MyoKardia Accelerates Timing for Mavacamten Topline Phase 3 Data

Date : 07/18/2019 @ 1:29PM
Source : Dow Jones News
Stock : Sanofi (SNY)
Quote : 49.79  0.28 (0.57%) @ 1:00AM
After Hours
Last Trade
Last $ 49.79 ◊ 0.00 (0.00%)

MyoKardia Accelerates Timing for Mavacamten Topline Phase 3 Data

MyoKardia (NASDAQ:MYOK)
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By Michael Dabaie

 

MyoKardia Inc. (MYOK) now anticipates reporting topline data from the EXPLORER-HCM trial in the second quarter of 2020, ahead of previous guidance of the second half of 2020.

Patient screening has closed for the Phase 3 EXPLORER-HCM study to assess mavacamten in treating patients with obstructive hypertrophic cardiomyopathy. Enrollment into the pivotal trial is expected to be completed by mid-August, MyoKardia said.

MyoKardia also said it re-acquired U.S. royalty rights to mavacamten and MYK-224 from Sanofi S.A. (SNY, SAN.FR). As consideration for the buyback of the U.S. royalty rights to these programs, MyoKardia is paying Sanofi $50 million upfront, with an additional $30 million payable by June 30, 2020.

MyoKardia shares were up 0.4% premarket to $50.00.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

July 18, 2019 09:14 ET (13:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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