Strug­gling Ohr shut­ters lab af­ter halt­ing en­roll­ment for PhI­II wet AMD study

Ohr CEO Ja­son Slak­ter

A few days ago the strug­gling mi­cro­cap biotech Ohr Phar­ma­ceu­ti­cal $OHRP told in­vestors it would “pause” en­roll­ment in their Phase III study of squal­im­ine for neo­vas­cu­lar wet AMD. Now the biotech has filed an 8-K with the SEC say­ing that it’s shut­ting down a small lab work­ing on a pre­clin­i­cal ef­fort.

The word from the New York-based com­pa­ny:

On Feb­ru­ary 21, 2017, Ohr Phar­ma­ceu­ti­cal, Inc. (the ‘Com­pa­ny”) took ac­tions to sus­pend ac­tiv­i­ties at its lab fa­cil­i­ty in San Diego, Cal­i­for­nia where the pre­clin­i­cal re­search re­gard­ing the sus­tained re­lease plat­form tech­nol­o­gy had been con­duct­ed. The sus­pen­sion of pre­clin­i­cal ac­tiv­i­ties at the lab fa­cil­i­ty will re­sult in a re­duc­tion in work­force of ap­prox­i­mate­ly 8 po­si­tions at the lab fa­cil­i­ty, which re­duc­tion will oc­cur im­me­di­ate­ly.

Ohr shares, which this morn­ing are tread­ing in pen­ny stock wa­ters, were ham­mered in 2015 when their lead drug failed a Phase II study, un­able to beat wa­ter in re­duc­ing the need for Lu­cen­tis in­jec­tions. The com­pa­ny, though, mined da­ta sug­gest­ing that if you just carved out neo­vas­cu­lar­iza­tion pa­tients, you could see a ben­e­fit over place­bo. And that’s what they took in­to Phase III.

The biotech said on Feb­ru­ary 14 that it had about $13.5 mil­lion in cash and equiv­a­lents at the end of the year af­ter burn­ing through $7 mil­lion in the fourth quar­ter.

At the time, Ohr CEO Ja­son Slak­ter com­ment­ed on the halt to en­rolling new pa­tients af­ter re­cruit­ing 200 for its Phase III, say­ing:

This ap­proach is in­tend­ed to pro­vide prospec­tive ef­fi­ca­cy da­ta be­fore year end 2017 to en­able us to po­ten­tial­ly con­firm the vi­su­al acu­ity ben­e­fits ob­served in the pa­tient pop­u­la­tion we iden­ti­fied as the most like­ly to ben­e­fit from Squalamine com­bi­na­tion ther­a­py. Giv­en the re­cent study read­outs from oth­er com­bi­na­tion ther­a­py agents and the re­ac­tion to these re­sults, we feel that a change in our clin­i­cal de­vel­op­ment pro­gram is war­rant­ed.

Inside FDA HQ (File photo)

The FDA just ap­proved the third Duchenne MD drug. And reg­u­la­tors still don’t know if any of them work

Last year Sarepta hit center stage with the FDA’s controversial reversal of its CRL for the company’s second Duchenne muscular dystrophy drug — after the biotech was ambushed by agency insiders ready to reject a second pitch based on the same disease biomarker used for the first approval for eteplirsen, without actual data on the efficacy of the drug.

On Wednesday the FDA approved the third Duchenne MD drug, based on the same biomarker. And regulators were ready to act yet again despite the lack of efficacy data.

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Cell and Gene Con­tract Man­u­fac­tur­ers Must Em­brace Dig­i­ti­za­tion

The Cell and Gene Industry is growing at a staggering 30% CAGR and is estimated to reach $14B by 20251. A number of cell, gene and stem cell therapy sponsors currently have novel drug substances and products and many rely on Contract Development Manufacturing Organizations (CDMO) to produce them with adherence to stringent regulatory cGMP conditions. Cell and gene manufacturing for both autologous (one to one) and allogenic (one to many) treatments face difficult issues such as: a complex supply chain, variability on patient and cellular level, cell expansion count and a tight scheduling of lot disposition process. This complexity affects quality, compliance and accountability in the entire vein-to-vein process for critically ill patients.

Franz-Werner Haas, CureVac CEO

UP­DAT­ED: On the heels of a snap $1B raise, Cure­Vac out­lines plans to seek emer­gency OK for their Covid-19 vac­cine in a mat­ter of months

CureVac is going from being one of the quietest players in the race to develop a new vaccine to fight the worst public health crisis in a century to a challenger for the multibillion-dollar market that awaits the first vaccines to make it over the finish line. Typically low-key at a time of brash comments and incredibly ambitious development timelines from the leaders, CureVac now is jumping straight into the spotlight.

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US gov­ern­ment re­port­ed­ly be­gins prepar­ing for Covid-19 chal­lenge tri­als. Are they eth­i­cal?

Controversial human challenge trials for potential Covid-19 vaccines reportedly have a new booster — the US government.

Scientists working for the government have begun manufacturing a strain of the novel coronavirus that could be used in such studies, Reuters reported Friday morning. The trials would enroll healthy volunteers to be vaccinated and then intentionally infected with a weakened coronavirus.

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Trevor Martin (Mammoth)

Eye­ing in-vi­vo edit­ing, Mam­moth li­cens­es Jen­nifer Doud­na’s new CRISPR en­zyme

Last month, Jennifer Doudna revealed in Science a new, “hyper-compact” CRISPR enzyme that was half the size of traditional CRISPR enzymes and could, she suspected, offer a new, more versatile tool for gene editing.

Now, the University of California-Berkeley has licensed that enzyme, known as Casφ, exclusively to a biotech startup she and two former students set up three years ago: Mammoth Biosciences. It’s the second new CRISPR protein Mammoth has licensed from Doudna’s lab, after they licensed Cas14 in 2019.

Sanofi vet Kather­ine Bowdish named CEO of PIC Ther­a­peu­tics; As the world Terns: Liv­er dis­ease biotech makes ex­ec­u­tive changes

PIC Therapeutics hasn’t raised much money, yet. But the fledgling biotech has attracted a high-profile player to the helm.

The Boston-based biotech has handed the reins to Katherine Bowdish as its president and CEO. Bowdish will also join the board of directors of PIC. Bowdish joins from Sanofi where she served as VP and head of R&D strategy, as well as helping launch and lead Sanofi Sunrise, a venture investment and partnering vehicle at Sanofi. Before that, Bowdish held several exec roles at Permeon Biologics, Anaphore, Alexion Pharmaceuticals and Prolifaron (acquired by Alexion).

Clockwise from left: Canaccord Genuity principal Michelle Gilson, Canaccord Genuity CSO Brian Mueller and BioMarin CSO Hank Fuchs (Canaccord Genuity webcast)

Bio­Marin CSO diss­es ri­vals for the he­mo­phil­ia A gene ther­a­py crown: Way be­hind, fac­ing big re­cruit­ment chal­lenges and at best a .6 on the gen-one scale

The leader in the race to a hemophilia A gene therapy does not like to be compared unfavorably to the competition. And when their top execs do the comparing, don’t look for any modesty — BioMarin, they say, owns the lead.

As Factor VIII expression wanes over time, quite a few analysts have raised questions about the kind of future BioMarin’s gene therapy — a supposed once-and-done treatment — faces if it stops working. But just 7 days away from their PDUFA date, with high odds of success, the top execs clearly feel that they are way out front, while promising their rivals will discover there’s a tough slog ahead trying to pursue trials where large numbers of patients are ineligible for new therapies.

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Cal­lid­i­tas bets up to $102M on a biotech buy­out, snag­ging a once-failed PBC drug

After spending years developing its oral formulation of the corticosteroid budesonide, Sweden’s Calliditas now has its sights set on the primary biliary cholangitis field.

The company will buy out France-based Genkyotex, and it’s willing to bet up to €87 million ($102 million) that Genkyotex’s failed Phase II drug, GKT831, will do better in late-stage trials.

Under the current agreement, Calliditas $CALT will initially pay €20.3 million in cash for 62.7% of Genkyotex (or €2.80 a piece for 7,236,515 shares) in early October, then circle back for the rest of Genkyotex’s shares under the same terms. If nothing changes, the whole buyout will cost Calliditas €32.3 million, plus up to  €55 million in contingent rights.

James Wilson, WuXi Global Forum at JPM20

FDA puts up a red light for Pas­sage Bio’s first gene ther­a­py pro­gram, de­lay­ing a pro­gram from James Wilson's group at Penn

Gene therapy pioneer James Wilson spearheaded animal studies demonstrating the potential of new treatments injected directly into the brain, looking to jumpstart a once-and-done fix for an extraordinarily rare disease called GM1 gangliosidosis in infants. His team at the University of Pennsylvania published their work on monkeys and handed it over to Passage Bio, a Wilson-inspired startup building a pipeline of gene therapies — with an IND for PBGM01 to lead the way.

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