Pharmaceutical Market Europe • June 2021 • 6-7

NEWS

UK’s CMA to review AZ/Alexion merger

Image

The UK’s Competition and Markets Authority (CMA) is set to review AstraZeneca’s (AZ) planned takeover of rare diseases specialist Alexion.

The competitions regulator will be inviting comments from interested parties to aid in its assessment of the merger – a routine process for ‘major’ deals.

In December 2020, AZ announced its intention to acquire US-based Alexion for the high sum of $39bn.

The acquisition was one of the largest deals announced last year and is also AZ’s largest corporate acquisition ever, according to Reuters.

While the CMA has announced its intention to scrutinise the deal, the US Federal Trade Commission has already cleared the proposed acquisition. Competition clearances have also been completed in Canada, Russia, Brazil and other countries.

The CMA’s initial analysis will form ‘phase 1’ of the review and is likely to be completed by 21 July, although the regulator will post its decisions following this, depending on whether the deal is cleared or if it progresses to an additional ‘phase 2’ review.

“The commencement of the UK CMA’s formal review is another important step towards the closing of the proposed acquisition, which we continue to expect will be in the third quarter of 2021,” said an AZ representative.

If the deal is cleared, AZ will immediately gain access to assets within Alexion’s commercial portfolio, which are estimated to be worth approximately $6bn.


BMS links up with Exscientia for $1.2bn AI drug discovery deal

Image

Bristol Myers Squibb (BMS) has announced a new collaboration agreement with Exscientia to use artificial intelligence (AI) to discovery drug candidates across a number of therapeutic areas.

The collaboration will leverage Exscientia’s AI technology to accelerate the discovery of small molecule therapeutic drug candidates in multiple therapeutic areas, including oncology and immunology.

As part of the agreement, BMS will pay Exscientia $50m upfront, with up to $125m earmarked in near- to mid-term potential milestones.

Additional clinical, regulatory and commercial payments take the potential value of the deal to over $1.2bn, with Exscientia also set to receive tiered royalties on net sales on any products resulting from the collaboration.

The new deal builds on BMS’ existing collaboration with Exscientia, initiated in 2019 with Celgene prior to the company’s acquisition by BMS.

Exscientia will take responsibility for the AI-design and experimental work needed to discover the drug candidates, with the molecules to be designed using the company’s AI-driven drug discovery platform.

“Exscientia’s application of AI technologies is proving capable of generating best-in-class molecules while also reducing discovery times,” said Rupert Vessey, president of research & early development at BMS.

Aside from its collaboration with BMS, Exscientia has a number of additional collaborations in place with other pharma companies, including Bayer, Sanofi and Dainippon Sumitomo.

The company also has over a dozen partnered or wholly owned drugs in development.


Concerns about Elliott Management’s plans for GSK

Image

The UK government has concerns about activist investor Elliott Management’s plans for GlaxoSmithKline (GSK) after the hedge fund acquired a ‘significant’ stake in the British drug-maker earlier this year in April.

According to The Times, Britain’s Secretary of State for Business, Energy and Industrial Strategy is believed to have asked government officials to back GSK’s chief executive officer Emma Walmsley – in particular, her ongoing restructuring of the company.

There is speculation over what exactly Elliott Management’s plans for the company could entail – with potential scenarios being the sale of GSK or its pharmaceuticals or vaccines divisions.

Concerns were raised in April after it was reported that activist hedge fund Elliott Management had built up a sizeable stake in the British drug-maker.

Elliott Management is known to be an ‘aggressive activist’ investor – in the pharma industry, the hedge fund petitioned for the sale of Alexion Pharmaceuticals ahead of its subsequent acquisition by AstraZeneca in December 2020.

However, major shareholders have placed their support behind Walmsley and GSK’s executive team, including BlackRock, the drug-maker’s largest investor as well as Royal London and Dodge & Cox.

All three shareholders have reportedly been in contact with Jonathan Symonds, chairman of GSK, to offer their support.


Annovis Bio’s lead therapeutic shows ‘significant improvements’ in Alzheimer’s and Parkinson’s

Image

Biotech company Annovis Bio has revealed positive results for its lead investigational therapeutic ANVS401 in Alzheimer’s disease (AD) and Parkinson’s disease (PD).

The results come from a small phase 2a study evaluating ANVS401 in 14 Alzheimer’s patients and 14 Parkinson’s patients.

The results show that patients treated with ANVS401 for 25 days achieved statistically significant cognitive improvement, measured by the Alzheimer’s Disease Assessment Scale-Cognitive Subscale 11 (ADAS-Cog11).

Specifically, patients in the ANVS401-treated group saw their ADAS-Cog11 scores improve by 4.4 points from baseline until 25 days – an improvement of 30%.
The ANVS401 treatment group also showed an improvement of 3.3 points (22%) compared to placebo at 25 days.

Biogen’s aducanumab, in comparison, showed a 1.4 point improvement in ADAS-Cog13 over 18 months, while a phase 2 study of Cassava’s simufilam demonstrated a 1.6 point improvement on ADAS-Cog11 after six months.

ANVS401 is designed to inhibit the translation of multiple neurotoxic proteins – high levels of neurotoxic proteins result in impaired axonal transport, which plays a key role in the communication between and within nerve cells.

Through this inhibition, ANVS401 can improve axonal transport, reduce inflammation, protect nerve cell death and improve cognition and function, Annovis said in a statement.
Annovis is continuing to analyse the cerebral spine fluid and plasma samples of the first 28 patients from the phase 2a study, with the aim of measuring the reversal of the toxic cascade.


bluebird bio’s CALD gene therapy Skysona gains positive opinion from CHMP

Image

bluebird bio’s cerebral adrenoleukodystrophy (CALD) gene therapy Skysona has moved closer towards EU approval after gaining a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP).

The CHMP has recommended marketing authorisation for Skysona (elivaldogene autotemcel, Lenti-D) for the early treatment of CALD in patients under 18 years old with an ABCD1 genetic mutation, and who do not have a matched sibling haematopoietic stem cell donor.

bluebird bio’s Skysona is a potential one-time gene therapy designed to add functional copies of the ABCD1 gene into a patient’s haematopoietic stem cells.

In the phase 2/3 Starbeam study evaluating Skysona, 90% of CALD patients met the month 24 major functional disability-free survival endpoint as of the last data cut-off date.

Major functional disabilities are the six severe disabilities commonly attributed to CALD that have the most severe effect on a patient’s ability to function independently.

In addition, 26 out of 28 evaluable patients maintained a neurologic function score (NFS) less than or equal to one until month 24, with 24 of those patients having no change in their NFS.

The CHMP’s positive opinion is now due to be reviewed by the European Commission, with a final decision for Skysona expected in mid-2021.


NICE recommends Ultomiris for NHS use in patients with rare blood disorders

Image

The UK’s National Institute for Health and Care Excellence (NICE) has recommended Alexion’s long-acting C5 complement inhibitor Ultomiris for NHS use in patients with rare blood disorders.

Final guidance has recommended Ultomiris (ravulizumab) as a treatment for paroxysmal nocturnal haemoglobinuria (PNH), while draft guidance published last month has accepted the therapy for use in atypical haemolytic uraemic syndrome.

NICE has approved Ultomiris for the treatment of aHUS and PNH patients with a body weight of 10kg or more who are complement inhibitor treatment-naive or have received Alexion’s Soliris (eculizumab) for at least three months and have evidence of response to this therapy.

Clinical trial evidence has shown that treatment with Ultomiris in people with PNH is at least as clinically effective as Soliris and it is administered less frequently – every eight weeks as opposed to every two weeks.

Ultomiris has also been found to cause fewer episodes of breakthrough haemolysis – a symptom of PNH – thereby reducing the number of hospital admissions and need for blood transfusions.

Meindert Boysen, deputy chief executive and director of the Centre for Health Technology Evaluation at NICE, commented: “We are pleased to be able to recommend [Ultomiris] for people who have paroxysmal nocturnal haemoglobinuria or atypical haemolytic uraemic syndrome. We are hopeful that the increased time between doses with this new treatment will lead to a better quality of life for these individuals and their loved ones,” he added.


0