Full Press Release Details
Capricor Announces Positive Outcomes
from Comprehensive Multidisciplinary Meeting with FDA
FDA Provides Positive Feedback on Design
for HOPE-2 Clinical Trial
LOS ANGELES, January 22, 2019 - Capricor
Therapeutics (NASDAQ: CAPR), a clinical-stage biotechnology company, today announced that it had positive outcomes in its
comprehensive multidisciplinary meeting with the U.S. Food and Drug Administration (FDA) regarding development of the company's
novel cell therapy candidate, CAP-1002, to treat Duchenne muscular dystrophy.
Capricor met with the FDA in December
2018, as part of the expedited review afforded under the Regenerative Medicine Advanced Therapy (RMAT) designation
which the FDA granted to CAP-1002 in February 2018. The FDA grants the RMAT designation to investigational regenerative medicine
therapies intended to treat a serious condition and for which preliminary clinical evidence indicates a potential to address unmet
medical needs for that condition.
During the meeting discussion and in subsequent
meeting minutes, Capricor asked whether the FDA would agree to its current clinical trial, HOPE-2, serving as the registration
study, if HOPE-2 provides evidence that CAP-1002 is safe and effective in treating Duchenne muscular dystrophy. The FDA advised
Capricor to request an end of phase meeting after completion of the trial to determine whether HOPE-2 could serve as the registration
The FDA also reiterated support for the
use of the Performance of the Upper Limb (PUL) 2.0 mid-level test, which measures the ability to use arm and hand muscles, as
the primary efficacy endpoint for HOPE-2. In addition, the agency stated that the trial would need to provide evidence of clinically
meaningful changes in the PUL, as well as other evidence supportive of CAP-1002 efficacy for patients with advanced Duchenne muscular
dystrophy, in order to serve as a registration trial.
"Our interactions with the FDA have
been collaborative and supportive," said Linda Marb n, Ph.D., Capricor's chief executive officer. "Capricor's
unique cellular therapy offers the opportunity to benefit skeletal and cardiac muscle, which, if supported by the HOPE-2 trial
results, would provide meaningful benefits to patients with advanced Duchenne muscular dystrophy and important differentiation
in a market that has very limited treatment options. We have designed HOPE-2 to be a registration trial, and it is reassuring
that the FDA will consider that possibility, should the results be positive."
Duchenne muscular dystrophy is a fatal
genetic disorder with few therapeutic options. The HOPE-2 trial is studying the safety and effectiveness of CAP-1002 in older
Duchenne patients who are not currently eligible for gene therapy clinical trials. To date, 17 patients have been enrolled in
the Phase II, randomized, double-blind, placebo-controlled trial.
"Originally, HOPE-2 was designed
as an 84 patient clinical trial, but after the feedback from the FDA, Capricor is considering a sample size re-estimation that
will likely lead to a significant reduction in the number of patients from 84 to approximately 40-50, which would be sufficient
to determine clinical relevance and efficacy of CAP-1002," said Dr. Marb n, "If we are able to achieve the
goal of showing that CAP-1002 improves muscle function with fewer patients, we will be able to expedite product development and
potential commercialization so that it can be available to the patients with Duchenne muscular dystrophy."
Voluntary Dosing Hold has Been Lifted and HOPE-2 Enrollment
After a patient in the HOPE-2 trial had
a serious adverse event in the form of anaphylaxis, Capricor put a voluntary hold on dosing in December to develop a plan
to manage potential allergic reactions. The investigation suggests that the patient may have been allergic to something contained
in the investigational product, including an excipient, or inactive ingredient, in the formulation.
To prevent future events, Capricor has
initiated a pre-medication strategy that is commonly used by doctors to prevent and treat allergic reactions. The Data and Safety
Monitoring Board (DSMB) and HOPE-2 clinical trial steering committee support this approach, and the FDA and DSMB approved resuming
enrollment in the study. The timing of the trial's resumption depends upon various factors, including the availability of
About Duchenne Muscular Dystrophy
Duchenne muscular dystrophy is a devastating
genetic disorder that causes muscle degeneration and leads to death, generally before the age of 30, most commonly from heart
failure. It occurs in one in every 3,600 live male births across all races, cultures and countries. Duchenne muscular dystrophy
afflicts approximately 200,000 boys and young men around the world. Treatment options are limited, and there is no cure.
CAP-1002 consists of allogeneic cardiosphere-derived
cells, or CDCs, a type of progenitor cell that has been shown in pre-clinical and clinical studies to exert potent immuno-modulatory
activity, and is being investigated for its potential to modify the immune system's activity to encourage cellular regeneration.
CDCs have been the subject of over 100 peer-reviewed scientific publications and have been administered to approximately 140 human
subjects across several clinical trials.
About Capricor Therapeutics
Capricor Therapeutics, Inc. (NASDAQ:CAPR)
is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class biological
therapeutics for the treatment of rare disorders. Capricor's lead candidate, CAP-1002, is an allogeneic cell therapy that
is currently in clinical development for the treatment of Duchenne muscular dystrophy. Capricor has also established itself as
one of the leading companies investigating the field of extracellular vesicles and is exploring the potential of CAP-2003, a cell-free,
exosome-based candidate, to treat a variety of disorders. For more information, visit www.capricor.com.
Keep up with Capricor on social media: www.facebook.com/capricortherapeutics,
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding
the efficacy, safety, and intended utilization of Capricor's product candidates; the initiation, conduct, size, timing and results
of discovery efforts and clinical trials; the pace of enrollment of clinical trials; plans regarding regulatory filings, future
research and clinical trials; regulatory developments involving products, including the ability to obtain regulatory approvals
or otherwise bring products to market; plans regarding current and future collaborative activities and the ownership of commercial
rights; scope, duration, validity and enforceability of intellectual property rights; future royalty streams, expectations with
respect to the expected use of proceeds from the recently completed offerings and the anticipated effects of the offerings, and
any other statements about Capricor's management team's future expectations, beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements
of historical fact (including statements containing the words "believes," "plans," "could," "anticipates,"
"expects," "estimates," "should," "target," "will," "would" and similar
expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause
actual results or events to differ materially from those indicated by such forward-looking statements. More information about
these and other risks that may impact Capricor's business is set forth in Capricor's Annual Report on Form 10-K for the year ended
December 31, 2017 as filed with the Securities and Exchange Commission on March 22, 2018, in its Registration Statement on Form
S-3, as filed with the Securities and Exchange Commission on September 28, 2015, together with the prospectus included therein
and prospectus supplements thereto and in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, as filed
with the Securities and Exchange Commission on November 14, 2018. All forward-looking statements in this press release are based
on information available to Capricor as of the date hereof, and Capricor assumes no obligation to update these forward-looking
CAP-1002 is an Investigational New
Drug and is not approved for any indications. CAP-2003 has not yet been approved for clinical investigation.
For more information, please contact:
AJ Bergmann, Chief Financial Officer