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Tuesday, July 9, 2019

Gilead and Lyndra Team Up to Develop Long-Acting HIV Therapies

Lyndra Therapeutics and Gilead Sciences have entered a partnership collaboration to develop and market ultra-long-acting oral HIV therapies. Gilead will pick up exclusive rights to Lyndra’s long-acting drug platform.
Lyndra, based in Watertown, Massachusetts, focuses on reformulating oral medication so they can be taken less often. The company’s technology revolves around a capsule holding a star-shaped structure. The six arms of the star unfold inside the patient’s stomach and slowly releases the drug over an extended period of time. The star remains in the stomach until all the arms break off and then is expelled from the body.
Gilead is a leader in HIV medications. This partnership comes only months after Gilead invested in Lyndra’s oversubscribed $60.9 million Series B financing round.
“Gilead has led the way in HIV prevention and treatment by focusing on reducing pill burden through the development of single-tablet oral regimens for their therapies, addressing an epidemic that affects nearly 40 million people globally,” stated Amy Schulman, chief executive officer and co-founder of Lyndra. “At Lyndra, our commitment to HIV is foundational and we are delighted to continue to work with strong research and development partners such as the Bill & Melinda Gates Foundation and, now, Gilead.”

Gilead, based in Foster City, California, is paying Lyndra $15 million upfront to develop a formulation for HIV that can be taken once a week, as opposed to every day. Gilead will pick up exclusive rights to any product that comes out of the collaboration and Lyndra has agreed not to work with other companies on HIV medications. At this time, they have not chosen which drug to focus on.
The Boston Globe notes that Gilead’s Truvada, a blockbuster drug for HIV, was approved in 2004 and then approved in 2012 as the first preventive drug for healthy patients at high risk of acquiring HIV via sexual activity. But the company has also come under fire by activists for its Truvada pricing. The Pre-exposure Prophylaxis (PrEP) use of Truvada runs about $1,675 per month, coming to approximately $20,000 annually.
Gilead also faced a lawsuit in May in a San Francisco federal court by consumers alleging the company conspired with other pharma companies to prevent generic competition, even after its patents run out. Gilead has sued other companies that have tried to market generic versions of Truvada in the U.S.
Truvada’s U.S. patent protection ends in 2021. If Truvada is chosen for this deal with Lyndra, they could potentially file for additional patent protection that would prolong its coverage.

“This is exactly what pharmaceutical companies do,” Bruce Sunstein, a Boston intellectual property attorney told The Boston Globe. “They’re always interested in thinking of methods for extending their position.”
However, patents are a major issue in the biopharma industry, largely based on how long it takes for most drugs to go from inception to market, if ever. Earlier this year, The IQVIA Institute for Human Data Science released a new report titled, “The Changing Landscape of Research and Development: Innovation, Drivers of Change, and Evolution of Clinical Trial Productivity.” One of the findings was that the average drug takes 13.6 years to go from patent filing to launch.
Although biopharma companies use many legal strategies to extend the life of a drug’s patent, it’s clear that a majority of a drug patent’s lifespan doesn’t typically cover the years it’s on the market, but the years it’s in research and development.

Alnylam: NHS OKs use in England of treatment for hereditary amyloidosis

Alnylam UK Limited, the leading RNA interference (RNAi) therapeutics company, today welcomed a decision from
the National Institute for Health and Care Excellence (NICE) recommending the use of ONPATTRO (patisiran) on the NHS in England for the
treatment of a progressive, life-threatening disease called hereditary transthyretin-mediated amyloidosis (hATTR amyloidosis). Prior to this decision, there have been few treatment options available to patients with hATTR amyloidosis in England. Patisiran provides eligible patients suffering from this disease with a treatment option that addresses its underlying cause by reducing the production of an abnormal protein that damages nerves and organs across the body.

U.S. exempts some medical, electronic devices from China tariffs

The Trump administration will exempt 110 Chinese products, from medical equipment to key capacitors, from hefty tariffs, it said on Tuesday, offering relief to some U.S. firms which have said the taxes harm their bottom lines.
The relatively narrow exemption list will provide relief from 25% tariffs the United States slapped on $34 billion of Chinese imports on July 6, 2018, one of the first salvos in a bilateral trade battle that has roiled global supply chains and cost billions. The retroactive exclusions are effective as of that date, and extend for a year from Tuesday.
U.S. and Chinese negotiators are scheduled to resume talks this week after a two-month hiatus, a year since their tit-for-tat tariff battle began. Washington is pushing Beijing to remedy what U.S. officials see as decades of unfair and illegal trading practices.
The waivers by the U.S. Trade Representative’s office follow another 1,000 exemptions granted in the past year. The United States has levied tariffs on $250 billion worth of Chinese imports and has threatened to slap taxes on another $300 billion.
The threat was suspended after a late June meeting between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, in which they agreed to resume negotiations.
USTR has exempted a component in a Medtronic Plc (MDT.N) device used to treat liver tumors, one of 12 exclusion requests granted to the world’s largest medical device maker. The company argued that the R&D-heavy components, at most risk for intellectual property theft, were not produced in China.
Palo Alto Networks Inc (PANW.N), a cybersecurity firm, also received a waiver for one of the electronic components it imports from China, a tantalum capacitor used to control electrical flow in its network firewall equipment.
The company argued that substitutes were not produced in the United States and that the device did not fall under the high-tech aims of China’s “Made in 2025” industrial development program, which the Trump administration claims is unfairly subsidized and contributes to the theft of U.S. intellectual property.
Varian Medical Systems Inc (VAR.N) was also granted an exclusion for some of its radiotherapy equipment after arguing that the tariffs would only hurt them as no other good alternatives are available.

Varian said the tariffs would disadvantage it against its European rival.
In May, the USTR denied 5,311 of the almost 13,000 requests for exclusion.
Tesla Inc (TSLA.O) was denied exemptions for some Chinese-made circuitry for its vehicles. USTR said the components were “strategically important” to the “Made in China 2025” program.

Genmab readies stock offering

Genmab A/S (GMAB) has commenced a public offering of 27,800,000 ADSs, representing 2,780,000 ordinary shares.
Underwriters over-allotment is an additional 4,170,000 ADSs.
Net proceeds will be used for the development of its product candidates and to continue pre-commercial activities.
Pricing of the offering is expected during the week commencing on July 15.

Aerie completes enrollment in mid-stage netarsudil study in Japan

Several months ahead of schedule, Aerie Pharmaceuticals (NASDAQ:AERI) has completed the enrollment of 215 open-angle glaucoma/ocular hypertension patients in a Phase 2 clinical trial in Japan evaluating netarsudil ophthalmic solution 0.02% (branded as Rhopressa in the U.S.) in this population. Topline results should be available in Q4.
If successful, Phase 3 studies will follow.

FDA accepts Merck supplemental BLAs to update Keytruda dosing frequency

The FDA accepts for review six supplemental marketing applications from Merck (NYSE:MRK) to update the dosing frequency for Keytruda (pembrolizumab) to include a 400 mg dose infused over 30 minutes once every six weeks, double the time of the currently approved regimen.
The agency’s action date is February 18, 2020.

Altimmune up on acquisition of Spitfire Pharma

Thinly traded nano cap Altimmune (NASDAQ:ALT) is up 10% premarket on modest volume on the heels of its announcement that it has agreed to acquire Spitfire Pharma for up to $93M.
Under the terms of the deal, Spitfire shareholders will receive $5M in ALT common stock upfront, up to $8M in regulatory and clinical milestones (either cash or ALT stock) and up to $80M in sales-based milestones.
The top prize is pipeline candidate SP-1373 (to be renamed ALT-801), a GLP-1/Glucagon receptor co-agonist for the treatment of nonalcoholic steatohepatitis (NASH).
ALT hosted a conference call this morning at 8:30 am ET to discuss the transaction.