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Monday, June 6, 2022

Yumanity: Agreements for Two Strategic Transactions

 Yumanity Therapeutics, Inc. to sell its clinical-stage product candidate YTX-7739 as well as its unpartnered discovery-stage neuroscience product candidates and targets to Janssen Pharmaceutica NV in a $26 million cash transaction

Kineta, Inc., a private immuno-oncology company, to merge with Yumanity in an all-stock transaction that will advance Kineta’s potential best-in-class VISTA blocking immunotherapy

The combined company expects to close a PIPE financing in connection with the proposed merger

Yumanity and Kineta to host webcast today at 8:30 a.m. EDT

Yumanity and Kineta will host a webcast today, June 06, 2022, at 8:30 a.m. EDT to discuss the proposed merger with Kineta. The conference call may be accessed at https://www.yumanity.com/investor-relations/events-presentations/.

https://finance.yahoo.com/news/yumanity-therapeutics-announces-definitive-agreements-103000748.html

Amarin Announces Comprehensive Cost Reduction Plan

 Company Expects to Achieve Approximately $100 Million in Cost Savings Over the Next 12 Months* While Continuing to Invest in European Launches and Global Expansion --

-- Reduces U.S. Commercial Organization by Ninety Percent of Pre-Pandemic / Pre-Generic Competition Levels --

-- Creates Core Focused U.S. Commercial Team to Support Branded VASCEPA Revenues --

-- Actions Optimize Operations While Maintaining Positive U.S. Contribution Margin to Support Company’s Next Steps --


https://www.globenewswire.com/news-release/2022/06/06/2456752/18362/en/Amarin-Announces-Comprehensive-Cost-Reduction-Plan-to-Address-Market-Dynamics-in-U-S-Business.html

Arcutis: Positive Topline Results in Pivotal Phase 3 Trial

 

  • Study met its primary endpoint with 80.1% of individuals treated with roflumilast foam achieving Investigator Global Assessment (IGA) Success compared to 59.2% of patients treated with vehicle (P<0.0001)
  • More than 50% of patients treated with roflumilast foam achieved an IGA score of clear at week eight
  • Roflumilast foam was well-tolerated with a favorable safety and tolerability profile
  • Data further support the potential of roflumilast foam as a best-in-class, once-daily, non-steroidal topical treatment for seborrheic dermatitis
  • New drug application (NDA) submission anticipated in 1H of 2023
  • Company to host a conference call today at 8:30 a.m. EDT
Management will host a conference call today at 8:30 a.m. EDT to discuss these results. To access the call, please dial (833) 614-1393 (domestic) or (914) 987-7114 (international) and provide the conference ID# 7384524. A live webcast of the call will also be available on the “ Events ” section of the Company's Investor website. An archived replay of the webcast will be available on the Arcutis website following the call.

Sunday, June 5, 2022

Some blood pressure medicine may decrease the aneurysm rupture risk

 A multi-center study of more than 3,000 people with high blood pressure and brain aneurysms found that the use of RAAS inhibitors, a class of blood pressure lowering medications, reduced the risk of an aneurysm rupture by 18%, according to new research published today in Hypertension, a peer-reviewed journal of the American Heart Association.

An aneurysm is a bulging or weakening in the wall of an artery. When this happens in an artery in the brain, it is called an intracranial aneurysm. If an intracranial aneurysm ruptures, it spills blood around the brain and cuts off oxygen to an affected area, which can cause a hemorrhagic stroke, coma and death. These strokes account for 3-5% of all strokes, but a larger proportion of morbidity and mortality than other types of strokes. Each year, approximately 30,000 adults in the United States have intracranial aneurysms that rupture, according to the National Institute of Neurological Disorders and Stroke. Additionally, stroke is a leading cause of disability in the United States.

The body's renin-angiotensin-aldosterone system (RAAS) includes hormones that affect blood pressure regulation, and dysregulation of the RAAS can lead to the development of high blood pressure. Two components of RAAS have been shown to be involved in the development of intracranial aneurysms, and previous research has found that dysregulation of RAAS may also contribute to aneurysm rupture. RAAS inhibitors, medications that block the effects of the RAAS, are often used to treat high blood pressure.

"Approximately half of patients with intracranial aneurysms have high blood pressure, which can cause vascular inflammation and increase the risk of aneurysm rupture," said the study's senior author Qinghai Huang, M.D., Ph.D., professor of neurosurgery at Changhai Hospital, Second Military Medical University in Shanghai, China. "Given that one-third of patients with ruptured aneurysms die and another third remain dependent for daily life activities, there is a need to identify modifiable risk factors to prevent aneurysm rupture."

This multi-center study analyzed data collected from 2016 to 2021 at 20 medical centers in different regions across China, collected pre- and post-rupture, to evaluate the association among the use of RAAS inhibitors and other blood pressure medications, including beta-blockers and diuretics, on the risk of aneurysm rupture.

More than 3,000 adults with high blood pressure and intracranial aneurysms were included. The study sample was one-third men and two-thirds women, with an average age of 61 years old. Participants' hypertension status was categorized as controlled (normal blood pressure with the use of antihypertensive medications) or uncontrolled (high blood pressure, defined as 140/90 or above, with the use of antihypertensive medications), and was determined by blood pressure measurements taken at one point in time, three months before they were hospitalized for aneurysm.

The analysis found that 32% of participants who took RAAS inhibitors experienced an intracranial aneurysm rupture, compared to 67% of those who used non-RAAS inhibitors.

"We were surprised to find that even among people with controlled hypertension, those who took RAAS inhibitors still had a significantly lower rupture risk than individuals who used non-RAAS inhibitors. Our study highlights that using the proper antihypertensive medications to achieve normalization of blood pressure may remarkably decrease the risk of a ruptured aneurysm," Huang said.

"Based on these data, we estimate that nearly 18% of ruptured aneurysms may be prevented if all patients with high blood pressure and intracranial aneurysms were prescribed with RAAS inhibitors. Due to the strong potential benefit and high safety of RAAS inhibitors, these findings may also help clinicians to optimize treatment to help people with high blood pressure prevent aneurysm rupture."

Using a multivariable model, the researchers calculated that women's risk of aneurysm rupture was 1.8 times higher than men's risk, and that the following factors increased the risk of aneurysm rupture:

  • uncontrolled hypertension;
  • exposure to second-hand smoke; and
  • untreated Type 2 diabetes.

"These findings confirm previous studies indicating that -- in addition to blood pressure control -- smoking cessation and aggressive treatment of Type 2 diabetes may also help reduce the risk of aneurysm rupture," Huang said. "However, more research is needed to understand how RAAS inhibitors are involved in the prevention of intracranial aneurysm rupture in adults with high blood pressure."

The authors noted that limitations include the study's retrospective nature, the existence of potential confounders, that hypertension was defined as a blood pressure of 140/90, rather than of 130/80, that the exact value of participants' blood pressure was not taken and that the duration and dose of RAAS inhibitors was not recorded in the database.

This study was funded by the National Research and Development Project of Key Chronic Diseases, the Fujian Provincial Natural Science Foundation of China), and the Medical Project of Xiamen Municipal Bureau of Science and Technology.



Story Source:

Materials provided by American Heart AssociationNote: Content may be edited for style and length.


Journal Reference:

  1. Ping Zhong, Zhiwen Lu, Zhangyu Li, Tianxiao Li, Qing Lan, Jianmin Liu, Zhanxiang Wang, Sifang Chenand Qinghai Huang. Effect of Renin-Angiotensin-Aldosterone System Inhibitors on the Rupture Risk Among Hypertensive Patients With Intracranial AneurysmsHypertension, 2022 DOI: 10.1161/HYPERTENSIONAHA.122.18970

China stocks rise as COVID impact fades, stimulus lifts sentiment

 China stocks rose on Monday as both Beijing and Shanghai have been returning to normal life from the biggest COVID-19 outbreak in two years, while measures to revive the economic growth helped boost investor sentiment.

The CSI300 index rose 1.5% to 4,152.24 points at the end of the morning session, while the Shanghai Composite Index gained 1.1% to 3,228.93 points.

The Hang Seng index added 1.1%, to 21,311.98 points. The Hong Kong China Enterprises Index rose 1.3% to 7,363.81.

** Beijing will further relax COVID curbs by allowing indoor dining, while Shanghai has lifted most anti-virus curbs in recent days.

** "Reopening in Shanghai was a positive catalyst in itself, but the immediate impact is more on sentiment than on fundamentals," said Morgan Stanley analysts in a note. "We continue to advise patience."

** China's central bank will strengthen the implementation of its prudent monetary policy and bring forward steps to support the economy, vice governor Pan Gonsheng said.

** U.S. Commerce Secretary said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China to combat the current high inflation.

** The Caixin services purchasing managers' index (PMI) rose to 41.4 in May from 36.2 in April, but still below the 50-point mark that separates growth from contraction.

** The tech-focused STAR Market added 4.3%, extending gains from a 4.7% jump in the previous session, amid speculations that the market will lower its investor threshold.

** New energy shares soared 5.9%, with new energy vehicles surging 6.2% and photovoltaic firms up 5.5%.

** The STAR 50 index and the new energy index had led gains in a rebound since a recent trough on April 26, up roughly 30% and 40%, respectively.

** However, the CSI 300 Real Estate Index and the Hang Seng Mainland Properties Index both lost more than 3%.

** Tech giants trading in Hong Kong rose 2.4%, with food-delivery giant Meituan up 7% as its quarterly revenue surpassed analysts' estimates.

https://www.marketscreener.com/quote/stock/MEITUAN-INC-47006634/news/China-stocks-rise-as-COVID-impact-fades-stimulus-lifts-sentiment-40647211/

bluebird bio Blazes Trail for Lentiviral Vectors at Upcoming FDA AdComm

 For the first time in half a decade, the U.S. Food and Drug Administration’s Cellular, Tissue and Gene Therapies Advisory Committee will convene June 9-10 to address two therapies developed by bluebird bio in back-to-back meetings sure to draw the eyes of all companies developing lentiviral vectors as potential therapeutics for rare diseases.

For Cambridge, MA-based bluebird, the two-day meetings will be a huge moment in a watershed year for the beleaguered company that laid off nearly one-third of its employees in April. Not only will the advisory committee help shape the future for beti-cel and eli-cel, gene therapies that are already marketed in Europe, it could likely shape the future of the trailblazing company.

Melissa Bonner_bluebird bio“Next week is going to be monumental, quite frankly,” Melissa Bonner, head of research at bluebird bio told BioSpace. “This is the first time a lentiviral vector will be considered in the United States. This will have a profound impact on the entire field of gene therapy because there are a lot of different products in development that use an LVV approach.”

Like a spelunker carefully exploring a newly-discovered cave, the bluebird team, along with the scientists who make up the advisory committee, will be navigating new regulatory territory in gene therapy. Because the discussions that will be had this week as eli-cel and beti-cel are carefully examined will have ripple effects across the industry, Bonner predicted the committee meeting will be closely watched by other companies following a similar program path.

“Everyone will tune in with their popcorn to see how this is going,” she quipped.

Eli-cel, also known as elivaldogene autotemcel, will be the first bluebird program discussed by the advisory committee. Eli-cel was previously approved in Europe under the brand name Skysona. It was approved last year as a treatment for juvenile patients with early cerebral adrenoleukodystrophy (CALD), a serious neurological disorder caused by mutations in the ABCD1 gene. CALD typically develops in a juvenile around the age of 7. The rare, progressive, x-linked disorder is ultimately fatal but not before sending the patient into a vegetative state.

Eli-cel uses ex vivo transduction with the Lenti-D lentiviral vector to add functional copies of the ABCD1 gene into a patient’s own hematopoietic stem cells (HSC). The addition of the functional ABCD1 gene allows patients to produce the ALD protein, which is thought to facilitate the breakdown of very long-chain fatty acids, which cause the breakdown of myelin, the protective sheath around nerve cells in the brain.

Throughout the course of its development, eli-cel has shown positive efficacy. But, at the same time, there have been some safety concerns, which the FDA advisory committee members will likely discuss in detail. The eli-cel study was hit with a clinical hold last year over safety concerns after a patient treated with the gene therapy developed a rare form of cancer, myelodysplastic syndrome.

Bonner said the company has been transparent about the safety of eli-cel. Throughout its development, three patients developed a malignancy that was likely related to the gene therapy. Bonner said the safety issues will have to be weighed against the overall positive efficacy seen throughout clinical development. The advisory committee members are expected to “have a lively discussion” to determine if the overall benefits of eli-cel outweigh the risks in a patient population that has few options beyond an allogeneic stem cell transplant from a matched donor.

“If you have a matched donor, your odds are good. If not, your odds are very different,” she said. “This is a life-saving therapy. We think there’s a positive benefit-risk.”

On day two, the advisory committee will assess beti-cel, which is being developed for the blood disorder beta-thalassemia. Beti-cel is marketed as Zynteglo in Europe. Pointing to the clinical data, Bonner said with beti-cel there have not been the same safety concerns seen with eli-cel, and also noted that it has had positive efficacy data that she called “transformative.” Beti-cel is one-time gene therapy intended to treat beta-thalassemia in patients who need regular transfusions of red blood cells. In Phase III trials of beti-cel, 89% of patients who could be evaluated achieved transfusion independence.

As the advisory committee meeting looms closer, Bonner said the bluebird team will prepare as well as possible for all potential questions brought up by the committee members. While the meeting is a new experience for bluebird, Bonner noted this is also a new experience for the advisory committee members who have not met since the 2017 meeting before the approval of Spark Therapeutics’ Luxturna, a gene therapy for a rare form of blindness.

Although Bonner admitted the advisory committee meetings are stress-inducing, especially given the recent layoffs at bluebird, she shared her hope for the vast potential gene therapies have for rare disease patients. There are approximately 7,000 known rare diseases that impact between 25 million and 30 million Americans. The vast majority of those rare diseases do not have any therapeutic options or have insufficient ones.

“This type of technology (lentiviral vectors) can be pretty useful for these patients. That’s why this will be such a momentous occasion,” she said.

https://www.biospace.com/article/bluebird-bio-blazes-trail-for-lentiviral-vectors-at-back-to-back-fda-adcomm-meetings/

Santhera renegotiates milestone payment, increases liquidity runway

 Last year, Swiss biotech Santhera Pharmaceuticals claimed a Phase IIb win for vamorolone for Duchenne — just a few months after axing its previous Duchenne candidate after a Phase III fail and trimming staff.


Now, with the biotech hoping for FDA approval sometime next year, Santhera turned its attention to its finances — and some renegotiating later, it’s opened up some liquidity to hopefully last the company until next year.


Months after axing a Duchenne program and laying off dozens, Santhera claims a win there with a different program

Santhera had been working on vamorolone, an investigational drug that was originally developed by private biotech ReveraGen as a dissociative steroid, CEO Dario Eklund tells Endpoints News. The biotech noted that if FDA approval is achieved, it would have triggered a $50 million dollar milestone payment to ReveraGen. Instead, the deal has been modified — Santhera only has to pay $26 million upon FDA approval (plus $4 million in the meantime before approval), but Santhera has to increase its sales milestone payment by $20 million. That payment is only due if vamorolone’s annual revenue reaches $100 million.


Eklund added that the drug candidate has fast track designation from the FDA — and that a rolling review has already started with preclinical data and CMC information already submitted. What’s left on the submission, according to Eklund, is the clinical data, which the CEO says should be completely submitted by the end of June. Then, it’s a waiting game for the FDA to finalize that it received everything by the end of August or early September, according to Eklund, and then waiting for the federal regulatory agency to issue a PDUFA date within Q1 or Q2 next year.


“We will then find out from the FDA whether they accept the filing. And if they do, they will provide us with a PDUFA date. And the PDUFA date could be either a priority review, which we will apply for — a pediatric priority review — which would mean a six-month review,” Eklund added. If that request gets approved, it could mean a PDUFA date in Q1 next year. If not, that date will end up somewhere in Q2.


Shares of SANN on the Swiss stock exchange slid down between 6 and 7% after the announcement was made early Thursday.


After finishing the FDA submission, the next plan for Santhera is to also file with the EMA — which Eklund said should be done in Q3 this year.


In the meantime, Santhera also acquired an option for upsized financing from investment firm Highbridge — for over $41 million to meet liquidity requirements through Q1 2023. Santhera CFO Andrew Smith told Endpoints that the biotech is not mandated to pull that financing if it can find other sources of investment, such as private placements, public equity and royalties.


“Bottom line is, this provides contingency level through to approval. Before this, we previously signaled around $100 million or so to break even, which included a $50 million approval milestone, and sort of 50 operational. So this is 60 out of that total. So it’s a big chunk, and it’s almost as much as our current market cap,” Smith said. The CFO added, “We’re not mandated to pull that facility. We can use that facility if we choose. It’s relatively expensive money, so we’re going to continue looking in the near term for other alternatives.”

https://endpts.com/santhera-renegotiates-milestone-payment-increases-liquidity-runway-into-2023-pending-nda-filing/