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Wednesday, December 11, 2019

Viela Bio initiates mid-stage VIB4920 study

Viela Bio (NASDAQ:VIEdoses the first patient in its Phase 2b trial of VIB4920 for the treatment of Sjögren’s syndrome.
Sjögren’s syndrome is a chronic, systemic autoimmune disease involving inflammation and destruction of the salivary and lacrimal glands which leads to severe dryness and chronic pain.
The primary endpoints of the 174-subject study are the changes from baseline at day 169 in two scales called EULAR and ESSPRI.
The estimated primary completion date of the trial is November 1, 2021.

STAAR Surgical closing in on launch of implantable lens study

STAAR Surgical (NASDAQ:STAAannounces that the FDA has signed off on its planned study evaluating its EVO/EVO+ VISIAN Implantable Collamer Lens for myopia and its EVO/EVO+ Toric Implantable Collamer Lens for myopia with astigmatism.
The trial should launch next quarter.

Proteostasis to initiate personalized CF study in Europe

Proteostasis Therapeutics (NASDAQ:PTIannounces positive, initial ex-vivo results of its proprietary cystic fibrosis transmembrane conductance regulator (CFTR) modulators, PTI-801, PTI-808, and PTI-428, in individuals with cystic fibrosis (CF) who are ineligible for the current standard of care due to their genotype.
The data are part of a pan-European strategic initiative, known as HIT-CF (Human Individualized Therapy of CF), which seeks to accelerate the development of personalized therapies for CF patients, for whom no currently approved CFTR modulator therapy is indicated.
HIT-CF collects tissue samples and develops organoids, or miniaturized organs, that are genetically identical to the patient donor, and share the same micro-anatomy as the organ from which they were derived.
Thus far, rectal organoids from over 300 subjects have been collected for functional profiling and of those, 65 have been tested for response to PTI’s investigational drugs.
Early results support the initiation of enrollment of responding subjects into HIT-CF’s clinical trial known as “CHOICES” (Crossover trial based on Human Organoid Individual response in CF – Efficacy Study), which is designed to evaluate the translation of organoid ex-vivo response to potential clinical benefit, such as changes in FEV1 and sweat chloride.
CHOICES should launch in mid-2020 with initial data expected by year-end.
Results from the HIT-CF project to date will be presented at the Keystone Symposia on Tissue Organoids taking place on January 19-23, 2020 in Vancouver, BC, Canada.
Shares up 17% premarket.

Qiagen down 1% premarket on lack of Siemens interest

Reuters reports that Siemens Healthineers has no interest in acquiring diagnostics outfit QIAGEN N.V. (NYSE:QGEN). In an interview, CEO Bernd Montag said “we are not looking for profitable niches, but for solutions for the large problems in the health sector.”
Last month, shares jumped on unconfirmed reports that Thermo Fisher Scientific was mulling a bid.
Shares are down 1% premarket on light volume.

Correvio to explore strategic alternatives after Ad Com snub

Correvio Pharma (NASDAQ:CORV) plans to explore strategic alternatives after yesterday’s negative vote from an FDA advisory committee on its application for Brinavess for the rapid conversion of recent onset atrial fibrillation in adults.
The Company is also taking steps to reduce operating costs outside the core European commercial business.
Shares down 57% premarket on robust volume.

Kiniksa Pharma up 7% premarket on Kite collaboration

Kite, a Gilead Company (NASDAQ:GILD) and Kiniksa Pharmaceuticals (NASDAQ:KNSA) have entered into a clinical collaboration to conduct a Phase 2, multicenter study of mavrilimumab, in combination with Yescarta (axicabtagene ciloleucel) in patients with relapsed or refractory large B-cell lymphoma.
The objective of the study is to determine the effect of mavrilimumab on the safety of Yescarta. Kite will be the sponsor of this study and will be responsible for its conduct.
Mavrilimumab is an investigational fully-human monoclonal antibody designed to antagonize GM-CSF signaling by binding to the alpha subunit of the GM-CSF receptor.
KNSA shares are up 7% premarket.

HCA fights CNN’s subpoena in defamation suit

Nashville, Tenn.-based HCA Healthcare is refusing to comply with an “over-broad subpoena” issued by CNN seeking information on a former company executive, according to the Nashville Post.
CNN is seeking the information in a defamation lawsuit brought against the news network by David Carbone, the former CEO of St. Mary’s Medical Center in West Palm Beach, Fla., which is part of Dallas-based Tenet Healthcare. Mr. Carbone worked at HCA prior to leading St. Mary’s Medical Center, according to the report.
The lawsuit alleges CNN ran a defamatory report about Mr. Carbone in 2015 that resulted in him losing his job. The story, “Secret deaths: CNN finds high surgical death rate for children at a Florida hospital,” allegedly misrepresented St. Mary’s Medical Center’s mortality rate for pediatric open-heart surgeries. After the report ran, public backlash forced the hospital to shut down its pediatric cardiothoracic surgery program. Mr. Carbone resigned as CEO of St. Mary’s Medical Center and filed the lawsuit after the program closed.
HCA is not a party to the defamation lawsuit, but CNN is requesting records related to Mr. Carbone’s time with the company. HCA is asking the court for a protective order to avoid the cost of complying with the request.
“Despite months of negotiations, CNN takes the position that it is HCA’s burden to shoulder the costs of compliance with its over-broad subpoena,” HCA lawyers wrote in a court memo, according to the Nashville Post. “HCA has respectfully moved the court for the protection the law affords subpoenaed third parties who find themselves in a position neither deserved nor justifiable.”