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Thursday, September 21, 2023

Third Time Might Be a Charm for Alvotech as FDA Accepts BLA for Humira Biosimilar

 The FDA on Wednesday accepted Alvotech’s Biologics License Application for AVT02, its high-concentration and interchangeable investigational biosimilar for AbbVie’s Humira (adalimumab).

Wednesday’s news comes after the regulator turned down AVT02’s bid for interchangeability in June 2023, citing in a Complete Response Letter (CRL) “certain deficiencies” at the company’s Reykjavik, Iceland facility that needed to be resolved before another application can be considered. The FDA had issued a separate CRL in April 2023, where it pointed to similar deficiencies as the reason for blocking AVT02’s BLA.

In its resubmission, filed in September 2023, Alvotech included additional Chemistry, Manufacturing and Controls data, which the regulator is considering as a “complete response” to the concerns outlined in previous CRLs. The FDA’s verdict on AVT02 is due on Feb. 24, 2024.

“No deficiencies in our BLA have been noted by the FDA other than those associated with our facility. We now await further guidance from the FDA on timing of a reinspection, which we expect to occur in advance of the BsUFA date,” Alvotech CEO Robert Wessman said in a statement.

In the U.S., AVT02 is a monoclonal antibody that is being proposed as a biosimilar to Humira. It works via a similar mechanism of action and binds to tumor necrosis factor-alpha, preventing it from interacting with its corresponding cell surface receptors. In turn, this helps modulate the inflammatory response that is central to diseases such as rheumatoid arthritis and Crohn’s disease.

AVT02 has been approved in several international markets, including all 27 member states of the European Union, Canada, Saudi Arabia, Australia and the U.K.

Alvotech’s bid to have the biosimilar candidate approved in the U.S. had been marred with manufacturing issues. In March 2022, the company’s facility in Reykjavik got issued a warning letter from the FDA, which flagged several quality control lapses. In particular, the letter pointed to “an unacceptably high number of mold recoveries” in rooms designated for drug manufacturing.

Bacterial contamination had also exceeded acceptable levels, according to the FDA’s investigation. Making things worse were the companies corrective and preventive efforts, which were “inadequate” to ensure that such contaminations could be avoided in the future.

In a follow-up visit a year later, in March 2023, the FDA’s investigator did not detect these issues, suggesting that Alvotech had resolved them.

https://www.biospace.com/article/third-time-might-be-a-charm-for-alvotech-as-fda-accepts-bla-for-humira-biosimilar/

Wednesday, September 20, 2023

Why Is Cancer Immunotherapy Focused Evaxion Biotech Stock Trading Higher

Evaxion Biotech A/S 

 collaborated with Afrigen Biologics to develop a prophylactic vaccine based on Evaxion's EDEN-discovered gonorrhea targets.

Evaxion's Chief Scientific Officer, Birgitte Rønø, stated, "This partnership has the potential to address a serious unmet global medical need against the pathogen for which no vaccine currently exists."

Gonorrhea, caused by the bacteria Neisseria gonorrhoeae, is a sexually transmitted disease. The World Health Organization (WHO) has reported an estimated 82 million new gonorrhea infections occurring annually worldwide, with a rise in antibiotic-resistant cases.

The EDEN-discovered antigens have demonstrated high levels of protection in preclinical studies. 

This partnership will explore the expression and biological activity of the antigens in mRNA format. Following the validation phase, the partners will negotiate a subsequent agreement for clinical development and commercialization, with the opportunity to bring in additional partners.

Monday, Evaxion Biotech initiated a novel pipeline program, EVX-B3, an AI-designed vaccine candidate against an undisclosed bacterial pathogen. 

The new vaccine project will be a collaboration between Evaxion and an undisclosed leading pharmaceutical company.

https://www.benzinga.com/general/biotech/23/09/34768492/why-is-cancer-immunotherapy-focused-evaxion-biotech-stock-trading-higher-today

Updated Covid Vaccine US Rollout Hit by Insurance Coverage Delays

 As the U.S. launches a fresh round of updated COVID-19 vaccines, some patients encounter hurdles in obtaining prompt health insurance coverage for their shots.

Under the recommendation of U.S. regulators, Pfizer Inc PFEBioNTech SE BNTX and Moderna Inc's MRNA new vaccine doses have become available for all Americans aged six months and up.

While the Centers for Medicare & Medicaid Services, select healthcare providers, and CVS Health Corp CVS confirm temporary coverage delays, they reassure that COVID-19 vaccines can be accessed at no cost through insurance plans. 

These delays are attributed to insurers updating their policies to incorporate the new vaccines, CNBC noted.

Social media reports reveal patients being charged between $125 and $190 for their shots, with some being informed that their insurance plans do not yet cover the new vaccines.

The rollout also coincides with a significant shift in the coverage of COVID-19 vaccines in the U.S., with manufacturers now directly selling vaccines to healthcare providers at over $120 per dose. 

Previously, the federal government acquired vaccines at a discount for free distribution to all Americans.

CVS notes that some payers are still updating their systems and may be unprepared to cover the updated COVID-19 vaccines. 

Healthcare provider Elevance Health Inc ELV encourages pharmacies to resubmit COVID-19 vaccine claims to ensure a $0 copay for patients, expressing confidence that coverage delays will be swiftly resolved.

https://www.benzinga.com/general/biotech/23/09/34769704/updated-covid-vaccine-us-rollout-hit-by-insurance-coverage-delays-what-it-means

AMGEN LAUNCHES PARTNERS OF CHOICE NETWORK OF 8 LEADING ONCOLOGY ACADEMIC CENTERS

 Amgen (NASDAQ:AMGN) today announced the launch of Amgen Partners of Choice, a new network that brings together Amgen's oncology research and development experts and world-class clinical leaders at eight research centers across the globe. As part of Amgen's mission to improve care through partnerships across the healthcare ecosystem, the network fosters academic collaboration to advance new treatment options for patients with the greatest unmet needs. The member institutions are:

-  Asan Medical Center (Seoul, South Korea)
-  Dana-Farber Cancer Institute (Boston)
-  West German Cancer Center at University Hospital Essen (Essen, Germany)
-  Gustave Roussy (Paris)
-  Memorial Sloan Kettering Cancer Center (New York)
-  Peter MacCallum Cancer Centre (Melbourne, Australia)
-  University Health Network's Princess Margaret Cancer Centre (Toronto)
-  Vall d'Hebron Institute of Oncology (Barcelona, Spain)

https://finance.yahoo.com/news/amgen-launches-partners-choice-network-200000275.html

United Healthcare Sued for Denying Covid Vax Religious Exemption

 The EEOC has filed a religious discrimination lawsuit against United Healthcare Services Inc. in Ohio, the agency said Wednesday.

United allegedly didn’t grant a clinical administration supervisor who was a full-time telecommuter a religious exemption from the company’s Covid-19 vaccine requirement, according to the Equal Employment Opportunity Commission.

https://news.bloomberglaw.com/daily-labor-report/united-healthcare-sued-for-denying-covid-vax-religious-exemption

Japan chip tool firm Kokusai Electric plans to list on Oct. 25

Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25, setting the stage for what could be Japan's largest initial public offering (IPO) in five years. 

ttps://www.marketscreener.com/quote/stock/KOKUSAI-CO-LTD-6814879/news/Japan-chip-tool-firm-Kokusai-Electric-plans-to-list-on-Oct-25-44891701/

Valneva's half-year loss narrows on strong travel vaccine demand

 French vaccine maker Valneva on Thursday reported a smaller half-year loss, as a rebound in global tourism boosted sales of its travel vaccines Ixiario and Dukoral.

The group's net loss narrowed to 35.0 million euros ($37.2 million) in the first half of 2023, from a loss of 171.5 million a year earlier.

"We delivered another strong quarter of growth, leading our first half vaccine sales to more than double year-over-year, while continuing to progress our clinical studies," Chief Financial Officer Peter Bühler said in a statement.

Half-year product sales reached 69.7 million euros, versus 33.3 million in the prior year, also helped by price increases.

The drugmaker is betting on its vaccine candidates for tick-borne Lyme disease and mosquito-borne Chikungunya, as it seeks to bounce back from its COVID-19 vaccine disappointment.

The European Commission last year dropped nearly all of its orders for Valneva's COVID vaccine, which all but decimated the shot's value for the company.

The Chikungunya vaccine candidate is being reviewed by the U.S. Food and Drug Administration, which is set to give its decision at the end of November. The Lyme disease vaccine, developed in partnership with Pfizer, is going through a phase 3 trial.

Valneva reiterated its 2023 outlook for a revenue of 220-260 million euros, of which 130-150 million in product sales.

https://news.yahoo.com/valnevas-half-loss-narrows-strong-054652806.html