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Wednesday, April 3, 2019

Boots warns of possible store closures

The US owner of pharmacy chain Boots has warned of possible store closures in the UK as it tries to cut costs.
Walgreens Boots Alliance said it would take “decisive steps” to reduce costs as part of a company-wide “significant restructuring”.
The move comes after the chain said it had suffered its “most difficult quarter” since the firm’s formation with UK like-for-like sales down 2.3%.
The chain has 2,500 stores across the UK, employing around 60,000 staff.
Chief executive Stefano Pessina said market challenges had “accelerated” in the three months to the end of February, but that it had failed to respond rapidly enough “resulting in a disappointing quarter”.
“We are going to be more aggressive in our response to these rapidly shifting trends,” he added.
Actions announced include “optimising its store footprint” and increasing its planned annual cost savings from $1bn to $1.5bn.
The cost cuts follows Boots’ announcement in February that 350 jobs were at risk in its Nottingham head office amid plans to reduce costs by 20%.
Overall earnings for the firm’s second quarter were down 14.3% compared to the same period last year. The company said it was now expecting profit to be flat for the full year, down from its earlier guidance of 7% to 12% growth.

Tuesday, April 2, 2019

Does improved safety boost Allergan’s case for wet AMD challenge to Lucentis?

Allergan has chalked up some flattering safety data for abicipar as it refines the eye drug’s manufacturing processes in preparation of an impending BLA filing. But whether or how much that matters is still up for debate.
In an open-label, single-arm study, investigators reported that the incidence of intraocular inflammation was 8.9% — lower than the rate observed in prior Phase III studies, which hovered around 15%. The MAPLE trial recruited 123 age-related neovascular macular degeneration (or wet AMD) patients and administered the injection five times over 28 weeks.

“The results of this open-label study enabled us to assess improvements to the manufacturing process for abicipar. The safety profile demonstrated in MAPLE gives us confidence to proceed and scale up manufacturing,” said David Nicholson, chief research and development officer. “We plan to submit the abicipar BLA and continue to pursue manufacturing process improvements as we develop larger scale studies in additional disease states, such as diabetic macular edema.”
Any little improvement could be crucial as Allergan and its allies at Molecular Partners go up against the entrenched market leaders, Regeneron’s Eylea and Novartis’ Lucentis, both approved for multiple indications other than wet AMD, which is far less common but much more severe than dry AMD. And the two giants are each advancing follow-on efforts of their own.
The new inflammation rates, though, might still do little to change investors’ skeptical views on the commercial prospect, said Umer Raffat of Evercore ISI.
Raffat notes that severe inflammation registered at 1.6% in the MAPLE trial, compared to 3.2% to 3.7% observed in previous Phase III studies.
AGN feels strongly that it’s really just the severe inflammation that matters … and that it’s now at a well controlled rate (<2%) … and that mild inflammation is asymptomatic.
If we agree with AGN’s logic, there is an impt piece of data that hasn’t been disclosed about MAPLE: the rate of moderate inflammation. (we know mild+mod+severe = 8.9% … and severe is 1.6% … but what is moderate? if we go by Ph 3 results, moderate could be half of this 8.9% … but unclear if that actually happened in MAPLE also).
To put it bluntly: “It will be a ‘show-me’ story at launch.”
Analysts for SVB Leerink was even more doubtful, noting:
Reported incidence of intraocular inflammation (IOI) was 8.9% in the MAPLE study, which was lower than prior Phase 3 studies (>15% after 1 year of treatment), but still significantly higher than the rate observed in Novartis’ (NVS, NR) Lucentis and Regeneron’s (REGN, OP) Eylea, which we think would limit its success to be a real player in the space.
Investors seem to be sitting this one out for now. Allergan $AGN shares are slightly in the red this morning, dipping 0.33%, or $0.5, pre-market.
The duo has previously touted Phase III data suggesting abicipar is non-inferior to Lucentis on both tested schedules, though the incidence of intraocular inflammation remained a sore point given that less than 1% of the patients on the rival drug experienced it.
Where Allergan is hoping to stand out is the dosing regimen, a fixed 12-week regimen that could “greatly reduce the treatment burden” according to Cleveland Clinic Cole Eye Institute’s Peter Kaiser. That’s thanks to Molecular Partners’ DARPin technology, which it says has higher stability and potency than monoclonal antibodies.
A BLA is still slated for the next two months, Allergan and Molecular Partners say, as previously reported.

Doctors Curing Over 70 Different Diseases With Treatment From the 1950s

Bone marrow transplants are both incredibly risky as well as expensive procedures. Nonetheless, they are still effective and have been used by doctors since the 1950s, with many successful procedures completed over the years.
However, because of their inherent risk, bone marrow transplantation is typically only ever used as a last resort after every other possible treatment has been tried and failed.
The Treatment and How It Works
Bone marrow itself is the spongy tissue that lies at the center of bones and it contains special stem cells that are responsible for producing millions of blood cells every day. In order to do a bone marrow transplant, the patient’s current bone marrow needs to be destroyed in order to pave the way for the donor cells. This is accomplished through intensive chemotherapy or radiotherapy that wipes out the bone marrow while also suppressing the patient’s immune system so that it doesn’t attack the new bone marrow after transplantation.
A donor is also required for a bone marrow transplantation. Some patients may be able to use their own bone marrow by saving some in advance, but more often than not, they need to have a donor give their bone marrow stem cells to them. The donor doesn’t have to be related to the patient, but this is pretty common.
Once the patient’s bone marrow has been completely removed and their immune system has been suppressed, the actual transplantation can begin.
The actual transplantation itself is a pretty simple, and painless, process. The bone marrow stem cells are infused into the patient through their central line, through which they eventually find their way into the patient’s bones, where they begin creating new blood cells.
There are a number of potential side effects and complications that can arise from the bone marrow transplantation process, which makes it inherently risky. These can include anemia, fluid overload, respiratory disease, graft-versus-host disease, organ damage, and a myriad of different infections.
Despite the potential dangers and uncertainty involved with bone marrow transplantation, many patients find that is their only hope to live a healthier life and opt to try it.

What Bone Marrow Transplantation Can Cure
The number of different diseases that a bone marrow transplant is capable of treating is staggering. More than 70 diseases have been successfully treated by bone marrow transplantation so far. This includes Hodgkin’s lymphoma, severe aplastic anemia, sickle cell disease, testicular cancer, severe combined immunodeficiency, acute myeloid leukemia, and many more. People who suffer from any of these debilitating diseases could potentially find relief through a bone marrow transplant.
Along with treating a myriad of diseases, bone marrow transplants are also done for those who have had their bone marrow destroyed by intensive cancer treatments. Knowing that a patient can receive a bone marrow transplantation allows doctors the ability to give them higher doses of chemotherapy or radiation to treat their cancer, giving the patient a better outcome overall. This means bone marrow transplants indirectly aid with curing cancer as well.
The Future of Bone Marrow Transplants
While we already know that bone marrow transplants are capable of treating or helping with the treatment of, over 70 different diseases, researchers are always looking into other illnesses that it could be used as a treatment for.
Most recently, bone marrow transplantation has been used to treat human immunodeficiency virus (HIV) successfully twice now. In both of these cases, the patients were undergoing bone marrow transplantation for something completely unrelated to their HIV but then discovered that it ended up curing them of HIV as well.
While this is promising news for the future of HIV treatments, the researchers who studied one of the patients are leery of calling it a cure just yet and a lot more research needs to be done before it becomes a viable treatment for those suffering from HIV. But if future studies show that it does, in fact, cure HIV, then it could offer the millions of people infected with HIV a way to finally be cured of this crippling virus.

Hormone Key to Treating Alzheimer’s and Other Diseases of Aging?

Since Biogen and Tokyo-based Eisai recently reported a massive failure in Alzheimer’s research for their drug aducanumab, scientists and industry watchers are scanning the tea leaves looking for other potential approaches to treating the disease. One that is of interest is a hormonecalled Klotho.
Dena Dubal, an assistant professor of neurology at the University of California, San Francisco (UCSF), has been studying Klotho since 2011. Findings include that mice engineered to produce additional Klotho live 30 percent longer than “normal” mice. But the hormone is also found in the brain, so Dubal originally began work to see how Klotho effected the mice’s ability to learn and remember.
One of the surprise findings was the hormone seemed to protect mice from the cognitive decline associated with Alzheimer’s disease. That original study was published in The Journal of Neuroscience in 2015. Dubal told The New York Times, “Their thinking, in every way that we could measure them, was preserved.”
And it wasn’t just a protective function, it seemed to improve cognitive function. Dubal told The New York Times, “I just couldn’t believe it—was it true, or was it just a false positive? But here it is. It enhances cognition even in a young mouse. It makes them smarter.”

Other researchers believe Klotho may protect against other central nervous system diseases, including multiple sclerosis (MS) and Parkinson’s disease.
Although interesting, like much else in the field, there are no guarantees. Gwendalyn D. King, a neuroscientist at the University of Alabama at Birmingham, told The New York Times, “You’ve got all of this amazing stuff showing a really major impact, but we can’t really explain why. That’s where we’re stuck.”
Klotho, of course, isn’t the only area going on that looks promising—but may not be. 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, is involved in researchinto a compound called 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.
The theory here is that it’s not the accumulation of beta-amyloid in the brain that does the most damage in Alzheimer’s, it’s the resultant inflammation and immune reaction to it that causes the damage that results in cognitive decline. And by bolstering cellular energy via the mitochondria in the brain’s immune cells, microglial cells, they more effectively fight off the damage and inflammation.
In an interview with BioSpace earlier this year, Tanzi said, “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.”
And just this week, researchers with the Boston University School of Medicine discoveredtwo rare genes associated with Alzheimer’s disease. One variant is in the NOTCH3 gene and the other is in the TREMN2 gene. The NOTCH3 variant hasn’t been linked to Alzheimer’s before, although mutations in the gene cause a rare type of dementia called CADASIL. Mutations in the TREM2 gene have been linked with Alzheimer’s, and it was also known that people with two copies of the Q33X mutations in the TREM2 gene have a very rare disease called Nasu-Hakola disease, characterized by dementia in midlife and polycystic bone lesions with fractures.
“Our findings indicate that different mutations in the same gene or different number of copies of a particular mutation may lead to very distinct forms of dementia,” stated Lindsay Farrer, chief of the Biomedical Genetics division at Boston University School of Medicine and corresponding author of the study. “Discovery of associations of Alzheimer’s risk with rare genetic variants can lead to new insights about biological pathways involved in AD and strategies for developing novel treatments and biomarkers.”
Which goes back to the hormone Klotho. There are people who have a genetic variation that leads to higher levels of Klotho. Dubal and her team found they scored better on cognitive tests and stayed that way as they aged. “It’s not like they didn’t undergo cognitive decline,” Dubal told The New York Times. “It’s just that they started off higher.”

Further, Dubal and her colleagues looked at a known Alzheimer’s genetic variant, APOE e4. People with this mutation are more susceptible to developing Alzheimer’s disease, although they don’t always do so. Dubal found that these people had indications they were building beta-amyloid clumps in their brains. But when they evaluated people with both APOE e4 and increased Klotho, there were no additional clumps of protein.
“Maybe,” Dubal says, “their brains are biologically younger.”
They published their research in the journal Neurology.
Will any of these lead to preventions or cure for Alzheimer’s? Or in the case of Klotho, lead to people taking the hormone to improve their brain power?
It’s still early. But each discovery—and clinical trial failure—leads a step closer to solutions.

Novartis: Sandoz resubmits biosimilar pegfilgrastim application to FDA

  • Sandoz pursues US approval for biosimilar pegfilgrastim, a long-acting version of supportive oncology medicine filgrastim
  • Pegfilgrastim is used to reduce the incidence of neutropenia, one of the most serious side effects of chemotherapy, hospitalizing 60,000 US cancer patients each year1
  • Sandoz is committed to fostering biosimilar competition, to offer high-quality, cost-effective medicines and contribute to a more sustainable healthcare system
Sandoz, a Novartis division and a global leader in biosimilars, today announced resubmission of its Biologics License Application (BLA) for a proposed biosimilar pegfilgrastim to the US Food and Drug Administration (FDA) to address an FDA complete response letter received in June 2016.
Pegfilgrastim is a long-acting version of filgrastim and may be prescribed to appropriate cancer patients undergoing chemotherapy to enhance the production of infection-fighting white blood cells2.
Studies have shown that, each year in the US, 4,000 cancer patients die of febrile neutropenia and 60,000 are hospitalized due to neutropenia1. Biosimilars help create the potential to save the US healthcare system up to USD 54 billion over 10 years3. Access to more treatment options for neutropenia is urgently needed, as cancer-related neutropenia hospitalizations can amount to as much as USD 2.3 billion in costs per year4.
“For the tens of thousands of US cancer patients undergoing chemotherapy, treatment options that can be individualized right from the start, such as long- and short-acting filgrastim biosimilars, are key to help manage the risk of serious complications related to infection,” said Mark Levick, MD, PhD, Global Head of Development, Biopharmaceuticals, Sandoz.
He added: “The US market is just beginning to benefit from biosimilars, as shown by the success of our filgrastim, the first approved biosimilar in the US. The submission of our pegfilgrastim biosimilar application is another step for us as we continue to lead the way in creating early and expanded patient access to life-changing biologics.”
Sandoz biosimilar pegfilgrastim is designed to match the reference medicine. Sandoz is pursuing approval of biosimilar pegfilgrastim to decrease the incidence of infection, as manifested by febrile neutropenia (low white blood cell count with a fever), in patients with non-myeloid malignancies receiving myelosuppressive anti-cancer drugs associated with a clinically significant incidence of febrile neutropenia.
The resubmission includes new data from a pivotal pharmacokinetics (PK) and pharmacodynamics (PD) study. This was a single-dose, three-period cross-over study comparing Sandoz pegfilgrastim with US-sourced reference pegfilgrastim; Sandoz pegfilgrastim with EU-sourced reference pegfilgrastim; and US with EU-sourced reference pegfilgrastim.

Roche extends Spark offer after getting only 29%

Roche Holding has extended until May 2 its $4.3 billion offer for U.S. gene therapy specialist Spark Therapeutics, the Swiss drugmaker said after getting only 29.4 percent of Spark’s shares in a tender originally due to end on Wednesday.

Roche needs to get at least a majority of outstanding Spark stock for the offer to go through.
“All terms and conditions of the offer shall remain unchanged during the extended period,” Roche said in a statement on the $114.50 per share offer it announced in February.
Spark shares closed at $114.01 on Tuesday.
Roche offered more than twice the Philadelphia-based company’s closing price on Feb. 22 for a portfolio that includes a blindness treatment that has U.S. and European approval and other projects for haemophilia and neurodegenerative disorders like Huntington’s disease.
The offer comes as rivals, including Novartis, also move aggressively into gene therapy, where treatments for rare, inherited diseases command some of the highest prices in medicine. Spark’s blindness therapy Luxturna is priced at $850,000 per patient.

Kura Oncology presents new findings on tipifarnib at AACR

Kura Oncology reported new findings regarding the mechanism of action of the company’s lead drug candidate tipifarnib and its potential clinical applications. These findings are being presented at the American Association for Cancer Research, or AACR. Tipifarnib is a potent and selective farnesyl transferase inhibitor currently in a registration-directed clinical trial in patients with head and neck squamous cell carcinoma, or HNSCC, that carry mutations in HRAS, an exclusively farnesylated oncogene. Tipifarnib has also been shown to downregulate production of the chemokine CXCL12 in tumor models and cancer patients. New findings suggest that gene expression of the exclusively farnesylated proteins RHOE, or RND3, and PRICKLE2 is associated with CXCL12 expression in bone marrow stroma, which may provide a mechanistic rationale for why the CXCL12 pathway is a therapeutic target of tipifarnib and other farnesyl transferase inhibitors. In addition, an analysis of a subset of patients from a previously conducted Phase 2 trial of tipifarnib in patients with relapsed and refractory lymphomas identified pre-treatment tumor CXCL12 expression as a potential biomarker of clinical benefit in patients with diffuse large B-cell lymphoma, or DLBCL, and mycosis fungoides, the most common form of cutaneous T-cell lymphoma, or CTCL. This observation is consistent with similar findings from Kura in other indications such as peripheral T-cell lymphoma, acute myeloid leukemia and pancreatic cancer. CXCL12 and its receptors, CXCR4 and CXCR7, have been implicated in cancer progression and poor prognosis across a large spectrum of solid tumor and hematologic indications.