Second Trial of New Eczema Drug To Commence in Q4/22
September 19, 2022 (Investorideas.com Newswire) The purpose behind this complementary study is to potentially expand the treatment’s target patient population, noted an H.C. Wainwright & Co. report.
ASLAN Pharmaceuticals Ltd. (ASLN:NASDAQ), to complement its in-progress TREK-AD dose-ranging eblasakimab trial for moderate to severe atopic dermatitis (eczema), plans a second study, TREK-DX, in the subpopulation of patients previously treated or stopped treatment with dupilumab, reported H.C. Wainwright & Co. analyst Dr. Yi Chen in a September 15, 2022 research note.
ASLAN’s eblasakimab is a monoclonal antibody targeting the IL-13 receptor.
“Eblasakimab’s differentiated mechanism of action has the potential to lead to different clinical outcomes in dupilumab-experienced patients, thus expanding the biologic’s target patient population and potentially making it the preferred treatment for moderate to severe atopic dermatitis,” Chen wrote.
Enrollment for TREK-DX, or TRials in EblasaKimab in Dupilumab eXperienced AD patients, is slated to start in Q4/22, and topline data from TREK-AD are expected in H1/23, noted Chen, who summarized both trial designs.
Yet to start, TREK-DX will involve 75 patients enrolled at multiple sites throughout North America. The trial will be randomized, double-blind, and placebo controlled. Treatment will span 16 weeks with a 12-week follow-up period afterward.
As for the global TREK-AD dose-ranging study, patient screening is underway. The trial calls for 300 adults with moderate to severe atopic dermatitis to be enrolled at 100 sites. Patients will be randomized equally to these treatment arms: placebo, 300 milligrams (300 mg) and 400 mg every two weeks, and 400 mg and 600 mg every four weeks.
Primary and secondary endpoints are the same for both TREK trials. The primary endpoint is the percentage change in patients’ eczema area severity index (EASI) score from baseline to Week 16.
Secondary endpoints include the proportion of patients achieving an investigator assessment score of 0 clear or 1 almost clear; the proportion of patients, each with a minimum 50%, 75%, and 90% reduction in EASI; and the change in peak pruritus.
“In our view, eblasakimab has the potential to show a greater magnitude of efficacy with prolonged treatment,” Chen wrote.
H.C. Wainwright has a Buy rating and a $1.40 per share target price on ASLAN, the current share price of which is about $0.78 per share.
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Disclosures For H.C. Wainwright & Co., ASLAN Pharmaceuticals Ltd., September 15, 2022
H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer.
I, Yi Chen, Ph.D. CFA and Raghuram Selvaraju, Ph.D. , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies.
None of the research analysts or the research analyst’s household has a financial interest in the securities of ASLAN Pharmaceuticals Limited (including, without limitation, any option, right, warrant, future, long or short position). As of August 31, 2022 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of ASLAN Pharmaceuticals Limited.
Neither the research analyst nor the Firm knows or has reason to know of any other material conflict of interest at the time of publication of this research report. The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services.
The firm or its affiliates received compensation from ASLAN Pharmaceuticals Limited for non-investment banking services in the previous 12 months. The Firm or its affiliates did not receive compensation from ASLAN Pharmaceuticals Limited for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report. The Firm does not make a market in ASLAN Pharmaceuticals Limited as of the date of this research report.
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