and other trades especially hard, the report said, because it’s particularly dangerous to operate heavy machinery when high.
State Rep. Tim Schaffer, R-Columbus, told the Christian Science Monitor he’s talked with HVAC contractors who could double the size of their businesses if they could find qualified people.
“They are just begging for people who want to make $50,000 to $60,000 per year with a brief training program,” he said in the report.

AstraZeneca insists future is bright after big Crestor sales hit

AstraZeneca’s first-quarter profit was hit by generic competition to cholesterol fighter Crestor and higher costs, but the drugmaker expects a better second half and said it remained on track for a promised return to sales growth in 2018.

Core operating profit tumbled 46 percent to $896 million (663 million pounds), well below market forecasts, and Crestor sales fell 38 percent as cheap copycat versions of the drug stole market share in Europe and Japan.
Chief Executive Pascal Soriot said on Friday the performance was in line with his expectations, adding that the company’s latest arrivals – Imfinzi for cancer and Fasenra for severe asthma – had both got off to a strong start.
China sales, up 31 percent at more than $1 billion, also continued to be a bright spot and Soriot said the hit from Crestor patent expiries would decline materially in the second half.
“The headwinds that we are experiencing from patent expiries will be very much behind us by the end of this year,” he said.
Still, the shares fell more than 2 percent as investors focused on the profit miss and the battle AstraZeneca faces as it strives to replace former blockbuster medicines.
The drugmaker has suffered the industry’s biggest patent cliff since 2012, wiping out more than half of its sales, although analysts are now forecasting that it will show good growth in the years ahead as new drugs deliver.
While sales of some of these products are small at present, Deutsche Bank analyst Richard Parkes said Imfinzi and Fasenra had beaten expectations by 39 percent and 103 percent respectively, auguring well for the future.
Barclays analysts agreed. “Despite the headline miss we actually regard this as a positive set of numbers,” they wrote in a note to clients.
IMMUNOTHERAPY FIGHT
Imfinzi, AstraZeneca’s key bet in lung cancer immunotherapy, has stolen a march over rival drugs from Merck & Co, Bristol-Myers Squibb and Roche in treating certain mid-stage patients, although it lags elsewhere.
The group’s total product sales in the three months rose a modest 3 percent, helped by a weaker dollar, but were down 2 percent in constant currencies, which is the benchmark AstraZeneca uses for measuring its return to growth this year.
Total revenue fell 4 percent in dollar terms to $5.18 billion, reflecting investment in new drug launches and a lack of divestments compared with a year earlier. Core earnings per share, which exclude some items, slumped 51 percent to 48 cents.
Analysts, on average, had forecast earnings of 60 cents on revenue of $5.28 billion, Thomson Reuters data showed. For the year, the company continues to predict EPS of $3.30 to $3.50.
Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023, has presided over a volatile period at AstraZeneca.
AstraZeneca shares suffered their biggest ever daily fall last July on disappointing initial results from a lung cancer immunotherapy trial dubbed Mystic. The stock has since rallied, helped by good news from two other studies.
More data from the Mystic trial is due in the second half of this year.
Despite the recovery in AstraZeneca’s shares in recent months, some investors are unhappy at the bonuses Soriot has been paid and the company could face a revolt over executive pay at its annual meeting later on Friday.
“We are in ongoing discussion with the shareholders to address their concerns,” Soriot said.

Regulators flag possible birth defect link to Glaxo HIV drug

U.S. and European regulators said they were assessing evidence that GlaxoSmithKline’s HIV drug dolutegravir might be linked to serious birth defects, casting a shadow over a medicine that has been a key profit driver in recent years.

Friday’s move by the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) follows preliminary data from a study in Botswana which found four cases of neural tube defects in babies born to mothers who became pregnant while taking the drug.
GSK said it was notifying doctors of the issue and working with healthcare authorities to better understand the potential risk.
“There is no known mechanism linking dolutegravir with these types of birth defects and there are no relevant findings in pre-clinical studies,” the company said in a statement.
The EMA said dolutegravir should not be prescribed to women seeking to become pregnant and women who could become pregnant should use effective contraception while taking it.
Neural tube defects (NTDs), such as spina bifida, are birth defects that can occur early in pregnancy when the spinal cord, brain and related structures do not form properly.
Dolutegravir is a so-called integrase inhibitor found in the branded medicines Tivicay and Triumeq, which are sold by GSK’s majority-owned ViiV Healthcare unit. Gilead Sciences makes a recently approved rival product called bictegravir.
The drugs work by blocking an HIV enzyme to prevent the virus from multiplying, thereby reducing the amount of virus in the body.
“Animal models are generally predictive of drug-induced birth defects and it is very unusual to see an effect in humans if no evidence is observed in animal models,” GSK said.
The World Health Organisation already advises against using the drug during pregnancy or breast-feeding due to insufficient safety and efficacy data in this population, and this guidance remains unchanged.
The role of dolutegravir in the four birth defects in Botswana has yet to be established, since NTDs are also associated with risk factors like folic acid deficiency and obesity.