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ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a clinical-stage biotechnology company. It is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA). Its proprietary target discovery engine applies a thermodynamic, computational discovery platform-ProMIS and Collective Coordinates-to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. Using this approach, the Company is developing novel antibody therapeutics for AD, ALS and MSA. Its product candidates are PMN310, PMN267, and PMN442. The PMN310 is a monoclonal antibody designed to treat AD by selectively targeting toxic, misfolded oligomers of amyloid-beta. PMN267 product candidate targeting ALS. PMN442 is a drug candidate being developed for MSA designed to selectively target and protect against pathogenic a-syn species.


NDAQ:PMN - Post by User

Post by retiredcopon Mar 11, 2024 10:49am
148 Views
Post# 35926335

Another company has to start from scratch on ALS

Another company has to start from scratch on ALS

Enticing a reluctant FDA Advisory Committee to greenlight its drug based solely on Phase 2, Amylyx Pharmaceuticals promised, sort of, that if its ongoing Phase 3 trial returned negative results, it would voluntarily withdraw the drug. Those results are now in hand.

On March 8, the company announced that its Phase 3 PHOENIX trial had failed to meet its primary endpoint (press release). In the global, year-long study of 664 ALS patients, Relyvrio did not slow disease progression compared to placebo. The p value on the primary endpoint was 0.667. Secondary endpoints measuring quality of life and muscle function were also uniformly negative.

According to the press release, Amylyx will decide on Relyvrio’s fate in the next two months. In the meantime, the company will pause promotion, but continue to provide the drug and patient support services to current users. An open-label extension to the trial continues in Europe, as do separate studies in Wolfram syndrome and Progressive Supranuclear Palsy.

The FDA approved Relyvrio in 2022, based on data from a Phase 2 trial with 137 patients. In that study, Relyvrio was reported to slow decline by about a quarter on the ALS Functional Rating Scale-Revised, the gold standard for ALS clinical progression (September 2020 news). The advisory committee initially voted against approval, citing insufficient evidence of benefit. In a controversial move, and after pressure from outside groups, the committee reconvened, and reversed course. The drug, a combination of sodium phenylbutyrate and taurursodiol, debuted with a list price of $158,000 per year, while the Phase 3 was ongoing (October 2022 news).

The trial failure dooms Relyvrio’s conditional approval in Canada, where it has been marketed as Albrioza. The drug was rejected previously in the European Union.—Pat McCaffrey

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