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Friday, December 18, 2020

Russia signs more deals with India to make 300M Sputnik V vax doses

 India will produce about 300 million doses of Russia's Sputnik V coronavirus vaccines next year, a Russian official was quoted as saying, nearly three times the previously known number as deals have been signed with more manufacturers.

Russia is already testing the first samples of Sputnik V that were produced in India, its embassy in New Delhi said on Twitter on Friday, sharing a news story https://tass.com/world/1236777/amp in which their vaccine czar Kirill Dmitriev was quoted.

"In India, we have agreements with four large manufacturers," Dmitriev, the head of the Russian Direct Investment Fund (RDIF) told Rossiya 24 TV, according to news agency TASS.

"India will produce about 300 million doses or more of the vaccine for us next year."

India is the world's biggest vaccine maker and its pharmaceutical industry is freeing up capacity and accelerating investments ahead of the global rush for COVID-19 shots.

India's Hetero Biopharma has already announced a deal with the RDIF to make more than 100 million doses of Sputnik V, whose efficacy has been found to be more than 91% in trials done outside India.

It was not immediately clear which other Indian companies would make the vaccine, though Dr. Reddy's Laboratories Ltd is conducting clinical trials of it in India and will also distribute the finished vaccine.

Indian officials have said they may approve some vaccines for emergency use authorization in the coming weeks. So far only three vaccines from Oxford-AstraZeneca, Pfizer /BioNTech and Indian company Bharat Biotech have applied for urgent approval.

India's health ministry on Friday reported 22,890 new coronavirus infections, taking its total to just shy of 10 million. It is the world's second-worst affected country after the United States, which has recorded 16.9 million cases.

India's deaths rose by 338, taking the total to 144,789.

https://www.marketscreener.com/quote/stock/DR-REDDY-S-LABORATORIES-6492671/news/Russia-signs-more-deals-with-India-to-make-300-mln-Sputnik-V-vaccines-32043156/

Biotech, Glaxo Dose Patient in NIH-Sponsored Trial of Covid-19 Treatment

 Vir Biotechnology Inc. and GlaxoSmithKline PLC on Thursday said the first patient had been dosed in a trial to evaluate VIR-7831 to treat hospitalized adults with Covid-19.

The companies said the "randomized, placebo-controlled, multicenter, global Phase 3 trial will investigate the safety and efficacy of VIR-7831 in hospitalized adults with Covid-19."

The trial is being carried out under the auspices of the National Institutes of Health's Accelerating Covid-19 Therapeutic Interventions and Vaccines, or ACTIV, Program Phase 3, the companies said. "ACTIV-3 is one of several ongoing trials in the NIH's ACTIV program, an NIH-led public-private partnership designed to accelerate development of the most promising treatments and vaccine candidates for Covid-19," the companies said.

George Scangos, the chief executive officer of Vir, said, "Recent data suggest that the neutralizing activity of antibodies may be insufficient to protect hospitalized adults from the most severe consequences of Covid-19. We are hopeful that the differentiating factors and broad anti-coronavirus activity of VIR-7831 may allow it to help those patients and add to our preparedness for related coronaviruses that could emerge in the future."

In addition to the Phase 3 ACTIV-3 trial, VIR-7831 is being evaluated in the global Phase 2/3 COMET-ICE trial for the early treatment of Covid-19 in adults at high risk of hospitalization, the companies said.

https://www.marketscreener.com/quote/stock/VIR-BIOTECHNOLOGY-INC-66771988/news/Vir-Biotechnology-Biotech-GSK-Dose-Patient-in-NIH-Sponsored-Trial-of-Covid-19-Treatment-32041304/

China to vaccinate 50M people for Lunar New Year

 China is planning to vaccinate 50 million people against the coronavirus before the start of the peak Lunar New Year travel season early next year, the South China Morning Post reported on Friday.

Beijing is planning to distribute 100 million doses of the two-dose inactivated vaccines made by Chinese firms Sinopharm and Sinovac Biotech Ltd, the report said.

https://www.marketscreener.com/quote/stock/SINOVAC-BIOTECH-LTD-5714593/news/Sinovac-Biotech-China-to-vaccinate-50-mln-people-for-Lunar-New-Year-SCMP-32042239/

Philips buys U.S. cardiac care company BioTelemetry for $2.8B

Philips to buy BioTelemetry for $72 per share

* Offer supported by company at 16.5% premium

* Acquisition to strengthen connected care business

* Philips shares rise 2%

Dutch health technology company Philips is set to buy U.S. cardiac diagnostics and monitoring firm BioTelemetry in a $2.8 billion deal that will strengthen its offering of remote care products.

Philips said on Friday it would pay $72 per outstanding BioTelemetry share in cash, in an offer supported by the U.S. company's board at a 16.5% premium to the stock's closing price on Thursday.

Philips shares gained 2% in early trading, making them one of the biggest risers on Amsterdam's blue chip AEX-index.

BioTelemetry, which has around 1,900 employees, primarily focuses on the diagnosis and remote monitoring of heart rhythm disorders, a business that represented 85% of its $439 million sales last year.

It will become part of Philips' connected care business, which offers a range of platforms and devices that allow patients to stay at home while being monitored.

Philips banks on rising life expectancy and associated chronic diseases to make this business a pillar for future growth. This year the COVID-19 pandemic led to a surge in demand for remote monitoring solutions.

"We have always been very optimistic about connected care," Chief Executive Frans van Houten told reporters.

"With COVID we have seen an acceleration of the demand and we think this acquisition fits perfectly in this era where remote patient monitoring will become ever more important."

Once a sprawling conglomerate, Philips has become purely focused on healthcare after spinning off its lighting and consumer electronics divisions in recent years.

Philips said BioTelemetry was expected to deliver double-digit growth and improve its adjusted earnings before interest, tax and amortisation (EBITA) margin to more than 20% by 2025.

The company, which expects to complete the purchase in the first quarter of 2021, said the acquisition would have boost its own sales growth and profit margin from next year.

https://www.marketscreener.com/quote/stock/BIOTELEMETRY-INC-13962890/news/Philips-buys-U-S-cardiac-care-company-BioTelemetry-in-2-8-bln-deal-32043128/

Moderna's Covid-19 Vaccine Could Widen Immunization Effort

 Health officials across the U.S. are counting on the arrival of a second Covid-19 vaccine to boost scarce supplies and sidestep logistical issues encountered by the first vaccine, which began distribution this week.

The U.S. Food and Drug Administration may issue an emergency authorization for a vaccine from Moderna Inc. as early as Friday after an advisory panel recommended the agency approve its use. If authorized, Moderna's vaccine will join a vaccine from Pfizer Inc. and BioNTech SE that received authorization on Dec. 11.

The green light would nearly double this month's expected U.S. supply of Covid-19 vaccine doses and help meet a federal goal of getting a vaccine to anyone who wants one by the spring or summer of 2021. Moderna expects to add 20 million doses of its vaccine to Pfizer's expected U.S. supply of 25 million in December.

"The addition of the Moderna vaccine to the response will be huge," said Claire Hannan, executive director of the Association of Immunization Managers, whose members direct state vaccination efforts. Not only will the Moderna vaccine boost the supply of doses, but also it will "be much easier to send [it] to smaller providers and rural areas," she said.

Moderna's vaccine has easier storage and handling requirements and will be shipped in smaller quantities, health officials say. It can be stored in most standard medical freezers, while Pfizer's must be shipped and kept at ultracold temperatures requiring either specialized freezers or dry ice, resources more common in large hospital systems and urban areas.

Once thawed, Moderna's vaccine can be kept refrigerated for 30 days, while Pfizer's can stay refrigerated for only five days after thawing.

Moderna's vaccine also can be shipped in containers with as few as 100 doses, while Pfizer's minimum order size is about 975 doses.

Pfizer's larger minimum order size "poses challenges especially in rural areas of the country where that volume of product is more difficult to manage," Anita Patel, deputy of the vaccine task force at the Centers for Disease Control and Prevention, said during an FDA advisory panel meeting on Dec. 10.

"This ultracold really, really makes it difficult to plan, based on the large quantity, and then also the ability of our partners to vaccinate during that time frame," said Rich Lakin, immunization director for the Utah Department of Health. It is directing doses to hospitals, local health departments and pharmacies in the state.

Both vaccines are highly effective in preventing Covid-19 and use a similar gene-based technology. Pfizer's vaccine was 95% effective at preventing disease in a study of 44,000 people, while Moderna's was 94.1% effective in a 30,000-person study. Both vaccines were developed and tested at unprecedented speed.

Both vaccines also require people to come back three or four weeks later for a second dose. However, Moderna's can be injected into people as is, while Pfizer's has to be diluted in a separate solution before injection.

"Moderna definitely makes it easier from a logistics standpoint," said Kristen Ehresmann, director of the infectious disease division with the Minnesota Department of Health. "It will help to fill in gaps for greater Minnesota, for the more rural parts of our state. Some areas of the state may not have access until the Moderna vaccine comes along."

Federal and state officials said they have shaped their distribution strategies around the different features of the vaccines.

A Pfizer spokesman said the company's supply-chain infrastructure is designed to ensure that people can get access to vaccine doses that meet its temperature requirements. A Moderna spokesman said the company has worked to improve the storage and shipping requirements for its vaccine, and stability testing this year has shown that it can be kept at higher temperatures.

A Covid-19 vaccine authorization would be Moderna's first government clearance for a drug or vaccine in the 10 years since the company was formed to try to exploit an emerging gene-based technology. Anticipation of the Covid-19 vaccine has catapulted Moderna into the ranks of the most highly-valued drug companies, giving it a market capitalization of $54 billion.

The authorization would also validate the gene-based technology that Moderna has used to develop more than 20 other products for various diseases. FDA approval would signal that the technology could yield future vaccines and drugs using the same basic building blocks behind the Covid-19 vaccine.

Moderna and Pfizer are ramping up production, but so far the U.S. has committed to buying more of Moderna's vaccine. On Dec. 11, the U.S. government agreed to double its purchase of Moderna's vaccine to 200 million doses by the end of June. Pfizer has agreed to supply 100 million doses, though federal officials are in talks to secure additional doses, Secretary of Health and Human Services Alex Azar told reporters on Wednesday.

Initially, when supplies are limited, both vaccines are being reserved for health-care workers and residents of nursing homes and other long-term care facilities. As more doses become available, next in line are expected to be other essential workers, like police and teachers, senior citizens and people with underlying health conditions that put them at higher risk of severe Covid-19 disease.

Additional vaccines could also boost the mass immunization campaign if they prove successful in testing and are authorized for use.

Johnson & Johnson is testing a single-dose vaccine and expects to have results of a study of its vaccine in more than 40,000 people in January. That vaccine, unlike Pfizer's and Moderna's, wouldn't require patients to take a second dose, and the company may seek U.S. authorization in February, if results are positive.

https://www.marketscreener.com/quote/stock/MODERNA-INC-47437573/news/Moderna-s-Covid-19-Vaccine-Could-Widen-Immunization-Effort-32044403/

Mesoblast hit as stem-cell therapy not likely to meet target for reducing Covid mortality

 

  • Mesoblast (NASDAQ:MESO) slumps 32% after-hours after an update on remestemcel-L trial in ventilator-dependent patients with moderate to severe acute respiratory distress syndrome (ARDS) due to COVID-19.
  • Data Safety Monitoring Board (DSMB) performed a third interim analysis on the trial’s first 180 patients.
  • The trial was powered to achieve a primary endpoint of 43% reduction in mortality at 30 days for treatment with remestemcel-L on top of maximal care in a trial of 300 patients.
  • During the initial stages of the pandemic, control mortality rates were exceedingly high and prior treatment regimens have reduced disease mortality in ventilated patients.
  • DSMB noted that the trial is not likely to meet the 30-day mortality reduction endpoint at the planned 300 patient enrolment. However, there were no safety concerns.
  • The DSMB recommended that the trial complete with the currently enrolled 223 patients, and that all be followed-up as planned.
  • Notably, the trial has not yet accrued data on the secondary endpoints. Additionally, measures of circulating cytokines and inflammatory markers will be evaluated.
  • Mesoblast and Novartis (NYSE:NVS) will both analyze these results to identify meaningful clinical outcomes that may guide decisions on the development program for remestemcel-L in non-COVID ARDS.
  • On November 2020, Mesoblast collaborated with Novartis to develop COVID-19/ARDS stem cell therapy.
  • https://seekingalpha.com/news/3645598-mesoblast-shares-plunge-32-after-stem-cell-therapy-not-likely-to-meet-target-for-reducing

Oyster Point Pharma files US application for its lead program in dry eye