Biotech / Medical | Elan Corporation, plc (ELN)


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To: tom pope who wrote (9580)2/7/2008 3:27:42 PM
From: DewDiligence_on_SI   of 10345
 
The Tysabri melanoma story actually broke (in private) five months ago:

investorshub.advfn.com 

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To: DewDiligence_on_SI who wrote (9581)2/7/2008 3:37:23 PM
From: tom pope   of 10345
 
Thanks

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From: tom pope2/8/2008 10:30:58 AM
   of 10345
 
WSJ:

NEW YORK (Dow Jones)--The New England Journal of Medicine published a letter from three physicians reporting on two cases of melanoma arising in women with multiple sclerosis on Biogen Idec Inc. (BIIB) and Elan Corp. PLC's (ELN) MS drug Tysabri.

The letter says the cases suggest that the drug may lead to development and progression of the skin cancer in high-risk patients. As of December, more than 21,000 patients are on the drug.

In a conference call Wednesday, Biogen said it has not had any discussions with the Food and Drug Administration about melanoma risk in Tysabri.

The Cambridge, Mass., biotech company said the occurrence of malignancies in clinical trials was similar between patients on Tysabri and on a placebo, and there was one melanoma case in a trial with a patient that had a lesion present at first dose.

"I think it is something that we will certainly monitor," said Cecil Pickett, president of research and development at Biogen on Wednesday. He noted that the drug already has a risk management plan in place and the company will update the label as appropriate.

The doctors' letter states that there were "close temporal relationships" between the administration of Tysabri and dramatic changes in longstanding birthmarks or moles.

"Sometimes we don't understand the side effects of drugs until a lot of patients receive them," said John Mullen, a cancer surgeon with Beth Israel Deaconess Medical Center who signed the letter, in an interview.

He stressed that the relationship doesn't warrant extreme action from regulators, but that high-risk patients for melanoma should possibly use another therapy or be closely monitored for such developments.

"It is probably not going to be a common problem," he said.

Mullen has no related conflicts, though one of the doctors that signed the letter reported lecture fees from EMD Serono and consulting fees and grant support from Biogen; another reported consulting fees from Schering-Plough Corp. (SGP) and grant support from SAIC-Frederick, a unit of SAIC Inc. (SAI).

Tysabri has been on the market for 18 months, after it was pulled in early 2005, following a short initial launch, because of concerns it may cause some users to develop progressive multifocal leukoencephalopathy, or PML, a rare but deadly brain disease. The FDA allowed the drug back on the market with strict prescribing restrictions citing its effectiveness in MS.

Elan referred comments regarding Tysabri for MS to Biogen. Officials from the FDA weren't immediately available for comment.

-By Thomas Gryta, Dow Jones Newswires; 201-938-2053; thomas.gryta@dowjones.com

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To: tom pope who wrote (9583)2/9/2008 11:40:54 PM
From: Harold Engstrom6 Recommendations   of 10345
 
With the clinical trials showing more melanoma in the placebo groups than drug groups over years, and anecdotal reports showing moles actually disappearing from Tysabri patients...

There was an abstract in an EU journal showing that patients with NABs to beta interferon develop melanoma. Tysabri patients are primarily recent beta interferon patients who failed therapy.

IMO 2 patients that present so soon after starting Tysabri point to zero causative connection.

This letter was amazing for its lack of balance (1 out of 36-40 women contract melanoma during their lifetime.) It should not have been published by NEJM. It sure has the feel of counter-marketing.

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To: Harold Engstrom who wrote (9584)2/10/2008 8:19:03 AM
From: tom pope   of 10345
 
It sure has the feel of counter-marketing.


Actually, it's part of the marketing campaign for Avonex.

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To: tom pope who wrote (9585)2/10/2008 10:11:59 AM
From: Harold Engstrom3 Recommendations   of 10345
 
Maybe Tom. I think that it would be unwise for any beta interferon manufacturer to start digging for dirt on Tysabri. For starters, a patient new to Tysabri could have this at the root of any melanoma issue: pt.wkhealth.com 

And generally, the death rate among beta interferon users from arrhythmia and myocardial infarction far exceeds even the theoretical death rate in Tysabri from PML. Melanoma is a non-event.

With what must be close to 24,000 patient on Tysabri right now, there has not been a single death from PML or any cardiovascular or cancer ascribed to Tysabri. However, if you look through the AER database there have been myriad deaths associated with the ABCR drugs since Tysabri relaunch.

Embarrassingly, EU uptake is on the way to exceeding US uptake as Europeans seem to recognize that there is only one effective MS drug on the market at present, and many US doctors seem paralyzed with irrational and unfounded fear. Crazy.

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From: DewDiligence_on_SI2/11/2008 5:34:13 AM
   of 10345
 
From Monday’s NYT (scan to bottom):

nytimes.com 

>>
Scientists Find New Receptor for HIV

February 11, 2008
By LAWRENCE K. ALTMAN

SAN FRANCISCO — Government scientists have discovered a new way that H.I.V. attacks human cells, an advance that could provide fresh avenues for the development of additional therapies to stop AIDS, they reported on Sunday.

The discovery is the identification of a new human receptor for H.I.V. The receptor helps guide the virus to the gut after it gains entry to the body, where it begins its relentless attack on the immune system.

The findings were reported online Sunday in the journal Nature Immunology by a team headed by Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious Diseases.

For years, scientists have known that H.I.V. rapidly invades the lymph nodes and lymph tissues that are abundant throughout the gut, or intestines. The gut becomes the prime site for replication of H.I.V., and the virus then goes on to deplete the lymph tissue of the key CD4 H.I.V.-fighting immune cells.

That situation occurs in all H.I.V.-infected individuals, whether they acquired the virus through sexual intercourse, blood transfusions, blood contamination of needles and syringes, or in passage through the birth canal or drinking breast milk.

The findings appear to provide some, if not the main, answers to how and why that situation occurs.

Dr. Warner C. Greene, an AIDS expert and the director of the Gladstone Institute of Virology and Immunology here who was not involved in the research, said the findings were “an important advance in the field.”

“They begin to shed light on the mysterious process on why the virus preferentially grows in the gut,” Dr. Greene said in an interview.

Dr. Fauci, James Arthos, Claudia Cicala, Elena Martinelli and their colleagues showed that a molecule, integrin alpha-4 beta-7, which naturally directs immune cells to the gut, is also a receptor for H.I.V. A protein on the virus’s envelope, or outer shell, sticks to a molecule in the receptor that is linked specifically to the way CD4 cells home in on the gut, the researchers said.

Binding of the virus to the integrin alpha-4 beta 7 molecule stimulates activation of another molecule, LFA-1, which plays a crucial role in the spread of the virus from one cell to another. The actions ultimately lead to destruction of lymph tissue, particularly in the gut.

Several other receptor sites for H.I.V. are known. The most important is the CD4 molecule on certain immune cells; the molecule’s role as an H.I.V. receptor was identified in 1984.

Two other important receptors, known as CCR5 and CXCR4, were identified in 1996.
CCR5 is a normal component of human cells and acts as a doorway for the entry of H.I.V. People who lack it because of a genetic mutation rarely become infected even if they have been exposed to H.I.V. repeatedly.

“The work we did took nearly two years, and there’s little doubt that what we have found is a new receptor,” Dr. Fauci said in an interview after giving a lecture here, adding that “we certainly have to learn a lot more about it.”

Scientists have sought to identify receptors because they offer targets for the development of new classes of drugs.

For example, last year the Food and Drug Administration approved for AIDS treatment a Pfizer drug, Selzentry or maraviroc, which works by blocking CCR5.

Dr. Fauci said he hoped his team’s findings would encourage other scientists from different disciplines to explore new ways to attack H.I.V.

A number of experimental drugs that block the integrin alpha-4 beta-7 receptor are being tested for the treatment of autoimmune disorders. Dr. Fauci said such drugs should also be studied for their potential benefit in AIDS treatment.

Organization of new trials in the next year or so could test such drugs in animals and humans to determine their safety and effectiveness against H.I.V., Dr. Fauci said.

One candidate is a drug, Tysabri or natalizumab, that is marketed for treatment of multiple sclerosis, Dr. Fauci said. Biogen/Elan makes Tysabri.

If trials for H.I.V. are successful, Dr. Fauci said, the drugs could be added to existing treatment regimens.
<<

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From: fred hayes2/13/2008 8:57:33 AM
   of 10345
 
4th qtr results note from ncb
------------------------------------
. Q4 2007 results this morning were behind our expectations. At the revenue level
product sales of $206.7m were 9% ahead of our $189.6m forecast, however this was
offset by cost of sales and services of $97.2m (our forecast $89.0m) and higher than
anticipated R&D costs of $82.0m. The EPS loss (adjusted) of $0.17 was 27% higher
than our $0.13 loss expectation. For the year, Elan reported revenues of $759.4m (of
which $728.6m related to product sales) and reported operating costs of $602.2m.
Guidance for 2008 is for total revenues to grow by over 30% y-o-y and “approach, if not
exceed, $1bn driven by a continued strong performance from Tysabri” and to
breakeven on an adjusted EBITDA in the second half of 2008.

. The outperformance of product revenues of $206.7m, a 28% increase y-o-y were
underpinned by stronger than expected Tysabri revenues. Product gross margins of
53% were in-line with our expectation. Operating costs increased 11% year-on-year
(and were 16% higher than our forecast) primarily on higher R&D leaving the operating
loss (pre-charges) of $40.7m compared to our $33.9m loss expectation. A net gain of
$3.2m on restructuring and a tax charge of $3.7m, resulted in a net loss of $83.5m.
Negative adjusted EBITDA for the group was 3.0m, which resulted in Elan reporting
negative adjusted EBITDA for the full year of $30.4m.

. This quarter revenues of Maxipime declined 66% due to the impact of generic
competition but Azactam increased 10% y-o-y. The performance of Prialt was modest
again this quarter with revenues of $4.1m. Notably, contract manufacturing was strong
this quarter with revenues increasing 8% y-o-y to $72.8m, 6% ahead of expectations.
Contract manufacturing revenues continue to be primarily underpinned by Tricor
($20.3m), Skelaxin ($11.2m) and Verelan ($8.0m).

. Elan expects total revenues to grow by over 30% and “approach, if not exceed, $1bn
driven by a continued strong performance from Tysabri” with operating expenses
anticipated to be in the range of $625m-$675m. The company expects a reduction y-o-y
in SG&A expenses as it continues its sales force rationalisation program. R&D is
expected to account for over 50% of the operating costs in 2008 due primarily to costs
associated with an increased number of late stage clinical trials in its Alzheimer's
product (AAB-001). Adjusted DEBITDA for Elan is targeted to be less than - $50m
for the full-year 2008, and to get to breakeven in the second half of 2008.

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To: fred hayes who wrote (9588)2/13/2008 5:08:08 PM
From: steve kammerer   of 10345
 
Anyone have any inf on New England Journal of Medicine article that Retuxxin works on MS without any of the "dangers" of Tysabri?

2 shots of Retuxxan produced major results 6 months later?

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To: steve kammerer who wrote (9589)2/13/2008 5:15:44 PM
From: DewDiligence_on_SI   of 10345
 
investorshub.advfn.com 

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