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Astellas to Acquire Ganymed Pharmaceuticals for Up to $1.4B

Astellas Pharma plans to acquire Ganymed Pharmaceuticals for up to €1.282 billion ($1.4 billion), in a deal intended to expand the buyer’s oncology portfolio, the companies said today. Founded in 2001 as a spinoff from the Universities of Mainz and Zurich, pri

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Astellas Pharma plans to acquire Ganymed Pharmaceuticals for up to €1.282 billion ($1.4 billion), in a deal intended to expand the buyer’s oncology portfolio, the companies said today.

Founded in 2001 as a spinoff from the Universities of Mainz and Zurich, privately held Ganymed focuses on developing a new class of cancer drugs called ideal monoclonal antibodies (IMABs) for the treatment of solid cancers.

Ganymed’s pipeline is led by IMAB362, a gastroesophageal cancer candidate designed to target the tight junction protein Claudin-18.2 (CLDN18.2), which is overexpressed in up to 80% of gastrointestinal adenocarcinomas (primary and metastasized) and 60% of pancreatic tumors, in addition to other solid cancers.

Because its expression is restricted to differentiated stomach cells only and is absent from all other tested healthy tissues, IMAB362 has little or no effect on healthy cells, thus reducing the risk of toxicity, according to Ganymed.

In June at the ASCO 2016 Annual Meeting, Ganymed trumpeted positive results from the Phase IIb FAST trial that showed IMAB362 added to standard chemotherapy extended the median progression-free survival (7.9 months vs. 4.8 months) and the median overall survival (13.2 months vs. 8.4 months) in gastroesophageal cancer patients positive for Claudin18.2.

The study included 161 patients with advanced or recurrent gastric or gastroesophageal junction cancer with a specific minimal level of Claudin18.2. In a subgroup of patients with the highest levels of Claudin18.2, IMAB362 resulted in near-doubling of overall survival (16.7 months vs. 9.0 months).

Ganymed is based in Mainz, Germany, and employs approximately 80 people.

“We aim to deliver a potential new therapeutic option to cancer patients who currently have limited treatment options available to them,” Astellas President and CEO Yoshihiko Hatanaka said in a statement. “The acquisition of Ganymed will enable Astellas to further expand our oncology presence by adding a late-stage antibody asset with the potential to establish a new pillar following Xtandi™ [enzalutamide].”

Astellas has jointly developed and commercialized Xtandi with Medivation and has responsibilities for manufacturing, all additional regulatory filings globally, and commercialization outside the U.S.

Astellas agreed to pay €422 million ($461 million) for all of the equity in Ganymed and up to €860 million ($939 million) in payments to shareholders tied to achieving milestones in the development of IMAB362.

Ganymed would become a wholly owned subsidiary of Astellas following the acquisition, which is subject to customary regulatory approvals, and set to close “in the next several weeks,” the companies said.

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Related questions

01How stable is the antibody?

A crucial question often addressed during preclinical development focuses on the in vivo stability of therapeutic antibodies. Increasing the half-life of a therapeutic antibody has several benefits ranging from higher treatment efficacy to increased advantages for the patients who will have a fewer number of therapy sessions and a reduced cost. Given these compelling benefits, following the identification of therapeutic antibodies with the desired specificity, developers usually subject them to a refinement step to increase their stability. This process is often hindered by the lack of reliable experimental tools to predict the half-life of antibodies in patients. The major hurdle of using mouse models to predict antibody stability in the serum lies in the way immunoglobulin proteins are processed by the organism. In mammals, most proteins circulating in the serum undergo constant uptake by endothelial cells and are routed through the endosomes to the lysosomal compartment for degradation. In the endosomes, immunoglobulin G (IgG) proteins are recognized and bound by a transmembrane protein, called the neonatal Fc receptor (FcRn), which mediates their recycling to the plasma membrane and subsequent release back into the serum. As a result, the half-life of IgGs are significantly extended by this mechanism. Since most therapeutic antibodies belong to the IgG class, this recycling system is very relevant for their relative stability in the body. Remarkably, the relative affinity between IgGs and FcRn is extremely disparate between different species, with the mouse receptor showing a much higher affinity than its human counterpart.

Source: www.genengnews.com ↗
02Undruggable or unscreenable?

Another obstacle to discovering new PPI inhibitors is the lack of libraries designed to hunt for them, points out Philippe Roche, PhD, senior scientist at the Integrative Structural and Chemical Biology team at the Cancer Research Center of Marseilles, France. “If you screen PPIs using libraries that were designed for kinases or GPCRs, that’s why you don’t get a lot of good results,” he says. To that end, his group began assembling a library focused on orthosteric inhibitors of PPIs. The result was 2P2Idb, a hand-curated, structural database cataloguing orthosteric inhibitors of PPIs for which the interface had been 3D characterized. From analyzing these known PPI inhibitors, and what structures they had in common, Roche and his colleagues developed a model to predict whether compounds would likely inhibit PPIs. Using this method, 2P2Idb creates an enriched screening library that dramatically increases the hit rate compared to standard libraries. Having proven their success with a small library of 1600 compounds, they are in the process of expanding the library to 10,000 compounds. Once that’s published, “the idea is to make this library available to labs around the world,” Roche says. “We will provide the library free of charge for people to be able to screen PPI targets.”

Source: www.genengnews.com ↗
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Peptide Therapy Guide Editorial Team

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