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Wednesday, June 9, 2021

Merck to Supply U.S. With Oral Covid-19 Treatment

 Merck & Co. Inc. will supply molnupiravir, an oral antiviral medication intended to treat mild to moderate Covid-19, to the U.S. government in a new procurement agreement, Merck said Wednesday.

The Kenilworth, N.J.-based pharmaceutical company said the drug is being evaluated in a Phase 3 trial to treat nonhospitalized Covid-19 patients who have a risk factor associated with a poor disease outcome.

If molnupiravir gets an emergency-use authorization from the Food and Drug Administration, Merck would receive $1.2 billion to supply about 1.7 million courses of the drug to the U.S. government. Merck said it expects to have more than 10 million courses of the therapy available by the end of 2021.

Merck is developing molnupiravir with Ridgeback Biotherapeutics.

https://www.marketwatch.com/story/merck-to-supply-u-s-with-oral-covid-19-treatment-271623236860

Brooklyn ImmunoTherapeutics Set to Join Russell 3000 Index

 Brooklyn ImmunoTherapeutics, Inc. (NYSE American: BTX) ("Brooklyn"), a biopharmaceutical company focused on exploring the role that cytokine and gene editing/cell therapy can have in treating patients with cancer, blood disorders, and monogenic disorders, today announced Brooklyn’s addition to the Russell 3000 Index. This milestone will take place at the conclusion of the 2021 Russell Indexes’ annual reconstitution, effective after the U.S. market opens on June 28, 2021 according to a preliminary list of additions posted June 4, 2021.

“Inclusion in the Russell index at this point in the development of our Company is a significant recognition and a unique opportunity to expand the awareness of our science and progress and the growth opportunity they represent,” said Howard J. Federoff, M.D., Ph.D., Brooklyn’s CEO.

Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell Indexes primarily by objective, market-capitalization rankings, and style attributes.

Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. Indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.

https://www.globenewswire.com/news-release/2021/06/09/2244277/0/en/Brooklyn-ImmunoTherapeutics-Set-to-Join-Russell-3000-Index.html

Why Atossa Therapeutics Stock Is Tumbling Today

 Shares of Atossa Therapeutics (NASDAQ:ATOS) were tumbling 22.8% as of 11:36 a.m. EDT on Wednesday. The decline came after the company announced final results from its phase 2 clinical study evaluating oral endoxifen in treating breast cancer with administration between diagnosis and surgery.


Today's sell-off of the biotech stock appears to be a case of investors sticking with the old adage to "buy the rumor and sell the news." Atossa's shares skyrocketed 539% year to date as of the market close on Tuesday.

The company's news was pretty good, although some investors could have been hoping for even better results. Atossa reported that oral endoxifen met the primary endpoint of the phase 2 study. The experimental drug reduced Ki-67, a measure of tumor cell activity, by 65.1% on average. Even better, all patients in the study receiving endoxifen experienced a reduction in Ki-67 to below 25%, an indication that the drug could improve long-term survival.

Atossa also said that endoxifen was "considered safe and well tolerated" in the phase 2 study. All of the adverse events observed in the study were mild. No adverse events led to patients discontinuing participation in the study.


What's next for Atossa? CEO Steven Quay said the company has begun a formal nonclinical toxicology program required to seek U.S. approval of oral endoxifen. He added that Atossa plans to file for approval to advance the drug into the next round of clinical testing as soon as possible.

https://www.fool.com/investing/2021/06/09/why-atossa-therapeutics-stock-is-tumbling-today/

Spiras Health Secures 5 Year Value-Based Contract with Clover Health Direct Contracting

 Agreement Will Provide Complex Care Management and Care Delivery Services to Some of the Most Vulnerable Patients as Clover Scales Its In-Home Primary Care Program

Spiras Health today announced a five-year agreement with Clover Health, an innovative technology company improving health outcomes for America’s seniors, to provide complex care management services to Medicare members in Kansas and New Jersey. The value-based contract will provide Spiras Health’s personalized multi-modal approach to some of Clover’s most vulnerable patients.

As Clover scales Clover Home Care, its in-home primary care program for medically complex and homebound members, through the U.S. Centers for Medicare and Medicaid Services’ (CMS) new Direct Contracting model, Spiras Health will support the growing number of Clover-aligned beneficiaries with complex chronic conditions with its unique model that includes home-based services, virtual care and remote patient monitoring at no cost to patients. A dedicated clinical team will provide eligible individuals with in-home, virtual and telephonic visits to promote treatment compliance, identify social determinants that may impact their health, and support the patients’ physicians and care teams.

"Spiras Health and Clover Health share a commitment to addressing the needs of patients with complex chronic conditions with a unique and specialized home-based approach focused on improving the patient’s health and quality of life while reducing costs," said Scott A. Bowers, CEO, Spiras Health. "We are excited to work with Clover Health’s technology platform and provider network to bring a value-based approach to their most vulnerable patients right in their own homes."

Within the new Direct Contracting program from CMS, Clover will use its proprietary platform, the Clover Assistant, to proactively identify fee-for-service Medicare patients with complex chronic conditions who are eligible for Clover Home Care and may benefit from Spiras Health’s high-touch individualized delivery model. Spiras’ Clinical Care Teams, led by an Advanced Care Nurse Practitioner and including state-licensed nurses, respiratory therapists, and other allied health professionals, work with each patient’s physician to diagnose, treat, educate, and engage the patient in self-care.


Synaptogenix Updates on Phase 2b NIH Sponsored Alzheimer's Disease Trial

 Synaptogenix, Inc. (Nasdaq: SNPX), an emerging biopharmaceutical company focused on developing therapies for neurodegenerative diseases, today announced an update on its ongoing National Institutes of Health ("NIH") sponsored Phase 2b clinical trial of Bryostatin-1 in patients suffering from moderately severe Alzheimer's disease ("AD"). To date, the Company has now dosed 58 of its target 100 patients. Seventeen sites continue to be live.

Additionally, the independent Data Safety Monitoring Board ("DSMB") overseeing the trial convened to assess the safety of Bryostatin through an interim analysis and confirmed that 40 advanced AD patients have been dosed with Bryostatin without any significant safety issues. 

Alan Tuchman M.D., Chief Executive Officer, stated, "With the spotlight firmly on Alzheimer's disease following the recent FDA approval of Aducanumab, we are encouraged to see the level of evidence for Bryostatin-1 continues to grow. The DSMB assessment further validates the significant safety profile of Bryostatin, as opposed to safety issues observed with other candidate Alzheimer's drugs now being developed."

"Our two previous pilot trials demonstrated safety while also showing a 4.8 improvement over baseline of the Severe Impairment Battery Score.  We are pleased that our ongoing six-month Phase 2b trial sponsored by the NIH, has also displayed signs of safety thus far, consistent with our two previous trials," stated Dr. Daniel Alkon, President and Chief Scientific Officer. "Efficacy and safety continue to be our primary objectives in the clinical trials of Bryostatin to treat advanced AD patients." 

https://www.prnewswire.com/news-releases/synaptogenix-announces-phase-2b-nih-sponsored-alzheimers-disease-trial-update-301308982.html

Vertex Trikafta Wins FDA Approval For Expanded Use In Ages 6-11 Years With Cystic Fibrosis

 

  • The FDA has approved Vertex Pharmaceuticals Incorporated's (NASDAQ: VRTX) expanded use of Trikafta (elexacaftor/tezacaftor/ivacaftor and ivacaftor) to include children with cystic fibrosis (CF) ages 6 through 11 years.

  • The approval covers children who have at least one F508del mutation in the cystic fibrosis transmembrane conductance regulator (CFTR) gene or a mutation in the CFTR gene responsive to Trikafta vitro data.

  • Trikafta was previously approved by the FDA for use in people with cystic fibrosis 12 years and older with at least one copy of the F508del mutation or one copy of a mutation that is responsive in vitro.

  • Additional dosage strength of Trikafta tablets is now available (elexacaftor 50 mg/tezacaftor 25 mg/ivacaftor 75 mg and ivacaftor 75 mg) in connection with this approval.

  • The company has submitted applications for the use of Trikafta in children ages 6 through 11 years to the regulatory authorities in Europe and the U.K. It plans to file for this expanded use in Switzerland, Australia, and Israel in 2021.

FDA panel member resigns over controversial Alzheimer’s therapy approval

 Following the Food and Drug Administration’s polarizing authorization of the Alzheimer’s therapy Aduhelm on Monday, a member of an agency advisory committee that recommended against the drug’s approval has resigned.

Neurologist Joel Perlmutter of Washington University in St. Louis, a member of the FDA’s expert panel for nervous system therapies, told STAT in an email that he had quit the committee on Monday “due to this ruling by the FDA without further discussion with our advisory committee.”

The advisory committee, which convened in November, couldn’t have been more openly skeptical of the drug, also known as aducanumab. Ten of the 11 panelists found that there was not enough evidence to show it could slow cognitive decline. The 11th voted “uncertain.”

But the FDA still approved the treatment on Monday. On top of the potentially massive implications for patientsclinicians, and health care spending, the decision also raised questions about the role of the advisory committees — and what it meant that the agency, in its final adjudication, bucked the very panel it had convened.

“This isn’t the first time when I was on a committee where the committee voted one way and the FDA decided another,” said biostatistician Scott Emerson, a professor emeritus at the University of Washington, who has served on many advisory committees in different disease areas. “This was the first time that nobody voted for approval of this drug — nobody — and they went against that.”

The FDA does not have to follow its advisory committees’ recommendations — one study found the agency went against the experts 21% of the time from 2008 to 2015 — but those overrulings generally came when the votes were closer. The FDA often convenes the panels when there is uncertainty around whether or how to approve new products, and there are different “ad comms” for different types of medications.

With Aduhelm, the story is also more complicated than the FDA just rebuking the expert panel. The FDA granted the Biogen therapy what’s called an accelerated approval, based not on firm evidence the drug slowed cognitive decline — which even the FDA acknowledged was not clear — but on a “surrogate endpoint” that the therapy cleared toxic protein plaques in patients’ brains. In the FDA’s view, that finding “is reasonably likely to predict a clinical benefit to patients.” It also said Biogen would have to run another trial to confirm a clinical benefit, though the results of that aren’t due for nearly another decade.

But during the advisory committee meeting last November, FDA officials explicitly said they were not considering approving aducanumab based on a surrogate endpoint. Billy Dunn, the director of the FDA’s Office of Neuroscience, made it clear: “We’re not using the amyloid as a surrogate for efficacy.”  That meant the panelists were not asked to consider that possibility.

So on Monday when the agency announced it had indeed given Aduhelm the OK based on amyloid levels as a surrogate endpoint, it left experts on the panel scratching their heads. Trials of other amyloid-busting therapies have found that they didn’t result in clinical benefits.

What had happened, Dunn explained in a letter to the chair of the panel Monday, was that after the panel hearing, there were “further discussions” within the agency that “raised further consideration of the accelerated approval pathway.”

“We recognize that there has been tremendous public interest in aducanumab and differing viewpoints on the extensive and complicated data supporting the application for aducanumab,” Dunn wrote. “Our discussions leading up to the decision to grant an accelerated approval for aducanumab considered a wide range of views, both external and internal to FDA. We appreciate the comments from the advisory committee members and can assure you that we listened carefully and viewed the meeting proceedings as an important source of input as we discussed the appropriate action.”

To Aaron Kesselheim, an advisory committee member and the director of Brigham and Women’s Hospital’s Program on Regulation, Therapeutics, and Law, Aduhelm’s approval didn’t just set “a dangerous precedent” for what kind of evidence an Alzheimer’s therapy would need to show to get the green light, “but even more broadly for the idea that a company can turn around and at the last minute seek [accelerated approval] when their primary clinical endpoints in their trials don’t reach the level needed for FDA approval,” he told STAT in an email.

It’s no surprise that some members of the panel denounced the FDA’s approval, and not simply because of their votes. During the November hearing, some of them criticized how the data was being discussed and the evidence Biogen had submitted. Earlier this year, Emerson, Kesselheim, and a third panelist published a paper in JAMA outlining what they saw as the flaws of the therapy.

Still, Emerson, the biostatistician, said he would serve on another advisory committee if asked. (The panels have some permanent members, but for individual hearings, they invite “temporary members,” which included Emerson in the case of aducanumab.)

It is important, Emerson said, for outside experts to have a voice in the decision-making process.

https://www.statnews.com/2021/06/08/fda-expert-panel-resigns-alzheimers-approval/