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Monday, July 1, 2019

Biotech Investors: Mark Your Calendar For These July FDA Dates

The FDA went overdrive in the month of June, deciding on several regulatory applications before the July 4 holiday. There were favorable outcomes as well as disappointments.
Acer Therapeutics Inc ACER 0.26% went about a freefall, shedding about 79% in a single session after the FDA issued a complete response letter to the NDA for its rare genetic disorder drug.
Merck & Co., Inc. MRK‘s Keytruda snagged two approvals in the month – for head and neck cancer as well as lung cancer.
As the first half of the year winds down, new molecular entity approvals thus far totaled 12 compared to 20 approvals in the same time last year.
PDUFA dates are deadlines for the FDA to review new drugs. The FDA is normally given 10 months to review new drugs. If a drug is selected for priority review, the FDA is allotted six months to review the drug. These time frames begin on the date that an NDA is accepted by the FDA as complete.
Here are the key PDUFA dates to watch in July.

Karyopharm Awaits Positive Verdict After Initial Hiccups

  • Company: Karyopharm Therapeutics Inc KPTI 0.17%
  • Type of Application: NDA
  • Candidate: Selinexor in combination with dexamethasone
  • Indication: Multiple myeloma
  • Date: July 6
Selinexor, an oral selective inhibitor of nuclear export compound, is being evaluated in combination with dexamethasone for treating patients with relapsed refractory multiple myeloma who have received at least three prior therapies and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one anti-CD38 monoclonal antibody.
FDA’s Oncologic Drug Advisory Committee, which met in late February, voted 8-5 recommending the FDA wait for results from a Phase 3 study dubbed BOSTON before making a final decision regarding approval. In mid-March, the company announced the FDA extended the review period by three months to July 6.

Merck Seeks Approval For Antibiotic Combo Treatment

  • Company: Merck
  • Type of Application: NDA
  • Candidate: Combination of relebactam with imipenem/cilastatin
  • Indication: Complicated urinary tract infection and complicated intra-abdominal infections
  • Date: July 16
Merck communicated FDA acceptance of the application Feb. 5. The application is supported by the results of the pivotal Phase 3 RESTORE-IMI 1 trial.

Celgene Knocks The FDA Altar For Expanded Indication Of Psoriasis Drug

  • Company: Celgene Corporation CELG 0.01%
  • Type of Application: sNDA
  • Candidate: Otezla
  • Indication: Behҫet’s disease
  • Date: July 21
Otezla has been already been approved for psoriatic arthritis and plaque psoriasis. Incidentally, Bristol-Myers Squibb Co BMY, which has agreed to acquire Celgene, decided to divest Otezlain a bid to appease regulators.
Bechet’s disease is a rare disorder that causes blood vessel inflammation throughout the body, manifesting as mouth sores, eye inflammation, skin rashes and lesions.

Biohaven’s Neurological Disorder

  • Company: Biohaven Pharmaceutical Holding Co Ltd BHVN 0.09%
  • Type of Application: 510(b)(2)NDA
  • Candidate: BHV-0223
  • Indication: Amyotrophic lateral sclerosis
  • Date: July (date not specified)

Adcom Calendar

FDA’s Psychopharmacologic Drugs Advisory Committee will discuss Intra-Cellular Therapies Inc ITCI 0.15%‘s NDA for lumateperone tosylate capsules for oral administration in treating schizophrenia.

Sarepta target raised to $220 from $188 by RBC

Maintains Outperform

Amicus Therapeutics inks deal with Brammer Bio for gene therapy programs

Amicus Therapeutics (NASDAQ:FOLD) has entered into a strategic manufacturing collaboration with Thermo Fisher Scientific (NYSE:TMO).
Thermo Fisher and Amicus will collaborate to develop platform manufacturing capabilities to support the broader portfolio of AAV gene therapy programs.
Current R&D production technologies and capabilities related to the Amicus preclinical and clinical-stage gene therapy programs for CLN6, CLN3, and other potential Batten disease programs are being transferred to and developed at Thermo Fisher’s viral vector services business.
FOLD shares are up 2% premarket.

Bicycle Therapeutics up 10% premarket on positive THR-149 data

Thinly traded micro cap Bicycle Therapeutics (NASDAQ:BCYC) is up 10% premarket on light volume on the heels of encouraging data from an open-label Phase 1 clinical trial evaluating a single intravitreal injection of THR-149, a Bicycle-based plasma kallikrein inhibitor, in patients with diabetic macular edema (DME).
A rapid onset of action was observed from day 1 with an increasing improvement in best corrected visual acuity (BCVA) of up to 7.5 letters at day 14. The treatment effect was maintained (average improvement in BCVA of 6.5 letters) at day 90.
On the safety front, no dose-limiting toxicities or treatment-related adverse events were reported.
The study was conducted by licensee and collaboration partner Oxurion.
Development is ongoing.

Alnylam files application in Europe for givosiran for rare of liver disorders

Alnylam Pharmaceuticals (NASDAQ:ALNY) has filed a marketing applicationin Europe seeking approval of RNAi therapeutic givosiran for the treatment of acute hepatic porphyria, a group of four rare inherited liver disorders characterized by intense abdominal pain over a period of one-to-two weeks.

Cerecor’s CERC-301 shows encouraging action in early-stage hypotension study

Results from a Phase 1 dose-escalating clinical trial evaluating Cerecor’s (NASDAQ:CERC) CERC-301 in patients with neurogenic orthostatic hypotension (a sudden drop in blood pressure when the person stands up) showed a positive effect.
Participants receiving the 20 mg dose, the highest tested, showed clinically meaningful improvements in blood pressure throughout the study.
On the safety front, there were no serious adverse events reports and all doses were considered safe and well-tolerated.
CERC-301 is an NR2B subunit-specific NMDA receptor antagonist. NMDA receptor overactivation is associated with a range of neurodegenerative diseases, including Parkinson’s.
Development is ongoing.
Shares are up 10% premarket on light volume.

Atara’s ATA188 shows favorable safety profile in early-stage MS study

Preliminary results from a Phase 1 study assessing Atara Biotherapeutics’ (NASDAQ:ATRA) ATA188 in patients with progressive multiple sclerosis (MS) demonstrated an encouraging safety profile. The data were presented at the European Academy of Neurology Annual Congress in Oslo.
Results from the first three dose cohorts showed no dose-limiting toxicities and no serious treatment-emergent adverse events.
The study is ongoing. The primary objective is to identify the optimal dose for a Phase 2 trial.
ATA188 is an allogeneic Epstein-Barr virus (EBV) cytotoxic T lymphocyte (CTL) immunotherapy that targets EBV antigens that the company believes play a key role in the treatment of MS.