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Monday, July 15, 2019

Avrobio up on positive gene therapy data in Fabry

Thinly traded AVROBIO (AVRO +7.9%) is up on increased volume in early trade following its announcement of additional positive data and the first kidney biopsy results from its two ongoing clinical trials evaluating gene therapy candidate AVR-RD-01 in patients with an inherited disorder called Fabry disease, characterized by the buildup of a type of fat (globotriaosylceramide or Gb3) in the body’s cells.
Eight patients have been dosed to date, five in the Phase 1 FACTs study and three in Phase 2 FAB-201.
The primary endpoint in FAB-201 is the change from baseline in the average number of Gb3 inclusions per peritubular capillary as measured in a kidney biopsy one year post-treatment.
The first treated patient in FAB-201 showed an 87% reduction in Gb3 substrate in the kidney and an 87% reduction in plasma lyso-Gb3 at year one (data on the other two not provided). The first four in the Phase 1 study experienced plasma lyso-Gb3 reductions of 33 – 41% from baseline (data on the fifth not provided).
The treatment effect was sustained across multiple parameters. Kidney and cardiac functions were stable and in the normal range in the first Phase 2 patient at one year.
No new safety signals were observed.

LivaNova LifeSPARC Circulatory Support System Gets 510(k) Clearance

LivaNova PLC (NASDAQ:LIVN), a market-leading medical technology company, today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its new Advanced Circulatory Support (ACS) pump and controller, the LifeSPARC system. Derived from more than 20 years of life support experience with TandemLife, LifeSPARC begins a new chapter for ACS innovation within the LivaNova portfolio.
Built around a common compact console and pump, LifeSPARC provides temporary support for emergent rescue patients in a variety of settings. Designed for ease of use, the system offers more power and versatility for multi-disciplinary programs to support more patients. The system is accompanied by four specialized and ready-to-deploy kits, each designed to support diverse cannulation strategies.
“LifeSPARC is the new generation pump and controller for the venerable Tandem system – a small but powerful heart pump with a magnetic bearing, a low-profile controller and a highly simplified user interface. I believe many more patients will have access to this higher level of support for the first time,” said Dr. David Baran, System Director for Advanced Heart Failure Transplant and Mechanical Circulatory Support at Sentara Heart Hospital in Norfolk, Va. “In particular, small- and mid-sized hospitals, which have historically had limited access to this type of technology, may now be able to provide this potentially life-saving therapy to critically ill cardiac and respiratory failure patients in need of Advanced Circulatory Support. The overall versatility of the LifeSPARC system may help to propel Mechanical Circulatory Support programs forward.”

Teva: FDA Approves AirDuo Digihaler Inhalation Powder

Teva Pharmaceutical Industries Ltd. (TEVA) said the U.S. Food and Drug Administration approved AirDuo Digihaler Inhalation Powder.
That is a combination therapy digital inhaler with built-in sensors that connects to a companion mobile application for information on inhaler use to people with asthma.
AirDuo Digihaler is indicated for the treatment of asthma in patients aged 12 and older.
The approval of AirDuo Digihaler is based on the review of the supplemental new drug application Teva submitted to the FDA.

Zosano up premarket on positive Qtrytpa data

Nano cap Zosano Pharma (NASDAQ:ZSAN) is up 6% premarket on light volume in reaction to its announcement of positive data on migraine candidate Qtrypta (zolmitriptan). The results were presented at the American Headache Society Annual Scientific Meeting in Philadelphia.
Data from a questionnaire called Migraine-ACT from 294 patients were presented. 96% reported that Qtrypta worked consistently the majority of the time, 85% reported that their headache pain disappeared within two hours, 84% reported that they were able to function normally within two hours and 94% were comfortable enough with the medication to plan their daily activities.
Qtrypta is a patch worn on the skin that delivers zolmitriptan subcutaneously via drug-coated microprojections mounted on the facing of the patch.
The company plans to file a U.S. marketing application in Q4.

Livongo launches initial public offering

Livongo Health (LVGO) to offer 10.7M common stock to the public at an estimated price between $20.00 and $23.00 per share
Underwriters over-allotment is an additional 1.605M shares
The company has applied to list its common stock on the Nasdaq Global Select Market.

Caladrius up premarket on accelerated review status for CLBS12 in Europe

Thinly traded nano cap Caladrius Biosciences (NASDAQ:CLBS) is up 8% premarket on light volume on the heels of its announcement that the European Medicines Agency (EMA) has granted Advanced Therapy Medicinal Product (ATMP) status for cell therapy candidate CLBS12 for the potential treatment of critical limb ischemia (low blood flow to the lower extremities due to severely blockage of arteries).
Benefits of ATMP status include more intensive EMA guidance on development and fee reductions for regulatory advice.

Stoke started at Buy by Canaccord

Target $44