STOCK TITAN

New England Journal of Medicine Publishes Positive Phase 3 VALOR Trial Results of Brepocitinib in Dermatomyositis

(Very Positive)

Priovant Therapeutics (NASDAQ:ROIV) announced publication in the New England Journal of Medicine of positive Phase 3 VALOR results for brepocitinib 30 mg in dermatomyositis. VALOR enrolled 241 patients, met the primary endpoint with a 15.3-point TIS improvement versus placebo at Week 52 (P<0.001), and showed benefits across nine key secondary endpoints. The FDA granted Priority Review with a PDUFA target action date in Q3 2026. Safety signals included increased serious infections with brepocitinib 30 mg; many events resolved and most patients completed treatment.

Loading...
Loading translation...

Positive

  • TIS +15.3 points vs placebo at Week 52 (P<0.001)
  • 241 patients enrolled across 90 global sites
  • FDA Priority Review granted; PDUFA target Q3 2026
  • Rapid onset of effect: treatment effects as early as Week 4
  • Steroid-sparing: nearly twice as many steroid reductions vs placebo

Negative

  • Serious infections increased with brepocitinib 30 mg versus placebo
  • Adverse events led to discontinuation more often in placebo group, complicating safety interpretation
  • Baseline risks (neoplasm, cardiovascular factors) may affect event rates and trial generalizability

Market Context

This announcement reinforces brepocitinib’s profile in dermatomyositis, with Phase 3 VALOR data now ...
Analysis

This announcement reinforces brepocitinib’s profile in dermatomyositis, with Phase 3 VALOR data now peer-reviewed in NEJM and supported by detailed skin and quality-of-life analyses over 52 weeks. It builds on earlier topline and Priority Review news, fitting into a pattern of advancing brepocitinib across multiple indications while other programs like namilumab have been discontinued. Investors may monitor FDA’s Q3 2026 PDUFA decision, future dermatomyositis uptake data if approved, and any use of the existing $400.0 million shelf registration.

Key Figures

VALOR enrollment: 241 patients Trial sites: 90 sites TIS improvement delta: 15.3-point greater improvement +5 more
8 metrics
VALOR enrollment 241 patients Adults with dermatomyositis in Phase 3 VALOR trial
Trial sites 90 sites Global Phase 3 VALOR dermatomyositis study
TIS improvement delta 15.3-point greater improvement Mean Total Improvement Score at Week 52 vs placebo; P<0.001
Itch remission benefit 18.9% greater proportion Itch remission (PP-NRS ≤1) at Week 4 vs placebo; 95% CI 5.0–32.9
Skin remission benefit 26.6% higher rate Functional skin remission vs placebo; 95% CI 7.6–45.5; P=0.0060
Moderate–severe skin baseline 64% of patients Patients with moderate-to-severe skin disease at baseline
P-value primary endpoint P<0.001 Difference in mean TIS improvement at Week 52 vs placebo
P-value skin remission P=0.0060 Functional skin remission difference vs placebo

Previous Clinical trial Reports

5 past events · Latest: Mar 03 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 03 NDA priority review Positive -0.9% FDA accepted brepocitinib NDA in dermatomyositis with Priority Review and Q3 2026 PDUFA.
Feb 06 Phase 2 CS data Positive +22.1% Positive Phase 2 BEACON results for brepocitinib in cutaneous sarcoidosis with strong efficacy signals.
Sep 17 Phase 3 VALOR topline Positive +7.8% Breakthrough Phase 3 VALOR data in dermatomyositis showing TIS superiority and steroid reduction.
Dec 03 Namilumab Phase 2 fail Negative -2.9% Kinevant’s Phase 2 RESOLVE-Lung study of namilumab failed primary and secondary endpoints.
Dec 03 Roivant namilumab update Negative -2.9% Roivant reported namilumab’s RESOLVE-Lung failure and discontinuation of development in sarcoidosis.

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

Pattern Detected

Across recent clinical trial headlines, ROIV has generally moved in the same direction as the news tone, with four aligned reactions and one divergence.

Recent Company History

Over the last 18 months, Roivant/Priovant have built a consistent clinical narrative. Positive Phase 3 VALOR results in dermatomyositis and subsequent NDA plans were followed by Phase 2 success for brepocitinib in cutaneous sarcoidosis, both drawing strong share reactions on some days. FDA Priority Review acceptance for brepocitinib in dermatomyositis and prior NAMilumab trial failure show that negative clinical readouts have produced modest declines. Today’s NEJM VALOR publication and additional skin-focused data extend this brepocitinib story without introducing new directional surprises relative to earlier disclosures.

Key Terms

phase 3, new drug application (nda), pdufa, total improvement score (tis), +3 more
7 terms
phase 3 medical
"The results of the Phase 3 VALOR trial were published in the New England Journal..."
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
new drug application (nda) regulatory
"The U.S. Food and Drug Administration has granted Priority Review to brepocitinib’s New Drug Application (NDA)..."
A new drug application (NDA) is a formal request submitted to regulatory authorities to gain approval for a new medication to be sold and used by the public. It is a comprehensive review process that examines the drug’s safety, effectiveness, and manufacturing quality. For investors, an NDA approval can signal a potential breakthrough product and influence a company's stock value.
pdufa regulatory
"and assigned a Prescription Drug User Fee Act (PDUFA) target action date in the third quarter of 2026"
PDUFA is the Prescription Drug User Fee Act, the U.S. law under which drug companies pay fees that fund the FDA's review of new medicines. In company news the term usually appears as the PDUFA date, the target deadline by which the FDA aims to decide on a drug application; that date tells investors when to expect the approval or rejection decision for the product.
total improvement score (tis) medical
"bepocitinib 30 mg achieving a 15.3-point greater improvement in mean Total Improvement Score (TIS)..."
Total Improvement Score (TIS) is a single numeric summary that combines several individual clinical measures into one percentage or point value to show how much patients improved in a trial. For investors, TIS turns complex medical results into an easy-to-compare “overall grade” that can influence regulators, prescribing labels and market confidence—so a higher TIS often supports a stronger commercial and regulatory outlook.
placebo medical
"bepocitinib 30 mg was superior to placebo on the primary and all nine key secondary endpoints..."
A placebo is an inactive pill, injection or procedure that looks and feels like the real treatment but contains no therapeutic ingredient, often called a sugar pill. Investors care because comparing a drug to a placebo reveals whether observed benefits come from the medicine itself or from expectation; clear superiority over placebo reduces regulatory and commercial risk, much like a blind taste test proves a new recipe really tastes better.
corticosteroids medical
"meaningful corticosteroid tapering in the brepocitinib treatment arms, with nearly twice as many patients reducing background corticosteroids..."
Corticosteroids are a class of hormones and synthetic medicines that dial down inflammation and the immune system, acting like a thermostat that lowers the body’s defensive response. They are used to treat conditions from asthma and allergies to autoimmune diseases and severe inflammation; their approved uses, safety profile, and manufacturing costs matter to investors because they affect drug sales, regulatory risk, patent value, and potential liability or demand shifts for healthcare companies.
skindex-16 medical
"Parallel improvements were observed in patient-reported, skin-related QoL (Skindex-16)..."
A 16-question patient survey that measures how a skin condition affects a person’s symptoms, emotions and daily activities. Think of it as a short customer feedback form that captures quality-of-life impact rather than clinical signs alone; scores help show whether a treatment meaningfully improves patients’ lives. Investors watch Skindex-16 results because they can influence regulatory decisions, labeling, reimbursement and how attractive a therapy looks to doctors and buyers.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
  • The results of the Phase 3 VALOR trial were published in the New England Journal of Medicine, underscoring the practice-changing potential of brepocitinib 30 mg once-daily in dermatomyositis
  • Brepocitinib 30 mg was superior to placebo on the primary and all nine key secondary endpoints, with statistically significant and clinically meaningful improvements observed across measures of global disease activity, muscle strength, skin disease, physical function, and corticosteroid reduction
  • Additional analyses from VALOR, presented at the 2026 American Academy of Dermatology (AAD) Meeting, demonstrated meaningful improvements in itch and skin-related quality of life with brepocitinib 30 mg
  • The U.S. Food and Drug Administration has granted Priority Review to brepocitinib’s New Drug Application (NDA) and assigned a Prescription Drug User Fee Act (PDUFA) target action date in the third quarter of 2026

DURHAM, N.C., March 28, 2026 (GLOBE NEWSWIRE) -- Priovant Therapeutics, a clinical-stage biotechnology company focused on developing targeted therapeutics in autoimmune disease, announced today the publication of results from the Phase 3 VALOR trial evaluating brepocitinib in adults with dermatomyositis (DM) in the New England Journal of Medicine (NEJM).

As reported in the NEJM publication, “A Phase 3 Trial of Brepocitinib in Dermatomyositis,” VALOR enrolled 241 patients across 90 sites globally and met its primary endpoint, with brepocitinib 30 mg achieving a 15.3-point greater improvement in mean Total Improvement Score (TIS) at Week 52 compared to placebo (P<0.001). This clinical improvement was observed alongside meaningful corticosteroid tapering in the brepocitinib treatment arms, with nearly twice as many patients reducing background corticosteroids in the brepocitinib 30 mg group compared to placebo. Brepocitinib 30 mg also demonstrated statistically significant and clinically meaningful improvements on all nine key secondary endpoints, with treatment effects evident as early as Week 4 and sustained through Week 52.

VALOR enrolled a broad, representative DM population that included patients with prior history of benign or malignant neoplasm and patients with multiple cardiovascular risk factors at baseline. Serious infections in the study were increased in brepocitinib 30 mg compared to placebo; these events resolved with medical management, and brepocitinib treatment was completed in most cases. Adverse events leading to treatment discontinuation occurred more frequently with placebo, as did malignancies, cardiovascular events, and thromboembolic events. The NEJM authors hypothesize in the publication that the elevated rates of these events in the placebo group reflect the baseline risks associated with dermatomyositis itself and the immunosuppressive agents — particularly systemic steroids — commonly used in its treatment. They also note the importance of the potential dual benefit of brepocitinib seen in the trial’s efficacy data – namely, reducing disease activity while simultaneously enabling substantial reductions in systemic corticosteroid exposure.

“I anticipate that the VALOR trial results, which my collaborators and I were fortunate to publish in the New England Journal of Medicine, will be practice-changing for patients with dermatomyositis,” said Dr. Ruth Ann Vleugels, M.D., M.P.H., M.B.A., Heidi and Scott C. Schuster Distinguished Chair in Dermatology, Founding Director of the Autoimmune Skin Disease Center, Connective Tissue Disease Clinics, and Dermatology-Rheumatology Fellowship at Mass General Brigham, and Professor at Harvard Medical School. “These findings underscore the need to move beyond the historical paradigm of suboptimal disease control and reliance on systemic corticosteroids toward a patient-centric model focused on rapid, sustained, steroid-sparing efficacy with a modern, targeted therapy. Pending FDA approval, brepocitinib represents a monumental step forward in this direction, demonstrating impressive efficacy over 52 weeks across multiple measures of disease activity while also enabling meaningful corticosteroid reduction.”

The full publication entitled, “A Phase 3 Trial of Brepocitinib in Dermatomyositis,” appears in the New England Journal of Medicine.

Additional Skin-Focused Analyses Presented at the 2026 Annual American Academy of Dermatology (AAD) Meeting

Additional analyses presented during the late-breaking abstract session at AAD 2026 provide deeper insight into the skin-specific and patient-reported benefits of brepocitinib beyond those reported in NEJM. These data demonstrate rapid and statistically significant reductions in itch, with an 18.9% greater proportion of patients achieving itch remission (PP-NRS ≤1) at Week 4 with brepocitinib 30 mg compared to placebo (95% CI: 5.0 to 32.9). Parallel improvements were observed in patient-reported, skin-related QoL (Skindex-16), with benefits sustained throughout the 52-week trial. Notably, among the 64% of patients with moderate-to-severe skin disease at baseline (a population often refractory to standard therapies), brepocitinib 30 mg was also associated with a 26.6% higher rate of functional skin remission compared to placebo (95% CI: 7.6 to 45.5; P=0.0060).

About the Phase 3 VALOR Study

The VALOR study was a global Phase 3 trial that enrolled 241 subjects with dermatomyositis across 90 sites. Subjects were randomized 1:1:1 to brepocitinib 30 mg, brepocitinib 15 mg, and placebo. Brepocitinib 30 mg demonstrated statistically significant and clinically meaningful improvement compared to placebo on the primary endpoint of Total Improvement Score (TIS) at Week 52. TIS is a composite endpoint of six core set measures of myositis disease activity. Benefit compared to placebo was seen as early as Week 4 and sustained at every visit thereafter through the end of the one-year double-blind treatment period. Brepocitinib 30 mg also demonstrated statistically significant and clinically meaningful improvement compared to placebo on all nine key secondary endpoints evaluated, including measures of muscle strength, skin disease activity, functional disability, and steroid tapering. More than two thirds of brepocitinib 30 mg patients achieved a Total Improvement Score of at least 40 (TIS40), twice the minimum clinically important difference. More than half achieved this TIS40 threshold while also reducing systemic corticosteroid use to ≤2.5 mg/day (prednisone-equivalent).

The VALOR trial enrolled a broad, representative DM population including patients with prior history of benign or malignant neoplasm and patients with multiple cardiovascular risk factors. Serious infections in the study were increased in brepocitinib 30 mg compared to placebo; these events resolved with medical management, and brepocitinib treatment was completed in most cases. New or recurrent malignancy, cardiovascular events, and thromboembolic events in the study occurred more frequently in the placebo arm than the brepocitinib 30 mg arm. The brepocitinib safety database across all studies includes over 2,000 patients and subjects and suggests a safety profile similar to approved JAK and TYK2 inhibitors.

The U.S. FDA has granted Priority Review to brepocitinib’s New Drug Application (NDA) and assigned a Prescription Drug User Fee Act (PDUFA) target action date in the third quarter of 2026.

About Priovant

Priovant Therapeutics is a biotechnology company dedicated to developing novel therapies for autoimmune diseases with high morbidity and few available treatment options. The company's lead asset is brepocitinib, a first-in-class, selective inhibitor of TYK2 and JAK1. Through dual TYK2/JAK1 inhibition, brepocitinib distinctively suppresses key cytokines linked to autoimmunity—including type I IFN, type II IFN, IL-6, IL-12, and IL-23—with a single, targeted, once-daily oral therapy. Brepocitinib recently generated positive Phase 3 data in dermatomyositis. The New Drug Application for brepocitinib in dermatomyositis is under review at FDA. Brepocitinib is also being evaluated in a Phase 3 program in non-infectious uveitis and recently generated positive Phase 2 data in cutaneous sarcoidosis, with a Phase 3 study to begin in calendar year 2026. Priovant Therapeutics is a Roivant (Nasdaq: ROIV) company. 

About Roivant

Roivant (Nasdaq: ROIV) is a biopharmaceutical company that aims to improve the lives of patients by accelerating the development and commercialization of medicines that matter. Roivant’s pipeline includes brepocitinib, a potent small molecule inhibitor of TYK2 and JAK1 in development for the treatment of dermatomyositis, non-infectious uveitis and cutaneous sarcoidosis; IMVT-1402 and batoclimab, fully human monoclonal antibodies targeting FcRn in development across several IgG-mediated autoimmune indications; and mosliciguat, an inhaled sGC activator in development for pulmonary hypertension associated with interstitial lung disease. We advance our pipeline by creating nimble subsidiaries or “Vants” to develop and commercialize our medicines and technologies. Beyond therapeutics, Roivant also incubates discovery-stage companies and health technology startups complementary to its biopharmaceutical business. For more information, visit www.roivant.com

Contact:

Stephanie Lee, stephanie.lee@priovant.com


FAQ

What were the key VALOR Phase 3 results for ROIV brepocitinib in dermatomyositis?

Brepoctinib 30 mg achieved a 15.3-point greater mean Total Improvement Score versus placebo at Week 52. According to Priovant, VALOR enrolled 241 patients, met the primary endpoint (P<0.001), and showed consistent benefits across nine key secondary endpoints.

How quickly did brepocitinib work in the VALOR trial (ROIV)?

Treatment effects were observed as early as Week 4 and sustained through Week 52. According to Priovant, rapid improvements occurred across global disease activity, muscle strength, skin measures, and patient-reported outcomes.

What safety signals emerged in the Phase 3 VALOR study for ROIV brepocitinib?

Serious infections were increased with brepocitinib 30 mg compared to placebo, though most resolved with medical management. According to Priovant, adverse events leading to discontinuation occurred more often with placebo, and investigators noted baseline disease risks may influence event rates.

What is the regulatory timeline for ROIV brepocitinib after VALOR results?

The FDA has granted Priority Review with a PDUFA target action date in the third quarter of 2026. According to Priovant, this accelerates review and could lead to a regulatory decision in Q3 2026, pending FDA evaluation.

How did brepocitinib impact corticosteroid use in the VALOR trial (ROIV)?

Brepocitinib 30 mg enabled substantial corticosteroid tapering, with nearly twice as many patients reducing background steroids versus placebo. According to Priovant, this steroid-sparing effect accompanied clinical improvements across multiple disease measures.