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Monday, April 3, 2023

Phase III Failure Leaves Cytokinetics with One Last Late-Stage Hopeful

 Cytokinetics is discontinuing the Phase III COURAGE-ALS trial in amyotrophic lateral sclerosis (ALS) after its candidate, reldesemtiv, failed a planned interim analysis, the company announced Friday.

This decision comes after a Data Monitoring Committee reviewed unblinded data from COURAGE-ALS and found that reldesemtiv could not significantly improve disease severity, as measured by the ALSFRS-R scale, compared with placebo. COURAGE-ALS met the criteria for futility, and the committee recommended its termination.

Cytokinetics will also stop all reldesemtiv dosing in the open-label extension phase of COURAGE-ALS.

The Data Monitoring Committee also found no benefit associated with reldesemtiv in key secondary endpoints.

At the time of the scheduled interim analysis of about 460 COURAGE-ALS participants, more than 200 had reached the 24-week follow-up point. The interim analysis was meant to assess futility or provide for a potential increase in enrollment to boost the study’s statistical power.

Reldesemtiv is a small molecule candidate that slows the rate at which calcium is released from the regulatory troponin complex in fast skeletal muscle fibers. In turn, this mechanism of action allows reldesemtiv to sensitize sarcomeres to calcium and improve muscle contractility.

Down to the Last Candidate

Previously, the candidate failed its Phase II FORTITUDE-ALS study in May 2019 after it showed no significant effect on slow vital capacity after 12 weeks of treatment.

Despite these results, Cytokinetics drew out some positive signals of efficacy from a post hoc analysis of the data. After consulting with the FDA, the company decided to push through with a Phase III study of reldesemtiv, Robert Blum, president and CEO, Cytokinetics, told BioSpace in an email.

Friday’s Phase III data is only the latest setback for Cytokinetics.

In March, the FDA rejected the New Drug Application for omecamtiv mecarbil, the company’s candidate for heart failure, citing the lack of evidence to establish its clinical benefit. In its Complete Response Letter, the regulator noted the need for another trial to confirm that omecamtiv mecarbil’s benefits outweigh its risks.

The FDA’s rejection comes after a December 2022 meeting of the Cardiovascular and Renal Drugs Advisory Committee, where the panel voted 8-3 against the heart failure hopeful.

Cytokinetics is now down to its last late-stage candidate, aficamten, a small molecule myosin inhibitor being studied for hypertrophic cardiomyopathy (HCM). Aficamten works by disrupting the action of myosin, thereby preventing the heart muscle thickening and hypercontractility associated with HCM.

This mechanism of action will be tested in the Phase III SEQUOIA-HCM study, which kicked off in February 2022 and was undergoing site activation in November 2022. Results from this study are expected in the fourth quarter of 2023, and the company and the company expect to bat for approval by the first half of 2024, Blum said.

Cytokinetics is also looking to begin two more Phase III trials for aficamten this year, Blum said.

The candidate cleared Phase II and showed it could significantly cut the average resting left ventricular outflow tract pressure gradient in the REDWOOD-HCM study. The FDA gave aficamten its Breakthrough Therapy designation in December 2021.

https://www.biospace.com/article/phase-iii-failure-leaves-cytokinetics-with-one-last-late-stage-hopeful/

Ascendis: FDA finds deficiencies in hypoparathyroidism application

 Ascendis Pharma A/S (Nasdaq: ASND) today announced that the U.S. Food & Drug Administration (FDA) has notified the Company that, as part of their ongoing review, the FDA has identified deficiencies in the Company’s New Drug Application (NDA) for TransCon PTH (palopegteriparatide) in hypoparathyroidism that at this time precludes them from holding further discussions about labeling and post-marketing requirements/commitments. The deficiencies were not disclosed in the letter. The FDA also stated that this does not reflect their final regulatory decision on the Company’s application.

https://finance.yahoo.com/news/ascendis-pharma-provides-regulatory-reviews-110000613.html

Ocuphire corporate update

 Financial Profile Improved Markedly with Global License Agreement to Develop and Commercialize Nyxol for All Three Indications with Cash Runway into 2025

PDUFA Date of September 28, 2023 Set for Nyxol® in its First Indication, Reversal of Pharmacologically-induced Mydriasis; $10 Million Milestone Linked to Approval

Oral APX3330 Achieved Statistical Significance on a Potential Registration Endpoint for Diabetic Retinopathy in ZETA-1 Trial; End-of-Phase 2 FDA Meeting Planned

https://finance.yahoo.com/news/ocuphire-pharma-announces-financial-results-120000345.html

Why Orchestra BioMed has been jumping

 Shares of Orchestra BioMed Holdings (OBIO 26.42%) have been in an uptrend, according to data provided by S&P Global Market Intelligence. The healthcare stock closed at $12.18 last Friday and rose to as high as $17.43 on Tuesday. Orchestra BioMed has a 52-week low of $7.49 and a 52-week high of $19.18.

The medical device technology company went public via a special purpose acquisition company merger (SPAC) on Jan. 26 and is up more than 54% since it began trading. The stock rose a day after the global market intelligence company Tracxn named Orchestra BioMed to its list of top cardiac and vascular disorders start-ups.

The medical device company focuses on partnerships with medical device companies, helping them to develop new products. Its revenue will come from royalties payments, as well as double-digit revenue sharing from its products. It has a strategic partnership with Medtronic to help develop BackBeat Cardiac Neuromodulation Therapy, a potential hypertension treatment for patients with cardiac pacemakers.

The company's other flagship product is its Virtue Sirolimus AngioInfusion Balloon (SAB), which it is partnering with Terumo on. The device is designed to deliver an extended-release formulation of the antirejection drug sirolimus during a balloon angioplasty.

The reason for the excitement regarding Orchestra is both of its main pipeline candidates address large potential patient populations. The company estimates that the annual market for the BackBeat Cardiac Neuromodulation Therapy is more than $2 billion for pacemaker patients with hypertension, and possibly as much as $8 billion if approved for the larger population with serious hypertension. The market for the Virtue SAB is thought to be more than $3 billion.

The company had, as of Dec. 31, $67.8 million in cash, and last year it lost $2.7 million. If its devices win regulatory approval, the stock will likely jump much higher because it will begin to earn royalties from its partners.

https://www.fool.com/investing/2023/03/24/why-shares-of-orchestra-biomed-jumped-this-week/

OncoSec misses endpoint in combo trial

 OncoSec Medical Incorporated (NASDAQ: ONCS) (the Company or OncoSec), a clinical-stage biotechnology company developing intratumoral immunotherapies to stimulate the patient's immune system to target cancer cells and eradicate disease, today announced primary endpoint data from the Phase 2 KEYNOTE-695 clinical trial. This global, open-label single-arm trial is evaluating TAVO™-EP, OncoSec's proprietary interleukin 12 (IL–12) encoding plasmid delivered by intratumoral electroporation, in combination with KEYTRUDA® (pembrolizumab), Merck's anti-PD-1 therapy, in patients with unresectable or metastatic (Stage III/IV) melanoma who had confirmed disease progression after at least 12 weeks exposure to immediate prior anti-PD-1 antibody therapy (pembrolizumab or nivolumab). The last patient started treatment in December 2020; clinical database lock occurred in October 2022. The primary endpoint of overall response rate (ORR) per RECIST v1.1 assessed by blinded independent central review (BICR) was not met.

https://finance.yahoo.com/news/oncosec-announces-clinical-data-keynote-110000460.html

Akebia: Positive Top-Line Results from Vadadustat Alternative Dosing Study

 

  • Data demonstrated that vadadustat met the primary and secondary efficacy endpoints and was non-inferior to an ESA as a treatment for anemia due to chronic kidney disease when administered three times a week at the time of dialysis

  • Vadadustat demonstrated a similar safety profile to long-acting ESA when used three times a week

Alzamend Starts Phase I/IIA Trial for Alzheimer's Dementia Immunotherapy Vaccine

 Alzamend Neuro, Inc. (Nasdaq: ALZN) ("Alzamend"), an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease ("Alzheimer’s"), bipolar disorder, major depressive disorder ("MDD") and post-traumatic stress disorder ("PTSD"), today announced the initiation of a phase I/IIA clinical trial for its immunotherapy vaccine (ALZN002) to treat mild to moderate dementia of the Alzheimer’s type. The purpose of this trial is to assess the safety, tolerability, and efficacy of multiple ascending doses of ALZN002 compared with that of placebo in 20-30 subjects with mild to moderate morbidity. The primary goal of this clinical trial is to determine an appropriate dose of ALZN002 for treatment of patients with Alzheimer’s in a larger Phase IIB efficacy and safety clinical trial, which Alzamend expects to initiate within three months of receiving data from the initial trial.

https://finance.yahoo.com/news/alzamend-neuro-announces-initiation-phase-125000747.html