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Tuesday, September 8, 2020

Aerie initiated Buy at Guggenheim

Aerie Pharmaceuticals (AERI +2.9%) was initiated by Guggenheim analyst Dana Flanders with a Buy rating and price target of $20, indicating a upside of 67.8% from current levels.

Wall Street Analysts Rating is Bullish.

Aerie is expanding franchise in Japan, a $0.8B glaucoma market, market share 57 MM TRx, as Phase 3 trials expected to commence in Q4; currently exploring partnering opportunities.

Also expanding Aerie franchise in Europe, $1B glaucoma market, market share 105 MM units; Mercury 3 topline readout in Q3-results to inform commercialization strategy; Ireland plant approved for U.S. production.

Advancing Pipeline (Read More: Investor Presentation)

https://seekingalpha.com/news/3612257-aerie-initiated-buy-guggenheim

Encouraging data on blood cancer candidates lifts Trillium

Trillium Therapeutics (NASDAQ:TRIL) jumps 40% after hours in response to updated results from early-stage dose-escalation studies of top candidates TTI-621 and TTI-622.

TTI-621 (SIRPa-IgG1 fusion protein): Preliminary data from a four-part Phase 1 open-label trial in patients with relapsed/refractory blood cancers showed that weekly infusions up to 1.4 mg/kg were well-tolerated with no dose-limiting thrombocytopenia (low blood platelets) (response data not yet available). In the 1.0 mg/kg dose arm, there was one complete response and one partial response in six evaluable patients. Two were bridged to allogeneic transplantation. Enrollment in the 2.0 mg/kg cohort is underway.

TTI-622 (SIRPa-IgG4 fusion protein): Preliminary data from a two-part open-label Phase 1 study in patients with relapsed/ refractory lymphoma or multiple myeloma showed a 33% (n=6/18) response rate, five partials and one complete, at the first assessment at week 8. There was one serious dose-limiting toxicity (thrombocytopenia) in the 8 mg/kg cohort (six evaluable patients). Clinical responses were observed across a range of lymphoma types. Enrollment in the 12 mg/kg cohort is underway.

Management hosted a conference call today at 5:30 pm ET to discuss the data.

https://seekingalpha.com/news/3612313-encouraging-data-on-blood-cancer-candidates-lifts-trillium-up-40

Old Drugs Help Fight COVID and Save Lives

Early in the COVID-19 pandemic, entrepreneur and philanthropist Steve Kirsch realized that until we have a vaccine against SARS-CoV-2, we would be at the mercy of this virus. He realized that the fastest and most effective way to reduce COVID-19 fatalities would be to leverage existing drugs to treat patients at the onset of infection — before they become sick. A lack of funded research in this area prompted him to establish the COVID-19 Early Treatment Fund (CETF) with the purpose of funding outpatient clinical trials of promising repurposed drugs.

Dr Lisa Danzig

Medscape spoke with CETF’s chief medical advisor, Lisa Danzig, MD, about the organization’s aim to fund promising research on repurposed drugs to treat COVID-19.

What is CETF trying to do?

Two things: save lives, and get control of this pandemic.

We are facing perhaps the greatest crisis of our lifetime. Doctors who have taken care of patients with COVID are really frustrated about not having anything to offer; they just watch patients die. We want to change that. CETF was founded to find treatments that, when given early, could improve outcomes and avoid catastrophic complications in patients suffering from COVID-19. That means reducing hospitalizations, which can reduce mortality, but it also can mean reducing viral load, and that can have a profound impact on transmission within communities. We are a funding organization — a Band-Aid. We shouldn’t exist, but we do, aiming to close gaps until a coordinated response can get set up.

Tell us about drug repurposing and why you think existing drugs might have a role in mitigating COVID-19 or slowing its transmission.

This disease has two components — the viral infection, and the immunopathology. So the two promising categories of drugs are classical antivirals (or repurposed drugs with antiviral activity), and the immunomodulators. We are mechanism-agnostic. It doesn’t matter what kind of drug it is if it keeps people out of the hospital and prevents chronic morbidity and mortality.

Repurposed drugs are sort of the low-hanging fruit of clinical drugs. The QBI Coronavirus Research Group identified 69 compounds that have theoretical activity against SARS-CoV-2, 29 of which are already FDA-approved drugs. We thought, why don’t we start testing them?

Some people might call this a long shot. Does drug repurposing really work?

Drugmakers don’t test their drugs on every disease they might be effective for. Drug repurposing can work, but if we don’t look, we definitely won’t find anything. The classic repurposed drug is Viagra, a failed hypertension drug. When the studies ended because it didn’t work, the drug company asked patients to send back the unused drugs. The women all returned the drugs, but the men didn’t. And the rest is history.

There’s a long list of potential drugs that can be repurposed, but few are being tested. The famous poster child of a repurposed drug — hydroxychloroquine — has been the subject of more than 250 clinical trials, but the others weren’t getting much attention.

The beauty of a repurposed drug is that if you can get funding and start enrolling patients, you could potentially find out fairly quickly, as early as a few months, if that drug has an antiviral effect or not. These data would help prioritize drugs to be tested in larger confirmatory studies.

Your focus is on early treatment. What’s the rationale for that?

We are focusing on early treatment because it has been overlooked. The attention has been on vaccines and therapeutics for hospitalized patients. But if you are spending $20 billion on potential vaccines and billions more on diagnostics, we need to give proportional resources towards drugs that might actually work, when given early, in preventing severe disease and death.

Early treatment, if successful, would allow us to avoid the severe complications that we are seeing now. If we can find an early treatment with an existing drug, it would be the fastest, most clinically- and cost-effective way to mitigate the impact of COVID-19 and get us on the road to recovery.

How do you get from a potential repurposed drug for COVID-19 to having a therapeutic agent that will save lives?

Most of the studies we are funding are smaller outpatient studies with virologic endpoints. We are looking for a signal that the drug has antiviral activity. We want to know whether a drug works before we spend the money on questions that take a much larger sample size to answer, for example, a big postexposure prophylaxis study. We’d like to see a meaningful signal in proof-of-concept studies, so we can look at a small group of patients with positive tests and see whether their viral load dropped by more than half if they got the drug compared with those who took the placebo. If the drug had an impact on the viral load and shortened the period of infectivity and was safe, these findings would provide justification to spend a lot of money on a large clinical trial. That would probably encourage the NIH and ACTIV collaboration to prioritize the drug for one of their big platform trials. That’s what we are aiming for.

CETF isn’t a drug developer — we are a funder for a good proposal to study a repurposed drug. We want to help move the dial — can we get an early yes or an early no? In drug development, we say, “fail fast and fail early.” It’s a numbers game. Only 10% of early candidates will become approved drugs. The value is in the data, whether they are positive or negative — it doesn’t matter. If the study is a definitive “no,” that is just as helpful as a definitive “yes.” Of course, we all want the definitive “yes,” but there are so many things to look at, the “no’s” will help us redirect resources toward what may really help.

You first announced these funding opportunities in April. How is it going so far?

As soon as the website went up, we got 40 applications. Our scientific advisory board , which has expertise from medicinal chemistry and coronavirology to translational and clinical trial expertise, reviewed the applications and prioritized 11 fundable proposals. We are using milestone-based funding; in other words, funding those who are ready to go.

Which drugs are being tested in the funded studies?

One of the earliest grants we supported was Dr David Boulaware’s randomized controlled trial of hydroxychloroquine (NCT 04308668) in 821 asymptomatic patients within 4 days after a high-risk or moderate-risk exposure. That trial did not show any benefit of hydroxychloroquine as postexposure prophylaxis against COVID-19. This trial was important for another reason. It proved the feasibility of a no-contact trial design in the setting of COVID-19, and participants enrolled themselves through a secure Internet-based survey using the Research Electronic Data Capture (REDCap) system.

Camostat, a transmembrane serine protease (TMPRSS2) inhibitor licensed for use in Japan to treat pancreatitis and esophagitis, combined with the antiandrogen biclutamide, is being explored for early COVID-19 treatment. TMPRSS2 primes the SARS-CoV-2 spike protein to bind to the ACE2 receptor and gain entry to the cell, and has been shown to have antiviral activity. CETF has provided funding support to ongoing trials of Camostat at Yale University and Aarhus University in Denmark.

Another outpatient trial for fluvoxamine, a drug approved in the United States and routinely prescribed for depression, was also partially funded by a CETF grant to Washington University in St. Louis. Fluvoxamine is a serotonin regulator but also activates the sigma-1 receptor, which reduces the body’s immune response to prevent an overactive immune response or cytokine storm, a major cause of clinical deterioration, serious organ damage, and even death from COVID. This trial was recently completed, and the results have been submitted for publication.

Other promising drugs include niclosamide, doxazosin, favipiravir, leronlimab, interferon beta, interferon lambda, and other monocloncal antibodies. New compounds considered to have potential against COVID include a flu drug (MK-4482/EIDD-2801) and GS-441524, a metabolite of the antiviral drug, remdesivir.

Why not just put all of our resources into vaccine development?

We absolutely need a vaccine to control the outbreak and stop the pandemic. However, it’s a long road to finding an effective vaccine, and in the meantime, we need tools to keep people alive. If we can find an antiviral drug that acts early, we can reduce transmission and contribute to outbreak control. All these tools help us get back to normal while we are waiting for a vaccine. The vaccine is only good if we can give it to everyone who susceptible person in the world ― which will take longer than 3 years. And there are no guarantees. Remember, we are still waiting for an HIV vaccine.

You are calling on Americans to help. What do you want them to do?

Everyone must participate in the behavioral changes designed to control the outbreak ― physical distancing, face-covering, and paying attention to case counts in local areas to enable them to take appropriate precautions. I know people are bored of that message, but we are going to repeat it until we have a vaccine or herd immunity.

This organism is ripping like wildfire through our unimmunized population. Personal behaviors might slow it down, but finding a drug that can be given to people after they’ve been exposed and test positive will have a meaningful impact on helping us get back to normal.

There’s a great spirit of volunteerism — people are constantly asking how they can help. Through us at CETF, we offer three ways that people can help. They can participate as subjects in clinical trials, many of which are ongoing, including clinical trials, surveillance studies, and follow-up studies. They can donate to our fund and help support the research needed to find an effective early treatment. We have a link on our website, TreatEarly.org. And finally, researchers can apply for funding. We think everybody can help in one of these ways by participating in trials, donating, or applying for funding. It’s an all-hands-on-deck moment for our country.

Danzig is the chief medical advisor of the COVID-19 Early Treatment Fund. She has spent more than 20 years in the pharmaceutical industry developing vaccines, diagnostics, and drugs and is currently advising companies and investors.

https://www.medscape.com/viewarticle/937021#vp_1

Lonza says first lymphoma patient dosed with CAR-T made in ‘Cocoon’ system

Lonza said on Tuesday the first patient has been treated with a cell therapy made in its “Cocoon” platform, which the Swiss contract drug maker hopes catches on at medical centers aiming to boost use of personalized cancer treatments.

Lonza’s automated system, installed at Sheba Medical Center in Tel HaShomer, Israel, is now being used in a clinical trial of a so-called chimeric antigen receptor T cell therapy, or CAR-T, against B-cell malignancies. The first patient treated with Sheba’s CAR-T from the Cocoon has diffuse large B cell lymphoma (DLBCL).

CAR-T therapies including approved products like Gilead’s $373,000 Yescarta and Novartis’s $373,000 to $475,000 Kymriah can be curative, even for patients in whom other cancer treatments have failed.

But their manufacturing is challenging, with patients’ T-cells removed at hospitals, often sent long distances to centralized re-engineering facilities, before making the return journey weeks later to be re-infused into patients. With Lonza’s Cocoon, the process takes place in a functionally closed system at the hospital site, the Swiss company said.

“The Cocoon Platform will enable Sheba to reduce immunotherapy manufacturing costs by lowering manpower, time, and space requirements,” Lonza said in a statement. “It is hoped that this will ultimately allow Sheba to deliver potentially curative cellular immunotherapies to more patients.”

Sheba said its CAR-T treatment has been used in more than 100 patients over the last two years in its trial, and the hospital plans to use the Cocoon for additional patients.

With Cocoon, Lonza joins others including General Electric also developing more-automated systems to speed up CAR-T manufacturing, cut costs and improve manufacturing failure rates that may be associated with more hands-on methods.

https://www.reuters.com/article/us-lonza-cell-therapy/lonza-says-first-lymphoma-patient-dosed-with-car-t-made-in-cocoon-system-idUSKBN25Z0LH

AstraZeneca Covid vax study on hold due to suspected adverse reaction in UK

A large, Phase 3 study testing a Covid-19 vaccine being developed by AstraZeneca and the University of Oxford at dozens of sites across the U.S. has been put on hold due to a suspected serious adverse reaction in a participant in the United Kingdom.

A spokesperson for AstraZeneca, a frontrunner in the race for a Covid-19 vaccine, said in a statement that the company’s “standard review process triggered a pause to vaccination to allow review of safety data.” 

It was not immediately clear who placed the hold on the trial, though it is possible it was placed voluntarily by AstraZeneca and not ordered by any regulatory agency. The nature of the adverse reaction and when it happened were also not immediately known, though the participant is expected to recover, according to an individual familiar with the matter. 

The spokesperson described the pause as “a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials, while it is investigated, ensuring we maintain the integrity of the trials.” The spokesperson also said that the company is “working to expedite the review of the single event to minimize any potential impact on the trial timeline.”

An individual familiar with the development said researchers had been told the hold was placed on the trial out of “an abundance of caution.” A second individual familiar with the matter, who also spoke on condition of anonymity, said the finding is having an impact on other AstraZeneca vaccine trials underway — as well as on the clinical trials being conducted by other vaccine manufacturers.

Clinical holds are not uncommon, and it’s unclear how long AstraZeneca’s might last. But the progress of the company’s trial — and those of all Covid-19 vaccines in development — are being closely watched given the pressing need for new ways to curb the global pandemic. There are currently nine vaccine candidates in Phase 3 trials. AstraZeneca’s is the first Phase 3 Covid-19 vaccine trial known to have been put on hold.

Researchers running other trials are now looking for similar cases of adverse reactions by combing through databases reviewed by a so-called Data and Safety Monitoring Board, the second person said.

AstraZeneca only began its Phase 3 trial in the U.S. in late August. The U.S. trial is currently taking place at 62 sites across the country, according to clinicaltrials.gov, a government registry, though some have not yet started enrolling participants. Phase 2/3 trials were previously started in the U.K., Brazil, and South Africa.

There are a number of different reactions that can qualify as suspected serious adverse reactions, symptoms that require hospitalization, life-threatening illness and even death. It was also not immediately clear which clinical trial the adverse reaction occurred in, though a clear possibility is the Phase 2/3 trial underway in the U.K.

While it’s still unclear how severe and rare the adverse event may be, the finding could impact how quickly efficacy data from the U.K. trial will be available. Those data are considered integral to any bid to seek an emergency use authorization for the vaccine from the U.S. Food and Drug Administration — and potentially jeopardize President Trump’s efforts to fast-track a vaccine ahead of the November election.

A Phase 1/2 study published in July reported that about 60% of 1,000 participants given the vaccine experienced side effects. All of the side effects, which included fever, headaches, muscle pain, and injection site reactions, were deemed mild or moderate. All of the side effects reported also subsided during the course of the study. 

The vaccine  — known as AZD1222 — uses an adenovirus that carries a gene for one of the proteins in SARS-CoV-2, the virus that causes Covid-19. The adenovirus is designed to induce the immune system to generate a protective response against SARS-2. The platform has not been used in an approved vaccine, but has been tested in experimental vaccines against other viruses, including the Ebola virus. 

The Phase 3 trial in the U.S. aims to enroll about 30,000 participants at 80 sites across the country, according to a release last week from the National Institutes of Health. 

It was not immediately clear what steps were being taken at study sites across the U.S. in response to the hold. Clinical holds in ongoing studies often involve a pause in recruiting new participants and dosing existing ones, unless it’s deemed in the interest of participant safety to continue dosing.

In the statement from AstraZeneca, the company spokesperson noted that “in large trials illnesses will happen by chance but must be independently reviewed to check this carefully.” The spokesperson also said the company is “committed to the safety of our participants and the highest standards of conduct in our trials.”

S. Korea’s Celltrion to begin commercial production of Covid antibody drug

South Korea’s Celltrion Inc will begin commercial production of its experimental treatment for COVID-19 this month, it said on Tuesday, as it pushes ahead with clinical trials of the antibody drug.

The company said it planned to make a request soon to regulators for emergency use authorisation of the drug, but that it would start mass production – likely to amount to around 1 million doses – before receiving that approval.

The treatment became the country’s first COVID-19 antibody drug to be tested on humans after receiving regulatory approval in July for clinical trials.

“We have confirmed the safety of the antiviral antibody drug in the process of the local Phase I clinical trial,” Kwon Ki-sung, head of Celltrion’s R&D unit, told Reuters.

Celltrion completed a Phase I trial on 32 volunteers in the country and is enrolling an additional nine participants for another Phase I study before moving on to later stage trials, for which regulatory reviews are already underway.

The company is separately conducting overseas human trials of its treatment in the United Kingdom, which will be followed by global second and third stage trials in patients with mild and moderate symptoms.

Shares of Celltrion surged as much as 5.6% on Tuesday, while the broader KOSPI gained 0.7%.

Other companies developing potential COVID-19 treatments include Eli Lilly and Co, Regeneron Pharmaceuticals Inc and AbbVie.

https://www.marketscreener.com/quote/stock/CELLTRION-INC-40742914/news/Celltrion-South-Korea-s-Celltrion-to-begin-commercial-production-of-COVID-19-antibody-drug-31249465/

Corbus slammed on negative trial readout

Shares of the clinical-stage biotech Corbus Pharmaceuticals Holdings (NASDAQ:CRBP) fell by as much as 77% in pre-market trading Tuesday morning. The drugmaker’s shares are tanking this morning in response to a negative late-stage readout for lenabasum in patients with a rare autoimmune disorder known as diffuse cutaneous systemic sclerosis (SSc).

Lenabasum, an oral synthetic endocannabinoid-mimetic that selectively binds to the cannabinoid receptor type 2, reportedly failed to outperform placebo on the trial’s primary and secondary endpoints. The drug’s other ongoing trials for dermatomyositis, systemic lupus erythematosus, and cystic fibrosis are unaffected by this late-stage miss, according to the company’s press release.

Lenabasum stood to become the first ever FDA-approved treatment for SSc. Corbus, in turn, would have more than likely had a blockbuster drug on its hands if the drug had passed this critical test. So, given the potential financial impact of this late-stage clinical failure on Corbus’ future revenue, it’s easy to see why shareholders are heading for the exits today.  

Should bargain hunters pounce on this biotech stock today? Lenabasum may ultimately redeem itself in another high-value indication. Corbus, after all, isn’t that far off from releasing the drug’s top-line results in cystic fibrosis. That’s the good news. 

The bad news is that there’s no reliable way to handicap the outcome of any clinical trial. So, unless you have an exceedingly high tolerance for risk and volatility, it’s probably best to stick to the sidelines with this name for now. 

https://www.fool.com/investing/2020/09/08/why-corbus-pharmaceuticals-is-getting-slammed-toda/