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Thursday, December 19, 2019

FDA clears expanded use of Bayer’s Medrad system

The FDA grants 510(k) clearance to Bayer’s (OTCPK:BAYRY +0.1%) MEDRAD Stellant FLEX Computed Tomography (CT) Injection System with Certegra Workstation for use in Contrast Enhanced Mammography (CEM).
The company says the use of iodine-based x-ray contrast agents in CEM enables better visualization of abnormalities in breast tissue that standard mammography may miss.

MacroGenics files U.S. application for margetuximab for HER2+ breast cancer

MacroGenics (MGNX +3.3%) has filed its U.S. marketing application seeking approval of margetuximab for the treatment of metastatic HER2-positive breast cancer (combined with chemo).
Interim late-stage data presented last week in San Antonio showed that median overall survival in patients receiving the combo was only marginally better (21.6 months vs. 19.8 months) that Roche’s Herceptin (trastuzumab) + chemo. The OS data are expected to mature in H2 2020.
Margetuximab is an HER2-targeting monoclonal antibody that the company is also developing for gastroesophageal cancer (in combination with a PD-1 inhibitor).

Novartis under fire for Zolgensma lottery

Patient groups are criticizing Novartis (NVS +0.9%) over its lottery-style program aimed at providing pricey gene therapy Zolgensma (onasemnogene abeparvovec-xioi) free-of-charge on a limited basis to SMA patients outside of the U.S. Patient advocates regard the program as inappropriate for a life-saving therapy for babies.
The company’s decision was based on advice from bioethicists concerned that creating complicated criteria would unfairly discriminate against some patients. It plans to distribute ~100 free doses each year contingent on production capacity.
About 1,600 children with SMA Type 1 live in Europe alone so global ex-U.S. demand dwarfs availability via lottery.
Zolgensma, approved by the FDA in March, is the world’s most expensive drug at $2.1M per dose.

Wright Medical up 2% on reports of Smith & Nephew bid

Wright Medical Group N.V. (WMGI +1.6%) perks up on over 40% higher volume in apparent response to reports that Smith & Nephew (SNN -0.6%) may try to top Stryker’s (SYK +0.1%$4B bid announced last month.

FDA takes another step to encourage copycat insulin products

The FDA has made another move to allow biosimilars get to market in the US more quickly, this time focused on insulins that currently fall though cracks in its regulatory framework.
At the moment, “chemically synthesised polypeptide” drugs like insulin are excluded from the FDA’s biosimilar or interchangeable product approval pathways, or the framework used for generic drugs as they are classed as biologics.
That means companies looking to develop biosimilars of these off-patent drugs have to file a full marketing application dossier, rather than being able to use the truncated and cheaper pathways available to other drugs.
“In March 2020 most protein products that were approved as drug products (including every insulin currently on the market) will open up to biosimilar and interchangeable competition,” says the FDA, and the current exclusion of polypeptides “could hurt potential competition.”
“Removing this exclusion will help patients because it provides the potential for chemically synthesised follow-on insulins and other protein products to come to market through more efficient abbreviated pathways, regardless of how they are manufactured,” said the agency.
“In addition [it] will help to promote potential innovation in manufacturing methods, which could lead to future efficiencies in manufacturing processes.”
The statement comes at a time when the cost of insulin products is being highlighted by some lawmakers as one area where the pharma industry is exploiting the public, maintaining high prices that can force diabetics to ration their use of the drugs.
It follows new draft guidance published at the end of last month that set out the FDA’s current thinking on the data that should be required for an abbreviated review for an interchangeable insulin product.
That focused in particular on clinical immunogenicity studies that are sometimes needed to make sure that copycat protein drugs made using different manufacturing processes don’t raise the risk of immune reactions.
Prior to the new guidance, the FDA’s position was that immunogenicity studies would be needed as a matter of course, but it is now considering removing that requirement, following the lead of the EMA in Europe which did away with them for biosimilars in guidance published in 2015.
At the moment there are only three approved ‘follow-on’ insulin products in the US, despite the large number of off-patent insulin analogues. Eli Lilly and Boehringer Ingelheim’s Basaglar (insulin glargine) – a version of Sanofi’s Lantus – was the first to reach the market in 2015.
Since then, it has been joined by Merck & Co’s insulin glargine follow-on Lusduna – delayed by litigation and reportedly abandoned by the company last year – as well as Sanofi’s Admelog (insulin lispro), a follow-on version of Lilly’s Humalog brand. Meantime, an insulin glargine product from Mylan has also been held up by a manufacturing issue.
Lilly recently also launched its own generic version of Humalog after being sharply criticised for its pricing policy of the brand.

Achillion shareholders back Alexion takeover

Achillion Pharmaceuticals (ACHN +0.3%) stockholders voted overwhelmingly in favor of Alexion Pharmaceuticals’ (ALXN +0.6%$6.30/share bid (~$930M).
The transaction includes contingent value rights (CVRs) that will pay out $1.00 per share triggered by the FDA nod for danicopan and $1.00 per share if a Phase 3 study of ACH-5228 is initiated.

Jazz Pharma in-licenses lung cancer candidate from PharmaMar

Jazz Pharmaceuticals (JAZZ +0.9%) inks an agreement with Spanish drug maker PharmaMar for exclusive U.S. rights to cancer med lurbinectedin, an inhibitor on oncogenic transcription (interferes with gene expression in cancer cells).
Under the terms of the deal, Jazz will pay PharmaMar $200M upfront, up to $250M in regulatory milestones, up to $550M in commercial milestones and tiered high teens-to-30% royalties on net sales. PharmaMar will be responsible for manufacturing and supply.
PharmaMar submitted a U.S. marketing application earlier this month seeking accelerated approval for relapsed small cell lung cancer, an Orphan Drug indication.