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Akero Therapeutics and HistoIndex Present New Analyses of Phase 2b HARMONY Trial in Oral and Poster Presentations at the EASL Congress 2025

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Akero Therapeutics (NASDAQ: AKRO) presented new analyses of their Phase 2b HARMONY trial for efruxifermin (EFX) in pre-cirrhotic MASH patients at EASL Congress 2025. The study utilized HistoIndex's AI-based qFibrosis® digital pathology analysis alongside conventional methods. Key findings showed that among patients treated with 50mg EFX, over 50% were classified as responders across all three endpoints (qFibrosis®, ELF test score, and FibroScan®), compared to less than 5% in the placebo group. At Week 96, the 50mg EFX group (N=26) showed similar response rates between conventional pathology (77%) and qFibrosis® (81%). Notably, qFibrosis® detected more responders at Week 24 (18 patients) compared to conventional pathology (10 patients), suggesting earlier detection of treatment response.
Akero Therapeutics (NASDAQ: AKRO) ha presentato nuove analisi del loro studio di Fase 2b HARMONY sull'efruxifermin (EFX) in pazienti con MASH pre-cirrotica al Congresso EASL 2025. Lo studio ha utilizzato l'analisi di patologia digitale qFibrosis® basata sull'IA di HistoIndex insieme ai metodi convenzionali. I risultati principali hanno mostrato che tra i pazienti trattati con 50 mg di EFX, oltre il 50% è stato classificato come responder in tutti e tre gli endpoint (qFibrosis®, punteggio del test ELF e FibroScan®), rispetto a meno del 5% nel gruppo placebo. Alla settimana 96, il gruppo 50 mg EFX (N=26) ha mostrato tassi di risposta simili tra la patologia convenzionale (77%) e qFibrosis® (81%). In particolare, qFibrosis® ha rilevato più responder alla settimana 24 (18 pazienti) rispetto alla patologia convenzionale (10 pazienti), suggerendo un rilevamento anticipato della risposta al trattamento.
Akero Therapeutics (NASDAQ: AKRO) presentó nuevos análisis de su ensayo de Fase 2b HARMONY para efruxifermin (EFX) en pacientes con MASH pre-cirrótico en el Congreso EASL 2025. El estudio utilizó el análisis de patología digital qFibrosis® basado en IA de HistoIndex junto con métodos convencionales. Los hallazgos clave mostraron que entre los pacientes tratados con 50 mg de EFX, más del 50% fueron clasificados como respondedores en los tres puntos finales (qFibrosis®, puntaje del test ELF y FibroScan®), en comparación con menos del 5% en el grupo placebo. En la semana 96, el grupo de 50 mg de EFX (N=26) mostró tasas de respuesta similares entre la patología convencional (77%) y qFibrosis® (81%). Cabe destacar que qFibrosis® detectó más respondedores en la semana 24 (18 pacientes) comparado con la patología convencional (10 pacientes), sugiriendo una detección más temprana de la respuesta al tratamiento.
Akero Therapeutics(NASDAQ: AKRO)는 EASL 2025 학회에서 간경변 전 단계 MASH 환자를 대상으로 한 efruxifermin(EFX)의 2상b HARMONY 임상시험에 대한 새로운 분석 결과를 발표했습니다. 본 연구는 기존 방법과 함께 HistoIndex의 AI 기반 qFibrosis® 디지털 병리 분석을 활용했습니다. 주요 결과는 50mg EFX를 투여받은 환자 중 50% 이상이 세 가지 평가 지표(qFibrosis®, ELF 검사 점수, FibroScan®) 모두에서 반응자로 분류되었음을 보여주었으며, 이는 위약군의 5% 미만과 비교됩니다. 96주차에 50mg EFX 그룹(N=26)은 기존 병리학(77%)과 qFibrosis®(81%) 간 유사한 반응률을 보였습니다. 특히 qFibrosis®는 24주차에 기존 병리학(10명)보다 더 많은 18명의 반응자를 검출하여 치료 반응을 더 일찍 감지할 수 있음을 시사합니다.
Akero Therapeutics (NASDAQ : AKRO) a présenté de nouvelles analyses de son essai de phase 2b HARMONY portant sur l'efruxifermin (EFX) chez des patients atteints de MASH pré-cirrhotique lors du Congrès EASL 2025. L'étude a utilisé l'analyse de pathologie numérique qFibrosis® basée sur l'IA de HistoIndex, en complément des méthodes conventionnelles. Les résultats clés ont montré que parmi les patients traités avec 50 mg d'EFX, plus de 50 % étaient classés comme répondeurs sur les trois critères (qFibrosis®, score du test ELF et FibroScan®), contre moins de 5 % dans le groupe placebo. À la semaine 96, le groupe 50 mg EFX (N=26) présentait des taux de réponse similaires entre la pathologie conventionnelle (77 %) et qFibrosis® (81 %). Notamment, qFibrosis® a détecté plus de répondeurs à la semaine 24 (18 patients) qu'en pathologie conventionnelle (10 patients), suggérant une détection plus précoce de la réponse au traitement.
Akero Therapeutics (NASDAQ: AKRO) präsentierte neue Analysen ihrer Phase-2b-HARMONY-Studie zu Efruxifermin (EFX) bei präzirrhotischen MASH-Patienten auf dem EASL-Kongress 2025. Die Studie nutzte die KI-basierte qFibrosis®-Digitale Pathologie-Analyse von HistoIndex neben konventionellen Methoden. Wesentliche Ergebnisse zeigten, dass bei Patienten, die mit 50 mg EFX behandelt wurden, über 50 % als Responder in allen drei Endpunkten (qFibrosis®, ELF-Testwert und FibroScan®) eingestuft wurden, verglichen mit weniger als 5 % in der Placebogruppe. In Woche 96 zeigte die 50 mg EFX-Gruppe (N=26) ähnliche Ansprechquoten zwischen konventioneller Pathologie (77 %) und qFibrosis® (81 %). Bemerkenswert ist, dass qFibrosis® in Woche 24 mehr Responder (18 Patienten) als die konventionelle Pathologie (10 Patienten) erkannte, was auf eine frühere Erkennung der Behandlungsreaktion hindeutet.
Positive
  • qFibrosis® analysis showed strong concordance with conventional pathology methods, validating EFX's anti-fibrotic activity
  • Over 50% of patients treated with 50mg EFX were responders across all three endpoints
  • High response rates at Week 96 with 77-81% of patients showing improvement
  • Earlier detection of treatment response possible with qFibrosis® compared to conventional methods
Negative
  • None.

Insights

Akero's new EFX analysis validates drug efficacy with advanced AI pathology tools, strengthening its position in competitive MASH treatment landscape.

The new analyses from Akero's Phase 2b HARMONY trial represent a significant technical validation of efruxifermin's (EFX) anti-fibrotic activity in pre-cirrhotic MASH patients. What makes this data particularly compelling is the concordance between multiple measurement methods - AI-based digital pathology (qFibrosis®) and two non-invasive tests (ELF test score and FibroScan®). This multi-modal confirmation substantially reduces uncertainty in efficacy assessment.

The findings address a critical challenge in MASH drug development: distinguishing true drug effects from placebo variability due to biopsy sampling limitations. With 81% of patients on 50mg EFX showing response via qFibrosis® at Week 96, compared to 77% via conventional pathology, the data reinforces EFX's efficacy profile. More revealing is that qFibrosis® identified 18 responders at Week 24 versus only 10 via conventional pathology, suggesting earlier detection of treatment benefits.

This has important implications for Akero's competitive positioning in the MASH treatment landscape. The ability to demonstrate meaningful fibrosis improvement across multiple measurement modalities strengthens EFX's clinical profile. The concordance rate where over 50% of 50mg EFX patients responded across all three endpoints (versus fewer than 5% of placebo patients) provides robust evidence of treatment effect.

For a serious metabolic disease with limited treatment options, these findings position EFX as a potentially differentiated therapy with measurable anti-fibrotic effects that can be detected earlier and verified through multiple methods. This methodological validation adds considerable weight to previously reported efficacy outcomes and could accelerate the path toward potential regulatory approval.

Analysis of EFX results with AI-based digital pathology underscores the potential value in evaluating histopathology response

Data contribute to growing body of support around the anti-fibrotic activity of EFX in patients with pre-cirrhotic MASH

SOUTH SAN FRANCISCO, Calif., May 10, 2025 (GLOBE NEWSWIRE) -- Akero Therapeutics, Inc. (Nasdaq: AKRO), a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, today announced results from new analyses of the 96-week Phase 2b HARMONY trial of efruxifermin (EFX) in patients with pre-cirrhotic (F2-F3 fibrosis) metabolic dysfunction-associated steatohepatitis (MASH) in an oral presentation and a poster presentation at the European Association for the Study of the Liver (EASL) Congress 2025 taking place May 7-10, in Amsterdam, the Netherlands.

The presentations corroborate the antifibrotic activity previously reported by conventional pathology for EFX in patients with pre-cirrhotic MASH. Specifically, among patients treated with EFX, digital pathology analysis by HistoIndex’s AI-based qFibrosis® showed concordance at the individual level with two non-invasive tests (NIT) of liver fibrosis—ELF test score and liver stiffness measurement (FibroScan®)—with more than half of patients treated with 50mg EFX classified as responders by all three endpoints compared to fewer than 5% of placebo patients.

“One of the challenges of developing a MASH investigational drug is distinguishing treatment effect from placebo ‘noise’ due to the inherent variability of biopsy sampling coupled with categorical pathology scoring,” said Kitty Yale, chief development officer at Akero. “As a continuous scoring scale, AI-based qFibrosis®, combined with the two NITs, reduces placebo noise, allowing the potent anti-fibrotic effect of EFX to be clearly differentiated from placebo.”

The poster presentation, based on a post-hoc analysis of the 96-week HARMONY trial in patients with F2-F3 MASH quantifying the amount of collagen in each zone of the liver using qFibrosis®, describes how the antifibrotic effect of EFX after 24 weeks treatment was greater than observed by conventional pathology, but after 96 weeks it was similar. For example, qFibrosis® analysis of Week 96 biopsy samples from 50mg EFX patients (N=26) revealed consistency between conventional pathology and qFibrosis®, with totals of 20 (77%) (conventional pathology) and 21 (81%) (qFibrosis®), respectively. However, only 10 of these patients were identified as responders at Week 24 by conventional pathology, whereas 18 of them were detected as responders at Week 24 using qFibrosis®.

Details for the presentations are as follows:

Oral Presentation

Title: Alignment of response assessed by non-invasive fibrosis biomarkers and HistoIndex AI-based qFibrosis histology in metabolic dysfunction associated steatohepatitis (MASH) clinical trials: a new roadmap for robust drug efficacy assessment demonstrated in the HARMONY trial
Speaker: Prof. Quentin M. Anstee, Ph.D., FRCP, Ruth & Lionel Jacobson Chair of Personalised Medicine, Dean of Research & Innovation in the Faculty of Medical Sciences, Newcastle University, UK
Date/Time: Saturday, May 10, 2025, from 10:30 am – 10:45 am CET
Abstract Identifier: OS-096
Oral Session: MASLD: Clinical and therapeutical aspects II

Poster presentation

Title: qFibrosis enables earlier detection of fibrosis response in Efruxifermin-treated patients with F2-F3 MASH in 96-week HARMONY study
Speaker: Jörn M. Schattenberg, M.D., Professor of Medicine, Director of the Department of Medicine, Saarland University Medical Center, University of Saarland
Date/Time: Saturday, May 10, 2025, from 8:30 am – 4:00 pm CET
Abstract Identifier: TOP-458
Session: Poster - MASLD: Therapy

About the HARMONY Study 
The Phase 2b HARMONY study was a multicenter, randomized, double-blind, placebo-controlled trial in biopsy-confirmed adult MASH patients with fibrosis stage 2 or 3. The study enrolled a total of 128 patients who were randomized to receive once-weekly subcutaneous dosing of 28 mg or 50 mg EFX, or placebo for 24 weeks, 126 of whom received at least one study dose. The primary efficacy endpoint for the study was the proportion of subjects who experienced ≥1-stage fibrosis improvement without worsening of MASH. The study continued for up to 96 weeks. Secondary endpoints at Week 96 included proportion of patients with ≥1-stage fibrosis improvement and no worsening of MASH, proportion of patients with 2-stage fibrosis improvement without worsening of MASH, and proportion of patients with ≥1-stage fibrosis improvement and MASH resolution, as well as changes from baseline in noninvasive markers of liver injury and fibrosis, glycemic control, lipoproteins, and change in body weight as well as safety and tolerability measures.

About EFX
Efruxifermin (EFX), Akero’s lead product candidate for MASH, is currently being evaluated in three ongoing Phase 3 studies. In multiple Phase 2 studies, EFX has been observed to reverse fibrosis (including compensated cirrhosis), resolve MASH, reduce non-invasive markers of fibrosis and liver injury, and improve insulin sensitivity and lipoprotein profile. This holistic profile offers the potential to address the complex, multi-system disease state of all stages of MASH, including improvements in lipoprotein risk factors linked to cardiovascular disease – the leading cause of death among MASH patients. Engineered to mimic the biological activity profile of native FGF21, EFX is designed to offer convenient once-weekly dosing and has been generally well-tolerated in clinical trials to date.

About Akero Therapeutics

Akero Therapeutics is a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, including metabolic dysfunction-associated steatohepatitis (MASH). Akero’s lead product candidate, efruxifermin (EFX), is currently being evaluated in three ongoing Phase 3 clinical studies: SYNCHRONY Histology in patients with pre-cirrhotic (F2-F3 fibrosis) MASH, SYNCHRONY Outcomes in patients with compensated cirrhosis (F4) due to MASH, and SYNCHRONY Real-World in patients with MASH or MASLD (metabolic dysfunction-associated steatotic liver disease). The Phase 3 SYNCHRONY program builds on the results of two Phase 2b clinical trials, the HARMONY study in patients with pre-cirrhotic MASH and the SYMMETRY study in patients with compensated cirrhosis due to MASH. Akero is headquartered in South San Francisco. Visit us at akerotx.com and follow us on LinkedIn and X for more information.

Forward Looking Statements 
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, statements regarding Akero’s business plans and objectives; the potential therapeutic effects and anti-fibrotic activity of EFX, as well as the dosing, safety and tolerability of EFX; and the potential benefits of analyzing results with AI-based digital pathology. Any forward-looking statements in this press release 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. Risks that contribute to the uncertain nature of the forward-looking statements include: the success, cost, and timing of Akero’s product candidate development activities and planned clinical trials; Akero’s ability to execute on its strategy; positive results from any of its clinical studies may not necessarily be predictive of the results of future or ongoing clinical studies; regulatory developments in the United States and foreign countries; Akero’s ability to fund operations; as well as those risks and uncertainties set forth more fully under the caption "Risk Factors'' in Akero’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (SEC) as well as discussions of potential risks, uncertainties and other important factors in Akero’s other filings and reports with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Akero undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Contact:
Christina Tartaglia
Precision AQ
212.362.1200
IR@akerotx.com

Media Contact:
Peg Rusconi
Deerfield Group
617.910.6217
Peg.rusconi@deerfieldgroup.com


FAQ

What were the key findings of Akero's HARMONY trial analysis presented at EASL 2025?

The analysis showed that over 50% of patients treated with 50mg EFX were responders across all three endpoints (qFibrosis®, ELF test, and FibroScan®), compared to less than 5% in the placebo group. At Week 96, the 50mg EFX group showed 77-81% response rates.

How does qFibrosis® digital pathology compare to conventional methods in AKRO's HARMONY trial?

qFibrosis® showed strong concordance with conventional pathology at Week 96 (81% vs 77% response rates) but detected more responders at Week 24 (18 vs 10 patients), suggesting earlier detection capability.

What is the significance of the HARMONY trial results for Akero Therapeutics (AKRO)?

The results validate EFX's anti-fibrotic activity in pre-cirrhotic MASH patients using multiple assessment methods, strengthening the evidence for the drug's effectiveness in treating liver fibrosis.

What advantages does AI-based qFibrosis® offer in MASH clinical trials?

qFibrosis® provides continuous scoring that reduces placebo noise compared to conventional biopsy sampling, allowing for clearer differentiation between treatment effect and placebo, and earlier detection of treatment response.
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