GSK vet named CEO of Chi­na CAR-T JV with Kite; Co­herus fights back against Am­gen claims it stole trade se­crets

→ Richard Wang, the for­mer site chief for GSK in Shang­hai, is tak­ing the CEO’s job at Fo­s­un Kite, a joint ven­ture es­tab­lished by Kite Phar­ma and Shang­hai Fo­s­un to ad­vance Kite’s CAR-T $KITE to the mar­ket.

→Am­gen $AMGN has filed a law­suit against Co­herus Bio­Sciences $CHRS claim­ing theft of trade se­crets, ac­cord­ing to a state­ment from the biotech. And the Red­wood City, CA-based Co­herus says it plans to de­fend it­self vig­or­ous­ly, adding that Am­gen is sole­ly in­ter­est­ed in fend­ing off com­pe­ti­tion to peg­fil­gras­tim by mount­ing a de­lay­ing ac­tion in state court. “Co­herus re­mains com­mit­ted to the im­por­tant goal of bring­ing much-need­ed biosim­i­lar drugs to the mar­ket­place,” said CEO Den­ny Lan­fear in a state­ment. “We are con­fi­dent that we will pre­vail in this ac­tion and achieve our goals of in­creas­ing pa­tient ac­cess, in­tro­duc­ing com­pe­ti­tion and of­fer­ing biosim­i­lar prod­ucts at prices com­pet­i­tive with and low­er than those main­tained by Am­gen and oth­er large phar­ma­ceu­ti­cal com­pa­nies.”

Ralph Kern, Brain­storm Cell Ther­a­peu­tics

→ Is­rael’s Brain­storm Cell Ther­a­peu­tics has re­cruit­ed a top sci­en­tist from Bio­gen. Ralph Kern has been named chief med­ical of­fi­cer of the biotech, which is work­ing on adult stem cell ther­a­pies for neu­rode­gen­er­a­tive dis­eases. Brain­storm is prep­ping for a Phase III in ALS.

→ San­ford Health has in­vest­ed $20 mil­lion in In­Gen­eron, a Hous­ton-based re­gen­er­a­tive med­i­cine com­pa­ny. “This sig­nif­i­cant in­vest­ment demon­strates San­ford’s com­mit­ment to be an ac­tive par­tic­i­pant in In­Gen­eron as well as be­ing our clin­i­cal tri­al site of choice,” said Ron Stub­bers, MBA, Pres­i­dent of In­Gen­eron. “Our joint ef­forts will en­able the com­pa­ny to make re­gen­er­a­tive cell ther­a­pies avail­able to clin­i­cal prac­tice and to es­tab­lish a lead­ing po­si­tion in the ap­pli­ca­tion of adi­pose-de­rived re­gen­er­a­tive cells.”

→ Ver­nalis and Servi­er have struck a new two-year dis­cov­ery col­lab­o­ra­tion fo­cused on on­col­o­gy. Ver­nalis has scored €2 mil­lion up­front along with fees and mile­stones to go to work seek­ing new drugs for Servi­er. “This new col­lab­o­ra­tion fur­ther val­i­dates our frag­ment-based drug dis­cov­ery plat­form and the strength and suc­cess of our re­la­tion­ship with Servi­er.  We look for­ward to work­ing to­geth­er to de­vel­op ex­cit­ing new can­cer treat­ment op­por­tu­ni­ties to add to the al­ready dis­closed suc­cess in tar­get­ing Bcl-2 and Mcl-1”, com­ment­ed Ian Gar­land, CEO of Ver­nalis.

→ Boehringer In­gel­heim is at work on a new col­lab­o­ra­tion with Van­der­bilt Uni­ver­si­ty, fo­cus­ing on the re­search and de­vel­op­ment of small mol­e­cule com­pounds tar­get­ing the pro­tein SOS (Son Of Sev­en­less). “This mol­e­cule ac­ti­vates KRAS, a mol­e­c­u­lar switch that plays a cen­tral role in the on­set of some of the dead­liest can­cers.”

From left to right: Lilian Kim, Associate Director Business Development; John Moller, CEO; Yooni Kim, Executive Director, Asia Operations; Michelle Park, Director South Korea Operations.

Novotech CRO sees 26% growth in Asia tri­al ac­tiv­i­ty from biotechs, but still plen­ty of ca­pac­i­ty

As the Asia-Pacific clinical trials sector continues to grow rapidly, Novotech the Asia-Pacific-based CRO is seeing biotech clinical activity up by 26%. But says there is still plenty of capacity in the region that features advanced medical facilities, supportive regulatory environments, and more than 2.3 billion people, largely treatment naïve, living in urban areas.

China, South Korea and Australia have the most studies registered as recruiting or about to recruit according to ClinicalTrials.Gov.

Pfizer, South San Francisco — Jeff Rumans for Endpoints News

UP­DAT­ED: Pfiz­er takes aim at a flag­ship fran­chise at Sanofi and Re­gen­eron — and scores a few di­rect hits

Count Pfizer in as a top player in the blockbuster game of JAK1 inhibitors.

Over the weekend the pharma giant posted some stellar Phase III efficacy data for their heavyweight contender abrocitinib in atopic dermatitis (eczema) that lines up ahead of a booming Dupixent (dupilumab), a blockbuster in the portfolios of Regeneron and Sanofi. And they put some real distance ahead of Eli Lilly’s trailing Olumiant, which made a delayed initial arrival on the market for rheumatoid arthritis after the FDA hobbled it with some additional hurdles on safety concerns.

JADE-MONO-1 scores well for Pfizer, teeing up what will be an intensely followed breakdown of the JADE MONO-2 data, which the pharma giant recently top-lined as “similar” to the first Phase III when tested against a placebo — a control group that has been easily outclassed by all the drugs in this market niche.

As of now, Pfizer looks to be equipped to run into the review stage — advantaged by a breakthrough therapy designation that is intended to speed up the regulatory process.

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A preda­tor's world? Top an­a­lyst sees the 'haves' and the 'haven't­s' di­verge as biotech bub­bles form — and col­lapse

Josh Schimmer

We’ve all seen the deluge of cash that’s been pouring into biotech from every angle: VCs, IPOs and follow-ons have generated billions in capital for new and emerging drug developers with ready access to some powerful new tech. But Evercore ISI’s Josh Schimmer is asking where we’re headed from here.

His answer is neither apocalyptic nor universally blissful, but if he’s right — and this is a discussion we’re hearing much, much more about at a time of growing economic and industry uncertainty — we may well be at a crossroads that could affect valuations, M&A and the entire global industry that has formed over the past 5 years.

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US mulls tar­iffs on Swiss drug ex­ports, weigh­ing on No­var­tis and Roche –  re­port

The leading Swiss newspaper has reported that the US is considering placing tariffs on pharmaceuticals from Switzerland. Roche and Novartis stock each fell 1% after the news broke.

Neue Zürcher Zeitung reported that US Trade Representative Robert Lighthizer told pharmaceutical representatives the Trump administration was considering the move. Tariffs do not appear to be in the immediate offing, but they would potentially affect Swiss giants Novartis and Roche along with other companies that manufacture in Switzerland, including Merck KGaA and US biotech Biogen, which is currently constructing a new facility in the country.

Neil Kumar, Endpoints

Bridge­Bio drops bid to re­claim Ei­dos af­ter di­rec­tors spurn 3 of­fers

A couple of months ago a newly public BridgeBio turned some heads by disclosing that it had made a bid for subsidiary Eidos Therapeutics in hopes of gobbling up the 34% stake that it doesn’t already own. Two offers later, the parties are calling it off.

A special committee of independent directors at the smaller biotech led by RA Capital’s Rajeev Shah and ex-Portola CEO William Lis first rejected the parent company’s initial offer — which would swap 1.3 BridgeBio shares for each Eidos share — on September 12. In the latest announcement, BridgeBio revealed that it eventually raised the offer to 1.5 shares and made $110 million available for all-cash or mixed consideration options, but Eidos still wasn’t interested.

Mark Foley, Revance

HR vi­o­la­tion push­es Re­vance co-founder out, vault­ing for­mer Zel­tiq chief to the helm

Months after Revance amended the terms of its Botox biosimilar collaboration with Mylan, the Newark, California-based drug developer disclosed its co-founder Dan Browne is stepping down, in what appears to be mysterious circumstances.

The company — which is also developing a rival to Allergan’s formidable Botox franchise — on Monday said Browne is departing “due to misjudgment in handling an employee matter,” that has also culminated in his resignation from Revance’s board of directors.

In-house FDA re­view flags a sus­pi­cious im­bal­ance in deaths as Sh­iono­gi hunts an OK for an­tibi­ot­ic

Shionogi has some big questions to answer if they plan to win an FDA panel’s backing for their new antibiotic.

While investigators have provided positive efficacy data for their new product to treat cases of complex urinary tract infections, an FDA review has flagged an imbalance of deaths between the antibiotic and a control arm. And they want the agency’s outside advisers to take a good hard look at that when they meet on Wednesday.

Cell ther­a­py start­up rais­es $16 mil­lion to fund its quest for the Holy Grail in re­gen­er­a­tive med­i­cine

In 2006, Shinya Yamanaka shook stem cell research with his discovery that mature cells can be converted into stem cells, relieving a longstanding political-ethical blockage and throwing open medical research on everything from curbing eye degeneration to organ printing.

But that process still has pitfalls, including in risk and scalability, and some researchers are exploring another way first hinted at years ago: new technology to convert mature cells directly into other mature cells without the complex and time-consuming process of first making them into stem cells.

Eye­ing $86M, Galera leads a pack of three mod­est biotech IPOs push­ing past high pro­file stum­bles

Exactly one year after kicking off a pivotal Phase III study for its lead drug — a companion for cancer patients receiving radiotherapy — Galera is looking to the Nasdaq for some new cash to complete the clinical work and fuel its commercial drive.

CEO Mel Sorensen has penciled in an $86 million ask, which was filed on the same day as liver disease company 89bio and rare disease diagnostics shop Centogene. The trio marks the first batch of IPO filings in the wake of two highly anticipated but ultimately disappointing public debuts by BioNTech and Vir, signaling dwindling biotech fervor on Wall Street. 89bio and Centogene are seeking $70 million and $69 million, respectively.