Don­ald Trump is start­ing to win over bio­phar­ma

It would ap­pear that Don­ald Trump is start­ing to win over the minds — though per­haps not the hearts — of the bio­phar­ma in­dus­try.

Af­ter we ran two ear­li­er polls re­flect­ing a deep dis­taste for the Re­pub­li­can, Trump’s up­set vic­to­ry fol­lowed by a surge in in­dus­try stocks was fol­lowed by a re­spectable show of sup­port in our lat­est poll of biotech and phar­ma­ceu­ti­cal in­dus­try read­ers.

With 165 votes in, close to half (46%) felt that bio­phar­ma would be bet­ter off un­der Trump a year from now. That com­pares to 28% who felt it will be worse and 26% who felt that it will be no dif­fer­ent on the an­niver­sary of his win.

 

“I re­spond­ed to an ear­li­er sur­vey you held by vot­ing that Hi­lary would be bet­ter for bio­phar­ma than Trump, but my rea­son­ing for that re­sponse was that Trump was just go­ing to be a thin-skinned dis­as­ter as a pres­i­dent and that he would get us in­to a war or ma­jor cri­sis that would hurt the econ­o­my se­vere­ly,” not­ed one read­er. “Look­ing at Trump more close­ly, I think he’ll be more of a pos­i­tive, at least short term.”

An­oth­er thumbs up, fol­lowed by a thumbs down: ”Less reg­u­la­tion and price con­trols. So, bet­ter be­cause the in­dus­try will make more mon­ey and more re­search & ad­vance­ments will hap­pen. Worse, be­cause when a few bad ac­tors take ad­van­tage of this, there will be even big­ger rep­u­ta­tion hits for the in­dus­try. Think Shkre­li with a big­ger biotech.”

And don’t un­der­es­ti­mate the un­der­ly­ing dis­taste many of our read­ers have for Trump.

Vot­ing worse, a read­er notes: “The stock mar­ket will go down once he’s in of­fice. We will be in a pe­ri­od of in­sta­bil­i­ty. If his tax cuts go for­ward we will have an­oth­er re­ces­sion which will im­pact the abil­i­ty to raise mon­ey.”

One rea­son for the change of pos­i­tive sen­ti­ment can be seen in vot­ers thoughts on the like­ly shift ahead in M&A. A clear ma­jor­i­ty of re­spon­ders felt that Trump’s eco­nom­ic and tax poli­cies would help spur greater M&A in the in­dus­try, which can help over­all stock val­ues.

Here are some com­ments fa­vor­ing in­creased M&A, in which a num­ber of read­ers high­light­ed the like­li­hood of tax re­form:

“Par­tic­u­lar­ly if the tax code changes to en­cour­age com­pa­nies with cash trapped out­side the US to bring it back.”

“I as­sume he will ne­go­ti­ate a fa­vor­able phar­ma/biotech repa­tri­a­tion pol­i­cy (hel­lo Re­pub­li­can con­gress and sen­ate!) for ex-US dol­lars which will fu­el M&A.”

Here’s a note of cau­tion:

“We don’t quite know what are his eco­nom­ic poli­cies.”

The pres­i­dent-elect has clear­ly in­di­cat­ed that he wants to speed up the FDA and new drug ap­provals, but most read­ers aren’t ex­pect­ing any kind of dra­mat­ic change soon. Two-thirds said they don’t ex­pect a change in the next year. But 28% did be­lieve the FDA will be prod­ded in­to act­ing more quick­ly.

The same pro­por­tion of peo­ple be­lieve that the stock ral­ly will in­evitably flat­ten out, with the same num­ber look­ing for a con­tin­u­ing bull mar­ket.

“There will be lots of rhetoric but over­all no change, es­pe­cial­ly if the com­mis­sion­er stays in place.”

“I ex­pect some type of re­form, and some di­vi­sions sure need to speed up, but oth­ers (on­col­o­gy) al­ready are mov­ing at warp speed.”

“Sub­ject to the se­lec­tion of a trans­for­ma­tion­al leader whom I can­not iden­ti­fy, the agency will chug along al­most with­out re­gard to ad­min­is­tra­tion change. Four years is ac­tu­al­ly a pret­ty short time in FDA terms. Once the pub­lic learns that even “The Don­ald” can’t de­liv­er (no Wall, no pmt from Mex­i­co, lit­tle re­form, few jobs), he may be turfed out with the same en­thu­si­asm with which he was elect­ed. “

Fi­nal­ly, a sig­nif­i­cant mi­nor­i­ty of 43% said they ex­pect for­eign-born sci­en­tists will start leav­ing the US af­ter Trump takes of­fice. Slight­ly more than half said they ex­pect things will stay the same on that score. And you could hear a com­mon theme among many of the com­ments we re­ceived. Trump, many be­lieve, can’t be as bad as he made him­self out to be.

“As long as Trump is not a com­plete id­iot – I sus­pect he does not re­al­ly in­tend to do a lot of the things he said dur­ing the cam­paign.”

Lessons for biotech and phar­ma from a doc­tor who chased his own cure

After being struck by a rare disease as a healthy third year medical student, David Fajgenbaum began an arduous journey chasing his own cure. Amidst the hustle of this year’s JP Morgan conference, the digital trials platform Medable partnered with Endpoints Studio to share Dr. Fajgenbaum’s story with the drug development industry.

What follows is an edited transcript of the conversation between Medable CEO Dr. Michelle Longmire and Dr. Fajgenbaum, and it is full of lessons for biotech executives charged with bringing the next generation of medicines to patients.

No­var­tis gets a boost in block­buster mul­ti­ple scle­ro­sis race with Roche

In the first step of what’s likely to be a long and uphill battle for the drugmaker, the FDA has accepted Novartis’s BLA submission for a new multiple sclerosis drug and given it priority review. The PDUFA date for the potential blockbuster drug is in June.

The drug, known as ofatumumab or Arzerra, has performed consistently well across late-stage trials in patients with the most common form of MS, including in head-to-head studies against Sanofi’s old blockbuster Aubagio. But, if the drug is approved, Novartis will find itself in a crosstown game of catch-up; since a 2017 approval, Roche’s Ocrevus has become the second best-selling MS drug on the market, nearly eclipsing Biogen’s Tecfidera last quarter with over a $1 billion in sales.

Coro­n­avirus out­break threat­ens short­age of 150 drugs — re­port

American patients who suffer from conditions other than Covid-19 could feel the impact of the coronavirus due to shortage of drugs — as 150 prescription drugs are now reportedly on a list of at-risk therapies. The list spans “antibiotics, generics and some branded drugs without alternatives,” Axios reported citing sources familiar with the list. The FDA declined to comment.

Although factories in China are gradually reopening, restrictions in travel and disruptions at transit hubs are still slowing down production. An Indian company that relies on active pharmaceutical ingredients (API) from China told Bloomberg last week that it’s seeing prices of commonly used drugs jump by 40% to 70%.

Tim Mayleben (file photo)

Es­pe­ri­on's goldilocks cho­les­terol fight­er wins FDA ap­proval — will its 'tra­di­tion­al' pric­ing ap­proach spur adop­tion?

It’s more effective than decades-old statins but not as good as the injectable PCSK9 — the goldilocks treatment for cholesterol-lowering, bempedoic acid, has secured FDA approval.

Its maker, Esperion Therapeutics, is betting that their pricing strategy — a planned list price of between $10 to $11 a day — will help it skirt the pushback the PCSK9 cholesterol fighters, Repatha and Praluent, got from payers for their high sticker prices.

The sky-high expectations for the pair of PCSK9 drugs that were first approved in 2015 quickly simmered — and despite a 60% price cut, coupled with data showing the therapies also significantly cut cardiovascular risk, sales have not really perked up.

Esperion is convinced that by virtue of being a cheaper oral therapy, bempedoic acid will hit that sweet spot in terms of adoption.

“We’re kind of like the old comfortable shoe,” Esperion’s chief commercial officer Mark Glickman remarked in an interview with Endpoints News ahead of the decision date. “It’s an oral product, once-daily and nontitratable — these are things that just resonate so true with patients and physicians and I think we’ve kind of forgotten about that.”

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Juergen Horn

An­i­mal health vet Juer­gen Horn makes new an­ti­body play for pets, rak­ing $15M in Se­ries A haul

Zoetis forked over $85 million in 2017 to acquire Nexvet Biopharma and its pipeline of monoclonal antibodies. Juergen Horn, Nexvet’s former chief product development officer, has now secured $15 million for his own biologic company for animals: Invetx.

Buoyed by emerging advances in gene therapies for humans, scientists have started looking at harnessing the technology for animals setting up companies such as Penn-partnered Scout Bio and George Church-founded Rejuvenate Bio. But akin to Nexvet, Invetx is working on leveraging the time-tested science of monoclonal antibodies to treat chronic diseases that afflict man’s best friend.

As coro­n­avirus out­break reach­es 'tip­ping point,' GSK lends ad­ju­vant tech to Chi­nese part­ner armed with pre­clin­i­cal vac­cine

As the coronavirus originating out of Wuhan spreads to South Korea, Italy and Iran, stoking already intense fears of a pandemic, GlaxoSmithKline has found another pair of trusted hands to place its adjuvant system. China’s Clover Biopharmaceuticals will add the adjuvant to its preclinical, protein-based vaccine candidate against SARS-CoV-2.

Clover, which is based in the inland city of Chengdu, boasts of a platform dubbed Trimer-Tag that produces covalently-trimerized fusion proteins. Its candidate, COVID-19 S-Trimer, resembles the viral spike (S)-protein found in the virus.

Deborah Dunsire

The fourth CGRP mi­graine drug is here. Time for Lund­beck to prove it's worth $2B

They may be late, but Lundbeck is now officially in the game for preventing migraine with CGRP drugs.

The FDA has OK’d eptinezumab, the prize in Lundbeck’s $2 billion acquisition of Alder. Like rival offerings from Amgen/Novartis, Eli Lilly and Teva, the antibody blocks the calcitonin gene-related peptide, which is believed to dilate blood vessels in the brain and cause pain.

It will now be sold as Vyepti. The company has yet to announce a price. Amgen and Novartis had set the wholesale acquisition cost of their pioneering Aimovig at $6,900 for a year’s supply before raising it slightly this year; Lilly and Teva had followed suit with Emgality and Ajovy.

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Drug ap­provals: FDA pub­lish­es dataset of CDER ap­provals since 1985

To provide researchers with more accurate and accessible data about historic drug approvals, the FDA on Friday released a dataset containing information about all new drugs and biologics approved by the Center for Drug Evaluation and Research (CDER) dating back to 1985.

“FDA created the compilation to facilitate data accessibility, transparency, and accuracy when researchers seek information about an approved drug,” the FDA writes, adding that the compilation should accurately reflect “the state of each application at the time of initial regulatory approval.”

Tal Zaks (Moderna via YouTube)

For two decades, a new vac­cine tech­nol­o­gy has been slow­ly ap­proach­ing prime time. Now, can it stop a pan­dem­ic?

Two months before the outbreak, Moderna CMO Tal Zaks traveled from Cambridge, MA to Washington DC to meet with Anthony Fauci and the leaders of the National Institutes of Health.

For two years, Moderna had worked closely with NIH researchers to build a new kind of vaccine for MERS, one of the deadliest new viruses to emerge in the 21st century. The program was one test for a new technology designed to be faster, cheaper and more precise than the ways vaccines had been made for over a century. They had gathered evidence the technology could work in principle, and Fauci, the longtime head of the National Institute of Allergy and Infectious Diseases and a longtime advocate for better epidemic preparedness, wanted to see if it, along with a couple of other approaches, could work in a worst-case scenario: A pandemic.

“[We were] trying to find a test case for how to demonstrate if our technology could rapidly prepare,” Zaks told Endpoints News.

Zaks and Fauci, of course, wouldn’t have to wait to develop a new test. By year’s end, an outbreak in China would short circuit the need for one and throw them into 24/7 work on a real-world emergency. They also weren’t the only ones with new technology who saw a chance to help in a crisis.

An ocean away, Lidia Oostvogels was still on vacation and relaxing at her mother’s house in Belgium when her Facebook started changing. It was days after Christmas and on most people’s feeds, the news that China had reported a novel virus to the World Health Organization blurred into the stream of holiday sweaters and fir trees. But on Oostvogels’s feed, full of vaccine researchers and virus experts, speculation boiled: There was a virus in China, something contained to the country, but “exotic,” “weird,” and maybe having to do with animals. Maybe a coronavirus.

Lidia Oostvogels

“I was immediately thinking like, ‘Hey, this is something that if needed, we can play a role,'” Oostvogels told Endpoints.

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