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Wednesday, August 4, 2021

Why BioNTech Stock Jumped

 Shares of BioNTech (NASDAQ:BNTX) had jumped 11.8% higher at 11:42 a.m. EDT on Wednesday. The gain came after The New York Times reported that the U.S. Food and Drug Administration will likely approve the Pfizer-BioNTech COVID-19 vaccine by early September. 


The potential for full FDA approval of its COVID-19 vaccine is certainly good news for BioNTech. However, it probably doesn't justify the biotech stock adding more than $10 billion to its market cap today.

For one thing, the timing of the potential FDA decision isn't surprising at all. STAT News reported last week that the agency was under pressure to make a quick approval.

Also, full FDA approval isn't likely to affect BioNTech's sales. The U.S. government has already purchased more than enough COVID-19 vaccine doses for near-term needs.


BioNTech could have another positive catalyst sooner than the FDA approval decision that's anticipated by early next month. The German drugmaker is scheduled to provide its second-quarter update on Aug. 9. 

https://www.fool.com/investing/2021/08/04/why-biontech-stock-is-jumping-today/

BeyondSpring hiked to Buy from Neutral by Wainwright

 Target $100

https://finviz.com/quote.ashx?t=BYSI

Why BeyondSpring Stock Skyrocketed

 Shares of BeyondSpring (NASDAQ:BYSI) soared on Wednesday after the pharmaceutical company released promising clinical trial results for its investigational lung cancer treatment. By the close of trading, BeyondSpring's stock price was up 176% after rising as much as 211% earlier in the day. 


A phase 3 trial of BeyondSpring's plinabulin treatment in combination with chemotherapy medication docetaxel to treat second and third line non-small cell lung cancer (NSCLC) reached its primary endpoint of statistically significant improvement in overall survival versus docetaxel alone.

The combination treatment study also met its secondary endpoints, including significantly improving overall response rate (the proportion of patients whose tumor is reduced by a drug), progression-free survival rate, and 24- and 36-month overall survival rates. Better still, it demonstrated a significant reduction in the incidence of grade 4 neutropenia, a condition in which an abnormally low number of white blood cells leads to an increased risk of infection.

CEO Dr. Lan Huang said in a press release that the results "further validate our conviction that plinabulin, as an immune anti-cancer agent, has the potential to be a cornerstone therapy for many solid tumors."


BeyondSpring hopes to obtain approval for plinabulin in combination with docetaxel in NSCLC from the U.S. Food and Drug Administration (FDA) and China's National Medical Products Administration (NMPA). The company expects to submit its new drug application (NDA) in the first half of 2022.

https://www.fool.com/investing/2021/08/04/why-beyondspring-stock-skyrocketed-today/

Full-Dose Heparin Benefit in Certain COVID-19 Patients Confirmed

 A therapeutic dose of heparin was associated with increased probability of survival for non-critically ill COVID-19 patients versus usual-care thromboprophylaxis, but not for the most severe patient population, peer-reviewed results from the REMAP-CAP, ACTIV-4a, and ATTACC multi-platform trial showed.

In the non-critically ill cohort, therapeutic dose anticoagulation with heparin was superior to usual care prophylaxis, with higher odds of increasing organ support-free days in patients hospitalized with moderate COVID-19 (adjusted odds ratio [aOR] 1.27, 95% credible interval [CrI] 1.03-1.58), reported Ryan Zarychanski, MD, of the University of Manitoba in Winnipeg, Canada, and colleagues.

This benefit seemed to persist, regardless of D-dimer level, with high D-dimer (aOR 1.31, 95% CrI 1.00-1.76), low D-dimer (aOR 1.22, 95% CrI 0.93-1.57), and unknown D-dimer levels (aOR 1.32, 95% CrI 1.00-1.86) showing higher odds of superiority for therapeutic-dose anticoagulation versus usual care thromboprophylaxis, they wrote in the New England Journal of Medicine (NEJM).

The median adjusted absolute between-group difference in survival until hospital discharge without organ support was 4.0 percentage points (95% CrI 0.5-7.2), the authors noted.

However, a second NEJM study from this multi-platform trial in a critically ill population did not find the same benefits.

So why did each population respond differently? In an accompanying editorial, Hugo ten Cate, MD, PhD, of Gutenberg University Medical Center in Mainz, Germany, speculated that "the underlying thrombotic and inflammatory damage may have been too advanced to be influenced by higher doses of heparin" in the critically ill group.

He also noted the differences in patient populations between the three platforms, where the majority of critically ill patients were from REMAP-CAP in the U.K, while the majority of patients with moderate disease were from ATTACC and ACTIV-4 in the U.S. and Brazil.

Ultimately, ten Cate concluded the data do not support use of heparin to prevent thrombosis in critically ill patients, but that "other thrombotic or even profibrinolytic strategies may be warranted." He also argued that the jury is still out on heparin even in the moderately ill, saying the benefits and risks should be weighed.

"Physicians must deal with the key issues regarding the lack of insight into the mechanisms by which heparin [...] does (or does not) provide protection and the question of whether the individual patient's bleeding risk outweighs the benefit," ten Cate wrote.

Non-Critically Ill Patients See Benefit

Earlier results from the three platforms -- rolled into one multi-platform, randomized trial -- were presented twice in January 2021, as topline results and then as a slide deck.

After topline results were released, enrollment was discontinued when an adaptive analysis showed prespecified criteria for superiority (defined as ">99% probability of an odds ratio of >1.0") were met for both high and low D-dimer groups. High D-dimer level was at least two times the upper limit of the normal range, while low D-dimer level was less than two times the upper limit of the normal range. Overall, the primary analysis included 2,219 patients, enrolled from April 2020 to January 2021.

The trial included patients from 121 sites in nine countries hospitalized with moderate COVID-19, but who did not need respiratory or cardiovascular organ support in an ICU setting. They were randomized to receive either therapeutic-dose anticoagulation with heparin or usual-care thromboprophylaxis, and were stratified by D-dimer level: high, low, or unknown.

Primary outcome was organ-free support days based on an ordinal scale combining in-hospital death and days free of cardiovascular or respiratory support through day 21 among patients surviving to hospital discharge.

Patients had a mean age of about 59 years, 57% to 60% were men, and about two-thirds were white. Patients in the high D-dimer group were generally older and had more comorbidities. About 62% of patients were receiving glucocorticoids at baseline, 36% were receiving remdesivir (Veklury), and 12% were receiving antiplatelet agents.

Overall, 80.2% of patients in the therapeutic-dose group survived to hospital discharge without receiving organ support versus 76.4% of those in the usual care group. Median organ support-free days was 22 for both groups.

Major bleeding occurred in 1.9% of the therapeutic dose group and 0.9% of the usual care group. Fatal bleeding occurred in three patients in the therapeutic dose group and one in the usual care group.

"On the basis of these findings, for every 1,000 hospitalized patients with moderate disease, an initial strategy of therapeutic-dose anticoagulation [...] would be anticipated to result in the survival of 40 additional patients until hospital discharge without organ support at the expense of 7 additional major bleeding events," the authors wrote.

No Benefit in Critically Ill Population

In critically ill COVID-19 patients, there was no difference in organ support-free days or survival to hospital discharge between the two treatment groups, and the trial was stopped for futility in December 2020.

Futility was defined as an odds ratio less than 1.2, and odds that the therapeutic dose group increased organ support-free days was lower than the usual care group (aOR 0.83, 95% CrI 0.67-1.03). The percentage of patients surviving to hospital discharge was also similar, with about 63% in the therapeutic dose group versus about 65% in the usual care group (aOR 0.84, 95% CrI 0.64-1.11).

This population consisted of 1,103 patients from 393 sites in 10 countries. They were hospitalized with COVID-19 and required ICU-level respiratory or cardiovascular organ support, such as non-invasive or invasive mechanical ventilation.

The median value for organ support-free days for the therapeutic dose group was 1, while it was 4 for the usual care group.

A major bleeding event occurred in 3.8% of the therapeutic dose group versus 2.3% of the usual care group, and about 40% of patients in both groups had major thrombotic events or death.


Disclosures

The views expressed in this article are those of the authors and do not necessarily reflect the view of the National Health Service, the National Institute for Health Research, the U.K. Department of Health and Social Care, or the NIH.

Zarychanski disclosed support from Canadian Institutes of Health Research, LifeArc Foundation, Research Manitoba, Peter Munk Cardiac Centre, Thistledown Foundation, and NIH.

Other co-authors disclosed support from the NIH, as well as various ties to industry.

ten Cate disclosed support from Coagulation Profile, Portola/Alexia, PPS Health Holland, Bayer, Pfizer, STAGO, Leo Pharma, Daiichi, and Gilead/Galapagos.

CVS ups full year earnings guidance

 CVS Health Corp. Wednesday raised its full-year earnings guidance after the company posted second-quarter adjusted earnings that exceeded analysts' expectations.

The Woonsocket, R.I.-based pharmacy retailer said it now expects full-year adjusted earnings of $7.70 a share to $7.80 a share. The company had previously forecast earnings of $7.56 a share to $7.68 a share.

Analysts polled by FactSet had been forecasting full-year earnings of $7.67 a share.

https://www.marketscreener.com/quote/stock/CVS-HEALTH-CORPORATION-12230/news/CVS-Raises-Full-Year-Earnings-Guidance-36062888/

Fed investigators to review FDA's' accelerated pathway' for Biogen Alzheimer's drug approval

 An independent federal review has been launched into the U.S. Food & drug Administration's accelerated approval pathway using which the agency approved Biogen Inc's Alzheimer's treatment Aduhelm.

The probe will be undertaken by the Office of the Inspector General at the Department of Health and Human Services.

The listed date for the completion of the review is 2023 but the agency said there is potential for the review to be completed sooner, with some results being delivered by next year.

The agency will review a sample of drugs which were approved using the accelerated approval pathway, including Aduhelm, to find out if the FDA compiled with all relevant procedures and policies during the process.

The scientific appropriateness of the FDA's approval of any of the drugs are not under review.

The FDA has faced heavy criticism for approving the Biogen drug without definitive evidence of patient benefit and over objections of its own panel of outside experts. The agency's relationship with Biogen has also come under scrutiny.

"We will determine if the application of FDA's pertinent policies and procedures allow for inappropriate relationships with pharmaceutical officials and other external entities," HHS OIG spokeswoman Tesia Williams said in a statement.

The FDA approved Biogen's Aduhelm on June 7 despite one of its two large-scale clinical trials failing to show a benefit to patients.

The FDA has granted the so-called "accelerated approval" in more than 250 instances since 1992, mainly for rare diseases or small patient populations that have had no effective treatments available to them. In these cases, the agency requires that drugmakers conduct additional clinical trials to prove their therapy works, or face withdrawal from the market.

https://www.marketscreener.com/quote/stock/BIOGEN-INC-4853/news/Biogen-Federal-investigators-to-review-FDA-s-accelerated-pathway-over-Alzheimer-s-drug-approval-36069966/

'Coronavirus infections three times lower in double vaccinated people'

 New research has found that double vaccinated people were three times less likely than unvaccinated people to test positive for the coronavirus.

These results from the Imperial-led REACT-1 study, a major coronavirus monitoring programme, are based on swab tests taken by almost 100,000 people in England between 24 June and 12 July. During this period, 0.63% of people were infected, or 1 in 158. This represents a 4-fold rise compared with the study’s previous report, when 0.15% or 1 in 670 had the virus as of 7 June.

The number of infections was similar to early October 2020 and late January 2021, doubling every 25 days with an R number of 1.19. The R number was lower than the previous round (1.44) and the study’s interim report published on 8 July (1.87), which looked at the first 47,000 swabs taken for this round of testing. This suggests that the rate of growth slowed at the end of the study period.

The study’s analyses of PCR test results also suggest that fully vaccinated people may be less likely than unvaccinated people to pass the virus on to others, due to having a smaller viral load on average and therefore likely shedding less virus.

Professor Paul Elliott, director of the REACT programme from Imperial’s School of Public Health, said: “These findings confirm our previous data showing that both doses of a vaccine offer good protection against getting infected. However we can also see that there is still a risk of infection, as no vaccine is 100% effective, and we know that some double vaccinated people can still become ill from the virus.

“So even with the easing of restrictions, we should still act with caution to help protect one another and curb the rate of infections.”

These findings from the ongoing REal-time Assessment of Community Transmission (REACT-1) programme, led by Imperial and carried out in partnership with Ipsos MORI, are available here in a pre-print report and will be submitted for peer-review. Data are continually reported to the government to inform decision-making.

Infections in vaccinated people

For this latest round of the REACT study, 98,233 people swabbed themselves at home and their samples were analysed by PCR testing. 527 of these were positive, giving an overall prevalence of 0.63%. 254 of these were successfully analysed in the lab to determine their origins, 100% of which were the Delta variant. In the previous round, the figure was just under 80% for Delta with the remaining Alpha.

People who were unvaccinated had a three-fold higher prevalence than those who had received both doses of a vaccine, at 1.21% compared to 0.40%. However both of these represent more than a five-fold increase compared to the previous round (0.24%, 0.07%, respectively). Based on these data, the researchers estimate that fully vaccinated people in this testing round had between around 50% to 60% reduced risk of infection, including asymptomatic infection, compared to unvaccinated people.

In addition, double vaccinated people were less likely than unvaccinated people to test positive after coming into contact with someone who had COVID-19 (3.84% vs 7.23%).

Professor Steven Riley, Professor of Infectious Disease Dynamics at Imperial, said: “The Delta variant is known to be highly infectious, and as a result we can see from our data and others’ that breakthrough infections are happening in fully vaccinated people. We need to better understand how infectious fully vaccinated people who become infected are, as this will help to better predict the situation in the coming months, and our findings are contributing to a more comprehensive picture of this."

Trends in coronavirus infections

Infections increased substantially in all regions of the country, with the highest prevalence found in London at 0.94%, up from 0.13% in the previous round. However there were signs that the rate of growth was starting to slow in London, although there was uncertainty in the data.

Previous study data showed that the link between infections, hospitalisations and deaths had been weakening since February. However since mid-April, the researchers found that the trends between infections and hospitalisations were growing closer together again, although to a smaller extent for deaths. This could reflect the switch from Alpha to Delta, and a changing mix (towards younger and unvaccinated people) of hospitalised cases.

Health and Social Care Secretary Sajid Javid said: “Our vaccination rollout is building a wall of defence that means we can carefully ease restrictions and get back to the things we love, but we need to be cautious as we learn to live with this virus.

“Today’s report shows the importance of taking personal responsibility by self-isolating if you are contact traced, getting tested if you have symptoms and wearing face coverings where appropriate.

“I urge anyone who has yet to receive a vaccine to get jabbed and take up both doses – the vaccines are safe and they are working.”

Other key findings include:

  • The highest infection prevalence was found in young people aged 13-24 at 1.56%, or 1 in 65 infected, while the lowest was in people aged 75+ at 0.17%
  • Women had a lower risk of testing positive than men (0.55% vs 0.71%)
  • People who identify as Black had a higher risk of infection compared with White people (1.21% vs 0.59%)
  • Those living in the most deprived neighbourhoods had a higher risk of infection than those in the least (0.82% vs 0.48%)
https://www.imperial.ac.uk/news/227713/coronavirus-infections-three-times-lower-double/