STOCK TITAN

Alumis’ Envudeucitinib Delivers Early and Robust Improvements in Skin Clearance, Quality of Life and Psoriasis Symptoms in Two Phase 3 Trials, Underscoring Its Potential as a Leading Oral Therapy for Plaque Psoriasis

(Positive)

Alumis (Nasdaq: ALMS) reported Phase 3 ONWARD1 and ONWARD2 results for oral TYK2 inhibitor envudeucitinib, showing rapid, deep skin clearance and symptom relief. PASI 90 reached 68.0% and 62.1% at Week 24; PASI 100 reached 41.0% and 39.5% at Week 24.

Quality-of-life and itch improved early (DLQI ~50% at Week 12; >4-point itch improvement by Week 16). Safety was consistent with Phase 2. Alumis plans an NDA submission in H2 2026 and continues ONWARD3 extension.

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Positive

  • PASI 90 of 68.0% and 62.1% at Week 24
  • PASI 100 of 41.0% and 39.5% at Week 24
  • Approximately 75% achieved clear/almost clear scalp (ss-PGA 0/1) by Week 24
  • DLQI 0/1 in ~50% of patients by Week 12
  • Mean itch improvement >4 points on 0–10 NRS by Week 16

Negative

  • Long-term efficacy and safety still pending; ONWARD3 extension ongoing
  • Treatment-emergent adverse events included headache, nasopharyngitis, URTI, and acne

Market Context

This announcement delivers mature Phase 3 ONWARD1/2 data with high PASI 90/100 rates, early itch rel...
Analysis

This announcement delivers mature Phase 3 ONWARD1/2 data with high PASI 90/100 rates, early itch relief and scalp clearance, and a safety profile consistent with Phase 2. It builds on prior topline and AAD disclosures and supports plans for a New Drug Application in the second half of the year. Investors may track NDA progress, longer-term ONWARD3 extension results, financial trends around the $24,050 thousand 2025 revenue, and use of the S-3ASR capacity.

Key Figures

PASI 90 at Week 24: 68.0% and 62.1% PASI 100 at Week 24: 41.0% and 39.5% PASI 90 at Week 16: 59.9% & 53.1% vs 4.8% & 4.3% +5 more
8 metrics
PASI 90 at Week 24 68.0% and 62.1% Envudeucitinib in ONWARD1 and ONWARD2 Phase 3 trials
PASI 100 at Week 24 41.0% and 39.5% Complete skin clearance in Phase 3 ONWARD1 and ONWARD2
PASI 90 at Week 16 59.9% & 53.1% vs 4.8% & 4.3% Envudeucitinib vs placebo PASI 90 responses at Week 16
PASI 100 at Week 16 29.4% & 27.7% vs 0.9% & 0.9% Envudeucitinib vs placebo complete clearance at Week 16
DLQI 0/1 at Week 12 ≈50% of patients Envudeucitinib patients with minimal disease impact on quality of life
Itch improvement >4-point reduction Worst Pruritus NRS improvement from baseline by Week 16
2025 Revenue $24,050 thousand Total revenue in 2025, vs no revenue in 2024
2025 Net Loss $243,325 thousand Net loss for year ended Dec 31, 2025

Previous Clinical trial Reports

5 past events · Latest: Mar 18 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 18 AAD late-breaker notice Positive -3.0% Announced Phase 3 ONWARD1/2 data would be presented as AAD late-breaking talk.
Jan 06 Phase 3 topline data Positive +95.3% Reported positive Phase 3 ONWARD topline psoriasis results with strong PASI responses.
Jul 24 SLE Phase 2b enrollment Positive +0.5% Completed enrollment of 408 patients in LUMUS Phase 2b SLE trial.
May 29 Psoriasis Phase 3 enrollment Positive -0.8% Completed enrollment of >1,700 patients in pivotal ONWARD Phase 3 psoriasis program.
Mar 08 Phase 2 OLE data Positive -0.6% Presented 52-week Phase 2 OLE psoriasis data showing sustained PASI and QoL benefits.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical trial news for Alumis has generally been positive, but share-price reactions have been mixed, with both strong rallies and negative or muted moves following similar announcements.

Recent Company History

Over the past year, Alumis has steadily advanced its TYK2 portfolio. Phase 2 psoriasis data at AAD 2025 and subsequent Phase 3 ONWARD enrollment updates built the path to today’s detailed Phase 3 readout. Prior ONWARD topline results on Jan 6, 2026 drove a sharp 95.31% gain, while other clinical updates, including the AAD 2026 late‑breaker notice on Mar 18, 2026, saw modest declines. Today’s comprehensive efficacy and safety package fits this ongoing clinical progression.

Key Terms

pasi 90, pasi 100, tyrosine kinase 2 (tyk2) inhibitor, dermatology life quality index (dlqi), +4 more
8 terms
pasi 90 medical
"Envudeucitinib achieved robust PASI responses by Week 16, with significant continued improvements by Week 24 in PASI 90 (68.0%, 62.1%)"
PASI 90 is a clinical measure showing a 90% reduction in the size and severity of a patient’s psoriasis lesions compared with where they started, based on the Psoriasis Area and Severity Index (PASI). For investors, a drug or therapy that achieves PASI 90 signals very strong effectiveness—like shrinking a visible problem to almost nothing—which can boost the chances of regulatory approval, wider doctor use, higher pricing power and larger sales potential.
pasi 100 medical
"continued improvements by Week 24 in PASI 90 (68.0%, 62.1%) and PASI 100 (41.0%, 39.5%)"
PASI 100 is a clinical-trial measure meaning a patient’s psoriasis has cleared completely, showing a 100% improvement on the Psoriasis Area and Severity Index. Think of it like a before-and-after photo where all visible signs of the condition are gone. For investors, PASI 100 signals a therapy’s top-level effectiveness claim, which can drive regulatory approval prospects, market adoption and a product’s commercial value.
tyrosine kinase 2 (tyk2) inhibitor medical
"envudeucitinib, a next-generation, highly selective oral tyrosine kinase 2 (TYK2) inhibitor for moderate-to-severe plaque psoriasis."
A tyrosine kinase 2 (TYK2) inhibitor is a type of drug that blocks a specific protein involved in signaling the immune system, effectively turning down an overactive immune response much like lowering the volume on a loudspeaker. It matters to investors because successful TYK2 inhibitors can address autoimmune and inflammatory diseases, creating large markets, but their value hinges on clinical trial results, safety profiles, regulatory approval and competitive or patent risks.
dermatology life quality index (dlqi) medical
"approximately 50% of envudeucitinib patients2 achieved Dermatology Life Quality Index (DLQI) 0/1"
A short, standardized questionnaire that measures how much a skin condition affects a person’s daily life and emotional well‑being, scored on a simple scale. Investors use it like a consumer satisfaction rating for treatments: improvements in the score can signal meaningful patient benefit, influence regulatory and payer decisions, affect product labeling, and help predict uptake and commercial value of dermatology therapies.
worst pruritus numeric rating scale (nrs) medical
"achieved an average improvement of more than 4 points from baseline on the 0–10 Worst Pruritus Numeric Rating Scale (NRS)"
Worst pruritus numeric rating scale (NRS) is a patient-reported measure where individuals score the most severe itch they experienced over a defined period on a 0–10 scale, with 0 meaning no itch and 10 the worst imaginable. Investors care because changes in this single-number score are commonly used in clinical trials and regulatory decisions to demonstrate whether a therapy meaningfully reduces severe itching, affecting approval, labeling and potential market demand — like a thermometer reading that shows whether a treatment is actually working.
scalp specific physician’s global assessment (ss‑pga 0/1) medical
"clear or almost clear scalp psoriasis, measured by the Scalp Specific Physician’s Global Assessment (ss‑PGA 0/1)"
Scalp specific physician’s global assessment (ss‑PGA 0/1) is a clinician-rated score used in trials to describe how clear a patient’s scalp condition is; a score of 0 or 1 means the scalp is judged 'clear' or 'almost clear.' It matters to investors because it is a straightforward, standardized measure of a treatment’s effectiveness—similar to a before-and-after photo judged by a doctor—and strong ss‑PGA 0/1 results can support regulatory approval, marketing claims and commercial potential.
phase 3 medical
"announced new data from its Phase 3 ONWARD1 and ONWARD2 clinical trials evaluating envudeucitinib"
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
new drug application regulatory
"plans to submit a New Drug Application to the U.S. Food and Drug Administration in the second half of this year."
A new drug application is a formal request submitted to government regulators seeking approval to market a new medicine. It is like a detailed proposal that shows the drug has been tested for safety and effectiveness. For investors, receiving approval signals that the drug may soon become available for sale, potentially leading to revenue growth and impacting the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • Envudeucitinib achieved robust PASI responses by Week 16, with significant continued improvements by Week 24 in PASI 90 (68.0%, 62.1%) and PASI 100 (41.0%, 39.5%)

  • Quality‑of‑life improvements and itch relief emerged ahead of PASI 90 skin clearance, and clear or almost clear scalp psoriasis emerged by Week 4, highlighting envudeucitinib’s early onset and broad clinical benefit

  • Envudeucitinib demonstrated a favorable safety and tolerability profile consistent with the Phase 2 program

  • Results presented as a late-breaking oral presentation at the 2026 American Academy of Dermatology (AAD) Annual Meeting

  • Conference call and webcast scheduled for March 29, 2026, at 5:00 pm MDT / 7:00 pm EDT

SOUTH SAN FRANCISCO, Calif., March 28, 2026 (GLOBE NEWSWIRE) -- Alumis Inc. (Nasdaq: ALMS), a late-stage biopharmaceutical company developing next-generation targeted therapies for patients with immune-mediated diseases, today announced new data from its Phase 3 ONWARD1 and ONWARD2 clinical trials evaluating envudeucitinib, a next-generation, highly selective oral tyrosine kinase 2 (TYK2) inhibitor for moderate-to-severe plaque psoriasis. The data were presented in a late-breaking oral session at the 2026 AAD Annual Meeting.

Envudeucitinib demonstrated robust skin clearance, achieving high thresholds of clinical response at Week 16 that continued to deepen through Week 24 in both trials. Psoriasis Area and Severity Index (PASI) 90 responses, which emerged as early as Week 4, were achieved by 59.9% and 53.1% of envudeucitinib patients at Week 16 (and by 4.8% and 4.3% of placebo patients), increasing to 68.0% and 62.1% at Week 24. PASI 100 responses followed a similar trajectory, with 29.4% and 27.7% of envudeucitinib patients achieving complete skin clearance at Week 16 (as compared to 0.9% and 0.9% of placebo patients), rising to 41.0% and 39.5% at Week 24.

Envudeucitinib also demonstrated improvements in scalp psoriasis, a high-impact, difficult-to-treat area marked by profound effects on quality of life. At Week 24, approximately three out of four envudeucitinib patients1 achieved clear or almost clear scalp psoriasis, measured by the Scalp Specific Physician’s Global Assessment (ss‑PGA 0/1), with over 30% responding as early as Week 4.

Broad and meaningful clinical benefits emerged early. Notably, quality-of-life and itch improvements appeared before PASI 90 skin clearance responses and continued to deepen through Week 24 across both trials.

  • By Week 12, approximately 50% of envudeucitinib patients2 achieved Dermatology Life Quality Index (DLQI) 0/1, demonstrating minimal to no impact of disease on quality of life.
  • By Week 16, envudeucitinib patients achieved an average improvement of more than 4 points from baseline on the 0–10 Worst Pruritus Numeric Rating Scale (NRS), with clinically meaningful itch relief as early as Week 2—one of the most burdensome symptoms of psoriasis.

“What stands out with envudeucitinib in these trials is how quickly patients begin to feel relief from symptoms, and how deeply those improvements continue to build,” said leading dermatologist and psoriasis expert Dr. Andrew Blauvelt. “For people living with the daily burden of plaque psoriasis, this degree of skin clearance and symptom improvement from an oral investigational drug is impressive, especially when high‑impact sites are involved.”

Treatment with envudeucitinib was generally well tolerated through Week 24 in both trials, with a safety profile consistent with the Phase 2 program, including its long-term extension study. No clinically significant laboratory abnormalities or cases of tuberculosis reactivation were observed. Treatment-emergent adverse events were mostly mild, transient, self-limited, or responding to standard therapy, with the most common being headache, nasopharyngitis, upper respiratory tract infection, and acne. No new safety signals were observed.

“Envudeucitinib delivered the level of skin clearance, symptom relief, and safety in Phase 3 that the TYK2 mechanism has long promised but that has not been fully realized—until now—with sustained, maximal 24-hour inhibition of the IL-23 / IL-17 pathways,” said Dr. Jörn Drappa, Chief Medical Officer of Alumis. “The depth of clinical response, together with the favorable safety profile observed, underscores a differentiated clinical profile among marketed and investigational oral options and supports envudeucitinib’s potential to play a leading role in the treatment of patients with moderate‑to‑severe plaque psoriasis.”

Alumis is continuing to evaluate the long-term efficacy and safety of envudeucitinib in the ONWARD3 long-term extension trial and plans to submit a New Drug Application to the U.S. Food and Drug Administration in the second half of this year.

_______________
1 Based on patients with baseline ss‑PGA ≥3
2 Based on patients with baseline DLQI ≥2

Conference Call, Presentation and Webcast Details
Alumis will host a webcast for the investment community to review the Phase 3 ONWARD results presented at AAD which will begin at 5:00 pm MDT / 7:00 pm EDT on Sunday, March 29, 2026. The live webcast can be accessed via this link or on the Events tab on the Investors section of the Company’s website. A replay of the webcast will be made available on the Company’s website following the call. In addition, Alumis has posted the AAD presentation under the Publications section of the Company’s website.

About the Phase 3 ONWARD Clinical Program
The Phase 3 ONWARD clinical program includes two parallel global, multicenter, randomized, double-blind, placebo and active-comparator-controlled 24week trials—ONWARD1 (NCT06586112) and ONWARD2 (NCT06588738)—evaluating the efficacy and safety of envudeucitinib in adults with moderate-to-severe plaque psoriasis. More than 1,700 patients were enrolled and randomized 2:1:1 to receive envudeucitinib 40 mg twice daily, placebo, or apremilast. Co-primary endpoints at Week 16 were the proportion of patients achieving Psoriasis Area and Severity Index (PASI) 75 and static Physician’s Global Assessment (sPGA) 0/1 compared with placebo. Patients completing Week 24 were eligible to enter ONWARD3 (NCT06846541), an ongoing long-term extension study assessing durability, greater maintenance of response, and long-term safety. The ONWARD clinical trials did not have a fasting requirement.

About Envudeucitinib
Envudeucitinib is a next-generation, highly selective, oral allosteric inhibitor of tyrosine kinase 2 (TYK2) precision‑engineered for maximal 24‑hour TYK2 inhibition to correct immune dysregulation across a range of diseases driven by proinflammatory mediators, including IL-23, IL-17, and Type I interferon. It is the only TYK2 inhibitor shown to deliver maximal target inhibition over 24 hours in humans. Clinical data indicate its selective targeting delivered sustained, maximal 24-hour inhibition in patients with psoriasis while minimizing off-target binding and effects. Alumis is currently evaluating the long-term efficacy and safety of envudeucitinib in the Phase 3 ONWARD3 clinical program for moderate-to-severe plaque psoriasis. Envudeucitinib is also being evaluated in LUMUS, a potentially pivotal Phase 2b clinical trial in patients with systemic lupus erythematosus, with topline data expected in the third quarter of 2026.

About Plaque Psoriasis
Plaque psoriasis is a chronic, immune-mediated disease driven by dysregulated IL-23 and IL-17 pathways that cause painful, itchy, scaly patches. It affects more than 8 million adults in the U.S. and often involves high-impact areas such as the scalp, face, hands, feet, and nails, significantly disrupting daily life. According to the National Psoriasis Foundation, about one in four patients has moderate-to-severe disease, based on quality-of-life impact and body surface area involved. Many remain inadequately controlled on current oral and topical treatments, underscoring the need for more effective, safe, and durable oral options that address the full burden of disease.

About TYK2 in Immune-Mediated Disease
Tyrosine kinase 2 (TYK2) is a key immune-signaling enzyme that regulates pathways across innate and adaptive immunity, including the IL-23/IL-17 axis and Type I interferon signaling that drive many high-burden immune-mediated diseases. Selective TYK2 inhibition has been widely validated as an effective, safe, and well-tolerated therapeutic approach. Genomic analyses conducted by Alumis highlight TYK2’s broad therapeutic potential, showing that it contributes to the pathogenesis of roughly 20 immune-driven conditions—including psoriasis, lupus, psoriatic arthritis, rheumatoid arthritis, Crohn’s disease, and ulcerative colitis. Additional evidence supports a genetic rationale for TYK2 inhibition in neuroinflammatory and neurodegenerative diseases where targeting TYK2 may offer a novel approach to treatment.

About Alumis
Alumis is a late-stage biopharma company developing next-generation targeted therapies with the potential to significantly improve patient health and outcomes across a range of immune-mediated diseases. Leveraging its proprietary data analytics platform and precision approach, Alumis is developing a pipeline of oral tyrosine kinase 2 inhibitors, consisting of envudeucitinib for the treatment of systemic immune-mediated disorders, such as moderate-to-severe plaque psoriasis and systemic lupus erythematosus, and A-005 for the treatment of neuroinflammatory and neurodegenerative diseases. In addition, the pipeline includes lonigutamab, a subcutaneously delivered anti–insulin-like growth factor 1 receptor therapy for the treatment of thyroid eye disease, as well as several preclinical programs identified through this precision approach. For more information, visit www.alumis.com or follow us on LinkedIn or X.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will" and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation those regarding Alumis’ plans to submit an NDA in the second half of 2026, the potential for envudeucitinib to play a leading role in the treatment of patients with moderate‑to‑severe plaque psoriasis, the timing of Alumis’ topline readout in its LUMUS Phase 2b program and statements regarding Alumis’ future plans and prospects, including development of its clinical pipeline; and any assumptions underlying any of the foregoing, are forward-looking statements. Any forward-looking statements in this press release are based on Alumis’ current expectations, estimates and projections only as of the date of this release 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. Readers are cautioned that actual results, levels of activity, safety, efficacy, performance or events and circumstances could differ materially from those expressed or implied in Alumis’ forward-looking statements due to a variety of risks and uncertainties, which include, without limitation, risks and uncertainties related to whether regulatory authorities determine that envudeucitinib in moderate-to-severe plaque psoriasis is sufficiently safe and efficacious and grant regulatory approval; whether regulatory authorities accept for filing Alumis’ planned NDA submission; Alumis’ ability to obtain regulatory approval of and ultimately commercialize Alumis’ clinical candidates, the timing and results of preclinical and clinical trials, Alumis’ ability to fund development activities and achieve development goals, and Alumis’ ability to protect its intellectual property. Additional information on the above risks and uncertainties and additional risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Alumis’ filings and reports with the Securities and Exchange Commission (SEC) under the heading “Risk Factors” and elsewhere in such filings and reports, including any future reports Alumis may file with the SEC from time to time. Alumis explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.



Alumis Contact Information
Teri Dahlman
Red House Communications
teri@redhousecomms.com

FAQ

What Week 24 PASI 90 and PASI 100 results did Alumis (ALMS) report for envudeucitinib?

Envudeucitinib achieved PASI 90 rates of 68.0% and 62.1% and PASI 100 rates of 41.0% and 39.5% at Week 24. According to the company, these responses deepened from Week 16 and emerged as early as Week 4 in both trials.

How quickly did patients experience itch relief and quality-of-life improvement with ALMS envudeucitinib?

Patients showed clinically meaningful itch relief as early as Week 2 and >4-point mean improvement by Week 16. According to the company, about 50% achieved DLQI 0/1 by Week 12, indicating minimal to no impact on quality of life.

What scalp psoriasis results were reported for envudeucitinib in the ONWARD trials (ALMS)?

By Week 24, roughly three in four envudeucitinib patients achieved clear or almost clear scalp (ss-PGA 0/1). According to the company, over 30% of patients showed scalp response as early as Week 4, highlighting early benefit in a difficult-to-treat site.

What safety and tolerability findings did Alumis (ALMS) announce for envudeucitinib through Week 24?

Treatment was generally well tolerated with no new safety signals and no clinically significant lab abnormalities reported. According to the company, common treatment-emergent adverse events were headache, nasopharyngitis, upper respiratory infection, and acne.

When does Alumis (ALMS) plan to submit the NDA for envudeucitinib to the FDA?

Alumis plans to submit a New Drug Application in the second half of 2026. According to the company, the submission timeline follows Phase 3 ONWARD1/ONWARD2 results and ongoing evaluation in the ONWARD3 long-term extension.

Will Alumis (ALMS) provide investor details on the Phase 3 ONWARD results presentation?

Alumis hosted a conference call and webcast on March 29, 2026, to review ONWARD results and presented data at AAD 2026. According to the company, the webcast replay and AAD presentation are available on the company's investor website.