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Thursday, July 29, 2021

AstraZeneca COVID-19 vaccine shipped to Canada, Mexico before adequate plant inspections

 Canada and Mexico imported millions of doses of AstraZeneca's COVID-19 vaccine and offered them to the public without health officials properly inspecting the operations of the U.S. manufacturer, according to inspection records and the regulators involved.

The Baltimore plant belonging to Emergent BioSolutions Inc was producing vaccines for both AstraZeneca Plc and Johnson & Johnson under a $628 million U.S. government contract.

In late March, under pressure to help other nations access COVID-19 vaccines, the Biden administration released 1.5 million AstraZeneca doses to Canada, and 2.5 million to Mexico.

European regulators had certified Emergent's factory as complying with "good manufacturing practices," and on that basis both Canada and Mexico began using the vaccine, regulators in both countries told Reuters.

But the European Medicines Agency (EMA) told Reuters that the certification was based on a remote inspection that focused on a part of the facility that was not actually producing the AstraZeneca shots - a fact that has not been previously reported.

The U.S. Food and Drug Administration halted production at the factory three weeks later, after J&J's vaccine was found to be contaminated with material used in the AstraZeneca shots.

FDA inspectors later documented unsanitary conditions and poorly-trained staff at the plant, which had been rapidly overhauled to make vaccines during the pandemic. Production remains halted, with tens of millions of doses of both vaccines in regulatory limbo.

No reports of illness have been linked to vaccines manufactured by Emergent, and regulators have not alleged that contaminated vaccines were given to anyone. Emergent said there has been no evidence of contamination in the AstraZeneca shots produced at its site.

But details of the flawed approval process show blind spots that can develop when national regulators share responsibility for overseeing a complex global pharmaceutical industry. Those were only exacerbated given the urgency of the pandemic.

"It's a risk, because who knows what the standards are that are being applied?" said Joel Lexchin, a Canadian professor and expert in drug regulation. Health Canada typically relies heavily on foreign regulators, he said. "It's a gap that exists outside of crisis times."

Emergent said in a statement that it "has worked with health officials around the world to ensure any vaccine drug substance we manufactured meets strict safety and quality requirements before being released."

AstraZeneca said vaccines manufactured by Emergent were subject to more than 40 tests to meet its requirements for safety, purity and quality, and that its manufacturing standards "are rigorously assessed and independently verified by regulators."

Health Canada told Reuters it is confident the vaccines it received were safe, pointing in part to AstraZeneca's quality control systems. Mexico health regulator COFEPRIS said it remains "confident that the approval process was carried out with all the necessary rigor."

Canada signed deals to formally recognize some other regulators' certifications as early as 2003, and the United States and Europe reached similar deals in 2019.

A EUROPEAN INSPECTION

Early in the vaccine rollout, the European Union was due to receive doses of the J&J vaccine made by Emergent. In early February, Italian officials conducted a remote inspection of the plant that only focused on areas where J&J production was taking place "and not the AstraZeneca vaccine, which was not manufactured at Emergent for the EU market," EMA said in a statement.

Health Canada said it assumed both products would be made to the same standard. "The quality systems assessed by the EMA for this product would be applicable to all similar products made at this site," it said in a statement.

This is the wrong approach, according to University of Ottawa professor Amir Attaran, who studies drug policy, including Health Canada's reliance on foreign regulators.

"It's precisely because they were similar (products) that cross contamination is a risk," he said. Canada was "out on a limb" approving AstraZeneca doses from the facility before the FDA, he said.

Health Canada said it reviewed test results and quality control steps for every vaccine lot sent to Canada.

Initially, Mexico's COFEPRIS told Reuters the FDA was responsible for certifying U.S. operations, but later confirmed that the factory had been certified by European regulators.

When Reuters shared the European regulators' statement that it had not assessed AstraZeneca production specifically, COFEPRIS said it would review the file, but remained confident in the approval process.

The Mexican regulator said vaccines went through quality control systems at Emergent, and twice more during the vial filling process handled by another contract manufacturer.

"When evaluating vaccines, the product and its entire production process are considered and examined," it said in a statement.

Emergent's contract with the U.S. government is the focus of a Congressional investigation, which unearthed documents that highlight early concerns about the Baltimore plant.

Soon after the Trump administration announced Emergent's contract last summer, its own vaccine officials visited the plant and wrote a report flagging inadequate staffing and training. The report warned of the need to strengthen quality oversight, a process that would "require significant resources and commitment."

The FDA, following a February 2021 visit to the plant, noted in a June memo that Emergent staff turnover was high and record-keeping inadequate. While European regulators said they were aware of that visit, Health Canada said it did not learn about it until last month.

An FDA spokesperson said the agency works closely with international partners, and that it notified various health authorities of its findings after its April 2021 inspection of the Emergent facility.

Emergent said it is still working with the FDA to release more of the already produced COVID-19 vaccine batches.

"We have manufactured tens of millions of doses that could be used to help vaccinate people around the world as the pandemic shows no signs of slowing down," the company said.

https://news.yahoo.com/exclusive-astrazeneca-covid-19-vaccine-110453144.html

Baxter posts mixed-bag Q2 results

 Baxter (NYSE: BAX) this week posted second-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates.

The Deerfield, Ill.-based company reported profits of $301 million, or 59¢ per share, on sales of $3.098 billion for the three months ended June 30, for a bottom-line gain of 21.9% on sales growth of 13.98% compared with Q2 2020.

Adjusted to exclude one-time items, earnings per share were 80¢, 5¢ ahead of The Street, where analysts were looking for sales of $3.11 billion.

“As markets worldwide continue to cope with the effects from the COVID-19 pandemic, Baxter’s second-quarter performance reflects the diversity and durability of our lifesaving portfolio combined with the breadth of our geographic reach,” president and CEO José Almeida said in a news release.

“Our drive to innovate, the essential nature of our product lines and the momentum of our transformation are all critical factors in our effort to improve performance and extend our impact. I am looking forward to our upcoming investor conference in September, where we will showcase our strategies to help drive incremental value for patients, clinicians, investors and the many other stakeholders we serve.”

Baxter updated its full-year guidance and now expects GAAP earnings of $2.82 to $2.88 per diluted share and $3.49 to $3.55 adjusted earnings per share.

https://www.massdevice.com/baxter-posts-mixed-bag-q2-results/

Icosavax Announces Pricing of Upsized IPO

 Icosavax, Inc. (Nasdaq: ICVX), a biopharmaceutical company leveraging its innovative virus-like particle (VLP) platform technology to develop vaccines against infectious diseases, with an initial focus on life-threatening respiratory diseases, today announced the pricing of its upsized initial public offering of 12,133,333 shares of common stock at an initial public offering price of $15.00 per share. All of the shares are being offered by Icosavax. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Icosavax, are expected to be approximately $182.0 million. The shares are expected to begin trading on the Nasdaq Global Select Market on July 29, 2021 under the ticker symbol “ICVX.” The offering is expected to close on August 2, 2021, subject to the satisfaction of customary closing conditions. In addition, Icosavax has granted the underwriters a 30-day option to purchase up to an additional 1,819,999 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Jefferies, Cowen, Evercore ISI and William Blair are acting as joint book-running managers for the offering.

https://www.businesswire.com/news/home/20210728006124/en/Icosavax-Announces-Pricing-of-Upsized-Initial-Public-Offering

Lilly, Kumquat Biosciences Link for Novel Small Molecules anti-Tumor Effort

 Loxo Oncology at Lilly, a research and development group of Eli Lilly and Company (NYSE: LLY), and Kumquat Biosciences today announced an exclusive collaboration focused on the discovery, development and commercialization of potential novel small molecules that stimulate tumor-specific immune responses.

Through the multi-year collaboration, Kumquat will utilize its small molecule immuno-oncology (IO) platform to discover novel clinical candidates and Lilly has the option to select a certain number of drug candidates for further development and commercialization worldwide, excluding Greater China. Kumquat has retained development and commercialization rights in Greater China for each of the drug candidates selected by Lilly, subject to Lilly's option to co-commercialize in Greater China. Additionally, Kumquat has the option to co-develop and co-commercialize a certain number of the drug candidates selected by Lilly in the U.S.

Kumquat will receive an aggregate of $70 million consisting of a cash upfront payment and an equity investment. Kumquat is eligible to receive over $2 billion in potential milestone payments based on the achievement of preclinical, development and future commercial milestones, as well as royalties on sales of commercialized products resulting from the collaboration.

https://finance.yahoo.com/news/lilly-kumquat-biosciences-announce-collaboration-104500440.html

Cocrystal SARS-CoV-2 3CL Protease Shows Broad Activity Against Delta, Gamma

  Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”) announces that its SARS-CoV-2 3CL protease lead CDI-45205 and several analogs showed potent in vitro activity against the SARS-CoV-2 Delta (India/B.1.617.2) and Gamma (Brazil/P.1) variants. Cocrystal previously announced that CDI-45205 and analogs exhibited broad-spectrum activity against the SARS-CoV-2 Alpha (United Kingdom/B.1.1.7) and Beta (South African/B.1.351) variants, surpassing the activity observed with the Wuhan strain.

“These in vitro SARS-CoV-2 results further indicate that Cocrystal’s SARS-CoV-2 3CL protease inhibitor CDI-45205 may be an effective treatment for COVID-19 caused by SARS-CoV-2 and its emerging variants, including the fast-spreading Delta variant that is becoming the dominant COVID-19 variant globally,” said Sam Lee, Ph.D., Cocrystal’s President and interim co-CEO. “The broad-spectrum activity against these SARS-CoV-2 variants is highly encouraging as CDI-45205 previously demonstrated excellent in vivo efficacy in a MERS-CoV-2 infected animal model.”

“CDI-45205 has now shown antiviral activity in preclinical testing against SARS-CoV-2 and all four major variants,” said James Martin, CFO and interim co-CEO, “Our next steps are to scale-up synthesis and manufacture active pharmaceutical ingredient (API) to support Investigational New Drug (IND)-enabling studies to advance CDI-45205 into clinical trials.”

The Company continues to develop SARS-CoV-2 oral protease inhibitors and replication inhibitors using its proprietary drug discovery platform technology. Cocrystal’s approach to drug discovery provides a unique path for designing broad-spectrum coronavirus antivirals against SARS-CoV-2 and emerging variants.

https://finance.yahoo.com/news/cocrystal-pharma-sars-cov-2-120000891.html

Vaxart: Boosting Immune Responses in Subjects Previously Vaccinated by Vaxart Vaccine

 First booster clinical study by Vaxart shows boosted immune responses similar to original responses with Vaxart vaccine

Findings have potential implications for Vaxart's COVID-19 oral vaccine program

https://www.prnewswire.com/news-releases/vaxart-reports-boosting-immune-responses-in-subjects-previously-vaccinated-by-a-vaxart-vaccine-301344267.html

Augmenta, TFF: Positive In Vitro Data on action on SARS-CoV-2 Delta Variant by Anti-COVID-19 Antibody

 Data Shows AUG-3387 Neutralizes SARS-CoV-2 Delta Variant in Infective Assays

Supports Earlier Data Showing AUG-3387 Binds Strongly to Delta Variant in Addition to Wild-Type Spike Protein and Other Variants of Concern

Catalent Selected as Contract Drug Manufacturing Organization (CDMO) for AUG-3387

Scale-up Manufacturing for AUG-3387 Proceeding Rapidly; Early Batches Show Promising Results

https://finance.yahoo.com/news/augmenta-bioworks-tff-pharmaceuticals-announce-120000897.html