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Wednesday, November 7, 2018

Researchers Cure ALS in Laboratory Animals Using Gene Therapy


Researchers at the University of California, San Diego (UCSD) ran successful animal studies of a gene therapy that appeared to cure a disease in mice similar to amyotrophic lateral sclerosis (ALS), sometimes also known as Lou Gehrig’s Disease.
ALS is a progressive neurodegenerative disease affecting brain and spinal cord nerve cells. There are two types of ALS, sporadic and familial. Sporadic is the most common form in the U.S., making up 90 to 95 percent of all cases. Familial ALS (FALS) makes up 5 to 10 percent in the U.S., and as the name suggests, is an inherited form. In those families, there is a 50 percent chance each child will inherit the mutated gene and may develop the disease.
Of the FALS group, 20 percent of them have a mutation in the SOD1 gene that causes their ALS.
Martin Marsala and Mariana Bravo Hernandez of the UCSD injected a compound that silenced the SOD1 gene into a virus. They injected the virus into mice with an inherited ALS-like disease, just above their spinal cords.
Bravo Hernandez told New Scientist, “We’re injecting it beneath the membranes that protect the spinal cord, so there’s no barrier. That’s what allows us to impact all the neurons inside the spinal cord.”
In the mice receiving the treatment, onset of ALS symptoms was delayed by 80 days. In addition, the treated mice never hit muscle stiffness levels observed in untreated mice. There did not appear to be any long-term side effects.
The researchers presented their work this week at the Society for Neuroscience annual meeting held in San Diego.
In necropsies of the mice at the end of the trial, untreated mice had large gaps in motor neurons. Treated mice, however, showed that neurons spread through the spinal column as they would in healthy mice. According to New Scientist, “Bravo Hernandez says the lack of neurons in untreated mice was due to widespread misfolded proteins. In the treated mice, these misfolded proteins were reduced by 50 percent in the upper spine and 80 percent in the lower spine.”
Early studies in nonhuman primates have shown that this type of injection can affect neurons throughout the spinal column. They plan to conduct trials of the gene therapy in primates.
There is ongoing work by several biotech companies to develop therapies for ALS. On November 1, Denali Therapeutics, based in South San Francisco, announced a collaboration with Paris-based Sanofi to develop multiple RIPK1 inhibitors to treat a range of neurological and systemic inflammatory diseases, including ALS, multiple sclerosis (MS) and Alzheimer’s disease.
Sanofi paid $125 million to Denali upfront and commercial milestones could climb over $1 billion. The lead molecules are DNL747 and DNL758, which target RIPK1, a critical signaling protein in the TNF receptor pathway. The pathway regulates inflammation and cell death. DNL747 will be investigated in Alzheimer’s, ALS and MS. DNL758 will be investigated in inflammatory diseases like rheumatoid arthritis and psoriasis.
And in January 2018, Biogen acquired Karyopharm Therapeutics KPT-350 and several other compounds that may be used to treat ALS and other neurodegenerative diseases. KPT-350 targets XPO1, a regulator protein that is involved in modulating protein transport from a cell’s nucleus to the cytoplasm. In animal models, the drug was effective in ALS and MS, as well as other neurological and autoimmune disorders.

Biogen Ups Investment in Biosimilar Drug Maker Samsung Bioepis by $700 Million


Cambridge, Mass.-based Biogen exercised its option to acquire additional shares of South Korea’s Samsung Bioepis. Samsung Bioepis focuses on developing biosimilar drugs and is a joint venture between Samsung BioLogics and Biogen formed in 2012.
Samsung Bioepis has a broad pipeline of biosimilar candidates—generic versions of biologic drugs—including six late-stage compounds in immunology, oncology and diabetes.
Under the terms of the deal, Biogen will pay Samsung BioLogics about $700 million for the option shares. This will increase Biogen’s ownership in the company from about 5.4 percent to 49.9 percent. In financial filings by Samsung BioLogics, the call options are valued at about $2 billion.
“We are very pleased with the progress made to date at Samsung Bioepis and believe exercising this option is an opportunity to create meaningful value for our shareholders,” stated Michel Vounatsos, chief executive officer of Biogen. “This option allows us to increase our ownership share in a leading biosimilar company at what we believe are attractive terms. We look forward to building an important relationship with Samsung BioLogics.”
Although Biogen is not typically associated with biosimilars, on October 17, Samsung Bioepis, Samsung BioLogics and Biogen announced the European launch of Imraldi, a biosimilar to AbbVie’s Humira (adalimumab). The significant investment in Bioepsis suggests a much larger interest and possible penetration by Biogen into the biosimilar market, which is strong in Europe, but lags significantly in the U.S.
This summer, the Food and Drug Administration (FDA) announced its Biosimilars Action Plan, which is an effort to increase market accessibility in the U.S. to biosimilars. The plan is an attempt to balance innovation and competition, and includes implementing new FDA review tools, establishing a new Office of Therapeutic Biologics and Biosimilars (OTBB), and providing more clarity and flexibility on analytical approaches to evaluating product structure and function.
At the time, FDA Commissioner Scott Gottlieb stated, “There’s active work underway on bold reforms, like shifting biologics from Medicare’s Part B scheme into a competitively bid system like Part D, where we can take full advantage of price and therapeutic competition. These types of approaches can delink physician reimbursement from drug prices and inject more competition into the market, while increasing the incentives to create the next great innovation that’s going to advance human health.”
The Nikkei Asian Review indicates that the Samsung organization has worked with Biogen on developing its contract drug manufacturing business. Samsung BioLogics completed its third manufacturing plant in October, and will now shift its focus to new drug development, which will be boosted by its relationship with Biogen. Biogen, for its part, increases ties with a “deep-pocketed partner.”
Reuters reports that South Korean regulators are investigating Samsung BioLogics’ bookkeeping in 2015. The regulators will take Biogen’s increased ownership into consideration as the investigation plays out.
Samsung BioLogics in 2015 switched to valuing itself at fair market value instead of book value. This was the result of being treated as an affiliate instead of a unit, but it caused the company’s valuation of Samsung Bioepis to multiply 18-times to about $4.5 billion.
BioLogics has denied any malfeasance, saying the change was necessary to reflect different accounting standards should Biogen exercise its call option—which it did today. It is being investigated by a group within South Korea’s Financial Services Commission (FSC).

BMS’ Empliciti Garners a New FDA Indication for Multiple Myeloma


There will be a new multiple myeloma treatment hitting the market soon. On Tuesday, Bristol-Myers Squibb snagged regulatory approval from the U.S. Food and Drug Administration (FDA) for Empliciti (elotuzumab) for adults with multiple myeloma who have received at least two prior therapies.
The FDA approved Empliciti, an intravenous treatment, in combination with pomalidomide and dexamethasone as the third-line medication. It was approved under priority review. Empliciti in combination with the other medications, known as EPd, will be used if other treatments including lenalidomide (Celgene’s Revlimid) and a proteasome inhibitor have failed to address a patient’s needs. Empliciti was approved based on results from the Phase II ELOQUENT-3 trial that showed the drug benefitted patients with relapsed or refractory multiple myeloma. The data showed that Empliciti doubled both median progression-free survival and overall response rate versus pomalidomide and dexamethasone.
Joseph Eid, head of medical at BMS, said Empliciti in combination with pomalidomide and dexamethasone has provided proof that the medication can extend the time a patient can live without the worsening of his or her disease. The treatment gives doctors an “effective tool” to tackle the cancer. The approval of Empliciti reinforces the important of immuno-oncology in blood cancers and expands the role of Empliciti to address the needs of relapsed or refractory multiple myeloma patients, Eid said.
Approximately 31,000 people in the United States will be diagnosed with multiple myeloma this year. One of the most common characteristics of multiple myeloma is the number of relapses patients can experience – in other words, the cancer returns after a period of remission.
In the Phase II trial, Empliciti combined with the other two medications, reduced the risk of disease progression by 46 percent. That translated into a median progression-free survival of 10.25 months. For overall response rate, which was a secondary endpoint, BMS said response rates doubled in patients who received the triple combination EPd compared to patients who received pomalidomide and dexamethasone alone, 53 percent to 26 percent respectively.
The approval of BMS’ Empliciti does not come without some safety concerns. BMS said serious adverse reactions were reported in 22 percent of patients treated with EPd and in 15 percent of patients treated with pomalidomide and dexamethasone. Discontinuation of any component of the treatment regimen due to adverse reactions occurred in 5 percent of patients in the EPd arm, compared to 1.8 percent of patients in the control arm. As a result of those adverse events, FDA approval does come with warnings and precautions related to infusion reactions, infections, secondary primary malignancies, hepatotoxicity and interference with determination of complete response. There are also some warnings regarding reproductive potential in both males and females, BMS said.
Bristol-Myers Squibb and AbbVie are co-developing Empliciti, with Bristol-Myers Squibb solely responsible for commercial activities.
Paul Richardson, director of clinical research of the Jerome Lipper Multiple Myeloma Center at Dana-Farber Cancer Institute, said despite all the novel therapies that have been developed for multiple myeloma, many patients still face poor outcomes. Those outcomes can become worse in the relapsed and relapsed, refractory setting, he said.
“This new regimen of elotuzumab combined with pomalidomide and dexamethasone not only extended the time to disease progression versus a standard of care but also doubled the response rate in some patients whose prior treatments had failed them. Thus to be able to offer an alternative with a meaningful clinical benefit is an important and significant milestone for our patients,” Richardson said in a statement.

Audentes down 21% after Q3 report and pipeline update


Audentes Therapeutics (BOLD -21.3%) slumps on a 4x surge in volume after its Q3 report and business update released after the close yesterday. Key events/milestones:
Investors appear disappointed with the update on the ASPIRO study of AT132 in XLMTM which was consistent with what was reported a month ago at the World Muscle Society conference. 50% of treated patients (n=3/6) achieved ventilator independence and all showed meaningful improvements in neuromuscular and respiratory function. The company will update again next quarter.
Enrollment in Phase 1/2 study of AT342 in Crigler-Najjar syndrome ongoing. Next update in Q1 2019.
IND for AT982 in Pompe disease to be filed in 2019.

Jazz Pharmaceuticals price target lowered to $184 from $194 at RBC Capital


RBC Capital analyst Randall Stanicky lowered his price target on Jazz Pharmaceuticals to $184 after its Q3 results, saying the company again “missed the mark” on Vyxeos whose launch continues to disappoint. The analyst keeps his Outperform rating on Jazz Pharmaceuticals, citing the “robust” 9% volume growth for Xyrem and its anticipated near-term launches, but believes that unlocking value for investors may take “longer than anticipated”.

Citi revisits bull case on Portola with shares down 50%


Citi revisits bull case on Portola with shares down 50%. Citi analyst Yigal Nochomovitz says shares of Pharmaceuticals are down 50% since the Q2 earnings call on a “very disappointing” launch for Bevyxxa. The stock is now heavily levered to a successful launch of Andexxa, the analyst tells investors in a research note. With the stock now at $20, now is the time to re-articulate the Andexxa bull case, a lifesaving emergency therapy, says Nochomovitz. He believes Andexxa can be a $1B drug in the U.S., which he estimates is worth $42 per share alone. The analyst keeps a Buy rating on Portola Pharmaceuticals while trimming his price target for the shares to $49 from $50.

Abiomed upgraded to Overweight ahead of DTU trial readout at Morgan Stanley


Morgan Stanley analyst David Lewis upgraded Abiomed to Overweight from Equal Weight, stating that based on his review of pre-clinical and clinical data and physician conversations he has conviction in a positive readout from the Door to Unloading, or STEMI-DTU, trial next week. Data is to be presented at the American Heart Association Scientific Sessions on Sunday, November 11, the analyst noted. Abiomed’s DTU trial challenges the current paradigm and success could result in a shift from the current standard of care, driving an inflection in valuation, Lewis tells investors. The ST-elevated myocardial infarctions, or STEMI, opportunity would expand Abiomed’s current addressable market by about 70%, Lewis added. He raised his price target on Abiomed shares to $496 from $396.