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Helsinn and MEI Pharma have entered into a licensing, development and commercialization agreement for pracinostat, a Phase 3-ready drug candidate for treating acute myeloid leukemia and other potential indications. Under the agreement, Helsinn will get exclusive worldwide rights, including manufacturing and commercialization rights, and will be responsible for funding the product’s global development. MEI Pharma will receive near-term payments of $20 million, and will be eligible to receive up to $444 million in potential development, regulatory and sales-based milestone payments. As part of the development and commercialization agreement, the companies will also collaborate to explore an optimal dosing regimen of pracinostat in combination with azacitidine for treating high-risk myelodysplastic syndrome.
Cambridge, MA-based Radius Health says new results published last month in JAMA from its late-stage trial in women with osteoporosis showed that 2,463 female osteoporosis patients in the ACTIVE Phase 3 trial, when treated with a daily injection of abaloparatide for 18 months, had a significantly greater reduction in the incidence of new vertebral fractures when compared to placebo. The company says the reduction was less strong on nonvertebral fractures when compared to placebo, however it had a P value of 0.049.
Regeneron Pharmaceuticals signed an agreement with the Biomedical Advanced Research and Development Authority of the U.S. Department of Health and Human Services (HHS) to manufacture and study two antibody therapies for the potential prevention and treatment of Middle East Respiratory Syndrome. The company says HHS will provide funding to Regeneron of up to $8.9 million to support packaging and labeling of the antibodies for human use, the preparation and submission of an IND application with FDA.
Lycera Corp. has initiated a Phase 2 clinical trial of its clinical-stage candidate, LYC-30937-enteric coated, in patients with ulcerative colitis. The company says the UPSTART study is expected to enroll up to 120 patients and will evaluate the efficacy and safety of LYC-30937-EC given orally once daily in subjects with active ulcerative colitis.