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Friday, December 14, 2018

Glenmark New Data on HER2xCD3 Bispecific Antibody at ESMO


 Glenmark Pharmaceuticals, a global innovative pharmaceutical company, today announced the presentation of new pharmacokinetic data from the ongoing Phase 1 trial of GBR 1302, a HER2xCD3 bispecific antibody, at the European Society for Medical Oncology Immuno-Oncology (ESMO-IO) Congress 2018 in Geneva, Switzerland. GBR 1302 is Glenmark’s lead immuno-oncology candidate and is currently in a first-in-human trial to determine maximum tolerated dose (MTD) in an all-comers population of patients with a variety of HER2 positive cancers. These Phase 1 data will inform dosing regimen optimization of GBR 1302.
“Due to the anticipated potency and limited clinical experience with T-cell redirecting bispecific antibodies, determining the optimal dosing regimen for novel investigational medicines like GBR 1302 is key to unlocking its potential,” said Mahboob Rahman, President and Chief Medical Officer at Glenmark Pharmaceuticals. “An innovative method of quantification was developed to facilitate the measurement of very low systemic concentrations of GBR 1302 in the clinical study. These findings provide insights into the pharmacokinetics of GBR 1302 and inform dosing regimen decisions to maximize its potential effectiveness for patients with HER2 positive cancers.”
A low starting dose of 1 ng/kg was selected for the first-in-human Phase 1 study of GBR 1302, and dose escalation continued in small increments using a biweekly regimen. Glenmark developed and utilized a novel hybrid immunocapture-LC/MS/MS method for quantification of GBR 1302 in human serum to overcome the difficulty of generating pharmacokinetic data at the low doses administered in the study.1
Pharmacokinetic profiles of GBR 1302 were observed from doses of 30 ng/kg and beyond. In general, maximum concentration (Cmax) was observed close to the end of infusion, after which serum concentrations declined bi-exponentially, with a mean terminal half-life of approximately four to seven days. Both, Cmax and exposure (AUC0-t), showed near dose-proportional increases up to 750 ng/kg, the highest dose evaluated in the Phase 1 trial thus far.1
Consistent with the half-life findings, Glenmark plans to initiate a study of GBR 1302 in HER2 positive breast cancer patients with a weekly dosing regimen.
About Glenmark’s Oncology Pipeline and Proprietary BEAT® Technology
Glenmark’s pipeline currently includes three immuno-oncology candidates being studied in a wide range of tumor types. These include three bispecific monoclonal antibodies (bsAbs). GBR 1302, a HER2xCD3 bsAb, targets HER2 expressing tumors including those not responsive to standard of care; GBR 1342, a CD38XCD3 bsAb targeting CD38 positive tumors including hematologic malignancies and solid tumors; and GBR 1372, an EGFRxCD3 bsAb targeting EGFR positive tumors including those resistant to standard of care.
BEAT® (Bispecific Engagement by Antibodies based on the T cell receptor) is Glenmark’s proprietary technology for the production of bsAbs. With BEAT® technology, Glenmark’s scientists have been able to overcome past production obstacles encountered with bsAbs and can efficiently manufacture these molecules at clinical and commercial scale. Preclinically, BEAT® bsAbs demonstrate the potential for more potent activity compared to existing therapeutic antibodies. Additionally, structural similarity to naturally-occurring antibodies may result in a normalized IgG half-life and less immunogenicity. GBR 1302, GBR 1342 and GBR 1372 are based on BEAT® technology.

Janssen Submits App for XARELTO to Prevent Venous Thromboembolism


The Janssen Pharmaceutical Companies of Johnson & Johnson announced today the submission of a supplemental New Drug Application (sNDA) for XARELTO® (rivaroxaban) to the U.S. Food and Drug Administration (FDA) for the prevention of venous thromboembolism (VTE), or blood clots, in medically ill patients. This application is based on combined data from the Phase 3 MAGELLAN and MARINER trials, which evaluated XARELTO® for the prevention of VTE in these patients during their hospital stay and immediately following discharge.
Approximately eight million Americans are hospitalized each year for acute medical illnesses, which include serious yet common conditions like heart failure, stroke, respiratory insufficiency, infectious diseases and inflammatory diseases. Hospital-associated VTE is the leading cause of premature death and disability in this population,i and the risk of VTE also extends to the outpatient setting. In fact, 67 percent of recently hospitalized patients who develop a VTE do so within one month of discharge.ii Guidelines currently recommend that people at risk of VTE receive anticoagulants in the hospital but advise against routine anticoagulant use beyond the hospital stay.
“Despite being at high risk of VTE for up to six weeks when leaving the hospital, less than four percent of patientsiii with acute medical illnesses are prescribed anticoagulant therapy to prevent VTE after they leave the hospital,” said James List, M.D., Ph.D., Global Therapeutic Area Head, Cardiovascular & Metabolism, Janssen Research & Development, LLC. “We hope to make XARELTO® available for these patients to prevent a VTE for the time that they remain at risk, beginning with hospitalization through at-home recovery.”
XARELTO® already has five approved VTE indications, including the treatment of deep vein thrombosis (DVT), treatment of pulmonary embolism (PE), reduction of the risk of recurrent DVT and PE, and primary prevention of DVT, which may lead to PE, in people who have just had hip or knee replacement surgery. In October 2017, the FDA approved a new dose regimen of 10 mg XARELTO® once-daily for reducing the continued risk for recurrent VTE after completion of at least six months of initial therapy.

Alliqua Biomedical gains on NIDA funding for brivoligide


Ultra-thinly traded nano cap Alliqua BioMedical (NASDAQ:ALQA) is up 43% premarket on robust volume in apparent response to an Award from the National Institute on Drug Abuse (NIDA) to merger partner Adynxx to support the development of lead drug brivoligide for postoperative pain.
NIDA has agreed to provide $5.7M in funding over two years to facilitate the completion of a Phase 2 study in patients undergoing mastectomy (breast removal) with immediate tissue expander or implant replacement. Adynxx may receive an additional three-year award to support a Phase 3 trial.

Civitas Solutions gains on Q4 earnings beat


Civitas Solutions (CIVI +24.4%) reports Q4 sales increase 7.7% to $409.5M, primarily driven by 11 acquisitions with total annual revenues of ~$70M
Sales by segment: Community Support Services: $261.3M (+5.4%); Specialty Rehabilitation Services: $91.9M (+14.5%); Children & Family Services: $36.9M (+5.7%); Adult Day Health: $19.4M (+12%).
Gross margin declines ~250bps to 19%; adj. EBITDA margin is down ~90bps to 10.6%; reports operating income of $10.4M as compared to loss to $11.1M; narrows net loss from $10.7M to $1.6M
The company says that they continue to operate in a challenging labor environment, management took actions to stabilize labor costs, strengthen business and generate efficiencies.
Issues FY19 guidance, and expects revenue of $1.66B-$1.71B; adjusted EBITDA to be ~$179M-$184M

Merck to acquire France’s Intelliq for 2.1 billion euros in cash, assumption of debt


Merck & Co. Inc. MRK, -1.20% said Friday it has reached agreement to acquire privately held French company Antelliq for 2.1 billion euros in cash, and the assumption of EUR1.15 billion in debt. Antelliq specializes in digital animal identification, traceability and monitoring and had EUR360 million in sales in the 12 months through Sept. 30. The company works with farmers, veterinarians and pet owners to gather data needed to manage the health of livestock and pets. The deal is expected to close in the second quarter of 2019. Merck shares fell 1% in premarket trade.

Walgreens Boots Alliance downgraded to Sell from Neutral at Goldman Sachs


Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance to Sell and lowered his price target for the shares to $68 from $73.

LHC Group initiated at Barclays


LHC Group initiated with an Equal Weight at Barclays. Barclays analyst Patrick Feeley started LHC Group with an Equal Weight rating and $105 price target. The analyst expects home health providers to continue to capture market share from higher cost settings such as skilled nursing facilities, but he believes these opportunities are priced into LHC shares for now.