Wednesday, March 10, 2021

Apli-TSX Appili Therapeutics, an anti-infective biotech headquartered in Nova Scotia, Canada,


 

Appili's CRO Selection Reects Realities of Clinical Studies in a Pandemic From The Editor | February 25, 2021 By Ed Miseta, Chief Editor, Clinical Leader Follow Me On Twitter @EdClinical In 2020, Appili Therapeutics, an anti-infective biotech headquartered in Nova Scotia, Canada, needed to conduct a clinical trial for favipiravir (Avigan), an antiviral the company was evaluating in multiple Phase 3 trials as a potential treatment for COVID-19. Appili has five programs in its pipeline, and Avigan is the first to make it to a Phase 3 trial. 

The CRO selection process was tightly linked to the fact that the company would be conducting the study on COVID-infected patients during a global pandemic. Before starting that selection process, the company had to understand its core requirements, as those requirements are different during a pandemic than they are under typical conditions. “In a normal situation, you have sufficient time to conduct your processes,” says Dr. Yoav Golan, chief medical officer for Appili. “When you’re operating during a pandemic, you may not be able to complete a trial, or may not be able to do so in a timely manner. 

For some therapeutics, you also understand the epidemiology of the disease, which likely has not changed in quite some time. When dealing with a new virus, you do not have that advantage.” One of Appili’s core requirements was a nimble recruitment process. The Phase 3 trial would take place in multiple countries, and the pandemic made recruitment a concern. Golan notes that a study can be run in one country, but then be forced to relocate as a result of the virus spread. If the number of cases in a country were suddenly declining, that could make patient recruitment very difficult. Appili’s CRO vetting process focused on the ability to operate internationally. “In some countries the pandemic was coming in waves, but in other countries, the cases might suddenly be declining,” he states.

 “You could spend months preparing for a study, only to have enrollment stall because of a sudden decline in the number of cases. We knew that 3/10/2021 Appili’s CRO Selection Reflects Realities of Clinical Studies in a Pandemic https://www.clinicalleader.com/doc/appili-s-cro-selection-reflects-realities-of-clinical-studies-in-a-pandemic-0001 2/5 Dr. Yoav Golan, chief medical officer, Appili Therapeutics could end up being a major hurdle, and one that could disrupt a trial.” He stipulated that the CRO would need to be able to operate fluidly in response to global public health trends. A Conclusive Study Golan notes the company also wanted the study to be conclusive. 

Running a study during a pandemic could produce results that are inconclusive, especially if the study is small by design. To complete the study, he felt flexibility to enable a large-scale study would have to be built into it. “We might design a study to enroll patients in countries A, B, and C,” he says. 

“However, by mid-study you may find the pandemic is moving into other countries. If your CRO does not have a presence in those countries, you will be locked into A, B, and C and have to wait for the next wave to hit. That might make it impossible for you to complete the study, or to do so in a timely manner.” To recruit the necessary number of subjects for the scale Appili had in mind for its pivotal study, flexibility and global access were paramount. According to Golan, some of the challenges the company faced were more technical in nature. 

For example, understanding the amount of time it would take for regulators to approve the IND so the study could get underway. In some cases, it could take weeks, in other cases it might be months. If the review was going to take too long, you might consider avoiding that country altogether, even if it looked good in all other respects. Ultimately, the quicker the study is run, the faster a potential therapy can get to patients worldwide.

“Once we knew our core requirements and understood the challenges we faced, we were able to begin the search for a CRO,” adds Golan. “The information we gathered would allow us to use metrics that were relevant to our study to measure the abilities of the CROs we interviewed. At the end of the day, the ability to run the study determined our choice of the CRO.” 

For Appili, the first requirement that CRO partners had to meet was experience working with COVID. Potential partners had to be currently working on a COVID study or have completed one. That history would show not only familiarity with the virus, but the ability of the CRO to operate in pandemic situations. More importantly, it would demonstrate that the CRO had acquired some experience and understanding of the pitfalls that could arise in a COVID study and have the foresight to avoid them. 

It would also show that the CRO had relationships with the sites with which Appili would need to work. 3/10/2021 Appili’s CRO Selection Reflects Realities of Clinical Studies in a Pandemic https://www.clinicalleader.com/doc/appili-s-cro-selection-reflects-realities-of-clinical-studies-in-a-pandemic-0001 3/5 “We also wanted a CRO that had experience running studies in outpatient centers in communities,” says Golan. “We knew we would be working with community outpatient centers, which is more difficult than working with hospitals. Community centers have fewer resources. Those sites also work with COVID-infected patients with mild to severe symptoms who are in quarantine. We did not want to violate those quarantine requirements. A CRO that has worked with COVID and those organizations in the past would possess the experience needed to manage the study as well as the ability to identify sites and investigators.

 The expectations for an outpatient study are not the same as for an inpatient study and we wanted a CRO who was familiar with the differences.” A CRO Competition Appili is a small company with about 20 employees, but it still wanted its CRO selection process to be competitive. The COVID study the company was preparing to launch was large and carried a substantial budget. For that reason, it was not difficult to find CROs who were interested in the project. Because the trial would take place across borders, Appili opted to approach CROs that fell into the large and mid-sized categories. Golan felt mid-sized CROs tended to be more flexible and fast moving and had more of a hands-on approach when dealing with smaller clients. 

At the same time, he felt large CROs had a wider global presence and would be better suited to run a trial conducted in multiple countries. They would also have greater access to the resources required to run a global trial., The Larger CROs also tend to be more expensive. After reviewing the companies that could potentially be a good fit for the trial, Appili narrowed the list to three potential CROs. Two were large (top 10) CROs and one was a medium-sized firm. “We had all three service providers come in and share their experience with COVID, running a successful COVID trial, and running a community-based study,” he says. “We also wanted to know that they wanted to perform the trial and that they had sufficient resources to devote to it. 

The CROs brought a team of people to these meetings, which lasted about two hours, and worked to convince us they were prepared to meet our core requirements.” Golan notes the medium-sized company had partnerships in several countries where Appili intended to conduct the trial, including the U.S.

The medium-sized CRO also seemed to be the best prepared, the most responsive, and the hungriest of the three CROs. “In talking to them we felt they were ready for our study,” states Golan. “They did far more than required to communicate their readiness to us.” A Surprising Choice 3/10/2021 Appili’s CRO Selection Reflects Realities of Clinical Studies in a Pandemic https://www.clinicalleader.com/doc/appili-s-cro-selection-reflects-realities-of-clinical-studies-in-a-pandemic-0001 4/5 Login Name Email Website (optional) Comment as a Guest, or login: There are no comments posted yet. Be the first one! Comments Post a new comment Enter text right here! 

By now you’re thinking Appili must have opted to partner with the medium-sized firm. If you thought that, you would be wrong. In the end, and after carefully weighing many considerations, Appili decided to partner with a CRO with the best ability to meet its research design criteria. 

“We knew the situation we were in and had to use the realities of that situation in our decision-making process,” says Golan. “We selected the large, multinational CRO and the main reason was their global presence. This trial could require us to go to countries that are seeing rising numbers of COVID cases. We needed the ability to quickly make that move. If our CRO did not have a presence in a country, that would require them to create partnerships, which takes time. Although we felt the medium-sized firm was comparable to the large CROs in every other way, that global presence alone was the driving factor in our decision. To keep patients properly quarantined, remote monitoring was necessary. 

The trial used a telehealth platform that included patient diaries and a pulse oximeter that allowed patients to measure their oxygen saturation during the telehealth interview. The devices were essentially out-of-the-box products provided by technology vendors selected by Appili after search of available products. Finally, Appili’s size contributed to its success in establishing trial operations during a pandemic. 

“There are a few traits that I believe are necessary,” adds Golan. “You must have the ability to move fast and make decisions quickly. Your company needs to be flexible and cannot be too bureaucratic. The right people, not just more people, need to be involved in making decisions. 

I believe it is easier to have those traits in a smaller company like Appili than a large corporation.”

https://www.clinicalleader.com/doc/appili-s-cro-selection-reflects-realities-of-clinical-studies-in-a-pandemic-0001

Friday, March 5, 2021

Score Media gains after report of DraftKings interest

 

Score Media gains after report of DraftKings interest

Score Media and Gaming Inc. (SCR)DKNGBy: Josh Fineman, SA News Editor

Score Media and Gaming (SCR) up 6% partly after speculation that it could be a potential target for DraftKings (NASDAQ:DKNG).

DraftKings is considering a range of potential acquisitions including a handful of companies in sports, media and online poker, The Insider reported, citing unidentified industry sources.

Other rumored targets for DrafKings include John Skipper and Dan Le Batard's Meadowlark Media venture, the X Games and a poker company Run It Once.

DraftKing didn't confirm or deny that any conversations were taking place to the Insider.

DraftKings gained 9.8% today after the company turned heads with quick guidance raise on Friday.

Recall Feb. 26, DraftKings higher after lifting revenue guidance.

Recall Feb. 25, Online sports betting firm Score Media's stock pops on first day following upsized $162M IPO.


https://seekingalpha.com/amp/news/3667758-score-media-gains-after-report-of-draftkings-interest?__twitter_impression=true

Tuesday, March 2, 2021

Organigram launches Shred jar, SNAX chocolate bars



2021-03-02 07:31 ET - News Release

Mr. Greg Engel reports

ORGANIGRAM LAUNCHES SHRED TROPIC THUNDER JAR OF J'S (JAR OF JOINTS) AND TRAILBLAZER SNAX MILK CHOCOLATE BARS

As part of its consumer-first product innovation strategy, Organigram Holdings Inc. has launched two new additions to the company's recreational cannabis product portfolio: Shred Tropic Thunder jar of joints and Trailblazer SNAX milk chocolate bars.

"At Organigram, seeking out and acting upon consumer feedback is a core element of our product development program," said Greg Engel, chief executive officer, Organigram. "The addition of these new products to our lineup of positively reviewed and most-searched brands -- one offering the decadence of world-class chocolate and the other a launch of an exceptional value product from the brand that we believe has set a new standard in the premilled category -- are a direct response to the preferences our consumers have shared with us."

Shred Tropic Thunder jar of joints

Shred, Organigram's high-quality, high-potency, premilled and preshredded dried flower product has been the most searched cannabis brand on the Ontario Cannabis Store website for three consecutive months (November and December, 2020, and January, 2021).

Now, Shred's Tropic Thunder, a combination of strains with citrus and tropical aromas featuring THC (tetrahydrocannabinol) of 18 per cent or more, is available in a jar of joints, a convenient jar of 14 0.5-gram prerolls.

In addition, the prerolls are packed with a two-way humidity system to preserve their unique flavour profile and to help ensure a fresh and flavourful packed product. Each preroll also has a flush filter, optimizing airflow for a consistently smooth joint draw.

Organigram's investment in automation is further reflected in its latest preroll machine, which supports the production of a large volume of precision-packed prerolls. Currently, the equipment is producing approximately 25 to 30 prerolls per minute with the potential for continuing improvement. This machine reduces the company's reliance on manual labour for preroll production, contributing to operating efficiencies and will better support the production of multipack prerolls, which attract higher gross margins than singles and have started to comprise a greater proportion of the company's product portfolio aligned with consumer demand.

Trailblazer SNAX milk chocolate

Trailblazer SNAX is the only chocolate bar currently in market in which cannabis is infused into a rich, creamy cacao filling in the centre of the bar. This is enabled by a book-mould design, which is a hallmark of some of the world's premier chocolate producers. The milk flavour joins two other Trailblazer SNAX flavours: mocha and mint already in market.

The 42 g Trailblazer SNAX bar features 10 milligrams of THC, 90-per-cent-pure THC distillate and 38 per cent cocoa, offering consumers a bold and creamy milk chocolate experience.

Organigram's investment in state-of-the-art equipment and manufacturing processes means that each of the five sections of the Trailblazer SNAX bar is filled separately, allowing for higher accuracy of cannabinoid infusion per piece.

Both Shred Tropic Thunder jar of joints and Trailblazer SNAX milk chocolate bars are available at select retailers.

About Organigram Holdings Inc.

Organigram is a Nasdaq Global Select- and Toronto Stock Exchange-listed company, the wholly owned subsidiary of which, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada.

Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company's global footprint. Organigram has also developed a portfolio of legal adult-use recreational cannabis brands, including The Edison Cannabis Company, Shred and Trailblazer. Organigram's facility is located in Moncton, N.B., and the company is regulated by the Cannabis Act and the cannabis regulations (Canada).

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

Monday, March 1, 2021

OrganiGram Holdings Inc. (NASDAQ: OGI)

 OrganiGram Holdings Inc. (NASDAQ: OGI) CEO Gregory Engel: “Expanding Profit Margins with Product Line Innovation and Automation”

“...We continue to see dried flower and pre-rolls as the two largest categories in the Canadian rec market. And based on US legal state data, we believe they will continue to dominate the foreseeable future even as alternative product forms gain traction.”

“We continue to leverage our indoor facility and our unique three-tiered cultivation rooms. Every Edison strain benefits from being grown in one of these data-backed strain-specific grow rooms with bespoke microclimates, designed to offer a distinct flavor and aroma profile and to ensure consistent quality. Variables such as humidity, temperature and light are customized to optimize the growth, cannabinoid and terpene profile of each strain….Opportunity to scale up new genetics require a patient and deliberate process where cultivation protocols are trialed for each cultivar and adjusted through multiple grow rooms before full roll out to multiple rooms in our facility.”

“In addition to revenue upside beyond fiscal Q2, we've identified a number of opportunities which have the potential to greatly enhance gross margins...A greater proportion of our portfolio is being dedicated to higher volume SKUs, such as multipack pre-rolls and 1g vape cartridges, which attract higher margins. We continue to invest in automation to drive cost efficiencies and reduce dependence on manual labor…”

OrganiGram (NASDAQ: OGI) Earnings Call Highlights: http://bit.ly/3cU4GEP


House Positions for C:OGI from 20210301 to 20210301

HouseBought$ValAveSold$ValAveNet$Net
79 CIBC1,335,6965,308,5363.9741,122,1604,449,4013.965213,536-859,135
1 Anonymous795,4993,163,5363.977762,8853,024,1683.96432,614-139,368
2 RBC75,633301,3733.98545,826183,3764.00229,807-117,997
85 Scotia95,736381,0243.9869,930279,3163.99425,806-101,708
80 National Bank87,335346,9053.97277,010306,6513.98210,325-40,254
57 Interactive10,30041,1803.998803224.02510,220-40,858
124 Questrade43,856173,8783.96535,726143,7744.0248,130-30,104
19 Desjardins21,00083,7563.98815,48561,8263.9935,515-21,930
33 Canaccord9,90038,6513.9044,90019,2773.9345,000-19,374
56 Edward Jones1,0004,0504.0501,000-4,050
36 Latimer6,13724,2973.9595,56222,1313.979575-2,166
89 Raymond James5001,9953.990500-1,995
28 BBS284.0002-8
143 Pershing2,86011,5424.0363,35013,2183.946-4901,676
13 Instinet4601,8434.0072,80011,0043.93-2,3409,161
212 Virtu33,485132,5603.95936,257144,6113.988-2,77212,051
88 Credential31,585125,6143.97742,450171,0434.029-10,86545,429
53 Morgan Stanley71,266282,7303.96796,034381,8603.976-24,76899,130
39 Merrill Lynch79,700314,2973.944115,000456,8073.972-35,300142,510
9 BMO Nesbitt64,216252,9173.939119,831478,0353.989-55,615225,118
7 TD Sec640,2232,545,9493.977723,0142,883,2943.988-82,791337,345
72 Credit Suisse0128,089506,5313.955-128,089506,531
TOTAL3,406,38913,536,6413.9743,406,38913,536,6453.97404