Life sci­ences fund rais­es €118M for its next round of bets; Gilead scraps Alpine al­liance

→ A small but grow­ing transat­lantic biotech in­vestor is get­ting a fresh shot in the arm for its next round of bets. Foun­tain Health­care Part­ners has raised €118 mil­lion for Fund III, bring­ing its to­tal amount of cap­i­tal raised to €294 mil­lion. The fund has of­fices in Dublin and New York, with plans to in­vest the bulk of its mon­ey in Eu­rope, with part of the port­fo­lio in the US. “Foun­tain’s in­vest­ment strat­e­gy fo­cus­es on build­ing a bal­anced port­fo­lio of com­pa­nies with com­ple­men­tary risk and re­turn pro­files with­in the life sci­ence sec­tor,” not­ed co-founder Manus Ro­gan.

→ Close to 4 years af­ter CAR-T pi­o­neer Kite Ther­a­peu­tics inked a $535 mil­lion deal to in-li­cense tech from Mitch Gold’s Alpine Im­mune Sys­tem, the Gilead sub­sidiary is now wav­ing off the col­lab­o­ra­tion. In an SEC fil­ing, Seat­tle-based Alpine re­vealed that Gilead was scrap­ping the deal, which start­ed with a small $5 mil­lion up­front and grad­u­al­ly es­ca­lat­ed af­ter that. Kite had ini­tial­ly ex­tend­ed the deal back in 2017, which cen­tered on Alpine’s trans­mem­brane im­munomod­u­la­to­ry pro­tein tech to en­gi­neer CAR-Ts and TCRs.

→ The FDA has set the PDU­FA date for No­vem­ber 21, 2019 for SK Life Sci­ence’s — a sub­sidiary of SK Bio­phar­ma­ceu­ti­cals — NDA sub­mis­sion of its in­ves­ti­ga­tion­al antiepilep­tic drug, cenoba­mate (YKP3089). The com­pa­ny says that it’s a “drug for the po­ten­tial treat­ment of par­tial-on­set seizures in adult pa­tients, is the first mol­e­cule dis­cov­ered and de­vel­oped from in­cep­tion through to the sub­mis­sion of an NDA with­out part­ner­ing or out-li­cens­ing from a Ko­re­an phar­ma­ceu­ti­cal com­pa­ny.” The com­pa­ny plans to com­mer­cial­ize the drug in­de­pen­dent­ly.

Even with the avail­abil­i­ty and in­tro­duc­tion of many new AEDs, over­all treat­ment out­comes for peo­ple with epilep­sy has not im­proved in 20 years. “The CDC states that near­ly 60 per­cent of peo­ple with epilep­sy are still ex­pe­ri­enc­ing seizures, show­cas­ing a great un­met need for pa­tients and their fam­i­lies. Ad­di­tion­al­ly, while some pa­tients may ex­pe­ri­ence a re­duc­tion in seizure fre­quen­cy with cur­rent treat­ments, they con­tin­ue to live with seizures.”

Brian Kaspar. AveXis via Twitter

AveX­is sci­en­tif­ic founder fires back at No­var­tis CEO Vas Narasimhan, 'cat­e­gor­i­cal­ly de­nies any wrong­do­ing'

Brian Kaspar’s head was among the first to roll at Novartis after company execs became aware of the fact that manipulated data had been included in its application for Zolgensma, now the world’s most expensive therapy.

But in his first public response, the scientific founder at AveXis — acquired by Novartis for $8.7 billion — is firing back. And he says that not only was he not involved in any wrongdoing, he’s ready to defend his name as needed.

I reached out to Brian Kaspar after Novartis put out word that he and his brother Allen had been axed in mid-May, two months after the company became aware of the allegations related to manipulated data. His response came back through his attorneys.

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As­traZeneca’s Imfinzi/treme com­bo strikes out — again — in lung can­cer. Is it time for last rites?

AstraZeneca bet big on the future of their PD-L1 Imfinzi combined with the experimental CTLA-4 drug tremelimumab. But once again it’s gone down to defeat in a major Phase III study — while adding damage to the theory involving targeting cancer with a high tumor mutational burden.

Early Wednesday the pharma giant announced that their NEPTUNE study had failed, with the combination unable to beat standard chemo at overall survival in high TMB cases of advanced non-small cell lung cancer. We won’t get hard data until later in the year, but the drumbeat of failures will call into question what — if any — future this combination can have left.

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We­bi­nar: Re­al World End­points — the brave new world com­ing in build­ing fran­chise ther­a­pies

Several biopharma companies have been working on expanding drug labels through the use of real world endpoints, combing through the data to find evidence of a drug’s efficacy for particular indications. But we’ve just begun. Real World Evidence is becoming an important part of every clinical development plan, in the soup-through-nuts approach used in building franchises.

I’ve recruited a panel of 3 top experts in the field — the first in a series of premium webinars — to look at the practical realities governing what can be done today, and where this is headed over the next few years, at the prodding of the FDA.

ZHEN SU — Merck Serono’s Senior Vice President and Global Head of Oncology

ELLIOTT LEVY — Amgen’s Senior Vice President of Global Development

CHRIS BOSHOFF — Pfizer Oncology’s Chief Development Officer

A premium subscription to Endpoints News is required to attend this webinar. Please upgrade to either an Insider or Enterprise plan for access. Already have Endpoints Premium? Please sign-in below. You can contact our Subscriptions team at with any issues.

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UP­DAT­ED: Pay­back? An­a­lysts say Sarep­ta was blind­sided by an FDA re­jec­tion dri­ven by reg­u­la­to­ry re­venge

In one of the least anticipated moves of the year, the FDA has rejected Sarepta’s application for an accelerated approval of its Duchenne MD drug golodirsen after fretting over safety issues.

In a statement that arrived after the bell on Monday, Sarepta explained the CRL, saying:

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Levi Garraway. Broad Institute via Youtube

Roche raids Eli Lil­ly for its next chief med­ical of­fi­cer as San­dra Horn­ing plans to step down

We found out Monday morning where Levi Garraway was headed after he left Eli Lilly as head of oncology R&D a few days ago. Roche named Garraway as their new chief medical officer, replacing Sandra Horning, who they say is retiring from the company.

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Af­ter a posse of Wall Street an­a­lysts pre­dict a like­ly new win for Sarep­ta, we're down to the wire on a crit­i­cal FDA de­ci­sion

As Bloomberg notes, most of the Wall Street analysts that cover Sarepta $SRPT are an upbeat bunch, ready to cheer on the team when it comes to their Duchenne MD drugs, or offer explanations when an odd setback occurs — as happened recently with a safety signal that was ‘erroneously’ reported last week.

Ritu Baral Cowen
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FDA de­ci­sion on Ver­tex's CF triple will come just ahead of planned CEO shake­up

Vertex has clinched a priority review for the all-important cystic fibrosis triple that will blaze the trail for treating a large group of patients unhelped by its current drugs.

FDA regulators have set a PDUFA date of March 19, 2020, just a year after the Boston biotech posted positive Phase III results showing that people with two F508del mutations experienced statistically significant improvements in lung function after a 4-week regimen of VX-445, tezacaftor and ivacaftor. After reviewing 24-week data among patients with one F508del mutation and one minimal function mutation — and thoroughly comparing the VX-445 triple with another combo featuring VX-659 on scores like safety, drug-drug interactions, and photosensitivity — Vertex ultimately went with VX-445.

An MIT spin­out kills one of its ‘liv­ing ther­a­peu­tics’ af­ter flunk­ing an ear­ly-stage study — shares rout­ed

Just a few weeks after bagging $80 million in a deal to collaborate with Gingko Bioworks on its special blend of engineered bacteria used for “living therapeutics,” little Synlogic in Boston $SYBX is tossing one of its two clinical programs after watching an early-stage study go down in defeat.

Their Phase Ib/IIa study for SYNB1020 to counter the accumulation of ammonia in the body, a condition called hyperammonemia or urea cycle disorder, floundered at the interim readout, forcing the biotech to kill it and reserve its cash for pipeline therapies with greater potential.

Elan­co to buy Bay­er's an­i­mal health busi­ness for $7.6B, as deal­mak­ing gath­ers steam in the sec­tor

Last week, Elanco explicitly dodged answering questions about its rumored interest in Bayer’s animal health business in its post-earnings call. On Tuesday, the Eli Lilly spinoff disclosed it was purchasing the German drug maker’s veterinary unit in a cash-and-stock deal worth $7.6 billion. 

Elanco $ELAN has been busy on the deal-making front. In April, it laid out plans to swallow its partner, Kansas-based pet therapeutics company Aratana $PETX. A July report by Reuters suggested a potential Bayer deal was being explored, and Bloomberg last week said the deal was imminent, citing sources.