Ocugen hits another snag in bringing its Bharat Biotech-partnered Covid-19 vaccine to the US

Shankar Musunuri, Ocugen CEO

Back in Ju­ly, Ocu­gen and Bharat Biotech un­veiled some Phase III da­ta sug­gest­ing their Covid-19 vac­cine, Co­v­ax­in, was 77.8% ef­fec­tive at pre­vent­ing over­all dis­ease in In­dia. They’re now look­ing to launch an im­muno-bridg­ing study to see if those num­bers hold up in the US — but on Fri­day, the FDA said not so fast.

Reg­u­la­tors have placed a clin­i­cal hold on the part­ners’ IND, Ocu­gen shared on Fri­day. Ocu­gen’s stock $OCGN sank 9% on the news Fri­day, but was up al­most 7% in pre-mar­ket trad­ing on Mon­day.

‘The FDA plans to iden­ti­fy the spe­cif­ic de­fi­cien­cies that are the ba­sis for clin­i­cal hold and in­for­ma­tion on how to ad­dress those de­fi­cien­cies,’ the Malvern, PA-based com­pa­ny said in a state­ment. ‘The Com­pa­ny ex­pects to re­ceive for­mal writ­ten com­mu­ni­ca­tion with the ad­di­tion­al in­for­ma­tion from the FDA and plans to work with the FDA in an ef­fort to re­solve its ques­tions as prompt­ly as pos­si­ble.’

The news comes just a few weeks af­ter Ocu­gen filed for emer­gency use au­tho­riza­tion of the Bharat Biotech-part­nered shot for just pe­di­atric use based on an im­muno-bridg­ing study con­duct­ed in In­dia.

Co­v­ax­in, a whole-viri­on, in­ac­ti­vat­ed vac­cine, was de­vel­oped by Bharat Biotech along with the In­di­an Coun­cil of Med­ical Re­search. The World Health Or­ga­ni­za­tion grant­ed it an emer­gency use list­ing ear­li­er this month, stat­ing that the jab is ‘ex­treme­ly suit­able for low- and mid­dle-in­come coun­tries due to easy stor­age re­quire­ments.’

In Ju­ly, Bharat an­nounced that the vac­cine was 77.8% ef­fec­tive against Covid-19 of any sever­i­ty, and 93.4% ef­fec­tive against se­vere dis­ease in a Phase III tri­al with more than 25,000 par­tic­i­pants in In­dia. Few­er than 0.5% of pa­tients ex­pe­ri­enced se­vere side ef­fects, the In­di­an biotech said at the time.

Ear­li­er this year, Ocu­gen an­nounced plans to file for an EUA in the US in June. But when June rolled around, the com­pa­ny said it de­cid­ed to pur­sue a bi­o­log­ics li­cense ap­pli­ca­tion in­stead, up­on rec­om­men­da­tion by the FDA. At the end of Oc­to­ber, Ocu­gen filed an IND to con­duct a Phase III im­muno-bridg­ing study in ‘sev­er­al hun­dred’ US adults who’ve nev­er been vac­ci­nat­ed, or re­ceived two dos­es of an mR­NA vac­cine at least six months pri­or.

Just a week lat­er, the com­pa­ny sub­mit­ted an EUA for use in kids ages 2 to 18 based on an­oth­er im­muno-bridg­ing study con­duct­ed in In­dia. Ac­cord­ing to Ocu­gen, an im­muno-bridg­ing study showed that neu­tral­iz­ing an­ti­body re­spons­es in the pe­di­atric group were equiv­a­lent to those seen in adults.

‘Our re­search sug­gests that peo­ple are seek­ing more choic­es when se­lect­ing a vac­cine, es­pe­cial­ly for their chil­dren,’ CEO Shankar Musunuri said. ‘Hav­ing a new type of vac­cine avail­able will en­able peo­ple to dis­cuss with their child’s physi­cian the best ap­proach for them to low­er their child’s risk of con­tract­ing COVID-19.’

The clin­i­cal hold may not be a good sign for Ocu­gen’s pe­di­atric EUA, though we’ll have to wait and see.

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Tillman Gerngross (Adagio)

Tillman Gerngross, the rarely shy Dartmouth professor, biotech entrepreneur and antibody expert, has been warning for over a year that the virus behind Covid-19 would likely continue to mutate, potentially in ways that avoid immunity from infection and the best defenses scientists developed. He spun out a company, Adagio, to build a universal antibody, one that could snuff out any potential mutation.

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Most drug development professionals are familiar with the nerve-racking wait for the read-out of a large trial. If it’s negative, is the investigational therapy ineffective? Or could the failure result from an unforeseen flaw in the design or execution of the protocol, rather than a lack of efficacy? The team could spend weeks analyzing data, but a definitive answer may be elusive due to insufficient power for such analyses in the already completed trial. These problems are only made worse if the trial had lower enrollment, or higher dropout than expected due to an unanticipated event like COVID-19. And if a trial is negative, the next one is likely to be larger and more costly — if it happens at all.

Ursula von der Leyen, President of the European Commission

As Americans were waking up for their Black Friday rituals, they were greeted with the news that a new mutation of the Covid-19 virus has appeared and been sequenced — after it caught an international flight to Hong Kong. And two of the leading Covid-19 vaccine developers promised delivery of a new vaccine ‘within 100 days’ if necessary while a third spelled out its 3-prong strategy hours later.

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The emergence of the Omicron variant over the holiday has reignited the focus on vaccine equity, and in its efforts to bring more shots to Africa, one South African biotech is reportedly close to reproducing Moderna’s mRNA shot.

Afrigen Biologics and Vaccines is speeding toward its pivotal trials, the Washington Post reported Sunday, though it’s doing so without Moderna’s recipe. The biotech reportedly has finished sequencing the Moderna vaccine and plans to soon compare its own recreation to Moderna’s jab.

Jonathan Montagu (L) and Gerry Harriman, HotSpot co-founders

HotSpot Therapeutics, the allostery-focused biotech that works on what it calls ‘natural hotspots’ — hence the name — is getting a bit hotter in its valuation from investors. And to that end they’ve raised $100 million.

The four-year-old AI computational biotech started by two former Nimbus execs announced this morning that it closed its Series C round right at the line of a 9-figure investment, courtesy of some big investors.

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Happy Thanksgiving to all those who are celebrating it — although, if we are being honest, this week’s abbreviated edition is really for those who are not. Wherever you’re tuning in from, we appreciate your support, hope you find this recap helpful and we wish you a wonderful weekend.

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The FDA has slapped a clinical hold on the early-stage program for one of Kura Oncology’s cancer drugs following a patient’s death in a clinical trial.

The biotech $KURA reported early Wednesday that the Phase Ib study of KO-539 for acute myeloid leukemia would be halted, suspending enrollment, while researchers and the FDA probed the death. Patients already on the drug can continue taking it.

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