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17 January, 2025
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1. Sage sues Biogen days after $469M buyout offer
2. What Trump's CMS can and can't change with the second round of drug price negotiations
3. Ozempic makes list for next round of Medicare drug price negotiations
4. FDA approves AstraZeneca and Daiichi Sankyo’s ADC for breast cancer despite lack of survival benefit
5. Novo claims high-dose Phase 3 Wegovy win but sales impact might be muted
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peer review
Kathy High leads GV, ARCH-backed eye disease biotech; Arvinas commercial exec steps down
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Zachary Brennan
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Monday is Martin Luther King Jr. Day, so we will not be publishing our newsletter again until Tuesday. Have a wonderful, long weekend.

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Zachary Brennan
Senior Editor, Endpoints News
@ZacharyBrennan
1
by Max Bayer

Sage Ther­a­peu­tics has sued Bio­gen in Delaware court, one week af­ter re­ceiv­ing a $469 mil­lion buy­out of­fer from the larg­er neu­ro­science phar­ma com­pa­ny.

The full law­suit was sealed, and the court said the case was con­fi­den­tial af­ter be­ing con­tact­ed by End­points News. But a sep­a­rate court fil­ing from Sage states that it is “seek­ing pre­lim­i­nary in­junc­tive re­lief to en­force a stand­still agree­ment and a tri­al on a pa­per record on an ex­pe­dit­ed ba­sis.”

Bio­gen de­clined to com­ment on on­go­ing lit­i­ga­tion. A spokesper­son for Sage said that “any dis­cus­sions be­tween Bio­gen and Sage re­gard­ing an ac­qui­si­tion of Sage should be con­duct­ed in pri­vate.” The spokesper­son added that the com­pa­ny is seek­ing a tem­po­rary re­strain­ing or­der “to pre­serve our rights and en­force the stand­still pro­vi­sion pre­vi­ous­ly agreed to with Bio­gen.”

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2
by Zachary Brennan

CMS did­n't wait for Pres­i­dent-elect Don­ald Trump to take of­fice be­fore is­su­ing its sec­ond list of drugs to be ne­go­ti­at­ed un­der the In­fla­tion Re­duc­tion Act, even though the agency had un­til Feb. 1 to re­lease it.

CMS of­fi­cials on Fri­day ex­plained the de­ci­sion on a me­dia call, say­ing the ear­ly re­lease ahead of the statu­to­ry dead­line will pro­vide man­u­fac­tur­ers with more time to pre­pare their da­ta for the ne­go­ti­a­tions.

But once the Trump ad­min­is­tra­tion takes over next week, it could move in sev­er­al dif­fer­ent di­rec­tions to ei­ther sup­port or quash drug price ne­go­ti­a­tions in the fu­ture.

If the Trump ad­min­is­tra­tion were to make changes to the ne­go­ti­a­tions, a CMS of­fi­cial said Fri­day that "it would re­quire ad­di­tion­al guid­ance and po­ten­tial rule­mak­ing and po­ten­tial­ly new in­for­ma­tion." The in­com­ing ad­min­is­tra­tion has­n't said any­thing pub­lic yet on its di­rec­tion.

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3
by Nicole DeFeudis

No­vo Nordisk’s block­buster GLP-1 prod­ucts Ozem­pic and We­govy are among the next 15 drugs sub­ject to the gov­ern­ment’s Medicare ne­go­ti­a­tion pro­gram un­der the In­fla­tion Re­duc­tion Act, fol­low­ing re­peat­ed calls from law­mak­ers to make the treat­ments more af­ford­able.

The list came weeks be­fore the gov­ern­men­t's dead­line, kick­ing off a new cy­cle that’s slat­ed to take place un­der the in­com­ing Trump ad­min­is­tra­tion. To­geth­er, the 15 drugs cost Medicare Part D about $41 bil­lion from No­vem­ber 2023 through Oc­to­ber 2024.

Com­bined with the first 10 drugs sub­ject to Medicare ne­go­ti­a­tions, the 25 drugs ac­count­ed for 36% of Medicare Part D spend­ing dur­ing the same pe­ri­od.

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4
by Lei Lei Wu

The FDA on Fri­day ap­proved datopotam­ab derux­te­can, an an­ti­body-drug con­ju­gate de­vel­oped by As­traZeneca and Dai­ichi Sankyo, for a sub­set of pa­tients with the most com­mon form of breast can­cer, de­spite mixed clin­i­cal tri­al out­comes.

Brand­ed as Da­troway, the TROP2-di­rect­ed an­ti­body-drug con­ju­gate was ap­proved for adults with un­re­sectable or metasta­t­ic HR-pos­i­tive/HER2-neg­a­tive breast can­cer af­ter chemother­a­py and hor­mone ther­a­py. The new­ly ap­proved treat­ment will com­pete with Gilead’s Trodelvy, a TROP2-di­rect­ed ADC that was ap­proved in a sim­i­lar set­ting in 2023.

Dai­ichi Sankyo told End­points News via email the list price for Da­troway in the US is $4,891.07 per 100 mg vial, which comes out to a month­ly list price of around $28,259.52 at the rec­om­mend­ed dose of 6 mg/kg once every three weeks.

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5
by Elizabeth Cairns

Fol­low­ing the poor­er-than-hoped per­for­mance of Ca­griSe­ma last month, No­vo Nordisk need­ed an em­phat­ic clin­i­cal suc­cess with its high-dose ver­sion of We­govy. The obe­si­ty drug did not quite man­age one.

A tri­al as­sess­ing the high-dose form of the in­ject­ed GLP-1 met its pri­ma­ry end­point, the com­pa­ny said Fri­day — but the weight loss fell short of that seen in a tri­al of Eli Lil­ly’s ri­val prod­uct Zep­bound. No­vo’s shares NVO dipped 4% in ear­ly trade as in­vestors con­sid­ered the da­ta, as well as ques­tions around man­u­fac­tur­ing and pric­ing.

No­vo said that pa­tients giv­en high-dose We­govy for 72 weeks lost 20.7% of their body weight. Tri­al sub­jects giv­en the ap­proved We­govy dose lost 17.5%, and place­bo pa­tients saw a weight re­duc­tion of 2.4%. These fig­ures were based on a per-pro­to­col analy­sis, which elim­i­nates pa­tients who did not ad­here to treat­ment.

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Peer Review: Weekly biopharma job report
6
by Alex Hoffman, Kathy Wong

Spark co-founder Kathy High made a qui­et re­turn to eye dis­ease drug de­vel­op­ment, be­com­ing CEO of US-Swiss biotech RhyGaze “late last year,” the Philadel­phia Busi­ness Jour­nal re­port­ed this week. RhyGaze said in a Jan. 10 re­lease that GV led an $86 mil­lion Se­ries A raise, with ARCH Ven­ture Part­ners, F-Prime Cap­i­tal, Bio­Gen­er­a­tion Ven­tures and No­var­tis Ven­ture Fund all chip­ping in. The com­pa­ny al­so put to­geth­er an $11 mil­lion seed round last sum­mer.

The CEO will try to repli­cate the same suc­cess she had at Spark with Lux­tur­na, the first-ever gene ther­a­py to be ap­proved by the FDA. RhyGaze is de­vel­op­ing its own gene ther­a­py for reti­nal dis­eases that cause blind­ness. High left Spark in ear­ly 2020 af­ter it was ac­quired by Roche, and she then spent two years with AskBio as pres­i­dent of ther­a­peu­tics.

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