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Wednesday, June 24, 2020

Insmed sums up mid-stage study of chronic respiratory disorder med

Following up on its first announcement in February, Insmed (NASDAQ:INSM) announces final results from a Phase 2 clinical trial, WILLOW, evaluating brensocatib (INS1007) in patients with non-cystic fibrosis bronchiectasis, a chronic respiratory disorder characterized by irreversibly and abnormally dilated airways, persistent cough, excessive sputum and recurrent pulmonary infections. The data were presented virtually at the American Thoracic Society Conference.
The study met the primary endpoint demonstrating a statistically significant improvement in time to first pulmonary exacerbation over the 24-week treatment period compared to placebo.
The risk of exacerbation at any time during the trial was reduced 42% in the 10 mg arm and 38% in the 25 mg arm compared to control.
Phase 3 studies are next up, expected to launch in H2.
Brensocatib is an orally available small molecule inhibitor of an enzyme called dipeptidyl peptidase I (DPP1) that plays an essential role in activating a type of white blood cell called neutrophils which accumulate in the airways in chronic inflammatory lung diseases damaging lung tissue.

UniQure out-licenses hemophilia B gene therapy in deal valued up to ~$2.1B

UniQure (NASDAQ:QURE) inks an agreement with CSL Limited (OTCPK:CMXHF) unit CSL Behring granting the latter global rights to gene therapy etranacogene dezaparvovec for the treatment of hemophilia B.
Under the terms of the deal, QURE will receive $450M in upfront cash, up to $1.6B in milestones and tiered double-digit (up to low-twenties) royalties on net sales.
QURE will be responsible for completing the ongoing HOPE-B study, manufacturing process validation and product supply until manufacturing can be transferred to Behring.
Behring will reimburse QURE for clinical development and regulatory activities performed under the contract but will be responsible for regulatory filings and, of course, commercialization.
Investors appear disappointed with the agreement. Shares down 6% after hours.

FDA OKs Merck’s Keytruda for treatment-resistant type of skin cancer

The FDA approves Merck’s (NYSE:MRK) Keytruda (pembrolizumab) for the treatment of patients with recurrent or metastatic cutaneous squamous cell carcinoma, the second most common form of skin cancer.

Regeneron identifies new combos to boost I-O drug Libtayo’s cancer response

PD-1/L1 inhibitors, which work by enhancing the immune response to cancer, have helped patients fight several types of tumors. But many individuals either don’t respond to these checkpoint inhibitors, or they eventually develop resistance to them.
Scientists at Regeneron were looking for ways to improve responses to PD-1 inhibitors, so they turned to bispecific antibodies that bridge the immune system’s T cells and tumor cells by binding to molecules present on cell surfaces.
In a new study published in Science Translational Medicine, Regeneron showed that adding bispecific antibodies targeting a T cell protein called CD28 to its Sanofi-partnered PD-1 inhibitor Libtayo led to enhanced anti-tumor activity in multiple animal models as well as long-term T-cell memory against the tumors.
Based on the encouraging early results, Regeneron hopes to have three CD28 costimulatory bispecifics in clinical tests by the end of 2020: REGN5678, a PSMAxCD28 bispecific for prostate cancer; REGN7075, an EGFRxCD28 bispecific for various growth factor receptor-related tumors, including non-small cell lung cancer; and MUC16xCD28 candidate REGN5668 for ovarian cancer.
If they succeed, these bispecific antibodies could serve as “off the shelf” T-cell boosters, Regeneron said.
For T cells to be fully activated, two signals are needed. In signal 1, T-cell receptors recognize a cancer protein. This paves the way for signal 2, in which costimulatory receptors, most powerfully CD28, cluster at the interface of T cells and target cells to enhance the T-cell activation. But by binding to PD-1 receptors on the T cell, tumor cells can suppress signal 2 by influencing CD28.
The Regeneron team figured that combining PD-1 checkpoint blockade with bispecifics targeting CD28 and tumor-specific antigens might solve the problem. The researchers tested the idea using two well-known tumor targets, PSMA and EGFR, for their CD28 bispecific antibodies.
In one mouse model of colorectal cancer, PSMAxCD28 or PD-1 blockade alone helped 15.6% and 12.1% animals survive, respectively, while the combination significantly improved survival to 70.8%. What’s more, the mice appeared to have generated long-term anti-tumor immunity, as the rodents were able to fight off a second tumor challenge without any additional combo therapy.
Similar effects were observed with a combination of an EGFRxCD28 bispecific and Libtayo in mice with human tumor implants. Both combinations also overcame resistance to PD-1 monotherapy.

Targeting CD28 to supercharge T cells has been explored as an anticancer strategy. However, those efforts were largely shelved after an anti-CD28 superagonist triggered a severe inflammatory reaction known as cytokine storm in healthy people who volunteered for a phase 1 trial.
In Regeneron’s new study, the CD28 bispecific antibodies didn’t induce cytokine storm in monkeys. The bispecific antibodies don’t activate CD28 until they reach tumor cell surfaces, so they promote T-cell activation only at the tumor site, avoiding systemic toxicity, the researchers explained in the study.
Regeneron believes the animal studies prove that CD28 bispecifics have the potential to serve as a new, safer approach to enhance the therapeutic effects of immuno-oncology agents across various cancer types. First-in-human evidence is expected in 2021 from REGN5678, used in tandem with Libtayo, in patients with metastatic castration-resistant prostate cancer.

AstraZeneca triplet therapy tops doublets in large-scale COPD study

AstraZeneca (AZN -3.8%) announces positive results from a Phase 3 clinical trial, ETHOS, evaluating Breztri Aerosphere (budesonide/glycopyrronium/formoterol fumarate) in patients with moderate-to-severe chronic obstructive pulmonary disease (COPD). The data were presented virtually at the American Thoracic Society Scientific Symposium, Clinical Trials in Pulmonary Medicine and published in the New England Journal of Medicine. 
Treatment with the inhalable triplet therapy resulted in a statistically significant reduction in exacerbations compared to two dual-combo therapies.
Specifically, patients receiving Breztri Aerosphere experienced 24% fewer exacerbations compared to Bevespi Aerosphere (glycopyrronium/formoterol fumarate) which showed 13% fewer exacerbations compared to PT009 (budesonide/formoterol fumarate). The doublet therapies were comparators.
Breztri Aerosphere demonstrated a 46% reduction in the risk of all-cause mortality versus Bevespi Aerosphere, a key secondary endpoint.
The triplet therapy is currently approved for COPD in Japan and China. Marketing applications in the U.S. and Europe are currently under review.
https://seekingalpha.com/news/3585896-astrazeneca-triplet-therapy-tops-doublets-in-large-scale-copd-study

Acceleron’s sotatercept successful in mid-stage PAH study

Acceleron Pharma (XLRN -5.5%) announces positive results from a Phase 2 clinical trial, PULSAR, evaluating sotatercept in pulmonary arterial hypertension (PAH) patients. The data were presented virtually at the American Thoracic Society Conference.
The study met the primary endpoint of a statistically significant change from baseline in pulmonary vascular resistance (PVR) at day 168 compared to placebo.
Specifically, reductions in PVR in the 0.3 mg/kg and 0.7 mg/kg dose arms were 20.5% and 33.9%, respectively, versus 2.1% in the control arm.
Both dose groups also showed at least a 50-meter increase from baseline in the Six-Minute Walk Test (6MWT), a key secondary endpoint.
An extension study is ongoing.
Shares, currently halted, will resume trading at 4:15 pm ET.

Medicare Advantage plans could see payments drop in 2021 due to COVID-19

  • The COVID-19 outbreak appears to have impacted claims patterns for Medicare Advantage (MA) enrollees, according to a new analysis by Avalere Health. Even though seniors are historically the most vulnerable population health-wise, their claims were down dramatically during the month of April.
  • The survey suggests it could impact risk score factors for MA plans in 2021, driving them down by at least several percentage points. As a result, some MA health plans could wind up getting paid less for their enrollees than projected in 2021, which could impact their overall profitability as well as their medical loss ratios (MLR).
  • Avalere recommends that MA health plan managers carefully analyze their own claims data patterns and potential impact in order to be better prepared for a turbulent 2021.

Medicare Advantage has been a huge success story for commercial insurers, as tens of millions of American seniors receive their healthcare coverage from those plans, receiving more benefits and often better coordinated care.
For the most part, MA insurers have been able to make fairly sound actuarial projections for each new year prior to autumn open enrollment. But COVID-19 has tossed most reliable modeling practices on its ear.
According to Avalere’s analysis of April claims data, only 4% of MA enrollees had at least one claim in April. That compares to 23% in April 2019. Claims with 15 or more diagnoses in April were half of what they were in March of this year.
Considering that COVID-19 appears not to be going anywhere soon, Avalere projects that claims in May and June and perhaps for the remainder of 2020 will also be lower than projected. As a result, it ran numerous scenarios and concluded MA risk scoring for 2021 based on current claims could drop between 3% and 7% from baseline.
An MA insurer expecting to get a payment of $900 per member per month to cover their cost of care, could see that payment drop anywhere from $28 to $66 per month – a potential loss of revenue totaling hundreds of millions of dollars for a larger insurer.
Moreover, Avalere found that fee-for-service pre-adjudicated claims for chronic obstructive pulmonary disease and heart failure were down 48% and 45%, respectively, in April compared to April 2019. That puts insurers at risks for being hit with higher claims costs due to deferred care for its sickest enrollees. Yet MA insurers also face the risk of their MLRs dropping below 85% in 2021, meaning they could get payments recouped from the Centers for Medicare & Medicaid Services.
Avalere recommended that MA plans conduct analytics to project their 2021 payments, as well as improve quality of care and address social risk factors for its enrollees.