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argenx Announces Positive Topline Results from Phase 3 ALKIVIA Trial of Efgartigimod in Autoimmune Myositis

(Neutral)
(Positive)

argenx (Euronext & Nasdaq: ARGX) reported positive topline results from the Phase 3 ALKIVIA trial of subcutaneous VYVGART Hytrulo (efgartigimod alfa and hyaluronidase-qvfc) in adults with autoimmune myositis, including immune-mediated necrotizing myopathy (IMNM) and dermatomyositis (DM).

The study met its primary endpoint: in the combined IMNM+DM population, efgartigimod achieved a 15.4‑point greater mean Total Improvement Score (TIS) at Week 52 versus placebo (47.95 vs 32.56; p=0.0011). Treatment benefits emerged by Week 4 and were sustained through one year despite protocol-mandated steroid tapering.

Prespecified analyses showed the Week 52 primary endpoint was also met in IMNM alone, with a 14.8‑point TIS advantage (45.05 vs 30.24; p=0.0048). In DM, a similar 14.5‑point improvement (51.51 vs 36.96; p=0.1093) was observed, though statistical significance was not reached in this smaller cohort. All six TIS core measures favored efgartigimod, and the safety profile was consistent with prior experience.

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Positive

  • Primary endpoint met: 15.4‑point higher mean TIS at Week 52 vs placebo (47.95 vs 32.56; p=0.0011) in combined IMNM+DM population
  • IMNM subgroup significance: 14.8‑point higher TIS vs placebo at Week 52 (45.05 vs 30.24; p=0.0048)
  • Early and sustained effect: statistically significant separation from placebo from Week 4 maintained through 52 weeks with steroid tapering
  • Consistent safety: efgartigimod was well-tolerated; safety profile aligned with prior studies and known profile
  • First Phase 3 signal in IMNM: study described as first Phase 3 to show statistically significant and clinically meaningful disease activity improvements in IMNM, where no approved therapy exists

Negative

  • DM subgroup not statistically significant: 14.5‑point TIS improvement vs placebo (51.51 vs 36.96) in DM had p=0.1093, not reaching statistical significance in this smaller cohort

Market Context

Tag-specific clinical-trial history recorded an average move of -0.56%. The platform record added co...
Analysis

Tag-specific clinical-trial history recorded an average move of -0.56%. The platform record added context beyond this positive readout: favorable clinical evidence had not produced a uniform historical outcome. The key risk was statistical non-significance in the DM subtype, while detailed meeting results remained relevant.

Key Figures

Primary endpoint p-value: p=0.0011 TIS improvement: 15.4 points; 47.95 vs 32.56 IMNM p-value: p=0.0048 +5 more
8 metrics
Primary endpoint p-value p=0.0011 Combined IMNM and DM population
TIS improvement 15.4 points; 47.95 vs 32.56 Efgartigimod versus placebo at Week 52
IMNM p-value p=0.0048 Prespecified IMNM subtype analysis
IMNM TIS improvement 14.8 points; 45.05 vs 30.24 Efgartigimod versus placebo at Week 52
DM TIS improvement 14.5 points; p=0.1093; 51.51 vs 36.96 Efgartigimod versus placebo at Week 52
Study enrollment 264 patients ALKIVIA study
Phase 3 enrollment 175 patients ALKIVIA Phase 3 study
Treatment period 52 weeks Phase 3 primary endpoint assessment

Previous Clinical trial Reports

5 past events · Latest: Feb 26 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Feb 26 Phase 3 trial data Positive -5.6% Positive ADAPT OCULUS topline results met the primary endpoint with statistical significance.
Jan 13 FDA review acceptance Positive +1.8% FDA accepted the supplemental BLA with Priority Review and a PDUFA target date.
Aug 25 Phase 3 trial data Positive +2.6% ADAPT SERON achieved its primary endpoint with statistically significant clinical improvements.
Jun 30 Phase 1b trial data Positive -1.6% ARGX-119 advanced toward registrational development following favorable Phase 1b results.
Jun 10 Phase 2 trial data Positive -0.1% EULAR presentation highlighted positive efgartigimod myositis and Sjogren's disease data.

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

Pattern Detected

Positive clinical-trial news produced mixed historical reactions, with three of five tag-matched events showing negative price reactions and an average move of -0.56%.

Key Terms

total improvement score, immune-mediated necrotizing myopathy, FcRn, corticosteroid taper
4 terms
total improvement score medical
"mean Total Improvement Score (TIS) at Week 52"
A total improvement score is a single-number summary used in clinical trials to capture how much a patient’s overall health has improved across several different measures (such as symptoms, physical function, and lab tests). For investors, it matters because regulators and doctors often rely on that combined score to judge a drug’s effectiveness—think of it as a report card grade that can sway approval decisions, market adoption, and projected sales.
immune-mediated necrotizing myopathy medical
"immune-mediated necrotizing myopathy (IMNM) and dermatomyositis"
An autoimmune muscle disease in which the body's immune system attacks and destroys muscle fibers, causing painless or painful muscle weakness and elevated muscle enzymes. It matters to investors because it can drive clinical trial design, drug safety concerns, regulatory reviews, and potential markets for therapies—think of it like a malfunctioning alarm system that damages a factory's machinery, creating both risks and opportunities for companies working on diagnostics, treatments, or related medical products.
FcRn medical
"precision targeting of FcRn with efgartigimod"
The neonatal Fc receptor (FCRN or FcRn) is a protein that controls how long antibodies and the blood protein albumin stay in circulation by protecting them from being broken down. For investors, therapies that block or harness FcRn can change a drug’s dosing, effectiveness and market appeal—either by lengthening beneficial antibodies for longer-lasting treatments or by reducing harmful antibodies in autoimmune disease—so progress in FcRn-targeted programs can materially affect a biotech’s commercial value.
corticosteroid taper medical
"included a protocol-mandated corticosteroid taper throughout the study"
A corticosteroid taper is a planned, gradual reduction in the dose of steroid medications so the body’s natural hormone systems can readjust after prolonged treatment, similar to slowly turning down a thermostat rather than shutting it off suddenly. It matters to investors because tapering schedules affect clinical trial safety, drug labeling, real-world use, treatment durations, and healthcare costs, which in turn influence regulatory outcomes, market demand, and revenue projections for therapies involving corticosteroids.

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

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  • Study met primary endpoint of mean Total Improvement Score (TIS) at Week 52 in the combined study population of IMNM and DM patients (p=0.0011)
  • Patient improvements observed early and sustained throughout study; consistent treatment effect across IMNM and DM
  • First Phase 3 study to show statistically significant and clinically meaningful improvements in disease activity in IMNM, a subtype with no approved therapy
  • argenx to host a conference call on August 17th at 2:30 PM CET/ 8:30 AM ET

August 17, 2026, 7:00 AM CET

Amsterdam, the Netherlands – argenx SE (Euronext & Nasdaq: ARGX), a global immunology innovation company, today announced positive topline results from the ALKIVIA Phase 3 study evaluating VYVGART® Hytrulo (efgartigimod alfa and hyaluronidase-qvfc) in adults with autoimmune myositis.

Study met its primary endpoint (p=0.0011)

  • In the combined immune-mediated necrotizing myopathy (IMNM) and dermatomyositis (DM) population, patients treated with efgartigimod demonstrated statistically significant and clinically meaningful 15.4-point greater improvement in mean Total Improvement Score (TIS) at Week 52 versus placebo (47.95 vs 32.56).

Rapid and sustained treatment benefit

  • In the combined population, patients treated with efgartigimod consistently showed improvements over placebo starting at Week 4 that were statistically significant and sustained through the full year of treatment, even with steroid tapering.

Magnitude of clinical improvement consistent across both IMNM and DM

  • In prespecified subtype analyses, the primary endpoint of Mean TIS at 52 weeks was also met in IMNM patients treated with efgartigimod (p=0.0048), with a 14.8-point greater improvement over placebo (45.05 vs 30.24). In DM, a similar clinically meaningful improvement of 14.5 points (p=0.1093) was observed (51.51 vs 36.96), though statistical significance was not reached in this smaller cohort.

Clinical impact observed in both muscle and skin measures

  • In both IMNM and DM, all six core set measures of TIS contributed to the treatment effect, each favoring efgartigimod over placebo, spanning muscle strength, everyday physical function, and disease activity beyond the muscle. In DM, improvement in skin disease activity was also observed.

Efgartigimod was well-tolerated by patients in the ALKIVIA study. The observed safety profile was consistent with prior studies and the known safety profile of efgartigimod.

"For decades, people living with autoimmune myositis have relied on corticosteroids and broad immunosuppression, and those with IMNM have had no approved option at all. These are the first Phase 3 results to show that precision targeting of FcRn with efgartigimod can deliver meaningful benefit in this disease," said Luc Truyen, M.D., Ph.D., Chief Medical Officer at argenx. “The patient response to efgartigimod was durable and multidimensional: separation from placebo emerged early and held through a full year of treatment, with a treatment effect of comparable magnitude in IMNM and DM. This confirms that pathogenic IgG autoantibodies are key drivers of autoimmune myositis. We are grateful to the patients, caregivers, and investigators who made this pioneering study possible."

“For people living with myositis, the goal is straightforward: regain strength and function, and get off long-term steroids. Until now we have had limited targeted therapies to offer patients,” said Rohit Aggarwal, M.D., M.S., Professor of Medicine and Co-Director of the Myositis Center at the University of Pittsburgh, and an ALKIVIA investigator. “IMNM is the most refractory form of this disease and many of these patients carry irreversible muscle damage, which makes meaningful improvement genuinely difficult to achieve. That is what makes these results so compelling and groundbreaking. In DM, the magnitude of improvement was comparable – and for a community where treatment options remain limited and the burden of chronic steroids is just as heavy, that matters. Together, these results tell us that reducing pathogenic autoantibodies is clinically meaningful and a major step forward for patients who are in need of a targeted treatment.”

Detailed results from the ALKIVIA study will be presented at an upcoming medical meeting.

Efgartigimod continues to be evaluated as a potential treatment in other autoimmune rheumatologic diseases, including Sjögren’s disease and systemic sclerosis.

argenx Conference Call Details
argenx will host an investor conference call and webcast today at 2:30 PM CET/ 8:30 AM ET to discuss the results. A webcast of the conference call may be accessed on the Investors section of the argenx website at argenx.com/investors.

Participants can access the conference call by dialing 800-590-8290 (United States and Canada) or 240-690-8800 (International). Country specific dial-in numbers are listed below:

Belgium                32 2290 4635
France                        33 172 001717
Netherlands                31 20 795 2683
United Kingdom        44 203 393 1560
Japan                        81 3 4520 9761
Switzerland                41 43 210 51 68

Use the access code 3810049 to join the call. Please dial in 15 minutes prior to the live call.

A replay of the webcast will be available on the argenx website.

About the ALKIVIA Study
The ALKIVIA study was a global, randomized, double-blind, placebo-controlled, multicenter, operationally seamless Phase 2/3 study of efgartigimod SC for the treatment of autoimmune myositis across IMNM, DM and PM. The ALKIVIA study enrolled 264 patients who had active disease and were on background treatment. Participants were randomized (1:1) to receive weekly injections of efgartigimod PH20 SC or matched to placebo PH20 SC. The study was conducted in two phases, with an analysis of the Phase 2 portion of the clinical trial after the first 89 patients completed the study, followed by Phase 3. The Phase 3 study enrolled 175 patients and included a protocol-mandated corticosteroid taper throughout the study. The primary endpoint of Phase 3 was the mean Total Improvement Score (TIS) at the end of the treatment period of 52 weeks of all treated patients compared to placebo. Prespecified analyses evaluated the combined IMNM and DM population and each subtype separately.

ALKIVIA was conducted globally across North America, Europe, the Middle East, and Asia-Pacific, including China and Japan. argenx has an exclusive license agreement with Zai Lab for the development and commercialization of VYVGART and VYVGART Hytrulo in Greater China. Through this agreement, Zai Lab recruited Chinese patients into the ALKIVIA trial.

About Autoimmune Myositis
Autoimmune myositis is a heterogenous disease spectrum with autoimmune-mediated pathophysiology, characterized by chronic inflammation and progressive muscle weakness, and in some subtypes by skin involvement and other extramuscular manifestations. Proximal muscle weakness is a hallmark clinical feature across subtypes.

Approximately 100,000 people in the United States live with autoimmune myositis, including approximately 20,000 with IMNM and approximately 40,000 with DM. Up to 80 percent of patients report long-term disability despite treatment. There are currently no targeted treatments available, and care and treatment relies primarily on corticosteroids and broad immunosuppressants, which are associated with significant cumulative toxicity, including metabolic, cardiovascular, musculoskeletal and infectious complications.

Advances in the understanding of autoimmune myositis biology have highlighted the central role of antibody-mediated immunity, with pathogenic IgG autoantibodies contributing to muscle fiber damage and extramuscular manifestations across subtypes. FcRn maintains circulating IgG levels by recycling IgG antibodies, including pathogenic autoantibodies. Efgartigimod is designed to selectively block FcRn, reducing pathogenic IgG autoantibodies while preserving other aspects of immune function.

About VYVGART
VYVGART® (efgartigimod alfa fcab) is a first-in-class human IgG1 antibody fragment that binds to the neonatal Fc receptor (FcRn), resulting in the reduction of circulating IgG autoantibodies. VYVGART Hytrulo® is a subcutaneous combination of efgartigimod alfa (VYVGART) and recombinant human hyaluronidase PH20 (rHuPH20), Halozyme’s ENHANZE® drug delivery technology to facilitate subcutaneous injection delivery of biologics. VYVGART is approved for generalized myasthenia gravis (gMG) and immune thrombocytopenia (Japan only). VYVGART Hytrulo is approved for gMG and chronic inflammatory demyelinating polyneuropathy (CIDP). VYVGART Hytrulo may be marketed under different proprietary names in other regions.

About argenx
argenx is a global immunology innovation company committed to improving the lives of people suffering from severe autoimmune diseases. Partnering with leading academic researchers through its Immunology Innovation Program (IIP), argenx aims to translate immunology breakthroughs into a world-class portfolio of novel antibody-based medicines. argenx developed and is commercializing the first approved neonatal Fc receptor (FcRn) blocker and is evaluating its broad potential in multiple serious autoimmune diseases while advancing several earlier stage experimental medicines within its therapeutic franchises. For more information, visit  www.argenx.com  and follow us on LinkedInInstagramFacebook, and YouTube.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (Regulation 596/2014).

Media Contact
Colin McBean
cmcbean@argenx.com

Investor Contact
Alexandra Roy
aroy@argenx.com

Forward-Looking Statements

The contents of this press release include statements that are, or may be deemed to be, “forward-looking statements.” These forward-looking statements generally can be identified by the use of forward-looking words, such as “aim”, “anticipate”, “aspire”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “entail”, “forecast”, “future”, “goals”, “hope”, “intend”, “is designed to”, “likely”, “may”, “might”, “objective”, “plan”, “possible”, “potential”, “pursue”, “project”, “predict”, “seek”, “should”, “strategy”, “target”, “will” and other words and terms of similar meaning and expression, including in connection with any discussion of future operating or financial performance. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. argenx’s actual results may differ materially from those predicted by the forward-looking statements as a result of various important factors, including but not limited to, the results of argenx’s clinical trials; uncertainties associated with the development of novel drug therapies; preclinical and clinical trial and product development risks and setbacks; interpretation of argenx’s clinical trial data by regulatory authorities and argenx’s ability to obtain regulatory approval; the risk that early stage clinical trials may not be predictive of results in later stage or large scale clinical trials; the occurrence of adverse safety events or participant dropouts; the acceptance of its products and product candidates by its patients as safe, effective, and cost-effective; the impact of governmental laws and regulations, including tariffs, export controls, sanctions and other regulations on its business; the impact of healthcare regulations, including rules on reimbursement for argenx’s products; competition in drug discovery, development and commercialization efforts; its reliance on third-party suppliers, service providers and manufacturers; and instability and conflicts in the regions in which the company has suppliers or markets for its products. A further list and description of these and other risks, uncertainties, and factors that could cause actual results to differ materially from those referred to in the forward-looking statements can be found in argenx’s U.S. Securities and Exchange Commission (SEC) filings and reports, including in argenx’s most recent annual report on Form 20-F filed with the SEC as well as subsequent filings and reports filed by argenx with the SEC. Given these risks and uncertainties, the reader is advised not to place undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this press release. argenx undertakes no obligation to publicly update or revise the information in this press release, including any forward-looking statements, except as may be required by law.


FAQ

What did argenx (ARGX) announce about the Phase 3 ALKIVIA trial in autoimmune myositis?

argenx reported that the Phase 3 ALKIVIA trial of VYVGART Hytrulo met its primary endpoint in the combined IMNM and DM population. According to argenx, efgartigimod produced a 15.4‑point higher mean Total Improvement Score at Week 52 versus placebo, with sustained benefits over one year.

How much improvement did efgartigimod show in the ALKIVIA Phase 3 trial for ARGX at Week 52?

According to argenx, efgartigimod achieved a 15.4‑point greater mean Total Improvement Score at Week 52 versus placebo in the combined IMNM and DM population. Mean scores were 47.95 for efgartigimod and 32.56 for placebo, with a p‑value of 0.0011 indicating statistical significance.

What were the Phase 3 ALKIVIA results for IMNM patients treated with efgartigimod (ARGX)?

In IMNM, the prespecified Phase 3 primary endpoint was met for patients treated with efgartigimod. According to argenx, efgartigimod produced a 14.8‑point higher mean Total Improvement Score at Week 52 versus placebo (45.05 vs 30.24), with a p‑value of 0.0048 demonstrating statistical significance.

Were the dermatomyositis (DM) results statistically significant in argenx’s ALKIVIA Phase 3 trial (ARGX)?

In DM, efgartigimod showed a 14.5‑point higher mean Total Improvement Score at Week 52 versus placebo. According to argenx, this difference (51.51 vs 36.96) did not reach statistical significance, with a reported p‑value of 0.1093 in this smaller DM cohort.

How was the safety profile of efgartigimod in the ALKIVIA Phase 3 autoimmune myositis trial for ARGX?

According to argenx, efgartigimod was well-tolerated in the ALKIVIA study. The observed safety profile was consistent with prior efgartigimod studies and its known safety profile, supporting continued development in autoimmune myositis and other autoimmune rheumatologic diseases.

What is the design and scale of argenx’s ALKIVIA Phase 2/3 trial in autoimmune myositis (ARGX)?

ALKIVIA is a global, randomized, double-blind, placebo-controlled, multicenter, operationally seamless Phase 2/3 trial. According to argenx, it enrolled 264 patients with active autoimmune myositis across IMNM, DM and PM, with 175 patients in Phase 3 and weekly subcutaneous efgartigimod or placebo plus steroid taper.

When is argenx (ARGX) holding its investor call about the ALKIVIA Phase 3 results?

argenx scheduled an investor conference call and webcast on August 17, 2026, at 2:30 PM CET / 8:30 AM ET. According to argenx, investors can access the live webcast via the company’s investor website, with replay available afterward for on-demand listening.