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Monday, August 8, 2022

CinCor Pharma Shares Trade Higher After Positive Data From Hypertension Drug

 

  • CinCor Pharma Inc  has announced topline results from Phase 2 BrigHtn trial evaluating baxdrostat for treatment-resistant hypertension.
  • Results showed baxdrostat met its primary endpoint and achieved a statistically significant placebo-adjusted reduction in systolic blood pressure (SBP), including 11 mmHg at 2 mg.
  • BrigHtn successfully met its primary endpoint, demonstrating a statistically significant change from baseline in mean seated SBP versus placebo for the 2 mg and 1 mg doses:
  • Secondary endpoint results included baxdrostat significantly lowering diastolic blood pressure (DBP) by 5.2 mmHg in the 2mg dose, and approximately 46% of patients in the 2 mg dose arm achieving blood pressure control.
  • No drug-related serious adverse events were observed, or major safety concerns were reported across all three dose cohorts.
  • One subject experienced an isolated instance of elevated potassium, deemed drug-related. However, upon retesting, the potassium level for this patient dropped sufficiently to allow resumption of baxdrostat.
  • In July, CinCor completed enrollment in the Phase 2 HALO trial with 249 patients. HALO is studying the efficacy and safety of baxdrostat in patients whose blood pressure is not controlled despite treatment with up to two antihypertensive agents and remains on track to be completed in 2H of 2022. 

Kodiak Shares Climb Following Positive Results From Late-Stage Retina Disease Study

 Kodiak Sciences Inc. 

 announced positive topline results its BEACON Phase 3 study of tarcocimab tedromer (KSI-301; tarcocimab) in patients with macular edema due to retinal vein occlusion.

The Phase 3 BEACON study is designed to evaluate the durability, efficacy and safety of tarcocimab tedromer in patients with treatment-naïve macular edema due to retinal vein occlusion.

The Phase 3 study met the primary endpoint of non-inferior change from baseline in visual acuity at week 24 compared to aflibercept and demonstrated robust anatomic responses and a favorable safety profile.

Victor Perlroth, Chief Executive Officer, commented: “Our regulatory strategy is designed to have two successful studies in one indication and then individual studies in additional indications. Looking across our development program for tarcocimab, our paired Phase 3 GLEAM and GLIMMER studies in DME, if successful, are designed to serve as the primary basis for a licensing application and potential regulatory approval of tarcocimab.”

The company is expected to present primary results from the BEACON study at upcoming ophthalmology congresses in September 2022.

https://www.benzinga.com/general/biotech/22/08/28398943/kodiak-shares-climb-following-positive-results-from-late-stage-retina-disease-study

Do Q2 Results and Increased M&A Indicate a Recovery for Biotech?

 Following a spate of recent acquisition announcements, a surge of mergers and acquisitions could occur within the latter part of 2022, some analysts are predicting.

A recent report from PricewaterhouseCoopers (PwC) predicts multiple acquisitions are set to be announced in the second half of the year, particularly by companies that have seen strong revenue streams from COVID-19 products. One of those companies is Pfizer, which predicted nearly $100 billion in revenue for 2022 earlier this year, primarily driven by sales of its COVID-19 vaccine, Comirnaty.

The company got the ball rolling today with a $5.4 billion deal for sickle cell disease-focused Global Blood Therapeutics and said the deal will bolster its position in rare diseases, particularly in hematology.

Gilead Sciences, which developed one of the first antivirals for COVID-19, also dug into its purse to snap up U.K-based MiroBio in a $405 million deal. The acquisition brings MiroBio and its checkpoint agonists under the Gilead Sciences umbrella as the company continues to focus on developing therapies for autoimmune diseases.

 Amgen, which saw 2021 profits grow from a COVID-19 antibody manufacturing partnership with Eli Lilly, also flexed its M&A muscle this month to snap up ChemoCentryx in a $4 billion deal. That deal allows the ChemoCentryx drug, Tavneos, to bolster Amgen’s leadership in inflammation and nephrology. Tavneos is expected to complement other drugs in the company’s pipeline, including Otezla, Enbrel, Tezpire, Amgevita and Avsola. 

The expected flurry of M&S activity will contrast with the somewhat anemic first half of 2022, especially compared to the previous year. PwC said the first months of 2022 saw a 58% decrease in semi-annualized deal value compared to the same period in 2021. During the first half of 2022, there were 137 announced deals, with a total value of $61.7 billion. That was down from 2021, when there were 204 announced deals during the same period. 

There are several factors that have contributed to the dearth of spending in 2022. The global economy has teetered on recession due to supply chain shortages that have continued to be impacted by the ongoing pandemic, as well as rising inflation and increasing global political tensions associated with the Russian invasion of Ukraine. 

In its latest report, PwC speculated that the bulk of any acquisitions announced in the second half of the year will be “bolt-on transactions in the $5 to $15 billion range.” The report suggests that pharma companies will focus on these smaller acquisitions to make up for lost revenue from generic challenges that are expected to impact companies over the next several years, such as AbbVie, which will lose patent protection on its powerhouse Humira in 2023.

Primary targets for M&A are expected to be early-stage companies. This will allow the larger companies to fill pipeline gaps, the report said.

As the world has been impacted by financial uncertainty and rising prices due to supply chain issues and other economic factors, the PwC analysts said companies are still likely to pay top dollar for any deals soon.

“In an effort to stay nimble in a rapidly changing environment, pharma companies are re-examining capital allocation strategies, as well as considering alternative options for their supply chains,” PwC wrote in its report. “Even as uncertainty persists, expect pharma to focus on inorganic growth ahead of some of the world’s largest drugs going off patent later this decade.”

Alongside the M&A predictions and recently announced deals, the pharma industry has also seen an uptick in strong financial reports. Over the past weeks, companies have been sharing their quarterly reports, and many of them are posting strong revenue gains.

Lantheus Holdings, a MedTech company, posted a whopping 121% revenue increase for the second quarter of this year, compared to the prior year. Lantheus saw global earnings of $223.7 million for the three-month period. For the same period in 2021, the company saw $101 million in revenue.

Other companies are also set for positive Q2 reports. Seeking Alpha noted that Veru and Vertex, which acquired ViaCyte earlier this year, are expected to post significant gains later this week. 

As the second half of 2022 continues to unfold, more and more companies are expected to make moves that will ensure a strong 2023, although some factors could derail these predictions, including the upcoming elections that could change the leanings of Congress, as well as increasing concerns about the monkeypox outbreak. 

https://www.biospace.com/article/m-and-a-activity-predicted-to-increase-in-the-second-half-of-2022/

A Referendum on Anti-Amyloid and Promising New Therapeutic Targets at AAIC

 If a tree falls in a forest and nobody is around to hear it, does it make a sound? Similarly, if the U.S. Food and Drug Administration ultimately votes to approve Eli Lilly’s donanemab or Eisai’s lecanemab – both anti-amyloid beta (Aβ) antibodies – will it make an impact on Alzheimer’s disease (AD)?

“The stupid question is: if I have Alzheimer's disease and my plaque is gone, but I still have Alzheimer's disease, do I care?” Maria Maccecchini, Ph.D., founder, president and CEO of Annovis Bio asked during an interview with BioSpace.

On Thursday, Maccecchini participated in a panel discussion, Integrative Systems Biology of Alzheimer’s Disease, at the Alzheimer’s Association International Conference (AAIC), addressing this very question. The panel, hosted by renowned AD researcher Dr. Jeffrey Cummings, M.D., and Krista Lanctôt, Ph.D. of Sunnybrook Research Institute, also looked at integrative approaches being taken to treat the disease.

The Battered Anti-Amyloid Theory

As anti-Aβ therapeutics continue to fail, allegations recently broke calling into question seminal research behind the hypothesis. While looking into claims of misconduct by AD drug developer Cassava Sciences, Vanderbilt neuroscientist and physician Matthew Schrag made a discovery: It appeared to Schrag that the pioneering research of Sylvain Lesné and Karen Ashe possibly contained tampered images of Western blots, a laboratory technique used to visualize proteins. This data formed the backbone of the argument that Aβ*56 - an oligomer of amyloid-β proteins - is responsible for the AD hallmark of memory loss. The 2006 paper has been cited by some 2,300 other studies over the past 16 years.

Despite the failure of these drugs (Biogen’s Aduhelm is a possible – though highly-scrutinized – exception), the pharmaceutical industry continues to cling to the theory. It’s no wonder why, given the astronomical resources that have been devoted to it. In 2021 alone, anti-amyloid research received nearly $300 million in support from the National Institutes of Health.

Maria Maccecchini_Annovis Bio“I had thought that amyloid was dying 10 years ago,” Maccecchini said. “It does not die.” Maccecchini was perusing the booths at AAIC when she came across an Eli Lilly representative. She asked the individual why, with all of the failures in the space, she was still working in it. Her response? “Because Lilly is the only employer in town.”

“When you have put billions into something, unless that person resigns or dies, they're not going to admit being wrong,” Maccecchini said.

She was unwavering in her position on anti-Aβ antibodies. “I would not use an antibody in an elderly person with an impaired brain if my life depended on it. It's toxic. You're killing these people earlier.” She also noted the perils of PET scans, which she said kills nerve cells.

The RNA-based Approach

Instead, Berwyn, PA-based Annovis is developing buntanetap, a small molecule that inhibits multiple neurotoxic proteins – tau, aSynuclein, TDP-43 and amyloid beta – at once. These proteins, she explained, are regulated by the same homologous region in messenger RNA (mRNA). This region, and only this region, binds to iron regulatory protein 1, a storage protein in the cytoplasm.

“When it's bound, the mRNA is not translated; when it's free, the mRNA is translated,” Maccecchini said. “When the mRNA gets over-translated, (leading to the aggregation of these proteins), our drug stops it because it keeps it bound.”

Buntanetap is currently being assessed in Phase III trials for Parkinson’s disease, and Annovis plans to kick off a Phase II/III trial in AD this Fall. The company also intends to file a grant to study the drug in Lewy body dementia, with potential grants for both Huntington’s disease and amyotrophic lateral sclerosis (ALS) also under consideration.

While Maccecchini believes buntanetap will be effective in stopping the progression of AD, she’s aiming higher.

“If you already have dementia, stopping it is nice, but you would like to get better, right?” she said. Eventually, while it is not possible today, Maccecchini envisions buntanetap being combined with stem cell therapy. “Even if we figure out how to make (stem cells) become neurons, they'll die…because the brain has Alzheimer’s. But if our drug stops them from getting Alzheimer's, then we can actually improve cognition.”

The HGF-MET Approach

In Bothell, Washington, Athira Pharma is developing fosgonimeton, a small molecule designed to enhance the activity of hepatocyte growth factor (HGF) and its receptor, Met, with the aim of impacting neurodegeneration and regenerating brain tissue.

Athira Chief Medical Officer Hans Moebius, M.D., Ph.D. explained that the origin of plaques is inside of neurons and that this is why anti-Aβ antibodies haven’t been effective to date.

Hans Moebius_Athira Pharma“This is a lysosomal overload with amyloid fibrils and it originates inside neurons,” he told BioSpace. “These monoclonal antibodies…are entering the brain only to a minuscule fraction, about one percent. From this percent of monoclonal antibodies, I maintain that zero percent enter neurons. You cannot rescue neurons by hoping you can get your monoclonal antibody into the neuron.”

He shared that this “mechanistic consideration” has long led him to be critical of the amyloid hypothesis.

“It is amazing to me to see that we are following Einstein’s bon mot that repeating an experiment and hoping for a different outcome is the definition of stupidity,” he said. “At least what we should do is open our eyes a little bit and look with a different view on the disease.” In Moebius’ view, Alzheimer’s is “probably a family of diseases…and there are many pathophysiological processes ongoing.” 

Moebius referred to HGF-Met as being “a key neuro traffic system to maintain homeostasis in the brain.” First discovered in the liver, HGF is now known to be ubiquitous.

“In Alzheimer's disease, we know that in predilection areas like the frontal cortex and the hippocampus, we have a depletion of Met expression,” he said.

So, Athira is developing a pipeline of small molecules that aim to enter the brain and positively modulate the HGF-Met system. “Importantly, these small molecules are not agonists; they are modulators. We are not overruling the natural regulation; we can only boost the natural signal.” That, Moebius said, is a key point for safety.

Last week, Athira presented data from the Phase II proof-of-concept trial of fosgonimeton in mild-to-moderate AD. While the primary analysis did not meet statistical significance in the primary endpoint (event related potential (ERP) P300 latency), the company said the data gave meaningful insights into the drug’s potential effects. These include a statistically significant reduction in plasma levels of the validated neurodegeneration biomarker neurofilament light chain (NfL) in a pre-specified subgroup of monotherapy patients. This data will inform the larger LIFT-AD study, which has already enrolled 300 patients.

The Metabolic Hypothesis

For John Didsbury, Ph.D., president and CEO of T3D Therapeutics, amyloid could be part of the answer – but only part of it.

John Didsbury_T3DNorth Carolina-based T3D approaches AD as a brain-specific form of diabetes – type 3 diabetes –where aberrant metabolism is causing brain “starvation”, leading to loss of brain functions such as cognition. But, Didsbury said, “The metabolic hypothesis is not antithetical to the amyloid hypothesis. They're highly interrelated and they perpetuate each other.”  

Didsbury told BioSpace that three main causes of AD are interconnected in a “massive positive feedback loop”. These causes are metabolic changes, structural change (plaques and tangles) and stress. 

Insulin, Didsbury said, is the single most important regulator of brain functions, including cognitive function. “Resistance to insulin precedes seeing Alzheimer's symptoms,” he noted.

T3D set out to find a potential drug target that can bypass or correct the dysfunctional insulin signaling pathways causing this resistance. The company’s research culminated in T3D-959, which aims to break this positive feedback cycle by correcting these metabolic defects.

The drug acts to correct dysfunctional glucose energy metabolism and dysfunctional lipid metabolism found in the brains of Alzheimer’s patients. It targets multiple abnormalities, as opposed to just plaques and tangles. T3D-959 is currently being assessed in a Phase II clinical trial of mild-to-moderate AD patients.

While the company is currently blinded to the data, “We have encouraging results that are pointing to potential improvement, not just a slowing of decline, but potential improvement in cognitive performance and function and in executive function,” Didsbury shared. T3D anticipates reporting top-line results in early April 2023.

He added that these results seem to go against the "recently perpetuated mantra that you can never treat AD effectively if you're at a mild-to-moderate stage.

“We vehemently disagree with that,” he continued. “Coming from large pharma, I believe that this new mantra that you have to go early before symptoms to treat…was brought on by large pharma as [a way of] rationalizing their failures.”

With anti-Aβ antibodies, Didsbury said, “at best, you are seeing just a slowing in decline.”

Is there still hope that anti-amyloid is the answer? Are we just targeting it the wrong way? More likely, it seems, Alzheimer’s is a complex disease process that requires an integrative approach. 

https://www.biospace.com/article/a-referendum-on-anti-amyloid-antibodies-and-the-path-forward-at-aaic-/

Why UniQure Shares Are Plummeting

 

  • Tucked in its Q2 earnings releaseUniQure N.V. (NASDAQ: QURE) said that in July, it had observed suspected, unexpected severe adverse reactions (SUSARs) in two patients after they were treated with the "higher dose" of AMT-130 in a European Phase 1b/2 trial.

  • AMT-130 is a gene therapy candidate for Huntington's disease.

  • A third patient treated back in March in the U.S., had their side effect deemed unrelated to the candidate, but it was then reclassified as a severe adverse reaction after review.

  • As a result, it's halted dosing in the high-dose cohort. A safety review is ongoing and expected to complete in Q4 of 2022

  • The DSMB does not view these findings as dose-limiting toxicity, and no clear root cause has yet been identified.

  • The company added that they are considering potential risk mitigation plans over the next 2-3 months.

  • The patients were hospitalized, with the U.S. patient suffering a severe headache.

  • The company held cash and cash equivalents of $500.5 million, sufficient to fund operations into 1H of 2025.