Rocket Pharmaceu Stock Price, News & Analysis

Rocket Pharmaceuticals (NASDAQ: RCKT) has received FDA clearance for its Investigational New Drug (IND) application for RP-A701, a novel gene therapy candidate targeting BAG3-associated Dilated Cardiomyopathy (BAG3-DCM). This marks the company's third clinical-stage gene therapy candidate in its AAV cardiovascular portfolio.

The upcoming Phase 1 clinical trial will be a multi-center, dose-escalation study evaluating RP-A701's safety, biological activity, and preliminary efficacy in adult patients with BAG3-DCM. The trial will focus on adults with implantable cardioverter defibrillators (ICDs) and advanced disease who are at high risk for heart failure progression and cardiac death.

BAG3-DCM is characterized as a rare, inherited heart condition caused by BAG3 gene mutations, resulting in early-onset, progressive heart failure with high morbidity and premature mortality. The study will assess BAG3 protein expression, changes in cardiac biomarkers, and clinical predictors of disease progression.

Rocket Pharmaceuticals (NASDAQ: RCKT) announced a significant setback in its Phase 2 pivotal trial of RP-A501, its gene therapy for Danon disease. A patient experienced a serious adverse event (SAE) involving capillary leak syndrome and subsequently passed away due to an acute systemic infection. The FDA has placed a clinical hold on the trial as of May 23, 2025, following Rocket's voluntary pause in dosing. The company is conducting a root cause analysis, focusing on a recently introduced novel immune suppression agent in the pre-treatment regimen. The trial was designed to evaluate 12 patients, including a pediatric safety run-in, with a dose level of 6.7 x 1013 GC/kg. As of March 31, 2025, Rocket had $318.2 million in cash and investments, expecting to fund operations into 2027.

Rocket Pharmaceuticals (NASDAQ: RCKT) presented promising preliminary data from its Phase 1 clinical trial of RP-A601 for PKP2 Arrhythmogenic Cardiomyopathy. The trial showed positive results in all three patients with up to 12 months follow-up at a dose of 8.0E13 GC/kg. Key findings include:

- Well-tolerated safety profile with no dose-limiting toxicities - Increased PKP2 protein expression (110% and 398% improvements in two patients) - Enhanced protein expression and desmosomal localization of key proteins - Improved/stabilized heart function and reduced arrhythmia burden - Quality of life improvements with KCCQ-12 score increases of 34-41 points - PVC reductions of 9% to 63% from baseline - Improved NYHA class from Class II to Class I in patients followed beyond six months

This marks Rocket's second successful gene therapy from their AAV cardiovascular portfolio, advancing their mission to develop curative treatments for rare heart conditions.

Rocket Pharmaceuticals (NASDAQ: RCKT) has announced that data from its Phase 1 clinical trial of RP-A601, a gene therapy treatment for plakophilin-2 related arrhythmogenic cardiomyopathy (PKP2-ACM), will be presented at the American Society of Gene and Cell Therapy (ASGCT) Annual Meeting in New Orleans. The presentation, titled "Preliminary Data from a Phase I Gene Therapy Trial of RP-A601 (AAVrh.74-PKP2a) for Adult Patients with PKP2-ACM," will be delivered by Dr. Barry H. Greenberg on May 15, 2025. Following the presentation, Rocket will host an investor webinar at 4:30 p.m. ET to discuss the findings.

Rocket Pharmaceuticals (NASDAQ: RCKT) reported its Q1 2025 financial results and pipeline updates. The company ended Q1 with $318.2 million in cash and investments, providing runway into Q4 2026. Key pipeline developments include ongoing Phase 2 pivotal study of RP-A501 for Danon disease with updates expected mid-2025, anticipated initial Phase 1 data for RP-A601 in PKP2-ACM in May 2025, and planned IND submission for BAG3-DCM program mid-2025.

Financial highlights show R&D expenses decreased to $35.9 million from $45.2 million year-over-year, while G&A expenses increased to $28.4 million from $22.1 million. Net loss was $61.3 million ($0.56 per share). The company appointed Sarbani Chaudhuri as Chief Commercial & Medical Affairs Officer and continues regulatory progression for RP-L102 and KRESLADITM programs.

Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focused on genetic therapies for rare disorders, has announced its participation in the 24th Annual Needham Virtual Healthcare Conference.

The company's CEO, Gaurav Shah, M.D., will engage in a fireside chat scheduled for 8:45 a.m. ET on Tuesday, April 8, 2025. The presentation will be accessible via webcast on the company's Investors section website, with replay availability for approximately 30 days after the event.

Rocket Pharmaceuticals (NASDAQ: RCKT) reported its Q4 and full-year 2024 financial results, highlighting significant progress in its gene therapy pipeline. The company's cash position stands at $372.3 million, providing runway into Q3 2026.

Key developments include ongoing dosing in the Phase 2 pivotal study of RP-A501 for Danon disease, with program updates expected in H1 2025. Long-term data from the Phase 1 study showed sustained efficacy up to five years. The company completed enrollment in the low-dose cohort of RP-A601 for PKP2-ACM, with initial data expected in H1 2025.

Financial results show R&D expenses decreased to $171.2 million from $186.3 million in 2023, while G&A expenses increased to $102.0 million from $73.3 million. Net loss was $258.7 million ($2.73 per share) compared to $245.6 million ($2.92 per share) in 2023. The company raised $182.5 million through a public offering in December 2024.

Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focused on genetic therapies for rare disorders, has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco. Gaurav Shah, M.D., the company's CEO, will deliver a presentation on Monday, January 13, at 3:45 p.m. PT and will be available for investor meetings throughout the conference.

The presentation will be accessible via webcast and will be made available on the company's website in the Investors section. Rocket Pharmaceuticals specializes in developing sustainable pipeline solutions for rare disorders with high unmet medical needs.

Rocket Pharmaceuticals (NASDAQ: RCKT) has announced the pricing of an upsized public offering of 13,200,000 shares of common stock at $12.50 per share. The offering is expected to generate gross proceeds of $165 million before deducting underwriting costs and expenses. The company has granted underwriters a 30-day option to purchase up to an additional 1,980,000 shares. The offering is anticipated to close around December 12, 2024. Morgan Stanley, Leerink Partners, and Cantor are serving as joint book-running managers, with LifeSci Capital acting as lead manager.