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Health

New Remedy for Aggressive Prostate Most cancers Improves Survival

An experimental therapy has prolonged life in men with aggressive prostate cancer that has resisted other treatments, offering new hope to patients with advanced illness and opening the door to a promising new form of cancer therapy.

Among men who received the new therapy, there was a nearly 40 percent reduction in deaths over the course of the clinical trial, compared with similar patients who received only standard treatment, researchers reported on Wednesday.

Prostate cancer is the second-leading cause of cancer death among American men, after lung cancer; an estimated 34,130 men will die of prostate cancer this year. One in eight men will be diagnosed with the disease at some point in their lives. The risk increases with age, and the cancer is more common in Black men.

The new treatment relies on a radioactive molecule to target a protein found on the surface of prostate cancer cells. The study, which followed 831 patients with advanced disease in 10 countries for a median period of 20 months, was published in The New England Journal of Medicine.

“This is something new — you’re driving radiation right to the cancer itself,” said Karen Knudsen, president and chief executive of the American Cancer Society. “It’s a much more sophisticated strategy for targeting the tumor.”

“You’re not just destroying the cancer cells — you’re smart-bombing the place that the tumor has found for itself to live.”

There is no definitive cure for metastatic prostate cancer, and there is an urgent need for new therapies, Dr. Knudsen said. Most life-extending treatments rely on suppressing or blocking androgens, the male hormones that fuel prostate cancer.

“This opens the door to precision radiotherapy targeted at other molecules that are on the surface of other cancer cells,” said Dr. Philip Kantoff, chairman of medicine at Memorial Sloan Kettering Cancer Center in New York.

The investigational treatment, called lutetium-177-PSMA-617, combines a compound that targets a protein on the surface of prostate cancer cells, called prostate-specific membrane antigen, or P.S.M.A., with a radioactive particle that attacks the cells.

The P.S.M.A. protein, which can be detected by imaging scans, is almost exclusively on prostate cancer cells, and so the treatment causes less damage to surrounding tissue, said Dr. Oliver Sartor, the trial’s co-principal investigator and medical director of Tulane Cancer Center in New Orleans.

Though the protein is not ubiquitous in prostate tumors, it is found in more than 80 percent of cases. Among patients screened for the trial, 87 percent were P.S.M.A.-positive. Only those men who were positive for the marker were included in the trial.

The study enrolled men with a form of metastatic prostate cancer called castration-resistant prostate cancer. All the patients had disease that progressed despite treatments with chemotherapy and hormonal therapy to suppress and block androgens.

Participants were randomly assigned to receive the experimental treatment, given every six weeks in up to six doses along with standard treatment, or to continue standard care alone, but without chemotherapy or other isotopes.

After a median follow-up period of 20.9 months, patients given the experimental treatment survived for a median of 15.3 months, compared with 11.3 months for those who received only standard care, a reduction of 38 percent.

Their tumors were more likely to shrink, their prostate-specific antigen levels were more likely to fall, and the risk of their cancer progressing was reduced by 60 percent.

Side effects — most commonly fatigue, dry mouth and nausea — were more prevalent among those receiving the compound than among those who did not, but did not appear to significantly affect quality of life, the researchers said.

The study had some limitations. It was a randomized trial, but because of the difficulties of running a double-blinded trial with a radioactive treatment, the trial was open-label: Both patients and physicians knew whether or not they were getting the treatment. That caused some problems early on, as patients who were disappointed by their assignment withdrew from the trial.

The investigational drug worked where other approaches had failed, Dr. Sartor emphasized. “These patients had received essentially all the available therapies,” he said. “This is the first drug targeted to the tumor that actually results in overall survival benefit among incredibly, heavily pretreated patients.”

Dr. Sartor was a co-principal investigator of the trial, along with Dr. Bernd Krause, of Rostock University Medical Center in Germany. The trial was sponsored by Endocyte Inc. and Advanced Accelerator Applications, which are Novartis companies; Dr. Sartor is a paid consultant to the company. The data were analyzed by the sponsor and provided confidentially to the authors.

Officials with Novartis said the company will apply to the Food and Drug Administration for approval of the new treatment later this year.

Categories
Business

Shares, Oil and Bond Yields All Climb as Financial Information Improves

Stocks, commodities and bond yields all rose on Tuesday amid evidence of a strengthening global economic recovery. In the data, there are also signs that manufacturers are struggling to keep up with demand, which could increase inflationary pressures.

The S&P 500 climbed 0.4 percent in early trading, inching closer to a record. The yield on 10-year Treasury notes rose to 1.62 percent, the highest level in more than a week.

Most European stock indexes were higher. The Stoxx Europe 600 index climbed 1.2 percent, extending its run into record territory. All sectors were higher with energy and mining stocks among the biggest gainers.

Measures of manufacturing activity in the both the United States and eurozone climbed in May to a record highs, according to IHS Markit.

The increase in manufacturing output is another sign that the eurozone economy is rebounding strongly in the second quarter, Chris Williamson, an economist at IHS Markit said.

“However, May also saw record supply delays, which are constraining output growth and leaving firms unable to meet demand to a degree not previously witnessed,” he added.

In Europe, the annual rate of inflation in the euro area rose to 2 percent in May, according to the first estimate by the European Union’s statistics agency, reaching the European Central Bank’s target for the first time since November 2018

Optimism was bolstered by rosier forecasts for economic growth released Monday by the Organization for Economic Cooperation and Development. The group predicted the global economy would expand by 5.8 percent in 2021, up from a 4.2 percent projection in December. It said the spread of vaccines and strong fiscal stimulus in the United States were helping improve the economy, but it raised concerns about variants of the virus.

In China, the manufacturing sector reported the strongest increase in new work for five months in May though there are also reports of supply delays and higher purchasing costs.

Oil prices climbed as the Organization of the Petroleum Exporting Countries and its allied producers including Russia met. Analysts expect the oil producers to continue gradually increasing production quotas. West Texas Intermediate, the U.S. crude benchmark, rose 3.5 percent to above $68 a barrel.

Categories
World News

South Africa races to halt third Covid wave as its financial outlook improves

A healthcare worker holds a vile containing Pfizer vaccine to be administered on elderly persons at the Bertha Gxowa Hospital in Germiston, on May 17, 2021.

Michele Spatari | AFP | Getty Images

South African economic activity has rebounded quicker than expected in recent months and the rand is the strongest-performing emerging market currency this year, but the country is racing to roll out Covid-19 vaccines as a third wave looms.

In its Financial Stability Review on Thursday, the South African Reserve Bank said the economy was continuing to rebound from a 2020 recession that saw gross domestic product contract by 7%, its steepest decline for over a century.

“Positive data releases, an uptick in global economic activity, robust international trade, elevated commodity prices and improved mobility” led NKC African Economics to upgrade its first-quarter GDP forecast to a 1.4% quarterly expansion, up from a previous forecast of a 3.3% contraction. NKC analysts now expect GDP to grow by 3.1% in 2021.

The industrial sector, particularly mining and manufacturing, has demonstrated positive growth rates on the back of increased global demand and high commodity prices 

“Google Mobility data, which has proven to be a good indicator of economic activity, has improved to its best levels since the coronavirus shock occurred,” NKC senior economist Pieter du Preez highlighted in a note Wednesday.

Third wave risks

The major ratings agencies have all reaffirmed their ratings for South Africa over the past week, but Fitch noted that although the fiscal accounts surprised to the upside on both the fourth quarter of 2020 and first quarter of 2021, the country still faces “substantial risks to debt stabilization.”

S&P also highlighted structural complaints, a lack of economic reforms and a sluggish vaccination drive as hindrances to medium-term growth potential.

Despite the positive surprises thus far, the SARB warned the outlook remains highly dependent on the pace of the vaccine rollout and possible resurgence of the virus, suggesting that the pandemic could last into 2022.

To date, the country has reported a total of over 1.6 million Covid cases, and more than 56,000 deaths, according to data compiled by Johns Hopkins University.

Now, South Africa’s seven-day rolling average of new daily cases is rising, up from its nadir of around 780 in early April to over 3,700 at the end of last week.

Given the scale of the previous hit to economic activity, the government appears reluctant to reimpose stringent virus restrictions, though President Cyril Ramaphosa met with the country’s coronavirus taskforce this week to discuss possible strategies.

South African President Cyril Ramaphosa visits the coronavirus disease (COVID-19) treatment facilities at the NASREC Expo Centre in Johannesburg, South Africa April 24, 2020.

Jerome Delay | Reuters

South Africa has begun working toward its goal to vaccinate 5 million senior citizens by the end of June and 67% of its 60 million population by February. The country has purchased 30 million doses of the Pfizer-BioNTech inoculation and ordered 31 million doses of Johnson & Johnson’s vaccine, both of which have proven effective against the dominant variant circulating in the country.

The central bank also noted the risks posed by an abrupt shift in global financial conditions and the consistently “high and rising level of public debt” in South Africa.

NKC’s du Preez said the impending third wave of Covid-19 will disrupt the economic recovery process. Meanwhile, the government is embroiled in protracted negotiations with unions over its commitment to freezing public sector wages, which du Preez said is also negative for the economic outlook.

“The National Treasury would either be forced to reprioritize expenditure or over-spend on an already large fiscal deficit,” he said. 

“Reprioritizing expenditure would entail reducing funding for critically important sectors in the economy or reducing very much needed infrastructure upgrades.”

The Treasury therefore finds itself “between a rock and a hard place,” du Preez added, since overspending could send out a signal that authorities are not serious about fiscal consolidation.

Roaring rand

Any sign of fading commitment to this austerity drive would exert pressure on the rand, Capital Economics senior emerging markets economist Jason Tuvey highlighted in a recent note.

The rand has soared on the back of higher metals prices, and was trading up at around 13.76 to the dollar by Monday morning. 

However, Capital Economics analysts said in a note Thursday that “the star performance of the rand is unlikely to last as we expect most commodity prices to fall back, and that U.S. long-term yields will begin to rise again, putting renewed pressure on EM currencies.”

“In addition, we think the SARB will not tighten policy as quickly as investors now discount, and that concerns about South Africa’s fiscal situation will eventually resurface.”

Capital Economics anticipates that the rand will weaken to around 15.5 to the dollar by the end of the year.