Prothena Receives FDA Fast Track Designation for NEOD001; FDA Confirms Lipocine's Plan for LPCN 1021 Print E-mail
By William Kent   
Monday, 15 December 2014 21:22
Below is a look at some of the headlines for companies that made news in the healthcare sector on December 15, 2014.

Prothena Corporation plc (NASDAQ: PRTA)
, a late-stage clinical biotechnology company focused on the discovery, development and commercialization of novel antibodies for the potential treatment of diseases that involve amyloid or cell adhesion, today announced that the U.S. Food and Drug Administration (FDA) granted Fast Track designation to NEOD001, a novel monoclonal antibody for the potential treatment of AL amyloidosis. This is the first investigational immunotherapy specifically targeting the disease-causing protein in AL amyloidosis to receive Fast Track designation.

The FDA's Fast Track Drug Development Program is a process designed to facilitate the development and expedite the review of drugs to treat serious conditions and fill an unmet medical need. An unmet medical need is a condition whose treatment or diagnosis is not addressed adequately by available therapy. The purpose of the Fast Track designation is to make important new drugs available to patients earlier. The Fast Track program also provides a company with the ability to submit sections of the Biologics License Applications (BLA) for review before the company submits the complete BLA. This enables the FDA to review sections of the BLA as they are received, rather than waiting until every section of the application is completed, and also allows for Priority Review, shortening the standard review of the final BLA to six months. A drug program with Fast Track designation permits the company to have early and frequent communications with the FDA in the development and review of the product candidate, potentially leading to faster drug approval.

"The amyloidosis community has long hoped for a drug or treatment that would remove the amyloid deposits from the involved organs," said Muriel Finkel, President of the Amyloidosis Support Groups Inc. "Prothena's published results, and those recently presented, as well as excitement generated from amyloidosis patients, provide us hope that NEOD001 may offer us this very solution for our AL amyloidosis patients."

"We believe this progressive disease is significantly underdiagnosed and often misdiagnosed," commented Isabelle Lousada, Board Chairman of the Amyloidosis Foundation. "Until now, there have been no therapeutics developed specifically to treat patients with AL amyloidosis. Treatment has been limited to unapproved use of chemotherapeutic agents, which do not address the underlying cause of the disease and may have significant side effects. We welcome Prothena's dedication to pursuing a safe and effective therapy, and are encouraged by the safety profile of NEOD001 and the organ response rate results seen to date."

VITAL Phase 3 Registrational Trial Design -- The international, multi-center, randomized, double-blind, placebo-controlled Phase 3 study continues Prothena's commitment to provide disease-modifying therapeutic alternatives for patients suffering from AL amyloidosis. The trial is designed to support global regulatory approvals and to enroll approximately 230 newly-diagnosed, treatment-naive patients with cardiac dysfunction. Patients will be randomized on a 1:1 basis to receive 24 mg/kg of NEOD001 or placebo via infusion every 28 days, with both arms receiving concurrent standard of care therapy. The composite primary endpoint is event-based, with all-cause mortality or cardiac hospitalizations as qualifying events. The trial allows for an interim analysis to assess the primary endpoint for efficacy and futility.

"In addition to Fast Track, we have previously received orphan drug designation in both the U.S. and EU for AL amyloidosis. Collectively, this recognition of NEOD001 underscores the critical need for a disease-modifying immunotherapy specifically designed to treat patients with AL amyloidosis," said Gene Kinney, PhD, Chief Scientific Officer and Head of Research and Development of Prothena. "We are delighted to have recently initiated our VITAL Phase 3 clinical trial for NEOD001 in patients with AL amyloidosis. We will continue to work closely with the FDA and European regulatory authorities to bring this therapy to patients in the most expeditious manner possible."


Lipocine Inc. (NASDAQ: LPCN)
5.3%, a specialty pharmaceutical company, today announced that it has received confirmation from the U.S. Food and Drug Administration ("FDA") that the design of its ongoing pivotal Study of Oral Androgen Replacement ("SOAR") Phase 3 clinical study ( evaluating efficacy and safety of LPCN 1021 in hypogonadal men with low testosterone ("Low T") is currently acceptable for filing a New Drug Application ("NDA") for the class testosterone replacement therapy ("TRT") labeling. The FDA reiterated the primary efficacy endpoint required for approval being 75% of subjects with a Cavg for serum testosterone in the normal range with the lower bound of the two-sided 95% confidence interval being >65%. Lipocine remains confident that our efficacy results are in line with approval requirements.

The FDA did not identify any additional clinical studies that would be required for NDA filing, but did state that should any safety signal become apparent during analysis of our SOAR Phase 3 study results or during the course of their review, it is possible that additional data may be required. Based on the response received, Lipocine does not anticipate the need to conduct additional studies above those previously agreed to with the FDA for NDA filing. The FDA also acknowledged that they are still internally discussing the advice and recommendations from the FDA Advisory Committee held on September 17, 2014.

"We are pleased that the FDA confirmed that our SOAR Phase 3 clinical study design is sufficient for filing our NDA with LPCN 1021 for the class TRT labeling. We continue to target the second half of 2015 for filing the NDA upon completion of the ongoing safety extension," said Dr. Mahesh Patel, Chairman, President and CEO of Lipocine Inc. Dr. Patel further stated, "We continue to believe that LPCN 1021 represents a 'best-in-class' TRT option with the potential to both improve patient compliance and overcome inadvertent testosterone transference risk."

Also Monday:

ADMA Biologics, Inc. (Nasdaq:ADMA)
, a late-stage biopharmaceutical company that develops, manufactures, and intends to market specialty plasma-based biologics for the treatment and prevention of certain infectious diseases, today announced that it has received a $5 million tranche from Hercules Technology Growth Capital, Inc. (NYSE:HTGC), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets.

Advaxis, Inc. (Nasdaq:ADXS)
, a clinical-stage biotechnology company developing cancer immunotherapies, announced today that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application to conduct a Phase 1/2 clinical study of ADXS-HPV (ADXS11-001) alone or in combination with MedImmune's investigational anti-PD-L1 immune checkpoint inhibitor, MEDI4736, for the treatment of advanced, recurrent or refractory human papillomavirus (HPV)-associated cervical cancer and HPV-associated head and neck cancer.
athenahealth, Inc. (Nasdaq:ATHN)
, a leading provider of cloud-based services and mobile tools for medical groups and health systems, today announced results from the ninth annual Epocrates Future Physicians of America survey, in which more than 1,400 medical students shared their opinions about medical school training and industry challenges.

Biocept, Inc. (Nasdaq:BIOC)
, a molecular oncology diagnostics company specializing in circulating tumor cells (CTCs) and circulating tumor DNA (ctDNA) biomarker analysis, today announced that it has been granted a patent in South Korea for its fluidic microfluidic channel.

CB Pharma Acquisition Corp. (Nasdaq:CNLMU)
, a Cayman Islands exempted company formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, today announced the pricing of its initial public offering of 4,000,000 units at $10.00 per unit on December 12, 2014.

Celldex Therapeutics, Inc. (Nasdaq:CLDX)
announced today that patient enrollment has been completed in the Company's Phase 3 ACT IV study of rindopepimut in EGFRvIII positive glioblastoma, an aggressive form of brain cancer.

Coherus BioSciences, Inc. (Nasdaq:CHRS)
, a late-stage clinical biologics platform company focused on the global biosimilar market, today reported financial results and reviewed corporate events for the quarter ended September 30, 2014.

Coronado Biosciences, Inc. (Nasdaq:CNDO)
reports the pricing on December 12, 2014 of the initial public offering of CB Pharma Acquisition Corp. (Nasdaq:CNLMU), a company which Coronado founded.

FEI (Nasdaq:FEIC)
and Oregon Health & Science University (OHSU) today announced an expansion of their Living Lab for Cell Biology agreement that includes the installation of a complete correlative microscopy workflow in the new Collaborative Life Sciences Building (CLSB) on OHSU's campus.

FutureWorld Corp. (OTCQB; FWDG)
, a leading provider of advanced technologies and solutions to the global cannabis industry, announces today that on behalf of its subsidiary, URVape, Inc., FutureWorld has entered into an exclusive vendor agreement with ebbu, LLC of Wheat Ridge, Colorado for the marketing and sales of E-liquid cannabis developed by ebbu, to be dispensed with URVape's vaping devices.

Idera Pharmaceuticals, Inc. (Nasdaq:IDRA)
, a clinical-stage biopharmaceutical company developing nucleic acid therapeutics for cancers and rare diseases, announced that it has appointed J. Peter Wolf as Senior Vice President, General Counsel and Elizabeth Eberhardt as Vice President, Oncology Team.

Immunomedics, Inc., (Nasdaq:IMMU)
today announced that a new pretargeted imaging system developed by IBC Pharmaceuticals, Inc. (IBC), the Company's majority-owned subsidiary, has the potential of offering better definition of breast cancer (BC) metastasis when compared to conventional imaging methods.

Inogen, Inc. (Nasdaq:INGN)
, a medical technology company offering innovative respiratory products for use in the homecare setting, today announced it intends to discuss the company's future growth drivers, provide a review of its product pipeline, and share additional detail on the company's financial goals for 2015 during its Investor/Analyst Day today in New York City.

Karyopharm Therapeutics Inc. (Nasdaq:KPTI)
, a clinical-stage pharmaceutical company, today announced today that it has been selected for addition to the NASDAQ Biotechnology Index (Nasdaq:NBI).

Macrocure Ltd. (Nasdaq:MCUR)
, a clinical-stage biotechnology company focused on developing a novel therapeutic platform to address chronic and hard-to-heal wounds, was spotlighted in five news outlets: MedCity News, published on November 12; Physicians News Digest and InformationAboutDiabetes, both published on December 2; Battle Diabetes, published on December 3; and Ostomy Wound Management published on December 9.

NeoStem, Inc. (Nasdaq:NBS)
, a biopharmaceutical company developing novel cell based therapeutics, and Progenitor Cell Therapy, LLC, a NeoStem company and a leading contract development and manufacturing organization in the cellular therapy industry, announced that Dr. Ian Gaudet, Senior Engineer with PCT's Engineering and Innovation Center, presented results of PCT's most recent study to generate data on the performance of the Lovo® Cell Processing System.

Polydex Pharmaceuticals Limited (OTC/Pink:POLXF)
is pleased to announce sustained profitability for the seventh straight quarter, as a result of Management's diligent focus on cost control, capital improvements, and attention to customer service.

Prothena Corporation plc (Nasdaq:PRTA)
, a late-stage clinical biotechnology company focused on the discovery, development and commercialization of novel antibodies for the potential treatment of diseases that involve amyloid or cell adhesion, today announced that the U.S. Food and Drug Administration (FDA) granted Fast Track designation to NEOD001, a novel monoclonal antibody for the potential treatment of AL amyloidosis.

Radius Health, Inc. (Nasdaq:RDUS)
will be added to the NASDAQ Biotechnology Index (Nasdaq:NBI) before market open on Monday, December 22, 2014.

Relypsa, Inc. (Nasdaq:RLYP)
, today announced that the U.S. Food and Drug Administration (FDA) has accepted for filing the New Drug Application (NDA) for Patiromer for Oral Suspension (Patiromer FOS) for the treatment of hyperkalemia, a serious condition defined as abnormally elevated levels of potassium in the blood. Relypsa expects written notification of NDA acceptance along with the Prescription Drug User Fee Act (PDUFA) date (the expected date for completion of FDA review of the NDA), as well as a preliminary indication regarding the need for an Advisory Committee meeting, in the day-74 letter from the FDA in early January 2015.

Ultragenyx Pharmaceutical Inc. (Nasdaq:RARE)
, a biopharmaceutical company focused on the development of novel products for rare and ultra-rare diseases, today announced the dosing of the first patient in the pivotal Phase 3 study of recombinant human beta-glucuronidase (rhGUS, UX003), an investigational therapy for the treatment of Mucopolysaccharidosis 7 (MPS 7, Sly syndrome).

VBL Therapeutics (Nasdaq:VBLT)
, a clinical-stage biotechnology company committed to the discovery, development and commercialization of first-in-class treatments for cancer and immune-inflammatory diseases, today announced that it has achieved completed dosing of the last patient in both of its Phase 2 studies evaluating the efficacy of lead Lecinoxoid compound VB-201 for the treatment of psoriasis and ulcerative colitis.

"Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'.

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