The FDA placed full clinical holds on two Phase I/II trials of Biomea Fusion’s covalent menin inhibitor BMF-219, which is being tested in the COVALENT-111 study for type 2 diabetes and in the COVALENT-112 trial for type 1 diabetes. The news sent Biomea’s shares down about 60% during after-hours trading on Thursday.
The hold was triggered after the US regulator found “deficiencies based on the level of possible drug-induced hepatotoxicity” in the already-completed dose-escalation portion of COVALENT-111.
The FDA observed liver enzyme elevations in study participants, but said various food intake regimens, medical history, concomitant medications, or higher doses of BMF-219 may have contributed to the effect.
Biomea CEO Thomas Butler said that “patient safety is paramount” and that the company is “fully collaborating and working diligently with the FDA to put a plan in place as quickly as possible to ensure patient safety and look forward to resuming the studies once we have authorization from the FDA.”
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Leverages most recent intelligence information, enabling fullest potential.