Opthea Completes Enrollment in Pivotal Phase 3 Clinical Program with Sozinibercept in Wet AMD
Opthea announced the completion of enrollment for its pivotal Phase 3 clinical program with sozinibercept for wet age-related macular degeneration (wet AMD). The program includes two trials, COAST and ShORe, enrolling 1,984 patients combined. These trials aim to replicate the superior visual outcomes demonstrated in the Phase 2b study. Topline data is anticipated by mid-2025. The trials will compare the efficacy and safety of sozinibercept combined with standard anti-VEGF-A therapies against standard care alone. The primary endpoint is the mean change in Best Corrected Visual Acuity (BCVA) over 52 weeks, with ongoing safety evaluations for up to two years.
- Enrollment completed for pivotal Phase 3 trials COAST and ShORe, indicating good progress.
- Total of 1,984 patients enrolled, making it one of the largest Phase 3 programs for wet AMD.
- Phase 2b trial showed superior visual outcomes, providing a strong basis for the Phase 3 program.
- Primary endpoint focused on mean change in BCVA at week 52, a critical measure of visual improvement.
- Trials aim to gather safety and tolerability data over a two-year period, ensuring comprehensive safety evaluations.
- Topline data expected by mid-2025, which could be a significant milestone for potential BLA submission.
- Data from the Phase 3 trials won't be available until mid-2025, delaying any potential market impact or approvals.
- The success of the trials highly depends on replicating superior outcomes from the Phase 2b trial, posing a risk if results vary.
- Cost and time investment in large-scale trials could impact financials without guaranteed positive outcomes.
Insights
The completion of enrollment for Opthea's pivotal Phase 3 clinical program with sozinibercept is a significant milestone in the field of retinal diseases, particularly wet age-related macular degeneration (wet AMD). Wet AMD is a chronic eye disorder that causes blurred vision or a blind spot in your visual field. It is an advanced form of macular degeneration that can lead to rapid vision loss. Intravitreal injections of anti-VEGF agents, such as aflibercept and ranibizumab, are currently the standard of care for wet AMD. These agents work by inhibiting the activity of vascular endothelial growth factor (VEGF), a protein that promotes the growth of abnormal blood vessels in the retina.
Sozinibercept, if successful, aims to enhance visual outcomes even further when used in combination with these standard treatments. The fact that Phase 2b results showed superior visual outcomes provides a strong foundation for these trials. However, it is critical to consider the trial design and the robustness of the data collected. The trials are well-structured as multicenter, double-masked and randomized, which enhances the reliability of the results. The primary endpoint, mean change in Best Corrected Visual Acuity (BCVA), is a standard measure in ophthalmology trials, indicating the direct impact on patients' vision quality.
If the Phase 3 results mirror the Phase 2b outcomes, sozinibercept could indeed shift the treatment paradigm for wet AMD. For investors, this progress suggests that Opthea is on track to potentially secure a Biologics License Application (BLA) submission, which could have considerable market implications.
From a financial perspective, the successful completion of patient enrollment in Opthea's Phase 3 trials represents a pivotal moment for the company. Pharmaceutical companies undertaking late-stage trials incur substantial costs, but they also pave the way for significant future revenues upon successful drug approval. Opthea's stock could see increased investor confidence as the company progresses through these critical trials.
Moreover, the large size of the trials, involving 1,984 patients, is noteworthy as it indicates a commitment to generating robust and comprehensive data. This extensive dataset will be valuable not just for regulatory submissions but also for convincing potential commercial partners and investors. The anticipated topline data in mid-2025 is a key date for stakeholders to monitor, as positive results could significantly enhance Opthea's market valuation and open up new revenue streams.
Investors should also be aware of the competitive landscape. While sozinibercept aims to improve upon existing therapies, it will likely face competition from established treatments and other innovations in the pipeline. However, the uniqueness of sozinibercept being the only late-stage asset targeting improved visual outcomes in combination with current therapies could provide Opthea a competitive edge.
Phase 3 program enrolled 1,984 patients across COAST and ShORe trials
Trials designed to replicate superiority in visual outcomes demonstrated in Phase 2b
Topline data from both pivotal trials expected in mid-CY2025
MELBOURNE, Australia and PRINCETON, N.J., May 28, 2024 (GLOBE NEWSWIRE) -- Opthea Limited (ASX/NASDAQ: OPT “Opthea”, the “Company”), a clinical-stage biopharmaceutical company developing novel therapies to treat highly prevalent and progressive retinal diseases, including wet age-related macular degeneration (wet AMD), today announced that it has now completed enrollment in both the COAST and ShORe trials constituting its pivotal Phase 3 clinical program. This program is designed to assess the safety and superior efficacy of sozinibercept in combination with standard-of-care anti-VEGF-A therapies compared to standard of care alone for the treatment of patients with wet AMD.
“Today marks the achievement of a key milestone for the sozinibercept global Phase 3 clinical trial program that brings us closer to our goal of improving visual outcomes for patients with wet AMD,” said Arshad M. Khanani, MD, MA, FASRS, Chief Medical Advisor of Opthea. “In a large Phase 2b clinical trial of 366 treatment-naïve wet AMD patients, sozinibercept demonstrated strong clinical evidence of superior visual outcomes in combination with ranibizumab. These data formed the basis for this large, global Phase 3 clinical program.”
Opthea’s Phase 3 clinical program consists of two multicenter, double-masked, randomized, sham-controlled trials COAST (Combination OPT-302 with Aflibercept Study) and ShORe (Study of OPT-302 in combination with Ranibizumab), which enrolled 1,984 treatment-naïve wet AMD patients in total (998 patients in COAST; 986 patients in ShORe), making it one of the largest Phase 3 programs in wet AMD. Both Phase 3 trials combine sozinibercept with standard-of-care anti-VEGF-A therapy to assess the efficacy and safety of intravitreal 2.0 mg sozinibercept in combination with 2.0 mg aflibercept (COAST), or 0.5 mg ranibizumab (ShORe), compared to standard of care alone. The primary endpoint for both trials is the mean change in Best Corrected Visual Acuity (BCVA) from baseline to week 52. Both trials are also evaluating the safety and tolerability over a two-year period.
“Sozinibercept is the only late-stage asset in development in over 15 years that is targeting better visual outcomes for wet AMD patients in combination with standard-of-care anti-VEGF-A therapies,” said Frederic Guerard, PharmD, Chief Executive Officer of Opthea. “We are excited about the potential of sozinibercept to transform the current treatment paradigm, with pivotal 52-week topline data expected in mid-CY2025 to support a potential BLA submission.”
About Sozinibercept
Sozinibercept (OPT-302) is a soluble form of vascular endothelial growth factor receptor 3 (VEGFR-3) expressed as an immunoglobulin G1 (IgG1) Fc-fusion protein. It binds and neutralizes the activity of VEGF-C and VEGF-D on their endogenous receptors, VEGFR-2 and VEGFR-3. VEGF-C and VEGF-D are known to independently stimulate retinal angiogenesis and vascular leakage and permeability, while VEGF-A inhibition can also lead to the upregulation of VEGF-C and VEGF-D. Research shows that the targeted inhibition of VEGF-C and VEGF-D with sozinibercept can prevent blood vessel growth and vascular leakage, which both contribute to the pathophysiology of retinal diseases, including wet AMD.
About Opthea’s Clinical Development Program
In Opthea’s prospective, randomized and controlled Phase 2b trial including 366 treatment-naïve wet AMD patients, sozinibercept was administered in combination with standard-of-care ranibizumab for the treatment of wet AMD. Sozinibercept combination therapy met the pre-specified primary efficacy endpoint of a statistically superior gain in visual acuity at 24 weeks, compared to ranibizumab alone. In addition, secondary outcomes were positive with the combination therapy, including more patients gaining vision of 10 or more letters, improved anatomy, with a reduction in swelling and vascular leakage, and a favorable safety profile. These statistically significant results were published in Ophthalmology in February 2023.
The Company is currently conducting two concurrent pivotal Phase 3 multicenter, double-masked, randomized, sham-controlled clinical trials, COAST (Combination OPT-302 with Aflibercept Study) and ShORe (Study of OPT-302 in combination with Ranibizumab), designed to assess the safety and superior efficacy of sozinibercept combination therapy versus standard-of-care anti-VEGF-A for the treatment of wet AMD. Opthea’s Phase 3 clinical trial program is designed to support a broad label and, if successful, sozinibercept has the potential to be approved for use in combination with any anti-VEGF-A for the treatment of all wet AMD patients. Sozinibercept has received Fast Track Designation from the U.S. FDA for the treatment of wet AMD. To learn more about Opthea’s Phase 3 clinical trial program, please visit ClinicalTrials.gov for COAST, NCT04757636, and ShORe, NCT04757610.
About Opthea
Opthea (ASX/NASDAQ:OPT) is a biopharmaceutical company developing novel therapies to address the unmet need in the treatment of highly prevalent and progressive retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME).
Opthea’s lead product candidate, sozinibercept, is being evaluated in two pivotal Phase 3 clinical trials (COAST, NCT04757636, and ShORe, NCT04757610) for use in combination with standard-of-care anti-VEGF-A monotherapies to improve overall efficacy and deliver superior vision gains compared to standard-of-care anti-VEGF-A agents. To learn more, visit our website and follow us on X and LinkedIn.
Inherent risks of Investment in Biotechnology Companies
There are a number of inherent risks associated with the development of pharmaceutical products to a marketable stage. The lengthy clinical trial process is designed to assess the safety and efficacy of a drug prior to commercialization and a significant proportion of drugs fail one or both of these criteria. Other risks include uncertainty of patent protection and proprietary rights, whether patent applications and issued patents will offer adequate protection to enable product development, the obtaining of necessary drug regulatory authority approvals and difficulties caused by the rapid advancements in technology. Companies such as Opthea are dependent on the success of their research and development projects and on the ability to attract funding to support these activities. Investment in research and development projects cannot be assessed on the same fundamentals as trading and manufacturing enterprises. Therefore, investment in companies specializing in drug development must be regarded as highly speculative. Opthea strongly recommends that professional investment advice be sought prior to such investments.
Forward-looking Statements
This ASX announcement contains certain forward-looking statements, including within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “expect”, “believe,” “should”, “could”, “may”, “will”, “plan” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements in this ASX announcement include statements regarding expectations on the outcomes of Opthea’s Phase 3 clinical trials of sozinibercept, the potential for sozinibercept as a combination therapy to be the first therapy to achieve superior visual outcomes over anti-VEGF-A monotherapy and improve vision outcomes for patients with wet AMD, the top-line data for Opthea’s Phase 3 clinical trials of sozinibercept, the market opportunity for sozinibercept, and the future performance of Opthea. Forward-looking statements, opinions and estimates provided in this ASX announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current conditions. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. They involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Opthea and its directors and management and may involve significant elements of subjective judgment and assumptions as to future events that may or may not be correct. These statements may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to future capital requirements, the development, testing, production, marketing and sale of drug treatments, regulatory risk and potential loss of regulatory approvals, ongoing clinical studies to demonstrate sozinibercept safety, tolerability and therapeutic efficacy, additional analysis of data from Opthea’s Phase 3 clinical trials, clinical research organization and labor costs, intellectual property protections, and other factors that are of a general nature which may affect the future operating and financial performance of the Company including risk factors set forth in Opthea’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 28, 2023, Opthea’s 2024 Half Year Report included as an exhibit to the Form 6-K filed with the SEC on February 29, 2024, and other future filings with the SEC. Actual results, performance or achievement may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Subject to any continuing obligations under applicable law or any relevant ASX listing rules, Opthea disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this ASX announcement to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based, except as otherwise required by applicable law.
Authorized for release to ASX by Frederic Guerard, CEO
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Source: Opthea Limited
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