Strug­gling Heat gets a warm re­sponse to a snap­shot on can­cer vax da­ta

Jeff Hutchins, Heat Bi­o­log­ics

Heat Bi­o­log­ics man­aged to at least tem­porar­i­ly ex­tri­cate it­self from pen­ny stock ter­ri­to­ry af­ter of­fer­ing a pos­i­tive up­date on its com­bi­na­tion study for non-small cell lung can­cer. Its stock surged more than 20% this morn­ing based on an up­date for a hand­ful of pa­tients tak­ing a com­bi­na­tion of HS-110 and Bris­tol-My­ers Squibb’s check­point in­hibitor Op­di­vo.

The up­dat­ed snap­shot from the Durham, NC-based biotech in­clud­ed a note that 3 of 5 pa­tients en­rolled in a co­hort for low tu­mor in­fil­trat­ing lym­pho­cytes “ex­pe­ri­enced sig­nif­i­cant tu­mor re­duc­tion, which is high­er than the 10% re­sponse rate of low TIL pa­tients re­port­ed for ex­ist­ing da­ta on nivolum­ab alone.” 5 of 12 evalu­able pa­tients ex­pe­ri­enced an im­mune re­sponse to the com­bo.

As a re­sult Heat’s stock $HBTX nosed above the $1 mark.

Heat has ex­pe­ri­enced re­peat­ed set­backs that ground down its share price.  Last spring, the biotech cut staff. Then in the fall their drug HS-410 failed a mid-stage study for blad­der can­cer. The com­pa­ny cur­rent­ly has a mi­cro mar­ket cap hov­er­ing around $24 mil­lion, putting it in a very vul­ner­a­ble group. And Nas­daq is­sued a delist­ing warn­ing just a few days ago.

“Check­point in­hibitors, such as nivolum­ab, are cur­rent­ly ef­fec­tive in treat­ing ap­prox­i­mate­ly 10% of lung can­cer pa­tients with low TIL and about 20% of pa­tients over­all in the 2nd line set­ting,” said Jeff Hutchins, Heat’s top sci­en­tist and SVP, Pre­clin­i­cal De­vel­op­ment. “Our re­sults ap­pear to fur­ther val­i­date the ex­pect­ed mech­a­nism of ac­tion of our ap­proach in com­bi­na­tion with check­point in­hibitors, with a con­tin­u­ing trend to­wards ear­ly and sus­tained T cell ac­ti­va­tion in the pe­riph­er­al blood cells.”

Hal Barron, GSK

Break­ing the death spi­ral: Hal Bar­ron talks about trans­form­ing the mori­bund R&D cul­ture at GSK in a crit­i­cal year for the late-stage pipeline

Just ahead of GlaxoSmithKline’s Q2 update on Wednesday, science chief Hal Barron is making the rounds to talk up the pharma giant’s late-stage strategy as the top execs continue to woo back a deeply skeptical investor group while pushing through a whole new R&D culture.

And that’s not easy, Barron is quick to note. He told the Financial Times:

I think that culture, to some extent, is as hard, in fact even harder, than doing the science.

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Aca­dia is mak­ing the best of it, but their lat­est PhI­II Nu­plazid study is a bust

Acadia’s late-stage program to widen the commercial prospects for Nuplazid has hit a wall. The biotech reported that their Phase III ENHANCE trial flat failed. And while they $ACAD did their best to cherry pick positive data wherever they can be found, this is a clear setback for the biotech.

With close to 400 patients enrolled, researchers said the drug flunked the primary endpoint as an adjunctive therapy for patients with an inadequate response to antipsychotic therapy. The p-value was an ugly 0.0940 on the Positive and Negative Syndrome Scale, which the company called out as a positive trend.

Their shares slid 12% on the news, good for a $426 million hit on a $3.7 billion market cap at close.

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Some Big Phar­mas stepped up their game on da­ta trans­paren­cy — but which flunked the test?

The nonprofit Bioethics International has come out with their latest scorecard on data transparency among the big biopharmas in the industry — flagging a few standouts while spotlighting some laggards who are continuing to underperform.

Now in its third year, the nonprofit created a new set of standards with Yale School of Medicine and Stanford Law School to evaluate the track record on trial registration, results reporting, publication and data-sharing practice.

Busy Gilead crew throws strug­gling biotech a life­line, with some cash up­front and hun­dreds of mil­lions in biobucks for HIV deal

Durect $DRRX got a badly needed shot in the arm Monday morning as Gilead’s busy BD team lined up access to its extended-release platform tech for HIV and hepatitis B.

Gilead, a leader in the HIV sector, is paying a modest $25 million in cash for the right to jump on the platform at Durect, which has been using its technology to come up with an extended-release version of bupivacaine. The FDA rejected that in 2014, but Durect has been working on a comeback.

In­tec blitzed by PhI­II flop as lead pro­gram fails to beat Mer­ck­'s stan­dard com­bo for Parkin­son’s

Intec Pharma’s $NTEC lead drug slammed into a brick wall Monday morning. The small-cap Israeli biotech reported that its lead program — coming off a platform designed to produce a safer, more effective oral drug for Parkinson’s — failed the Phase III at the primary endpoint.

Researchers at Intec, which has already seen its share price collapse over the past few months, says that its Accordion Pill-Carbidopa/Levodopa failed to prove superior to Sinemet in reducing daily ‘off’ time. 

Cel­gene racks up third Ote­zla ap­proval, heat­ing up talks about who Bris­tol-My­ers will sell to

Whoever is taking Otezla off Bristol-Myers Squibb’s hands will have one more revenue stream to boast.

The drug — a rising star in Celgene’s pipeline that generated global sales of $1.6 billion last year — is now OK’d to treat oral ulcers associated with Behçet’s disease, a common symptom for a rare inflammatory disorder. This marks the third FDA approval for the PDE4 inhibitor since 2014, when it was greenlighted for plaque psoriasis and psoriatic arthritis.

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Francesco De Rubertis

Medicxi is rolling out its biggest fund ever to back Eu­rope's top 'sci­en­tists with strange ideas'

Francesco De Rubertis built Medicxi to be the kind of biotech venture player he would have liked to have known back when he was a full time scientist.

“When I was a scientist 20 years ago I would have loved Medicxi,’ the co-founder tells me. It’s the kind of place run by and for investigators, what the Medicxi partner calls “scientists with strange ideas — a platform for the drug hunter and scientific entrepreneur. That’s what I wanted when I was a scientist.”

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Af­ter a decade, Vi­iV CSO John Pot­tage says it's time to step down — and he's hand­ing the job to long­time col­league Kim Smith

ViiV Healthcare has always been something unique in the global drug industry.

Owned by GlaxoSmithKline and Pfizer — with GSK in the lead as majority owner — it was created 10 years ago in a time of deep turmoil for the field as something independent of the pharma giants, but with access to lots of infrastructural support on demand. While R&D at the mother ship inside GSK was souring, a razor-focused ViiV provided a rare bright spot, challenging Gilead on a lucrative front in delivering new combinations that require fewer therapies with a more easily tolerated regimen.

They kept a massive number of people alive who would otherwise have been facing a death sentence. And they made money.

And throughout, John Pottage has been the chief scientific and chief medical officer.

Until now.

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Vlad Coric (Biohaven)

In an­oth­er dis­ap­point­ment for in­vestors, FDA slaps down Bio­haven’s re­vised ver­sion of an old ALS drug

Biohaven is at risk of making a habit of disappointing its investors.

Late Friday the biotech $BHVN reported that the FDA had rejected its application for riluzole, an old drug that they had made over into a sublingual formulation that dissolves under the tongue. According to Biohaven, the FDA had a problem with the active ingredient used in a bioequivalence study back in 2017, which they got from the Canadian drugmaker Apotex.

Apotex, though, has been a disaster ground. The manufacturer voluntarily yanked the ANDAs on 31 drugs — in late 2017 — after the FDA came across serious manufacturing deficiencies at their plants in India. A few days ago, the FDA made it official.

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