Search This Blog

Wednesday, January 9, 2019

Alzheimer’s: New Approaches and New Hope


Unfortunately, 2018 marked yet another bad year for Alzheimer’s disease drug development. There were easily half-a-dozen major clinical drug trial failures, leading one analyst to call Alzheimer’s drug development “an unrelenting disaster zone.” These failures included:
Takeda Pharmaceutical and Zinfandel Pharmaceuticals abandoned their five-year Phase III TOMORROW trial after an interim analysis of pioglitazone in mild cognitive impairment due to Alzheimer’s disease; Boehringer Ingelheim indicated it was abandoning its Phase II compound BI 409306 after it failed to meet its endpoints; Merck & Co. said it was halting protocol 019, its APECS Phase III clinical trial of verubecestat (MK-8931) in Alzheimer’s after an external Data Monitoring Committee (eDMC) recommended ending it after an interim safety analysis; vTv Therapeutics announced its azeliragon failed to meet either co-primary efficacy endpoint in its Phase III STEADFAST clinical trial in patients with mild Alzheimer’s disease, and several others.
Most of the Alzheimer’s drugs that have failed so far have focused on halting the accumulation of amyloid plaques, or in clearing those plaques. Even when the drugs are successful in doing so, however, they have not improved cognition and memory issues. This has led critics to question if the amyloid theory of Alzheimer’s is, in fact, the wrong path.
With all that gloom-and-doom, however, high-level research is ongoing, looking at preventing amyloid accumulation earlier and earlier in the disease and examining other aspects of the disease that are implicated in the cognition and memory problems. Rudy Tanzi, Chair of the Cure Alzheimer’s Fund Research Leadership Group and the Kennedy Professor of Neurology at Harvard University and at Massachusetts General Hospital, and Rob Fried, chief executive officer of ChromaDex, took time to speak with BioSpace about the current understanding of Alzheimer’s and some interesting approaches to drug development. Tanzi was quick to note that he is both a shareholder and a member of ChromaDex’s Scientific Advisory Board.
Rudolph Tanzi_Cure Alzheimer’s Fund
Rudy Tanzi, Chair of the Cure Alzheimer’s Fund Research Leadership Group and the Kennedy Professor of Neurology at Harvard University and at Massachusetts General Hospital
First off, Tanzi discussed the current thinking behind Alzheimer’s disease. And contrary to the critics, he doesn’t believe the amyloid theory is wrong at all. “I think amyloid and tangles trigger the disease,” he says, “but they’re not sufficient to cause dementia. In a nutshell, what we’ve learned is that amyloid comes very early, 15 years before symptoms. And all the genetics tells us this disease begins with amyloid.”
Once amyloid begins to form, the tangles themselves will kill some neurons, but not enough to create dementia. But the amyloid and tangle-driven neuronal cell death eventually hits a point where the brain’s innate immune system reacts with significant levels of neuroinflammation. “Then, exponentially more cell death occurs, which leads to symptoms of dementia and Alzheimer’s disease,” Tanzi says.
Tanzi compares the amyloid to a match and the tangles to a brush fire. “You can live with them,” he says, “but once the brain reacts to neuroinflammation, that’s like the forest fire. That’s when you really lose enough neurons to go downhill and become dementia. The failure of the amyloid-targeted AD trials is like trying to put out a raging forest fire by blowing out the match.”
Which, broadly speaking, is where ChromaDex comes in. Founded about 20 years ago as an analytical testing business, it later added a reference standards business and ultimately became an ingredients business. They developed a portfolio of five ingredients, all of which are interesting, but one, in particular, is especially so. That product is Niagen (nicotinamide riboside or NR).
NR is a member of the vitamin B3 family. Cells in the body use NR to create nicotinamide adenine dinucleotide (NAD+), which is essential to cellular energy generation and metabolism.
One of the results of aging is a decline of NAD. It plays significant roles in cellular metabolism, energy production, maintaining healthy mitochondria, and promotion of cellular repair.
Rob Fried_ChromaDex
Rob Fried, chief executive officer of ChromaDex
ChromaDex is a bit unusual as a biotech company. Fried refers to it as a “consumer biotech company. It has very strong science, but its commercialization strategy is in the consumer realm. There are still some ingredients in place to other consumer-facing companies to whom we supply our ingredients—most notably Niagen.”
So far, there are four published clinical trials involving Niagen with 28 listed on clinicaltrials.gov. Most of those trials are in the neurological field, with some in cardiovascular, and others addressing obesity.
Fried says, “Specifically, the focus is on cell repair. PARP (poly ADP ribose polymerase) requires NAD. And PARP is involved in oxidative stress and correcting DNA mutations. NAD itself is vital to many repair functions. There are studies ongoing specifically related to inflammation.”
Tanzi compares cells to batteries. “As we get older, our energy does down. It’s like a computer battery. The older it gets, the more the battery goes down and the harder it is to charge it.”
The brain is very energy-dependent. When the mitochondria age and stop using fuel like ATP, they are believed to become vulnerable. Microglial cells are specialized immune cells found in the central nervous system. They remove damaged and debris, like amyloid, to maintain the health of the central nervous system. But they also fight infections and react to neuronal cell death by triggering neuroinflammation. This leads to massive neuronal cell death, essentially via “friendly fire.” Tanzi notes, “A microglial cell is more likely to be neuroinflammatory if it is lacking in energy and, thus, less resilient.”
He cites a study published in the journal Cell that described increasing ATP levels in a microglial cell that carried a mutant version of one of the Alzheimer’s genes known as TREM2. “If you increase ATP levels, it continues doing a better job of clearing beta-amyloid. And it’s less likely to become neuroinflammatory. So when we talk about resilience of cells, it’s often about how much energy the cell has. As we get older, we have less cellular energy which has a lot to do with ATP and mitochondria. NAD levels drop as we get older, so if you supplement it, levels go back up, which starts to restore cellular energy, which has implications for Alzheimer’s disease and neurocellular resilience.” Likewise, a neuron with more energy is less likely to form a tangle in the presence of neuroinflammation, adds Tanzi.

In addition to the various other ongoing clinical trials involving Niagen and NAD, Tanzi and colleague Steve Arnold at MGH, along with ChromaDex, have designed a clinical trial to evaluate Niagen in Alzheimer’s disease. They are still organizing funding, including discussions with the Cure Alzheimer’s Fund, but the trial is fully designed. Tanzi notes that as a shareholder in ChromaDex, he can help design the trial, but would be precluded as a professor at Harvard Medical School and MGH from participating in the trial itself.
When asked about the Cure Alzheimer’s Fund, Tanzi says it started approximately 15 years ago, which initially funded one of the first whole gene sequencing for Alzheimer’s genes, which led to the discovery of the first inflammatory gene, CD33. Cure Alzheimer’s Fund currently funds more than 75 investigations, giving out about $20 million per year.
“One of the cooler things,” Tanzi adds, “is the people who founded it, to this day, pay all the overhead. If somebody were to give one dollar, one dollar goes to research. They’re only invested in research. They don’t do other important things like outreach or dealing with families, just hard-core, state-of-the-art, cutting-edge research around the world.”

Experimental app might spot drug overdoses in time to help


Too often people die of an opioid overdose because no one’s around to notice they’re in trouble. Now scientists are creating a smartphone app that beams sound waves to measure breathing — and summon help if it stops.
The app is still experimental. But in a novel test, the “Second Chance” app detected early signs of overdose in the critical minutes after people injected heroin or other illegal drugs, researchers reported Wednesday.
One question is whether most drug users would pull out their phone and switch on an app before shooting up. The University of Washington research team contends it could offer a much-needed tool for people who haven’t yet found addiction treatment.
“They’re not trying to kill themselves — they’re addicted to these drugs. They have an incentive to be safe,” said Shyamnath Gollakota, an engineering and computer science associate professor whose lab turns regular cellphones into temporary sonar devices.
But an emergency room physician who regularly cares for overdose patients wonders how many people really would try such a device.
“This is an innovative way to attack the problem,” said Dr. Zachary Dezman of the University of Maryland School of Medicine, who wasn’t involved in the research.
Still, “I don’t know if many folks who use substances are going to have the forethought to prepare,” he added.
More than 47,000 people in the U.S. died of opioid overdoses in 2017. The drugs suppress breathing but a medicine called naloxone often can save victims — if it reaches them in time. Usually, that means someone has to witness the collapse. Dr. Jacob Sunshine, a University of Washington anesthesiologist, notes that people have died with a relative in the next room unaware they were in trouble.
The research team settled on cellphones as potential overdose monitors because just about everyone owns one. They designed an app that measures how someone’s chest rises and falls to see if they’re slipping into the slow, shallow breaths of an overdose or stop breathing completely.
How? The software converts the phone’s built-in speaker and microphone to send out inaudible sound waves and record how they bounce back. Analyzing the signals shows specific breathing patterns.
It won’t work inside a pocket, and people would have to stay within 3 feet. The researchers are in the process of making the app capable of dialing for help if a possible overdose is detected.
They put the experimental gadget to the test at North America’s first supervised injection site in Vancouver, British Columbia, where people are allowed to bring in illegal drugs and inject themselves under medical supervision in case of overdose. Study participants agreed to have doctoral student Rajalakshmi Nandakumar place the app-running cellphone nearby during their regularly monitored visit.
The software correctly identified breathing problems that could signal an overdose — seven or fewer breaths a minute, or pauses in breathing — 90 percent of the time, the researchers found. Most were near-misses; two of the 94 study participants had to be resuscitated.
For a bigger test, the researchers next turned to people who don’t abuse drugs but were about to receive anesthesia for elective surgery. Rendering someone unconscious for an operation mimics how an overdose shuts down breathing.
Measuring 30 seconds of slowed or absent breathing as those patients went under, the app correctly predicted 19 of 20 simulated overdoses, the researchers reported. The one missed case was a patient breathing slightly faster than the app’s cutoff.
The findings were reported in the journal Science Translational Medicine. The researchers have patented the invention and plan to seek Food and Drug Administration approval.

CVS expects to benefit from Aetna merger in first quarter


If CVS Health leaders are fazed by a federal judge’s ongoing review of their merger, they gave no hint of it at the J.P. Morgan Healthcare Conference on Tuesday.
“I want to unequivocally state that CVS Health and Aetna are one company and our transformation work is already underway,” CVS Health CEO Larry Merlo told investors during his presentation.
In fact, Merlo said the company expects to see the benefits start to accrue in the first quarter of 2019. In the first half of the year, CVS will see benefits from a newly created combined purchasing organization to ensure goods and services fetch “the most effective prices,” as well as from formulary and plan design changes, Merlo said. By the end of the year, CVS expects to see medical cost savings, he said, promising a more in-depth presentation to investors in the company’s earnings call in February.
CVS CFO Eva Boratto echoed Merlo’s comments during the company’s breakout session.
“Clearly as a result of the deal bringing the Aetna business on obviously from a stand-alone basis is a tailwind for us,” she said.
Merlo said CVS and Aetna are making “substantial progress” toward integration and are rolling out programs and services that will benefit clients. He said the ongoing review by U.S. District Judge Richard Leon in Washington will not affect the companies’ timeline for achieving targets.
The merger included CVS assuming $8 billion in Aetna’s debt, bringing its total outstanding debt to approximately $76 billion, excluding leases, which is on par with CVS’ expectations, Merlo said. CVS has $1.2 billion in debt maturing in 2019, and expects an interest expense of about $3.1 billion during the year.
The merger is designed to attack the problem of healthcare’s fragmentation, Merlo said. The system is designed for episodic care, and patients have to be their own quarterbacks, which often leads to unnecessary, wasteful spending, he said.
“Continuing the status quo is simply not an option,” he said. “Not for the physical and financial health of consumers, providers, corporations, the government. We can and we must do better.”
Part of CVS’ advantage is the frequency at which patients use its services, Merlo said. Today, CVS engages 1 in every 3 Americans, he said.
“We have become part of their normal, everyday routines,” he said, “and this is critically important because as we think about opportunities, we don’t have to build new routines, we simply have to build our programs and services into the existing routines.”
Merlo said CVS and Aetna have a clear line of sight toward achieving their goal of more than $750 million in synergies by 2020. Most of that will come from reduced corporate expenses and the integration of operations, he said.
During the CVS breakout session, Lisa Gill, head of J.P. Morgan’s healthcare technology and distribution team, commented that CVS’ MinuteClinic concept seems underutilized. Merlo responded that including them as part of Aetna’s plan design could play an important role in increasing their use, as could expanding their scope of practice and adding new services for the treatment of chronic disease.
“The good news is there is excess capacity in many of our clinics today,” he said.

Notes from the Floor: Biotech Showcase, Day 3


Wednesday (January 9) marked the third and final day of the Biotech Showcase in San Francisco. The Investing News Network (INN) was again in attendance to provide investors with coverage. 
The conference, which is taking place between January 7 to January 9, and represents one of the busiest times of the year for the biotech industry, as it aligns with the JP Morgan Healthcare conference at the same time, also in San Fransisco.
Public and private companies in attendance present information to investors and experts alike at the Biotech Showcase. Panels and other meetings at the conference also provide the opportunity to hear from experts about the state of the biotech industry. Continue reading below for more on what happened on the third day of the show.

Similar to other days of the show, the Biotech Showcase started off Wednesday with an informative panel from industry experts called “Rare and orphan diseases: The biotech industry poised to make a dent in treatment and diagnosis.”
David Snow, chief business officer with Eloxx Pharmaceuticals (NASDAQ: ELOX), was among the panelists. Others included Edward Tenthoff, senior research analyst at Piper Jaffray & Co., and Jim Healy, general partner at Sofinnova Ventures, among others.
It wasn’t only the meeting and presentation rooms that were full, attendees and more met in the Hilton’s hotel lobby. where the conference took place. This also shows the enthusiasm and interest in the biotech space for all of the conferences taking place throughout the week.
In the afternoon, INN attended yet another panel. Wednesday’s lunch session discussed “The intersection of policy and sentiment: The impact on the industry and the outlook for the future.” A few topics the panel touched on was the current government shutdown, drug pricing concerns and the US Food and Drug Administration’s (FDA) evolving role.


JP Morgan 2019 – big hitter mentions can’t help Sangamo


The zinc finger specialist Sangamo is often touted as a takeover target, at least among its army of retail investors, and being name-dropped by both Gilead and Sanofi during JP Morgan presentations had caused excitement. But an update today disappointed: Sangamo fans hoping for important data imminently will have to wait until later this year. The group’s lead assets, SB-913 and SB-318, being developed in mucopolysaccharide diseases, are being profiled at the World Symposium in February, but its chief executive, Sandy Macrae, told JP Morgan today that this readout would only reveal biochemical and safety data. Results in ERT-withdrawal patients will not come until an unspecified time later this year. The company needs to show that the projects produce results in patients who have been weaned off enzyme-replacement therapy (ERT), the standard of care, and Mr Macrae stated: “Until we’ve stopped filling up with ERT we won’t know the true benefit.” Sangamo has a CAR-T alliance with Gilead, as well as having teamed up with the Sanofi-owned Biogen spin-off Bioverativ in haemoglobinopathies, and with Pfizer in haemophilia A. Nevertheless, investors sent its stock down 14% today.

Barrington Research: With SEC Litigation Settled, Opko Health Should Outperform


Opko Health Inc. OPK 0.83% lost around 57 percent over the span of a few months after the SEC named the company as a defendant in a lawsuit alleging a “pump-and-dump” stock trading by CEO and Chairman Dr. Phil Frost.
The conclusion of the litigation — which ended with the company agreeing to pay a $100,000 penalty and Frost paying a $5-million fine — has been positive for the company’s shares, which have rallied more than 40 percent since December, according to Barrington Research.

The Analyst

Analyst Michael Petusky maintains an Outperform rating on Opko Health with a $7 price target.

The Thesis

With the SEC issue behind it, Opko Health can now fully focus on growth, improving operations and making progress in its pre-commercial product pipeline, Petusky said in a Wednesday note.
Opko Health has named Jon Cohen as executive chairman and Geoff Monk as president of its BioReference Laboratories business, which has been a major contributor to the company’s financial results.
While both moves appear positive, “we are particularly encouraged by Mr. Monk’s promotion given the fact that he has been charged with driving improvement in BRL’s operations since he was hired in May 2018,” the analyst said.
Opko Health could generate revenue of $239.1 million in Q4, with BRL contributing approximately $190.3 million, according to Barrington. The company’s EPS for the quarter is projected at a negative 7 cents per share, Petusky said.

Wainwright Slashes La Jolla Target, Estimates On Below-Views Guidance


La Jolla Pharmaceutical Company LJPC 11.61% reported net 2018 sales of $10.1 million for the septic shock treatment Giapreza this week and announced 2019 sales guidance of $24 million to $28 million for the drug.
The guidance represents continued linear growth, despite the company’s plans efforts to reach an inflection point in Giapreza’s sales by moving to centralized contracting and offering volume discounts, according to H.C. Wainwright.

The Analyst

Analyst Edward White maintained a Buy rating on La Jolla and reduced the price target from $48 to $25.

The Thesis

La Jolla expects a decision in June on its Marketing Authorization Application to the European Medicines Agency for Giapreza, White said in a Wednesday note.
If Giapreza receives EMA approval, it could be launched in Europe in the back half of 2019, according to La Jolla.
The impact of the below-expectation Giapreza sales guidance for 2019 is offset partially by cost-cutting expectations in R&D and SG&A, the analyst said.
H.C. Wainwright reduced its revenue estimates for the company from $17.5 million to $10 million in 2018 and from $89.7 million to $24.8 million in 2019. EPS estimates for 2018 were lowered from a $7.96 loss to an $8.16 loss and from a $6.03 loss to a $7.31 loss in 2019.