PepGen announces proposed $125.0 million public offering of common stock
Proceeds fund ongoing clinical development of its product candidate and working capital, with underwriters granted a 30-day option for $18.75 million more.
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Biotechnology company developing genetic therapies for neuromuscular and neurological diseases
pepgen.comLast updated
In short: PepGen reported positive Phase 2 DM1 results and proposed a $125 million stock offering
Proceeds fund ongoing clinical development of its product candidate and working capital, with underwriters granted a 30-day option for $18.75 million more.
Mean splicing correction reaches 46.5%, with improvements in myotonia, grip strength, ambulation and mobility; PGN-EDODM1 is generally well tolerated with no serious adverse events.
Net loss was $17.8 million and cash totaled $117.2 million; a DSMB recommended advancing PGN-EDODM1 into the 12.5 mg/kg cohort.
Net loss was $17.8 million with $132.3 million cash; the 5 mg/kg FREEDOM2 cohort showed favorable safety and splicing, and the 10 mg/kg cohort is fully enrolled.
Mean splicing correction reached 46.5% at week 13, beating competitors' sub-30% results, as PepGen prepares to test a higher 12.5 mg/kg dose.
- U.S. FDA places FREEDOM2 trial on partial clinical hold related to preclinical pharmacology and toxicology - - Received regulatory clearance to initiate FREEDOM2 in...
Shots: PepGen has reported positive topline results from the 10mg/kg cohort of the P-II (FREEDOM2-DM1) MAD study evaluating PGN-EDODM1 (4 monthly IV doses; n=6) vs...
- DSMB recommends advancement of PGN-EDODM1 into the highest dose cohort in the FREEDOM2-DM1 study, as well as FREEDOM-OLE dose escalation from 5 mg/kg to...
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