Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Why Is Inflammatory Disease-Focused MoonLake Immunotherapeutics Stock Trading Higher Today?

Published 11/03/2024, 13:56
Updated 11/03/2024, 15:10
© Reuters.  Why Is Inflammatory Disease-Focused MoonLake Immunotherapeutics Stock Trading Higher Today?

Benzinga - by Vandana Singh, Benzinga Editor.

On Sunday, MoonLake Immunotherapeutics (NASDAQ:MLTX) announced that continued treatment with Nanobody sonelokimab led to significant improvements across all key outcomes at 24-week data from the ARGO trial in psoriatic arthritis (PsA).

The 207-patient ARGO trial demonstrated that the primary endpoint, the American College of Rheumatology (ACR) 50, continued to improve from week 12 and exceeded 60% by week 24.

The more rigorous ACR70 outcome was achieved by approximately 40% of patients by week 24.

In addition, by week 24, over 80% and 60% of patients treated with sonelokimab achieved Psoriasis Area Severity Index (PASI) 90 and 100, respectively. Both doses of sonelokimab yielded similar results.

The company said the responses surpassed those for AbbVie Inc’s (NYSE:ABBV) Humira (adalimumab), the active reference arm in the study, and were also higher when indirectly compared to competitors using the same active reference arm as a standard.

Treatment with sonelokimab resulted in unprecedented improvements in composite scores that reflect responses in different domains simultaneously.

ACR50+PASI90 up to 59%, ACR 50+PASI 100 up to 52%, ACR 70+PASI 100 up to 48%, and MDA up to 61% response.

In all composite scores, sonelokimab showed 16-29 percentage point differences to the reference adalimumab arm, comparatively higher than competitors using the same reference arm.

Monthly maintenance with 60mg or 120mg doses showed leading responses above the TNF reference arm across all key outcomes, including in higher treatment goals (ACR70, PASI100, composites) – 120mg added benefit for specific patient subgroups.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The safety profile of sonelokimab was consistent with previous trials, and no new safety signals were detected.

MoonLake intends to commence Phase 3 trials in hidradenitis suppurativa (HS) in the second quarter 2024 under the VELA program that will enroll 800 patients, with top-line primary endpoint data expected as early as mid-2025.

MoonLake says it would commence four additional clinical trials of sonelokimab across dermatology and rheumatology, including palmo-plantar pustulosis, juvenile HS, and seronegative spondyloarthritis.

Price Action: MLTX shares are up 3% at $46.98 on the last check Monday.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.