S.C. injection formulation of FB825 has been agreed by US FDA to proceed with Phase 2 clinical trial to treat moderate-to-severe atopic dermatitis.

Published Date:2024-05-09

Original Link:https://www.onenessbio.com/en/news_detail284_4.htm

Statement
No	1	Date of announcement	2024/05/09	Time of announcement	17:52:36
Subject	S.C. injection formulation of FB825 has been agreed by US FDA to proceed with Phase 2 clinical trial to treat moderate-to-severe atopic dermatitis.
To which item it meets	paragraph 10			Date of events	2024/05/09
Date of occurrence of the event: 2024/05/09 New drug name or code: FB825 Indication: (1)Treatment for moderate-to-severe atopic dermatitis, allergic asthma and other IgE-mediated allergic diseases (2)Information Website: https://clinicaltrials.gov/study/NCT06397911?cond=FB825&rank=7 Planned development stages: Phase II clinical trial Current development stage: (1)File application/approved/disapproved/Each of clinical trials (include interim analysis): Subcutaneous injection formulation of FB825, anti-CεmX antibody, has been agreed by US FDA to proceed with Phase 2 clinical trial. (2)Once disapproved by competent authority or each of clinical trials (include interim analysis) results less than statistically significant sense, the risks and the associated measures the Company may occur: Not applicable. (3)After obtaining official approval or the results (include interim analysis) of statistically significant sense, the future strategy: Not applicable. (4)Accumulated investment expenditure incurred: No disclosure of investment expenditure at the moment in consideration of future marketing strategies and to protect the interests of the company and investors. Upcoming development plan: (1)Scheduled completion date: Not applicable. (2)Estimate responsibilities: Not applicable. Market situation: Atopic dermatitis is a chronic and heterogeneous skin condition characterized by intense itching and eczematous lesions. It is to the Global Report on Atopic Dermatitis 2022 by the International Eczema Council, up to 20% of children and 10% of adults in developed nations suffer from this condition. The market for atopic dermatitis is gradually gaining attention, becoming one of the target indications for pharmaceutical companies. According to a report from Mordor Intelligence, the atopic dermatitis treatment market is estimated to be $10.06 billion in 2024, with a projected compound annual growth rate (CAGR) of 7.18%, reaching $14.23 billion by 2029. Any other matters that need to be specified(the information disclosure also meets the requirements of Article 7, subparagraph 8 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): (1)On April 22, 2024, subcutaneous injection formulation of FB825 to treat moderate-to-severe atopic dermatitis was greenlighted by TFDA to proceed with a phase II clinical trial. The trial is jointly conducted with our international partner and will be concurrently implemented in multiple medical centers in the United States and Taiwan. (2)According to Guidelines by Taipei Exchange on the Material Information Announced by Listed and OTC Companies, new drug development companies shall make public announcement when filing application for clinical trials to domestic or overseas regulatory authorities, receiving approval or disapproval, obtaining the statistical date of endpoints in each clinical trial (including interim analysis), or receiving approval or disapproval on drug license application. New drug development requires long process, vast investments and with no guarantee in success which may pose investment risks.The investors are advised to exercise caution and conduct thorough evaluation.