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Sunday, January 13, 2019

Healthcare Job Growth Outpaces Nearly Every Sector in 2018


The healthcare sector created one in seven new jobs in the U.S. in 2018, according to new preliminary data released by the Bureau of Labor Statistics.
For 2018, healthcare created a total of 346,000 jobs — nearly 29,000 new jobs each month — up from 284,000 jobs created in 2017. The 2018 figures include 219,000 new jobs in ambulatory services and 107,000 new hospital jobs.
In the overall economy, total nonfarm employment increased by 2.6 million in 2018, compared with 2.2 million in 2017, and the unemployment rate ticked up 0.2 percentage point to 3.9% in December.
A further breakdown of employment in healthcare shows that the sector ended the year with 50,000 new jobs in December, including 38,000 jobs in ambulatory services and 7,000 jobs in healthcare.
At the end of 2018, more than 16.2 million people worked in the healthcare sector, which accounts for nearly 11% of all jobs in the overall economy, including 7.6 million in ambulatory services, and 5.2 million in hospitals.
Healthcare job growth outpaced nearly every other major sector of the economy in 2018, including food services (261,000), construction (280,000), manufacturing (284,000), and retail sales (92,000).
The new data is in line with Bureau of Labor Statistics projections that healthcare sector employment will grow 18% from 2016 to 2026, “much faster than the average for all occupations, adding about 2.4 million new jobs.”
“This projected growth is mainly due to an aging population, leading to greater demand for healthcare services,” according to the bureau.
On the downside, hospital spending will grow about 5.5% each year, from $1.3 trillion in 2018 to $1.8 trillion in 2026, driven largely by those same demographics.
Only professional and business services outstripped healthcare job growth, creating 583,000 new jobs in the sector, the data showed.

Aslan announces results from Phase 2 study of Varlitinib in gastric cancer


Aslan Pharmaceuticals announced an update on its global placebo-controlled, double-blind phase 2 clinical study of varlitinib as a first-line therapy in HER1/HER2 co-expressing advanced or metastatic gastric cancer patients, comparing varlitinib plus mFOLFOX6 to placebo plus mFOLFOX6. In the recently completed study, varlitinib did not meet the primary endpoint of significant reductions in tumor size after 12 weeks of treatment. Based on independent central review, patients treated with varlitinib plus mFOLFOX6 had an average tumour shrinkage of 22.0% after 12 weeks compared to 12.5% for patients treated with mFOLFOX6 alone. This difference did not reach statistical significance. Upon review of 17 progression free survival events to date, there was a trend toward an improvement in PFS in patients treated with varlitinib. Overall patient characteristics were well-balanced between the two arms with the exception of baseline ECOG status. The proportion of patients with the best performance status was substantially higher in the control arm than in the varlitinib arm.Varlitinib in combination with mFOLFOX6 was very well-tolerated with 73.1% of patients taking varlitinib experiencing a grade 3 or higher adverse event compared to 88.5% of patients taking mFOLFOX6 alone. Aslan will continue to analyze data from this study, working with study investigators on the future publication of these results, and will focus on development in biliary tract cancer and other indications where varlitinib has shown activity.

Biotech week ahead, Jan 14


M&A momentum is building in the pharma space, with more deals announced last week, including Eli Lilly And Co LLY 0.22%‘s $8-billion move to acquire Loxo Oncology Inc LOXO 0.01%.
The following catalysts could impact sentiment toward biotech stocks in the unfolding week.

Conferences

  • 2019 ASCO Gastrointestinal Cancers Symposium: Jan.17-19 in San Francisco, California.
  • 21st Annual Needham Growth Conference: Jan. 15-16 in New York City.

PDUFA Dates

Exelixis, Inc. EXEL 1.29% awaits the FDA’s verdict on its sNDA for cabozantinib, which is being evaluated for patients with previously treated advanced hepatocellular carcinoma. The D-day is Monday.
The FDA is set to rule Friday on Immunomedics, Inc. IMMU 0.73%‘s BLA for sactuzumab govitecan, its investigational candidate for metastatic triple-negative breast cancer in patients who have previously received at least two prior therapies.

Adcom Meetings

The Bone, Reproductive and Urologic Drugs Advisory Committee is scheduled for a discussion Wednesday about Amgen, Inc. AMGN 1.05%‘s BLA for romosozumab injections for osteoporosis in postmenopausal women at high risk of fracture.
The Endocrinologic and Metabolic Drugs Advisory Committee will discuss Thursday the NDA for sotagliflozin oral tablets, codeveloped by Sanofi and Lexicon Pharmaceuticals, Inc. LXRX 1.07%. The candidate is being evaluated as an adjunct to insulin therapy to improve glycemic control in adults with Type 1 diabetes mellitus.

Clinical Trial Results

ASCO-GI Presentations

Rexahn Pharmaceuticals, Inc. RNN 4.85% will present updated Phase 2 data for its RX-3117, in combination with Abraxane, which is being evaluated as a first-line treatment for pancreatic cancer.
TRACON Pharmaceuticals Inc TCON 0.6% is due to present full Phase 2 data for TRC105 and Nexavar in hepatocellular carcinoma.
ASLAN PHARMACEU/ADR ASLN 9.05% is expected to present new Phase 1/2 data for its Varlitinib plus gemcitabine and cisplatin in biliary tract cancer.
Tyme Technologies Inc TYME 3.7% will present interim Phase 2 data for its pancreatic cancer treatment candidate SM-88.
Five Prime Therapeutics Inc FPRX 0.41% and Zai Lab Ltd ZLAB 1.36% are due to present Phase 1 data for their gastric and gastro-esophageal junction cancer treatment candidate FPA144 along with chemotherapy.

Ruth Bader Ginsburg and other serial cancer survivors


Many held their breath on November 8, 2018, when they learned that Supreme Court Justice Ruth Bader Ginsburg, 85, had been hospitalized after a fall in her office left her with three broken ribs. But Ginsburg, the oldest of the justices on the Court, and one of four remaining liberal-wing judges, isn’t one to lay about. She was discharged two days later and worked from home for a few days. A week after the fall, she attended a Medal of Freedom ceremony at the White House for her late friend and fellow Justice Antonin Scalia. She returned to the bench on November 26.
But what we didn’t know at the time was that doctors found something suspicious in her lung on the CT scans taken when she had fractured her ribs. On December 21, two malignant lesions were removed by a lobectomy which took place at Memorial Sloan Kettering Cancer Center in New York City.
Justice Ginsburg’s surgeon, Dr. Valerie W. Rusch, reported that “there was no evidence of any remaining disease” and “scans performed before surgery indicated no evidence of disease elsewhere in the body.” No further treatment is planned, and Ginsburg planned to be back on the bench when the new session began this week, although she was not.
This isn’t Ginsburg’s first brush with cancer. In September 1999, she was diagnosed with colon cancer. It was found incidentally when she had gone to the doctor for an abdominal infection. She underwent a sigmoid colectomy followed by “precautionary” chemotherapy and radiation treatments which began in October and finished in June 2000. According to Ginsburg, “Following the treatments, it is anticipated that I will require only routine examinations to assure my continuing good health.”
It was during one of those routine examinations, 10 years later, when her screening CT scan found a single lesion, measuring about 1 centimeter across, in the center of Ginsburg’s pancreas. She underwent surgery to remove the body and tail of the pancreas along with her spleen.
It has not been disclosed what kind of pancreatic cancer Ginsburg had — the more common but typically devastating adenocarcinoma, or the slower growing neuroendocrine type (the kind that eventually killed Steve Jobs). Neither has the pathology of Justice Ginsburg’s lung tumors been made public. Therefore, we don’t know if it was a third primary cancer or, possibly, metastatic recurrences of the pancreatic or colon cancer. The latter seems unlikely though because there was no evidence of disease elsewhere in her body and no further treatment planned.
Serial Diagnoses
According to the National Cancer Institute, in 2016, there were an estimated 15.5 million cancer survivors in the U.S. The number of cancer survivors is expected to increase to 20.3 million by 2026.
Nearly one in five cancers diagnosed today occurs in an individual with a previous diagnosis of cancer, and these “second cancers” are a leading cause of morbidity and mortality among cancer survivors. These are not recurrences of a previous form of cancer, but the development of a second, unrelated cancer occurring in someone who has had cancer sometime in their past. Research into the causes, prevention, and treatment of second cancers has the potential to improve public health, guide clinical management of survivors, and provide further insight into the mechanisms of carcinogenesis.
According to the NCI’s Division of Cancer Epidemiology and Genetics, second primary cancers appear to be associated with three important factors:
  • Lifestyle, environmental, and medical history factors
  • Genetic susceptibility
  • Treatment-related second cancers
Shared Lifestyle, Environmental, and Medical History Factors
Some cancers are caused by known cancer-producing agents, such as smoking, alcohol, and HPV (human papillomavirus) infection. For example, smokers can get cancer of the larynx but are also at risk of getting lung or esophageal cancer. HPV infection can cause cervical as well as head and neck cancer.
Tobacco smoke contains several different carcinogens and prolonged exposure can result in a phenomenon called “field cancerization.” Field cancerization, as defined by Braakhuis et al., is “the growth of a mutant clone to produce a field of cells predisposed to subsequent tumor growth.” This mutant field is preneoplastic and may appear either histologically normal, hypoplastic, or dysplastic.
Alcohol is another environmental agent associated with increased risk of a variety of cancers, including oral cavity and pharynx, esophagus, liver, colon, larynx, and female breast.
Hormonal factors may play a role in multiple cancers, especially those in breast, ovary, and uterine cancers.
Immune deficiency syndromes, either inherited or acquired, also play a role in increasing the risk of secondary primary tumors. Fraumeni and colleagues found that patients receiving immunosuppressive therapy after kidney transplant had increased risks of non-Hodgkin lymphoma, Kaposi sarcoma, and squamous cell cancer.
Infection with HPV and HIV are also associated with increased risk of multiple primary cancers.
Genetic Susceptibility
About 1-2% of all cancers are associated with hereditary cancer syndromes. They are caused by mutations in certain genes passed from parents to children. In an inherited cancer syndrome, certain patterns of cancer may be seen within families. These patterns include having several close family members (such as a mother, daughter, and sister) with the same type of cancer, developing cancer at an early age, or having two or more types of cancer develop in the same person. Examples of inherited cancer syndromes are hereditary breast and ovarian cancer syndrome, Li-Fraumeni syndrome, Cowden syndrome, and Lynch syndrome. Hereditary cancer patients need to be evaluated by cancer genetic counselors who can assess the risks of other family members.
Treatment-Related Second Cancers
With increasing numbers of cancer survivors come increasing risk of second primary cancers caused by the very treatment they needed to treat their first cancer. Fortunately, the benefit of primary treatment is much higher than the risk of secondary cancer. A monograph from SEER “found that cancer survivors had a 14% higher risk of developing a new malignancy than would have been expected in the general SEER population.” Risks of developing a new malignancy were substantially higher among children (relative risk of 6-fold) than among adults. Use of aggressive cancer treatments, particularly combined modality radiotherapy and chemotherapy, likely contributed to the increased incidence of second malignancies.
Radiation therapy
Many kinds of blood cancers can be linked to previous radiation therapy. Acute myelogenous leukemia (AML), chronic myelogenous leukemia (CML) and acute lymphoblastic leukemia (ALL), and myelodysplastic syndrome (MDS) can all be caused by previous radiation exposure. The increase in risk is dependent on the amount of radiation the bone marrow received during treatment. These cancers tend to occur within a few years after radiation therapy, typically within 5-9 years.
Solid tumors caused by radiation therapy tend to occur much later, perhaps 10-15 years or more after exposure. The risk is dependent on the dose of radiation, the patient’s age at the time of treatment (higher in younger patients), and the area where the radiation was given. Some organs, such as breast and thyroid, are more sensitive to the effects than others.
Chemotherapy
Chemotherapy has also been linked to second cancers. The most common malignancies linked to chemotherapy are myelodysplastic syndrome (MDS) and AML. Some patients develop MDS, which later turns into AML. The risk of these cancers is higher with chemotherapy than with radiation therapy.
Alkylating agents, such as mechlorethamine, chlorambucil, cyclophosphamide (Cytoxan), melphalan, lomustine (CCNU), carmustine (BCNU), and busulfan are all known to cause leukemia and MDS. Higher drug dose and dose intensity, as well as longer therapy duration, increase the risk of leukemia. The risk is greatest beginning two years after treatment and reaches its peak 5 to 10 years after exposure.
Other chemotherapeutic drugs known to cause leukemia include cisplatin and carboplatin, as well as a class of drugs called topoisomerase II inhibitors. They work by stopping cancer cells from being able to repair DNA. One subset of topoisomerase II inhibitors called anthracyclines are less likely to cause leukemia.
Stem Cell Transplant
According to the American Cancer Society, any type of stem cell transplant puts a patient at increased risk of second cancer because of the chemo- and radiation therapy involved. In addition, patients who receive stem cells from an allogeneic donor need to be on immunosuppressive drugs to prevent rejection of the donor’s stem cells. As some cells of the immune system recognize cancer cells as abnormal and kill them, immunosuppressive drugs can decrease this ability, increasing the risk of a second cancer.

Flagship names ex-Roche SVP, Beigene founder as CEO of cancer startup Cygnal


Cygnal Therapeutics has named Pearl Huang as CEO. The ex-Roche senior vice president and Beigene founder will lead the Flagship Pioneering startup as it builds a pipeline of cancer drugs targeting the peripheral nervous system (PNS).
Having spent the past two years in Flagship Labs’ foundry, Cygnal is now ready to push on with the task of developing drugs that hit PNS targets it thinks play a role in cancer and other diseases. These targets are neuronal, but, following the exoneural biology concept that the PNS affects non-neuronal processes, Cygnal has linked them to the progression of diseases seemingly unrelated to neurology.
With targets identified and a biology platform in place, Cygnal has made a key early hire. Flagship Pioneering partner Avak Kahvejian guided Cygnal up to this point but will now make way for Huang, an ex-Roche executive who has decades of experience in cancer research.
Huang worked as SVP and head of therapeutic modalities at Roche until September when, after almost four years at the company, she left. Before joining Roche, Huang served as global head of discovery academic partnerships at GlaxoSmithKline and, prior to that, co-founded Beigene and held the acting CSO role as it was getting off the ground around the start of the decade.
With earlier stints working on oncology discovery and development at Merck and GSK also on her résumé, Huang is well placed to evaluate promising cancer programs. And Huang likes what she sees at Cygnal.
“Cygnal has uncovered one of the most exciting new approaches to cancer therapeutics that I have seen in almost 30 years in the industry,” Huang said in a statement. “[Its] scientists have uncovered paradigm-shifting biological insights and are now applying them to the development of entirely novel therapies.”
In the long term, those insights could lead to drugs targeting inflammation and autoimmune diseases, but Cygnal is focusing its early efforts on cancer. Cygnal is yet to disclose a financing round to support this work but, given the involvement of Flagship, it has access to deep pockets.
Huang is also joining Flagship as a venture partner.

Deciphera CBO Morl talks lines of therapy for kinase inhibitor ripretinib


In 2019, Deciphera is teeing up for data from its phase 3 study testing ripretinib, its KIT/PDGFRα-targeted kinase inhibitor in resistant gastrointestinal stromal tumors (GIST). Deciphera aims to get it approved first as a fourth-line treatment for the cancer and then as a second-line treatment to rival Pfizer’s Sutent (sunitinib). It is not, however, looking to supplant Gleevec (imatinib), the first-line therapy for GIST.
Novartis’ KIT inhibitor, Gleevec works for the vast majority of patients—about 80% of them, said Deciphera Chief Business Officer Chris Morl at the J. P. Morgan Healthcare Conference. Problem is, the disease continues to mutate, even after effective treatment, which results in resistance to imatinib. As their cancer evolves, patients are then treated with second- and third-line treatments, which include Sutent and Bayer’s Stivarga (regorafenib). Beyond that, there is no approved treatment for patients who fail these late-line treatments.
 Ripretinib, also called DCC-2618, is designed to inhibit every known mutation in KIT, Morl said.
“Imatinib inhibits some. Sunitinib inhibits some as well. We believe we can treat all of them,” he said.
At ESMO, Deciphera reported three-month data showing that ripretinib achieved disease control rates of 81% with DCC-2618 as second- and third-line GIST therapy, and 66% in fourth-line patients, with overall response rates of 21% and 9%, respectively. The same pattern was seen with median progression-free survival, which was 42 weeks for second-line patients, 40 weeks in third-line, and 24 for the fourth-line group.
Deciphera’s approach has obvious utility in fourth-line patients, whose cancer has become resistant to earlier treatments. The company chose to pursue this indication back in 2015 as a fast, capital-efficient way to prove that the drug worked. Now, Deciphera is pitting ripretinib against Sutent in a bid to unlock the larger commercial opportunity of treating second-line patients.

“With [ripretinib’s] phase 1 looking better than sunitinib, it has a good chance of replacing sunitinib as the standard of care,” Morl said.
But if ripretinib can inhibit all KIT mutations, why not go for approval as a frontline therapy? Why not replace a drug that might not work for all patients as a first treatment?
“Ripretinib inhibits all the same mutations as imatinib,” Morl said. “The issue in a frontline setting is that imatinib is a generic and the fact that some patients do quite well. It would require a powerful health economics argument and would be too challenging at this stage for a small biotech company to contemplate that.”
“Having said that, there are some patients on imatinib that don’t do well—the exon 9 mutation patients who make up only a small fraction. There may be opportunities for earlier use of ‘2618, but frontline use is going to require a health economics argument,” he said.

Newly hitched ResMed and Propeller Health announce Walgreens partnership


Propeller Health
Propeller will continue as a standalone business within ResMed’s portfolio and will keep working with its Big Pharma partners and other healthcare organizations. (Propeller Health)