financetom
Business
financetom
/
Business
/
Why Is Rare Endocrine Disorder-Focused Spruce Biosciences Stock Plummeting On Thursday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Rare Endocrine Disorder-Focused Spruce Biosciences Stock Plummeting On Thursday?
Mar 14, 2024 6:47 AM

Wednesday, Spruce Biosciences Inc ( SPRB ) released topline results from its CAHmelia-203 Phase 2b study of tildacerfont in adult classic congenital adrenal hyperplasia (CAH) and its CAHptain-205 study of tildacerfont in pediatric classic CAH.

CAH refers to a group of genetic disorders that involve the adrenal glands, a pair of small organs located above the kidneys.

The CAHmelia-203 study did not achieve the primary efficacy endpoint of the assessment of dose response for the change in A4 from baseline to week 12.

200mg QD of tildacerfont demonstrated a placebo-adjusted reduction from baseline in A4 of -2.6% at week 12 with a non-significant p-value.

 Compliance with study medication and GC was low, with approximately 50% of patients reporting 80% or greater compliance, resulting in lower-than-expected tildacerfont exposure.

 Tildacerfont was generally safe and well tolerated at all doses with no treatment-related serious adverse events (SAEs). Most adverse events were reported as mild to moderate.s

CAHptain-205 study enrolled 30 children.

Tildacerfont was generally safe and well tolerated at all dose ranges with no treatment-related SAEs reported.

 Preliminary pharmacokinetic analysis suggests that tildacerfont is cleared more rapidly in children than in adult CAH patients.

 73% of all patients (22 of 30) met the efficacy endpoint of A4 or GC reduction from baseline at 12 weeks of treatment with tildacerfont.

 70% of patients with elevated baseline A4 values (16 of 23 patients) demonstrated an A4 reduction at week 4.

 The company says data from the CAHptain-205 study supports further dose-ranging across additional cohorts.

The company is also conducting CAHmelia-204 Phase 2b study assessing glucocorticoid (GC) reduction, a potentially registrational endpoint in adult CAH patients on supraphysiologic GC doses with normal or near normal levels of A4. Topline results are expected in Q3 2024.

In January, Spruce Biosciences ( SPRB ) said it completed enrollment in its CAHmelia-204 trial, with 100 patients exceeding the target enrollment of 90.

The company says resource prioritization and cost reductions, including termination of the CAHmelia-203 trial and a reduction in force of approximately 21%, will extend the cash runway through the end of 2025, including beyond anticipated topline results from CAHmelia-204 and additional dose-ranging data from CAHptain-205.

Price Action: SPRB shares are down 77.80% at $1.15 during the premarket session on the last check Thursday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil prices set for best week in over 2 months on solid demand outlook
Oil prices set for best week in over 2 months on solid demand outlook
Jun 13, 2024
By Ashitha Shivaprasad SINGAPORE (Reuters) -Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel demand. Brent crude futures were down 34 cents, or 0.4%, at $82.41 a barrel by...
Japan could be energy-independent by 2060 thanks to renewables, Rystad Energy CEO says
Japan could be energy-independent by 2060 thanks to renewables, Rystad Energy CEO says
Jun 13, 2024
TOKYO (Reuters) - Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the Middle East, Australia and the United States being its top suppliers....
FOCUS-Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say
FOCUS-Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say
Jun 13, 2024
* Delegations of Carlyle, KfW recently visited TKMS for talks * Deal to buy majority of TKMS could be reached in early autumn * TKMS could be sold or spun off as Thyssenkrupp slims down By Christoph Steitz, Emma-Victoria Farr and Tom Käckenhoff FRANKFURT/DUESSELDORF, June 14 (Reuters) - Private equity firm Carlyle and German development bank KfW are in talks...
Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say
Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say
Jun 13, 2024
FRANKFURT/DUESSELDORF (Reuters) - Private equity firm Carlyle and German development bank KfW are in talks to jointly buy most of Thyssenkrupp's submarine unit, three people familiar with the matter said, in the latest sign of how the Ukraine war is reshaping Europe's defence sector. The plan to join forces and take a majority stake in Thyssenkrupp Marine Systems (TKMS) reflects...
Copyright 2023-2026 - www.financetom.com All Rights Reserved