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Monday, July 26, 2021

Tyme Granted U.S. Patent Claims on Tyrosine-Based Drug Delivery Method to Treat Cancer

 Tyme Technologies, Inc. (NASDAQ: TYME), an emerging biotechnology company developing cancer metabolism-based therapies (CMBTs™), announced that it has received notification that the United States Patent and Trademark Office has granted additional patent claims related to the Company’s metabolomic technology platform. The patent, U.S. Patent No. 11,058,638, involves a targeted delivery of therapeutics to cancer cells.

Tyme has developed a technology by which the tyrosine isomer racemetyrosine (α-methylparatyrosine) can be fused with a second therapeutic agent in a manner that creates a fusion compound that may allow targeted delivery to the cancer cells in a novel manner. This method of delivery, is predicated on the metabolic phenomenon in which cancer cells consume higher quantities of non-essential amino acids, including tyrosine, from their surrounding environment to support their growth because they cannot make enough of these amino acids.

The delivery technology is an investigational method of drug delivery in the pre-clinical phase of development that is not approved in the U.S. for any disease indication and requires further studies, which the Company plans to initiate this year.

https://finance.yahoo.com/news/tyme-granted-u-patent-claims-120500983.html

INmune Announces Design of Phase 2 Alzheimer’s Trial, New Phase 1b AD Biomarker Data

 Phase 2 study of XProTM will be a six-month, blinded, randomized, placebo-controlled trial in 168 patients with mild Alzheimer’s disease and biomarkers of inflammation.

Additional analysis from the Phase 1b study of XProTM demonstrates improvements in white matter analytics within three months in all patients treated with 1.0 mg/kg which supports the dose and duration of the Phase II trial.

Recent $40 million financing provides runway to Phase 2 Alzheimer’s data.

https://www.globenewswire.com/news-release/2021/07/26/2268586/0/en/INmune-Bio-Inc-Announces-Design-of-Upcoming-Phase-2-Alzheimer-s-Disease-Clinical-Trial-and-New-Phase-1b-AD-Biomarker-Data.html

Prothena Presents New Data from Robust Alzheimer’s Portfolio at Alzheimer’s Association

 

  • Late-breaking PRX012 poster highlights significant ex vivo clearance of both pyroglutamate-modified and -unmodified Aβ plaque from AD brain at concentrations expected to be reached in CNS with subcutaneous administration

  • Poster presentation demonstrates dual Aβ-tau vaccines simultaneously generate antibodies that neutralize and clear pathogenic Aβ and block pathogenic tau interaction

Prothena Corporation plc (NASDAQ:PRTA), a late-stage clinical company with a robust pipeline of novel investigational therapeutics built on protein dysregulation expertise, today announced that it presented new data at the Alzheimer’s Association International Conference® 2021 (AAIC®) from two of its Alzheimer’s disease (AD) programs. The presentations highlight new data for PRX012, Prothena’s next-generation anti-amyloid beta (Aβ) antibody being developed for subcutaneous administration for patients with AD, as well as data on the company’s dual Aβ-tau vaccine program being developed for the prevention and treatment of AD. These two programs and Prothena’s anti-tau antibody partnered with Bristol Myers Squibb, PRX005, are part of Prothena’s potentially best-in-class AD portfolio.

“Our presentations at AAIC reflect our commitment to leverage our protein dysregulation expertise to advance a diverse range of new medicines that are designed to offer enhanced efficacy, safety and access for patients with Alzheimer’s disease worldwide,” stated Hideki Garren, MD, PhD, Chief Medical Officer. “The data show that PRX012, our high-potency, next-generation anti-Aβ antibody, can clear pyroglutamate-modified and -unmodified Aβ plaque in brain tissue at concentrations that can be reached in the CNS with subcutaneous administration on a convenient treatment schedule. This has the potential to offer greater patient accessibility and compliance relative to approved therapies and treatments currently under development. We also presented preclinical data on our AD vaccine program, which simultaneously targets Aβ and tau, further reinforcing our commitment to offer multiple best-in-class therapeutic options for patients affected by and at risk of developing this devastating disease.”

Bristol Myers withdraws Opdivo in liver cancer as fallout from FDA meeting continues

 

  • Bristol Myers Squibb has withdrawn its immunotherapy Opdivo in liver cancer roughly three months after a Food and Drug Administration advisory panel recommended not to uphold the drug's 2017 approval in that indication. 
  • The FDA granted Opdivo monotherapy an accelerated clearance in second-line liver cancer based on a Phase 2 study showing a minority of patients responded to treatment. But Bristol Myers wasn't able to confirm, in further testing, that Opdivo helped patients live longer, and other immunotherapies have since proven effective against the disease, leading panelists to vote in April against the drug's continued use.
  • The withdrawal doesn't impact use of Opdivo in combination with Bristol's other immunotherapy, Yervoy, in the same setting in liver cancer, or as a monotherapy in any other indication. But it is the latest result from an ongoing push by U.S. regulators to pull accelerated cancer drug approvals that lack confirmatory data.  

Opdivo's 2017 clearance in liver cancer was a milestone, representing the first time an immunotherapy had become available to treat the disease.

But that approval was also one of several given to immunotherapies based on improvements in surrogate markers — like tumor shrinkage — likely, yet not guaranteed, to predict a clinical benefit. As of late April, 85% of the accelerated approvals issued over the past 10 years were for cancer drugs, and 35 of them went to immunotherapies for different indications, two of the FDA's top oncology reviewers wrote in a piece published in the New England Journal of Medicine

By that time, however, many of those approvals faced increased scrutiny because they'd failed confirmatory trials but were still on the market. The FDA began an industry-wide review of those clearances, leading immunotherapy developers Merck & Co., Bristol Myers, Roche and AstraZeneca to voluntarily pull their drugs in certain lung and bladder cancers. That evaluation intensified when the agency scheduled a three-day hearing to review the merits of six such approvals, among them Opdivo's in liver cancer. 

FDA advisers voted to uphold four of the six approvals reviewed at the hearing, fueling further criticism that the agency isn't keeping drugmakers to the terms of the accelerated approval pathway. Still, the two negative votes have had an impact. Merck pulled Keytruda's gastric cancer indication on July 7, and Bristol has now followed suit with Opdivo in liver cancer. 

In a statement, Bristol senior vice president and head of oncology development Jonathan Cheng said the company was "disappointed" by the position taken by the FDA and its advisers, noting that Opdivo "helped usher in an entirely new way" to treat the disease and is the most commonly used drug in second-line liver cancer. But Cheng expressed support for the accelerated approval pathway nonetheless, calling it "integral to enabling people with difficult to treat cancers to gain access to certain safe and effective therapies sooner."

The actual business impact of the withdrawals of Keytruda and Opdivo in stomach and liver cancers is likely to be inconsequential to their developers, some analysts have said. But the decisions could nonetheless send a message. Following the FDA meeting, SVB Leerink analyst Daina Graybosch noted that those two approvals had the weakest evidence, each based on response rates of less than 15%, and "poor proposals to confirm their benefit."  

Merck has said Keytruda is expected to be withdrawn in six months. Bristol didn't specify when it will take action.  

https://www.biopharmadive.com/news/bristol-myers-merck-withdraw-immunotherapies-accelerated-approvals/603875/

PerkinElmer to buy antibodies maker BioLegend for about $5.3B

 Medical diagnostic firm PerkinElmer Inc said on Monday it would buy BioLegend, a privately held maker of reagents and antibodies used in medical research, for about $5.25 billion in a cash-and-stock deal.

The deal, the largest ever for PerkinElmer, will allow the company to grow in areas such as clinical diagnostics and food safety testing, the diagnostic company said.

PerkinElmer said it has bridge financing from Goldman Sachs Bank USA to cover the cash portion of the transaction. The company said the deal is expected to provide an estimated growth of $0.30 of adjusted earnings per share in the first full year following close and greater than $0.50 in the second year.

BioLegend, which has more than 700 employees primarily based in the United States and whose revenue in 2022 is expected to be $380 million, provides antibodies and reagents in areas such as biologics and cell and gene therapy.

BioLegend's San Diego, California-based campus will become the global center for the development of chemical reagents used in medical research for the combined company, PerkinElmer said.

https://finance.yahoo.com/news/perkinelmer-buy-antibodies-maker-biolegend-112410255.html

Cassava Sciences: Positive data in Phase 2b Alzheimer's trial

 

  • SavaDx Detected Significant Changes in Plasma Levels of Altered Filamin A in Patients with Alzheimer’s Disease Before and After Simufilam Treatment

  • Simufilam 100 mg and 50 mg Reduced Plasma Levels of Altered Filamin A in Alzheimer’s Patients 48% (p=0.003) and 44% (p=0.02) Respectively

  • Plasma Results with SavaDx Track Plasma Results with p-Tau181

  • Plasma Data Provide Evidence of Target Engagement

  • Poster Presentation at AAIC Today

About Today’s Poster Presentation at AAIC
Scientists for Cassava Sciences will show a poster presentation titled, “SavaDx, a Novel Plasma Biomarker to Detect Alzheimer’s Disease, Confirms Mechanism of Action of Simufilam” at the Alzheimer’s Association International Conference (AAIC) in Denver, CO and virtually. Cassava Sciences’ AAIC poster presentation with SavaDx can be accessed on the ‘Investors’ page of the Company’s website: https://www.CassavaSciences.com

Genetic Technologies Rapidly Accelerating Commercialization Plans

  Genetic Technologies Limited (NASDAQ: GENE, “Company”, “GTG”), a global leader in Genomics based tests in health, wellness and serious disease, is pleased to provide its Quarterly Business Update to the market.

Highlights

  • Revenues from customers of A$99k in the quarter (unaudited), up from A$6k in Q3, including receipt of first month IBX sales

  • Confirmed launch of COVID-19 Risk Test by Infinity Biologix in the US

  • Confirmed grant of US Patent No 11,031,098 - ‘Computer Systems and Methods for Genomic Analysis’ (ASX Announcement on 11 June 2021)

  • Post quarter end acquisition of EasyDNA for US$4 million; strategically, this direct-to-consumer acquisition provides the foundation to grow the portfolio of serious disease tests across well-established websites in 40 countries

  • Strong cash balance of A$20.8 million as at 30 June 2021 provides runway to fund commercialization opportunities and continued product development

  • Net cash used for operations of A$2.12 million, an increase on the prior quarter (Q3 FY21: A$1.08 million) due mainly to the increase in R&D and operating expense of A$353k and receipt in Q3 of the R&D tax incentive receipt for A$763k

  • Appointment of Carl Stubbings as Chief Commercial Officer and commencement of Mike Tonroe as Chief Financial Officer

Simon Morriss, CEO of Genetic Technologies, stated, “Genetic Technologies is moving rapidly into the commercialization of its products with the launch of its COVID-19 Risk Test in May and the post quarter end announcement of the acquisition of EasyDNA.”

“This acquisition provides a direct-to-consumer platform and strong alignment with GTG’s planned expansion into health and wellness testing across well-established websites in 40 countries. This alignment was critical to our decision to acquire the brand and assets of EasyDNA,” continued Morriss.

Commercialization Update

Launch of COVID-19 Serious Disease Risk Test

The three-year co-exclusive licence agreement between IBX and GTG was announced on 3 March 2021 for the production, distribution, sales and marketing of GTG’s COVID-19 Risk Test in the US with the product launch at the end of May 2021. Revenues in the quarter from the IBX agreement were A$95k.