Search This Blog

Friday, November 4, 2022

Arcus and Gilead Make Major Amendment to Phase III NSCLC Trial

 Arcus Biosciences announced during its third-quarter report Wednesday that it plans to modify its ARC-10 Phase III trial that is run in collaboration with its partner, Gilead Sciences.

The study is evaluating domvanalimab and zimberelimab versus Merck’s checkpoint inhibitor Keytruda (pembrolizumab) in locally advanced or metastatic non-small cell lung cancer (NSCLC) and now, it will no longer include a chemotherapy arm.

Holli Kolkey, vice president of corporate communications at Arcus, told BioSpace the amendment “significantly simplifies the study design” by reducing the number of arms from three to two, although the trial size will stay about the same, including 600 patients.

She added that eliminating the chemotherapy arm and including the Keytruda arm as the active comparator allowed site activation in the U.S. and Western Europe that were previously excluded from the trial based on SOC.

“By comparing the domvanalimab plus zimberelimab regimen to Keytruda, the current standard of care in this setting, we believe the study may support a competitive label if approved," Kolkey said. "It is important to note that all four of our ongoing Phase III studies with a domvanalimab-based regimen compare against the standard of care in that setting.”

Keytruda is the global standard-of-care in PD-L1-high NSCLC. The earlier trial design had three arms, comparing domvanalimab plus zimberelimab to zimberelimab alone and zimberelimab to chemotherapy. 

In addition, Arcus stated that eliminating the chemotherapy arm and including the Keytruda arm as the active comparator allowed site activation in the U.S. and other countries that were previously excluded from the trial based on SOC.

Gilead and Arcus signed a 10-year collaboration pact in May 2020. That deal granted Gilead immediate rights to zimberelimab and the right to enter into any other Arcus programs that came up during the terms of the partnership. 

In Nov. 2021, the companies amended the collaboration related to Gilead’s option exercise for three of Arcus’s then-clinical stage programs. The opt-in payments for all the programs are $150 million per program.

The two companies inked a stock purchase deal in which Gilead invested $200 million in Arcus shares. That deal was amended in Feb. 2021 related to Gilead investing another $220 million, increasing its equity stake in Arcus from 13% to 19.5%.

More Arcus-Gilead Pipeline Updates

In addition to domvanalimab, an Fc-silent anti-TIGIT antibody and zimberelimab, an anti-PD1 antibody, Arcus and Gilead are developing quemliclustat, a small molecule CD73 inhibitor, etrumadenant, a dual adenosine A2a/A2b receptor antagonist, and one other compound.

The company continues “to have strong conviction that domvanalimab plus zimberelimab has the potential to be a best-in-class anti-TIGIT / anti-PD-(L)1 regimen and to create a new standard-of-care in multiple settings,” Terry Rosen, Ph.D., CEO of Arcus, said. 

In the third quarter, the two companies launched three new combination studies involving domvanalimab and completed enrollment in the Phase II ARC-7 study of zimberelimab in NSCLC.

The companies expect numerous readouts, including a fourth interim analysis and topline data disclosure for ARC-7 in the fourth quarter. They also expect the randomized cohort of ARC-6, evaluating etrumadenant plus zimberelimab and docetaxel versus docetaxel in second-line metastatic castrate-resistant prostate cancer. 

In the first half of 2023, the companies anticipate data from ARC-9, a Phase Ib/II trial of etrumadenant-based combinations in second-line and third-line metastatic colorectal cancer.

They are also looking forward to progression-free survival and overall survival data in the first half of 2023 from the ARC-8 trial of quemliclustat plus chemotherapy with or without zimberelimab in first-line pancreatic cancer and plan to launch a Phase II EDGE-Lung trial of domvanalimab-, quemliclustat-, and zimberelimab-based combinations in advanced NSCLC by the end of this year.

“With $1.2 billion and a deep pipeline of six, soon to be eight, clinical-stage molecules, we are poised to be a leader in the development of innovative therapies for cancer patients in need,” Rosen noted.

https://www.biospace.com/article/arcus-and-gilead-modify-phase-iii-trial-protocol-in-advanced-lung-cancer/

Galapagos Turfs Fibrosis, Kidney Disease Focus in “Forward Faster” Plan

 Eleven months after taking the reins of Galapagos, Paul Stoffels is reshaping the future of the company with a “Forward Faster” strategy that will see the departure of the company’s fibrosis and kidney disease efforts and 200 staff members.

Stoffels, the longtime chief scientific officer at Johnson & Johnson, took over as CEO at the Belgium-based company earlier this year. During Galapagos’ R&D Day call Friday morning, Stoffels said the new strategy is built on three pillars that include a shift from target-based discovery to patient-centric medical need research and development in the areas of immunology and oncology.

The two other prongs of the new plan will build on the company’s capabilities with CAR-T cell therapies aimed at well-validated targets. Galapagos also intends to increase its business development efforts aimed at complementing its current pipeline. As part of that, Galapagos will continue its long partnership with Gilead Sciences in order to bring new medicines to patients across the globe, Stoffels noted.

Specifically, Galapagos’ new operating model will focus its resources on immunology and oncology, both of which will be supported by new, externally-sourced opportunities. 

With this new focus, Galapagos will discontinue its focus on fibrosis and kidney disease, according to the CEO.

The company intends to accelerate its immunology and oncology assets where it sees value in the near future, Stoffels said during the presentation. Developmental assets in the fibrosis and kidney disease area did not fit this model, he noted.

When making big changes at a company, Stoffels said one has to create a balance of what you want to accomplish versus what you’re willing to step away from.

“Can we do something transformational with Galapagos? Yes we can,” he said.

That transformational change does include some personell cuts. The company will reduce its headcount by approximately 200 positions across its sites in Europe to create room to reinvest in new capabilities and programs in the oncology franchise, Stoffels announced. He called the cuts a “difficult but necessary decision.”

Since assuming the role of CEO, Stoffels has already pushed the company along on its new path. Earlier this year, Galapagos expanded its portfolio with the acquisitions of CellPoint and AboundBio. The deals brought AboundBio’s next-generation antibody-based platform and CellPoint’s point-of-care cell therapy supply model under the Galapagos umbrella.

When CellPoint was brought into the Galapagos fold, Stoffels said it provided the company with “the people, capabilities and portfolio” to shift into the lucrative oncology space with clinical-stage programs in hand.

Upcoming Data and Trials

In oncology, Galapagos intends to present data from the ATALANTA-1 Phase I/II study of the CD19 CAR-T product candidate in patients with relapsed/refractory non-Hodgkin’s lymphoma at the annual American Society of Hematologists (ASH) conference in December.

Data from the study is expected to assess the safety and efficacy of the CAR-T that is manufactured at point-of-care and will provide clinical validation for the company’s CAR-T decentralized supply model.

Galapagos continues to recruit patients for both the ATALANTA study, as well as the EUPLAGIA study in relapsed/refractory chronic lymphocytic leukemia.

Outside of oncology, Galapagos plans to begin a Phase II study evaluating the TYK2 inhibitor GLPG3667 in dermatomyositis, an inflammatory disease marked by muscle weakness and skin rash, by the end of the year. The company is also enrolling patients in a Phase II trial in systemic lupus erythematosus, which is expected to begin next year.

Stoffels said the new strategy builds on Galapagos’ long-time history developing small molecule drugs with novel modes of action. He assured investors the company is not discarding this history. Galapagos continues to have a small molecule research organization that is now focused on immunology and oncology, rather than inflammatory, fibrotic and kidney diseases, he stated.

While the new strategy includes plans for potential M&A activity, Bart Filius, president, chief operating and financial officer at Galapagos, noted the company is not signaling plans for any multi-billion dollar acquisition but rather will look to add selective assets to its pipeline.

“We will do this on a measured scale and will be careful in doing so,” Filius said Friday, adding that the company wants to make sure any return will make sense both scientifically and financially.

https://www.biospace.com/article/galapagos-turfs-fibrosis-kidney-disease-focus-in-forward-faster-plan-/

Bayer Returns Thrombosis Drug to Ionis Despite Positive Phase II Results

 In spite of positive results Phase IIb results studying a thrombosis prevention drug, Ionis Pharmaceuticals announced Friday it is back on the market for a new partner after Bayer returned the rights to the drug.

Ionis partnered with Bayer in 2015 to develop the drug. The company, then called Isis Pharmaceuticals, received $100 million upfront. Despite now having paid out a total of $185 million under the terms of the deal, Bayer and Ionis are parting ways.

"Upon termination of the agreement, rights and licenses granted by Ionis to Bayer under the collaboration will be returned to Ionis, and Ionis will have full rights to continue the clinical development and future commercialization of fesomersen worldwide,” said Pamela Cohen, a Bayer communications representative, in a statement sent to BioSpace.

Fesomersen is an antisense medicine that targets Factor XI – a clotting factor in the liver. The latest study, RE-THINC ESRD, evaluated the drug's capabilities in patients with end-stage renal disease. It showed that patients taking fesomersen did not experience an increase in major bleeding events.

The drug also decreased Factor XI activity levels in the liver, potentially offering patients a solution to reduce blood clot risk without the bleeding.

High levels of FXI increase the risk of blood clot formation, or thrombosis. One in four people worldwide dies each year from a condition caused by thrombosis, according to the International Society on Thrombosis and Haemostasis (ISTH).

Dialysis patients are at a 2-fold increased hazard of developing pulmonary embolism than the general population. Doctors prescribe anticoagulants to help, but these drugs come with their own risk of major bleeding.

Bayer Still Active in Thrombosis Space

Bayer has two other hopefuls in the pipeline for this new class of anti-thrombotics, including a Phase II study comparing Bayer’s lead FXI inhibitor, asundexian, to Bristol Myers Squibb and Pfizer's anticoagulant, Eliquis.

In the study, asundexian resulted in lower rates of bleeding compared with the standard dose of apixaban in patients with atrial fibrillation. Parallel IIb studies are being done in patients with recent ischemic stroke and recent myocardial infarction.

The second Bayer program is for osocimab and focuses on patients with end-stage kidney disease, as with fesomersen. Results for the completed Phase II study in this group have not yet been posted.

“The decision to discontinue the development of fesomersen was a business one and follows our company’s decision to focus on the further development of asundexian,” Cohen said.

Ionis will still need a partner to help drive fesomersen forward toward approval. The company currently has a slew of partnerships in the pipeline with notable pharma companies, including six with Cambridge-based AstraZeneca.

One of the candidates in development with Astra Zeneca is for chronic kidney disease. Severe CKD patients are up to 5.5 times more likely to develop venous thrombosis.

“We are focused on getting fesomersen into the hands of a new partner to deliver it to the market and patients in need,” said Richard S. Geary, Ph.D., executive vice president and chief development officer at Ionis in the announcement.

https://www.biospace.com/article/bayer-returns-thrombosis-drug-to-ionis-despite-positive-phase-ii-results/

Bubbles In Covid Booster Vials Prompt Investigation

 Swiss drugs regulator Swissmedic said on Wednesday it is examining potential risks in connection with bubbles that appeared in vials of COVID-19 vaccine boosters retooled to target the Omicron variant of the coronavirus.

Swissmedic said it had been informed by vaccination centres of the appearance of bubbles during the preparation of the updated vaccine from Pfizer and BioNTech targeting the original version of the coronavirus and the BA.1 Omicron variant that led to a record surge in cases last winter.

"Vials of the batch concerned contained bubbles after being removed from the fridge," said Swissmedic, adding that the phenomenon seems to be accentuated when the syringes were prepared several hours in advance.

Cantons and vaccination centres have been informed as a precaution, the regulator said. It added that it was looking into possible causes.

Swissmedic had temporarily approved the booster shot in early October, but said it was too early to approve the bivalent booster targeting the currently circulating BA.4 and BA.5 Omicron subvariants in addition to the original virus, which is being used in the United States despite less available data.

A BioNTech spokesperson said Pfizer was in charge of the supply chain and distribution in Switzerland and had no further immediate comment.

https://www.yahoo.com/news/swiss-drugs-regulator-looking-bubbles-140842017.html

Insulet Improved Annual Guidance

 

  • Insulet Corp (NASDAQ: PODD) posted an adjusted EPS of $0.45 in Q3, surpassing the consensus of $0.15.

  • Insulet recorded a bottom-line dip into the red of $(5.2) million from profits of $12.6 million a year ago. However, the company registered sales growth of 23.7% Y/Y to $340.8 million, beating the consensus of $312.52 million.

  • The company reported total Omnipod automated insulin delivery system revenue of $326.1 million. Insulet initiated the full market launch of the latest-generation Omnipod 5 device in U.S. pharmacies earlier this year.

  • Additionally, Insulet recently developed a basal-only pod for individuals with type 2 diabetes. According to a news release, it plans to submit to the FDA for 510(k) clearance soon.

  • Insulet expects "another year of strong growth."

  • "We expect to deliver another year of strong growth and operational progress and enter 2023 with significant momentum across our business."

  • Guidance: For the second consecutive quarter, Insulet increased annual revenue guidance. Last quarter, it increased its projections from 12%-16% growth to 14%-17%. The company now expects a Y/Y improvement of 18%-19%.

Sensus management comments

 We continued to see good uptake on our service agreements, with approximately 40% of customers having committed to these agreements following the expiration of the one-year warranty. We expect service agreements to be a growing source of recurring revenue,” Mr. Sardano continued. “Of note, we believe the treatment of non-melanoma skin cancer is not impacted by economic uncertainty, but a recession could affect demand for aesthetic procedures. The devastation from Hurricane Ian to large parts of Florida may impact fourth quarter sales as some of our largest customers have not yet reopened their clinics. However, we are continuing to plan for growth and expect additional hiring in our sales organization.”

https://finance.yahoo.com/news/sensus-healthcare-reports-third-quarter-200500037.html

Syneos cuts guidance

 The Company updated its full year 2022 guidance for revenue primarily to reflect the impact of lower net new business awards, delays in backlog conversion, and customer delays in its FSP business within Clinical Solutions, along with the impact of foreign exchange rate fluctuations. The Company updated its full year 2022 guidance for GAAP Net Income, GAAP diluted EPS, Adjusted EBITDA and Adjusted Diluted EPS primarily to reflect lower expected revenue and the impact of foreign currency exchange rate fluctuations.

The Company's guidance takes into account a number of factors, including existing backlog, current sales pipeline, trends in cancellations and delays, trends in reimbursable out-of-pocket expenses, and the Company’s ForwardBound initiative, which includes expansion of the Syneos Operations Network, process optimization, workforce management and automation initiatives. In addition, the guidance presented below represents the Company’s best efforts to estimate economic trends, including inflation, expected interest rates, the impact of COVID-19, and the war in Ukraine on its business. Furthermore, the guidance presented below is based on foreign currency exchange rates as of September 30, 2022, expected interest rates, and the Company's expected non-GAAP effective tax rate of approximately 23.5% for the year ending December 31, 2022. The guidance is based upon the Company's estimated number of weighted average diluted shares outstanding and does not take into account any share repurchases beyond the third quarter of 2022. The Company's full year 2022 guidance is outlined below:

 

 

Updated Guidance Issued
November 4, 2022

 

 

Previous Guidance Issued
August 2, 2022

 

 

 

FY 2022

 

 

FY 2022

 

 

 

Low

 

 

High

 

 

Low

 

 

High

 

 

 

(in millions, except per share data)

 

 

(in millions, except per share data)

 

Revenue

 

$

5,300.0

 

 

$

5,360.0

 

 

$

5,440.0

 

 

$

5,540.0

 

GAAP Net Income

 

 

266.7

 

 

 

280.6

 

 

 

281.8

 

 

 

289.6

 

GAAP Diluted EPS

 

 

2.58

 

 

 

2.71

 

 

 

2.72

 

 

 

2.79

 

Adjusted EBITDA

 

 

800.0

 

 

 

830.0

 

 

 

835.0

 

 

 

865.0

 

Adjusted Diluted EPS

 

$

4.69

 

 

$

4.87

 

 

$

4.97

 

 

$

5.11

 


Webcast and Conference Call Details

Syneos Health will host a conference call at 8:00 a.m. ET on November 4, 2022, to discuss its third quarter 2022 financial results. The live webcast will be available in listen-only mode in the Events section of the Company's Investor Relations website at investor.syneoshealth.com. To participate in conference, please register in advance at this link. Upon registration, all participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

A webcast replay will be available on the Investor Relations section of the Syneos Health website at investor.syneoshealth.com after 1:00 p.m. on November 4, 2022.

https://finance.yahoo.com/news/syneos-health-reports-third-quarter-101000658.html