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Monday, October 21, 2019

OPKO, Pfizer: Positive Phase 3 Top-Line for Growth Hormone Deficiency Therapy

OPKO Health Inc. (NASDAQ: OPK) and Pfizer, Inc. (NYSE: PFE) announced today that the global Phase 3 trial evaluating somatrogon dosed once-weekly in pre-pubertal children with growth hormone deficiency (GHD) met its primary endpoint of non-inferiority to daily GENOTROPIN® (somatropin) for injection, as measured by annual height velocity at 12 months.
Top-line results from the study demonstrated that treatment with somatrogon dosed once-weekly in pre-pubertal children with GHD was non-inferior to somatropin dosed once-daily with respect to height velocity at 12 months of treatment (the primary endpoint); the least square mean was higher in the somatrogon group (10.12 cm/year) than in the somatropin group (9.78 cm/year); the treatment difference (somatrogon – somatropin) in height velocity (cm/year) was 0.33 with a two-sided 95% confidence interval of the difference of (-0.39, 1.05). In addition, change in height standard deviation scores at six and 12 months, key secondary endpoints, were higher in the somatrogon dosed once-weekly cohort in comparison to the somatropin dosed once-daily cohort. Moreover, at six months, change in height velocity, another key secondary endpoint, was higher in the somatrogon dosed once-weekly cohort in comparison to the somatropin dosed once-daily cohort. These common measures of growth are employed in the clinical setting to measure the potential level of catch-up growth that subjects may experience relative to heights of age and gender matched peers.
Somatrogon was generally well tolerated in the study and comparable to that of somatropin dosed once-daily with respect to the types, numbers and severity of the adverse events observed between the treatment arms. Immunogenicity testing and analysis of additional data are ongoing, and full results of the study will be submitted for presentation at a future scientific meeting.

Henry Schein To Be Dismissed From Summit County, Ohio Opioid Litigation

Company to Make Donation to Establish Pain Management Education Foundation
Henry Schein, Inc. (Nasdaq: HSIC) announced today that the plaintiff has agreed to dismiss the Company with prejudice as a defendant in the opioid litigation involving Summit County, Ohio, presently before the U.S. District Court for the Northern District of Ohio.
“The opioid crisis is a terrible national tragedy, and all segments of society need to come together to address the crisis,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer, Henry Schein, Inc. “We look forward to playing a constructive role in helping to advance solutions that put an end to opioid addiction. Henry Schein will make a $1 million donation to establish an educational foundation with Summit County to develop best practices regarding the proper use and prescription of opioids.”
Henry Schein, working with Summit County, will make the donation to a Pain Management Education Foundation dedicated to making grants supporting and aggregating research around best practices for pain management, including the prescription of opioids and alternatives, and educating dentists and physicians, clinical associates, patients, and patient networks on those best practices along with the risks of opioid addiction and alternative pain management treatment options for key indications.
Henry Schein will pay $250,000 of Summit County’s expenses.
https://www.biospace.com/article/releases/henry-schein-to-be-dismissed-from-summit-county-opioid-litigation/

FDA Action Alert: Foamix, Eton, Adamis and RedHill

We round out the month of October and start the month of November with four PDUFA dates on the U.S. Food and Drug Administration (FDA)’s calendar. Here’s a look.
Foamix Pharmaceuticals FMX103 for Acne
Foamix Pharmaceuticals has a target action date of October 20 for its FMX101 to treat inflammatory lesions of non-nodular moderate-to-severe acne vulgaris. The drug’s New Drug Application (NDA), as FMX103 (minocycline topical foam 1.5%) for moderate-to-severe papulopustular rosacea in adults, has also been submitted and was accepted on October 17. The second application has a target action date of June 2, 2020.
On Friday, October 13, the FDA approved the NDA for FMX101.
FMX101 (4% minocycline foam) is a tetracycline-class antibiotic. The company’s technology platform is called the Molecule Stabilizing Technology (MST) that reengineers topical treatments. Tetracyclines are the most common treatment for acne, but they’re only available in oral dosages. Foamix’s tech platform results in topical tetracyclines.
Eton Pharmaceuticals’ ET-202 Ready-to-Use Phenylephrine
Eton Pharmaceuticals has a target action date of October 21 for its ET-202, its ready-to-use hospital formulation of phenylephrine. Phenylephrine is a decongestant, but for hospital use as an injectable, is used to treat hypotension (low blood pressure) that might occur during surgery. Phenylephrine injectable is only available in concentrated versions that require dilution prior to administration. Hospitals typically purchase non-FDA approved ready-to-use products from compounding laboratories or manually dilute them in-house. ET-202 is a ready-to-use formulation that would not require dilution.
Adamis Pharmaceuticals’ Zimhi for Opioid Overdose
Adamis Pharmaceuticals has a target action date of October 31 for its Zimhi (naloxone) injection to treat opioid overdoses. Zimhi is a naloxone injection to treat opioid overdose. It utilizes the Symject syringe drug delivery system used in the company’s approved Symjepi product for emergency treatment of allergic reactions.
In June, Adamis amended its New Drug Application (NDA) for Zimhi, removing any reference to Kaleo’s Evzio and withdrawing a Paragraph IV certification related to that product. Then, on August 8, the company indicated it was running additional pharmacokinetic (PK) studies comparing Zimhi and a relevant comparator. That PK data was recorded and forwarded in September to the FDA. The PDUFA date remained October 31.
RedHill Biopharma’s Talicia for H. pylori Infection
RedHill Biopharma has a target action date of November 2 for its Talicia (RHB-105) for H. pylori infection. It was approved under Priority Review designation. H. pylori bacterial infection affects about half of the global population and about 35% of the U.S. population. It is classified as a Group I carcinogen and is the strongest risk factor for the development of gastric cancer and a major risk factor for peptic ulcer disease and gastric mucosa-associated lymphoid tissue (MALT) lymphoma.
Talicia is a novel and proprietary fixed-dose, all-in-one oral capsule combination of two antibiotics, rifabutin and amoxicillin, and a proton pump inhibitor (PPI), omeprazole. It is designed to deal with increasing antibiotic resistance of H. pylori.
The NDA was built on the results from two successful Phase III trials in the U.S. The ERADICATE Hp2 confirmatory Phase III trial hit its primary endpoint, showing 84% eradication of H. pylori infection from the drug. The ERADICATE Hp first Phase III study also hit its primary endpoint, showing 89.4% efficacy in eradicating H. pylori infection.
https://www.biospace.com/article/fda-action-alert-foamix-eton-adamis-and-redhill/

Zynerba started at Buy by Needham

Target $18
https://www.benzinga.com/stock/ZYNE/ratings

Zogenix started at Buy by Needham

Target $58
https://www.benzinga.com/stock/ZGNX/ratings

Shockwave Medical started at Overweight by Piper

Target $39
https://www.benzinga.com/stock/SWAV/ratings

Danaher to sell certain businesses to Sartorius for $750M

Danaher (NYSE:DHR) has signed an agreement to sell its label-free biomolecular characterization, chromatography hardware and resins, and microcarriers and particle validation standards businesses to Sartorius AG (OTC:SARTF) for ~$750M.
The agreement was signed as a step towards obtaining regulatory approval for its pending acquisition of the GE Biopharma business.
The transaction is expected to be closed in Q1 2020.
https://seekingalpha.com/news/3507146-danaher-sell-certain-businesses-sartorius-750m