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Thursday, August 27, 2020

Abbott rides to the rescue with $5 Covid-19 test

The BinaxNow antigen test is fast and acceptably accurate – but above all, cheap.




As Covid-19 continues to scorch its way across the US, the FDA has increasingly prioritised mass testing over individual precision. In granting emergency use authorisation for Abbott’s cheap and easy Covid-19 antigen test yesterday the agency has continued this approach, and at $5 a pop, BinaxNow could enable widespread, repeated testing – including, the FDA says, in schools.

There is huge demand for feasible screening tests for the coronavirus that could get around the current bottleneck caused by overwhelmed lab capacity in the US. As a result Abbott’s stock was trading up 8% at the open. And those who were concerned about Abbott’s previous attempt at a fast point-of-care test, ID Now, will be mollified by the respectable accuracy figures Abbott has reported for its new diagnostic. 

BinaxNow is a lateral flow assay, in which a liquid sample is applied to a membrane impregnated with antibodies specific to the coronavirus nucleocapsid antigen – very similar in concept to a pregnancy test. In this case a nasal sample is taken from a patient by a healthcare professional and applied to the BinaxNow test card; after allowing 15 minutes for the reaction to develop, the test will display one line for negative and two for positive. 

Accuracy and simplicity

In the assay’s instructions for use Abbott reports positive and negative percent agreement – analogous to sensitivity and specificity, respectively – in the high 90s. This is pretty similar to the other three antigen tests the FDA has authorised. But BinaxNow was tested on just 102 subjects, less than half as many as the others. All the tests were evaluated on symptomatic patients suspected of having Covid-19, except LumiraDx’s assay, which was also used to test key workers at high risk of catching the bug.

Accuracy of FDA-authorised antigen tests
Date of EUACompanyTestPPANPASuspected positive sample size
Aug 26AbbottBinaxNow97.1%98.5%102
Aug 18LumiraDx LumiraDx Sars-CoV-2 Ag97.6%96.6%257
Jul 2Becton DickinsonBD Veritor system for Sars-CoV-284.0%100%226
May 8QuidelSofia Sars antigen FIA96.7%100%209
PPA and NPA = positive and negative percent agreement. Source: FDA.

It should be noted that these percentages are notably lower than the accuracy shown by Covid-19 antibody tests, the other kind of protein-based assays used for the disease. But antibody tests are used to detect prior infection, rather than active cases. 

The antigen tests are also less accurate than viral RNA tests using PCR or next-generation sequencing technologies; these remain the gold-standard for detecting active Covid-19, but must be performed in labs away from the patient. The tests are fast enough but transporting the samples takes time. Moreover, the sheer volume of tests being taken has led to some diagnostics companies reporting backlogs and delays. 

All the antigen tests are performed at the point of care, meaning samples do not have to be sent to a lab. Four rapid viral RNA tests used at the point of care are also authorised by the FDA, including Abbott’s own ID Now test. That assay was a rare misstep from Abbott, having been the subject of an FDA statement in mid-May suggesting that it might return false negative results. Its authorisation was not withdrawn.

Cost

Abbott’s test has an advantage over the other three authorised antigen assays in its simplicity. The others must all be fed into handheld, portable machines, whereas the result with Abbott’s test is read off the test card. 

The killer app for BinaxNow, however, is not simplicity or accuracy but price. Abbott does not claim that BinaxNow is the cheapest point-of-care Covid-19 test authorised in the US – and but at $5 there cannot be many cheaper. Even the saliva test developed by researchers at Yale is expected to cost around $10 per sample. 

Abbott will start selling BinaxNow in the next two weeks, and says it can make “up to” 50 million tests available monthly in the US from the beginning of October 2020. According to Abbott the test can be performed by doctors, nurses, school nurses, medical assistants and technicians, pharmacists, employer occupational health specialists, and possibly other people after they are trained. However, the place where it is performed must have a Clia waiver, certificate of compliance or certificate of accreditation, which might rule some workplaces or schools out.

Abbott also intends to launch an optional app, Navica, which is linked to the test and allows the patient to display their result as a sort of passport, allowing Covid-19-negative people to return to work or school. It displays a “digital health pass” similar to a train ticket or boarding pass, which expires after a period specified by organisations that accept the app.

This shows how keen Abbott is on repeat testing. Presumably a patient would have to get a test every time they catch a cold or other infection with symptoms similar to coronavirus, which for many people, such as nurses, teachers or schoolchildren, could mean several times a year. Provided BinaxNow does not prompt accuracy concerns as ID Now did, those $5 payments could really mount up. 

That said, the company has perhaps been dealt a blow by the CDC’s controversial new recommendation that asymptomatic people who have been in contact with a Covid-19 patient do not necessarily need a test. This could have been a lucrative market, with a cheap test appealing to people who might well be free of the virus. But using BinaxNow as a screen in asymptomatic patients would have its own hazards: its accuracy figures being what they are the risk of false negatives is around 3%, making it less appropriate for broad screening than PCR-based viral RNA tests. The US needs accurate, widespread screening of asymptomatic people, but scientifically speaking BinaxNow is not the right tool for that job. 


Alphabet’s Verily breaks into stop-loss health insurance market

August 27, 2020

Verily Life Sciences is expanding into the health insurance market with a focus on employer stop-loss insurance.
The Alphabet company will leverage its expertise in hardware, software and data science to offer a new data-driven solution for employers, the company said Tuesday.
The Verily subsidiary, called Coefficient Insurance Company, will be backed by Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re Group, through a minority investment.
The companies did not disclose the size of the financing as it is subject to the satisfaction of certain closing conditions including regulatory approvals.
Employer stop-loss is a segment of commercial insurance that protects self-funded employers from unexpected and large employee health benefit claims by reimbursing employers for claims above a defined amount.
The stop-loss market is valued at approximately $20 billion, according to S&P Global Intelligence.
Coefficient will combine innovative health technology solutions with novel insurance and payment models, the companies said.
The company will focus on what Verily calls “precision risk” to provide self-funded employers with more predictable benefit plan protection and help control cost volatility.
The partnership will use advanced technology and data analytics to innovate risk management in the employer stop-loss space, according to Andreas Berger, CEO at Swiss Re Corporate Solutions.
“Employers have been facing rising and increasingly unpredictable healthcare costs for years,” said Verily CEO Andy Conrad in a statement. “Coefficient is aimed at reducing blind spots and providing greater cost control mechanisms for self-funded employers, and we expect that partnering with Swiss Re Corporate Solutions will help us to better develop and distribute our precision risk solution to the employer stop-loss market.”
Over time, Coefficient will integrate Verily’s employer health solutions, including mobile health devices and innovative care management programs such as its Onduo virtual diabetes clinic, in order to align payment models with better health outcomes, Conrad said.
Looking ahead, self-funded employers could face unpredictable health costs due to the impact of the pandemic as employees deferred care and if employees have long-term health effects from COVID-19 infections.
Coefficient uses an analytics-based underwriting engine to identify unexpected areas of cost volatility, and cover those exposures with more dynamic and precise insurance policy provisions. Over time, Coefficient plans to integrate Verily’s suite of health devices and tech-driven interventions for workers and dependents into its precision risk solution to improve health outcomes and control cost, the companies said.
Along with leveraging Verily’s technology capabilities, Coefficient also will benefit from Swiss Re Corporate Solutions’ risk knowledge, distribution capabilities and reputation in the employer stop-loss market.
Verily dipped its toe into the insurance market last year through a collaboration with John Hancock. The two companies teamed up to offer a life insurance solution and digital wellness program to help people with diabetes manage and improve their condition.
Verily, originally Google Life Sciences, once part of Google X, spun out in 2015 to lead Alphabet’s healthcare and life sciences research. The company has been quietly expanding its footprint in the world of healthcare and medical research.
The technology company has collaborated with health systems and other providers on initiatives to tackle major health challenges. Verily is working with Atrius Health and the Palo Alto Veterans Affairs healthcare system to improve patient outcomes through population health initiatives.
And the company has rolled out a number of pandemic-related initiatives such as developing a lab for coronavirus testing, offering a COVID-19 screening tool for health systems and hospitals, and launching a return-to-work solution for employers called Healthy at Work.

Building a saliva-based heart attack test

A fast diagnosis is essential when dealing with a possible heart attack. Typically, emergency room clinicians scan the chest for signs using either an ultrasound or an electrocardiogram, or send away for a blood test that could take an hour or more. 

But now, researchers have shown it may be possible to detect potentially severe heart damage in less than 10 minutes using only a saliva sample, and they’re aiming to build a tailor-made test to do it.

Their preliminary work follows the heart protein troponin, which is released into the bloodstream by the cardiac muscle after suffering from a lack of oxygen due to a blocked artery. Some of this troponin makes its way into the mouth, where it mixes with the numerous proteins produced by the human body.

“There is a great need for a simple and rapid troponin test for patients with chest pain in the pre-hospital setting,” said study author Roi Westreich of Soroka University Medical Centre in Israel, whose team’s work was presented at the annual congress of the European Society of Cardiology.

At first, the researchers didn’t have a spit test capable of proving their theories. Instead, they developed a novel procedure to process and purify saliva samples, allowing them to be run on commercially available troponin tests designed for blood.


By filtering out the most common proteins found in saliva and concentrating the remainder, the researchers were able to detect 84% of positive samples, taken from 32 patients hospitalized with a heart injury. Similar samples from healthy volunteers showed no response to the test.

“Further research is needed to determine how long troponin stays in the saliva after a heart attack,” Westreich said. “In addition, we need to know how many patients would erroneously be diagnosed with heart attack and how many cases would be missed.”

Going forward, the researchers expect a purpose-built saliva test for cardiac troponin to be even more accurate. “It will be calibrated to show positive results when saliva troponin levels are higher than a certain threshold and show a yes/no result like a pregnancy test,” Westreich said.


Biotech behind AstraZeneca’s Covid vaccine advances next-gen prospect

Vaccitech has received U.K. government funding for a COVID-19 vaccine that it thinks can improve on first-generation prospects such as the AstraZeneca jab it helped develop. 

AZD1222, the COVID-19 vaccine that AstraZeneca licensed from the University of Oxford, is based on one of Vaccitech’s chimpanzee adenovirus vectors, ChAdOx1. Having already applied the vector to MERS, the Oxford researchers were able to quickly advance a candidate against SARS-CoV-2 and emerge as one of the front-runners in the race to develop a COVID-19 vaccine. 

While it is possible the first COVID-19 vaccines will come to market this year, the speed at which the lead candidates advanced means there may be scope to improve on them. Vaccitech, which was set up by the duo behind AZD1222, has received money to put that idea to the test.

Working with the first tranche of a grant of up to £2.3 million ($3.0 million), Vaccitech plans to wrap up preclinical development of its asset and make enough doses to run a phase 1 trial that is expected to start next year. Depending on the data, Vaccitech thinks the vaccine could be used as a standalone product or to improve on first-generation prophylactics. 

The U.K. government, plus other funders including the National Institute for Health Research and the World Health Organization, provided Vaccitech with money after getting a look at preclinical data on the next-generation vaccine.

Vaccitech said the data show the “new platform induces leading antibody and cell-mediated immune responses … when compared with the adenoviral platforms currently in vaccine trials for COVID-19.” AZD1222, the AstraZeneca vaccine built on Vaccitech’s vector, and Johnson & Johnson’s Ad26.COV2.S are among the leading adenovirus COVID-19 vaccines in clinical development today.

The opportunity awaiting Vaccitech’s vaccine will depend on how it stacks up against the many more advanced candidates in development. However, even if the first wave of vaccines corners the market, the program may still provide benefits to Vaccitech, which said it could use the platform to quickly generate interventions capable of preventing new pathogenic threats in the future. 


Moderna outlook too rosy amid multiple potential COVID-19 vaccines: Leerink

Moderna’s mRNA COVID-19 vaccine candidate was the first U.S. shot to enter late-stage testing, but that doesn’t necessarily mean it has the brightest future of all.

The high possibility of multiple emergency authorizations for coronavirus vaccines by year-end spells plenty of competition—and an outlook for Moderna that’s less rosy than expected, SVB Leerink analyst Geoffrey Porges and his team wrote in an investor note, citing R&D and vaccine experts.

“[E]arlier entry of another large, established global pharma competitor adds an additional degree of uncertainty” to the potential sales for Moderna’s candidate, mRNA-1273, according to the note, which summarized comments from experts at an International Society for Vaccines’ virtual event and from a separate call with three key opinion leaders in immunology and vaccine development.

The FDA’s emergency authorizations will likely be granted on data from relatively small numbers of patients and limited follow-up time, so there’s likely to be “limited differentiation” among the various sets of vaccine data, the analysts wrote.

And that, in turn, will “increase the importance of clinical and commercial execution, a disadvantage for Moderna versus entrenched Big Pharma players,” the note stated.

Moderna launched its phase 3 trial of mRNA-1273 in late July and expects to complete it in late 2021, suggesting a potential full approval in early 2022. But like the biotech itself, the experts were bullish on the chance of an emergency authorization based on preliminary data by the end of 2020.

Moderna’s likely not the only one looking at that kind of a timeline, though. The Financial Times reported Monday that the U.S. government is already considering a possible emergency authorization for AstraZeneca’s adenovirus vector-based vaccine, though the British government and AstraZeneca itself denied that it was in such talks with the administration.

That report, combined with experts’ view, prompted the SVB Leerink team to adjust their prediction to allow for earlier competition from non-mRNA vaccines, likely also by year-end.



In fact, all three specialists Porges’ team interviewed named the protein subunit vaccines with an adjuvant as their favorite class among the various COVID-19 vaccine approaches.

Leaders in this field include a collaboration between two of the world’s largest vaccine makers—Sanofi and GlaxoSmithKline—which expects to obtain a potential approval as early as June 2021. Maryland biotech Novavax is looking to advance a similar shot into phase 3 testing this fall, with $1.6 billion in grant funding from Operation Warp Speed.

Competition is also brewing within the mRNA class, with Pfizer and German partner BioNTech close behind Moderna; their BNT162b2 candidate is also in large-scale phase 3 testing. And the Pfizer/BioNTech shot is currently the only vaccine to have demonstrated responses in both CD4+ and CD8+ T cells in human studies, Porges noted.


The first wave of emergency authorizations will likely be based on limited data, which could make it difficult for products to differentiate among themselves, Porges said. That means commercial expertise and infrastructure could be key. Moderna, which doesn’t have a single marketed product, doesn’t have the commercial prowess of a Big Pharma player like Sanofi, Pfizer or AstraZeneca.

That lack of other products also means mRNA-1273 represents the bulk of Moderna’s revenue opportunity in the near term. Porges’ team says it’s very likely to gain an FDA approval “given the permissive regulatory environment” around COVID-19 vaccine candidates in general, and that it could attract “a substantial early bolus of patients.”

But the medium or long term could be a different story, the analysts noted, “given the breadth of competitors expected to enter the market.”

In addition, mRNA-1273 needs to be shipped and stored at -20 °C, and it can only be stored at 2°C to 8°C in a clinician’s office for up to one week. That complexity in shipping and storage requirements, compared with some traditional vaccines, could be an “especially relevant consideration after the immediate pandemic period and for patient populations outside of high-income countries,” Porges wrote.