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Tuesday, July 11, 2023

Viridian Poised to Challenge Horizon in Thyroid Eye Disease

 Preliminary findings from a small Phase I/II study showed that Viridian Therapeutics’ investigational antibody VRDN-001 induces rapid and clinically meaningful improvements in the signs and symptoms of thyroid eye disease, the company announced Monday.

After six weeks of treatment, patients who were given the 10-mg/kg dose of VRDN-001 saw a 1.8-mm decrease in proptosis, which refers to the eye’s abnormal protrusion and is a major hallmark of thyroid eye disease (TED). Meanwhile, the lower 3-mg/kg dose induced a 1.5-mm reduction in proptosis.

These early-stage clinical efficacy data for VRDN-001 come on the heels of Horizon’s Phase IV Tepezza (teprotumumab-trbw) findings, which was approved in January 2020 for TED. In April 2023, the Irish biotech released post-approval performance data showing that Tepezza reduced proptosis by around 2.4 mm after 24 weeks of treatment.

Meanwhile, Tepezza’s label indicates a proptosis decrease of 2.5 mm to 2.8 mm after 24 weeks, according to two studies that contributed to its approval.

As with all cross-trial comparisons, however, definitive conclusions about relative efficacies cannot be drawn without direct, head-to-head studies. This is even more true due to crucial differences between Horizon’s and Viridian’s trials, including study phase, sample size and various patient characteristics.

In their studies, Viridian and Horizon measured proptosis using exophthalmometry, the most common technique used to assess the eyeball’s position. Viridian, however, also employed magnetic resonance imaging to evaluate eye protrusion.

Using this method, Viridian found a greater therapeutic potential to the 3-mg/kg, which reduced proptosis by 2.6 mm, as opposed to the higher 10-mg/kg dose, which only improved proptosis by 1.5 mm. The company also assessed the clinical activity score and found that both doses reduced patients’ scores by approximately two points on a seven-point scale.

In terms of safety, VRDN-001 did not induce any serious adverse events. Viridian also did not document any cases of hyperglycemic events or hearing impairments.

“Thus far, these data suggest that VRDN-001 has the potential to become an important new treatment option for managing the signs and symptoms of TED,” Kimberly Cockerham, investigator on the VRDN-001 trial, said in a statement. Cockerham is also an oculoplastic surgeon at the SENTA Clinic in San Diego, California.

Along with these early-stage data, Viridian on Monday announced amendments to its ongoing Phase III THRIVE study of VRDN-001. After discussions with the FDA—as well as with key stakeholders from the TED community—the company will now evaluate a shortened five-dose regimen of the candidate, instead of the originally planned eight-dose schedule. Topline data from THRIVE are expected by mid-2024.

Viridian is now also planning a second Phase III trial, THRIVE-2, to evaluate the safety and efficacy of VRDN-001 in chronic TED. This study is expected to begin in the third quarter of 2023 with early data by the end of next year.

https://www.biospace.com/article/viridian-poised-to-challenge-horizon-in-thyroid-eye-disease/

Novartis Drops Anti-TIGIT Checkpoint Inhibitor Partnership with BeiGene

 Swiss pharma Novartis has ended its agreement with Chinese biotech BeiGene for option rights to ociperlimab, an anti-TIGIT checkpoint inhibitor, less than two years after the collaboration began, according to BeiGene’s SEC filing on Tuesday.

Novartis paid $300 million upfront for the deal in December 2021 and BeiGene would have been eligible to receive an additional $700 million had Novartis exercised its option by the end of 2023.

Novartis’ decision to end the agreement was made after evaluating “the totality of the current information, including Phase II data, benefit/risk, competitive space, timing, development programs, and future investments," a company spokesperson told Fierce Biotech. As a result, Novartis will not proceed with a Phase III study of ociperlimab in non-small cell lung cancer (NSCLC) or a Phase II study of the drug in triple negative breast cancer, according to the spokesperson.

BeiGene in its SEC filing said that “due to the changing treatment paradigm” the company will discontinue the Phase III AdvanTIG 301 trial of ociperlimab in combination with its anti-PD-1 antibody tislelizumab versus AstraZeneca's Imfinzi (durvalumab) following concurrent chemoradiotherapy in patients with stage III unresectable NSCLC.

However, BeiGene said it will continue enrollment for the Phase III AdvanTIG 302 trial of ociperlimab in combination with tislelizumab for the first-line treatment of patients with locally advanced, unresectable or metastatic NSCLC.

“The company will carefully evaluate all available data to inform future development opportunities with ociperlimab,” according to BeiGene’s SEC filing.

Anti-TIGIT checkpoint inhibitors like ociperlimab are a relatively new technology and represent a novel immunotherapy approach to cancer treatment. TIGIT is an immune checkpoint that inhibits the body’s ability to fight cancer by inhibiting lymphocyte T cells. Some tumors have shown the ability to express TIGIT’s ligands, weakening the immune response to cancer. Anti-TIGIT checkpoint inhibitors in turn disrupt the TIGIT pathway, preventing the localized immunosuppression caused by the tumor.

However, the technology suffered a significant setback in May 2022 after Genentech, a Roche-owned company, posted disappointing Phase III results casting doubt over other companies developing their own anti-TIGIT drugs. The Phase III SKYSCRAPER-01 trial was evaluating anti-TIGIT checkpoint inhibitor tiragolumab in combination with another drug for the treatment of NSCLC. The drug failed to meet its co-primary endpoint of progression-free survival (PFS). 

The news came on the heels of other disappointing results. In March 2022, Genentech announced that another Phase III trial of tiragolumab and Roche's Tecentriq (atezolizumab) combination with chemotherapy, this time for treatment of extensive-stage small cell lung cancer (ES-SCLC), had also failed to meet a co-primary endpoint of PFS.

However, at last month’s American Society for Clinical Oncology (ASCO) conference, anti-TIGIT drugs got a boost when Gilead Sciences and Arcus announced promising Phase II results of domvalanimab—an anti-TIGIT monoclonal antibody—in combination with other drugs that showed consistent improvement in PFS for patients with first-line metastatic NSCLC.

In addition, results presented last month by Roche at  ASCO suggested tiragolumab in combination with other drugs may be an effective treatment for liver cancer. The Phase Ib/II trial found improvements in both PFS as well as overall response rate in patients with unresectable hepatocellular carcinoma.

https://www.biospace.com/article/novartis-drops-anti-tigit-checkpoint-inhibitor-partnership-with-beigene/

Acadia Healthcare stock sinks after jury awards $485 million in abuse case

 Acadia Healthcare Co. (ACHC) shares declined in the extended session Tuesday after the behavioral healthcare services company said it would challenge a $485 million award in a lawsuit against the company. Shares fell 3.6% after hours, following a 0.6% decline to close at $79.05. Acadia was named in five lawsuits in New Mexico, and on Friday, one of the plaintiffs was awarded compensatory damages of $80 million and punitive damages of $405 million. "This award far exceeds any reasonable expectation based on the previously resolved complaints and far exceeds any precedent for comparable cases," Acadia said in a late Tuesday filing with the Securities and Exchange Commission. "The company is evaluating all legal options and intends to challenge this verdict." The case was filed on behalf of a girl who claimed she was sexually abused in a specialized foster care program.

https://www.morningstar.com/news/marketwatch/20230711755/acadia-healthcare-stock-sinks-after-jury-awards-485-million-in-abuse-case

Rockwell Medical Acquires Hemodialysis Concentrates Business from Evoqua

 Adds profitable business that generates approximately $18 million in annual revenue and will add over $3.3 million in annual EBITDA for Rockwell Medical.

Significantly expands Rockwell Medical's geographic footprint, customer base, and product offerings; Adds fully automated manufacturing know-how and capacity.

Rockwell Medical increases its 2023 revenue guidance to between $82.0 million and $86.0 million.

Conference call and webcast will be held today at 8:00am ET

Rockwell Medical will host a live conference call and webcast today at 8:00am ET to discuss this acquisition. A replay will be available online for thirty (30) days.

Date: Tuesday, July 11, 2023
Time: 8:00am ET
Live Number: (888) 210-2212 // (International) 1 (646) 960-0390
Conference Call ID: 9066444
Webcast and Replay: www.RockwellMed.com/Acquisition

https://finance.yahoo.com/news/rockwell-medical-acquires-hemodialysis-concentrates-100000443.html

Evotec Get $40 Mln Payment As Bristol Myers Enters Global Licence Agreement

 Evotec SE (EVO) announced that Bristol Myers Squibb Company (BMY) has exercised its option to enter into a global licence agreement, which covers selected late-stage discovery programmes within neuroscience. Bristol Myers Squibb has selected an undisclosed number of programmes that were developed using Evotec's precision medicine platforms for further development within the expanded collaboration. Evotec received a $40 million payment and is eligible to earn performance milestone payments, as well as tiered royalties up to low double-digit percentages on product sales.

The companies originally entered the neurodegeneration partnership in 2016. They extended and expanded the partnership for an additional 8 years in March.

https://www.nasdaq.com/articles/evotec-get-$40-mln-payment-as-bristol-myers-enters-global-licence-agreement

Bristol Myers' Opdivo extends survival in bladder cancer study

 Bristol Myers Squibb Co said on Tuesday its blockbuster cancer immunotherapy, Opdivo, in combination with chemotherapy improved survival in patients with a type of bladder cancer in a late-stage trial.

The drug met the dual main goals of extending overall survival and helping patients live without their disease worsening, in combination with chemotherapy followed by Opdivo, in the study testing it against standard-of-care chemotherapy.

Opdivo was being studied in patients with types of urothelial carcinoma, or bladder cancer, who are eligible for standard-of-care cisplatin-based chemotherapy.

The drug, first approved in 2014, is one of the top selling treatments for Bristol Myers, with analysts forecasting $8.3 billion in sales for the year, according to Refinitiv estimates.

But the drug's sales have slowed in recent years after rival Merck & Co's Keytruda, which was approved in 2016, became the market leader in the treatment for the most common form of lung cancer. In 2017, the U.S. Food and Drug Administration approved the use of Opdivo to include the treatment of some types of bladder cancer.

It was also approved by the FDA a few years later, as an adjuvant or follow-up treatment for bladder cancer patients who are at a high risk of recurrence after undergoing radical resection.

Bladder cancer is the tenth most common form of the disease in the world, with more than 573,000 new cases diagnosed annually, according to Bristol Myers.

https://finance.yahoo.com/news/1-bristol-myers-bladder-cancer-114307334.html

Anixa Biosciences Announces Issuance of Canadian Patent for its CAR-T Cancer Therapy Tech

 Anixa Biosciences, Inc. ("Anixa" or the "Company") (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that the Canadian Intellectual Property Office has issued Canadian Patent 2,989,807 covering Anixa's novel Chimeric Antigen Receptor-T cell (CAR-T) cancer treatment technology, which has been licensed from The Wistar Institute and is being developed in partnership with Moffitt Cancer Center.

The patent, entitled "Methods and Compositions for Treating Cancer," covers a nucleic acid that encodes a chimeric protein whose domains can be used to treat certain types of cancer by binding to specific hormone receptors and activating T cells. The patent was invented by Drs. Jose Conejo-Garcia and Alfredo Perales-Puchalt, both formerly of The Wistar Institute, to which the patent is assigned, along with Anixa's majority-owned subsidiary, Certainty Therapeutics, Inc., which is the exclusive, world-wide licensee.

https://finance.yahoo.com/news/anixa-biosciences-announces-issuance-canadian-123000003.html