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Connect Biopharma Announces Enrollment in Phase 2 Seabreeze STAT Studies Will Continue as Planned Following Pre-Specified Interim Analysis

(Positive)

Connect Biopharma (NASDAQ: CNTB) reported that the independent Data Monitoring Committee completed a pre-specified interim efficacy review of its Phase 2 Seabreeze STAT asthma and COPD studies of rademikibart and made no recommendation to change sample size.

The DMC indicated no safety concerns, cited no treatment-related serious or severe adverse events, and enrollment will continue as planned. Topline data from both studies are expected mid-2026, and the company plans to meet with the FDA to align on a Phase 3 program.

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Positive

  • DMC completed interim review and recommended no sample-size change
  • DMC reported no safety concerns during the interim analysis
  • No treatment-related serious or severe adverse events reported to date
  • Enrollment will continue as planned after interim efficacy review
  • Topline results for both Seabreeze STAT studies expected mid-2026
  • Company plans to meet the FDA to seek alignment on a Phase 3 program

Negative

  • None.

News Market Reaction – CNTB

-3.08%
-3.08% Session close to close

In the Apr 23 session, CNTB declined 3.08%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a pre-specified interim analysis of the Phase 2 Seabreeze STAT asthma and ...
Analysis

This announcement details a pre-specified interim analysis of the Phase 2 Seabreeze STAT asthma and COPD studies, where an independent DMC supported continuing enrollment with no change in sample size and reported no safety concerns. It reinforces prior clinical progress for rademikibart across asthma, COPD and atopic dermatitis. Key factors to watch include the planned mid‑2026 topline readouts, subsequent FDA discussions about Phase 3 design, and how future data compare with earlier FEV1 and long-term efficacy signals.

Key Figures

Interim analysis patients: minimum 50 patients per study Primary assessment window: 28 days FEV1 follow-up: 28 days +1 more
4 metrics
Interim analysis patients minimum 50 patients per study Pre-specified interim analysis population in each Phase 2 Seabreeze STAT trial
Primary assessment window 28 days Treatment failure and new exacerbations evaluated through 28 days
FEV1 follow-up 28 days Change from baseline in FEV1 assessed through 28 days
Topline data timing mid-2026 Expected reporting of topline results from both Phase 2 Seabreeze STAT studies

Previous Clinical trial Reports

5 past events · Latest: Mar 30 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 30 Phase 3 AD data Positive -15.9% Reported strong 52-week Phase 3 atopic dermatitis efficacy and favorable safety.
Mar 30 Phase 1 IV data Positive -15.9% Announced rapid, durable FEV1 gains and clean safety in Phase 1 IV asthma/COPD.
Mar 10 Phase 3 AD presentation Positive +5.3% Flagged upcoming late‑breaking AAD presentation for Phase 3 AD results.
Aug 14 Asthma education tie-up Neutral -8.9% Launched nationwide asthma education program, mentioning ongoing Seabreeze STAT trials.
May 14 Seabreeze COPD start Positive +1.2% Initiated FDA‑approved Phase 2 Seabreeze STAT COPD trial targeting acute exacerbations.

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

Pattern Detected

Clinical-trial headlines for rademikibart have produced mixed reactions, with an average move of -6.86% and several past positive updates sold off despite favorable data.

Recent Company History

Over the past year, CNTB has repeatedly highlighted clinical progress for rademikibart, including Phase 3 atopic dermatitis data with high EASI and IGA response rates, positive Phase 1 IV asthma/COPD results, and initiation and promotion of the Seabreeze STAT programs. Reactions have varied: some strong clinical readouts corresponded with sharp declines, while a late‑breaking AAD presentation drew a positive move. Today’s DMC-reviewed Phase 2 interim update on Seabreeze STAT fits into this ongoing effort to validate rademikibart across acute asthma and COPD settings.

Key Terms

copd, anti-interleukin-4-receptor alpha, il-4rα, fev1, +4 more
8 terms
copd medical
"Phase 2 Seabreeze STAT asthma and COPD trials evaluating rademikibart"
Chronic obstructive pulmonary disease (COPD) is a long-term lung condition that progressively narrows airways and reduces the ability to breathe, causing persistent cough, shortness of breath and fatigue. It matters to investors because a large and growing patient population creates steady demand for drugs, medical devices and care services, influences healthcare spending and regulatory decisions, and offers clear market opportunities—similar to a leaking engine that requires ongoing fixes and replacement parts.
anti-interleukin-4-receptor alpha medical
"potentially best-in-class anti-interleukin-4-receptor alpha (IL-4Rα) antibody"
A drug described as anti-interleukin-4-receptor alpha is a biologic designed to block a specific immune receptor (IL-4Rα) that helps drive allergic inflammation, so it prevents certain immune signals from triggering asthma, eczema and other allergic conditions. Investors care because clinical trial results, regulatory approval, safety or pricing determine how widely such treatments are adopted and how much revenue they can generate—similar to how a breakthrough engine can change a car maker’s sales prospects.
il-4rα medical
"potentially best-in-class anti-interleukin-4-receptor alpha (IL-4Rα) antibody"
IL-4Rα is a protein on the surface of certain immune cells that acts like a docking station for chemical messengers (interleukins) that drive allergic and inflammatory responses. Investors watch it because drugs that block or modify this receptor can calm overactive immunity in conditions such as asthma or eczema, so successful trial results or approvals can directly affect a drug’s commercial potential and a biotech’s valuation.
fev1 medical
"change from baseline in FEV1 following treatment of a minimum of 50 patients"
FEV1 stands for forced expiratory volume in one second, a medical measurement of how much air a person can forcibly exhale in one second during a breathing test. Think of it like timing how quickly someone can blow out a candle — it gives a clear snapshot of lung strength and airflow. Investors watch FEV1 because changes in this measure are used to judge whether respiratory drugs or devices work, which affects regulatory approval, market potential, and sales forecasts.
data monitoring committee medical
"the independent Data Monitoring Committee (DMC) overseeing its Phase 2 Seabreeze STAT"
A data monitoring committee is a group of experts responsible for reviewing and overseeing important information during a project or study to ensure everything is proceeding safely and correctly. For investors, it provides an extra layer of oversight, helping to identify potential issues early and ensuring that decisions are based on accurate, unbiased data. This helps maintain trust and safety throughout the process.
dmc medical
"The DMC also conducts a review of the safety data for both studies"
A Data Monitoring Committee (DMC) is an independent panel of experts that watches clinical trials to ensure participant safety and reliable results, acting like an impartial safety inspector for a medical study. Its reviews can lead to continuing, pausing, or stopping a trial based on safety or clear benefit, which matters to investors because those decisions directly affect development timelines, regulatory chances, and the financial outlook for companies involved.
u.s. food and drug administration regulatory
"plans to move quickly to meet with the U.S. Food and Drug Administration (FDA)"
The U.S. Food and Drug Administration is the federal agency that evaluates and enforces safety, effectiveness and labeling standards for medicines, medical devices, vaccines, food and related products before they reach consumers. For investors it matters because FDA approvals, warnings or recalls determine whether a product can be sold, how quickly it reaches the market and how costly compliance will be—changes that directly affect a company’s revenue, costs and stock value.
fda regulatory
"meet with the U.S. Food and Drug Administration (FDA) to gain alignment"
The FDA is the U.S. federal agency that evaluates and approves medical drugs, devices, biological therapies and certain foods; think of it as the gatekeeper that decides whether a medical product is safe and effective for patients. For investors, FDA decisions determine whether a company can sell a product, affect expected revenue and introduce regulatory risk, so approvals, rejections or safety warnings can quickly move a company's valuation and stock price.

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

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Expect to report topline data from both studies mid-2026

SAN DIEGO, April 23, 2026 (GLOBE NEWSWIRE) -- Connect Biopharma Holdings Limited (Nasdaq: CNTB) (Connect Biopharma, Connect or the Company), a clinical-stage biopharmaceutical company focused on transforming care for the treatment of inflammatory diseases, today announced that the independent Data Monitoring Committee (DMC) overseeing its Phase 2 Seabreeze STAT asthma and COPD trials evaluating rademikibart, the Company’s next-generation, potentially best-in-class anti-interleukin-4-receptor alpha (IL-4Rα) antibody, has completed its review of the pre-specified interim analysis of efficacy with no recommendation for change in the sample size.

“Based on the DMC’s review of interim efficacy results from our ongoing Seabreeze STAT acute asthma and COPD studies, enrollment will continue as planned with no change in sample size,” said Barry Quart, Pharm.D., CEO and Director of Connect Biopharma. Rademikibart continues to be well tolerated in these studies of patients experiencing acute exacerbations. We continue to believe that rademikibart has the potential to deliver differentiated efficacy and safety in patients with type 2 asthma and COPD experiencing acute exacerbations. We remain on track to report topline results from both Seabreeze STAT studies mid-year.”

The independent DMC reviewed interim data based on a pre-specified analysis of treatment failure at 28 days, the rate of new exacerbations through 28 days, and the change from baseline in FEV1 following treatment of a minimum of 50 patients in each study with at least 28 days of follow-up.

The DMC also conducts a review of the safety data for both studies on a regular basis and indicated that it has no safety concerns. To date, there have been no treatment-related serious adverse events or severe adverse events, and no discontinuations due to an adverse event in either study.

Connect expects to report topline data from both ongoing Phase 2 Seabreeze STAT studies of rademikibart for acute exacerbations of asthma and of COPD in mid-2026 and plans to move quickly to meet with the U.S. Food and Drug Administration (FDA) to gain alignment on a Phase 3 program.

About Rademikibart

Rademikibart is a fully human monoclonal antibody targeting interleukin-4 receptor alpha (IL-4Rα), a common subunit of interleukin-4 receptor (IL-4) and interleukin-13 receptor (IL-13). We believe that by binding with IL-4Rα, rademikibart can block the functions of IL-4 and IL-13 effectively, thereby blocking the T helper 2 (Th2) inflammatory pathway to achieving the goal of treating Th2 related inflammatory diseases such as atopic dermatitis, asthma and COPD.

About Connect Biopharma

Connect Biopharma is a clinical-stage biopharmaceutical company dedicated to transforming care for asthma and COPD. Headquartered in San Diego, California, the Company is advancing rademikibart, a next-generation, potentially best-in-class antibody designed to target IL-4Rα. The Company is currently conducting global clinical studies of rademikibart for the treatment of acute exacerbations of asthma and COPD, areas with significant unmet need. Connect has granted an exclusive license to Simcere Pharmaceutical Co., Ltd., for rademikibart in Greater China. Under the exclusive license and collaboration agreement, Connect is eligible to receive remaining milestone payments up to an aggregate amount of approximately $110 million upon the achievement of certain development, regulatory and commercial milestones. Connect is also eligible to receive royalties at tiered percentage rates up to low double-digit percentages on net sales in Greater China.

For more information visit www.connectbiopharma.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the Act). Forward-looking statements are statements that are not of historical fact and include, without limitation, statements regarding future events, our future financial condition, results of operations, business strategy and plans, prospective products (as well as their potential to achieve a differentiated, competitive, or favorable benefit or profile or trend, including on safety, tolerability, improvement, maintenance, clinical response, dosing, efficacy and/or convenience), statements regarding any interim analysis or interim, topline or preliminary data and whether the same is indicative of safety, efficacy, final trial results or likelihood of regulatory approval for our product candidates, planned or expected product approval applications or approvals, anticipated milestones and royalties, expected data readouts and enrollments, research and development plans and costs, potential future partnerships, expectations about existing partnerships, timing and likelihood of success, objectives of management for future operations, future results of anticipated product development efforts, adequacy of existing cash and potential partnership funding to fund operations and capital expenditure requirements, anticipated patient populations or market opportunities for our prospective products, if approved, as well as statements regarding industry trends. These statements are based on management’s current expectations of future events only as of the date of this press release and are inherently subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond our control, including, among other things: the ability of our clinical trials to demonstrate safety and efficacy of our product candidates and other positive results; whether we or our current or future partners will need expanded or additional trials in order to obtain regulatory approval for our product candidates; the timing and results of any planned interactions with the FDA; our ability to obtain and maintain regulatory approval of our product candidates; existing regulations and regulatory developments in the U.S., the People’s Republic of China, Europe and other jurisdictions; the ability of our current cash and investments position to support planned operations; our plans and ability to obtain, maintain, protect and enforce our intellectual property rights and our proprietary technologies, including extensions of existing patent terms where available; our continued reliance on third parties to conduct additional clinical trials of our product candidates, and for the manufacture of our product candidates for preclinical studies and clinical trials; and the degree of market acceptance of our product candidates, if approved, by physicians, patients, healthcare payors and others in the medical community.

Words such as “aim,” “anticipate,” “believe,” “could,” “expect,” “feel,” “goal,” “intend,” “may,” “optimistic,” “plan,” “potential,” “promising,” “will,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements necessarily contain these identifying words. The inclusion of forward-looking statements should not be regarded as a representation by Connect Biopharma that any of its expectations, projections or plans will be achieved. Actual results may differ materially due to the risks and uncertainties inherent in our business and other risks described in our filings with the U.S. Securities and Exchange Commission (SEC). Further information regarding these and other risks is included under the heading “Risk Factors” in our annual and periodic reports filed with the SEC. These forward-looking statements should not be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such forward-looking statements have been made are correct or exhaustive or, in the case of the assumptions, fully stated in this press release. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. Results in early-stage clinical trials may not be indicative of full results or results from later stage or larger scale clinical trials and do not ensure regulatory approval. You are cautioned not to place undue reliance on the scientific data presented or these forward-looking statements, which speak only as of the date of this press release. Except as required by law, Connect Biopharma undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise. Connect Biopharma claims the protection of the safe harbor for forward-looking statements contained in the Act for all forward-looking statements.

This press release discusses our product candidate, rademikibart, which is under clinical investigation and has not yet been approved for marketing by the FDA, the National Medical Products Administration, or by any other regulatory agency. No representation is made as to the safety or effectiveness of rademikibart for the uses for which it is being studied. The trademarks included herein are the property of the owners thereof and are used for reference purposes only.

Investor Relations Contact:

Alex Lobo
Precision AQ
Alex.lobo@precisionaq.com
(212) 698-8802

Media Contact:

Ignacio Guerrero-Ros, Ph.D., or David Schull
Russo Partners, LLC
Ignacio.guerrero-ros@russopartnersllc.com
David.schull@russopartnersllc.com
(858) 717-2310 or (646) 942-5604


FAQ

What did Connect Biopharma (CNTB) announce about the Phase 2 Seabreeze STAT interim analysis on April 23, 2026?

The DMC completed a pre-specified interim efficacy review and recommended no change in sample size. According to the company, the DMC also indicated no safety concerns and enrollment will continue as planned.

When will Connect Biopharma (CNTB) report topline results from the Seabreeze STAT asthma and COPD studies?

Topline data are expected mid-2026. According to the company, both ongoing Phase 2 studies plan to report topline results in mid-year, after the DMC completed its interim review.

Will enrollment continue in CNTB's Phase 2 Seabreeze STAT studies after the interim analysis?

Yes. The DMC recommended that enrollment continue as planned with no sample-size changes. According to the company, the interim review covered efficacy and safety measures with minimum patient follow-up.

What are Connect Biopharma's next steps for rademikibart after the Seabreeze STAT interim review (CNTB)?

The company plans to meet with the FDA to gain alignment on a Phase 3 program. According to the company, this follows the DMC's interim review and the expectation to report topline mid-2026.