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Thursday, April 22, 2021

GlaxoSmithKline's Immunotherapy For Endometrial Cancer Wins FDA OK

 

  • The FDA has granted accelerated approval to GlaxoSmithKline plc's (NYSE: GSK) Jemperli (dostarlimab) for endometrial cancer.
  • The approval covers patients with recurrent or advanced endometrial cancer that has progressed on or following prior treatment with platinum-containing chemotherapy and whose cancers have a specific genetic feature known as dMMR.
  • Jemperli targets the cellular pathway known as PD-1/PD-L1 (proteins found on the body's immune cells and some cancer cells). Jemperli helps the body's immune system in its fight against cancer cells by blocking this pathway.
  • The safety and efficacy of Jemperli was studied in a single-arm, multi-cohort clinical trial. Of the 71 patients in the Jemperli arm, 42.3% had a complete response (disappearance of tumor) or a partial response (shrinkage of tumor) to treatment with Jemperli. For 93% of responders, the response lasted for six months or more.

J&J trial shows vaccine effective, even against variants

 Johnson & Johnson's single-shot coronavirus vaccine protected against symptomatic and asymptomatic infection, and prevented hospitalization and death in all participants 28 days after vaccination, according to new clinical trial results published Wednesday.

The vaccine was 67 percent effective on average against moderate to severe–critical COVID-19 at least 14 days after administration, and 66 percent effective at 28 days after vaccination, according to data published in the New England Journal of Medicine

The vaccine was about 77 percent effective against severe/critical COVID-19 at 14 days after administration, and 85 percent after 28 days.

The results match up to the initial numbers reported by the company in January — the vaccine offers a level of protection above the Food and Drug Administration's (FDA) minimum but lower than the Pfizer and Moderna vaccines.

Additional data collected since the announcement in January found no evidence of a decline in protection over time, after following approximately 3,000 participants for 11 weeks and 1,000 participants for 15 weeks, the company said.

The results come from the company's massive clinical trial that spanned three continents and enrolled a total of 43,783 participants.

Importantly, the vaccine also showed effectiveness against rapidly-spreading variants, including the B.1.351 variant, which was identified in 95 percent of the COVID-19 cases in South Africa, and the P2 variant, which was identified in 69 percent of COVID-19 cases in Brazil.

In South Africa, the vaccine was 64 percent effective against moderate to severe/critical disease, and the efficacy was 82 percent against severe/critical disease beginning 28 days post-vaccination.

Efficacy was also maintained in participants in Brazil, with 68 percent efficacy against moderate to severe/critical disease, and 88 percent against severe/critical disease.

Protection was generally consistent across race and age groups, including adults over 60 years of age, and those with and without pre-existing conditions.

“This comprehensive evidence demonstrates that Johnson & Johnson’s single-shot COVID-19 vaccine offers protection and prevents hospitalization and death, including in countries where viral variants are highly prevalent,” Paul Stoffels, Johnson & Johnson's chief scientific officer, said in a statement. 

“Regardless of race and ethnicity, age, geographic location and comorbidities, these results remain consistent. A single-shot vaccine that provides this level of protection represents an important tool in the global fight against COVID-19, as we strive to help end this deadly pandemic. The safety and well-being of every individual who receives a Johnson & Johnson product remains our top priority, and these data reaffirm our confidence in the protective benefits of our COVID-19 vaccine,” Stoffels said.

Use of the vaccine in the U.S. is currently paused due to concerns over an extremely small number of serious blood clots in combination with low platelets in individuals who have received the vaccine. 

A Centers for Disease Control and Prevention advisory panel will meet for the second time on Friday to discuss the next steps for the vaccine.

In what could be a preview of the CDC meeting, Europe's drug regulator on Tuesday recommended a warning be added to the vaccine about the possible link to blood clots, but noted they are "very rare" and the benefits still outweigh the risks.

https://thehill.com/policy/healthcare/549630-johnson-johnson-trial-shows-vaccine-effective-even-against-variants

Stocks Sink on Report Biden Seeks Higher Capital Gains Tax

 Stocks fell sharply Thursday following a report that said President Joe Biden would propose a capital-gains tax of more than 40% for the wealthy.

The Dow Jones Industrial Average fell 271 points, or 0.8%, to 33,865, the S&P 500 dropped 0.7% and the Nasdaq declined 0.68%.

Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, and when coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, Bloomberg reported, citing people familiar with the proposal. 

The president's plan would lift the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%, the people told Bloomberg.

Louis Navellier, chief investment officer at Navellier & Associates, said he expects the president's plan to increase the capital gain tax rate to 39.6% will fail. 

"A more modest proposal to raise long-term capital gains and qualified dividend tax rates from 20% to 28%, would be much more likely to pass the Senate," Navellier said.

https://www.thestreet.com/markets/stock-market-dow-jones-earnings-jobless-claims-virus-042221

Codiak BioSciences publishes on exosome-based therapeutics development to treat of solid tumors

 Codiak BioSciences, Inc. (NASDAQ: CDAK), a clinical-stage company focused on pioneering the development of exosome-based therapeutics as a new class of medicines, today announced the online publication of a new manuscript, exoSTING, an extracellular vesicle loaded with STING agonists, promotes tumor immune surveillance, in Communications Biology, a Nature Research publication. exoSTING is a novel engineered exosome therapeutic candidate currently being investigated in a Phase 1/2 clinical trial as a single agent for the treatment of multiple solid tumors. This publication details the findings from the preclinical development program and highlights the potential of exoSTING to stimulate a broad immune response without the detrimental effects on intratumoral T cells observed with other STING agonists.

https://finance.yahoo.com/news/data-codiak-exosting-preclinical-development-110000111.html

Startup aims to treat Alzheimer's by invigorating neurons' garbage-disposal abilities

 All cells maintain a network of cleaning systems that remove and recycle unwanted proteins. One school of thought holds that when the process, called autophagy, malfunctions in neurons, the toxic buildup of proteins can promote neurodegenerative diseases such as Alzheimer’s.

Now, scientists at the Albert Einstein College of Medicine have shown that a drug designed to invigorate a specialized cellular garbage disposal mechanism ameliorated symptoms in two mouse models of Alzheimer’s. The findings were published in Cell.

To bring the drug forward, two co-leaders of the study, Ana Maria Cuervo, M.D., Ph.D., and Evris Gavathiotis, Ph.D., have co-founded a startup called Selphagy Therapeutics as a daughter company of Harvard entrepreneur David Sinclair’s anti-aging biotech Life Biosciences.

The system the drug targets is called chaperone-mediated autophagy (CMA), in which single proteins are selected and escorted to spherical vesicles in cells called lysosomes, where they are then degraded. Once at the lysosome, the protein-chaperone complex binds to receptors called lysosome-associated membrane protein type 2A (LAMP2A) to trigger the destruction process.

The drug, called CA, works by ramping up LAMP2A to boost CMA activity.

Cuervo and colleagues started by investigating whether impaired CMA contributes to Alzheimer’s. They crippled LAMP2A in mice and found that the lack of CMA activity in neurons led to Alzheimer’s-like symptoms such as short-term memory loss and impaired ability to move. It also disrupted the balance of proteins, as soluble proteins that should otherwise have been targeted by CMA became insoluble, increasing the risk that they would become toxic masses.


The researchers also showed in a mouse model of early Alzheimer’s that the buildup of the protein tau—which is a hallmark of Alzheimer’s in humans—could, in turn, dampen CMA activity in neurons. Single-cell RNA sequencing of neurons from the brains of Alzheimer’s patients revealed similar CMA inhibition, which appeared to get worse as the disease advanced.

CMA activity normally drops as people age, but neurodegenerative disease can make it worse, further affecting the normal protein balance in the brain, Cuervo explained. “Our study shows that CMA deficiency interacts synergistically with Alzheimer’s pathology to greatly accelerate disease progression,” she said in a statement.

The researchers tested whether a CMA activator like CA could protect against Alzheimer’s. They gave the oral drug to mice that either had a tau abnormality or a combination of toxic tau and beta-amyloid protein clumps.

The drug significantly reduced levels of tau and beta-amyloid, as well as plaques, in the brains of the animals, the team reported. The treatment also normalized the animals’ walking ability and improved visual memory, anxiety- and depression-like behaviors, and neuromuscular strength.

What’s more, in the treated rodents, the researchers also found reduced gliosis, or inflammation and scarring of cells surrounding brain neurons. “Gliosis is associated with toxic proteins and is known to play a major role in perpetuating and worsening neurodegenerative diseases,” Cuervo explained.


The role of autophagy in clearing out toxic proteins drew interest from the biopharma industry after the 2016 Nobel Prize in physiology or medicine went to Yoshinori Ohsumi for his discoveries related to the cellular cleaning mechanism.

Casma Therapeutics emerged in 2018 with a $58.5 million series A from Third Rock to focus specifically on developing autophagy-targeting drugs to treat different diseases including neurodegenerative conditions.  The same year, Rheostat Therapeutics collected $23 million in series A to develop drugs that modulate autophagy for Parkinson’s disease and other brain disorders.

Cuervo and colleagues argued that the decline of CMA activity they observed in both mouse and human tissues suggests that their drug could have an anti-Alzheimer’s effect in people.

“The observed reduction in number and size of mature amyloid depositions upon administration of the CMA activator is strongly suggestive that this intervention could also have a beneficial effect on preexistent pathology,” the scientists wrote in the study.

Pfize, BioNTech Vaccine Sales Jump $1.4B Thanks to AstraZeneca Blunders

 Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) announced Monday that they're supplying the European Union (EU) with an additional 100 million doses of COVID-19 vaccine Comirnaty (BNT162b2). The European Commission exercised its option to buy these doses under an existing agreement signed in February. This move brings the total doses the two companies are supplying to EU members to 600 million.

Based on the price per dose already previously agreed upon, this additional order will boost sales of Comirnaty by more than $1.4 billion. And it appears that Pfizer and BioNTech owe thanks in large part to AstraZeneca (NASDAQ:AZN) for the windfall. 

Actions have consequences

From early on in the race to develop a COVID-19 vaccine, AstraZeneca seemed destined to be the top player in Europe. The U.K.-based drugmaker lined up major supply deals with the EU. Its clinical studies advanced quickly. But things have gone downhill since AstraZeneca's COVID-19 vaccine received EU authorization in late January. 

The link between AstraZeneca's vaccine and rare blood clots caused the EU to temporarily place a hold on the use of the vaccine. However, that wasn't the worst of the company's problems. AstraZeneca was supposed to have delivered 120 million doses to the EU in the first quarter; the drugmaker only delivered 30 million doses. It promised to deliver 180 million doses in Q2, but the actual number delivered will be closer to 70 million.

You don't have to read between the lines very much with EU Commission President Ursula von der Leyen's recent statements to pick up the digs against AstraZeneca. In her announcement last week that the EU was talking with Pfizer and BioNTech about obtaining additional doses of Comirnaty, von der Leyen said, "We need to focus on technologies that have proven their worth." She added that the Pfizer-BioNTech team "has proven to be a reliable partner. It has delivered on its commitments, and it is responsive to our needs." 

AstraZeneca appears to be finding out the hard way that actions have consequences. Meanwhile, Pfizer and BioNTech are reaping the rewards from their rival's missteps.

A lot more money potentially on the way

The story doesn't end there, though. A lot more money is potentially on the way for Pfizer and BioNtech.

Von der Leyen stated that the EU is beginning negotiations with the two partners to buy another 1.8 billion doses of Comirnaty through 2023. At the previously established price tag, this could be worth nearly $26 billion to Pfizer and BioNTech.

However, Bulgarian Prime Minister Boyko Borissov let the cat out of the bag last week that Pfizer and BioNTech are increasing the price that the EU will have to pay for Comirnaty by more than 60% going forward. Instead of $26 billion, the two companies could make in the ballpark of $42 billion from the new deal with the EU. 

Pfizer records the revenue from the COVID-19 vaccine. However, the giant drugmaker shares profits equally with BioNTech, which originally developed Comirnaty.

In the driver's seat

Pfizer and BioNTech appear to be in the driver's seat in the global COVID-19 vaccine market. Their vaccine demonstrated high efficacy. It hasn't produced the rare yet potentially life-threatening safety issues seen with AstraZeneca's and Johnson & Johnson's vaccines. The Pfizer-BioNTech vaccine also seems to cause fewer adverse reactions than Moderna's vaccine does.

BioNTech's share price has skyrocketed close to 90% so far this year with all of the good news for Comirnaty. It's been a much different story for Pfizer, though, with the big pharma stock up only around 7% year to date. With the major EU supply deal likely on the way and potentially more to come with other countries, investors might not be able to look past Pfizer's attractive growth prospects for much longer.

https://www.fool.com/investing/2021/04/22/pfizer-and-biontech-vaccine-sales-jump-14-billion/

Evonik starts lipid deliveries for Pfizer/BioNTech COVID-19 vaccine ahead of time

 German chemicals group Evonik Industries has started delivering a key ingredient for the Pfizer/BioNTech COVID-19 vaccine ahead of time, in a boost for the pair's efforts to ramp up production.

Evonik said on Thursday it had set up lipid production at its site in Hanau, Germany, in eight weeks, much more quickly than expected, and started to deliver the first batches to be used in the vaccine.

The main ingredient in the Pfizer/BioNTech vaccine - the messenger RNA (mRNA) that helps prompt an immune response against the coronavirus - must be packaged inside lipid nanoparticles to protect the fragile material from degradation once it has been injected into people.

In February, Evonik had said it was expanding production of lipids for the vaccine and expected to be producing commercial quantities in the second half of 2021.

"Increasing lipid production in Germany will also allow us to further accelerate the manufacturing of larger quantities of the vaccine," Chief Executive Christian Kullmann said in a statement.

Germany's Merck is also producing lipids for BioNTech, while other companies including Sanofi and Novartis have offered manufacturing capacity to provide millions of doses of the vaccine.

Several manufacturers of COVID-19 vaccines have had problems securing supplies, limiting availability and slowing vaccination campaigns, for example in continental Europe.

In March, Evonik's deputy chairman Harald Schwager said the lipids production should start contributing to sales from the second half of 2021 and generate revenues in the three-digit millions in the coming years.

https://finance.yahoo.com/news/evonik-starts-lipid-deliveries-pfizer-091348144.html