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Sunday, April 5, 2020

Incyte details late-stage data on ruxolitinib cream for atopic dermatitis

Following up on its initial announcements in January and February, Incyte (NASDAQ:INCY) reports detailed results from two successful Phase 3 clinical trials, TRuE-AD1 and TRuE-AD2, evaluating a topical cream formulation of kinase inhibitor ruxolitinib in adolescents and adults with atopic dermatitis (AD). The data were presented at the Revolutionizing Atopic Dermatitis Virtual Symposium.
Both studies met the primary endpoint of a statistically significant proportion of treated patients achieving clear or almost clear skin at week 8 compared to vehicle cream (placebo). Specifically, 50.0% of patients in AD1 and 39.0% in AD2 who received twice daily applications of 0.75% ruxolitinib cream achieved clear/almost clear skin compared to 15.1% and 7.6%, respectively, in the vehicle arms. 53.8% and 51.3%, respectively, of patients receiving 1.5% ruxolitinib cream achieved clear/almost clear skin.
Treated patients also experienced statistically significant reductions in itching as measured by a scale called NRS score.
No new safety signals were observed.
The company markets an oral formulation of ruxolitinib under the brand name Jakafi.
The standard-of-care topical treatment of AD is corticosteroid creams, lotions or ointments.
The FDA approved Pfizer’s (NYSE:PFE) non-steroidal Eucrisa (crisaborole) ointment, which inhibits a pro-inflammatory enzyme called phosphodiesterase 4 (PDE4), in December 2016. In two pivotal studies, 32.8% and 31.4%, respectively, of treated patients achieved clear/almost clear skin at day 29.
The company plans to file a marketing application in the U.S. in Q4.
Management will host a conference call on Monday, April 6, at 8:00 am ET to discuss the data.
AD-related tickers: DERM, ASLN, GLPG, REGN, SNY, XBIT, SNNA, ABBV, SNOA, CARA, LLY, EVLO, NKTR, BHC
https://seekingalpha.com/news/3558456-incyte-details-late-stage-data-on-ruxolitinib-cream-for-atopic-dermatitis

Biotech week ahead, April 6

Biotech stocks went along with the broader market flow in the week ended April 3, with the COVID-19 pandemic dictating sentiment. The week witnessed a host of clinical readouts and pre-announcements in light of the COVID-19 impact.
The stock that made headlines during the week was Amarin Corporation plc AMRN 8.43%, which slumped on an adverse court ruling.
The following are catalysts that could impact biotech stocks in the unfolding week.
The focus is likely to stay on pre-clinical and clinical updates from companies developing therapies and/or vaccines for SARS-CoV-2. More companies are expected to update investors with preliminary first-quarter results that factor in the COVID-19 impact.
Conferences
  • Goldman Sachs Cell Therapy Day: April 6
  • 2020 Wells Fargo Biotech Virtual Corporate Access Day: April 7 in Boston, Massachusetts
  • Canaccord Genuity Horizons in Oncology Virtual Event: April 8 in Boston
  • 2020 Wells Fargo Biotech Virtual Corporate Access Day: April 9 in San Francisco, California

Clinical Readouts

Menlo Therapeutics Inc MNLO 1.89%: top-line data from two ongoing serlopitant Phase 3 studies in pruritus associated with prurigo nodularis (late March/early April)
Oragenics Inc OGEN 2.11%: Results from the Phase 2 study of AG013 in oral mucositis (early 2020)

Earnings

  • AngioDynamics, Inc. ANGO 2.03% (Tuesday after the close)
  • PAVmed Inc PAVM 5.21% (Thursday after the close)

IPOs

Keros Therapeutics, which develops therapies for hematological and neuromuscular disorders, plans to offer 5 million shares in an IPO priced between $14 and $16. The company has applied to list its shares on the Nasdaq under the ticker symbol “KROS.”

IPO Quiet Period Expiry

Imara Inc IMRA
https://www.benzinga.com/general/biotech/20/04/15729886/the-week-ahead-in-biotech-spotlight-on-q1-pre-announcements-as-covid-19-continues-to-disrupt-oper

Malaria drugs in high demand amid COVID-19

States across the U.S. are instituting measures to prevent hoarding of malaria drugs hydroxychloroquine and chloroquine in an effort to maintain supply amid acute demand from pharmacies and COVID-19 patients.
At least 20 states have implemented emergency restrictions or guidelines aimed at easing pressure on availability for autoimmune patients. Some are limiting the size of prescriptions and/or asking pharmacists to ensure that patients have tested positive for the virus before filling scripts. Supplies of the drugs were already running low last month.
Neither medicine has been proven to work against COVID-19, but a number of studies are in process. Doctors are adding them to standard-of-care treatment and have seen, in certain cases, some effectiveness at shortening recovery time. Both work in the immune system by preventing flare-ups, a condition seen in some severely ill COVID-19 patients (cytokine storm).
Certain drug makers have donated millions of doses and others are ramping up production.
https://seekingalpha.com/news/3558453-malaria-drugs-in-high-demand-amid-covidminus-19

COVID-19 Has Benched A Critical Volunteer Workforce – Seniors

A couple of weeks ago, hundreds of thousands of senior volunteers left their homes early in the morning each day to perform myriad services that are vital to the fabric of communities across the nation.
Now they stay home.
One impact of the COVID-19 pandemic is the loss of an army of senior volunteers, an unpaid workforce that provides critical support to countless local public service organizations, from food banks and homeless programs to literacy organizations and pet shelters.
Some hardy senior volunteers remain on the “job” but most are taking a hiatus in the face of statistics showing that COVID-19 poses a potentially lethal threat to older people with underlying conditions.
As a result, countless organizations that perform vital work to millions of needy Americans are scrambling to execute their mission.

Meals on Wheels

Jenny Young, spokesperson for the national organization, Meals on Wheels America, said almost three-quarters of  MOW volunteers are age 55 plus.
Prior to the pandemic, they not only delivered meals to home-bound seniors but used their own cars to do so. Since the pandemic, she said, many seniors don’t feel comfortable doing home delivery or feel constrained by state-issued “stay at home” orders.
Young said some of MOW’s 5000 independently run local programs have been forced to rethink delivery schedules. Instead of one hot meal a day, they now deliver several meals once a week. She said many MOW programs have been forced to hire paid drivers to make delivery services.

Meanwhile, Young said, “We are seeing an unprecedented increase in the number of homebound seniors who may not know from where their next meal will come.”
Young said MOW’s national website offers a “Find Meals” link that directs seniors to local MOW providers. She said use of the link has increased by as much 650% compared to an average week prior to COVID-19.
On the plus side, Young cited an outpouring of support from corporations, foundations and individual. She said the Meals on Wheels COVID-19 Response Fund has raised more than $8 million so far. Funds will help local communities across the country meet the increased demand for nutritious meals. She also noted Congress passed two laws allocating additional funds for nutrition programs under the Older Americans Act.
Meals on Wheels delivers about 220 million meals to 2.4 million seniors each year.

Community Food Bank

Prior to COVID, the community food bank in Tucson, AZ, was “staffed” at any one time by around 75 to 100 senior volunteers performing myriad services, from administrative duties to packing boxes on the assembly line and distributing the food boxes. About 80% of these seniors are now staying home due to fear of COVID-19, said Norma Cable, a spokesperson for the Community Food Bank of Southern Arizona.
Cable said the food bank initially sought replacement volunteers from the ranks of college students and furloughed workers. She said from 30 to 60 members of the Arizona National Guard now help out each day.
“We’re grateful but at the same time no one can replace those senior volunteers,” said Cable. “They are a critical component of our operation in so many ways. They have knowledge, experience and are extremely dedicated … No one can replace them.”
It is estimated that 48 million people in the United States are “food insecure.”

Give money

While COVID-19 remains a threat, some would-be volunteers are asking what they can do to help.
Organizations are always happy to receive monetary donations.
The Association for National & Community Service lists several ways that every American can help, including giving blood, checking on neighbors, and becoming a medical volunteer.
https://www.forbes.com/sites/patriciagbarnes/2020/04/03/covid-19-has-benched-a-critical-volunteer-workforceseniors-volunteers/#66d0c57c449f

Researchers Warn Hydroxychloroquine May Be Toxic Combined With Metformin

Researchers have warned that hydroxychloroquine (HCQ) and chloroquine (CQ), two similar drugs repeatedly touted by President Trump to be promising treatments for COVID-19, may be deadly when combined with a common diabetes drug.
The new study was published yesterday online on scientific pre-print server BioRxiv and shows that 30-40% of mice treated with a combination of HCQ or CQ and diabetes drug metformin, died. Treatment with the same dose of either drug alone had no effect on the survival of the mice.
HCQ and CQ are typically used to treat malaria and autoimmune diseases such as rheumatoid arthritis and lupus, but have also shown some early promise in the treatment of certain types of cancer, with several clinical trials ongoing.
“Our interest in this combination arose because both drugs individually have been shown to have anti-tumor effects in pancreatic cancer,” read a statement from two of the authors of the paper: Chi Dang, director of the Ludwig Institute for Cancer Research and Anirban Maitra, scientific director of the Center for Pancreatic Cancer Research at MD Anderson Cancer Center. “To our utter surprise, both HCQ and CQ when combined with metformin resulted in a surprising death rate in 30-40% of mice. In contrast there were no deaths in the single treatment groups,” said the authors.
The work in the recently published study was done before the coronavirus outbreak, with the researchers testing HCQ/CQ and metformin for pancreatic cancer and coming up with this perhaps, serendipitous finding. Due to this, some of the mice had pancreatic tumors, however the drug combination proved fatal for the mice with and without pancreatic cancer, at a similar rate.
“Even in mice that did not have any tumors, we found this deleterious effect of the combination, underscoring that it is not dependent on the presence of a tumor,” said the authors.
Although no work has yet been done in humans to evaluate this interaction, there is also a plausible scientific reason by which these two drugs may negatively interact. Both of them affect a process called autophagy, which is where cells recycle proteins to enable them to make more.
“Autophagy literally stands for “self-eating” and is a form of “quality control” that most cells in our body engage in to recycle aging proteins so as to synthesize new ones. HCQ and CQ are both agents that inhibit autophagy and in fact this is the property that is important for its use in tumors like pancreatic cancer,” said the authors.
Metformin, on the other hand can actually induce autophagy, so it is possible that two drugs interfering with this recycling pathway at the same time could be toxic.
The researchers looked to see whether this process was disrupted in the mice dying after treatment with the combination and found increased numbers of autophagosomes (essentially recycling bins, containing cell proteins to be re-purposed), in the heart, liver and kidneys of the mice. They also designed the dosage of both drugs so that the amount they gave the mice should be proportional to how much humans typically receive.
“In this study we used a method called “allometric scaling” which uses the surface area of an average human being and an average mouse and uses this to identify comparable doses. Importantly this does not depend on the body weight which can lead to errors in estimation – most oncology therapeutics are actually calculated based on surface area,” said the authors.
So what do the researchers hope to achieve by publishing their work now?
“Our goal in communicating this work is not to scaremonger. We hope that the lethality we observed in mice will not translate to humans but instead there will be more “pharmacovigilance” or awareness regarding potential drug interactions between HCQ/CQ and metformin,” said the authors.
HCQ and CQ have been touted as a possible treatment for COVID-19, despite very scant and even conflicting evidence that it works for people with COVID-19, with some trials showing some promising effects of the drug and others showing no substantial benefit. Dozens of other trials are now up and running to properly evaluate HCQ/CQ in COVID-19, but the results of these studies will take time. Despite this, President Trump continues to mention it universally positively in his press briefings, yesterday even recommending that people take the drug.
“We have seen the escalating interest in HCQ for COVID-19, not only for therapy but now increasingly for prophylaxis following exposure to an infected family member or a patient. Because this drug is likely to be used in spades – either as part of a clinical trial or what we call “off label” – we wanted to get this information out at the earliest so that physicians treating COVID-19 patients are at least aware of this potential drug interaction,” said the authors.
Misuse of the drug has already resulted in at least one fatality, after man in Arizona died after ingesting fish tank cleaner containing CQ. Reports of poisoning were also been reported in Nigeria, a day after President Trump first mentioned it in one of his briefings.
“There is very good safety data on both drugs individually, as well as safety data on combination being used in patients who have autoimmune diseases like lupus and rheumatoid arthritis. However, patients with COVID-19 are a whole different ballgame and typically much sicker than the average population. We have to remember that COVID-19 has been associated with adverse effects on the heart and the blood vessels – how all of these play out in addition to the two drugs interacting with each other will need to be studied,” said the authors.
Last week, the CDC reported that people with underlying health conditions are at more risk of severe COVID—19. People with diabetes are included in their initial dataset and appear to be more likely to be hospitalized/need to go to ICU than people with no underlying conditions, but with such small numbers it is difficult to tell currently why exactly this is. The report also had no information about how many of these people were currently on medications of any sort, whether it be metformin or HCQ/CQ, so currently there is no human data to back up the interaction seen in mice. However, the authors of the new study stress that this work must be done as soon as possible.
“Right now, the drugs are being used in a completely patchwork way. We need a national database on every COVID-19 patient that is receiving HCQ or CQ – either as part of a clinical trial or off label,” We ask either the FDA or companies like Flatiron to create such a registry for HCQ/CQ usage in COVID-19,” said the authors, stressing that the databases should record all adverse events that patients experience, including those reported by patients themselves and any other medications that patients are on. “This will allow us to sift through potential adverse drug interactions like metformin and others,” they added.
There are also two major points to be taken into account when interpreting the new study. Firstly, the research was done in mice, not humans. Testing drugs on mice is an important step in the approval of all new treatments to go into human clinical trials and promising drugs which cause severe toxicities in mice, generally don’t make it into human trials. However, some drugs do behave differently in mice to in humans, so although this result is indicative that HCQ/CQ and metformin may be especially toxic when combined in people, evidence from humans is needed to make a definitive conclusion.
Secondly, the study has not yet been peer-reviewed by other scientists to check its credibility and accepted for publication in a scientific journal. Most of the time during peer review, other scientists suggest ways in which the results or methodology could be improved to further support a study’s claims, sometimes they challenge the conclusions of the study and request that the authors be more conservative about their claims. Less commonly, they uncover significant flaws in the study meaning that they think the research needs to be completely overhauled parts repeated, or conclusions drastically changed. Although it is impossible to tell what will happen with this study during peer review, the scientists involved are all very experienced with thousands of accepted scientific publications between them, so that their work would be inherently flawed with little-to-no merit at all is rather unlikely.
Neither the lack of peer review or that the work was done in mice necessarily affect the implications of the work, but they do mean that a small amount of additional caution is warranted when interpreting the results, as is the case with all scientific pre-prints and work done in mice without corresponding human studies.
Considering the considerable burden of COVID-19 currently, it is understandable why many people want to view HCQ/CQ as a magic bullet, an old, reasonably safe and cheap drug, capable of quickly helping people who are seriously ill with COVID-19. But, the bottom line is that there are several reasons why many scientists and physicians are urging caution with HCQ/CQ. It isn’t because they think the drug is useless, it’s just because there simply isn’t enough evidence to suggest it is useful just yet.
This could change in weeks or months from now, as the results of new trials come out. But, if the relationship between HCQ/CQ and metformin found in mice is similar in humans, it serves as somewhat of a cautionary tale that even in these extreme and unusual times, there is merit to stepping back and thinking about how drugs may affect different people in different ways and what may help one person, may harm another.
https://www.forbes.com/sites/victoriaforster/2020/04/05/researchers-warn-that-covid-19-treatment-touted-by-trump-may-be-toxic-when-combined-with-diabetes-drug/#47112c3555f8

How Hoarding Medicine In A Pandemic Hurts Walgreens

Americans stocking up on their prescription drugs as COVID-19 stricken U.S. communities went on lockdown is hurting Walgreens – at least temporarily.
The nation’s largest drugstore chain earlier this week said its pharmacies are “now seeing declining sales trends, especially in quarantined areas.” The slowing of U.S. sales comes after three robust weeks of strong sales in March across multiple product lines including health, wellness and groceries as the spread of the Coronavirus strain COVID-19 raged across the U.S.
“There were two very distinct periods in March,” Walgreens Boots Alliance executive vice president and global chief financial officer James Kehoe told analysts Thursday.
“We delivered comp sales growth of 26% in the first 21 days of the month,” Kehoe added. “However, post March 21st the comp sales trends turned negative, with the last week of the month running at a mid-teens rate of decline. Obviously, if this trend continues for an extended period it will quickly offset the sales uplift seen in the first 21 days of March.”
It appears health insurance companies and pharmacy benefit managers (PBMs) are to blame for stocking up of prescription drugs, according analysts who follows Walgreens. Health insurers have been waving co-pays and related cost-sharing for everything from prescriptions to Coronavirus treatments to hospitalizations to make it easier for those with insurance to get care amid a public health crisis.
“We think the weakness in prescription sales over the past two weeks is a result of insurance companies allowing people to get monthly prescriptions early without penalty, so there was likely stockpiling of drugs in early March,” Mizuho Securities USA analyst Ann Hynes wrote in a report issued after Walgreens second-quarter earnings call.
But the situation could be short-lived.
“We would anticipate these trends to normalize going forward and do not think there is a fundamental change in patient behavior if they are on existing therapies,” Hynes said. “The near-term risk could be new prescriptions not being written given the drop off in medical visits.”
It’s unclear whether other drugstore chains like CVS Health, Rite Aid or Walmart are facing a similar situation. Walgreens is the first major drugstore chain to report earnings since cases of Coronavirus spiked in March.
CVS Health owns the Caremark PBM and Aetna, the nation’s third largest health insurance company so its impact could be offset. CVS reports its first quarter earnings next month.
But CVS warned earlier this week of “COVID-19’s adverse impact” on the drugstore chain’s businesses.
“We believe COVID-19’s adverse impact on our businesses, operating results, cash flows and/or financial condition primarily will be driven by the severity and duration of the pandemic, the pandemic’s impact on the U.S. and global economies and the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic,” CVS said in a regulatory filing with the Securities and Exchange Commission. “Those primary drivers are beyond our knowledge and control, and as a result, at this time we cannot reasonably estimate the adverse impact COVID-19 will have on our businesses, operating results, cash flows and/or financial condition, but the adverse impact could be material.”
https://www.forbes.com/sites/brucejapsen/2020/04/03/how-pandemic-hoarding-of-medicines-hurts-walgreens/#19ac1e673c76

9 State Governors Who Have Refused To Issue Stay-At-Home Orders

While a vast majority of states have issued statewide stay-at-home orders in response to the coronavirus outbreak spreading across the United States, a handful of Republican governors have resisted mounting pressure to do so from many, including from the country’s top authority on infectious disease, Dr. Anthony Fauci.
  • Nine different states in the South and Midwest have yet to announce statewide orders as of Saturday: Arkansas, Iowa, Nebraska, North Dakota and South Dakota have all resisted issuing any kind of stay at home orders, while Wyoming, Utah, Oklahoma and South Carolina have only issued orders in part of their states.
  • The governors, all Republican, have often defended their actions out of a belief in smaller government, despite many calls from within their own states to do so.
  • South Dakota Governor Kristi Noem, for instance, told reporters earlier this week that “the people themselves are primarily responsible for their safety” and that state and national constitutions “prevent us from taking draconian measures much like the Chinese government has done.” She also added, “South Dakota is not New York City.”
  • Governor Kim Reynolds, of Iowa, rejected  Fauci’s recent calls to implement a nationwide stay at home order: “I would say that maybe he doesn’t have all the information,” she told reporters this week. “I can’t lock the state down… people also have to be responsible for themselves,” she said.
  • Arkansas Governor Asa Hutchinson also dismissed Fauci’s comments, calling the typical stay at home order a misleading “illusion,” because people would still go out in public. He argued against issuing an order because it would leave thousands in his state without jobs and the CDC has “not indicated that’s an appropriate or necessary step.”
  • Similarly, North Dakota Governor Doug Burgum has questioned the necessity of a statewide order, while Nebraska Governor Pete Ricketts said he hadn’t issued one because he was listening to medical advice from his own experts rather than national health officials.
  • Other state governors, such as those in South Carolina, Utah, Wyoming and Oklahoma, have implemented some partial restrictions in cities and counties, but have stopped short of issuing statewide mandates.
Big number: Over 300 million people. That’s how much of the U.S. population, in 41 states across the country, is under mandatory stay-at-home orders, according to The New York Times. Some nine in ten Americans are now under instructions to not leave their house unless absolutely necessary.
Crucial quotes: In an interview with CNN on Thursday, Fauci made it clear that he believes all states should have stay at home orders. “I don’t understand why that’s not happening,” Fauci said. “If you look at what’s going on in this country, I just don’t understand why we’re not doing that. We really should be.” He recommended that the federal government should enact a nationwide stay-at-home order to curtail the spread of the virus. But President Trump and his administration have been reluctant to do so: “I leave it up to the governors. The governors know what they are doing,” Trump reiterated at his press briefing on Friday.
Key background: Some states, like Alabama and Missouri, had held out on issuing statewide orders for several weeks, before reversing course and doing so yesterday. Other states, such as Maine and Georgia, similarly issued stay-at-home orders earlier this week, amid mounting pressure from medical experts and lawmakers. In Florida, for instance, Governor Ron DeSantis for weeks resisted calls to impose a statewide order, despite a surging rise in coronavirus cases. He abruptly changed his stance earlier this week, citing President Trump’s “demeanor the last couple of days” as the reason for declaring a stay at home order, not because of warnings from health officials.
Chief critic: “What are you waiting for?” California Governor Gavin Newsom of California asked governors who hadn’t issued statewide stay-at-home orders. His state was the first to do so. “What more evidence do you need?”
https://www.forbes.com/sites/sergeiklebnikov/2020/04/04/here-are-the-9-state-governors-who-have-refused-to-issue-stay-at-home-orders/#7b11b9944eeb