August 10, 2015
By
Mark Terry
, BioSpace.com Breaking News Staff
UK-based
AstraZeneca PLC
has been busy,
announcing
its third deal in the last week today, this time a licensing agreement and collaboration deal between
MedImmune
,
AstraZeneca
’s research and development arm, with Plymouth Meeting, Penn.-based
Inovio Pharmaceuticals
.
Under this new deal,
MedImmune
acquired exclusive rights to Inovio’s
INO-3112
immunotherapy against cancers caused by human papillomavirus (HPV) types 16 and 18. The therapeutics is in Phase I/II clinical trials for cervical and head and neck cancers. HPV 16/18 account for more than 70 percent of cervical pre-cancers and cancers.
MedImmune
will pay Inovio $27.5 million, as well as possible milestone payments up to $700 million.
MedImmune
will fund development costs and
Inovia
could receive double-digit tiered royalties if the drug makes it to market.
In addition, the companies intend to develop up to two more DNA-based cancer vaccine products.
“Today’s collaboration with Inovio leverages our deep internal expertise in the use of vaccines to drive antigen-specific T-cell responses,” said
David Berman
, senior vice president and head of
Oncology Innovative Medicines at MedImmune
, in a statement. “The unique combination of our broad immuno-oncology portfolio with
Inovio
’s T-cell-activating INO-3112, which enhances cancer specific killer T-cells, has the potential to deliver real clinical benefits for patients.”
On Aug. 6, 2015,
AstraZeneca
announced
a licensing deal with
Heptares Therapeutics
, a wholly-owned subsidiary of
Sosei Group Corporation
, for the worldwide rights to
HTL-1071
for various cancer treatments.
AstraZeneca
will pay
Heptares
$10 million up front and various milestones. Royalties could exceed $500 million if a product is commercialized.
On July 27, 2015,
AstraZeneca
announced
it had signed a definitive agreement with
Genzyme Corporation
, a
Sanofi
company, to sell cancer drug
Caprelsa
(vandetanib) for the treatment of symptomatic medullar thyroid carcinoma.
Genzyme
will pay $165 million for global rights to sell and develop the drug, with potential milestones payments that could add another $135 million for a total of $300 million.
Earlier in July,
AstraZeneca
announced it had divested its gastrointestinal drug,
Entocort
, for $215 million. Sales rights outside the U.S. sold to
Tillotts Pharma
, part of the
Zerla Group
.
The company indicates that all the deals are designed to refocus on selected therapeutic areas, specifically cancer, respiratory diseases and diabetes.
In
AstraZeneca
’s
2015 half-year financial report
the
company indicated
it was
terminating three projects
between April 1 and June 30. They were a program for
selumetinib
for uveal melanoma,
tenapanor
for ESRD-pi/CKD with T2DM and
Nexium
for refractory reflux esophagitis.
Today’s deal announcement expands
Inovio
and
MedImmune
’s existing partnership in infectious diseases. The two companies have two projects funded by the
Defense Advanced Research Projects Agency (DARPA)
that focus on Ebola, influenza and bacterial infections.
“Our licensing partnership with
MedImmune
represents an important step in executing our immuno-oncology combination strategy and advancing Inovio’s cancer vaccine research and development pipeline with a leading cancer immunotherapy company,” said
Joseph Kim
, president and chief executive officer of
Inovio
in a statement. “INO-3112 is progressing, with positive interim data generated in an
Inovio
-initiated Phase I study. We appreciate
MedImmune
’s recognition of our ability to activate best-in-class killer T-cells in vivo and look forward to working with them on this collaboration.”