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Monday, July 27, 2026

Negative FDA briefing docs for July 29 AdCom trigger CAPR plunge

 


  • FDA states HOPE-3 trial failed prespecified primary/secondary efficacy endpoints vs placebo at 12 months
  • Agency flags multiple post-hoc changes to statistical analysis plan, including endpoints and imputation methods
  • Additional analyses submitted without FDA-reviewed/approved updated SAP, raising data integrity concerns
  • Briefing materials released ahead of July 29 CTGTAC meeting; PDUFA target remains Aug 22 2026
  • Stock plunged ~62% in premarket on July 27 from prior close near $19.70, per market data
  • Earlier company presentations of positive 5-year HOPE-2 OLE and HOPE-3 data contrasted with FDA critique

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