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Nalmefene

Phase 2

Pruritus | Small molecule | Dermatology |Canton Strategic Holdings, Inc.|Last Updated: Sep 9, 2025

Success Probability
Approval Probability 71%
TA Base Rate26%
Adjusted LOA41%
ML RiskLOW_RISK
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Market & Valuation
rNPV $3.2B
Market Size $9.4B
Revenue Basis $1.6B
Competitors 6
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Trial Design
RandomizedDouble-BlindPLACEBO_CONTROLLEDDMCBiomarker
Total Trials1
Total Enrollment40
FDA Designations
No designations recorded
Clinical Trials (1)
NCT IDTitlePhaseStatusEnrollmentVelocityDesignStartCompletionLast UpdatedSitesCountries
NCT06733519TH104 for the Treatment of Pruritus in Primary Biliary CholangitisPHASE2 NOT YET_RECRUITING 40Jun 1, 2026Jun 1, 2027Sep 9, 2025 -
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Study Endpoints
Primary Endpoints
The primary objective is to investigate the safety and tolerability of repeat doses of TH104
42 days

Percentage of participants with treatment-related adverse events as coded by MedDRA.

Secondary Endpoints
Difference in daily itch score between TH104 and placebo
42 days
Change in participants reported outcome for PBC-40 questionnaire
42 days
Change in participants reported outcome for 5-D itch questionnaire.
42 days
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Study Design & Arms
AllocationRANDOMIZED
MaskingTRIPLE
ModelPARALLEL
PurposeTREATMENT
Treatment Arms
ArmTypeDescription
TreatmentEXPERIMENTAL -
ControlPLACEBO_COMPARATOR -
Interventions
NameTypeDescription
NalmefeneDRUGTh-104 Nalmefene Mucoadhesive Buccal strip
PlaceboDRUGMatching placebo to TH-104
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Eligibility Criteria
Age Range18 Years — 75 Years
SexALL
Healthy VolunteersNo

Inclusion Criteria: 1. Men or women aged 18 to 75 years, inclusive, at the time of signing the informed consent form. 2. Diagnosis of PBC, as demonstrated by the participant presenting with at least 2 of the following criteria at the Screening Visit: 1. history of sustained increased alkaline p...

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Recent Changes (Last 90 Days)
LOWMay 26, 2026NCT06733519primaryCompletionDate: changed
LOWMay 24, 2026NCT06733519studyFirstPostDate: changed