Acelyrin, Inc. (SLRN) has announced upcoming data from its Phase 2 trial of subcutaneous Lonigutamab, an injectable treatment for Thyroid Eye Disease (TED), sending its stock soaring. The company plans to present the data at a virtual investor event, highlighting the drug's potential for best-in-class efficacy and safety. The event will also feature the unveiling of the Phase 3 program design, which follows a successful End-of-Phase 2 meeting with the Food and Drug Administration (FDA).
Lonigutamab Phase 2 Data and Phase 3 Program Design
The virtual investor event will feature presentations from Acelyrin CEO Mina Kim, Chief Medical Officer Dr. Shep Mpofu, and Chief Commercial Officer Ken Lock. They will be joined by Drs. Andrea Kossler of Stanford University School of Medicine and Prem Subramanian of the University of Colorado School of Medicine, both members of Acelyrin’s Scientific and Patient Advisory Boards. The focus will be on the Phase 2 data supporting Lonigutamab's efficacy and safety profile, as well as the design of the Phase 3 program aimed at further evaluating the drug's potential in treating TED.
Market Reaction and Investor Interest
The announcement has generated significant interest in Acelyrin, with shares trading 14.6% higher, reaching $3.78. Investors are keenly awaiting the detailed data and Phase 3 design, anticipating that Lonigutamab could address unmet needs in TED treatment. The company's progress has been closely watched, especially after the successful discussions with the FDA regarding the Phase 3 program.
Thyroid Eye Disease Treatment Landscape
Thyroid Eye Disease is an autoimmune condition where the immune system attacks the tissues around the eyes, causing inflammation, swelling, and potential vision problems. Current treatments aim to manage symptoms and reduce inflammation, but there remains a need for more effective and targeted therapies. Lonigutamab represents a promising candidate in this space, with its Phase 2 data suggesting a favorable efficacy and safety profile.