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Merus’ Petosemtamab in Combination with Pembrolizumab Interim Data Demonstrates Robust Response Rate and Favorable Safety Profile in 1L r/m HNSCC

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Merus has announced promising interim data from an ongoing phase 1/2 trial of its bispecific antibody, petosemtamab, in combination with pembrolizumab for first-line treatment of recurrent/metastatic head and neck squamous cell carcinoma (HNSCC). As of March 6, 2024, the trial showed a 67% overall response rate among 24 evaluable patients. Responses were observed across different PD-L1 expression levels and HPV status, with a favorable safety profile. Merus plans to initiate a phase 3 registration trial by the end of 2024. The data will be presented at the ASCO Annual Meeting on June 3, 2024, and a conference call for investors is scheduled for May 28, 2024.

Positive
  • 67% response rate in 24 evaluable patients.
  • Favorable safety profile with no significant overlapping toxicities reported.
  • Responses observed across various PD-L1 levels and HPV statuses.
  • Plans to initiate phase 3 registration trial by year-end 2024.
  • Median follow-up of 3.6 months shows sustained responses.
  • Presented at prestigious ASCO Annual Meeting, enhancing visibility.
  • Continued treatment for 32 out of 45 enrolled patients indicates ongoing efficacy.
Negative
  • No detailed long-term efficacy data available yet.
  • Toxicities led to the discontinuation of at least one patient.
  • 38% of patients experienced infusion-related reactions, including 7% with Grade 3 severity.
  • Relatively short median follow-up period (3.6 months) limits the ability to assess long-term outcomes.

Insights

From a medical standpoint, the interim data from the phase 1/2 trial of petosemtamab in combination with pembrolizumab is promising. A 67% response rate among patients with recurrent/metastatic head and neck squamous cell carcinoma (HNSCC) indicates significant clinical activity. It is particularly noteworthy that the responses were observed across different tumor PD-L1 levels and HPV statuses, which suggests the combination therapy could be broadly effective. Current standard treatments for HNSCC, such as chemotherapy and radiotherapy, offer limited efficacy and come with substantial side effects. The reported favorable safety profile of this combination therapy, with most adverse events being mild to moderate, is a significant advantage. If these results hold in larger phase 3 trials, petosemtamab and pembrolizumab could establish a new standard of care, improving patient outcomes significantly.

From a financial perspective, the interim data for petosemtamab combined with pembrolizumab is a potential game-changer for Merus N.V. The 67% response rate is notably high, which can significantly enhance the company's pipeline value. If this trend continues in phase 3 trials, Merus could see substantial market adoption, driving revenue growth. Considering the competitive landscape, the oncology market for treatments like HNSCC is lucrative, with multi-billion-dollar potential. It’s important to watch for further data from the upcoming ASCO Annual Meeting and the planned initiation of phase 3 trials. Investors should consider the positive safety profile and high response rate, but also remain cautious about the inherent risks in drug development, including potential setbacks in larger trials or regulatory hurdles.

The oncology market is highly competitive, with numerous players targeting HNSCC. However, Merus' strategy of developing bispecific antibodies offers a unique angle. A 67% response rate positions petosemtamab as a strong contender in the market. Current treatments like pembrolizumab alone have shown efficacy, but combining it with petosemtamab might bring significant improvements. The broad activity across PD-L1 levels and HPV status enhances its marketability. However, the real test will be the phase 3 trials and subsequent FDA approval. The safety profile also plays a important part; having no significant overlapping toxicities with pembrolizumab gives it an edge. This combination therapy could potentially capture a substantial market share, especially if it can show a survival advantage over existing therapies.

67% response rate observed among 24 evaluable patients

Conference Call on Tuesday, May 28th at 8 a.m. ET

UTRECHT, The Netherlands and CAMBRIDGE, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- Merus N.V. (Nasdaq: MRUS) (Merus, the Company, we, or our), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®), today announced interim clinical data as of a March 6, 2024 data cutoff from the ongoing phase 1/2 trial of the bispecific antibody petosemtamab in combination with pembrolizumab. These data will be presented by Dr. Jerome Fayette M.D. Ph.D., Centre Léon Bérard, Lyon, France at the 2024 American Society of Clinical Oncology® (ASCO®) Annual Meeting on Monday, June 3 at 8 a.m. CT.

“In this interim dataset, petosemtamab in combination with pembrolizumab has demonstrated clinically meaningful activity in first line head and neck cancer, with a 67% response rate overall, observed across tumor PD-L1 expression levels and HPV status and with encouraging safety," said Bill Lundberg, M.D., President, Chief Executive Officer of Merus. “I’m excited to announce plans to initiate a phase 3 registration trial of petosemtamab in combination with pembrolizumab, regardless of HPV status, in first line, PD-L1 expressing, head and neck cancer, which we expect will start by year end 2024.”

“Despite recent advancements, head and neck squamous cell carcinoma remains a deadly disease with limited treatment options,” added Dr. Fayette. “Based on these data, I’m optimistic petosemtamab, in combination with pembrolizumab, has the potential to become a new standard of care for patients with previously untreated head and neck cancer.”

Petosemtamab (MCLA-158: EGFR x LGR5 Biclonics®): Solid Tumors

Rapid oral presentation title: Petosemtamab (MCLA-158) with pembrolizumab as first-line (1L) treatment of recurrent/metastatic (r/m) head and neck squamous cell carcinoma (HNSCC): Phase 2 study
Observations in the presentation include:  

  • As of a March 6, 2024 data cutoff date, 45 patients (pts) were treated
    • 26 patients were enrolled as of the abstract cutoff date
      • The efficacy population consisted of 24 patients who had the opportunity for 4 or more months follow up, with ≥2 treatment cycles and ≥1 post-baseline tumor assessment; or who discontinued early due to disease progression or death
      • Two patients were not included: One patient withdrew consent prior to first tumor assessment and the other patient discontinued due to toxicity with less than 2 cycles of treatment   
    • Response rates overall (N=24): 67%, including 1 confirmed complete response, 12 confirmed partial responses (PRs) and 3 unconfirmed PRs (all of whom confirmed after the data cutoff) by Response Evaluation Criteria in Solid Tumors (RECIST) v1.1. per investigator assessment, including
      • 3 of 4 patients with HPV associated cancer responded
      • Responses observed across PD-L1 levels (CPS 1-19: 60% [6/10]; CPS ≥ 20: 71% [10/14])
    • At the time of data cutoff, 32 patients of the 45 enrolled, remained on treatment, including 14 of 16 responders and 18 of the initial 26 patients enrolled
    • Median follow up of 3.6 months for the 45 patients
  • In 45 patients the combination was well tolerated and no significant overlapping toxicities with pembrolizumab were observed
  • Treatment-emergent adverse events (AEs) were reported in 45 pts
    • Most were Grade (G) 1 or 2 in severity (no G4–5 were observed)
    • Infusion-related reactions (composite term) were reported in 38% (all Gs) and 7% (G3) of pts, most occurred during the first infusion and resolved

Presentation Details:
Abstract #: 6014 
Session Title: Head and Neck Cancer 
Session Date and Time: June 3, 2024, 8:00-9:30 a.m. CT 

As full presentations become available at the 2024 ASCO® Annual Meeting, they will contemporaneously be available on the Merus website.

Company Conference Call and Webcast Information
Merus will hold a conference call and webcast for investors on Tuesday, May 28, 2024 at 8:00 a.m. ET. A replay will be available after the completion of the call in the Investors and Media section of our website for a limited time. 

Date & Time: May 28, 2024 at 8:00 a.m. ET
Webcast link: Available on our website
Dial-in: Toll Free: 1 (800) 715-9871/ International: 1 (646) 307-1963
Conference ID: 4160163

About Merus N.V.  
Merus is a clinical-stage oncology company developing innovative full-length human bispecific and trispecific antibody therapeutics, referred to as Multiclonics®. Multiclonics® are manufactured using industry standard processes and have been observed in preclinical and clinical studies to have several of the same features of conventional human monoclonal antibodies, such as long half-life and low immunogenicity. For additional information, please visit Merus’ website, https://www.merus.nl and https://twitter.com/MerusNV.  

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the clinical development of our clinical candidates, including petosemtamab, future clinical trial results or interim data, clinical activity and safety profile, and development plans in the on-going trials and described in forthcoming presentation; our belief that in this interim dataset, petosemtamab in combination with pembrolizumab has demonstrated clinically meaningful activity in first line head and neck cancer with encouraging safety; our plans to initiate a phase 3 registration trial of petosemtamab in combination with pembrolizumab, regardless of HPV status, in first line, PD-L1 expressing, head and neck cancer, which we expect will start by year end 2024; and the potential for petosemtamab in combination with pembrolizumab to become a new standard of care in 1L head and neck cancer. These forward-looking statements are based on management’s current expectations. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our need for additional funding, which may not be available and which may require us to restrict our operations or require us to relinquish rights to our technologies or Biclonics®, Triclonics® and multispecific antibody candidates; potential delays in regulatory approval, which would impact our ability to commercialize our product candidates and affect our ability to generate revenue; the lengthy and expensive process of clinical drug development, which has an uncertain outcome; the unpredictable nature of our early stage development efforts for marketable drugs; potential delays in enrollment of patients, which could affect the receipt of necessary regulatory approvals; our reliance on third parties to conduct our clinical trials and the potential for those third parties to not perform satisfactorily; impacts of the market volatility; we may not identify suitable Biclonics® or bispecific antibody candidates under our collaborations or our collaborators may fail to perform adequately under our collaborations; our reliance on third parties to manufacture our product candidates, which may delay, prevent or impair our development and commercialization efforts; protection of our proprietary technology; our patents may be found invalid, unenforceable, circumvented by competitors and our patent applications may be found not to comply with the rules and regulations of patentability; we may fail to prevail in potential lawsuits for infringement of third-party intellectual property; and our registered or unregistered trademarks or trade names may be challenged, infringed, circumvented or declared generic or determined to be infringing on other marks.

These and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-Q for the quarter ended March 31, 2024 filed with the Securities and Exchange Commission, or SEC, on May 8, 2024, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change, except as required under applicable law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Multiclonics®, Biclonics® and Triclonics® are registered trademarks of Merus N.V. 


FAQ

What is the response rate of petosemtamab in combination with pembrolizumab for HNSCC?

The response rate is 67% among 24 evaluable patients.

When will Merus initiate a phase 3 trial for petosemtamab with pembrolizumab?

Merus plans to initiate the phase 3 registration trial by the end of 2024.

Were there any safety concerns in the petosemtamab and pembrolizumab trial?

The trial reported a favorable safety profile with no significant overlapping toxicities, though 38% of patients experienced infusion-related reactions.

How many patients remained on treatment at the data cutoff date for the petosemtamab trial?

At the data cutoff date, 32 out of the 45 enrolled patients remained on treatment.

When and where will the interim data from the petosemtamab trial be presented?

The data will be presented at the ASCO Annual Meeting on June 3, 2024.

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