financetom
Business
financetom
/
Business
/
Why Is Skin Disease-Focused Q32 Bio Stock Trading Lower On Wednesday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Skin Disease-Focused Q32 Bio Stock Trading Lower On Wednesday?
Dec 11, 2024 8:55 AM

On Wednesday, Q32 Bio Inc. ( QTTB ) revealed topline results from the SIGNAL-AA Phase 2a signal finding trial evaluating bempikibart (ADX-914) for alopecia areata (AA).

The company plans to expand the SIGNAL-AA Phase 2a clinical trial and enroll additional patients evaluating bempikibart in AA.

The company said the trial did not meet its primary endpoint in Part B. Q32 Bio ( QTTB ) plans to review the results.

Following database lock, one site was excluded from the efficacy analysis based on marked protocol violations of entry criteria, resulting in the removal of three placebo patients.

Due to the reduced sample size, the planned statistical analyses for the primary endpoint were rendered inappropriate.

On a post-hoc analysis of the remaining per-protocol population of patients with AA (n=27), bempikibart demonstrated an improvement in hair regrowth compared to placebo:

At week 24: patients treated with bempikibart showed a mean reduction in baseline Severity of Alopecia Tool (SALT) score of 16% in the bempikibart group vs a reduction of 2% in the placebo group.

At week 24: 9% of bempikibart patients in the trial achieved a SALT-20 (SALT score less than or equal to 20) compared to 0% in placebo. 

At week 26: 13% of bempikibart patients achieved SALT-20 compared to 0% in placebo.

Bempikibart was observed to be safe and well-tolerated in the SIGNAL-AA trial. There were no serious adverse events (SAE) or Grade 3 or higher adverse events related to treatment.

Q32 Bio ( QTTB ) plans to enroll approximately 20 additional patients in a Part B expansion of the SIGNAL-AA Phase 2a trial to evaluate bempikibart in AA, including a loading regimen.

The company will defer enrollment into the planned Phase 2 trial of ADX-097 in ANCA-Associated Vasculitis (AAV), previously expected to begin in 2025, to focus efforts on continued enrollment in the ongoing bempikibart AA and ADX-097 renal basket Phase 2 clinical trials.

The company also provided an update on the SIGNAL-AD clinical trial in patients with atopic dermatitis (AD).

In Part A, at week 14, the average EASI (eczema) score improvement from baseline was 58% in patients treated with 2mg/kg Q2W SC, 84% in patients treated at 3mg/kg Q2W SC, and 72% on a pooled basis, compared to 38% in patients treated with placebo.

Part B evaluated the efficacy and safety of bempikibart compared to the placebo.

The primary endpoint is the mean percent change in the Eczema Area and Severity Index (EASI) score from baseline to week 14.

At week 14, data from Part B demonstrated that patients treated with bempikibart showed a 74% improvement in average EASI from baseline, compared to 76% for the placebo group (p= not statistically significant).

Across SIGNAL-AD and SIGNAL-AA, bempikibart at 200mg Q2W SC demonstrated favorable PK and target engagement as demonstrated by substantial reductions in biomarkers of Th2 and Th1.

Price Action: QTTB stock is down 67.1% at $8.04 at last check Wednesday.

Read Next:

REV Group Q4: Mixed Results, $250 Million Buyback, Dividend Boost & More

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 >
Otis cuts annual sales view on slowdown in construction activity in China, US
Otis cuts annual sales view on slowdown in construction activity in China, US
Jul 24, 2024
(Reuters) - Elevator maker Otis Worldwide ( OTIS ) lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China. The company expects its full-year net sales to be between $14.3 billion and $14.5 billion, down from its previous forecast of $14.5 billion to $14.8 billion. Sales growth in the United...
Thermo Fisher Q2 Earnings: Marginal Revenue Dip, Completes Olink Acquisition, Lifts Annual Profit Outlook
Thermo Fisher Q2 Earnings: Marginal Revenue Dip, Completes Olink Acquisition, Lifts Annual Profit Outlook
Jul 24, 2024
On Wednesday, Thermo Fisher Scientific Inc. ( TMO ) posted a second-quarter revenue of $10.54 billion, down 1% year-over-year, beating the consensus of $10.51 billion. Organic revenue was 1% lower, and Core organic revenue growth was flat. Revenue from the Life Sciences Solutions Segment declined by 4.4% to $2.36 billion. Analytical Instruments Segment sales were up 1.9% to $1.78 billion.  Specialty Diagnostics Segment revenues...
Global Uranium Raising $3 Million in Private Placement
Global Uranium Raising $3 Million in Private Placement
Jul 24, 2024
08:36 AM EDT, 07/24/2024 (MT Newswires) -- Global Uranium ( GURFF ) on Wednesday announced a non-brokered private placement to raise $3 million to fund exploration activities on its projects. The company will issue $2 million worth of units at $0.35 each. Each unit is comprised of one non-flow-through common share and one share purchase warrant. Each warrant is exercisable...
Simmons First National's Q2 Adjusted Earnings, Revenue Fall
Simmons First National's Q2 Adjusted Earnings, Revenue Fall
Jul 24, 2024
08:36 AM EDT, 07/24/2024 (MT Newswires) -- Simmons First National ( SFNC ) reported Q2 adjusted earnings Wednesday of $0.33 per diluted share, down from $0.48 a year earlier. Analysts polled by Capital IQ expected $0.31. Revenue for the quarter ended June 30 was $197.2 million, down from $208.2 million a year earlier. Analysts surveyed by Capital IQ expected $201.8...
Copyright 2023-2025 - www.financetom.com All Rights Reserved