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Q32 Bio Announces Positive 36-Week Topline Results from Part B of the SIGNAL-AA Clinical Trial of Bempikibart in Alopecia Areata

(Positive)

Q32 Bio (Nasdaq: QTTB) reported positive 36-week topline data from Part B of the Phase 2a SIGNAL-AA trial of bempikibart in 33 patients with severe or very severe alopecia areata. The prespecified primary endpoint showed a mean 35.3% reduction in SALT score from baseline in the mITT population.

At Week 36, 40.0% (10/25) of mITT patients and 30.3% (10/33) of ITT patients achieved a SALT-20 response, while 44.0% of mITT and 33.3% of ITT patients reached SALT30 and SALT50 responses. Early off-drug durability signals included maintenance or deepening of response and one patient achieving complete hair regrowth (SALT = 0). Bempikibart showed a generally well-tolerated safety profile with no treatment-related SAEs or Grade ≥3 events; injection site reactions occurred in 36.3% of patients and were mild. Pharmacokinetic and ADA data supported the loading-dose regimen, and Q32 Bio plans a registration-directed program in the first half of 2027.

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Positive

  • 35.3% mean SALT score reduction at Week 36 in mITT population
  • Week 36 SALT-20 responses in 40.0% mITT and 30.3% ITT patients
  • Week 36 SALT30 and SALT50 responses in 44.0% mITT and 33.3% ITT
  • Early durability signals, including one patient with complete hair regrowth (SALT = 0)
  • No treatment-related SAEs or Grade ≥3 events; ISRs mild and resolved
  • Favorable PK and negligible ADA; loading dose reached steady state ~10 weeks earlier than Part A
  • Company plans registration-directed bempikibart program in 1H 2027

Negative

  • Part B efficacy results based on 33 patients in an open-label Phase 2a design
  • Injection site reactions reported in 36.3% of patients, despite being mild

News Market Reaction – QTTB

+90.72% 45.9x vol
61 alerts
+90.72% Session close to close
+47.2% Peak Tracked
-4.6% Trough Tracked
$213.48M Market Cap
45.9x Rel. Volume

In the Jul 13 session, QTTB gained 90.72%, reflecting a significant positive market reaction. Argus tracked a peak move of +47.2% during that session. Argus tracked a trough of -4.6% from its starting point during tracking. Our momentum scanner triggered 61 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 45.9x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +90.7% in the session following this news. A sharp gain following these Part B resu...
Analysis

The stock surged +90.7% in the session following this news. A sharp gain following these Part B results would contrast with prior clinical updates, where average moves were around -6.22%. Investors might then weigh the active $300,000,000 S-3 shelf and relatively low short positioning as overhang and squeeze risk.

Key Figures

Mean SALT reduction: 35.3% SALT-20 responders (mITT): 40.0% (10/25) SALT-20 responders (ITT): 30.3% (10/33) +5 more
8 metrics
Mean SALT reduction 35.3% Mean percent reduction in SALT score from baseline in mITT at Week 36
SALT-20 responders (mITT) 40.0% (10/25) Patients achieving SALT-20 response at Week 36
SALT-20 responders (ITT) 30.3% (10/33) All enrolled patients achieving SALT-20 response at Week 36
SALT30 responders (mITT) 44.0% (11/25) Patients achieving SALT30 response at Week 36
SALT50 responders (mITT) 44.0% (11/25) Patients achieving SALT50 response at Week 36
Trial enrollment 33 patients Severe or very severe alopecia areata in SIGNAL-AA Part B
Prior JAK exposure 36.4% Enrolled patients previously treated with oral JAK inhibitors
Injection site reactions 36.3% of patients; 4% per dose Most common treatment-emergent adverse event in Part B

Previous Clinical trial Reports

4 past events · Latest: Oct 21 (Positive)
Same Type Pattern 4 events
Date Event Sentiment 24h Move Catalyst
Oct 21 Enrollment completion Positive -10.8% Completed enrollment of 33 patients in SIGNAL-AA Part B with strengthened dosing plan.
Apr 16 Trial progress update Positive -8.2% Dosed first patients in Part A extension and Part B with longer 36-week regimen.
Mar 08 Clinical data presentation Positive -7.2% Presented Part A data showing SALT improvements and durable responses after dosing stop.
Feb 28 Conference presentation notice Positive +1.3% Announced late-breaking AAD presentation for SIGNAL-AA Part A alopecia areata results.

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 have often been followed by near-term weakness, with three of four recent SIGNAL-AA updates selling off despite generally constructive data.

Key Terms

alopecia areata, severity of alopecia tool (salt), modified intent-to-treat, treatment-emergent adverse event, +2 more
6 terms
alopecia areata medical
"bempikibart in patients with severe or very severe AA."
Alopecia areata is an autoimmune condition in which the body's immune system mistakenly attacks hair follicles, causing round patches of hair loss on the scalp or body; severity ranges from small spots to widespread baldness. Investors watch it because successful treatments, clinical trial results, regulatory approvals, or shifts in prevalence can create or shrink markets for drugs and therapies, affecting the value of companies developing remedies—think of it as demand risk and regulatory risk for hair-loss products.
severity of alopecia tool (salt) medical
"baseline Severity of Alopecia Tool (SALT) scores of 50-100"
A standardized scoring system that quantifies how much scalp hair a person has lost by estimating the percentage of hair missing across different parts of the head. Investors care because SALT scores are used as a clear, objective measure of whether a hair-loss treatment is effective in clinical trials; consistent improvements on the SALT can drive regulatory approval, boost trial value, and influence a therapy’s commercial prospects, much like a consistent fuel-efficiency test validates a new car model.
modified intent-to-treat medical
"mean percentage change from baseline in SALT scores in the modified intent-to-treat (mITT) population."
A modified intent-to-treat (mITT) population is a version of a clinical trial analysis that includes most but not all people who were originally randomized, typically excluding those who never received the study treatment or lacked key baseline data. For investors, mITT matters because it can change how effective or safe a drug appears compared with a strict all-randomized analysis; thinking of it like judging a recipe only from cooks who actually made the dish helps explain how the choice of who is counted can shift results and influence regulatory and market reactions.
treatment-emergent adverse event medical
"The most common treatment-emergent adverse event was injection site reaction (ISR)"
An event is called a treatment-emergent adverse event when a new or worsening unwanted health effect appears after a person starts a drug or medical treatment, typically measured from the first dose onward in clinical studies. Investors watch these events because they can stop or slow product approval, raise development costs, or undermine market confidence—like a widely reported defect in a new gadget that triggers recalls and damages sales.
serious adverse events medical
"There were no serious adverse events (SAEs) or Grade 3 or higher adverse events"
Serious adverse events are significant problems or negative outcomes that occur during a medical treatment or clinical trial, such as severe side effects, hospitalizations, or life-threatening conditions. They matter to investors because such events can impact a company's reputation, lead to regulatory scrutiny, or delay the development of new products, ultimately affecting the company’s financial performance.
pharmacokinetic (pk) medical
"Bempikibart demonstrated a favorable pharmacokinetic (PK), pharmacodynamic and anti-drug antibody"
Pharmacokinetic (pk) describes how a substance, such as a medication or chemical, moves through and is processed by the body over time. It includes how the substance is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps assess the potential effectiveness, safety, and market success of new drugs or treatments.

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

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-- Clinically meaningful efficacy data on the primary endpoint was observed with a mean percent reduction in SALT score from baseline of 35.3% in the prespecified mITT analysis --

-- 40.0% of patients achieved SALT-20 response at Week 36 in the mITT analysis and 30.3% of patients achieved SALT-20 response at Week 36 in the ITT analysis of all enrolled patients --

-- Generally well-tolerated safety profile, consistent with prior studies, with no new safety signals --

-- Bempikibart demonstrated a favorable PK, PD and ADA profile --

-- Data supports further development of bempikibart in alopecia areata; Company intends to advance a registration-directed program in the first half of 2027 --

-- Q32 Bio to host conference call and webcast today, July 13, 2026, at 8:00 a.m. E.T., featuring alopecia areata key opinion leader (KOL) Arash Mostaghimi, MD, MPA, MPH --

WALTHAM, Mass., July 13, 2026 /PRNewswire/ -- Q32 Bio Inc. (Nasdaq: QTTB) ("Q32 Bio"), a clinical stage biotechnology company focused on developing innovative therapies for alopecia areata ("AA") and other autoimmune and inflammatory diseases, today announced positive 36-week topline results from Part B of the SIGNAL-AA Phase 2a clinical trial evaluating bempikibart in patients with severe or very severe AA. Bempikibart is a fully human anti-IL-7Rα antibody designed to re-regulate adaptive immune function by blocking IL-7 and TSLP signaling.

"Today's Part B 36-week topline results mark a significant milestone for Q32 Bio, supporting our target efficacy and safety profile and providing compelling evidence reinforcing the therapeutic potential of bempikibart in alopecia areata," said Jodie Morrison, Chief Executive Officer of Q32 Bio. "We believe these findings highlight the opportunity to deliver a differentiated, targeted treatment option for patients who remain in need of an effective, safe, and more durable alternative to JAK inhibitors. These results support advancement in alopecia areata and strengthen our conviction in bempikibart's applicability across the broader autoimmune and inflammatory landscape. We are grateful to the patients, investigators, employees, and clinical development partners who helped make today's announcement possible."

"Alopecia areata is a complex, immune driven disease with limited therapeutic options. The robust efficacy data in a population that includes JAK inhibitor-experienced patients, combined with a differentiated safety profile, demonstrate the potential for bempikibart to be a first-line treatment for alopecia areata," said Arash Mostaghimi, MD, MPA, MPH, Associate Professor of Dermatology and Vice Chair of Clinical Trials and Innovation, Brigham and Women's Hospital, Harvard Medical School. "For patients and prescribers seeking an effective and safe alternative to JAK inhibitors, these findings are encouraging and merit further clinical advancement."

36-Week Topline Results from Part B of the SIGNAL-AA Program:

The Part B portion of the SIGNAL-AA program is an open-label clinical trial building upon the previously completed Part A, which established proof-of-concept of bempikibart in AA. In Part B, bempikibart is being evaluated in 33 patients with severe or very severe AA (baseline Severity of Alopecia Tool (SALT) scores of 50-100) with a maximum duration of current episode of four years. Enrollment amongst patients with prior exposure to JAK inhibitor therapy were allowed; amongst the 33 enrolled patients, 36.4% had previously been treated with oral JAK inhibitors. 

Total enrollment exceeded the initial target due to patient demand. In Part B, patients are treated with bempikibart for 36 weeks, with off-drug follow-up through Week 52 before optional enrollment in the open-label extension (OLE). Dosing includes an initial loading regimen of 200mg of bempikibart dosed weekly for four doses, followed by continued dosing of 200mg every-other-week over a 32-week period, for a total dosing period of 36 weeks. Across both regimens, bempikibart was administered subcutaneously (SC).

The prespecified primary efficacy analysis was evaluated on the basis of mean percentage change from baseline in SALT scores in the modified intent-to-treat (mITT) population. Additional prespecified efficacy analyses included the proportion of patients achieving various relative and absolute SALT improvements including SALT-20 (80% of scalp hair coverage), SALT30 (30% improvement in SALT score from baseline), and SALT50 (50% improvement in SALT score from baseline) responses at Week 36, with follow-up through Week 52.

Key topline efficacy results from Part B of SIGNAL-AA at Week 36 include:

  • Mean percent reduction in SALT score from baseline of 35.3% in the mITT analysis.
  • 40.0% (10/25) of patients in the mITT analysis and 30.3% (10/33) of patients in the intent-to-treat (ITT) analysis achieved a SALT-20 response. Achievement of a SALT-20 response was observed in patients with both severe and very severe disease.
  • 44.0% (11/25) of patients in the mITT analysis and 33.3% (11/33) of patients in the ITT analysis achieved SALT30 response.  
  • 44.0% (11/25) of patients in the mITT and 33.3% (11/33) of patients in the ITT analysis achieved SALT50 response.
  • Early signs of durability in the off-drug period include maintenance or deepening of response in multiple patients including one who achieved complete hair growth (SALT = 0).

Bempikibart was observed to have a generally well-tolerated safety profile in SIGNAL-AA Part B, consistent with prior studies. No new safety signals were observed. There were no serious adverse events (SAEs) or Grade 3 or higher adverse events related to treatment. The most common treatment-emergent adverse event was injection site reaction (ISR) (36.3%) which were primarily singular events, with ISR incidence of 4% across all Part B dose administrations. All ISRs reported were mild and resolved with no intervention, with the majority resolving within a day.

Bempikibart demonstrated a favorable pharmacokinetic (PK), pharmacodynamic and anti-drug antibody (ADA) profile in Part B. PK data from Part B support the loading dose regimen had its intended effect, achieving steady state concentrations approximately 10 weeks earlier than in Part A. Negligible ADA was observed in Part B.

"These results provide important further evidence that our differentiated approach to targeting the biology underlying alopecia areata has the potential to translate into meaningful and durable clinical benefit for patients," said Shelia Violette, Ph.D., Co-Founder and Chief Scientific Officer of Q32 Bio. "Despite recent advances, many patients continue to seek treatment options that combine robust efficacy with improved safety and the potential for sustained disease control. These findings strengthen our confidence in the therapeutic potential of this mechanism and its continued advancement as a differentiated treatment option for patients living with alopecia areata and other autoimmune and inflammatory diseases."

The Part B off-drug follow-up period through Week 52 remains ongoing. Additionally, enrollment of eligible patients into the OLE remains ongoing. Q32 Bio intends to advance bempikibart into a registration-directed program in the first half of 2027 and plans to share full results from Part B at a future medical meeting.

Results from SIGNAL-AA Part A OLE:

Following the emergence of Part A data suggesting durability of response in the off-drug follow-up from SIGNAL-AA Part A and given patient demand for continued dosing, Q32 Bio announced the initiation of an OLE in April 2025. The Part A OLE has been completed. Eight patients enrolled in the Part A OLE, spanning responders, non-responders, and placebo patients from the Part A treatment portion. Patients were off-drug for various time periods ranging from 26 to 55 weeks prior to re-dosing. In the Part A OLE, bempikibart continued to demonstrate a generally well-tolerated safety profile with longer-term dosing and no new safety issues. Patients who maintained hair at entry to the OLE were observed to have durable or further hair growth. In totality, the Part A OLE dataset supports the importance of a maintenance dosing regimen.

Conference Call

In connection with this announcement, Q32 Bio will host a conference call and webcast with accompanying slides today at 8:00 a.m. E.T. This event will feature Arash Mostaghimi, MD, MPA, MPH, Associate Professor of Dermatology and Vice Chair of Clinical Trials and Innovation, Brigham and Women's Hospital, Harvard Medical School.

To access a live or recorded webcast of the call and accompanying slides, please visit the "Investors" section of the Q32 Bio website at www.Q32Bio.com. To access the live conference call, please dial 1-800-836-8184 from the United States or 1-646-357-8785 from other locations; to access the webcast please login to https://app.webinar.net/m5ZoPmkRXdL.

About Q32 Bio

Q32 Bio is a clinical stage biotechnology company whose science targets potent regulators of the adaptive immune system to re-balance immunity and is focused on developing innovative therapies for alopecia areata and other autoimmune and inflammatory diseases. About 700,000 people in the United States live with alopecia areata1, a disease which has a life-altering impact on patients and limited current treatment options. Q32 Bio is advancing bempikibart (ADX-914), a fully human anti-IL-7Rα antibody that re-regulates adaptive immune function, for the treatment of alopecia areata in an ongoing Phase 2 program. The IL-7 and TSLP pathways have been genetically and biologically implicated in driving several T cell-mediated pathological processes in numerous autoimmune diseases.

For more information, visit www.Q32Bio.com.

1National Alopecia Areata Foundation

Availability of Other Information About Q32 Bio

Investors and others should note that Q32 Bio communicates with its investors and the public using its website www.Q32Bio.com, including, but not limited to, Q32 Bio's disclosures, investor presentations and FAQs, Securities and Exchange Commission (the "SEC") filings, press releases, public conference call transcripts and webcast transcripts, as well as on X (formerly Twitter) and LinkedIn. The information that Q32 Bio posts on its website or on X or LinkedIn could be deemed to be material information. As a result, Q32 Bio encourages investors, the media and others interested to review the information that it posts there on a regular basis. The contents of Q32 Bio's website or social media shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Certain information in this press release constitutes forward-looking statements and forward-looking information (collectively, ‎‎"forward-looking information") within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the ‎use of forward-looking terminology such as "plans", "excited to", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", ‎‎"is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and ‎phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be ‎achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Specifically, this press release contains forward-looking information relating to the beliefs, observations, expectations and assumptions regarding the topline data from Part B of the SIGNAL-AA Phase 2a clinical trial and the safety, tolerability, clinical activity including biomarker data, potential efficacy and potential benefits of bempikibart, plans and expectations for Part B of the SIGNAL-AA Phase 2a clinical trial, the expectations surrounding the potential, safety, efficacy, and regulatory and clinical progress of Q32 Bio's product candidates, including bempikibart, and anticipated milestones, timing of anticipated registrational trials, data readouts and timing, among others. Statements containing forward-looking information are not historical facts but instead represent management's current expectations, estimates and projections regarding the future of our business, future plans, strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Q32 Bio as of the date of this press release, are subject to known and unknown risks, uncertainties and assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the risk that additional data, or the results of ongoing data analyses, may not support Q32 Bio's current beliefs and expectations for bempikibart, including with respect to the durability of clinical responses, the risk that ongoing and future clinical studies might be more costly than expected or might not yield anticipated results, that Q32 Bio may use its capital resources sooner than currently anticipated, that Q32 Bio may need additional funding to complete clinical studies, which may not be available on favorable terms or at all, and such other risks and uncertainties identified in the "Risk Factors" section of Q32 Bio's most recently Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC, and subsequent quarterly reports. Except as required by applicable securities laws, Q32 Bio undertakes no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contacts:
Investors: Brendan Burns
Argot Partners
212.600.1902
Q32Bio@argotpartners.com

Media: David Rosen
Argot Partners
646.461.6387
david.rosen@argotpartners.com

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SOURCE Q32 Bio

FAQ

What were the key 36-week topline results from Q32 Bio's bempikibart SIGNAL-AA Part B trial (QTTB)?

Q32 Bio reported a 35.3% mean reduction in SALT score at Week 36 in the mITT population. According to Q32 Bio, 40.0% of mITT and 30.3% of ITT patients achieved SALT-20, with additional SALT30 and SALT50 responses and early signs of off-drug durability.

How many alopecia areata patients responded to bempikibart with SALT-20, SALT30, and SALT50 in the SIGNAL-AA Part B study?

At Week 36, 40.0% of mITT and 30.3% of ITT patients achieved SALT-20 response with bempikibart. According to Q32 Bio, 44.0% of mITT and 33.3% of ITT patients also reached SALT30 and SALT50 responses, indicating clinically meaningful hair regrowth in a subset.

What safety profile did bempikibart show in Q32 Bio's 36-week SIGNAL-AA Part B alopecia areata trial?

Bempikibart showed a generally well-tolerated safety profile with no treatment-related serious or Grade 3+ adverse events. According to Q32 Bio, injection site reactions occurred in 36.3% of patients, were mild, resolved without intervention, and had a 4% incidence across all dose administrations.

What does the SIGNAL-AA Part B bempikibart data mean for Q32 Bio (Nasdaq: QTTB) development plans?

The 36-week Phase 2a data support further development of bempikibart in alopecia areata. According to Q32 Bio, the company intends to advance a registration-directed program in the first half of 2027 and will present full Part B data at a future medical meeting.

How was the SIGNAL-AA Part B trial of bempikibart in alopecia areata designed and who was enrolled?

SIGNAL-AA Part B is an open-label Phase 2a trial enrolling 33 patients with severe or very severe alopecia areata. According to Q32 Bio, patients had baseline SALT scores of 50–100, current episode duration up to four years, and 36.4% had prior oral JAK inhibitor treatment.

What pharmacokinetic and immunogenicity results did bempikibart show in Q32 Bio's SIGNAL-AA Part B trial?

Bempikibart demonstrated a favorable pharmacokinetic, pharmacodynamic, and anti-drug antibody profile in the Part B study. According to Q32 Bio, the loading-dose regimen achieved steady-state concentrations about 10 weeks earlier than Part A, and negligible anti-drug antibodies were observed during the 36-week dosing period.

What were the outcomes of the SIGNAL-AA Part A open-label extension for bempikibart in alopecia areata?

In the Part A open-label extension, bempikibart maintained a generally well-tolerated safety profile with longer-term dosing. According to Q32 Bio, eight patients showed durable or further hair growth when they had maintained hair at entry, supporting the importance of a maintenance dosing regimen.