Search This Blog

Thursday, March 14, 2019

Companies Focus on STING Pathway to Boost Immune Response in Patients

In February, Boston-based IFM Therapeutics launched its second subsidiary, IFM Due, a company focused on developing STING antagonists, among others, to target diseases like Parkinson’s, NASH and lupus.
STING antagonists have become a hot area of exploration for many companies. The drugs target a protein called STING (stimulator of interferon genes), which plays an important role in the innate immune system, which is the body’s first line of defense against various pathogens. When STING is activated to ward off an invading pathogen, the body begins to produce inflammatory proteins called cytokines and interferons. Those inflammatory proteins then kick the innate immune system into gear, which then produces T cells to destroy the pathogens. In order to boost this immune response in patients battling a number of diseases, researchers are diving into the development of medications that will activate the STING pathway in order to boost the body’s T cell response. Because of its support of a T cell response, several companies are pairing STING programs with existing checkpoint inhibitor programs to double the chances of eliciting the desired kind of response.
When launching IFM Due, IFM Chief Executive Officer Gary Glick said going after the STING pathway, along with the cGAS pathway, enables company researchers to focus on genetically validated therapeutic targets that have been implicated in a growing number of autoinflammatory and autoimmune disorders.
Another company focused on the STING pathway is Nimbus Therapeutics. STING agonism (turning STING “on”) provokes anti-tumor responses alone, and in combination with checkpoint inhibitors, in animal models of cancer, the company said. Nimbus is developing a couple of STING agonists. In partnership with Celgene, the company is developing a STING agonist for autoimmune disorders. The company has a wholly-owned STING agonist for use in immuno-oncology. In 2017, Nimbus and Celgene forged an agreement to develop Nimbus’ small-molecule STING program.

California-based Aduro Biotech is also developing medications to stimulate the STING pathway. Aduro’s STING Pathway Activator platform is designed to activate the intracellular STING receptor, resulting in a potent tumor-specific immune response. ADU-S100 is the first therapeutic in development for Aduro that specifically targets STING. In collaboration with Novartis, it is being tested in a Phase I clinical trial as a single agent and in combination with ipilimumab, and in a Phase Ib trial with spartalizumab (PDR001), an investigational anti-PD-1 compound. These studies are enrolling patients with cutaneously accessible, advanced/metastatic solid tumors or lymphomas. In preclinical models, ADU-S100 was shown to directly activate STING to further amplify the natural anti-tumor response, the company said. Once activated, the STING receptor then initiated a “profound innate immune response through multiple pathways,” which then induced the expression of a broad profile of cytokines, including interferons and chemokines, the company said. This subsequently led to the development of a systemic tumor antigen-specific T cell adaptive immune response.
Pharma giant Merck is also taking a stab at STING. In the fall of 2018, the company announced preliminary data from a Phase I clinical trial evaluating MK-1454, an investigational STING agonist. MK-1454 is being investigated as both a monotherapy and in combination with Merck’s vaunted checkpoint inhibitor Keytruda, an anti-PD-1 therapy, in patients with advanced solid tumors or lymphomas. Preliminary data announced in October showed that patients who received both MK-1454 and Keytruda showed robust anti-tumor responses. At the time of analysis, all of the partial responses were ongoing and had lasted six months or longer. None of the responders had previously received a PD-1/PD-L1 inhibitor therapy. The disease control rates were 20 percent and 48 percent for the monotherapy and combination arms, respectively, Merck said at the time.
In January, another company entered the STING space. Washington-based Mavupharmaselected its first immuno-oncology clinical development candidate, MAVU-104, a novel innate immune modulator. MAVU-104 is a first-in-class, orally active, small molecule inhibitor of ENPP1, a phosphodiesterase that negatively regulates the STING pathway. Inhibiting ENPP1 activity with MAVU-104 allows for highly-controlled enhancement of STING signaling in all tumors and lymph nodes without any injections, the company said in January. Mike Gallatin, Mavu’s president and co-founder said focusing on blocking a key negative regulator of the STING pathway, as opposed to directly stimulating STING itself, the “degree and duration of innate immune activation are tunable, which avoids both overstimulation of the pathway and high levels of cytokine release.” Mavu plans to file an investigative new drug application with the U.S. Food and Drug Administration in the second half of this year.

Cowen Conference Spotlight: Amgen, Bristol-Myers Squibb and Amarin

On day two of Cowen and Company’s 39th Annual Health Care Conference, more companies shared insight into pipeline development. BioSpace rounded up a few of the stories.
Amgen – During a conversation with investors, David Meline, chief financial officer at Amgen, pointed to the company’s biosimilar pipeline as a potential multi-billion driver for the company. Over the past several years, Amgen has had 10 biosimilars in development, six of which are now in advanced Phase III studies or have been submitted for regulatory approval. The company has launched two biosimilars in Europe, Amgevita, a biosimilar to AbbVie’s Humira, and Kanjinti, a biosimilar to Genentech’s Herceptin. Meline said the company anticipates additional launches in the future. Earlier this year, Amgen also reported positive results from a Phase I/Phase III trial for a biosimilar to Biogen’s Rituxan.
Meline also highlighted some of the strengths of the company’s pipeline. He pointed to Omecamtiv Mecarbil, a Phase III product for heart failure and asthma treatment Tezepelumab, which is also in Phase III development. Meline also pointed to the recent approval of Evenity in Japan. The drug was approved for the treatment of osteoporosis in patients at high risk of fracture. The company is also eying potential approval in the U.S. An advisory committee with the U.S. Food and Drug Administration gave an 18 to 1 favorable vote for the medication. Meline also pointed to the company’s BiTE molecules in development, including AMG 420 or BCMA BiTE for multiple myeloma.
Meline said the company is “positioned very nicely for long-term growth.”

Bristol-Myers Squibb –As Bristol-Myers Squibb continues to move forward with its acquisition of Celgene, BMS CEO Giovanni Caforio and other executives fielded numerous questions about the deal. During a Q&A, Cowen’s Stephen Scala said the company is consistently asked two questions about the merits of the acquisition and whether or not a series of smaller acquisitions would not have been better for BMS than the $74 billion deal for Celgene. Scala said it’s important to give some thought to Caforio’s argument that acquiring Celgene will be transformative for the company and was done so from a position of strength.
Caforio said the deal for Celgene, struck in January, “is the right option and the best option for Bristol-Myers Squibb.” Caforio said the deal creates a strong company that is well-positioned for long-term and sustainable growth. He said he is clear about the strategic rationale for the deal and his board of directors understands their fiduciary duties.
BMS executives were also clear that they performed their due diligence when it comes to the intellectual property of Celgene, particularly as it relates to that company’s top-selling drug Revlimid. Revlimid brought in nearly $10 billion last year for Celgene, but it will be facing patent challenges in the next several years, which will cause it to lose revenue-driving steam.
A shareholder vote that will finalize the acquisition is set for next month, April 12.
Amarin Corporation – John Thero, president and CEO of Amarin Corporation said things seem to be getting more dire in the cardiovascular space as it relates to public health burdens. In November, Ireland-based Amarin released data that showed its fish-oil-based drug Vascepa reduced the relative risk reduction of adverse cardiovascular events by 25 percent, including a 20 percent reduction in cardiovascular death. Trial data showed that patients receiving Vascepa in addition to statin therapy saw a risk reduction of 31 percent to experiencing a heart attack, a 28 percent risk reduction for stroke, and a 20 percent risk reduction in CV-related death.
Vascepa has already been approved to treat patients with triglyceride levels higher than 500 milligrams per deciliter, triple normal levels. Results from the REDUCE-IT study will be used as an attempt to expand the labeling indication for the drug, Thero said.
“We are on track for soon submitting a sNDA to the FDA seeking a label expansion from our current triglyceride lowering indication to one for a prevention of cardiovascular events beyond cholesterol management,” Thero said.

Genfit Announces Launch of Proposed Global Offering and Nasdaq Listing

GENFIT S.A. (Euronext Paris: GNFT – ISIN: FR0004163111) (“Genfit” or the “Company“), a French biopharmaceutical company focused on discovering and developing drug candidates and diagnostic solutions targeting liver diseases, in particular those of metabolic origin, today announced its intention to issue and sell, subject to market and other conditions, 5,000,000 of its ordinary shares in a global offering to specified categories of investors, comprised of an initial public offering of American Depositary Shares (“ADSs“), each representing one ordinary share, in the United States (the “U.S. Offering“), and a concurrent private placement of ordinary shares in Europe (including France) and other countries outside of the United States (the “European Private Placement,” and together with the U.S. Offering, the “Global Offering“).
GENFIT intends to grant the underwriters for the offering (the “Underwriters“) a 30-day option to purchase additional ADSs and/or ordinary shares in an aggregate amount of up to 15% of the total number of ADSs and ordinary shares proposed to be sold in the Global Offering.
All securities to be sold in the Global Offering will be offered by GENFIT. GENFIT’s ordinary shares are listed on Euronext Paris under the symbol “GNFT”. GENFIT has applied to list the ADSs to be sold in the U.S. Offering on the Nasdaq Global Market under the ticker symbol “GNFT”.
SVB Leerink and Barclays are acting as joint global coordinators for the Global Offering and joint bookrunners for the U.S. Offering. Roth Capital Partners and H.C. Wainwright & Co. are acting as co-managers of the U.S. Offering.  Bryan, Garnier & Co. Limited and Natixis are acting as joint bookrunners with respect to the European Private Placement.
The offering price per ADS in U.S. dollars and the corresponding offering price per ordinary share in euros, as well as the final number of ADSs and/or ordinary shares sold in the Global Offering, will be determined following a bookbuilding process commencing immediately. The offering price per ADS and per ordinary share will be at least equal to the volume-weighted average price of the Company’s ordinary shares on Euronext Paris during a window of five to 30 consecutive trading days (as decided by the Company) within the 30 trading days preceding the date on which the final offering price is determined, reduced by a maximum discount of 15%.
On an indicative basis, the completion of the Global Offering, assuming the issuance of 5,000,000 ordinary shares (including in the form of ADSs), would result in a dilution of approximately 14% of the Company’s outstanding share capital on a non-diluted basis, and approximately 16% of the Company’s outstanding share capital on a non-diluted basis in the event that the Underwriters exercise in full their option to purchase additional ADSs and/or ordinary shares.

Bayer reports Phase 3 trial of nifurtimox meets primary endpoint

Bayer presented results from the CHICO part of the phase 3 clinical study of investigational nifurtimox in pediatric patients with Chagas disease at the “XV Taller sobre la enfermedad de Chagas” conference in Barcelona, Spain. The study met its primary endpoint, which was the serological response at one year after end of treatment, by demonstrating superiority of the 60-day nifurtimox treatment compared with historical placebo control. Safety and efficacy were evaluated throughout the clinical trial. CHICO was the first part of a prospective, randomized, double-blind, historically placebo controlled phase 3 trial to evaluate the efficacy, safety, and pharmacokinetics of nifurtimox in 330 pediatric patients with acute or chronic Chagas disease. The study was conducted at 25 investigational sites in Argentina, Bolivia and Colombia between 2016 and 2018.
https://thefly.com/landingPageNews.php?id=2879409

Judge assessing CVS merger with Aetna orders hearing

Judge Richard Leon, who has been asked to sign off on a government agreement that allows CVS Health Corp to buy health insurer Aetna, has ordered a hearing for April 5 on the matter.
The hearing was issued in a minute order.
The transaction closed in November.

Bristol dodges bullet as Celgene prevails in Revlimid patent review

Celgene just won another crucial patent skirmish in its ongoing fight to keep its blockbuster revenue pumping in from Revlimid — a key feature in the shaky $74 billion buyout deal that Bristol-Myers Squibb has been defending in a series of appearances over the last few days.
The Patent Trial and Appeal Board has denied a petition from Alvogen for an inter partes review of the Revlimid patents. That move comes a month after Dr. Reddy’s was also stiff armed.

Alvogen has begun rolling out a generic version of Revlimid in certain small European markets in recent weeks, raising fresh questions about the durability of the franchise, which produced $9.7 billion of Celgene’s $15.2 billion in sales revenue last year — a whopping 64% of its total revenue.
Critics have noted that Bristol-Myers is buying into one of the great patent cliffs in all of biopharma and an IPR process right now would have raised serious concerns about accelerating the loss of patent protection. As it stands, analysts expect to see Revlimid to start facing off against cheaper generics in 2022, when Natco has a deal to begin limited marketing that steadily ramps up to a full scale campaign.
In the meantime, Bristol-Myers is betting that it can gain approvals on 6 late-stage drugs in Celgene’s pipeline — including ozanimod, JCAR017 and bb2121. But the tightrope walk is raising qualms that one misstep could cost the company dearly, with several observers wondering if an accident-prone Celgene team is setting up Bristol-Myers for a setback.
“When we got into more broader diligence, the first thing we looked at again was Revlimid IP, because a certainty of those cash flows were fundamental to our calculus in all of this,” said Bristol-Myers CFO Charles Bancroft in a Q&A with Barclays’ Geoff Meacham yesterday. Through it all, he maintained, Bristol-Myers took a more conservative approach than anyone to what Revlimid will being in.
Bristol-Myers executive team, led by CEO Giovanni Caforio, have been rattled by some outspoken opposition to the deal. After its largest investor turned against the buyout, they’ve been making their case for the M&A deal. But new questions have arisen related to the ozanimod patent that Celgene holds.
Today, the cards fells in Bristol-Myers’ favor. Its shares are down 2.2% in mid-morning trading.

Fluidigm Corporation 2018 Q4 – Results – Earnings Call Slides

The following slide deck was published by Fluidigm Corporation in conjunction with their 2018 Q4 earnings call.