Phase IIb data show meaningful hair regrowth in severe alopecia areata with a favorable safety profile. In Part B, mean SALT reduction at Week 36 was 35.3%, with 40% SALT-20 and 44% SALT-30/50 responses, including severe and very severe cases. The extension study supports maintenance dosing, and the company targets a registration-directed program in 1H 2027, prompting a sharp premarket rally.
QTTB shares surged 171% to $5.91 after significant deal. QTTB sold ADX-097 for $12 million plus up to $592 million. U.S. stocks fell broadly; only energy sectors rose slightly. S&P Global manufacturing PMI revised higher, but still lower than October. Negative market sentiment may impact stocks in the short-term.
Q32 Bio sold ADX-097 to Akebia Therapeutics for $12 million. The deal could yield up to $592 million in future milestones. Q32 Bio stocks surged by 115.07% following the announcement. ADX-097 is aimed at treating various diseases linked to C3d deposition. Cash reserves expected to fund operations through late 2027.
Q32 Bio's bempikibart failed primary endpoint in alopecia trial. Post-hoc analysis showed promising hair regrowth results. No serious adverse events were reported in the trial. Company plans to expand trial with more patient enrollment. Focus shifts from ANCA-AAV to alopecia and atopic dermatitis trials.