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Friday, September 7, 2018

ITF Gets FDA Approval for Lou Gehrig’s med


Privately-held ITF Pharma snagged regulatory approval for Tiglutik, a liquid formulation of riluzole for the treatment of amyotrophic lateral sclerosis.
Pennsylvania-based ITF, a subsidiary of Italfarmaco, said the approval makes Tiglutik the “first and only easy-to-swallow thickened riluzole liquid” for patients with ALS.  The liquid formulation of riluzole will make it easier for ALS patients to take the medication due to a difficulty in swallowing. The medication was approved under the U.S. Food and Drug Administration (FDA)’s fast-track designation, which speeds up the approval process when there is an unmet need.
Riluzole is designed to delay the onset of a dependence of a ventilator in ALS patients. It was initially approved by the FDA in 1995.
Hiroshi Mitsumoto, a professor of neurology at Columbia University at The Neurological Institute of New York, called the approval of the liquid formulation a “welcome step forward” for treating ALS patients. He called riluzole the “gold standard” for slowing the progression of ALS in patients over the past 20 years.
“The availability of Tiglutik oral suspension precludes the need for manipulation of tablets by patients or caregivers, easing administration and may provide an opportunity for more accurate dosing and enhanced patient compliance,” Mitsumoto said in a statement.
Denny Willson, chief executive officer of ITF Pharma, said the company plans to have the liquid formulation available for patients by the middle of October through its “highly-specialized field sales team.” Willson added that the company is committed to helping ALS patients have affordable access to Tiglutik. He said the company partnered with a specialty pharmacy that will “create a simple and straightforward product support program” to help patients receive the treatment in as easy a manner as possible.
“This reflects our underlying mission to provide valuable therapeutic options and support programs that make a positive difference in the lives of both patients and healthcare providers,” Willson said in a statement.
ALS (amyotrophic lateral sclerosis) is a progressive neurodegenerative disease that affects neurons in the brain and the spinal cord. The disease is usually fatal within two to five years of diagnosis. Patients with ALS eventually lose the ability to control muscle movement, which eventually leads to total paralysis and then death. Currently, there is no known cure for the disease. The Centers for Disease Control and Prevention estimates that approximately 12,000 to 15,000 Americans have ALS, with about 5,000 to 6,000 diagnosed annually.
While Riluzole has been a standard of treatment for ALS, it’s not the only option on the block of prescribers. Last year Mitsubishi Tanabe and its new subsidiary, MT Pharma America, secured regulatory approval for Radicava, the first ALS drug approved in 22 years. Clinical data demonstrated patients who received Radicava for six months experienced significantly less decline in physical function — by 33 percent.
Other companies are also in the middle of developing ALS treatments, including Israel-based BrainStorm. That company’s NurOwn uses a patient’s own cells which have been engineered outside the body, to produce and secrete factors known to promote neuronal survival.

Calyxt initiated at Goldman Sachs


Calyxt initiated with a Neutral at Goldman Sachs. Goldman Sachs analyst Adam Samuelson started Calyxt with a Neutral rating and $18 price target. The analyst views the company as a food gene-editor of the future, but prefers to wait on the sidelines with respect to the shares pending evidence that it can effectively scale.

Amgen, AstraZeneca get Breakthrough Therapy Designation for tezepelumab


Amgen, AstraZeneca announce Breakthrough Therapy Designation for tezepelumab  Amgen () and AstraZeneca (AZN) announced that the FDA has granted Breakthrough Therapy Designation for tezepelumab in patients with severe asthma without an eosinophilic phenotype. A Breakthrough Therapy Designation is designed to expedite the development and regulatory review of medicines that are intended to treat a serious condition and that have shown encouraging early clinical results which may demonstrate substantial improvement on a clinically-significant endpoint over available medicines. The Breakthrough Therapy Designation is supported by the tezepelumab Phase 2b PATHWAY data. The trial showed a significant reduction in the annual asthma exacerbation rate compared with placebo in a broad population of severe asthma patients independent of baseline blood eosinophil count or other type 2 inflammatory biomarkers. Currently available biologic therapies only target T2 driven inflammation. Tezepelumab is a potential first-in-class new medicine that blocks thymic stromal lymphopoietin – an upstream modulator of multiple inflammatory pathways. Tezepelumab is currently in development in the Phase 3 PATHFINDER clinical trial program.

Thermo Fisher to buy Becton Dickinson advanced bioprocessing business


Thermo Fisher (TMO) has signed a definitive agreement with Becton Dickinson (BDX) under which Thermo Fisher will acquire BD’s advanced bioprocessing business. This business combines a technical services program with a variety of peptones that enhance cell culture media formulations to improve yield and reduce variability in biopharmaceutical applications. BD’s advanced bioprocessing business has annualized revenue of approximately $100M and will be integrated into Thermo Fisher’s life sciences solutions segment. The transaction is subject to customary closing conditions and is expected to close in early 2019.

Cyclacel Pharmaceuticals initiated at Ladenburg


Cyclacel Pharmaceuticals initiated with a Buy at Ladenburg. Ladenburg Thalmann analyst Kevin DeGeeter started Cyclacel Pharmaceuticals with a Buy rating and $6.25 price target. The analyst believes CYC065 has shown promise in Mcl-1 regulation.

Vitamin Shoppe downgraded to Underweight from Equal Weight at Barclays


Barclays analyst Karen Short downgraded Vitamin Shoppe to Underweight while raising his price target for the shares to $10 from $4.

GW Pharmaceuticals initiated at Morgan Stanley


GW Pharmaceuticals resumed with an Overweight at Morgan Stanley. Morgan Stanley analyst David Lebowitz resumed coverage of GW Pharmaceuticals with an Overweight rating and $197 price target, stating that he expects a strong launch for Epidiolex for Dravet and Lenox-Gastaut syndromes once the DEA has officially rescheduled the marijuana-based therapy as being acceptable for medicinal use. He projects 2019 Epidiolex franchise sales of $72M growing to $1.3B by 2025, Lebowitz tells investors.