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Wednesday, July 6, 2022

Ascletis Pharma Gains on Plan to Test Covid-19 Drug in U.S.

 Shares of Ascletis Pharma Inc. rose after the Chinese drugmaker said it is seeking permission to test a Covid-19 drug in the U.S.

The Hong Kong-listed stock was 5.4% higher at 4.08 Hong Kong dollars midday, taking year-to-date gains to 24%.

The Chinese company said Wednesday that it has filed an investigational new drug application for its oral drug ASC10 with the U.S. Food and Drug Administration. Approval of the filing would pave the way for Ascletis to begin clinical trials of the drug in the U.S.

The filing "will accelerate Ascletis's global multicenter clinical studies on ASC10 and better position its oral drug pipeline of Covid-19," the company said.

In preclinical studies, the drug has shown "excellent in vitro antiviral activity against multiple SARS-CoV-2 virus variants including Omicron," Ascletis said in a stock-exchange filing.

Ascletis, which has a similar application under way in China, said it retains full global rights for the drug's development and commercialization.

The drugmaker posted a 199.0 million yuan ($29.6 million) net loss in 2021. Its revenue more than doubled to CNY76.9 million last year.

https://www.marketscreener.com/quote/stock/ASCLETIS-PHARMA-INC-46512723/news/Ascletis-Pharma-Gains-on-Plan-to-Test-Covid-19-Drug-in-U-S-40904537/

Inspire Medical Gets FDA Approval for Full-Body MRIs

 Inspire Medical Systems Inc. said the Food and Drug Administration has granted approval for the use of full-body magnetic resonance imaging scans in conjunction with its sleep apnea therapy.

The Golden Valley, Minn.-based company, which develops treatments for patients with obstructive sleep apnea, previously had approval to use MRI scans for only the head, neck and extremities.

The expansion to full-body capabilities is retroactive, meaning it will apply to all patients that already have the company's Inspire IV neurostimulator device in place.

"Providing the full range of scan options enables us to better help all current and future patients with their imaging needs," Chief Executive Tim Herbert said.

https://www.marketscreener.com/quote/stock/INSPIRE-MEDICAL-SYSTEMS-43214691/news/Inspire-Medical-Gets-FDA-Approval-for-Full-Body-MRIs-40909587/

FDA Authorizes Pfizer's Paxlovid Pill for Covid-19

 The Food and Drug Administration on Wednesday authorized pharmacists to prescribe Pfizer Inc.'s antiviral Paxlovid pill to eligible patients, with some limitations, for the treatment of Covid-19.

Paxlovid is authorized for adults and pediatric patients with mild-to-moderate cases who are at high risk for progression to severe Covid-19, including hospitalization or death. It must be taken within five days after symptoms begin, the FDA said.

Pharmacists should refer patients for clinical evaluations if they don't have enough information available related to potential drug interactions or to asses renal and hepatic functions, among other limitations.

Patrizia Cavazzoni, director for the FDA's Center for Drug Evaluation and Research, said in a statement that "authorizing state-licensed pharmacists to prescribe Paxlovid could expand access to timely treatment for some patients who are eligible to receive this drug for the treatment of COVID-19."

Pfizer requested full FDA approval last week. Pfizer has been selling the drug to the federal government under an authorization for emergency use. The federal government has then been directing the pills' distribution.

https://www.marketscreener.com/quote/stock/PFIZER-INC-23365019/news/FDA-Authorizes-Pfizer-s-Paxlovid-Pill-for-Covid-19-40912169/

GSK Investor Support For Spin-Off Vindicates Rejection Of Unilever Bid, Says Chief

 GSK INVESTOR SUPPORT FOR SPIN-OFF VINDICATES REJECTION OF UNILEVER BID, SAYS CHIEF - FT

https://www.marketscreener.com/quote/stock/GSK-PLC-9590199/news/GSK-Investor-Support-For-Spin-Off-Vindicates-Rejection-Of-Unilever-Bid-Says-Chief-FT-40911994/

Seagen strengthens case for cancer drug as buyout rumors swirl

 

  • Seagen reported new study results indicating its targeted cancer drug, Tukysa, might benefit certain patients with advanced colorectal cancer.
  • Phase 2 trial data reported at a medical meeting in Europe over the weekend show that 38% of study volunteers, each of whom had HER2-positive colorectal cancer and previously received other therapies, responded to treatment with Tukysa and the Roche drug Herceptin. Treatment helped keep cancers from progressing for a median of about 8 months and kept patients alive a median of roughly 24 months, Seagen said.
  • The results build on initial findings reported in May and are meant to expand use of Tukysa, which is already approved to treat metastatic breast cancer. There are no targeted treatments available for HER2-positive colorectal tumors, though that could soon change, as Seagen has said it plans to file for accelerated approval in the U.S.
The data update provides Seagen with a boost during a tumultuous time.

The company’s longtime CEO, Clay Siegall, resigned in May amid an investigation into domestic abuse allegations. Last month, the Wall Street Journal reported the company may soon sell itself to Merck & Co., which already owns a stake in Seagen and partial rights to Tukysa as part of a deal the two struck in 2020.

What’s more, despite having four products on the market, the company still isn’t consistently profitable. It revised its revenue projections for Tukysa earlier this year due to growing competition, mainly from AstraZeneca and Daiichi Sankyo’s rival breast cancer drug Enhertu.

Expanding Tukysa’s label could help boost those numbers. The drug is currently only approved to treat advanced breast cancers that express the protein HER2, an indication that led to $334 million in sales last year. But the medicine is in clinical testing for other tumors as well. Its closest market opportunity is in HER2-positive colorectal tumors. Though the protein is believed to be overexpressed on only 3% to 5% of colorectal cancers, approval in that setting could nonetheless add up to $542 million in additional yearly revenue, according to SVB Securities analyst Andrew Berens.

The new results demonstrate “encouraging durability that could position the combination as standard of care,” Berens wrote in a note to clients. The regimen’s impact on tumor progression and survival surpass what was reported in a study of Herceptin and the GSK cancer medicine Tykerb in a study published in The Lancet Oncology in 2016, for instance. Side effects, most commonly diarrhea, fatigue and nausea, were consistent with what was previously reported. Adverse events led 5.8% of study volunteers to drop out of the trial, Seagen said.

Seagen is also testing a regimen of Tukysa, Herceptin and chemotherapy to chemo alone in a Phase 3 study in patients newly diagnosed with metastatic disease. That study would serve as a confirmatory trial if regulators grant Tukysa an accelerated approval for colorectal tumors.

https://www.biopharmadive.com/news/seagen-tukysa-colorectal-cancer-results-esmo/626579/

Elon Law scholar’s column on calls to ‘codify Roe v. Wade’

 Professor Thomas J. Molony writes in a July 5 commentary how constitutional limitations and case law may prohibit federal efforts to guarantee abortion access in states that ban the procedure.

An Elon Law professor outlined federal case law and how he concludes the U.S. Constitution does not authorize Congress to overrule state restrictions on abortion access in a July 5 column published by the Wall Street Journal.

Professor Thomas J. Molony’s “Congress Can’t ‘Codify Roe v. Wade’” looks specifically at prior Supreme Court rulings on Section 5 of the 14th Amendment as well as Article I’s Commerce Clause to explain why federal legislation that guarantees abortion access likely wouldn’t survive legal challenges.

The Wall Street Journal published the column a little more than a week after the Supreme Court of the United States issued its ruling in Dobbs v. Jackson Women’s Health Organization. In it, the Court struck down the 1973 decision in Roe v. Wade that until now had limited the ability of states to outright prohibit abortion access.

“The Constitution doesn’t empower Congress to force states to allow abortion against their wishes,” Molony concludes in his column. “What Mr. Biden said about the Covid pandemic applies to legislating abortion rights: ‘There is no federal solution.'”

At Elon Law, Molony has taught courses in business associations, contracts, secured transactions, international business and securities regulations. His scholarship has appeared in the Loyola Law Review, the Washington and Lee Law Review, the Florida Law Review, and the Santa Clara Law Review, among other publications.

“Taking Another Look at the Call on the Field: Roe, Chief Justice Roberts, and Stare Decisis”, an article Molony authored in 2020 for the Harvard Journal of Law & Public Policy, foreshadowed Chief Justice John Roberts’ concurring opinion in the Dobbs decision.

Molony joined the Elon Law faculty after practicing law with the Charlotte firm of Robinson, Bradshaw & Hinson. His practice focused on corporate and commercial law, public finance and bankruptcy.

In his service to Elon Law and the state legal profession, Molony has regularly contributed “Business Law Developments” in Notes Bearing Interest, a publication of the North Carolina Bar Association, and he has served as faculty advisor to the School of Law Honor Council.

https://www.elon.edu/u/news/2022/07/05/wall-street-journal-publishes-elon-law-scholars-column-on-calls-to-codify-roe-v-wade/

Are the Covid mRNA Vaccines Safe?

 A new scientific study titled Serious adverse events of special interest following mRNA vaccination in randomized trials” provides the best evidence yet concerning the safety of the mRNA Covid vaccines. For most vaccines in common use, benefits far outweigh risks, but that may not be the case for the mRNA covid vaccines, according to this study by Joseph Fraiman and his colleagues. It depends on your age and medical history. 

The randomized controlled clinical trial is the gold standard of scientific evidence. When regulators approved the Pfizer and Moderna mRNA vaccines for emergency use in December 2020, two randomized trials showed that the vaccines reduced symptomatic covid infection by over 90% during the first few months after the second dose. 

Pfizer and Moderna did not design the trials to evaluate long-term efficacy or the more important outcomes of preventing hospitalization, death, or transmission. 

The randomized trials did collect adverse event data, including the presence of mild symptoms (such as fever) and more serious events requiring hospitalization or leading to death. Most vaccines generate some mild adverse reactions in some people, and there were considerably more adverse such reactions after the mRNA vaccines compared to the placebo. 

That is annoying but not a major issue. We care about severe health outcomes. The key question is whether the vaccine’s efficacy outweighs the risks of severe adverse reactions. 

The Fraiman study uses data from the same Pfizer and Moderna-sponsored randomized trials presented to the FDA for vaccine approval, but with two innovations that provide additional information. 

First, the study pools data from both mRNA vaccines to increase the sample size, which decreases the confidence intervals’ size and the uncertainty about the estimated harms. 

Second, the study focuses only on the severe adverse events plausibly due to the vaccines. Serious adverse events such as gunshot wounds, suicide, animal bites, foot fractures, and back injury are unlikely to be due to a vaccine, and cancer is unlikely to be due to a vaccine within a few months after vaccination. By removing such random noise, the ability (statistical power) to detect genuine problems increases. If there is no excess risk, shorter confidence intervals bolster confidence in the safety of the vaccines. 

Classifying adverse events into the two groups is not a trivial task, but Fraiman et al. do an excellent job to avoid bias. They rely on the pre-defined Brighton Collaboration definitions of adverse events of special interest (AESI). Founded in 2000, the Brighton Collaboration has two decades of experience using rigorous science to define clinical outcomes for vaccine safety studies. 

Moreover, Fraiman and colleagues blinded the process where they classified the clinical events as AESIs. Adjudicators did not know whether the individual had received the vaccine or the placebo. Hence, any criticism of so-called p-hacking is unwarranted. 

So, what are the results? There were 139 AESIs among the 33,986 people vaccinated, one for every 244 people. That may sound bad, but those numbers mean nothing without comparison against a control group. There were 97 AESIs among the 33,951 people who received a placebo. Combining these numbers implies 12.5 vaccine-induced AESIs for every 10,000 people vaccinated, with a 95% confidence interval of 2.1 to 22.9 per 10,000 people. To phrase it differently, there is one additional AESI for every 800 people vaccinated (95% CI: 437-4762). 

That is very high for a vaccine. No other vaccine on the market comes close. 

The numbers for the Pfizer and Moderna vaccines are 10 and 15 additional events per 10,000 people, respectively, so both vaccines contributed to the finding. The numbers are similar enough that we cannot confidently say that one is safer than the other. Most excess AESIs were coagulation disorders. For the Pfizer vaccine, there was also an excess of cardiovascular AESIs. 

While these safety results are concerning, we must not forget the other side of the equation. Unfortunately, the study does not calculate composite estimates that also included the reduction in serious covid infections, but we have such estimates for mortality. 

Dr. Christine Benn and her colleagues calculated a combined estimate of the effect of vaccination on all-cause mortality using the same randomized trial data as Fraiman et al. They did not find a mortality reduction for the mRNA vaccines (relative risk 1.03, 95% CI: 0.63-1.71). 

One important limitation of both Fraiman’s and Benn’s studies is that they do not distinguish the adverse reactions by age, comorbidities, or medical history. That is not their fault. Pfizer and Moderna have not released that information, so outside researchers do not have access. 

We know that the vaccine benefits are not equally distributed among people since covid mortality is more than a thousand times higher among the old. Thus, risk-benefit calculations must be done separately for different groups: with and without prior covid infection, by age, and for the first two doses versus boosters. 

  1. Covid-recovered people have natural immunity that is stronger than vaccine-induced immunity. So, the benefit of vaccination is – at best – minimal. If the risk of adverse reactions is the same as in the randomized trials, there is a negative risk-benefit difference. Why are we mandating people in this group to be vaccinated? It is both unethical and damaging to public health.
  2. While everyone can get infected, children have a minuscule risk of covid mortality. There is very limited safety data from the trials on children. If the risk of adverse reactions is the same as for adults, the harms outweigh the risks. Children should not receive these vaccines.
  3. Older people above 70 have a much higher risk of covid mortality than the population in the Fraiman study. If their risk of adverse reaction is the same, then the benefits outweigh the harms. Hence, older people who have never had covid and are not yet vaccinated may benefit from these vaccines. However, we do not know if they are better than the Johnson & Johnson and Astra-Zeneca vaccines.
  4. It is unclear from the clinical trial data whether the benefits outweigh the risks for working-age adults who have not been vaccinated and who have not already had covid. This is true both historically, for the original covid variants, and currently for the newer ones.
  5. The Fraiman study analyzes data after the first and second doses. Both risks and benefits may differ for booster shots, but no randomized trial has properly evaluated the trade-off.

These results concern only the Pfizer and Moderna mRNA vaccines. Fraiman et al. did not analyze data on the adenovirus-vector vaccines marketed by Johnson & Johnson and Astra-Zeneca. Benn et al. found that they reduced all-cause mortality (RR=0.37, 95% CI:0.19-0.70), but nobody has used trial data to analyze AESIs for these vaccines. 

Critically, the Fraiman and Benn studies had a follow-up of only a few months after the second dose because Pfizer and Moderna, unfortunately, terminated their randomized trials a few months after receiving emergency use authorization. Of course, a longer-term benefit can provide a basis to tolerate negative or neutral short-term risk-benefit differences. However, that is unlikely since we know from observational studies that mRNA vaccine efficacy deteriorates a few months after the second dose. 

There may also be long-term adverse reactions to the vaccine regarding which we do not yet know. Since the randomized trials ended early, we must look at observational data to answer that question. The publicly available data from the Vaccine Adverse Event Reporting System is of low quality, with both under- and over-reporting. The best observational data is from CDCs Vaccine Safety Datalink (VSD) and FDA’s Biologics and Effectiveness Safety System (BEST), but there have only been limited reports from these systems.

Fraiman and colleagues have produced the best evidence yet regarding the overall safety of the mRNA vaccines. The results are concerning. It is the responsibility of the manufacturers and FDA to ensure that benefits outweigh harms. They have failed to do so.

Martin Kulldorff, Senior Scholar of Brownstone Institute, is an epidemiologist and biostatistician specializing in infectious disease outbreaks and vaccine safety. He is the developer of Free SaTScan, TreeScan, and RSequential software. Most recently, he was professor at the Harvard Medical School for ten years. Co-Author of the Great Barrington Declaration.

https://brownstone.org/articles/are-the-covid-mrna-vaccines-safe/