Search This Blog

Friday, October 5, 2018

Science Says: Wind Power Blows


If you care about global warming, you must like wind power, right? But what if wind power itself ends up contributing to a warmer climate? That appears to be the case, according to a new study.
The study, by Harvard researchers and published in the energy research journal Joule, found if the country relied entirely on wind power for energy, the average temperature in the continental United States would climb by almost a quarter of a degree Celsius.
Keep in mind that eliminating all CO2 emissions from electricity generation would, as most, cool temperatures by 0.1 degree Celsius. In other words, wind power would more than offset whatever gains came from drastic cuts in carbon emissions.

Churning the Air

Why? The researchers say that the warming comes from the fact that the wind turbines churn the air, and “the exchange of heat, moisture, and momentum between the surface and the atmosphere” cause temperatures to rise.
James Temple, writing in MIT Technology Review, said the study “raises serious questions about just how much the United States or other nations should look to wind power to clean up electricity systems.”
It also raises serious questions about why the U.S. spends billions of dollars each year subsidizing wind power.
That’s to say nothing of the fact that several states mandate that their utilities buy a percentage of their electricity from renewable sources like wind.
The combination helped boost wind power’s share of electricity generation from 1.5% in 2000 to more than 6% last year.
By the way, wind turbines aren’t just warming the climate, they’re slaughtering birds. The Audubon Society says existing wind farms kill up to 328,000 birds a year.

Land Hog

Wind energy is also a massive land hog (as is solar). One analysis found that wind farms require roughly 100 times as much land as a modern nuclear power plant to produce the same amount of energy. (Nuclear power doesn’t chop birds up or heat the climate, and produces zero carbon emissions. Yet for some reason it never factors in as a “clean energy alternative.”)
What’s more, because the wind doesn’t always blow, wind farms need other, more reliable, and usually CO2-producing, sources of energy to back them up.
The federal production tax credit for wind is set to phase out by 2020. But as anyone who follows these things knows, “temporary” tax subsidies have a way of becoming permanent.
In the meantime, will environmentalists rethink their love of climate-warming, bird-killing and land-grabbing wind power?

AstraZeneca’s old R&D site in multimillion pound science property plan

AstraZeneca’s new R&D headquarters in Cambridge may be having teething problems – but ironically the site at Alderley Park, Cheshire that it abandoned nearly five years ago is going from strength to strength.
The Anglo-Swedish pharma has still not completed the move to its new R&D site, which is behind schedule and over budget.
But its old site in Alderley Park (pictured above) in Cheshire continues to attract investment and is one of the major assets in a science commercial property joint venture announced today.
Bruntwood and Legal & General Capital (Legal & General) have established a 50:50 partnership to create the UK’s largest property venture dedicated to science and technology growth in and around regional cities.
The two partners will invest £360 million of capital, property and intellectual assets into a new company, Bruntwood SciTech, with a business plan supporting creation of over 20,000 high value jobs.
The deal is the largest made in science and technology property assets in Europe this year, and the partners plan to expand their assets from 1.3 million square feet to over 6.2 million square feet over the next 10 years.
This will increase the value of the portfolio to £1.8 billion, the partners said in a statement.
Bruntwood SciTech’s portfolio is already home to more than 500 science and technology businesses, including biotech start-ups as well as global life science companies.
It is centred around assets and development projects in Manchester, Birmingham and Leeds, and includes AstraZeneca’s old R&D base – now the life science campus in Alderley Park.
Liverpool also features strongly in its plans.
Alderley Park is already undergoing a £160m redevelopment, following its acquisition by Bruntwood in 2014. It is now home to 65 SMEs and 150 start-ups and is further focused on founding and growing life science sector businesses.
Alderley Park has two venture funds on site, one of which, the £42m Greater Manchester and Cheshire Life Science Fund has already invested in 25 businesses across pharmaceuticals, biotech, diagnostics, CROs and medical devices.
Next year, the 150,000 sq ft glasshouse building will open at Alderley Park, offering space for digital tech businesses.
Bruntwood SciTech will also develop and be home to a new precision medicine campus within Manchester’s Oxford Road Corridor Enterprise Zone.
The expanded campus will also complement the work by industry and the NHS in Greater Manchester to integrate electronic health data with genomic technology.
Bruntwood SciTech will be led by current Bruntwood’s chief commercial officer Phil Kemp as CEO, with the rest of the board including leaders from L&G, and also Dr Chris Doherty, managing director of Alderley Park.

Quest Diagnostics to sell India medical diagnostics business to Strand


Quest Diagnostics announced an agreement to sell its India medical diagnostics business to Strand Life Sciences, a Bangalore-based specialized diagnostics company. The two companies will work together to manage the transition, and aim to close the sale by the end of Q1 of 2019. Terms of this transaction were not disclosed.
https://thefly.com/landingPageNews.php?id=2800587

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.