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Home » Authors » Randy Osborne

Articles by Randy Osborne

Foot pain

RNAi gout drug on Horizon as Arrowhead smiths potential $700M deal

June 21, 2021
By Randy Osborne
The agreement between gout player Horizon plc and RNAi expert Arrowhead Pharmaceuticals Inc. could result in a subcutaneously given, infrequently dosed fix for the disease that takes aim at xanthine dehydrogenase. “They brought us the target – it wasn’t something we were developing,” said Arrowhead CEO Christopher Anzalone, but the Pasadena, Calif.-based firm’s research on hepatocyte-directed therapies provides confidence.
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Antibodies attacking cancer cell

BMS, Eisai join forces for phase I ADC in potential $3B-plus deal

June 18, 2021
By Randy Osborne
Bristol Myers Squibb Co. (BMS) and Eisai Co. Ltd. inked a potential $3.1 billion agreement to co-develop and co-commercialize the antibody-drug conjugate (ADC) MORAb-202 for advanced solid tumors. Eisai’s first ADC, MORAb-202 pairs the company’s anti-folate receptor alpha (FRα) antibody with the Tokyo-based firm’s anticancer agent eribulin using an enzyme cleavable linker. It is characterized as a potential best-in-class candidate and is under investigation for tumors that include endometrial, ovarian, lung and breast cancers in two studies: a phase I effort in Japan and a phase I/II experiment in the U.S. The companies plan to enter the registrational stage of development as early as 2022.
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CEO says Biogen stance ‘responsible’ amid Aduhelm storm

June 17, 2021
By Randy Osborne
As debate continues to rage over the approval and pricing of the Alzheimer’s disease therapy Aduhelm (aducanumab), Biogen Inc. CEO Michel Vounatsos said his firm is “taking a position that is very responsible” but has “yet to be understood out there, and we have to do a better job.”
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FDA says yes, Blueprint’s Ayvakit label adds SM

June 16, 2021
By Randy Osborne
Blueprint Medicines Corp. gained the FDA’s nod for Ayvakit (avapritinib) to treat systemic mastocytosis (SM), adding another indication to the KIT inhibitor’s label. For the first time, patients have available a targeted therapy designed to block D816V mutant KIT, the central driver of the disease.
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Gold dollar sign

Space burgeons, investors splurgin’ as Wall Street mulls likely cytokine winners

June 14, 2021
By Randy Osborne
The hefty $107.5 million series B financing disclosed June 10 by Synthekine Inc. underscored Wall Street’s interest in engineered cytokines, where an army of companies is developing prospects at varying stages – including Bright Peak Therapeutics Inc., which pulled down a series B in almost exactly the same amount as Synthekine, and on the same day.
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Stock chart, upward arrow

Wall Street en-Raptured as oral AD drug makes it look EASI in phase Ib

June 14, 2021
By Randy Osborne
Rapt Therapeutics Inc. CEO Brian Wong said RPT-193 monotherapy in atopic dermatitis (AD) “looks really promising, but there’s still quite a bit to learn” about the small molecule, designed to inhibit the migration of Th2 cells into inflamed tissues by blocking CCR4. Investors saw enough to push the shares of South San Francisco-based Rapt up 115.5%, or $21.45, to close at $40.02, after trading as high as $41.99 during the day.
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Unequal opportunities in EoE as multiple players vie for position

June 11, 2021
By Randy Osborne
Data from a prospective study rolled out by Allakos Inc. last month at the Digestive Disease Week meeting made the case for broader prevalence than previously believed of eosinophilic gastritis and/or eosinophilic duodenitis – and the Redwood City, Calif.-based firm may have just the drug for the conditions in lirentelimab (AK-002).
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Skin exam

No LAG for Iovance in melanoma race; verdict pending TIL more data

June 9, 2021
By Randy Osborne
Phase II data from Iovance Biotherapeutics Inc. in advanced melanoma at the recent meeting of the American Society of Clinical Oncology turned up an important relationship between previous anti-PD-1 therapy exposure and the durability of treatment response. Findings added weight to the idea that tumor-infiltrating lymphocytes (TILs) should be deployed earlier in therapy.
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Biogen office building

Aduhelm go-ahead in AD leaves ICER cold; Biogen touts four-year price freeze

June 8, 2021
By Randy Osborne
During a conference call with investors, Biogen Inc. officials defended the price of Aduhelm (aducanumab) for Alzheimer’s disease (AD), with CEO Michel Vounatsos saying the $56,000 per year price tag was based on “the value it is expected to bring to patients, caregivers, and society.” 
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Aduhelm product image

All said and Dunn, Aduhelm overwhelms negative panel vote to win FDA go-ahead in AD

June 7, 2021
By Randy Osborne
By granting accelerated approval for Biogen Inc.’s Aduhelm (aducanumab) for Alzheimer’s disease (AD), the FDA is “essentially confirming that the beta-amyloid hypothesis has been validated,” Mizuho analyst Salim Syed said in an alert to investors. Shares of Cambridge, Mass.-based Biogen (NASDAQ:BIIB) closed $395.85, up $109.71, or 38.3%, as Wall Street hailed the first new AD therapy to reach the market since 2003.
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