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Tuesday, June 4, 2019

Foamix Announces Publication of Phase 3 FMX101 Acne Study

Foamix Pharmaceuticals Ltd. (FOMX), a clinical-stage pharmaceutical company that specializes in developing and commercializing proprietary topical therapies for dermatological conditions, announced today the peer review publication of the Phase 3 study FX2017-22 (“Study 22”) in the Journal of the American Academy of Dermatology(JAAD).  Study 22 was conducted by Foamix to support the New Drug Application (NDA) submission of FMX101, which is currently under review by the FDA for the treatment of inflammatory lesions of non-nodular moderate-to-severe acne vulgaris in patients nine years of age and older.
  • The study showed high statistically significant superiority of FMX101 compared with vehicle in both primary endpoints of absolute inflammatory lesion reduction and IGA treatment success at week 12.
  • FMX101 also met all secondary endpoints, showing statistically significant improvement in absolute reductions in both inflammatory lesions (papules, pustules and nodules) and non-inflammatory lesions (open and closed comedones).
  • There was a statistically significant reduction in inflammatory lesions versus vehicle as early as week 3 of treatment, and all subsequently assessed timepoints throughout the entire treatment course of the study.
  • Statistically, participants were no more likely to experience treatment-emergent adverse events (TEAEs) from FMX101 than from vehicle treatment. The majority of TEAEs were mild to moderate.
  • More than 95% of participants using FMX101 had no or mild skin tolerability scores at the treatment application site at week 12.

Soliton studies acoustic cellulite treatment

RAP technology combines selective disruption of fibrotic structures with production of new collagen in single non-invasive procedure
Soliton, Inc., (SOLY) (“Soliton” or the “Company”), a medical device company with a novel and proprietary platform technology licensed from The University of Texas on behalf of the MD Anderson Cancer Center (“MD Anderson”), today announced results of preclinical studies of the use of a new version of its acoustic pulse technology which reveal its RAP device appears to be capable of selective disruption of the fibrotic septa that contribute to the appearance of cellulite.  The new discovery, referred to as “acoustic subcision,” helps explain the recent proof-of-concept trial results showing an improvement in the appearance of cellulite following use of the Company’s RAP device.  Together with the device’s demonstrated ability to stimulate new collagen production in animal models, this represents what the Company believes is a potentially important new way to treat cellulite and improve the appearance of the skin.  The RAP device for the treatment of cellulite is investigational and not available for sale in the United States.
“While the proof-of-concept clinical trial results we have recently announced regarding the improvement in the appearance of cellulite have been very encouraging,” commented Dr. Chris Capelli, President and CEO of Soliton, “Understanding the basic science and biology behind these results is very important.  We believe the discovery we are outlining here helps explain the promising results we saw from this trial, as well as setting the foundation for a platform technology that may have potential in a number of aesthetic indications.”

Monday, June 3, 2019

AstraZeneca searches for successor to Chairman Johansson

British drugmaker AstraZeneca Plc is preparing to search for a successor to Chairman Leif Johansson, Sky News reported on Monday.
AstraZeneca’s board is in the early stages of planning for an eventual replacement for Johansson, who has chaired the company for seven years, according to the report.
There was no scheduled timetable in place yet for Johansson’s departure, Sky News reported, citing sources.

Supreme Court rejects HHS’ Medicare DSH changes

The U.S. Supreme Court on Monday ruled that HHS improperly changed its Medicare disproportionate-share hospital payments when it made billions of dollars in cuts.
In a 7-1 decision, the justices said HHS needed a notice-and-comment period for the Medicare DSH calculation change. Justice Neil Gorsuch wrote in the decision that HHS’ position for not following the procedure was “ambiguous at best.”
“Because affected members of the public received no advance warning and no chance to comment first, and because the government has not identified a lawful excuse for neglecting its statutory notice-and-comment obligations, we agree with the court of appeals that the new policy cannot stand,” Gorsuch wrote.
The case was highly technical, and hinged on dueling interpretations of agency activity on what constitutes a “substantive legal standard” in a payment policy change to Medicare.
Under the new Medicare DSH formula, the CMS began to lump Medicare Advantage enrollees in with traditional Medicare enrollees to calculate a hospital’s DSH payment.
But Medicare spending is about $700 billion per year, and the program covers nearly one-fifth of Americans. 
“Not only has the government failed to document any draconian costs associated with notice and comment, it also has neglected to acknowledge the potential countervailing benefits,” Gorsuch wrote. “Notice and comment gives affected parties fair warning of potential changes in the law and an opportunity to be heard on those changes—and it affords the agency a chance to avoid errors and make a more informed decision.”
The majority opinion also emphasized the size and scope of Medicare, noting that “even seemingly modest modifications to the program can affect the lives of millions.”
“As Medicare has grown, so has Congress’s interest in ensuring that the public has a chance to be heard before changes are made to its administration,” Gorsuch wrote.
During oral arguments in the case in January, Gorsuch and Justice Sonia Sotomayor doubled down on the economic magnitude of the change, which HHS estimated to be $3 billion to $4 billion between fiscal 2005 and 2013.
Justice Stephen Breyer dissented from the majority, and Justice Brett Kavanaugh recused himself because he participated in the U.S. Court of Appeals for the District of Columbia Circuit ruling that the Supreme Court upheld.
Breyer wrote he believed the government had the legal grounds to skip the public comment period in this policy.
“The statutory language, at minimum, permits this interpretation, and the statute’s history and the practical consequences provide further evidence that Congress had only substantive rules in mind,” he wrote. “Importantly, this interpretation of the statute, unlike the court’s, provides a familiar and readily administrable way for the agency to distinguish the actions that require notice and comment from the actions that do not.”

A bright future for CNS and Alzheimer’s?

Swiss biotech Asceneuron is developing what could be the first treatment for progressive supranuclear palsy (PSP), a rare CNS condition that can impair balance, movement, vision, and speech. We spoke to CEO and founder Dirk Beher to get his views on the remaining challenges of tackling diseases like PSP and Alzheimer’s.
Tell us about ASN120290. Why are you targeting PSP?
ASN120290 is a small molecule inhibitor of the O-GlcNAcase enzyme. In preclinical models inhibiting this enzyme can essentially prevent toxic tau tangles from forming.
We are now preparing to move the molecule into progressive supranuclear palsy (PSP). PSP is a small enough indication that we could look at efficacy with a patient population that is relatively well defined. Also, PSP is one of the very few CNS diseases which is exclusively driven by tau. At the level of pathology, it is so to speak a “cleaner” disease compared to Alzheimer’s disease.
Needless to say, PSP is terrible disease. When you talk to people who are looking after loved ones with PSP you see that it’s a very disheartening disease for them to watch.
What barriers have prevented there from being other treatments available for PSP in the past?
Historically, there haven’t been an awful lot of trials compared to a large indication such as Alzheimer’s because it’s an orphan disease. It’s also only recently that patients have become more organised, that diagnostic criteria have become fully established and that knowledge and awareness have generally increased. I think this is why PSP was neglected beforehand. Also, it’s fair to say that with the more recent interest of the industry in tau that more drugs are worth exploring in this indication.
What kind of trial results have you seen so far?
In phase 1 studies we have seen substantial drug exposure in the central nervous system, in the range that predicts target engagement required for efficacy. We are also currently wrapping up a PET tracer study for target engagement. We expect to present the results at the Alzheimer’s International Conference in Los Angeles in July.
Asceneuron is focused on tau. Many companies have been dropping Alzheimer’s drugs related to beta-amyloid build-up. Do you see that trend continuing, and do you think tau is going to be the priority for researchers over the next few years?
Yes. I’ve worked on a number of beta-amyloid programmes and I think people have been attracted to this by the strong genetics underlying beta amyloid. There is a clear link to disease, but we still have to work out what exactly it is at the end of the day.
We have seen a couple of antibodies fail in the clinic targeting soluble entities which do not remove plaques. Unfortunately, antibodies that remove plaques did not fare better either. Hence, we like to spread our bets broader these days. I think tau is certainly one of the key areas here.
One of the reasons why people are really excited about tau is because we now have a greater understanding of how it is closely linked to disease progression. Essentially, there are imaging agents (PET tracers) which specifically bind to the neurofibrillary tangles, the tau aggregates in the brains. The amount of tau tracer binding and the increase over time is closely linked to the clinical stage and progression in Alzheimer’s disease. Then you can also ask the question of where is the tau deposition happening. We now know how to look at both the quantity of tau and where it happens. It is worth pointing out that this seems to work well for Alzheimer’s disease whereas for PSP and other tauopathies it appears that novel tau tracers will need to be developed.
There are quite a few companies out there that are deprioritising CNS, and the burden of it is falling on smaller companies like yourself. Do you think it will become a priority again for bigger companies, or will it remain something that is perhaps better served by smaller companies?
I think we need the larger companies to be engaged in the CNS space given the unmet need and interdependencies. Even for smaller companies, when we do our fundraising, if it’s only us it’s very difficult to build excitement if we’re kind of the lone wolf. It’s always useful to point to bigger companies that are doing studies, that have a network and could become a future partner.
Hopefully the area will evolve similarly to immuno-oncology. As soon as someone has positive data, even with a small effect size, the pendulum might swing around again. We have seen some very big companies going out, but given the competitive nature of areas like immuno-oncology, people may want to get back to CNS when they see that there is something there.
Are there any other areas in CNS that you feel are underserved at the moment?
There are still quite a number of underserved diseases out there. Neuropsychiatric indications such as schizophrenia are one example. Overall, when you think about unmet need, CNS scores pretty high in my view.
Were there any other more general challenges of working in the area that still need addressing?
One is finding and treating the patients early enough. We need more early diagnostics criteria and tools. The challenge is that when people become symptomatic, they have already lost a large number of the functionality in the brain. Parkinson’s disease is a good example. Patients have already lost over half of their dopaminergic neurons by the time they become symptomatic.
Are you hopeful for the future of CNS and Alzheimer’s?
I’m hopeful that by diversifying, we may find therapies that show some kind of efficacy. Then the area can develop in a similar way to immuno-oncology. My hope is that we can take some of those drugs and can combine these things to really get to a meaningful treatment.
About the interviewee
Dirk Beher is the chief executive officer, a founder and a member of the Board of Directors of Asceneuron. Dirk has more than 25 years of experience in the field of Alzheimer’s disease/neurodegeneration and spent over 19 years in pharmaceutical drug discovery including senior research positions around the globe at Merck Sharp & Dohme, Amgen and Merck KGaA.

Relax criteria to increase sign-ups to cancer trials, says ASCO

Only 3% of patients with cancer in the US enrol on a clinical trial – and the American Society of Clinical Oncology (ASCO) is concerned that outdated and restrictive eligibility criteria could be hindering research.
The organisation has used its annual meeting in Chicago to call for some of these outmoded eligibility criteria to be dropped after a study showed that relaxing three rules used to screen patients almost doubled the number of patients on a dummy lung cancer trial.
The research looked at the health records of 10,500 patients from 2011 to 2018 with advanced non-small cell lung cancer on ASCO’s cancer database.
Researchers looked at the number of patients eligible for trials using traditional criteria, and using new proposed criteria from ASCO and Friends Of Cancer Research.
These allow for brain metastases, previous or current cancer diagnoses, and creatine clearance levels as low as 30 millilitres per minute, which can indicate kidney damage or impaired function.
Traditional criteria do not allow for these conditions and exclude patients with creatine clearance levels less than 60 millilitres per minute
Using expanded criteria would nearly double the percentage of patients eligible to sign up, from 52.3% to 98.5%.
The criteria would allow for patients with brain metastases, previous or concurrent cancers, and limited kidney function to sign up, and would also result in a higher percentage of older patients joining.
In the broadened trial 22% of patients were older than 75, compared with 16% using the traditional criteria.
There were more women on the trial, rising from 40% to 44%, more Stage IV diagnosis, increasing from 55% to 60%.
Non-squamous types of lung cancer increased from 45% to 47% and there were more never smokers, raising the rate from 13% to 16%.
Lead study author Donald Harvey, director of the Winship Cancer Institute of Emory University’s Phase 1 Clinical Trials Section, noted that eligibility criteria are based on “antiquated safety concerns” that are no longer valid because of developments in supportive care.
The message from Harvey in a presentation of findings at an ASCO press conference was clear, with a clarion-call to use the more relaxed screening criteria. “We urge all clinical trial sponsors to adopt these criteria,” he said.

Argus: Aptorum Group Ltd

Aptorum Group Ltd., a Hong Kong-based pharmaceutical company, develops and commercializes therapeutic and diagnostic technologies to treat unmet medical needs. The company also focuses on the development of surgical robotics and medical devices and operates outpatient clinics.
COMPANY HIGHLIGHTS
* APM: Addressing Orphan Indications and Unmet Needs
* In our view, Aptorum has compiled an impressive pipeline of early-stage assets that we
expect to drive significant value, both from internal development and external collaborations.
* In mid-2018, Aptorum launched a medical clinic in Hong Kong. Over time, we expect
revenue from this business to help mitigate the company’s R&D cash burn.
* In December 2018, Aptorum raised approximately $11 million from an initial public offering. The Company ended 2018 with $27.1 million in cash/restricted cash and marketable securities, which should be sufficient to advance at least one of its lead clinical programs to Phase I trials.
* Based on our sum-of-the-parts NPV valuation for the company’s lead programs and IP and technology assets, we arrive at a fair value estimate of $24 per share, well above current levels.
INVESTMENT THESIS
Aptorum Group Ltd., based in Hong Kong, is developing a range of therapeutic and diagnostic technologies to treat unmet medical needs. Its primary focus areas include infectious diseases, neurology, gastroenterology, and oncology. Aptorum is also developing product candidates in surgical robotics and medical devices. In mid-2018, the company launched an outpatient clinic in Hong Kong to treat chronic diseases resulting from modern sedentary lifestyles and an aging population.