While Sarepta has three antisense oligonucleotide therapies approved — albeit not without controversy — for Duchenne muscular dystrophy, it has been working on a long-term treatment in the form of a gene therapy. After posting positive results for its Roche-partnered gene therapy, dubbed SRP-9001, earlier this month, the Cambridge, MA-based biotech says it now intends to pursue an accelerated approval for its latest Duchenne treatment. Sarepta shares $SRPT rose about 10% on the news in early Friday trading. Baird analyst Brian Skorney wrote in a note that he believed Sarepta is “well-aligned with the FDA on the plan to file this fall, with the potential for an approval decision by mid-2023.” Skorney added:
Given this positive commentary, we think that once the BLA is submitted, around October at the latest, FDA acceptance for review will be a near certainty. Although management noted they have not discussed the possibility of an Advisory Committee Meeting with the agency, they feel that an AdCom will be a near certainty given the gravity of the review, and we concur with this expectation.
Skorney also noted that the filing may include all ambulant Duchenne patients sans age restrictions, though its current trials are in patients ages 4-7.
In early 2021, SRP-9001 failed in an initial Phase II study, which Sarepta attributed to differences in baseline measures between the older children of the placebo and treatment groups. That fail cut the biotech’s stock $SRPT by half, where it has hovered since. However, in the second part of that Phase II study, in which 20 patients who had received the placebo treatment crossed over to get Sarepta’s gene therapy, the patients showed statistically significant improvements in the motor abilities test that was also used in Part 1.
Earlier this month, Sarepta again posted positive results from other parts of its gene therapy program, showing that its gene therapy significantly improved patients’ motor function after one year. But one patient who had gotten Sarepta’s gene therapy experienced a case of myocarditis, or heart inflammation. Notably, Pfizer’s Duchenne gene therapy program also saw two cases of heart inflammation. Previously, the two companies, along with Solid Biosciences and Genethon, suggested those cases may be tied to a “class effect.” For its accelerated approval, Sarepta plans to use both an intermediate clinical endpoint, the score on the functional motor test after one year, as well as a surrogate biomarker, dystrophin expression, a Sarepta spokesperson told Endpoints News.
Pfizer, Sarepta and two others suggest Duchenne drug safety issues tied to "class effect"
Sarepta is no stranger to accelerated approvals, having gotten them for its last three Duchenne muscular dystrophy treatments. Its first accelerated approval came in 2016 for Exondys 51, rife with controversy. Several FDA officials at the time were against the approval of the drug, with one calling it a “scientifically elegant placebo,” but were overshadowed by Janet Woodcock, who advocated for its approval.
“It set this interesting, slash concerning, precedent around dystrophin as a validated surrogate endpoint, because there’s not really evidence of it actually having clear clinical association with things that are meaningful for assessing benefit (for) Duchenne muscular dystrophy,” Yale School of Medicine professor Reshma Ramachandran told Endpoints News. Ramachandran noted that Exondys 51’s approval also set the precedent for Sarepta’s two following accelerated approvals. According to the government’s clinical trials website, Sarepta’s confirmatory trials for its three antisense oligo treatments are set to finish in 2024 — some eight years after its first approval.
Sarepta’s lack of confirmatory trial results speaks to a bigger pattern, in which companies that get accelerated approvals drag their feet on confirmatory trials or fail to do them at all, a problem a bipartisan Senate bill aims to reform. In the coming weeks, Congress is likely to pass a bill that will broaden the FDA’s authority to ensure confirmatory studies are underway before accelerated approval is granted.
Senate unveils its version of accelerated approval reforms as bipartisan duo calls on FDA and PTO to work together
Interestingly, in April, Sarepta moved up the timeline for Exondys 51’s confirmatory trial, dubbed MIS51ON, by about one and a half years, from early 2026 to late 2024. A Sarepta spokesperson told Endpoints in an email the earlier timeline reflected additional trial sites.
Pfizer is also developing a gene therapy for Duchenne muscular dystrophy. While its Phase III trial was put on hold following a patient death, the pharma giant has since resumed the trial, it said in April. That trial is set to read out by late 2023. UPDATED: Pfizer can restart PhIII trial of Duchenne gene therapy, now on track for late-2023 FDA approval request
Notably, Sarepta is currently also running a Phase III trial, dubbed EMBARK, for its gene therapy, and its endpoint is the functional motor test. However, the estimated completion date for that Phase III trial currently stands at October 2023, while Sarepta’s FDA approval date could be earlier in the year if it files for accelerated approval this fall. The Sarepta spokesperson confirmed that Sarepta believes EMBARK would be the confirmatory trial for SRP-9001’s accelerated approval. “Buckle up, the next year is going to be an interesting debate on Sarepta and the timeline around FDA action, what defines ‘reasonably likely to predict’, and how EMBARK readout impacts the timeframe for action,” Skorney wrote.