Reata Pharmaceuticals Announces Presentations at the International Congress for Ataxia Research 2022

Rhea-AI Summary

Reata Pharmaceuticals (NASDAQ: RETA) is set to present significant clinical data on its investigational drug, omaveloxolone, at the International Congress for Ataxia Research from November 1-4, 2022, in Dallas, Texas. Key presentations include an oral discussion led by Dr. David Lynch on the use of natural history data in analyzing clinical trials and multiple poster sessions detailing efficacy and disease burden in Friedreich’s ataxia. The company emphasizes the current lack of approved therapies for this debilitating condition affecting around 5,000 patients in the U.S.

Positive

• Presentation of omaveloxolone clinical data at a reputable international conference.
• Highlights the unmet medical need for Friedreich’s ataxia, potentially increasing interest in the drug.
• FDA granted Orphan Drug, Fast Track, and Rare Pediatric Disease Designations to omaveloxolone.

Negative

• Currently, no approved therapies for Friedreich’s ataxia, indicating ongoing challenges in treatment development.

PLANO, Texas--(BUSINESS WIRE)-- Reata Pharmaceuticals, Inc. (Nasdaq: RETA) (“Reata,” the “Company,” or “we”), a clinical-stage biopharmaceutical company, today announced that abstracts highlighting clinical data for omaveloxolone and disease education data on Friedreich’s ataxia will be presented at the International Congress for Ataxia Research 2022 (“ICAR”) being held in Dallas, TX from November 1 – 4, 2022.

The abstracts for the oral and poster presentations are listed below and will be available on the conference website at International Congress for Ataxia Research (ataxiacongress.org).

Oral Presentation:

Abstract Title: Direct utility of natural history data in analysis of clinical trials: Propensity match-based analysis of Omaveloxolone in Friedreich’s ataxia using the FA-COMS dataset

Presenter: David Lynch, MD, PhD, Director, Friedreich's Ataxia Program, Division of Neurology, Children’s Hospital of Philadelphia, Philadelphia, PA Date/Time: November 4, 2022, Late-Breaking Research Session 9:00 AM, Presentation at 9:40 AM

Poster Presentations:

Abstract Title: Efficacy of Omaveloxolone in Patients with Friedreich’s Ataxia: Delayed-Start Analysis

Presenter: David Lynch, MD, PhD, Director, Friedreich's Ataxia Program, Division of Neurology, Children’s Hospital of Philadelphia, Philadelphia, PA Date/Time: November 2 and 3, 2022, from 12:00 PM – 2:00 PM

Abstract Title: Disease Burden in Patients with Friedreich’s Ataxia in the US: Real World Evidence (RWE) Retrospective Claims Analysis

Presenter: Christene Song, Senior Director, Medical & Clinical Strategy, Reata Date/Time: November 2 and 3, 2022, from 12:00 PM – 2:00 PM

About Friedreich's Ataxia

Friedreich’s ataxia is a rare, genetic, life-shortening, debilitating, and degenerative neuromuscular disorder typically caused by a trinucleotide repeat expansion in the first intron of the frataxin gene, which encodes the mitochondrial protein frataxin. Pathogenic repeat expansions can lead to impaired transcription and reduced frataxin expression, which can result in mitochondrial iron overload and poor cellular iron regulation, increased sensitivity to oxidative stress, and impaired mitochondrial ATP production. Patients with Friedreich’s ataxia typically experience symptoms in childhood, including progressive loss of coordination, muscle weakness, and fatigue that commonly results in motor incapacitation with patients requiring a wheelchair in their 20s. Patients with Friedreich’s ataxia may also experience visual impairment, hearing loss, diabetes, and cardiomyopathy. On average, patients with Friedreich’s ataxia die in the mid-thirties. Based on literature and proprietary research, we believe Friedreich’s ataxia affects approximately 5,000 children and adults in the United States and 22,000 individuals globally. There are an estimated 4,000 patients diagnosed with Friedreich’s ataxia in the United States. Currently, there are no approved therapies for the treatment of Friedreich’s ataxia.

About Omaveloxolone

Omaveloxolone is an investigational, oral, once-daily activator of Nrf2, a transcription factor that induces molecular pathways that promote the resolution of inflammation by restoring mitochondrial function, reducing oxidative stress, and inhibiting pro-inflammatory signaling. The FDA has granted Orphan Drug, Fast Track, and Rare Pediatric Disease Designations to omaveloxolone for the treatment of Friedreich’s ataxia. The European Commission has granted Orphan Drug designation in Europe to omaveloxolone for the treatment of Friedreich’s ataxia. A New Drug Application for omaveloxolone for the treatment of Friedreich’s ataxia is currently under review by the U.S. Food and Drug Administration.

About Reata

Reata is a clinical-stage biopharmaceutical company that develops novel therapeutics for patients with serious or life-threatening diseases by targeting molecular pathways involved in the regulation of cellular metabolism and inflammation. Reata’s two most advanced clinical candidates, omaveloxolone and bardoxolone methyl (“bardoxolone”), target the important transcription factor Nrf2 that promotes the resolution of inflammation by restoring mitochondrial function, reducing oxidative stress, and inhibiting pro-inflammatory signaling. Omaveloxolone and bardoxolone are investigational drugs, and their safety and efficacy have not been established by any agency.

Forward-Looking Statements

This press release includes certain disclosures that contain “forward-looking statements,” including, without limitation, statements regarding the success, cost and timing of our product development activities and clinical trials, our plans to research, develop, and commercialize our product candidates, our plans to submit regulatory filings, and our ability to obtain and retain regulatory approval of our product candidates. You can identify forward-looking statements because they contain words such as “believes,” “will,” “may,” “aims,” “plans,” “model,” and “expects.” Forward-looking statements are based on Reata’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, (i) the timing, costs, conduct, and outcome of our clinical trials and future preclinical studies and clinical trials, including the timing of the initiation and availability of data from such trials; (ii) the timing and likelihood of regulatory filings and approvals for our product candidates; (iii) whether regulatory authorities determine that additional trials or data are necessary in order to obtain approval; (iv) the potential market size and the size of the patient populations for our product candidates, if approved for commercial use, and the market opportunities for our product candidates; and (v) other factors set forth in Reata’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, under the caption “Risk Factors.” The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019005855/en/

Reata Pharmaceuticals, Inc.

(972) 865-2219

https://www.reatapharma.com/

Investor Relations & Media Relations:

John Hunter ir@reatapharma.com

Wendy Segal media@reatapharma.com

https://www.reatapharma.com/contact-us/

Source: Reata Pharmaceuticals, Inc.

FAQ

What is Reata Pharmaceuticals presenting at the International Congress for Ataxia Research?

Reata Pharmaceuticals is presenting clinical data on omaveloxolone and disease education data on Friedreich’s ataxia.

When is the International Congress for Ataxia Research taking place?

The congress is being held from November 1-4, 2022, in Dallas, Texas.

How many patients in the U.S. are affected by Friedreich’s ataxia?

Approximately 5,000 children and adults are affected by Friedreich’s ataxia in the U.S.

What designations has omaveloxolone received from the FDA?

Omaveloxolone has received Orphan Drug, Fast Track, and Rare Pediatric Disease Designations from the FDA.

What is the significance of the findings being presented about omaveloxolone?

The findings may demonstrate the efficacy of omaveloxolone in treating Friedreich’s ataxia, highlighting its potential as a therapeutic option.