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Friday, July 3, 2020

Nurix Therapeutics files for IPO

Nurix Therapeutics has filed a preliminary prospectus for a $100M IPO, on Nasdaq Global Market under the ticker ‘NRIX’.
The San Francisco, CA-based biopharma company is working on oral, small molecule therapies to destroy disease-causing protein, as a treatment approach for cancer and immune disorders.
The company utilizes its proprietary discovery platform, DELigase, to identify and advance drug candidates targeting E3 ligases, a broad class of enzymes that can modulate proteins within the cell.
Its pipeline consists of protein degradation portfolio of chimeric targeting molecules (CTM) drug candidates that degrade the BTK protein, and ligase inhibitor portfolio of drug candidates that inhibit CBL-B ligase to raise substrate protein levels.
1H 2020 Financials: Collaboration revenues: $7.1M; Operating Expenses: $32.8M; Net Loss: $4.7M; Cash, cash equivalents and investments: $182.6M

Inozyme Pharma readies IPO

Inozyme Pharma has filed a preliminary prospectus for a $86M IPO.
The Boston, MA-based company is focused on developing therapies for abnormal mineralization impacting the vasculature, soft tissue and skeleton.
The company’s lead candidate, INZ-701, is a soluble, genetically engineered fusion protein, designed to correct a defect in the mineralization pathway caused by ENPP1 and ABCC6 deficiencies.
It plans to file an IND with the FDA and CTAs with European regulatory authorities for INZ-701 in 2H 2020, and plans to commence two Phase 1/2 trials after.
Proposed Nasdaq Global Market ticker is ‘INZY’
Q1 2020 financials: Operating expenses: $7.9M (+53.1% Y/Y); Net loss: $7.7M (+56%); Cash balance: $40.8M

What could go wrong? Labs to use pooled testing to ramp up COVID-19 surveillance

The U.S. government is planning to use a strategy called pooled testing to boost the number of COVID-19 tests performed nationwide, The New York Times reported.
Pooled testing works by collecting samples from a large population of people, setting aside part of each sample, then combining the samples into a batch of five or 10 and testing them all at once. If a pool has a positive result, the lab then retests the parts of the tests that were set aside to determine which person had the positive result.
The U.S. military has used pooled testing at bases worldwide since the 1940s.
The strategy works best in settings where the number of people infected is likely to be less than 10 percent rather than in high-risk areas, the Times reported. It would be used to test asymptomatic people as well as those with symptoms.
Pooled testing could be implemented for as little as $3 per person per day, according to an estimate from the University of California, Berkeley. A director of a state lab in Nebraska told the Times the method could increase testing capacity by at least 70 percent.
“We’re in intensive discussions about how we’re going to do it,” Anthony Fauci, MD, the director of the National Institute of Allergy and Infectious Diseases, told the Times. “We hope to get this off the ground as soon as possible.”
Brett Giroir, the HHS deputy secretary, told the Times he expects the pooled testing program to be up and running by the end of the summer.


Less than one-third of hospitals are using EHR-embedded telehealth tools

Only 31 percent of hospitals and health systems are using capabilities within their EHR systems to conduct telehealth visits, according to a recent Sage Growth Partners report.
Sage Growth Partners during the week of May 25 surveyed 150 respondents representing various executive roles at hospitals and health systems across the U.S. Respondents were asked to describe their virtual care operations and strategies.
Three report insights:
1. Forty-eight percent of respondents said they are using third-party software such as Zoom and Skype for telehealth visits.
2. When asked what key tech solutions are critical to their organizations, 85 percent of execs said virtual care, 52 percent said hospital communication and 43 percent said supply chain automation.
3. Prior to the COVID-19 pandemic, 80 percent of hospitals provided less than 10 percent of their care virtually. However, only 11 percent of hospital leaders predict that in 24 months they will go back to their pre-pandemic rates of virtual care.

Daily step counts dropped significantly in early stages of pandemic

Daily counts of steps taken decreased significantly in the early stages of the pandemic, indicating a drop off in physical activity, a new study suggests.
The study, published in the Annals of Internal Medicine, included data for 455,404 users of a free Apple and Android smartphone app that tracks daily steps. More than 19 million step count measurements were recorded from 187 countries, including the U.S., from Jan. 19 to June 1.
Within 10 days of the World Health Organization declaring the COVID-19 outbreak a pandemic March 11, there was a 5.5 percent average decrease in step counts worldwide. Within 30 days of the pandemic declaration, there was a 27.3 percent drop in step counts.
Researchers found a wide variation in the average step count change in different regions of the world. After the pandemic declaration, the U.S. experienced a 15 percent decrease in step counts in 15 days, while Italy saw the same decrease in 5 days and Japan in 24 days.
“Governments and policymakers should be aware of the impact of social-distancing measures on decreasing physical activity, since physical activity is an important determinant of health,” said Geoffrey Tison, MD, lead study author and a cardiologist at University of California San Francisco Health.

Antibodies against phosphorylcholine protect from rheumatic systemic disease

A novel study from the Institute of Environmental Medicine at Karolinska Institutet indicates that antibodies against a small lipid entity, phosphorylcholine (PC), can be associated with protection in inflammatory systemic diseases, including SLE and Sjögren’s syndrome. The results support evidence for a potential treatment by providing antibodies (anti-PC) to patients with these diseases or through immunization with PC.
The research group behind the study, led by professor Johan FrostegÃ¥rd, has previously demonstrated that a certain type of antibody against PC, anti-PC, are associated with decreased risk of chronic inflammation as atherosclerosis, , and some rheumatic diseases, including systemic lupus erythematosus (SLE). Phosphorylcholine is present and exposed to the on oxidized lipids in atherosclerosis in the vessels, and on dead cells which should be taken care of by the body’s defense systems, but also on different pathogens including parasites, nematodes and some bacteria.
According to the research group’s hypothesis, low levels of anti-PC can be caused by low prevalence of pathogens of this type. The hypothesis is supported by previous reports from the research group, where individuals from New Guinea, living a traditional life and where these kinds of pathogens are more common, have higher levels of anti-PC and lower prevalence of the diseases studied.
In the present study, against PC and MDA (Malondialdehyde, another small lipid) were studied in a large cohort of patients with different rheumatic diseases, which were compared with a control group. Also cardiovascular was studied. The results indicate that among patients with systemic rheumatic diseases, including SLE, Sjögren’s syndrome, systemic sclerosis and MCTD, anti-PC—but not anti-MDA—was associated with protection against these diseases, including cardiovascular disease. The antibodies were studied in detail by proteomics, and a potential underlying mechanism was identified. In SLE, T-cells of a certain subgroup, T regulatory cells (Tregs) are believed to be protective and are often low in SLE. Anti-PC, but not anti-MDA, normalized Tregs in white blood cells from SLE patients.
A potential development of these results is to raise the levels of anti-PC in patients with systemic either by transfer of anti-PC or by immunization.

Explore further

More information: undefined undefined et al. IgM antibodies against malondialdehyde and phosphorylcholine in different systemic rheumatic diseases, Scientific Reports (2020). DOI: 10.1038/s41598-020-66981-z

Using Epo to treat COVID-19

Erythropoietin (Epo) is actually a medication for anemia. According to researchers at the Max Planck Institute of Experimental Medicine in Göttingen, the doping agent Epo could also be effective against COVID-19. The growth factor could mitigate severe disease progression and protect patients from long-term neurological effects when the SARS-CoV-2 virus attacks the brain. Initial case studies indicate a positive effect of Epo. The researchers are now planning a randomized clinical trial to systematically investigate the effects of Epo treatment in COVID-19 patients.
At the end of March, a patient with severe COVID-19 symptoms was admitted to an Iranian hospital. Because the patient also had poor blood values, the doctors prescribed the haematopoietic Epo. Seven days after the start of treatment, the patient was able to leave the hospital.
Another indication of the protective role of Epo in the case of COVID-19 comes from South America, where severe illness is rarer in higher-lying regions than in the lowlands. This may be because people living at higher altitudes form more Epo and are better adapted to oxygen deficiency because they have more red blood cells. Could Epo have contributed to the rapid healing of the Iranian patient and could it also explain the differing frequency of the disease in South America?
Milder disease progression thanks to Epo?
Hannelore Ehrenreich thinks this is possible. She is a scientist at the Max Planck Institute of Experimental Medicine and has been researching the effect of the endogenous growth factor for over 30 years and suspects a connection between the administration of Epo and the mild illness progression. “For example, we have observed that dialysis patients withstand COVID-19 remarkably well—and it is precisely these patients who regularly receive erythropoietin,” says Ehrenreich.
Epo is released as a natural reaction to oxygen deficiency. The molecule stimulates the formation of and thus improves the supply of oxygen to the brain and muscles. This effect is also exploited by athletes who take synthetic Epo as a doping agent. Epo stimulates not only blood cells but also many other tissues.
Epo improves breathing in case of oxygen deficiency
Ehrenreich and her colleagues have now summarized the various studies on the effects of Epo. Animal experiments suggest that Epo acts on areas of the brain stem and spinal cord that control breathing. As a result, breathing improves when there is an oxygen deficiency. Epo also has an anti-inflammatory effect on immune cells and could thus attenuate the frequently exaggerated immune response in COVID-19 patients. It could also protect against neurological symptoms and long-term effects of the disease such as headaches, dizziness, loss of smell and taste, and seizures.
The protective effects of Epo have been shown in animals as well as in numerous studies in humans with various brain disorders. Unfortunately, have only limited interest in financing further studies on approved active ingredients such as erythropoietin for which patent protection has expired. “Because COVID-19 can have such severe health-related consequences, we must investigate any evidence of a protective effect of Epo. After all, there is currently neither a vaccine nor a medication for the disease. We are therefore preparing a ‘proof-of-concept study’ to investigate the effect of Epo on COVID-19 in humans,” says Ehrenreich. In this clinical trial, severely ill COVID-19 patients will also receive Epo. The researchers will then investigate whether the growth factor can alleviate severe disease progression.

Explore further

More information: Hannelore Ehrenreich et al. Erythropoietin as candidate for supportive treatment of severe COVID-19, Molecular Medicine (2020). DOI: 10.1186/s10020-020-00186-y