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Allakos Presents Preclinical Data Highlighting Inhibition of MRGPRX2-Mediated Mast Cell Activation with AK006 at AAAAI 2024

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Allakos Inc. (Nasdaq: ALLK) presented preclinical data on AK006's ability to inhibit mast cell activation and reduce inflammation in skin diseases like atopic dermatitis and prurigo nodularis at the 2024 AAAAI Annual Meeting.
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The preclinical findings on AK006 presented by Allakos Inc. at the AAAAI Annual Meeting are indicative of a potentially significant advancement in the treatment of inflammatory skin diseases. The dual mechanism of action of AK006, which involves both inhibition of mast cells and reduction of their numbers through antibody-dependent cellular phagocytosis (ADCP), addresses a novel therapeutic target, MRGPRX2. This receptor is implicated in IgE-independent mast cell activation, which is a key factor in diseases like atopic dermatitis and prurigo nodularis.

The implications for stakeholders, particularly investors and patients, are substantial. If AK006 progresses successfully through clinical trials and gains regulatory approval, it could represent a new class of treatment for these challenging conditions. The potential reduction in healthcare costs and improvement in patient quality of life could drive significant market demand for AK006. However, it is essential to remain cautious, as preclinical results do not always translate to human efficacy and safety.

Understanding the role of MRGPRX2 in skin inflammation is a critical step towards developing targeted therapies. In the context of dermatology, the ability to inhibit mast cell activation and reduce mast cell numbers directly in skin lesions can be transformative. Mast cells play a central role in allergic reactions and inflammatory responses and their dysregulation is a hallmark of skin diseases like atopic dermatitis and prurigo nodularis. AK006's potential to modulate these cells could lead to reduced severity of symptoms and disease progression.

From a clinical perspective, the focus on IgE-independent pathways is noteworthy, as current treatments primarily target IgE-dependent mechanisms. This could fill an unmet need for patients who do not respond adequately to existing therapies. The data suggesting that AK006 can reduce inflammation and mast cell numbers in an MRGPRX2-induced model is promising, but the efficacy and safety profile of AK006 will need to be thoroughly evaluated in human trials before any definitive conclusions can be drawn.

The development of AK006 by Allakos Inc. represents an intriguing investment opportunity within the biotechnology sector, especially in the niche market of treatments for inflammatory skin diseases. The specificity of AK006 in targeting MRGPRX2 could differentiate it from other therapeutics in the pipeline, which may lead to competitive advantages. The preclinical data indicating its dual action on mast cell inhibition and reduction is a key highlight for potential investors.

However, the path from preclinical to commercial product is fraught with regulatory hurdles and clinical trial uncertainties. Investors should monitor the progression of AK006 through these stages closely. The successful commercialization of AK006 could lead to substantial returns, but the inherent risks of drug development should be factored into any investment decisions. Additionally, the market size for atopic dermatitis and prurigo nodularis treatments and the positioning of AK006 within this market will be critical to assess its potential impact on Allakos Inc.'s financials.

– Atopic dermatitis and prurigo nodularis skin lesions show evidence of MRGPRX2 mast cell activation and activated macrophages –

– AK006 inhibited mast cell activation and reduced mast cell numbers in an MRGPRX2-induced skin inflammation model –

SAN CARLOS, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Allakos Inc. (Nasdaq: ALLK), a clinical-stage biotechnology company developing therapeutics that target immunomodulatory receptors present on immune effector cells involved in allergy, inflammatory and proliferative diseases, today announced a poster presentation at the 2024 American Academy of Allergy, Asthma & Immunology (AAAAI) Annual Meeting. The poster highlights preclinical data detailing AK006’s mechanism of action and ability to reduce MRGPRX2-induced skin inflammation.

Inappropriate mast cell activation, via IgE-dependent and IgE-independent pathways, has been implicated in the pathogenesis of multiple inflammatory skin diseases. IgE-dependent mast cell activation has been identified as a pathogenic driver of chronic spontaneous urticaria and food allergy and agents which target this pathway have demonstrated therapeutic activity. More recently, mast cell activation through MRGPRX2, an IgE independent mast cell activation pathway, has been implicated in the pathogenesis of chronic spontaneous urticaria, atopic dermatitis and prurigo nodularis.

AAAAI Presentation Details:
The poster, titled: “MRGPRX2-Mediated Mast Cell Activation is a Shared Pathogenic Mechanism in Atopic Dermatitis and Prurigo Nodularis Patients that can be Inhibited by Siglec-6” was presented on Friday, February 23rd, key findings include:

  • IgE-independent mast cell activation, via MRGPRX2, has been implicated in atopic dermatitis and prurigo nodularis disease pathogenesis
  • Atopic dermatitis and prurigo nodularis skin lesions contain mast cells displaying signs of MRGPRX2 activation, as well as elevated and activated macrophages
  • AK006 has a dual mechanism of action that inhibits mast cells and reduces mast cells via antibody dependent cellular phagocytosis (ADCP) in the presence of activated macrophages
  • In an MRGPRX2-induced skin inflammation model, AK006 reduced skin inflammation and reduced mast cells numbers via ADCP
  • By broadly inhibiting and reducing mast cells, AK006 has the potential to treat inflammatory skin diseases, such as atopic dermatitis, prurigo nodularis, and chronic spontaneous urticaria

The data presented Friday add to previous published preclinical data demonstrating that AK006 inhibits both IgE-dependent and IgE-independent mast cell activation and can reduce mast cell numbers at sites of inflammation where activated macrophages are found.

The poster is both available on the AAAAI website (Abstract ID: 191) as well as Allakos Scientific Presentations page.

About AK006

AK006 is a humanized IgG1 monoclonal antibody which activates the inhibitory receptor Siglec-6. Siglec-6 is a member of the family of cell surface receptors called Sialic acid-binding immunoglobulin-like lectins (Siglecs). Siglec-6 is expressed primarily on the surface of mature mast cells. Siglec-6 contains intracellular immunoreceptor tyrosine-based inhibitory motifs (ITIMs) which, when activated, recruit phosphatases that work to oppose activating signals driven by kinase signaling cascades. Because of this opposition to multiple activation pathways, AK006 has the potential to inhibit multiple modes of mast cell activation and has demonstrated preclinical inhibition of mast cell activation by IgE and through MRGPRX2 and KIT receptors. ITIM bearing receptors have important roles in regulating the immune system and therapeutics targeting ITIM bearing receptors, such as PD-1 and Siglec-10, have demonstrated therapeutic activity in oncology and immunology.

AK006 appears to drive deep mast cell inhibition and, in addition to its inhibitory activity, can reduce mast cell numbers via antibody-dependent cellular phagocytosis in the presence of activated macrophages. AK006 is currently being tested in a Phase 1 study in healthy volunteers and will begin dosing in early 2Q 2024 in patients with chronic spontaneous urticaria. Results from the Phase 1 study are expected throughout 2024.

About Allakos

Allakos is a clinical stage biotechnology company developing therapeutics that target immunomodulatory receptors present on immune effector cells involved in allergy, inflammatory and proliferative diseases. Activating these immunomodulatory receptors allows for the direct targeting of cells involved in disease pathogenesis and, in the setting of allergy and inflammation, has the potential to result in broad inhibition of inflammatory cells. The Company’s most advanced antibody in ongoing clinical development is AK006. AK006 targets Siglec-6, an inhibitory receptor expressed on mast cells. Mast cells are widely distributed in the body and play a central role in the inflammatory response. Inappropriately activated mast cells have been identified as key drivers in a number of severe diseases affecting the gastrointestinal tract, eyes, skin, lungs and other organs. In preclinical studies, AK006 appears to provide deep mast cell inhibition and, in addition to its inhibitory activity, reduce mast cell numbers. For more information, please visit the Company’s website at www.allakos.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, Allakos’ progress, business plans, areas of focus and preclinical research; the potential of AK006; and Allakos’ anticipated milestones. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including but not limited to: Allakos’ stages of clinical drug development; Allakos’ ability to timely initiate and complete clinical trials for AK006; Allakos’ ability to obtain required regulatory approvals for its clinical trials; uncertainties related to the enrollment of patients in its clinical trials; Allakos’ ability to demonstrate sufficient safety and efficacy of its product candidates in its clinical trials; uncertainties related to the success of clinical trials, regardless of the outcomes of preclinical testing or early-stage trials; Allakos’ ability to advance additional product candidates beyond AK006; uncertainties related to Allakos’ ability to realize the contemplated benefits of its restructuring and related reduction in force; Allakos’ ability to accurately forecast financial results; Allakos’ ability to obtain additional capital to finance its operations, research and drug development; general economic and market conditions, both domestic and international; domestic and international regulatory obligations; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that Allakos files from time to time to with the SEC. These documents contain and identify important factors that could cause the actual results for Allakos to differ materially from those contained in Allakos’ forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Allakos specifically disclaims any obligation to update any forward-looking statement, except as required by law. These forward-looking statements should not be relied upon as representing Allakos’ views as of any date subsequent to the date of this press release.

Source: Allakos Inc.

Investor Contact:
Adam Tomasi, President
Alex Schwartz, VP Strategic Finance and Investor Relations
ir@allakos.com

Media Contact:
Denise Powell
denise@redhousecomms.com


FAQ

What did Allakos Inc. present at the 2024 AAAAI Annual Meeting?

Allakos Inc. presented preclinical data on AK006's mechanism of action and its ability to reduce MRGPRX2-induced skin inflammation.

What is the significance of mast cell activation in inflammatory skin diseases?

Mast cell activation, particularly via MRGPRX2, has been implicated in atopic dermatitis, prurigo nodularis, and chronic spontaneous urticaria.

How does AK006 work to reduce mast cell numbers?

AK006 inhibits mast cells and reduces their numbers via antibody dependent cellular phagocytosis (ADCP) in the presence of activated macrophages.

Which skin diseases can AK006 potentially treat?

AK006 has the potential to treat inflammatory skin diseases like atopic dermatitis, prurigo nodularis, and chronic spontaneous urticaria by inhibiting and reducing mast cells.

Allakos Inc.

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About ALLK

allakos inc is a biotechnology company located in 7400 paseo padre pkwy, fremont, ca, united states.