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New Two-Year Data from Pivotal ApproaCH Trial Showing Durable Benefits of TransCon® CNP (Navepegritide) in Children with Achondroplasia Shared at ACMG 2026

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Ascendis Pharma (Nasdaq: ASND) shared two-year data from the pivotal ApproaCH Trial showing once-weekly TransCon CNP (navepegritide) sustained linear growth benefits through Week 104 and further improved body proportionality in children with achondroplasia.

Key facts: randomized trial in 84 children (2–11 years), upper-to-lower segment ratio improved from -0.04 at Week 52 to -0.10 at Week 104, 80 of 84 completed the trial, FDA approved YUVIWEL in Feb 2026, EMA decision expected Q4 2026, tolerability was generally favorable with no symptomatic hypotension and injection-site reactions at 0.35 per person-year.

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Positive

  • FDA approval of YUVIWEL in Feb 2026 for pediatric achondroplasia
  • Upper-to-lower body ratio improved to -0.10 at Week 104
  • High retention: 80 of 84 participants completed the pivotal trial
  • Low injection-site reaction rate of 0.35 per person-year

Negative

  • European regulatory decision is still pending with EMA decision anticipated Q4 2026
  • Pivotal ApproaCH dataset is limited to 84 children

Key Figures

Trial duration: 104 weeks Dose: 100 µg/kg once-weekly Participants: 84 children +5 more
8 metrics
Trial duration 104 weeks Two-year ApproaCH pivotal trial follow-up
Dose 100 µg/kg once-weekly TransCon CNP dose in ApproaCH pivotal trial
Participants 84 children Randomized in ApproaCH trial, aged 2–11 years
Body ratio change -0.04 to -0.10 Upper-to-lower body segment ratio from Week 52 to Week 104
Placebo-switch ratio -0.02 to -0.10 Upper-to-lower segment ratio after switch from placebo to TransCon CNP
Injection-site reactions 0.35 per person-year Rate of mild injection-site reactions over two years
Trial completion 80 of 84 children Completed ApproaCH trial and entered AttaCH extension
EMA decision timing Q4 2026 Anticipated EU decision on YUVIWEL Marketing Authorization Application

Market Reality Check

Price: $225.98 Vol: Volume 603,018 vs. 20-day...
normal vol
$225.98 Last Close
Volume Volume 603,018 vs. 20-day average 741,040 (relative volume 0.81) indicates quieter-than-normal trading ahead of this update. normal
Technical Shares at $225.98 are trading above the 200-day MA of $200.61 and about 9.1% below the 52-week high of $248.60.

Peers on Argus

ASND was down 1.32% pre-news while key biotech peers showed mixed moves: EXEL -1...
1 Down

ASND was down 1.32% pre-news while key biotech peers showed mixed moves: EXEL -1.02%, IONS -2.76%, BMRN -1.15% versus SMMT +2.68% and BBIO +0.70%, pointing to a stock-specific setup rather than a unified sector trend.

Historical Context

5 past events · Latest: Mar 02 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Mar 02 Conference participation Neutral +3.7% TD Cowen healthcare conference fireside chat and webcast availability.
Feb 27 FDA approval Positive +3.7% FDA accelerated approval of once-weekly YUVIWEL for pediatric achondroplasia.
Feb 11 Earnings release Negative -1.5% Q4 and full-year 2025 results with strong revenue but full-year net loss.
Feb 04 Earnings date notice Neutral -1.1% Announcement of date and time for full-year 2025 earnings call.
Jan 09 Strategic roadmap Positive +2.8% 2026 roadmap, preliminary 2025 metrics, and regulatory timelines ahead of JPM talk.
Pattern Detected

Recent price reactions often aligned with the perceived importance of news: regulatory milestones and strategy updates saw positive moves, while earnings and neutral scheduling items drew modest weakness.

Recent Company History

Over the last few months, Ascendis has marked several key milestones. A Jan 9 strategic roadmap highlighted 2025 revenue around €683M and a $120M repurchase program. Earnings on Feb 11 showed Q4 product revenue of €240M and full‑year revenue of €684M, alongside a full‑year net loss of €228M. The pivotal moment was FDA accelerated approval of YUVIWEL on Feb 27, with shares gaining 3.68%. Today’s two‑year ApproaCH data extends that narrative by adding durability and safety detail to the approved product profile.

Market Pulse Summary

This announcement adds two-year data from the pivotal ApproaCH trial, showing sustained improvements...
Analysis

This announcement adds two-year data from the pivotal ApproaCH trial, showing sustained improvements in growth and body proportionality and a favorable safety profile through Week 104. It complements the recent FDA approval of YUVIWEL for children aged 2+ and precedes an expected EMA decision in Q4 2026. Investors may focus on long-term retention, reflected by 80 of 84 participants entering the AttaCH extension, and on how these durable outcomes support broader adoption and future regulatory reviews.

Key Terms

achondroplasia, c-type natriuretic peptide, randomized, double-blind, placebo-controlled, open-label extension, +1 more
5 terms
achondroplasia medical
"children with achondroplasia treated with once-weekly TransCon CNP"
A genetic condition that causes the most common form of short stature, where a specific change in a growth-control gene makes the long bones grow more slowly, producing a distinct body proportion and sometimes breathing, spinal or joint issues. It matters to investors because it defines a clear patient population, predictable medical needs and regulatory pathways for drugs or devices—similar to a niche market with steady, long-term demand for effective treatments or supportive care.
c-type natriuretic peptide medical
"TransCon CNP is a prodrug of C-type natriuretic peptide (CNP) administered once weekly"
C-type natriuretic peptide is a small, naturally occurring protein the body uses to relax blood vessels and regulate cell growth, especially in blood vessel walls and bone. Think of it as a local traffic cop that calms traffic and tells cells when to slow down dividing. For investors, it matters because drugs or tests that mimic or measure this peptide can become treatments or diagnostics for heart, vascular and growth disorders, affecting market value and regulatory risk.
randomized, double-blind, placebo-controlled technical
"ApproaCH Trial was a randomized, double-blind, placebo-controlled pivotal trial"
A "randomized, double-blind, placebo-controlled" process is a method used to test the effectiveness of a new treatment or intervention. Participants are randomly assigned to different groups, with one receiving the real treatment and the other a fake version, called a placebo. Neither the participants nor the researchers know who is receiving which, which helps ensure unbiased results. For investors, this rigorous approach increases confidence that the findings are accurate and not influenced by guesswork or bias.
open-label extension technical
"followed by an open-label extension in which all participants received TransCon CNP"
An open-label extension is a continuation of a clinical trial where all participants and researchers know which treatment is being given, often after an initial blinded phase. It allows further study of a drug's long-term safety and effectiveness. For investors, it can indicate ongoing interest and confidence in a product's potential, influencing perceptions of its future value.
marketing authorization application regulatory
"The Marketing Authorization Application for YUVIWEL is under review by the European Medicines Agency"
A marketing authorization application is a formal request submitted to a government regulator asking permission to sell a prescription medicine or medical product in a country or region. Think of it like asking for a business license after showing evidence the product is safe and works; investors care because approval determines whether the product can generate sales, how soon revenue starts, and how much regulatory risk and uncertainty remains.

AI-generated analysis. Not financial advice.

COPENHAGEN, Denmark, March 16, 2026 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced new data from its pivotal ApproaCH Trial showing that children with achondroplasia treated with once-weekly TransCon CNP (navepegritide) maintained consistent improvements in growth through Week 104, with further improvement in body proportionality during the second year of treatment. These and other results were shared in an oral presentation by Dr. Ravi Savarirayan, M.B.B.S., M.D., Murdoch Children’s Research Institute (Australia), during ACMG 2026, the Annual Clinical Genetics Meeting held March 10-14 in Baltimore, Maryland.

“Two-year data from the ApproaCH Trial demonstrated continued improvement in body proportionality and sustained increases in linear growth,” said Professor Savarirayan. “In addition, children switching from placebo to TransCon CNP at Week 52 demonstrated one-year results that mirrored those previously reported in three randomized double-blind, placebo-controlled trials of TransCon CNP, highlighting its potential as a transformative once-weekly treatment option for children with achondroplasia.”

TransCon CNP is a prodrug of C-type natriuretic peptide (CNP) administered once weekly, designed to provide continuous exposure of active CNP to receptors on tissues throughout the body to counteract the overactive FGFR3 signaling in achondroplasia. In February 2026, TransCon CNP was approved by the U.S. FDA under the trade name YUVIWEL® to increase linear growth in pediatric patients 2 years of age and older with achondroplasia with open epiphyses. The Marketing Authorization Application for YUVIWEL is under review by the European Medicines Agency with a regulatory decision anticipated in the fourth quarter of 2026.

ApproaCH Trial Design
The ApproaCH Trial was a randomized, double-blind, placebo-controlled pivotal trial in 84 children with achondroplasia aged 2–11 years, investigating TransCon CNP (100 µg/kg once-weekly) versus placebo for 52 weeks, followed by an open-label extension in which all participants received TransCon CNP through Week 104.

Highlights of the Week 104 ApproaCH Trial Results

  • Treatment with TransCon CNP demonstrated continued improvement in observed change from baseline in upper-to-lower body segment ratio during the second year, from -0.04 at Week 52 to -0.10 at Week 104. Children who switched from placebo to TransCon CNP at Week 52 experienced similar improvements, from -0.02 at Week 52 to -0.10 at Week 104.
  • Treatment benefit in change in height Z-scores (both achondroplasia-specific and CDC-based) from Weeks 52 to 104 were consistent with that observed in TransCon CNP-treated children from Weeks 0 to 52.
  • Through two years of treatment, TransCon CNP was generally well-tolerated. Most adverse events in TransCon CNP-treated children were mild or moderate, with none leading to treatment discontinuation or withdrawal from the trial. There were no occurrences of symptomatic hypotension, and the overall rate of injection-site reactions, all of which were mild, was 0.35 per person-year of exposure.
  • Retention in the pivotal ApproaCH Trial was strong with 80 of 84 children enrolled completing the trial, and all 80 children enrolling into the long-term, open-label AttaCH extension trial.

A slide presentation with these data can be found on the Investor Relations & News section of the Ascendis Pharma website: https://investors.ascendispharma.com.

About Achondroplasia
Achondroplasia is a rare genetic condition arising from a systemic fibroblast growth factor receptor 3 (FGFR3) variant that leads to an imbalance in the effects of the FGFR3 and CNP signaling pathways, estimated to affect more than 250,000 people worldwide. While historically considered a bone growth disorder, the FGFR3 variant seen in achondroplasia is expressed in tissues throughout the body, and is associated with an increased risk of muscular, neurological, and cardiorespiratory complications in addition to skeletal dysplasia. Medical complications of achondroplasia can vary from individual to individual and across different stages of life. Throughout infancy and childhood, observed complications include spinal abnormalities, enlarged brain ventricles, impaired muscle strength and reduced stamina, hearing deficits and chronic ear infections, upper airway obstructions, sleep-disordered breathing, hip problems, leg bowing, and chronic pain; some of which persist or worsen in adulthood. These medical complications can affect physical well-being and quality of life, and may be impacted by a range of individual, clinical, and social factors. Some individuals with achondroplasia require multiple procedures and surgeries to address specific functional or anatomical concerns.

About Ascendis Pharma A/S
Ascendis Pharma is a global biopharmaceutical company focused on applying our innovative TransCon technology platform to make a meaningful difference for patients. Guided by our core values of Patients, Science, and Passion, and following our algorithm for product innovation, we apply TransCon to develop new therapies that demonstrate best-in-class potential to address unmet medical needs. Ascendis is headquartered in Copenhagen, Denmark, and has additional facilities in Europe and the United States. Please visit ascendispharma.com to learn more.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of such statements include, but are not limited to, statements relating to (i) TransCon CNP’s potential as a transformative once-weekly treatment option for children with achondroplasia, (ii) the anticipated timing of a regulatory decision by the European Medicines Agency, (iii) Ascendis’ ability to apply its TransCon technology platform to make a meaningful difference for patients, and (iv) Ascendis’ ability to apply TransCon to develop new therapies that demonstrate best-in-class potential to address unmet medical needs. Ascendis may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Ascendis makes, including, without limitation: dependence on third‑party manufacturers, distributors, and service providers for Ascendis’ products and product candidates; risks related to regulatory review and approval, including the possibility of delays, requests for additional data or analyses, restrictions or limitations on use, approval with labeling that is more limited than expected, or failure to obtain approval in the United States, European Union, or other jurisdictions; clinical development risks, including that results from ongoing or future trials may not confirm earlier data; unforeseen safety or efficacy findings in development programs or on‑market products; manufacturing, supply chain, quality, or logistics issues that could delay development or commercialization; unforeseen expenses related to commercialization of any approved Ascendis products; unforeseen research and development or selling, general and administrative expenses and other costs impacting Ascendis’ business generally; market acceptance, pricing, and reimbursement challenges, including payer coverage decisions and health technology assessments; competitive developments, including new or improved therapies; intellectual property protection, freedom‑to‑operate, and litigation risks; Ascendis’ ability to obtain additional funding, if needed, to support its business activities; cybersecurity, data privacy, and information technology disruptions; and the impact of international economic, political, legal, compliance, public health, and business factors, including tariffs, trade policies, currency fluctuations, and geopolitical events. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ascendis’ business in general, see Ascendis’ Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on February 11, 2026, and Ascendis’ other future reports filed with, or submitted to, the SEC. Forward-looking statements do not reflect the potential impact of any future licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments that Ascendis may enter into or make. Ascendis does not assume any obligation to update any forward-looking statements, except as required by law.

Ascendis, Ascendis Pharma, the Ascendis Pharma logo, TransCon, and YUVIWEL® are trademarks owned by the Ascendis Pharma group. © March 2026 Ascendis Pharma A/S. 

Investor Contacts:
Chad Fugere
Ascendis Pharma
ir@ascendispharma.com 
Media Contact:
Melinda Baker
Ascendis Pharma
media@ascendispharma.com
  
Patti Bank
ICR Healthcare
+1 (415) 513-1284
patti.bank@icrhealthcare.com
 

FAQ

What did Ascendis Pharma announce about TransCon CNP (ASND) at ACMG 2026?

They announced two-year ApproaCH Trial data showing sustained growth and improved body proportionality at Week 104. According to the company, children maintained linear growth benefits and body proportion improvements through Week 104.

What were the Week 104 results for body proportionality in the ApproaCH Trial for ASND?

Upper-to-lower body segment ratio improved to -0.10 at Week 104 from -0.04 at Week 52. According to the company, children switching from placebo reached similar -0.10 ratios after one year on TransCon CNP.

Has TransCon CNP (YUVIWEL) received regulatory approval in the U.S. for achondroplasia (ASND)?

Yes. According to the company, the U.S. FDA approved TransCon CNP as YUVIWEL in February 2026 for pediatric patients aged 2 years and older with open epiphyses to increase linear growth.

What safety and tolerability findings did Ascendis report for TransCon CNP through two years?

TransCon CNP was generally well-tolerated with no symptomatic hypotension and mostly mild/moderate adverse events. According to the company, injection-site reactions occurred at 0.35 per person-year and none led to discontinuation.

How many children participated and completed the pivotal ApproaCH Trial (ASND)?

The randomized pivotal trial enrolled 84 children aged 2–11 years, and 80 completed the trial. According to the company, all 80 then enrolled in the long-term AttaCH open-label extension.

What is the regulatory status of TransCon CNP (ASND) in Europe after ACMG 2026?

The Marketing Authorization Application is under review by the European Medicines Agency with a decision anticipated in Q4 2026. According to the company, the EMA decision timeline is expected in the fourth quarter of 2026.
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