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Monday, June 13, 2022

FDA clears digital tool to help diagnose autism in children as young as 16 months

 Diagnoses of autism spectrum disorder have skyrocketed in the U.S. since the turn of the millennium, when one in every 150 children were diagnosed with the condition. Two decades later, according to the CDC, that now includes one in every 44 children, measured among the nation’s 8-year-olds.

Despite the growing recognition of autism’s prevalence in young children, its diagnosis can still be severely delayed. The median diagnosis age sits around four or five years old—even though symptoms can be observed within the first 18 months of life—stretching out the time it takes for kids to get the support and treatment they need.

The rise of digital diagnostics may be the key to speeding up those diagnoses, which can be even further delayed for girls and for children from low-income and nonwhite families.

Last year, the FDA handed down its first clearance for an app from Cognoa that uses machine learning to analyze videos of kids interacting with others and performing tasks, as well as surveys from caregivers and doctors, to help diagnose autism spectrum disorder.

A year later, the agency has cleared another digital tool to detect signs of autism, this one from EarliTec Diagnostics.

The EarliPoint Evaluation uses eye-tracking technology to monitor a child’s focus and responsiveness while viewing short videos of social interactions between other kids. According to EarliTec, the “looking behavior” of young children with autism can deviate from that of typically developing children as many as 1,000 times during a single testing session.

Artificial intelligence analyzes the child’s eye movements, then compares those findings to benchmarks for the child’s age to spot any disparities between the social learning expectations and reality. The results of EarliTec’s test distinguish between different levels of social, verbal and non-verbal abilities.

The technology was developed by researchers from Children’s Healthcare of Atlanta, the Emory University School of Medicine and Yale University.

“How we quantify moment-by-moment behavior of a child not only provides objective measures of each child’s strengths and weaknesses today—measures that can be universally available and accessible to all families—it provides a digital health platform that can support care in the future, so that all individuals affected by autism receive timely, individualized care,” said Sreeni Narayanan, EarliTec’s chief technology officer.

Compared to the Cognoa app—which is indicated as a diagnostic aid for children between 18 months and six years old—the EarliTec tool covers a narrower and slightly younger age group. The FDA cleared it for use with children as young as 16 months, and up to those aged two and a half years.

The FDA clearance comes shortly after another win for EarliTec that arrived in the form of an eight-figure funding round. The Atlanta-based startup announced the $19.5 million financing in February, courtesy of Home Depot co-founder Bernie Marcus and the Georgia Research Alliance.

At the time, EarliTec said the money would help support its FDA submission and subsequent commercialization of the technology, as well as the expansion of its digital biomarkers and AI platform.

https://www.fiercebiotech.com/medtech/fda-clears-digital-tool-help-doctors-diagnose-autism-kids-young-16-months

Valneva hit after saying Europe may not order its COVID-19 vaccine candidate

 Shares of Valneva SE VALN, -19.80% fell 13.3% in premarket trading on Monday after the company said it proposed a remediation plan to the European Commission after learning of plans to terminate the purchase agreement for Valneva's COVID-19 vaccine candidate. If the agreement reduces the total amount of vaccine in the order, that will impact the sustainability of the company's vaccine program, the company said. Valneva's vaccine uses a different technology than the mRNA vaccines. It is an inactivated whole virus shot, which has been viewed as an alternative option for people who are concerned about mRNA technology. "We continue to receive messages from people looking for a more traditional vaccine technology and we hope to receive a meaningful order size to further support public health in Europe," Valneva CEO Thomas Lingelbach said in a news release. Valneva's stock has declined 63.9% this year, while the S&P 500 SPX, -3.62% is down 18.1%.

https://www.marketwatch.com/story/valnevas-stock-slides-after-saying-europe-may-not-order-the-companys-covid-19-vaccine-candidate-2022-06-13

Hillstream BioPharma Announces Share Repurchase

 Hillstream BioPharma, Inc. (Nasdaq: HILS) (“Hillstream”, the “Company”), a biotechnology company developing novel therapeutic candidates targeting ferroptosis, an emerging new anti-cancer mechanism resulting in iron mediated cell death for drug resistant and devastating cancers, today announced that its Board of Directors has authorized a share repurchase program to acquire up to $1 million of the Company's common stock. The Company may purchase common stock on the open market, through privately negotiated transactions, or otherwise, in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements. As of March 31, 2022, Hillstream had approximately $11.1 million in cash and 11.4 million shares of common stock outstanding.

“We have demonstrated strong execution and as a result have seen significant advancement of our pipeline,” said Randy Milby, Hillstream’s Chief Executive Officer. The current market situation allows us to capture additional value for all investors through this measured buyback program. Our interests have always been, and continue to be aligned with our shareholders.”

Share Repurchase Program
The timing, amount of shares repurchased and prices paid for the stock under this program will depend on market conditions as well as corporate and regulatory limitations, including blackout period restrictions. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.

https://finance.yahoo.com/news/hillstream-biopharma-announces-share-repurchase-120000985.html

Optinose: Positive Top-line Results in 2nd Phase 3 Trial in Chronic Sinusitis

 First Ever Phase 3 Program to Show Improvement in Both Symptoms and Inflammation Inside the Sinuses with a Nasal Therapy for Chronic Sinusitis Patients

Physicians Diagnose Chronic Sinusitis 10 Times More Frequently Than XHANCE’s Current Nasal Polyps Indication and there is no FDA-Approved Medication for these Patients

Conference call and webcast to be held today at 8:30 a.m. Eastern Time

Members of the Company’s leadership team will host a conference call and presentation to discuss top-line results from this trial today, beginning at 8:30 a.m. Eastern Time.

To participate on the conference call, please dial (866) 916-4761 from the U.S. or +1 (409) 216-6496 from outside the U.S. In addition, following the completion of the call, a telephone replay will be accessible until Monday, June 20, 2022 by dialing (855) 859-2056 from the U.S. or +1 (404) 537-3406 from outside the U.S. and entering conference ID #7793853. A simultaneous webcast of the call and presentation can be accessed by visiting the Investors section of Optinose’s website at www.optinose.com. In addition, a replay of the webcast will be available on the Company website for 60 days following the event.

https://finance.yahoo.com/news/optinose-announces-positive-top-line-110000465.html

Biotech Acquisition, Blade Therapeutics End Business Combination Agreement

 Biotech Acquisition Company (NASDAQ: BIOT) ("BAC"), a publicly traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics, Inc. ("Blade"), a biopharmaceutical company based in South San Francisco, Calif., today announced that they have mutually agreed to terminate the previously announced Agreement and Plan of Merger (the "Merger Agreement"), effective immediately.

As required by Cayman Islands law, BAC will convene the previously postponed extraordinary general meeting of shareholders on Tuesday, June 14, 2022, at 9:00 AM Eastern Time.  As previously announced, the extraordinary general meeting will occur at the offices of Ellenoff Grossman and Schole LLP located at 1345 Avenue of the Americas, 11th Floor, New York, New York, 10105 and virtually via live webcast at https://www.cstproxy.com/biotechacquisition/2022.

As a result of the termination of the Merger Agreement, at the extraordinary general meeting, BAC intends that none of the proposed resolutions to approve the Merger Agreement and the related resolutions will be put forward for consideration and approval by BAC's shareholders and that the extraordinary general meeting will be adjourned indefinitely.  In light of the termination of the Merger Agreement, the proposed business combination will not be concluded and any ordinary shares submitted for redemption will not be redeemed at this time and will be returned to the respective holder, broker or bank in the manner described in the definitive proxy statement for the extraordinary general meeting.  BAC intends to continue to pursue the consummation of a business combination with an appropriate target. Additional information about the termination of the Business Combination will be provided in a Current Report on Form 8-K to be filed by BAC with the SEC and available at www.sec.gov.


CRISPR Tx Drug Targeting CD70 Offers Early Hope for Difficult T Cell Lymphomas

 This weekend, CRISPR Therapeutics shared positive initial data from the Phase I COBALT-LYM trial of CTX130, an allogeneic CAR-T cell therapy, which demonstrated safety and efficacy when used to target solid tumors and certain hematological malignancies expressing CD70. 

The open-label, multi-center COBALT-LYM dose escalation study identifies safety and overall response rate as primary endpoints, while secondary endpoints include overall survival and progression free survival. Based on early results, CTX130 is well tolerated across different dose levels. There were no dose limiting toxicities, no cases of graft vs host disease and no instances of tumor lysis syndrome. 

"These preliminary data demonstrate that CTX130 has the potential to provide meaningful clinical benefit with a well-tolerated safety profile. Given the inherent difficulties and potential risks of manufacturing a CAR-T therapy from a patient's own diseased T cells, allogeneic cellular therapy approaches for T cell lymphoma have greater potential to address the unmet need in this patient population," the company wrote in a press release. 

As of April 26 data cutoff, the trial had 19 patients enrolled, all of whom had T cell malignancies - eight with peripheral T-cell lymphoma and 10 with cutaneous T-cell lymphoma - and had been heavily pre-treated with a median of four systemic therapies. All participants had a median CD70 expression of 90% and were refractory up to their last therapy line. 

"We are very pleased with the preliminary results from our COBALT-LYM trial, which showed efficacy and safety that suggest that CTX130, the first allogeneic CAR-T directed against the novel target CD70, can produce deep responses in patients with relapsed or refractory T cell lymphomas," Samarth Kulkarni, Ph.D., chief executive officer of CRISPR Therapeutics, said.

Swaminathan P. Iyer, M.D., professor and lead of the T Cell Lymphoma program, department of lymphoma/myeloma, division of cancer medicine at the University of Texas MD Anderson Cancer, also expressed support for the study, saying, "The data from the CTX130 trial demonstrate the potential of cell therapies as a new treatment modality for these patients."

Iyer added, "I am particularly encouraged by the response rates and safety data, which suggest that treatment with CTX130 could elicit clinically meaningful responses, including complete responses, in patients with difficult-to-treat T cell lymphomas."

Aside from the COBALT-LYM trial, CTX130 is being evaluated for relapsed or refractory renal cell carcinoma under the COBALT-RCC study. More details will be shared at the CRISPR Therapeutics Innovation Day on June 21, 2022.

https://www.biospace.com/article/-crispr-therapeutics-cancer-drug-candidate-found-safe-in-early-data-/

Inhibikase Starts Phase 2 Parkinson's Trial After FDA Review

 Inhibikase Therapeutics, Inc. (Nasdaq: IKT) (Inhibikase or Company), a clinical-stage pharmaceutical company developing therapeutics to modify the course of Parkinson's disease and related disorders, today announced that it is advancing its Phase 2a study ('201 trial') following review of the study protocol and Phase 1/1b ('101 trial') data by the U.S. Food and Drug Administration (FDA or 'the Agency').

The 101 trial was a single and multiple ascending dose safety, tolerability and pharmacokinetics (PK) trial evaluating once daily administration of IkT-148009, the Company's lead c-Abl inhibitor for the treatment of Parkinson's disease. The study evaluated single doses up to 325 mg per day (the 'SAD study') and multiple doses up to 100 mg (the 'MAD study') in 88 older and elderly healthy adults and subsequently in 13 patients with mild to moderately advanced Parkinson's disease. Clinical pharmacology of IkT-148009 in patients closely paralleled the clinical pharmacology of IkT-148009 in older healthy volunteers. IkT-148009 also demonstrated a favorable safety and tolerability profile up to a dose of 325 mg with no clinically significant adverse events observed.

Following a review of IkT-148009 safety, tolerability and PK data in the first two cohorts of the 101 trial in Parkinson's patients at 50 and 100 mg as well as the 201 trial protocol, the FDA agreed with the Company's view that proceeding with the 201 trial was appropriate without restrictions. Based on this feedback, Inhibikase will continue to advance the 201 trial and end enrollment of the 101 trial.