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Friday, December 28, 2018

New Class of Breast Cancer Drugs Could Help Treat Toughest Lung Cancer Cases


Researchers with the Francis Crick Institute- and The Institute of Cancer Research recently published research suggesting that a new class of drugs that is helpful in treating breast cancers could help treat some of the hardest-to-treat lung cancers. They published their work in the journal Cell Reports.
The scientists tested drugs that block p110a, which show promise in breast cancer clinical trials, in mice who had lung cancers caused by mutations in the EGFR gene. The RAS gene is mutated in about one in five cancers, resulting in uncontrolled growth.

The team was studying the interaction between the RAS protein and p110a. They found that by blocking the interaction in the mice, the tumors shrank significantly.
“At the moment, patients with EGFR-mutant lung cancers are given targeted treatments that are very effective for the first few years,” stated Julian Downward, team leader. “These drugs are improving, but unfortunately after a couple of years the cancer usually becomes resistant and starts to grow and spread again. The second line of treatment is currently conventional chemotherapy, which is not targeted and has substantial side-effects.”
As a result, Downward proposes that that p110ainhibitors should be investigated as a possible second-line therapy in lung cancers. More preclinical work needs to be done first, but it does appear to be a promising pathway to investigate.
In non-small cell lung cancer (NSCLC), the most frequently mutated oncogenes encode the small GTPase KRAS and the EGFR. The basics of this led to the use of EGFR-targeted tyrosine kinase inhibitors (TKIs) in NSCLC patients with those mutations. A new generation of TKIs have been approved, including AstraZeneca’s Tagrisso (osimertinib). Tagrisso is approved for first-line treatment of metastatic EGFRm NSCLC.
Tagrisso is one of AstraZeneca’s fastest-growing cancer drugs. In the company’s third-quarter financial, sales increased for the quarter by 104 percent to $506 million, and the year-to-date sales at that point were $1.266 billion.
Other TKIs include Novartis’ Imatinib mesylate (Gleevec) and Nilotinib (Tasigna), Bristol-Myers Squibb’s Dasatinib (Sprycel), Pfizer’s Bosutinib (Bosulilf) and Takeda’s Ponatinib (Iclusig).
However, additional resistance has been found in patients receiving TKIs, especially a C797S mutation in EGFR.
In their research, before using the new drugs, tumors took up about two-thirds of the mice’s lungs. When they used drugs to block the interaction between RAS and p110a, the tumors shrank to about one-tenth of the lung space. There were also few side effects.
“As we wanted to pinpoint the specific interaction responsible, we used a genetic technique that would not be practical in a patient treatment,” Downward stated. “We’re looking to develop ways to do this with drugs, as blocking this specific pathway would significantly reduce side-effects, but this work is many years from the clinic.”
He goes on to say, “In the medium-term, investigating existing drugs that inhibit p110awill be the next step. While these have side-effects, including temporary diabetes-like symptoms during treatment, they are still less toxic than chemotherapy.”

Aphria: Green Growth Brands’ proposal ‘significantly undervalues’ company


Aphria responds to the unsolicited proposal by Xanthic Biopharma Inc. d.b.a. Green Growth Brands to acquire all of the Company’s outstanding common shares in an all-stock transaction. The company said, “Based on the 20-day volume weighted average price of GGB shares and the expressed exchange ratio of 1.5714 common shares of GGB for each Aphria share, the proposed bid would be approximately 23% below the Company’s average share price over the same period. Aphria shareholders should be aware that the value of GGB’s per-share offer is based on a hypothetical valuation of its own shares, with no relation to the current price. GGB’s management presented the offer to Aphria the morning of December 27, 2018, and immediately went public with its proposal, less than six hours later and after the market closed on the same day. The Board believes that GGB is attempting to acquire the company through a highly conditional offer at a significant discount to its current and future value.” Irwin Simon, Chair, said, “While we appreciate GGB’s interest in the value we have created at Aphria and our significant growth prospects, their proposal falls short of rewarding our shareholders for participating in such a transaction. Further, the proposed offer is quite risky given GGB’s condition to complete a brokered financing at a price that is more than double the recent average of their share price, as a key term to the proposal. The Board has determined that the GGB proposal, as it currently stands, significantly undervalues the company. Aphria has a tremendous market opportunity as a leader in the sector and a strategic vision to meet those opportunities. Our focus is to realize that value for the benefit of all our shareholders.” The Aphria Board of Directors has established an independent committee of directors to consider this proposal and any formal offer received. As previously disclosed, Aphria holds a passive investment in Green Acre Capital Fund II, which the company understands has invested in numerous emerging cannabis companies, including GGB. The independent committee is comprised of directors with no relationship to Green Acre Capital Fund II or GGB. Aphria will continue on the execution of its current corporate strategy, including its international expansion plan, and the growth of its unique assets.
https://thefly.com/landingPageNews.php?id=2841763

Cigna shares attractively valued on new estimates, says Credit Suisse


Credit Suisse analyst A.J. Rice reiterates an Outperform rating on Cigna with a $250 price target after updating his model following the close of the Express Scripts acquisition. The analyst sees the combined company earning $16.45 in earnings per share in 2019. He also raised his 2020 estimate to $18.50 from $17.00 and sees 2021 earnings per share of $20.80. Cigna shares trade at less than 10 times the pro-forma 2020 earnings estimate, an almost three times discount to the group multiple of roughly 12.8 times, Rice tells investors in a research note. He views Cigna shares as attractively valued at current levels.

Zai Lab announces launch of Optune in Hong Kong for treatment of glioblastoma


Zai Lab (ZLAB) announced the launch of Optune in Hong Kong for the treatment of glioblastoma multiforme with the treatment of its first patient. Hong Kong is the fourth market after the United States, Europe and Japan to have access to this important new medical technology. Optune is the second product, along with the PARP inhibitor ZEJULA for the treatment of ovarian cancer, commercialized by Zai Lab in an Asian market. Optune is a cancer therapy that uses electric fields tuned to specific frequencies to disrupt cell division, inhibiting tumor growth and causing affected cancer cells to die. Zai in-licensed the technology from Novocure (NVCR) in September 2018. Novocure markets Optune in the U.S., Europe, Japan and certain other countries for the treatment of GBM and is in advanced clinical development for multiple solid tumor indications. While Optune is not yet approved for commercialization in China, the technology was included and recommended with Level 1 evidence as a treatment for GBM in China’s Glioma Treatment Guideline published in 2016. In December 2018, the national treatment guideline was expanded to include both newly diagnosed and recurrent GBM patients.

Sarepta’s recent weakness represents ‘buying opportunity’, says BTIG


BTIG analyst Timothy Chiang kept his Buy rating and $190 price target on Sarepta (SRPT), noting that while the stock was among the best performing biotech names this year, its recent weakness represents a “potential buying opportunity”. The analyst believes that the company’s AAVrh74 micro-dystrophin gene therapy for the treatment of Duchenne Muscular Dystrophy program leads those of Pfizer (PFE) and Solid Biosciences (SLDB) and expects Sarepta to reach about $2B in peak U.S. sales by 2024.

Edwards Sapien 3 heart valve gets FDA approva


Edwards Lifesciences’ (NYSE:EW) Sapien 3 Ultra transcatheter heart valve gets U.S. FDA approval.
The approval applies to transcatheter aortic valve replacement in severe, symptomatic aortic stenosis patients who are determined to be at intermediate or greater risk of open-heart surgery.
Edwards rises 0.7% in premarket trading.

Emergent BioSolutions Application for Emergency Use for NuThrax to FDA


Emergent BioSolutions Inc. (NYSE: EBS) announced today the submission of an application to the U.S. Food and Drug Administration (FDA) for potential emergency use of NuThrax™ (anthrax vaccine adsorbed with CPG 7909 adjuvant) in the event of a public health emergency involving Bacillus anthracis. NuThrax, also known as AV7909, is being developed as a next generation anthrax vaccine for post-exposure prophylaxis of disease resulting from suspected or confirmed Bacillus anthracisexposure, in conjunction with the recommended course of antimicrobial therapy. This submission is anticipated to undergo review by FDA through the first half of 2019.
“We are pleased with engaging in early discussions with the FDA regarding this EUA package submission for NuThrax, which has been identified as a potential critical component of the nation’s anthrax preparedness strategy,” said Abbey Jenkins, senior vice president and vaccines and anti-infectives business unit head at Emergent BioSolutions. “NuThrax is designed to have attractive features, including the potential to have a shorter dosing schedule and to elicit a faster immune response, that may make it a more appropriate candidate for an effective response to a large-scale public health emergency involving anthrax. We look forward to NuThrax being an EUA-eligible product to enable deliveries to the Strategic National Stockpile in 2019.”
NuThrax is comprised of Anthrax Vaccine Adsorbed in combination with the immunostimulatory oligodeoxynucleotide compound CPG 7909. NuThrax was designed to have a two-dose schedule and may elicit a faster immune response than currently available anthrax vaccines. Several Phase 1 and Phase 2 clinical studies have investigated the safety, efficacy, and stability profile of NuThrax.
The FDA submission package was completed under the company’s 2016 contract with the Biomedical Advanced Research and Development Authority (BARDA) that includes a five-year base period of performance valued at approximately $200 million to develop NuThrax for post-exposure prophylaxis of anthrax disease and to deliver to the Strategic National Stockpile an initial three million doses following EUA pre-approval by FDA.
Contract HHSO100201600030C for the advanced development and delivery of NuThrax is funded by BARDA, a division within the Office of the Assistant Secretary for Preparedness and Response in the U.S. Department of Health and Human Services.