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Tuesday, June 16, 2020

FDA OKs expanded label for Pfizer’s antibody-drug conjugate Mylotarg

The FDA approves the use of Pfizer’s (PFE -0.6%) Mylotarg (gemtuzumab ozogamicin) for newly diagnosed CD33-positive acute myeloid leukemia (AML) patients as young as one month old.
The agency approved the antibody-drug conjugate in September 2017 for newly-diagnosed adults and relapsed/refractory patients at least two years old.

U.S. narrows list of promising COVID-19 vaccine candidates to about seven

U.S. President Donald Trump’s administration is narrowing its list of promising experimental coronavirus vaccines to about seven from 14, the U.S. Department of Health and Human Services said on Tuesday.
The vaccines are being given government support and funding as part of the administration’s “Operation Warp Speed”, the White House program to accelerate coronavirus vaccine development.
Earlier this month it was reported that the White House had selected five companies, including Moderna Inc, AstraZeneca Plc and Pfizer Inc, as the most likely candidates to produce a vaccine for the novel coronavirus.
As drugmakers race to develop vaccines, tests and therapies for the disease, the United States is looking to secure manufacturing capacity under “Operation Warp Speed” announced in May.
The country is planning massive clinical trials involving 100,000 to 150,000 volunteers, with the goal of delivering an effective vaccine by the end of this year. To make that deadline, the government aims to start mid-stage testing in July.


Beijing city raises COVID-19 emergency response level to II from III

Beijing’s city government on Tuesday raised its COVID-19 emergency response level to II from III, according to state media.
The Chinese capital has been battling with a fresh outbreak of the new coronavirus, with more than a 100 new cases confirmed in recent days.

Therapeutics Acquisition Corp. readies IPO

Blank check company Therapeutics Acquisition Corp. (TXACU) (TXAC) has filed a preliminary prospectus for a $100M IPO.
The company plans to offer 10M units at $10 per unit, each consisting of one Class A common share and 1/3rd of a redeemable five-year warrant to purchase one Class A share at $11.50.
Its sponsor is life sciences investment firm RA Capital, which has over $4B under management. The focus will be the U.S. healthcare sector.
https://seekingalpha.com/news/3583315-therapeutics-acquisition-corp-readies-ipo

Lilly’s abemaciclib successful in late-stage breast cancer study

Eli Lilly (NYSE:LLY) announces positive results from an open-label Phase 3 clinical trial, monarchE, evaluating Verzenio (abemaciclib) plus standard adjuvant endocrine therapy compared to standard adjuvant endocrine therapy alone in patients with high-risk, node-positive, HR+, HER2- early breast cancer.
The study met the primary endpoint of invasive disease-free survival, while demonstrating a significant decrease in the risk of breast cancer recurrence or death compared to standard adjuvant endocrine therapy alone.
The company plans to submit the data to global regulatory authorities.
The FDA first approved the kinase inhibitor in September 2017 for advanced breast cancer.
https://seekingalpha.com/news/3583325-lillys-abemaciclib-successful-in-late-stage-breast-cancer-study

Annovis Bio rallies on advancement of lead candidate

Thinly traded nano cap Annovis Bio (NYSEMKT:ANVS) announces the completion of the rat cohort in a toxicology study of lead drug ANVS401 with no negative side effects.
Results from the six-month study, funded by a $1.7M NIH grant, corroborated the data generated in one-month studies in mice, rats, dogs and humans. A nine-month study in dogs is ongoing with results expected next quarter.
ANVS401 is currently being tested in a Phase 2a clinical trial in Alzheimer’s disease patients.
https://seekingalpha.com/news/3583341-annovis-bio-rallies-on-advancement-of-lead-candidate

Dexamethasone cuts deaths in severe respiratory Covid-19 complications

In March 2020, the RECOVERY (Randomised Evaluation of COVid-19 thERapY) trial was established as a randomised clinical trial to test a range of potential treatments for COVID-19, including low-dose dexamethasone (a steroid treatment). Over 11,500 patients have been enrolled from over 175 NHS hospitals in the UK.
On 8 June, recruitment to the dexamethasone arm was halted since, in the view of the trial Steering Committee, sufficient patients had been enrolled to establish whether or not the drug had a meaningful benefit.
A total of 2104 patients were randomised to receive dexamethasone 6 mg once per day (either by mouth or by intravenous injection) for ten days and were compared with 4321 patients randomised to usual care alone. Among the patients who received usual care alone, 28-day mortality was highest in those who required ventilation (41%), intermediate in those patients who required oxygen only (25%), and lowest among those who did not require any respiratory intervention (13%).
Dexamethasone reduced deaths by one-third in ventilated patients (rate ratio 0.65 [95% confidence interval 0.48 to 0.88]; p=0.0003) and by one fifth in other patients receiving oxygen only (0.80 [0.67 to 0.96]; p=0.0021). There was no benefit among those patients who did not require respiratory support (1.22 [0.86 to 1.75; p=0.14).
Based on these results, 1 death would be prevented by treatment of around 8 ventilated patients or around 25 patients requiring oxygen alone.
Given the public health importance of these results, the researchers are now working to publish the full details as soon as possible.
Peter Horby, Professor of Emerging Infectious Diseases in the Nuffield Department of Medicine, University of Oxford, and one of the Chief Investigators for the trial, said, ‘Dexamethasone is the first drug to be shown to improve survival in COVID-19. This is an extremely welcome result. The survival benefit is clear and large in those patients who are sick enough to require oxygen treatment, so dexamethasone should now become standard of care in these patients. Dexamethasone is inexpensive, on the shelf, and can be used immediately to save lives worldwide.’
Martin Landray, Professor of Medicine and Epidemiology at the Nuffield Department of Population Health, University of Oxford, one of the Chief Investigators, said, ‘Since the appearance of COVID-19 six months ago, the search has been on for treatments that can improve survival, particularly in the sickest patients. These preliminary results from the RECOVERY trial are very clear – dexamethasone reduces the risk of death among patients with severe respiratory complications. COVID-19 is a global disease – it is fantastic that the first treatment demonstrated to reduce mortality is one that is instantly available and affordable worldwide.’
The UK Government’s Chief Scientific Adviser, Sir Patrick Vallance, said, ‘This is tremendous news today from the Recovery trial showing that dexamethasone is the first drug to reduce mortality from COVID-19. It is particularly exciting as this is an inexpensive widely available medicine. This is a ground-breaking development in our fight against the disease, and the speed at which researchers have progressed finding an effective treatment is truly remarkable. It shows the importance of doing high quality clinical trials and basing decisions on the results of those trials.’
http://www.ox.ac.uk/news/2020-06-16-dexamethasone-reduces-death-hospitalised-patients-severe-respiratory-complications