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ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a clinical-stage biotechnology company. It is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA). Its proprietary target discovery engine applies a thermodynamic, computational discovery platform-ProMIS and Collective Coordinates-to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. Using this approach, the Company is developing novel antibody therapeutics for AD, ALS and MSA. Its product candidates are PMN310, PMN267, and PMN442. The PMN310 is a monoclonal antibody designed to treat AD by selectively targeting toxic, misfolded oligomers of amyloid-beta. PMN267 product candidate targeting ALS. PMN442 is a drug candidate being developed for MSA designed to selectively target and protect against pathogenic a-syn species.


NDAQ:PMN - Post by User

Post by retiredcopon Nov 02, 2020 9:19pm
156 Views
Post# 31827472

FDA Advisory member has been recused from Biogen Review

FDA Advisory member has been recused from Biogen Review I wonder why this would be a shock to people that he was asked to stand down... 

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By Deena Beasley

Nov 2 (Reuters) - The U.S. Food and Drug Administration, citing conflict of interest, has recused a member of an 11-person advisory committee set to review Biogen Inc's experimental Alzheimer's drug aducanumab on Friday.

Mayo Clinic neurologist Dr. David Knopman confirmed on Monday that he was recused from the scheduled meeting of outside advisors to the FDA. Expert advisory panels often play an important role ahead of FDA approval decisions, although the agency is not required to take their advice.

 

Knopman, who said he was recused because of his involvement in conducting clinical trials of aducanumab, has been a vocal critic of the drug, including in a paper published on Sunday in the journal Alzheimer's & Dementia.

"Aducanumab's efficacy as a treatment for the cognitive dysfunction in Alzheimer's disease cannot be proven by clinical trials with divergent outcomes," he wrote.

The FDA, which is slated to decide by early March whether to approve aducanumab, did not immediately respond to a request for comment.

If approved, aducanumab would be the first drug to treat an underlying cause of the fatal, mind-wasting disease, a field that has for decades produced nothing but failure. By 2025, the number of people age 65 and older with Alzheimer’s dementia is projected to reach 7.1 million in the United States alone, according to the Alzheimer's Association.

Biogen has said aducanumab, an antibody designed to remove harmful plaques from the brain, was shown in one of two major studies to significantly slow cognitive and functional decline. A second trial, however, showed a benefit only for a subset of patients who were given a high dose for at least 10 months.

Biogen abruptly ended a pivotal trial of aducanumab last year after an early look at results suggested it did not provide a desired benefit. Months later, the biotech company shocked many by reversing course, saying it had decided to seek FDA approval after all.

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