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Saturday, April 24, 2021

New investors push corporate-backed biotech venture funds down in rankings

 Two big beasts of the biotech venture world – Orbimed and NEA – have long dominated the private financing space, a look back over 10 years of investor activity finds. A comparison of the first and second halves of the decade also shows how a couple of the big corporate venture funds have slipped down the rankings, though in Novartis’s case this was largely caused by an explosion of activity from new, cash-rich private funds. The Swiss pharma’s venture arm was involved in roughly the same proportion of rounds in the two five-year periods analysed, yet fell several places. Glaxo’s retreat – its venture arm, SR One, sits at 47th place in the later five-year period – culminated in a spin-off last year. Notable arrivals in the top 10 more recently include Cormorant, which largely backs large, pre-flotation crossover rounds, financings that have become common with IPO window wide open. GV is Google’s venture arm, a new cash-rich investor that backed broadly across the life science space, funding developers of therapeutics and diagnostics alike.

Biopharma's biggest venture investors  a 10-year view 
Investor ranking 2011-15 Investor ranking 2016-20 
Ranking Investor Round count % of rounds as lead investor Ranking Investor Round count % of rounds as lead investor
1Orbimed Advisors10436% 1Orbimed Advisors14831%
2New Enterprise Associates9642% 2New Enterprise Associates9532%
3Novartis7925% 3RA Capital9332%
4Glaxosmithkline5927% 4Arch Venture Partners9031%
5Versant Ventures5730% 5Alexandria Venture Investments894%
6Third Rock Ventures5527% 6Cormorant Asset Management8512%
7Kleiner Perkins5417% 7GV7613%
8Polaris Partners539% 8Novartis7222%
9F-Prime Capital5321% 9Johnson & Johnson6917%
10SV Life Sciences5219% 10Deerfield 6636%
Source: Evaluate Pharma. 

https://www.evaluate.com/vantage/articles/news/snippets/new-investors-push-corporate-backed-venture-funds-down-rankings

Body's natural pain killers can be enhanced

 Fentanyl, oxycodone, morphine--these substances are familiar to many as a source of both pain relief and the cause of a painful epidemic of addiction and death.

Scientists have attempted for years to balance the potent pain-relieving properties of opioids with their numerous negative side effects--with mostly mixed results.

Work by John Traynor, Ph.D., and Andrew Alt, Ph.D., and their team at the University of Michigan Edward F. Domino Research Center, funded by the National Institute on Drug Abuse, seeks to side-step these problems by harnessing the body's own ability to block pain.

All opioid drugs--from poppy-derived opium to heroin--work on receptors that are naturally present in the brain and elsewhere in the body. One such receptor, the mu-opioid receptor, binds to natural pain-killers in the body called endogenous endorphins and enkephalins. Drugs acting on the mu-opioid receptor can cause addiction as well as unwanted side effects like drowsiness, problems with breathing, constipation and nausea.

"Normally, when you are in pain, you are releasing endogenous opioids, but they're just not strong enough or long lasting enough," says Traynor. The team had long hypothesized that substances called positive allosteric modulators could be used to enhance the body's own endorphins and enkephalins. In a new paper published in PNAS, they demonstrate that a positive allosteric modulator known as BMS-986122 can boost enkephalins' ability to activate the mu-opioid receptor.

What's more, unlike opioid drugs, positive allosteric modulators only work in the presence of endorphins or enkephalins, meaning they would only kick in when needed for pain relief. They do not bind to the receptor in the way that opioids do instead binding in a different location that enhances its ability to respond to the body's pain-relieving compounds.

"When you need enkephalins, you release them in a pulsatile fashion in specific regions of the body, then they are metabolized quickly," explains Traynor. "In contrast, a drug like morphine floods the body and brain and sticks around for several hours."

The team demonstrated the modulator's ability to stimulate the mu-opioid receptor by isolating the purified receptor and measuring how it responds to enkephalins. "If you add the positive allosteric modulator, you need a lot less enkephalin to get the response."

Additional electrophysiology and mouse experiments confirmed that the opioid receptor was more strongly activated by the body's pain-relieving molecules leading to pain relief. In contrast the modulator showed much reduced side effects of depression of breathing, constipation and addiction liability.

Their next goal is to measure their ability to enhance activation of endogenous opioids under conditions of stress or chronic pain, explains Traynor, to ensure that they are effective but don't lead to more dangerous responses like depression of breathing.

"While these molecules won't solve the opioid crisis," says Traynor, "they could slow it and prevent it from happening again because patients in pain could take this type of a drug instead of a traditional opioid drug."

###

Paper Cited: "Positive allosteric modulation of the mu-opioid receptor produces analgesia with reduced side effects," Proceedings of the National Academy of Sciences. DOI: 10.1073/pnas.2000017118

https://www.eurekalert.org/pub_releases/2021-04/mm-u-bnp042321.php

J&J vaccine wins renewed backing from U.S. experts after probe into rare blood clots

 After officials halted Johnson & Johnson’s COVID-19 vaccine rollout in its tracks last week, U.S. vaccine advisers agreed on Friday that vaccinations should resume. Going forward, the shot will carry a warning about rare and severe blood clots, they said.

Of the nearly 8 million doses administered, officials identified 15 cases of thrombosis with thrombocytopenia (TTS), CDC vaccine advisers said Friday. Three vaccine recipients who developed TTS have died. All of those stricken have been women, with 13 of them aged 18-49, the experts said.

Officials from the FDA and CDC recommended the halt on April 13 after noticing 6 cases of severe blood clots in around 7 million recipients of the vaccine. The FDA was expected to make its own announcement on the shot's future on Friday, as well. 

J&J’s warning label will include information about symptoms associated with the rare but serious blood clots. The label will warn about the fatalities and contain info about how to treat TTS. 

“J&J strongly supports this labeling,” Joanne Waldstreicher, the chief medical officer at J&J, said during a CDC working group meeting on Friday afternoon. 


During the session, the CDC presented data which led to its recommendation to resume distribution of the shot.  

Women in the 18-49 age group had an incidence of seven TTS cases per million doses administered, experts said. Among women age 50 and older, the incidence was about 1 per million doses administered. Of the 4 million doses provided to men, there have been no reports of TTS. 

While resumption of the shot is good news for J&J, there is a significant challenge ahead for the company as it attempts to rebuild public confidence in a vaccine that some consider inferior.  

Another adenovirus vaccine, the one developed by AstraZeneca, has also endured a pause and safety fears in Europe. Last week the European Union announced that it would not renew supply contracts with either company after this year.  

Shortly after the U.S. announced its pause, Johnson & Johnson halted deliveries of the vaccine to Europe. On Tuesday, the European Medicines Agency concluded that a link between the vaccine and TTS cases was possible but that the benefits of the shot outweighed the risks.  

The company has resumed supply of the vaccine to Europe. It has pledged 55 million doses to the European Union by the end of June. 


Another immediate concern for J&J is its supply chain. Last week, at the urging of the FDA, an Emergent BioSolutions plant in Baltimore temporarily halted production of bulk drug substance. Just two weeks earlier, the FDA had turned COVID-19 vaccine manufacturing at the plant over to J&J. 

https://www.fiercepharma.com/pharma/johnson-johnson-s-covid-19-vaccine-wins-renewed-backing-from-u-s-experts-after-probe-into

Why Clotting Happens When Platelets Are Low

 Reports of unusual blood clots in the setting of low platelets associated with COVID-19 vaccines have brought attention to these tiny blood cells tasked with preventing humans from fatally bleeding.

The European Medicines Agency has said that, as of April 20, there have been 287 reports of rare blood clots with low platelets after administration of the AstraZeneca vaccine, eight with Johnson & Johnson, 25 with Pfizer, and five with Moderna. The clots are notable because many have occurred in unusual and deadly locations in the veins that drain the brain (known as cerebral venous sinus thrombosis) and the abdomen (known as splanchnic vein thrombosis).

Platelets have a concave shape that looks like, well, a plate. They're colorless, and have a lifespan of about 10 to 12 days. When a blood vessel becomes damaged, platelets crowd to the site and become activated: they change shape, release substances that promote clotting, and recruit clotting factors along with other platelets to promote more clotting. It's a delicately balanced process. In a healthy person, the end result is a clot, which is normally a good thing because it prevents fatal bleeding.

It seems intuitive that having low platelets would increase the risk of bleeding. After all, without very many platelets around, it gets harder to form a clot. So why have these potentially vaccine-related clots occurred in the presence of low platelets?

Two Distinct Processes Lead to Low Platelets

In general, two distinct processes can result in thrombocytopenia, or low platelets. The first process involves platelet clearance, and it's an immune process. Typically, macrophages engulf and clear old platelets when they've reached the end of their lifespans. If the clearance process gets out of control -- say, with an autoimmune condition -- it can lead to excess clearance and low platelets, according to Manila Gaddh, MD, of Emory University in Atlanta.

"With clearance, the body's immune system actually destroys the platelets, which brings the platelet count down and can lead to bleeding," Gaddh said.

The second process involves consumption of platelets when they become activated, and go about their normal job of stimulating the clotting system and aggregating to form blood clots. If the consumptive process gets out of control, platelets get used up and their numbers drop.

"In consumption, platelets are actually getting activated. That activates the clotting system to make the platelets aggregate together, which brings down the platelet count and favors clotting in the body," Gaddh said.

Low Platelets and Vaccines

Both high clearance and consumption have been linked to vaccine-associated thrombocytopenia. These two distinct processes involve at least two different autoantibodies, according to Gaddh.

Immune thrombocytopenia (ITP) occurs when the body produces antibodies against platelets and directly attacks them. These autoantibodies clear platelets at a much faster pace than in normal people -- even younger platelets get destroyed -- and that lowers the platelet count. ITP has been associated with some medications, infections, and vaccines. The condition has also been associated with a slightly increased risk of blood clots.

"It is generally associated with increased risk of bleeding if the platelet count is severely low," Gaddh said.

Recently, the term "vaccine-induced immune thrombotic thrombocytopenia" (VITT) has been coined to refer to cases of low platelets with unusual clots reported after COVID-19 vaccines. Gaddh says that VITT is a consumptive process similar to an autoimmune condition called heparin-induced thrombocytopenia (HIT), in which heparin paradoxically activates platelets, leading to platelet depletion and clotting. HIT is a well-known, but rare, complication of heparin use that develops in about 1% to 2% of patients.

In VITT, scientists have identified an autoantibody called platelet factor 4 (PF4) that activates platelets, rather than directly attacking and destroying them, as in ITP. That, in turn, promotes clotting and eventually low platelet levels.

"In VITT, we believe these autoantibodies are activating platelets, causing them to be more functionally active and causing a consumptive thrombotic process and increased risk of clots," Gaddh said.

Andreas Greinacher, MD, of the University of Greifswald in Germany, recently released a preprint involving experiments that he said confirms that this cascade is prompted by PF4 antibodies, but he also pointed to a potential role for a certain preservative.

When it comes to management, because of the similarity of VITT to HIT, experts are advising IV immunoglobulin, use of non-heparin anticoagulants, and avoidance of platelet transfusions. The International Society on Thrombosis and Haemostasis has provided guidance for the diagnosis and treatment of VITT, as has the American Society of Hematology.

https://www.medpagetoday.com/special-reports/exclusives/92243

FDA OKs Brain-Computer Interface Device for Stroke Rehab

 FDA has authorized the Neurolutions IpsiHand Upper Extremity Rehabilitation System (IpsiHand System) for stroke survivors trying to regain hand, wrist, or arm function.

The IpsiHand System may be prescribed to stroke patients wishing to improve grasping as part of their rehabilitation therapy. The brain-computer-interface device uses non-invasive electroencephalography electrodes to record a person's brain activity, and then moves an electronic hand brace according to the intended muscle movement.

"Thousands of stroke survivors require rehabilitation each year," said Christopher Loftus, MD, acting director of the Office of Neurological and Physical Medicine Devices at the FDA, in a statement. "Today's authorization offers certain chronic stroke patients undergoing stroke rehabilitation an additional treatment option to help them move their hands and arms again and fills an unmet need for patients who may not have access to home-based stroke rehabilitation technologies."

Approval was based on a 40-person unblinded study in which all participants showed motor function improvement with the device over 12 weeks. Adverse events reported in the study included minor fatigue, discomfort, and temporary skin redness.

The IpsiHand System had been granted breakthrough device designation by the FDA and was authorized for marketing through the de novo premarket review pathway.

The device should not be used by patients who cannot be properly fitted for the electronic hand brace, nor those with skull defects due to craniotomy or craniectomy, the FDA cautioned.

https://www.medpagetoday.com/neurology/strokes/92248

Amid Expanded Covid-19 Vaccine Eligibility, Signs of Slowing Demand

 With six more states having expanded eligibility for Covid-19 vaccinations, every American aged 16 and older who wants a shot can get one. The question now is just how many actually want it.

On Wednesday, President Biden introduced a tax credit for small businesses to offset paid leave for employees to get a Covid-19 vaccine dose, part of an effort to spur hesitant Americans to get vaccinated. The announcement came amid signs that the pace of vaccinations is slowing.

The Biden administration reached its goal this week of giving 200 million doses within the president's first 100 days. But there are signs that supply may be outstripping demand. Some states that led the way early in the vaccine rollout are finding it difficult to sustain that success. In mid-February, Alaska, New Mexico and West Virginia saw at least one in seven residents get a shot, ahead of the one-in-10 rate nationally. But as vaccine eligibility has expanded, many of those early advances have slowed. Today, only New Mexico remains in the top 20 states for vaccination rates.

Early leaders in the vaccine rollout have been overtaken by states on the East and West Coasts, as vaccinations there have increased. Even as states expanded eligibility beyond the initial priority groups, the upward trend in getting shots in arms is stalling, especially in the South and the Mountain West.

Those states top the list in terms of vaccine hesitancy, according to a recent large-scale survey from the Census Bureau. Developed in concert with the Centers for Disease Control and Prevention and the National Center for Health Statistics, the survey, conducted March 17-29, gauged responses from nearly 80,000 adults.

Nationally, demographic divides persist in Americans' willingness to get vaccinated. While surveys earlier this year found racial and ethnic splits in vaccine hesitancy, those gaps have largely disappeared. What remains are gaps between younger and older Americans, and those with and without college degrees.

A separate national survey, conducted by the Kaiser Family Foundation, also found deep divisions along party lines, with Republicans nearly three times as likely as Democrats to express some hesitancy. Rural Americans are also more resistant to getting vaccinated.

The level of vaccine resistance suggests the country is nearing a plateau, according to Kaiser. In an analysis released Tuesday that accounts for current vaccination rates and their own survey data on willingness to receive a vaccine, the health-policy nonprofit estimates the country is just a few weeks away from vaccinating all adults who want to be.

Importantly, the report notes that over time, people have moved from the "wait and see" group to the vaccine enthusiasm group. State and federal government officials are stepping up efforts to persuade more hesitant Americans to join that group.

https://www.marketscreener.com/news/latest/Amid-Expanded-Covid-19-Vaccine-Eligibility-Signs-Emerge-of-Slowing-Demand--33061522/

India Will Receive First Batch Of 'Sputnik V' COVID-19 Vaccine By End Of April

 INDIA WILL RECEIVE FIRST BATCH OF 'SPUTNIK V' COVID-19 VACCINE BY END OF APRIL - CNBC-TV18 CITING SOURCES Source text: https://bit.ly/32WW36l

https://www.marketscreener.com/news/latest/India-Will-Receive-First-Batch-Of-Sputnik-V-COVID-19-Vaccine-By-End-Of-April-CNBC-TV18--33061488/