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Wednesday, June 12, 2019

Halozyme on track for key data readout in Q4

Halozyme (HALO -0.2%reports that the target number of 330 overall survival (OS) events has been reached in the Phase 3 HALO-301 study evaluating lead candidate PEGPH20 for the first-line treatment of metastatic pancreatic cancer. The primary endpoint is OS.
Data maturity should be reached in mid-September, followed the announcement of topline results by December.

J&J and Colgate-Palmolive on short end of talc verdict

Bloomberg reports that a California jury has ruled in favor of plaintiff Patricia Schmitz, agreeing with her claim that talc products made by Johnson & Johnson (JNJ +1.3%) and Colgate-Palmolive (CL -0.5%) caused her cancer.

FDA approves Roche’s $90,000 lymphoma combination

The FDA has quickly approved a new antibody treatment for an aggressive form of lymphoma from Roche – costing in the region of $90,000 for a four-month course.
Polivy (polatuzumab vedotin-piiq) has been granted accelerated approval in combination with bendamustine chemotherapy and Rituxan (rituximab) (BR) for adults with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) who have received at least two prior therapies.
The disease is also targeted by the CAR-T therapies from Roche’s rivals Novartis and Gilead and Roche has opted to price its new regimen in line with these expensive cell therapies.
Polivy’s dosage is based on weight by Roche, which said a four-month course will cost $90,000 on average.
The price compares favourably with one-off shots of CAR-Ts from Novartis and Gilead that cost $373,000 and $475,000 respectively, but Polivy’s price could still make prescribers think twice, at least until further clinical data is available.
Accelerated approval allows for drugs to be licensed using early stage data from mid-stage clinical trials, based on the understanding that effectiveness is likely to be confirmed by findings of a larger trial.
But the FDA has granted approval based on findings of the Phase 1b/2 GO29365 study in people with R/R DLBCL who are ineligible for a haematopoietic stem cell transplant.
Results of the study showed that 40% – 16 out of 40 – of those treated with Polivy plus BR achieved a complete response, meaning no cancer could be detected at the time of assessment compared with 18% treated with BR alone.
The study also showed that 45% of people on Polivy plus BR achieved an objective response at the end of treatment compared with 18% of people treated with BR alone.
Of the people treated with Polivy plus BR who achieved a complete or partial response, 16 (64%) had a duration of response lasting at least six months compared to 30% of people treated with BR alone.
While this data suggests the drug continued to work for an extended period, it’s not the same as the overall survival figures that oncologists will be looking for when they decide what to prescribe.
The figures from Polivy also don’t compare favourably to Gilead’s Yescarta (axicabtagene ciloleucel), which according to figures announced at the end of last year produced a response rate of 83% after two years, with 58% of patients having a complete response.
However, Polivy has the advantage of convenience and will not require a drawn-out manufacturing process like Yescarta and Novartis’ Kymriah (tisagenlecleucel).
Being an antibody-based therapy, Polivy does not produce the extreme side effects seen with CAR-T either, such as neurotoxicity and cytokine release syndrome (CRS).
Roche said adverse reactions occurred in at least 20% of patients, and at least 5% more frequently in patients treated with Polivy plus BR compared to BR alone, and included low white blood cell count, low platelet levels, low red blood cell count, numbness, tingling or pain in the hands and feet, diarrhoea, fever, decreased appetite and pneumonia.
Polivy is a first-in-class anti-CD79b antibody-drug conjugate (ADC). The CD79b protein is expressed specifically in the majority of B-cells (an immune cell impacted in some types of non-Hodgkin lymphoma (NHL)), making it a promising target for the development of new therapies.
Polivy binds to CD79b and destroys these B-cells through the delivery of an anti-cancer agent, which is thought to minimise the effects on normal cells.
Polivy is being developed by Roche using Seattle Genetics ADC technology and is currently being investigated for the treatment of several types of NHL.

Minister says using generic CF drug is an option in Vertex Orkambi row

Vertex is coming under increased pressure to sign a deal with the NHS covering its Orkambi cystic fibrosis (CF) drug, with a government minister suggesting she would consider implementing laws allowing the NHS to use generic alternatives.
It’s more than three years since NICE said that Orkambi (lumacaftor+ivacaftor) is too expensive for the England’s NHS, sparking an increasingly bitter stand-off between health service officials, patients and the company.
Despite an improved offer from NHS England covering Orkambi last month, there has been no sign of the deadlock being broken.
Last week families of children with CF said they created a “buyers club” to import generic Orkambi from a manufacturer in Argentina.
In a debate in Parliament yesterday, MPs expressed outrage at this latest development, and junior health minister Seema Kennedy said the government has a “moral obligation” to explore all options to bring Orkambi to the UK market.
This includes a previously discussed move to implement a “Crown use” law that would allow the government to use a generic version of the drug at a vastly reduced price.
Continued negotiations between NHS England, NICE and Vertex is the “desired option” according to Kennedy.
“It is possible to go through the NICE appraisal process and reach an agreement with NHS England,” said Kennedy.
But in the absence of any progress Kennedy said she would explore other alternatives including Crown use, although MPs heard that putting these arrangements into place could take more than two years.
Sharon Hodgson, Labour MP for Washington and Sunderland West, said an agreement between Vertex, NICE, and the NHS would provide an “immediate outcome” that would get families their cystic fibrosis drugs.
Crown use remains an alternative only if negotiations continue to stall as it would take such a long time to implement, she said.
“Although that would be an option to look at if nothing else can be found, it would not give the families the drugs as quickly as we would like.”
In a separate development, the Association of the British Pharmaceutical Industry (ABPI) took the unusual step of praising NHS England for the flexibility it has shown during the negotiations.
In a blog post last week, the ABPI’s executive director for commercial policy, Richard Torbett, noted that Vertex is not a member of the trade body, and added that there is no information about the prices that are being discussed in the negotiations.
These are being kept secret for commercial reasons – but what is in the public domain is the structure of the deal NHS England has offered.
This would allow for a two-year managed entry period during which time the NHS would gather information about how Orkambi works in the real world.
If the drug performs well there is scope for a price increase, while if outcomes are below expectations its price could drop.
Torbett said: “It is clear that the structure of the offer represents exactly the sort of flexibility industry has been calling for some time.”
The ABPI has struck a new five-year pricing deal with the government for branded drugs that caps the overall spend each year, and rebates any excess back to the NHS.
A spokesperson for Vertex said the company welcomed the debate and “shared the urgency” of the speakers who wished to bring the drug to patients in England.
The spokesperson added: “We remain highly committed to the negotiations with NHS England and can confirm that a further meeting took place between Vertex and NHS England on Friday, 7th June. Our intensive work continues on a daily basis.
“In the absence of an access agreement, Vertex will continue to provide free medicines to patients who are the most seriously ill, based on objective clinical criteria, through our compassionate use programme.”

FDA Grants Priority Review To Roche Rituximab In Ped Blood Vessel Disorders

PEPRS STUDY IS FIRST GLOBAL TRIAL OF RITUXAN IN PEDIATRIC PATIENTS WITH GPA OR MPA

* RITUXAN IN COMBINATION WITH GLUCOCORTICOIDS IS ONLY FDA-APPROVED THERAPY FOR ADULTS WITH THESE TWO RARE FORMS OF VASCULITIS
* IF APPROVED, THIS WOULD BE FIRST PEDIATRIC INDICATION FOR RITUXAN

Novartis Cosentyx meets primary, secondary endpoints in psoriatic arthritis

Novartis announced that its Cosentyx (secukinumab) has achieved its primary and key secondary endpoint in the Maximise study of psoriatic arthritis (PsA).
Cosentyx is claimed to be the first and only fully-human biologic, which directly restricts interleukin-17A (IL-17A), a cornerstone cytokine engaged in the inflammation and development of PsA, psoriasis (PsO), and ankylosing spondylitis (AS).
According to the company, the ongoing 52-week phase IIIb trial met both its primary and key secondary endpoint with 63.1% of Cosentyx 300mg and 66.3% of Cosentyx 150mg patients achieving ASAS20 at week 12, respectively.
PsA, which is a complex disease with multiple manifestations driving patient symptoms, is estimated to affect up to 50 million people across the world.
Maximise is a double-blind, randomized and placebo-controlled phase IIIb study to assess the efficacy and safety of an immunosuppressant in the management of axial manifestations of PsA.
The company recruited 498 patients with PsA, linician-diagnosed axial involvements, spinal pain rated as >40/100 on a visual analog scale (VAS) and BASDAI >4 despite trial of at least two non-steroid anti-inflammatory drugs in the study.
Patients have been treated with subcutaneous Cosentyx 300mg or 150mg given weekly for four weeks and every four weeks thereafter.
The proportion of patients achieving an ASAS20 response with Cosentyx 300mg at week 12 was the primary endpoint of the study.

Dassault Systemes targets life sciences with $5.8 billion Medidata deal

France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on clinical trials.
Dassault Systemes has been doing deals to diversify its technology and software businesses further and its agreed acquisition of Medidata, its largest, follows its purchases of companies including Trace Software and Argosim.
Medidata has a market capitalization of around $5.9 billion, Refinitiv Eikon data shows, while Dassault has a stock market value of around 36 billion euros ($41 billion).
Although the $92.25 per share offered marked a slight discount to Medidata’s closing price of $94.75 on June 11, analysts said that it was at a premium of 6.6% to Medidata’s 50-day average price of $86.50 over the last 50 days.
Medidata’s shares had also risen 5.5% to around $100 in after-hours trading on Tuesday, on growing speculation of a takeover by Dassault Systemes.

The French company added the Medidata takeover, which it said has a $5.8 billion enterprise value, would strengthen its position in life sciences and boost earnings from 2020 onwards.
“Multidiscipline scientific innovation and industrial performance call for a platform approach connecting the dots between people, ideas and data,” said Bernard Charlès, Vice Chairman and CEO of Dassault Systèmes.
Deloitte this year forecast strong growth in the life sciences industry, saying it would benefit from a general rise in spending on healthcare, which in turn would necessitate more spending on technology. (bit.ly/2evoaRZ)
France’s Dassault family has stakes in both Dassault Systèmes and the aerospace-focused Dassault Aviation company, but the two are separate entities.
Dassault Systeme’s finance director, Pascal Daloz, said the French company had also signed a debt financing deal worth around 4 billion euros to fund its purchase of Medidata.

Invest Securities said the size of the deal had taken some investors by surprise, but Roche Brune Asset Management fund manager Gregoire Laverne said it was seen as a positive step.
“Dassault Systemes nevertheless has a big enough balance sheet to able to finance part of the acquisition,” said Laverne, whose firms owns Dassault shares.
Medidata had 2018 revenue of $636 million, and Dassault Systemes expects to close the deal in the fourth quarter.