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Monday, January 10, 2022

Merck: 1st Positive Study for KEYTRUDA in Adjuvant Stage IB-IIIA NSCLC

 Merck (NYSE: MRK), known as MSD outside the United States and Canada, the European Organisation for Research and Treatment of Cancer (EORTC) and the European Thoracic Oncology Platform (ETOP) today announced that the Phase 3 KEYNOTE-091 trial, also known as EORTC-1416-LCG/ETOP-8-15 – PEARLS, investigating KEYTRUDA, Merck’s anti-PD-1 therapy, met one of its dual primary endpoints of disease-free survival (DFS) for the adjuvant treatment of patients with stage IB-IIIA non-small cell lung cancer (NSCLC) following surgical resection regardless of PD-L1 expression. Based on an interim analysis review conducted by an independent Data Monitoring Committee, adjuvant treatment with KEYTRUDA resulted in a statistically significant and clinically meaningful improvement in DFS compared with placebo in the all-comer population of patients with stage IB-IIIA NSCLC.

At the interim analysis, there was also an improvement in DFS for patients whose tumors express PD-L1 (tumor proportion score [TPS] ≥50%) treated with KEYTRUDA compared to placebo; however, this dual primary endpoint did not meet statistical significance per the pre-specified statistical plan. The trial will continue to analyze DFS in patients whose tumors express high levels of PD-L1 (TPS ≥50%) and evaluate overall survival (OS), a key secondary endpoint.

The safety profile of KEYTRUDA in this study was consistent with that observed in previously reported studies. Results will be presented at an upcoming medical meeting and will be submitted to regulatory authorities.

https://finance.yahoo.com/news/merck-keytruda-pembrolizumab-showed-statistically-114500130.html

Castle Biosciences to Meet or Beat 2021 Revenue Guidance

 2021 Estimated revenue is expected to meet or exceed top end of guided range of $89-93 million

Delivered 28,118 gene expression profile test reports in 2021, an increase of 55% compared to 2020

Year-end 2021 cash and cash equivalents expected to be approximately $330 million

https://finance.yahoo.com/news/castle-biosciences-announces-preliminary-fourth-120000875.html

Bayer taps CRISPR science from Doudna's lab in $1B biobucks Mammoth gene therapy deal

 Bayer has made its cell and gene therapy ambition known through two buyouts that fed a new division dedicated to the cutting-edge technologies. Now, the German conglomerate is adding more building blocks to the strategy with a gene editing deal potentially worth over $1 billion.

Bayer teamed up with Mammoth Biosciences to work on genome editing therapies. For $40 million upfront, Bayer gains access to Mammoth’s CRISPR toolbox, which grew out of the lab of CRISPR pioneer Jennifer Doudna, Ph.D. More than $1 billion in option exercise fees and potential milestones are up for grabs, and Bayer will fund research and pay royalties tied to sales.

For Bayer, the partnership beefs up the firm’s cell and gene therapy projects after its recent acquisitions of BlueRock Therapeutics and Asklepios BioPharmaceutical. As for Mammoth, the deal marks the California biotech’s first Big Pharma tie-up since its foundation in 2017.

The strategic collaboration involves five preselected indications with an initial focus on liver diseases. The companies aren’t disclosing the specific indications, but they are all monogenic diseases, Peter Nell, Mammoth’s chief business officer and head of therapeutic strategy, told Fierce Biotech in an interview.

Some of them are rare diseases, and some are more prevalent disorders, but “it’s not like common diseases,” Nell said. Based on that description, nonalcoholic steatohepatitis, or NASH, is probably out of the picture.

Mammoth is focused on novel CRISPR systems that have different Cas proteins as genetic scissors, including Cas14 and CasΦ systems. The goal is to design smaller and more precise gene editing tools to have better editing efficiency and safety compared with the first-generation Cas9 system, Lucas Harrington, Ph.D., Mammoth’s co-founder and chief scientific officer, said during the interview.

“There’s very clear advantages to having more compact cargo in terms of the quality and … stability,” Harrington said. “By looking at the cargo we’re actually able to solve the delivery problem” of CRISPR, which has proven challenging. Plus, a small size could also allow for the potential addition of other elements to the CRISPR treatment, he added.

Besides the Cas protein engineering, Mammoth’s CRISPR family can latch on to different target areas in the genome, Harrington added. This is thanks to the system’s recognition of a protospacer adjacent motif, a short DNA sequence flanking the target that restricts where the CRISPR-Cas can make the cut.

Mammoth’s CRISPR expertise means it can choose the best system for Bayer’s projects, Nell said. The small biotech will be responsible for coming up with the best design for gene editing therapies during the research phase.

“Mammoth’s novel technology has the potential to enable genome editing that might not be possible with other Cas nucleases,” Stefan Oelrich, Bayer’s pharmaceuticals chief, said in a statement. “Their technology enhances gene editing to a next level, their novel very compact CRISPR-Cas system allows expanded targeting, a high fidelity and flexible delivery.”

Before the Bayer deal, Mammoth had signed a similar pact—its first—with Vertex in October focused on in vivo gene editing therapies for two unidentified genetic diseases. The biotech also has a diagnostic arm that’s working on COVID-19 tests.

Bayer, for its part, made a big bet on gene therapy in 2020 with the AskBio acquisition potentially worth $4 billion. From the adeno-associated-virus-based gene therapy specialist, Bayer gained three clinical-stage assets targeting Pompe disease, congestive heart failure and Parkinson’s disease.

The company’s lead gene therapy program, BAY 2599023, a factor VIII gene therapy designed for hemophilia A and developed in partnership with Ultragenyx, is in phase 1/2 test.

https://www.fiercebiotech.com/biotech/bayer-gene-therapy-ambition-mammoth-crispr-deal-gene-editing-science-jennifer-doudna-lab

Sunday, January 9, 2022

Idorsia's insomnia drug gets U.S. FDA approval

 Swiss drugmaker Idorsia said on Monday it has received the U.S. Food and Drug Administration's approval for its treatment for insomnia in adult patients.

https://www.marketscreener.com/quote/stock/IDORSIA-LTD-35837944/news/Idorsia-s-insomnia-drug-gets-U-S-FDA-approval-37503413/

EC OKs Amgen LUMYKRAS in NON-SMALL CELL LUNG CANCER

 First Targeted Therapy for Patients With the KRAS G12C Mutation Approved in the European Union

Approval Based on Pivotal CodeBreaK 100 Data Demonstrating Durable Responses and a Favorable Benefit-Risk Profile With LUMYKRAS

LUMYKRAS Now Approved in 35 Countries Around the World Through Most Advanced KRAS G12C Clinical Development Program

https://finance.yahoo.com/news/european-commission-approves-lumykras-sotorasib-050000155.html

Biohaven to Collaborate with KU Leuven on Treatment of Pain

 

Biohaven acquires exclusive global rights to develop and commercialize first-in-class transient receptor potential melastatin-3 (TRPM3) channel antagonists

The lead candidate, BHV-2100, is planned to enter clinical development in the first half of 2023 for the treatment of neuropathic pain

https://finance.yahoo.com/news/biohaven-enters-exclusive-license-research-050100767.html

China’s health stocks got off to worst start in six years

 China’s healthcare stocks were hit again last week with the worst start since 2016. Sales resumed amid concerns over Beijing’s plans to reduce health care costs and stricter drug development rules.

The CSI 300 Health Care Index plummeted 5.5% in the first week of trading. This is more than double the broader benchmarks on the mainland, driven by the names of biotechnology and medicines. Losses were the largest ever decline, led by Asymchem Laboratories Co. Ltd., which fell 19% last week.

A year-long radical regulatory crackdown on private companies, from tech giants to real estate developers, has also hit healthcare companies. They are working on unexpected changes in R & D policies and lowering profits from drug price cuts. The sector is currently trading at 33 times the 12-month futures price-earnings ratio, from nearly 55 times last February.

The decline is also tracking the Healthcare Index, which fell 4.7% last week as rising bond yields weighed on demand from companies that were not yet profitable.

“Beijing’s policy uncertainty remains an overhang in this sector,” said Mia He, an analyst at Bloomberg Intelligence. New regulatory measures, including oncology drug development guidance, have put some pressure on biotechnology and pharmaceutical companies to provide contract services since late 2021.

These draft guidelines, released last year, have plagued investors as they could delay drug approval and raise the bar for innovative medicines.

The sector was also in a difficult situation of intensifying US-China relations last month. Stocks put in tanks because investors speculate that they may be added to the list of sanctioned companies in the United States have not fully recovered, even if they are not finally on the list.

Investors should expect ongoing short-term volatility from potential key policies in the first quarter that shape clinical trial practices. Citigroup Inc (NYSE :). Analysts, including John Yong, wrote in a January 5th note. However, the drug’s name could be “bottomed out,” and they said it could recover its reputation against the backdrop of new product launches, clinical developments, mergers and acquisitions.

A rare and illustrious point is the traditional herbal medicine sector, led by Beijing Tong Ren Tang, after the medicines of these companies were included in the national medical insurance. This reflects the industry’s source of pride in countries that count Xi among their supporters.

However, the lack of new products could slow growth in the future, so it remains questionable whether the rally can be maintained, Citigroup said.

https://londonnewstime.com/chinas-health-stocks-got-off-to-a-bad-start-in-six-years-as-bloomberg-deepened-the-dire-situation/641545/