Friday, July 19, 2013

Janssen's IV Simponi wins FDA nod for rheumatoid arthritis

Quest sells royalty rights to cancer drug ibrutinib for $485M | FDA to review Chelsea Therapeutics' drug for symptomatic NOH | FDA accepts Iroko's acute pain drug for review
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July 19, 2013
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Janssen's IV Simponi wins FDA nod for rheumatoid arthritis
Janssen Biotech obtained the FDA's approval to market an intravenous formulation of Simponi Aria, or golimumab, in combination with methotrexate as a therapy for moderately to severely active rheumatoid arthritis. The drug, a tumor necrosis factor inhibitor, already was cleared for subcutaneous administration. The approval was based on data from a 592-patient, late-stage trial. Medscape (free registration) (7/18)
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Health Care & Policy
Quest sells royalty rights to cancer drug ibrutinib for $485M
Royalty Pharma agreed to pay $485 million in cash to acquire Quest Diagnostics' royalty rights from commercialization of ibrutinib, a drug candidate for chronic lymphocytic leukemia, small lymphocytic lymphoma and mantle cell lymphoma. The drug is being jointly developed by Pharmacyclics and Janssen Biotech. Quest obtained the royalty rights as part of its purchase of Celera in 2011. Genetic Engineering & Biotechnology News (7/18)
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FDA to review Chelsea Therapeutics' drug for symptomatic NOH
The FDA has accepted Chelsea Therapeutics' application to market Northera, or droxidopa, as a treatment for symptomatic neurogenic orthostatic hypotension in patients with primary autonomic failure, non-diabetic autonomic neuropathy and dopamine beta hydroxylase deficiency. "We will continue to work closely with the FDA toward an approval decision for Northera by early next year, and advance our commercial strategy in anticipation of a U.S. commercial launch soon after this," Chelsea's interim CEO, Joseph Oliveto, said. Pharmaceutical Business Review Online (7/18)
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FDA accepts Iroko's acute pain drug for review
The FDA has accepted Iroko Pharmaceuticals' new drug application for lower dose submicron indomethacin, a nonsteroidal anti-inflammatory drug, for treatment of mild to moderate acute pain in adults. The application was based on data from two late-stage trials. Pharmaceutical Business Review Online (7/17)
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Celgene halts trial of blood cancer drug
Celgene said it will discontinue a Phase III study of its blood cancer treatment Revlimid as a first-line treatment in elderly patients with B-cell chronic lymphocytic leukemia after it noticed more deaths in patients treated with Revlimid compared with patients taking chlorambucil. The FDA put the study on clinical hold last week. Celgene said it will examine data from the trial to determine whether the imbalance is due to factors such as age or comorbidities. Reuters (7/18), The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (7/18)
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Stem cells help form blood vessel networks
Scientists at Johns Hopkins University developed vascular precursor cells from human induced pluripotent stem cells and used them to create self-organized microvascular networks on hydrogel scaffolding. "In demonstrating the ability to rebuild a microvascular bed in a clinically relevant manner, we have made an important step toward the construction of blood vessels for therapeutic use," researcher Sharon Gerecht said. The approach could have significance for regenerative medicine. The study was published in the Proceedings of the National Academy of Sciences. Genetic Engineering & Biotechnology News (7/17)
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Company & Financial News
Calif. drugmaker gets $50M funding boost
A Series C funding round from new and existing investors has brought in $50 million for NGM Biopharmaceuticals. The South San Francisco, Calif.-based firm will use the money to develop drug candidates for diabetes, obesity and other metabolic conditions. BioWorld (free content) (7/19)
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NIH hopes to win over skeptics with drug repurposing successes
Nine awardees will divide $12.7 million from the NIH to find new targets for eight abandoned drug compounds. Critics say the National Center for Advancing Translational Sciences program has low odds of succeeding because drugmakers that developed the compounds abandoned them for a reason. Proponents say even moderate success will yield substantial return on the investment. Nature (free content)/News blog (7/17)
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Food & Agriculture
County clerk in Ore. rejects referendum petition on biotech crops
A petition for a referendum to prohibit the growing of biotech crops in Lane County, Ore., was turned down by the county clerk's office. The petition, filed by the group Support Local Food Rights, failed to meet the state's "single subject" requirement. The Register-Guard (Eugene, Ore.) (7/19), Capital Press Agriculture (Salem, Ore.) (7/18)
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Industrial & Environmental
EPA concludes public-comment period on proposed rules for corn fiber, biobutanol
The Environmental Protection Agency's proposed rules on new Renewable Fuel Standard pathways garnered a total of 117 comments. In its comments, the Renewable Fuels Association welcomed the agency's plan to categorize fuel made from corn kernel fiber as a cellulosic biofuel. The association also praised the EPA for coming up with a "sensible and straightforward approach" to assigning Renewable Identification Numbers for fuels made from cellulosic biomass. EthanolProducer.com (7/18)
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SmartQuote
The true sign of intelligence is not knowledge but imagination."
-- Albert Einstein,
German-born theoretical physicist
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