Search This Blog

Thursday, June 7, 2018

Clinical trial disruptor Science 37 in talks with SoftBank on a $150M investment


Just a few months after pharma giant Novartis partnered up with Science 37 on its virtual approach to clinical trial work, Recode reports that the would-be CRO disruptor is in talks with SoftBank execs on a $150 million investment.

SoftBank, which provided Roivant chief Vivek Ramaswamy with more than a billion dollars to invest in biotech, evidently has been drawn to Science 37’s promise that it can efficiently and effectively recruit patients for clinical trials without forcing them into a trial site. Using new telemedicine tech, they say they can accumulate clean datasets to show whether or not new drugs are working — hoping to disrupt the big players who now dominate the CRO world.
Quoting sources, Recode notes that Science 37 is planning to value itself at $300 million for this deal, up about $100 million since Lux Capital and Google’s GV helped back the company a little more than a year ago.
SoftBank’s big, $98 billion Vision Fund has made repeated forays into the world of drug development and technology. Aside from Roivant, the group participated in the massive $500 million round to back George Scangos’ Vir, which is working on an infectious disease drug pipeline.
The CRO business has undergone a decade of shaking out as private equity groups moved in to buy up the outsourcing companies and meld them into a set of large and aggressive global players, often with big staffs. Shaking them up with a new tech approach won’t come easily in an R&D world where safe and dependable are key watchwords in the high-risk world of drug development.
But Science 37 continues to build up a head of steam to give it a try.

Tilting at vaccines giants, SutroVax fuels up on a $170M-plus quest


A little biotech tilting against giants in the global vaccines business has just lined up an $85 million round to back their clinical quest aimed at conquering the pneumococcal conjugate vaccine business. And they’ve added crossover investors — as well as a world-famous vaccines honcho — in the round as they continue to plot out a risky path forward into a mega-blockbuster market.

GlaxoSmithKline’s ex-vaccines chief Moncef Slaoui is coming on board as chairman of SutroVax as the Foster City, CA-based biotech pushes past the $170 million mark on fundraising. All that money, plus everything to come, is riding on the belief that the Sutro spinout has reliable tech that can whip up a first-in-class product that conjugates a big cluster of antigens to site-specific locations on a protein carrier without hobbling T-cell helpers, building a better vaccine the giants can’t touch.
CEO Grant Pickering tells me much of the new money will be used to line up the manufacturing work that will be needed as they begin to test their vaccine for pneumococcal pneumonia in humans.
Right now, that market is dominated by Pfizer’s $6 billion a year product Prevnar 13, which upped the ante on pneumococcus strains that can be guarded against. Prevnar 13 is the world’s best-selling vaccine. Merck just started a late-stage program for V114 that hopes to shove Pfizer aside with a new product that takes that to 15. And SutroVax says it can go past the 20 mark using tech for a conjugate vaccine that no other company can rival.
“Having just a few more strains really is a significant competitive advantage,” says Pickering, who is hoping to vault the giants with a product that can carve away billions — and keep it.
That’s not going to come cheap — and certainly won’t be easy. Pickering allows that the syndicate was brought together with an eye to keeping their options open on an IPO at some point. The CEO also isn’t ready to lay out his development timelines, exact number of strains they’re planning on or even when the first human will be tested.
Why flag your entire plan in a competitive field like this?
New investor TPG Growth, Medicxi and Foresite Capital all came on board with this round. That adds Medicxi’s Francesco de Rubertis to the group, while all of SutroVax’s existing institutional investors, including Abingworth, Longitude Capital, Frazier Health Care Partners, Pivotal bioVenture Partners, Roche Venture Fund, and CTI Life Sciences Fund came back.

Medicxi in turn is backed by a trio of giants — J&J, GSK and Novartis — and offers a “nice lens” into their thinking on this program, which dominates the biotech’s time. Slaoui, who offered a thumbs up for the company’s “huge potential,” will help with the global perspective as well.

Potential ‘One-Two’ Punch for Treating MS


A potential one-two punch to treat multiple sclerosis (MS) comes in the form of an estrogen receptor β (ERβ) ligand that could both reduce the inflammation that limits current treatment efficacy and provide a more favorable environment for promoting myelin repair, new research suggests.
Treatment with several ERβ ligands in a mouse model of MS was associated with an increase in a neutrophil chemoreactant called CXCL1. Elevated levels of CXCL1 in the brain and periphery, in turn, correlated with increased axon remyelination.
“Existing therapies for MS are immunomodulatory and slow disease disability, but fail to reverse or prevent disease progression or restore and repair myelin,” study author Seema K. Tiwari-Woodruff, PhD, associate professor of biomedical sciences at the University of California (UC), Riverside, School of Medicine, told Medscape Medical News.
Identifying the mechanism behind therapeutic benefits of ERβ ligands is critical for developing new therapies that promote remyelination, she added. The study revealed the promise of one of these ligands in particular: indazole chloride.
“Although we weren’t surprised at the effectiveness of ERβ ligands, we were surprised by the finding that indazole chloride can curb ‘bad’ inflammation and enhance the ‘good’ inflammation,” Tiwari-Woodruff said.
Inflammation in the setting of autoimmune diseases like MS is harmful but inflammation in other settings, such as fighting infection and wound healing, is beneficial, she noted. The researchers found that indazole chloride reduces harmful inflammation and promotes beneficial inflammation by strengthening production of CXCL1, making new oligodendrocytes more resistant to harmful inflammatory signals while they remyelinate.
In addition to upregulation of CXCL1, compared with vehicle only, ERβ ligands improved axon myelination, decreased pro-inflammatory cytokines, and had no effect on leukocyte infiltration into the central nervous system.
“The finding is unique and encouraging as treating a complex disease such as MS requires modulating the immune system,” Tiwari-Woodruff said. “Indazole chloride has the potential to do just that.”
The results were published online May 29 in Proceedings of the National Academy of Sciences of the United States of America.

Building on Earlier Findings

Previous research by the UC Riverside team demonstrated that a modestly selective ERβ ligand, diarylpropionitrile, provided neuroprotection in a mouse model of MS but did little to limit inflammation caused by the disease (Neurobiol Dis2013;56:131-144).
“Recently, we, along with our collaborator Dr John Katzenellenbogen of the University of Illinois at Urbana-Champaign, found that the more selective ERβ ligand indazole chloride improves clinical disease and motor function in the same mouse model,” said Tiwari-Woodruff.
The current research also reflects initial estrogen studies. They showed that nonselective endogenous estrogens present during pregnancy reduced MS relapse frequency and severity through ER-α–mediated suppression of inflammation.
“Unfortunately, estrogenic signalling through ERα is also feminizing in males and associated with proliferative effects that increase cancer risk, limiting the usefulness of endogenous estrogens,” write the investigators. “In contrast, selective ERβ ligands offer many of estrogen’s benefits without these deleterious side effects.”

“Fast Moving and Exciting” Research

The current study is part of a research movement, noted Bruce Bebo, PhD, executive vice president of research at the National MS Society, when asked to comment.
“It’s a well-done, thorough paper that gets a little bit more at the mechanism for how estrogen receptor β ligands might be promoting repair,” he told Medscape Medical News
“One of the things that stood out for me was the observation that they could induce repair even in the context of extensive immune cell accumulation in the nervous system. That’s been one of the challenges in myelin repair — we pharmacologically promote repair in an area with a lot of active inflammation,” said Bebo.
“The area of myelin repair has received a lot of attention in the last 5 years. It’s a fast moving and exciting area of MS research,” he added.
“A lot of exciting approaches are being studied” in both basic research and clinical trials underway evaluating repair agents, Bebo noted. “In my opinion, it’s only a matter of time before we understand how we can promote repair in MS and…before we have a repair therapy in the clinics.”

Encouraged to Search Further

Because indazole chloride works differently than many currently available pharmaceutical agents, “we are hopeful that the effects we see in mice will translate into the clinic,” Tiwari-Woodruff said. “However, many encouraging preclinical studies in animals have ended in failure when brought to clinical trials, so more research is needed to say with certainty,” she added.
In fact, other ERβ ligands may feature a more potent beneficial effect, she said. For this reason, she is collaborating further with Katzenellenbogen to test new and potentially better analogues of indazole chloride.
“We have screened and submitted a patent application for over 15 indazole chloride analogues and are in the process of publishing a report of their efficacy in comparison to indazole chloride coming out soon,” Tiwari-Woodruff  said.
Finding an even more powerful ERβ ligand that inhibits critical elements of the immune attack and at the same time promote repair “would be a real potent combination,” Bebo commented.

The Bigger Picture

The interplay between central nervous system–derived and immune-derived signals is central to the induction and regulation of neuroinflammatory diseases such as MS, Tiwari-Woodruff said. “Our study opens up new possibilities that ERβ ligands like indazole chloride modulate inflammation to potentially promote myelin repair and remyelination.”
And the big picture potential could go beyond MS, she added. We believe that indazole chloride-like compounds could be a potential targeted therapy for MS and other diseases with inflammatory demyelination.”
Tiwari-Woodruff and Bebo have disclosed no relevant financial relationships.
Proc Natl Acad Sci U S A. Published online May 29, 2018. Article

Translate Bio to Present Preclinical Cystic Fibrosis Therapy Data


 Translate Bio, a leading messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction, today announced an oral presentation at the 41st Annual European Cystic Fibrosis Conference taking place in Belgrade, Serbia, from June 7-10, 2018.
Presentation Title: Development of a CFTR mRNA therapy capable of treating lung disease in all patients with cystic fibrosis
Date and Time: June 7, 2018 at 5:00 p.m. CET
Session title: Pharmacology and genetic tools for CF basic research correction
Presenting Author: Ann Barbier, MD, PhD, Chief Medical Officer
Abstract number: WS09.1
The full abstract can be found at https://www.ecfs.eu/belgrade2018.
About MRT5005
MRT5005 is the first clinical-stage mRNA product candidate designed to address the underlying cause of CF by delivering mRNA encoding fully functional cystic fibrosis transmembrane conductance regulator (CFTR) protein to the lung epithelial cells through nebulization. MRT5005 is being developed to treat all patients with CF, regardless of the underlying genetic mutation. In 2015, the FDA granted orphan drug designation to MRT5005 for the treatment of CF.
About Cystic Fibrosis
Cystic fibrosis is the most common fatal inherited disease in the United States, affecting more than 30,000 patients in the U.S. and more than 70,000 patients worldwide. CF is caused by genetic mutations that result in dysfunctional or absent CFTR protein. This defect causes mucus buildup in the lungs, pancreas and other organs. Mortality is primarily driven by a progressive decline in lung function. According to the Cystic Fibrosis Foundation, the median age at death for patients with CF was 29.6 years in 2016. There is no cure for CF. CFTR modulators that are currently marketed or in clinical development are effective only in patients with specific mutations, and patients still experience pulmonary exacerbations and a progressive decline in lung function, which represents a significant unmet need.
About Translate Bio
Translate Bio is a leading mRNA therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction. The Company’s MRT platform is designed to develop product candidates that deliver mRNA carrying instructions to produce intracellular, transmembrane and secreted proteins for therapeutic benefit. The Company believes that its MRT platform is applicable to a broad range of diseases caused by insufficient protein production or where production of proteins can modify disease, including diseases that affect the lung, liver, eye, central nervous system, lymphatic system and circulatory system. The Company’s two lead programs are being developed as treatments for CF and ornithine transcarbamylase (OTC) deficiency. For more information about the Company, please visit www.translate.bio .

ArQule to Present Clinical Data for its Blood Cancer Inhibitor


ArQule, Inc. (Nasdaq: ARQL) today announced clinical data from the company-sponsored ARQ 531-101 Phase 1 dose escalation study in subjects with relapsed or refractory hematologic malignancies will be presented on June 15, 2018 at the EHA Congress in Stockholm, Sweden. ARQ 531 is an orally bioavailable, potent and reversible inhibitor of both wild type and C481S-mutant Bruton’s tyrosine kinase (BTK).
Presentation Details
Friday, June 15, 2018: Chronic lymphocytic leukemia and related disorders – Clinical
Title: A Phase 1 Dose Escalation Study of ARQ 531 in Selected Patients with Relapsed or Refractory Hematologic Malignancies
Location: Poster area
Time: 17:30-19:00 CET
Abstract Code: PF355
About BTK and ARQ 531
Bruton’s tyrosine kinase, BTK, is a therapeutic target that has been clinically proven to inhibit B-cell receptor signaling in blood cancers. ARQ 531 is an orally bioavailable, potent and reversible BTK inhibitor. Biochemical and cellular studies have shown that ARQ 531 inhibits both the wild type and C481S-mutant forms of BTK. The C481S mutation is a known resistance mechanism for first generation irreversible BTK inhibitors. In preclinical studies, ARQ 531 has demonstrated good oral bioavailability as well as favorable pharmacokinetic, pharmacodynamic and metabolic properties.

Cancer Diagnosis Linked to Elevated Risk for Diabetes


Cancer development was tied to an increased risk of later type 2 diabetes, South Korean researchers reported.
While this elevated risk was highest during the initial 2 years following a diagnosis of cancer, risk of type 2 diabetes persisted throughout the 10-year follow-up period (adjusted HR 1.35, 95% CI 1.26-1.45, P<0.001), according to Yul Hwangbo, MD, of Sungkyunkwan University in Seoul, and colleagues.
Among the large cohort of Korean individuals, the excess risk for diabetes development also varied according to cancer type — notably highest for pancreatic cancer, the group wrote in JAMA Oncology, but significant for eight other types as well:
  • Pancreatic: HR 5.15 (95% CI 3.32-7.99)
  • Kidney: HR 2.06 (95%CI 1.34-3.16)
  • Liver: HR 1.95 (95%CI 1.50-2.54)
  • Gallbladder: HR 1.79 (95%CI 1.08-2.98)
  • Lung: HR 1.74 (95% CI 1.34-2.24)
  • Blood: HR 1.61 (95%CI 1.07-2.43)
  • Breast: HR 1.60 (95%CI 1.27-2.01)
  • Stomach: HR 1.35 (95%CI 1.16-1.58)
  • Thyroid cancer: HR 1.33 (95% CI 1.12-1.59)
“The increased risk of diabetes after cancer may be related to cancer-management interventions,” the authors explained, adding how corticosteroid use may be one possible explanation for this association.
“Corticosteroid use is associated with hyperglycemia and with diabetes development, a process mediated primarily by reduced insulin sensitivity,” they wrote, highlighting that corticosteroid use is commonly used throughout cancer treatment including in “the prevention of chemotherapy-induced emesis and hypersensitivity, the management of brain metastasis and metastatic spinal cord compression, the control of hematologic cancers, and the reduction of cancer-related fatigue, and improvement of quality of life.”
Other possible mechanisms behind this association may be due to exposure to chemotherapy agents, such as L-asparaginase, total body irradiation, and immunosuppressive agents like calcineurin inhibitors, and tamoxifen, which may cause hyperglycemia and subsequent risk for type 2 diabetes.
This study included a nationally representative group of around 500,000 adults from South Korea appearing in the National Health Insurance Service-National Sample Cohort. Among these individuals — all of whom were free from cancer and type 2 diabetes at baseline — 15,130 developed cancer and 26,610 developed diabetes during the 10-year follow-up.
Although most cancer types were associated with an increased risk for type 2 diabetes development, some cancers types were not, including uterine, ovarian, colorectal, head and neck, esophageal, and prostate cancers. The development of testicular and brain cancers also trended towards a slightly increased risk for diabetes, however these associations were not statistically significant.
Hwangbo’s group also reported that there was no significant association between the amount of annual medical visits, including inpatient and outpatient visits, with the risk for diabetes after cancer.
Because information on cancer and diabetes diagnoses were only based on claim information, the authors warned that diabetes cases may have been underestimated. They also did not obtain information on cancer stage.
In addition, people with cancer have more frequent contact with healthcare providers, and therefore a surveillance bias may be at play, but the authors excluded diabetes cases that occurred within the first 31 day following a cancer diagnosis to help account for this.
“Physicians should remember that patients with cancer develop other clinical problems, such as diabetes,with higher frequency than individuals without cancer, and should consider routine diabetes screening in these patients,” the authors wrote.
The study was supported by the Korean Ministry of Health and Welfare.
Hwangbo and co-authors disclosed no relevant relationships with industry.

P&G: Activist Peltz says his reorg plan under ‘very serious consideration’

  • Shares of Procter & Gamble rise 2 percent Thursday after Trian Partners’ Nelson Peltz indicates his proposal for reorganizing the company is gaining traction.
  • “It’s really under very serious consideration,” Peltz says of Trian’s white paper, which describes how P&G could improve its business.
  • Peltz is speaking Thursday at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer.
Nelson Peltz
Nelson Peltz
Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction.
“It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local brands and increasing external talent.
Peltz joined P&G’s board in March after a vigorous proxy fight last year that he initially lost by a narrow margin, before the consumer goods giant eventually agreed to appoint the activist to its board. He was speaking Thursday at The Deal conference in New York City, run by CNBC “Mad Money” host Jim Cramer.
Peltz said the board has been very welcoming since it’s clear shareholders don’t want business as usual. He added that his goal is to create an ownership mentality in P&G’s boardroom, and that the proposed structure calls for direct accountability, rather than the lack of responsibility prevalent in older, previously very successful companies.
Trian took a $3.5 billion stake in Procter & Gamble early last year.