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Monday, June 10, 2019

Tetraphase up on retrospective Xerava data

Nano cap Tetraphase Pharmaceuticals (TTPH +11%) is up on below-average volume in response to results from three studies that support the value proposition of antibiotic XERAVA (eravacycline), approved in the U.S. in April 2018 for the treatment of complicated intra-abdominal infections (cIAIs). The data were presented at the Surgical Infection Society Annual Meeting in Coronado, CA.
A post hoc analysis of the Phase 3 INGITE1 and IGNITE4 trials showed a clinical cure rate of 89.0% versus 88.6% for comparators in patients with complicated appendicitis. The respective cure rates were 88.8% and 89.7% in patients with cIAIs not associated with appendicitis.
To better understand the outcomes of hospitalization for cIAIs, a retrospective cohort study from ~180 hospitals involving 4,453 patients with cIAIs and positive cultures was conducted, showing a 7.6% resistance rate to third-generation cephalosporins. The mortality rate from cIAIs was 7.6%, but jumped to 11.2% in patients who were readmitted within 30 days of discharge.

Valeritas up on positive V-Go data

Valeritas Holdings (VLRX +4.6%) is up on average volume on the heels of new data on its V-Go Wearable Insulin Delivery device. The results were presented at the American Diabetes Association Scientific Sessions in San Francisco.
Patients with type 2 diabetes (T2D) who switched to V-Go from a basal regimen for their insulin therapy experienced lower HbA1C levels without increasing their daily dose of insulin.
The retrospective analysis of 73 patients showed an average HbA1C reduction of -1.3 with 16% fewer accompanying prescribed medications. The incidence of hypoglycemia (low blood sugar) dropped to 19% from 23%.

FDA grants accelerated review status for Roche’s Polivy

Roche’s (OTCQX:RHHBY +0.2%) Genentech unit announces accelerated review status in the U.S. for antibody-drug conjugate Polivy (polatuzumab vedotin-piiq), combined with chemo agent bendamustine [Teva’s (TEVA+2.2%) Bendeka] and Rituxan (rituximab), for the treatment of adults with relapsed/refractory diffuse large B-cell lymphoma (DLBCL) who have received at least two prior therapies.
Polivy targets a protein expressed in most B cells called CD79b. Polatuzumab binds to CD79b thereby delivering the cytotoxic agent directly to the B cell.
The company’s marketing application is currently under FDA review with an action date of August 19.

Seattle Genetics’ Antibody-Drug Conjugate Tech Used in FDA OK

Approval Triggers Milestone Payment and Royalties on Worldwide Net Sales-
Seattle Genetics, Inc. (SGEN) today announced U.S. Food and Drug Administration (FDA) approval of Polivy™ (polatuzumab vedotin-piiq), which is an antibody-drug conjugate (ADC) targeting CD79b that utilizes Seattle Genetics’ technology. Polivy was developed and will be commercialized by Genentech, a member of the Roche Group. It was approved in combination with bendamustine plus Rituxan® (rituximab) (BR) for the treatment of adults with relapsed or refractory (R/R) diffuse large B-cell lymphoma (DLBCL), who have received at least two prior therapies. Polivy previously received FDA Breakthrough Therapy Designation, and was approved more than two months ahead of the Prescription Drug User Fee Act (PDUFA) action date of August 19, 2019.

HealthEquity target upped to $85 from $80 at Raymond James

Maintains Outperform

Bayer, China’s CStone Pharmaceuticals Team Up on Cancer Program

China-based CStone Pharmaceuticals and Bayer have teamed up to evaluate the safety and efficacy of a checkpoint inhibitor with a multi-kinase inhibitor for the treatment of multiple cancers, including gastric cancer.
The two companies will pair CStone’s CS1001 with Bayer’s regorafenib, an oral multi-kinase inhibitor that targets VEGFR, FGFR, CSF1R and other receptors. This is the first global proof of concept study carried out as a collaboration between the two companies. CStone will be the study sponsor and Bayer will provide regorafenib throughout the clinical trial program. Financial terms of the collaboration were not disclosed.

CStone has been on a collaboration roll over the past several months. Last week, CStone received approval to initiate clinical development in China of CS1001 in combination with Blueprint Medicine’s BLU-554 (CS3008) in patients with locally advanced or metastatic hepatocellular carcinoma. In 2015, there were approximately 326,000 deaths caused by liver cancer in China, making it the second leading cause of cancer death. In May, CStone and Switzerland-based Numab Therapeutics AG announced a licensing agreement for the development and commercialization of ND021, a potential best-in-class monovalent, tri-specific antibody-based molecule targeting PD-L1, 4-1BB, and human serum albumin.
CS1001 is one of CStone’s backbone immuno-oncology pipeline candidates. The drug has demonstrated that it is well-tolerated and has promising anti-tumor activities across a variety of tumor types in clinical studies. CStone is evaluating CS1001 in seven clinical trials. CS1001 completed a Phase I dose-escalation study in China and has demonstrated promising anticancer activity and good tolerance, the company said. CS1001 is currently being evaluated in multiple clinical trials including a bridging Phase I trial in the United States, a multi-arm Phase Ib study, two pivotal Phase II studies and three Phase III studies in China in various cancer types, respectively. It has not yet been approved by any regulatory health authority.
Bayer’s Regorafenib, known as Stivarga in the United States, is approved in more than 90 countries for the treatment of metastatic colorectal cancer and metastatic gastrointestinal stromal tumors. It is also approved in more than 80 countries for the second-line treatment of advanced hepatocellular.

Scott Z. Fields, head of oncology development at Bayer’s Pharmaceutical Division noted that there is a rising trend in cancer therapy of combining checkpoint inhibitors with multi-kinase inhibitors. Fields said the goal is to find new solutions for the many treatment gaps that remain for cancer patients. Fields said Bayer looks forward to the collaboration with CStone and exploring the potential of its multi-kinase inhibitor, regorafenib.
Gastric cancer was chosen as one of the targets for this collaboration due to the lack of safe and effective therapies. Lin Shen, vice president at the Peking University Cancer Hospital, said a combination of PD-1/PD-L1 antibodies with multi-kinase inhibitors that target VEGFR can induce significant synergistic anti-tumor effects. Shen said the hope is that a combination of CS1001 and Regorafenib will provide a new treatment option for gastric cancer patients.
Frank Jiang, CStone’s chief executive officer and chairman of the board, said they are pleased that Bayer agreed to partner with the company as the decision is a recognition of the potential of CS1001.
“We hope, by complementing our two companies’ pipelines via this combination therapy, that we can develop better cancer treatments for patients. In addition, this collaboration will be a big step forward for CStone’s global strategy when we generate positive data,” Jiang said in a statement.

Dr. Reddy’s Lab reports positive mid-stage data in plaque psoriasis study

Dr. Reddy’s Laboratories (NYSE:RDY) has announced positive topline results from its Phase 2b study of PPC-06 (formerly referred to as XP23829) in patients with moderate to severe plaque psoriasis.
In the study, PPC-06 met both co-primary endpoints i.e. PASI-75 and IGA scores of 0 or 1 with at least a 2-point reduction from baseline, after 24 weeks of oral treatment.
PPC-06 is an extended release formulation of a fumaric acid ester, in-licensed from Xenoport, for further development to treat moderate to severe plaque psoriasis.