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Wednesday, April 21, 2021

Could a Food Preservative Slow Cognitive Decline in Dementia Patients?

 Only women seemed to reap a cognitive benefit from sodium benzoate, according to exploratory data from researchers in Taiwan.

In a post hoc secondary analysis of a randomized trial, 30 women with later-phase Alzheimer's disease or vascular dementia saw a significant improvement in cognitive scores with six weeks of sodium benzoate treatment, reported Hsien-Yuan Lane, MD, PhD, of China Medical University Hospital in Taichung, and colleagues, in JAMA Network Open.

As measured by the 70-point Alzheimer disease assessment scale-cognitive subscale (ADAS-cog) with higher scores indicating more impairment, this improvement was marked by an average drop of 3.1 points versus no point change for women on placebo (Cohen d=0.56, P=0.04).

However, this therapy didn't evoke a behavioral benefit, as measured by Behavioral Pathology in Alzheimer Disease Rating Scale scores (z=0.18, P=0.86), according to the researchers.

Men saw no cognitive nor behavioral benefit with six weeks of sodium benzoate treatment in the analysis, they noted.

Sodium benzoate acts as an indirect NMDA receptor (NMDAR) enhancer. It is most commonly used as a preservative in packaged and processed foods and beverages. The chemical compound, which appears as a crystalline powder, is made from combining benzoic acid and sodium hydroxide.

The authors reported that there were some slight hormonal changes in women in the study, as benzoate treatment was significantly tied to an increase in estradiol to follicle-stimulating hormone (FSH) ratios in women compared with those on placebo (mean difference between baseline and endpoint 0 versus -0.1 with placebo, P=0.03). Despite this statistically significant change, the researchers pointed out this "minor" difference in ratio was likely too small to hold any clinical relevance.

However, the individual endpoint differences in estradiol (26.3 pg/mL with benzoate vs 23.5 pg/mL with placebo) and FSH (48.0 mIU/mL vs 45.9 mIU/mL, respectively) levels by the close of the trial didn't significantly differ among women.

The original randomized study was a 6-week trial that included a total of 97 patients (average age 75) from three major Taiwanese medical centers; in the original analysis, sodium benzoate appeared ineffective. All participants (n=62 women) were deemed to have probable Alzheimer's disease as defined by National Institute of Neurological and Communicative Diseases and Stroke/Alzheimer's Disease and Related Disorders Association criteria or probable vascular dementia, according to National Institute of Neurological Disorders and Stroke and Association Internationale pour la Recherche et l'Enseignement en Neurosciences criteria.

The majority of the men and women included had a Clinical Dementia Rating of 1 at baseline, indicating moderate disease. About a third of the cohort had a score of 2, indicating severe memory loss, and a handful of participants had a score of 3, the most severe stage of disease.

Patients randomized to sodium benzoate started on an initial dose between 250 to 500 mg per day, which was increased in biweekly increments of 250 to 50 mg daily if indicated, to a threshold dose of 1,500 mg per day.

Lane's group said these findings build upon some of their previous research, which suggested a cognitive functional benefit with sodium benzoate in both men and women with early-phase dementia.

They added that because this current post-hoc analysis only found a benefit in females with later-phase dementia, this lends support "to the previous notion that women may be more susceptible to NMDAR modulation than males, which was based upon animal study."

"Sodium benzoate has antibacterial and antifungal activity," the researchers also pointed out, as one possible mechanism of action to this therapy.

"Accumulating evidence shows the role of brain-gut-microbiota axis in neuropsychiatric disorders. It is of interest to investigate the role of gut microbiota before and after treatment of benzoate in the future," they suggested.

A study limitation was the short 6-week duration. Lane's group noted that sodium benzoate has shown some success in prior studies in improving psychotic symptoms in schizophrenia, but those trials also utilized a much higher average dose (either 1,000 or 2,000 mg daily at week 6) than the current study.

"Whether sodium benzoate can help at least a portion of dementia patients, such as women or patients at a younger age and earlier phase of illness, deserves more studies with longer duration and higher doses (and perhaps also lower doses) for confirmation," they concluded.


Disclosures

The study was supported by Taiwan Ministry of Science and Technology, the National Health Research Institutes, Kaohsiung Chang Gung Memorial Hospital, and China Medical University Hospital in Taiwan.

Lin and co-authors disclosed no relevant realtionships with industry.

Epilepsy medical device developer NeuroPace prices upsized IPO at $17 high end

 NeuroPace, which makes a brain-responsive neuromodulation system for drug-resistant epilepsy, raised $102 million by offering 6 million shares at $17, the high end of the price range of $15 to $17. The company offered 0.7 million more shares than anticipated.


NeuroPace states that its novel and differentiated RNS System is the first and only commercially available, brain-responsive neuromodulation system that delivers personalized, real-time treatment at the seizure source. Its RNS System is also the only commercially available device that records continuous brain activity data and allows clinicians to monitor patients not only in person, but also remotely. As of December 31, 2020, over 3,000 patients have received NeuroPace's RNS System.

NeuroPace plans to list on the Nasdaq under the symbol NPCE. J.P. Morgan, Morgan Stanley and Wells Fargo Securities acted as lead managers on the deal.

Biotech holding company Centessa Pharmaceuticals files for a $100 million US IPO

 Centessa Pharmaceuticals, a biotech holding company carved out of Medicxi, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.


Centessa is a biotech holding company that was founded on the observation that "asset-centric" drug development companies experience a higher probability of clinical success. The company's portfolio is comprised of 10 life science companies previously owned by either Medicxi or Index Ventures which represent 16 development programs with clear biological rationale, four of which are in clinical development. The company has stated it expects to present more than 12 clinical readouts over the next three years, including three this year. 

The Cambridge, United Kingdom-based company was founded in 2020 and plans to list on the Nasdaq under the symbol CNTA. Centessa Pharmaceuticals filed confidentially on March 15, 2021. Morgan Stanley, Goldman Sachs, Jefferies and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.

Higher corporate tax rate? Johnson & Johnson CEO Gorsky's not on board

 Pharma and biotech companies scored a big win under former President Donald Trump’s tax reform act. Now with Democrats in charge and eying a higher corporate rate, Johnson & Johnson is the first big pharma to speak out against the plan.

A higher tax rate could threaten investment and innovation in the U.S., J&J CEO Alex Gorsky told analysts on the company's quarterly earnings call Tuesday. He called for more “fact-based dialogue” in Washington as lawmakers explore higher corporate rates to help pay for President Joe Biden’s infrastructure ambitions.

Gorsky argued that J&J actually overdelivered on its promises after the passage of Trump’s tax act in 2017. The company pledged to increase U.S. investments by 15% over four years compared with the previous four years. It's now on track to reach 25% additional spending, which adds up to about $30 billion, he said.

J&J employs 3,000 more people in the U.S. today than it did when the act passed, the CEO noted. 


As lawmakers discuss potential corporate tax changes, Gorsky told analysts that the U.S. is now in the middle of the pack among countries in the Organization for Economic Co-operation and Development and “maybe even skewing a little bit toward the bottom in terms of competitiveness.” 

“If we were to raise rates even to 25% and you include tax from states, we become the highest-rated developed country in the world with respect to tax rates,” Gorsky said. 

After the passage of the 2017 tax act, J&J took a $13.6 billion charge to bring billions of dollars in overseas cash back to the U.S. While pharma watchers expected drugmakers to spend repatriated cash on M&A, Gorsky countered at the time, saying that investing in the pipeline was the wiser course of action. 


Gorsky acknowledged concerns among policymakers about dropping tax rates, but the CEO also said he doesn't understand "why folks are anxious to have a race to the top." He called on lawmakers to ensure that U.S. tax policies protect investment and innovation.

Gorsky joined several high-level U.S. business leaders speaking out to oppose a potential corporate tax rate increase. However, one influential business leader, Amazon CEO Jeff Bezos, early this month came out in favor of tax reform to fund infrastructure investments. 

J&J is the first biopharma company to report quarterly results, so other industry execs may yet follow Gorsky's lead to weigh in on corporate tax rates over the next few weeks. 

https://www.fiercepharma.com/pharma/higher-corporate-tax-rates-johnson-johnson-ceo-gorsky-s-not-board

Biogen Alzheimer’s hopeful faces ‘less than a coin flip’s chance’ of FDA approval: analysts

 When the FDA delayed its decision in Biogen’s controversial Alzheimer’s drug aducanumab in January, investors saw it as a positive. After all, it seemed the agency was at least willing to consider approving the drug in some form, despite the bruising thumbs-down it got from an advisory committee last November.

But as the June decision date draws near, analysts at RBC Capital Markets are raising concerns about aducanumab’s prospects for approval. They considered eight recent developments—some specific to the drug and others related to the FDA and the Alzheimer’s market environment—and landed on a sobering 40% probability of approval for Biogen’s drug.

“On balance, we continue to see less than a coin flip’s chance of a clean approval,” they wrote in a note to investors Tuesday. Meanwhile, the analysts flagged an “underappreciated” chance of a limited approval for the medicine.


The first development RBC parsed was the delayed FDA decision, which initially sent Biogen’s shares up 13%. RBC suggested that rather than taking the extra time to actually review the data, the FDA may have wanted to wait for a new commissioner to be in place “to set a tone.”

Although acting commissioner Janet Woodcock is thought to be among consideration for the permanent post, there’s still no permanent commissioner or a number-two in place at the agency—a problem RBC pegged as a second factor working against aducanumab’s approval.

Plus, another FDA personnel issue could come into play, the analysts wrote. The consumer watchdog group Public Citizen has called for the removal of Billy Dunn, M.D., director of the FDA’s neuroscience unit and a fan of aducanumab, after criticizing an “inappropriate close collaboration” between Biogen and the agency in preparing documents for the advisory committee meeting. Dunn is still there, but if he pulls back from reviewing the drug in any way, it would have “a substantially negative impact” on the probability of approval, RBC said.


RBC’s analysts also expressed worries about a general lack of support from the Alzheimer’s community for aducanumab. In March, three members of the advisory committee who had voted against approval of the drug reiterated their concerns in a scathing editorial in JAMA. Prominent Alzheimer’s patient groups have not advocated strongly for the drug, and healthcare institutions don’t seem to be preparing for the drug’s approval, RBC analysts wrote, suggesting there's “no strong opinion or consensus” on its prospects.

There were other negatives, too, not the least of which was the mixed reaction to Eli Lilly’s phase 2 data on its Alzheimer’s hopeful, donanemab, which, like aducanumab, is designed to reduce amyloid plaques in the brain. In March, Lilly reported that one trial missed a key endpoint, a disappointment that could reflect badly on the entire amyloid class, RBC noted.

As for a restricted approval, RBC pegged it as an “underappreciated” possibility. The FDA could approve the drug only for a certain segment of the Alzheimer’s population, for example, or it could require Biogen to monitor patients on an ongoing basis. That would likely be viewed as a net positive in the short term. But RBC warned that ultimately, any such limitations could “decrease physician and patient uptake."

No doubt investors will be paying close attention to Biogen’s first-quarter earnings report tomorrow for hints of aducanumab’s prospects, RBC added. For now, though, the analysts “remain skeptical” about the drug’s “potential for a full and clean approval,” they wrote.

https://www.fiercepharma.com/pharma/biogen-s-alzheimer-s-hopeful-aducanumab-faces-less-than-a-coin-flip-s-chance-fda-approval

89bio started at Overweight by Cantor

 Target $58

https://finviz.com/quote.ashx?t=ETNB&ty=c&ta=1&p=d

Cassava Sciences Has Q1 Results, Guidance on Clinical Data Release

 9 Month Interim Analysis of Open-label Study to be Presented at a Major Scientific Conference in July 2021 as an Oral Presentation -

- Initiation of Pivotal Phase 3 Program Remains On-track for 2nd Half 2021 -

- Initiation of Cognition Maintenance Study On-track for June 2021 -

- Cash and cash equivalents were $282.2 million at March 31, 2021 -

https://finance.yahoo.com/news/cassava-sciences-reports-first-quarter-123000620.html