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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 May 16, 2022 7:42pm
179 Views
Post# 34687805

Biogen update

Biogen update

Last months' decision by the U.S. Centers for Medicare and Medicaid Services to deny widespread coverage for aducanumab continues to reverberate (Apr 2022 news). As private insurers follow suit, Biogen announced in a quarterly earnings report its plans to lay off personnel in its aducanumab commercial group, and reported other cost-cutting measures as well as the departure of CEO Michel Vounatsos (Endpoints news).

“I am sad to say that Aduhelm's future is in peril given the restrictions by the CMS,” Marwan Sabbagh at the Barrow Neurological Institute in Phoenix told Alzforum. “The logical way forward for the field, and Biogen for that matter, is to do another blinded RCT.”

Biogen affirmed that it will continue ENVISION, a Phase 4 confirmatory trial that is supposed to start enrolling this month, as well as EMBARK, the ongoing open-label extension of prior Phase 3 trials. “Biogen expects to continue funding certain regulatory and R&D activities for Aduhelm,” the quarterly report noted. It also states that, “Additional actions regarding Aduhelm may be informed by upcoming data readouts expected for this class of antibodies, as well as further engagement with the FDA and CMS.”

It is unclear if the 6,000-patient International Collaboration for Real-World Evidence in Alzheimer’s Disease post-market study will continue. Biogen representatives told Alzforum they were not yet ready to make an announcement on iCARE (Aug 2021 news). Only a small number of patients nationwide, perhaps in the hundreds, are currently taking aducanumab outside of a trial setting. Biogen committed to continuing to provide the drug for free to this group, but new patients interested in the treatment will likely have to pay out of pocket.

Biogen did not respond to queries asking whether a small Phase 1 study of subcutaneous aducanumab would continue. However, representatives at Eli Lilly told Alzforum they would continue their head-to-head study of aducanumab and donanemab, for which topline results are expected by the end of the year. “Patients were excited to enroll in this trial, given the opportunity to be on active drug in both arms,” the company noted in an email. “We have the opportunity for continued learning for the field, including whether more quickly lowering plaque translates to a benefit on tau and GFAP [biomarkers].”

Meanwhile, Eisai announced that it and partner Biogen have completed their biologics license application for lecanemab to the FDA under the agency's accelerated approval pathway, and have requested priority review. Results of lecanemab's Phase 3 study are due this fall. If they are positive, the companies will request full approval from the FDA in early 2023, and will also submit in Japan, according to Eisai's quarterly report.—Madolyn Bowman Rogers

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