Boehringer In­gel­heim inks 'Sin­ga­pore's largest biotech deal,' promis­ing $1B each for a suite of an­ti-fi­brot­ic IL-11 drugs

The deep­er Boehringer In­gel­heim looks in­to Asian biotech, the more gems it seems to find. Hav­ing picked up new fi­brot­ic dis­eases drugs left and right, the Ger­man lega­cy phar­ma is bag­ging a slate of ex­per­i­men­tal ther­a­pies hit­ting an oft-over­looked cy­tokine in what’s be­ing billed as “Sin­ga­pore’s largest biotech deal.”

The tar­get of in­ter­est here is in­ter­leukin-11, or IL-11 — a “very tox­ic” pro­tein that caus­es tis­sue scar­ring and dam­age but was pre­vi­ous­ly (in­cor­rect­ly) thought of as pro­tec­tive and an­ti-fi­brot­ic, ac­cord­ing to Stu­art Cook, sci­en­tif­ic founder of En­le­ofen. The biotech is now el­i­gi­ble for $1 bil­lion in mile­stones for each an­ti­body pro­gram to emerge out of its pipeline cov­er­ing NASH, car­diac fi­bro­sis, id­io­path­ic pul­monary fi­bro­sis, and more.

Stu­art Cook, Jef­frey Lu and An­drew Khoo (En­le­ofen)

Click on the im­age to see the full-sized ver­sion

“(T)he old­er lit­er­a­ture was un­for­tu­nate­ly in­cor­rect but peo­ple be­lieved it,” Cook wrote in an email to End­points News. “While peo­ple were over­look­ing IL-11, we elu­ci­dat­ed its crit­i­cal role and broad­ened the re­search around the mech­a­nism across many dis­eases to build the broad­est IP port­fo­lio and know-how.”

Duke-NUS Med­ical School, where Cook di­rects the car­dio­vas­cu­lar and meta­bol­ic dis­or­der pro­gram, has been sup­port­ing the work with fund­ing from the Na­tion­al Med­ical Re­search Coun­cil. But as En­le­ofen ad­vanced the re­search and mapped a path to­ward the clin­ic, it be­gan look­ing for re­sources to back the hefty de­vel­op­ment pro­grams it en­vi­sioned, said di­rec­tor Jef­frey Lu.

Lu — a promi­nent fig­ure in Sin­ga­pore’s small but es­teeemed biotech cir­cle who al­so co-found­ed En­gine Bio­sciences — added that En­le­ofen is still con­tem­plat­ing its post-IL-11 fu­ture. An­drew Khoo, CEO of Tes­sa Ther­a­peu­tics, will al­so play a role in that as the third di­rec­tor along­side Lu and Cook.

Boehringer will now take over all clin­i­cal and reg­u­la­to­ry de­vel­op­ment as well as be­ing re­spon­si­ble for any com­mer­cial­iza­tion.

The En­le­ofen deal fol­lows a glob­al romp for Boehringer that saw it ink a $870 mil­lion NASH pact with South Ko­rea’s Yuhan and hand over $50 mil­lion for an au­to­tax­in in­hibitor from Ko­rea’s Bridge Bio­ther­a­peu­tics, with a fo­cus on IPF. Along the way it al­so re­served $160 mil­lion for In­flam­ma­some Ther­a­peu­tics and its long-act­ing, biodegrad­able gel for­mu­la­tion tar­get­ing the eye.

2019 Trin­i­ty Drug In­dex Eval­u­ates Ac­tu­al Com­mer­cial Per­for­mance of Nov­el Drugs Ap­proved in 2016

Fewer Approvals, but Neurology Rivals Oncology and Sees Major Innovations

This report, the fourth in our Trinity Drug Index series, outlines key themes and emerging trends in the industry as we progress towards a new world of targeted and innovative products. It provides a comprehensive evaluation of the performance of novel drugs approved by the FDA in 2016, scoring each on its commercial performance, therapeutic value, and R&D investment (Table 1: Drug ranking – Ratings on a 1-5 scale).

UP­DAT­ED: FDA’s golodirsen CRL: Sarep­ta’s Duchenne drugs are dan­ger­ous to pa­tients, of­fer­ing on­ly a small ben­e­fit. And where's that con­fir­ma­to­ry tri­al?

Back last summer, Sarepta CEO Doug Ingram told Duchenne MD families and investors that the FDA’s shock rejection of their second Duchenne MD drug golodirsen was due to some concerns regulators raised about the risk of infection and the possibility of kidney toxicity. But when pressed to release the letter for all to see, he declined, according to a report from BioPharmaDive, saying that kind of move “might not look like we’re being as respectful as we’d like to be.”

He went on to assure everyone that he hadn’t misrepresented the CRL.

But Ingram’s public remarks didn’t include everything in the letter, which — following the FDA’s surprise about-face and unexplained approval — has now been posted on the FDA’s website and broadly circulated on Twitter early Wednesday.

The CRL raises plenty of fresh questions about why the FDA abruptly decided to reverse itself and hand out an OK for a drug a senior regulator at the FDA believed — 5 months ago, when he wrote the letter — is dangerous to patients. It also puts the spotlight back on Sarepta $SRPT, which failed to launch a confirmatory study of eteplirsen, which was only approved after a heated internal controversy at the FDA. Ellis Unger, director of CDER’s Office of Drug Evaluation I, notes that study could have clarified quite a lot about the benefit and risks associated with their drugs — which can cost as much as a million dollars per patient per year, depending on weight.

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How to cap­i­talise on a lean launch

For start-up biotechnology companies and resource stretched pharmaceutical organisations, launching a novel product can be challenging. Lean teams can make setting a launch strategy and achieving your commercial goals seem like a colossal undertaking, but can these barriers be transformed into opportunities that work to your brand’s advantage?
We spoke to Managing Consultant Frances Hendry to find out how Blue Latitude Health partnered with a fledgling subsidiary of a pharmaceutical organisation to launch an innovative product in a
complex market.
What does the launch environment look like for this product?
FH: We started working on the product at Phase II and now we’re going into Phase III trials. There is a significant unmet need in this disease area, and everyone is excited about the launch. However, the organisation is still evolving and the team is quite small – naturally this causes a little turbulence.

Wuhan virus out­break trig­gers in­evitable small-biotech ral­ly

Every few years, a public health crisis (think Ebola, Zika) spurred by a rogue pathogen triggers a small-biotech rally, as drugmakers emerge from the woodwork with ambitious plans to treat the mounting outbreak. In most cases, that enthusiasm never quite delivers.

Things are no different, as the coronavirus outbreak in Wuhan, China takes hold. There have been close to 300 confirmed human infections in China, and at least four deaths. Coronaviruses are a large family of viruses, which include MERS and SARS. On Tuesday, the CDC reported the virus was detected in a US traveler returning from Wuhan.

Brex­it fears, Wood­ford woes over­shad­owed UK biotech and cut 2019 fi­nanc­ing by al­most half

The venture tide might have subsided, the IPO window may be closing and certain listed biotechs may be having a tough time amid Neil Woodford’s well-publicized demised, but there’s still plenty to celebrate in the UK BioIndustry Association’s eyes.

Overall investment in UK biotech last year fell from the record-breaking £2.2 billion levels of 2018 to £1.3 billion — including £679 million in venture capital, a meager £64 million in IPOs plus £596 million when you add up all public financings, according to a new report from the BIA.

Blue­print Med­i­cines po­ten­tial­ly de­lays Ay­vak­it de­ci­sion; Con­trol beats treat­ment in mesothe­lioma tri­al

→ Blueprint Medicines filed an amendment to its application to get the gastrointestinal stromal tumor (GIST) drug Ayvakit approved in fourth-line GIST, the company disclosed in the prospectus for a new $325 million public offering.  Blueprint got a big accelerated OK on the drug this month in a particular mutation, but because the FDA decided to split their review in two, they didn’t hear on fourth-line GIST. They were supposed to hear before February 14, but this amendment could push that date back by 3 months. Blueprint wrote that the amendment is designed to allow the company to comply with the FDA’s request for data from the Phase III Voyage trial before they give a judgment.

Io­n­is, Akcea boost­ed by a pos­i­tive PhII for their No­var­tis castoff car­dio drug — and they plan to push ahead in­to piv­otals

Late last year Novartis abandoned a cardio drug from Ionis’ spinoff Akcea just after the pharma giant snapped up inclisiran, going the RNAi way in guarding against heart disease in the $9.7 billion Medco buyout.

Now the pharma goliath — which is headed down the PCSK9 road with a drug it believes can be used in a mass population — can get a clearer picture of just what they gave up.

Akcea $AKCA and the mother company $IONS put out a statement early Wednesday saying that their Phase II study of AKCEA-APOCIII-LR delivered solid efficacy data, with the high dose clearly outperforming placebo in significantly reducing triglycerides as a means to cutting the risk of cardiovascular disease. In addition, investigators concluded that the drug slashed apoC-III, very low-density lipoprotein and remnant cholesterol while boosting “good” HDL levels.

Hal Barron and Emma Walmsley, GSK

GSK’s ‘break­through’ BC­MA can­cer drug gets a pri­or­i­ty re­view — and a big win for the on­col­o­gy R&D team

After largely whiffing the past 2 years on the pharma R&D front, GlaxoSmithKline research chief Hal Barron has seized boasting rights to a key win that puts them back in the cancer drug development game.

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Who are the young bio­phar­ma lead­ers shap­ing the in­dus­try? Nom­i­nate them for End­points' spe­cial re­port

Update: Nominations open through end of day, Monday, January 27

Two years ago, when we did our first Endpoints 20-under-40, we profiled a set of up-and-comers who promised to help reshape the industry as we know it. Now we’re back and once again looking for the top 20 biopharma professionals under the age of 40. We’ll be profiling folks who have accomplished a lot at a young age but seem on the verge of accomplishing so much more.