
AbbVie petitions trade commission to ban Alvotech's Humira biosimilar; Cytokinetics licenses heart drug to Chinese partner
The AbbVie/Alvotech debacle on a Humira biosimilar has taken yet another turn — escalating tensions between the two biotechs.
As first reported by STAT News, the pharma giant filed a complaint with the US International Trade Commission on Friday, trying to prevent Alvotech from selling a lower cost version of AbbVie’s Humira, an anti-TNF drug that treats rheumatoid arthritis, ankylosing spondylitis and Crohn’s disease, among other ailments.
In the complaint, the drugmaker says that Alvotech misappropriated trade secrets, and is asking the Commission to permanently ban Alvotech from doing anything with the biosimilar in the United States.
Alvotech CEO Róbert Wessman blasted AbbVie’s move.
“This action by AbbVie – which repackages the meritless allegations from a case that was thrown out of court earlier this year – is a sign of AbbVie’s weakness and concern that Alvotech’s efforts to bring a lower-cost offering to market will expose AbbVie’s long-standing abuse of the patent/legal system,” Wessman said in a statement to Endpoints News.
Humira has been a well-known cash cow for AbbVie and one of the best selling drugs of all time. The drug brought in more than $19.8 billion in revenue last year, accounting for more than 40% of AbbVie’s total revenue that year. — Paul Schloesser
Cytokinetics teams up with Shanghai biotech Ji Xing, nets $70M in near-term
South San Francisco biotech Cytokinetics has expanded its partnership with Ji Xing Pharmaceuticals — a Shanghai biotech backed by investment firm RTW investments — and reached a deal to develop and commercialize Cytokinetics’ omecamtiv mecarbil as a treatment of heart failure with reduced ejection fraction (HFrEF) in China, Hong Kong, Macau and Taiwan.
The two companies had first partnered up in July 2020 on Cytokinetics’ experimental drug aficamten, once known as CK-274 and designed to treat hypertrophic cardiomyopathies.
Omecamtiv mecarbil, originally developed by Cytokinetics and then part of a $75 million deal with Amgen in 2007, was dumped by Amgen just over a year ago after the Phase III trial GALACTIC-HF study missed its secondary endpoint — reduction of cardiovascular death. Up until the Phase III trial, the drug had been through 11 Phase I studies with over 300 patients and seven Phase II studies with over 1,400 patients since 2005.
Cytokinetics is set to receive $70 million soon, $50 million from Ji Xing in upfront and near-term payments and $20 million from RTW as proceeds for the sale of common stock. Cytokinetics will be eligible to receive up to $330 million from Ji Xing in additional milestone payments plus tiered royalties on the net sales of the drug in those Asian markets.
“We are pleased to expand our current relationship with Ji Xing to now include omecamtiv mecarbil,” said Cytokinetics CEO and president Robert Blum. — Paul Schloesser
With €300M grant, Novo Nordisk to open new stem cell research center
Novo Nordisk Foundation has pledged €300 million (about $339 million) to create a new stem cell research center.
Dubbed reNEW, the international center will be a consortium of three institutions: the University of Copenhagen, Denmark, Murdoch Children’s Research Institute, Australia, and Leiden University Medical Center, the Netherlands. Melissa Little, a professor at Murdoch, has been appointed CEO of the partnership and will lead the initiative as executive director. The governing hub will be based at the University of Copenhagen.
“Stem cell medicine truly promises to be a game changer when it comes to addressing some of the major health challenges facing the world today,” said Mads Krogsgaard Thomsen, CEO of the Novo Nordisk Foundation. “With the establishment of this new Center, the aim is not just to further stem cell-based research through international collaborations, but also to strengthen the pathway from scientific discovery to targeted outcome, whether in the form of new medical technology or new forms of treatment for the benefit of patients.”
With exchange programs and joint technology platforms built in, the center aims to encourage research into the regeneration of stem cells, fund drug screening projects and study the combination of gene editing and stem cell technologies.
Little added that the international collaboration will bring together extensive technical and clinical translation expertise in service of potential new drugs based on human stem cell models, cell and tissue therapies as well as gene therapies.
”Building on the stem cell research excellence that exists within all partner institutions, the Center will reach a critical mass that is required for translating fundamental discoveries into stem cell medicine,” she said in a statement. — Amber Tong
ARMGO Pharma has raised $35M around lead molecule in cardiac and skeletal muscle diseases
ARMGO Pharma, a small New York biotech, has raised $35 million in a financing led by Forbion, joined by VCs Pontifax and Kurma Partners.
As part of the raise, ARMGO is adding several people to the biotech’s board: Geert-Jan Mulder and Dmitrij Hristodorov from Forbion, Iyona Rajkomar from Pontifax and Peter Neubeck from Kurma.
According to the biotech, the raise will fund further development of lead asset ARM210 to treat catecholaminergic polymorphic ventricular tachycardia or CPVT, a rare form of ventricular tachycardia and sudden death caused by mutations in the ryanodine receptor 2 (RyR2). The drug is also being developed for other cardiac and skeletal muscle indications, according to the biotech.
The investment will fund Phase II clinical studies to evaluate ARM210 for CPVT, and according to the biotech, those studies will start by the end of the year. These studies will build on an ongoing Phase Ib trial in patients with mutations in RyR1 (RyR1 related myopathy) at the NIH.
ARMGO will initially aim to develop ARM210 in CPVT to provide clinical proof-of-concept, which will further de-risk developing ARM210 for other diseases, the company said. — Paul Schloesser
Aptose BioSciences throws in the towel on APTO-253, six years after FDA clinical hold
Aptose Biosciences is done with APTO-253.
The low-profile San Diego and Toronto biotech made the announcement today after reviewing the product profile and performance of the oncology drug, the company said. And for next steps, it plans to prioritize other candidates in its pipeline, such as kinome inhibitors HM43239 and luxeptinib.
“APTO-253 remains an interesting product that has demonstrated MYC repression, which creates optionality across the wider oncology spectrum. Moving forward, we plan to explore available strategic alternatives for this compound,” said Aptose CEO, chairman and president William Rice.
Aptose had given APTO-253 to the first patient back in January 2015 in a dose-escalation study involving two types of blood cancers: relapsed or refractory acute myeloid leukemia and high risk myelodysplastic syndromes, with up to 15 patients in each group. Noting a problem with infusion at a preliminary review, then linked to “chemistry and manufacturing based issues,” the company suspended the trial in November 2015 before the FDA came down with the hold, which was lifted in June 2018. — Paul Schloesser