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Wednesday, February 16, 2022

Corcept Therapeutics Q4 Earnings

 Corcept Therapeutics beat estimated earnings by 66.67%, reporting an EPS of $0.35 versus an estimate of $0.21.

Revenue was up $13.09 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 10.14% increase in the share price the next day.

Here's a look at Corcept Therapeutics's past performance:

 

QuarterQ3 2021Q2 2021Q1 2021Q4 2020
EPS Estimate0.20.160.210.19
EPS Actual0.30.300.200.27
Revenue Estimate97.19M86.84M91.81M87.77M
Revenue Actual96.13M91.59M79.44M85.73M

https://www.benzinga.com/news/earnings/22/02/25650205/recap-corcept-therapeutics-q4-earnings

NRx Aims to Bring Zyesami to Market Based on Real-World Data in Treating Seriously Ill COVID-19 Patients

 COVID-19 infection rates are declining following the latest surge driven by the Omicron variant. Despite the falling infections, the virus is expected to remain an endemic concern and can still pose a serious threat, particularly to those who are not vaccinated.

For Jonathan Javitt, Chief Executive Officer of NRx Pharmaceuticals, the company’s experimental COVID-19 treatment aviptadil, which will be known by the trade named Zyesami, can play a key role in saving the lives of those patients who are seriously ill and have failed to respond to Gilead Sciences’ antiviral drug, Remdesivir.

“We’ve had enough experience with the drug to know that it has the potential to save lives in a very dramatic way,” Javitt said.

In a conversation with BioBuzz, Javitt explained that the story of Zyesami can best be seen in the Real World data that has come from severely ill patients who have been allowed to be treated with the medication under the federal Right to Try laws.

It all started with one phone call and one patient, he said.

Javitt, who is also an adjunct professor at Johns Hopkins and a former health care and biodefense advisor to the White House, said he received a call from a member of Congress seeking any help for a constituent who was critically ill with COVID-19. The patient had been in the intensive care unit and on a mechanical ventilator for more than two weeks. The hospital had already conducted an end-of-life conference with the patient’s spouse. The congressman asked for use of Zyesami under Right to Try. After working with the hospital, Javitt said the medication was administered to the patient whose oxygen levels were “as low as they could be.”

One day after the patient was treated, Javitt said her blood oxygen level had improved by 30%. A week after treatment with Zyesami, she was down to minimum oxygen requirements and is now in rehabilitation and expected to go home, he said.

That’s not the only positive result In Texas, 17 of 19 COVID-19 patients treated with the medication under the Right to Try program have recovered and have since returned to their families.

“There’s no question that the drug is associated with improved survival,” Javitt said.

Zyesami is a long-term stable form of vasoactive intestinal peptide. It is currently in a Phase 3 study funded by the National Institutes of Health. In clinical studies, NRx’s Zyesami was shown to be associated with a two-fold increased odds of survival at 60 days, according to company data. However, some data is showing even higher survival rates. In January, the company submitted data to the U.S. Food and Drug Administration showing patients who failed to recover on Remdesivir and were later treated with Zyesami had a three-fold increased chance of recovery from the ICU and a four-fold increase of survival after 60 days.

Javitt explained that unlike other drugs aimed at the virus, which include monoclonal antibodies and antiviral treatments like Remdesivir or Pfizer’s Paxlovid, Zyesami is not intended to combat COVID-19 itself. Rather, it targets the injury to the lungs caused by acute respiratory distress syndrome, which is associated with COVID-19.

“Our drug doesn’t care if you have respiratory failure from any particular variant. The drug treats the injury and is less focused on whichever variant caused the injury,” Javitt said. However, he noted that “the fact we can get people out of the ICU and home to their loved ones doesn’t mean their lungs aren’t damaged.” Those patients could still have some long-term issues associated with the infection.

“The COVID pandemic made this possible to bring this drug to the clinic. We believe it’s the first drug that heals the lining of the lung,” he said.

As Pennsylvania-based NRx continues to move Zyesami forward in the clinic, the company is embroiled in a lawsuit against its former developmental partner Relief Therapeutics, which is based in Switzerland. Javitt referred to the lawsuit as a contract dispute. He said the dispute is over funding that NRx believes Relief owes to cover the costs of the drug’s development.

“The dispute with Relief has nothing to do with the benefits of the drug,” Javitt said.

The Real World Evidence the company has collected through Right to Try could be used as potential data to support Emergency Use Authorization of Zyesami, Javitt said. He noted that the language that was used to give the FDA the authority to use EUA for experimental drugs gives weight to such evidence beyond controlled clinical trials. Javitt pointed to the use of convalescent plasma and hydroxychloroquine as treatments that had been authorized due to Real World Evidence, only to have that authorization withdrawn once more clinical data was available.

“EUA isn’t like a New Drug Approval. It’s not expected to be 100% in the middle of a catastrophe like COVID-19. You’ll never have all the data you want, but you have to protect the population,” Javitt said. 

https://biobuzz.io/nrx-aims-to-bring-zyesami-to-market-based-on-real-world-data-in-treating-seriously-ill-covid-19-patients/

Casio scores first FDA clearance in decades for dermatology camera system

 More than half a century into its life span as a prolific producer of wristwatches, digital musical instruments, calculators and more, Casio has ventured back into the world of medical devices.

The Japanese electronics giant recently received the FDA’s signoff for a scope and camera system designed to help dermatologists capture high-quality photos of patients’ skin for closer observation. With the agency’s clearance, Casio said it will begin rolling out the system on its U.S. e-commerce site by next month.

The latest foray into medtech comes more than 30 years after Casio’s last FDA clearance. Back in 1991, the regulator OK’d its BP-100 watch, which was designed to collect blood pressure readings. Though it has since been discontinued and was among the first consumer devices to integrate blood pressure measurements—decades ahead of the current flood of smartwatches—a recent analysis found that the BP-100’s novel technology offered a surprisingly “great chance of accuracy.”

Casio’s new DZ-D100 Dermocamera and DZ-S50 Dermoscope are marketed toward healthcare providers rather than consumers.

Casio camera
Casio's DZ-D100 Dermocamera (Casio)

The camera, which was first launched in Japan in 2019, can collect ordinary photos and, with the lens directly touching the skin, extremely close-up shots using the same lens. It’s designed to be much more lightweight and easier to manage than other heavy, bulky dermatological cameras that often require multiple lenses or devices.

The Dermocamera also simultaneously takes polarized, non-polarized and UV photos, allowing physicians to study an affected area’s color and structure, record its position on the surface of the skin and outline its exact margins, respectively—and all from the same angle.

The scope, meanwhile, was introduced in Japan in early 2020. Its wide lens offers a 40.5-millimeter view, helping dermatologists capture images of larger areas of skin than can be photographed with the Dermocamera. It can take either polarized or non-polarized images and can be upgraded with an additional magnetic lens to increase its magnification.

All of the images taken with Casio’s devices can then be examined more closely using the company’s D’z Image Viewer software. The photos transfer via Wi-Fi to the image management program, where they’re automatically sorted into predetermined folders and displayed with scale information and a measurement function.

The D’z Image system was developed in 2015 with an aim of helping dermatologists brush up on their skills in examining and analyzing images of skin lesions.

Amid the launch of the dermatological devices and accompanying software, Casio is already planning its next move in medtech, with a continued focus in dermatology. Up next in its medical device pipeline is a software system that will use artificial intelligence to help identify signs of skin cancer in uploaded images.

https://www.fiercebiotech.com/medtech/electronics-giant-casio-scores-first-fda-clearance-decades-dermatology-camera-system