Uni­ty's ear­ly longevi­ty da­ta look 'en­cour­ag­ing'; Adap­tive Biotech­nolo­gies looks to raise $200M in IPO

Bob Nelsen-backed longevi­ty start­up Uni­ty $UBX on Tues­day un­veiled the first ever in-hu­man da­ta on its drug, UBX0101, which is de­signed to de­lay the ag­ing process by snuff­ing senes­cent (old) cells. The first part (A) of the small Phase I study test­ed mul­ti­ple dos­es of the os­teoarthri­tis drug against a place­bo — while the sec­ond por­tion (B) eval­u­at­ed the high­est 4 mg dose of UBX0101 ver­sus a place­bo. The main goal of the study was safe­ty and tol­er­a­bil­i­ty, which was met. In terms of sec­ondary goals such as pain, da­ta from part A were pos­i­tive, with signs of im­prove­ments in pain and func­tion­al scores. Part B re­sults were nu­mer­i­cal­ly su­pe­ri­or in terms of pain and func­tion­al­i­ty, but not deemed sta­tis­ti­cal­ly sig­nif­i­cant. “Our con­clu­sion from the Part A da­ta mea­sure­ments are en­cour­ag­ing… For Part B, we be­lieve more fre­quent dos­ing and longer-term ob­ser­va­tion could lead to im­prove­ments across the pain and func­tion scales,” Can­tor Fitzger­ald an­a­lysts wrote in a note en­ti­tled “Proof Of Con­cept: Check, but More Work is Still to Be Done.”

→ Seat­tle-based ge­net­ic test mak­er Adap­tive Biotech­nolo­gies on Mon­day broke out the terms of its IPO. The com­pa­ny — which mon­i­tors and en­ables the treat­ment of dis­eases such as can­cer, au­toim­mune con­di­tions and in­fec­tious dis­eases — has two com­mer­cial prod­ucts and oth­ers in the pipeline to di­ag­nose. It said in a fil­ing that it plans to raise $200 mil­lion by of­fer­ing 12.5 mil­lion shares at a price range of $15 to $17. The com­pa­ny plans to list on the Nas­daq un­der the sym­bol “$ADPT.”

→ While the few drug de­vel­op­ers in the an­tibi­ot­ic space strug­gle to keep afloat and ag­o­nize over the scarce in­cen­tives in place de­signed to en­cour­age drug de­vel­op­ment, UK’s Sum­mit Ther­a­peu­tics $SMMT is hop­ing its des­tiny is dif­fer­ent. The drug de­vel­op­er — which is in the lat­ter stages of de­vel­op­ing its an­tibi­ot­ic, ri­dini­la­zole, to tack­le the stub­born C. dif­fi­cile in­fec­tion (a prime tar­get of the fe­cal mi­cro­bio­ta trans­plant and “crap­sule” field) — on Tues­day said that BAR­DA has en­hanced its award for the clin­i­cal and reg­u­la­to­ry de­vel­op­ment of  ri­dini­la­zole to up to $63.7 mil­lion.

→ While In­trex­on $XON (and UK unit Ox­itec) works on erad­i­cat­ing Zi­ka us­ing its bio­engi­neered self-lim­it­ing Aedes ae­gyp­ti mos­qui­to, it has al­so mus­cled its way in­to the om­nipresent cannabis busi­ness. On Tues­day, the com­pa­ny said it had inked a deal with Surter­ra Well­ness worth up to $100 mil­lion. Un­der the part­ner­ship, In­trex­on’s yeast fer­men­ta­tion tech­nol­o­gy will be em­ployed to make Surter­ra’s cannabi­noids pro­duc­tion cost-ef­fec­tive — In­trex­on is on track to re­al­ize the pro­duc­tion of pure cannabi­noids at a tar­get cost of goods of <$1,000/kg, it said. “With In­trex­on, Surter­ra will be a leader in bring­ing to mar­ket prod­ucts fea­tur­ing rare cannabi­noids that are tra­di­tion­al­ly too chal­leng­ing to com­mer­cial­ize via agri­cul­tur­al meth­ods, de­liv­er­ing to pa­tients and con­sumers high­ly cred­i­ble nat­ur­al reme­dies as we chal­lenge in­cum­bents in the nu­traceu­ti­cal and phar­ma­ceu­ti­cal space,” said Jay Holmes, ex­ec­u­tive di­rec­tor of strat­e­gy at Surter­ra Well­ness, in a state­ment. This the sec­ond deal be­tween the two com­pa­nies this year.

→ Gene ther­a­py de­vel­op­er Abeona Ther­a­peu­tics has notched a fast track des­ig­na­tion for its or­phan drug ABO-202, which is de­signed to treat CLN1 dis­ease, al­so known as in­fan­tile Bat­ten dis­ease. It does so by de­liv­er­ing a func­tion­al copy of the PPT1 gene to pa­tients who are un­able to pro­duce a cru­cial lyso­so­mal en­zyme.

→ The FDA has ex­pand­ed the use of No­vo Nordisk’s Vic­toza to a much younger pop­u­la­tion. The old GLP-1 ana­log is now ap­proved to treat pa­tients with type 2 di­a­betes as young as 10 at a time more than 5,000 new cas­es of the dis­ease are di­ag­nosed in youth un­der age 20 every year, the agency said.

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.

Endpoints News

Basic subscription required

Unlock this story instantly and join 55,200+ biopharma pros reading Endpoints daily — and it's free.

Michel Vounatsos, Getty Images

UP­DAT­ED: Stay tuned: Bio­gen’s num­bers are great — it’s their wor­ri­some fu­ture that leaves an­a­lysts skit­tish

Biogen came out with an upbeat assessment of their Q2 numbers today, discounting the arrival of a key rival for its blockbuster Spinraza franchise. But the top execs remain grimly determined to not say much anything new about the sore points that have dragged down its stock, including the future of its big investment in Alzheimer’s or how it plans to invest the considerable cash that the big biotech continues to reap.

Endpoints News

Basic subscription required

Unlock this story instantly and join 55,200+ biopharma pros reading Endpoints daily — and it's free.

Why wait? Cel­gene re­struc­tures a big Jounce pact — ze­ro­ing in on new I/O path­way with $530M deal and bump­ing ICOS

Celgene’s business team isn’t waiting for the big merger with Bristol-Myers Squibb to go through before syncing its strategy with the new mother ship.

Tuesday evening the big biotech unveiled a $530 million deal — $50 million in upfront cash — to amend their alliance with Jounce Therapeutics $JNCE to gain worldwide rights to JTX-8064, an antibody that targets the LILRB2 receptor on macrophages. Their old, $2.6 billion deal is being scrapped, leaving Jounce with a pipeline that includes the lead drug, the ICOS-targeting vopratelimab.

PACT Phar­ma says it's per­fect­ed the tech to se­lect neoanti­gens for per­son­al­ized ther­a­py — now on­to the clin­ic

At PACT Pharma, the lofty goal to unleash a “tsunami” of T cells personalized for each patient has hinged on the ability to correctly identify the neoantigens that form something of a fingerprint for each tumor, and extract the small group of T cells primed to attack the cancer. It still has a long way to go testing a treatment in humans, but the biotech says it has nailed that highly technical piece of the process.

UP­DAT­ED: My­ovan­t's uter­ine fi­broid drug looks com­pet­i­tive in PhI­II — but can they van­quish mighty Ab­b­Vie?

Vivek Ramaswamy’s Myovant $MYOV has closely matched its positive first round of Phase III data for their uterine fibroid drug relugolix, setting up a head-to-head rivalry with pharma giant AbbVie as the little biotech steers to the market with a planned filing in Q4.

Here’s how Myovant plans to prevail over the AbbVie $ABBV empire.

In the study, 71.2% of women receiving once-daily relugolix combination therapy achieved the clinical response they were looking for, compared to only 14.7% in the control arm. The data comfortably reflected the same outcomes in the first Phase III — 73.4% of women receiving once-daily oral relugolix combination therapy achieved the responder criteria compared with 18.9% of women receiving placebo — which will reassure regulators that they are getting the carefully randomized data that qualifies for the FDA’s gold standard for success.

Lit­tle Mar­i­nus sees its shares eclipsed as the Sage ri­val fails to com­pare on PPD in PhII

The executive team at Sage $SAGE have skirted another potential pitfall on its way to racking up a big future for its depression drug Zulresso.

Little Marinus Pharmaceuticals $MRNS had sought to challenge the Sage drug with an IV formulation — followed by an oral version — of ganaxolone for postpartum depression. But researchers say their Phase II study failed to positively differentiate itself from a placebo at 28 days — leaving them to hold up “clinically meaningful” data within the first day of administration compared to the control arm.

Roche cuts loose Tam­i­flu OTC rights, hand­ing Sanofi the keys as the phar­ma gi­ant dou­bles down on Xofluza

Roche set out to make a better flu medicine than Tamiflu as that franchise was headed to a generic showdown. Now they’ll see just how well Xofluza stacks up against the mainstay drug after handing off over-the-counter rights in the US to Sanofi.

Sanofi $SNY says it will now step in to negotiate a deal with the FDA to steer Tamiflu into the OTC market, a role that could well involve new studies to ease passage of the drug out of doctor’s hands and into the consumer end of the market. And the French pharma giant will have first dibs over “selected” OTC markets around the world as they push ahead.

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.

Endpoints News

Basic subscription required

Unlock this story instantly and join 55,200+ biopharma pros reading Endpoints daily — and it's free.

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.