News

< Back to News

Guest Post by Neil Canavan

Jan. 12, 2018

The following is a guest blog post written by Neil Canavan. He is author of the recently released book about immunotherapy, A Cure Within: Scientists Unleashing the Immune System to Kill Cancer.

Cancer Immunotherapy: The End of the Beginning

“This therapy is here to stay.”
-Frederick Lock, MD, head of the Immune Cell Therapy (ICE-T) service at Moffitt Cancer Center

Immunotherapy for cancer works. Patients with certain types of advanced cancer that were, in the short-term, invariable fatal now have a fighting chance to enjoy years of extended survival — and some will even be cured. Medical science has never seen anything like it — not for the treatment of cancer — and not, in the wider clinical context, since the advent of antibiotics, has the field of medicine seen such remarkable improvements in the standard of care for life-threatening illnesses. 

From the survival data that led to the first-ever approval of a cancer immunotherapy agent, the “checkpoint” inhibitor, Yervoy, in March of 2011, to the remission rates seen with the so-called CAR-T cell drug, Kymriah, the first-ever-approved gene therapy drug, in August of 2017, the gains in patient outcomes seen with cancer immunotherapy (IO) have been dazzling — truly, without precedent. 

There have been IO-inspired newspaper headlines, a PBS special, countless journal articles, 
a book, and of course, Wall Street has taken serious note of this new suite of immunologic technologies. Nevertheless, there remain many doubters, and rightly so. What dazzles can just as well deceive. Just consider the history of immunotherapy — it was on the cover of Newsweek in 1984: “A Search for a Cure” featuring a photo of the NIH-based, IO pioneer, Steve Rosenberg. It was a watershed moment. But then, the cure didn’t happen. Platforms came and went. Companies came and went. Investors turned their attention elsewhere.

So why is IO a good investment now? How can anyone with any confidence say that the latest IO iteration is not just another overpriced, overwrought, over-marketed bottle rocket set to blaze fiercely across the heavens?

I, for one, am confident because I’ve seen it all before. I’ve been in medical/science journalism for about 20 years now, and I’ve seen scores of “forward looking statements”, and p values that are “trending towards significance” and sub-group analysis that are so sub-grouped as to render the appropriate patient population as being less than 7 individuals on the entire planet. I have seen data so deformed by instruments of analytical torture that the number “four” actually did wind up looking pretty much like a five. I have heard a lot of hyperbole, and I’ve seen a lot of rubbish.

It’s not all for naught, of course. The blockbuster drug Gleevec, a tyrosine kinase inhibitor (TKI) was a big deal when it came out; it was a game changer, a homerun if ever there was. However, the realignment of dollars and research programs that quickly followed Gleevec’s approval in 2001 proved unwarranted. It turned out that the generalized targeting of tyrosine kinases, though mechanistically sound, produced no other drug with the umph to rival Gleevec – some highly effective, and profitable TKIs were developed (and this work is ongoing) but many more programs produced also-rans, and not a one of them, even the best of the bunch, is touted as being curative. 

Not long after Gleevec another magic bullet came to pass, a VEGF inhibitor called Avastin. I remember reading about Avastin several years before its approval: My Ph.D. advisor handed me a journal article detailing Avastin’s preclinical results, and when he gave it to me he was practically speechless. The words he did manage to put together were something along the lines of, “This... is. The. Key.” You don’t have to target the tumor, you can target the tumor’s blood supply – and all tumors need a blood supply so… 

The clinical data were equally impressive, and Avastin’s (bevacizumab) approval was justified, but just as the road seemed clear for additional approvals for a plethora of indications, multiple yield signs popped up, and the idea that the drug should have a place in most, if 
not all oncologic treatment regimens eventually faded. (I cannot tell you how many posters/presentations I’ve seen over the years that combine bevacizumab with practically any substance that can be swallowed, inhaled or injected.)

And again, Avastin is not, and will never be on its own, curative. 

Then came IO. 

What is IO? In a nutshell: cancer immunotherapy leverages the patient’s immune system to attack their tumors; this is accomplished with a suite of technologies that either a) dictate a de novo immune response, or b) enhance an immune response that exists already, or c) do some measure of both. 

So why, having seen so many drugs/platforms that have had their promise diminished, am I so bullish on IO — to the extent that I wrote a book about it? Well, as already mentioned, I’ve been at this a while. I’ve seen things. But in the last four or so years I am seeing and hearing things that I have never heard or seen before, such as:

  • Improvements in overall survival in late-stage diseases that are orders of magnitude greater than standard of care
  • Patients that have been in remission so long that their oncologists are now cautiously using the word “cured” — and these are patients that with prior standard of care had only a handful of months left to live
  • A pace of immunologic, basic science discovery that is breathtaking, so much so that even the top investigators in the field attend each other lectures just trying to keep up
  • A depth of understanding of the underlying immunologic mechanisms that guide therapeutic choice, and trial design, so near the level of revelation
  • IO education sessions at major conferences that are packed to overflowing
  • Data presentations for targeted therapies that are half-empty
  • Patient enthusiasm:

“Patients love immunotherapy. They’ve loved it from the start. Even when the rest of the field didn’t think we should be doing it, patients wanted in on the studies.”
 — Elizabeth Jaffee, Associate Director, Bloomberg-Kimmel Institute for Cancer Immunotherapy, Johns Hopkins

Finally, there are IO investigators themselves — a surprisingly small group of profoundly intelligent men and women — most of whom struggled for years to get their cancer colleagues to believe in anything they had to say. For instance, the concept of CAR-T cells was called, “a really dumb idea” (by premier gene-jockey, Richard Milligan, no less); the idea to use adjuvants in cancer vaccines was dismissed with the comment, “Why don’t you just inject dirt?” Funding was scant. Recognition was near zero. 

Were it not for the brilliance, and commitment to the cause by these extraordinary individuals the potential of IO would have languished for years, or been lost altogether. And keep in mind, these folks are no pushovers — they have decades of training in how to shoot holes in the data, the experimental designs or the proposed platform. These people are skeptical for a living. Yet, to a person they humbly acknowledge that this is more than they could have hoped for – yes, they all had faith that IO would eventually work — but not like this. This is something they have never seen before.

However, IO investigators take great pains to point out that there is still a long way to go before the majority of patients benefit. Regarding checkpoint inhibitors, fewer than 40% of patients respond, and the mechanism of late relapse (after years of remission) remains a puzzle. Adverse events can also be quite serious. There is also the issue of “cold tumors” — lesions of the kind that the immune system just cannot see. Regarding CAR-T cells, finding discrete targets on tumor cells (and not healthy cells) is a major issue for future development. 

That said, for every observed therapeutic impediment there is a workaround under investigation. Novel checkpoint inhibitors are already in clinical trials that may overcome resistance to current agents; combination trials with IO agents are being vetted for scientific validity (there can be no more throwing of the therapeutic dice — precise mechanisms must be known); cold tumors are, in various ways, in the process of being warmed up; and new targets for CAR-T cells are being proposed, as is the idea of having “universal donor” CAR-T cells. 

So yeah, I’m sold. Of all the cool things I’ve seen in the last 20 years, this is by far the coolest — but please, don’t take my word for it — I’m just a journalist (Fake News!). Take their words for it:

“Michel (Sadelain) pulled me into his wonderfully cramped conference room and showed me the data that was emerging and I almost fell off my chair. My first reaction was that it was probably not true – that’s the first reaction when one shows you such data. But if we could collectively move the field forward so that we can develop this technology that will enable us to target patients with solid tumors, this would be not just transformational, this would be one of the most disruptive technologies in the history of medicine.” 
— Jose Baselga, Physician-in-Chief, and Chief Medical Officer, Memorial Sloan Kettering

For these words, and many others, as spoken by 25 of the top investigators in the cancer immunotherapy field see: A Cure Within: Scientist Unleashing the Immune System to Kill Cancer, by Neil Canavan, published by Cold Spring Harbor Laboratory Press. Available on Amazon. 

View all holdings in the Loncar Cancer Immunotherapy ETF.


Sign up to receive the latest news about our ETFs and more.