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Tuesday, November 1, 2022

November's Key PDUFA Catalysts

 October proved to be a mixed month for the Food and Drug Administration’s regulatory decisions. Two new molecular entities, or NMEs, were approved during the month, bringing the tally for the year-to-date period to 28.

Among the NME approvals were Johnson & Johnson 

 unit Janssen’s Tecvayli, a BCMA-targeting bispecific, for treating multiple myeloma in patients who have tried at least four prior lines of therapy. AstraZeneca plc’s  tremelimumab-durvalumab combo received the nod for treating adult patients with inoperable hepatocellular carcinoma.

On the other hand, Amicus Therapeutics, Inc.'s 

 two-component drug for treating Pompe disease, characterized by severe muscle weakness, was rejected by the FDA.



Adcom decisions were mostly negative, with a panel postponing the meeting scheduled for discussing Ispen S.A.’s IPSEY
 palovarotene capsules to treat a condition in which muscle and connective tissue such as tendons and ligaments will be gradually replaced by bones. Shares of Y-mAbs Therapeutics, Inc.  plunged about 60% on Monday on a negative Adcom verdict.

A PDUFA, or Prescription Drug User Fee Act, date is the deadline fixed by the FDA to announce its verdict regarding the approvability or non-approvability of a drug. It is a binary catalyst that can trigger big stock swings.

Seagen Seeks Another Label Expansion For Its Blood Cancer Drug

  • Company: Seagen, Inc. 
  • Type of Application: supplemental biologic license application
  • Candidate: Adcetris
  • Indication: treatment-naïve Hodgkin’s lymphoma in adults
  • Date: Nov. 16

Adcetris was first approved by the FDA in 2011 for treating Hodgkin’s lymphoma and a rare lymphoma called systemic anaplastic large-cell lymphoma. It subsequently received five label expansions, with the last one secured in November 2018.

Seagen is now seeking another expanded use for the drug. Adcetris is being evaluated in children and young adults with previously untreated, high-risk Hodgkin lymphoma.

In the recent quarter that ended in September, Adcetris fetched sales of $428 billion, up 17% year-over-year.

Can Travere Win FDA Nod For Rare Kidney Disorder Drug?

Travere announced the FDA’s acceptance of the regulatory application for priority review on May 16. The company said, if approved, sparsentan would be the first FDA-approved non-immunosuppressive treatment option for IgA nephropathy, or IgAN.

IgAN, aka Berger’s disease, is a rare kidney disorder characterized by the build-up of immunoglobin, which causes a breakdown of the normal filtering mechanisms, leading to blood and protein in the urine. It is the leading cause of primary glomerulonephritis, an end-stage kidney disease. More than 100,000 people in the U.S. are estimated to be suffering from the disorder.

Travere in-licensed the drug from Ligand, and an NDA submission by Travere will kick in a potential milestone payment of about $5.9 million for Ligand.

Provention Shrugs Off Hiccups And Looks To Take Its Diabetes Drug Past Finish Line:

Provention Bio’s teplizumab was in-licensed from MacroGenics and it is being evaluated as an option for delaying Type 1 diabetes in at-risk individuals. In July 2021, the original application was handed down a complete response letter, which cited issues with the bridging study done comparing the drug and its predecessor drug from Eli Lilly & Co. 

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The company resubmitted the application in January 2022, and it was accepted for review in March with a new PDUFA goal date of Aug. 17. In late June, the regulator came back and said it is extending the review period by three months.

Will FDA Overlook Panel Verdict On Spectrum’s Lung Cancer Drug?

  • Company: Spectrum Pharmaceuticals, Inc. 
  • Type of Application: NDA
  • Candidate: poziotinib
  • Indication: lung cancer
  • Date: Nov. 24

Poziotinib is a hydrochloride salt of poziotinib and is formulated as a tablet for oral administration. Spectrum’s NDA seeks approval of the drug for patients with previously-treated, locally-advanced or metastatic non-small cell lung cancer with HER2 exon 20 insertion mutations.

There is no FDA-approved therapy for this condition. The product has a Fast Track designation. An FDA panel, which reviewed the drug in late September, voted 9-4 that its benefits do not outweigh the risks.

‘Go’ or ‘no-Go’ For Apellis’ Eye Disorder Drug?

  • Company: Apellis Pharmaceuticals, Inc. 
  • Type of Application: NDA
  • Candidate: intravitreal pegcetacoplan
  • Indication: geographic atrophy
  • Date: Nov. 26

Waltham, Massachusetts-based Apellis announced in July that the FDA accepted the application for review. Pegcetacoplan is a C3 therapy being evaluated for the treatment of GA secondary to age-related macular degeneration.

Apellis said, citing estimates, that GA affects more than five million people worldwide and is the leading cause of blindness. It also noted that there is no currently approved therapy for GA.

See also: During The Pandemic Tuberculosis Deaths Increased, Reversing Years Of Decline: WHO Report

ImmunoGen Knocks FDA Altar For Antibody-Drug Conjugate To Treat Ovarian Cancer

  • Company: ImmunoGen, Inc. 
  • Type of Application: BLA
  • Candidate: mirvetuximab soravtansine monotherapy
  • Indication: ovarian cancer
  • Date: Nov. 28

Mirvetuximab soravtansine is an investigational antibody drug conjugate that selectively kills cancer cells. It is being investigated as a monotherapy in patients with folate alpha-high platinum-resistant ovarian cancer who have been previously treated with one to three systemic treatments.

The FDA accepted ImmunoGen’s BLA for review in late May.

SCYNEXIS Seeks To Expand The Use Of Vaginal Yeast Infection Drug:

  • Company: SCYNEXIS, Inc. 
  • Type of Application: sNDA
  • Candidate: Brexafemme
  • Indication: vulvovaginal candidiasis
  • Date: Nov. 30

Brexafemme is a novel oral antifungal approved for the treatment of vulvovaginal candidiasis, also known as vaginal yeast infection, in August. The company has now applied for approval of the same for an expanded indication. This time around, Brexafemme is being tried for the prevention of recurrent vulvovaginal candidiasis.

Can FDA Lift Y-mAbs Stock That Plunged On Adcom Verdict?

  • Company: Y-mAbs Therapeutics Inc 
  • Type of Application: BLA
  • Candidate: omburtamab
  • Indication: central nervous system/leptomeningeal metastasis from neuroblastoma.
  • Date: Nov. 30

FDA’s Oncologic Drugs Advisory Committee last week handed down a negative verdict on the application, which has dampened the odds of omburtamab scraping through. The committee voted 16 to 0 that the company had not provided sufficient evidence to conclude that omburtamab improves overall survival. The verdict sent traders scurrying away from the stock, resulting in the 60% plunge.

Nevertheless, the FDA will look into the application; therefore, the PDUFA action date of Nov. 30 stays intact. The regulator typically takes into account Adcom’s discussions while making its decision, but is not bound to go with it.

Adcom Calendar

  • FDA's Pulmonary-Allergy Drugs Advisory Committee will discuss the NDA submitted by AstraZeneca and Bond Avillion 2 Development for a fixed dose combination of budesonide and albuterol sulfate metered dose inhaler. The proposed indication is as-needed treatment or prevention of bronchoconstriction and for the prevention of exacerbations in patients with asthma 4 years of age and older. The meeting is scheduled on Nov. 8, between 10 a.m. EDT and 4 p.m. EDT.
  • The same committee will discuss Veru, Inc.’s  request for emergency use authorization for sabizabulin oral capsule for treating SARS-CoV-2 infection in hospitalized patients with moderate to severe COVID-19 infection who are at high risk of acute respiratory distress syndrome. The meeting will be held on Nov. 9, between 10 a.m. ET and 4 p.m. ET.
  • On Nov. 16, the Cardiovascular and Renal Drugs Advisory Committee will discuss the NDA for tenapanor hydrochloride tablets, submitted by Ardelyx, Inc.  for the control of serum phosphorus levels in adults with chronic kidney disease on dialysis. The Adcom will be held on Nov. 16, between 9:30 a.m. ET and 5 p.m. ET.

Baby formula maker Perrigo buying Nestle's Good Start brand, Wisconsin plant

 Infant formula manufacturer Perrigo Company Plc said on Tuesday it is buying the Good Start brand and a Wisconsin plant that makes the product from Nestle SA, as U.S. retailers recover from shortages of the good.

The deal is part of a $170 million investment that Perrigo is making in its U.S. infant formula manufacturing. The investment includes $60 million to expand the plant's capacity by roughly 100 million eight-ounce bottles each year.

U.S. retailers have been rationing formula and putting it behind lock-and-key due to a severe shortage stemming from the closure of a Sturgis, Michigan, Abbott Laboratories plant earlier this year.

The shortage has improved in recent months, with about 87% of powder baby formula in stock the week ending Oct. 23, up from about 69% three months ago, according to market research firm IRI.

Perrigo, which makes 17 store-brand infant formulas including for Walmart Inc and Target Corp, could not meet consumer demand, leading to the deal, the company said in a news release. The company's other manufacturing facilities in Ohio and Vermont have been running at 115% of capacity.

Perrigo also works as a contract manufacturer for new formula brands, including Bobbie.

Good Start is a relatively "small player" in the U.S. infant formula market, which is dominated by Abbott's Similac and Reckitt Benckiser Group Plc's Enfamil, said Tarun Malkani, the CEO of Nestle's Gerber Product's Company, in an interview.

"We invested in the U.S. in particular for years," Malkani said. "We never got the return in terms of scale or potential we hoped for."

Nestle has sent cans of specialized Alfamino formula and NAN from Europe to help try to alleviate the shortage earlier this year.

Perrigo will supply Nestle with Good Start formula so the company can fulfill its contracts with the Women, Infants and Children program, which helps poor families afford the item.

https://finance.yahoo.com/news/baby-formula-maker-perrigo-buying-200432430.html

Apollo Endosurgery, Inc. Reports Record $19.6 million Global Revenue in Third Quarter

 Grew global revenue 20% GAAP, 24% in constant currency

Received FDA authorization for Apollo ESGTM and Apollo REVISETM systems for treating patients with obesity

Apollo Endosurgery, Inc. ("Apollo") (NASDAQ:APEN), a global leader in less invasive medical devices for gastrointestinal and bariatric procedures, today announced financial results for the third quarter ended September 30, 2022 and recent corporate highlights.

  • Grew third quarter 2022 U.S. revenue by 29% and OUS revenue by 9% (18% in constant currency) over the same period in 2021;

  • Grew third quarter 2022 Endoscopic Suturing System (ESS) revenue 41% (45% in constant currency) over the same period in 2021;

  • Increased third quarter 2022 revenue from the Company's top 10 direct accounts by approximately 80% over the same period in 2021;

  • Secured FDA marketing authorizations for Apollo ESGTM and Apollo REVISETM, new endoscopic systems for treatment of patients with obesity (BMI 30-50 kg/m2); and

  • Announced publication of the landmark MERIT study for the Endoscopic Sleeve Gastroplasty procedure in The Lancet, demonstrating significant, durable weight loss results and an outstanding patient safety profile.

US FDA approval tracker: October 2022

 Several drugs got a grilling from the FDA in October, none more so than Covis’s Makena, which is used to reduce preterm birth risk. For a second time, an FDA panel recommended that Makena be removed from the market; the project received accelerated approval in 2011 but its confirmatory study failed in 2019. Now the FDA needs to follow through on its advice, with a final decision expected in the coming months. GSK’s Duvroq, a pill to manage anaemia in chronic kidney disease, had a mixed panel, being recommended for patients on dialysis but not for non-dialysis patients. On the approval front Johnson & Johnson gained a green light for Tecvayli in relapsed/refractory multiple myeloma, although the BCMA bispecific has a Rems program similar to Car-T therapies. Gilead, on the other hand, received a knockback for its hepatitis D project Hepcludex due to concerns over manufacturing and delivery. Gilead gained the project through its $1.4bn buyout of Myr two years ago. Meanwhile, Amicus will have to wait even longer for a decision on its Pompe disease candidate, which was delayed again by the FDA's inability to inspect a plant in China.

Notable first-time US approval decisions in October
ProjectCompanyIndication(s)2028e sales by indication ($m)Outcome
Tecvayli (teclistamab)Johnson & JohnsonR/r multiple myeloma 1,704Approved (accelerated)
Hepcludex (bulevirtide)Gilead/ HepateraChronic hepatitis delta virus infection in adults with compensated liver disease639CRL (concerns regarding manufacture & delivery)
Cipaglucosidase for AT-GAAAmicusPompe's disease266*Deferred again (alongside second component miglustat; lack of manufacturing site inspection)
SPN-830 apomorphine infusion deviceSupernusContinuous treatment of motor fluctuations (off episodes) in Parkinson’s disease198CRL (infusion device issues, inspections)
TislelizumabBeigene/
Novartis
2nd-line oesophageal squamous cell carcinoma83Pending
FuroscixScpharmaceuticalsCongestion in patients with worsening heart failure-Approved
Imjudo (tremelimumab) + Imfinzi (Stride regimen)AstrazenecaUnresectable hepatocellular carcinoma -Approved
*For AT-GAA product. Source: Evaluate Pharma & company releases.

 

Advisory committee meetings in October
ProjectCompanyIndication2028e SBI ($m)Outcome
Duvroq (daprodustat)GSKAnaemia due to CKD in adults on/not on dialysis35513-3 in favour for patients on dialysis, 5-11 against in non-dialysis patients
Sohonos (palovarotene)IpsenPrevention of heterotopic ossification in adults & children with fibrodysplasia ossificans progressiva152Postponed (FDA request for new information on clinical trial data)
Omblastys
(omburtamab)
Y-Mabs Neuroblastoma with CNS/leptomeningeal metastases6916-0 against, not provided sufficient evidence to conclude that omburtamab improves OS
MakenaAmag/ CovisReducing risk of preterm birth in women who have a history of singleton spontaneous preterm birth-14-1 that Makena was not effective, and that it should be removed from the market
Source: Evaluate Pharma, company releases & FDA adcom calendar.

 

Supplementary and other notable approval decisions in October
ProductCompanyIndication (clinical trial)Outcome
OxlumoAlnylamReduction of plasma oxalate in advanced primary hyperoxaluria type 1 (Illuminate-C)Approved
RinvoqAbbvieNon-radiographic axial SpA (Select-Axis 2 Study 2)Approved
BoostrixGSKImmunisation during third trimester to prevent pertussis (whooping cough) in infants under 2mths oldApproved
MenveoGSKSingle-vial presentation to prevent disease caused by meningococcal bacteria serogroups A, C, Y & W in individuals aged 10-55Approved
mRNA-1273.222 (bivalent)ModernaCovid vaccine booster dose, down to six years of ageEUA
Omicron BA.4/BA.5-adapted bivalent Covid-19 vaccinePfizer/BiontechCovid vaccine booster dose, down to five years of ageEUA
Novavax Covid-19 vaccine, adjuvanted (NVX-CoV2373)NovavaxCovid vaccine booster dose, in adults aged 18 and over (Prevent-19, Cov-Boost)EUA
Source: Evaluate Pharma & company releases.

https://www.evaluate.com/vantage/articles/insights/nme-approvals-snippets/us-fda-approval-tracker-october-2022