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Company News: biocrea acquires CNS pipeline and PDE inhibitor platform from Biotie

In a management-buyout, biocrea GmbH is taking over  the CNS pipeline and phosphodiesterase enzyme (PDE) inhibitor platform from Finnish Biotie Therapies Corp.

The company currently has a pipeline of three PDE inhibitors at research and preclinical stages, which will be advanced into clinical development by 2012. The compounds have already demonstrated efficacy in preclinical animal models for schizophrenia, memory impairment, depression and anxiety.

biocrea is based in Radebeul near Dresden, Germany, and will be led by Dr. Tom Kronbach, former CSO of Biotie.

More details can be found soon at biocrea’s website.

Food for Thought: Posing Stem Cell Therapy at Risk

Many researchers agree that stem cells – whether they originate from embryos or from adults – bear great therapeutic potential. They are toti- or pluripotent cells, which by definition are able to regenerate all sorts of damaged tissue – provided their differentiation is confined to the desired environment, leads to the right type of tissue and can be controlled so as not to give rise to side effects, e.g. tumors.

How to fulfill these preconditions is under thorough investigation in many research institutions, but most experts agree that science is not there yet.

Nevertheless, some researchers have set out to try – and the danger is great that stem cell therapy therefore will follow the thorny gene therapy road that started in the early nineties with unfounded experiments, serious side effects, and deaths of patients.

The first stem cell therapy related death is already there: as reported by German magazine “Wirtschaftswoche” today, this month an eight years old boy died from cerebral hemorrhage after receiving an injection of autologous stem cells into his brain. He had been treated by researchers from German stem cell therapy company XCell-Center (Düsseldorf, Germany). In Germany, autologous stem cell therapies are regarded as individual medicinal products (“Individualarzneimittel”), which require a manufacturing authorization but no regulatory approval as a drug. Already in spring, a ten years old boy developed the same condition after stem cell treatment of his brain by XCell-Center. Luckily, he survived.

But the FDA-approved clinical trial involving embryonic stem cells that started in Atlanta, GA, last week is also met with scepticism by experts. In this trial, the first patient  suffering from spinal cord injury was injected with about 2 million oligodendrocyte progenitor cells derived from human embryonic stem cells. While the researchers of Atlanta’s Shepherd Center and stem cell company Geron Corp., sponsor of the trial,  hope that the cells will form a restorative coating around the damaged spinal cord, experts such as Volker Dietz, professor at Neuroscience Center Zurich and a specialist in treating paraplegic patients, react with “disgust and infuriation”. He told German Sunday paper “Frankfurter Allgemeine Sonntagszeitung” this weekend that the treatment approach was unfounded as the regeneration of nerve cells is far from being understood and previous experiments transplanting coating cells – the cells the US researchers are trying to generate – did not lead to any effects. Dietz said, among his fellow experts, he had “not heard a single positive voice yet”.

After two decades, gene therapy today is a niche application with sparse successes, which is the result of serious blows the field experienced after some of the first patients died from side effects such as leukemias. Consequently, parliaments, regulators, funding agencies and the public as well as investors regarded the field as dangerous and too risky to pursue. With trials not supported by many specialists and the first dead patient, it seems the same scenario is unfolding today. Therefore, today’s  self-styled pioneers of stem cell therapy  not only pose patients at risk, but the field as a whole.

Company News: Micromet Announces IND for MT111 Trial Obtained by Partner MedImmune

Micromet, Inc. (NASDAQ: MITI) today announced that MedImmune, licensee for Micromet’s MT111, plans to initiate a Phase 1 trial in patients with advanced gastrointestinal cancers based on an investigational new drug (IND) application recently accepted by the U.S. Food and Drug Administration (FDA).

MT111, also known as MEDI-565, is a BiTE® antibody designed to direct a patient’s T cells, the body’s most potent killer cells, against cancer cells that express carcinoembryonic antigen (CEA). CEA is a protein found on the surface of a number of gastrointestinal cancers, including colorectal, esophageal and gastric cancers.

MT111 will be Micromet’s third BiTE antibody to progress to clinical trials. Moreover, MedImmune’s decision demonstrates its ongoing confidence in the BiTE principle. Last year, MedImmune had decided to hand back to Micromet all rights to blinatumomab, a BiTE molecule in development for blood cancers.
Blinatumomab last months entered a pivotal trial in adult patients with MRD-positive acute lymphoblastic leukemia (ALL) and a Phase II trial in adult patients with relapsed/refractory ALL.

Food for Thought: The Art of the Long View

– Planning for the Future in an Uncertain World –

First published in 1991, “The Art of the Long View” by Peter Schwartz continues to be one of the classics on a forecasting method called scenario planning. Initially developed at Royal/Dutch Shell, scenario planning allows for a systematic strategic approach to assess future developments in a best case, base case, and worst case scenario, respectively.

Based on comprehensive information gathering and processing, this long-range planning approach not only enables decision makers and entrepreneurs to outline potential scenarios, but also to track the change of key parameters for their business, thereby determining the likelihood of individual scenarios.

Sounds too abstract? Take a drug development company with several compounds in clinical development. Assembling and tracking information on key value drivers, such as statistic failure of product candidates at various development stages, recent market developments, latest trial data of the compounds etc., will provide a comprehensive overview of the progress of the company´s pipeline and its likelihood to get to the market.  More important, it is also an opportunity to prepare for less favorable scenarios and act quickly if they become reality.

For further information about scenario planning and Peter Schwartz´s work, please click here.

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