Scilex Pharmaceuticals, a subsidiary of Scilex Holding Company, has announced a successful end-of-Phase II meeting with the FDA regarding its investigational drug, SP-103 (lidocaine topical system) 5.4%. This agreement paves the way for a New Drug Application (NDA) submission upon completion of Phase III trials. SP-103 is a next-generation, triple-strength formulation of ZTlido, designed for the treatment of chronic neck pain associated with muscle spasms.
The U.S. market for low back and neck pain treatments is substantial, estimated to reach $134.5 billion. Independent market research by Syneos Health Consulting projects peak sales potential for SP-103 at $1.2 billion annually within six years of launch.
Clinical and Commercial Strategy
Dmitri Lissin, M.D., Chief Medical Officer of Scilex, stated, "We are very pleased with the end of Phase II meeting and received a clear path forward to NDA for our blockbuster product candidate, SP-103... We are looking forward to conducting Phase 3 trials and believe that Scilex is the only company with technology allowing much higher lidocaine concentration than any other topical lidocaine system treatments. Higher concentration of a drug per covered area of skin is important for achieving therapeutic response”.
SP-103: A Next-Generation Topical Analgesic
SP-103 represents an advancement in topical pain relief, leveraging a higher concentration of lidocaine compared to existing formulations. This increased strength aims to enhance therapeutic efficacy in patients with chronic neck pain and muscle spasms. Scilex believes its technology uniquely enables this higher concentration, potentially offering a significant advantage over other topical lidocaine treatments.
Scilex's Existing Portfolio
Scilex currently markets three FDA-approved products:
- ZTlido® (lidocaine topical system) 1.8%: Indicated for the relief of neuropathic pain associated with postherpetic neuralgia.
- ELYXYB®: An oral solution for the acute treatment of migraine, with or without aura, in adults.
- Gloperba®: A liquid oral version of colchicine for the prophylaxis of painful gout flares in adults.
Market Opportunity
Scilex is strategically targeting large markets with unmet needs. The company estimates the U.S. oral migraine drug market size at $1.8 billion in 2022 and the gout treatment market is projected to reach $2.0 billion in the U.S. by 2028. The Canadian migraine therapeutics market is estimated to reach approximately $400 million by 2025.