Eye­ing an IPO, Alzheon looks to raise $100M for a “de­risked” Alzheimer’s PhI­II

You don’t of­ten hear the word “de­risked” in a con­ver­sa­tion about an ex­per­i­men­tal ther­a­py for Alzheimer’s, but that’s the word Alzheon CEO Mar­tin To­lar choos­es to de­scribe where he’s at now with a new/old ther­a­py for the mem­o­ry-wast­ing ail­ment.

Af­ter rais­ing some $20 mil­lion in bridge fi­nanc­ing, To­lar’s small team jour­neyed to the Alzheimer’s con­fer­ence in Toron­to to spot­light the lat­est phar­ma­co­ki­net­ic da­ta they’ve put to­geth­er on ALZ-801, a pro­drug of tramiprosate, oth­er­wise known as Alzhemed, which like most Alzheimer’s drugs im­plod­ed in a Phase III study. And now he tells me that the biotech is well along the path to a new fi­nanc­ing round that can sup­port the $100 mil­lion bud­get need­ed to pay for two Phase III stud­ies, with a po­ten­tial IPO in the busi­ness plan.

The Fram­ing­ham, MA-based Alzheon team is fo­cus­ing on a strat­e­gy very sim­i­lar to the one adopt­ed quite suc­cess­ful­ly — so far — by Ax­o­vant $AX­ON: Tak­ing a failed drug and re­ly­ing on ex­ist­ing da­ta to prove it’s both safe and po­ten­tial­ly ef­fec­tive for a spe­cif­ic pop­u­la­tion of pa­tients. Alzheon, though, is al­so pur­su­ing the amy­loid be­ta hy­poth­e­sis, which has de­feat­ed every drug thrown at it so far in a piv­otal study.

To­lar, the for­mer BD chief at Pfiz­er, knows full well that the land­mark fail­ures in this field, in­clud­ing bap­ineuzum­ab, cost around $400 mil­lion to pull off. But he says Alzheon will on­ly need to re­cruit 500 pa­tients each for its two Phase III tri­als, fo­cus­ing on a ge­net­i­cal­ly-de­fined AD pop­u­la­tion of APOE4/4 ho­mozy­gotes; “pa­tients known to have risk fac­tors for amy­loid pathol­o­gy.”

The big mon­ey has al­ready been thrown at Alzheon’s drug, says To­lar. “We’re adding on top of it,” he says, “with a good un­der­stand­ing of the dose.”

In the Toron­to con­fer­ence, he high­light­ed the com­pa­ny’s progress on an im­proved oral, once-dai­ly dose that can be tak­en in­to Phase III.

That’s the sto­ry that To­lar be­lieves will com­plete his big fi­nanc­ing round, which will con­cen­trate on crossover in­vestors who can help push through an IPO, at the right time.

“I feel we’re al­ready IPO ready,” says the CEO.

It may not be de­risked, but af­ter oth­ers have blazed the trail, it seems like a vi­able path for­ward.

M&A: a crit­i­cal dri­ver for sus­tain­able top-line growth in health­care

2021 saw a record $600B in healthcare M&A activity. In 2022, there is an anticipated slowdown in activity, however, M&A prospects remain strong in the medium to long-term. What are future growth drivers for the healthcare sector? Where might we see innovations that drive M&A? RBC’s Andrew Callaway, Global Head, Healthcare Investment Banking discusses with Vito Sperduto, Global Co-Head, M&A.

15 LGBTQ lead­ers in bio­phar­ma; Paul Stof­fels’ Gala­pa­gos re­vamp; As­traZeneca catch­es up in AT­TR; 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.

A return to in-person conferences also marks a return to on-the-ground reporting. My colleagues Beth Synder Bulik and Nicole DeFeudis were on-site at Cannes Lions, bringing live coverage of pharma’s presence at the ad festival — accompanied by photos from Clara Bui, our virtual producer, that bring you right to the scene. You can find a recap (and links to all the stories) below.

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Abortion-rights protesters regroup and protest following Supreme Court's decision to overturn Roe v. Wade. (AP Photo/Gemunu Amarasinghe)

Fol­low­ing SCO­TUS de­ci­sion to over­turn abor­tion pro­tec­tions, AG Gar­land says states can't ban the abor­tion pill

Following the Supreme Court’s historic decision on Friday to overturn Americans’ constitutional right to an abortion after almost 50 years, Attorney General Merrick Garland sought to somewhat reassure women that states will not be able to ban the prescription drug sometimes used for abortions.

Following the decision, the New England Journal of Medicine also published an editorial strongly condemning the reversal, saying it “serves American families poorly, putting their health, safety, finances, and futures at risk.”

AstraZeneca's new Evusheld direct to consumer campaign aims to reach more immunocompromised patients.

As­traZeneca de­buts first con­sumer cam­paign for its Covid-19 pro­phy­lac­tic Evusheld — and a first for EUA drugs

AstraZeneca’s first consumer ad for Evusheld is also a first for drugs that have been granted emergency use authorizations during the pandemic.

The first DTC ad for a medicine under emergency approval, the Evusheld campaign launching this week aims to raise awareness among immunocompromised patients — and spur more use.

Evusheld nabbed emergency authorization in December, however, despite millions of immunocompromised people looking for a solution and now more widespread availability of the drug.

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GSK says its drug for chron­ic hep B could ‘lead to a func­tion­al cure’ — but will it be alone or in com­bi­na­tion?

GSK, newly branded and soon-to-be demerged, shared interim results from its Phase II trial on its chronic hepatitis B treatment, one that it says has the “potential to lead to a functional cure.”

At a presentation at the EASL International Liver Congress, GSK shared that in around 450 patients who received its hep B drug bepirovirsen for 24 weeks, just under 30% had hepatitis B surface antigen and viral DNA levels that were too low to detect.

Sanofi, GSK tout 72% Omi­cron ef­fi­ca­cy in PhI­II tri­al of next-gen, bi­va­lent shot — with an eye to year-end roll­out

Sometimes, being late can give you an advantage.

That’s what Sanofi and GSK are trying to say as the Big Pharma partners report positive results from a late-stage trial of their next-gen bivalent Covid-19 vaccine, which was designed to protect against both the original strain of the SARS-CoV-2 virus and the Beta variant. Specifically, against Omicron, they note, the vaccine delivered 72% efficacy in all adults and 93.2% in those previously infected.

Matt Kapusta, uniQure CEO

In trou­bled Hunt­ing­ton’s space, uniQure’s gene ther­a­py shows ear­ly promise

In randomized clinical trial data from a small number of patients, Dutch biotech uniQure shared that its gene therapy for Huntington’s disease seems to reduce the amount of the mutant protein responsible for the disease over the course of a year.

In seven patients with early-stage Huntington’s — four who got the treatment and three who got a placebo — mutant huntingtin protein levels in the cerebrospinal fluid decreased by an average of just over 50% in patients who got the gene therapy compared to around a 17% drop in patients who got the placebo after a year.

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De­spite a slow start to the year for deals, PwC pre­dicts a flur­ry of ac­tiv­i­ty com­ing up

Despite whispers of a busy year for M&A, deal activity in the pharma space is actually down 30% on a semi-annualized basis, according to PwC’s latest report on deal activity. But don’t rule out larger deals in the second half of the year, the consultants said.

PwC pharmaceutical and life sciences consulting solutions leader Glenn Hunzinger expects to see Big Pharma companies picking up earlier stage companies to try and fill pipeline gaps ahead of a slew of big patent cliffs. Though a bear market continues to maul the biotech sector, Hunzinger said recent deals indicate that pharma companies are still paying above current trading prices.

Joe Wiley, Amryt Pharma CEO

Am­ryt Phar­ma sub­mits a for­mal dis­pute res­o­lu­tion to the FDA over re­ject­ed skin dis­ease drug

The story of Amryt Pharma’s candidate for the genetic skin condition epidermolysis bullosa, or EB, will soon enter another chapter.

After the Irish drugmaker’s candidate, dubbed Oleogel-S10 and marketed as Filsuvez, was handed a CRL earlier this year, the company announced in a press release that it plans to submit a formal dispute resolution request for the company’s NDA for Oleogel-S10.