Bing Yao, ArriVent CEO

For­mer Viela CEO Bing Yao finds his next gig — bring­ing Chi­nese R&D in­no­va­tion state­side

When Hori­zon Ther­a­peu­tics bought out Viela Bio for $53 a share, every­one won­dered what then-CEO Bing Yao would do next — in­clud­ing him­self. Three months af­ter the sale was com­plet­ed, we have an an­swer.

Yao launched Ar­riVent Bio­phar­ma on Wednes­day with up to $150 mil­lion in fund­ing and an EGFR-tar­get­ed ty­ro­sine ki­nase in­hibitor in-li­censed from Shang­hai-based Al­list Phar­ma­ceu­ti­cals. His goal? To bring in­no­va­tions from Chi­na and oth­er emerg­ing biotech hubs to the US, EU and be­yond.

“We iden­ti­fied an op­por­tu­ni­ty to glob­al­ize med­i­cines in that area,” Yao told End­points News. “We found that we can build a very strong de­vel­op­ment team to de­vel­op those com­pounds and bring them to the US.”

The move rep­re­sents the grow­ing role of Chi­na as a leader in in­no­va­tion in phar­ma R&D. Back in Jan­u­ary, No­var­tis dropped $650 mil­lion up­front to bring BeiGene’s PD-1 an­ti­body state­side. And af­ter step­ping away from his post at Mer­ck, Roger Perl­mut­ter re­cent­ly signed on as a sci­ence ad­vi­sor to the Shang­hai-based CBC Group, a promi­nent in­vest­ment group that’s been fos­ter­ing some of the big new biotech star­tups in Asia.

“We are try­ing to bring ex­ter­nal in­no­va­tions in and al­so bring our in­no­va­tions out to oth­er ge­o­graph­i­cal re­gions,” BeiGene’s SVP of ex­ter­nal in­no­va­tions Lu­song Luo told End­points a few months ago.  

Ar­riVent is plan­ning to file an IND by the end of the year for its lead can­di­date, fur­mon­er­tinib, in EGFR-mu­tat­ed non-small cell lung can­cer. The drug has al­ready been ap­proved in Chi­na for EGFR T790M mu­ta­tion-pos­i­tive lo­cal­ly ad­vanced or metasta­t­ic NSCLC, and Yao be­lieves it has the po­ten­tial to be best-in-class.

Fur­mon­er­tinib’s go­ing up against a slew of oth­ers in the red-hot EGFR-mu­tat­ed NSCLC mar­ket, in­clud­ing EQRx and Han­soh Phar­ma’s au­mol­er­tinib, which has al­so been ap­proved in Chi­na. That drug best­ed As­traZeneca’s TKI in­hibitor Ires­sa on pro­gres­sion-free sur­vival in a head-to-head tri­al, ac­cord­ing to da­ta pre­sent­ed at this year’s AS­CO, and the part­ners said they planned to pur­sue dis­cus­sions with reg­u­la­tors in “mul­ti­ple coun­tries” im­me­di­ate­ly.

While Ar­riVent’s ini­tial fo­cus will be on­col­o­gy, Yao says he’s open to lever­ag­ing can­di­dates across a broad range of de­vel­op­ment stages, from late re­search to late-stage tri­als to ap­proval.

“We have an ex­ten­sive net­work,” he added.

The Se­ries A round — led by Hill­house Cap­i­tal Group — in­cludes $90 mil­lion up­front, with an­oth­er $60 mil­lion lined up if the com­pa­ny reach­es cer­tain mile­stones. Lil­ly Asia Ven­tures, Or­biMed, Oc­ta­gon Cap­i­tal Ad­vi­sors, Boyu/Zoo Cap­i­tal, and Lyra Cap­i­tal al­so chipped in on the round.

At the In­flec­tion Point for the Next Gen­er­a­tion of Can­cer Im­munother­a­py

While oncology researchers have long pursued the potential of cellular immunotherapies for the treatment of cancer, it was unclear whether these therapies would ever reach patients due to the complexity of manufacturing and costs of development. Fortunately, the recent successful development and regulatory approval of chimeric antigen receptor-engineered T (CAR-T) cells have demonstrated the significant benefit of these therapies to patients.

Tillman Gerngross (Adagio)

Till­man Gern­gross on Omi­cron: 'It is a grim sit­u­a­tion...we’re go­ing to see a sig­nif­i­cant drop in vac­cine ef­fi­ca­cy'

Tillman Gerngross, the rarely shy Dartmouth professor, biotech entrepreneur and antibody expert, has been warning for over a year that the virus behind Covid-19 would likely continue to mutate, potentially in ways that avoid immunity from infection and the best defenses scientists developed. He spun out a company, Adagio, to build a universal antibody, one that could snuff out any potential mutation.

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In­cor­po­rat­ing Ex­ter­nal Da­ta in­to Clin­i­cal Tri­als: Com­par­ing Dig­i­tal Twins to Ex­ter­nal Con­trol Arms

Most drug development professionals are familiar with the nerve-racking wait for the read-out of a large trial. If it’s negative, is the investigational therapy ineffective? Or could the failure result from an unforeseen flaw in the design or execution of the protocol, rather than a lack of efficacy? The team could spend weeks analyzing data, but a definitive answer may be elusive due to insufficient power for such analyses in the already completed trial. These problems are only made worse if the trial had lower enrollment, or higher dropout than expected due to an unanticipated event like COVID-19. And if a trial is negative, the next one is likely to be larger and more costly — if it happens at all.

Like the flu vac­cine every year, the FDA could move quick­ly on a vari­ant-tar­get­ed Covid vac­cine

In the same way that the FDA signs off on flu vaccines every year without requiring large clinical trials to measure their efficacy, the FDA may employ a similar strategy in authorizing variant-focused versions of the mRNA vaccines.

As the world braces for more data on the latest variant Omicron, which may reduce vaccine efficacy, top vaccine developers like Moderna and Pfizer-BioNTech have promised they can pull together a new vaccine targeted against a specific Covid variant in about 100 days. Since Omicron emerged last week, Pfizer-BioNTech, Moderna and J&J have all said they’ve begun work on Omicron-specific vaccines, if needed.

Thanks­giv­ing edi­tion: Top 15 End­points sto­ries of 2021; Can you name that vac­cine?; Mer­ck­'s Covid an­tivi­ral dis­ap­points; FDA nom­i­nee's in­dus­try ties; and more

Welcome back to Endpoints Weekly, your review of the week’s top biopharma headlines. Want this in your inbox every Saturday morning? Current Endpoints readers can visit their reader profile to add Endpoints Weekly. New to Endpoints? Sign up here.

Happy Thanksgiving to all those who are celebrating it — although, if we are being honest, this week’s abbreviated edition is really for those who are not. Wherever you’re tuning in from, we appreciate your support, hope you find this recap helpful and we wish you a wonderful weekend.

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What were End­points read­ers tun­ing in­to this year? Here’s a look at our 15 most pop­u­lar re­ports of the year (so far)

At the beginning of this year, I laid out a basic objective for Endpoints News as we headed to our 5th anniversary. We’ve long been doing a fine job covering the breaking news in R&D — if I do say so myself — but we needed to expand our horizons on industry coverage, increase the staff and go much, much deeper when the stories demanded it.

In a phrase: broader and deeper.

It’s safe to say, based on our daily web traffic, that you all seemed to like this idea. We’ve doubled the staff — thanks to a growing group of paid subscribers — ramped up the daily report and now publish a regular slate of in-depth articles. And traffic — those clicks you always read about — have gone up in volume too. Monthly sessions are up 43%, to close to 1.5 million. Unique readers are up 63%, to 874,480 in October, after setting a record of close to a million the month before. Page views are running at 3 million-plus a month. And the overall number of subscribers has surged to 124,000.

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Ursula von der Leyen, President of the European Commission

Omi­cron: Re­searchers scram­ble as new coro­n­avirus mu­ta­tion takes flight around the globe — Pfiz­er/BioN­Tech, Mod­er­na vow swift re­sponse

As Americans were waking up for their Black Friday rituals, they were greeted with the news that a new mutation of the Covid-19 virus has appeared and been sequenced — after it caught an international flight to Hong Kong. And two of the leading Covid-19 vaccine developers promised delivery of a new vaccine “within 100 days” if necessary while a third spelled out its 3-prong strategy hours later.

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Nev­er too late: For­bion pitch­es $100M SPAC; Kro­nos Bio re­leas­es ear­ly in­ter­im da­ta on CDK9 in­hibitor

Dutch VC Forbion is hopping on the ever-lengthening SPAC train.

To be led by Jasper Bos, who joined Forbion Growth as a general partner back in May just after the fund closed at $428 million, Forbion European Acquisition will target late-stage opportunities in the life sciences industry in Europe to merge with and bring onto Nasdaq.

Cyril Lesser, senior controller at Forbion, will be the CFO while Bos serves as CEO.

Jeff Albers, Blueprint Medicines CEO

Look­ing past Big Phar­ma ri­vals, Blue­print buys a pre­clin­i­cal biotech for $250M+

J&J’s Rybrevant scored the first approval back in May for a small group of lung cancer patients with a rare EGFR mutation. Despite a swarm of other biopharma companies angling for a piece of that market, Blueprint Medicines is betting nearly $500 million on a candidate it thinks will stand out.

Blueprint is putting down $250 million in cash and another $215 million in biobucks for Lengo Therapeutics and its preclinical non-small cell lung cancer program LNG-451. Though it hasn’t been tested in humans, Blueprint says the candidate was “highly brain-penetrant” in preclinical trials, and has the potential to inhibit all common EGFR exon 20 insertion variants — which are found in just 2% to 3% of NSCLC patients.

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