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Friday, October 5, 2018

Xencor’s lead drug fails a Phase 2 test for lupus


Shares of Xencor tumbled Friday as the biotech tried to explain — largely unsuccessfully — why the failure of its Phase II lupus drug study was really an overall plus.
The mid-stage study of XmAb5871 enrolled 104 patients. But researchers said that the placebo effect was magnified after 10 patients dropped out of the control arm, compared to 2 in the drug arm.

Measuring the continued improvement in patients after 225 days, the company said that the drug arm hit 42% compared to a 28.2% response in the placebo arm. That qualified for a failed p value of 0.18 on the primary endpoint.

The drug did hit on a secondary for time to loss of improvement and safety and tolerability of XmAb5871.
The study’s coordinating investigator, Joan Merrill, called the results “encouraging.”
That wasn’t what investors were looking for, though. The stock $XNCR dropped 15% on the failure.
Perhaps a partner would like to take the lupus drug from here?
“By year end, we plan to initiate a Phase III study of XmAb5871 in IgG4-RD, and we are exploring further development in SLE in the context of partnering,” noted CEO Bassil Dahiyat. “With six internal programs in autoimmune disease and cancer advancing in the clinic, we anticipate additional data readouts over the next two years.”

Arthritis Cases on the Rise With Cancer Checkpoint Inhibitor Therapies


Reports of patients with cancer treated with checkpoint inhibitors who developed immune-related adverse events continue to accumulate, with the largest cohort thus far now being reported from the Mayo Clinic.
Case series of patients with arthritic and other musculoskeletal events have previously been reported from the Cleveland Clinic, MD Anderson Cancer Center, and the University Hospital in Bordeaux, France.
And now, through March 1, 2018, a total of 61 cases of rheumatic adverse events in patients given any immune-checkpoint inhibitor have been seen at the Mayo Clinic in Rochester, Minnesota, as reported by Uma Thanarajasingam, MD, PhD, and colleagues in Arthritis & Rheumatology.
The latest series includes patients with inflammatory arthritis, myopathy, vasculitis, polymyalgia-like syndrome, and other connective tissue diseases, and most required extensive courses of immunosuppression.
Since the introduction of ipilimumab (Yervoy) for metastatic melanoma in 2011, immune checkpoint inhibitors have transformed cancer treatment, and currently at least 1,000 clinical trials of these agents are underway.
Estimates of the prevalence of rheumatic adverse events with this treatment have ranged from 1% to 10%. Standard treatment has relied on glucocorticoids and disease-modifying antirheumatic drugs (DMARDs) — sometimes with discontinuation of immune checkpoint inhibitor therapy. Management has been based primarily on the experience of experts and findings from retrospective studies.
“This study aims to add granularity to the existing literature by describing the prevalence, clinical characteristics, and treatment outcomes of a large, single-institution cohort of patients with rheumatic immune-related adverse events,” the investigators wrote.
The analysis included 1,293 patients who had received treatment with ipilimumab, nivolumab (Opdivo), pembrolizumab (Keytruda), avelumab (Bavencio), or atezolizumab (Tecentriq) at the Mayo Clinic, as well as patients who had been given the cancer treatment elsewhere but who were seen at the Rochester clinic for their immune-related adverse events.
There were 43 cases of these adverse events from the Mayo cohort and 18 who had been treated with checkpoint inhibitors at other centers. Patients’ mean age was 62.6, half were women, and the mean follow-up from the time of adverse event onset was 86 weeks.
The most common types of malignancy were melanoma, pulmonary cancers, and lymphoma, and the most frequently used checkpoint inhibitors were pembrolizumab, nivolumab, and ipilimumab. Pre-existing autoimmune diseases were present in 13 patients, and included rheumatoid arthritis, inflammatory bowel disease, and psoriasis. A total of 21% of patients with immune-related events discontinued their cancer treatment.
Among the 34 patients who developed new-onset inflammatory arthritis — the most common form of immune adverse event — mean age was 59.2, and the disease was polyarticular in two-thirds. Treatment consisted of prednisone alone in 62%, with a mean starting dose of 30.6 mg/day and mean time on steroid treatment of 18 weeks.
An additional 15% were treated with prednisone plus a DMARD, while 24% received nonsteroidal anti-inflammatory drugs or intra-articular steroids. One recent small studysuggested that interleukin 6 inhibition with tocilizumab (Actemra) might be a potential treatment for arthritic symptoms in these patients.
Complete resolution after treatment was seen in 47% of patients and partial resolution in 53%. Only five of the patients who had complete resolution were still on the checkpoint inhibitor treatment, and all five had required immune suppression during the cancer treatment.
Ten patients, median age of 67.7, developed myopathies, which represented the most severe rheumatic adverse events.
Manifestations included bulbar myopathy in 50% and myocarditis in 40%. Treatments consisted of prednisone alone in 50%, with mean starting doses of 74 mg/day and time on steroid treatment of 15 weeks. Intravenous methylprednisolone was required in 50%, and 30% also had plasma exchange. Complete resolution of the myopathy was observed in 70%. Two died from complications associated with myocarditis and bulbar myopathy.
Other rheumatic events included four cases of vasculitis, manifesting as granulomatosis with polyangiitis, giant cell arteritis, or necrotizing vasculitis, as well as four cases of polymyalgia rheumatica. Among connective tissue diseases were six cases of diffuse systemic sclerosis or sicca syndromes, and three patients had flares of pre-existing rheumatoid arthritis or Sjogren’s syndrome.
Most of those patients were treated with steroids, and six also received DMARDs. One patient with necrotizing vasculitis discontinued the checkpoint inhibitor treatment, as did one of granulomatosis with polyangiitis and one with systemic sclerosis. The only cases in this subgroup with complete resolution of their rheumatic adverse events were two patients with necrotizing vasculitis, one patient with a flare of previously inactive rheumatoid arthritis, and one with a polymyalgia rheumatica-like syndrome.
“It remains unclear why some patients develop rheumatic immune-related adverse events, and so far no genomic risk factors have been identified, although the varied clinical phenotypes … certainly suggest multiple underlying immunopathogenic mechanisms,” Thanarajasingam and co-authors observed.
A limitation of the study, they said, was its use of retrospective data.
The authors reported having no financial disclosures.

Ionis and Akcea shares halted pending news


Nasdaq has suspended trading in Ionis Pharmaceuticals (IONS +2.7%) and Akcea Therapeutics (AKCA +5.2%) pending the release of news, most certainly related to the FDA decision on inotersen for hATTR.

Activist Investor Guy Gentile Increases Stake In Lannett


Lannett Company, Inc. LCI 2.63% has had a horrendous 2018, but one investor with deep pockets sees bluer skies ahead for the struggling generic drug company.

What Happened

On Friday, activist investor Guy Gentile told Benzinga he has been increasing his stake in the company since a 13G filing on Sept. 20 revealed he had taken a 5.1 percent ownership stake in Lannett. Gentile said he has increased his stake from 1.99 million shares to “over 2.5 million” shares since Sept. 20 and said he “will keep adding” to his stake.

Why It’s Important

Lannett stock crashed more than 60 percent in August after the company lost a key contract with Jerome Stephens Pharmaceuticals. Starting in March 2019, Lannett will no longer be able to distribute JSP’s Butalbital, Aspirin, Caffeine with Codein Phosphate Capsules USP, Digoxin Tablets USP and Levothyroxine Sodium Tablets USP.
In a statement, Lannett said it will continue to focus on improving its base commercial business of more than 100 products, but investors clearly see the JSP loss as a big deal.
Gentile’s investment is a vote of confidence for Lannett and its investors from a well-known and successful activist trader. Gentile’s buying is a signal that, at least in the short term, he believes the Lannett sell-off is an overreaction.

What’s Next

Investors will be watching closely for Gentile’s next filing. As long as he’s still buying/holding the stock, other traders may feel safe to do the same.

AstraZeneca reports 16.6% stake in Entasis Therapeutics


https://thefly.com/landingPageNews.php?id=2800541

Piper remain buyers of Audentes after update on AT132


Piper Jaffray analyst Christopher Raymond said he remains a buyer of Audentes Therapeutics after the company announced new interim data from ASPIRO, the Phase 1/2 clinical trial of AT132 for the treatment of X-linked Myotubular Myopathy. Significant improvements in respiratory function continued for all patients in Cohort 1 and across the board CHOP-INTEND scores tended to improve for most patients, Raymond tells investors. The analyst, who thinks the XLMTM program has become “increasingly derisked,” maintains an Overweight rating on Audentes shares.
https://thefly.com/landingPageNews.php?id=2800549

SPR receives Army funds for new trials of its pain relief device


SPR Therapeutics was awarded two new grants and a contract from the U.S. Department of Defense and the Army totaling $10 million to help further development of its percutaneous peripheral nerve stimulation therapy.
The company’s Sprint PNS therapy, which includes single- and dual-lead, minimally invasive devices that are implanted for up to 60 days, received FDA clearance for treating acute and chronic pain in August.
Percutaneous leads are placed by a physician in the back or extremities during an outpatient procedure without surgical incisions or anesthesia, while a single, wearable electronic pulse generator features rechargeable batteries and a Bluetooth-enabled remote control.
In addition to a previous contract and grants from the National Institutes of Health and the DOD, the latest awards bring the total amount of federal money to $30 million.

“The management of chronic and post-operative pain continues to be a challenge among U.S. military, veterans and the general public,” SPR’s founder, president and CEO, Maria Bennett, said in a statement. “In the midst of the opioid crisis and the need for non-opioid pain treatment options, product refinements and data from additional studies of percutaneous PNS will support the independent, appropriate and effective use of our SPRINT PNS System for pain management.”
One $6 million grant will support a randomized trial comparing Sprint to conventional medical management for the reduction of pain and opioid use among service members, veterans and civilians with chronic back pain, the leading cause of morbidity in the U.S. military.
A second trial, funded by a $3 million grant, will focus on improving pain management following surgery for combat and non-combat related orthopedic trauma. The remaining $1 million contract will fund improvements to the company’s platform to support more independent use by healthcare providers, the company said.