Search This Blog

Thursday, December 5, 2019

After Zantac scare, FDA targets generic metformin for carcinogen tests

After a global scare over carcinogen contamination in heartburn med Zantac, regulators are growing increasingly wary about other drugs that may have flown under the radar. Now, generic metformin, a Type 2 diabetes medication, could be next in the FDA’s firing line.
The FDA is testing samples of metformin for the probable carcinogen N-Nitrosodimethylamine (NDMA) that has already been tied to global recalls of generic and branded Zantac earlier this year and for “sartan”-based heart pressure drugs in 2018.
“The agency is in the beginning stages of testing metformin; however, the agency has not confirmed if NDMA in metformin is above the acceptable daily intake (ADI) limit of 96 nanograms in the U.S., FDA spokesman Jeremy Kahn said in an email. “These investigations take time. The FDA will communicate further information when we understand more of the situation and of what, if any, actions health care professionals and patients should take.”
Scrutiny over metformin, a generic drug produced globally, follows the global scare over NDMA contamination in Zantac this summer that led to industrywide recalls. In November, the FDA put out what amounted to a confidence-booster for the drug, saying that the agency’s testing found NDMA amounts comparable to that found in “grilled or smoked meats.”
But the ball could already be rolling on metformin after the Singaporean Health Sciences Authority announced Wednesday it had recalled three of 46 versions of the drug sold in the country after finding NDMA above the “internationally acceptable amount.”
The authority said the risk to patients taking those products was low because those products had been supplied locally for only a short time.

The European Medicines Agency has also said it is testing metformin samples for NDMA and has so far found no unsafe levels of the contaminant, Bloomberg reported.
Whether drugmakers follow their own example on metformin as they did with Zantac––including global distribution halts and recalls––has still yet to be seen. However, the ongoing scrutiny over that drug continues to play out among global regulators.
On Wednesday, the FDA said all producers of Zantac (ranitidine) and nizatidine should test lots of the drugs for NDMA before shipping to consumers. If unacceptable levels of NDMA are found, the results should be reported to the FDA and not put out on the market, the administration said.
“We continue to work with industry and regulatory agencies around the world to determine the reasons for NDMA in these drugs and have developed and posted multiple testing methods to identify NDMA in (Zantac),” the FDA said in a release.
Drugmakers and retailers began pulling lots of generic and brand Zantac off the shelves after online pharmacy Valisure alerted the FDA and the industry to the presence of NDMA in Zantac in September. Valisure also filed a Citizen Petition with the FDA seeking to have the agency pull ranitidine drugs from the market and create viable tests for NDMA in them. NDMA is one of three impurities the FDA discovered last year in sartan blood pressure meds that led to a global recall.
In mid-October, drugmakers including GlaxoSmithKline––the original producer of branded Zantac––Sanofi, Teva, Dr. Reddy’s Laboratories and others opted to pull the drug off the market. Retailers including Wal-Mart, CVS, Walgreens and Rite Aid also decided to clear the drugs off their shelves.

Hospital operators file suit against proposed price transparency rule

As expected, hospital groups filed a lawsuit yesterday in Washington, DC aimed at blocking a proposed Trump administration rule requiring them to disclose negotiated rates with payers. The industry turned to the courts after intensive lobbying efforts came up empty.
The legal route has already paid dividends to hospitals. About a year ago, they blocked the administration from cutting Medicare payments for certain drugs. In September, a judge ordered the administration to stop Medicare cuts to doctors who see certain patients in some hospital clinics (the cuts targeted higher prices paid to some hospital clinics for the same care delivered in non-hospital clinics).
The transparency rule is set to take effect in 2021 if upheld.
Related tickers: XLVHUMUHSTHCHCACYHUNHWCGMOHCICNCANTMCVS

Akers Strategic Review Explores Entering Hemp, Cannabinoid Processing Industry

Akers Biosciences, Inc. (the “Company” or “we”) (NASDAQ: AKER), a developer of rapid health information technologies, today announced that it will continue its strategic review and has identified the hemp and minor cannabinoid sectors as promising adjacent opportunities that could benefit from Akers’ core competencies. The company is exploring how to leverage its 30 years of operational history in its medical device business, where its current products have U.S. Food and Drug Administration (FDA) clearance, its current operations practice Good Manufacturing Processes (cGMP), its medical device facility is certified under ISO 13485 – 2016 and the facility carries an Analytical Lab Certification for Schedules 2, 3, 4 and 5 controlled substances issued by the U.S. Drug Enforcement Administration (DEA) and the State of New Jersey.
The Company has an extensive history in the development, production, and distribution of rapid screening and testing products designed to deliver medical information to healthcare providers. We believe that recent public statements by regulators, including the FDA, expressing concerns about the safety of certain cannabidol products on the market creates an opportunity for a company like Akers, with experience in manufacturing and developing safe diagnostic tools, to pursue this opportunity, and help develop new safe products derived from cannabinoids.
Akers has also formed an Advisory Board with expertise in the hemp and minor cannabinoid industry to assist the Board of Directors in its strategic review including, potentially, the extraction, testing, purification and formulation of safe cannabinoids within the hemp industry. The Advisory Board may also explore a pathway to consumer products with a focus on minor cannabinoids.
The Company intends to work closely with its new Advisory Board members Bob Hoban and Michael Patterson, as well as its own legal counsel. Hoban is the President and Founder of Hoban Law Group which is a full-service law firm specializing in ‘cannabusiness.’ Hoban won the landmark Cannamart case in 2010 which led to Colorado’s commercial cannabis regulatory system in 2011. Patterson is a Health Care executive with over 25 years of experience who is currently the Chief Executive Officer of U.S. Cannabis Pharmaceutical Research and Development LLC. Michael is a subject matter expert in the Global Cannabis Industry and a Board member of the American Journal of Endocannabinoid Medicine.

BioLineRx reports interim data on BL-8040 combo in pancreatic cancer

Preliminary data from a Phase 2a clinical trial, COMBAT/KEYNOTE-202, evaluating BioLineRx’s (NASDAQ:BLRX) lead oncology candidate BL-8040, combined with Merck’s Keytruda and chemo, in metastatic pancreatic cancer patients showed a positive effect (these patients are highly treatment-resistant).
The results are being discussed at its Investor & Analyst Event today in New York and will be presented at ESMO IO next week in Geneva.
In 15 evaluable patients, there were four partial responders and eight with stable cancer, implying a disease control rate of 80%.
Median progression-free survival and overall survival (OS) have not yet matured. OS data should be available in mid-2020.
No new safety signals were reported.

Axsome and Marinus go opposite ways on SAGE-217 miss

Marinus Pharmaceuticals (NASDAQ:MRNS) is up 3% premarket while Axsome Therapeutics (NASDAQ:AXSM) is down 8% following Sage Therapeutics’ failed Phase 3 study of SAGE-217 in major depressive disorder (MDD).
SAGE is down 62% premarket.
SAGE-217 is a next-generation GABA modulator, specifically, a neuroactive steroid.
Marinus is developing ganaxolone, also a GABA modulator, for postpartum depression.
Axsome is developing AXS-05, an NMDA receptor agonist, for MDD.

Not All Negative Emotions Are Problems

I recently spoke with an experienced, insightful trader who was experiencing performance anxiety.  He was so concerned with losing money that he failed to follow his own rules regarding entering positions, taking profits, etc.  As a result, he chronically felt frustrated, because his ideas were good, but his trading was mediocre.
It turns out that this trader had a pretty small account and was trying to use his trading to support himself and his family.  As a result, he was taking positions that were quite large–quite leveraged–relative to his capital base.  This ensured that, if he had a normal and expectable run of losing trades, his account would draw down meaningfully.
He knew that he could not afford to draw down significantly, so he was caught between a rock and a hard place.  He had to take risk to make the money he needed; he could not lose much of the money at all.
In such a case, anxiety is a normal and healthy response.  It is information, not a problem.  It is telling us that the trader’s goals are not realistic and are placing too much pressure on him and his performance.  He either needs to find other ways to support his family while developing his trading or find a position as a funded trader.  Most important, he needs to trade without the fear of risk of ruin.
Many times, the negative emotions of rational people are themselves rational responses to irrational situations.  If a spouse experiences emotional abuse from a partner, reactions of fear and anger are normal and natural–and they are telling us something!  Negative emotions can become prods to get us to look at our circumstances and expectations and make constructive changes in those.  Too often, we look to rid ourselves of negativity rather than looking into it and learning from it.

Aptinyx launches mid-stage NYX-458 study

Aptinyx (NASDAQ:APTXinitiates a Phase 2 clinical study of its NMDA receptor modulator, NYX-458, for the treatment of mild cognitive impairment associated with Parkinson’s disease.
Top-line data from the 135-patient study are expected in H2 2021.
The study will evaluate daily oral dosing of NYX-458 – 10 mg, 30 mg, or 100 mg – compared to placebo over a 12-week period.
The effects of NYX-458 on cognitive performance will be evaluated across multiple endpoints related to attention, memory, executive function, visuospatial deficits, and patient quality of life.
Shares are up 3% premarket.