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Friday, December 4, 2020

FDA chief had 'robust discussion' with White House about vaccine timelines

 The U.S. Food and Drug Administration's chief had a "robust discussion" with the White House this week about the timeline for coronavirus vaccine approvals and believes vaccinating 20 million Americans this year is realistic, he said on Friday.

FDA Commissioner Stephen Hahn declined to lay out a specific timetable for approval of the vaccine developed by Pfizer and BioNTech but said he hoped the regulator would make a decision this month.

Many federal officials are expecting a vaccine approval within days of a Dec. 10 meeting of experts, though one FDA official recently said an approval decision could take weeks.

"We expect to move quickly," after that meeting, Hahn told Reuters in an interview.

Britain leapt ahead of the United States this week in approving Pfizer's COVID-19 vaccine, intensifying scrutiny on U.S. regulators as they consider whether to grant emergency use in the country that leads the world in coronavirus infections.

Hahn has come under pressure from outgoing President Donald Trump, who is eager to claim credit for a successful vaccine, to speed up the process.

The FDA head discussed the situation at a White House meeting with chief of staff Mark Meadows earlier this week to explain the timing and the "balancing act" required to make sure a vaccine is safe and effective.

"Mr. Meadows asked for a briefing and we gave it, and it went very well," Hahn told Reuters. "We had a very robust discussion, and I know that term sometimes is loaded, robust, but we did."

Though he declined to give a specific timeline for vaccine approval, Hahn gave a nod to its likelihood by endorsing the White House's goal of having 20 million Americans inoculated by the end of the year.

"I think given what we know about supplies, it is realistic," Hahn said of that goal. "It'll very much depend upon ... the vaccination campaign."

Trump, a Republican who lost the Nov. 3 presidential election to Democrat Joe Biden but has declined to concede the race, said last week he deserved credit for the vaccine.

GETTING TO 20 MILLION

Dealing with the virus that has killed more than 276,000 people in the United States as well as the economic fallout from the crisis is one of Biden's top priorities once he takes office on Jan. 20.

Hahn said Biden's team had not been in touch with him but he would be happy to provide information about the vaccine approval process. The cancer specialist said he had not made plans for a new job after the Biden administration takes over.

To get to 20 million people, the FDA would need to approve both Pfizer's vaccine and the shot developed by Moderna soon so they can go to the states quickly.

Data from late-stage trials of Moderna's vaccine, which uses the same mRNA technology as the Pfizer/BioNTech shot, is due to be reviewed on Dec. 17.

Based on a scenario in which people get two doses, Pfizer plans to provide the United States with enough vaccine for 12.5 million people and Moderna has said it will have enough for 10 million people this year.

Pfizer and Moderna have tested their products as two-shot vaccines given weeks apart, but Hahn said officials at the agency were combing through their data and might consider them as a single-shot if warranted.

"I can't prejudge what our scientists will decide, but we will look at that," Hahn said.

A single shot vaccine would be much easier to manage because it would not require millions of Americans to return for a second shot weeks later, a major logistical challenge for public health officials.

Trump's Operation Warp Speed program has struck deals with several drugmakers in an effort to help speed up the search for effective treatments to fight the global pandemic.

Of the vaccines being evaluated, only Johnson & Johnson's candidate is being tested as a single-shot vaccine.

A speedy vaccine approval could be a political win for Trump's outgoing administration, which has been pushing for effective treatments to help restore a sense of normality to daily life and a hard-hit U.S. economy.

Hahn said he would be eager to be inoculated as soon as there is an approval. "I will be first in line and I will encourage my family to take this vaccine," he said.

https://www.marketscreener.com/quote/stock/ASTRAZENECA-PLC-4000930/news/FDA-chief-had-robust-discussion-with-White-House-about-vaccine-timelines-31938627/

Silverback Therapeutics prices 11.5M-share IPO above range at $21

 

FDA OKs BioCryst Orladeyo to prevent attacks in hereditary angioedema

Precision Bio rises on positive PBCAR0191 data in blood cancers

 

  • Precision BioSciences (NASDAQ:DTIL) announces positive interim results from its Phase 1/2a study of PBCAR0191, an off-the-shelf allogeneic CAR T cell therapy investigational candidate targeting CD19 for the treatment of patients with relapsed/refractory non-hodgkin lymphoma (R/R NHL) and R/R b-cell acute lymphoblastic leukemia (B-ALL).
  • As of the November 16 cutoff, 27 patients including 16 patients with aggressive NHL and 11 patients with aggressive B-ALL were enrolled and evaluated. Response rates across both the cohorts were as follows:
  • PBCAR0191 with enhanced lymphodepletion resulted in objective response rate (ORR) of 83% (5/6) in NHL and B-ALL.
  • At day 28 or later, 75% (3/4) of NHL patients achieved a complete response (CR).
  • Meanwhile, 33% of NHL patients (n=9) across DL2 and DL3 using standard lymphodepletion achieved a CR.
  • 63% of NHL patients across DL1 achieved CR.
  • The longest demonstrated response was > 11 months in a B-ALL patient at DL2.
  • PBCAR0191 demonstrated a clear dose dependent increase in peak cell expansion.
  • Compared to single standard lymphodepletion, enhanced lymphodepletion regimen with PBCAR0191 at DL3 resulted in approx. 95-fold increase in peak cell expansion, and approx. 45-fold increase in area under the curve.
  • This was associated with a higher complete response rate in NHL (75%).
  • PBCAR0191 had an acceptable safety profile with no cases of GvHD, no cases of Grade ≥ 3 CRS, and no cases of Grade ≥ 3 ICANS.
  • Precision hosted a conference call and webcast today at 8:00 a.m. ET to discuss the updated interim clinical data and the learnings for PBCAR0191 from both the cohorts.
  • https://seekingalpha.com/news/3641653-precision-bio-rises-6-on-positive-pbcar0191-data-in-blood-cancers

Late-stage study of Cortexyme's Alzheimer's med atuzaginstat passes interim tollgate

 

  • Cortexyme (NASDAQ:CRTX) announces that, following an interim analysis by the independent Data Monitoring Committee (DMC), the Phase 2/3 clinical trial, GAIN, evaluating lead candidate atuzaginstat (COR388) in patients with mild-to-moderate Alzheimer's disease (AD) will continue unmodified to the one-year time point.
  • The DMC's analysis was based on 300 participants who had reached six months of treatment.
  • Topline data from the fully enrolled population of 643 subjects should be available in a year. The co-primary endpoints are the changes from baseline to week 48 in two AD scales called ADAS-Cog 11 and ADCS-ADL versus placebo. Secondary endpoints include additional efficacy measures.
  • Atuzaginstat targets toxic protease enzymes, or gingipains, produced by a bacterium called Porphyromonas gingivalis (P. gingivalis), an oral pathogen that causes gum disease. The bacterium releases gingipains when it invades the brain. Results from nerve cell cultures showed that atuzaginstat and proprietary gingipain inhibitors protected neurons infected with the bacterium from synapse loss while reducing bacterial load in infected neurons, astrocytes and microglia and protecting against deficits in other pathways impacted by the pathogen.
  • Management hosts a conference call this morning at 8:30 am ET to discuss the tollgate. 
  • https://seekingalpha.com/news/3641654-late-stage-study-of-cortexymes-alzheimers-med-atuzaginstat-passes-interim-tollgate

Sell-siders bullish on Moderna COVID-19 vaccine

 

  • Staying on script, sell-side analysts are on board with Moderna's (NASDAQ:MRNA) mRNA-1273, expected to receive an FDA emergency use nod this month followed by a thumbs up in Europe next month.
  • Jefferies' Michael Yee says antibody levels remain high beyond three months and the trajectory continues to support likely protection against SARS-Cov-2 for about a year, in line with expectations. He sees supply constraints in H1 2021 but believes most Americans who want to be vaccinated should be able to do so by the summer. Investors continue to be concerned about supply issues after Pfizer's (NYSE:PFE) announcement yesterday that supply chain hurdles will constrain 2020 shipments of BNT162b2.
  • Piper Sandler analysts expect positive opinions from the FDA panel meeting on the 17th and the meeting in Europe on January 12 by the advisory group CHMP.
  • Investors clearly agree. Shares are up 704% this year.
  • MRNA is up 1% premarket on light volume.
  • Related tickers: (NASDAQ:BNTX) (-1%), (NYSE:JNJ) (+1%), (NASDAQ:AZN) (+1%)
  • https://seekingalpha.com/news/3641671-sell-siders-bullish-on-moderna-covidminus-19-vaccine

Chembio slumps on delay of U.S. nod for coronavirus antibody test

 

  • Chembio Diagnostics (NASDAQ:CEMI) is down 13% premarket on increased volume in response to its disclosure that the FDA will not prioritize its application for emergency use authorization (EUA) of its DPP SARS-CoV-2 IgM/IgG antibody blood test that is performed on its DPP Micro Reader.
  • In a letter delivered to the company yesterday, the agency stated that, given the volume of EUA requests, it is prioritizing its review of the filings based on a range of factors such as the public health need for the product and its availability. In the case of the antibody combo test, it believes that authorization of the assay would have relatively limited impact on testing accessibility or capacity so it will not review the application at this time.
  • Unsurprisingly, the company believes otherwise and plans to work with the agency to get its application into the review queue, adding that the response letter does not apply to its application for the DPP SARS-CoV-2 Antigen test system filed in October.
  • https://seekingalpha.com/news/3641681-chembio-slumps-13-on-delay-of-u-s-nod-for-coronavirus-antibody-test