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Monday, August 4, 2025

Praxis links epilepsy drug to fall in seizures but sees 23% dropout rate

 Praxis Precision Medicines has reported a 56.3% median reduction in seizure frequency from baseline in a midphase trial, encouraging the biotech to push ahead with phase 2/3 plans despite almost a quarter of patients discontinuing the epilepsy trial.

This morning's readout came from 37 focal onset seizure patients who received the sodium-channel modulator vormatrigine in Praxis’ Radiant study. The drug candidate was generally well tolerated, according to Praxis, but 23% of patients discontinued the study.

Of the patients who stuck with the treatment, the Boston-based biotech said (PDF) that 60% experienced at least a 50% reduction in seizure frequency over eight weeks.

The company saw improvements early, with 54% of patients hitting the 50% threshold in Week 1, and it tracked a deepening of the responses over time. In the last month of the dataset, 22% of the patients experienced a 100% reduction in seizure frequency, according to an August 4 release.

Praxis saw the responses in patients who were receiving other anti-seizure medications. More than 80% of participants were taking a sodium channel blocker and 30% were on SK Life Science’s Xcopri. 

Steven Petrou, Ph.D., chief scientific officer at Praxis, hailed the consistent efficacy across subgroups of patients on different background therapies as a strength of the study.

“The bar in Radiant was especially high. This was the first epilepsy study launched and reported in the U.S. following widespread adoption of [Xcopri],” Petrou said on a call with investors to discuss the data.

“This level of consistency, in both efficacy and tolerability, across different treatment backgrounds speaks to vormatrigine’s versatility,” Petrou added. “It reinforces the idea that this is a therapy with broad applicability.”

Explaining the discontinuation rate, Petrou said many of the dropouts were linked to a lack of background therapy dose adjustment, despite protocol guidance. 

Adverse events and discontinuations “were avoided entirely” in six instances where investigators proactively reduced background treatment, the Praxis executive pointed out. 

The discontinuation rate may explain the lackluster reaction from investors to this morning's readout, with shares in the biotech down nearly 14% to $46.68 in Monday trading from a Friday closing price of $54.09.

During the trial, vormatrigine's efficacy was not impacted by the dialing back of other medications, Praxis CEO Marcio Souza said on the investor call. Souza used the finding to advance Praxis’ argument that vormatrigine could become a standalone therapy.

“I think what we established is that the background therapy is not doing anything but causing side effects, and vormatrigine is getting these patients better,” Souza said. “So a monotherapy study, or a switch to monotherapy, makes a lot of sense.”

Praxis is planning to start a monotherapy trial in the first half of 2026. Before then, the company is set to kick off a follow-up to Radiant, enrolling a larger patient population to receive placebo or one of three doses of vormatrigine.

https://www.fiercebiotech.com/biotech/praxis-tracks-reduction-seizures-plans-phase-23-study

Dyne Therapeutics Announces FDA Breakthrough Therapy Designation for DYNE-251 in Duchenne



Dyne Therapeutics (NASDAQ:DYN) has received FDA Breakthrough Therapy Designation for DYNE-251, targeting Duchenne muscular dystrophy (DMD) patients amenable to exon 51 skipping. The designation is based on data from the ongoing DELIVER trial, where DYNE-251 demonstrated sustained functional improvement through 18 months in key measures like time to rise and stride velocity.

The company has completed enrollment of 32 patients in the DELIVER registrational expansion cohort, with data expected in late 2025. Dyne plans to submit a Biologics License Application (BLA) for U.S. accelerated approval in early 2026. DYNE-251 has also received Fast Track, Orphan Drug, and Rare Pediatric disease designations from the FDA.

INmune Trial of INKmune™ in Metastatic Castration-Resistant Prostate Cancer Meets Endpoints



INmune Bio (NASDAQ: INMB) announced the successful completion of its Phase I/II CaRe PC trial for INKmune™ in metastatic castration-resistant prostate cancer (mCRPC). The trial met both primary and secondary endpoints, with the treatment demonstrating excellent safety across all three dose levels.

Key findings include successful NK cell activation in over 50% of patients with advanced disease, with some patients showing tumor size reduction or complete disappearance. Following these positive results, the company plans to advance to a randomized Phase 2b trial focusing on patients with less severe disease to better evaluate the drug's clinical benefits.

MaxCyte Signs Platform License Agreement with Adicet



MaxCyte (NASDAQ:MXCT) has signed a strategic platform license agreement with Adicet Bio for the use of MaxCyte's Flow Electroporation® technology and ExPERT™ platform. The non-exclusive license grants Adicet Bio research, clinical, and commercial rights to support their gamma delta T cell therapy gene edited programs.

Under the agreement, MaxCyte will receive platform licensing fees and program-related revenue. Adicet Bio will utilize MaxCyte's technology to enhance their proprietary manufacturing process for allogeneic gamma delta T cell therapies, aimed at treating cancer and autoimmune diseases.

The collaboration leverages MaxCyte's ExPERT™ platform, which provides high transfection efficiency, cell viability, and seamless scalability for complex cell engineering applications.

Twist Bioscience Q3 2025 sees revenue rise 18%

 Twist Bioscience Corp (TWST) reported its Q3 2025 earnings, showing a significant 18% year-over-year increase in revenue, reaching $96.1 million. Despite this growth, the company’s stock saw a decline of 5.58% in premarket trading, with shares priced at $31.80. The stock has experienced significant volatility, with a beta of 2.42 and a 27.5% decline year-to-date according to InvestingPro data. This reaction comes as the company posted an adjusted EBITDA loss of $8 million, although this was an improvement from the previous fiscal year.

Key Takeaways

  • Twist Bioscience’s revenue grew by 18% year-over-year, driven by strong performance in its NGS segment.
  • The company improved its gross margin to 53.4%, up from 43.3% in the previous year.
  • Despite revenue growth, Twist Bioscience reported an adjusted EBITDA loss of $8 million.
  • Premarket trading saw the company’s stock fall by 5.58%.

Company Performance

Twist Bioscience showed robust performance in Q3 2025, with revenue reaching $96.1 million, marking an 18% increase from the same quarter last year. The company’s gross margin improved significantly to 53.4%, reflecting enhanced operational efficiencies and cost management. The NGS segment was a standout, with a 27% year-over-year growth, contributing $55.3 million to the total revenue. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 4.51, indicating robust liquidity. Despite these gains, the company continues to face challenges in achieving profitability, as evidenced by the adjusted EBITDA loss.

Financial Highlights

  • Revenue: $96.1 million, up 18% year-over-year
  • Gross Margin: 53.4%, up from 43.3% in FY2024
  • Synbio Revenue: $35.2 million, 7% YoY growth
  • NGS Revenue: $55.3 million, 27% YoY growth
  • Biopharma Services Revenue: $5.6 million, 10% YoY growth
  • Adjusted EBITDA Loss: $8 million, improved by $14 million compared to FY2024

  • Market Reaction

Following the earnings announcement, Twist Bioscience’s stock price dropped by 5.58% in premarket trading, settling at $31.80. This decline comes despite the company’s positive revenue growth and improved gross margins. According to InvestingPro, which offers 8 additional valuable insights about TWST, the stock has taken a significant hit over the last week, dropping 7.8%. The stock’s movement could reflect investor concerns over the continued adjusted EBITDA losses and the broader market sentiment towards biotech firms. InvestingPro’s comprehensive analysis indicates the stock is currently trading near its Fair Value.

Outlook & Guidance

Twist Bioscience provided guidance for the remainder of FY2025, projecting total revenue between $374 million and $376 million, which would represent a growth rate of approximately 19.7%. The company expects its gross margin to be in the range of 50.5% to 51%, with an adjusted EBITDA loss between $45 million and $47 million. Key growth areas include Synbio and NGS, with revenue guidance set at $144 million to $145 million and $267 million to $268 million, respectively.

Executive Commentary

CEO Emily Leproust highlighted the company’s innovative capabilities, stating, "We turned complexity into opportunity." President and COO Patrick Finn emphasized the competitive edge of Twist Bioscience’s technology, noting, "Our technology advantage gives us a product and a value proposition that resonates for the customer." These comments underscore the company’s strategic focus on leveraging its technology to drive growth and customer engagement.

Risks and Challenges

  • Continued adjusted EBITDA losses could impact investor confidence.
  • Market saturation in key segments like NGS might limit growth potential.
  • Macroeconomic pressures and currency fluctuations could affect international sales.
  • The competitive landscape in the biotech sector remains intense, requiring continuous innovation.

  • During the earnings call, analysts inquired about the company’s strategies for sustaining growth in the Synbio and NGS markets. Management addressed these concerns by outlining plans for product innovation and expansion into new geographic markets. Additionally, questions were raised about the challenges in international markets, which the company acknowledged as a focus area for improvement.

Full transcript - Twist Bioscience Corp (TWST) Q3 2025