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Sunday, July 17, 2011

Fwd: | 07.11.11 | Amgen widens cancer R&D reach in $1B-plus Micromet deal



-------- Original Message --------
Subject: | 07.11.11 | Amgen widens cancer R&D reach in $1B-plus Micromet deal
Date: Mon, 11 Jul 2011 12:31:31 -0400 (EDT)
From: FierceBiotech <editors@fiercebiotech.com>
Reply-To: editors@fiercebiotech.com
To: nbrauchitsch@yahoo.com


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July 11, 2011

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This week's sponsor is Rules-Based Medicine.

Today's Top Stories
1. Amgen widens cancer reach in $1B-plus Micromet deal
2. Sanofi MS drug shines, biotech strategy advances
3. Merrimack Pharma takes shot at $172.5M IPO with cancer contenders
4. Reports: Scrutiny of European rules to spur trials of pediatric drugs
5. Titan Pharma aims to carry Ph3 success to FDA meeting

Also Noted: Novella Clinical
Spotlight On... Timmerman: Biotech success demands guts
Pharmas restock pipelines amid rise in FDA approvals; Watson inks pact to market experimental overactive bladder treatment; and much more...

More Fierce Life Sciences News:
1. IBM cloud aids fight against superbugs
2. Novartis' desire for deals to return soon, CEO says
3. SurgiQuest closes $19M round


This week's sponsor is Perceptive Informatics.

You asked for it…DataLabs EDC – Designed for you!



Sponsor: An Expert Briefing: Biotechnology 101

FierceLive! Webinars

> An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist

Events

> BioImmersion: Biotech for the Non-Scientist - July 13-15, 2011 - Chicago, IL
> Partnerships in Clinical Trials Latin America - Aug 2011 - Sao Paolo, BR
> Rutgers Mini MBA: BioPharma Innovation Program
> Skill-building and Summer Fun in Boston!
> Disruptive Innovations in Clinical Trials - September 15-16, 2011 - Philadelphia, PA
> Partnership Opportunities in Drug Delivery - October 5-6, 2011 - Boston, MA
> BIO China 2011 - October 12-13 - Shanghai, China

Marketplace

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Today's Top News

1. Amgen widens cancer reach in $1B-plus Micromet deal

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Amgen, the world's largest biotech, has firing up another deal to advance its expanded emphasis on cancer drug development. The biotech Micromet says that Amgen has become its latest major partner in the development of specialized antibody drugs that kick the body's immune system into action against tumors.

For now, Micromet and Amgen aren't revealing which specific cancer targets are involved in the deal, but Amgen has the option to develop and commercialize Micromet's drugs against up to two solid tumor targets of its choosing. For this, Amgen is paying Micromet $14.1 million upfront. Micromet says that it could earn total potential payments from the two programs with Amgen of $977.1 million, which, when added to the down payment and potential sales royalties, puts this deal into the potential $1 billion-plus strata.

For Amgen ($AMGN), the deal appears to be another in a number of calculated steps to build up its pipeline of novel cancer drugs, building on its potential $1 billion buyout of BioVex announced in January. With the Micromet ($MITI) deal, Amgen gets its hands on the developer's so-called BiTE antibodies, which pack a unique punch against cancer because they are designed to recruit the body's own soldier T cells to attack tumor cells. Micromet's technology has already helped the developer grab partnerships with major drug companies such as Bayer, Boehringer Ingelheim and Sanofi, among others.

"The BiTE antibody provides an innovative approach to cancer therapy," Roger Perlmutter, head of R&D at Amgen, said. "Amgen is pleased to collaborate with the Micromet scientific team to deploy this technology against targets for the treatment of solid tumors."

- here's Micromet's release
- see Reuters' coverage

Related Articles:
Micromet drug shows promise against severe blood cancer
Micromet inks $475M antibody deal with Sanofi
Micromet - 2004 Fierce 15 revisited
Amgen bets $1B on BioVex's dual-mechanism cancer therapy

Read more about: antibodies, Amgen, Micromet, Biotech deals
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An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist - Tuesday, July 26th, 1 pm ET / 10 am PT

Join us as we define biotechnology and briefly explore the various biotechnology sectors. We will also focus on the healthcare sector and explain how basic science and technology are used during the drug discovery process.
Topics include: DNA, Proteins, Recombinant DNA, Small and Large Molecule Drugs, and more Register today.



2. Sanofi MS drug shines, biotech strategy advances

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Sanofi is seeing its increased focus on biotech drugs go according to plan, with positive results today from a late-stage trial of a multiple sclerosis treatment, Lemtrada, which the French drugmaker picked up through its $20 billion-plus buyout of biotech powerhouse Genzyme earlier this year.

The study was an overall success, according to Sanofi ($SNY). In the Phase III trial comparing Lemtrada (or alemtuzumab) to Merck KGaA's approved MS drug Rebif, patients on Lemtrada showed a 55% reduction in relapse rates over a two-year period, meeting the primary goal of the study. Yet the drug fell short on showing a statistically significant reduction in disability rates compared to Rebif, which was the second primary endpoint of the study.

Sanofi, whose Genzyme unit is developing Lemtrada for MS in partnership with Bayer Healthcare, can tout the results from this trial as it sells its non-core Dermik dermatology products business to Canadian drug company Valeant Pharmaceuticals $435 million in cash. The French pharma giant had previously revealed plans to sell off skin care products and ratchet up its focus on developing new treatments like Lemtrada.

"Our strategy is based upon our growth platforms and innovation," Sanofi CEO Christopher Viehbacher said in a statement in connection with the Dermik sale. "This divestiture allows us to rationalize our portfolio and improve focus on our core businesses."

Lemtrada still faces some tests en route to regulatory approval, for which Sanofi plans to file in the U.S. and European Union in early 2012. The late-stage trial in today's news, Care-MS I, tested the drug in patients with relapsing remitting forms of MS who had received no prior therapy. The company plans to reveal results from a trial dubbed Care-MS II in the fourth quarter of this year that recruited MS patients who had relapsed while on therapy, and success in that trial would help further distinguish Lemtrada as a potent new option for certain patients with the autoimmune disease.

"(Lemtrada) is relatively effective but we need to have more details on the side effects, which are key in MS drugs," Jean-Jacques Le Fur, an analyst at Oddo & Cie. in Paris, told Bloomberg this morning. "It's a bit surprising" that the study's second target wasn't reached, he said.

- here's Sanofi's release on Lemtrada
- read Bloomberg's report
- see what Reuters reported

Related Articles:
Sanofi teams with Rib-X on new crop of antibiotics
Sanofi puts "open innovation" game plan to work on hearing loss

Read more about: multiple sclerosis, Genzyme, Merck KgAA, Rebif
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3. Merrimack Pharma takes shot at $172.5M IPO with cancer contenders

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Cancer drug developer Merrimack Pharmaceuticals has decided to tread in the cool IPO waters. The Cambridge, MA-based firm said on Friday that it wanted to raise as much as $172.5 million in a public debut, on the strength of its experimental targeted cancer drugs and partnership with French drug giant Sanofi.

The company, founded in 1993, says that its strategy is to develop cancer drugs against specific growth drivers of tumors with companion diagnostics. Sanofi shelled out $60 million upfront to Merrimack to co-develop its lead antibody drug, called MM-121, which targets ErbB3 receptors on cells and is believed to play a role in cancer growth in a variety of tumors. Another top contender in the firm's pipeline is MM-398, which is a nano-encapsulated version of an approved chemotherapy drug that is expected to enter Phase III clinical trials for patients with pancreatic cancer by the end of this year. The company wants to trade on the Nasdaq under the ticker "MACK."

Like most other IPO candidates in biotech before it, Merrimack is asking investors to make a bet on its future prospects--as the firm has no product revenue sales and loses millions of dollars per year. The biotech had an accumulated deficit of $285.1 million as of March 31, according to an SEC filing. And the firm appears to be years away from having any product revenue. While Merrimack hasn't yet disclosed how much it wants to sell its share for in its proposed IPO, previous biotechs that have completed such offerings like Ironwood and Aveo have had to settle for lower IPO prices than the firms initially sought.

Still, Merrimack has some of the makings of a potential public biotech. It's got a high-profile partnership with a Big Pharma in Sanofi, four experimental drugs in clinical trials, and piece of the action in the always-hot field of oncology. The IPO market has been shrill toward biotechs with similar prospects in the past, but we'll see how public investors react to Merrimack's proposal in the months to come. Its backers such as Credit Suisse First Boston, Fidelity Investments, TPG-Axon Partners and others have millions riding on the proposed IPO's success.

- here's the company's SEC filing for the IPO
- check out the Wall Street Journal's report
- read Reuters' article

Related Articles:
Merrimack ropes back international rights to cancer drug in $220M pact
Sanofi executes a billion-dollar package of deals
Merrimack raises $77M for cancer work

Read more about: Biotech IPO, Merrimack Pharmaceuticals
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4. Reports: Scrutiny of European rules to spur trials of pediatric drugs

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

It's well known that there's been a lack of drug development for the pediatric market. Yet reports in the Financial Times explore whether recent incentives in Europe for developers to address the dearth of pediatric drugs are too sweet.

Taking effect in 2007, the European regulations give drug companies additional marketing exclusivity for drugs in return for their investment in developing medicines for children. The regulations have brought both huge jump in the number of applications to develop pediatric drugs and criticisms from those who believe the program could sidetrack developers from investing in important treatments for adults, the Financial Times reports.

Pfizer ($PFE), which plans to introduce a chewable form of hit anti-cholesterol drug Lipitor in Europe in November, could reap an additional six months of marketing exclusivity in EU countries in return for developing the pediatric form of the drug. That additional time without competition to low-cost generic versions of the heart pill could be worth about $800 million to Pfizer, according to an FT report.

- check out the FT articles on the policy issue and Pfizer's potential coup

Related Articles:
Children often an afterthought in drug development
Pediatric program helps spur new drug research
Pfizer bids for $770M Lipitor extension in EU

Read more about: Drug Development, Lipitor, Pfizer, pediatric drug development
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5. Titan Pharma aims to carry Ph3 success to FDA meeting

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Titan Pharmaceuticals might have some momentum going into its planned talks with U.S. regulators this fall. The South San Francisco-based developer is reporting positive results of a confirmatory Phase III trial of its lead drug for opioid dependence.

With opioid addiction raging, Titan's late-stage trial of its treatment Probuphine showed that the drug was superior to a placebo in staving off illicit use of opioids over a 24-week period and it met its goal of showing non-inferiority to the approved treatment Suboxone (which has the generic name buprenorphine). Further data from the trial will be revealed in the coming weeks and at a scientific meeting later this year.

For now, Titan can claim a victory for Probuphine, which releases buprenorphine through an implant over the course of 6 months to boost compliance among patients with opioid dependence. The treatment is the most advanced in the small company's pipeline, making its success key to the company's business.

"We are highly encouraged by these compelling findings, which confirm the positive results from our previously reported, placebo-controlled study, and believe that Probuphine represents an important medical advance in the effective treatment of patients suffering from opioid addiction," Katherine Beebe, Titan's chief development officer, said. "We look forward to continuing our ongoing dialogue with regulatory authorities to efficiently advance Probuphine toward approval and also to progressing discussions with potential commercialization business partners."

- here's Titan's release

Related Articles:
Titan takes $5M loan for studies on opioid addiction treatment
Titan execs exit posts in ongoing shakeup

Read more about: Phase III, Titan Pharmaceuticals, R&D, opioids
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Also Noted

This week's sponsor is Novella Clinical.

Your goal is to give people more opportunities to enjoy life's little moments. We’re proud to be a part of your mission, and promise to give you the individual attention you deserve, with therapeutic and in-country expertise to help reach your goal.

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SPOTLIGHT ON... Timmerman: Biotech success demands guts

With the odds stacked against them, intrepid biotech entrepreneurs have weathered the risky nature of drug development for decades in hopes of having an unlikely success. In these troubled financial times, however, Xconomy's Luke Timmerman writes today that developers need to keep their nerve to maintain their edge in this difficult industry. Indeed, behind some of the industry's successful drugs are those who wanted to quit on the drugs during development and those who championed further testing of the treatments. Column

@FierceBiotech: Pfizer's potential offload of biz units could aid R&D prospects. Article | Follow @FierceBiotech

> Watson Pharmaceuticals has shelled out an undisclosed sum to sell Antares Pharma's experimental treatment for overactive bladder in the U.S. and Canada. Report

> TheStreet's Adam Feuerstein writes about the odds that developer Oncothyreon's ($ONTY) will succeed with its late-stage trial of a cancer immunotherapy Stimuvax in lung cancer patients. Item

> Alnylam Pharmacueticals, a developer of gene-silencing drugs calls RNAi therapeutics, has asked regulators for permission to begin a Phase I clinical trial of its drug ALN-PCS for severe hypercholesterolemia. The firm hopes to begin the trial by the end of this year. Release

> Acura Pharmaceuticals has appointed Robert B. Jones as its new president and CEO, replacing Andy Reddick, who passed away on April 28. Jones has been in the position on an interim basis since Reddick's death. Story

> Biogen Idec ($BIIB) vet Andrew Hirsch has joined Waltham, MA-based biotech startup Avila Therapeutics as the firm's first chief financial officer. Release

Pharma News

@FiercePharma: Nine of 10 Big Pharmas cut sales reps in 2010. Report | Follow @FiercePharma

> Valeant snaps up Sanofi's Dermik for $425M. News

> Bayer's Yasmin to face EU generics this year. Story

> Pfizer bids for $770M Lipitor extension in EU. Item

Biotech IT News

> Two computational biology standouts honored. Report

> IBM cloud aids fight against superbugs. Story

> Health informatics giant Optum changes CEOs. Article

> Sequencing giant BGI advances in bioinformatics game. Report

> BioTox buys CRO Bio-Quant, eyes software integration. Story

> Biomolecular computer shows promise in detecting disease. Article

Medical Device News

> FDA may change premarket notification requirements for radiology devices. Report

> SurgiQuest closes $19M round. Piece

> QIAGEN amends offer for Cellestis, provides update on Ipsogen. News

> BD gets partial win in patent case. Story

> Medtronic advises doctors of pump problem. Article

> Medtronic buys two surgical products companies. Report

And Finally... The Wall Street Journal reports that, amid a jump in FDA approvals of new drugs this year, pharmas are restocking their pipelines. Article


Webinars


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> An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist

Join us Tuesday, July 26th, 1 pm ET / 10 am PT as we define biotechnology and briefly explore the various biotechnology sectors. We will also focus on the healthcare sector and explain how basic science and technology are used during the drug discovery process. Topics include: DNA, Proteins, Recombinant DNA, Small and Large Molecule Drugs, and more. Register Today



Events


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* General ad info: Click here.

> BioImmersion: Biotech for the Non-Scientist - July 13-15, 2011 - Chicago, IL

Three-day class delivering an in-depth understanding of both fundamental and advanced science and technology concepts. Focusing on the healthcare industry, participants learn about biologics- what they are, how they are discovered, how they are developed and how they are used as therapies. Learn More.

> Partnerships in Clinical Trials Latin America - Aug 2011 - Sao Paolo, BR

The world's leading clinical drug development and outsourcing event returns to Latin America for its 2nd Annual Partnerships in Clinical Trials Latin America meeting- bringing its unique formats, high-level strategic discussions, and unparalleled networking to Sao Paulo, Brazil. Visit www.PCTLA.com.

> Rutgers Mini MBA: BioPharma Innovation Program

Focused learning for science & business professionals to expand business knowledge, creativity and decision making skills in the Biotech & Pharmaceutical industries. Sessions start in September 2011. Learn more at www.cmd.rutgers.edu/mini-mba-biopharma.html. Call 848-445-5526 or biopharma@cmd.rutgers.edu.

> Skill-building and Summer Fun in Boston!

Boston offers exciting summer options for visitors of all ages. You could see a movie in the local park, listen to a concert on City Hall Plaza, or learn to paint on the waterfront. So why not explore Boston in August and build your professional skills at the same time?

> Disruptive Innovations in Clinical Trials - September 15-16, 2011 - Philadelphia, PA

Led by Pfizer and Novartis, this groundbreaking conference delivers only case studies that demonstrate either a disruptive or an innovative approach to advancing clinical trials. Mobile Clinical Trials, Virtual Trials, Open Source Clinical Development are just a few examples of case studies featured. Fierce readers receive 15% off with code FBEL. Register or learn more: click here

> Partnership Opportunities in Drug Delivery - October 5-6, 2011 - Boston, MA

Keynoted by Dr Robert Langer of MIT, this is a strategic level event for pharma and biotech BD&L executives to meet a wide range of drug delivery companies with the latest technologies. Fierce readers receive 15% off with code FBEL. Register or learn more: click here

> BIO China 2011 - October 12-13 - Shanghai, China

Organized by the Biotechnology Industry Organization (BIO) and Shanghai Zhangjiang Hi-Tech Park (Z-Park), BIO China will bring together executives from biotechnology, pharmaceutical companies and investment firms from North America, Europe and Asia to meet and explore business opportunities with China's emerging biotech sector. Registration Now Open.



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Fwd: | 07.13.11 | J&J's success with Hep C partners might hit a snag



-------- Original Message --------
Subject: | 07.13.11 | J&J's success with Hep C partners might hit a snag
Date: Wed, 13 Jul 2011 12:50:05 -0400 (EDT)
From: FierceBiotech <editors@fiercebiotech.com>
Reply-To: editors@fiercebiotech.com
To: nbrauchitsch@yahoo.com


If you are unable to see the message below, click here to view.


July 13, 2011

Sign up for free:
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Refer FierceBiotech to a Colleague

This week's sponsor is Rules-Based Medicine.

Today's Top Stories
1. J&J's success with Hep C partners might hit a snag
2. Transcept Pharma expects bad news on insomnia drug from FDA
3. FDA proposes companion Dx guidelines
4. Sanofi and Regeneron hit goals in RA drug study
5. Biotech Allozyne aims for 'backdoor' public debut

Editor's Corner: Superbug antibiotics: New drugs advance amid R&D shortfall

Also Noted: Novella Clinical
Spotlight On... Merck chief concerned over future U.S. biopharma innovation
Idera Pharma chief upbeat despite setback in Merck KGaA pact; InSite Vision raising $22.2M in financing; and much more...

More Fierce Life Sciences News:
1. MIT's Langer discusses targeted drug delivery
2. Instant nano-delivery vehicle for brain cancer, just add water
3. Penn prof files complaint over ghostwritten Paxil study


This week's sponsor is Perceptive Informatics.

You asked for it…DataLabs EDC – Designed for you!




Editor's Corner

Superbug antibiotics: New drugs advance amid R&D shortfall

By Howard Lovy Comment | Forward | Twitter | Facebook | LinkedIn

It sounds like something out of a science fiction B-movie or a Steven King novel. Out-of-control superbugs that are resistant to anything humans can throw at them. Unfortunately, it's no fiction. It's deadly serious. The problem is so serious that the World Health Organization recently warned of an impending drug-resistance crisis if humanity does not do something quickly. WHO Director-General Margaret Chan forecasted the approach of a "post-antibiotic era, in which many common infections will no longer have a cure and, once again, kill unabated."

The WHO called on governments and researchers to step up funding and discovery of new medicines to take the place of antimicrobial drugs that have been rendered ineffective or useless through the evolution of drug-resistant diseases. At the moment, there is not much to take the place of current antibiotics that are increasingly ineffective.

Today, there are only two Big Pharma companies, GlaxoSmithKline and AstraZeneca, with active antibiotic R&D programs, UPI recently reported, citing the Infectious Diseases Society of America. In 1990, there were nearly 20.

Read the full superbug antibiotics report

Read more about: antibiotics
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Sponsor: An Expert Briefing: Biotechnology 101

FierceLive! Webinars

> An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist

Events

> BioImmersion: Biotech for the Non-Scientist - July 13-15, 2011 - Chicago, IL
> Partnerships in Clinical Trials Latin America - Aug 2011 - Sao Paolo, BR
> Rutgers Mini MBA: BioPharma Innovation Program
> Skill-building and Summer Fun in Boston!
> Online Pharmaceutical & Healthcare Marketing MBA for Executives
> Disruptive Innovations in Clinical Trials - September 15-16, 2011 - Philadelphia, PA
> Partnership Opportunities in Drug Delivery - October 5-6, 2011 - Boston, MA
> BIO China 2011 - October 12-13 - Shanghai, China

Marketplace

> Developing Enterprise M2M Apps in Days or Weeks - Not Months or Years

Jobs

> Regional BD Director
> Need a job? Need to hire? Visit FierceBiotech Jobs

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Today's Top News

1. J&J's success with Hep C partners might hit a snag

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Johnson & Johnson ($JNJ) is one of the best in the business at tapping outside developers for new drugs, but the Big Pharma's success on this front in the hepatitis C arena appears have brought with it some controversy.

Even though its Hep C drug is still in late-stage development, Swedish biotech Medivir isn't comfortable with the fact that its partner J&J is promoting Vertex Pharmaceuticals' ($VRTX) hot drug against the liver disease, Incivek, Medivir CEO Ron Long told Bloomberg. And Long wants J&J to resolve the potential conflicts of having one company promote two different drugs for the same disease to the same doctors.

"They have to resolve that issue," Long said, as quoted by Bloomberg. "You can't use best efforts if you are prioritizing one drug over the other. I think their position is unsustainable and I've told them so."

Medivir's issues with J&J might become more common with so many biotechs looking to Big Pharma to market their drugs, and large drug companies doing the smart thing and spreading their bets in key therapeutic areas. As we all know, history tells us that most of the drug programs won't reach the market as they fail at some point in the development process. On the other hand, J&J saw its partner Vertex win FDA approval of Incivek with flying colors in May, and Medivir's TMC435 showed that it might be able to provide even better cure rates than Incivek, according to a mid-stage trial.

Still, Medivir, whose 435 wouldn't likely hit the market until 2013, still has to prove that its drug can have that kind of success in late-stage trials. J&J might want to see whether its Swedish partner's drug can pass the big test in the clinic before it starts to divide its kingdom. But with so much riding on the success of 435, it's no surprise to see the CEO voicing some concern over the potential conflict. 

- check out the Bloomberg story

Related Articles:
FDA approves mega-blockbuster Vertex hep C drug Incivek
J&J lays out blockbuster R&D strategy, plans for 11 new meds
Medivir ponders layoffs
J&J is on a roll as drug deals deliver blockbuster approvals

Read more about: Hepatitis C, vertex, Johnson & Johnson, Medivir
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An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist - Tuesday, July 26th, 1 pm ET / 10 am PT

Join us as we define biotechnology and briefly explore the various biotechnology sectors. We will also focus on the healthcare sector and explain how basic science and technology are used during the drug discovery process.
Topics include: DNA, Proteins, Recombinant DNA, Small and Large Molecule Drugs, and more Register today.



2. Transcept Pharma expects bad news on insomnia drug from FDA

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

With its second shot at trying to gain FDA approval of its insomnia drug expected to fall short, Transcept Pharma ($TSPT) has some choices to make about how to proceed with development of its lead candidate.

The company's  application for approval of Intermezzo--a treatment intended for people who wake up in the middle of the night and struggle to fall back asleep--appears to be dogged again with safety concerns. Yet company officials, who spoke with FDA staff earlier this week, say they won't have details on the nature of the agency's safety concerns until after they receive an expected complete response letter on or before a PDUFA data of July 14.

Transcept, which is going to provide plans for future development of the treatment later this week, will likely have to show the FDA more safety data. Two years ago, the agency declined to approve the treatment amid concerns about whether the drug would cause people who took the treatment to be impaired while driving after they wake up. The company's latest application included data from a study that showed no impairment four hours after people took the drug got behind the wheel.

Indeed, the FDA has a history of making insomnia med developers jump through additional hoops, often because of the agency's safety concerns. Neurocrine Biosciences ($NBIX) and Somaxon ($SOMX) are just two biotechs that we've seen go back and forth with the agency in pursuit of gaining approval of insomnia drugs. At least Transcept can take some comfort in the story of Somaxon's quest to get FDA approval of sleep med Silenor, which failed to gain the green light from regulators twice before they allowed it onto the U.S. market.

- here's Transcept's release
- check out the news from TheStreet
- see Bloomberg's coverage

Related Articles:
Transcept readies second attempt at sleep drug approval
Transcept shares battered after FDA denies Intermezzo OK

Read more about: insomnia, Transcept Pharmaceuticals, Intermezzo
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3. FDA proposes companion Dx guidelines

By Maureen Martino Comment | Forward | Twitter | Facebook | LinkedIn

The FDA has proposed new rules for the review of companion diagnostics--tests designed to identify patients most likely to respond to a drug, or predict unfavorable side effects. Companion diagnostics are increasingly attractive to drug developers because the pairings can help healthcare providers improve outcomes for certain patients while saving time, money and potentially serious side effects by withholding treatment from those who are unlikely to respond to the therapy.

The FDA's proposal recommends early engagement between the FDA and developers; it explains the agency's plan to simultaneously review therapies and companion diagnostics. The proposal also outlines instances in which the regulator may approve a medicine without a companion test. Therapies for serious illnesses that have no other available treatment may receive priority review, with the companion diagnostic approved later. The FDA is soliciting comments on the draft guidance for 60 days.

"These proposed guidelines support the development of innovative new targeted medicines and their corresponding diagnostic tests and are intended to provide manufacturers with greater predictability," said CDRH director Jeffrey Shuren in a statement. "It is the agency's goal to help stimulate early collaborations between drug and device makers so they can develop the best medical products for treating patients."

- here's the FDA release
- read the Reuters article

Related Articles:
Algorithms assist in personalized diagnostics
In new healthcare world, are diagnostics king?
Experts discuss challenges, promises of personalized medicine

Read more about: FDA regulation, companion diagnostics
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4. Sanofi and Regeneron hit goals in RA drug study

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Regeneron appears to be on a roll. Just weeks after an FDA panel backed its eye drug for approval, the company ($REGN) and French drug giant Sanofi ($SNY) have shown that an experimental antibody drug has significantly improved symptoms of rheumatoid arthritis.

The companies' Phase IIb "MOBILITY" trial showed that the drug, sarilumab, in combination with a standard RA treatment, methotrexate, made a "significant and clinically meaningful improvement" in RA patients' symptoms compared with those who in the study treated with methotrexate alone. And RA symptom improvements were the greatest in patients treated with the highest dose of sarilumab in the 306-patient study. Yet the drug fell short in a Phase IIb study for a separate inflammatory disease, ankylosing spondylitis.

"Following these encouraging Phase IIb results in rheumatoid arthritis, the companies are currently discussing the dose(s) of sarilumab to advance into the Phase III portion of the MOBILITY trial," Elias Zerhouni, Sanofi's global head of R&D, said.

Still, Regeneron investors are likely most enthusiastic about the Tarrytown, NY-based company because of its solid chances of gaining FDA approval later this summer for its eye drug called VEGF Trap-Eye. The FDA action date on the company's application for approval of the experimental treatment is Aug. 20.

- here's Regeneron's release
- see the report in RTTNews

Related Articles:
Regeneron eye drug gets green flag at AdComm
Sanofi, Regeneron buoyed by Ph3 colon cancer success for aflibercept

Read more about: Regeneron Pharmaceuticals, VEGF Trap-Eye, Sanofi, sarilumab
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5. Biotech Allozyne aims for 'backdoor' public debut

By Ryan McBride Comment | Forward | Twitter | Facebook | LinkedIn

Intrepid biotechs tend to get creative about financing strategies when traditional funding routes appear too rocky to traverse. After considering a traditional IPO, little-known biotech Allozyne is now advancing plans to go public by acquiring a shell company that is listed on the Nasdaq.

Allozyne CEO Meenu Chhabra talked to Xconomy's Luke Timmerman about the company's plans. The Seattle-based firm aims to buy the public shell of Poniard Pharmaceuticals ($PARD), which fizzled after its small-cell lung cancer drug failed in clinical development. The deal would give Poniard shareholders a 35% stake in the new company and provide Allozyne the ability to tap the public markets for future financing. The start-up has been around for about 6 years and has raised $43 million from venture backers such as MPM Capital.

Its gambit appears to be another sign of the tricky financing environment for biotechs. Wall Street doesn't seem interested in IPO stories involving young firms like Allozyne, which is in Phase I with an experimental multiple sclerosis therapy (even some venture firms are staying away from such early-stage developers). And the scant IPO successes of recent years in biotech have involved companies--including Pacira Pharmaceuticals ($PCRX), Aveo Pharmaceuticals ($AVEO) and Ironwood Pharmaceuticals ($IRWD)--with late-stage drug candidates. Indeed, public investors seem most comfortable in backing IPOs for companies with strong pipelines with near-term chances to get a product onto the market. Strong support from large pharma partners helps too.

Allozyne's plan to go public faces some challenges of its own, including winning enough votes from Poniard shareholders to consummate the deal and gaining favor among public investors to support the company in the future. Yet the firm is going down a road that appears to have worked out for other biotechs such as neuroscience drug developer Transcept Pharmaceuticals ($TSPT), which went public in 2009 through its buyout of shell company Novacea. Novacea, like Ponaird, went south due to the failure of a cancer drug.

- check out Xconomy's piece

Related Article:
Allozyne goes public via merger with Poniard
Seattle start-up gains $30M in second venture round

Read more about: Biotech IPO, Poniard, Allozyne
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