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Friday, October 8, 2021

Vaccine biotech Vaxxinity files for a $100 million IPO

 Vaxxinity, a Phase 2 biotech developing vaccine therapies for chronic diseases using synthetic peptides, filed on Friday with the SEC to raise up to $100 million in an initial public offering.


Vaxxinity's vision is to disrupt the existing treatment paradigm for chronic diseases, and believes its synthetic peptide vaccine platform (Vaxxine Platform) has the potential to enable a new class of therapeutics. Its Vaxxine Platform is designed to harness the immune system to convert the body into its own "drug factory," stimulating the production of antibodies with a therapeutic or protective effect. Its current pipeline consists of five chronic disease candidates from early to late-stage development across multiple therapeutic areas including Alzheimer's Disease (AD), Parkinson's Disease, migraine, and hypercholesterolemia. Its most advanced candidate, UB-311, targets toxic forms of aggregated amyloid-b in the brain to fight AD. The company expects to initiate a Phase 2b early AD efficacy trial in 2022. Vaxxinity is also developing a candidate for COVID-19 prevention.

The Dallas, TX-based company was founded in 2014 and plans to list on the Nasdaq under the symbol VAXX. Vaxxinity filed confidentially on August 6, 2021. BofA Securities, Jefferies, and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.

CMS Upgrades Clover Health’s PPO Plan to 3.5 Stars

 Today, Clover Health (Nasdaq: CLOV) (“Clover”) announced that the Centers for Medicare and Medicaid Services (CMS) has upgraded Clover’s PPO plan to 3.5 stars on the Medicare Star Ratings for its Medicare Advantage (MA) plans for the 2020 measurement year. Currently, over 90% of Clover’s Medicare Advantage membership is served through its PPO plan.

“The improved star rating for our PPO plan demonstrates our ability to improve access to great, affordable care and meaningfully impact the lives of our members. We have high conviction that our open network approach is fundamental to promoting health equity, and we remain laser-focused on addressing our members’ needs,” said Andrew Toy, President of Clover.

Recently, Clover announced that CMS approved Clover’s 2022 expansion plans, which will nearly double the geographic footprint of Clover’s Medicare Advantage plans and make its PPO plan accessible to Medicare eligibles in 209 counties across nine states.

Clover believes that providing affordable plans with great benefits on an open network is essential to bringing high-quality care to those who have historically lacked access. Notably, approximately 50 percent of Clover’s Medicare Advantage members are people of color, compared to the industry average of 34 percent. Additionally, the National Committee for Quality Assurance (NCQA), which is conducting a study on behalf of CMS’s Office of Minority Health on strategies to drive the equitable delivery of care, has informed Clover that Clover has been identified as a plan with strong performance on a prototype of the Medicare Advantage Health Equity Summary Score (HESS). Clover is proud of this achievement because of its commitment to ensuring high-quality care for those most in need.

According to a recent study from JAMA, Medicare Advantage plans with a higher percentage of Black and Hispanic members consistently receive lower star ratings, demonstrating how the current formula for star ratings does not address headwinds for plans serving more diverse populations. Clover believes potential future changes to address this critical systemic issue, such as including a measure of health equity in the calculation of star ratings, could be a significant tailwind to the company while creating a more fair and equitable healthcare system.

https://finance.yahoo.com/news/cms-upgrades-clover-health-ppo-153500116.html

Intravenous injection of COVID-19 mRNA vaccine can induce acute myopericarditis in mouse model

 Can Li 1Yanxia Chen 1Yan Zhao 1David Christopher Lung 2Zhanhong Ye 1Wenchen Song 1Fei-Fei Liu 1Jian-Piao Cai 1Wan-Man Wong 1Cyril Chik-Yan Yip 1Jasper Fuk-Woo Chan 1 3 4Kelvin Kai-Wang To 1 3Siddharth Sridhar 1 3Ivan Fan-Ngai Hung 3 5Hin Chu 1Kin-Hang Kok 1Dong-Yan Jin 6Anna Jinxia Zhang 1Kwok-Yung Yuen 1 3 4

DOI: 10.1093/cid/ciab707

  • PDF: https://www.ncbi.nlm.nih.gov/pmc/articles/pmid/34406358/

Abstract

Background: Post-vaccination myopericarditis is reported after immunization with COVID-19 mRNA-vaccines. The effect of accidental intravenous injection of this vaccine on the heart is unknown.

Methods: We compared the clinical manifestations, histopathological changes, tissue mRNA expression and serum levels of cytokine/chemokine in Balb/c mice at different time points after intravenous(IV) or intramuscular(IM) vaccine injection with normal saline(NS) control.

Results: Though significant weight loss and higher serum cytokine/chemokine levels were found in IM group at 1 to 2 days post-injection(dpi), only IV group developed histopathological changes of myopericarditis as evidenced by cardiomyocyte degeneration, apoptosis and necrosis with adjacent inflammatory cell infiltration and calcific deposits on visceral pericardium, while evidence of coronary artery or other cardiac pathologies was absent. SARS-CoV-2 spike antigen expression by immunostaining was occasionally found in infiltrating immune cells of the heart or injection site, in cardiomyocytes and intracardiac vascular endothelial cells, but not skeletal myocytes. The histological changes of myopericarditis after the first IV-priming dose persisted for 2 weeks and were markedly aggravated by a second IM- or IV-booster dose. Cardiac tissue mRNA expression of IL-1β, IFN-β, IL-6 and TNF-α increased significantly from 1dpi to 2dpi in IV but not IM group, compatible with presence of myopericarditis in IV group. Ballooning degeneration of hepatocytes was consistently found in IV group. All other organs appeared normal.

Conclusions: This study provided in-vivo evidence that inadvertent intravenous injection of COVID-19 mRNA-vaccines may induce myopericarditis. Brief withdrawal of syringe plunger to exclude blood aspiration may be one possible way to reduce such risk.

https://pubmed.ncbi.nlm.nih.gov/34406358/

US on cusp of COVID-19 vaccine authorization for young children

 Anticipation is building that younger children will soon be able to get vaccinated against COVID-19, a major milestone on the path out of the pandemic. 

Barring any significant delays, the U.S. is on the cusp of having at least one COVID-19 vaccine available to children under the age of 12, a major public health victory that could also help the Biden administration politically. 

Pfizer and its German partner BioNTech on Thursday submitted a request for emergency authorization to use their coronavirus vaccine in children ages 5 to 11, and a Food and Drug Administration (FDA) advisory panel will meet Oct. 26 to vote on granting the authorization. 

A Centers for Disease Control and Prevention (CDC) advisory panel meeting will occur soon after, and official clearance could come as early as that same day.

The authorization would bring major relief to parents of school-aged children, many of whom have been anxiously awaiting the day they could protect their kids. 

“With new cases in children in the U.S. continuing to be at a high level, this submission is an important step in our ongoing effort against COVID-19,” Pfizer said in a tweet announcing the submission.

No vaccine is currently available for children under 12, and the FDA has been under pressure to move quickly on the issue. The agency previously said it would review an application "likely in a matter of weeks rather than months.”

The FDA has already cleared the companies’ vaccine for individuals ages 12 and up, including full approval for those ages 16 and older.

"We know from our vast experience with other pediatric vaccines that children are not small adults, and we will conduct a comprehensive evaluation of clinical trial data submitted in support of the safety and effectiveness of the vaccine used in a younger pediatric population, which may need a different dosage or formulation from that used in an older pediatric population or adults,” acting FDA Commissioner Janet Woodcock said when the advisory committee meeting was scheduled.

White House COVID-19 response coordinator Jeff Zients said on CNN Thursday the Biden administration is working with states to make it easy for parents to vaccinate their children by setting up convenient times and places to administer the shots, including pediatricians’ offices.

Zients also said the U.S. has enough supply to quickly distribute the vaccines as soon as the public health agencies give the green light.

COVID-19 infections in children have been rising due to the highly contagious delta variant, and spread has been noticeable in schools across the country, especially in areas of the country with low vaccination rates.  

There were almost 175,000 cases among children in the week ending Sept. 30, according to the American Academy of Pediatrics (AAP). 

Children currently make up about 27 percent of all U.S. coronavirus cases and an increasing percentage of hospitalizations, according to AAP. The more people who are vaccinated in a community, the harder it is for the coronavirus to spread to children.

Experts agree that vaccinating children as soon as possible is key to moving past the current pandemic and getting society back to a semblance of normalcy.

John Grabenstein, a vaccine scientist and consultant who was a former executive at Merck, said the benefits are clear, but don't expect to reach a "magic number" for herd immunity.

"Personal protection is the most important thing, and every individual who [gets vaccinated] reduces the chance of transmission. It's not like herd immunity is a magic number and then, everything stops," he said.

While authorization is anticipated, regulators are likely to closely examine the potential for serious side effects like myocarditis, or heart inflammation. So far, there are no obvious safety concerns for kids getting shots.

Cases of myocarditis are rare, and usually mild, but new studies have noticed a profound difference in the rates among young males and females. 

The condition seems much more prevalent among young men and teenage boys between the ages of 16 and 19, and it occurs more frequently after the second dose of an mRNA vaccine than the first.

Grabenstein said the available clinical data on children is likely too small to be able to tell the impact of such rare side effects. He said the risks of side effects are balanced with the risk of infection.

"The adverse event rate needs to be compared to the myocarditis that happens after infection, which seems to be worse, both in frequency and its severity," Grabenstein said.

https://thehill.com/policy/healthcare/575854-us-on-the-cusp-of-covid-19-vaccine-authorization-for-young-children

CDC sets panel meetings for J&J, Moderna boosters, child vaccines

 A Centers for Disease Control and Prevention (CDC) advisory panel will meet Oct. 20 and 21 to discuss COVID-19 vaccine boosters for the Moderna and Johnson & Johnson vaccines, respectively.

The meeting announcements suggest the CDC anticipates the Food and Drug Administration (FDA) will have authorized the booster shots by that point, following separate FDA advisory panel meetings next Thursday and Friday.

The panel will also discuss the available data on using a booster of a different vaccine than the one used for a person's primary series. 

Both the Johnson & Johnson and Moderna vaccines are authorized for emergency use to prevent COVID-19 in individuals 18 years of age and older. People with severely compromised immune systems are also eligible for boosters, but the shots have not yet been cleared for the general population.

Additionally, the CDC panel will meet Nov. 2 and 3 to discuss pediatric COVID-19 vaccination for children ages 5 to 11.

FDA's panel is meeting Oct. 26 to vote on authorization for Pfizer's vaccine, and it is anticipated that the FDA will grant authorization shortly afterwards.

Once CDC accepts the panel's recommendation, the long-awaited pediatric vaccines could start being administered within days.

The government has purchased enough doses to give two shots to all 28 million eligible children, though the administration has not publicly shared how doses will be allocated across states.

The administration is working with states to make it easy for parents to vaccinate their children by setting up convenient times and places to administer the shots, including pediatricians’ offices.

https://thehill.com/policy/healthcare/576004-cdc-panel-sets-panel-meetings-for-jj-moderna-boosters-child-vaccines

Genentech’s Anti-Amyloid Beta Antibody Granted FDA Breakthrough Tag in Alzheimer’s

 Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), today announced that gantenerumab, an anti-amyloid beta antibody developed for subcutaneous administration, has been granted Breakthrough Therapy Designation by the U.S. Food and Drug Administration (FDA) for the treatment of people living with Alzheimer’s disease (AD). This designation is based on data showing that gantenerumab significantly reduced brain amyloid plaque, a pathological hallmark of AD, in the ongoing SCarlet RoAD and Marguerite RoAD open-label extension trials, as well as other studies. Learnings from these studies have been incorporated into the optimized design of two ongoing parallel, global, placebo-controlled and randomized Phase III trials, GRADUATE 1 and 2. The pivotal trials are evaluating gantenerumab in more than 2,000 participants for more than two years and are expected to be completed in the second half of 2022.

“For more than a decade, we’ve been committed to advancing the science of Alzheimer’s as well as our investigational medicine gantenerumab, and we look forward to delivering a comprehensive and robust data set that furthers our collective understanding of this devastating disease,” said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. “This Breakthrough Therapy Designation reinforces our confidence in gantenerumab, which would be the first subcutaneous medicine for the treatment of Alzheimer’s disease with the potential for at-home administration.”

https://pipelinereview.com/index.php/2021100879352/Antibodies/Genentechs-Anti-Amyloid-Beta-Antibody-Gantenerumab-Granted-FDA-Breakthrough-Therapy-Designation-in-Alzheimers-Disease.html

Allogene raises the spectre of a Car-T nightmare

 Clinical holds have recently shaken the gene therapy field, and now it’s Car-T’s turn. Allogene’s revelation that chromosomal abnormalities were detected in the allogeneic Car-T cells infused into a lymphoma patient raises the possibility that gene editing in manufacturing the cells could disrupt their genome and make them capable of causing serious damage.

This, it has to be stressed, is an extremely bearish view, and more work is needed to determine what happened. But the risk to Allogene – off 40% this morning – and other allogeneic players is real. With Allogene’s entire clinical pipeline on hold Vantage Analysis considers 10 key questions that must now be answered.

1. What exactly happened?

A lymphoma patient in the Alpha-2 trial of the CD19-directed allogeneic Car-T project ALLO-501A was found to have ALLO-501A cells containing a “chromosomal abnormality ... of unclear clinical significance”. As a result the FDA has put on hold clinical trials of all Allogene projects.

ALLO-501A, like all of Allogene’s allogeneic Car-T therapies, is based on T cells derived from healthy donors. These cells are then transduced with a lentiviral transgene coding for the Car, electroporated with Talen nucleases to knock out endogenous T-cell receptors, expanded and stored, before infusion into a patient.

2. When did the chromosomal changes occur?

If it was the gene editing that caused the problem the abnormality might have been detected just after manufacturing, but Allogene says all lots passed release tests, and showed no abnormalities. More precise testing, including periodic draws done during the patient’s treatment, should elucidate the timeframe further.

3. Why was the issue not detected after manufacturing?

Every quality control assay has its sensitivity limits, and if the abnormality was present in just a handful of cells – or even just a single cell – it could conceivably have evaded detection. The prospect of an abnormal cell undergoing clonal expansion is, however, bad.

4. Could it have occurred after cell infusion?

Allogene says rapid T-cell expansion, which typically happens when antigen targets are encountered, can cause changes in those cells, including genetic mutations, deletions or inversions. This scenario would absolve gene editing of blame, and Allogene bulls will cling to this hope.

5. How close is the abormality to where Allogene’s Talens cut?

This is perhaps the $64,000 Question. Among the most damningly suggestive of Allogene’s revelations was that the abnormality occurred on chromosome 14.

Chromosome 14 happens to contain the Trac locus, which is what Allogene’s Talen nucleases knock out to prevent expression of endogenous T-cell receptors. The bears will argue that this suggests that Talen gene editing brought about the chromosomal change.

However, Allogene says it does not have enough information on where precisely on chromosome 14 the changes occurred. As the human genome has 23 chromosomes the chances of the abnormality happening on chromosome 14 are one in 23.

A separate point is that ALLO-501A undergoes two rounds of gene editing – to knock out T-cell receptor as well as CD52 expression. Other gene editing methods have suggested that multiple edits increase the chances of chromosomal translocation.

6. So can we rule out lentiviral integration problems?

It is still possible that the chromosomal disruption is a result of lentivirus integration, but this needs to be investigated further. Insertional mutagenesis was a major talking point at Kymriah’s 2017 US adcom, but was ultimately dismissed.

However, it remains a theoretical concern. Should Allogene show a risk the effect could be felt beyond allogeneic Car-T players, in the autologous lentiviral space.

7. Why were not all the ALLO-501A cells affected?

Allogene revealed that only a “fraction” of the ALLO-501A cells in the patient were affected by the abnormality, and has yet to investigate the kinetics of the clone in question. On the positive side the deleterious clone had not become dominant in this patient, though such a scenario cannot be ruled out in future.

8. Could this problem actually be quite common?

The abnormality might not have been picked up at all had the patient not undergone bone marrow biopsy to investigate progressive pancytopenia. Allogene says it has treated over 100 patients with its allogeneic Car-T therapies without seeing something similar, but bone marrow biopsy is not done as standard.

9. Are there confounding factors?

The patient had transformed follicular lymphoma and c-Myc rearrangement, had got chemo/radiotherapy and steroids, and was to have received autologous Car-T therapy but their cells failed to expand adequately. In addition they underwent allogeneic stem cell transplant after reporting a partial response to ALLO-501A.

Some of these might have contributed, and whether the influence of each can be ruled out definitively remains a big problem.

10. If this is an editing problem, is it Talen-specific?

At present the big market casualties are Allogene, its licensor and Talen nuclease specialist Cellectis (off 17%) and its future electroporation partner Maxcyte (-11%).

Though publications have cited chromosomal deletions, translocations and inversions with certain other gene editing methods, the Crispr-focused allogeneic Car-T players Poseida and Crispr Therapeutics, the Arcus nuclease specialist Precision Biosciences and the zinc-finger editing company Sangamo are this morning trading flat. But Allogene’s problem could signal a broad issue with all gene editing, and not just with Talens.

It is true that Car-T has weathered toxicity problems, notably with cytokine storm and cerebral oedema, and Allogene’s current management is notable for having steered Kite Pharma through such a storm. For now, however, all Allogene clinical work is suspended, and the latest problem has the potential to be orders of magnitude more serious.

On hold: Allogene's clinical pipeline
TrialProjectIndication
AlphaALLO-501 (anti-CD19 with Rituxan switch)R/r non-Hodgkin lymphoma
Alpha-2ALLO-501A (anti-CD19 without Rituxan switch)R/r non-Hodgkin lymphoma
UniversalALLO-715 (anti-BCMA)R/r multiple myeloma
TraverseALLO-316 (anti-CD70)Renal cell carcinoma
IgniteALLO-605 (anti-BCMA with chimaeric cytokine receptor)R/r multiple myeloma
Source: company website & clinicaltrials.gov.

https://www.evaluate.com/vantage/articles/news/trial-results/allogene-raises-spectre-car-t-nightmare