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Monday, August 31, 2020

I-Mab Results for 6 Months Ended June 30 and Corporate Update

Positive preliminary clinical trial results for lemzoparlimab (TJC4) demonstrate a differentiated drug profile in safety and pharmacokinetics in cancer patients

Joined the global effort against COVID-19 with plonmarlimab (TJM2) study which represents the first double-blind, placebo-controlled study evaluating anti-GM-CSF antibody in severe COVID-19 patients    

The Company expects significant pipeline updates in H2 2020 including China registrational trial with CD38 antibody felzartamab (TJ202) as third-line monotherapy for multiple myeloma; the Company also expects IND approval for eftansomatropin (TJ101), a unique long acting growth hormone in the fourth quarter of 2020 and to initiate phase 3 study subsequently

The Company hosted conference call and webcast on August 31 at 8:00 a.m. ET.

The Company will host a live conference call and webcast on August 31, 2020 at 8:00 a.m. ET. Participants must register in advance of the conference call. Details are as follows:

Registration Link:http://apac.directeventreg.com/registration/event/8959387
Conference ID:8959387

Upon registering, each participant will receive a dial-in number, Direct Event passcode, and a unique access PIN, which can be used to join the conference call.

A webcast replay will be archived on the Company’s website for one year after the conclusion of the call at http://ir.i-mabbiopharma.com.

A telephone replay will be available approximately two hours after the conclusion of the call. To access the replay, please call +1-855-452-5696 (U.S.), +61-2-8199-0299 (International), 400-632-2162 (Mainland China), or 800-963-117 (Hong Kong). The conference ID number for the replay is 8959387.


AstraZeneca’s COVID-19 vaccine candidate begins late-stage U.S. study

AstraZeneca Plc said on Monday it has begun enrolling adults for a U.S.-funded, 30,000-subject late-stage study of its high profile COVID-19 vaccine candidate.

Trial participants will receive either two doses of the experimental vaccine, dubbed AZD1222, four weeks apart, or a placebo, the company said.

The trial is being conducted under U.S. government’s Operation Warp Speed program, which aims to accelerate development, manufacturing and distribution of vaccines and treatments for COVID-19.

U.S. President Donald Trump has said a vaccine for the novel coronavirus could be available before the Nov. 3 presidential election, much sooner than most experts anticipate.

AstraZeneca, which is developing its vaccine in conjunction with Oxford University researchers, and Pfizer Inc with partner BioNTech SE have said they could have data by October to support U.S. emergency use authorization or approval of their respective vaccines.

AZD1222 is already undergoing late-stage clinical trials in Britain, Brazil and South Africa, with additional trials planned in Japan and Russia. The trials, together with the U.S. Phase III study, aim to enroll up to 50,000 participants globally.

The U.S. trial will evaluate whether the vaccine can prevent COVID-19 infection or keep the illness from becoming severe, the National Institutes of Health said in a statement here

It also will assess if the vaccine can reduce incidence of emergency department visits due to COVID-19.


Vascepa Mechanism Becomes Clearer… As Do Vessels

The mechanism behind the cardiovascular benefits of icosapent ethyl (Vascepa) was related to plaque regression and stabilization in people with atherosclerotic cardiovascular disease (ASCVD), according to the final results of EVAPORATE.

While people had lower plaque volume over time on statins and icosapent ethyl, the placebo group on statins alone showed continued progression of atherosclerosis from baseline to 18 months:

  • Low-attenuation plaque: -17% vs +109% (P=0.0061)
  • Non-calcified plaque: -19% vs +9% (P=0.0005)
  • Fibro-fatty plaque: -34% vs +32% (P=0.0002)
  • Fibrous plaque: -20% vs +1% (P=0.0028)
  • Calcified plaque: -1% vs +15% (P=0.0531)
  • Total plaque: -9% vs +11% (P=0.0019)

“These data highlight the early and substantial impact of icosapent ethyl on the atherothrombotic burden in the at-risk population,” reported Matthew Budoff, MD, of UCLA School of Medicine in Los Angeles, at a late-breaking trial session at the European Society of Cardiology virtual meeting.

EVAPORATE’s full 18-month results were simultaneously published online in European Heart Journal.

Investigators previously reported a slowing of plaque progression in the icosapent ethyl arm of the trial in the 9-month interim report.

Now, with the “widening separation of the plaque volumes” by 18 months, the “very early effect” of icosapent ethyl on imaging appears to track its increasing clinical benefit observed over time in REDUCE-IT, Budoff said.

“Markers of plaque burden have been shown to be powerful predictors of ASCVD events, as greater plaque burdens are associated with worse CV outcomes. Vulnerable plaque has been demonstrated to be a combination of LAP [low-attenuation plaque] … along with spotty calcification, a thin fibrous cap, and positive remodelling,” the EVAPORATE group noted.

“The study definitely shows a better outcome on plaque as measured by multidetector CT when comparing icosapent ethyl on plaque progression/regression. It is convincing that the drug reduced plaque volume, which would normally be expected to progress over time,” commented Philip Greenland, MD, of Feinberg School of Medicine at Northwestern University in Chicago.

However, there is still “no real understanding of how the drug does what it does clinically,” and EVAPORATE does not provide answers as to how icosapent ethyl might reduce plaque volumes, Greenland told MedPage Today.

The trial enrolled 80 people at three centers. Eligibility criteria included triglyceride levels 135-499 mg/dL and LDL cholesterol 40-115 mg/dL on statin therapy.

Study participants were randomized to icosapent ethyl 4 g/day (n=40) or mineral oil placebo (n=40). Both groups stayed on statin therapy and were told to maintain a low cholesterol diet.

CT angiography at 18 months was completed by 31 patients in the icosapent ethyl group and 37 in the placebo arm. Of those 68 patients, mean age was 57.4, and 54.4% were men. The two arms shared similar baseline characteristics.

“The study definitely shows a better outcome on plaque as measured by multidetector CT when comparing icosapent ethyl on plaque progression/regression. It is convincing that the drug reduced plaque volume, which would normally be expected to progress over time,” commented Philip Greenland, MD, of Feinberg School of Medicine at Northwestern University in Chicago.

However, there is still “no real understanding of how the drug does what it does clinically,” and EVAPORATE does not provide answers as to how icosapent ethyl might reduce plaque volumes, Greenland told MedPage Today.

The trial enrolled 80 people at three centers. Eligibility criteria included triglyceride levels 135-499 mg/dL and LDL cholesterol 40-115 mg/dL on statin therapy.

Study participants were randomized to icosapent ethyl 4 g/day (n=40) or mineral oil placebo (n=40). Both groups stayed on statin therapy and were told to maintain a low cholesterol diet.

CT angiography at 18 months was completed by 31 patients in the icosapent ethyl group and 37 in the placebo arm. Of those 68 patients, mean age was 57.4, and 54.4% were men. The two arms shared similar baseline characteristics.


The mechanism behind the cardiovascular benefits of icosapent ethyl (Vascepa) was related to plaque regression and stabilization in people with atherosclerotic cardiovascular disease (ASCVD), according to the final results of EVAPORATE.

While people had lower plaque volume over time on statins and icosapent ethyl, the placebo group on statins alone showed continued progression of atherosclerosis from baseline to 18 months:

  • Low-attenuation plaque: -17% vs +109% (P=0.0061)
  • Non-calcified plaque: -19% vs +9% (P=0.0005)
  • Fibro-fatty plaque: -34% vs +32% (P=0.0002)
  • Fibrous plaque: -20% vs +1% (P=0.0028)
  • Calcified plaque: -1% vs +15% (P=0.0531)
  • Total plaque: -9% vs +11% (P=0.0019)

“These data highlight the early and substantial impact of icosapent ethyl on the atherothrombotic burden in the at-risk population,” reported Matthew Budoff, MD, of UCLA School of Medicine in Los Angeles, at a late-breaking trial session at the European Society of Cardiology virtual meeting.

EVAPORATE’s full 18-month results were simultaneously published online in European Heart Journal.

Investigators previously reported a slowing of plaque progression in the icosapent ethyl arm of the trial in the 9-month interim report.

Now, with the “widening separation of the plaque volumes” by 18 months, the “very early effect” of icosapent ethyl on imaging appears to track its increasing clinical benefit observed over time in REDUCE-IT, Budoff said.

“Markers of plaque burden have been shown to be powerful predictors of ASCVD events, as greater plaque burdens are associated with worse CV outcomes. Vulnerable plaque has been demonstrated to be a combination of LAP [low-attenuation plaque] … along with spotty calcification, a thin fibrous cap, and positive remodelling,” the EVAPORATE group noted.

“The study definitely shows a better outcome on plaque as measured by multidetector CT when comparing icosapent ethyl on plaque progression/regression. It is convincing that the drug reduced plaque volume, which would normally be expected to progress over time,” commented Philip Greenland, MD, of Feinberg School of Medicine at Northwestern University in Chicago.

However, there is still “no real understanding of how the drug does what it does clinically,” and EVAPORATE does not provide answers as to how icosapent ethyl might reduce plaque volumes, Greenland told MedPage Today.

The trial enrolled 80 people at three centers. Eligibility criteria included triglyceride levels 135-499 mg/dL and LDL cholesterol 40-115 mg/dL on statin therapy.

Study participants were randomized to icosapent ethyl 4 g/day (n=40) or mineral oil placebo (n=40). Both groups stayed on statin therapy and were told to maintain a low cholesterol diet.

CT angiography at 18 months was completed by 31 patients in the icosapent ethyl group and 37 in the placebo arm. Of those 68 patients, mean age was 57.4, and 54.4% were men. The two arms shared similar baseline characteristics. https://tpc.googlesyndication.com/safeframe/1-0-37/html/container.html

Plaque analysis was performed using semi-automated QAngio CT software.

“There were no significant differences in basic lipid measures of total cholesterol, LDL cholesterol, HDL cholesterol, and triglyceride levels from baseline to follow-up with either therapy,” the investigators reported.

This is consistent with icosapent ethyl’s “pleiotropic, non-lipid effects,” they reasoned. “Icosapent ethyl has been shown to have anti-thrombotic, antiplatelet, anti-inflammatory, anti-oxidant, anti-arrhythmic, and pro-resolving effects which could have beneficial effects on multiple steps of the atherosclerotic pathway.”

Previous work suggested that the drug’s benefit largely depended on the concentration of omega-3 fatty acid eicosapentaenoic acid, the purity of which sets icosapent ethyl apart from other fish oil products.

A major limitation of EVAPORATE was its small sample size, Budoff acknowledged, though he said the trial was nevertheless powered to detect differences in the primary and various secondary endpoints.

The presenter also addressed prior concerns around mineral oil potentially contributing to plaque progression and adverse events in REDUCE-IT. https://tpc.googlesyndication.com/safeframe/1-0-37/html/container.html

The rate of plaque progression was similar between the mineral oil placebo of EVAPORATE and cellulose-based placebo in the Garlic5 study, “so we have high confidence that the benefits seen in this trial with icosapent ethyl represent icosapent ethyl’s beneficial effects on atherosclerosis and not harm of mineral oil,” he said.

In December, icosapent ethyl received FDA marketing approval for the reduction of cardiovascular risk in adults with elevated triglycerides.

Disclosures

EVAPORATE was funded by Amarin.

Budoff disclosed relevant relationships with Amarin, Amgen, AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb, Novo Nordisk, and Pfizer.

Primary Source

European Society of Cardiology



Which Cancer Patients are Most Susceptible to Severe Effects from COVID-19

It’s well known that COVID-19 patients with comorbidities have poorer outcomes than otherwise healthy patients. When it comes to cancer, however, the risk of death from COVID-19 also varies by tumor subtype. Research published in Lancet Oncology August 24th analyzed that risk by tumor subtype and patient demographics, looking at 1,044 patients from 60 medical centers throughout the UK.

“For the first time, we have a comprehensive analysis to determine who is more at risk of COVID-19,” Lennard Lee, DPhil, academic clinical lecturer, University of Oxford, said of the study.

As Lee and colleagues from the University of Oxford and the University of Birmingham noted in the paper, “Patients with hematological malignancies (leukemia, lymphoma, and myeloma) had a more severe COVID-19 trajectory compared with patients with solid organ tumors.” Those who recently had undergone chemotherapy faced a further, heightened risk of mortality.

Cancer patients with the least risk from COVID-19 were those with lung cancer and prostate cancer. A single variable analysis of the 1,044-patient UK Coronavirus Cancer Monitoring Project (UKCCMP) also showed a significantly lower risk of death for patients for breast cancer (0.53%) and female genital cancers (0.36%), but a significantly higher risk of death from COVID-19 among patients with prostate cancer (2.14%) and leukemia (2.3%).

As part of the study, researchers developed a chart comparing cancer types of patient with COVID-19 with the overall cancer incidence in the UK, as listed in the UK Office for National Statistics (ONS) database. It shows the average increased risk for those with leukemia was 2.82%, for myeloma 2.03%, and for lymphoma 1.63%.

When age and gender were considered, the fatality rate for those with COVID-19 and leukemia remained high, at 2.25%. Notably, under that multivariable analysis, prostate cancer was no longer associated with increased fatalities. However, breast and female genital cancers were no longer associated with reduced fatality rates. “This highlight(s) the effect of patient age and sex of case-fatality rate,” according to the researchers, co-led by Gary Middleton (University Hospitals Birmingham), Rachel Kerr (Oxford University Hospitals), and Lennard Lee (University of Oxford). 

“Using these new data, we are working fast to identify trends and correlations that will enable us to create a tiered risk assessment tool so we can more precisely define the risk to a given cancer patient and move away from a blanket ‘vulnerable’ policy for all cancer patients, in the event of a second wave of COVID-19,” Rachel Kerr, FRCP, study senior researcher, University of Oxford, said.

A review of the UKCCMP database showed that nearly 57% of the patients who had both COVID-19 and cancer were male, compared to slightly more than 51% of all cancer patients listed on the ONS database.

The study also confirmed that increased risk of morbidity and mortality for patients who are older, male (vs female), and have comorbidities, such as hypertension, chronic lung disease, diabetes, and cancer. The average age of all patients was 70. Of the 1,044 patients in the UKCCMP cohort, 319 died. For 295 of those (92.5%) the cause of death was listed as COVID-19.

While correlating COVID-19 risks for patients with specific cancer is scientifically interesting, it is the practical implication that offer the greatest value. As the study reported, “Patients with hematological malignancies were significantly more likely to require high flow oxygen, non-invasive ventilation, intensive care unit admission for ventilation and have a severe or critical disease course.” Nearly half (47.6%) had received chemotherapy within the prior four weeks, compared to nearly 30% (29.5%) of patients with other types of malignancies. Ddministration of chemotherapy was associated with a 2.09% increased risk of death during COVID-19-asociated hospitalization.

In discussing possible reasons for the linkages between recent chemotherapy for hematologic cancer and death among COVID-19 patients, the authors suggested the immunological disruption and intense myelosuppressive treatments for the cancer might allow and environment that enabled the SARS-CoV-2 virus to gain a foothold in the host, and then to progress and unleash a cytokine storm.

The overrepresentation of hematological malignancies in the UKCCMP database also may suggest increased susceptibility to viral infection, the researchers speculated. They also noted the overrepresentation of patients with “extranodal natural killer/T-cell lymphoma (ICD-10 code C86), Waldenström macroglobulinaemia (C88), and unspecified neoplasm of lymphoid, hematopoietic, and related tissue (C96). The reasons for this are unclear,” they wrote.

The researchers are careful to point out the difficulty of attributing a direct cause of death for patients with both cancer and COVID-19. Even scientific literature regarding COVID-19 and cancer shows disagreement. Some studies support this correlation and others report no correlation between chemotherapy and mortality cancer patients who have contracted COVID-19. The list of potential causes of such variations is long, and includes under- or over-representation of subgroups in the various studies, methodological differences, and early protection of some patient groups, as well as low admission rates to hospitals for patients in hospice care or nursing homes.

By correlating the type of cancer to morbidity and mortality risks, the researchers hope to enable oncologists to have better-informed risk-benefit discussions with their patients, especially since cancer management has changed during the pandemic to decrease patients’ risks of contracting COVID-19. “It is important to note that whilst cancer patients are more vulnerable, the chance of any given patient getting infected with COVID-19 remains low,” Lee emphasized.


Quiet period ends on Acutus Medical; stock rallies on analysts ratings

Analyst coverage opens up on Acutus Medical (AFIB +14.1%).

William Blair launches the online marketplace stock with a Outperform rating. Analyst Margaret Kaczor estimates sales of $11.8M in 2020, $55M in 2021, and $125.4M in 2022; he believes better outcomes—particularly for hard-to-treat cases—a better patient/care team experience, and a lower cost to treat should lead to a 120% sales CAGR through 2022.

“Acutus is poised to take share and expand the $5.7B global cardiac ablation market,” Kaczor added.

JPMorgan Chase sets an Overweight rating and price target of $39. Buy ratings have been initiated by Bank of America (PT, 38), BTIG Research (PT, 40) and BofA Securities (PT, 38). Cautious ratings are in from Canaccord Genuity (Hold).