Search This Blog

Friday, September 4, 2020

Sorrento down after corporate presentation on pipeline

Sorrento Therapeutics (SRNE -14.7%) is under pressure, albeit on below-average volume, following yesterday’s corporate overview by chief Henry Ji, Ph.D. Highlights:

COVID-19: Prevention: Vaccine candidate T-VIVA-19 employs a fusion protein, rS1-Fc, that targets Fc receptor-expressing antigen-presenting cells for induction of neutralizing antibodies and T cell responses.

Detection: COVI-TRACK test detects IgG and IgM antibodies in peripheral blood in ~eight minutes with sensitivity of 94% and specificity of 97%. COVI-TRACE detects the presence of SARS-CoV-2 in saliva in ~30 minutes. Both are visually interpreted and require no instrumentation.

Early intervention: COVI-GUARD (STI-1499) neutralizing antibody that binds to the S1 subunit of the SARS-CoV-2 spike protein (Dr. Ji called it a “cure” in May causing shares to rally).

Rescue intervention: Abivertinib, a tyrosine kinase inhibitor (TKI) exclusively licensed worldwide, except China, from ACEA Therapeutics. A Phase 2 study in hospitalized patients is next up.

Oncology pipeline: Most advanced candidate is Phase 3-stage abivertinib for NSCLC. Three other programs in Phase 1: CD38 CAR T in multiple myeloma, CD38 antibody-drug conjugate in amyloidosis and seprehvir in solid tumors.

Resiniferatoxin, an agonist of a protein called transient receptor potential cation channel subfamily V member 1 (TRPV1), in early-stage development for cancer pain and pain associated osteoarthritis of the knee.

https://seekingalpha.com/news/3611784-sorrento-down-15-after-corporate-presentation-on-pipeline

Moderna slows trial enrollment to include minorities at risk of Covid

Moderna Inc is slowing enrollment slightly in its large clinical trial for coronavirus vaccine candidate to ensure it has sufficient representation of minorities most at risk for the disease, CNBC reported, citing the company’s chief executive.

Shares of the company fell 7% in morning trading.

“I would rather we have higher diverse participants and take one extra week,” CEO Stephane Bancel told CNBC.

https://www.reuters.com/article/us-moderna-enrollment/moderna-slows-trial-enrollment-to-include-minorities-at-risk-of-covid-19-cnbc-idUSKBN25V24Z

Russia’s COVID-19 vaccine showed antibody response in initial trials

Russia’s “Sputnik-V” COVID-19 vaccine produced an antibody response in all participants in early-stage trials, according to results published on Friday by The Lancet medical journal that were hailed by Moscow as an answer to its critics.

The results of the two trials, conducted in June-July this year and involving 76 participants, showed 100% of participants developing antibodies to the new coronavirus and no serious side effects, The Lancet said.

Russia licensed the two-shot jab for domestic use in August, the first country to do so and before any data had been published or a large-scale trial begun.

“The two 42-day trials – including 38 healthy adults each – did not find any serious adverse effects among participants, and confirmed that the vaccine candidates elicit an antibody response,” The Lancet said.

“Large, long-term trials including a placebo comparison, and further monitoring are needed to establish the long-term safety and effectiveness of the vaccine for preventing COVID-19 infection,” it said.

The vaccine is named Sputnik-V in homage to the world’s first satellite, launched by the Soviet Union. Some Western experts have warned against its use until all internationally approved testing and regulatory steps have been taken.

But with the results now published for the first time in an international peer-reviewed journal, and with a 40,000-strong later-stage trial launched last week, a senior Russian official said Moscow had faced down its critics abroad.

“With this (publication) we answer all of the questions of the West that were diligently asked over the past three weeks, frankly with the clear goal of tarnishing the Russian vaccine,” said Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, which has backed the vaccine.

“All of the boxes are checked,” he told Reuters. “Now… we will start asking questions of some of the Western vaccines.”

Commenting on the results of the early-stage trials, lead author Dr Naor Bar-Zeev of the International Vaccine Access Center, Johns Hopkins Bloomberg School of Public Health, USA said the studies were “encouraging but small”.

Bar-Zeev, who was not involved in the study, said “clinical efficacy for any COVID-19 vaccine has not yet been shown.”

“The report is a case of ‘so far, so good’,” Brendan Wren, Professor of Microbial Pathogenesis at London’s School of Hygiene and Tropical Medicine said.

RACE TO DEVELOP VACCINE

Dmitriev said at least 3,000 people had already been recruited for the large-scale trial of the Sputnik-V vaccine launched last week, and initial results were expected in October or November this year.

Health minister Mikhail Murashko has said Russia will start mass inoculation from November or December, with a focus on high-risk groups. It will take nine to 12 months to vaccinate the majority of the population, said Alexander Gintsburg, director of the Gamaleya Institute which developed the vaccine.

Governments and big pharmaceutical firms are racing to develop a vaccine to end the COVID-19 pandemic, which has killed more than 850,000 people globally and infected around 26 million.

Over half a dozen drugmakers are already conducting advanced clinical trials, each with tens of thousands of participants. Several, including Britain’s AstraZeneca and U.S. drugmakers Moderna and Pfizer expect to know if their COVID-19 vaccines work and are safe by the end of 2020.

The Lancet said the early-stage trials suggested the Sputnik-V vaccine produced a response in a component of the immune system known as T cells.

Scientists have been scrutinising the role played by T cells in battling coronavirus infection, with recent findings showing these cells may provide longer-term protection than antibodies.

The Sputnik-V vaccine is administered in two doses, with each based on a different vector that normally causes the common cold: human adenoviruses Ad5 and Ad26.

Some experts have said using this delivery mechanism could make a COVID-19 vaccine less effective, as many people have already been exposed to the Ad5 adenovirus and developed immunity to it.

Russia has said it expects to produce between 1.5 million and 2 million doses per month of its potential vaccine by the end of the year, gradually increasing production to 6 million doses a month.

https://www.reuters.com/article/us-health-coronavirus-russia-vaccine/russias-covid-19-vaccine-showed-antibody-response-in-initial-trials-idUSKBN25V1I2

FDA OK’s additional doses of Lilly’s Trulicity for type 2 diabetes

The FDA has approved two additional doses of Eli Lilly’s (NYSE:LLY) Trulicity (dulaglutide). The approval expands the label of once-weekly Trulicity to include 3.0 mg and 4.5 mg doses based on data from AWARD-11.

Trulicity is a prescription medicine for adults with type 2 diabetes used to improve blood sugar and to reduce the risk of major cardiovascular events.

https://seekingalpha.com/news/3611665-fda-oks-additional-doses-of-lillys-trulicity-for-type-2-diabetes

Novacyt launches two gene COVID-19 test

Novacyt (OTC:NVYTF) launches its CE-Mark’d two-gene COVID-19 test molecular test in countries requiring a two-gene testing approach to detect the presence of SARS-CoV-2, including France, Belgium, Croatia, Poland and the UAE.

French reimbursement authorities have confirmed that the test will qualify for reimbursement there.

The company continues to sell its single-gene COVID-19 test.

https://seekingalpha.com/news/3611685-novacyt-launches-two-gene-covidminus-19-test

FDA OKs emergency use of Roche COVID-19/flu combo test

The FDA has approved the emergency use of Roche’s (OTCQX:RHHBY) cobas SARS-CoV-2 & Influenza A/B Test for use on the fully automated cobas 6800/8800 Systems.

The qualitative molecular assay simultaneously detects and differentiates the presence of the three viruses in nasal or nasopharyngeal swab samples.

https://seekingalpha.com/news/3611686-fda-oks-emergency-use-of-roche-covidminus-19-flu-combo-test

AbbVie teams up with I-Mab in cancer

AbbVie (NYSE:ABBV) will collaborate with I-Mab (NASDAQ:IMAB) to develop and commercialize the latter’s lemzoparlimab, an anti-CD47 monoclonal antibody, for the treatment of a range of cancers.

Under the terms of the partnership, AbbVie will have an exclusive global license, excluding Greater China, while I-Mab retains all rights in mainland China, Macau and Hong Kong. The agreement allows for potential collaboration on future CD47-related therapeutics. Each company will have the opportunity, subject to further licenses, to explore each other’s related programs in their respective territories.

AbbVie will pay I-Mab $180M upfront plus a $20M milestone payment based on positive results from recently completed Phase 1 study, up to $840M in future clinical and development milestones, up to $900M in commercial milestones and tiered low-to-mid-teen royalties on net sales.

CD47 is a protein found on the surface of a range of cancer cells that enable them to avoid attack from immune system cells called macrophages. Blocking the protein enables the immune cells to engulf and kill the cancer cells.

https://seekingalpha.com/news/3611693-abbvie-teams-up-i-mab-in-cancer