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PTC Therapeutics Announces Topline Results of CardinALS Trial of Utreloxastat in ALS Patients

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PTC Therapeutics announced that its global Phase 2 placebo-controlled CardinALS study for utreloxastat in ALS patients failed to meet its primary and secondary efficacy endpoints. While the study showed a modest numerical benefit on the primary endpoint and correlation with lowering plasma neurofilament light chain (NfL), statistical significance was not achieved (p= 0.52). The drug was safe and well-tolerated, but due to lack of efficacy and biomarker signal, further development has been discontinued.

PTC Therapeutics ha annunciato che il suo studio globale di fase 2 controllato con placebo, CardinALS, per l'utreloxastat nei pazienti affetti da SLA non ha raggiunto i suoi obiettivi di efficacia primari e secondari. Sebbene lo studio abbia mostrato un modesto beneficio numerico sul risultato primario e una correlazione con la riduzione della catena leggera della neurofilamenta plasmica (NfL), non è stata raggiunta significatività statistica (p= 0.52). Il farmaco si è dimostrato sicuro e ben tollerato, ma a causa della mancanza di efficacia e del segnale biomarcatore, lo sviluppo ulteriore è stato interrotto.

PTC Therapeutics anunció que su estudio global de fase 2 controlado con placebo, CardinALS, para el utreloxastat en pacientes con ELA no cumplió con sus objetivos primarios y secundarios de eficacia. Aunque el estudio mostró un beneficio numérico modesto en el objetivo primario y una correlación con la reducción de la cadena ligera de neurofilamentos en plasma (NfL), no se alcanzó significación estadística (p= 0.52). El medicamento fue seguro y bien tolerado, pero debido a la falta de eficacia y señal de biomarcador, se ha interrumpido su desarrollo.

PTC Therapeutics는 ALS 환자를 위한 utreloxastat의 글로벌 2상 위약 대조 CardinALS 연구가 주요 및 보조 유효성 목표를 달성하지 못했다고 발표했습니다. 연구는 주요 목표에 대해 미미한 수치적 이점을 나타내고 혈장 신경섬유 경량 체인(NfL)의 감소와 상관관계가 있었지만, 통계적 유의성(p= 0.52)은 달성되지 않았습니다. 이 약물은 안전하고 잘 견딜 수 있었지만, 유효성과 바이오마커 신호의 부족으로 인해 추가 개발이 중단되었습니다.

PTC Therapeutics a annoncé que son étude mondiale de phase 2 contrôlée par placebo, CardinALS, pour l'utreloxastat chez les patients atteints de SLA n'a pas atteint ses objectifs d'efficacité primaires et secondaires. Bien que l'étude ait montré un modeste bénéfice numérique sur l'objectif principal et une corrélation avec la réduction de la chaîne légère de neurofilaments plasmatiques (NfL), la signification statistique n'a pas été atteinte (p= 0.52). Le médicament était sûr et bien toléré, mais en raison du manque d'efficacité et du signal biomarqueur, le développement a été interrompu.

PTC Therapeutics gab bekannt, dass die globale Phase-2-Studie CardinALS für Utreloxastat bei ALS-Patienten, die placebo-kontrolliert war, ihre primären und sekundären Wirksamkeitsendpunkte nicht erreicht hat. Während die Studie einen bescheidenen numerischen Vorteil beim primären Endpunkt zeigte und eine Korrelation mit der Senkung der plasmakompatiblen Neurofilament-Leichtkette (NfL) aufwies, wurde keine statistische Signifikanz erreicht (p= 0.52). Das Medikament war sicher und gut verträglich, aber aufgrund des Mangels an Wirksamkeit und Biomarkern wurde die weitere Entwicklung eingestellt.

Positive
  • Drug demonstrated safety and good tolerability in trial patients
Negative
  • Failed to meet primary endpoint of slowing disease progression
  • Failed to achieve statistical significance on secondary efficacy endpoints
  • Development program discontinued due to lack of efficacy
  • Investment in trial development and resources resulted in unsuccessful outcome

Insights

The failure of PTC Therapeutics' CardinALS Phase 2 trial represents a significant setback in the ALS therapeutic landscape. The trial's inability to meet both primary and secondary endpoints, despite showing a modest numerical benefit and correlation with NfL biomarker reduction, highlights the challenging nature of developing effective ALS treatments. The p-value of 0.52 indicates the results were far from statistical significance, which typically requires p<0.05.

This outcome has immediate implications for PTC's pipeline and resource allocation, as the company has decided to discontinue further development of utreloxastat. The termination of this program will likely lead to cost savings but also removes a potential revenue stream. For ALS patients, this represents another disappointing outcome in the search for effective treatments in a disease area with significant unmet medical needs.

This negative trial outcome will likely impact PTC Therapeutics' market position and near-term prospects. With a market cap of $3.27 billion, the company's decision to discontinue utreloxastat's development will affect its pipeline diversity and potential future revenue streams. While the termination will reduce R&D expenses, investors typically view failed late-stage trials negatively, as they represent significant sunk costs without return potential. The company will need to rely more heavily on its existing commercial products and other pipeline candidates to maintain growth momentum. Expect increased scrutiny of PTC's remaining pipeline and potential share price volatility as the market digests this development setback.

- Study failed to meet primary and secondary efficacy endpoints -

WARREN, N.J., Nov. 26, 2024 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) today announced that the global Phase 2 placebo-controlled CardinALS study did not meet its primary endpoint of slowing disease progression on the composite ALSFRS-R and mortality analysis. While there was modest numerical benefit recorded on the primary endpoint and correlation of favorable clinical effect with lowering of plasma neurofilament light chain (NfL), a biomarker of neuronal damage, statistical significance was not achieved (p= 0.52). In addition, significance was not achieved on the secondary efficacy endpoints.

"We wish to thank all of the patients, their families and physicians who participated in the CardinALS trial," said Matthew B. Klein, M.D., Chief Executive Officer, PTC Therapeutics. "We are of course disappointed that we were not able to demonstrate treatment efficacy and provide a potential therapy that could address the significant unmet medical need of ALS patients."

Utreloxastat was demonstrated to be safe and well tolerated in the CardinALS trial. However, due to the lack of efficacy and biomarker signal, further development is not planned at this time.

About Amyotrophic Lateral Sclerosis (ALS)
Amyotrophic lateral sclerosis, sometimes referred to as ALS, motor neuron disease, or Lou Gehrig's disease, is a rare, progressive, and fatal neurodegenerative disease that affects motor neurons in the brain and spinal cord.1,2 ALS becomes life-threatening as people with this disease ultimately lose the ability to move, speak, eat, and breathe.1

About PTC Therapeutics, Inc.
PTC is a global biopharmaceutical company focused on the discovery, development and commercialization of clinically differentiated medicines that provide benefits to children and adults living with rare disorders. PTC's ability to innovate to identify new therapies and to globally commercialize products is the foundation that drives investment in a robust and diversified pipeline of transformative medicines. PTC's mission is to provide access to best-in-class treatments for patients who have little to no treatment options. PTC's strategy is to leverage its strong scientific and clinical expertise and global commercial infrastructure to bring therapies to patients. PTC believes this allows it to maximize value for all its stakeholders. To learn more about PTC, please visit us at www.ptcbio.com and follow us on Facebook, Instagram, LinkedIn and X.

For More Information: 

Investors:
Ellen Cavaleri
+1 (615) 618-6228
ecavaleri@ptcbio.com 

Media:
Jeanine Clemente
+1 (908) 912-9406
jclemente@ptcbio.com

Forward-Looking Statement:
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, other than statements of historic fact, are forward-looking statements, including statements with respect to the future expectations, plans and prospects for PTC, including with respect to future operations, future financial position, future revenues, projected costs; and the objectives of management. Other forward-looking statements may be identified by the words, "guidance", "plan," "anticipate," "believe," "estimate," "expect," "intend," "may," "target," "potential," "will," "would," "could," "should," "continue," and similar expressions.

PTC's actual results, performance or achievements could differ materially from those expressed or implied by forward -looking statements it makes as a result of a variety of risks and uncertainties, including those related to: the outcome of pricing, coverage and reimbursement negotiations with third party payors for PTC's products or product candidates that PTC commercializes or may commercialize in the future; significant business effects, including the effects of industry, market, economic, political or regulatory conditions; changes in tax and other laws, regulations, rates and policies; the eligible patient base and commercial potential of PTC's products and product candidates; PTC's scientific approach and general development progress; and the factors discussed in the "Risk Factors" section of PTC's most recent Annual Report on Form 10-K, as well as any updates to these risk factors filed from time to time in PTC's other filings with the SEC. You are urged to carefully consider all such factors.

As with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. There are no guarantees that any product will receive or maintain regulatory approval in any territory, or prove to be commercially successful.

The forward-looking statements contained herein represent PTC's views only as of the date of this press release and PTC does not undertake or plan to update or revise any such forward-looking statements to reflect actual results or changes in plans, prospects, assumptions, estimates or projections, or other circumstances occurring after the date of this press release except as required by law.

References:

[1] Kiernan MC, et al. Amyotrophic lateral sclerosis. The Lancet, 2011; 377(9769):942-955.

[2] Dhasmana S, et al. The panoramic view of amyotrophic lateral sclerosis: A fatal intricate neurological disorder, Life Sciences 2022;288:120156. https://doi.org/10.1016/j.lfs.2021.120156.

Cision View original content:https://www.prnewswire.com/news-releases/ptc-therapeutics-announces-topline-results-of-cardinals-trial-of-utreloxastat-in-als-patients-302316884.html

SOURCE PTC Therapeutics, Inc.

FAQ

What were the results of PTC Therapeutics' CardinALS trial for utreloxastat (PTCT)?

The Phase 2 CardinALS trial failed to meet its primary and secondary efficacy endpoints, with statistical significance not achieved (p=0.52) despite showing modest numerical benefit.

Will PTC Therapeutics continue developing utreloxastat for ALS treatment (PTCT)?

No, PTC Therapeutics has announced that further development of utreloxastat is not planned due to lack of efficacy and biomarker signal in the CardinALS trial.

What was the safety profile of utreloxastat in the CardinALS trial (PTCT)?

Utreloxastat was demonstrated to be safe and well tolerated in the CardinALS trial, though this was not sufficient to continue development due to lack of efficacy.

PTC Therapeutics, Inc.

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