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Passage Bio Announces Positive Feedback from FDA on Expansion of upliFT-D Trial of PBFT02 to Include FTD- C9orf72 Patients Agency feedback from Type C meeting process supports the company s proposed clinical development

Key Takeaway: Passage Bio has received positive feedback from the FDA regarding the expansion of its upliFT-D trial to include patients with FTD-C9orf72 gene mutations. This feedback stems from the company's Type C meeting with the FDA, which supports their plans to evaluate the PBFT02 treatment in this patient population. The firm anticipates submitting a revised trial protocol and beginning patient dosing in the first half of 2025. The move is seen as critical for improving access to innovative treatments for patients with limited clinical trial options.
Price reaction · baseline $18.426 (2024-07-15 close) · hit after-hours · clean, no other PASG news in the window
day 0 close · peak
+3.2%

Market Sentiment Analysis

POSITIVE FACTORS

  • FDA provided positive feedback on the trial expansion for PBFT02.
  • The trial aims to address an unmet need in FTD-C9orf72 patients.
  • Allede research indicating significant impact on TDP-43 pathology.
  • Plans to start dosing patients in the first half of 2025.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+26%
120-day peak, hindsight
Typical move
11.4%
average across 2 past catalysts
Cash runway
~8 mo
Medium dilution risk
Lead asset
PBFT02
Phase 1 · Frontotemporal Dementia

Full Press Release Details

Passage Bio Announces Positive Feedback from FDA on Expansion of upliFT-D Trial of PBFT02 to Include FTD-C9orf72 Patients
Agency feedback from Type C meeting process supports the company's proposed clinical development plans to expand the upliFT-D trial to assess PBFT02 in FTD patients with C9orf72 gene mutations
Plan to initiate dosing of FTD-C9orf72 patients in 1H 2025
PHILADELPHIA - July 16, 2024 - Passage Bio, Inc. (NASDAQ: PASG), a clinical-stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced that the company received positive feedback in its Type C meeting process with the U.S. Food and Drug Administration (FDA) on its proposal to evaluate PBFT02 for treating frontotemporal dementia (FTD) patients with mutations in the C9orf72 gene. Compelling preclinical evidence, coupled with available safety and robust progranulin (PGRN) expression data from the first cohort of FTD-GRN patients treated with PBFT02, supported FDA alignment on the proposed trial expansion. The company intends to amend the protocol for the ongoing upliFT-D Phase 1/2 global study for FTD-GRN to introduce a new population of FTD-C9orf72 patients.
"Securing FDA alignment on amending our upliFT-D protocol to include FTD-C9orf72 patients is a critical milestone in expanding access to those who could benefit from PBFT02," said Will Chou, M.D., president and chief executive officer of Passage Bio. "Given the limited clinical trials for FTD-C9orf72 patients, we believe PBFT02 could fill a significant unmet need and bring new hope to this underserved patient community. We look forward to further advancing the clinical development of PBFT02 and building upon the encouraging data we've seen from the upliFT-D trial so far."
FTD-C9orf72 is estimated to affect approximately 21,000 individuals in the United States and Europe. Similar to FTD-GRN, FTD-C9orf72 is marked by TDP-43 pathology, where the transactive response DNA binding protein 43 (TDP-43) abnormally accumulates in the cytoplasm of neurons, leading to neuronal dysfunction and degeneration. Third-party preclinical studies have demonstrated that increasing PGRN levels can reduce TDP-43 pathology and slow neurodegeneration.
The company plans to submit the revised trial protocol to health authorities and ethics committees promptly and expects to initiate dosing of FTD-C9orf72 patients in 1H 2025.
The FDA has granted PBFT02 Fast Track and Orphan Drug designations. PBFT02 has also received an Orphan designation from the European Commission.
PBFT02 utilizes an AAV1 viral vector to deliver, through ICM administration, a functional GRN gene that encodes for progranulin (PGRN). This vector and delivery approach aims to elevate PGRN levels in the central nervous system (CNS) to alter the course of neurodegenerative diseases.
PBFT02 is supported by extensive preclinical studies indicating broad transduction across the brain, including high transduction of ependymal cells, and demonstrated robust increases in cerebrospinal fluid (CSF) PGRN concentrations. Robust CSF PGRN levels have also been observed clinically based on interim data.
Passage Bio (Nasdaq: PASG) is a clinical stage genetic medicines company on a mission to improve the lives of patients with neurodegenerative diseases. Our primary focus is the development and advancement of cutting-edge, one-time therapies designed to target the underlying pathology of these conditions. Passage Bio's lead product candidate, PBFT02, seeks to treat neurodegenerative conditions, including frontotemporal dementia, by elevating progranulin levels to restore lysosomal function and slow disease progression.
To learn more about Passage Bio and our steadfast commitment to protecting patients and families against loss in neurodegenerative conditions, please visit: www.passagebio.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of, and made pursuant to the safe harbor provisions of, the Private Securities Litigation Reform Act of 1995, including, but not limited to: our expectations about timing and execution of anticipated milestones, including the initiation of dosing of FTD-C9orf72 patients; the progress of clinical studies and the availability of clinical data from such trials; our expectations about our collaborators' and partners' ability to execute key initiatives; and the ability of our product candidates to treat their respective target CNS disorders. These forward-looking statements may be accompanied by such words as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "plan," "potential," "possible," "will," "would," and other words and terms of similar meaning. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including: our ability to develop and obtain regulatory approval for our product candidates; the timing and results of preclinical studies and clinical trials; risks associated with clinical trials, including our ability to adequately manage clinical activities, unexpected concerns that may arise from additional data or analysis obtained during clinical trials, regulatory authorities may require additional information or further studies, or may fail to approve or may delay approval of our drug candidates; the occurrence of adverse safety events; the risk that positive results in a preclinical study or clinical trial may not be replicated in subsequent trials or success in early stage clinical trials may not be predictive of results in later stage clinical trials; failure to protect and enforce our intellectual property, and other proprietary rights; our dependence on collaborators and other third parties for the development and manufacture of product candidates and other aspects of our business, which are outside of our full control; risks associated with current and potential delays, work stoppages, or supply chain disruptions; and the other risks and uncertainties that are described in the Risk Factors section in documents the company files from time to time with the Securities and Exchange Commission (SEC), and other reports as filed with the SEC. Passage Bio undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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Frequently Asked Questions

What feedback did Passage Bio receive from the FDA?

Passage Bio received positive feedback regarding its proposal to expand the upliFT-D trial to include FTD-C9orf72 patients.

When does Passage Bio plan to start dosing FTD-C9orf72 patients?

Dosing for FTD-C9orf72 patients is expected to begin in the first half of 2025.

What designation has the FDA granted to PBFT02?

PBFT02 has received both Fast Track and Orphan Drug designations from the FDA.

What role does progranulin play in PBFT02 treatment?

PBFT02 aims to increase progranulin levels to address neurodegeneration in FTD patients.

What population does FTD-C9orf72 affect?

FTD-C9orf72 is estimated to impact around 21,000 individuals in the U.S. and Europe.

Last updated: Jul 16, 2024