Eli Lilly and Co. CEO Dave Ricks called the $8 billion buyout of Loxo Oncology Inc. "completely in line with what we've been talking about all along," although it's a deal "bigger than we've done before. In this case, you have four either clinical or recently approved medicines in one package, which is a bit unique for us." The bundle comes with a platform that may prove more broadly useful, he pointed out during a conference call with investors.
The first question for Esperion Therapeutics Inc. CEO Timothy Mayleben during a conference call with investors Friday reflected skepticism, albeit mild, about the potential $1 billion-plus European licensing deal with Daiichi Sankyo Europe GmbH (DSE).
Codiak Biosciences Inc. scored its first partnership, putting ink to a contract with Dublin-based Jazz Pharmaceuticals plc to develop exosome-based therapeutics for cancer, "an area of biology that has really exploded in the last few years, probably starting with the realization that exosomes represent a fundamental communication system that cells use all the time, particularly in places like the tumor microenvironment," Codiak CEO Douglas Williams said. "There's a great understanding now that there's a lot of cross talk taking place between the tumor cells, the immune cells and the microenvironment, using exosomes as the vehicle."
Myokardia Inc. CEO Tassos Gianakakos said officials at his company "anticipated and were prepared for" Sanofi SA's decision not to extend the partnership begun in 2014, instead returning rights to pivotal phase III-stage candidate mavacamten (previously known as MYK-461), an oral, allosteric modulator of cardiac myosin to treat obstructive hypertrophic cardiomyopathy (HCM), as well as MYK-491, which works similarly and is expected to yield phase IIa proof-of-concept data in dilated cardiomyopathy (DCM) before the end of this year.
South San Francisco-based Denali Therapeutics Inc.'s dosing of the first patient in a phase Ib study with DNL-201 for Parkinson's disease (PD) brought renewed attention to the affliction and to the race with Glaxosmithkline plc (GSK), of London, in the development of leucine-rich repeat kinase 2 (LRRK2) inhibitors.
Capricor Therapeutics Inc. CEO Linda Marbán told BioWorld that the anaphylaxis case that caused her firm to suspend dosing voluntarily in the blinded, pivotal Hope-2 trial with stem cell therapy CAP-1002 was "likely caused by something in the infusion solution. Because the timing of the reaction was so immediate – literally within one minute of the beginning of the infusion – the immunologists that we've consulted do not believe it was related to cells, even if the patient was on cells."
Approval of the home-grown Arcus delivery technology deployed by Ardsley, N.Y.-based Acorda Therapeutics Inc. with Inbrija (levodopa inhalation powder) represents "a tremendous step forward" for the device, which vaulted "the hardest, highest hurdle" in gaining FDA clearance, CEO Ron Cohen said. "You know how many questions hung over this," he told investors during a conference call.
Lipocine Inc. continues to march forward with its 138-subject ambulatory blood pressure monitoring (ABPM) study in patients given the oral testosterone replacement therapy (TRT) Tlando as new discoveries roll out regarding not only the cardiovascular (CV) risk for men on TRTs but also the value of such treatments in easing depression, an idea that has been the subject of much debate.
Agenus Inc. CEO Garo Armen told BioWorld the company is "in multiple discussions right now" for more partnerships to follow the immuno-oncology (I-O) agreement with Gilead Sciences Inc. that brings $150 million at closing, which includes $120 million up front and a $30 million equity investment, and about $1.7 billion in fees and milestone payments potentially down the road.
