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Wednesday, June 5, 2019

Evotec, Celgene Further Expand Collaboration Including New Cell Type

  • INCLUDING NEW CELL TYPES SUPPORTS DISCOVERY OF DISEASE-MODIFYING THERAPIES FOR NEURODEGENERATIVE DISEASES
  • TRIGGERS $ 9.0 M PAYMENT TO EVOTEC
Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) announced today that its strategic alliance with Celgene Corporation (“Celgene”) has been expanded to include a new cell type triggering a payment of $ 9.0 m to Evotec.
Evotec and Celgene initiated the collaboration in December 2016 to identify disease-modifying treatments for a broad range of neurodegenerative diseases. Since then, the companies have achieved several milestones including advancement of one programme into lead optimisation as well as including additional cell lines and now a new cell type. Currently approved drugs only offer short-term management of the patients’ symptoms and there is a huge unmet medical need for therapeutic modalities that slow down or reverse disease progression in the field of neurodegenerative diseases. The collaboration pursues an innovative approach to the discovery and development of novel medicines by leveraging Evotec’s unique human iPSC technology platform, which is one of the largest and most sophisticated platforms in the industry.
Dr Cord Dohrmann, Chief Scientific Officer of Evotec, commented: “Patients suffering from neurodegenerative diseases today have limited treatment options, the majority of which only support the management of symptoms but do not address the cause of their disease. With our iPSC platform and Celgene’s expertise, we feel confident to provide physicians with additional treatment options in the future and to deliver disease-modifying treatments to patients.”

Qiagen, DiaSorin to develop Lyme disease test

QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) and DiaSorin (FTSE MIB: DIA) today announced the expansion of their QuantiFERON collaboration to develop an ultra-sensitive diagnostic test for Lyme disease, which is expected to address a significant unmet medical need.
The companies plan multi-site clinical validations during the 2020 Lyme disease season, with regulatory submissions expected at the end of the same year in the United States and Europe. The QuantiFERON technology comes in two components: the QuantiFERON sample collection component with the proprietary assay stimulus/initiation and QuantiFERON read-out component to measure the signal created by the stimulus. The QuantiFERON read-out component of the assay will be run on DiaSorin’s widely used LIAISON family of fully automated analyzers and both components will be designed for use on these platforms.
Lyme disease, also called borreliosis, is an infection caused by the Borrelia burgdorferi bacterium, which is transmitted to humans through the bite of blacklegged ticks. Typical symptoms include fever, headache, fatigue and a skin rash called erythema migrans. Left untreated, the Lyme infection can spread to joints, the heart and the nervous system. Lyme disease is most often contracted during the warmer months of the year.
Approximately 30,000 confirmed cases of Lyme disease per year are reported to the U.S. Centers for Disease Control (CDC), but the CDC notes that recent estimates suggest about 300,000 individuals may get Lyme disease annually in the U.S. Meanwhile, the latest available ECDC data in Europe showed approximately 35,000 confirmed cases in 2010, but is considered to be significantly underestimated by many experts amid expectations for a significant 100% increase in the spread of this disease in Europe during the last decade.
The current diagnostic algorithm for Lyme diagnosis foresees the use of IgG and IgM detection, produced via B cell immune response, in association with Western Blot as a confirmative tool.
However, there is often a risk for a false negative result due to the fact that patients often visit their doctor very early during the onset of the disease given the appearance of visible signs of the tick bite or the presence of the tick itself, but before the B cell response has not been activated. T cell response, as measured through the QuantiFERON technology, precedes B cell response and has the potential to provide significantly better sensitivity and earlier detection of the infection.

FDA approves Lilly’s migraine drug as first ever cluster headache treatment

Eli Lilly and Co’s migraine treatment Emgality on Tuesday became the first drug to gain U.S. approval for decreasing the frequency of episodic cluster headache attacks, the Food and Drug Administration said.
Emgality belongs to a new class of drugs called CGRP inhibitors that are used to prevent migraines or reduce their frequency. It competes with Ajovy from Teva Pharmaceutical Industries Ltd and Amgen Inc’s Aimovig, all approved within months of each other last year, creating a fierce battle for market share. The approval for a second use could help Lilly differentiate Emgality from its rivals.
Cluster headaches are recurring, intense headaches that can occur several times daily during a “cluster period.” Lilly estimates that around 250,000 people suffer from the condition in the United States.
“Patients haven’t had a lot of other treatment options available, or they have been using stuff that hasn’t been approved and shown great evidence to help with episodic cluster headaches,” Libby Driscoll, vice president of Lilly’s neuroscience business unit, told Reuters.

The great majority of cluster headache cases are episodic, with attacks occurring in periods that can last from seven days to one year, followed by pain-free remission periods of at least one month.
The rest are classified as chronic, with attacks occurring for more than a year without a remission period, or with remission lasting less than a month.
Unlike migraines, which tend to be more prevalent in women, the condition is slightly more common in men.
The injected treatment is administered once a month for the length of a cluster period, which tend to last two weeks to 10 weeks on average. Cluster headache patients will be given a 300 milligram monthly dose, compared with a 120 mg per month dose for migraine prevention.

The drug will be priced the same as for migraine on a per milligram basis, but the cost will vary depending on the length of treatment. Emgality for migraines costs $6,900 a year.
Last month, Lilly said it had pulled ahead of Amgen and Teva in attracting new migraine patients. It is seeking to build on that advantage by stressing that its therapy can completely prevent headaches in a small percentage of patients.

Tuesday, June 4, 2019

Pfizer had clues its blockbuster drug could prevent Alzheimer’s, kept it secret

Why didn’t it tell the world? Drug companies frequently have been pilloried for not fully disclosing negative side effects of their drugs. What happens when the opposite is the case?
The results were from an analysis of hundreds of thousands of insurance claims. Verifying that the drug would actually have that effect in people would require a costly clinical trial – and after several years of internal discussion, Pfizer opted against further investigation and chose not to make the data public, the company confirmed.
Researchers in the company’s division of inflammation and immunology urged Pfizer to conduct a clinical trial on thousands of patients, which they estimated would cost $80 million, to see if the signal contained in the data was real, according to an internal company document obtained by The Washington Post.
“Enbrel could potentially safely prevent, treat and slow progression of Alzheimer’s disease,″ said the document, a PowerPoint slide show that was prepared for review by an internal Pfizer committee in February 2018.
The company told The Post that it decided during its three years of internal reviews that Enbrel did not show promise for Alzheimer’s prevention because the drug does not directly reach brain tissue. It deemed the likelihood of a successful clinical trial to be low. A synopsis of its statistical findings prepared for outside publication, it says, did not meet its “rigorous scientific standards.″
Science was the sole determining factor against moving forward, company spokesman Ed Harnaga said.
Likewise, Pfizer said it opted against publication of its data because of its doubts about the results. It said publishing the information might have led outside scientists down an invalid pathway.
Pfizer’s deliberations, which previously have not been disclosed, offer a rare window into the frustrating search for Alzheimer’s treatments inside one of the world’s largest drug companies. Despite billions spent on research, Alzheimer’s remains a stubbornly prevalent disease with no effective prevention or treatment.
Some outside scientists disagree with Pfizer’s assessment that studying Enbrel’s potential in Alzheimer’s prevention is a scientific dead end. Rather, they say, it could hold important clues to combating the disease and slowing cognitive decline in its earliest stages.
Pfizer did share the data privately with at least one prominent scientist, but outside researchers contacted by The Post believe Pfizer also should at least have published its data, making the findings broadly available to researchers.
“Of course they should. Why not?″ said Rudolph Tanzi, a leading Alzheimer’s researcher and professor at Harvard Medical School and Massachusetts General Hospital.
“It would benefit the scientific community to have that data out there,″ said Keenan Walker, an assistant professor of medicine at Johns Hopkins who is studying how inflammation contributes to Alzheimer’s. “Whether it was positive data or negative data, it gives us more information to make better informed decisions.″
Internal discussions about possible new uses of drugs are common in pharmaceutical companies. In this case, Pfizer’s deliberations show how decisions made by industry executives – who are ultimately accountable to shareholders – can have an impact well beyond corporate board rooms.
As its Enbrel deliberations ended early last year, Pfizer was getting out of Alzheimer’s research. It announced in January 2018 that it would be shutting down its neurology division, where Alzheimer’s treatments were explored, and laying off 300 employees.
Meanwhile, Enbrel has reached the end of its patent life. Profits are dwindling as generic competition emerges, diminishing financial incentives for further research into Enbrel and other drugs in its class.
“I’m frustrated myself really by the whole thing,″ said Clive Holmes, a professor of biological psychiatry at the University of Southampton in Great Britain who has received past support from Pfizer for Enbrel research in Alzheimer’s, a separate 2015 trial in 41 patients that proved inconclusive.
He said Pfizer and other companies do not want to invest heavily in further research only to have their markets undermined by generic competition.
“Someone can pop up and say, ‘Look, I’ve got a me-too drug here,’ ″ Holmes said, referring to the advent of generic versions of Enbrel. “I think that is what this is all about.″
– – –
The broader market forces that critics say discouraged Pfizer from investing in Alzheimer’s clinical trials are rooted in Enbrel’s “life cycle,″ the 20-year period of patent exclusivity when a brand manufacturer reaps monopoly profits from a drug. By industry standards, Enbrel, an injectable biologic drug, is relatively old, with FDA approval for rheumatoid arthritis in 1998. It also has been approved to treat psoriasis.
Pfizer got rights to market it internationally when it acquired drugmaker Wyeth in 2009. But Enbrel, which earned Pfizer $2.1 billion in 2018, now faces generic competition.
Drug companies often are criticized for extending the patent life of a drug – and winning new profits – by merely tweaking a drug’s molecule or changing the method of delivery into the body. But it is a “heavy lift″ for a company to win regulatory approval to use a drug for a completely different disease, said Robert Field, a professor of law and health care management at Drexel University.
“Our patent laws do not provide the appropriate incentives,″ Field said. Drug therapy for early Alzheimer’s “would be a godsend for American patients, so we should be doing everything we can as a country to encourage development of treatments. It’s frustrating that there may be a missed opportunity.″
As Enbrel’s life cycle winds down, Pfizer has introduced a new rheumatoid arthritis drug, Xeljanz, that works differently from Enbrel. Pfizer is putting its marketing muscle behind the new treatment. While Enbrel revenue is shrinking, Xeljanz revenue is growing. The Xeljanz patent expires in 2025 in the United States and 2028 in Europe, according to Pfizer’s public disclosures. The drug is on track to make Pfizer billions more each year for the foreseeable future.
Wagering money on a clinical trial of Enbrel for an entirely different disease, especially when Pfizer had doubts about the validity of its internal analysis, made little business sense, said a former Pfizer executive who was aware of the internal debate and spoke on the condition of anonymity to discuss internal Pfizer matters.
“It probably was high risk, very costly, very long term drug development that was off-strategy,″ the former executive said.
Another former executive, who also spoke on the condition of anonymity to discuss Pfizer operations, said Pfizer offered virtually no explanation internally for opting against further investigation in early 2018, when the internal debate ended.
“I think the financial case is they won’t be making any money off of it,″ the second former executive said.

Drug companies frequently have been pilloried for not fully disclosing negative side effects of their drugs. What happens when the opposite is the case? What obligation does a company have to spread potentially beneficial information about a drug, especially when the benefits in question could improve the outlook for treating Alzheimer’s, a disease that afflicts at least 500,000 new patients per year?
A medical ethics expert argued that Pfizer has a responsibility to publicize positive findings, although it is not as strong as an imperative to disclose negative findings.
“Having acquired the knowledge, refusing to disclose it to those who might act upon it hides a potential benefit, and thereby wrongs and probably harms those at risk of developing Alzheimer’s by impeding research,″ said Bobbie Farsides, professor of clinical and biomedical ethics at Brighton and Sussex Medical School in London.
Another health-care ethics specialist cautioned that the demand for drug company disclosure should remain focused on information collected during clinical trials.
“I do think you have to draw some limits, and say that not every piece of information they have in their files has to be disclosed with others,″ said Marc Rodwin, a law professor at Suffolk University Law School in Boston.
Pfizer markets Enbrel outside North America. Another drug company, Amgen, which holds rights to market Enbrel in the United States and Canada, says it knew of the Pfizer data and similarly decided the findings held little promise. Amgen said market factors played no role in its deliberations.
“Unfortunately, our exploratory work did not yield results strong enough to warrant further studies,″ Amgen said.
Sometimes doctors prescribe drugs for uses that have not been approved by the Food and Drug Administration. But none of the experts interviewed for this story said such “off-label″ use of Enbrel would be appropriate for Alzheimer’s, because of the very limited nature of the data thus far. Nor, they said, do they believe such prescribing is happening to any significant extent.
The role of brain inflammation in Alzheimer’s recently has been getting closer attention among academics after the failure of multiple experimental drugs that targeted the buildup of plaques on brain tissue. In 2016, researchers from Dartmouth and Harvard universities published a study of insurance claims data – similar to Pfizer’s internal findings – that showed a potential benefit of Enbrel. Enbrel “shows promise as a potential treatment″ for Alzheimer’s, the study found.
Pfizer’s analysis about potential Enbrel benefits in the brain sprang from the company’s division of immunology and inflammation, based in a large Pfizer office complex in Collegeville, Pennsylvania.
Statisticians in 2015 analyzed real world data, hundreds of thousands of medical insurance claims involving people with rheumatoid arthritis and other inflammatory diseases, according to the Pfizer PowerPoint obtained by The Post.
They divided those anonymous patients into two equal groups of 127,000 each, one of patients with an Alzheimer’s diagnosis and one of patients without. Then they checked for Enbrel treatment. There were more people, 302, treated with Enbrel in the group without Alzheimer’s diagnosis. In the group with Alzheimer’s, 110 had been treated with Enbrel.
The numbers may seem small, but they were mirrored in the same proportion when the researchers checked insurance claims information from another database. The Pfizer team also produced closely similar numbers for Humira, a drug marketed by AbbVie that works like Enbrel. The positive results also showed up when checked for “memory loss″ and “mild cognitive impairment,″ indicating Enbrel may have benefit for treating the earliest stages of Alzheimer’s.
A clinical trial to prove the hypothesis would take four years and involve 3,000 to 4,000 patients, according to the Pfizer document that recommended a trial. The document said Pfizer would gain a positive public relations “halo effect″ by investigating an Alzheimer’s treatment.
Enbrel reduces inflammation by targeting a specific protein called TNF-a. The Pfizer claims data analysis added to a growing body of evidence that broadly targeting TNF-a in the body has the potential to prevent Alzheimer’s, said Holmes, the professor of biological psychiatry at the University of Southampton.
Holmes is among the few researchers who has gained access to the Pfizer data; he won the company’s permission to use it in a grant application for a small clinical trial he is undertaking in England.
“If it’s true in reality, if you did it in a clinical trial setting, it’s massive – it would be huge,″ Holmes said. “That’s why it’s so exciting.″
One reason for caution: another class of anti-inflammatory therapies, called non-steroidal anti-inflammatory drugs (NSAIDS), showed no effect against mild-to-moderate Alzheimer’s in several clinical trials a decade ago. Still, a long-term follow-up of one of those trials indicated a benefit if NSAID use began when the brain was still normal, suggesting the timing of therapy could be key.
Pfizer said it also was skeptical because Enbrel has only a limited effect on the brain. The Enbrel molecule is too large to pass through the “blood-brain barrier″ and directly target TNF-a in brain tissue, the company said.
Yet Alzheimer’s researchers believe inflammation outside the brain – called peripheral inflammation – influences inflammation within the brain.
“There is a lot of evidence suggesting that peripheral or systemic inflammation may be a driver of Alzheimer’s disease,″ said Walker, the Johns Hopkins researcher. It is a fair hypothesis that fighting inflammation outside the brain with Enbrel will have a similar effect inside the brain, he said.
“I don’t believe Enbrel would need to cross the blood brain barrier to modulate the inflammatory/immune response within the brain,″ Walker said.
“There is increasing evidence that peripheral inflammation can influence brain function,″ said rheumatologist Christopher Edwards, of the University of Southampton in Britain.
“It’s important that that’s published, and in the public domain,″ Edward added of the Pfizer data. “It needs to be out there.″

‘Meatless companies are struggling to meet demand’

Shares of meat alternative company Beyond Meat closed up more than 7% on Tuesday, after the Wall Street Journal reported that plant-based burger companies are struggling to meet surging demand.
Due to limited production capacity, the two leading purveyors of meat-alternatives, Beyond Meat and Impossible Foods, have been unable to meet the high frequency of orders from restaurants adding meatless products to their menus.
Beyond Meat’s stock is up nearly 300% since its initial public offering in May.
Beyond Meat and Impossible Foods are served in almost 20,000 restaurants across the country, according to the report. TGI Fridays, Del Taco Restaurantsand Red Robin have joined the list, adding pea-based or soy-based burgers to their meat-heavy menus.
Burger King and White Castle have also added the meat-alternatives to their menus to attract more customers, the Journal said.
The rise in popularity in planet-based burgers has caught more than just the eyes of restaurant chains.
Barclays predicted the alternative meat industry could be worth $140 billionover the next decade and food giant Nestle is planning to launch its own plant-based burger in the U.S. through its brand called Sweet Earth.
Beyond Meat surged 163% on its first day of trading at the Nasdaq on May 2. The day prior, the company priced its shares at $25 a share, but opened at $46 a share. The stock has nearly quadrupled its price since the IPO.
Beyond Meat will report first-quarter earnings after the bell Thursday in the company’s first earnings report since becoming a public company.

Trading Psychology Techniques – 7: Facing Your Fears


A while back, I worked with a trader and reviewed his P/L statistics.  Keeping good statistics on your trading is a universal best practice.  The patterns of wins and losses–and the progress over time–reveals a great deal about your trading–and your trading psychology.
What made this trader unusual was a pattern of small wins and small losses.  He had a daily loss limit and never came near that number, either on the downside or the upside.
When we examined his trading, it was clear that he had profit targets on his trades and he had stop loss levels.  These were appropriate, given his daily limits.  He gave himself room to be wrong with his stops and also gave room to trades to run if they worked out.
So what’s the problem?
As we examined his trading, we quickly saw that he rarely let his trades stop out and he rarely hit his profit targets.  He stopped out of trades quickly when they went against him and he took profits quickly when trades went his way.
In short, his trading was an exercise in fear.  When he feared loss, he quickly exited.  When he feared losing gains, he quickly exited.  Over time, that had him playing small ball as a trader.  Psychologically, it meant that he was always acting on fear.
We reinforce what we act upon.  If we act on fear, we reinforce fear.  If we act out of frustration, we reinforce frustration.  Is it any wonder that, fearfully exiting one trade after another, this trader never developed confidence in what he was doing?
An important psychological rule is that we can only overcome our fears by directly facing them.  If I am afraid of going outdoors, I cannot develop confidence by staying indoors.  What I need is to experience the very thing that I’m afraid of and see–in my own experience–that nothing terrible happens if there is an adverse outcome.  In that sense, we don’t gain confidence from success alone.  We gain confidence by failing–and seeing that we can bounce back.
This is where the use of imagery is tremendously helpful.  We can visualize, in great detail, having a winning trade reverse on us or having a trade hit its stop, and mentally rehearse how we would like to deal with that situation.  If we mentally rehearse these scenarios again and again, they become familiar to us and no longer so threatening.  That reinforces confidence, because we’re telling ourselves that we can fail and bounce back.
Note that what we’re doing with such imagery methods is sustaining a state of self-awarenesswhile talking ourselves through the fearful episode.  With sufficient practice, we can become quite good at invoking the self-awareness in real time.  What we’ve rehearsed with imagery comes back to us during actual trading.
The trader I met with learned to redefine his fears.  Once he realized that playing small ball guaranteedhe would never reach his goals, he became fearful of being fearful.  In other words, he changed his perspective.  The problem wasn’t losing money; the problem became preventing himself from making money!  In the state of self-awareness, he now viewed his situation differently, and that enabled him to trade very differently.

HCA subsidiary buys supply chain management company

HealthTrust Purchasing Group, a subsidiary of Nashville, Tenn.-based HCA Healthcare, has signed a definitive agreement to acquire Resource Optimization & Innovation, the supply chain management division of St. Louis-based Mercy.
The transaction, which is subject to regulatory approval, is expected to close by late summer 2019. After the acquisition closes, HealthTrust will be the group purchasing organization for Mercy and ROi’s other partner members, Orlando (Fla.) Health and Baton Rouge, La.-based Franciscan Missionaries of Our Lady Health System.
“Mercy founded ROi in 2002 to manage our supply chain and we’ve watched it grow and innovate to become a highly-recognized supply chain organization,” Mercy President and CEO Lynn Britton said in a press release. “As part of HealthTrust, ROi has the opportunity to accelerate its progress and strengthen its capabilities in support of Mercy, other ROi members and HealthTrust members.”
Financial terms of the transaction were not disclosed.