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Friday, July 23, 2021

Sophia Genetics Increases IPO Target to $221M

 Sophia Genetics has priced its initial public offering of 13 million common shares at $17 to $19 per share, for anticipated gross proceeds of $221 million to $247 million before underwriting discounts, commissions, and other expenses. The firm expects to hold its IPO July 23.

The bioinformatics company, with twin headquarters in Saint-Sulpice, Switzerland, and in Boston, disclosed its IPO price range in an amended registration statement filed Monday with the US Securities and Exchange Commission. Sophia said earlier this month that its IPO would raise no more than $100 million.

In the filing, Sophia said that Instrumentarium Holdings would purchase $20 million common shares in a private placement at the same per-share price as the IPO.

As previously announced, the shares will trade on the Nasdaq Global Select Market under the ticker symbol SOPH. J.P. Morgan, Morgan Stanley, Cowen, and Credit Suisse are serving as joint bookrunning managers for the offering.

Sophia has raised at least $251 million in private equity, most recently in a $110 million Series F round that closed in October. The Swiss-American company offers a core genomic analytics platform called Data Driven Medicine, or DDM, to support all of its analytics pipelines and builds components including artificial intelligence technology for predicting variant pathogenicity.

In its SEC filing, the firm reported nearly $9 million in revenues during the first quarter of 2021. That is 20 percent higher than the $7.5 million booked in the same period a year earlier.

Sophia had a net loss of close to $12.7 million in Q1, compared to a loss of $10.5 million in the year-earlier quarter.

As of March 31, the company had $57.1 million in cash and equivalents.

https://www.genomeweb.com/business-news/sophia-genetics-increases-ipo-target-221m

Pfizer, BioNTech to Provide U.S. with Additional 200M Doses of COVID-19 Vaccine

 Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced that the U.S. government has purchased an additional 200 million doses of the Pfizer-BioNTech COVID-19 Vaccine. These doses are expected to be delivered from October 2021 through April 2022. This brings the total number of doses to be supplied by the companies to the U.S. government under its existing supply agreement to 500 million. In a separate announcement on June 10, 2021, Pfizer and BioNTech shared plans to provide the U.S. government with 500 million doses of the companies’ COVID-19 vaccine for donation to the world’s poorest nations.

https://www.businesswire.com/news/home/20210723005094/en/Pfizer-and-BioNTech-to-Provide-U.S.-Government-with-an-Additional-200-Million-Doses-of-COVID-19-Vaccine-to-Help-Meet-Continued-Need-for-Vaccine-Supply-in-the-U.S.

The Delta for Covid-19 vaccine efficacy

 The ability of new coronavirus mutations to derail global vaccination campaigns remains an ever-present threat, but a large real-world observational analysis of UK cases, just published in the NEJM, suggests that Delta is not a variant capable of doing this.

With Delta quickly becoming the dominant Covid-19 variant in the west the results will be seen as a major endorsement of the current generation of vaccines from Pfizer/Biontech and Astrazeneca. The headline numbers, revealing 67-88% efficacy after a double dose, was previously revealed by Public Health England, but the NEJM paper has laid out the data and their importance in full.

The analysis comprises nearly 80,000 people across various UK regions. Most had received one or both doses of either Pfizer/Biontech’s Comirnaty or Astrazeneca’s Vaxzevria (those given Moderna’s Spikevax or a short or mixed schedule were excluded). Efficacy at preventing symptomatic Covid-19 was then compared against a 108,000-strong cohort of unvaccinated individuals.

One caveat is that this huge dataset is subject to numerous adjustments. It is, for instance, derived from data on nearly 300,000 Covid-19 samples that have been sequenced in the UK since last November, whittled down to just over 19,000 that occurred in people given Comirnaty or Vaxzevria, and comprising the Delta or Alpha variant. Further exclusions make the total cases adjudicated, comprising vaccinated and unvaccinated people, around 15,000, and efficacy is adjusted for ethnic group, sex, age and other factors.

Single dose

The authors found that the biggest decline in vaccine effectiveness between the two variants was seen in individuals who had received only one dose, where adjusted effectiveness fell from 48.7% for Alpha to 30.7% for the Delta variant. The relatively worse single-dose efficacy against Delta was more pronounced with Vaxzevria than with Comirnaty, at 30.0% versus 35.6%.

However, the good news is that a second dose made up much of the shortfall; here the decline in vaccine effectiveness when comparing Delta against Alpha variant was 5.7 points for Comirnaty and 7.5 for Vaxzevria. During the time this dataset was generated Delta accounted for 22% of all the Covid-19 cases.

The results support an earlier analysis of this Public Health England dataset, available so far only in summary via a preprint published in June. This concerns an arguably even more important metric: vaccine effectiveness against hospitalisation with severe Covid-19.

Again, this yielded the very positive finding that there was no falloff in effectiveness in terms of hospitalisations between the Alpha and Delta Covid-19 variant. Numerically the efficacy actually rose for Delta, but this was largely an artefact of low sample size: of the 14,000 symptomatic cases adjudicated in this analysis just 166 led to hospitalisation.

Public Health England observational Covid-19 study summary
 VE against symptomatic Covid-19 VE against hospitalisation
 Alpha (Kent) variantDelta (India) variant Alpha (Kent) variantDelta (India) variant
Either vaccine
1 dose49%31% 78%75%
Both doses88%80% 92%94%
Comirnaty
1 dose48%36% 83%94%
Both doses94%88% 95%96%
Vaxzevria
1 dose49%30% 76%71%
Both doses75%67% 86%92%
Source: NEJM & PHE preprint. VE=vaccine effectiveness.

The NEJM authors caution that an observational analysis of this sort has limitations, and is subject to the sensitivity and specificity of PCR testing, which might differ between the two variants. Despite adjustments age might also play a factor, given that the youngest people and health care workers are more likely to have received Comirnaty than Vaxzevria.

But the results should provide comfort to those concerned about sequencing data showing the Delta variant accounting for 83% of all US Covid-19 cases, and likely being responsible for all US cases doubling every nine days or so. Fears had recently been stoked by data from Israel suggesting that vaccine efficacy dipped to as low as 60% for the Delta variant, though these findings were likely confounded by other factors.

The authors say their key negative finding, reduced single-dose effectiveness against the Delta variant, supports efforts to maximise vaccine uptake with two doses among vulnerable groups.

This is also borne out by figures suggesting that case increases in the US are primarily driven by areas with relatively low vaccination coverage. Overall, immediate panic over the Delta variant might be misplaced.

https://www.evaluate.com/vantage/articles/news/trial-results/delta-covid-19-vaccine-efficacy

Biofrontera in deal with Medac for marketing of Ameluz® in Poland

 Biofrontera Pharma GmbH, a wholly owned subsidiary of Biofrontera AG (NASDAQ: BFRA; Frankfurt Stock Exchange: B8F), and Medac Gesellschaft für klinische Spezialpräparate mbH. (Medac), signed an exclusive license and supply agreement for the marketing of both Ameluz® and BF-RhodoLED® in Poland. The agreement has a term of 5 years commencing with the start of sales in Poland.

Under the terms of the agreement, Medac will make an immediate one-time upfront payment of EUR 50,000 to the Company, plus an additional one-time payment of EUR 150,000 following receipt of the drug's reimbursement eligibility from the Polish health insurance providers. According to the agreement, Medac receives exclusive distribution rights for Poland. Once reimbursement eligibility has been granted in Poland, Biofrontera will supply Ameluz® to Medac at a fixed transfer price based on the expected net revenues.

As with all of the company's other licensing agreements, Biofrontera will be responsible for regulatory affairs as well as manufacturing and quality control, while Medac will handle all aspects of commercialization and local regulatory and reimbursement in Poland.

Prof. Dr. Hermann Lübbert, CEO of Biofrontera AG, commented, "We are pleased to have a strong partner on our side to offer photodynamic therapy for the treatment of actinic keratosis and basal cell carcinoma by using Ameluz® and the BF-RhodoLED® in Poland."

Medac Gesellschaft für klinische Spezialpräparate mbH is a global pharmaceutical company based in Germany, which has been specializing in the treatment and diagnosis of oncological, urological and autoimmune diseases. In Poland, Medac operates a leading sales structure in dermatology and, with this agreement, expands its dermatology portfolio with the addition of Ameluz®.

Background:

In 2011, the prescription drug Ameluz® received a centralized EU marketing authorization from the European Commission, which since then has repeatedly been expanded. Ameluz® is approved for use in photodynamic therapy (PDT) of mild to moderate actinic keratoses, field cancerization, and superficial and nodular basal cell carcinomas. Ameluz® is approved for the use in conventional PDT with our special red-light lamp BF-RhodoLED® as well as for daylight PDT.

AstraZeneca: FDA backs treatment for pediatric patients with type 2 diabetes

 The US Food and Drug Administration yesterday approved Bydureon and Bydureon BCie (exenatide extended-release) injection to be used in addition to diet and exercise to improve glycemic control (blood sugar levels) in pediatric patients 10 years or older with type 2 diabetes.

Developed and marketed by Anglo-Swedish pharma major AstraZeneca (LSE: AZN), exenatide extended-release was previously approved to treat adults with type 2 diabetes. First-quarter 2021 sales of Bydureon were $103 million.

Exenatide extended-release is not recommended as a first treatment option for patients whose disease is not adequately controlled through diet and exercise. The medication should not be used for type 1 diabetes. Exenatide extended-release should not be used with other exenatide-containing products and it has not been studied in patients with a history of pancreatitis (inflammation of the pancreas).

Type 2 diabetes is the most common form of diabetes, occurring when the pancreas cannot make enough insulin to keep blood sugar at normal levels. Although type 2 diabetes primarily occurs in adults, the prevalence among younger people has been rising over the past few decades. The Centers for Disease Control and Prevention estimates that nearly 6,000 new cases of type 2 diabetes are diagnosed each year among US youth aged 10-19.

Exenatide extended-release improves blood sugar levels by creating similar effects in the body as the glucagon-like peptide (GLP-1) protein in the pancreas. GLP-1 levels are often insufficient in patients with type 2 diabetes. Like GLP-1, exenatide-extended release slows digestion, prevents the liver from making too much glucose (a simple sugar), and helps the pancreas produce more insulin when needed.

Carries a boxed warning

The prescribing information for this drug includes a boxed warning to advise health care professionals and patients about the increased risk of thyroid C-cell tumors. For this reason, patients who have had, or have family members who have ever had, medullary thyroid carcinoma should not use the therapy.

In addition, patients who have an endocrine system condition called multiple endocrine neoplasia syndrome type 2 and patients who have a prior serious allergic reaction to exenatide or any of the product components should not take the therapy. Patients with a history of drug-induced immune mediated thrombocytopenia (low blood platelet count) also should not use the drug.

https://www.thepharmaletter.com/article/fda-backs-treatment-for-pediatric-patients-with-type-2-diabetes

Vaccinated People in Singapore Make up 3/4 of Recent COVID-19 Cases

 Three quarters of Singapore's COVID-19 infections in the last four weeks were among vaccinated individuals, government data shows, as a rapid ramp-up in the city state's inoculations leaves fewer people unvaccinated.

Singapore has already inoculated nearly 75% of its 5.7 million people, the world's second highest after the United Arab Emirates, a Reuters tracker shows, and half its population is fully vaccinated.

It reported 1,096 locally transmitted cases in the last 28 days, of which 484, or 44%, were fully vaccinated people, while 30% were partially vaccinated and the remaining 25% were unvaccinated.

There were only seven severe cases requiring oxygen support and six of them were unvaccinated and one was partially vaccinated, the health ministry said.

"There is continuing evidence that vaccination helps to prevent serious disease when one gets infected," the ministry said, adding all of the fully vaccinated and infected people showed no symptoms or mild symptoms.

Experts said infections reported by vaccinated people do not mean vaccines are ineffective.

"As more and more people are vaccinated in Singapore, we will see more infections happening amongst vaccinated people," Teo Yik Ying, dean of the Saw Swee Hock School of Public Health at the National University of Singapore (NUS).

"It is important to always compare it against the proportion of people who remain unvaccinated.... Suppose Singapore achieves a rate of 100% fully vaccinated... then all infections will stem from the vaccinated people and none from the unvaccinated."

The data also showed that infections in the last 14 days among vaccinated people aged over 61 were at about 88%, higher than the younger age group.

Linfa Wang, a professor at Duke-NUS Medical School, said elderly people have been shown to have weaker immune responses upon vaccination.

In Israel, which also has a high vaccination rate, about half of the 46 patients hospitalised as of early July in severe condition were vaccinated, and the majority were from risk groups, according to the health authorities.

It was not immediately clear whether the data reflects reduced protection offered by vaccines against the more contagious Delta variant, which has been the most common version of the virus in Singapore in recent months.

Singapore uses Pfizer/BioNTech vaccine and Moderna for its national vaccination programme.

It recorded 162 new locally-transmitted COVID-19 cases on Thursday, close to an 11-month high from earlier this week. The rise in cases prompted authorities to tighten curbs on social gatherings, as they push to boost vaccination rates, especially among the elderly.

https://www.usnews.com/news/world/articles/2021-07-23/vaccinated-people-in-singapore-make-up-three-quarters-of-recent-covid-19-cases

Thursday, July 22, 2021

3 in 10 illegal immigrants in ICE custody decline COVID vaccine

 Almost a third of illegal immigrants in the custody of Immigration and Customs Enforcement (ICE) have refused the opportunity to receive a coronavirus vaccine.

Fox News, citing an ICE official, confirmed an Axios report from last week that the vaccine declination rate in all detention centers is 30 percent.

ICE reported 1,376 COVID-19 cases among inmates currently in custody as of Wednesday. The total number of inmates held by ICE stood at 27,067 as of the week ending July 16.

According to the ICE data, 1,095 COVID-19 cases (79.5 percent of the total) were recorded in facilities overseen by field offices in San Antonio, El Paso, Houston, Phoenix and San Diego. Another 69 cases have been recorded at six hotels that are being used as temporary migrant facilities.

It is unclear how many inmates have been offered a vaccine. However, Axios reported last week that the ICE had distributed more than 95 percent of an initial allotment of 10,000 doses of the single-shot Johnson & Johnson vaccine.

Coincidentally, the vaccination rate among those in ICE custody is slightly higher than the rate among eligible Americans. According to the Centers for Disease Control and Prevention (CDC), 68.6 percent of US adults have received at least one vaccine dose, while 65.9 percent of eligible Americans (age 12 and older) have received at least one dose.

Lawmakers have raised concerns that the ongoing surge of illegal immigrants at the southern border will lead to an increase in coronavirus infections, particularly due to the presence of the highly contagious Delta variant. More than 188,000 illegal immigrants were apprehended at the US-Mexico border in June, the highest total for that month in at least 22 years.

Meanwhile, those who are stopped at the border are increasingly being released into the US. The Post reported exclusively Thursday that four bus companies operating out of the border city of McAllen, Texas have added up six daily routes to keep up with demand.

McAllen City Mananger Roy Rodriguez told the Post the demand for tickets is at a record high, and much of it comes from immigrants caught crossing the border illegally and released pending future court appearances. The city manager added that a clearing center run by Catholic Charities is accommodating 7,000 people per week, with half leaving by bus and the other half by plane.

So far, the Biden administration has resisted pressure from immigration advocates to scrap Title 42, which was enacted by then-President Donald Trump in March 2020 and allows US Customs and Border Protection (CBP) to expel migrants to avoid the virus’ spread in holding facilities.

However, the administration has been allowing unaccompanied children and some family units to remain in the US after crossing the border.

https://nypost.com/2021/07/22/three-in-10-immigrants-in-ice-custody-decline-covid-vaccine/