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Thursday, December 10, 2020

Twist Bioscience launches gene fragments for clone screening

 

  • Twist Bioscience (TWST +5.1%) has launched Clonal-Ready Gene Fragments, with and without adapters, can be used to build constructs and minimize the time and cost of screening for perfect clones.
  • The Fragments begin as oligonucleotides synthesized on Twist Bioscience’s semiconductor-based silicon platform. The oligonucleotides are then annealed together and PCR-amplified to produce a double-stranded DNA fragment and error-corrected through an enzymatic reaction. The resulting product is a ready-to-use Gene Fragment that is compatible with many applications including cloning, gene and protein expression, pathway and enzyme engineering and enzyme optimization.
  • https://seekingalpha.com/news/3643426-twist-bioscience-launches-gene-fragments-for-clone-screening

Oak Street Health rises after Raymond James nod

 

  • Trusting the management’s 40%+ CAGR targeted for the intermediate future, Raymond James initiates coverage on Oak Street Health (OSH) with an ‘outperform’ rating.
  • With over 70% YoY revenue growth in both 2018 and 2019, the company operating primary care centers for Medicare beneficiaries has benefitted from “two most attractive areas within the healthcare services ecosystem: the growth in Medicare Advantage (up 7% in 2019) and value-based care,” the analysts note.
  • The price target at $65 assumes “a significant upside to estimates” from the company’s Medicare direct contracting model, to be unveiled in 2021.
  • Noting favorable outcomes for the company's patient populace with Medicare Advantage, the researchers highlight the ability of Oak Street Health to benefit from the growth in Medicare spending as it adds new centers.
  • Since its market debut in August, the shares have risen +35%, well outperforming the 11% gain in the S&P 500.
  • https://seekingalpha.com/news/3643398-oak-street-health-rises-2-after-raymond-james-nod

AstraZeneca, J&J COVID-19 shots must succeed to meet U.S. vaccination goal: Slaoui

 The U.S. government caught some heat earlier this week on news that it had signed an agreement to take just 100 million doses of Pfizer’s mRNA COVID-19 vaccine, which could win emergency use authorization (EUA) from the FDA as soon as tonight. Since that’s only enough doses for 50 million people, it won’t do much to help the U.S. reach its goal of vaccinating all Americans by summer—even if Moderna’s rival mRNA vaccine nabs an EUA next week, as expected.

Could COVID-19 shots from AstraZeneca and Johnson & Johnson get the U.S. to its goal? Yes, Moncef Slaoui, Ph.D., co-leader of the U.S. government’s Operation Warp Speed, said yesterday. Slaoui expressed confidence those vaccines would also succeed, in spite of serious questions that have been raised about AstraZeneca’s contender.

Data from the phase 3 trials of J&J’s and AstraZeneca’s shots, which are non-replicating viral vector vaccines, are expected by early February, Slaoui said at the Milken Institute’s 2020 Future of Health Summit. “These two technologies are actually easier to scale up in very high numbers of doses, in terms of capacity, than the messenger RNA technology,” that Pfizer and Moderna use, he said.

AZ and J&J are expected to provide 150 million to 200 million doses total of their vaccines in the first quarter of next year if they get the FDA’s nod, Slaoui said. With J&J's vaccine potentially only requiring one dose—the others are two-dose regimens—that’s enough to vaccinate up to 150 million people. Add that to the 100 million people who will be covered by Pfizer’s and Moderna’s COVID-19 vaccines, and the U.S. should be well on its way to reaching its vaccination goal, Slaoui said.

Several additional vaccines are also in the pipeline, leaving Slaoui “confident we can cover the U.S. population within the first half of 2021,” he said.


AstraZeneca’s road to market has been anything but bump-free, however. After interim data released last month showed that its COVID-19 vaccine was only a combined 70% effective in late-stage trials, the journal The Lancet published updated results on Tuesday that didn’t do much to raise hopes for the vaccine.

The Lancet data showed that the standard two-dose regimen of AstraZeneca’s vaccine was 62% effective in preventing COVID-19—a result that pales in comparison to the 90%-plus effectiveness of the mRNA vaccines. And AstraZeneca has yet to explain why there was a 90% efficacy rate among patients who had inadvertently received a half-dose in the trials.

The updated data from AstraZeneca also states that one case of transverse myelitis, a dangerous inflammatory reaction, could have been related to the vaccine. There have been no serious side effects reported in the Pfizer and Moderna trials, though regulators in Britain—where the Pfizer vaccine is already being administered—did warn that people with a history of severe allergic reactions should not get the shot.

AstraZeneca’s U.S. trial has recruited more than 17,000 subjects, Slaoui said. The company is hoping to offer healthcare providers a logistical benefit in that its shot can be transported at refrigerator temperatures, rather than the sub-zero temps required for mRNA vaccines.

Still, AstraZeneca’s less-than-stellar clinical trial results prompted analysts at Evaluate Vantage to declare that it “looks increasingly like an also-ran” and that ultimately it may not succeed in western markets.


J&J seems to be having considerably more luck with its vaccine candidate. The company said Wednesday it is scaling back its pivotal U.S. trial, enrolling just 40,000 volunteers, down from the original plan of 60,000. The reason? The high rate of COVID-19 infection in the U.S. should allow it to generate sufficient data with a smaller pool of participants, J&J said.

Slaoui said the J&J trial has already enrolled more than 35,000 volunteers, indicating it could wrap up soon. A readout from that trial could come in early January, he said.

All in all, Slaoui expressed optimism that Operation Warp Speed’s strategy would prove smart, despite the brouhaha over the government’s small order of Pfizer’s vaccine.

“We decided on Day 1 that we were not going to bet on only one vaccine. In fact, we selected four different platform technologies,” he said. The government is “very pleased” that the two mRNA vaccines “are on the verge of approval in the U.S., with one of them approved in the U.K.,” he added.

https://www.fiercepharma.com/pharma/covid-19-shots-from-astrazeneca-and-j-j-must-succeed-to-meet-us-vaccination-goal-slaoui

TG Therapeutics soars on positive ublituximab data in multiple sclerosis

 

  • TG Therapeutics (NASDAQ:TGTX) jumps 23% premarket on positive topline results from two global, Phase 3 studies, called ULTIMATE I & ULTIMATE II, evaluating ublituximab, an investigational, glycoengineered anti-CD20 monoclonal antibody, compared to teriflunomide in patients with relapsing forms of multiple sclerosis (RMS).
  • The ULTIMATE I & II trials enrolled a total of 1,094 patients. Both studies met their primary endpoint with ublituximab treatment demonstrating a statistically significant reduction in annualized relapse rate (ARR) over a 96-week period (p<0.005 in each trial).
  • Ublituximab resulted in an ARR of <0.10 in each of ULTIMATE studies, with a relative reduction in ARR of ~60% and 50%, respectively, over teriflunomide.
  • Further analyses of both the studies including safety and secondary endpoints will be presented at an upcoming medical congress, targeted in H1 2021.
  • Additionally, data from these studies are intended to support a BLA submission for ublituximab in RMS targeted in mid-year 2021.
  • The company hosted a conference call today at 8:30 AM ET to discuss the ULTIMATE I & II topline results.
  • https://seekingalpha.com/news/3643233-tg-therapeutics-soars-23-on-positive-ublituximab-data-in-multiple-sclerosis

CureVac cut to Sell equivalent at Credit Suisse: 'vaccine overvalued'

 

Tenet to acquire Surgery Centers Portfolio from SurgCenter Development

 

  • Tenet Healthcare (NYSE:THC) plans to acquire a portfolio of up to 45 ambulatory surgery centers from SurgCenter Development (SCD) which will be operated by the former's United Surgical Partners International (USPI) subsidiary as part of its industry-leading ambulatory surgery platform.
  • SCD is a developer of physician-owned ASCs with a history of establishing high-quality centers in partnership with physicians with demonstrated leadership in musculoskeletal surgeries.
  • Under transaction terms, the company will purchase majority interests (60%) in up to 45 centers fully acquiring SCD's interests, and partially acquiring interests from physician partners, for ~$1.1B in cash and the assumption of ~$18M of center-level debt.
  • Tenet will consolidate the financial results of the Portfolio within its Ambulatory Care segment; expects transaction to generate double-digit returns on invested capital within three years of completion, along with ~28% accretion to EPS in 2021.
  • The company expects to realize ~$40M to $50M of annual run-rate synergies over the next three years.
  • Transaction will be financed using balance sheet cash.
  • Majority of the centers have been acquired while remainder of the portfolio will be acquired by the end of 2020 taking USPI's surgical portfolio to as many as 310 ambulatory surgical facilities, including 24 surgical hospitals, in 33 states.
  • https://seekingalpha.com/news/3643250-tenet-to-acquire-surgery-centers-portfolio-from-surgcenter-development

DiaMedica up on successful FDA meeting for acute ischemic stroke study

 

  • DiaMedica Therapeutics (NASDAQ:DMAC) has recently received responses from the FDA following a Type B Pre-IND meeting request, submitted in October 2020 regarding the development plan for its product candidate, DM199, in the treatment of acute ischemic stroke (AIS).
  • The Agency agreed with DiaMedica’s proposals regarding plans for an adaptive trial design with a primary endpoint based upon the modified Rankin Scale (mRS) at day 90 and acknowledged that, provided the study results qualify, a single trial may support a Biologics License Application (BLA) submission. Secondary endpoints are anticipated to include stroke recurrence and standard stroke measures.
  • The FDA has not recommend any additional studies in preparation for an IND.
  • The company plans to submit an investigational new drug (IND) application to the FDA for a Phase 2/3 study in Q1 2021 and expects to enroll ~300 to 350 subjects age 18 and over.
  • Ischemic stroke is characterized by the sudden loss of blood circulation to an area of the brain, resulting in a corresponding loss of neurologic function. AIS is caused by thrombotic or embolic occlusion of a cerebral artery.
  • https://seekingalpha.com/news/3643277-diamedica-rises-6-on-successful-type-b-meeting-fda-for-dm199-study-in-acute-ischemic-stroke