Youyou Tu wins 2015 Nobel Prize in Physiology or Medicine

Youyou Tu received the 2015 Nobel Prize in Physiology or Medicine. She became the first Chinese scientist who won the prize. In 1970s, Tu successfully extracted artemisinin from Artemisia annua with ether. At first, they failed to extract the compound with boiling water, because hot water had already damaged the compound.

Chinese investors may hype the concept as they always did in the past, though artemisinin suppliers such as Fosun Pharma (SSE: 600196) and KPC Pharmaceuticals (SSE: 600422) didn’t and will not earn much from the drug because of its low price. Chinese stock markets are filled with speculators and retail investors. We will see.

Elcelyx Therapeutics raises $40 million to develop delayed-release metformin

Metformin is the most widely prescribed diabetes drug in the world. Many diabetics couldn’t take the drug because of adverse side effects or impaired kidney function. Metformin could accumulate in the plasma, resulting in lactic acidosis, a fatal adverse event.

Elcelyx Therapeutics is developing a delayed-release formulation of metformin (Met DR) which limits the absorption of metformin into the blood, avoiding the risk of lactic acidosis. The company just closed a $40 million Series E financing to advance the program.

The mechanism of action of metformin remains incompletely understood. A decade ago, scientists suggested that metformin reduces glucose synthesis via activation of AMPK[1]. Researchers from the University of Pennsylvania challenged the AMPK hypothesis and provided a novel mechanism by which metformin suppresses the glucagon signaling[2].

Elcelyx researchers have their own thoughts. They believe the gastrointestinal tract is the principal site of action of metformin[3]. The drug can enhance the secretion of GLP-1 in the intestines. Thus metformin is not necessary to be absorbed into the blood.

Currently existing formulations of metformin (Met IR/XR) dissolve in the stomach, where the drug is absorbed into the blood. In contrast, Elcelyx’s delayed-release formulation passes through the stomach, and release metformin in the intestines. The metformin concentrations in the plasma were reduced by 75%.

Elcelyx has completed a 12-week, 240-patient trial[4]. The mean 4 week FPG reductions were -13 mg/dl and -18 mg/dl for 600 mg and 1000 mg Met DR. As a non-blinded reference, Met XR 1000 mg and 2000 mg resulted in FPG reductions of -12 mg/dl and -25 mg/dl. In other words, 600 mg Met DR produced a reduction in FPG similar to 1000 mg Met XR, while 2000 mg Met XR resulted in additional reductions in FPG compared to 1000 mg Met DR.

Elcelyx intends to develop Met DR for patients with kidney impairment. The Phase III trials would cost $100 million or more, which means the company may need to raise more money. I am not so optimistic about the gut-based pharmacology of metformin. It was published in PLoS One that was filled with lower quality papers.

[1] J Clin Invest. 2001, 108(8), 1167-1174.
[2] Nature. 2013, 494(7436), 256-260.
[3] PLoS One. 2014, 9(7), e100778.
[4] Diabetes Care. 2015, pii: dc150488.

Former Pharmacyclics CEO raises $75 million to develop oral checkpoint inhibitor

Corvus Pharmaceuticals closed a $75 million Series B financing yesterday. Just ten months ago, the company raised a $33.5 million Series A round. The proceeds will be used to develop its oral checkpoint inhibitor.

The company was launched by former Pharmacyclics (NASDAQ: PCYC) CEO Richard Miller last year. In Pharmacyclics, Miller established the ibrutinib program. Imbruvica (ibrutinib) is estimated to generate peak sales of $6-$9 billion. With the new company, Miller turns his attention to checkpoint inhibitors, a red hot field.

Checkpoint inhibitors such as anti-PD1 and anti-CTLA4 have been a revolution for the treatment of cancer. Many companies are developing candidates targeting other checkpoints (e.g., CD40, OX40, 4-1BB, TIM3, LAG3, GITR, KIR).

All approved checkpoint inhibitors including nivolumab, pembrolizumab and ipilimumab are monoclonal antibodies. Corvus’s lead product candidate is a small-molecule drug which could be taken orally. It also targets a different checkpoint protein, but the company didn’t disclose which one.

Small-molecule immunotherapies such as IDO inhibitors and Aduro Biotech’s (NASDAQ: ADRO) cyclic dinucleotides (CDNs) have caught the eyes of scientists and investors worldwide. Corvus could be the next big thing.

Harvard scientists reveal how cortistatin A kills leukaemia cells

Cortistatin A (CA) is a natural steroidal alkaloid isolated from sea sponges[1]. Kyriacos Nicolaou totally synthesized the compound and characterized it as an inhibitor of CDK8 and CDK19[2]. Yesterday, a group of Harvard scientists led by Matthew Shair published a paper in Nature[3], revealing the specific mechanism of CA killing leukaemia cells.

It is well known that super-enhancers (SEs) play an important role in tumor pathogenesis. The BRD4 inhibitor I-BET151 downregulated SE-associated genes, thereby inhibiting cancer cells. However, the new paper suggested that CA upregulated these SE-associated genes, yet also inhibited leukaemia cells. Shair believes that cancer cells are sensitive to the dosage of SE-associated genes.

The authors tested CA in approximately 400 kinases, and found that the compound inhibits only CDK8 (IC50=12 nM) and CDK19 in cells. The crystal structure of CA/CDK8 complex (Protein Data Bank ID: 4CRL) reveals the exquisite binding mode. Most kinase inhibitors do not have this type of 3D structure.

Cortistatin A

The researchers measured the efficacy of CA in an AML model using SET-2 cells. The drug afforded a 71% tumour volume reduction, also with no loss in body weight.

CA was totally synthesized via 32 chemical steps. It should be very difficult to make the compound on a large scale. Scientists are trying to find less complex structures that work just like the natural compound.

[1] J Am Chem Soc. 2006, 128(10), 3148-3149.
[2] Angew Chem Int Ed Engl. 2009, 48(47), 8952-8957.
[3] Nature. 2015, doi: 10.1038/nature14904.

Tyrogenex presents Phase I results of oral therapy for AMD

Anti-VEGF therapies including Avastin (bevacizumab), Lucentis (ranibizumab), Eylea (aflibercept) and conbercept have reformed the treatment of wet age-related macular degeneration (AMD). Both Lucentis and Eylea sold billions of dollars per year. Conbercept, developed by Kanghong Pharmaceutical (SZSE: 002773), also sells well in China, generating CNY 110 million in the first half of 2015.

Currently approved anti-VEGF products for AMD are monoclonal antibodies and fusion proteins. Patients require repeated eye injections of anti-VEGF biologics to control their disease. An oral treatment with similar efficacy and safety will be welcomed by many patients. That is what Tyrogenex is doing right now.

Tyrogenex’s lead compound is called X-82, which inhibits VEGFR, PDGFR, FLT3 and KIT. The compound is currently in Phase II trials for wet AMD and solid tumors. In June 2014, the company received $15 million in Series D financing from Brace Pharma. The funding is used to support the Phase II trials.

The Phase I results of X-82 for AMD were presented at the 15th EURETINA Congress. The trial enrolled 35 previously treated patients with wet AMD. Four dose levels, ranging from 50 mg to 200 mg, were evaluated. Of the 25 patients completing the full 24-week treatment, 15 required no intravitreal injections of Lucentis, and had a mean visual acuity improvement of +5.3 letters.

The Phase I results were clinical meaningful. 43% (15/35) of patients maintained or improved their visual acuity scores, and did not require any injections of Lucentis. What really concerns me is the safety profile of X-82. As we know, multikinase inhibitors (e.g., sorafenib, sunitinib) could result in various adverse events. Lucentis and Eylea are well tolerated because of their high selectivity and local injection.

X-82 is derived from sunitinib, but X-82 has a shorter half-life than sunitinib, resulting in less tissue accumulation. Indeed, X-82 caused fewer side effects than sunitinib. There were still three patients experiencing transaminase elevations within the first month of starting treatment. Only 71% (25/35) of patients completed the full 24-week treatment.

Tyrogenex and its sister company, Xcovery, were founded by Dr. Chris Liang (梁从新) who emigrated from China in 1984. Liang is credited as the co-inventor of sunitinib. In 2007, Xcovery was one of the most promising biotech companies in the world, but it looks just so-so today. In October 2014, Beta Pharma invested $20 million into Xcovery while gained China rights to X-396, an ALK inhibitor. AnewPharma, a Shanghai-based company, is responsible for developing X-82 (CM082) in China.

CSCO Annual Meeting 2015 Highlights: anlotinib and fruquintinib

I am at the 2015 Annual Meeting of Chinese Society of Clinical Oncology in Xiamen, Fujian Province today. Here are some takeaways.

Abstract BI018: Anlotinib provides significant survival benefit in advanlced NSCLC
Anlotinib (AL3818) is a multi-target tyrosine kinase inhibitor (TKI) developed by Chia Tai Tianqing. In a Phase II trial (CTR20130315), the drug provides significant survival benefit in NSCLC (non-small cell lung cancer). The trial enrolled 117 patients with advanced NSCLC who had failed two previous treatments, 60 patients with anlotinib and 57 patients with placebo. Anlotinib significantly improved median PFS (4.8 vs 1.2 months, p<0.0001) and median OS (10.3 vs 6.3 months, p=0.075). The drug also improved ORR (13.3% vs 0.0%) and DCR (93.33% vs 47.37%). More patients experienced Grade 3/4 treatment-related adverse events with anlotinib (21.67% vs 5.26%). The most commonly reported treatment-related adverse events were hand-foot syndrome and hypertension.

Abstract DI005: Fruquintinib provides significant survival benefit in mCRC
Hutchison MediPharma presents Phase II (CTR20130968) results of fruquintinib (HMPL-013) in metastatic colorectal cancer (mCRC) at the CSCO2015. A total of 71 patients who had failed at least 2 prior lines of chemotherapy were enrolled in the trial, with 47 in the fruquintinib arm and 24 in the placebo arm, respectively. Fruquintinib improved median PFS (4.7 vs 1.0 months, p<0.0001) and median OS (7.6 vs 5.5 months). There was one response reported in the fruquintinib arm. The DCR in the fruquintinib arm was 68.1%, compared with 20.8% in the placebo arm. The most commonly reported treatment-related adverse events were hand-foot syndrome and hypertension. Dose interruption and dose reduction due to adverse events was reported to 51.3% in the fruquintinib arm.

Anlotinib is a cediranib me-too first discovered by Advenchen Laboratories (patent: WO2008112407). The company created a broad TKIs portfolio and established collaboration with Chinese Big Pharma.

TKI candidates discovered by Advenchen Laboratories

Program Target Indication Stage Partner
apatinib (YN968D1) VEGFR gastric cancer Approved Hengrui Medcine
HCC Phase III Hengrui Medcine
NSCLC Phase III Hengrui Medcine
lucitanib (AL3810) FGFR, VEGFR solid tumors Phase I SFFT (China)
NSCLC Phase II Clovis Oncology (US)
breast cancer Phase II Clovis Oncology (US)
anlotinib (AL3818) VEGFR, PDGFR, etc. CRC Phase II Chia Tai Tianqing
NSCLC Phase II Chia Tai Tianqing
RCC Phase II Chia Tai Tianqing
STS Phase II Chia Tai Tianqing
simotinib (AL6802) EGFR solid tumors Phase I Simcere

Tianqing’s NSCLC results are encouraging, but a Phase III trial is warranted to confirm these findings. Bayer once tested multi-target TKI sorafenib in NSCLC in a Phase III trial (MISSION). Sorafenib failed to demonstrated improvement in OS, though an improvement in PFS was observed.

The Phase II results of fruquintinib are not as good as the Phase Ib data presented at the ASCO2014. In the previous Phase Ib trial, 23.2% (13/56) of patents achieved a partial response or a minor response. The DCR was 80.4%, and the 9-month survial rate was 50%. In the Phase II trial, however, response rate dropped to 2.1%, the DCR dropped to 68.1%, and the median OS dropped to 6.3 months.

Regorafenib, another multi-target TKI, has been approved for the treatment of mCRC. According to the CONCUR trial in Asia, regorafenib significantly improved median PFS (3.2 vs 1.7 months, p<0.0001) and median OS (8.8 vs 6.3 months, p=0.002). The DCR also favored regorafenib over placebo (52% vs 7%). The most commonly reported treatment-related adverse events were hand-foot syndrome and hypertension. The efficacy and safety of fruquintinib and regorafenib are extremely similar.

Hengrui and Tianqing are developing their own TKIs for the treatment of mCRC. Hengrui presented Phase II results of famitinib at the ASCO2015 Gastrointestinal Cancers Symposium. The drug significantly improved median PFS (2.8 vs 1.5 months, p=0.004) and DCR (59.8% vs 31.4%). However, no difference in OS (7.5 vs 7.6 months) and ORR (2.2% vs 0.0%) was observed. The incidences of serious adverse events for the famitinib and placebo groups were 11.11% and 9.09%, respectively. The safety profile of famitinib seems better than competitors. Hengrui is running a Phase III trial to further evaluate the drug.

Tianqing is testing anlotinib in a large Phase II trial. Tianqing can use the Phase II results to file NDA. If all four TKIs are approved, these drugs have to compete with each other.

Phase II/III TKIs for the third-line treatment of mCRC

Company Trials ID Enrollment Start Date
regorafenib Bayer CTR20131694 163 patients 2012-04-29
famitinib Hengrui Medcine CTR20150185 540 patients 2015-03-10
fruquintinib Hutchison MediPharma CTR20140758 400 patients 2014-12-08
anlotinib Chia Tai Tianqing CTR20140777 450 patients 2014-12-09

Adding pioglitazone to imatinib may help fight leukemia

Gleevec (imatinib) is a breakthrough therapy that turns deadly chronic myeloid leukemia (CML) into a manageable disease. However, only 5% of patients achieved complete molecular response (CMR)[1] that no Bcr-Abl mRNA is detectable in the marrow.

A group of French researchers added Actos (pioglitazone) to imatinib on two patients diagnosed with both diabetes and CML[2]. Both two patients had never reached CMR in spite of long-term imatinib treatment. Amazingly, they achieved CMR after 1 year of pioglitazone addition.

pioglitazone plus imatinib

Before filing a formal clinical trial application, the researchers prescribed pioglitazone off-label to a third CML patient, this time non-diabetic, who never reached CMR either under long-term imatinib therapy. Finally, CMR was achieved after 6 months of pioglitazone addition.

All patients achieved sustained CMR up to 4.7 years after withdrawal of pioglitazone.

The authors note that activation of PPARγ by pioglitazone reduces expression of STAT5, while imatinib inhibits STAT5 activation by Bcr-Abl pathway. Imatinib alone is sufficient to kill the bulk of cancer cells, but fails to bring STAT5 activity below a threshold for killing cancer stem cells. Pioglitazone is effective at doing so in synergy with imatinib.

The trial is too small. It is difficult to know if the results would reproduce in a lager trial. It is also unknown whether CMR offers significant survival benefit. Imatinib already enable 90% of patients to survive for 5 years. A long-term, larger trial directly comparing the combination therapy versus imatinib alone is warranted.

[1] J Clin Oncol. 2008, 26(20), 3358-3363.
[2] Nature. 2015, doi:10.1038/nature15248.