News

Bayer discontinues drug for chronic cough

Country
Germany

Bayer AG has decided to discontinue development of the Phase 2 drug candidate, eliapixant, a P2X3 receptor antagonist that was being evaluated in endometriosis, refractory chronic cough, overactive bladder and diabetic neuropathic pain.

This is based on a review of data showing that the overall benefit no longer outweighs the risk in these indications. The drug was developed in collaboration with Evotec SE which will regain rights to the assets. Bayer announced its decision on 4 February 2022.

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Positive data for Lyme disease vaccine

Country
France

Pfizer Inc and Valneva SE have reported further positive Phase 2 data for their Lyme disease vaccine candidate, VLA15. As a result, the companies plan to proceed with a three-dose primary series vaccination schedule in a planned Phase 3 trial. The trial is expected to start in 2022.

GSK prepares for demerger

Country
United Kingdom

GlaxoSmithKline Plc expects to deliver sales growth of 5-7% at constant exchange rates this year and a double-digit increase in adjusted operating profit as it repositions itself as a pure biopharmaceutical enterprise. This will follow the demerger of its jointly-owned consumer healthcare business at mid-year. GSK owns 68% of the business, while Pfizer Inc has 32%.

Sanofi lifted by Dupixent

Country
France

Dupixent and a group of other specialty care products lifted sales of Sanofi SA in 2021 offsetting declines for legacy cardiovascular and diabetes products. At the same time, the company refreshed its portfolio with three acquisitions in the fourth quarter. Group turnover was €37.76 for the year, up by 4.8% from 2020. The increase was 7.1% when calculated using constant exchange rates. Sales of Dupixent, a treatment for asthma and other auto-immune diseases, amounted to €5.25 billion, up by 52.7% from the previous year.

Roche boosted by diagnostics

Country
Switzerland

The Roche Group reported sales of CHF 62.8 billion ($68.12 billion) in 2021, a rise of 8% from a year earlier and largely driven by brisk demand for its Covid-19-related diagnostic products. Diagnostic sales increased by 29% during the year. By contrast, the pharmaceutical division, which accounts for 72% of group turnover, reported a sales increase of just 1%. Measured in constant exchange rates, this increase was 3%.

Novartis expands margin

Country
Switzerland

Novartis saw its profit margin expand in 2021 as operating expenses were kept in check while sales grew. However the pace of expansion was limited to the company’s proprietary medicines division. Sandoz, its generics business, had flat sales for the year as volume growth was more than offset by a decline in prices. In a statement on 2 February, Novartis said it is exploring several options for Sandoz, including a separation of the business. Further information is expected, at the latest, by the end of 2022.

Pharming achieves positive results for leniolisib

Country
Netherlands

Pharming Group NV of the Netherlands has achieve positive results from a Phase 2/3 registration-enabling study of the small molecule drug leniolisib, a candidate treatment for activated phosphoinositide 3-kinase delta (PI3K delta) syndrome, an ultra-rare primary immunodeficiency disease. The placebo-controlled study consisted of two sequential parts, the first of which was a successful dose escalation study which reported results in 2018. Results from the second part of the study, reported on 2 February, showed clinical efficacy, including a normalisation of immune dysfunction.

Ethris GmbH raises funds for mRNA therapeutics

Country
Germany

Ethris GmbH has raised $26.3 million in a Series B financing round to support development of messenger RNA (mRNA) therapeutics, an area of growing interest to the pharmaceutical industry. The Munich, Germany-based company has developed a technology enabling the delivery of candidate therapies directly to the respiratory system. Whereas the small number of approved RNA medicines are delivered to patients by injection, Ethris has developed nebulisation technologies for inhaled administration.

Pfizer, Ionis discontinue vupanorsen

Country
United States

Pfizer Inc and Ionis Pharmaceuticals Inc have discontinued development of vupanorsen, an antisense oligonucleotide intended for cardiovascular risk reduction and the treatment of severe hypertriglyceridaemia, a condition characterised by high amounts of triglycerides in the blood. Announced on 31 January, the decision was taken despite favourable results from a recent Phase 2b study.

FDA approves Vabysmo

Country
Switzerland

The US Food and Drug Administration has approved the first bispecific antibody medicine for  the eye – a treatment that targets two pathways thought to contribute to vision loss by destabilising blood vessels. The drug, Vabysmo (faricimab-svoa), has been authorised for the treatment of neovascular or ‘wet’ age-related macular degeneration (AMD) and diabetic macular oedema. Both diseases impair central vision, with the latter affecting people with Type 1 and Type 2 diabetes.