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Monday, December 9, 2019

Roche Extends Tender Offer for Spark Therapeutics

Roche Holding AG said Monday that it has extended the offer period for its planned takeover of biotechnology company Spark Therapeutics to Dec. 16.
Swiss pharmaceutical company Roche said the offer was extended to provide additional time for the U.S. Federal Trade Commission and the U.K. Competition and Markets Authority to complete their reviews of the pending acquisition.
The period for Roche’s offer of $114.50 per share has been extended several times and was set to expire on Dec. 10.
As of Dec. 6, around 14.9% of Spark’s outstanding shares had been tendered, according to Roche.

Marinus updates on ganaxolone in epilepsy

Marinus Pharmaceuticals (NASDAQ:MRNSannounces clinical and regulatory updates for its orphan seizure programs in tuberous sclerosis complex (TSC), CDKL5 deficiency disorder (CDD) and PCDH19-related epilepsy (PCDH19-RE).
The company intends to initiate a Phase 2 trial evaluating the safety and tolerability of ganaxolone in TSC in H1 2020. The study will enroll approx. 20-40 patients ages 2 to 65. The primary endpoint is percent change in 28-day primary seizure frequency through the end of the 12-week treatment period relative to the 4-week baseline period.
The European Medicines Agency has granted orphan drug designation for ganaxolone for the treatment of CDD.
Topline data from Phase 3 Marigold study evaluating the use of oral ganaxolone in children and young adults with CDD is expected in Q3 2020.
International site initiation and enrollment is continuing in Phase 3 Violet Study, evaluating oral ganaxolone in children with PCDH19-RE. The study will enroll up to 70 patients between the ages of 1 and 17. The Company remains on-track to report top-line data in 2021.

Kamada inks binding term sheet for hyper-immune globulin product

Kamada (NASDAQ:KMDA) has entered into a binding term sheet for a 12-year contract manufacturing agreement with an undisclosed partner to manufacture FDA approved and commercialized specialty hyper-immune globulin product.
The company expects to commence commercial manufacturing of the product in early 2023.
Based on the current market sales volume, the new product is estimated to add approx. $8M to $10M in annual revenues.
Kamada will continue to manufacture and sell KEDRAB as well as our other proprietary products.

KalVista’s KVD001 flunks mid-stage DME study

Thinly traded micro cap KalVista Pharmaceuticals (NASDAQ:KALV) slumps 20% premarket on average volume in reaction to unsuccessful results from a Phase 2 clinical trial evaluating KVD001 in diabetic macular edema (DME) patients who failed to respond adequately to previous anti-VEGF therapy.
KVD001, a small molecule plasma kallikrein inhibitor administered via intravitreal injection, failed to sufficiently separate from sham (placebo) as measured by best corrected visual acuity (BCVA) at week 16, the primary endpoint. Specifically, the relative effect of KVD001 on BCVA was +1.5 letters for the 3μg dose (p=0.465) and +2.6 letters (p=0.223) for the 6μg dose, both well short of statistical significance. No statistically valid differences were noted in key secondary endpoints either.
On a positive note, KVD001 showed protection against vision loss. 32.5% of participants in the treatment group experienced a reduction in vision compared to 54.5% in the sham group (p=0.042).
Merck (NYSE:MRK) has an option to acquire the rights to KVD001 under a 2017 agreement.

ArQule up 101% premarket on Merck bid

Merck (NYSE:MRK) has agreed to acquire ArQule (NASDAQ:ARQL) for $20 per share in cash, valuing the transaction at $2.7B.
ArQule’s lead candidate is ARQ 531, an oral BTK inhibitor in Phase 2 development for B-cell malignancies.
Shares up 101% premarket on robust volume.
Update: ARQL will host an investor event this morning starting at 8:00 am ET to discuss ARQ 531 data being presented at ASH. A conference call and webcast will start at 8:15 am ET. The ASH presentation of Phase 1 results is scheduled for today at 6:00 pm ET.

TG Therapeutics up 24% premarket on positive data on triple combo in leukemia

TG Therapeutics (NASDAQ:TGTX) is up 24% premarket on light volume on the heels of positive results from a Phase 1/2 clinical trial evaluating the combination of ublituximab, umbralisib (U2) and venetoclax in patients with relapsed/refractory chronic lymphocytic leukemia (CLL). The data were presented at ASH in Orlando.
The overall response rate (ORR) in evaluable patients was 87% (n=20/23) after U2 induction period at cycle 3, prior to treatment with venetoclax, including patients who failed to respond to AbbVie’s (NYSE:ABBV) Imbruvica (ibrutinib). The ORR was 100% (n=13/13) after cycle 7 of the triple combo.
U2 induction appeared to reduce the risk of tumor lysis syndrome (a large number of cancer cells die within a short period, releasing their contents in the blood, depressing calcium levels and affecting the function of certain organs) associated with venetoclax.
Ublituximab is an anti-CD20 monoclonal antibody. Umbralisib is a dual PI3K delta and CK1 epsilon inhibitor. Venetoclax, marketed as Venclexta by AbbVie and Roche (OTCQX:RHHBY), is a BCL-2 inhibitor.
Data from a Phase 3 study, UNITY-CLL, comparing U2 to Roche’s Gazyva (obinutuzumab) + chemo agent chlorambucil should be available in the coming months.
#ASH19

ASH: Consider Marrow Transplant for Sickle Cell Kids

Hematopoietic stem cell transplant for younger patients with sickle cell disease will get a boost in new American Society of Hematology (ASH) guidelines to be formally released next month, according to a preview presented here at the group’s annual meeting.
That’s just one from a suite of recommendations slated for publication by ASH in the next few weeks covering four major areas of sickle disease management. Besides stem cell transplant, these include transfusion support, cerebrovascular disease, and pain management.
They will follow a guideline covering management of pulmonary and kidney complications in sickle cell disease that saw publication last week.
Few of the forthcoming recommendations highlighted here will surprise clinicians who treat sickle cell patients, although some patients may be unhappy with the conclusions regarding opioid therapy.
Stem Cell Transplant
Like all the speakers, Courtney Fitzhugh, MD, of the National Heart, Lung, and Blood Institute in Bethesda, Maryland, led ASH attendees through the guideline panel’s recommendations on hematopoietic stem cell transplant (HSCT) using the so-called PICO approach. It begins with a patient vignette to illustrate a particular clinical question and, after walking through the evidence for each aspect raised in the case, presenting the guideline panel’s final recommendation.
In this case, Fitzhugh began with the case of a 19-year-old African-American male with numerous severe complications related to sickle cell disease, including a history of stroke, moyamoya disease, occasional vaso-occlusive crises, and iron overload from the more than 200 transfusion he’s received.
That was the basis for questions on HSCT: which type of preparative regimen (myeloablative, reduced-intensity myeloablative, or nonmyeloablative) as well as the available donor options.
Fitzhugh couldn’t address every permutation to these considerations in her allotted 10 minutes, but as an example, she went through the evidence regarding nonmyeloablative HSCT for patients with no matched sibling donor. It showed good outcomes, with 88% 2-year survival across 16 observational studies, with rates of acute and chronic graft-versus-host disease both in the 20% range.
Given that as late as 2015, median age of death for adults with sickle cell disease was still just 46, she said the guideline panel gave HSCT in this situation a “conditional recommendation,” meaning that most patients would probably accept it but many would reasonably not, and that the pros and cons should be discussed in detail with shared decision-making. She also noted the recommendation came with “very low certainty” regarding outcomes.
However, she also noted that age is a huge consideration. The weight of evidence indicates that outcomes are much better in patients younger than about 16. Thus, the guideline panel gave a strong recommendation (meaning few patients would be expected to reject the option) for transplant in these younger patients, though also with very low certainty.
Cerebral Infarct Screening
One common but often overlooked complication of sickle cell disease is “mini-strokes” triggered by clumping of sickled blood cells. Accumulation of these silent infarcts can eventually impair cognition, which in turn can have serious real-life problems.
As reviewed by Allison King, MD, MPH, PhD, of Washington University in St. Louis, pooled data from 10 studies of children with sickle cell disease showed a 5-point IQ deficit among those screening positive for silent infarcts compared with those with negative screens. The clinical result is that children can be classified as slow or lazy and adults may have trouble holding jobs, she said.
Silent infarcts are also strongly prognostic for future full-blown stroke, she noted.
Both effects are important because propensity to silent infarcts is treatable. A landmark trial of blood transfusions published in 2014 demonstrated that these significantly reduced incidence of infarcts. Thus, screening can produce actionable results.
That and other evidence led the guideline panel to give a strong recommendation, with moderate evidence quality, in favor of “a one-time, unsedated, MRI screening” for early school-age children with sickle cell disease or sickle “beta-zero” thalassemia who can otherwise tolerate such screening. Because the benefit of screening is less well established in adults with these conditions, it got only a conditional recommendation for patients beyond school age, King said.
Pain Management
In reviewing the forthcoming guideline on pain management, Patrick Carroll, MD, of Johns Hopkins University in Baltimore, spent most of his talk on the challenging — and controversial — topic of chronic pain management. He noted that many sickle cell patients who aren’t in “crisis” still complain of ongoing pain. These patients often wind up on opioids.
The lack of solid evidence for benefit from opioids in chronic non-cancer pain is legendary across medicine, and the ASH guideline panel found nothing to suggest one in chronic sickle cell pain. In fact, said Carroll, “no randomized controlled trials [are] available for any pharmacologic intervention for chronic pain” in sickle cell disease.
As a result, the guideline panel made no affirmative recommendation to use opioids for chronic sickle cell pain. The panel did leave the door open to use them in patients whose “pain is refractory to multiple other treatments,” meaning they should be prescribed only as a last resort (conditional recommendation, very low certainty).
However, the panel agreed that patients already on opioids to treat chronic sickle cell pain and who are doing well on them, i.e., able to perform activities of daily living and who support a pain reduction benefit, can stay on them (conditional recommendation, very low certainty), as long as clinicians stay on top of the situation. That includes developing a plan in collaboration with the patient to periodically evaluate how the drugs are working, with criteria for determining treatment failure and a roadmap for eventual cessation.
When opioids do fail, Carroll stressed, it’s important to withdraw them carefully, with patients’ full knowledge and support. And tapering opioids intended for chronic pain should not preclude using them to treat acute pain crises, he noted.
Transfusion Support
With blood transfusions a staple therapy for sickle cell disease, ASH recognized that this treatment brings with it a number of clinical questions. One of them is how closely the donor cells should match the patient’s, as mismatches can lead to a range of adverse effects.
Ross Fasano, MD, of Emory University in Atlanta, reviewed this challenge as addressed in the new guideline. His clinical vignette described a toddler whose test results covered 18 different measures of red blood cell phenotype — the question being, how many of these need to be matched? Is simple ABO/Rh matching good enough?
The answer, according to the panel, is that the latter is not good enough. The recommendation calls for prophylactic red cell matching for Rh (C, E, or C/c, E/e) and K antigens for patients receiving transfusions (strong, moderate certainty).
That’s not without limitations, Ross noted, including that no study has directly compared Rh-/K- antigen matching to ABO/RhD alone for alloimmunization risk or for patient-centered outcomes.
The panel also suggested that patients undergo “an extended red cell antigen profile by genotype or serology,” not just ABO/RhD typing, ideally prior to the first transfusion (conditional recommendation, very low certainty).
Next Steps
Robert Liem, MD, of the Lurie Children’s Hospital of Chicago, who co-chaired the guideline coordination panel that oversaw these efforts, said ASH had a multi-part plan to get the new guidelines into physicians’ hands and practice, for which publication in Blood Advances is only the beginning.
The society will produce teaching slide sets, infographics, webinars, and other materials for providers — including non-physicians — to aid in their practices. Also in development are lay-language patient education materials and decision aids for key recommendations.
ASH also plans to release an app-based version of the guidelines along with “pocket guides.” And where appropriate, ASH staff will use the guidelines in the group’s efforts to influence policy.
Liem noted that each panel included patient representatives who participated in every stage of the development process.
Liem, Fitzhugh, Carroll, and Fasano disclosed no relevant relationships with industry. King disclosed relevant relationships with Magenta Therapeutics, Incyte, Cell Works, Celgene, Bioline, Amphivena Therapeutics, Tioma Therapeutics, Novimmune, and WUGEN.