Galapagos (NASDAQ:GLPG) has lost ~11.3% in the pre-market after the company announced underwhelming data for oral SIK inhibitor GLPG3970 in a Phase 2a trial for rheumatoid arthritis (RA).
However, the experimental therapy showed a positive effect after six weeks, in a Phase 1b trial for psoriasis and Phase 2a trial for ulcerative colitis (UC).
In all three randomized, placebo-controlled, and double-blind trials, GLPG3970 “was generally safe and well-tolerated,” the company said, adding that the “majority of treatment emergent adverse events (TEAEs) were mild or moderate.”
In the LADYBUG study in RA, 28 patients with moderate to severely active RA and an inadequate response to methotrexate were randomized.
Three out of 16 patients in the treatment arm and two out of 12 on the placebo arm discontinued the trial due to reasons including COVID-19 and physician decision.
At Week 6, patients on GLPG3970 showed no differentiation from placebo or in terms of the majority of other efficacy endpoints, Galapagos said in the statement.
In September, the company announced that the first patient was dosed with GLPG3970 in the Phase 1 trial in psoriasis.