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'Tea'-ing Off in China? Celgene Shares Lessons from Hot Market
For Celgene Corp., entering Japan proved a relatively brisk venture, said Jerome Zeldis, the company's chief medical officer, but China – where Celgene also has established itself, and is launching Revlimid (lenalidomide) this week – represents something more of a challenge for biotech and pharma firms. "I don't think any other company has ever walked into Japan, established a footprint and gotten to approval faster than we did," Zeldis said, noting that the Summit, N.J.-based firm gainedBy Randy Osborne | BioWorld Today | Friday, June 14, 2013 -
Stock Movers
BioWorld Today | Friday, June 14, 2013 -
Pharma: Clinic Roundup
Abbvie Inc., of Chicago, reported results from the CONCERTO trial testing different predefined doses of methotrexate in combination with anti-TNF-alpha drug Humira (adalimumab) in moderate to severe rheumatoid arthritis. CONCERTO showed that, at week 26, a statistically significant increasing trend was observed in the proportion of patients achieving low disease activity with an increasing dose of methotrexate when used with open-label Humira. Results were presented at the European LeagueBioWorld Today | Friday, June 14, 2013 -
Ovarian Results Carry 'Wait'; Amgen OS Data Due in 2014
Although Amgen Inc.'s top-line data from TRINOVA-1, the first of three Phase III trials evaluating trebananib, also known as AMG 386, proved positive in ovarian cancer with regard to progression-free survival (PFS), whether this will be enough for approval remains in question. The company reported that a statistically significant difference was observed in PFS, with a 34 percent knock-down in the risk of disease progression or death (hazard ratio = 0.66, 95 percent confidence interval, 0.57, 0By Randy Osborne | BioWorld Today | Thursday, June 13, 2013 -
Other News To Note
Aphios Corp., of Woburn, Mass., said it entered joint research collaboration and commercialization agreements with Vivacell Biotechnology Espana SL, of Cordoba, Spain, to develop therapeutics for multiple sclerosis and other neurodegenerative diseases of the central nervous system. Researchers collaborating with Vivacell recently discovered a class of nonpsychotropic cannabinoids that appear to have multiple activities on key molecular targets involved in neuroinflammatory and neurodegenerativeBioWorld Today | Thursday, June 13, 2013 -
Final Rule Draws Line Between Orphan Status and Exclusivity
The FDA etched a distinct line between orphan drug designation and exclusivity in a final rule released Wednesday, making it clear that getting the designation doesn't guarantee seven years of market exclusivity. A hypothesis of superiority is enough to get the designation when another drug has already been approved for the same orphan indication, but evidence of clinical superiority is needed for exclusivity, according to the rule, which amends the regulations issued in 1992 to implement theBy Mari Serebrov | BioWorld Today | Thursday, June 13, 2013 -
Clinic Roundup
Ablynx NV, of Ghent, Belgium, will make an oral and poster presentation for arthritis candidate, ALX-0061, at the Annual European Congress of Rheumatology in Madrid, Spain, showing a strong efficacy and safety profile for the drug in a Phase II study. Pooled data at 24 weeks of treatment demonstrated that ALX-0061 led to an improvement of 84 percent in ACR20 and 58 percent DAS28 remission. At all doses, the drug was well tolerated with no clinically relevant neutropenia, no clinicallyBioWorld Today | Thursday, June 13, 2013 -
Stock Movers
BioWorld Today | Thursday, June 13, 2013 -
Pharma: Clinic Roundup
Bristol-Myers Squibb Co., of New York, reported year two data from the AMPLE (Abatacept Versus Adalimumab Comparison in Biologic-Naïve rheumatoid arthritis Subjects With Background Methotrexate) trial of 646 patients comparing the safety and efficacy of the subcutaneous formulation of abatacept (Orencia) vs. adalimumab (Humira, Abbvie Inc.), each on a background of methotrexate (MTX), in biologic naïve patients with moderate to severe rheumatoid arthritis (RA). Results from the second year ofBioWorld Today | Thursday, June 13, 2013 -
PRISM Banks $15M to Fund Cancer Drug R&D for Fibrosis
TAIPEI, Taiwan – Diminutive drug discovery firm PRISM Pharma Co. Ltd., of Yokohama, Japan, has closed a Series C round of funding of approximately ¥1.4 billion (US$15 million) with the funds earmarked for upcoming clinical trials for the company's investigative oncology drug PRI-724 in non-oncology related conditions, initially fibrosis. PRI-724 is the first drug candidate developed from the company's Protein Secondary Structure Mimetic (PRISM) library, a database of compounds compiled andBy Dave Silver | BioWorld Today | Thursday, June 13, 2013 -
Directed Evolution Gets Gene Therapy to Where it's Needed
Researchers from the University of California at Berkeley have developed a method that allows them to better target gene therapy viral vectors via directed evolution. For now, they have used their method to make a vector that can more easily reach the back of the eye. But in theory, their method, which consists of multiple rounds of mutagenesis for directed evolution, could be used as a general method to develop viruses for tissues that have been challenging to reach with gene therapy. TheBy Anette Breindl | BioWorld Today | Thursday, June 13, 2013 -
Emory Taking Nonprofit DRIVE Through R&D 'Valley of Death'
Atlanta's Emory University launched a new initiative to help bridge the ever-widening gap between the laboratory discoveries that trumpet the possibility of breakthrough medical treatments and the proof-of-concept data that are needed to entice significant industry investment – known as the dreaded "Valley of Death" in the landscape of drug discovery. Emory, which in 2009 established the Emory Institute for Drug Development (EIDD), now has set up DRIVE (Drug Innovation Venture at Emory LLC), anBy Jennifer Boggs | BioWorld Today | Thursday, June 13, 2013 -
Other News To Note
Algeta ASA, of Oslo, Norway, and Avipep Pty Ltd., of Parkville, Australia, inked a collaboration to evaluate a targeted thorium conjugate based on combining Algeta's thorium-227 alpha-pharmaceutical payload with a next-generation antibody fragment, known as an Avibody, from Avipep that targets a number of solid tumor types. Avipep will provide access to an Avibody, and Algeta will provide access to chelation and conjugation technologies and its alpha particle-emitting payload. Both companiesBioWorld Today | Wednesday, June 12, 2013 -
Agios Files for $86M IPO to Support Cancer Trials
Agios Pharmaceuticals Inc., of Cambridge, Mass., filed for an initial public offering (IPO) to raise up to $86 million to fund development of its pipeline in cancer and inborn errors of metabolism (IEMs), a subset of orphan genetic metabolic diseases. Agios's partner, Celgene Corp., of Summit, N.J., agreed to concurrently purchase an as-yet undetermined amount of common stock at the public offering price. Agios' two lead cancer programs target mutations in isocitrate dehydrogenase 1 and 2By Catherine Shaffer | BioWorld Today | Wednesday, June 12, 2013 -
Dermira Takes in $35M in Funding to Enhance Pipeline
Privately held Dermira Inc. lifted its veil of silence, at least partially, to disclose $35 million in new funding. The infusion came in a Series B financing that included Japanese dermatology specialist Maruho Co. Ltd., of Osaka, and existing investors Bay City Capital, New Enterprise Associates and Canaan Partners as well as a "related transaction" that CEO Tom Wiggans coyly sidestepped. "It's a very good deal with a very good company and allows us to really drive our programs forwardBy Marie Powers | BioWorld Today | Wednesday, June 12, 2013 -
Competition Shaping up in U.S. Biosimilars Game
It's not every day that a multimillion-dollar market suddenly opens up, inviting all comers to the ground floor of competition. But that's exactly what happened when the FDA put out its "open for business" sign for biosimilars. Even before the agency issued its first draft guidances last year on developing biologic copies and began meeting with interested sponsors, drugmakers were weighing their opportunities, developing strategies for entering the field and seeking out partners to strengthenBy Mari Serebrov | BioWorld Today | Wednesday, June 12, 2013 -
Stock Movers
BioWorld Today | Wednesday, June 12, 2013 -
Clinic Roundup
Ariad Pharmaceuticals Inc., of Cambridge, Mass., said it started a Phase II trial of Iclusig (ponatinib) in adults with metastatic and/or unresectable gastrointestinal stromal tumors (GIST). The open-label study is designed to enroll about 45 patients and will provide initial data on the drug's efficacy and safety in patients with GIST following failure of prior tyrosine kinase inhibitor therapy. Patients whose tumors have an activating mutation in exon 11 of the cellular KIT, the primaryBioWorld Today | Wednesday, June 12, 2013 -
Discovery of Missing Link Points Way to Malaria Vaccine
LONDON – The identification of the exact molecule on the insides of blood vessels to which malaria parasites stick will allow an immediate start on work to develop vaccines and new therapies for severe forms of malaria, the scientists who made the discovery predict. Research published in Nature showed that the malaria parasite, Plasmodium falciparum, binds to a human protein that plays a key role in regulating blood clotting and the response to inflammation. Thomas Lavstsen, assistantBy Sharon Kingman | BioWorld Today | Wednesday, June 12, 2013 -
Hitting the BRIC Wall? Report Examines Overseas Challenges
For drug developers, it's hardly news that markets such as Brazil, Russia, India and China (BRIC) are not the once hoped-for promised land, and Frost & Sullivan has put together a report that outlines the reasons the situation may get worse. "I think the biggest challenge today for selling into BRIC for global companies is the need to understand customer segmentation and behavior – how to optimize this and ensure your product is customized to that need – trying to sell value beyond the productBy Randy Osborne | BioWorld Today | Wednesday, June 12, 2013
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