A setback in Covid-19 didn’t stop Novartis from teaming up with Molecular Partners again. And this time, they will be looking for radiopharmaceuticals.
Having bet big on the field, Novartis now wants to test a different way of building these therapies — by conjugating radioligands with Molecular Partners’ antibody mimetics.
DARPin, as the class of proteins is known, are genetically engineered proteins that can target specific antigens just like traditional antibodies but are much smaller. When applied to radioligand therapies, it promises to deliver cancer-killing radiation precisely to tumor cells (while sparing healthy ones).
The deal starts small with $20 million upfront, but biobucks add up to $550 million.
‘Radioligand therapy is a transformative platform for delivering radiation to target cells, and DARPins are a unique modality for specifically targeting tumors,’ said Jay Bradner, president of the Novartis Institutes for BioMedical Research. ‘The marriage of these two technologies is designed to enable us to target radioligands directly to tumor cells anywhere in the body with the goal of improving and extending patients’ lives.’
Molecular Partners CEO Patrick Amstutz sees the new alliance — which adds to a stack of other pharma collaborations — as another illustration of just how versatile his platform is.
‘While DARPins can be designed to perform any number of biological tasks, here we highlight some of their innate characteristics, including small size and high specificity and affinity, which may offer an advantage to RLT’s which often require a highly specific delivery vehicle.’
Most recently, Novartis made a bet on ensovibep, a DARPin antiviral candidate, but the drug failed a futility analysis in hospitalized Covid-19 patients. — Amber Tong
Galera rebounds after finding statistical error in data — claims PhIII success
Two months ago, Galera’s stock price took a massive nosedive — down from $7.80 to $2.25 over a weekend — after the biotech announced that its lead candidate avasopasem failed to meet its primary endpoint in a Phase III study. That endpoint tested if the drug significantly reduced the incidence of SOM (severe oral mucositis), a painful complication from chemo and radiation, in patients with locally advanced head and neck cancer compared to placebo.
But this morning, the Malvern, PA biotech is walking that assertion back — and placing the blame squarely on its CRO. In an announcement this morning, Galera said that the unnamed CRO made an error in a statistical analysis, and the biotech now says that the corrected results show that avasopasem did, in fact, achieve statistical significance on the study’s primary endpoint of reduction in the incidence of SOM.
Under the old data readout, those in the treatment group saw a slight reduction, 54% compared to 64% in the placebo group. However, the primary endpoint had failed to achieve statistical significance (p=0.113). After the error was corrected, statistical significance was achieved (p=0.0451).
Galera’s stock price has surged since the announcement — early trades on $GRTX have shot share prices over 100% from $1.38 on Monday to over $3 just after trading began.
‘We are gratified that the Phase 3 ROMAN trial achieved statistical significance on the primary endpoint after the correction of the statistical programming error,’ said Galera’s president and CEO Mel Sorensen.
What’s next for the biotech? Well, it plans to meet with the FDA sometime next year and seeing if their Phase III trial and another Phase IIb trial will support an NDA submission. — Paul Schloesser
Biogen, TheraPanacea team up on neuroscience-focused, machine learning/AI digital health collaboration
Biogen and small French AI outfit TheraPanacea announced this morning that they are launching a collaboration — to leverage machine learning and AI analysis on the digital health front on neuroscience.
According to the two companies, the goal is to develop digital health solutions for improved patient care, accelerate drug development and further the understanding of the underlying pathologies of neurological diseases. The companies would use machine learning and AI to analyze medical imaging and other data sources in hopes of improving understanding of certain diseases — and even possibly allow for more personalized clinical trial design, they said in a statement.
As part of the agreement, Biogen will invest up to $15 million — in exchange for TheraPanacea convertible debt. The agreement also provides for up to approximately $41 million in milestone payments, contingent upon achieving certain unnamed R&D milestones. In addition, Biogen gains exclusive rights to TheraPanacea’s technology in neuroscience.
For TheraPanacea, it will invest in expanding its existing operations and workforce in Europe to meet its goals of this collaboration. — Paul Schloesser
Belgian biotech Galapagos exercises option to license Poland-based Ryvu’s inflammation program
Galapagos has exercised its exclusive option for Polish biotech Ryvu Therapeutics’ inflammation drug.
The two biotechs have been partners in a joint research collaboration announced back in April 2020 — focused on drug discovery and developing small molecules with inflammation targets. Ryvu was responsible for the early drug discovery; the collaboration was based on a new drug target identified by Ryvu and was driven by the joint effort of scientific teams from both companies.
‘We are delighted with the results of our research collaboration with Galapagos to date,’ said Ryvu’s CBO Vatnak Vat-Ho.
With Galapagos now having worldwide rights to the program, Revue will get an option exercise fee, plus royalties and milestones. And just like their announcement last year, that amount remains unknown. — Paul Schloesser
https://endpts.com/novartis-enlists-molecular-partners-on-radioligand-therapy-discovery-galera-blames-cro-error-for-phiii-failure-claims-success-after-all/