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Showing posts with label sickle cell disease. Show all posts
Showing posts with label sickle cell disease. Show all posts

Friday, May 23, 2025

Beam Therapeutics and Prime Medicine Need to Unite

Prime Medicine disclosed this week that they were in binding arbitration with Beam Therapeutics regarding their development of prime editing for alpha-1-antitrypsin disease (ATTD).  This is one of the fall-outs from the VC-driven glut of CRISPR-related start-ups during its hype phase.  It is an opportunity to correct one mistake by uniting the two technologies under one roof for the benefit of patients and investors.

Beam gained exclusive rights for transition mutations

When Prime Medicine was set up in 2019, Beam Therapeutics (founded in 2017) gained exclusive rights to the use of prime editing for transition mutations, i.e. converting A>G, G>A, C>T, and T>C.  This way, Beam Therapeutics’ foundational base editing capabilities would be shielded from competition by a company having the same scientific founder, Dr David Liu.

2019 collaboration and license agreement

While in theory, Beam's rights appear straightforward, in practice things often become murky, especially when interests diverge.  Typical collaboration and license agreements, and this one in particular, rely on the sharing of know-how to actually enable therapeutic development.  If the parties are at war, however, this clearly is unrealistic.  

Prime editing was in its infancy in 2019 when the agreement was signed. Since then, numerous improvements to prime editing have emerged to increase the miniscule efficiency of the original invention.  Any researcher contemplating using prime editing knows what I’m talking about as he will get dizzy from the dozens of possible iterations to choose from.  Moreover, to get to the >50% in vivo prime editing efficiencies Prime Medicine is now reporting, the company will have gathered critical trade secrets.

The question that then often arises is whether related IP and know-how is within the scope of the agreement.  We also have yet to learn how long the term of the collaboration agreement was.  In any case, I expect sufficient wiggle room for Prime Editing to get something out of a hostile arbitration.

Base editing as a transition mutation in the evolution of CRISPR technology

Base editing was a tremendous invention and associated with high editing efficiencies from the get-go.  However, this high editing efficiency also comes at the cost of the bystander editing issue, meaning that bases nearby target As and Cs in the protospacer loop region also get easily edited.  This sometimes is relevant for both safety and efficacy of the editing approach.  Moreover, as the base editing enzyme hangs out in the nucleus, it similarly indiscriminately deaminates single-stranded RNAs it encounters.  This is a particular issue when the enzyme is not delivered as an RNP or mRNA and will be present in a cell for longer.  Finally, despite not introducing double-strand breaks like Cas9 nuclease, it sometimes leaves behind small indels, and in the case of cytidine deaminases surprisingly many translocations.

So as the efficiency of prime editing, which has incredible specificity, is catching up with base editing, it more and more becomes a threat to the bread-and-butter applications of base editing, including AATD.  And in theory, if Beam Therapeutics were to push alpha-1 editing upwards of 60% in competing with prime editing, the efficiency of ‘clean edits’, that is edits without concurrent bystander edits actually decreases.

And what if you had to go back in and correct the edit if you find out 10 years down the line that an edit was problematic?  With the precision of prime editing, the target site will be there as predicted and therefore targetable.  That is not the case when you have to deal with target sites containing just the on-target edit, a mix of on- and bystander edits, or just bystander edits.

A similar situation presents for sickle cell disease, although in this case Beam Therapeutics got rights to the causative sickling transversion mutation in the beta-globin gene, not 'just' reactivating fetal gamma-globin via base editing.  Base editing, it increasingly appears, is at the risk of becoming a transitory technology. 

Get David Liu in the room!

Clearly, the prime editing competition is on its heels of Beam's two lead programs (AATD and SCD) and eventually will be the preferred options for patients. 

This is where I believe the scientific founder David Liu could and should step in.  How can he watch Beam Therapeutics shelve prime editing and access to better medicines for patients just so that Beam can protect its own franchises?  Also, if not Prime Medicine, other companies working on ‘gene writers’ will eventually get there, too, so none of his companies would benefit from the opportunity prime editing presents.  With prime editing enabled in-house, Beam could further cement disease franchises in the form of follow-on products.  

Last, but certainly not least, the development of prime editing for addressing genetic disease caused by many mutations within a given gene, an application that only prime editing is fit to pursue is stalled when Prime Medicine, or their licensing partners, are prohibited from addressing basically 50% of the point mutations?  How can David Liu accept this?

So get in the room, David Liu, and talk sense into the executives.  You have the moral power to do this and investors from both companies stand to benefit from seeing the two companies united.

Thursday, May 22, 2025

CRISPR Therapeutics Goes RNAi in Major Embarrassment to Field

 Just when we thought there could not be more frustration at the lack of appreciation for CRISPR genome editing, CRISPR Therapeutics announced this week that it was licensing in an RNAi agent from US-Chinese biotech Sirius Therapeutics.  For a company that billed itself a CRISPR platform company to do such a thing so early in the game, raises a number of questions, both for the company and the CRISPR field in general.


Opportunistic deal

With a healthy cash balance of almost $2B, but an emerging valuation air pocket as the ex vivo sickle cell therapy Casgevy is proving hard to commercialize and early-stage CRISPR assets are essentially valued at zero, CRISPR Therapeutics is taking advantage of currently depressed prices in the biotech market.  Valuations for China-based assets that can take advantage of the quick translational data generation opportunity there, are particularly attractive and en vogue in pharma.  Accordingly, Factor XI-targeted SRSD107 has shown robust and long-lived >90% knockdown following a single dose out to 6 months, just what we have come to expect from RNAi.

SRSD107 will be developed for anti-thrombotic purposes, hoping it will cut thrombosis risk without an undue increase in bleeding risk.  It won’t be an easy task as the history of Ionis and Bayer for a related antisense compound (fesomersen) has shown.  But for $25M upfront and a $70M equity investment in Sirius, it was worth the flier for CRISPR Therapeutics.  The hope is that the company can rapidly take SRSD107 through phase II and get investors to attribute some value.


CRISPR Therapeutics should have enough to chew on

I get it: CRISPR Therapeutics is engaged in cardiovascular disease and permanent genome editing for managing risk factors like blood clotting and pressure is probably not always ideal.  On the other hand, if the company felt that life-long lowering of cardiovascular risk factors following a one-time CRISPR treatment was attractive and that the company was at the top of the CRISPR game, it should have more than enough targets to chew on in a capital-efficient manner before expanding into other modalities.

Let’s not forget, in addition to CTX310 (ANGPTL3) and CTX320 (Lpa) which are in the clinic for lipid-driven cardiovascular disease, CRISPR Therapeutics entertains an obscenely broad pipeline already from immune-oncology, diabetes, sickle cell and other genetic diseases.

One interpretation could be that CRISPR Therapeutics views cardiovascular disease to be most attractive in the pipeline and therefore wants to expand it. There is indeed considerable interest and investment from small biotech to Big Pharma alike into genetic approaches for this area of drug development.  CAR-Ts on the other hand remain overcrowded and at risk from new types of antibody formats.

Platform development failure

It is also likely that CRISPR Therapeutics is concerned about not having the competitive edge needed to compete in the sickle cell and cardiovascular CRISPR arena long-term. 

For sickle cell, more reliable outcomes via prime or base editing instead of first-generation Cas9 nuclease combined with milder pre-conditioning or systemic LNP delivery is clearly the future.  Beam, Editas, and a few others are working on it and I believe getting close to an attractive product profile following a course of maybe 2 or 3 administrations in the case of LNPs.

And with prime editing, it must have crossed drug developers’ minds that instead of aiming to upregulate fetal hemoglobin, the most obvious, elegant, and likely effective approach is to correct the famous sickling A>T transversion in the sixth coding of the (adult) beta-globin gene in the first place- with prime editing, of course.

While CRISPR Therapeutics, too, works on gentle preconditioning and systemic LNP delivery along with the field, I believe they have lost the edge as it comes to CRISPR next-generation editing systems.  Especially for hematopoetic stem cells, non-cleaving methods should be preferred.

I am also curious to learn more about the safety profile of CTX310 and CTX320.  With GalNAc-enabled VERVE-102 setting a new standard in the safety of CRISPR all-RNA LNP delivery to the liver and Prime Medicine following suit, we still need to find out whether the safety of CTX310 and CTX320 are commercially acceptable, and if so, competitive.


Multi-modality

Building franchises around certain genetically highly validated targets using different modalities is obvious.  It is being practiced by cardiovascular disease leaders Eli Lilly and Novo Nordisk (e.g. Lpa, PCSK9) and caters to different audiences:

oral pills for those that value the daily breakfast ritual...to less frequent antibodies and especially RNAi Therapeutics for those that like to see their healthcare professionals occasionally and feel confident about their access to health insurance in perpetuity...and finally one-course-and-done genome editing for those that simply want to go on with their life and achieve the best medical outcomes through life-long lowering of validated risk factors. 

Why RNAi powerhouse Alnylam, unlike Ionis (via Metagenomi) is not thinking about fortifying their current TTR and rare disease franchises by taking advantage of their $30B+ market cap is beyond me.  As you can see, my current frustration at the disconnect between what CRISPR technology has achieved clinically (almost all the biotech highlights of 2025 so far have been CRISPR related) and market valuations is approaching madness.  CRISPR-Sirius, seriously?

By Dirk Haussecker. All rights reserved.

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