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Monday, July 1, 2019

Ocular Therapeutix gains on DEXTENZA launch

Ocular Therapeutix (NASDAQ:OCUL) has commercially launched DEXTENZA (dexamethasone ophthalmic insert) 0.4 mg for the treatment of ocular inflammation and pain following ophthalmic surgery, in U.S.
DEXTENZA is the first FDA-approved intracanalicular insert, that enables the delivery of drug to the surface of the eye, obviating the need for a burdensome, monthly regimen of steroid eye drops.
Shares are up 7% premarket.

PTC teams with Odylia Therapeutics on rare childhood eye disorder therapy

PTC Therapeutics (NASDAQ:PTCT) will collaborate with non-profit Odylia Therapeutics to develop novel gene therapies based on a synthetic vector called Anc80 that was developed at Massachusetts Eye and Ear.
The lead program will be RP-GRIP1, the defective protein in a rare childhood retinal dystrophy called Leber Congenital Amaurosis 6 (LCA6).
Financial terms are not disclosed.

Teva launches generic Euflexxa in U.S.

Teva Pharmaceutical Industries (NYSE:TEVAcommences the U.S. commercial launch of its generic version of Ferring B.V.’s Euflexxa (1% sodium hyaluronate) for the treatment of pain associated with osteoarthritis of the knee in patients who have failed to adequately respond to non-drug therapy and simple painkillers (e.g., acetaminophen).
Shares are up 2% premarket on light volume.

Biotech Investors: Mark Your Calendar For These July FDA Dates

The FDA went overdrive in the month of June, deciding on several regulatory applications before the July 4 holiday. There were favorable outcomes as well as disappointments.
Acer Therapeutics Inc ACER 0.26% went about a freefall, shedding about 79% in a single session after the FDA issued a complete response letter to the NDA for its rare genetic disorder drug.
Merck & Co., Inc. MRK‘s Keytruda snagged two approvals in the month – for head and neck cancer as well as lung cancer.
As the first half of the year winds down, new molecular entity approvals thus far totaled 12 compared to 20 approvals in the same time last year.
PDUFA dates are deadlines for the FDA to review new drugs. The FDA is normally given 10 months to review new drugs. If a drug is selected for priority review, the FDA is allotted six months to review the drug. These time frames begin on the date that an NDA is accepted by the FDA as complete.
Here are the key PDUFA dates to watch in July.

Karyopharm Awaits Positive Verdict After Initial Hiccups

  • Company: Karyopharm Therapeutics Inc KPTI 0.17%
  • Type of Application: NDA
  • Candidate: Selinexor in combination with dexamethasone
  • Indication: Multiple myeloma
  • Date: July 6
Selinexor, an oral selective inhibitor of nuclear export compound, is being evaluated in combination with dexamethasone for treating patients with relapsed refractory multiple myeloma who have received at least three prior therapies and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one anti-CD38 monoclonal antibody.
FDA’s Oncologic Drug Advisory Committee, which met in late February, voted 8-5 recommending the FDA wait for results from a Phase 3 study dubbed BOSTON before making a final decision regarding approval. In mid-March, the company announced the FDA extended the review period by three months to July 6.

Merck Seeks Approval For Antibiotic Combo Treatment

  • Company: Merck
  • Type of Application: NDA
  • Candidate: Combination of relebactam with imipenem/cilastatin
  • Indication: Complicated urinary tract infection and complicated intra-abdominal infections
  • Date: July 16
Merck communicated FDA acceptance of the application Feb. 5. The application is supported by the results of the pivotal Phase 3 RESTORE-IMI 1 trial.

Celgene Knocks The FDA Altar For Expanded Indication Of Psoriasis Drug

  • Company: Celgene Corporation CELG 0.01%
  • Type of Application: sNDA
  • Candidate: Otezla
  • Indication: Behҫet’s disease
  • Date: July 21
Otezla has been already been approved for psoriatic arthritis and plaque psoriasis. Incidentally, Bristol-Myers Squibb Co BMY, which has agreed to acquire Celgene, decided to divest Otezlain a bid to appease regulators.
Bechet’s disease is a rare disorder that causes blood vessel inflammation throughout the body, manifesting as mouth sores, eye inflammation, skin rashes and lesions.

Biohaven’s Neurological Disorder

  • Company: Biohaven Pharmaceutical Holding Co Ltd BHVN 0.09%
  • Type of Application: 510(b)(2)NDA
  • Candidate: BHV-0223
  • Indication: Amyotrophic lateral sclerosis
  • Date: July (date not specified)

Adcom Calendar

FDA’s Psychopharmacologic Drugs Advisory Committee will discuss Intra-Cellular Therapies Inc ITCI 0.15%‘s NDA for lumateperone tosylate capsules for oral administration in treating schizophrenia.

Sarepta target raised to $220 from $188 by RBC

Maintains Outperform

Amicus Therapeutics inks deal with Brammer Bio for gene therapy programs

Amicus Therapeutics (NASDAQ:FOLD) has entered into a strategic manufacturing collaboration with Thermo Fisher Scientific (NYSE:TMO).
Thermo Fisher and Amicus will collaborate to develop platform manufacturing capabilities to support the broader portfolio of AAV gene therapy programs.
Current R&D production technologies and capabilities related to the Amicus preclinical and clinical-stage gene therapy programs for CLN6, CLN3, and other potential Batten disease programs are being transferred to and developed at Thermo Fisher’s viral vector services business.
FOLD shares are up 2% premarket.

Bicycle Therapeutics up 10% premarket on positive THR-149 data

Thinly traded micro cap Bicycle Therapeutics (NASDAQ:BCYC) is up 10% premarket on light volume on the heels of encouraging data from an open-label Phase 1 clinical trial evaluating a single intravitreal injection of THR-149, a Bicycle-based plasma kallikrein inhibitor, in patients with diabetic macular edema (DME).
A rapid onset of action was observed from day 1 with an increasing improvement in best corrected visual acuity (BCVA) of up to 7.5 letters at day 14. The treatment effect was maintained (average improvement in BCVA of 6.5 letters) at day 90.
On the safety front, no dose-limiting toxicities or treatment-related adverse events were reported.
The study was conducted by licensee and collaboration partner Oxurion.
Development is ongoing.