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Monday, July 20, 2020

FDA accepts Acadia Pharma application for expanded use of Nuplazid

The FDA has accepted for review ACADIA Pharmaceuticals’ (NASDAQ:ACAD) supplemental marketing application seeking approval of Nuplazid (pimavanserin) for the treatment of hallucinations and delusions associated with dementia-related psychosis.
A agency’s action date is April 3, 2021.
The FDA approved Nuplazid in April 2016 for Parkinson’s disease psychosis.

Acadia’s pimavanserin flunks late-stage depression study

A Phase 3 clinical trial, CLARITY, evaluating ACADIA Pharmaceuticals’ (NASDAQ:ACAD) Nuplazid (pimavanserin) for the adjunctive treatment of major depressive disorder (MDD) failed to achieve the primary endpoint of a statistically significant change from baseline to week 5 in a scale called HAMD-17 compared to placebo.
Specifically, the mean reduction in HAMD-17 total score in the pimavanserin arm was 9.0 versus 8.1 in the control arm (p=0.296).
A key secondary endpoint, the change from baseline in a scale called CGI-1, was met (p=0.042) as was the change in Karolinska Sleepiness Scale (KSS) score.
No new safety signals were observed.
The company plans to combine the CLARITY-2 and CLARITY-3 trials. Both concluded with slightly greater than 50% enrollment.
The FDA approved pimavanserin, a non-dopaminergic antipsychotic, in April 2016 for Parkinson’s disease psychosis.
Management hosts a conference call today at 4:30 pm ET to discuss the results.


Novavax to present vaccine progress tomorrow morning

The company R&D chief, Gregory Glenn, will present progress of Covid-19 vaccine candidate NVX-CoV2373 at 9:55 AM tomorrow at the 2nd International Society for Vaccines Virtual Congress.
Novavax (NASDAQ:NVAX) fell 1.6% in the regular session today, but is up 8.6% after hours on this news.

FDA-Approved Heparin May Effectively Neutralize Virus That Causes COVID-19

A common drug, already approved by the Food and Drug Administration (FDA), may also be a powerful tool in fighting COVID-19, according to research published this week in Antiviral Research.
SARS-CoV-2, the virus that causes COVID-19, uses a surface spike protein to latch onto human cells and initiate infection. But heparin, a blood thinner also available in non-anticoagulant varieties, binds tightly with the surface spike protein, potentially blocking the infection from happening. This makes it a decoy, which might be introduced into the body using a nasal spray or nebulizer and run interference to lower the odds of infection. Similar decoy strategies have already shown promise in curbing other viruses, including influenza A, Zika, and dengue.
“This approach could be used as an early intervention to reduce the infection among people who have tested positive, but aren’t yet suffering symptoms. But we also see this as part of a larger antiviral strategy,” said Robert Linhardt, lead author and a professor of chemistry and chemical biology at Rensselaer Polytechnic Institute. “Ultimately, we want a vaccine, but there are many ways to combat a virus, and as we’ve seen with HIV, with the right combination of therapies, we can control the disease until a vaccine is found.”
To infect a cell, a virus must first latch onto a specific target on the cell surface, slice through the cell membrane, and insert its own genetic instructions, hijacking the cellular machinery within to produce replicas of the virus. But the virus could just as easily be persuaded to lock onto a decoy molecule, provided that molecule offers the same fit as the cellular target. Once bound to a decoy, the virus would be neutralized, unable to infect a cell or free itself, and would eventually degrade.
In humans, SARS-CoV-2 binds to an ACE2 receptor, and the researchers hypothesized that heparin would offer an equally attractive target. In a binding assay, the researchers found that heparin bound to the trimeric SARS-CoV-2 spike protein at 73 picomoles, a measure of the interaction between the two molecules.
“That’s exceptional, extremely tight binding,” said Jonathan Dordick, a chemical and biological engineering professor at Rensselaer who is collaborating with Linhardt to develop the decoy strategy. “It’s hundreds of thousands of times tighter than a typical antibody antigen. Once it binds, it’s not going to come off.”
Internationally recognized for his creation of synthetic heparin, Linhardt said that, in reviewing sequencing data for SARS-CoV-2, the team recognized certain motifs on the spike protein and strongly suspected it would bind to heparin. In addition to the direct binding assay, the team tested how strongly three heparin variants — including a non-anticoagulant low molecular weight heparin — bind to SARS-CoV-2, and used computational modeling to determine the specific sites where the compounds bind to the virus. All the results confirm heparin as a promising candidate for the decoy strategy. The researchers have subsequently initiated work on assessments of antiviral activity and cytotoxicity in mammalian cells.
“This isn’t the only virus that we’re going to confront in a pandemic,” Dordick said. “We don’t really have great antivirals, but this is a pathway forward. We need to be in a position where we understand how things like heparin and related compounds can block virus entry.”
In previous work, a team led by Linhardt and Dordick demonstrated the decoy strategy on viruses with a mechanism similar to SARS-CoV-2.  In 2019, the team created a trap for dengue virus, attaching specific aptamers — molecules the viral latches will bind to — precisely to the tips and vertices of a five-pointed star made of folded DNA. Floating in the bloodstream, the trap lights up when sprung, creating the world’s most sensitive test for mosquito-borne diseases. In work prior to that, they created a synthetic polymer configured to match the sialic acid latch points on influenza virus, reducing influenza A mortality in mice from 100% to 25% over 14 days.
“This innovative approach to effectively trapping virusus is a prime example of  how biotechnology approaches developed at Rensselaer are being brought forward to address challenging global health problems,” said Deepak Vashishth, the director of the Center for Biotechnology and Interdisciplinary Studies at Rensselaer, of which both Dordick and Linhardt are a part. “Professors Dordick and Linhardt have worked collaboratively across disciplines, and their research shows promise even beyond this current pandemic.”
Characterization of glycosaminoglycan and novel coronavirus (SARS-CoV-2) spike glycoprotein binding interactions” was published in Antiviral Research. At Rensselaer, Linhardt and Dordick were joined on the research by Fuming Zhang, and also by researchers at the University of California San Diego, Duke University, and the University of George, Athens with support from the National Institutes of Health.

BofA Downgrades Align Technology On Near-Term Risks Ahead Of Q2 Print

Align Technology, Inc. ALGN 2.98%, a maker of orthodontic products to fix crooked teeth and other issues, has seen a stock gain of more than 130% since March and has “gotten ahead of itself,” according to BofA Securities.
The company is set to report second-quarter results Wednesday.
The Analyst: Michael Ryskin downgraded Align Technology from Neutral to Underperform with a price target lifted from $230 to $280.
The Thesis: Align’s stock has more than doubled since its March lows and is up 15% for the year, as investors appear to be buying into the company’s long-term potential to take market share from traditional braces, Ryskin said in a Monday downgrade note. 
The stock is now trading at a premium valuation on a P/S and P/E basis at a time when the company will experience continued pressure for the next few quarters, the analyst said.
A BofA Securities survey of 40 U.S. orthodontists points to a slowdown in second-quarter total case volume at negative 55%, as many offices were forced to close amid the pandemic, he said.
The company could see the impact of low patient volumes through parts of 2021, Ryskin said.
The survey indicated a longer-term trend toward clear aligners — but risks of a second wave, ongoing or sustained lockdowns and economic concerns are “more likely to hamper” Align Technology’s business before it can take advantage of any momentum, the analyst said.

Sorrento on go with mid-stage study of Abivertinib in COVID-19

The FDA has signed off on a Phase 2 clinical trial evaluating Sorrento Therapeutics’ (SRNE +17.0%) abivertinib, a small molecule tyrosine kinase inhibitor, in hospitalized COVID-19 patients who have moderate-to-severe pulmonary symptoms.
On another note, it has inked an agreement with Agilent (A +1.3%) unit ACEA Therapeutics for exclusive rights to abivertinib for all indications world-wide except China.

‘Over a million doses of Oxford/Astra Zeneca Covid vax possible by September’

Early estimates of the production a million doses of the University of Oxford’s experimental COVID-19 vaccine by September could be an underestimate depending on how quickly late-stage trials can be completed, a researcher said on Monday.
“There might be a million doses manufactured by September: that now seems like a remarkable underestimate, given the scale of what’s going on,” Adrian Hill of University of Oxford said, referring to the manufacturing capability of partner AstraZeneca.
“Certainly there’ll be a million doses around in September. What’s less predictable than the manufacturing scale-up is the incidence of disease, so when there’ll be an endpoint.”
He added it was possible that there would be vaccines available by the end of the year.