With a deep­er dis­count in place, NICE now ready to en­dorse use of No­var­tis' Kym­ri­ah in adult lym­phoma pa­tients

Looks like No­var­tis has made nice with UK’s NICE. The cost-ef­fec­tive­ness watch­dog re­versed its Sep­tem­ber po­si­tion to en­dorse the Swiss drug­mak­er’s CAR-T ther­a­py, Kym­ri­ah, in adult lym­phoma pa­tients, af­ter ac­cept­ing a deep­er dis­count on a ther­a­py that car­ries a list price of £282,000 (rough­ly $368232), it said on Fri­day.

Kym­ri­ah was the first CAR-T drug to win ap­proval in the Unit­ed States and Eu­rope, but sales have suf­fered due to man­u­fac­tur­ing wob­bles. Still, the com­pa­ny ex­pects the drug — which reengi­neers a pa­tient’s’ im­mune cells to rec­og­nize and at­tack can­cer — to even­tu­al­ly gen­er­ate block­buster sales.

NICE, in a draft re­view in Sep­tem­ber, said al­though the treat­ment has sig­nif­i­cant clin­i­cal ben­e­fit, No­var­tis has not pro­vid­ed any da­ta com­par­ing its use to that of last-re­sort chemother­a­py, the stan­dard of care in the pa­tient pop­u­la­tion. It al­so said the im­munother­a­py was far too ex­pen­sive to rec­om­mend for use in adults with lym­phoma, but sep­a­rate­ly en­dorsed its use in leukemia pa­tients up to the age of 25. On Thurs­day, the BBC re­port­ed that an 11-year-old boy with leukemia was the first NHS pa­tient to be giv­en Kym­ri­ah, af­ter pri­or treat­ment failed to keep his can­cer at bay.

On Fri­day, NICE said adult lym­phoma pa­tients would be able to gain ac­cess to the drug via the Can­cer Drugs Fund — a fund that aims to make promis­ing can­cer drugs avail­able to pa­tients be­fore they are ful­ly sanc­tioned for use in the NHS. “CAR T-cell ther­a­py is ex­pen­sive, how­ev­er the treat­ment is spe­cif­ic to each in­di­vid­ual and could be a po­ten­tial cure for some, al­though it is ear­ly days. Our rec­om­men­da­tion for…the Can­cer Drugs Fund means peo­ple can ben­e­fit while more da­ta is col­lect­ed,” the agency said in a state­ment.

No­var­tis’ re­cent en­gage­ment with NICE has not been smooth-sail­ing. Last month, NICE re­fused to en­dorse No­var­tis’ mi­graine-pre­ven­tion treat­ment Aimovig, say­ing the to­tal­i­ty of the da­ta sup­port­ing the med­i­cine did not in­clude all “rel­e­vant” com­par­isons against ex­ist­ing drugs and out­comes. The com­pa­ny is work­ing with the agency to see whether that de­ter­mi­na­tion can be changed, but more im­por­tant­ly, it will be hop­ing to stay on good terms with agency ahead of the ex­pect­ed ap­proval of its SMA gene-ther­a­py, Zol­gens­ma. If ap­proved, the drug­mak­er thinks it would be jus­ti­fied in charg­ing be­tween $4 mil­lion to $5 mil­lion for the ther­a­py, a price that will all but cer­tain in­spire crit­i­cism from NICE.

Aerial view of Genentech's campus in South San Francisco [Credit: Getty]

Genen­tech sub­mits a big plan to ex­pand its South San Fran­cis­co foot­print

The sign is still there, a quaint reminder of whitewashed concrete not 5 miles from Genentech’s sprawling, chrome-and-glass campus: South Francisco The Industrial City. 

The city keeps the old sign, first erected in 1923, as a tourist site and a kind of civic memento to the days it packed meat, milled lumber and burned enough steel to earn the moniker “Smokestack of the Peninsula.” But the real indication of where you are and how much has changed both in San Francisco and in the global economy since a couple researchers and investors rented out an empty warehouse 40 years ago comes in a far smaller blue sign, resembling a Rotary Club post, off the highway: South San Francisco, The Birthplace of Biotech.

Here comes the oral GLP-1 drug for di­a­betes — but No­vo Nordisk is­n't dis­clos­ing Ry­bel­sus price just yet

Novo Nordisk’s priority review voucher on oral semaglutide has paid off. The FDA approval for the GLP-1 drug hit late Friday morning, around six months after the NDA filing.

Rybelsus will be the first GLP-1 pill to enter the type 2 diabetes market — a compelling offering that analysts have pegged as a blockbuster drug with sales estimates ranging from $2 billion to $5 billion.

Ozempic, the once-weekly injectable formulation of semaglutide, brought in around $552 million (DKK 3.75 billion) in the first half of 2019.

As Nas­daq en­rolls the fi­nal batch of 2019 IPOs, how have the num­bers com­pared to past years?

IGM Biosciences’ upsized IPO haul, coming after SpringWorks’ sizable public debut, has revved up some momentum for the last rush of biotech IPOs in 2019.

With 39 new listings on the books and roughly two more months to go before winding down, Nasdaq’s head of healthcare listings Jordan Saxe sees the exchange marking 50 to 60 biopharma IPOs for the year.

“December 15 is usually the last possible day that companies will price,” he said, as companies get ready for business talks at the annual JP Morgan Healthcare Conference in January.

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Oxitec biologist releases genetically modified mosquitoes in Piracicaba, Brazil in 2016 [credit: Getty Images]

In­trex­on unit push­es back against claims its GM mos­qui­toes are mak­ing dis­ease-friend­ly mu­tants

When the hysteria of Zika transmission sprang into the American zeitgeist a few years ago, UK-based Oxitec was already field-testing its male Aedes aegypti mosquito, crafted to possess a gene engineered to obliterate its progeny long before maturation.

But when a group of independent scientists evaluated the impact of the release of these genetically-modified mosquitoes in a trial conducted by Oxitec in Brazil between 2013 and 2015, they found that some of the offspring had managed to survive — prompting them to speculate what impact the survivors could have on disease transmission and/or insecticide resistance.

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Pur­due threat­ens to walk away from set­tle­ment, asks to pay em­ploy­ees mil­lions in bonus­es

There are two updates on the lawsuit against Purdue Pharma over its role in fueling the opioid epidemic, as the Sackler family threatens to walk away from their pledge to pay out $3 billion if a bankruptcy judge does not stop outstanding state lawsuits against them. At the same time, the company has asked permission to pay millions in bonuses to select employees.

Purdue filed for chapter 11 bankruptcy this week as part of its signed resolution to over 2,000 lawsuits. The deal would see the Sackler family that owns Purdue give $3 billion from their personal wealth and the company turned into a trust committed to curbing and reversing overdoses.

While No­var­tis ban­ish­es Zol­gens­ma scan­dal scars — Bio­gen goes on a Spin­raza 'of­fen­sive'

While Novartis painstakingly works to mop up the stench of the data manipulation scandal associated with its expensive gene therapy for spinal muscular atrophy (SMA) Zolgensma— rival Biogen is attempting to expand the use of its SMA therapy, Spinraza. 

The US drugmaker $BIIB secured US approval for Spinraza for use in the often fatal genetic disease in 2016. The approval covered a broad range of patients with infantile-onset (most likely to develop Type 1) SMA. 

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Eye­ing big ther­a­peu­tic push, Gink­go bags $290M to build a cell pro­gram­ming em­pire

Ginkgo Bioworks is on a roll. Days after publicizing a plan to nurture new startups via partnerships with accelerators Y Combinator and Petri, the Boston biotech says it has raised another $290 million for its cell programming platform to reach further and wider.

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UP­DAT­ED: Speak­er Nan­cy Pelosi to un­veil bill for fed­er­al­ly ne­go­ti­at­ed drug prices

After months of buzz from both sides of the aisle, Speaker Nancy Pelosi will today introduce her plan to allow the federal government to negotiate prices for 250 prescription drugs, setting up a showdown with a pharmaceutical industry working overtime to prevent it.

The need to limit drug prices is a rare point of agreement between President Trump and Democrats, although the president has yet to comment on the proposal and will likely face pressure to back a more conservative option or no bill at all. Republican Senator Chuck Grassley is reportedly lobbying his fellow party members on a more modest proposal he negotiated with Democratic Senator Ron Wyden in July.

Jeff Kindler's Cen­trex­ion re­news bid to make pub­lic de­but

Jeffrey Kindler’s plan to take his biotech — which is developing a slate of non-opioid painkillers — public, is back on.

The Boston based company, led by former Pfizer $PFE chief Kindler, originally contemplated a $70 million to $80 million IPO last year— but eventually postponed that strategy. On Wednesday, the company revived its bid to make a public debut in a filing with the SEC — although no pricing details were disclosed.