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Monday, December 24, 2018

NHS U-turns on Novartis Afinitor for TSC-related epilepsy


NHS England has reversed a previous decision and will be funding Novartis’ Afinitor (everolimus) for TSC-related refractory epilepsy from April 2019.
The drug has a patchy history with the health service, having been previously rejected on cost effectiveness grounds and moved to the Cancer Drugs Fund (CDF) for conditions including kidney cancer and breast cancer. After the CDF closed, discounts from Novartis and reassessments by NICE convinced the NHS to routinely fund the drug for some of these conditions, but in July 2018 it announced it would not be funding it for TSC-related refractory epilepsy – although it had been approved by the SMC only a week before, sparking outrage from patient groups.
The new decision means that Afinitor will be funded from April 2019 for patients aged two years and older with TSC-related seizures that have not adequately responded to treatment with at least two different anti-epileptic drugs, given at therapeutic doses in addition to their current treatments and where surgical resection has already been considered.
TSC is a rare genetic condition affecting 1 in 6,000 people that can lead to growths in various organs of the body. These growths may be referred to as benign and non-cancerous tumours, with problems from the growths being caused mainly because of their size and where they are in the body.
Epilepsy is the most common neurological feature of TSC, affecting at least eight out of ten people living with the condition. More than 50% of people with TSC who have epilepsy will not respond to standard anti-epilepsy medicines and may need an alternative form of treatment, such as Afinitor. Epilepsy is generally more difficult to control for individuals living with TSC who have moderate or severe learning disabilities.
“NHS England has always recognised that there is enough clinical evidence to commission everolimus for TSC-related refractory epilepsy,” said Dr Chris Kingswood, consultant nephrologist and head of research strategy at the Tuberous Sclerosis Association (TSA). “The 20% chance of seizure freedom and 60% chance of significant seizure reduction from treating this group of patients with everolimus is a massive improvement compared to using traditional anti-epileptic drugs. Clinicians supporting people living with TSC will be thrilled to add everolimus to the range of treatments that we can offer to patients with TSC-related refractory epilepsy.”

Savara Interim Results for Treatment of Lung Infection


Savara Inc. (Nasdaq: SVRA), an orphan lung disease company, today announced interim results from OPTIMA, a Phase 2a clinical study evaluating its lead product candidate Molgradex, an inhaled formulation of recombinant human granulocyte-macrophage colony-stimulating factor (GM-CSF), for the treatment of nontuberculous mycobacterial (NTM) lung infection. The ongoing study is evaluating treatment of both Mycobacterium avium complex (MAC) infection, and the more difficult-to-treat Mycobacterium abscessus (MABSC) infection. Savara believes microbiological data from this early analysis demonstrate an encouraging efficacy signal, with a favorable safety profile.
The interim analysis focused on efficacy, as assessed by microbiological results, in 14 patients who completed the 24-week treatment period and had culture results available up to at least the 16-week timepoint. Ten of the evaluable patients have MAC infection and four have MABSC infection. Of the patients with MAC infection, eight are in treatment Group 1 (on anti-mycobacterial treatment) and two are in treatment Group 2 (not on anti-mycobacterial treatment). The four evaluable MABSC patients are evenly split between both treatment groups. Safety and tolerability was assessed for all 32 patients enrolled in the study.

Big China IPO


After the Hong Kong exchange saw the first slate of biotech IPOs plunge well below their debut price, the investment crowd got more than a little worried about what the future held for other Chinese players looking to raise cash. But Shanghai Junshi Biosciences has helped ease the fretting — for now — after watching its stock leap on their rollout Monday.
According to Reuters the company raised close to $400 million and then cheered on a 22% surge in their stock price. And that follows a successful launch for Innovent, another premier China biotech, which has also seen a surge since their IPO some weeks ago.

Cigna initiated at Edward Jones


Cigna initiated with a Buy at Edward Jones

Adial Pharmaceuticals retires all outstanding debt


Adial Pharmaceuticals (NASDAQ:ADILannounces that the holder of the sole remaining, outstanding convertible note has fully converted the balance of the note into common shares of the Company.
As previously reported, the convertible note had a face value of $325,000 and was convertible into 162,500 shares of common stock.
Shares are down 9% premarket.

J&J sticking with consumer health as GSK, Pfizer narrow focus


While GlaxoSmithKline plc (LSE:GSK; NYSE:GSK) and Pfizer Inc. (NYSE:PFE) made the decision this week to focus more exclusively on innovative medicines by combining their consumer healthcare businesses in a joint venture, Johnson & Johnson(NYSE:JNJ) told BioCentury that it continues to see value in keeping its leading consumer healthcare business in house.
On Wednesday, GSK and Pfizer agreed to combine their consumer healthcare businesses into a JV that would have combined 2017 global sales of $12.7 billion. GSK, which will own 68% of the JV, plans to spin out the consumer healthcare business within the next three years (see “GSK, Pfizer JV Allows Both Pharmas to Focus on Innovation”).
The combo would still trail J&J’s consumer business, which had 2017 global sales of $13.6 billion.
In a statement emailed to BioCentury, a J&J spokesperson said the consumer healthcare business provides an advantage in that “many people come to know us first through our consumer brands.” They said that while J&J regularly reviews the pharma’s diversified structure, the belief is that “being broadly based across healthcare is a competitive advantage and a source of strength for J&J.”
Among the three pharmas, J&J also has the largest price-to-earnings (P/E) ratio, coming in at 14.9, vs. 13.7 for Pfizer and 13.2 for GSK.

Gossamer Bio seeks $264.5 million IPO one year after launch


Gossamer Bio Inc. (San Diego, Calif.) plans to raise up to $264.5 million in an IPO on NASDAQ, according to a Dec. 21 SEC filing. The company was launched by ex-Receptos Inc. executives in January (see “Gossamer’s War Chest”).
Friday’s SEC filing is the first glimpse of targets and indications for many of Gossamer’s six programs.
Lead candidate GB001 is a prostaglandin D2 (PGD2) receptor subtype DP2 (PTGDR2; CRTH2; GPR44; DP2; CD294) antagonist in Phase IIb testing for moderate to severe eosinophilic asthma. Gossamer’s pipeline also includes GB002, a PDGFR inhibitor in Phase I testing for pulmonary arterial hypertension, and GB1275, a complement receptor 3 (CR3; CD11b; ITGAM) agonist in preclinical development for oncology.
Gossamer gained GB001 through the acquisition of Pulmagen Therapeutics Ltd.Teijin Pharma Ltd. (Tokyo, Japan) has exclusive Japanese rights to the therapy under a previous deal with Pulmagen.
Teijin completed a positive Phase II Japanese study of GB001. In a separate Phase II trial by Pulmagen, GB001 did not meet its primary endpoint vs. placebo of improvement in forced expiratory volume over one second (FEV1) in asthma patients.
From Pulmokine Inc. (Rensselaer, N.Y.), Gossamer gained exclusive worldwide licenses and sublicenses to GB002 for $5.5 million up front and up to $298 million in milestones. Pulmokine had received the candidate from Gilead Sciences Inc. (NASDAQ:GILD).
Gossamer previously disclosed GB004 is a prolyl hydroxylase (PHD) inhibitor that stabilizes hypoxia-inducible factor 1 ? (HIF1A; HIF1-?) transcription in Phase I testing for inflammatory bowel disease (IBD). It received exclusive, worldwide rights to the therapy from Aerpio Pharmaceuticals Inc. (OTCQB:ARPO) for $20 million up front and up to $400 million in milestones.
Gossamer said in the filing it also has a discovery portfolio of novel BTK inhibitors for autoimmune indications and small molecule cancer metabolism modulators for solid tumors.
Arch Venture Partners holds a 17.5% stake in the company; Omega Fund V a 15.1% stake; and Hillhouse Capital a 10.8% stake.
CEO Sheila Gujrathi, who was Receptos’ CMO, holds a 8.8% stake and Executive Chairman Faheem Hasnain, who was Receptos’ president and CEO, holds a 7.3% stake.
Gossamer has raised more than $300 million since its inception and had $256.4 millionin cash at Sept. 30.
Underwriters for the IPO are BofA Merrill Lynch, Leerink Partners, Barclays and Evercore ISI.