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Wednesday, May 12, 2021

Why Autolus Therapeutics Stock Skyrocketed

 Shares of Autolus Therapeutics (NASDAQ:AUTL) were trading 35% higher as of 3:37 p.m. EDT on Wednesday. Those big gains came after the company announced that its experimental CD19 cell therapy, AUTO1, had achieved 100% remission in patients with relapsed/refractory indolent non-Hodgkin lymphoma in an early-stage study.


Autolus stated that AUTO1's results will be included in an abstract presentation at the European Hematology Association (EHA) Virtual Congress scheduled for June 9 through June 17. The company said that of the 10 patients who had received AUTO1 as of Feb. 18, nine were evaluable. All nine of those patients achieved complete remission rates.

The company also noted that no incidents of high-grade cytokine release syndrome (CRS) or neurotoxicity were observed in any of the patients. CRS is often observed in patients who receive chimeric antigen receptor T cell (CAR-T) therapies. However, grade 1 (mild) CRS occurred in four patients, and one experienced grade 2 (moderate) CRS. In addition, one patient who achieved complete remission from their lymphoma died from COVID-19.


The next major catalyst for the clinical-stage biotech stock shouldn't be far off. Autolus expects to report results from a phase 1 study evaluating programmed T cell therapy AUTO4 in treating peripheral T cell lymphoma in the second half of this year. The company also hopes to announce results from a potentially pivotal study of AUTO1 in treating relapsed/refractory B-acute lymphocytic leukemia in 2022. 

https://www.fool.com/investing/2021/05/12/why-autolus-therapeutics-stock-skyrocketed-today/

Why Curis (CRIS) Shares Are Surging Today

 

  • Curis Inc (NASDAQ: CRIS) shares are surging in reaction to updated data from its ongoing open-label, single-arm, Phase 1/2 study of CA-4948 in patients with acute myeloid leukemia (AML) or high-risk myelodysplastic syndromes (MDS).

  • As of data cut off on February 8, in 15 patients (8 MDS and 7 AML), four objective responses were recorded with signs of hematologic recovery, including:

    • One complete response (CR), one complete remission with incomplete hematologic recovery (CRi) with negative minimal residual disease, and two bone marrow CRs.

    • All three patients with SF3B1 or U2AF1 spliceosome mutation achieved marrow CR or better.

  • The company said that two abstracts with updated data would be presented at the upcoming European Hematology Association 2021 Virtual Congress to be held next month.

  • CA-4948 is an IRAK4 kinase inhibitor, and IRAK4 plays an essential role in the toll-like receptor and interleukin-1 receptor signaling pathways, which are frequently dysregulated in patients with AML and MDS.

  • Cantor Fitzgerald analyst Alethia Young views Curis's abstract update as highly encouraging with more patients and longer follow-up, the analyst tells investors in a research note.

  • The analyst made no changes to the firm's Overweight ratings and thinks the initial look from the abstracts appears very positive.

  • Last month, CA-4948 received FDA's Orphan Drug designation in AML and MDS.

Cleveland Fed: Key Measures Show Inflation Increased in April

 The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:


According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% April. The 16% trimmed-mean Consumer Price Index rose 0.4% in April. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".

Note: The Cleveland Fed released the median CPI details for April here. Car and truck rental was up 505% annualized! Used cars and trucks were up 215% annualized.

Inflation MeasuresClick on graph for larger image.

This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.1%, the trimmed-mean CPI rose 2.4%, and the CPI less food and energy rose 3.0%. Core PCE is for March and increased 1.8% year-over-year.

Note: We saw negative Month-to-month (MoM) core CPI and CPI readings in March, April and May 2020.  We also saw negative MoM PCE and core PCE reading in March and April 2020.  Although inflation picked up in April, the year-over-year change was impacted the base effect (decline last year).

VBI Vaccines Q1 results, pipeline activity

 

  • Hepatitis B : FDA and EMA regulatory review of VBI’s 3-antigen prophylactic HBV vaccine candidate ongoing – U.S. PDUFA target action date November 30, 2021

  • COVID-19 : Initial data from ongoing Phase 1/2 study of VBI-2902, VBI’s monovalent COVID-19 vaccine candidate, expected by end of Q2 2021

  • Glioblastoma : Additional tumor response data, 6-month and 12-month overall survival data from the ongoing Phase 2a study of VBI-1901 in recurrent GBM patients expected Q2 2021

  • $133.6 million in cash, cash equivalents, and short-term investments at the end of Q1 2021

INOVIO's Pan-COVID-19 Vax Candidate Induces Broad Immunity Against Major Variants in Preclinical

  INOVIO (NASDAQ:INO), a biotechnology company focused on bringing to market precisely designed DNA medicines to treat and protect people from infectious diseases, cancer, and HPV-associated diseases, today announced that its next-generation Pan-COVID-19 vaccine candidate, INO-4802, induced potent neutralizing antibodies and T cell responses against the original Wuhan strain as well as against B.1.1.7 (UK variant), B.1.351 (South African variant) and P.1. (Brazilian variant) in preclinical models. These results demonstrate the potential of INOVIO's Pan-COVID-19 vaccine to induce cross-reactive immune responses against current and emerging viral variants as either a first-line vaccine, or potentially as a boost for individuals previously immunized with various Wuhan-matched vaccines.

Dr. Laurent M. Humeau, INOVIO's Chief Scientific Officer, said, "INOVIO is taking a dual-track approach in developing a COVID-19 vaccine because we recognize the need to support both pandemic and endemic considerations. In addition to our work on INO-4800, which we expect to enter a global Phase 3 trial this summer, we are also developing our next-generation Pan-COVID-19 variant vaccine, INO-4802, which is designed to protect against current and potentially future variants of concern. The study data we report today confirms our two-tiered development path is the best strategy for the short- and long-term fight against this virus."

First-generation COVID-19 vaccines were matched against the original Wuhan strain. These vaccines may have reduced efficacy against emerging COVID variants. In response, many of the next-generation vaccines under development are matched to a single variant currently circulating. INOVIO's Pan-COVID-19 vaccine approach is designed to provide cross-strain protection, immune coverage, reduced susceptibility to escape mutants, and non-restricted geographical use against both known and potentially unknown variants. Preclinical data with INO-4802 in multiple models revealed both broader and increased levels of neutralizing antibodies against a panel of variants than strain-matched vaccines. Building on this initial work, INOVIO plans to conduct Phase 1/2 clinical trials this year with INO-4802.

https://finance.yahoo.com/news/inovios-pan-covid-19-vaccine-120000879.html

 Johnson & Johnson Vision announced today that it received FDA approval for its Acuvue Abiliti overnight therapeutic lenses.

Jacksonville, Fla.-based J&J Vision touts the Acuvue Abiliti as the first and only FDA-approved orthokeratology (ortho-k) contact lens for managing myopia, according to a news release.

The company designed the Abiliti overnight ortho-k lenses to be fitted to match the eye based on its unique corneal shape and temporarily reshape the cornea. The technology uses corneal topography, refractive error and other measurements connected to the fitting software, which is user-friendly and provides a precise measurement of the corneal shape while accurately guiding the eye care professional through the fitting process.

Abiliti overnight lenses will be available in two forms, as the basic overnight therapeutic lenses and as overnight therapeutic lenses for astigmatism, J&J Vision said. The company expects the lenses to be available in the U.S. by the end of 2021.

“The FDA approval of Abiliti™ Overnight marks an important milestone in our commitment to help change the trajectory of eye health and reshape the future of children with myopia,” J&J Vision global head of R&D Dr. Xiao-Yu Song said in the release. “We look forward to supporting parents and eye care professionals in their care of children with comprehensive resources, starting with Abiliti™ Overnight Therapeutic Lenses, and continuing with additional products and services to address the progression of myopia.”

https://www.massdevice.com/fda-approves-jj-visions-overnight-contact-lens-for-myopia-management/

Chasing FDA nod, Orchard posts long-term data win for latest gene therapy

 Three years after receiving a gene therapy from Orchard Therapeutics in an early-stage clinical trial, 100% of patients with an inherited disease that damages the immune system were still alive.

Data from a study that used Orchard’s gene therapy OTL-101 to treat adenosine deaminase severe combined immunodeficiency (ADA-SCID) were published in the New England Journal of Medicine today. The journal debut represents the largest published dataset of gene therapy data from patients with a monogenic condition, or a condition that was inherited from just one gene.

The data come after the pandemic forced Orchard to delay its plans to submit a rolling approval application with the FDA in the first half of this year. OTL-101 does have the agency's breakthrough therapy and rare pediatric disease tags. The company has two European approvals for other products, but hasn't managed to win an FDA nod for any of its candidates yet—a fact that has analysts pressuring the company for answers.

Patients with ADA-SCID essentially lack an effective immune system, leaving them vulnerable to bacteria, viruses and fungi that typically would not make the average person sick. The disease is rare, but can be life threatening for patients and cause repeated, serious infections and illnesses. Children typically die by age 2 without treatment.

The study treated 50 ADA-SCID patients with an investigational gene therapy meant to encode the ADA gene. At two and three years, 100% of patients were alive, and 95% survived without needing to resume prior treatment. The data came from three phase 1/2 studies conducted in the U.S. and U.K. and through a compassionate use program in the U.K. thirty of the U.S. patients received Orchard’s OTL-101. The study featuring Orchard's therapy was sponsored by the company, the National Institute of Allergy and Infectious Diseases and others. 


All of the patients experienced adverse events, but Orchard described them as mostly mild or moderate. Four patients did, however, experience immune reconstitution inflammatory syndrome, a serious complication that can occur when the body recovers from treatment with antiretroviral drugs. The condition flared up in patients between three months and 22 months after receiving the gene therapy. Orchard said the complications were considered unrelated to the gene therapy, and the patients were treated successfully with supportive therapy.

One of the study’s authors, Donald Kohn, M.D., called the data from the one-time gene therapy treatments “compelling.” No instances of graft vs. host disease were reported, a complication that can occur after transplantation of bone marrow or stem cells. Most patient were able to discontinue immunoglobulin replacement therapy over time, which Kohn said suggests the gene therapy could be a potential treatment for ADA-SCID. Kohn is the distinguished professor of Microbiology, Immunology & Molecular Genetics and Pediatrics at the University of California, Los Angeles.

“With sustained engraftment of up to three years, these data show the potential of HSC gene therapy to correct the underlying genetic cause of ADA-SCID, delivering positive outcomes in a single treatment,” said Bobby Gaspar, M.D., Ph.D., CEO of Orchard Therapeutics. 

Orchard has two products approved in the EU: Strimvelis for ADA-SCID patients who are ineligible for stem cell transplant and Libmeldy for a metabolic disorder called metachromatic leukodystrophy. The company's gene therapies all use lentiviral vectors, which are designed to avoid possible dangerous mutations in the cells following treatment. 


Strimvelis made headlines though in November when the treatment was linked to a case of leukemia found in a patient who had received the gene therapy. The complication is a known side effect flagged by EU regulators when Strimvelis was approved. 

The therapy was developed by GlaxoSmithKline and bought by Orchard in 2018. It works by editing the patients’ own hematopoietic stem cells with the functional ADA gene. The cells are then transferred back into the patient's bone marrow to mature and produce the normal ADA protein.

FDA approval has so far evaded Orchard, although the agency has accepted a request to run a trial for Libmeldy and granted it a regenerative medicine advanced therapy designation. Investors have peppered Orchard executives with questions during recent earnings calls on when the FDA might give a nod to any one of the company's therapies. 

https://www.fiercebiotech.com/biotech/orchard-gene-therapy-helps-kids-no-immune-system-new-study