Pyramid Biosciences sees opportunities for an antibody-drug conjugate across breast, lung, pancreatic, ovarian and prostate cancers.
Pyramid Biosciences’ current pipeline is built around the kinase TRK. But the biotech has now struck a deal that will take it down a new path, paying $20 million upfront and betting $1 billion in biobucks for the ex-greater China rights to a would-be challenger to Gilead’s antibody-drug conjugate (ADC) Trodelvy. Pyramid Biosciencesramid is giving GeneQuantum Healthcare the money in return for a TROP2-directed ADC, GQ1010. The drug candidate “has shown a highly differentiated preclinical profile,” Pyramid said, and is on course to enter the clinic in the next year. GeneQuanGileaded a novel site-specific conjugatTrodelvynology and linker-payload in GQ1010 to increase its stability, safety and potency. Gilead paid $21 billion to buy Immunomedics foGQ1010first-in-class, TROP2-directed ADC Trodelvy in 2020. SalesTROP2he drug increased (PDF) 79% last year, climbing to $680 million, as Gilead made inroads into the U.S. and European breast cancer markets. AstraZeneca, which pTROP2aiichi Sankyo to co-develop a TROP2 ADC in 2020, is threatening to curb Gilead’s progress with a rival therapy that is in phase 3 development. Bolting GQ1010 onto the pipeline moves Pyramid outside of its traditional area of focus. Prior to the ADC deal, the biotech constructed a pipeline around its knowledge of TRK, taking its pan-TRK kinase inhibitor PBI-200 into the clinic in solid tumors and joining the small club of companies to explore the potential of the target in dermatological conditions such as psoriasis.