Scholar Rock Provides Corporate Update and Outlines Key R&D Priorities for 2020

- Submitted IND application for SRK-181, a potent and selective inhibitor of latent TGFβ1 activation; plan to initiate a Phase 1 proof-of-concept trial in patients with solid tumors in the first quarter of 2020

- Advanced strategic collaboration with Gilead focused on fibrosis with successful demonstration of efficacy inpreclinical in vivo proof-of-concept studies; earned $25 million milestone payment

CAMBRIDGE, Mass., Jan. 10, 2020 (GLOBE NEWSWIRE) -- Scholar Rock (NASDAQ: SRRK), a clinical-stage biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, today highlighted key accomplishments of the past year and announced R&D priorities for 2020.

“The past 12 months were a time of remarkable progress for Scholar Rock across all of our R&D programs. We rapidly advanced our SRK-015 program in SMA by completing enrollment in the TOPAZ trial in just eight months, achieved the initial catalytic milestone in our fibrosis-focused collaboration with Gilead, and submitted our IND application for SRK-181 for cancer immunotherapy at the end of the year,” said Nagesh Mahanthappa, Ph.D., President and CEO of Scholar Rock. “As we begin 2020 with great momentum, we look forward to further advancing our robust pipeline in the year ahead. Importantly, with the recent implication of TGFβ1 activity as a major checkpoint inhibitor resistance mechanism in patients, we believe that SRK-181 holds unique potential to meaningfully broaden clinical responses to PD-(L)1 inhibitors. With our plans to initiate enrollment of patients with solid tumors in our Phase 1 proof-of-concept trial this quarter, we now expect initial clinical data for SRK-181 as well as for SRK-015 this year.”

About Scholar RockScholar Rockis a clinical-stage biopharmaceutical company focused on the discovery and development of innovative medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role. Scholar Rock is creating a pipeline of novel product candidates with the potential to transform the lives of patients suffering from a wide range of serious diseases, including neuromuscular disorders, cancer, fibrosis and anemia. Scholar Rock’s newly elucidated understanding of the molecular mechanisms of growth factor activation enabled it to develop aproprietary platformfor the discovery and development of monoclonal antibodies that locally and selectively target these signaling proteins at the cellular level. By developing product candidates that act in the disease microenvironment, the Company intends to avoid the historical challenges associated with inhibiting growth factors for therapeutic effect. Scholar Rock believes its focus on biologically validated growth factors may facilitate a more efficient development path. For more information, please visitwww.ScholarRock.comor follow Scholar Rock on Twitter (@ScholarRock) and LinkedIn (https://www.linkedin.com/company/scholar-rock/).

Scholar Rock®is a registered trademark of Scholar Rock, Inc.

Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Scholar Rock’s future expectations, plans and prospects, including without limitation, Scholar Rock’s expectations regarding its growth, strategy, progress; timing of its clinical trials for SRK-015, SRK-181, and other product candidates; indication selection and development timing; the ability of any product candidate to perform in humans in a manner consistent with nonclinical or preclinical study data; progress under its collaboration with Gilead. The use of words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “future,” “potential,” or “continue,” and other similar expressions are intended to identify such forward-looking statements. All such forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include Scholar Rock’s ability to provide the financial support, resources and expertise necessary to identify and develop product candidates on the expected timeline; preclinical data and results may not be predictive of clinical results; competition from third parties that are developing products for similar uses; Scholar Rock’s ability to obtain, maintain and protect its intellectual property; Scholar Rock’s ability to support its current and potential future collaborations, including its collaboration with Gilead; Scholar Rock’s dependence on third parties for development and manufacture of product candidates including to supply any clinical trials; and those risks more fully discussed in the section entitled "Risk Factors" in Scholar Rock’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, as well as discussions of potential risks, uncertainties, and other important factors in Scholar Rock’s subsequent filings with the Securities and Exchange Commission. Any forward-looking statements represent Scholar Rock’s views only as of today and should not be relied upon as representing its views as of any subsequent date. All information in this press release is as of the date of the release, and Scholar Rock undertakes no duty to update this information unless required by law.