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Opinion on  Gilead Sciences Inc (GILD)     Sector: Healthcare  >  Industry: Biotechnology & Drugs
Updated Clinical Trial and FDA Decision Calendars

Feb 22, 2009 11:35 AM GMT
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Updated FDA and Clinical Trial Calendars
 
By Mike Havrilla on 2/22/09
BioMedReports.com
 
Below is a summary of updates to the FDA decision calendar since my last article, which includes a total of 90 entries through today:
 
1.) Nuvo Research (NRIFF.PK) (Canada: NRI.TO) NDA re-submission for Pennsaid - A topical NSAID for arthritis pain/inflammation - along with Paladin Labs (Canada: PLB.TO)
 
2.) Hemispherx Biopharma (HEB) Ampligen (Poly I: Poly C12U) NDA (three month PDUFA date delay announced 2/18/09 as additional data was submitted within three months of original decision date. A decision is now expected by 5/25/08 for the Company's resubmission of its Ampligen NDA, which is designated as an Orphan Drug for the treatment of chronic fatigue syndrome, which has no FDA-approved treatments on the market. Click here for a review article on the decades-long development of Ampligen and HEB will be presenting new clinical data at a medical conference on March 13.
 
3.) Schering-Plough (SGP): Saphris (asenapine) sublingual tablets response submitted 2/20/09 to the complete response letter from January 2009 for the acute treatment of schizophrenia in adults and for the acute treatment of manic or mixed episodes associated with bipolar I disorder in adults as mono-therapy. SGP gave guidance for finalizing labeling discussions with FDA for approval, but no timeline was given for a final decision by the agency.
 
4.) Takeda Pharma (TKPHY) received FDA approval for the first new gout treatment in decades, which will be marketed as Uloric (febuxostat).
 
5.) Savient Pharma (SVNT) announced a three month delay in the review of its gout drug candidate Krystexxa (pegloticase) (formerly Puricase) with a new PDUFA date of 7/30/09 and a FDA Advisory Panel scheduled for 3/5/09. SVNT submitted additional data to the agency to improve its chances for approval, including a risk management plan, a bi-weekly dosing request, and more details on the cardiovascular side effects of the drug, which remain as the major overhang on the drug and focus of the upcoming advisory panel meeting.
 
6.) Genzyme (GENZ) expects to receive FDA approval by the end of next week for Myozyme produced at the 2,000 liter bio-reactor scale, which will be marketed in the U.S. as Lumizume.
 
Below is a summary of updates to the Clinical Trial Results Calendar and pending FDA New Filings or Re-Submission with a total of 127 entries through today:
 
1.) Gilead Sciences (GILD): This past week, the FDA reiterated its stance on that GILD must conduct additional clinical trials before re-submitting the Aztreonam Lysine (inhaled formulation) NDA and there are currently two ongoing studies for the treatment of an opportunistic infection (P. aeruginosa) in cystic fibrosis patients. GILD expects to provide clarity on timelines  for NDA re-submission at a later date.
 
2.) Cell Therapeutics + Spectrum Pharma (SPPI): After the market close on Friday, CTIC announced that it would sell its stake in the 50/50 joint venture with SPPI (RTI Oncology) for $18M cash. The joint venture was for cancer drug Zevalin, which has a priority review PDUFA date of 4/2/09 to expand its label to include consolidation therapy for follicular B-cell non-Hodgkin's lymphoma if a response is achieved with first-line therapy to increase the market size from 1,000 to 18,000 patients for SPPI.
 
The move by CTIC provides a capital lifeline (a recent SEC filing showed only enough cash to operate through the end of this month) and reduces cash burn by $15M annually to around $4M per month. CTIC will now focus on the development of lead cancer drug candidates pixantrone and Opaxio (which is under review for potential 2H09 approval in Europe and has pending Phase 3 data expected 2H09 for ovarian cancer).
 
CTIC expects to begin submission of a rolling NDA with a priority review (six month) request during the current quarter for pixantrone and reported additional Phase 3 clinical trial data this past week. Last November, pixantrone achieved its primary efficacy endpoints in a Phase 3 trial and the new data includes a rapid response time and favorable safety profile compared to standard chemo and anthracyclines (a class of cancer drugs which result in chronic toxicities such as heart damage which limit their use).
 
CTIC is also evaluating strategic alternatives for its Italian R&D facility, which would further reduce its burn rate. Agreements with Novartis (NVS) for pixantrone and Opaxio provide for $17.5M ($7.5M licensing option for NVS + approval milestone payment for pixantrone) and $25M (Opaxio approval milestone in Europe).
 
Join Me at BioMedReports.com
 
www.BioMedReports.com is a new website for healthcare investors and traders, featuring its own blog, discussion forum, news feeds, stock research reports, press release capability, videos, stock commentaries (with multiple contributors), and other unique content – including my FDA and Clinical Trial Calendars (with over 200 entries) plus a database that includes about 900 U.S. and foreign stocks + ETFs from the healthcare sector which are organized into new stock indexes.
 
Please note that my current blog site at www.ETFinnovators.com and the associated RSS Feed at http://feedproxy.google.com/etfi will continue to be available for a limited time during the transition, but all new content will be posted at BioMedReports.com in a variety of multimedia formats. You can subscribe to my new blog location at the RSS feed for the new site.
 
The new site offers free and premium subscription options, with a $120 annual fee for access to over 200 entries for pending FDA decisions, clinical trial results, and pending re-submissions or new filings for FDA approval. The monthly average cost of just $10 is the same as an average online stock trading commission and compares favorably to competing reports at sites such as Revere Data, which charge $125 and $100 each per month for their FDA Approval and Biotech Pipeline research reports, respectively.
 
Aside from our much lower cost (at less than one-twentieth the cost of the two similar Revere Data monthly research reports), the FDA and Clinical Trial Calendars at BioMedReports.com feature daily updates to the database and users have access on a dynamic basis through the website platform rather than a static PDF report which is issued on a monthly basis.


GILD:  This call was made on 02/22/09 @ $50.1
Rating:   Positive   $50.1 (02/22/09)
Closed:   02/25/2009 @ $49.81 (-0.58% in 3 days)


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