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Monday, September 9, 2019

Neurotrope shares crash after Alzheimer’s drug fails in trial

Drug developer Neurotrope Inc’s shares tumbled nearly 80% on Monday after the company said its experimental treatment for Alzheimer’s disease did not meet the main goal of a mid-stage study.
This is the second time in just over two years that the treatment – Bryostatin-1 – failed to meet its targets, raising questions about the drug’s future. (reut.rs/2kCiDyh)
The treatment, Bryostatin-1, did not show any significant difference in patients after 13 weeks compared with those on placebo, the company said on Monday.

Neurotrope said it intends to conduct a complete review of the data to determine next steps in the treatment’s development.
Alzheimer’s disease, which affects parts of the brain that control thought, memory and language, is a progressive condition that could seriously disrupt a patient’s ability to carry out daily activities.

Several drugmakers such as Eli Lilly, AstraZeneca Plc, Roche AG, Pfizer Inc, Merck and Co Inc and Johnson and Johnson have all previously failed in their attempts to develop treatments for the memory-robbing disease.

Flexion in-licenses pain candidate from Xenon Pharma for up to $128M

Flexion Therapeutics (NASDAQ:FLXN) inks an agreement with Xenon Pharmaceuticals (NASDAQ:XENE) for global rights the latter’s NaV1.7 inhibitor XEN402 (now called FX301) for the potential management of postoperative pain via peripheral nerve blockade.
Flexion will be formulated for extended release on the basis of a thermosensitive hydrogel that forms shortly after the liquid is injected. Clinical trials should commence in 2021.
Under the terms of the deal, Flexion paid Xenon $3M upfront and will pay up to $9M in development and regulatory milestones through Phase 2, up to $40.75M in late-stage development and regulatory milestones, up to $75 in commercial milestones and mid-single-digit to low-double-digit royalties on net sales. Flexion will also assume the payment of low single-digit sales royalties to Teva Pharmaceuticals International GmbH.

Theravance inhalable lung med shows encouraging action in early-stage study

Initial data from a Phase 1 clinical trial evaluating single and multiple ascending doses of Theravance Biopharma’s (TBPH -0.1%) inhalable JAK inhibitor TD-8236 in healthy volunteers and patients with mild asthma showed a favorable safety profile.
Single doses up to 4,500 mcg in healthy subjects and daily doses of up to 4,000 mcg for seven consecutive days in mild asthma sufferers were generally well-tolerated with no evidence of local irritation or bronchoconstriction. Most adverse events were mild and all were resolved by follow-up visits.
On a pharmacokinetic basis, plasma levels of TD-8236 were several orders of magnitude below those predicted to cause systemic pharmacological activity (therapeutic effect should be restricted to the lungs).
The company has initiated a Part C extension portion that will assess a range of additional biomarkers in patients with more severe asthma. A Phase 2 lung allergen challenge study will also be launched.

Ipsen’s Onivyde shows positive action in mid-stage lung cancer study

Initial data from Part 1 of a Phase 2/3 clinical trial, RESILIENT, evaluating Ipsen’s (OTCPK:IPSEY -1.4%) Onivyde (irinotecan liposome injection) in small cell lung cancer (SCLC) patients who progressed following initial treatment with platinum-based chemo showed a treatment effect. The results were presented at the World Conference on Lung Cancer in Barcelona.
Part 1, focused on dose-finding and dose escalation, enrolled 30 subjects who were treated every two weeks for more than 12 weeks. Dose-limiting toxicity was observed in the five patients who received the 85 mg/m2 dose. A lower dose of 70 mg/m2 was tolerable in 12 patients. As of the May 8 data cutoff date, 25 patients had received the lower dose.
The objective response rate was 44% (n=11/25), all partials, while 68% (n=17/25) experienced tumor shrinkage. Seven patients showed stable cancer implying a disease control rate of 72% (18/25). Survival and progression-free survival data are still maturing.
On the safety front, the rate of serious or greater treatment-emergent adverse events (TEAEs) was 40% (n=10/25). Diarrhea (20%) was the most common serious TEAE (n=5/25). Other serious/life-threatening TEAEs were neutropenia (n=4), anemia (n=2) and thrombocytopenia (n=2).
Part 2 has just been initiated.
The FDA approved Onivyde in October 2015 for pancreatic cancer.
The company owns exclusive commercialization rights for all indications in the U.S. Servier owns development and commercialization right ex-U.S. and Taiwan.

Allergan and J&J sue to block generic encroachment on IBS med Viberzi

Johnson & Johnson (JNJ -1.1%) unit Janssen and Allergan (AGN -0.7%) have filed a lawsuit in Delaware claiming that Aurobindo Pharma’s U.S. marketing application seeking approval for a generic version of irritable bowel syndrome (IBS) med Viberzi (eluxadoline) infringes on eight patents owned by J&J and exclusively licensed to Allergan. Seven of the patents expire in March 2025 and the other in March 2028.
Litigation is standard operating procedure for branded drug makers to delay generic competition since it automatically triggers a 30-month stay on FDA approval to allow for time to adjudicate the matter.

FDA cracks down on Juul marketing

The FDA sends a warning letter to Juul Labs (JUUL) on the sale and distribution of modified risk tobacco products.
The agency says Juul illegally promoted its e-cigarettes as less harmful than cigarettes and orders the company to correct the marketing practices.
“Regardless of where products like e-cigarettes fall on the continuum of tobacco product risk, the law is clear that, before marketing tobacco products for reduced risk, companies must demonstrate with scientific evidence that their specific product does in fact pose less risk or is less harmful,” notes Acting FDA Commissioner Ned Sharpless in the missive.
Some sort of action by the FDA was widely anticipated for this week. Shares of Altria (MO +0.4%) are holding up fine.

Slovakian biotech firm signals tentative Alzheimer’s drug hope

An Alzheimer’s vaccine developed by a privately held Slovakian biotech firm showed early signs of efficacy in a mid-stage trial, a rare step forward in the fight against the brain-wasting disease, the company said on Monday.
Axon Neuroscience said its AADvac1 drug, which targets pathological changes in the brain to the so-called tau protein that is a hallmark of the disease, slowed deterioration in trial patients when compared with a reference group given a placebo.
The search for an effective drug against Alzheimer’s dementia, which affects about 5.8 million Americans, has so far resulted in a string of high-profile failures, many in the third and last phase, despite the involvement of several major pharmaceutical players.
The close-to-200 participants in the Axon trial, in eight European countries, were between 50 and 85 years of age and had shown early signs of the disease, which affects memory and language as it progresses.
Among younger participants in the trial, a number of assessments of cognitive abilities, including memory, orientation and performing everyday tasks, showed “positive signals” for those on AADvac1 versus those that were not, Axon said.
A blood test measuring neurodegeneration, known as Neurofilament Light Chain (NfL), indicated a “marked slowdown” of deterioration across the age range, it said, adding that the reading was statistically reliable.
The trial was in the second of three phases of testing typically required for regulatory approval.
Axon would now look to sign a collaboration agreement with a global drug company to fund larger trials in the third phase of testing, which is typically the most costly, it said.
AADvac1 was shown to be safe and well-tolerated in the 24-month trial, Axon added.

“These results, which strongly reveal a disease-modifying effect on the disease, underpin our confidence to take the next steps in bringing a life-changing treatment to patients as soon as possible,” Chief Executive Michal Fresser said in the statement.
Axon was established in 1999 with Slovakian neuroscientist Michal Novak, who had previously worked at the University of Cambridge, among other institutions, as a co-founder.
Backed by Slovakian businessman Mario Hoffmann, Axon has a staff of about 110, most of whom are based in Bratislava.
Finding an effective treatment for Alzheimer’s is a compelling target for drugmakers, as the numbers affected across the globe swell with an aging population.
Among the most recent setbacks in the search for a cure, Biogen and partner Eisai ended two late-stage trials in March, wiping billions off their market value. Similarly, Roche and partner AC Immune SA in January gave up on two trials they had held high hopes for.
The failures undermined the so-called amyloid beta treatment hypothesis, in which protein plaques in the brain are believed to play a pivotal role in the disease.
Attempts to target tau, another protein that is more closely linked with the onset of Alzheimer’s symptoms, have come to the fore but trials are at early stages.
Companies with tau drugs in development include Roche, AC Immune, Biogen and Eli Lilly.

Alzheimer’s treatments currently available can only ease the symptoms of the disease, without slowing progression.
AADvac1 is designed to prevent malformed tau proteins from spreading and sticking together in Alzheimer’s patients’ brains, keeping them from forming tangles that disrupt signaling between nerve cells.