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Friday, October 1, 2021

Biotech Investors: Mark Your Calendar For October PDUFA Dates

 Following a mixed month for regulatory approvals, biotech investors now turn toward a month of plenty as far as Food and Drug Administration decisions are concerned.

Four new molecular entities, or NMEs, were approved in September. Seagen Inc. 

 (Get Free Alerts for SGEN) and Genmab's  (Get Free Alerts for GMAB) antibody-drug conjugate Tivdak for the treatment of metastatic cervical cancer and Takeda Pharmaceutical's  Exkivity for the treatment of EGFR exon 20 insertion–positive non–small cell lung cancer were among the NME approvals for the month.

Incyte Corporation 

 received twin regulatory nods this month.

On the other hand, Calliditas Therapeutics AB 
 was in for a disappointment as the drug regulator announced a three-month extension in the review period for its Nefecon as a treatment option for primary IgA Nephropathy.

Verrica Pharmaceuticals Inc.'s 

 viral skin infection treatment candidate was rejected by the FDA.

Here are the key PDUFA catalysts for the unfolding month.

Click here to access Benzinga's FDA Calendar

Gilead Eyes Additional Approval For Tecartus In Severe Leukemia Patients

  • Company: Gilead Sciences, Inc. 
  • Type of Application: supplemental biologic license application
  • Candidate: Tecartus
  • Indication: blood cancer
  • Date: Oct. 1

Tecartus (brexucabtagene autoleucel) is a CAR T-cell therapy that's being evaluated in adult patients with relapsed or refractory B-cell precursor acute lymphoblastic leukemia. Gilead acquired the asset through its Kite acquisition. It's currently indicated for the treatment of adult patients with relapsed or refractory mantle cell lymphoma.

Can Chemocentryx's Avacopan Find a Smooth Sailing Following An Extended Review?

  • Company: ChemoCentryx, Inc. 
  • Type of Application: new drug application
  • Candidate: avacopan
  • Indication: ANCA-Associated Vasculitis
  • Date: Oct. 7

Avacopan is an orally-administered small molecule that employs a targeted mode of action in the treatment of ANCA-associated vasculitis and other complement-driven autoimmune and inflammatory diseases.

ANCA-associated vasculitis is a systemic disease in which over-activation of the complement pathway further activates neutrophils, leading to inflammation and destruction of small blood vessels. This leads to organ damage and failure, mainly the kidney, and is fatal if not treated.

The FDA accepted the avacopan NDA for review on Sept. 17, 2020, and set an original PDUFA goal date of July 7. An FDA panel that reviewed the NDA in early May issued a split verdict. The regulator finally extended the review period by three months.

Avadel Hopes To Take Its Sleep Disorder Drug Past The Finish Line

  • Company: Avadel Pharmaceuticals plc 
  • Type of Application: NDA
  • Candidate: FT218
  • Indication: sleep disorder
  • Date: Oct. 15

FT218, an investigational, once-nightly formulation of sodium oxybate for the treatment of excessive daytime sleepiness and cataplexy in adults with narcolepsy.

If approved, FT218 will be the first and only once-nightly oxybate medication, a significant advancement to the twice-nightly regimen that has been required for nearly 20 years, the company had said in a statement.

FT218 will be approved by the PDUFA date, and its sales can grow to over $300 million in 2023, and generate sales in the $400 million+ range in the outer years on a non-risk-adjusted basis given its more convenient once-nightly dosing vs other sodium oxybates, Needham analyst Ami Fadia said in a recent note.

‘Go' For United Therapeutics Pulmonary Arterial Hypertension Med?

  • Company: United Therapeutics Corporation 
  • Type of Application: NDA
  • Candidate: Tyvaso DPI (inhaled treprostinil)
  • Indication: Pulmonary arterial hypertension
  • Date: Oct. 15

United Therapeutics is developing Tyvaso DPI under a collaboration and license agreement with MannKind Corporation 

.

Tyvaso DPI incorporates the dry powder formulation technology and Dreamboat inhalation device technology used in MannKind's Afrezza inhalation powder product, which was approved by the FDA in 2014. If approved, Tyvaso DPI is expected to provide a more convenient method of administration as compared with traditional nebulized Tyvaso therapy.

Oyster Point Pharma Awaits Nod For Dry Eye Disease Drug

  • Company: Oyster Point Pharma, Inc. 
  • Type of Application: NDA
  • Candidate: OC-01 (varenicline) nasal spray
  • Indication: dry eye disease
  • Date: Oct. 17

OC-01 nasal spray is a highly selective cholinergic agonist being developed as a multi-dose preservative-free nasal spray to treat the signs and symptoms of dry eye disease. Dry eye disease, a chronic, progressive condition that impacts more than 30 million people in the U.S., is a multifactorial condition of the ocular surface characterized by disruption of the tear film.

Dry eye disease affects quality of life, as it can cause persistent stinging, scratching, burning sensations, sensitivity to light, blurred vision and eye fatigue.

The NDA was accepted for review on March 2, with a decision-by date of Oct. 17. The company is planning a U.S. launch in the fourth quarter, contingent on FDA approval.


Omeros Hopes For No Further Hiccups In Narsoplimab Approval

  • Company: Omeros Corporation 
  • Type of Application: BLA
  • Candidate: narsoplimab
  • Indication: hematopoietic stem cell transplant-associated thrombotic microangiopathy
  • Date: Oct. 17

Omeros' narsoplimab is its lead MASP-2 inhibitor that targets the lectin pathway of complement. It's also in multiple late-stage clinical development programs focused on other complement-mediated disorders, including IgA nephropathy, atypical hemolytic uremic syndrome and COVID-19.

Transplant-associated thrombotic microangiopathy is an endothelial damage syndrome that is increasingly identified as a complication of both autologous and allogeneic hematopoietic cell transplantation in children.

The original PDUFA date of July 17 was extended by three months due to the additional time sought by the FDA to review information provided by the company in response to a request by the agency.

Ocular Seeks Label Expansion For Dextenza

  • Company: Ocular Therapeutix, Inc. 
  • Type of Application: sNDA
  • Candidate: Dextenza
  • Indication: allergic conjunctivitis
  • Date: Oct. 18

Dextenza is being evaluated for the treatment of ocular itching associated with allergic conjunctivitis. It was previously approved for the treatment of ocular inflammation and pain following ophthalmic surgery.

It's a corticosteroid intracanalicular insert placed in the punctum, a natural opening in the inner portion of the lower eyelid, and into the canaliculus and is designed to deliver dexamethasone to the ocular surface for up to 30 days without preservatives.

Will Sanofi-Regeneron's Dupixent Get Another Label Expansion?

  • Company: Sanofi  & Regeneron Pharmaceuticals, Inc. 
  • Type of Application: sBLA
  • Candidate: Dupixent
  • Indication: asthma in children
  • Date: Oct. 21

Dupixent is being evaluated as an add-on treatment for children aged 6 to 11 years with uncontrolled moderate-to-severe asthma. Dupixent is currently approved as an add-on treatment for patients with uncontrolled moderate-to-severe asthma aged 12 and older with elevated eosinophils or oral corticosteroid dependent asthma.

Roche Has a Date With FDA For Retinal Disorder Therapeutic

  • Company: Roche Holding AG 
  • Type of Application: BLA
  • Candidate: Port Delivery System with ranibizumab, or PDS
  • Indication: neovascular or wet age-related macular degeneration
  • Date: Oct. 23

PDS is a permanent refillable eye implant designed to continuously deliver a customized formulation of ranibizumab over a period of months, potentially reducing the treatment burden associated with frequent eye injections.

If approved, PDS, according to the company, would be a first-of-its-kind therapeutic approach, offering people living with nAMD an alternative to frequent eye injections of anti-vascular endothelial growth factor, the current standard of care.

Eyenovia's Pupil Dilation Agent Up Before FDA Altar

  • Company: Eyenovia, Inc. 
  • Type of Application: NDA
  • Candidate: MydCombi
  • Indication: Pupil dilation agent for eye examination
  • Date: Oct. 28

MydCombi is a fixed combination pupil dilation agent for potential use in eye exams. Eyenovia noted that if approved, MydCombi would be the first microdosed ocular therapeutic applied with a high precision smart delivery system, the Optejet.

Can Second Time Be Charm For ANI Pharma?

  • Company: ANI Pharmaceuticals, Inc. 
  • Type of Application: sNDA
  • Candidate: purified Cortrophin gel
  • Indication: multiple indications
  • Date: Oct. 29

Purified Cortrophin gel is a purified adrenocorticotropic hormone previously approved in the U.S. for multiple indications including multiple sclerosis, rheumatoid arthritis, and nephrotic syndrome.

The FDA originally approved Cortrophin Gel in 1954 for the treatment of several autoimmune conditions. The usage of the therapy was discontinued in the 1980s. ANI Pharma acquired it from Merck & Co. Inc. 

 in early 2016 and worked on validating the therapy and modernizing its manufacturing and control processes to align with current FDA standards.

The original regulatory application submitted by ANI Pharma was rejected by the FDA in April 2020 due to concerns with the quality of information provided about the therapy's chemistry, manufacturing, and control processes. Following the company's resubmission, the FDA accepted it for review in late August.

Can Clearside Biomedical & Bausch Succeed In Second Try For Macular Edema Drug?

  • Company: Clearside Biomedical, Inc. (NASDAQLSD & Bausch Health Companies Inc. 
  • Type of Application: NDA
  • Candidate: Xipere (triamcinolone acetonide)
  • Indication: macular edema associated with uveitis.
  • Date: Oct. 30

Xipere is a proprietary suspension of the corticosteroid triamcinolone acetonide formulated for administration to the suprachoroidal space that is being investigated for the treatment of macular edema associated with uveitis.

The initial NDA submitted by the duo was issued a complete response letter in Oct. 2019, and a resubmission of the application was done in early May. The FDA accepted the resubmitted application in early June and deemed it as a Class 2 resubmission.

Adcom Calendar

FDA's Antimicrobial Drugs Advisory Committee will discuss Takeda's NDA for maribavir oral tablets for the treatment of adults with post-transplant cytomegalovirus infection and/or disease, including infections resistant. The meeting is scheduled to be held Oct. 7, between 9 a.m. and 5 p.m.

The Oncologic Drugs Advisory Committee is scheduled to deliberate on Oncopeptides AB 

's NDA for Pepaxto (melphalan flufenamide) for injection, in combination with dexamethasone, for the treatment of adult patients with relapsed or refractory multiple myeloma who have received at least four prior lines of therapy and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one CD38-directed monoclonal antibody. The meeting will be held Oct. 28, between 10:30 a.m. and 3 pm.

Chinese drug in-licensor LianBio files for a $100 million IPO

 LianBio, which is developing in-licensed therapies for a variety of indications in China, filed on Friday with the SEC to raise up to $100 million in an initial public offering.


LianBio is focused on the in-licensing, development, and commercialization of therapeutics in Greater China, including Mainland China, Hong Kong, Taiwan, Macau, and other Asian markets. The company currently has nine programs across five therapeutic areas, including oncology, cardiovascular, and inflammatory diseases. LianBio has in-licensed programs from Bristol Myers Squibb, BridgeBio, and Pfizer, in which LianBio typically buys the rights to pursue the program within China, in exchange for royalties. 

The Princeton, NJ-based company was founded in 2019 and plans to list on the Nasdaq under the symbol LIAN. Goldman Sachs, Jefferies, and BofA Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

Solid tumor biotech Xilio Therapeutics files for a $100 million IPO

 Xilio Therapeutics, a Phase 1 biotech developing novel molecules to treat solid tumors, filed on Friday with the SEC to raise up to $100 million in an initial public offering.


Xilio has built its geographically precise solutions (GPS) platform to rapidly engineer novel molecules, including cytokines and other biologics, that are designed to optimize their therapeutic index by geographically localizing their activity inside tumors. Its most advanced candidates are XTX101, an anti-CTLA-4 mAb, and XTX202, an IL-2 therapy. The company recently initiated a Phase 1 trial of XTX101 in patients with solid tumors, and in September 2021, submitted an IND to evaluate XTX202 in patients with solid tumors.

The Waltham, MA-based company was founded in 2015 and plans to list on the Nasdaq under the symbol XLO. Xilio Therapeutics filed confidentially on May 24, 2021. Morgan Stanley, Cowen, and Guggenheim Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

Aesthetic medical device provider Candela Medical files for a $100 million IPO

 Candela Medical, which provides medical devices for aesthetic procedures, filed on Friday with the SEC to raise up to $100 million in an initial public offering.


Candela provides a broad range of medical devices for aesthetic applications including various lasers, including solid state, pulsed dye, non-ablative fractional, CO2, and picosecond, as well as intense pulsed light, radiofrequency, and microneedling devices. The company sells and markets its products directly in 18 countries, including the US, China, Japan, and Western Europe, as well as indirectly in 66 countries.

The Marlborough, MA-based company was founded in 2010 and booked $390 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol CDLA. Candela Medical filed confidentially on July 21, 2021. BofA Securities, Goldman Sachs, Barclays, Baird, Canaccord Genuity, and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.

SPAC LAVA Medtech Acquisition files for a $100 million IPO

 LAVA Medtech Acquisition, a blank check company targeting the medtech sector, filed on Friday with the SEC to raise up to $100 million in an initial public offering.


The Waltham, MA-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, LAVA Medtech Acquisition would command a market value of $125 million.

The company is led by CEO and Director Anthony Natale, a Managing Partner at Aperture Venture Partners, and Chairman Richard Emmitt, a Senior Partner of InnovaHealth Partners and a co-founder and General Partner of The Vertical Group. LAVA Medtech Acquisition plans to target innovative, development- or early commercial-stage companies focused on clinically-impactful and high growth opportunities within medical devices, diagnostics, and digital health (collectively, medtech).

LAVA Medtech Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol LVACU. The company filed confidentially on April 29, 2021. RBC Capital Markets is the sole bookrunner on the deal.

Healthcare-focused SPAC Verity Acquisition files for a $175 million IPO

 Verity Acquisition, a blank check company targeting healthcare, filed on Friday with the SEC to raise up to $175 million in an initial public offering.


The Hong Kong-based company plans to raise $175 million by offering 17.5 million units at $10 per unit. Each unit contains one share of common stock, one-half of a warrant, and one-tenth of a right to receive one share. At the proposed deal size, the company will command a market value of $226 million. 

Verity Acquisition is led by CEO and Chairman Bing Lin, Managing Director of Protocol Asset Management of Hong Kong, President and Director Man Chak Leung, General Manager of China Seven Star Holdings, and CFO Qi Zhao, Founding Partner and Managing Director of Singularity Financial. Verity Acquisition is targeting businesses in the US healthcare sector with market values between $400 million and $1 billion. 

The company was founded in 2019 and plans to list on the Nasdaq, but has not selected a ticker RC TICKER: VRTYU.RC. Verity Acquisition filed confidentially on July 30, 2021. Maxim Group LLC is the sole bookrunner on the deal.

5 FDA approval decisions to watch in Q4

 The Food and Drug Administration has already made several weighty regulatory decisions this year, but crucial drug reviews still lie ahead.

Top among them are decisions on whether to clear COVID-19 shots for children and boosters for others, each of which represent challenging and controversial calls for an agency that will soon lose two of its top vaccine reviewers. And Merck & Co. just gave the FDA another must-do item, as it's likely to soon file an application for what could be the first pill for COVID-19.

But the agency, as always, has much more on its plate. A new cell therapy for multiple myeloma, for instance, could be the latest treatment for a disease that's seen an array of drugs emerge over the past decade. The first medicine for dwarfism could be on its way, as well as a potentially valuable treatment option for a form of depression. Read on for details on each:

Pfizer and BioNTech's coronavirus vaccine for children

The spread of the infectious delta variant has added urgency to COVID-19 vaccination campaigns. But children under 12 years old still aren't eligible, making kids the country's most vulnerable group just as the new school year gets underway and the delta-driven wave peaks. That's been reflected by a steady rise in cases: Kids have accounted for at least 200,000 infections each of the past five weeks and more than a quarter of the nation's total the week of Sept. 23, according to the American Academy of Pediatrics.

That trajectory could begin to change if the FDA authorizes Pfizer and BioNTech's vaccine for school-age children between 5 and 11 years old. The companies submitted study results to U.S. regulators in September after their vaccine sparked a similar immune response in children to what was seen in 16- to 25-year-olds. They expect to file for emergency authorization within weeks.

A green light from the FDA could reportedly come in November, but the agency's decision won't be easy. Children are far less susceptible to severe COVID-19 than adults. And while Pfizer has said its shot was safe in clinical testing, the drugmaker hasn't yet detailed the prevalence of a rare type of heart inflammation seen in some vaccinated younger men — a key concern of the FDA and its advisory panel.

Johnson & Johnson's cilta cel for multiple myeloma

Earlier this year, Bristol Myers Squibb and partner Bluebird Bio's Abecma became the first cancer cell therapy cleared to treat multiple myeloma. But right on their heels are another duo, Johnson & Johnson and Legend Biotech, who could soon bring a similar, rival treatment, known as cilta cel, to market as well.

Like Abecma, cilta cel is part of an emerging class of treatments targeting the protein BCMA, which is overexpressed on cancerous cells. While both drugs have proven to be very potent at driving the blood cancer into remission for people who have progressed despite multiple treatments, J&J and Legend's treatment could have an edge.

In the study supporting Abecma's approval, for instance, 72% of patients responded to treatment and a third of them went into remission. Though it's difficult to compare drugs across trials, 98% of patients in J&J and Legend's key study responded, and 80% were in remission a year and a half after treatment.

The FDA is expected to make a decision by Nov. 29, which could kick off a commercial battle between the two groups. But more competition could follow, as Regeneron, AbbVie and several others, including J&J itself, have BCMA-targeting antibody drugs in advanced testing.

Moderna's and J&J's coronavirus vaccine boosters

Coronavirus booster shots are officially rolling out in the U.S., even though there remains much debate about who needs them and the impact they'll have.

But the FDA, so far, has only cleared third shots for a subset of people who have received Pfizer and BioNTech's coronavirus vaccine. That leaves the roughly 82 million Americans who've received one of the two other shorts authorized in the U.S., from Moderna and Johnson & Johnson, wondering if or when they'll be able to receive a boost as well.

The answers could come soon. The FDA is currently reviewing data in support of a third dose for Moderna vaccine recipients. That dose would be half the size of the one used in the two-shot regimen regulators have already cleared and, as Pfizer has argued, is meant to restore any protection that may have waned with time.

J&J, meanwhile, may not be far behind. The company recently revealed trial data showing an increase in protection for those who received a second shot eight weeks after their first. The pharma company has yet to submit an application for the additional dose, though it has shared the study details with the FDA.

Intra-Cellular's lumateperone for bipolar depression

About 3% of adolescents and 4.4% of adults in the U.S. will develop bipolar disorder in their lives, according to estimates from the National Institute of Mental Health.

The condition causes extreme changes in mood and energy levels, with patients alternatively experiencing episodes of euphoric highs and severe depression. Though medications are available, doctors and researchers agree there remains a significant need for additional drugs.

Intra-Cellular Therapies is looking to provide a new option with lumateperone, a drug the FDA cleared in 2019 to treat schizophrenia and is sold under the brand name Caplyta. In May, the company asked the FDA to approve lumateperone again, this time for depressive episodes associated with bipolar I or II disorder. A decision from the agency should come by Dec. 17.

Intra-Cellular has completed three late-stage clinical trials in bipolar disorder. Two of them succeeded, while the third failed because of a higher-than-expected placebo response, the company claimed.

The most recent of these trials to wrap up, called Study 402, evaluated lumateperone by itself and as an adjunctive therapy to the depression medications lithium and valproate. It found patients who were on a high dose of lumateperone scored about two and a half points better on a scale for measuring depression, compared to patients who just got placebo.

Jefferies analyst Andrew Tsai believes there is a 75% chance the FDA greenlights an expanded label, which would open the door to a much larger marketing opportunity. Tsai projects $1.5 billion to $2 billion in peak sales for Intra-Cellular's drug across schizophrenia and bipolar disorder.

BioMarin's vosoritide for achondroplasia

BioMarin Pharmaceutical sells six drugs for rare diseases. Its seventh, a rare feat of repeat success in biotech, is approved in Europe and could be cleared in the U.S. by late November, when the FDA is expected to reach a decision.

This seventh drug is a bit different than the six that came before it, all of which treat diseases caused by breakdowns in cellular metabolism. Vosoritide, as it's known scientifically, is for achondroplasia, the most common cause of dwarfism. It would be the first drug available for the condition in the states if approved, as it was in Europe when regulators cleared it there in August.

The FDA was set to decide on approval by August, too, but extended its review to go over two-year results that BioMarin submitted from a Phase 3 trial. Those results have shown that treatment with vosoritide led to greater gains in height than a placebo in year two, and position BioMarin well for a positive decision.

But the company has been surprised before, most notably with its Roctavian gene therapy for hemophilia that was unexpectedly rejected by the FDA in August 2020. The regulator is scheduled to issue its verdict by Nov. 20.

If approved, vosoritide would likely be costly. In France, where BioMarin set up an early access plan with regulators, the company is charging roughly $300,000 per patient per year.

https://www.biopharmadive.com/news/5-fda-approval-decisions-fourth-quarter-2021/607550/