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Ocular Therapeutix™ Announces More Than 300 Subjects Randomized in SOL-1

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Ocular Therapeutix (NASDAQ: OCUL) has announced significant progress in its Phase 3 clinical trials for AXPAXLI™ in wet AMD treatment. The company has successfully randomized over 300 patients in its first registrational trial, SOL-1, which is expected to close randomization this week. Topline data from SOL-1 is anticipated in Q4 2025. The company's second registrational trial, SOL-R, is now accepting direct patient enrollment at active clinical sites, accelerating recruitment pace. Both trials are designed to evaluate AXPAXLI's potential as a durable treatment option that could be dosed every six to nine months for wet AMD patients.

Ocular Therapeutix (NASDAQ: OCUL) ha annunciato progressi significativi nei suoi studi clinici di Fase 3 per il trattamento dell'AMD umida con AXPAXLI™. L'azienda ha randomizzato con successo oltre 300 pazienti nel suo primo studio registrativo, SOL-1, che dovrebbe chiudere la randomizzazione questa settimana. I dati principali da SOL-1 sono attesi per il quarto trimestre del 2025. Il secondo studio registrativo dell'azienda, SOL-R, sta ora accettando l'iscrizione diretta dei pazienti presso siti clinici attivi, accelerando il ritmo di reclutamento. Entrambi gli studi sono progettati per valutare il potenziale di AXPAXLI come opzione di trattamento durevole, che potrebbe essere somministrato ogni sei o nove mesi per i pazienti affetti da AMD umida.

Ocular Therapeutix (NASDAQ: OCUL) ha anunciado avances significativos en sus ensayos clínicos de Fase 3 para el tratamiento de la AMD húmeda con AXPAXLI™. La empresa ha aleatorizado con éxito a más de 300 pacientes en su primer ensayo registrativo, SOL-1, que se espera cierre la aleatorización esta semana. Se anticipa que los datos principales de SOL-1 estarán disponibles en el cuarto trimestre de 2025. El segundo ensayo registrativo de la empresa, SOL-R, ahora está aceptando la inscripción directa de pacientes en sitios clínicos activos, acelerando el ritmo de reclutamiento. Ambos ensayos están diseñados para evaluar el potencial de AXPAXLI como una opción de tratamiento duradera que podría administrarse cada seis a nueve meses para los pacientes con AMD húmeda.

Ocular Therapeutix (NASDAQ: OCUL)는 습성 AMD 치료를 위한 AXPAXLI™의 3상 임상 시험에서 중요한 진전을 발표했습니다. 이 회사는 첫 번째 등록 시험인 SOL-1에서 300명 이상의 환자를 성공적으로 무작위 배정하였으며, 이 주에 무작위 배정이 종료될 것으로 예상됩니다. SOL-1의 주요 데이터는 2025년 4분기에 예상됩니다. 회사의 두 번째 등록 시험인 SOL-R은 현재 활성 클리닉 사이트에서 직접 환자 등록을 받고 있으며, 모집 속도가 가속화되고 있습니다. 두 시험 모두 AXPAXLI의 잠재력을 평가하도록 설계되었으며, 이는 습성 AMD 환자에게 6개월에서 9개월마다 투여될 수 있는 지속 가능한 치료 옵션이 될 수 있습니다.

Ocular Therapeutix (NASDAQ: OCUL) a annoncé des progrès significatifs dans ses essais cliniques de phase 3 pour le traitement de l'AMD humide avec AXPAXLI™. L'entreprise a réussi à randomiser plus de 300 patients dans son premier essai d'enregistrement, SOL-1, qui devrait clôturer la randomisation cette semaine. Les données préliminaires provenant de SOL-1 sont attendues für le quatrième trimestre 2025. Le deuxième essai d'enregistrement de l'entreprise, SOL-R, accepte désormais l'inscription directe des patients dans des sites cliniques actifs, accélérant le rythme de recrutement. Les deux essais sont conçus pour évaluer le potentiel d'AXPAXLI comme option de traitement durable pouvant être administrée tous les six à neuf mois pour les patients atteints d'AMD humide.

Ocular Therapeutix (NASDAQ: OCUL) hat bedeutende Fortschritte in seinen Phase-3-Studien zur Behandlung von feuchter AMD mit AXPAXLI™ bekannt gegeben. Das Unternehmen hat erfolgreich über 300 Patienten in seiner ersten registrierenden Studie, SOL-1, randomisiert, die voraussichtlich diese Woche die Randomisierung abschließen wird. Die wichtigsten Daten aus SOL-1 werden im 4. Quartal 2025 erwartet. Die zweite registrierende Studie des Unternehmens, SOL-R, akzeptiert jetzt die direkte Patientenanmeldung an aktiven klinischen Standorten und beschleunigt das Rekrutierungstempo. Beide Studien sind darauf ausgelegt, das Potenzial von AXPAXLI als dauerhafte Behandlungsoption zu bewerten, die alle sechs bis neun Monate für Patienten mit feuchter AMD verabreicht werden könnte.

Positive
  • SOL-1 trial reached target randomization ahead of schedule in 2024
  • Active clinical sites now directly enrolling patients in SOL-R trial, accelerating recruitment
  • FDA granted Special Protocol Agreement (SPA) for SOL-1 trial
  • FDA agreed SOL-R non-inferiority study could support potential NDA
Negative
  • Topline data not available until Q4 2025
  • Additional clinical trial sites still need to be activated worldwide

Insights

The completion of SOL-1 patient randomization represents a significant milestone in AXPAXLI's development for wet AMD treatment. The trial's design under Special Protocol Agreement with the FDA and the parallel SOL-R study create a comprehensive clinical program with strong regulatory positioning. Key highlights include:

  • Over 300 patients randomized in SOL-1, with topline data expected in Q4 2025
  • Potential for 6-9 month dosing intervals, significantly improving upon current standard of care
  • Strategic trial design allowing seamless transition of non-randomized SOL-1 patients into SOL-R

The accelerated enrollment and expansion to direct SOL-R recruitment indicates strong investigator interest and patient demand. The dual-study approach reduces clinical risk while potentially providing robust efficacy data for both initial and repeat dosing scenarios - critical factors for regulatory approval and market adoption.

This clinical progress significantly derisks OCUL's lead asset in the lucrative wet AMD market. With a market cap of $1.55B, successful development of AXPAXLI could substantially impact valuation given:

  • Wet AMD market projected to reach $18.4B by 2030
  • Current standard treatments require frequent injections (6-8 weeks)
  • Extended dosing interval of 6-9 months would provide major competitive advantage

The strategic trial design and FDA alignment through SPA reduce regulatory risk. Strong investigator enthusiasm and rapid enrollment suggest high commercial potential if approved. The company's focused execution on both pivotal trials indicates potential market entry timeline around 2026-2027.

SOL-1 is the first registrational trial for AXPAXLI™ in wet AMD

Topline clinical data from SOL-1 expected in Q4 2025

Active clinical trial sites enrolling patients directly into second registrational trial, SOL-R, while additional sites continue to be activated

BEDFORD, Mass., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular”, the “Company”), a biopharmaceutical company committed to improving vision in the real world through the development and commercialization of innovative therapies for retinal diseases and other eye conditions, today announced that more than 300 patients have been randomized in the SOL-1 Phase 3 trial for AXPAXLI™ (axitinib intravitreal implant, also known as OTX-TKI), and the trial is expected to close randomization this week. This is the first registrational clinical trial of AXPAXLI in wet age-related macular degeneration (wet AMD), which remains on track to report topline data in the fourth quarter of 2025.

“SOL-1 reaching target randomization in 2024 is a landmark event for Ocular. SOL-1 is an important trial for patients and the retina community as there is an urgent unmet need for durable therapies capable of maintaining visual acuity and improving long-term outcomes. Today’s milestone brings us one step closer to our goal of delivering the first wet AMD therapy potentially capable of being dosed as infrequently as every six to nine months. Achieving this progress reflects our positive engagement with the retina community, the dedication of our clinical sites, and the demand for a durable treatment option for wet AMD,” said Pravin U. Dugel, MD, Executive Chairman, President and Chief Executive Officer of Ocular Therapeutix.

Dr. Dugel continued, “Thanks to the excellent momentum from SOL-1, we recently ‘flipped the switch’, allowing active clinical sites to enroll patients directly into our second registrational study in wet AMD, SOL-R, further accelerating its pace of enrollment. Thanks to the palpable enthusiasm from the investigators and study site teams, we continue to make excellent progress with the enrollment of SOL-R, with a steady focus on our overall mission of improving vision for patients.”

Ocular’s second registrational clinical trial, the SOL-R repeat dosing trial, has benefited from the recruitment momentum of SOL-1. Earlier this quarter, Ocular allowed investigators to enroll their patients directly into SOL-R, whereas patients were previously required to be a SOL-1 loading or randomization failure. With all active clinical trial sites now enrolling subjects directly into SOL-R, the trial has seen an acceleration in recruitment which will be further amplified by an expected bolus of subjects that were enrolled but not ultimately randomized into SOL-1 because randomization targets are met. The Company continues to activate additional clinical trial sites worldwide to further bolster the speed of SOL-R enrollment.

Arshad M. Khanani, MD, MA, FASRS, Director of Clinic Research at Sierra Eye Associates, Reno, Nevada commented, “I am thrilled to see the rapid completion of enrollment in the SOL-1 pivotal trial as it demonstrates strong enthusiasm among investigators and patients to contribute to the development of AXPAXLI, a potentially more durable treatment option for wet AMD. The SOL-1 and SOL-R pivotal trials, designed to inform real-world treatment decisions, have the potential to provide a robust data package that will help retina specialists understand the durability, repeatability, and flexibility of AXPAXLI dosing. One of the many compelling features of the SOL program is that my patients who were not ultimately randomized into SOL-1 have an opportunity to be seamlessly enrolled into SOL-R. I am looking forward to continuing to recruit patients for the pivotal SOL-R trial and appreciate the Ocular team’s dedication to patient care with careful ongoing attention to the rigorous standards for clinical trial execution expected by the retina community.”

Ocular’s wet AMD registrational program for AXPAXLI is comprised of two complementary studies, strategically designed with the intent of de-risking clinical outcomes, aligning with regulatory standards, enhancing each other’s enrollment, and providing a broad evaluation of AXPAXLI’s durability, repeatability, and flexibility. SOL-1 is a superiority study being conducted under a Special Protocol Agreement (SPA) with the U.S. Food and Drug Administration (FDA). In a written Type C response, the FDA agreed that the SOL-R non-inferiority study should be appropriate as a second adequate and well-controlled study to support a potential New Drug Application (NDA).

About AXPAXLI
AXPAXLI™ (axitinib intravitreal implant, also known as OTX-TKI) is an investigational, bioresorbable, hydrogel implant incorporating axitinib, a small molecule, multi-target, tyrosine kinase inhibitor with anti-angiogenic properties, being evaluated for the treatment of wet AMD, diabetic retinopathy, and other retinal diseases.

About the SOL-1 Study
The registrational Phase 3 SOL-1 trial (NCT06223958) is designed to evaluate the safety and efficacy of AXPAXLI in a multi-center, double-masked, randomized (1:1), parallel group study that involves more than 100 clinical trial sites located in the U.S. and Argentina. The trial is intended to randomize approximately 300 evaluable treatment-naïve subjects with a diagnosis of wet AMD in the study eye.

The superiority study has an eight-week loading segment prior to randomization, a 9-month treatment segment, and a safety follow-up. During the loading segment, subjects who have 20/80 vision or better and who satisfy other enrollment criteria receive two doses of aflibercept (2 mg) at Week -8 and Week -4. Eligible subjects who achieve best corrected visual acuity (BCVA) of 20/20 at Day 1 or gain at least 10 early treatment diabetic retinopathy (ETDRS) letters at Day 1 are then randomized to receive a single dose of AXPAXLI or a single dose of aflibercept (2 mg) and assessed monthly for the duration of the study. The clinical trial protocol requires that, during the study, subjects in any arm meeting pre-specified rescue criteria will receive a supplemental dose of aflibercept (2 mg).

The primary endpoint of SOL-1 is the proportion of subjects who maintain visual acuity, defined as a loss of <15 ETDRS letters of BCVA, at Week 36. The study is being conducted under a Special Protocol Agreement (SPA) with the FDA.

About the SOL-R Study
The registrational Phase 3 SOL-R trial (NCT06495918) is designed to evaluate the safety and efficacy of AXPAXLI in a multi-center, double-masked, randomized (2:2:1), three-arm study that will involve sites located in the U.S. and the rest of the world. The trial is intended to randomize approximately 825 subjects who are treatment-naïve or were diagnosed with wet AMD in the study eye within three months prior to enrollment.

The non-inferiority study reflects a patient enrichment strategy that includes multiple loading doses of aflibercept (2 mg) and monitoring to exclude subjects with significant retinal fluid fluctuations. Subjects in the first arm receive a single dose of AXPAXLI at Day 1 and are re-dosed at Week 24. Subjects in the second arm receive aflibercept (2 mg) on-label every 8 weeks. Subjects in the third arm receive a single dose of aflibercept (8 mg) at Day 1 and are re-dosed at Week 24, aligned with the AXPAXLI treatment arm for adequate masking. Subjects in any arm that meet pre-specified rescue criteria will receive a supplemental dose of aflibercept (2 mg).

The primary endpoint of SOL-R is non-inferiority in mean BCVA change from baseline between the AXPAXLI and on-label aflibercept (2 mg) arms at one year. In a written Type C response received in August 2024, the FDA agreed that the SOL-R repeat dosing wet AMD study should be appropriate as an adequate and well-controlled study in support of a potential New Drug Application and product label.

About Wet AMD
Wet age-related macular degeneration (wet AMD) is a leading cause of severe, irreversible vision loss affecting approximately 14 million individuals globally and 1.65 million in the United States alone (2023 Market Scope® Retinal Pharmaceuticals Market Report). Wet AMD causes vision loss due to abnormal new blood vessel growth and hyperpermeability and associated retinal vascularity in the macula, which is primarily stimulated by local upregulation of vascular endothelial growth factor (VEGF). Without prompt and continuous treatment to control this exudative activity, patients develop irreversible vision loss. With proper treatment, patients may maintain visual function for a period of time and may temporarily regain lost vision. Challenges with current therapies include pulsatile, repeated intraocular injections, treatment-related adverse events and up to 40% patient discontinuation with continued disease progression. Taken together, these factors lead to undertreatment and a lack of long-term vision improvement for patients.

About Ocular Therapeutix, Inc.
Ocular Therapeutix, Inc. is a biopharmaceutical company committed to improving vision in the real world through the development and commercialization of innovative therapies for retinal diseases and other eye conditions. AXPAXLI™ (axitinib intravitreal implant, also known as OTX-TKI), Ocular’s product candidate for retinal disease, is based on its ELUTYX™ proprietary bioresorbable hydrogel-based formulation technology. AXPAXLI is currently in Phase 3 clinical trials for wet age-related macular degeneration (wet AMD).

Ocular’s pipeline also leverages the ELUTYX technology in its commercial product DEXTENZA®, an FDA-approved corticosteroid for the treatment of ocular inflammation and pain following ophthalmic surgery and ocular itching associated with allergic conjunctivitis, and in its product candidate PAXTRAVA™ (travoprost intracameral implant or OTX-TIC), which is currently in a Phase 2 clinical trial for the treatment of open-angle glaucoma or ocular hypertension.

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The Ocular Therapeutix logo and DEXTENZA® are registered trademarks of Ocular Therapeutix, Inc. AXPAXLI™, PAXTRAVA™, ELUTYX™, and Ocular Therapeutix™ are trademarks of Ocular Therapeutix, Inc.

Forward-Looking Statements
Any statements in this press release about future expectations, plans, and prospects for the Company, including the development and regulatory status of the Company’s product candidates; the design of, and the timing of the enrollment and randomization of patients in and the availability of data from the Company’s SOL-1 and SOL-R Phase 3 clinical trials of AXPAXLI (also called OTX-TKI) for the treatment of wet AMD; the Company’s plans to advance the development of AXPAXLI and its other product candidates; the potential utility of any of the Company’s product candidates; and other statements containing the words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “goal”, “may”, “might”, “plan”, “predict”, “project”, “target”, “potential”, “will”, “would”, “could”, “should”, “continue”, and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Such forward-looking statements involve substantial risks and uncertainties that could cause the Company’s development programs, future results, performance, or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the timing and costs involved in commercializing any product or product candidate that receives regulatory approval; the ability to retain regulatory approval of any product or product candidate that receives regulatory approval; the initiation, design, timing, conduct and outcomes of ongoing and planned clinical trials; the risk that the FDA will not agree with the Company’s interpretation of the written agreement under the Special Protocol Assessment for the SOL-1 trial; the risk that the FDA may not agree that the protocol and statistical analysis plan of SOL-R or the data generated by the SOL-1 and SOL-R trials support marketing approval, even if the trials are successful; uncertainty as to whether the data from earlier clinical trials will be predictive of the data of later clinical trials, particularly later clinical trials that have a different design or utilize a different formulation than the earlier trials, whether preliminary or interim data from a clinical trial will be predictive of final data from such trial, or whether data from a clinical trial assessing a product candidate for one indication will be predictive of results in other indications; availability of data from clinical trials and expectations for regulatory submissions and approvals; the Company’s scientific approach and general development progress; uncertainties inherent in estimating the Company’s cash runway, future expenses and other financial results, including its ability to fund future operations, including clinical trials; the Company’s existing indebtedness and the ability of the Company’s creditors to accelerate the maturity of such indebtedness upon the occurrence of certain events of default; and other factors discussed in the “Risk Factors” section contained in the Company’s quarterly and annual reports on file with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company’s views as of the date of this press release. The Company anticipates that subsequent events and developments may cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

Investors & Media
Ocular Therapeutix, Inc.
Bill Slattery
Vice President, Investor Relations
bslattery@ocutx.com


FAQ

When will Ocular Therapeutix (OCUL) release topline data for the AXPAXLI SOL-1 trial?

Ocular Therapeutix expects to report topline data from the AXPAXLI SOL-1 trial in the fourth quarter of 2025.

How many patients have been randomized in Ocular Therapeutix's (OCUL) SOL-1 trial?

More than 300 patients have been randomized in the SOL-1 Phase 3 trial for AXPAXLI.

What is the dosing frequency target for AXPAXLI in wet AMD treatment?

AXPAXLI is being developed as a therapy potentially capable of being dosed as infrequently as every six to nine months.

How many registrational trials is Ocular Therapeutix (OCUL) conducting for AXPAXLI?

Ocular Therapeutix is conducting two registrational trials for AXPAXLI: SOL-1 and SOL-R.

Ocular Therapeutix, Inc.

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