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Tuesday, December 8, 2020

FDA Set to Release Analyses of the Pfizer-BioNTech Covid-19 Vax

 The Food and Drug Administration is set to release detailed analyses of the first Covid-19 vaccine being considered for U.S. distribution, providing the foundation for Thursday's pivotal meeting of a panel that will advise on its possible approval for emergency use.

The agency is expected Tuesday to release two separate analyses, one from its own staff scientists and one from the vaccine's manufacturers, Pfizer Inc. and German partner BioNTech SE.

Both are likely to number in the hundreds of pages, and will document findings that show the vaccine's effectiveness. Pfizer reports its vaccine is 95% effective at protecting against symptomatic Covid-19, and the U.K. approved its use last week.

Among other issues, the data are expected to show how the vaccine works with different age, ethnic and other demographic groups. The FDA has advised vaccine companies that these subgroup analyses will help overcome any hesitancy among Americans to be vaccinated.

A positive recommendation from the advisory panel is likely to lead to the FDA's formally granting an emergency-use authorization of the vaccine in a matter of days.

There is limited information available about the vaccine's safety and efficacy beyond Pfizer's announcement last month, which was made via press release. The data hasn't been published in a medical journal, as Pfizer says it will monitor subjects in the 44,000-person study for two years to assess how long protection provided by the vaccine may last.

The analysis released Tuesday could include more insight into the two months of safety data on about 19,000 study subjects requested by the FDA. No serious side effects were observed in the late-stage study, and the vaccine appears to be well tolerated, Pfizer has said.

The efficacy was determined after 170 subjects in the 44,000-person trial became sick with symptomatic Covid-19, triggering an analysis by an outside panel of experts that found that most of those subjects had received a placebo rather than the vaccine. Researchers looked at how well the shots worked seven days after a study volunteer got a second dose.

The sick participants included 10 whose cases of Covid-19 were severe. Nine had received the placebo and one the vaccine.

The FDA has held advisory-committee hearings on hundreds of products over the years, but rarely has there been the kind of intense interest as in this week's planned hearing. This is largely due to the fast increase in cases of the illness, which has created the largest pandemic in a century.

Johns Hopkins University on Monday reported that U.S. cases were approaching 15 million, and that U.S. deaths already topped 283,000.

The FDA has sped up its traditional monthslong approval processes by considering Pfizer's Covid-19 vaccine for emergency-use authorization. These authorizations, in essence, involve balancing risks and benefits.

But because vaccines, unlike most drugs, are given to healthy people, the FDA has still insisted on rigorous standards--including opening this Thursday's meeting to the public and making public the companies' and agency's analyses.

The FDA insisted it wouldn't consider a vaccine unless it lowered the rate of disease by 50% or more when compared with a placebo. And it said that half of patients in any vaccine study would need to be followed for at least two months after inoculation to ensure that major side effects didn't occur and that the vaccine's effectiveness lasted.

Federal officials have estimated that U.S. vaccine deliveries during December will be enough for about 20 million people. That compares with 24 million people in the U.S., such as health-care workers and residents of long-term care facilities, who are in priority groups for vaccines.

A second vaccine from Moderna Inc. is set for a similar review next week.

https://www.marketscreener.com/quote/stock/PFIZER-INC-23365019/news/FDA-Set-to-Release-Analyses-of-the-Pfizer-BioNTech-Covid-19-Vaccine-31961350/

Qiagen issues outlook for 2020 and 2021

 

  • Qiagen (NYSE:QGEN) provides FY 2020 outlook for growth of net sales and adjusted EPS and is looking forward to another strong performance in 2021.
  • The company expects net sales for Q4 to grow at least 32% at CER, and for adjusted EPS to increase to ~$0.64-0.65 CER.
  • FY 2020 net sales now expected to grow ~22% CER and adjusted EPS to reach $2.13-2.14 CER.
  • Outlook for full-year 2021 raised to 18-20% CER net sales growth and adjusted EPS of $2.42-2.46 CER
  • Additionally, Qiagen announced that its Supervisory Board plans to expand the number of members from the current level of six to complement and enhance the Board’s already extensive expertise and experience in Life Sciences and diagnostics.
  • The company plans to hold a Virtual Deep Dive today, from 10:30-13:00 EST to provide a strategic and financial update.
  • https://seekingalpha.com/news/3642371-qiagen-issues-outlook-for-2020-and-2021

U.K. rolls out COVID-19 vaccine to public

 

  • British health authorities have begun rolling out the first doses of a widely tested and reviewed COVID-19 vaccine, starting a global immunization program, reports The Washington Post.
  • The first shot came on Tuesday morning at one of a network of hospital hubs where the initial phase of the U.K. program will be rolled out on what has been dubbed “V-Day.”
  • The first recipient was grandmother Margaret Keenan, who turns 91 next week. She received the shot at University Hospital Coventry at 6:31 a.m. (U.K. time, 07.31 CET). Among those older Britons scheduled to get vaccinated is Hari Shukla, of Newcastle.
  • British health authorities have begun rolling out the first doses of a widely tested and reviewed COVID-19 vaccine, starting a global immunization program, reports The Washington Post.
  • The first shot came on Tuesday morning at one of a network of hospital hubs where the initial phase of the U.K. program will be rolled out on what has been dubbed “V-Day.”
  • The first recipient was grandmother Margaret Keenan, who turns 91 next week. She received the shot at University Hospital Coventry at 6:31 a.m. (U.K. time, 07.31 CET). Among those older Britons scheduled to get vaccinated is Hari Shukla, of Newcastle.
  • The first 800,000 doses are going to people over 80 who are either hospitalised or already have outpatient appointments scheduled, along with nursing home workers.
  • Most of the people will have to wait until next year to be dosed as at present only those who are most at risk will be vaccinated.
  • The U.K. is getting a head start on the project after British regulators on Dec. 2 gave emergency nod to the vaccine developed by Pfizer (NYSE:PFE) and Germany’s BioNTech (NASDAQ:BNTX).
  • U.S. and European Union authorities are also reviewing the vaccine, alongside rival products developed by Moderna (NASDAQ:MRNA), and a collaboration between Oxford University and drugmaker AstraZeneca (NASDAQ:AZN).
  • The first shipments of the Pfizer-BioNTech vaccine were delivered to a selected group of U.K. hospitals on Sunday.
  • In England, the vaccine will be delivered at 50 hospital hubs in the first wave of the program. Northern Ireland, Scotland and Wales are making their own plans under the U.K.’s system of devolved administration.
  • On Saturday, Russia began vaccinating thousands of doctors, teachers and others at dozens of centers in Moscow with its Sputnik V vaccine.
  • COVID-19 vaccine-related names: Johnson & Johnson (NYSE:JNJ), Merck (NYSE:MRK), Sanofi (NASDAQ:SNY), GlaxoSmithKline (NYSE:GSK), Dynavax (NASDAQ:DVAX), Novavax (NASDAQ:NVAX).
  • Previously: U.K. could roll out vaccines from Astra-Oxford, Pfizer in December (Nov. 24)
  • https://seekingalpha.com/news/3642355-u-k-rolls-out-covidminus-19-vaccine-to-public-report

'Vaccine Summit' at the White House

 

  • U.S. hospitals are rushing to firm up plans for deciding which high-priority groups can receive the COVID-19 vaccine first, with initial supplies widely expected to fall short.
  • December vaccine deliveries are forecast to only be enough for about 20M people, according to federal officials, slightly less than the 24M needed to vaccinate all front-line medical professionals and long-term care residents.
  • President Trump is also expected to sign an "America First" executive order today designed to ensure that U.S. efforts to assist other countries in vaccinating their populations against COVID-19 take on a lower priority than domestic inoculations.
  • The "Vaccine Summit" at the White House will also feature talks with administration officials and drug distributors, who will discuss the process of reviewing vaccine candidates and distributing them, just days before the FDA is expected to authorize a promising vaccine made by Pfizer (NYSE:PFE). However, both Pfizer and Moderna (NASDAQ:MRNA), the two major drug manufacturers likely to receive emergency authorizations for their vaccines, have rejected invitations from Trump to appear at the summit, STAT reports.
  • Can your boss fire you if you refuse to get a COVID vaccine? Yes, but there are may be a few exceptions (medical reasons, if the workforce is unionized, or if taking it is against a "sincerely held" religious belief).
  • Roughly four in 10 Americans say they would "definitely" or "probably" not get a vaccine, according to a recent survey by Pew Research. To achieve herd immunity, experts say that about 70% of the population needs to be vaccinated or have natural antibodies.
  • https://seekingalpha.com/news/3642363-stage-set-for-vaccine-summit-white-house

Monday, December 7, 2020

Hailing 'turning point', Britain begins roll-out of Pfizer's COVID-19 vaccine

 Britain will start rolling out the COVID-19 vaccine developed by Pfizer and BioNTech on Tuesday, the first Western country to start vaccinating its general population in what was hailed as a decisive watershed in defeating the coronavirus.

The mass inoculation will fuel hope that the world may be turning a corner in the fight against a pandemic that has crushed economies and killed more than 1.5 million, although ultra-cold storage and tricky logistics will limit its use for now.

Britain is the worst-hit European country from COVID-19, with over 61,000 deaths, but Prime Minister Boris Johnson hopes to turn the tide against the disease by rolling out the Pfizer/BioNTech vaccine before the United States or European Union.

Britain approved the vaccine for emergency use less than a week ago, and is rolling it out through its National Health Service (NHS).

“The deployment of this vaccine marks a decisive turning point in the battle with the pandemic,” said NHS chief executive Simon Stevens. “NHS staff are proud to be leading the way as the first health service in the world to begin vaccination with this COVID jab”

In total Britain has ordered 40 million doses of the Pfizer/BioNTech shot. As each person requires two doses, that is enough to vaccinate 20 million people in the country of 67 million.

About 800,000 doses are expected to be available within the first week, with care home residents and carers, the over 80s and some health service workers the top priority to get them.

The roll-out provides a test case for Pfizer and BioNTech’s distribution networks. The shot must be stored at -70C (-94F) and only lasts five days in a regular fridge.

While Britain is relatively small and has good infrastructure, the logistical challenges mean it will first be applied in 50 hospitals and cannot yet be taken into care homes.

Pfizer and BioNTech said their shot proved 95% effective in preventing illness in final-stage trials. In all, Britain has ordered 357 million doses of seven different COVID-19 vaccines.

Russia and China have both started giving vaccine candidates to their populations before final safety and efficacy trials have been completed.

https://www.reuters.com/article/us-health-coronavirus-britain-vaccine/hailing-turning-point-britain-begins-roll-out-of-pfizers-covid-19-vaccine-idUSKBN28I01T

JD Health shares soar nearly 50% in Hong Kong trading debut

 JD Health International Inc shares rose as much as 46.5% above the issue price in their Hong Kong trading debut on Tuesday, following an initial public offering (IPO) that was the city’s largest of 2020.

JD Health is a subsidiary of e-commerce giant JD.com Inc specialising in online medical consultation and pharmaceutical sales.

It was valued at $29 billion ahead of the debut but the share price increase now puts that valuation nearer $39 billion.

The company sold the shares at HK$70.58 each to raise $3.48 billion. The stock opened at HK$94.50 before rallying to as high as $HK103.3, becoming Hong Kong’s most actively traded stock by turnover early in the session.

The stock bucked a downward trend in the broader local market as the benchmark Hang Seng Index fell 0.4%.

Kingston Securities executive director of research Dickie Wong said with market capitalisation of that size, JD Health would likely be fast-tracked into the Shanghai Hong Kong Stock Connect and the Hang Seng technology index.

“Investors are thinking they don’t want to wait to buy the stock,” he told Reuters.

“Once the stock moves into the tech index, then index funds have to buy it no matter what they think of the company so investors are taking advantage of the likely move now.”

The rise in JD Health’s first-day trading could make it vulnerable to a sell-off in the next few days, said Everbright Sun Hung Kai research analyst Kenny Ng.

“JD Health provides a good opportunity for profit-taking in short term if its share price is above $HK100 since IPO investors have already got around 40% return,” he said.

The firm’s IPO prospectus showed it had 72.5 million annual active users as of June 30 versus 53.5 million at the same time last year.

Its IPO was the largest in Hong Kong in 2020, followed by China Bohai Bank Co Ltd’s $2.05 billion listing in July. Dealmakers expect more activity to unfold during December.

The float has taken Hong Kong’s IPO proceeds to over $25 billion in 2020, from over 100 individual deals, on track for the best year in a decade, Refinitiv data showed.

Adding secondary listings - including JD.com’s $4.4 billion transaction in June - the value reaches $39.1 billion so far this year.

https://www.reuters.com/article/us-jd-hlth-intl-listing/jd-health-shares-soar-nearly-50-in-hong-kong-trading-debut-idUSKBN28I07K

Valneva accelerates Lyme disease vaccine R&D project with Pfizer

 Valneva has said it plans to accelerate research into its Lyme disease vaccine candidate VLA15, bringing forward a trial including children into the first quarter of 2021.

Subject to approval from regulators the vaccine specialist said it plans the trial known as VLA15-221 as a randomised, observer-blind phase 2 study including around 600 healthy people aged 5-65 years of age.

They will receive VLA15 at the dose of 180 micrograms, which was selected based on data from two ongoing phase 2 studies.

First data from the study is expected by the second quarter of 2022 and all three studies will support a phase 3 pivotal efficacy trial including all main target populations for the Lyme vaccine, starting in 2022.

Starting the next phase 2 study will trigger a milestone payment from Pfizer to Valneva of $10 million under a collaboration announced in April this year.

Under the agreement Valneva could receive up to $308 million in cash payments, after Pfizer paid $130 million up front for marketing rights to the vaccine if it succeeds in the clinic.

Pfizer will pay up to $45 million in development related milestone payments and up to $143 million if the vaccine hits early sales targets.

Valneva is paying 30% of development costs and in return Pfizer will pay tiered royalties starting at 19% and will lead late-stage development.

VLA15 is the only active Lyme disease vaccine in clinical development today, and covers six strains that are prevalent in North America and Europe.

This investigational multivalent protein subunit vaccine targets the outer surface protein A (OspA) of the bacterium Borrelia that causes the disease, an established mechanism of action for a Lyme disease vaccine.

OspA is one of the most dominant surface proteins expressed by the bacteria when present in the ticks that spread the disease.

VLA15 has demonstrated a promising immune response and safety data in pre-clinical and clinical studies so far.

https://pharmaphorum.com/news/valneva-accelerates-lyme-disease-vaccine-rd-project-with-pfizer/