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Tuesday, August 1, 2023

What's going on with Adamis

 Adamis Pharmaceuticals Corporation 

 shares are trading higher today, and the stock began trading on the REG SHO Threshold Security List.

Monday, the company, in an SEC filing, said it sold certain assets related to its discontinued pharmacy compounding business. The company sold the land, building, and certain intellectual property assets related to its discontinued compounding business to FarmaKeio Pharmacy Network for around $2 million.

On Friday, Adamis announced to fund an unrestricted research grant to the Leiden University Medical Center Anesthesia and Pain Research Unit.

The objective of this collaboration with Adamis will be to assess the efficacy of 5mg intramuscular Zimhi versus 4mg of intranasal naloxone, which is comparable to Narcan and the respective number of doses required to reverse fentanyl-induced respiratory depression.

Adamis stock is gaining on heavy volume, with a session volume of 15.74 million shares traded, compared to the trailing 100-day volume of 154.573K shares.

According to data from Benzinga Pro, CFRX has a 52-week high of $28 and a 52-week low of $1.31.

Adamis Pharmaceuticals merged with DMK Pharmaceuticals Corporation after the company initiated a process to explore a range of strategic and financing alternatives.

The company also announced a 1-for-70 reverse stock split in May.

https://www.benzinga.com/general/biotech/23/08/33500802/adamis-pharmaceuticals-stock-soars-to-more-than-double-whats-going-on

Milk Powder Price Sinks to Three-Year Low as Dairy Demand Wanes

 Whole milk powder auction prices have slumped to a three-year low amid signs that demand for dairy products is waning.

The average price for whole milk powder fell to $2,864 a ton at the GlobalDairyTrade auction overnight, the lowest since June 2020. The weighted index for whole milk powder dropped 8% from the previous auction, while the index for all dairy products declined 4.3%.

Prices have tumbled almost 40% from a record $4,757 in March 2022 as a weak Chinese economy damps demand at the same time as producers are boosting output. The decline suggests that New Zealand-based Fonterra Cooperative Group, the world’s largest dairy exporter, will reduce payments to its local suppliers this year.

Last week, Westpac New Zealand senior economist Nathan Penny said the ongoing sluggishness of the Chinese economy meant a downtrend in global dairy prices had been sustained much longer than expected.

Penny cut his projection for Fonterra’s milk price for the current season to NZ$7.80 per kilogram of milksolids from his previous forecast of NZ$8.90.

Fonterra has signaled it will pay NZ$8.20 for the previous season.

https://www.bloomberg.com/news/articles/2023-08-01/milk-powder-price-sinks-to-three-year-low-as-dairy-demand-wanes

Guardant resolves litigation with Illumina, agrees to advance commercial partnership, cancer research

 Guardant Health, Inc. (NASDAQ: GH), a leading precision oncology company, today announced an agreement with Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, that resolves their pending litigation and promotes a shared resolution to advance the companies’ long-term, commercial partnership.

The three-year agreement includes a joint request to dismiss with prejudice the pending litigation between the companies, including any allegations related to the subject intellectual property. The companies have also extended their long-standing commercial relationship by agreeing to collaborate on the sharing of specimen samples to advance cancer research, and by entering into a new long-term purchase and supply commitment.

https://finance.yahoo.com/news/guardant-resolves-pending-litigation-illumina-200500893.html

Exact Sciences Reports Sixth Big Sales Quarter

Exact Sciences (EXAS) reported its sixth consecutive quarter of double-digit sales growth Tuesday. But EXAS stock interrupted its 10-month run in after-market trading and plunged almost 5%.

The company makes Cologuard, a noninvasive method of testing stool for signs of colorectal cancer. Total revenue — which includes other diagnostic tests — climbed 19% to $622.1 million. That beat expectations for $601 million, according to FactSet. But Evercore ISI analyst Vijay Kumar says screening revenue came in slightly below whispered expectations.

"Total screening revenue grew 31% and compares with about 45% growth in the past two quarters," he said in a note to clients. He added the second quarter had a tougher year-earlier comparator period.

Exact Sciences also reported lighter-than-expected losses of 45 cents per share, narrowing from a loss of 94 cents a share during the same three months last year.

With the earnings release, EXAS stock fell 4.9% near 91.70. Exact Sciences stock is in Cathie Wood's ARK Innovation (ARKKexchange-traded fund. The ETF owns almost 4% of EXAS stock.

EXAS Stock: Screening Sales Surge

The lion's share of growth came from Exact Sciences' screening products, like Cologuard. Sales surged to $462.8 million. The precision oncology business, which includes a breast cancer recurrence test called Oncotype DX, brought in $157.2 million, rising 2%.

Both segments topped predictions for $451 million and $149 million, respectively, though some investors wanted that screening number to be a "tad" higher, Evercore's Kumar said.

Like Pfizer (PFE) and Merck (MRK), Exact Sciences also reported a decline for its Covid products. Revenue from Covid tests tumbled 84% to $2.1 million. But that topped EXAS stock analysts' calls for $1 million, FactSet shows.

Exact Sciences raised its outlook for the year. It now expects roughly $2.44 billion to $2.47 billion in sales. That includes $1.82 billion to $1.84 billion from screening products, $615 million to $625 million from precision oncology and $6 million on Covid testing sales.

EXAS stock analysts had predicted full-year sales of $2.42 billion.

https://www.investors.com/news/technology/exas-stock-cologuard-sales-surge-as-exact-sciences-run-continues/

Key mechanism in Parkinson's IDd

 Yulan Xiong, assistant professor of neuroscience at UConn Health, and her team have discovered that a regulator compound holds the potential to treat Parkinson's disease.

Scientists have known that, in most familial cases, Parkinson's disease is caused by a genetic mutation in a gene called LRRK2.

This gene has multiple functions in the brain and other parts of the body including regulating cell function and transmitting signals.

With Parkinson's disease, mutation to LRRK2 does not cause the protein it codes for, daradarin, to become deformed. Instead, the body begins producing too much of the protein.

Until now, scientists did not know how to control this  because they didn't understand the mechanisms underlying it.

The Xiong lab has solved this mystery with their novel study identifying an LRRK2 regulator, an enzyme called ATIC, and a potential pharmaceutical treatment. Xiong recently published these findings in The EMBO Journal.

Xiong and her lab first performed a genome-wide screening to identify  that could be LRRK2 regulators in yeast cells.

Xiong and her Ph.D. student Qinfang Liu quickly realized that something important was going on at the mRNA level. When  need to make a protein, they are copied into mRNA—the instructions to the rest of the cell for how to build the protein.

The ATIC enzyme was regulating LRRK2 at the mRNA level, not at the protein level.

"This was a surprising discovery," Xiong says. "At the beginning we did a screening, we identified a candidate, and we found that it was targeted at the mRNA level. This is a new discovery for us too."

The researchers then looked at ATIC in human neural cells, since Parkinson's disease affects the brain, as well as fruit fly and mouse models.

ATIC is responsible for purine metabolism. Purines are nitrogen bases found in meat and seafood, as well as certain vegetables and grains.

ATIC substrate brings in a  called AUF-1 to specific regions of LRRK2 mRNA. AUF-1 then recruits another DCP1/2 enzyme complex. Together they are able to reduce LRRK2 levels.

Xiong and her lab discovered that AICAr, the precursor of ATIC substrate, a drug that mimics ATIC activity, can significantly repress LRRK2 levels.

"We used a primary neuronal culture to see how those candidates can regulate LRRK2," Xiong says. "And we found that it can significantly regulate the LRRK2 expression."

Previous studies have focused on LRRK2's enzymatic activity. Until now, no one had looked at its larger expression network.

"Our study is the first to find out the mechanism," Xiong says. "It's also important that we identified the compound, that can directly decrease LRRK2 levels which means that we can use this compound to treat Parkinson's patients."

AICAr has shown promise in preclinical trials as a treatment for , cardiovascular diseases, and other conditions. But AICAr could not pass through the blood-brain barrier, a major limitation for its use treating Parkinson's disease.

Xiong and her collaborators are currently working on modifying AICAr to overcome this challenge.

"We wanted to modify those structures that can bring this compound past the ," Xiong says.

Xiong and her lab are working with UConn's Technology Commercialization Services (TCS) to protect and leverage this groundbreaking discovery with the goal to further advance and refine this technology for societal benefit. With TCS having already filed a non-provisional patent application for the technology, they are now facilitating connections between Xiong and prominent companies specializing in Parkinson's disease treatment.

Xiong and her lab plan to continue animal model trials and hopefully move to clinical human trials in the near future.

More information: Qinfang Liu et al, Regulation of LRRK2 mRNA stability by ATIC and its substrate AICAR through ARE‐mediated mRNA decay in Parkinson's disease, The EMBO Journal (2023). DOI: 10.15252/embj.2022113410


https://medicalxpress.com/news/2023-08-key-mechanism-parkinson-disease.html

Fructose intake driver of obesity

 Researchers at the University of Colorado Anschutz Medical Campus have officially identified a central conduit to obesity: fructose.

While fructose's contribution to obesity is well-known, a study published today in Philosophical Transactions of the Royal Society B: Biological Sciences aggregates a large amount of work to make a full argument for how fructose drives obesity and diseases such as diabetes and .

"This is an in-depth review on a hypothesis that puts nature at the center of weight gain, examining how fructose works differently than other nutrients by lowering active energy," says Richard Johnson, MD, professor at the University of Colorado School of Medicine and study lead author. "We determine a recently discovered function of fructose in survival that stores fuel in case resources become scarce. This is known as the 'survival switch,'" he says.

Fructose is the source of sweetness in fruit, but is primarily consumed in Western society as table sugar and , much different than the nutrition ingested by our ancestors ahead of lean winter months. Johnson and researchers posited that fructose works differently than other nutrients by lowering active energy, damaging mitochondria.

Study results show that fructose stimulates  and lowers resting energy metabolism, much like an animal preparing to hibernate. Further, results show that the administration of fructose can lead to weight gain, , elevated blood pressure and fatty liver among a host of other metabolic-related issues.

"This work puts together in one place the full argument for how a particular carbohydrate, fructose, might have a central role in driving obesity and diabetes," says Johnson. "This is a very exciting, new hypothesis that unites other hypotheses to point to the specific role fructose plays in the onset of obesity. And we can trace it back to our ancestors, as well as learn from hibernating animals, exactly how fructose causes this 'switch' within us."

More information: Richard J. Johnson et al, The fructose survival hypothesis for obesity, Philosophical Transactions of the Royal Society B: Biological Sciences (2023). DOI: 10.1098/rstb.2022.0230


https://medicalxpress.com/news/2023-08-fructose-intake-driver-obesity-hibernating.html

Why died Teladoc stock fall today? Amazon Clinic goes nationwid

 Teladoc Health shares closed down ~7% on Tuesday as Amazon said that its Amazon Clinic virtual health service is now available in all 50 states.

https://seekingalpha.com/news/3994726-why-did-teladoc-stock-fall-today-amazon-clinic-goes-nationwide