Verona Pharma plc Verona Pharma Initiates Additional Phase 2b Clinical Trial With Nebulized Ensifentrine To Inform Dose Selec...
May 07 2019 - 2:01AM
UK Regulatory
TIDMVRP
LONDON, May 07, 2019 (GLOBE NEWSWIRE) -- Verona Pharma plc (AIM: VRP)
(Nasdaq: VRNA) ("Verona Pharma"), a clinical-stage biopharmaceutical
company focused on respiratory diseases, announces the initiation of a
Phase 2b dose-ranging study evaluating nebulized ensifentrine (RPL554)
added on to a long acting bronchodilator in patients with
moderate-to-severe chronic obstructive pulmonary disease ("COPD"). The
Company anticipates reporting data around year end and commencing Phase
3 clinical trials for this indication in 2020.
Ensifentrine is a first-in-class, inhaled, dual inhibitor of the enzymes
phosphodiesterase 3 and 4 that has been shown to act both as a
bronchodilator and anti-inflammatory agent in a single compound.
Jan-Anders Karlsson, PhD, CEO of Verona Pharma, said: "In addition to
further evaluating the potential of nebulized ensifentrine as a
first-in-class therapy in symptomatic COPD patients already receiving a
long-acting bronchodilator, this study is an important step towards
optimizing the clinical profile of ensifentrine for the planned
End-of-Phase 2 meeting with the FDA in the first half of 2020. The study
is also expected to further inform the Phase 3 clinical development
program for ensifentrine in terms of dose selection, patient population,
background therapy and clinical endpoints."
The four-week, randomized, double-blind, dose-ranging Phase 2b trial
plans to enroll about 400 patients with moderate-to-severe COPD to
evaluate the safety and efficacy of nebulized ensifentrine when added on
to inhaled tiotropium, a long-acting anti-muscarinic ("LAMA") commonly
used to treat COPD. Patients will receive twice-a-day dosing for 28 days
of nebulized ensifentrine at four dosage levels: 0.375 mg, 0.75 mg, 1.5
mg and 3.0 mg. The trial is being performed at approximately 50 sites in
the US.
The primary endpoint of the trial is improvement in lung function with
ensifentrine after 4 weeks of treatment, as measured by peak forced
expiratory volume in one second ("FEV(1) "), a standard measure of lung
function. FEV(1) will be measured from 0 to 3 hours after dosing. Key
additional endpoints include measurements of respiratory symptoms and
quality of life measures via different patient-reported outcome tools.
In prior Phase 2 clinical studies in patients with moderate to severe
COPD, ensifentrine has shown significant and clinically meaningful
improvements in both lung function and COPD symptoms, including
breathlessness. In addition, ensifentrine has further improved lung
function and reduced lung volumes in patients taking standard short- and
long-acting bronchodilator therapy, including maximum bronchodilator
treatment with dual/triple therapy. Ensifentrine has been well tolerated
in clinical trials involving more than 800 people to date.
In addition to advancing the nebulized formulation of ensifentrine
through Phase 2b clinical development, Verona Pharma has also developed
a dry powder inhaler ("DPI") and a pressurised metered dose inhaler
("pMDI") formulation of ensifentrine. In an ongoing Phase 2 clinical
trial, the DPI formulation demonstrated dose-dependent, significant
bronchodilation following a single dose, and is currently being
evaluated over one week of twice-daily treatment, with top-line data
expected in the third quarter this year. The pMDI formulation is planned
to enter clinical evaluation in a Phase 2 study in COPD patients later
this quarter.
About COPD
COPD is a progressive and life-threatening respiratory disease without a
cure. The World Health Organization estimates that it will become the
third leading cause of death worldwide by 2030. The condition damages
the airways and the lungs, leading to debilitating breathlessness that
has a devastating impact on performing basic daily activities such as
getting out of bed, showering, eating and walking. In the United States
alone, the 2010 total annual medical costs related to COPD were
estimated to be $32 billion and are projected to rise to $49 billion in
2020. About 800,000 US COPD patients on dual/triple inhaled therapy
(LAMA/LABA +/- ICS) remain uncontrolled, experiencing symptoms that
impair quality of life. These patients urgently need better treatments.
About Verona Pharma plc
Verona Pharma is a clinical-stage biopharmaceutical company focused on
developing and commercializing innovative therapies for the treatment of
respiratory diseases with significant unmet medical needs. Verona
Pharma's product candidate, ensifentrine (RPL554), is a first-in-class,
inhaled, dual inhibitor of the enzymes phosphodiesterase 3 and 4 that
has been shown to act as both a bronchodilator and an anti-inflammatory
agent in a single compound. Ensifentrine is currently in Phase 2b
clinical development for the maintenance treatment of COPD and is
planned to enter Phase 3 trials for this indication in 2020. Verona
Pharma may also develop ensifentrine for the treatment of cystic
fibrosis and asthma.
Forward-Looking Statements
This press release contains forward-looking statements. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, but not limited to, statements regarding the design of the
Phase 2b clinical trial of ensifentrine, the timing of availability of
data from the Phase 2b clinical trial, the importance of the Phase 2b
clinical trial to our planned end-of-phase 2 meeting with the FDA and
the development plans for ensifentrine, the timing of the end-of-phase
2 meeting with the FDA and the planned Phase 3 trials, the value of the
data and insights that may be gathered from the Phase 2b clinical trial,
including for the purpose of designing pivotal Phase 3 trials, and the
potential of ensifentrine as a promising first-in-class treatment option
for COPD.
These forward-looking statements are based on management's current
expectations. These statements are neither promises nor guarantees, but
involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, performance or achievements
to be materially different from our expectations expressed or implied by
the forward-looking statements, including, but not limited to, the
following: our limited operating history; our need for additional
funding to complete development and commercialization of ensifentrine,
which may not be available and which may force us to delay, reduce or
eliminate our development or commercialization efforts; the reliance of
our business on the success of ensifentrine, our only product candidate
under development; economic, political, regulatory and other risks
involved with international operations; the lengthy and expensive
process of clinical drug development, which has an uncertain outcome;
serious adverse, undesirable or unacceptable side effects associated
with ensifentrine, which could adversely affect our ability to develop
or commercialize ensifentrine; potential delays in enrolling patients,
which could adversely affect our research and development efforts and
the completion of our Phase 2b trial; we may not be successful in
developing ensifentrine for multiple indications; our ability to obtain
approval for and commercialize ensifentrine in multiple major
pharmaceutical markets; misconduct or other improper activities by our
employees, consultants, principal investigators, and third-party service
providers; material differences between our "top-line" data and final
data; our reliance on third parties, including clinical investigators,
manufacturers and suppliers, and the risks related to these parties'
ability to successfully develop and commercialize ensifentrine; and
lawsuits related to patents covering ensifentrine and the potential for
our patents to be found invalid or unenforceable. These and other
important factors under the caption "Risk Factors" in our Annual Report
on Form 20-F filed with the Securities and Exchange Commission ("SEC")
on March 19, 2019, and our other reports filed with the SEC, could cause
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management's estimates as of the
date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim any
obligation to do so, even if subsequent events cause our views to
change. These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of this
press release.
For further information, please contact:
Verona Pharma plc Tel: +44 (0)20 3283 4200
Jan-Anders Karlsson, Chief Executive Officer info@veronapharma.com
Victoria Stewart, Director of Communications
N+1 Singer Tel: +44 (0)20 3283 4200
(Nominated Adviser and UK Broker)
Aubrey Powell /Jen Boorer /Iqra Amin (Corporate
Finance) Mia Gardener (Corporate Broking)
Optimum Strategic Communications Tel: +44 (0) 203 922 0891
(European Media and Investor enquiries) verona@optimumcomms.com
Mary Clark, Anne Marieke Ezendam, Hollie Vile
Westwicke, an ICR Company
(US Media and Investor enquiries)
Darcie Robinson Tel: +1 203-919-7905
Darcie.Robinson@icrinc.com
Stephanie Carrington Tel. +1 646-277-1282
Stephanie.Carrington@icrinc.com
(END) Dow Jones Newswires
May 07, 2019 02:01 ET (06:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Verona Pharma (LSE:VRP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Verona Pharma (LSE:VRP)
Historical Stock Chart
From Jul 2023 to Jul 2024