Good morning, ladies and gentlemen, and welcome to the BioCryst First Quarter 2020 Earnings Call. At this time, all participant lines are in a listen only mode. Later we will conduct a question and answer session and instructions will follow at that time. As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Mr.
John Bloop at BioCryst.
Thanks Whitney. Good morning, and welcome to BioCryst's first quarter 2020 corporate and financial results conference call. Today's press release and slides are available on our website. Participating with me today are CEO, John Stothouse, CFO, Anthony Doyle Chief Medical Officer, Doctor. Bill Sheridan, Chief Business Officer, Megan Skysinski and Chief Commercial Officer, Charlie Guyer.
Following our remarks, we will answer your questions. Before we begin, please note that today's conference call will contain forward looking statements, including those statements regarding future results on audited forward looking financial information as well as the company's future performance and or achievements. These statements are subject to known and unknown risks and uncertainties, which may cause our actual results performance or achievements to be materially different from any future results or performance expressed or implied in this presentation. You should not place undue reliance on these forward looking statements. For additional information including a detailed discussion of our risk factors, please refer to the company's documents filed with the Securities And Exchange Commission, which can be accessed on our website.
Now like to turn the call over to John Stonehouse.
Thank you, John, and thank you all for joining us this morning. I hope you're all safe and doing well. We are in an extraordinary position at BioCryst. The company is set to receive 3 approvals within the next 12 months for Bear Charleston. We expect our first global approval in Japan in the second half of the year.
We have a December 3rd PDUFA date from the FDA And in Europe, our MAA was validated in March and we expect approval about that time next year. Right alongside these approvals, we have a pipeline in with our oral Factor D inhibitor, BCX9930 for complement mediated diseases, including PNH. We will share exciting data for 9930 in PNH patients with you for the first time today. Let's start with HAE and the value we expect to create with Baird Charleston. Patients are experiencing significant benefit in our clinical trials.
Both physicians and HAA patients are consistently stating strong demand for our oral medicine in our market research. Based on the clinical response and the customer demand, we expect Barrettrolstad will generate peak sales of north of $500,000,000. And we announced yesterday that we have a new composition of matter patent that will extend our patent protection by 4 years to 2039. Add to that market potential for 9930 and an established market of more than $4,000,000,000 for treatment of complement mediated diseases, and we see a significant opportunity for even greater value creation. We have built the company focused on discovering, developing and commercializing oral drugs for rare diseases.
We continue to advance our oral rare disease pipeline, which also includes BCX9250 for FOP and additional discovery programs for other rare diseases. Beyond that, we've always believed our legacy antiviral programs played an important role in public health. Galidesavir is a broad spectrum antiviral in a NaIAD funded trial in COVID-nineteen patients. The experience and relationships we have developed across the US government over the past decade to support our antiviral programs continue to add value. We have contracts totaling $82,000,000 of government funding for Galidesivir, and we've been able to move quickly with Galidesivir into COVID-nineteen patients.
Patient dosing has begun in our clinical trial in Brazil, and we look forward to generating data to determine if Galidesphere could help. In this global health emergency. The disruption of the coronavirus pandemic has impacted every company while the situation is fluid for the most part, BioCryst continues to maintain its progress and timelines. We're fortunate that the clinical trials and data support our regulatory submissions for Barrett Charleston were already completed at the time of the pandemic. As a result, our regulatory reviews are well underway and our approval timelines and launch preparation activities global commercial and medical affairs teams and drug supply to support our upcoming launches, and they'll provide an update.
Then Bill will review our new data with 9930. Anthony will provide a financial review and I will wrap up by sharing our
We've been busy since the start of 2020. Our U. S. Marketing and market access teams are complete and in action and our regional sales leaders preparing to hire representatives for individual sales territories in the third quarter. We've also added an experienced and efficient commercial team to execute our launch in key year markets.
Our launch preparations are moving forward smoothly because of the work we completed last year, plus the focused efforts of our growing team. COVID-nineteen has not slowed us down. Megan will describe our readiness in more detail, but first I'd like to review our market research and clinical data. HAE attacks can be unpredictable and devastating, which explains why most patients in the United States have moved to prophylax several new injectable products have launched in recent years, so patients and their physicians have experience switching to find the treatment that is best for them. What many patients want now is to switch to oral prophylaxis to control their disease and reduce the burden of treatment.
A big part of our strategy is to focus on that switch. Our market research and clinical data give us confidence in this strategy. We surveyed 100 patients and 175 HAE treating physicians and presented a profile based on top line data from APeX-two. 59% of patients said they were very willing to use barotrolstat growing to 71% with a physician recommendation. Notably 79 of these 100 patients were already using TAKSIRO, HIGARTA or SINRISE and most of them were also very willing to use Veritrolstat.
Even among those very satisfied with their current injectable, half are very willing to use our oral drug. So why is that? One reason maybe that even with current injectables, most patients experience breakthrough attacks. Patients on TAKHZYRO for example reported they still average about half an attack per month. The broader reason is patients want to reduce treatment burdens such as storage, preparation, and injection.
Physicians understand the benefits of oral prophylaxis and expect to treat 41% of current patients with our oral drug in the future. Our clinical data also show that many patients on injectable prophylaxis are likely to switch. As you can see on slide 13, 44 percent of patients who enrolled in APeX-two previously used C1 inhibitor prophylax Since Apex S opened in the US last year, about 50% of newly enrolled patients were previously treating with TAKSairo, Hey Garda or Sunrise. These numbers align with physician expectations recorded in our research. Of the 41% share they anticipate for baritrolstat half come from switches from current prophylaxis.
Most patients in our trials are staying on barotrol step because they really experience a benefit. Patients on 150 milligrams for a year in APeX-two had a baseline average of 3 attacks per month, but averaged just one attack per month on treatment. Those switching from placebo to 150 milligrams after 24 weeks average only about half an attack per month. Patients taking 150 milligrams in APAC S have similar long term results and in out of the 12 months, half or more are attack free. The experience from both these trials shows the drug is safe and generally well tolerated.
The main adverse events are gastrointestinal symptoms, but most of these are mild, self limited and resolve within the 1st 2 months of treatment. We recently interviewed 20 US patients in the United States who have been enrolled in APeX-two for over a year. The quotes on slide 14 represent in their own words how baratrolstat is helping them. You can see what a dramatic impact oral once daily baratrolstat is having on their lives and we are excited to be so close to bringing our drug to HAE patients. Now I'll turn it over to Megan to describe other important areas of our global launch readiness.
Thanks, Charlie, and good morning. We're excited to be preparing for the launch of Veritrol Stat. As John shared earlier, we have regulatory reviews ongoing by the 3 major agencies with approval timelines on track as planned. Building on what Charlie highlighted, I'd like to touch on a few additional aspects of our launch readiness. 1st, turning to our KOL engagement, which is a fundamental part of our pre launch activities Across the U.
S. And the EU, we continue to interact with the HAE medical community. These are important opportunities Recently, as you may have seen, the AAAAI annual meeting, 1 of the major annual congresses for the HAE physician community, was canceled in March due to COVID. The Congress shifted to hosting a virtual poster hall, and in response, Our Medical Affairs team conducted a series of virtual sessions, which were a great opportunity to present and share the data from our accepted posters with the scientific community. In Europe, we also continue to interact with KOLs across the region as well as various patient organizations.
Overall, HAE clinicians continue to be accessible via virtual calls in light of COVID, and we're really pleased by the continued strong interest in learning more From this work, we continue to see how Veritrolstat will meet what is still a significant unmet need in the area of prophylactic treatment for HAE patients. Next, moving to our supply readiness. Having seen supply shortages for other treatments in the past, Briochrist committed early on to ensuring that would not happen for Barrett Tolstad. We have dual source redundant see across the supply chain with 2 manufacturing sites for each stage. We are working with well established CMO partners and are well positioned product manufactured for final packaging.
And at this time, I'm happy to share that we don't foresee any COVID impact to supply for our commercial launch. Lastly, as Charlie mentioned, we've been fortunate to continue our APeX-two and APeX S clinical studies despite the current pandemic. Site monitoring transition from on-site visits to virtual consultations. And while many companies have stopped clinical trial operations, Apex S screening continues and we even enrolled several patients in the U S last month alone. We think this continues to speak to the unmet need and demand successful launches in the U.
S, the EU, and through our partner Tory in Japan. With the potential to receive our first global approval in Japan, Tori launch preparations are actively underway, including building disease awareness and education. And as a reminder, with the PMDA approval, we stand to receive a $20,000,000 milestone payment contingent upon clearing a minimum price threshold. Following our MHLW pricing discussions. It's clearly a transformative year for BioCryst as we to what's ahead of us in the next 12 months with our launches.
In addition, we're also focused on advancing our 9930 program, and Bill will walk you through that now.
Bill? Thanks very much Megan. We are very excited to share early data from the lowest dose cohort of treatment naive patients in our ongoing PNH proof of concept study with our oral Factor D inhibitor, BCX9930. You will see from the 50 and 100 milligrams twice a day data that we are well on our way to a goal of achieving monotherapy. We are seeing dose related effects on control of hemolysis and clinical benefit.
And in the healthy subjects multiple ascending dose study, the effect of 9930 on alternative pathway activity was superior at 200 milligrams 400 milligrams twice a day compared to the lower doses. We've seen no safety signals. As we move next to the 20400 milligram twice a day cohort in treatment naive PNH patients, these data tell us we should see complete control of hemolysis. As a reminder, twice a day, cohort 2 will test 20400 milligrams twice a day. So where are we today?
So far, we have enrolled treatment naive PNH patients. That means they have not had C5 inhibitor drugs. 9930 is administered orally twice a day as monotherapy. 3 PNH patients have completed 14 days of dosing at 50 milligrams twice a day, followed by 14 day dosing at 100 milligrams twice a day. At the day 28 visit, all three had clinical benefit assessed by the investigators from our drug.
So all three continued on 100 milligrams twice a day in the long term extension. On Slide 21, you can see that these patients were seriously ill with PNH. 1 had previously had a cerebral vein thrombosis from the disease, the second required red cell transfusions, and the third had aplastic anemia PNH. In PNH, patients show quite variable degrees of hemolysis and anemia. Before treatment, among our 3 patients, the LDH or lactate dehydrogenase level, a sensitive marker of hemolysis range from over 800 to over 2400 units per liter, were 3.7 to 11 times the upper limit of normal, and the degree of anemia was severe with the hemoglobin of 6.00 to 8.2 grams per deciliter.
All three patients had elevated reticulocyte counts, reflecting the bone marrow working overtime to try to get the hemoglobin up. We are very encouraged by the laboratory and clinical responses that we are seeing with our lowest doses of 9930 and 50 milligrams twice a day and 100 milligram twice a day, the key biomarkers of hemolysis all improved. You can see the individual data on Slide 22. All three had clinically meaningful and dose dependent drops in LDH, the magnitude of effect is impressive given that these doses are low and not optimized. Particular side counts fell in all three patients.
Total bilirubin another marker of hemolysis in PNH was elevated in 2 patients at baseline and normalized on 9930. Previous studies of complement inhibitors have shown it takes about 8 weeks to see stabilization in hemoglobin with optimized doses. Hemoglobin is already increasing in our 4 weeks study window at our lowest doses, subject to, for example, edit the study dependent on transfusions, with a day 1 hemoglobin of 7.0. Following a 2 unit red cell transfusion on day 15, this patient has now been transfusion free for 6 weeks. And that hemoglobin has risen from 8.9 post transfusion to 11.1 at week 8 of study, while on 9930 at 100 milligrams twice a day.
The safety and tolerability profile of 9930 during the 28 day evaluation period is shown on Slide 23. Unlike our earlier Phase I experience in healthy volunteers, no patients developed a drug rash. There were no drug related serious adverse events. The most common observation was transient headache early in dosing, which is a well recognized class effect of complement inhibitor treatment in PNH. One unrelated serious adverse event occurred in the extension period disseminated varicellar infection that led to a patient death This patient whose PNH was treated with chronic corticosteroids and azathioprine was a frontline health care worker who was exposed to and subsequently contracted varicella.
Varicella is known to be especially dangerous in patients taking steroids and other drugs that suppress lymphocytes. Based on this clinical history, the investigator determined the event was unrelated to 9930. Our 4th treatment naive in patient in cohort 1 was recently enrolled in South Africa. Following completion of cohort 1, we expect to begin enrollment of C5 inhibitor Naive patients in cohort 2 testing 20400 milligrams twice a day. And despite the COVID challenges, we continue to receive strong interest from investigators and patient advocates enroll PNH patients who are poor responders to C5 inhibitors.
We expect to begin enrolling poor responding patients in the third quarter and report data from these patients by the end of the year. We are very excited about this early data at 50 and 100 milligrams twice a day in PNH patients. Also, we have completed the MAD cohorts for 20400 milligrams twice a day in healthy subjects. The pharmacodynamic profile these doses is clearly superior to the PD profile of 5100 milligrams twice a day and there were no safety signals. The steady state results for individual healthy subjects in the MAD are shown on slide 26 for both the AP hemolysis and AP Vislab assays.
Note that the assays were continued for 24 hours after the last dose. Importantly for PNH treatment, The higher doses provide more consistent coverage, especially in the period beyond 12 hours after the dose. The mean values are shown on Slide 27. At about 20400 milligrams twice a day, AP activity was blocked by more than 98% in both assays throughout the dosing interval at steady state. When you see the level of complement suppression we have at 20400 milligrams, you may ask if this could be the profile of a once a day drug, It might be, and we do plan to explore once daily dosing in the healthy subject med study as well as wrapping up the study by characterization of clinical pharmacology of 99 30 with additional cohorts testing super therapeutic doses.
So what have we learned about dose, First, there is a clear dose response at 50 and 100 milligrams twice a day in treatment naive PNH patients with clinical benefit 2nd, PD results of the 20400 milligram twice a day doses in healthy subjects was superior to the lower doses. Therefore, we plan to begin the C5 poor responder cohort at that dose level, I. E. 200 milligram, 400 milligram. Our goal is to develop BCX9930 as an oral monotherapy for PNH and other complement mediated diseases.
The PNH patient and Mad healthy subject data we share today strongly support that goal. We're excited to complete our proof of concept study and to speak with regulators about our steps in PNH and other diseases caused by dysregulation of complement. Thanks,
Bill. As you can imagine, we are very excited about these results. And getting closer to our With the $115,000,000 we reported at the end of Q1, we have sufficient capital to get us through this year and into the early part of next year. This capital funds completing our proof of concept study with 9930 and fully investing in the launch preparation for Bear Charleston. We also have a plan that gives us flexibility to bring an additional capital into the company and I'm very pleased to introduce our new CFO Anthony Doyle to describe that for you.
We conducted a comprehensive nationwide search with some exceptional candidates and Anthony stood out among them. He spent the past 6 years as the CFO of a global CRO and spent the majority of his career prior to that rising through the ranks. At GE. With that intro, I'll now turn the call over to Anthony.
Thanks, John. It certainly is an exciting opportunity for me in a great time to be joining biocryst. With the upcoming commercial launch of our trial staff, a strong pipeline behind it including an oral Factor D inhibitor and opportunities to help in the coronavirus pandemic with Galidesivir, the company has tremendous runway for success in the near future. You can find the financial results from the first quarter detailed in our press release, but I did want to highlight where we are with the balance sheet and our approach to capital in the upcoming months. As John noted, on the cash side, we ended Q1 with $115,000,000 based on the outlook that we've provided this gives us runway through 2020 and into early 2021.
We have several additional potential capital sources to provide financial flexibility as Also our data from BCX9930 provides options to add capital such as a partnership to advance that program. And additionally, we're evaluating royalty and or debt financing for bear trial status that would bring in capital at approval to fund the launch. Stepping into this role, I'm very much looking forward to generating revenue starting early next year with a product that we believe will have peak sales now extended through 2013 with our new patent of greater than $500,000,000 and a very dynamic pipeline behind it. John?
Thanks, Anthony. I also want to update you on our progress with Galidesivir, our nucleoside RNA polymerase inhibitor which we are testing as a potential treatment placebo controlled clinical trial of Galidesivir in COVID-nineteen patients in Brazil. This study is funded by Naiad. The trial has started with patients currently enrolling into Part 1, the dose ranging part of the trial. We look forward to updating you on what we see in Part 1 and how that data informs our dose selection and progress into Part 2.
The rationale for studying Galidesivir in COVID-nineteen is that it's an adenosine nucleoside analogue RNA polymerase inhibitor that's demonstrated broad spectrum antiviral activity. We've conducted in vitro tests against more than 20 RNA viruses in 9 different families, including the coronaviruses that cause MERS and SARS. In vitro testing of Galidesivir against SARS CoV-two, the virus that causes COVID-nineteen is also underway. And we're working with our government partners and collaborators to identify potential animal models that could provide additional data against experimental SARS CoV-two. At the end of the day, clinical data from a randomized placebo controlled trial will provide the best information on the benefit the drug has for COVID patients.
And we're looking forward to getting that data as quickly as possible. So let me wrap up where I started. BioCryst is in an extraordinary position. We have 3 approvals coming within the next 12 months for Barrett Charleston. The strong clinical data and market demand from HAE patients and physicians have led us to a forecast north of $500,000,000 in peak sales for this product.
In addition, we have a pipeline in a molecule with 9930 and the yearly data we shared today adds to our confidence in the success of this program across multiple complement mediated diseases. And our antiviral programs are positioned to help address a global health emergency and add additional value. I want to close by thanking our team at BioCryst and all of our investigators, patients and collaborators around the world who have made this progress possible despite the significant We wouldn't be where we are today without you. So thank you. With that, we'll turn it over to the operator for questions.
Your first question is from the line of Jessica Fye with JP Morgan.
Hey guys, good morning. Thanks for taking my questions. I had a couple on the 9930 data. First, why do you think reticulocytes appear to rebound after they initially fall on treatment. And second, sounds like there were no rash observed in the first three patients, was there even any transient rash?
And I'm curious if you have a hypothesis for why that was not seen here when the healthy volunteer data would have suggested you might?
Hi, Jessica. It's Bill. Thanks for the question. The reticulous sites are going to remain active and elevated while the subjects are unenic. So, as we see the data mature in the subsequent weeks and see the hemoglobin come up, you'd expect it to come and stay into the normal range.
And with regard to the rash, no, we didn't see any mild rash or no rash at all in the first three subjects. Why? That's an interesting question. In the Barrettrelastat program, we saw a similar phenomenon where we had a higher incidence of rash and healthy subjects compared to people getting HAE and we'll see how it evolves.
Okay, great. And can I just ask a couple on Galidesivir as well? How many sites are open in Brazil and when should we anticipate that data? And I think there's also been some reports on the web saying Galidessevier has shown activity in vitro against the current coronavirus. Press release makes it sound like you're still evaluating that.
Have you seen any early indications of activity?
Yes. So on the sites, off the top of my head, I think there's 3, but I'll have to confirm that and get back to you. I think there's 3 sites in Brazil. We're working on getting a 4th. With regard to the SARS CoV-two in vitro testing, I don't want to comment until that work is fully completed.
And it isn't. And when it is, we will report that data.
And is there any timeline for the clinical data?
That's a hard one to predict. The pandemic in Brazil is pretty widespread and pretty active right now. And so we're dosing patients. We're in part 1 But it's really, really hard to predict. The more sites that we have open in Brazil, the faster we'll be able to enroll and we're doing as much as we can to move as quickly as we Great.
Thank you.
You're welcome.
Your next question is from Gena Wai with Barclays.
Thank you for taking my questions. And just want to follow the Roche question. Wanted to confirm for this cohort data the TMH patient cohort, you do not use penicillin?
That's right. Prophylaxis against neissary infections was vaccination. And, looking at the whole body of evidence here, we're thrilled with the data that we have in the first three subjects in this study, not just the absence of rash, in a serious disease like this, even if patients did get a rash, we would treat through it the benefit here is outstanding. So, there was no penicillin at Nigeria prophylaxis with vaccination.
Okay. And for all the trials, you would not use penicillin, right, for the, all the proposed new cohorts.
She's asking in the future.
Yes, I think that we're completely relaxed about the co administration of penicillin or any other antibiotic with this drug, by the way. So that's it's not really an issue for us. We figured out that there was a drug rash in the healthy subjects, which was benign, but clinically and pathologically, and we treated through a couple of cases. And there's no protocol requirement to use penicillin at all. If people need antibiotics for whatever reason they can get them.
But we'll use the vaccine. The vaccine is the part next year.
I see. I think the reason I'm asking just wanted to see how likely the rash is due to Panasonic? And would that be any eliminate any unnecessary Uh-huh. Yeah. So I think that was the reason I'm asking.
Yeah. No, we can't say that it's the penicillin difference between the healthy volunteers in the PNH patients. The fact of the matter is we've had 3 patients with PNH and we've seen no rash. And as Bill mentioned in his comments, This is a phenomenon that we saw in HAE with Barrett Charleston as well that we saw rash at a higher incidence in the healthy volunteers and way lower incidence in HAE patients. We'll see as we go.
Okay. And then another data question. On Slide 26, just wondering, you do have one patient on the left side when you're using AP hemolysis as you have a one patient That's regarding 200 milligram to 400 milligram. You have a one patient basically had in increase of the hemolysis inhibition the rebound. There's one outlier there.
And then on the right side, when we're using WestLab assay, you have additional patients also showed up, I mean, outlined later. Just wondering if you can give a little bit more color on basically these 2 outliers, any more additional color on baseline or anything that could contribute to this rebound of a hemolysis inhibition?
Sure. Thanks for the question. I really love this chart. It shows a spectacular better consistency comparing 200 milligrams and 400 milligrams versus 50 milligrams than 100 milligrams And the reason that we've shown the data this way is because we've done the assay through 24 hours after the last dose. With a twice daily dosing regimen.
So all the way through 16 hours, there's almost complete suppression of AP activity, whether or not you're measuring it in the V slot assay or the hemolysis assay. Of course, as the drug disappears from the system, over the next period. Eventually, it'll get to levels where it's not suppressing, compliment enough. And eventually, you'll get positive results in the assay and we're starting to see that in the odd individual here and there. This is a great chart.
But it's a twice a day that I've covered up $16,000,000 with everybody is fantastic. Yes, this is a great job.
Yes. So I think the reason I'm asking just see how likely that could be a QD drug. If who are these patients actually, like what are the any differences in terms of baseline or any other colors there?
I think it's with this data, we don't know yet, but it's obviously encouraging us to study once daily dosing, which is what exactly we're going to do in the Mad and we'll have to figure out what doses might be able to achieve that.
Your next question is from Tyler Van Buren with Piper Sandler.
Exciting to see the initial 9900 and 30 PNH data. I guess I just wanted to ask you guys to make some comparisons potentially to the phase 2 then expand data for the other oral Factor D. The it's early days, of course, and small number of patients that they seem to compare favorably. Are there any noticeable differences that you guys would point out? And then the second question on the once daily dosing, what do you see in the MAD study in order to have confidence that you can use that?
In patients and incorporate into clinical program.
Okay. So, first of all, I'd say we're incredibly happy with the data we have. In the first three subjects here. The LDA reticulocytes, bilirubin, all going the right direction and really, really strong drops from pretreatment. And in a short period, the hemoglobin is starting to rise.
And I didn't mention this on the call, but The PNH clone size in the 2 subjects where it was fairly low has come up pretty dramatically even in the 1st 2 weeks on 50 milligrams twice a day. It's pending for later. But in terms of comparisons with other studies, I would direct people to look at the very earliest studies with other agents. And our data is at least as good as anybody else's, especially when you're looking at people who are severely anemic at baseline. So this is a tremendous result.
Hey, Bill, I would add on the comparisons. One of the challenges in comparisons is where do the patients start? As Bill said in his remarks, these were really sick people. And so instead of looking at the absolute number I think the percentage change is important to compare and I think we did fantastic on that front.
With regard to once a day dosing, it's the persistence of pharmacodynamic effect through 24 hours in the great majority of people you had 200 milligrams every 12 hours or 400 milligrams every 12 hours that is striking and gives us absolutely good clinical pharmacology reason to go and test once daily dosing. And we'll do that and see what we get. And then we'll be in a position to understand whether we want to include that in a PNH cohort.
Your next question is from Alisa Baker with JMP Securities.
Can you maybe just go through some sort of comparing and contrasting of Galvezaver versus Remdesivir in terms of kind of Where they're similar, where you see opportunities to differentiate? I know the molecules themselves are quite similar. Maybe you can talk about exposure and other attributes.
Yeah, let I'll start and then Bill can get into some of the specifics. This is not like a normal market where you're taking market share from one product to another. The government and we've seen this in smallpox and other areas, the government needs multiple weapons in the arsenal to combat viral outbreaks like the one we're currently experiencing. And so, we see the ability to have both remdesivir severe in strategic national stockpiles around the globe. And you've even heard from some of the government officials that more needs to be done.
Cocktails of drugs need to be done. Studies need to be done. And so, there's plenty of room for another RNA polymerase inhibitor like Galides. Yes.
In terms of comparison, both Galadisizia and remdesizia neaglizide analogue, They're both adenosine analogs structurally. Obviously, they're different. It's really good to see the emerging data on remdesivir coming out positive. That's good for the world and it's good for the field and it's good for nuclear side analogs and very, very happy that we started our study. In other respects, I think there's just not enough information to make any detailed comparisons.
Okay. In terms of talking further down the line about pre launch activities, for HAE. Can you maybe talk about kind of what your plans are? How much, heavy lifting in terms of hiring and building out the Salesforce infrastructure do you plan to do ahead of, approval?
Yes. So for the question. And as I mentioned in my comments, we're our in office team is complete at this point. Our sales leadership team, regional regional sales leaders are complete and we're getting ready for the hiring the field force. So we'll be doing that in Q3.
And Megan, you want
to hit the medical affairs piece?
Sure, John. I think from medical affairs perspective and sort of shared in my remarks, we've got a full team deployed that are actively engaging with the KOLs and similar to Charlie, you know, we've been really encouraged by the talent we've brought into our teams and their experience in the pre launch launch phase rare diseases and as well as specifically HAE. So I know he and I are just feeling really excited about where we are today and looking forward to continuing to do the important work in the coming months and ready for a launch later this year.
Yes, I can't tell you. Megan's points are really biggest points are really important one. I can't tell you the number of people that have come into the commercial organization in medical affairs and said, they came in because we have an oral drug for HAE. So that tells you
And then just kind of to FDA, are they on track with scheduled inspections and that kind of thing? I'm just thinking about due to travel restrictions. I'd just be curious about some color on how that's all tracking.
Megan, you want to take the manufacturing question?
Sure. Sure. So Lisa, so a couple of things to highlight. I think the fact that BioCryst made that early investment in the dual source redundancy throughout the chain has positioned us well. And we were able to again do a lot of work before, before COVID.
So we really feel like we've got ample supply and are in great shape with what we need for a successful launch. And everything in terms of what we need would be on track for the PDUFA date in December from a supply perspective.
And one other thing that we've started to see even with FDA we saw with the Japanese PMDA is virtual inspections are starting to take place by both agencies. So that's encouraging too.
That's interesting. How does that work?
Through technology.
Okay. Like a Zoom inspection or something?
Yes. Well, remember a lot of it's document sharing and answering questions.
Okay. Understood.
Okay.
And then, just to follow-up on Gina's question, QD looks like a real possibility. You don't really have it on slide 20 kind of outlined on when you might explore QD. Can you maybe speak to that? And then And this is my last question. For 930, as you think about other indications, what makes sense maybe as a second and a third indication to explore and when might you start working on that?
Thank you.
Sure. So the multiple ascending does healthy subject study is still open. So we plan to study QD as the rest of the year unfolds and then we'll look at the data and decide whether it justifies looking at it in the PNH study one way or another.
The other was on indications?
So, the indication landscape here is rich. So, one of the incredible things about a Factor D inhibitor that's potent and specific like this is that the number of diseases that this can treat and make a huge impact on patients' lives is fantastic. So for example, there are seats C3 glomerulone nephritis, stents, deposit disease, ah, nephropathy, IgA nephropathy, there are a bunch of things in the field of nephritis. We'll make those decisions as we meet with regulators and develop the program.
Yes. And you could very well see that we do a broad clinical development program off around multiple indications. And when we talk about the excitement of this data, it's not just PNH, with the data that we have, we're excited about all the complement
mediated diseases. There's one particular difference between P and H and all the other diseases. Is that PNH is marked by the hemolysis, right. None of the others are. And the scheduling in nephritis I can easily see is once a day with the data that we currently have.
Very exciting. Thanks a lot for answering my questions.
You're welcome.
Your next question is from Brian Abrams with RBC Capital.
Hi, hello. This is Leo on for Brian. I just had another question on the A profile of the drug. I'm just curious, so the patient that had died, were they still on the drug post-twenty days? And were they also the same patient that required a transfusion?
And can you remind us if defector deemed inhibition can also increase susceptibility to viral infections. And if it does, how that might play out in terms of impact clinical trial recruitment in the middle of a pandemic?
Sure. So there's this patient who unfortunately contracted varicella had never had a vaccination and had never had chicken pox and was a healthcare worker. So that is an unfortunate combination of circumstances. And, this person was taking corticosteroids. Our chronic corticosteroids is the number one risk factor for getting disseminated varicella.
Of course, we've done very extensive diligence around this, including extensive literature searches, looking at congenital complement deficiencies, there's not a single case of disseminated varicella with any sort of congenital complement deficiency extensive literature searches around echolizumab. There was one reported case, not of a death, but of a young boy who had a hemolytic uremic syndrome, from shiga toxin and, got varicellarone recovered, who was getting echolizumab And then in the FDA adverse event reporting system, we've extensively come through that looking at a whole variety of drugs that specifically, of course, Echolizumab And, there is one individual who was also getting corticosteroids and mycophenolate Mofotil. So all of the evidence here points towards corticosteroids. Of course, we want to play this very safe. So we're changing the protocol to sure that people are immune against chickenpox.
Yeah. And then your question about recruitment, we had a 4th patient, as Bill said in his prepared remarks, coming into the study last week. So there's still a lot of enthusiasm, Bill, the investigators are still really enthusiastic about the drug and the trial. We don't expect it to impact the recruitment at all.
So in summary, all of that diligence says that if you seriously damage lymphocytes, that's what sets up the risk here. And the complement system, inhibiting the complement system doesn't do that.
Okay, thank you.
Your next question is from the line of Serge Belanger with Needham And Company.
Search?
Whitney, we may want to go to the next one.
Oh, no, there. Go ahead.
The mute button was not my friend. A couple of questions on 9930. First, Bill, you reported, I think, on Slide 26 that you achieved over 98% sustained alternative pathway suppression at the doses of 20400 milligrams in the multiple ascending dose part of the trial in healthy volunteers. How does that compare to the lower dose of 50 in 100?
So if we look at the chart, what matters is the consistency. So if you look at the 12 hour time point, you can see that there are many individuals at 50 and a couple of individuals at 100 who have more than 5 percent residual activity of the alternative pathway in those assays. So, what we want to achieve here is 100% subjects having more than 98% suppression, which is exactly what you get at 20400 milligrams. And the slide number on that, Bill? Yes.
Slide 26. So So, it's all about the consistency of effect. So the second thing here is, as we mentioned a couple of times on the call already, the persistence of effect beyond 12 hours is especially important in PNH because you want to make sure that you have round the clock coverage.
Okay. And then on Gelli Dessevier, you talked about an $164,000,000 contract with BARDA and NIAID, where are you vis a vis the spend of that contract and Are there any ongoing efforts to expand that as the trial in Brazil gets underway here?
So we're about halfway through that total money. I think it's more largely consumed on the NYAD side than the BARDA side. And of course, we'll continue to look at other opportunities to get proposals to the government to add additional money. Either to this contract or a new contract. Yes.
Okay.
And then,
I guess, just want to verify that for Charlie. As you start thinking of negotiations for a label, what are the key aspects of the label you'll be looking for as well key aspects of the Apex data that you'll want to see on the FairTelstat label?
Yes, thanks. So thanks for the question. So obviously we've submitted a draft label and we kind of we expect to have a label that's consistent with the other products in the marketplace. And so we're and based on what we've seen so far, we're confident that that's what we'll get.
Great. Thank you. You're welcome.
Your next question is from the line of Maury Raykronor with Jefferies.
Hi, good morning, everyone, and thanks for taking my questions. I just had a quick one on 9930 for patients who it looks like that patient was getting transfusions at baseline and needed 1 well on treatment. Do you expect the patients may need fewer transfusions over time as the patient stays on 9930?
That individual had a transfusion on day 15, Maury, and at week 8, hemoglobin has now risen from post transfusion of 8.9 or something like that to 11.1. They anecdotally you know, when the patients have made clinic visits, we've had comments relayed by the principal investigators at the site. So this is the best they've ever felt. So you've got to remember that in South Africa, the C5 inhibitors are not approved. So the symptoms of the disease have been severe and they feel fantastic on the drug, which is anecdotal, but it's really great to hear.
And the fact that we're seeing this at low doses, that are not optimized yet is really, really encouraging.
Got it. Okay. And then for patient 3, it seems like the efficacy response was not as robust as the other patients Just wondering if that's related to the patient's baseline, aplastic anemia? And do you think the higher dose could overcome and get patient get this type of patient to respond better?
I think that's a really interesting question. This patient does have a combination aplastic anemia and PNH. So the ability of the bone marrow to respond is going to be more limited under those circumstances, but also at week 8 in that patient, the hemoglobin has continued to rise. And I can't predict where it's going to go ultimately, but we are amending the protocol to allow dose escalation in the extension phase, for these subjects who are going through a completing cohort 1. So we will be able to get the opportunity to see what happens when we increase the dose.
Got it. And last quick question, just regarding the new patent for the crystalline salt forms, varitrolstat. Will any of the new forms be used in the commercial setting and have you done bioequivalency testing with the new forms?
It's the API. So, it's in the commercial formulation as we speak and so it's automatic.
Got it. Okay.
Your final question question is from the line of Gena Wei with Barclays.
Thank you for taking my follow-up. I think I forgot to ask about headed question. So the 3, 3 like all three subjects had the moderate headache. We understand this likely is a drug class since we saw also 4471 had a headache. Just wondering if you can give a little bit more color regarding the onset and then you did mention a little bit less than 1 to 3 days, like if you can give a little bit more color on the headache regarding onset, how long it lasts and how it was resolved?
Sure. The onset is very quick in the 1st day or 2. The duration is a few hours to less than a couple of days. And what's really striking about this is 3 out of 3. That means that in every single individual, we're immediately starting to control hemolysis.
Because the reason these people get headache when they start complement inhibitors is because you, release nitric oxide from being scavenged and without going into all of the details, the investigators in the field have worked this out. So, it's a class effective getting on top of intravascular hemolysis with the drug. And then it disappears very quickly.
So any other drug to alleviate the headache?
So this has been reported previously with Echolizumab and ULTOMIRIS and other complement inhibitors that are investigational.
So it's a sign that the drug works?
Exactly. That work brought down to is that is in vivo evidence that the drug is working. Yes.
Yes. So I understand that part, but do you need any like, say, any like prescription drug or anything to mitigate this headache?
No, this is just a Tylenol. Okay,
okay. I am showing no further questions at this time. I will now turn the call back to Mr. Stonehouse for any closing remarks.
Thank you, Whitney. As I said at the beginning, we are transforming this company with 3 launches coming 2 of them coming this year, generating, starting to generate real revenue starting next year, The data that we have with 9930, we couldn't be more excited about and that gives proof that we have a drug that can be used in complement mediated diseases across the to play a role in the global pandemic with our antiviral. We just couldn't be in a better spot. And so we're super excited about where we sit. We're going to be working really hard to continue to move our programs forward, get ready for the launches and approvals and we will keep you posted along the way.
Ladies and gentlemen, this concludes today's conference. Thank you for participation, and you have a wonderful day. You may all disconnect.