BMS Scoops Cormorant in $520M Immuno-Oncology Deal
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GSK Gets Digital In Respiratory Is Pharma Geared For Big Efficiency Stockwatch In the latest installment of our Pay-Offs? As Brexit-induced volatility continued executive profile series, GSK’s SVP Eric Driving operational efficiencies may to reverberate across the stock market, Dube explains his expectations for not seem exciting in an industry racing investment bank analysts started to GSK’s future working with technology towards cures for cancer but some data downgrade companies (p21) & digital partners (p3) reveals why drab may be fab (p19) 15 July 2016 No. 3811 Scripscripintelligence.com Pharma intelligence | informa “We believe combination therapy will be foundational to delivering the poten- tial for long-term survival for patients, and the opportunity to develop the HuMax-IL8 antibody program together with our broad immuno-oncology pipeline enables us to accelerate the next wave of potentially transformational immunotherapies,” said Francis Cuss, executive vice president and chief scientific officer, Bristol-Myers Squibb. Based on the nature of the molecule and the research phase it is in, analysts at Biomedtracker estimate that HuMax- IL8 currently has a likelihood of approval rating of 6%. Interleukin-8 was first characterized in Maarten de Château, CEO of Cormorant 1987 as a monocyte-derived neutrophil Pharmaceuticals chemotactic factor belonging to the CXC Shutterstock: Cormorant Pharmaceuticals AB Pharmaceuticals Cormorant Shutterstock: chemokine family. It is released from a variety of cells upon stimulation with IL-1, LPS, tumor necrosis factor alpha, viruses BMS Scoops Cormorant In $520M and lectins, and binds to two distinct, G- protein-coupled receptors (GPCRs) CXCR1 and CXCR2. Immuno-Oncology Deal While a number of IL-8 focused mol- MIKE WARD [email protected] ecules have been developed as candidate treatments of inflammatory diseases, BMS Bristol-Myers Squibb Co. has bolstered its HuMax-IL8, which is currently in Phase I/II de- has interest in IL-8 because of the growing immuno-oncology ambitions by acquir- velopment as a cancer agent. BMS will take body of evidence – the number of papers ing IL-8 focused Cormorant Pharmaceu- over immediate control of the current trial. published annually linking IL-8 with cancer ticals AB, the 4-year old Swedish biotech. In its bid to maintain its leadership in has trebled since 2002 – that the mediator Cormorant’s shareholders are getting immuno-oncology, Bristol-Myers Squibb is upregulated in many different solid tu- $95M up front with the promise of a fur- has been actively looking to further mors and is involved in tumor suppression. ther $425M if milestones are achieved. expand and solidify its pipeline either IL-8 has been identified as an important through development of single agents growth factor for cancer stem cells (CSC) S pharma giant Bristol-Myers Squibb or more commonly in combination with in breast cancer. Tumor cells secrete IL-8 Co. continues to reinforce its bur- other agents and had already concluded when killed by chemotherapy. Binding of Ugeoning immuno-oncology fran- a number of deals. Evidence that IL-8 IL-8 to CXCR1 can then stimulate growth chise with the $520M acquisition of Cormo- might have a role in cancer stem cell ac- of cancer stem cells which are able to self- rant Pharmaceuticals AB, a private Swedish tivity and tumor immunosuppression at- renew and possess the ability to regener- biotech with just one interleukin-8 (IL-8)- tracted the attention from a number of ate all different cell types of the parental focused human antibody asset in the clinic, oncology companies in Cormorant. CONTINUED ON PAGE 7 BROUGHT TO YOU BY THE EDITORS OF PHARMASIA NEWS, START-UP AND SCRIP INTELLIGENCE IN THIS ISSUE Boehringer Ingelheim is 5 cutting 724 jobs in the US, including 49 at its stateside corporate HQ Medivation has rejected GSK and the NIAID have a second, $1bn higher entered into a partnership buyout offer from Sanofi 9 to develop a Zika vaccine 15 COVER / BMS Scoops Cormorant In $520M Immuno- from the editor Oncology Deal [email protected] 3 GSK Gets Digital In Respiratory Under Optimistic Leadership Of Eric Dube As of July 11, Scrip’s content has been expanded to in- clude all the in-depth news, analysis and business intel- 5 Medivation Rejects Sanofi’s Latest Bid, ligence on key issues impacting the biopharmaceutical But Enters Confidential Negotiations industry from our former sister publications PharmAsia News and Start-Up. 6 Eyes Turn To Caldicott Review As Big Data Hopes All the editors and reporters working on Scrip, PharmA- Hit By Care.Data Closure sia News and Start-Up will continue to provide the con- tent that you have come to rely on. 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Keep The Lead http://bit.ly/29yx0LI 21 Stockwatch: What Glimmer Through Yonder Bristol stresses comprehensive approach to lung cancer – its Gloom Breaks? top priority – with trials from early to late stages, a thoughtful biomarker development program and a pipeline stocked with 22 Pipeline Watch drugs that have a wide range of targets. 23 Appointments Merck Oncology Strategy: With First-Line Lung Data, A New Day Dawns For Keytruda Merck claims to have the broadest clinical development program for an anti-PD-1/L1 drug, with more than 270 trials under way testing Keytruda in 30 tumor types and 100 combinations. @scripnews /scripintelligence http://bit.ly/29yxfGK /scripintelligence /scripintelligence 2 | Scrip intelligence | 15 July 2016 © Informa UK Ltd 2016 HEADLINE NEWS GSK Gets Digital In Respiratory Under Optimistic Leadership Of Eric Dube LUCIE ELLIS lucie.ellis@informacom Eric Dube took over GlaxoSmithKline PLC’s global respiratory LE: What was your first ever job? franchise in 2015 after holding several positions across the com- ED: I took over my neighbourhood newspaper route when I was 10. pany in the last 15 years, including an important role in Japan From that point on I can’t remember not having a job. that taught him leadership skills and an all new business way of life. In the latest installment of our executive profile series, in LE: How did you get into the industry? which Scrip gets behind the C-suite curtain, GSK senior vice pres- ED: I was in grad school when I was first introduced to the phar- ident Dube explains his expectations for GSK’s future working maceutical industry. At the time I was studying to be a profes- with technology and digital partners, the most challenging part sor of social and developmental psychology. I have always been of running a global franchise and what has inspired him over the drawn to learning, teaching and making a positive impact on the years to remain within the pharmaceutical industry. world through better understanding of science. But l was asked by a friend to do some freelance writing about the industry and I really enjoyed the pace of this business. From that time I was LUCIE ELLIS: How have you risen to a leadership position within really hooked. the industry? ERIC DUBE: I have always been eager to learn and challenge my- LE: How has the industry changed since your first experience? self and I also try to take an optimistic view toward the business, ED: One of the things that struck me when I first joined the industry our industry and our people. Pharma was not my chosen career was the debate around “Will pharma become much more collab- path, I wanted to be a professor and was planning to be one af- orative?” When I first joined, the discussion was focused on whether ter graduate school, but I saw the opportunity within pharma to we should collaborate on the discovery and development side of make an impact not just on an organization but on society as a things – and obviously we are seeing more big pharma acquiring whole. Without having that purpose I probably would not have and collaborating now, whether it’s with academia or biopharma. chosen the types of challenging roles and positions I have done But in the last couple of years I have seen more collaboration on so far in my career. My optimistic view that there must always be the commercial side – around digital, data and analytics, not just something more we can do as an industry has encouraged me to co-promotion.