In­cyte grabs a new PD-1 check­point drug in $900M deal with Macro­Gen­ics

In­cyte $IN­CY has just inked a $900 mil­lion deal to grab glob­al rights to an ear­ly-stage PD-1 check­point now be­ing de­vel­oped at Macro­Gen­ics.

Hervé Hop­penot

The two com­pa­nies an­nounced Wednes­day morn­ing that In­cyte will pay $150 mil­lion in a cash up­front for the de­vel­op­ment and com­mer­cial­iza­tion rights to MGA012, with Macro­Gen­ics hang­ing on to rights for run­ning com­bi­na­tion stud­ies us­ing their pipeline can­cer drug as­sets.

The deal in­cludes $420 mil­lion in de­vel­op­ment mile­stones along with $330 mil­lion for com­mer­cial goals. Roy­al­ties will stretch from 15% to 24%.

In­vestors liked it, dri­ving up Macro­Gen­ics’ shares $MGNX by 18% in the mid-af­ter­noon.

The PD-1 ther­a­py is cur­rent­ly in Phase I be­ing test­ed as a monother­a­py in four dif­fer­ent tu­mor types. And the first da­ta cut from the dose es­ca­la­tion study is due to go pub­lic in a cou­ple of weeks at the SITC meet­ing in Wash­ing­ton, DC.

“We do see the unique­ness of the deal in com­mer­cial­iz­ing the com­bi­na­tion prod­ucts,” says Macro­Gen­ics CEO Scott Koenig. This way the PD-1 can be a “back­bone” ther­a­py at both com­pa­nies, the two ex­ecs add, go­ing in­to a broad set of com­bi­na­tion tri­als with re­searchers at In­cyte and Macro­Gen­ics pur­su­ing their in­di­vid­ual ob­jec­tives — with­out get­ting in each oth­er’s way.

In­cyte is wide­ly viewed as the leader in the IDO1 field now, with piv­otal da­ta com­ing up for epaca­do­stat. Al­ready part­nered with Mer­ck and Bris­tol-My­ers Squibb in com­bi­na­tion tri­als us­ing their check­points, In­cyte clear­ly sees val­ue in hav­ing their own PD-1 to use for com­bos.

The deal comes two years af­ter In­cyte grabbed a pact with Chi­na’s Jiang­su Hen­grui Med­i­cine for an an­ti-PD-1 drug dubbed SHR-1210. In ex­change for $25 mil­lion up­front and a heav­i­ly back end­ed $770 mil­lion pack­age of mile­stones — in­clud­ing a $150 mil­lion bonus if the treat­ment can prove its su­pe­ri­or­i­ty — In­cyte CEO Herve Hop­penot got all glob­al rights out­side of Chi­na and re­lat­ed ter­ri­to­ries.

That drug, Hop­penot tells me to­day, was linked to a unique and mild side ef­fect — grade 1 and 2 he­man­giomas, small, non-can­cer­ous vas­cu­lar skin growths — that made it un­ap­peal­ing for com­bi­na­tion work in a high­ly com­pet­i­tive field, forc­ing the switch to Macro­Gen­ics as a new part­ner.

Koenig adds that Macro­Gen­ics is scal­ing up new man­u­fac­tur­ing ca­pa­bil­i­ty that they will use to sup­ply the PD-1, of­fer­ing an­oth­er com­mer­cial ad­van­tage for the biotech.

“An­ti-PD-1 ther­a­py is be­com­ing a main­stay of can­cer treat­ment across mul­ti­ple tu­mor types, and we be­lieve the ad­di­tion of MGA012 to our clin­i­cal pipeline is im­por­tant to ful­fill­ing our long-term de­vel­op­ment strat­e­gy in im­muno-on­col­o­gy. This col­lab­o­ra­tion with Macro­Gen­ics will al­low us to rapid­ly ex­plore the po­ten­tial clin­i­cal ben­e­fit of de­vel­op­ing MGA012 as a monother­a­py and al­so com­bin­ing an­ti-PD-1 ther­a­py with sev­er­al of our ex­ist­ing port­fo­lio as­sets,” said Steven Stein, chief med­ical of­fi­cer of In­cyte.

How Pa­tients with Epilep­sy Ben­e­fit from Re­al-World Da­ta

Amanda Shields, Principal Data Scientist, Scientific Data Steward

Keith Wenzel, Senior Business Operations Director

Andy Wilson, Scientific Lead

Real-world data (RWD) has the potential to transform the drug development industry’s efforts to predict and treat seizures for patients with epilepsy. Anticipating or controlling an impending seizure can significantly increase quality of life for patients with epilepsy. However, because RWD is secondary data originally collected for other purposes, the challenge is selecting, harmonizing, and analyzing the data from multiple sources in a way that helps support patients.

Re­gen­eron's Evkeeza shows promise in curb­ing high triglyc­erides, but will ge­net­ic dis­par­i­ties lim­it use?

When Regeneron scored an early approval for lipid lowering antibody Evkeeza back in February, the drugmaker cracked open a new pathway to lower abnormally high cholesterol levels. Now, Regeneron is chasing high triglycerides as well with some promising mid-stage data — but will genetic restrictions limit the drug’s use?

Regeneron’s Evkeeza (evinacumab) cut median triglyceride levels by more than 800 mg/dL (57%) in patients with a rare disorder causing abnormally high triglyceride levels compared with an overall increase of 50 mg/dL (1.8%) in participants on placebo, according to Phase II data presented Sunday at the virtual American College of Cardiology meeting.

$DNA is once again on NYSE; FDA clears Soliris chal­lenger for the mar­ket; Flag­ship’s think­ing big again with eR­NA; and more

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I still remember the uncertainty in the air last year when nobody was sure whether ASCO would cancel their in-person meeting. But it’s now back again for the second virtual conference, and Endpoints News is here for it. Check out our 2-day event reviewing the landscape of cancer R&D and send news our way.

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As­traZeneca's Farx­i­ga missed big on Covid-19 study, but it's tak­ing SGLT2 safe­ty da­ta as a sil­ver lin­ing

AstraZeneca hasn’t seen many setbacks in recent months for SGLT2 inhibitor Farxiga, which broke ground in heart failure and kidney disease regardless of diabetes diagnosis. But the British drugmaker had to admit defeat in taking Farxiga into Covid-19, but follow-up results add a bit of a silver lining to that trial’s safety data.

Of hospitalized Covid-19 patients dosed with AstraZeneca’s Farxiga, 11.2% experienced an organ failure or died after 30 days of therapy compared with 13.8% of those given placebo, according to follow-up data from the DARE-19 study revealed Sunday at the virtual American College of Cardiology meeting.

Pfiz­er, Bris­tol My­er­s' Eliquis flops in post-heart surgery pa­tients, spurring an 'un­ex­plained sig­nal' in cer­tain deaths

Pfizer and Bristol Myers Squibb’s non-warfarin blood thinner Eliquis has raced out to become the most prescribed drug of its class on the market — even overtaking warfarin’s long-time lead. But in tricky-to-treat patients after a valve replacement, an investigator-sponsored study couldn’t turn up benefit and raised a troubling safety signal.

Eliquis failed to show benefit over standard of care in preventing serious clinical outcomes after a transaortic valve replacement (TAVR) and was linked to an “unexplained signal” in a subset of populations with a higher rate of non-CV deaths who did not need blood thinners apart from the surgery, according to data presented Saturday at the virtual American College of Cardiology meeting.

Gene ther­a­py from Bio­gen's $800M buy­out flops in mid-stage study, deal­ing blow to new am­bi­tions

The #2 candidate from Biogen’s $800 million ocular gene therapy buyout has failed in a mid-stage trial, dealing an early blow to the big biotech’s plans to revitalize its pipeline with new technologies.

Biogen announced that the candidate, an experimental treatment for a rare and progressive form of blindness called X-linked retinitis pigmentosa (XLRP), failed to sufficiently improve vision in patients’ treated eye — patients only received an injection in one eye — after a year, on a standard scale, compared to their untreated eye. The company said they saw “positive trends” on several secondary endpoints, including visual acuity, but declined to say whether the trial actually hit any of those endpoints.

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Michael Dell (Richard Drew, AP Images)

'Dude, you're get­ting a Del­l' — as a new deep-pock­et biotech in­vestor

What happens when you marry longtime insiders in the global biotech VC game with the family fund of tech billionaire Michael Dell, a synthetic biology legend out of MIT and Harvard and the former director of the NCI?

Today, the answer is a newly financed, $200 million biotech SPAC now cruising the industry for a top player interested in finding a short cut to Nasdaq.

Orion Biotech Opportunities priced their blank check company today, raising $200 million with Dell’s multibillion-dollar MSD group’s commitment on investing another $20 million in a forward-purchase agreement.

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Bris­tol My­ers backs up its case for heart drug mava­camten as FDA weighs app in car­diomy­opa­thy

When Bristol Myers Squibb signed off on its $13 billion acquisition of MyoKardia back in October, it was making a big bet that lead drug mavacamten could prove a game changer in cardiac myopathy. Now, with the drug up for FDA review, Bristol Myers is backing up its case with new quality of life data.

Patients dosed with myosin inhibitor mavacamten posted a clinically significant increase in scores on the Kansas City Cardiomyopathy Questionnaire, a catch-all summary of symptoms and quality of life markers, over placebo at 30 weeks, according to data from the Phase III EXPLORER-HCM study presented Saturday at the virtual American College of Cardiology meeting.

Vas Narasimhan (Photographer: Simon Dawson/Bloomberg via Getty Images)

No­var­tis whiffs on En­tresto study af­ter heart at­tacks — but that does­n't mean it's go­ing down qui­et­ly

If Novartis learned one thing from its interaction with the FDA over its latest heart failure approval for Entresto, it was that missing a primary endpoint may not be the nail in the coffin. Now, Entresto has missed again on a late-stage study in high-risk heart patients, and it’s already sowing the seeds for a path forward regardless.

Novartis’ Entresto couldn’t best standard-of-care ramipril in staving off a composite of deaths and heart failure events in patients with left ventricular systolic dysfunction and/or pulmonary congestion who have had a prior heart attack, according to topline data from the Phase III PARADISE-MI study revealed Saturday at the virtual American College of Cardiology meeting.