Friday, July 26, 2013

U.S. drugmakers cheer 'speed lane' for breakthrough therapies

By Toni Clarke

WASHINGTON (Reuters) - A new regulatory pathway could shave years off the traditional drug approval process in the United States, according to some companies whose drugs have been given "breakthrough therapy" designation by the U.S. Food and Drug Administration.

Speaking at a briefing in Washington to raise awareness of the drug review process, Dr. Jay Siegel, head of global regulatory affairs at Johnson & Johnson, said he expects two years to be knocked off the time it would typically take the FDA to review ibrutinib, the company's experimental cancer drug.

To be granted breakthrough designation, an experimental drug must show early indication of clinical improvement over existing therapies, even if the clinical trial is small. It might apply, for example, to a new type of cancer drug that shows strong early promise.

J&J's ibrutinib, which it is developing with Pharmacyclics Inc, would be the first in a class of oral medicines that block a protein known as Bruton's tyrosine kinase. It is being developed for patients with chronic lymphocytic leukemia/small lymphocytic lymphoma and for patients with mantle cell lymphoma, both cancers of the blood.

Dr. Jeffrey Leiden, the chief executive of Vertex Pharmaceuticals Inc, who also spoke at the briefing and whose cystic fibrosis drug Kalydeco was given the designation after approval, said his company's experience working with the FDA was dramatically different from the normal drug approval process.

Under breakthrough designation, he said, "everything is on the table" for discussion in order to move the process along as quickly as possible. Communications that might typically take weeks and months, under the breakthrough pathway take minutes.

"We pick up the phone and talk in real time," Leiden said. "It makes the process immeasurably smoother."

The breakthrough pathway was spearheaded by Friends of Cancer Research, a patient advocacy organization. It received bipartisan support in Congress and was signed into law in July 2012. As of July 12, the FDA had received 67 requests for breakthrough designation. It had granted 24 and denied 18.

Dr. Janet Woodcock, director of the FDA's drugs division, said during the discussion that the breakthrough pathway was designed to accommodate new science, particularly targeted therapies that may work in people with certain genetic mutations. She noted that just because the review process is speeded up there is no guarantee of approval.

In the 1990s, she said, the agency was not seeing drugs whose promise could be detected in early clinical trials.

"We didn't see these therapies in Phase I or II where you said 'bingo,' you've got a likely winner," she said.

Still, there are challenges associated with speeding up a drug's development timeline. For one thing, other nations might not be willing to approve the products based on the FDA's more flexible clinical trial standards under the breakthrough designation.

"Our hope is that foreign regulators will catch up," Siegel said.

Moreover, he said, it is not clear that insurers will pay for drugs if the data do not show improved survival or other clear benefit they are used to seeing when drugs are approved. One task, he said is to figure out "how to bring payors on board."

The panelists did not discuss what happens once a drug reaches the market under the breakthrough designation.

Under a separate pathway known as "accelerated approval" drugs may be approved based on a so-called surrogate endpoint - a measure, such as tumor shrinkage - that might reasonably be expected to confer a clinical benefit such as improved survival.

Companies that win approval for a product under the accelerated approval process are required subsequently to prove through further clinical trials that the surrogate measure does in fact correlate with improved survival or a reduction in disease symptoms.

"A discussion on this topic is reckless if it doesn't discuss the next stage after the drug reaches the market," said Sidney Wolfe, co-founder and senior adviser to Public Citizen's Health Research Group, a watchdog organization that has frequently criticized the FDA for approving, or failing to withdraw, drugs it considers unsafe.

Woodcock said the FDA is now working to develop a mechanism to speed the development of breakthrough diagnostics that can be used in conjunction with new drugs to help identify which patients will respond to a particular therapy.

(This refile corrects paragraph 5 to shows Kalydeco was given designation after, not before, approval)

(Reporting by Toni Clarke; Editing by Ros Krasny and Lisa Shumaker)

Source: http://news.yahoo.com/drugmakers-cheer-speed-lane-breakthrough-therapies-173049177.html

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Jailed russian female punk rock member loses parole appeal

PERM, Russia (Reuters) - A member of Russian female punk group Pussy Riot lost her appeal for parole on Wednesday after nearly a year in prison for performing a protest song against President Vladimir Putin in a Moscow cathedral.

Maria Alyokhina's appeal against a previous decision to deny her early release from a two-year jail sentence was rejected by a court in the city of Perm, where she is serving her sentence, about 1,500 km (940 miles) east of Moscow.

Alyokhina, 25, and two other Pussy Riot members were convicted of hooliganism motivated by religious hatred in August for bursting into the Russian Orthodox cathedral and belting out a "punk prayer" asking the Virgin Mary to rid Russia of Putin.

Madonna, Paul McCartney and Adele were among more than 100 musicians to sign a letter calling for their release that was published by Amnesty International on Tuesday.

The rights watchdog said Wednesday's ruling was "a further confirmation that the Russian authorities are uncompromising in their suppression of freedom of expression".

The case is seen as part of a wider crackdown on protests since Putin returned to the Kremlin for a third term in 2012.

Alyokhina and Nadezhda Tolokonnikova, 23, are due for release in March. Both mothers of five-year-olds were denied pleas for a deferred sentence until their children are older.

A third member of the feminist group, Yekaterina Samutsevich, was freed last October when a judge suspended her sentence on appeal.

(Reporting by Catherine Koppel; Writing by Alissa de Carbonnel; Editing by Raissa Kasolowsky)

Source: http://news.yahoo.com/jailed-russian-female-punk-rock-member-loses-parole-150253449.html

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Tuesday, July 23, 2013

Madagascar police fire teargas at opposition protesters

ANTANANARIVO (Reuters) - Police in Madagascar fired teargas on Monday at supporters of a political party opposed to the transitional government of President Andry Rajoelina, demanding immediate elections and his departure.

The former French colony has been in crisis since 2009 when Rajoelina took power with military support, ousting former President Marc Ravalomanana and triggering turmoil that scared off investors and tourists.

The main political parties signed a road map in 2011, mediated by the Southern African Development Community, which confirmed Rajoelina as president and allowed for the unconditional return of Ravalomanana from self-imposed exile.

Rajoelina and Ravalomanana had reached a deal with regional states not to run in this year's poll. But when Ravalomanana's wife, Lalao Ravalomanana, chose to run, Rajoelina said the pact had broken down and put his name forward.

As a result, foreign donors suspended election financing and the government had to postpone the vote by a month to August 23.

The African Union said on Friday Rajoelina had failed to heed its calls to withdraw, casting doubt on whether the poll would take place.

Hundreds of supporters of the Avotr'i Madagasikara party gathered in the capital to demand the running of the vote. Police fired teargas to disperse them. They later regrouped and threatened to protest again on Tuesday.

"We want elections to take place as soon as possible. We want the transitional government, starting with Andry Rajoelina, to leave," protester Leontine Randrianantenaina said.

Rajoelina flew to Tanzania on Monday to meet President Jakaya Kikwete, who chairs a Southern African Development Community grouping on politics, security and peace, to discuss the political situation on the island.

Source: http://news.yahoo.com/madagascar-police-fire-teargas-opposition-protesters-061608431.html

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Genesis Energy Buys a Fleet

Genesis Energy (NYSE: GEL??) has added 18 vessels to its list of assets. The partnership announced that it has inked an agreement to acquire the downstream transportation business of Hornbeck Offshore Transportation (NYSE: HOS??) , which is essentially composed of those vessels. The price is roughly $230 million.

For its money, Genesis Energy will be buying nine barges and an equal number of tugboats. All are used to ship crude oil and refined products, and service refineries and storage terminals on the Gulf Coast and Eastern Seaboard, as well as on the Great Lakes and the Caribbean Sea.

At the moment, the company's inland barge operations are serviced by 50 barges and 23 push/tow boats.

The acquisition is subject to approval from the relevant regulatory bodies and is expected to close by the end of Q3. Genesis Energy said it will fund the transaction from its $1 billion revolving credit facility.

Once that occurs, said the partnership, it and Hornbeck "expect to enter into transition service agreements to facilitate a smooth transition of operations and uninterrupted services for both employees and customers."

The company said it anticipated that the new assets would be "immediately accretive" to its distributable cash flow per unit.

Source: http://feeds.fool.com/~r/usmf/foolwatch/~3/JrHYWbLaCGU/story01.htm

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White House applauds EU decision on Hezbollah

WASHINGTON (AP) ? The White House is applauding the European Union's decision to label the military wing of Hezbollah a terrorist group.

White House spokesman Jay Carney says it sends a clear message that there are consequences for the Lebanese group's terrorist activities, including a deadly attack last year in a Bulgarian resort and a plot to kill Israelis in Cyprus.

Carney says the EU decision will allow European officials to crack down on Hezbollah's fundraising, logistics and terror plots in Europe.

He says Hezbollah threatens global stability. He's specifically mentioning Hezbollah's support for Syrian President Bashar Assad.

The EU's 28 foreign ministers reached the decision unanimously on Monday. The Iranian-backed Hezbollah plays a pivotal role in Lebanese politics and has sent members to bolster Assad's forces in their assault of rebel-held areas.

Source: http://news.yahoo.com/white-house-applauds-eu-decision-hezbollah-173738875.html

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NBA: Nuggets sign ex-Bulls point guard Nick Robinson

The Denver Nuggets quickened an already speedy backcourt by bringing in Nate Robinson.

The veteran point guard agreed to a two-year deal on Monday, a person familiar with the negotiations told The Associated Press.

Robinson joins Ty Lawson to give the Nuggets a tandem that can fly up and down the floor. The addition of Robinson also creates a backlog in the backcourt, with the Nuggets already having up-and-comer Evan Fournier, veteran Andre Miller, rookie Erick Green and newly acquired Randy Foye as well.

The 5-foot-9 Robinson averaged 13 points a contest for the Chicago Bulls last season.

Around the league

Clippers ? Los Angeles signed free agent center Byron Mullens, who averaged a career-high 10.6 points and 6.4 rebounds in 53 games last season with Charlotte.

Mavericks ? Dallas hired Houston Rockets executive Gersson Rosas as general manager, filling a spot that technically had been vacant since Don Nelson left the franchise eight years ago. President of basketball operations Donnie Nelson has informally held his father?s old title.

Raptors ? Toronto signed D.J. Augustin to a one-year deal so he can back up starting point guard Kyle Lowry. The 25-year-old defensive specialist played for Indiana last season.

Heat ? Dwyane Wade?s attorney says the Miami guard has finally reached a financial settlement with ex-wife Siohvaughn Funches, ending their six-year divorce saga.

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Source: http://www.sltrib.com/sltrib/sports/56628204-77/robinson-nuggets-guard-deal.html.csp

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First MLB mascot? First NBA mascot? The blog offers some mascot fun facts to go...

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