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Thursday, March 7, 2019

Trebek’s Pancreatic Cancer Diagnoses Focuses on Tough-to-Treat Disease

Alex Trebek, 78, host of TV game show “Jeopardy” announced yesterday that he had been diagnosed with stage 4 pancreatic cancer. In the video posted to the show’s YouTube channel, Trebek said, “Now, normally, the prognosis for this is not very encouraging, but I’m going to fight this. And I’m going to keep working and with the love and support of my family and friends—and with the help of your prayers also—I plan to beat the low survival rate statistics for this disease.”
In late August 2018, famed singer Aretha Franklin died from a neuroendocrine tumor of the pancreas, which brought attention to the disease as well. Apple founder Steve Jobs also died from neuroendocrine tumors of the pancreas, which are the rare type of pancreatic cancer.
Like cancer in general, pancreatic cancer is not a single disease. According to the National Cancer Institute (NCI), about 55,440 cases of pancreatic cancer are diagnosed annually, representing about 3.2 percent of new cancer cases. Annually, 44,330 Americans die from the disease, which is about 7.3 percent off new cancer deaths. It is currently the third-leading cause of cancer death in the U.S. But it’s also a deadly cancer, with only 8.5 percent surviving for five years.
But the specific type of cancer diagnosed, which Trebek has not specified, makes a significant difference in prognosis. Anirban Maitra, scientific director of the Sheikh Ahmed Pancreatic Cancer Research Center at the University of Texas MD Anderson Cancer Center, told Forbes in August, “The first thing to do if somebody gets a diagnosis of pancreatic cancer is to know what they are dealing with. Because everything they deal with will change dramatically based on that.”
Novartis drug, Afinitor, has been shown to help patients whose neuroendocrine tumors have spread outside the pancreas. The more common type of pancreatic cancer is adenocarcinoma, which has an even worse prognosis. This is the type of pancreatic cancer that caused the deaths of Dirty Dancing actor Patrick Swayze and opera singer Luciano Pavarotti.
For these types of cancers, there are typically two chemotherapy regimens, one a combination of Gemzar and Abraxane, and the other a mixture of drugs called FOLFIRINOX. In the average patient they extend survival from about four months to nine months.

Surgical removal of the tumor when it’s small gives the best odds of survival. The problem is that pancreatic cancer is typically diagnosed rather late based on symptoms that include abdominal pain, jaundice, and weight loss. By that time, the cancer has often spread and surgery is not an option. Diagnosis is performed using a CT scan or an invasive procedure like a needle biopsy and invasive ultrasound.
Nicole Fawcett, writing for the University of Michigan Health Lab Blog, says, “It grows in an unusual pattern in which tentacles extend into the nerves and blood vessels. This creates challenges for surgeons and radiation oncologists who must work around these critical structures. It’s one reason only 20 percent of patients can have surgery.”
There are currently about 1,000 ongoing clinical trials for pancreatic cancer. Some pancreatic cancer news of note include:
In February, AstraZeneca and its research partner Merck & Co. announced positive data from their Phase III POLO trial of Lynparza in pancreatic cancer. The companies said that the trial showed a statistically significant and clinically meaningful improvement in progression-free survival (PFS) as first-line maintenance therapy alone in patients with germline BRCA-mutated (gBRCAm) metastatic adenocarcinoma of the pancreas in patients who haven’t responded to platinum-based chemotherapy. The trial compared Lynparza (olaparib) to placebo.
Also in February, Researchers at Zhenjiang University in China published research in the Journal of Oral Microbiology describing how differences in bacteria living on the tongue may be able to diagnose early-stage pancreatic cancer.
“If an association between the discriminatory bacteria and pancreatic cancer is confirmed in larger studies, this could potentially lead to the development of new microbiome-based early diagnostic or preventive tools for the disease,” stated lead author Lanjuan Li.
In September 2018, the FDA granted FibroGen Fast Track designation for pamrevlumab, an anti-CTGF antibody for the treatment of idiopathic pulmonary fibrosis (IPF). The company also expects Phase III trials in IPF and pancreatic cancer to start in 2019.
One biotech startup, Nivien Therapeutics, which spun out of Harvard University research, is working on an approach to treating the disease based on a biochemical system called Hippo. Hippo controls a group of proteins, including CDA and ABCG2, that are involved in cancer metabolism and removal of chemotherapy agents inside the cell.
Another biotech company, which came out of stealth mode in June 2017, is Vivace Therapeuticswhich is also working on the Hippo-YAP signaling pathways. It is working on novel therapeutic antibodies called BINSpecific antibodies, that bind in an almost irreversible and cell-type specific manner to target cells.
And Halozyme Therapeutics is working on developing PEGPH20, which breaks through the stroma to allow chemotherapy into the tumor. The technology the company uses is ENHANZE drug-delivery, based on a patented recombinant human hyaluronidase enzyme (rHuPH20). The gist of the technology is that it allows cancer drugs better access to cancers that tend to have structures that prevent chemical access.

Atara Biotherapeutics’ Cancer Drug Might Have Applications for MS

Bay Area company Atara Biotherapeutics is focused on immuno-oncology. Its experimental compound tabelecleucel (tab-cel) is being investigated in two cancers, Epstein-Barr virus (EBV) associated post-transplant lymphoproliferative disorder (EBV+PTLD) and nasopharyngeal carcinoma (NPC). Those two programs are in Phase III and Phase II, respectively.
Atara is also investigating other EBV-related cancers, which are at an early stage, as well as evaluating the drug and others in early-stage trials for progressive multiple sclerosis (MS). Although the immuno-oncology efforts are the primary focus, it is the MS applications that could be transformational.
Atara was founded in 2012 and named after Atara Ciechanover, who has since died from cancer. The company’s technology came out of work at Memorial Sloan Kettering and Australia’s QIMR Berghofer Medical Research Institute. It is working on off-the-shelf, allogeneic T-cells bioengineered from donors who have healthy immune function. Current immuno-oncology treatments typically are uniquely engineered for each patient, which is both expensive and time-consuming.
The company’s Tab-cell is in Phase III for EBV+PTLD after an allogeneic hematopoietic cell transplant or solid organ transplant who have failed rituximab, and a Phase I/II trial in combination with Merck’s Keytruda in patients with platinum-resistant or recurrent EBV associated NPC. It is also being evaluated in eligible patients with EBV associated hematologic and solid tumors via an ongoing multicenter expanded access protocol (EAP) clinical study.
This year could be the big year for the company. Its chief executive officer and president, Isaac Ciechanover, is leaving the company by June 30, but says 2019 could be transformative. Results of the PTLD trials may lead to a New Drug Application (NDA) submission with the U.S. Food and Drug Administration (FDA). It also has CAR-T programs in the works for blood cancers.
But one area that has industry-watchers intrigued is the potential for MS treatment. The company’s tab-cell may be effective in controlling EBV that is involved in the progression of MS.

About 2.3 million people worldwide have MS, which is treated with various drugs used to control flareups. Proteins associated with EBV increase during flareups and when the body’s T-cells are exhausted. The idea is that tab-cell might boost the T-cells and help control the disease.
The San Francisco Business Times writes, “There are skeptics. After all, the link between MS and Epstein-Barr isn’t fully defined. Researchers believe an immune system defect in controlling the virus allows B cells—a type of white blood cell—and plasma cells to accumulate in the central nervous system.”
Dietmar Berger, Atara’s global head of research and development, told the Times, “There’s clearly a difference in the pattern of (Epstein-Barr) expression in the brain. In patients with MS, you see a broader EBV infection and more EBV proteins in the active cycle of the virus.”
The company expects data from its Phase I study of ATA-188, an off-the-shelf therapy in the first half of this year. And another compound, ATA-190, an autologous therapy created from an MS patient’s own cells that are re-engineered and infused back into the patient, is expected to begin a Phase II trial in the second half of this year. The Phase I trial of ATA-190 is supported by Atara and supervised by Michael Pender at the University of Queensland in Australia and Rajiv Khanna of the QIMR. In seven patients, that Phase I trial showed improvement in symptoms as well as neurological improvement.
At the company’s fourth-quarter and full-year 2018 financial report on February 26, Ciechanover stated, “2018 was a year of pipeline expansion and strong operational execution for Atara as we advanced our T-cell immunotherapy programs across all three of our major value drivers: tab-cel, multiple sclerosis and next-generation CAR-T…. I anticipate 2019 to be another pivotal year with multiple clinical and regulatory milestones, moving Atara closer to realizing our mission of transforming the lives of patients with serious medical conditions.”

Allergan investors, rooting for a breakup, cheer rapastinel’s phase 3 flop

A major Allergan pipeline candidate may have failed phase 3 on Wednesday, but investors cheered the news. The reason? They’re anticipating a split.
As the Dublin drugmaker’s shareholders told Leerink Partners analyst Marc Goodman ahead of the trial results—which saw depression prospect rapastinel flunk three phase 3 studies—if rapastinel came up short, “there could be (and should be) increased pressure on management and/or the Board to implement some type of change.”
Enthusiasm for that change is likely what drove Allergan shares higher Thursday after an initial Wednesday dip. “We wouldn’t be surprised to see the stock higher over the next week in anticipation,” Goodman wrote to clients.

Just what kind of change are investors after? One that unlocks “the value of the aesthetics business amidst the pharma business (which has had a few years of underperformance: on the patent side on base biz and on pipeline productivity),” Evercore ISI analyst Umer Raffat wrote in his own investor note. In other words, the kind of breakup RBC Capital Markets analyst Randall Stanicky has been advocating since 2017.
“This will now likely revert focus back to the strategic pathway that AGN is currently on which we do not think is working,” Stanicky predicted.
Allergan initially resisted the break-up idea in favor of cost-cutting measures, but when those didn’t boost shares, it consented to explore sales of its women’s health and infectious disease units. The thing is, in the wake of an FDA rejection for Esmya, it couldn’t find anyone to take women’s health, and it ultimately called off the sale process.

Meanwhile, some investors have gotten tired of waiting around for change. Activist Appaloosa has been lobbying a split of the CEO and Chairman’s roles—both currently held by Brent Saunders—since last year, and recently John Chevedden joined in the chorus.
Now that rapastinel isn’t going anywhere, “we expect greater focus on strategic actions with activist push likely to continue to heighten” before the company’s May 1 shareholder meeting, Stanicky wrote.

Joint Corp. reports Q4 EPS 6c, consensus 3c

Reports Q4 revenue $9.1M, consensus $8.6M. Grew system-wide comp sales1 24%.
https://thefly.com/landingPageNews.php?id=2876195

Ligand price target lowered to $180 from $195 at Roth Capital

Roth Capital analyst Scott Henry lowered his price target for Ligand to $180 from $195 following its divestiture of the Promacta royalty stream. The analyst reiterates a Buy rating on the shares.

Allergan says FDA accepts sBLAs to expand BOTOX label

Allergan announced that the U.S. FDA has accepted the company’s supplemental biologics license applications to expand the BOTOX label for the treatment of pediatric patients with upper and lower limb spasticity. The pediatric upper limb spasticity indication has been designated a 6-month Priority Review with a Prescription Drug User Fee Act date expected in the second quarter of this year. The pediatric lower limb spasticity indication will undergo a standard 10-month review with a PDUFA date expected in the fourth quarter of 2019.

RA Pharmaceuticals reports Q4 EPS (47c), consensus (52c)

Reports Q4 revenue $2.5M, consensus $1.43M. As of December 31, 2018, Ra Pharma reported total cash and cash equivalents of $209.8M. The company expects that its cash and cash equivalents will be sufficient to fund operating expenses and capital expenditures through at least the first quarter of 2021.