Form 8-K Aimmune Therapeutics, For: Feb 20
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 20, 2018
AIMMUNE THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-37519 | 45-2748244 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
8000 Marina Blvd, Suite 300
Brisbane, CA 94005
(Address of principal executive offices, including Zip Code)
Registrants telephone number, including area code: (650) 614-5220
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events |
On February 20, 2018, Aimmune Therapeutics, Inc., a Delaware corporation, issued a press release announcing top-line results from its pivotal Phase 3 PALISADE trial of AR101 for peanut allergy and presented related information set forth in the presentation slides attached hereto as Exhibit 99.2 at various investor meetings. The full text of the press release is filed as Exhibit 99.1 hereto and a copy of the presentation is filed as Exhibit 99.2, each of which is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. |
Description | |
| 99.1 | Press Release dated as of February 20, 2018. | |
| 99.2 | Company Presentation dated as of February 20, 2018. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AIMMUNE THERAPEUTICS, INC. | ||||||
| Date: February 20, 2018 | By: | /s/ Douglas T. Sheehy | ||||
| Douglas T. Sheehy General Counsel & Corporate Secretary | ||||||
Exhibit 99.1
|
Page 1 of 7 |
Aimmune Therapeutics Pivotal Phase 3 PALISADE Trial of AR101 Meets Primary
Endpoint in Patients with Peanut Allergy
| | Landmark 554-patient Phase 3 study met the primary efficacy endpoint, as 67.2% of AR101 patients ages 417 tolerated at least a 600-mg dose of peanut protein in the exit food challenge, compared to 4.0% of placebo patients (p<0.00001) |
| | The lower-bound of the 95% confidence interval (CI) of the difference between treatment arms at the primary endpoint was 53.0%, greatly exceeding the pre-specified threshold of 15% (p<0.00001) |
| | 50.3% of AR101 patients ages 417 tolerated a 1000-mg dose of peanut protein in the exit food challenge, compared to 2.4% of placebo patients (p<0.00001) |
| | Among patients ages 417 who completed treatment with AR101, 96.3% tolerated a 300-mg dose of peanut protein in the exit food challenge, 84.5% tolerated a 600-mg dose, and 63.2% tolerated a 1000-mg dose |
| | 79.6% of AR101 patients ages 417 completed the trial; of the 20.4% who discontinued treatment, 12.4% withdrew due to treatment-related adverse events |
| | 2.4% of AR101 patients ages 417 and 0.8% of placebo patients experienced serious adverse events |
| | Conference call today at 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time |
BRISBANE, California, February 20, 2018 Aimmune Therapeutics, Inc. (Nasdaq: AIMT), a biopharmaceutical company developing treatments for potentially life-threatening food allergies, today announced that its pivotal Phase 3 PALISADE efficacy trial of AR101 met the primary endpoint. In the United States, AR101 has U.S. Food and Drug Administration (FDA) Breakthrough Therapy Designation for peanut-allergic patients ages 417.
PALISADE enrolled 499 patients ages 417, 496 of whom received treatment. After approximately one year of treatment, patients completed an exit double-blind, placebo-controlled food challenge (DBPCFC). In the primary analysis of 496 patients ages 417, 67.2% of AR101 patients tolerated a single highest dose of at least 600 mg of peanut protein (1043 mg cumulative) with no more than mild symptoms in the exit DBPCFC, compared to 4.0% of placebo patients. The corresponding difference in response rates was 63.2% (p<0.00001, 95% CI=53.073.3%), and, at 53%, the lower bound of the 95% confidence interval greatly exceeded the pre-specified success criterion, which was 15%. Additionally, 50.3% of AR101 patients tolerated a single highest dose of 1000 mg of peanut protein (2043 mg cumulative), compared to 2.4% of placebo patients (p<0.00001). In order to minimize the risk of assessment bias, the primary endpoint evaluations were conducted by independent, blinded assessors, who were not involved in patients ongoing care in the trial and who were blinded to treatment assignment and the sequence of the DBPCFCs.
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Page 2 of 7 |
Intent-to-Treat Efficacy: Percent of Patients Tolerating Each Dose in Exit DBPCFC1
| 300 mg | 600 mg | 1000 mg | ||||||||||
| AR101 (n=372) |
76.6 | % | 67.2 | % | 50.3 | % | ||||||
| Placebo (n=124) |
8.1 | % | 4.0 | % | 2.4 | % | ||||||
| 95% CI difference |
(58.678.5 | %) | (53.073.3 | %) | (38.057.7 | %) | ||||||
| p-value |
p<0.00001 | p<0.00001 | p<0.00001 | |||||||||
| 1 | Ages 417 |
Of patients ages 417, 296 patients (79.6%) from the AR101 arm completed the trial, compared to 116 patients (93.5%) from the placebo arm. Of these AR101 completers, 96.3% tolerated a single highest dose of at least 300 mg (443 mg cumulative) of peanut protein in the exit DBPCFC, 84.5% tolerated at least 600 mg (1043 mg cumulative), and 63.2% tolerated 1000 mg (2043 mg cumulative). Additionally, AR101 significantly reduced symptom severity at each exit DBPCFC dose level, compared to placebo.
Completer Efficacy: Percent of Patients Tolerating Each Dose in Exit DBPCFC1
| 300 mg | 600 mg | 1000 mg | ||||||||||
| AR101 (n=296) |
96.3 | % | 84.5 | % | 63.2 | % | ||||||
| Placebo (n=116) |
8.6 | % | 4.3 | % | 2.6 | % | ||||||
| 95% CI difference |
(78.097.3 | %) | (69.790.6 | %) | (49.971.3 | %) | ||||||
| p-value |
p<0.00001 | p<0.00001 | p<0.00001 | |||||||||
| 1 | Ages 417 |
PALISADE enrolled a highly allergic patient population, and enrollment was balanced for baseline disease characteristics between the two treatment arms. Patients in the primary analysis group of ages 417 tolerated no more than 30 mg of peanut protein in the entry DBPCFC; additionally, 72.2% had a past medical history of anaphylaxis, 53.0% had a present or previous diagnosis of asthma, and 65.5% reported multiple food allergies.
In the trials primary analysis group of ages 417, 496 patients from both arms (372 AR101 and 124 placebo) were evaluable for safety. In both arms, the incidence of serious adverse events (SAEs) was low. A total of 10 patients experienced SAEs, none of which were considered life-threatening: nine of these patients were in the AR101 arm (2.4%) and one was in the placebo arm (0.8%). Of the nine AR101 patients that experienced a SAE, five patients experienced mild or moderate SAEs. The other four AR101 patients experienced severe SAEs, which, for two of these patients, were not related to treatment (a concussion and a viral asthmatic exacerbation). Of the two patients who experienced severe SAEs related to treatment, both of whom had elevated baseline peanut-specific IgE levels greater than 100 kU/L, one experienced anaphylaxis, and the other experienced wheezing on the first day of treatment. Both of these patients discontinued from the study.
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Page 3 of 7 |
In ages 417, 20.4% of AR101 patients and 6.5% of placebo patients discontinued the trial. In the AR101 arm, 12.4% of patients discontinued due to investigator-reported adverse events, including 6.7% due to gastrointestinal adverse events and 2.7% due to systemic allergic hypersensitivity reactions. In the placebo arm, 2.4% of patients discontinued due to investigator-reported adverse events.
Discontinuations in the AR101 Group1
| AR101 (n=372) |
||||||||
| % | n | |||||||
| Total discontinuations regardless of causality |
20.4 | % | 76 | |||||
| Discontinuations not related to adverse events |
8.0 | % | 30 | |||||
| Discontinuations related to adverse events |
12.4 | % | 46 | |||||
|
Gastrointestinal2 |
6.7 | % | 25 | |||||
| Systemic hypersensitivity reactions3 |
2.7 | % | 10 | |||||
| Respiratory system |
1.1 | % | 4 | |||||
| Cutaneous |
0.8 | % | 3 | |||||
| Other4 |
1.1 | % | 4 | |||||
| 1 | Ages 417 |
| 2 | Includes one case of biopsy-confirmed eosinophilic esophagitis; no additional cases were identified in the study |
| 3 | Of these, seven were investigator-identified anaphylaxis events (one severe) |
| 4 | Includes one discontinuation for each: acute viral illness, eye pruritus, headache, and an unknown factor |
One patient (an 11-year-old boy), with a baseline peanut-specific IgE level of 352 kU/L) was discontinued from the study after being found to have biopsy-confirmed, moderate eosinophilic esophagitis during the study. By the time the patient left the study, the symptoms had resolved. No additional cases of eosinophilic esophagitis were identified in the study.
Hypersensitivity reactions are an expected and common side effect of oral immunotherapy. In PALISADE patients ages 417, 14.5% of AR101 patients experienced systemic hypersensitivity reactions, and for 98.2% of those patients, the reactions were mild or moderate. In comparison, 3.2% of placebo patients experienced systemic hypersensitivity reactions, and for all of those patients, the reactions were mild or moderate.
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Page 4 of 7 |
Across all ages, there were no deaths or suspected, unexpected serious adverse reactions (SUSARs) in the trial.
PALISADE included 55 adult patients ages 1849 who were randomized into the study, with 41 patients in the AR101 arm and 14 patients in the placebo arm. In the AR101 arm, 21 patients discontinued treatment, eight due to adverse events. In an exploratory analysis of this age group, 85% of AR101 patients who completed the study tolerated at least 600 mg of peanut protein in the exit DBPCFC, compared to 15% of placebo patients who completed the study.
Its exciting to see this large-scale study confirm that a characterized approach to oral immunotherapy, in an appropriately supervised clinical setting, holds promise for becoming an approved treatment, said A. Wesley Burks, M.D., Executive Dean and Curnen Distinguished Professor of Pediatrics, University of North Carolina School of Medicine, and a principal investigator for PALISADE. Its great to have patients go from managing to tolerate at most the amount of peanut protein in a tenth of a peanut without reacting to successfully eating the equivalent of between two to four peanuts with nothing more than mild, transient symptoms, if any at all. Patients and their families are highly motivated to pursue an effective treatment for peanut allergy, and AR101 could give them a comfortable margin of safety in case of accidental exposures.
We want to express our heartfelt gratitude to everyone who supported the PALISADE trial, especially the investigators and their teams, our employees, and, above all, the patients and their families, said Daniel C. Adelman, M.D., Chief Medical Officer of Aimmune. PALISADE is not only the largest peanut allergy trial ever conducted, its also the first to use an independent blinded assessor, and the first to accept peanut-allergic patients with a history of severe or life-threatening reactions. Moreover, the PALISADE population was highly peanut-sensitive and highly atopic, with almost three quarters of the patients having experienced anaphylaxis prior to enrolling in the study. Given how robust the PALISADE results are and that they met or exceeded the pre-specified metrics, were very encouraged that the data from PALISADE are helping to define the magnitude of the potential treatment effect in very sensitive peanut-allergic patients.
We at Aimmune are enormously pleased with this result, but this success really belongs to the entire food allergy community, said Aimmune CEO Stephen Dilly, M.B.B.S., Ph.D. Aimmune was originally founded through the commitment of food allergy parents, food allergy advocates, and food allergy researchers. They all saw a future where a safe, reliable and accessible medicine could protect people from terrifying allergic reactions that occur because of innocent, inevitable mistakes. We remain the custodians of their vision, and we are proud to be taking another meaningful step toward delivering on it.
|
Page 5 of 7 |
Aimmune expects to submit a Biologics License Application (BLA) for AR101 with the FDA by the end of 2018, followed by a Marketing Authorisation Application (MAA) with the European Medicines Agency (EMA) in the first half of 2019. In the United States, AR101 has FDA Fast Track Designation, as well as FDA Breakthrough Therapy Designation for peanut-allergic patients ages 417.
Conference Call and Webcast Information
Aimmune will host a conference call and live audio webcast today, February 20, 2018, at 8:00 a.m. ET / 5:00 a.m. PT to discuss the topline PALISADE results. The conference call and associated slide deck will be accessible via the companys website at www.aimmune.com on the Events page under Investor Relations. Please connect to the companys website at least 15 minutes prior to the start of the conference call to ensure adequate time for any software download that may be required to listen to the webcast. Alternatively, participants may dial 1-877-497-1438 (domestic) or 1-262-558-6296 (international) and refer to conference ID 9079639. An archived copy of the webcast will be available on the companys website for at least 30 days after the conference call.
About PALISADE
PALISADE (Peanut ALlergy oral Immunotherapy Study of AR101 for DEsensitization in children and adults) was an international, randomized 3:1, double-blind, placebo-controlled, Phase 3 trial of the efficacy and safety of AR101 in a Characterized Oral Desensitization ImmunoTherapy (CODIT) approach in patients with peanut allergy. PALISADE enrolled 554 peanut-allergic patients ages 449 (499 ages 417) at more than 60 clinical sites in the United States, Canada, and eight countries in the European Union. To meet PALISADEs inclusion criteria, patients had to experience dose-limiting symptoms at or before the 100-mg dose of peanut protein in an entry DBPCFC, which allowed consecutive doses of 1, 3, 10, 30 and 100 mg of peanut protein, given 20 to 30 minutes apart. Patients enrolled in PALISADE underwent a dose escalation period of approximately 22 weeks to reach a maintenance dose of 300 mg per day of AR101 or placebo, then continued with daily maintenance at 300 mg per day of AR101 or placebo for approximately six months. At the end of the maintenance period, patients underwent an exit DBPCFC, which tested consecutive doses of 3, 10, 30, 100, 300, 600 and 1000 mg of peanut protein, given 20 to 30 minutes apart, as tolerated with no or only mild symptoms. Following the completion of the challenge, patients were unblinded and eligible to rollover or crossover into the follow-on ARC004 clinical trial, as appropriate.
|
Page 6 of 7 |
Aimmune plans to present data from the PALISADE trial in a late-breaking oral abstract presentation at the 2018 American Academy of Allergy, Asthma & ImmunologyWorld Allergy Organization Joint Congress in Orlando. Dr. Stacie Jones of the University of Arkansas will present Efficacy and Safety of AR101 in Peanut Allergy: Results from a Phase 3, Randomized, Double-Blind, Placebo-Controlled Trial (PALISADE) in Session 3609 on Sunday, March 4, from 2:00 to 3:15 p.m. EST.
About Aimmunes Phase 3 Program for AR101
Aimmune has three active Phase 3 AR101 studies underway. The open-label follow-on trial to PALISADE, ARC004, crossed PALISADE placebo patients over to active treatment and rolled AR101 patients over to extended maintenance, with different dose frequency intervals; Aimmune plans a data cut from this trial in the third quarter of 2018. Aimmune expects data from the RAMSES trial, taking place in the United States and Canada and designed to illuminate real-world patient and allergist experiences with AR101, in the second half of 2018, followed by data from the ARTEMIS trial, a dedicated European study of AR101, in early 2019.
About AR101
AR101 is a novel, investigational oral biologic drug for use in oral immunotherapy (OIT) in patients with peanut allergy. The drug, which is manufactured in accordance with current Good Manufacturing Practices (cGMP), has a characterized protein profile found in peanuts, analyzed to ensure consistent major allergen content. The amount of active ingredient in each AR101 capsule is controlled to ensure minimal variability of allergen content across doses of a given strength.
About Aimmune Therapeutics
Aimmune Therapeutics, Inc., is a clinical-stage biopharmaceutical company developing treatments for potentially life-threatening food allergies. The companys Characterized Oral Desensitization ImmunoTherapy (CODIT) approach is intended to achieve meaningful levels of protection by desensitizing patients with defined, precise amounts of key allergens. Aimmunes first investigational biologic product using CODIT, AR101 for the treatment of peanut allergy, has received the FDAs Breakthrough Therapy Designation for the desensitization of peanut-allergic patients 417 years of age and is currently being evaluated in Phase 3 clinical trials. For more information, please see www.aimmune.com.
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Page 7 of 7 |
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: Aimmunes expectations regarding the potential benefits of AR101; Aimmunes expectations regarding potential applications of the CODIT approach to treating life-threatening food allergies; Aimmunes expectations regarding the availability of additional AR101 data in March 2018 at AAAAI-WAO; Aimmunes expectations regarding its clinical trials of AR101, including the timing of the completion of such trials and the availability of data from such trials; Aimmunes ability to develop and advance additional product candidates into and successfully complete clinical trials; and Aimmunes expectations regarding the timing of potential regulatory filings for AR101. Risks and uncertainties that contribute to the uncertain nature of the forward-looking statements include: the expectation that Aimmune will need additional funds to finance its operations; the companys ability to initiate and/or complete clinical trials; the unpredictability of the regulatory process; the possibility that the results of early clinical trials may not be predictive of future results; the possibility that Aimmunes clinical trials will not be successful; Aimmunes dependence on the success of AR101; the companys reliance on third parties for the manufacture of the companys product candidates; possible regulatory developments in the United States and foreign countries; and Aimmunes ability to attract and retain senior management personnel. These and other risks and uncertainties are described more fully in Aimmunes most recent filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2017. All forward-looking statements contained in this press release speak only as of the date on which they were made. Aimmune undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
This press release concerns a product that is under clinical investigation and that has not yet been approved for marketing by the U.S. Food and Drug Administration (FDA) or the European Medicines Agency (EMA). It is currently limited to investigational use, and no representation is made as to its safety or effectiveness for the purposes for which it is being investigated.
# # #
Contacts:
Investors
Laura Hansen, Ph.D.
(650) 396-3814
Media
Alison Marquiss
(650) 376-5583

February 20, 2018 Phase 3 PALISADE Trial Top-Line Results Exhibit 99.2

Forward-Looking Statements This presentation contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, clinical development plans, anticipated milestones, product candidate benefits, potential market size, product adoption, market positioning, competitive strengths, product development, and other clinical, business and financial matters. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially. Risks and uncertainties include, but are not limited to, our limited operating history, our need for additional financing to achieve our goals, our dependence on our lead product AR101, the need for additional clinical testing of AR101, uncertainties relating to the regulatory process, uncertainties relating to the timing and operation of clinical trials, potential safety issues, possible lack of market acceptance of our product candidates, the intense competition in the biopharmaceutical industry, our dependence on exclusive third-party suppliers and manufacturers, and limitations on intellectual property protection. A further list and description of these risks, uncertainties and other factors can be found in our report on Form 10-Q filed on November 6, 2017. Copies of this filing are available online at www.sec.gov or www.aimmune.com. Any forward-looking statements made in this presentation speak only as of the date of the presentation. We do not undertake to update any forward-looking statements as a result of new information or future events or developments.

Phase 3 PALISADE Trial of AR101: Topline Data Overview PALISADE (Peanut ALlergy Oral Immunotherapy Study of AR101 for DEsensitization) was an international, multicenter, randomized, double-blind, placebo-controlled, Phase 3 study of AR101 in peanut-allergic individuals PALISADE had 554 randomized patients, of whom 496 were treated patients ages 4-17 (372 AR101-treated and 124 placebo-treated); 79.6% of patients completed AR101 treatment; 20.4% discontinued, 12.4% due to adverse events PALISADE met the primary efficacy endpoint; on an Intent-to-Treat (ITT) basis, 67.2% of AR101 patients ages 4–17 tolerated at least a 600-mg dose of peanut protein during the exit double-blind, placebo-controlled (DBPCFC) food challenge compared to 4.0% of placebo patients (p<0.00001), exceeding the pre-specified statistical threshold PALISADE provided evidence of an encouraging and expected tolerability profile for AR101

PALISADE Trial Design DBPCFC = Double-Blind, Placebo-Controlled Food Challenge; conducted by independent, blinded assessors not involved in the patients’ care Tolerate = dose is successfully ingested with no more than mild symptoms

PALISADE Baseline Characteristics Characteristics, n (%) AR101 patients (n=372) Placebo patients (n=124) Totals (n=496) Sex Male Female 208 (56%) 164 (44%) 76 (61%) 48 (39%) 284 (57%) 212 (43%) Age 4-11 years 12-17 years 238 (64%) 134 (36%) 89 (72%) 35 (28%) 327 (66%) 169 (34%) Baseline sensitivity Median (IQR*) Skin-prick test (mm) Median (IQR) Peanut-specific IgE (kUA/L) Median Maximum tolerated dose (mg)** 11 (9, 14.5) 69 (19, 194) 10 12 (9, 15.3) 75 (29, 251) 10 11 (9, 15) 71 (20, 202) 10 History of anaphylaxis 269 (72%) 89 (72%) 358 (72%) Asthma 198 (53%) 65 (52%) 263 (53%) Multiple food allergies 245 (66%) 80 (65%) 325 (66%) * Intra-quartile range, 25th and 75th percentile ** Single highest tolerated dose in the entry Double-Blind, Placebo-Controlled Food Challenge (DBPCFC)

AR101 Met the Primary and Secondary Efficacy Endpoints in the PALISADE Trial ITT Analysis: Patients Ages 4-17 Who Tolerated Each Dose Level at Exit DBPCFC *p<0.00001 for Treatment Difference >15% ITT: Intent-to-Treat

AR101 PALISADE Completer Analysis Completers: Patients Ages 4-17 Who Tolerated Each Dose Level at Exit DBPCFC *p<0.00001 for Treatment Difference >15% Completers: 79.6% of AR101-treated and 93.5% of placebo-treated patients were evaluable in the exit DBPCFC

Topline Safety and Tolerability Profile 496 patients ages 4-17 were evaluable for safety (372 AR101 and 124 placebo) The incidence of reported serious adverse events (SAEs) was low in both arms 9 patients in the AR101-treated arm (2.4%); of these, 5 patients experienced mild or moderate SAEs and 4 patients experienced severe SAEs (two related to treatment: one anaphylaxis and one wheezing, both in patients with peanut-specific IgE >100 kUA/L) 1 patient in the placebo arm (0.8%) As expected, treatment-emergent adverse events (TEAEs) were common and occurred in approximately 99% of AR101-treated and 95% of placebo-treated patients 14.5% of AR101-treated patients experienced systemic hypersensitivity reactions (versus 4.8% of placebo patients) For 98.2% of those patients, the reactions were mild or moderate 1 severe anaphylaxis (related SAE as noted above) There were no deaths or suspected, unexpected serious adverse reactions (SUSARs) Discontinuations due to adverse events: 12% in the AR101 arm, 2% in placebo arm

AR101 Discontinuations in Patients Ages 4-17 AR101 (n=372) % n Total discontinuations regardless of causality 20.4% 76 Discontinuations not related to adverse events 8.0% 30 Discontinuations related to adverse events 12.4% 46 Gastrointestinal1 6.7% 25 Systemic hypersensitivity reactions2 2.7% 10 Respiratory system 1.1% 4 Cutaneous 0.8% 3 Other3 1.1% 4 1: One patient discontinued due to biopsy-confirmed moderate, non-serious eosinophilic esophagitis (EoE) during the study; symptoms had resolved by the time the patient left the study. No additional cases of EoE were identified in the study 2: Of these, 7 were investigator-identified anaphylaxis events (1 severe) 3: Includes one discontinuation for each: acute viral illness, eye pruritus, headache, and an unknown factor

PALISADE Topline Efficacy Summary Primary and Secondary Efficacy Analyses Completed in Accordance with Agreed Hierarchical Statistical Analysis Plan in Patients Ages 4-17 300 mg 600 mg 1000 mg AR101 (n=372) 76.6% 67.2% 50.3% Placebo (n=124) 8.1% 4.0% 2.4% 95% CI Difference (58.6–78.5%) (53.0–73.3%) (38.0–57.7%) p-value p<0.00001 p<0.00001 p<0.00001 300 mg 600 mg 1000 mg AR101 (n=296) 96.3% 84.5% 63.2% Placebo (n=116) 8.6% 4.3% 2.6% 95% CI Difference (78.0–97.3%) (69.7–90.6%) (49.9–71.3%) p-value p<0.00001 p<0.00001 p<0.00001 Intent-to-Treat Efficacy: Percent of Patients Tolerating Each Dose in Exit DBPCFC Completer Population: Percent of Patients Tolerating Each Dose in Exit DBPCFC

AR101 Path to Regulatory Submissions Needed for BLA Submission Anticipated in late 2018 AR101 has U.S. FDA Breakthrough Therapy Designation for peanut-allergic patients ages 4–17 Needed for MAA Submission Anticipated in 1H 2019 PALISADE trial Late-breaker presentation at AAAAI on March 4 ARC004 (PALISADE follow-on) trial Data-cut expected in 3Q 2018 ARTEMIS trial (Europe) Complete enrollment 1Q 2018 Complete study by end 2018 ARC005 Pediatric trial (First patient in fulfills MAA requirement) RAMSES trial (U.S./Canada) Real-world safety and tolerability trial Data expected in 2H 2018

Appendix

Understanding the Clinical Trial Endpoint: Tolerated Dose The Double-Blind, Placebo-Controlled Food Challenge (DBPCFC) Is a Surrogate for Accidental Exposure *Deschildre A, et al.Clin Exp Allergy. 2016 Apr;46(4):610-20 Milligrams of Peanut Protein ENTRY React EXIT Tolerate 3 10 30 100 300 600 3 10 30 100 1,000 React Endpoint set to give ‘safety margin’ above average accidental exposure levels DBPCFC is done at trial entry and exit; independent assessor at each site DBPCFC subjects are given increasing doses of peanut protein every 20-30 minutes to measure their tolerated and reactive levels Given dose level is tolerated if patient successfully ingests it with no dose-limiting symptoms React React React Tolerate Tolerate Tolerate Tolerate Tolerate Average Accidental Exposure Level Triggering an Allergic Reaction* 300 mg is ~ 1 peanut 600 mg is ~ 2 peanuts (e.g., approximately a child’s bite of peanut butter sandwich) Primary Phase 3 endpoint is the proportion of subjects who tolerate 600 mg (U.S.) and 1,000 mg (EU) in the exit food challenge
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