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Dyne Therapeutics Announces New Positive Cardiopulmonary Results from DELIVER Trial of Z-Rostudirsen in Duchenne Muscular Dystrophy (DMD)

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Dyne Therapeutics (Nasdaq: DYN) reported new 24-month cardiopulmonary analyses from the Phase 1/2 DELIVER trial of z-rostudirsen (DYNE-251) in exon 51 skip–amenable Duchenne muscular dystrophy. Improvements were seen versus expected natural-history declines in FVC%p, circumferential strain, and left ventricular ejection fraction at 24 months. Safety data from 86 participants followed up to 36 months showed mostly mild-to-moderate related TEAEs, chiefly pyrexia and headache, and no related serious TEAEs in the reported cohort. Findings were presented as a late-breaking poster at the 2026 MDA Clinical & Scientific Conference.

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Positive

  • Improvement in FVC%p observed through 24 months versus expected decline
  • Circumferential strain improved through 24 months versus expected worsening
  • Left ventricular ejection fraction improved at 24 months versus expected decline
  • Safety: no related serious TEAEs observed in reported DELIVER cohort
  • Safety dataset includes 86 participants followed for up to 36 months

Negative

  • Comparisons made to published natural history rather than randomized placebo
  • Safety and efficacy data derive from a limited clinical cohort (86 participants)

News Market Reaction – DYN

+19.04% 1.7x vol
78 alerts
+19.04% Session close to close
+19.1% Peak in 7 hr 1 min
$3.01B Market Cap
1.7x Rel. Volume

In the Mar 9 session, DYN gained 19.04%, reflecting a significant positive market reaction. Argus tracked a peak move of +19.1% during that session. Our momentum scanner triggered 78 alerts that day, indicating high trading interest and price volatility. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +19.0% in the session following this news. A strong positive reaction aligns with D...
Analysis

The stock surged +19.0% in the session following this news. A strong positive reaction aligns with Dyne’s pattern of favorable responses to clinical and pipeline updates, including prior DELIVER data and neuromuscular presentations. Investors could weigh whether today’s 24‑month cardiopulmonary results materially extend the earlier efficacy and safety story. Key risks would include typical biotech volatility around future regulatory milestones and the possibility that enthusiasm for early‑phase data moderates as the program advances.

Key Figures

DELIVER data horizon: 24 months DELIVER participants: 86 participants Safety follow-up: up to 36 months +2 more
5 metrics
DELIVER data horizon 24 months New cardiopulmonary analyses duration in DELIVER trial
DELIVER participants 86 participants Safety and tolerability dataset size in DELIVER trial
Safety follow-up up to 36 months Maximum follow-up duration for DELIVER safety data
Conference dates March 8–11, 2026 2026 MDA Clinical & Scientific Conference timing
Poster number 476 Late-breaking poster identifier for DELIVER cardiopulmonary data

Historical Context

5 past events · Latest: Mar 02 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 02 Earnings & pipeline Positive +3.4% Q4/FY 2025 results with strong cash and positive REC topline data.
Feb 25 Investor conferences Neutral +3.5% Announcement of multiple March investor conference participations.
Feb 22 MDA presentations Positive +3.8% Planned neuromuscular pipeline presentations at 2026 MDA conference.
Jan 20 Orphan designation Positive -0.8% Japan Orphan Drug designation for z‑basivarsen in DM1.
Jan 07 JPM conference Neutral +7.0% Planned presentation at the 44th Annual J.P. Morgan Healthcare Conference.

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

Pattern Detected

Recent news catalysts, especially clinical and corporate updates, have more often coincided with positive price reactions than selloffs.

Recent Company History

Over the last few months, Dyne has reported multiple positive developments, including Q4 2025 results with $1.1 billion in cash and REC topline data for z‑rostudirsen, plus conference participation and MDA presentation plans. It also received Japanese Orphan Drug designation for z‑basivarsen and presented at the J.P. Morgan Healthcare Conference. Most of these announcements were followed by positive single‑day moves, with only the Orphan Drug designation showing a modest negative reaction.

Key Terms

duchenne muscular dystrophy, cardiopulmonary, forced vital capacity percent predicted (fvc%p), circumferential strain, +2 more
6 terms
duchenne muscular dystrophy medical
"in individuals with Duchenne muscular dystrophy (DMD) amenable to exon 51"
A rare, inherited condition that progressively weakens muscles, Duchenne muscular dystrophy causes the body’s muscle fibers to break down over time, often leading to severe disability. For investors, it matters because the small, well-defined patient population, high unmet medical need and complex regulatory and pricing dynamics mean successes or failures in clinical trials, approvals, or therapies can have outsized effects on a company’s valuation and future revenue prospects.
cardiopulmonary medical
"additional analyses of 24-month data from the DELIVER trial showing the breadth of potential benefits... including cardiopulmonary function"
Relating to the combined function of the heart and lungs—how the heart pumps blood and the lungs oxygenate that blood and remove waste gases. Investors watch cardiopulmonary issues because treatments, devices, or clinical results in this area can affect demand, regulatory reviews, hospital spending and patient outcomes; think of the heart and lungs as a vehicle’s engine and fuel system—if either falters, the market for repairs and improvements can change quickly.
forced vital capacity percent predicted (fvc%p) medical
"lung function, as measured by Forced Vital Capacity Percent Predicted (FVC%p), was observed"
Forced vital capacity percent predicted is the amount of air a person can forcefully exhale after a deep breath, expressed as a percentage of what a healthy person of the same age, sex, height and ethnicity would be expected to expel. Investors care because it’s a standard, comparable measure of lung function used in clinical trials and regulatory decisions; meaningful changes can signal a therapy’s effectiveness, safety or market potential, much like a student’s test score compared to the class average.
circumferential strain medical
"Improvement from baseline was observed through 24 months in circumferential strain, an early signal"
Circumferential strain is a medical imaging measure of how much the heart muscle shortens or stretches around its girth when the heart beats, usually reported as a percentage. Investors care because it is a sensitive indicator of heart muscle health—like watching how tightly a rubber band contracts—so worsening values can signal disease, influence the market value of medical treatments or devices, and affect forecasts for healthcare companies and insurers.
left ventricular ejection fraction medical
"Improvement from baseline in left ventricular ejection fraction, a measure of how well the heart"
Left ventricular ejection fraction (LVEF) is the percentage of blood the heart’s main pumping chamber pushes out with each beat, measured by comparing the volume before and after contraction. Think of it as how much water a pump empties from a tank each cycle — higher percentages mean stronger pumping. Investors care because LVEF is a common clinical measure that affects patient outcomes, market size for treatments, trial success, reimbursement and regulatory decisions in healthcare-related investments.
treatment emergent adverse events medical
"most related treatment emergent adverse events (TEAEs) were mild or moderate"
Treatment emergent adverse events are any new or worsened medical problems that appear after a patient starts a drug or medical intervention during a clinical trial. Investors care because the number, severity, and frequency of these events influence safety profiles, regulatory approval chances, and market acceptance; think of them like unexpected problems that crop up after installing a software update—minor ones may be manageable, but serious or common issues can stall or derail the product.

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

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- New analyses out to 24-months showed improvement in heart and lung function compared to expected declines in DMD natural history -

- Data expand on previously reported results demonstrating that z-rostudirsen treatment led to sustained functional improvement across multiple clinical measures -

WALTHAM, Mass., March 08, 2026 (GLOBE NEWSWIRE) -- Dyne Therapeutics, Inc. (Nasdaq: DYN), a clinical-stage company focused on delivering functional improvement for people living with genetically driven neuromuscular diseases, today announced additional positive data from the ongoing Phase 1/2 DELIVER clinical trial of zeleciment rostudirsen (z-rostudirsen, also known as DYNE-251), in individuals with Duchenne muscular dystrophy (DMD) amenable to exon 51 skipping. These data are being presented in a late-breaking poster presentation at the 2026 Muscular Dystrophy Association (MDA) Clinical & Scientific Conference being held March 8-11, 2026, in Orlando, FL, which is available in the Scientific Publications & Presentations section of Dyne’s website along with all of Dyne’s other posters being presented at the conference.

“This week we are presenting additional analyses of 24-month data from the DELIVER trial showing the breadth of potential benefits z-rostudirsen may bring to individuals with exon 51 skip amenable DMD beyond the previously reported unprecedented improvements in muscle function,” said Doug Kerr, M.D., Ph.D., chief medical officer of Dyne. “Cardiopulmonary issues are a key area of concern in DMD, so we are particularly encouraged by new analyses showing improvement in both heart and lung function out to 24 months. We attribute these results to the differentiated capabilities of our FORCE platform to deliver therapeutics to a broad range of muscles, including the heart, trunk and diaphragm, as well as the CNS.”

Dyne announced the results of new analyses of cardiac and pulmonary function amongst all DELIVER participants who were randomized to z-rostudirsen treatment at baseline (any dose1) and for whom cardiac magnetic resonance imaging and/or pulmonary function data were available.

  • Improvement from baseline in lung function, as measured by Forced Vital Capacity Percent Predicted (FVC%p), was observed through 24 months, as compared to the expected decline estimated in published natural history data2-4.
  • Improvement from baseline was observed through 24 months in circumferential strain, an early signal of cardiac performance, as compared to the expected worsening estimated in published natural history data5,6.
  • Improvement from baseline in left ventricular ejection fraction, a measure of how well the heart is pumping, was observed at 24 months, in contrast with the expected decline estimated in published natural history data5,6.
  • In previously reported safety and tolerability data from 86 total participants enrolled in the DELIVER trial and followed for up to 36 months, z-rostudirsen demonstrated a favorable safety profile7, and most related treatment emergent adverse events (TEAEs) were mild or moderate. The most commonly reported related TEAEs were pyrexia (fever) and headache. No related serious TEAEs were observed in the REC.

These data will be presented in a poster titled “Zeleciment rostudirsen led to trends in long-term improvement in clinical outcomes including cardiopulmonary function: Additional data from DELIVER” (poster # 476 LBT).

About the DELIVER Trial
DELIVER is a global, randomized, placebo-controlled, double-blind, Phase 1/2 clinical trial that evaluated the safety, tolerability and efficacy (as measured by both biomarker and functional improvement) of zeleciment rostudirsen (z-rostudirsen, also known as DYNE-251) in individuals with Duchenne muscular dystrophy (DMD) who have mutations in the DMD gene that are amenable to exon 51 skipping. The multiple ascending dose (MAD) portion of the study resulted in the selection of a registrational dose and regimen of 20 mg/kg of z-rostudirsen administered every four weeks. The placebo-controlled portion of the registrational expansion cohort (REC) to support a potential regulatory submission for U.S. Accelerated Approval has been completed. The primary endpoint for this cohort was the change from baseline in dystrophin protein levels as measured by Western blot at 6 months. Participants from the MAD and REC portions had the option to enroll in the open-label extension and long-term extension portions of the study. For more information on the DELIVER trial, visit clinicaltrials.gov and euclinicaltrials.eu.

About zeleciment rostudirsen (z-rostudirsen, also known as DYNE-251)
Z-rostudirsen is an investigational therapeutic being evaluated in the Phase 1/2 global DELIVER clinical trial for individuals with DMD who have mutations in the DMD gene that are amenable to exon 51 skipping. Z-rostudirsen consists of a phosphorodiamidate morpholino oligomer (PMO) conjugated to an antigen-binding fragment (Fab) that binds to the transferrin receptor 1 (TfR1). It is designed to enable the production of near full-length dystrophin in muscle and the central nervous system (CNS) to provide functional improvement. Z-rostudirsen has received Breakthrough Therapy, Fast Track and Rare Pediatric Disease designations from the U.S. Food and Drug Administration (FDA), as well as Orphan Drug designation from the FDA and European Medicines Agency (EMA) and the Ministry of Health, Labour and Welfare (MHLW) in Japan for the treatment of individuals with DMD amenable to exon 51 skipping.

In addition to z-rostudirsen, Dyne is building a DMD franchise and has preclinical programs targeting other exons, including DYNE-253, DYNE-245, DYNE-244 and DYNE-255.

About Duchenne Muscular Dystrophy (DMD)
Duchenne muscular dystrophy (DMD) is a rare X-linked progressive neuromuscular disorder caused by mutations in the DMD gene. These mutations result in a complete or near-complete absence of dystrophin, a protein critical for maintaining muscle structure and function. DMD is the most common form of childhood-onset muscular dystrophy, affecting approximately 12,000 individuals in the U.S. and 16,000 in the EU. Symptoms typically emerge between ages 3 and 5, beginning with muscle weakness in the upper arms, thighs and pelvic region, and progressively impacting the lower limbs, forearms, neck and trunk. In addition to physical decline, individuals may experience cognitive impairment and neuropsychiatric challenges such as intellectual disabilities, learning difficulties and behavioral disorders. Despite existing therapies, there remains a significant unmet need for new treatment options that deliver functional improvement.

About Dyne Therapeutics
Dyne Therapeutics is focused on delivering functional improvement for people living with genetically driven neuromuscular diseases. We are developing therapeutics that target muscle and the central nervous system (CNS) to address the root cause of disease. The company is advancing clinical programs for Duchenne muscular dystrophy (DMD) and myotonic dystrophy type 1 (DM1) as well as preclinical programs for facioscapulohumeral muscular dystrophy (FSHD), Pompe disease and multiple DMD mutations. At Dyne, we are on a mission to deliver functional improvement for individuals, families and communities. Learn more at https://www.dyne-tx.com/, and follow us on X, LinkedIn and Facebook.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this press release, including statements regarding Dyne’s strategy, future operations, prospects and plans, objectives of management, the potential of the FORCE platform, the clinical potential of zeleciment rostudirsen (z-rostudirsen, also known as DYNE-251) and its potential cardiopulmonary effects,  and expectations regarding the availability of accelerated approval pathways for z-rostudirsen,  constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will” or “would,” or the negative of these terms, or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Dyne may not actually achieve the plans, intentions or expectations disclosed in these 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 and expectations disclosed in these forward-looking statements as a result of various important factors, including: uncertainties inherent in the identification and development of product candidates, including the initiation and completion of preclinical studies and clinical trials; uncertainties as to the availability and timing of results from preclinical studies and clinical trials; whether results from preclinical studies and initial data from clinical trials will be predictive of the final results of the clinical trials or future trials; uncertainties as to the FDA’s and other regulatory authorities’ interpretation of the data from Dyne's clinical trials and the regulatory approval process; whether Dyne’s cash resources will be sufficient to fund its foreseeable and unforeseeable operating expenses and capital expenditure requirements; as well as the risks and uncertainties identified in Dyne’s filings with the Securities and Exchange Commission (SEC), including the Company’s most recent Form 10-K and in subsequent filings Dyne may make with the SEC. In addition, the forward-looking statements included in this press release represent Dyne’s views as of the date of this press release. Dyne anticipates that subsequent events and developments will cause its views to change. However, while Dyne may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Dyne’s views as of any date subsequent to the date of this press release.

  1. The majority of participants at the 24M timepoint initiated treatment at the 0.7–2.8 mg/kg Q4W dose levels. Because most participants accrued substantial time on doses lower than the registrational dose of 20 mg/kg z-rostudirsen Q4W, the observed long-term efficacy potentially does not reflect the effect of continuously maintaining 20 mg/kg Q4W.
  2. Meier T, et al. Neuromuscul Disord. 2017;27(4):307–314
  3. Mayer OH, et al. Pediatr Pulmonol. 2015;50(5):487–494
  4. McDonald CM, et al. Neuromuscul Disord. 2018;28(11):897–909;
  5. Batra A, et al. BMC Cardiovasc Disord. 2022;22(1):260;
  6. Hagenbuch SC, et al. Am J Cardiol. 2010;105(10):1451–1455;
  7. Z-rostudirsen (DYNE-251) safety data as of August 19, 2025.

Contacts:

Investors
Mia Tobias
ir@dyne-tx.com
781-317-0353

Media
Stacy Nartker
snartker@dyne-tx.com
781-317-1938


FAQ

What cardiopulmonary benefits did DYN report for z-rostudirsen at 24 months?

The company reported improvements in lung and heart measures at 24 months. According to the company, FVC%p, circumferential strain, and left ventricular ejection fraction showed improvement versus expected natural-history declines through 24 months.

How was the DELIVER trial cardiopulmonary analysis conducted for DYN's z-rostudirsen?

The analysis compared treated participants to expected natural-history trajectories. According to the company, cardiac MRI and pulmonary function data from participants randomized to z-rostudirsen were evaluated versus published natural-history estimates.

What safety findings did Dyne report for z-rostudirsen in DELIVER (DYN)?

Safety was generally favorable with mostly mild-to-moderate related TEAEs. According to the company, among 86 participants followed up to 36 months, the most common related events were pyrexia and headache and no related serious TEAEs were observed in the reported cohort.

Where and when were Dyne's DELIVER 24-month results presented for DYN?

Results were presented at the 2026 MDA Clinical & Scientific Conference in March 2026. According to the company, the data were shown in a late-breaking poster (poster #476 LBT) during the March 8–11, 2026 meeting in Orlando.

Do DELIVER results for DYN include randomized placebo comparisons for cardiopulmonary endpoints?

No, the reported cardiopulmonary comparisons used published natural-history estimates rather than a randomized placebo group. According to the company, improvements were measured versus expected declines from external natural-history data sources.