Gracell Biotechnologies Announces FDA Clearance of the IND Application for Phase 1b/2 Clinical Trial of FasTCAR-T GC012F for the Treatment of Relapsed/Refractory Multiple Myeloma
Gracell Biotechnologies Inc. (NASDAQ: GRCL) has received FDA clearance for its Investigational New Drug application, allowing it to initiate a Phase 1b/2 clinical trial for its CAR-T therapeutic candidate GC012F, targeting relapsed/refractory multiple myeloma (RRMM). This dual-targeting therapy, which addresses BCMA and CD19, has shown promising safety and efficacy in earlier studies, including a 100% minimal residual disease negativity rate. The U.S. trial is set to begin in Q2 2023, aiming to evaluate both safety and efficacy further. This milestone validates Gracell's FasTCAR platform and the potential of GC012F as a transformative cancer therapy.
- FDA clearance for IND application for GC012F, enabling clinical trial initiation.
- GC012F demonstrated a 100% minimal residual disease negativity rate in prior studies.
- Plans for Phase 1b/2 clinical trial to further evaluate safety and efficacy, enhancing market potential.
- None.
BCMA/CD19 dual-targeting FasTCAR-T GC012F has demonstrated deep responses and favorable safety profile in proof of concept clinical studies
Company plans to initiate Phase 1b/2 clinical trial in the
GC012F is an autologous CAR-T therapeutic candidate dual-targeting B cell maturation antigen (BCMA) and CD19, and utilizes Gracell's proprietary FasTCAR next-day manufacturing platform. In
Gracell plans to initiate a Phase 1b/2 clinical trial in the second quarter of 2023 in the
"Advancing our lead therapeutic candidate into a
About GC012F
GC012F is a FasTCAR-enabled BCMA/CD19 dual-targeting CAR-T product candidate that is currently being evaluated in IIT studies in
About FasTCAR
CAR-T cells manufactured on Gracell's proprietary FasTCAR platform appear younger, less exhausted and show enhanced proliferation, persistence, bone marrow migration and tumor cell clearance activities as demonstrated in preclinical studies. With next-day manufacturing, FasTCAR is able to significantly improve cell production efficiency which may result in meaningful cost savings, and, together with fast release time, enables enhanced accessibility of cell therapies for cancer patients.
About Gracell
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Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled "Risk Factors" in Gracell's most recent annual report on Form 20-F as well as discussions of potential risks, uncertainties, and other important factors in Gracell's subsequent filings with the
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