Innovent Biologi Stock Price, News & Analysis

Innovent Biologics (HKEX: 01801) has received NMPA approval for DOVBLERON® (taletrectinib adipate capsule), a next-generation ROS1 tyrosine kinase inhibitor, for treating adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer (NSCLC) who have been previously treated with ROS1 TKIs.

The approval is based on the Phase 2 TRUST-I trial results, which demonstrated significant therapeutic effects on brain lesions and efficacy in crizotinib-resistant patients. DOVBLERON® becomes Innovent's 13th commercial product, addressing a critical need as approximately 2.6% of NSCLC patients in China are ROS1-positive, with up to 55% developing brain metastases after initial treatment.

A second NDA for DOVBLERON® was accepted and granted Priority Review Designation in March 2024 for first-line treatment of ROS1-positive NSCLC patients.

Innovent Biologics and Eli Lilly have announced a Distribution and Promotion Agreement for Jaypirca® (pirtobrutinib) in Mainland China. Under the agreement, Innovent will handle importation, marketing, distribution, and promotion, while Lilly maintains responsibility for R&D and post-market medical affairs.

Jaypirca® is the first and only approved non-covalent BTK inhibitor, receiving FDA approval in January 2023 and NMPA approval in October 2024. It's indicated for adult patients with relapsed or refractory mantle cell lymphoma after at least two types of systemic therapy, including a BTK inhibitor.

The collaboration aims to leverage Innovent's established hematology oncology commercial team and Lilly's expertise in drug development to improve cancer patient outcomes in Mainland China.

Innovent Biologics presented updated Phase 1 study results for IBI343, an anti-CLDN18.2 ADC, in treating advanced pancreatic cancer at ESMO Asia Congress 2024. The study involved 43 CLDN18.2-positive patients who received IBI343 6 mg/kg Q3W monotherapy, all with at least one prior therapy line.

Key results showed an overall objective response rate of 32.6%, confirmed objective response rate of 23.3%, and confirmed disease control rate of 81.4%. The median duration of response was 7.0 months, with median progression-free survival of 5.3 months. Safety profile was favorable with 97.7% experiencing treatment-emergent adverse events, mainly including anemia and decreased neutrophil count.

The FDA has granted Fast Track designation for IBI343, and patient enrollment for Phase 1 trials in the United States will begin soon.

Innovent Biologics and HUTCHMED announce that their combination therapy of TYVYT® (sintilimab injection) and ELUNATE® (fruquintinib) has received conditional approval from China's NMPA for treating advanced endometrial cancer patients with pMMR tumors who failed prior systemic therapy.

The approval is based on the FRUSICA-1 study results, which showed significant efficacy with an IRC-assessed ORR of 35.6% and DCR of 88.5%. The median PFS reached 9.5 months and OS 21.3 months, with a rapid median time to tumor response of 1.6 months. This marks TYVYT®'s eighth approved indication, following priority review status and breakthrough therapy designation.

Innovent Biologics announces two significant updates to China's 2024 National Reimbursement Drug List (NRDL), effective January 1, 2025. SINTBILO® (tafolecimab injection), their first cardiovascular drug, is newly listed for treating adult primary hypercholesterolemia and mixed dyslipidemia. The anti-PCSK9 antibody reduces LDL-C by ~70% and Lp(a) by ~50%. Additionally, olverembatinib, their BCR-ABL inhibitor, has both renewed its existing indication and added a new one for chronic myeloid leukemia (CML) treatment. These NRDL inclusions aim to improve drug accessibility and affordability for Chinese patients.

Innovent Biologics announces the presentation of nearly 10 clinical data studies of its novel oncology molecules at ESMO Asia Congress 2024, scheduled for December 6-8 in Singapore. The highlight includes an oral presentation of updated Phase 1 results for their TOPO1i CLDN18.2 ADC (IBI343) in treating pancreatic cancer. The presentations encompass various cancer treatments, including studies on colorectal cancer, hepatocellular carcinoma, and non-small cell lung cancer. The data demonstrates encouraging efficacy and safety profiles, particularly for IBI343 in pancreatic cancer treatment, showcasing the company's progress in IO+ADC therapeutic development.

Innovent Biologics announces promising Phase 2 study results for picankibart, an anti-IL-23p19 antibody, in treating plaque psoriasis patients who previously showed inadequate response to other biologics. The study, involving 152 patients, demonstrated that 64.6% (42/65) of patients with prior inadequate response to IL-17 biologics achieved skin clearance or near clearance after 16 weeks of treatment. The primary endpoint was met with 48.2% (40/83) of patients achieving both sPGA score of 0 or 1 and BSA <3%. The treatment showed a favorable safety profile with no new safety signals identified. This marks the first clinical study in China evaluating a switch from other biologics to an IL-23p19-targeted drug.

Innovent Biologics (HKEX: 01801) announces that the primary endpoint of a Phase 2 clinical study for picankibart (IBI112), an anti-IL-23p19 antibody, in Chinese patients with moderately to severely active ulcerative colitis has been met. The study involved 150 subjects randomized to receive placebo, picankibart 200 mg, or 600 mg.

Key findings include:

• Significantly higher clinical remission rates in picankibart groups (20.0% for 200 mg, 14.0% for 600 mg) compared to placebo (2.0%)
• Higher clinical response rates in picankibart groups (54.0% for 200 mg, 68.0% for 600 mg) versus placebo (22.0%)
• Favorable safety profile with no new safety signals observed

The maintenance period is ongoing, with continued improvements in efficacy measures. Picankibart shows promise as a potential new treatment option for ulcerative colitis in China.

Innovent Biologics and ASK Pharm have announced a strategic collaboration for limertinib, a third-generation EGFR TKI for lung cancer treatment. Under the agreement, Innovent will obtain exclusive commercialization rights for limertinib in mainland China, receiving a fee based on net sales. ASK Pharm, as the MAH holder, will handle production and commercial supply, eligible for upfront, regulatory, and sales milestone payments.

Two NDAs for limertinib are under review by China's NMPA: one for EGFR T790M mutation-positive NSCLC after EGFR TKI therapy, and another for first-line treatment of EGFR exon 19 deletions or exon 21 L858R mutations in NSCLC. A Phase 3 trial comparing limertinib with gefitinib met its primary endpoint, with detailed data to be presented at future academic conferences.