Search This Blog

Monday, February 3, 2020

Passage Bio on deck for IPO

Passage Bio (PASG) has filed a prospectus for a $125M IPO.
The Philadelphia-based biotech develops gene therapies to treat rare single-gene disorders affecting the central nervous system.
Lead candidates are: PBGM01 for GM1 gangliosidosis, PBFT02 for frontotemporal dementia and PBKR03 for Krabbe disease.
One of the founders is University of Pennsylvania’s James Wilson, a pioneer in gene therapies.
2019 Financials: Operating Expenses: $37.2M (+176%); Net Loss: ($45.6M) (-256%); Cash Burn: ($39.9M) (-115%).
https://seekingalpha.com/news/3537426-passage-bio-on-deck-for-ipo

Novel compound is promising drug candidate for Alzheimer’s

A newly identified compound is a promising candidate for inhibiting the production of amyloids, the abnormal proteins that form toxic clumps, called fibrils, inside the brains of patients with Alzheimer’s disease. As published today in the Royal Society of Chemistry’s Chemical Communications, the compound—known as “C1″—uses a novel mechanism to efficiently prevent the enzyme gamma-secretase from producing amyloids.
Amyloid fibrils are largely composed of the peptide Amyloid beta, which is produced when enzymes, including gamma secretase, make cuts to the found in high concentrations the membrane of brain cells. C1 is a covalent gamma-secretase inhibitor that blocks the active site on the precursor protein where gamma-secretase would bind to transform it into amyloids, rather than—as traditional enzyme inhibitors do—blocking the on gamma-secretase itself.
“Historically, for gamma secretase inhibitors failed because traditional enzyme inhibitors have severe side effects. They stopped all of the normal functions of gamma secretase,” said Chunyu Wang, a professor of biological sciences and member of the Center for Biotechnology and Interdisciplinary Studies (CBIS) at Rensselaer Polytechnic Institute. “Our compound binds to the cleavage site of the precursor protein instead of the enzyme itself, which may avoid many problems associated with traditional enzyme inhibitors.”
In 2018, with support from the Warren Alpert Foundation, Wang began screening drugs to identify a compound that targets the precursor protein substrate, which would block the activity of involved in amyloid production while allowing all other functions. He began the search with “in silico screening,” using computer modeling to test tens of millions of compounds.
C1 was one of several candidates to emerge from that screening. As described in the paper, C1 blocks amyloid production with high efficiency when present at micromolar concentrations, both in test tubes and in cell culture. The research is patent pending.
C1 is a covalent inhibitor, meaning it forms a chemical bond with its target. Wang said that because of their permanent bond, covalent inhibitors are more durable than their non-covalent counterparts. Covalent inhibitors make up about one-third of the drug market, even though they have traditionally been viewed as having a higher risk of causing immune reactivity. In recent years, there is surge in the development of covalent inhibitors, as more highly specific covalent inhibitors showed excellent efficacy towards challenging drug targets.
“With a new approach to tackling the principal pathology of Alzheimer’s disease, Chunyu’s work is generating a fresh roster of drug candidates with enormous promise,” said Deepak Vashishth, the director of CBIS. “His works speaks to the power of the interdisciplinary culture of research at CBIS, and we are pleased with this early result.”

Explore further
Researchers work to block harmful behavior of key Alzheimer’s enzyme

More information: “Substrate Interaction Inhibits gamma-secretase Production of Amyloid-B peptides,” Chemical Communications (2020).

Zika vaccine induces potent Zika and dengue cross-neutralizing antibodies

A new study led by scientists at the Walter Reed Army Institute of Research has shown for the first time that a single dose of an experimental Zika vaccine in a dengue-experienced individual can boost pre-existing flavivirus immunity and elicit protective cross-neutralizing antibody responses against both Zika and dengue viruses. Findings were published today in Nature Medicine.
Researchers analyzed the of a -experienced volunteer who participated in a Phase 1 clinical trial of the WRAIR-developed Zika purified inactivated . They identified a potent cross-reactive antibody called MZ4 that demonstrated a potent ability to neutralize the Zika virus as well as the dengue virus serotype-2 strain. In addition, MZ4 protected against Zika and dengue in a mouse model of infection.
“Rapid-onset countermeasures are needed to protect military personnel, travelers and residents in areas where emerging infections such as Zika and are already widespread and expanding,” said Dr. Kayvon Modjarrad, who leads the U.S. Army Zika vaccine program, directs the Emerging Infectious Diseases Branch at WRAIR and is one of the lead authors on the paper. “These results demonstrate the potential for MZ4 to be part of the prevention toolbox for these diseases.”
The individual’s immune profile was compared to trial volunteers who had no previous exposure to dengue virus. While the volunteer with prior dengue exposure experienced a sharp increase in antibodies that neutralize Zika and dengue viruses, following just one dose of the ZPIV vaccine, the dengue-naïve trial participants required two vaccinations to reach a similar magnitude of Zika antibody responses. Additionally, no cross-reactive antibody response to dengue virus.
“These new findings indicate that an effective Zika vaccine could both boost dengue virus immune responses and generate potent Zika neutralizing antibodies that might have unique potential as a prevention tool in regions where both dengue and Zika are prevalent,” said Dr. Shelly Krebs, a B cell researcher at WRAIR and senior author of the paper.
Building on these findings, researchers used samples from another Phase 1 study of the ZPIV vaccine currently being conducted in Puerto Rico, where there is a higher risk of exposure to flaviviruses, a family of viruses that includes Zika, dengue, Japanese encephalitis, yellow fever and West Nile viruses. WRAIR researchers found that vaccination with ZPIV in Puerto Rican individuals with prior flavivirus-experience yielded similar cross-neutralizing potency after a single vaccination, highlighting the potential benefit of ZIKV vaccination in flavivirus-endemic areas.
Asymptomatic Zika infections can lead to severe birth defects and neurologic complications. The ZPIV vaccine candidate was developed by WRAIR based on the same inactivated flavivirus vaccine technology the Institute used to create its Japanese encephalitis vaccine, which was licensed in the U.S. in 2009. Three Phase 1 have shown ZPIV to be safe and well-tolerated in healthy adults and that it induced a robust immune response (Modjarrad et al., 2018). WRAIR’s Zika efforts are ongoing, overseen by the Institute’s Emerging Infectious Diseases Branch.

Explore further
Vaccine candidates protect against Zika virus in rhesus monkeys

More information: Potent Zika and dengue cross-neutralizing antibodies induced by Zika vaccination in a dengue-experienced donor, Nature Medicine (2020). DOI: 10.1038/s41591-019-0746-2 , https://nature.com/articles/s41591-019-0746-2

Analyst action, Feb. 3

Bluebird bio (NASDAQ:BLUE) initiated with Buy rating and $120 (56% upside) price target at Bank of America. Upgraded to Outperform with a $100 price target at Evercore ISI. Shares up 2% premarket.
Centene (NYSE:CNC) initiated with Outperform rating and $90 (43% upside) price target at Evercore ISI. Shares up 1% premarket.
Myovant Sciences (NYSE:MYOV) initiated with Neutral rating and $15 (18% upside) price target at Citigroup.
Merit Medical Systems (NASDAQ:MMSI) upgraded to Outperform with a $43 (18% upside) price target at Raymond James. Shares up 2% premarket.
CRISPR Therapeutics (NASDAQ:CRSP) downgraded to In Line with a $52 (flat) price target at Evercore ISI. Shares down 3% premarket.
Eyenovia (NASDAQ:EYEN) downgraded to Market Perform at Oppenheimer. Shares down 3% premarket.
ResMed (NYSE:RMD) downgraded to Neutral with a $174 (9% upside) price target at UBS.
https://seekingalpha.com/news/3537231-bluebird-up-2-premarket-on-two-new-bullish-calls

EMA accepts Glaxo application for multiple myeloma conjugate

Under accelerated assessment status, the European Medicines Agency (EMA) has accepted for review GlaxoSmithKline’s (NYSE:GSK) marketing application seeking approval to use antibody-drug conjugate belantamab mafodotin to treat patients with relapsed/refractory multiple myeloma whose prior therapy included an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody.
Belantamab mafodotin consists of a humanized anti-B cell maturation antigen monoclonal antibody linked to a cytotoxic agent called auristatin F.
https://seekingalpha.com/news/3537269-ema-accepts-glaxo-application-for-antibody-drug-conjugate-for-multiple-myeloma

CorMedix up 11% on accelerated review of Neutrolin in U.S.

Thinly traded micro cap CorMedix (CRMD +10.6%) is up on below-average volume in early trade in reaction to its announcement that the FDA has agreed to a rolling review of its marketing application seeking approval for Neutrolin for the prevention of catheter-related bloodstream infections in hemodialysis patients.
The company continues to expect the FDA nod in H2.
https://seekingalpha.com/news/3537344-cormedix-up-11-on-accelerated-review-of-neutrolin-in-u-s

Corvus Pharma up 4% on updated CPI-818 data

Thinly traded micro cap Corvus Pharmaceuticals (CRVS +3.6%) perks up on below-average volume on the heels of updated data from a Phase 1/1b clinical trial evaluating CPI-818 in patients with T-cell lymphomas. The results were presented at the T-Cell Lymphoma Forum in La Jolla, CA.
No dose-limiting toxicities or serious/life-threatening treatment-related adverse events have been observed in 16 subjects who have received one of four strengths (100 mg – 600 mg) of CPI-818 twice daily.
Median follow-up is now three months. 11 patients remain on therapy. One patient with cutaneous T-cell lymphoma (CTCL) who received the 200 mg dose showed a reduction in lymphadenopathy and improved PET scan while another CTCL patient who received 400 mg showed improved cutaneous disease.
Pharmacokinetics and occupancy studies have been consistent with expectations.
Orally administered CPI-818 is a small molecule T-cell signaling pathway inhibitor. Specifically, it inhibits an enzyme called interleukin-2-inducible T-cell kinase (ITK) and is designed to block malignant T cell growth and modulate immune responses.
https://seekingalpha.com/news/3537354-corvus-pharma-up-4-on-updated-cpiminus-818-data