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Scholar Rock TO ADVANCE ANTIMYOSTATIN PROGRAM to develop novel therapies for CARDIOMETABOLIC DISORDERS Company plans to expand into cardiometabolic disorders, leveraging its experience in myostatin inhibition Preclinical

Key Takeaway: Scholar Rock (NASDAQ: SRRK) has announced plans to advance its myostatin inhibitor, SRK-439, targeting obesity and cardiometabolic disorders. The company aims to submit an IND application by 2025 and initiate a Phase 2 trial in 2024, exploring a combination with GLP-1 receptor agonists. Scholar Rock emphasizes its strengths in developing selective myostatin inhibitors, which could help patients maintain muscle mass during weight loss treatments. However, the company also notes inherent uncertainties in the clinical development process, particularly regarding the prediction of outcomes from future trials.
Price reaction · baseline $7.125 (2023-10-10 close) · hit after-hours · clean, no other SRRK news in the window
day 0 close · peak
-3.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Scholar Rock is advancing its myostatin program aimed at treating obesity, showcasing its innovative approach.
  • The company believes SRK-439 could address significant unmet needs in treating cardiometabolic disorders.
  • The upcoming Phase 2 trial and future IND application illustrate the progress and potential of their pipeline.

CONCERNS & RISKS

  • The article mentions risks and uncertainties that could affect the therapeutic potential of SRK-439.
  • There are concerns that preclinical and clinical data might not predict future clinical trial results.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+68%
120-day peak, hindsight
Typical move
8.7%
average across 5 past catalysts
Cash runway
~21 mo
Low dilution risk
Lead asset
Apitegromab
Phase 3 · Spinal Muscular Atrophy

Full Press Release Details

Rock TO ADVANCE ANTIMYOSTATIN PROGRAM to develop novel therapies for CARDIOMETABOLIC DISORDERS
CAMBRIDGE, Mass., October 11, 2023
(BUSINESS WIRE) -- Scholar Rock (NASDAQ: SRRK), a Phase 3, clinical-stage
biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, today
announced it plans to advance SRK-439, a novel investigational myostatin inhibitor for the treatment of obesity towards an investigational
new drug application (IND) in 2025. As part of the Company's strategy to advance the development of SRK-439, it intends to initiate
a Phase 2 proof-of-concept trial with apitegromab in combination with GLP-1 receptor agonist (GLP-1 RA) in 2024. Data from the clinical
trial are expected in mid-2025 and will be used to inform further clinical development of SRK-439.
"As a long-standing leader in targeting myostatin with a highly
selective antibody platform, we are excited to advance our cardiometabolic program. We have discovered multiple, highly selective myostatin
inhibitors and see potential with SRK-439 to retain lean muscle mass, a concern that is commonly associated with weight loss strategies,
including treatments currently on the market for obesity, a common, serious and costly public health issue affecting adults and children
globally. As apitegromab has shown to date in spinal muscular atrophy (SMA), muscle-targeted therapies that are well tolerated have the
potential to represent a new class of treatments across a wide range of diseases," said Jay Backstrom, M.D., M.P.H., President and
Chief Executive Officer of Scholar Rock. "While we continue to expand the development of our pipeline, our top priority remains
advancing the apitegromab program in SMA. We recently completed full enrollment of the pivotal Phase 3 SAPPHIRE trial of apitegromab in
SMA, for which we expect to read out topline data in Q4 2024."
Cardiometabolic program
Muscle plays a key role in metabolic functions and energy homeostasis.
Leveraging proven expertise in anti-myostatin and its effect on increasing muscle mass, the Company has been developing myostatin-selective
inhibitors to address cardiometabolic disorders, including obesity. Scholar Rock's platform has generated multiple antibody candidates,
including apitegromab, that selectively target pro- and latent forms of myostatin. The Company believes the selectivity of these antibody
candidates enables a favorable risk-benefit profile for patients with cardiometabolic disorders.
SRK-439, a novel anti-myostatin antibody candidate developed by Scholar
Rock, has attractive properties, including high in vitro affinity for pro- and latent myostatin, maintenance of myostatin specificity
(i.e., no GDF11 or Activin-A binding), and robust in vivo efficacy in preclinical models. Studies in diet-induced obese mice
showed that SRK-439 in combination with GLP-1 receptor agonist (GLP-1 RA) achieved:
"Cardiometabolic disorders are creating growing global medical
challenges and contribute to the development of serious health conditions, such as cardiovascular disease, Type 2 diabetes, and certain
cancers," said Mo Qatanani, Ph.D., Senior Vice President and Head of Research. "Leveraging our unique scientific platform,
Scholar Rock has developed SRK-439 with a proposed mechanism of action that aims to safely maintain muscle mass, while enhancing body
fat loss, thereby potentially enhancing metabolic health and potentially offering a unique opportunity to address a high unmet need in
treating metabolic conditions, including obesity. We look forward to presenting preclinical data on this new asset from our pipeline at
upcoming scientific conferences."
Scholar Rock is 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, and fibrosis. Scholar Rock's
approach to targeting the molecular mechanisms of growth factor activation enabled it to develop a proprietary platform for
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, Scholar Rock 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.
Scholar Rock is a registered trademark of Scholar
Forward-Looking Statements
This 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, any development plans, strategy and progress for
apitegromab and SRK-439, the timing of its clinical trials, anticipated clinical data, and therapeutic benefits for apitegromab and SRK-439,
and other product candidates and indication selection and development timing, the ability of any product candidate to perform in humans
in a manner consistent with earlier nonclinical, preclinical or clinical trial data, and the potential of apitegromab, SRK-439 and its
other product candidates and its proprietary platform. The use of words such as "may," "might," "could,"
"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, without limitation,
expectations regarding the therapeutic potential of SRK-439 for the treatment of obesity, planned timing for an IND submission for SRK-439,
that preclinical and clinical data, including the results from the Phase 2 clinical trial of apitegromab and preclinical studies of SRK-439,
are not predictive of, may be inconsistent with, or more favorable than, data generated from future clinical trials of the same product
candidates, including, without limitation, the Phase 3 clinical trial of apitegromab in SMA and preclinical studies of SRK-439, Scholar
Rock's ability to provide the financial support, resources and expertise necessary to identify and develop product candidates on
the expected timeline, the data generated from Scholar Rock's SAPPHIRE Phase 3 clinical trial, information provided or decisions
made by regulatory authorities, Scholar Rock's dependence on third parties for development and manufacture of product candidates
including, without limitation, to supply any clinical trials, as well as 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 June 30, 2023, 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.

Frequently Asked Questions

What is SRK-439 being developed for?

SRK-439 is a novel myostatin inhibitor aimed at treating obesity.

When is the Phase 2 trial for SRK-439 expected to start?

The Phase 2 trial is planned to commence in 2024.

What is Scholar Rock's main focus?

Scholar Rock focuses on developing therapies for serious diseases linked to growth factors.

What is the role of myostatin in obesity treatment?

Myostatin affects muscle mass, crucial for effective weight loss strategies.

When are clinical trial data for SRK-439 expected?

Data from the trial is anticipated in mid-2025.

Last updated: Oct 11, 2023