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Ascendis Pharma Presents New Data and Updated Results from Phase 1/2 IL-Believe Trial at ASCO 2024

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Ascendis Pharma (Nasdaq: ASND) presented new data from the ongoing Phase 1/2 IL-Believe Trial at ASCO 2024. The study evaluates TransCon IL-2 β⁄γ, alone and in combination with TransCon TLR7/8 Agonist, in patients with anti-PD-1 refractory melanoma and other solid tumors.

Key findings include clinical responses in 40% of efficacy-evaluable patients in the initial cohort and 45% in patients with prior disease progression on checkpoint inhibitors. Notably, no new safety signals were reported.

Biomarker analysis linked clinical benefits to CD8+ T cell expansion and activation. The recommended Phase 2 dose is 120 µg/kg administered every three weeks.

Positive
  • 40% clinical response rate in initial cohort of anti-PD-1 refractory melanoma.
  • 45% clinical response rate in patients with prior disease progression on checkpoint inhibitors.
  • No new safety signals observed.
  • Biomarker analysis linked clinical benefits to CD8+ T cell expansion and activation.
  • Phase 2 dose established at 120 µg/kg administered every three weeks.
Negative
  • Data only from small sample sizes (5 in initial cohort, 11 in checkpoint inhibitor group).
  • data on long-term efficacy and safety.
  • Study results may not be generalizable to broader patient populations.

Insights

The updated results from the IL-Believe trial at the ASCO 2024 conference provide intriguing insights into the potential efficacy of TransCon IL-2 β/γ, particularly in patients with anti-PD-1 refractory melanoma and other cancers that have progressed on checkpoint inhibitors. The observed 40% and 45% clinical response rates in different cohorts are quite promising, especially given the treatment-resistant nature of these populations. These findings suggest that the combination of TransCon IL-2 β/γ with other agents like TransCon TLR7/8 Agonist or pembrolizumab could offer a new therapeutic option for patients with limited alternatives.

Furthermore, the biomarker analysis showing a correlation between CD8+ T cell expansion and clinical benefit is particularly noteworthy. This supports the hypothesis that TransCon IL-2 β/γ can effectively enhance immune responses without exacerbating toxicity, a common issue with traditional IL-2 therapies. However, it’s important to note that these results are from early-phase trials and need to be validated in larger, more diverse patient populations.

Overall, these early-stage data provide a solid foundation for further study and could have significant implications for both clinical practice and future research in cancer immunotherapy.

The clinical data presented by Ascendis Pharma is a critical milestone for the company, potentially affecting its stock performance and investor sentiment. The positive response rates in difficult-to-treat cancer populations can be seen as a strong validation of the company's ongoing R&D efforts. Notably, these results may signal a robust pipeline that could drive future revenue streams, especially if the drug progresses to later stages of clinical trials and, eventually, to market approval.

The absence of new safety signals is also a positive factor, reducing the risk of severe adverse events that could hinder the drug's development. From a financial perspective, the company's ability to deliver such promising early-stage results can enhance its attractiveness to both institutional and retail investors looking for high-growth biotech stocks.

However, it’s essential for investors to remain cautious. The biotech sector is notoriously volatile and early-phase success does not always translate to later-stage approvals. Investors should closely monitor upcoming data readouts and regulatory updates to make informed decisions.

The results from the IL-Believe trial highlight an important step forward in cancer immunotherapy, particularly with the innovative use of TransCon IL-2 β/γ. The reported clinical benefits and safety profile suggest that this investigational therapy may overcome some limitations of existing IL-2 treatments, such as the high toxicity that often limits their use. By enabling sustained activation of the IL-2 receptor without a spike in markers of toxicity, TransCon IL-2 β/γ could offer a more manageable treatment option for patients and healthcare providers.

The biomarker analysis demonstrating the expansion of cytotoxic lymphocytes, specifically CD8+ T cells, is a significant finding. It not only validates the mechanism of action but also provides a measurable endpoint that could be useful in future trials and clinical practice. The ability to correlate immune response markers with clinical outcomes is a valuable tool in the development and optimization of cancer therapies.

While these findings are promising, it’s important to remember that they are still in the early stages. The true efficacy and safety will need to be confirmed in larger Phase 3 trials. However, the data so far offer a strong rationale for continued development and further exploration in more extensive clinical settings.

40% of efficacy-evaluable patients (2 out of 5) in the initial cohort of patients with anti-PD-1 refractory melanoma treated with TransCon IL-2 β/γ in combination with TransCon TLR7/8 Agonist exhibited confirmed clinical responses with no new safety signals

45% of efficacy-evaluable patients (5 out of 11) whose disease progressed on check-point inhibitors exhibited confirmed clinical responses when treated with TransCon IL-2 β/γ as monotherapy or in combination treatment

COPENHAGEN, Denmark, June 03, 2024 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) reported new and updated results from its ongoing Phase 1/2 IL-Believe Trial of TransCon IL-2 β⁄γ in a poster presentation at ASCO 2024, the annual meeting of the American Society of Clinical Oncology being held in Chicago May 31–June 4, 2024. Data included the first presentation of Phase 2 dose expansion Cohort 4 (TransCon IL-2 β⁄γ in combination with TransCon TLR7/8 Agonist) in post anti-PD-1 melanoma and new analyses of patients from dose escalation cohorts with prior disease progression on checkpoint inhibitors, along with biomarker studies correlating cytotoxic immune cell expansion and clinical benefit.

As of the April 16, 2024 data cutoff, confirmed clinical responses were observed in 40% (two out of five) of efficacy-evaluable patients from Cohort 4, suggesting potential synergy of Ascendis Pharma’s two novel immunotherapy agents.

Of efficacy-evaluable patients with prior disease progression on checkpoint inhibitors to date in the IL-Believe Trial, confirmed clinical responses (per RECIST v1.1) were observed in 45% (five out of eleven) administered TransCon IL-2 β/γ doses ≥80 μg/kg every 3 weeks, suggesting clinical benefit in treatment-resistant settings.

  • Monotherapy (n=4): 1 confirmed partial response (PR) in colorectal cancer
  • Combination with pembrolizumab (n=2): 1 confirmed complete response and 1 confirmed PR in small-cell lung cancer
  • Combination with TransCon TLR7/8 Agonist (n=5): 2 confirmed PRs in melanoma

Biomarker analysis demonstrated comparable, cytotoxic immune expansion between TransCon IL-2 β/γ monotherapy and combination therapy with pembrolizumab, indicating that administration of TransCon IL-2 β⁄γ expands cytotoxic lymphocytes and elevates levels of cytokines and chemokines in the blood without the corresponding expansion of Tregs or eosinophils (markers of toxicity). A statistically significant correlation of clinical benefit with both CD8+ T cell expansion and activation was observed, directly linking this pharmacodynamic effect to clinical activity.

In this trial, TransCon IL-2 β⁄γ alone or in combination with pembrolizumab or TransCon TLR7/8 Agonist was generally well tolerated with no new safety signals.

“We are very encouraged by the clinical response and safety profile for TransCon IL-2 β⁄γ and are pleased to see it working as designed to recruit and amplify the body’s immune response with sustained immune activation without a corresponding increase in markers of toxicity,” said Stina Singel, M.D., Ph.D., Ascendis Pharma’s Executive Vice President and Head of Clinical Development, Oncology. “These new data in a heavily pre-treated population who progressed on or did not benefit from prior checkpoint inhibitors support TransCon IL-2 β⁄γ as the first biased IL-2 cytokine therapy to show not only monotherapy activity in a convenient outpatient setting every 3 weeks but also a direct correlation between clinical benefit and expansion of CD8+ T cells. We look forward to additional data readouts expected later this year from larger, indication-specific cohorts.”

TransCon IL-2 β⁄γ is an investigational long-acting prodrug with sustained release of an IL-2Rβ⁄γ-selective analog (IL-2 β⁄γ), designed to address the known limitations of interleukin-2 (IL-2) cancer immunotherapy through prolonged activation of IL-2Rβ⁄γ with low Cmax. The Phase 1/2 IL-Believe Trial is investigating the safety and tolerability of TransCon IL-2 β⁄γ alone or in combination with the checkpoint inhibitor pembrolizumab and/or chemotherapy or TransCon TLR7/8 Agonist in participants with locally advanced or metastatic solid tumors. The recommended Phase 2 dose (RP2D) for TransCon IL-2 β⁄γ in the IL-Believe trial is 120 µg/kg administered intravenously every three weeks in an outpatient setting in both the monotherapy and combination-therapy arms.

About Ascendis Pharma A/S
Ascendis Pharma is applying its innovative TransCon technology platform to build a leading, fully integrated biopharma company focused on making a meaningful difference in patients’ lives. Guided by its core values of Patients, Science, and Passion, Ascendis uses its TransCon technologies to create new and potentially best-in-class therapies. Ascendis is headquartered in Copenhagen, Denmark and has additional facilities in Europe and the United States. Please visit ascendispharma.com to learn more.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to (i) the potential synergy of TransCon IL-2 β⁄γ and TransCon TLR7/8 Agonist; (ii) the timing of data from indication-specific cohorts for TransCon IL-2 β⁄γ; (iii) the ability of TransCon IL-2 β⁄γ to address the known limitations of interleukin-2 (IL-2) cancer immunotherapy through prolonged activation of IL-2Rβ⁄γ; (iv) Ascendis’ ability to apply its TransCon technology platform to build a leading, fully integrated biopharma company; and (v) Ascendis’ use of its TransCon technologies to create new and potentially best-in-class therapies. Ascendis may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Ascendis makes, including the following: dependence on third party manufacturers, distributors and service providers for Ascendis’ products and product candidates; unforeseen safety or efficacy results in Ascendis’ development programs or on-market products; unforeseen expenses related to commercialization of any approved Ascendis products; unforeseen expenses related to Ascendis’ development programs; unforeseen selling, general and administrative expenses, other research and development expenses and Ascendis’ business generally; delays in the development of its programs related to manufacturing, regulatory requirements, speed of patient recruitment or other unforeseen delays; Ascendis’ ability to obtain additional funding, if needed, to support its business activities; the impact of international economic, political, legal, compliance, social and business factors. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ascendis’ business in general, see Ascendis’ Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on February 7, 2024 and Ascendis’ other future reports filed with, or submitted to, the SEC. Forward-looking statements do not reflect the potential impact of any future licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments that Ascendis may enter into or make. Ascendis does not assume any obligation to update any forward-looking statements, except as required by law.

Ascendis, Ascendis Pharma, the Ascendis Pharma logo, the company logo, and TransCon are trademarks owned by the Ascendis Pharma group. © June 2024 Ascendis Pharma A/S.

Investor Contacts:Media Contact:
Tim LeeMelinda Baker
Ascendis PharmaAscendis Pharma
+1 (650) 374-6343 +1 (650) 709-8875
tle@ascendispharma.commedia@ascendispharma.com
ir@ascendispharma.com 
  
Patti Bank 
ICR Westwicke 
+1 (415) 513-1284 
patti.bank@westwicke.com 

FAQ

What were the key findings from Ascendis Pharma's Phase 1/2 IL-Believe Trial presented at ASCO 2024?

The trial showed a 40% clinical response rate in anti-PD-1 refractory melanoma patients and 45% in those with prior disease progression on checkpoint inhibitors, with no new safety signals.

What is the significance of the biomarker analysis in the IL-Believe Trial?

The biomarker analysis demonstrated a link between clinical benefits and CD8+ T cell expansion and activation, suggesting the efficacy of TransCon IL-2 β⁄γ.

What is the recommended Phase 2 dose for TransCon IL-2 β⁄γ in the IL-Believe Trial?

The recommended Phase 2 dose is 120 µg/kg administered every three weeks.

How effective was TransCon IL-2 β⁄γ in the IL-Believe Trial?

TransCon IL-2 β⁄γ showed a 40% clinical response rate in the initial cohort and 45% in patients with prior disease progression on checkpoint inhibitors.

Were there any new safety signals reported in the IL-Believe Trial for TransCon IL-2 β⁄γ?

No new safety signals were reported in the IL-Believe Trial.

Ascendis Pharma A/S American Depositary Shares

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