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Thursday, December 27, 2018

AbbVie gets rights to Lupin’s MALT1 program


Lupin Ltd. (NSE:LUPIN; BSE:500257) granted AbbVie Inc. (NYSE:ABBV) exclusive, worldwide rights to a portfolio of mucosa-associated lymphoid tissue lymphoma translocation gene 1 (MALT1) inhibitors, which the U.S. pharma intends to develop for hematological cancers.
AbbVie will pay Lupin $30 million up front. The Indian company is eligible for $947 million in milestones, plus double-digit royalties, and will retain the program’s commercial rights in India.
Lupin, which is primarily a generics company, was developing the MALT1 program out of its Novel Drug Discovery and Development division.

Pfizer Invites Public to Listen to Webcast at Goldman Healthcare Conference


Pfizer Inc. invites investors and the general public to listen to a webcast of a discussion with Albert Bourla, Chief Operating Officer, at the Goldman Sachs 11th Annual Healthcare CEOs Unscripted: A View from the Top on Thursday, January 3, 2019 at 10:15 a.m. Eastern Standard Time. Effective January 1, 2019, Albert Bourla will become Chief Executive Officer.
To listen to the webcast, visit our web site at www.pfizer.com/investors. Information on accessing and pre-registering for the webcast will be available at www.pfizer.com/investors beginning today.
Visitors will be able to listen to an archived copy of the webcast at www.pfizer.com/investors.

Sesen Call to Update Trial Data in Non-Muscle Invasive Bladder Cancer


Sesen Bio, Inc. (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of people with cancer, today announced that company management will host a conference call on Thursday, Jan. 3, 2018 at 8:30 a.m. ET to review updated data from its Phase 3 VISTA Trial of Vicinium™ for the treatment of patients with high-grade non-muscle invasive bladder cancer who have been previously treated with bacillus Calmette-Guérin.
To participate in the conference call, please dial (844) 831-3025 (domestic) or (315) 625-6887 (international) and refer to conference ID 4263106. The webcast can be accessed in the Investor Relations section of the company’s website at www.sesenbio.com. The replay of the webcast will be available in the investor section of the company’s website at www.sesenbio.com for 60 days following the call.

Horizon: FDA Approves Expanding Age Range for Urea Cycle Disorder Med


Horizon Pharma plc (NASDAQ: HZNP) today announced the U.S.Food and Drug Administration (FDA) has approved a supplemental new drug application (sNDA) to expand the age range for RAVICTI® (glycerol phenylbutyrate) Oral Liquid to include infants younger than two months of age living with a urea cycle disorder (UCD).
RAVICTI is now FDA-approved for use as a nitrogen-binding agent for chronic management of UCDs in adults and children of all ages who cannot be managed by dietary protein restriction and/or amino acid supplementation alone. RAVICTI must be used with dietary protein restriction and, in some cases, dietary supplements. RAVICTI is not indicated for treatment of acute hyperammonemia in patients with UCDs, and its safety and efficacy for the treatment of n-acetylglutamate synthase (NAGS) deficiency has not been established.
“The FDA approval of RAVICTI for children younger than two months provides a new alternative for the management of patients with a UCD that is easy to dose and administer to infants given the liquid formulation,” said Nicola Longo, M.D., Ph.D., clinical geneticist at Primary Children’s Hospital and the University of Utah Hospital, and a lead investigator of a clinical study evaluating RAVICTI for newborns. “UCDs are severe and can be life-threatening. We hope that the combination of early diagnosis – through newborn screening or by measurement of ammonia levels – and the availability of novel treatments, such as this one, can help to improve the outcome of affected patients.”
A study was conducted to assess safety, efficacy and pharmacokinetics in pediatric patients with UCDs two months of age and younger (n=16). In the study, 10 patients transitioned to RAVICTI from sodium phenylbutyrate, three transitioned from intravenous sodium benzoate and sodium phenylacetate, and three were treatment naïve. Patients were treated with RAVICTI for an average of 10.7 months. Results demonstrated safety and efficacy in children younger than two months, with RAVICTI-treated patients maintaining stable ammonia levels relative to their pre-study enrollment. In addition, mean ammonia levels were lower during treatment with RAVICTI compared to baseline values.
“As we increase our efforts to develop new investigational medicines for people living with rare and rheumatic diseases, Horizon continues to seek ways to better serve patients with our current medicines,” said Elizabeth Thompson, Ph.D., vice president, clinical development, rare diseases, Horizon Pharma. “The FDA approval of RAVICTI for children under the age of two months is a milestone in our efforts to help people living with UCDs, and we are proud to be bringing a new treatment option to the vulnerable newborn patient population.”
A UCD is a rare genetic disorder that affects approximately 1 in 35,000 live births in the United States. It is caused by an enzyme deficiency in the urea cycle, a process that is responsible for converting excess ammonia from the bloodstream and ultimately removing it from the body. Because of this, people with a UCD experience hyperammonemia, or elevated ammonia levels in their blood, that can then reach the brain and cause irreversible brain damage, coma or death. UCD symptoms may first occur at any age depending on the severity of the disorder, with more severe defects presenting earlier in life.

Opiant Licenses Synthetic Cannabinoid Overdose Drug from Sanofi for $500,000


Overdose and drug addiction specialist Opiant Pharmaceuticals struck a licensing deal with Sanofi for the development and commercialization of a late-stage-ready treatment for acute cannabinoid overdose.
Southern California-based Opiant, which developed the widely-sued opioid overdose treatment Narcan, plunked down an upfront fee of $500,000 for drinabant, a cannabinoid CB-1 receptor antagonist that will be used in an emergency setting for acute cannabinoid overdose (ACO). The type of overdose that drinabant is being developed for comes from the ingestion of so-called “edibles” that contain large quantities of D9-tetrahydrocannabinol (THC) and synthetic cannabinoids, such as those that are sold with the label K2 or Spice. According to the U.S. Centers for Disease Control and Prevention, synthetic cannabinoids are prepared with various man-made chemicals that can have toxic side effects. These side effects can cause rapid heart rate, vomiting, agitation, confusion, and hallucinations. These synthetic products are typically more potent than marijuana and much less expensive.
Opiant said that synthetic cannabinoids are used to make edible products, such as brownies and cookies. Many people can eat these by accident, which can sometimes result in a toxic reaction that requires a visit to an emergency room. Using 2014 rates from the National Emergency Department sample and United States Census Bureau figures, Opiant estimated that ACO resulted in more than 1 million emergency room visits in 2016. Those rates could rise due to the number of states that have begun to legalize marijuana, Opiant noted.

As of now, there are no treatments for ACO that have been approved by the U.S. Food and Drug Administration. Opiant hopes that drinabant will be the first. The company pointed to early clinical work conducted by Sanofi on drinabant that showed oral administration of the asset was shown to “block both subjective and objective effects of inhaled THC.” However, Opiant said that oral treatment of drinabant has a slow mechanism of action. To rapidly reverse the symptoms of ACO in an emergency room setting, it will require an injectable version, the company said. That Phase I and Phase II clinical work conducted by Sanofi also demonstrated a strong safety profile for drinabant, Opiant said in its announcement.
Opiant Chief Executive Officer Roger Crystal said the deal with Sanofi for drinabant is indicative of the company’s goals to develop best-in-class treatments for addiction and drug overdose.
“We are encouraged by both the safety profile of drinabant, as well as the potential of an injectable CB-1 antagonist to rapidly reverse the symptoms of ACO and address a growing medical need. We intend to initiate development efforts in 2019 and commence clinical studies thereafter,” Crystal said in a statement.
Under terms of the deal, Sanofi will receive $500,000 in an upfront fee from Opiant. The larger pharma company will also be eligible for additional payments based on whether or not Opiant hits certain clinical, regulatory and sales milestones. Opiant will assume all development and commercial responsibilities related to drinabant.

BioXcel gains on Fast Track designation


BioXcel’s (NASDAQ:BTAI) investigational drug BXCL501 – a proprietary sublingual film of dexmedetomidine, for the treatment of acute agitation – has been granted Fast Track Designation by the FDA.
Top-line data from the Phase 1 study of the drug is expected in H1 2019.
Shares +15.35% premarket
Source: Press Release

Sage’s 217 PPD data to be ‘important’ inflection point in Q1, says Piper Jaffray


Piper Jaffray analyst Danielle Brill told investors in a research note that data from Sage Therapeutics’ ongoing trial with 217 in postpartum depression will be an important inflection point for the company in 1Q19 and says she remains bullish ahead of the data. The analyst, who has an Overweight rating and $206 price target on Sage shares, says she is “comfortable” that 217’s MOA and PK profiles are very closely related to brex and it should achieve similar anti-depressant effects in the ongoing pivotal PPD trial.