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Monday, June 11, 2018

Alder hit as Allergan releases data from migraine drug study


Shares of Alder Biopharmaceuticals (ALDR) are sliding after Allergan (AGN) announced “positive” results from CGP-MD-01, a Phase 2b/3 clinical trial evaluating the company’s oral migraine drug. Alder is developing eptinezumab for the treatment of migraine.
‘POSITIVE’ RESULTS FROM MIGRAINE STUDY: Allergan announced “positive” results from CGP-MD-01, a Phase 2b/3 clinical trial evaluating the efficacy, safety, and tolerability of orally administered atogepant. All active treatment arms of atogepant met the primary endpoint across all doses and dose regimens, with a statistically significant reduction from baseline in monthly migraine/probable migraine headache days in patients with episodic migraine treated with atogepant compared with placebo for 12 weeks. Atogepant is Allergan’s second orally-administered investigational calcitonin gene-related peptide receptor antagonist in development for migraine prevention. Atogepant follows ubrogepant, Allergan’s first oral investigational CGRP antagonist for the acute treatment of migraine, which reported two positive Phase 3 pivotal trial results earlier this year. Allergan will continue with its phase 3 program for atogepant following discussions with regulatory authorities.
WHAT’S NOTABLE: This morning, Mizuho analyst Irina Koffler raised her price target for Allergan to $176 from $150, citing stronger Botox expectations in both migraine and cosmetic indications. Further, the analyst pointed out that she views recent investor activism as a positive. She reiterated a Neutral rating on Allergan shares.
PRICE ACTION: In morning trading, shares of Alder have dropped over 3.6% to $16.42. Also developing a drug for the treatment of migraine, Biohaven Pharmaceutical (BHVN) is fractionally lower to $35.56.

Serious new hurdle for CRISPR: Edited cells might cause cancer, find two studies


Editing cells’ genomes with CRISPR-Cas9 might increase the risk that the altered cells, intended to treat disease, will trigger cancer, two studies published on Monday warn — a potential game-changer for the companies developing CRISPR-based therapies.
In the studies, published in Nature Medicine, scientists found that cells whose genomes are successfully edited by CRISPR-Cas9 have the potential to seed tumors inside a patient. That could make some CRISPR’d cells ticking time bombs, according to researchers from Sweden’s Karolinska Institute and, separately, Novartis.
CRISPR has already dodged two potentially fatal bullets — a 2017 claim that it causes sky-high numbers of off-target effects was retracted in March, and a reportof human immunity to Cas9 was largely shrugged off as solvable. But experts are taking the cancer-risk finding seriously.
The CEO of CRISPR Therapeutics, Sam Kulkarni, told STAT the results are “plausible.” Although they likely apply to one of the main ways that CRISPR edits genomes (replacing disease-causing DNA with healthy versions) more than another (just excising DNA), he said, “it’s something we need to pay attention to, especially as CRISPR expands to more diseases. We need to do the work and make sure edited cells returned to patients don’t become cancerous.”
Another leading CRISPR scientist, who asked not to be named because of involvement with genome-editing companies, called the new data “pretty striking,” and raised concerns that a potential fatal flaw in some uses of CRISPR had “been missed.”

On the other hand, the Novartis paper has been available in preliminary form since last summer, and CRISPR experts “haven’t freaked out,” said Erik Sontheimer of the University of Massachusetts Medical School, whose CRISPR research centers on novel enzymes and off-target effects. “This is something that bears paying attention to, but I don’t think it’s a deal-breaker” for CRISPR therapies.
The Karolinska and Novartis groups tested CRISPR on different kinds of human cells — retinal cells and pluripotent stem cells, respectively. But they found essentially the same phenomenon. Standard CRISPR-Cas9 works by cutting both strands of the DNA double helix. That injury causes a cell to activate a biochemical first-aid kit orchestrated by a gene called p53, which either mends the DNA break or makes the cell self-destruct.
Whichever action p53 takes, the consequence is the same: CRISPR doesn’t work, either because the genome edit is stitched up or the cell is dead. (The Novartis team calculated that p53 reduces CRISPR efficiency in pluripotent stem cells seventeenfold.) That might explain something found over and over: CRISPR is woefully inefficient, with only a small minority of cells into which CRISPR is introduced, usually by a virus, actually having their genomes edited as intended.
“We found that cutting the genome with CRISPR-Cas9 induced the activation of … p53,” said Emma Haapaniemi, the lead author of the Karolinska study. That “makes editing much more difficult.”
The flip side of p53 repairing CRISPR edits, or killing cells that accept the edits, is that cells that survive with the edits do so precisely because they have a dysfunctional p53 and therefore lack this fix-it-or-kill-it mechanism.
The reason why that could be a problem is that p53 dysfunction can cause cancer. And not just occasionally. P53 mutations are responsible for nearly half of ovarian cancers; 43 percent of colorectal cancers; 38 percent of lung cancers; nearly one-third of pancreatic, stomach, and liver cancers; and one-quarter of breast cancers, among others.
The Novartis team was trying to see how it could increase the efficiency of CRISPR editing of pluripotent stem cells. Because this kind of stem cell can morph into virtually any kind of cell, it might be able to treat a variety of diseases. Neuroscientist Ajamete Kaykas of the company’s Institutes for BioMedical Research in Cambridge, Mass., got CRISPR’s efficiency at inserting or deleting chunks of DNA up to 80 percent. Unfortunately, when CRISPR worked, it was because p53 didn’t, which raises cancer concerns.
As a result, the Novartis paper concludes that “it will be critical to ensure that [genome-edited cells] have a functional p53 before and after [genome] engineering.” The Karolinska team warns that p53 and related genes “should be monitored when developing cell-based therapies utilizing CRISPR-Cas9.”
The p53 finding doesn’t mean CRISPR is toast. For one thing, “the two papers present preliminary results,” biochemist Bernhard Schmierer of the Karolinska, co-leader of its study, told STAT. “It is unclear if the findings translate into cells actually used in current clinical studies.”
For another, the p53 problem might be worse with Cas9 than with other DNA-cutting enzymes used in CRISPR. And, crucially, it probably affects only one avenue of genome-editing.

Boston Scientific: Report of buyout approach from Stryker


Shares of Boston Scientific Corp. BSX, +7.84% shot up 8.3% toward a 13-year high in morning trade Monday, after The Wall Street Journal reported that the medical device company received a buyout approach medical technology products company Stryker Corp. SYK, -2.16% Stryker’s stock slumped 3.3%. The WSJ report said it was unclear whether Boston Scientific was receptive to Stryker’s approach. Boston Scientific’s stock was trading at levels not seen since February 2005. At current prices, Boston Scientific had a market capitalization of $47.76 billion, while Stryker’s market cap was $64.65 billion. Boston Scientific’s stock has run up 24.4% over the past 12 months, while Stryker shares hve climbed 21.9% and the S&P 500 SPX, +0.23% has gained 14.4%.

Allergan taps #WeAllGrow influencers for help steering Latinas to CoolSculpting


Allergan is targeting a new growth market with its fat-fighting CoolSculpting treatment: Hispanic women.
The Dublin drugmaker surveyed 255 members of Latina influencer network #WeAllGrow to find that 63% were considering cosmetic surgery as they aged. Ninety-four percent said they had trouble losing weight on certain areas of their bodies, and 52% said they’d combine diet and exercise with a body contouring procedure to get it done.
The company, along with #WeAllGrow, also hosted an aesthetics conversation featuring a board-certified dermatologist and well-known trainer Gia Fey, whose Spanish-language workout videos made her a YouTube sensation. Mike Jafar, Allergan’s VP of body contouring, moderated the discussion.
“Our collaboration with #WeAllGrow is the first step in our desire to learn about Latina perspectives of beauty and their attitudes towards aesthetic procedures,” he said in a statement, adding that Latinas in the U.S. spent $2.49 billion last year on beauty-related products.

When it comes to CoolSculpting, Latinas aren’t the only group Allergan is trying to bring into the fold. Earlier this year, it rolled out a multichannel campaign featuring figure skater Johnny Weir and golfer Ian Poulter in an attempt to reach men.
CoolScupting, which Allergan acquired in last year’s $2.47 Zeltiq buyout, has so far churned out solid sales. And Allergan has needed them to make up for underperforming Kybella, another fat-buster—targeted at double chins—from a different recent buyout.
Meanwhile, the company itself has pledged to slim down by hiving off its women’s health and anti-infectives unit, a move that would allow it to zero in on aesthetics and other businesses it deems “core.” Disgruntled investors, though, have called the idea “half-hearted” and instead called for change at the top of the company to revive slumping shares.

Testing for 63 gene variants identifies elevated risk for prostate cancer


More than 160,000 new cases of prostate cancer are diagnosed in the United States each year, making it the second most common cancer in men after skin cancer, according to the American Cancer Society. It’s also among the most common causes of cancer death in men, second only to lung cancer. So it’s no wonder there’s a high demand for a better understanding of the genetic causes of the disease—insight that could lead to the development of genetic tests to identify who faces the highest risk.
A transatlantic team of scientists led by the London-based Institute of Cancer Research (ICR) has made a major step towards the development of such a test. They identified 63 new genetic variants that increase the risk of prostate cancer. By combining those variants with 100 others that had previously been identified as culprits in prostate cancer, they were able to identify men who are six times more likely to develop the disease because of inherited risk, according to a statement.
The researchers, who were partly funded by the National Institutes of Health (NIH), analyzed DNA from 80,000 men with prostate cancer and 61,000 healthy men. They used a type of gene-analysis technology called OncoArray to scrutinize single-letter changes in the DNA of those men. The study included five scientists from the University of Southern California’s Keck School of Medicine.
Each of the 63 newly discovered variants barely influenced prostate-cancer risk on its own, but when several of them were inherited together, the danger rose dramatically. For example, the men in the top 10% of the population with inherited variants faced a one in four chance of developing prostate cancer, according to the statement. The study was published in Nature Genetics.

The researchers were surprised to discover that several of the variants related to prostate cancer were in genes that come into play when cells communicate with the immune system. They believe that finding warrants further investigation, because it could inform efforts to develop immunotherapy treatments for prostate cancer. The study only involved white males, but parallel research is underway in other ethnic groups, said Christopher A. Haiman, professor of preventive medicine at the Keck School of Medicine, in a statement.
Indeed, understanding the genetic underpinnings of prostate cancer could boost treatment strategies, particularly in patients whose tumors are resistant to standard treatments. Last month, for example, a team at the University of California, San Francisco, published research focused on two genetic mutations that have been found in half of patients with treatment-resistant prostate cancer. After discovering that aggressive prostate tumors with both mutations produce too much of a growth-promoting protein, they found a compound that could block that protein.
The ICR-led team believes the ability to identify men who are born with genetic variants that increase the risk of prostate cancer could change how physicians screen healthy men for the disease—potentially catching more prostate tumors in their earliest stages, when they are easier to treat. The information from the study might also be useful for developing prevention strategies, they believe.
“We are on the cusp of moving from theory to practice,” said Paul Workman, professor and CEO of the ICR, in the statement, “from explaining how genetics affects prostate cancer risk, to testing for genetic risk and attempting to prevent the disease.”

Alexion gets option to buy neurodegeneration startup Complement


Alexion has secured the option to acquire Dutch biotech Complement Pharma. The agreement will see Alexion work with Complement to take a C6 complement inhibitor through phase 1b and decide whether to pull the trigger on a takeover along the way.
Complement is developing a monoclonal antibody designed to bind to complement component C6. By decreasing circulating levels of C6, Complement thinks it can inhibit the formation of membrane attack complex (MAC). The formation of MAC, a complex of complement proteins, in the peripheral and central nervous system is linked to traumatic brain injury and neurodegenerative disorders such as Wallerian degeneration.
“Our understanding of the role of complement in many disorders continues to increase and many neurodegenerative diseases show activation of the complement system, even in early stages of disease,” Complement CSO Frank Baas, M.D., Ph.D., said in a statement. “We believe that C6 inhibition has the potential to treat multiple neurodegenerative disorders.”
Alexion sees potential in the asset, CP010. The rare disease specialist will pay Complement up to €14 million ($17 million) in milestones as it collaboratively moves CP010 out of preclinical development and through phase 1b. In return for the cash and support, Alexion has picked up an option to buy Complement outright during the term of the agreement.
The deal comes 11 months after Lud­wig Hantson marked the start of his tenure as CEO of Alexion by returning the biotech to its focus on complement biology. Alexion proved the therapeutic potential of the complement system—part of the immune system—by developing Soliris and turning it into a blockbuster product. But Alexion’s pursuit of pipeline prospects capable of lessening its reliance on Soliris led it into new areas.

Hantson curtailed some of these explorations, dropping deals with Moderna, Blueprint and Arbutus in favor of a renewed focus on the complement system. The biotech is still willing to foray outside the niche, as evidenced by its $855 million takeover of Wilson Therapeutics, but Alexion also wants to leverage its strength in complement biology. The Complement partnership fulfills this desire.
Alexion unveiled the Complement deal alongside news that it is selling its synthetic enzyme co-factor therapy cyclic pyranopterin monophosphate to BridgeBio Pharma.

Vical Sees 2nd Stem Cell Trial Flop in Six Months


Six months after San Diego-based Vical saw a late-stage stem cell transplant trial flop, the company reported another fail. The company said its Phase II herpes drug did not meet its primary endpoints and will terminate the program.
The news sent company shares plummeting nearly 25 percent in premarket trading. Shares of Vical were trading as low as 40 cents, a significant plunge from Friday’s close of $1.63.
Vical’s double-blind and placebo-controlled mid-stage study was investigating its therapeutic bivalent vaccine candidate for herpes simplex virus type 2 (HSV-2). The company said the treatment failed to hit the mark when it came to its annualized lesion recurrence rate. Vical said the rate was calculated based on those genital recurrences that were both clinically- and virologically-confirmed during a minimum of nine months of surveillance.
This is a significant blow for the company that initiated a restructuring in January following the failure of its Phase III vaccine for stem cell transplant recipients. Part of that restructuring included the termination of about 54 percent of employees and the announcement it was focusing its resources on two mid-stage candidates, which included its now-terminated HSV-2 therapeutic vaccine, VCL-HB01. Vical has not indicated if the latest trial failure will result in any additional layoffs.
Vijay Samant, president and chief executive officer of Vical, said company researchers took “careful measures” to recruit patients for the trial. The mid-stage study included 261 healthy HSV-2 seropositive adults who ranged between the ages of 18 and 50 years. The patients had a self-reported history of four to nine recurrences per year. Despite those measures, Samant said the annualized recurrence rate in the placebo group during the Phase II trial was far less than what researchers had expected based on the patients’ self-reported history. Because of that, Samant said there was “significantly less power to show a vaccine effect in this trial.”
“We are extremely disappointed with the outcome and based upon these results, we will be terminating the HSV-2 program,” Samant said in a statement. “In the meantime, we remain focused on our novel antifungal VL‑2397, which we licensed from Astellas and has the potential to be the first in a new class of antifungal drugs.”
VL‑2397, an antifungal drug candidate, was licensed from Astellas. Vical said the therapeutic has the potential to be the first in a new class of antifungal drugs. VL‑2397 is currently in a Phase II trial. In that trial VL‑2397 is being compared with 2397 with standard first-line treatment for invasive aspergillosis in immunocompromised adults, which Samant said would be “eligible for a Limited Use Indication assuming a successful outcome of the trial.”
In addition to its remaining Phase II drug, Vical said it will continue the preclinical development of a novel treatment for chronic HBV infection, which is based on the company’s DNA and lipid-delivery technologies. Samant said the initial aim of Vical’s HBV program is “to demonstrate proof of concept for inhibiting HBV infection in an in vivo model.”