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Roivant Announces Expansion of Brepocitinib Development Program with New Phase 2b/3 Trial in Lichen Planopilaris (LPP) and Phase 3 Study Results for Batoclimab in Thyroid Eye Disease (TED)

(Positive)

Roivant (Nasdaq: ROIV) announced a new seamless Phase 2b/3 trial of brepocitinib in lichen planopilaris (LPP), enrolling first subjects in March 2026, and reported topline Phase 3 results for batoclimab in thyroid eye disease (TED) that failed to meet primary endpoints.

FDA Priority Review and a Q3 2026 PDUFA date were assigned to brepocitinib's NDA in dermatomyositis; additional Phase 3 milestones for related programs are expected H2 2026.

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Positive

  • Brepocitinib Phase 2b/3 LPP trial began enrollment March 2026
  • FDA Priority Review granted to brepocitinib NDA in dermatomyositis
  • PDUFA target action date set for Q3 2026

Negative

  • Immunovant Phase 3 batoclimab studies in TED failed primary endpoint at Week 24
  • Batoclimab development plans will be reviewed with partner HanAll

Market Context

This announcement combines expansion of brepocitinib into lichen planopilaris, a rare condition affe...
Analysis

This announcement combines expansion of brepocitinib into lichen planopilaris, a rare condition affecting approximately 100,000 U.S. adults, with Priority Review and a PDUFA date in Q3 2026 for dermatomyositis, alongside Phase 3 failure of batoclimab in thyroid eye disease. Investors may watch upcoming Phase 2b/3 and Phase 3 readouts, as well as IMVT-1402 data expected in 2027, to assess how the broader autoimmune pipeline evolves after this mixed clinical update.

Key Figures

LPP prevalence (US): approximately 100,000 adults Primary endpoint threshold: ≥2 mm proptosis responder rate at Week 24 High-dose treatment period: 12 weeks +5 more
8 metrics
LPP prevalence (US) approximately 100,000 adults Adults affected by lichen planopilaris in the United States
Primary endpoint threshold ≥2 mm proptosis responder rate at Week 24 Batoclimab Phase 3 studies in thyroid eye disease
High-dose treatment period 12 weeks Initial high-dose batoclimab period in TED Phase 3 studies
Low-dose treatment period 12 weeks Subsequent low-dose batoclimab period in TED Phase 3 studies
Brepocitinib PDUFA timing Q3 2026 PDUFA target action date for brepocitinib NDA in dermatomyositis
LPP trial initiation March 2026 First subjects enrolled in Phase 2b/3 brepocitinib LPP study
IMVT-1402 Graves’ topline calendar year 2027 Expected topline data from potentially registrational Graves’ disease studies
Roivant investor call time 8:00 a.m. ET, April 2, 2026 Scheduled call to discuss brepocitinib and batoclimab updates

Key Terms

phase 2b/3, phase 3, new drug application (nda), prescription drug user fee act (pdufa), +4 more
8 terms
phase 2b/3 medical
"A seamless Phase 2b/3 potentially registrational trial of brepocitinib in LPP enrolled..."
A phase 2b/3 trial is a combined late-stage clinical study that first refines the best dose and measures how well a treatment works (phase 2b) then expands to a larger, definitive test of safety and effectiveness needed for regulatory approval (phase 3). For investors, results from a phase 2b/3 act like a dress rehearsal that turns into opening night: positive, well-controlled outcomes substantially raise the chance of approval and future sales, while failures can sharply reduce a drug’s value.
phase 3 medical
"Immunovant’s Phase 3 studies of batoclimab in thyroid eye disease (TED) each failed..."
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
"granted Priority Review to brepocitinib’s New Drug Application (NDA) for DM..."
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.
prescription drug user fee act (pdufa) regulatory
"assigned a Prescription Drug User Fee Act (PDUFA) target action date..."
The Prescription Drug User Fee Act (PDUFA) is a law that allows drug companies to pay fees to the government to help speed up the review process for new medicines. This funding aims to ensure that important drugs reach patients faster, which can influence a company's ability to bring products to market efficiently. For investors, PDUFA-related decisions can impact drug approval timelines and company performance.
proptosis medical
"primary endpoint of ≥2mm proptosis responder rate at Week 24..."
Proptosis is the abnormal forward bulging or protrusion of one or both eyeballs from their sockets, like a picture frame pushed out of a wall. It matters to investors because it is a visible symptom of underlying conditions (such as thyroid eye disease, tumors, inflammation or trauma) that can drive demand for drugs, surgeries, diagnostic tests and devices; the symptom’s severity and prevalence affect market size, clinical trial design, regulatory scrutiny and reimbursement prospects.
igg medical
"supporting the benefit of deeper IgG suppression."
IgG is a common type of antibody — a protein the immune system makes to recognize and neutralize viruses, bacteria and other foreign substances. For investors, IgG matters because measuring these antibodies underlies many diagnostic tests, vaccine responses and antibody therapies; like a security badge that shows who has been exposed or is protected, IgG results can drive demand for medical products and influence clinical and commercial decisions.
fcrn blocker medical
"IMVT-1402, an investigational FcRn blocker, across multiple autoimmune diseases..."
A fcrn blocker is a type of drug that interferes with the neonatal Fc receptor, a body ‘recycling’ system that preserves antibodies in the blood; by blocking it, the medicine lowers overall antibody levels, including harmful ones. Investors care because these drugs can treat a range of autoimmune and antibody-driven disorders; success or failure in clinical trials, regulatory approvals, or pricing can strongly affect a developer’s commercial prospects and valuation, much like a new technology that cuts demand for a common resource.
priority review regulatory
"The U.S. Food and Drug Administration (FDA) recently granted Priority Review to brepocitinib’s..."
Priority review is a regulatory fast-track that shortens the time an agency spends evaluating a drug, vaccine or medical device application so a decision comes sooner than normal. For investors, it matters because a faster review is like an express lane to market: it can speed revenue potential and reduce regulatory uncertainty, but it does not guarantee approval and still requires the product to meet safety and effectiveness standards.

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

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  • Lichen planopilaris (LPP) is a highly morbid inflammatory scalp disorder that causes generally irreversible scarring hair loss, often accompanied by profound pain, itch, and burning sensations; no FDA-approved therapies exist for LPP, highlighting a critical unmet therapeutic need
  • LPP marks the fourth indication in brepocitinib’s expanding late-stage development program
  • Multiple lines of evidence, including strong mechanistic rationale and clinically meaningful results in an investigator-initiated placebo-controlled study of brepocitinib in LPP, support rapid development of brepocitinib in this indication
  • A seamless Phase 2b/3 potentially registrational trial of brepocitinib in LPP enrolled its first subjects in March 2026
  • Immunovant’s Phase 3 studies of batoclimab in thyroid eye disease (TED) each failed to meet their primary endpoint; safety results were consistent with previous findings
  • Patients in the TED studies demonstrated greater levels of proptosis improvement from baseline after the initial 12-week high-dose period than after the following 12-week low-dose period, supporting the benefit of deeper IgG suppression. The hyperthyroid patients in the TED studies showed similar response rates of thyroid hormone normalization to those seen in the batoclimab Phase 2 study in Graves’ disease
  • Immunovant remains focused on rapid advancement of IMVT-1402 in multiple indications
  • Roivant will host an investor call to discuss these updates today, April 2, 2026, at 8:00 a.m. ET

BASEL, Switzerland and LONDON and NEW YORK, April 02, 2026 (GLOBE NEWSWIRE) -- Roivant (Nasdaq: ROIV) today announced a new Phase 2b/3 clinical program for brepocitinib in lichen planopilaris (LPP), a highly morbid inflammatory scalp disorder affecting approximately 100,000 adults in the United States, and reported the topline results from Immunovant’s two Phase 3 (GO) clinical studies evaluating batoclimab as an investigational treatment for adults with active, moderate-to-severe thyroid eye disease (TED).

Brepocitinib in LPP

LPP inflammation targets the stem cell-rich bulge region of the hair follicle (the permanent portion responsible for hair growth), resulting in generally irreversible hair loss and permanent scarring. LPP is also associated with other burdensome symptoms, including pain, burning, itching, and scaling and an increased risk of comorbidities such as other autoimmune diseases and skin cancers. There are currently no FDA-approved therapies to treat LPP.

“Lichen planopilaris (LPP) is what my colleagues and I refer to as a ‘trichologic emergency,’” said Dr. Kristen Lo Sicco, Chief of the Skin and Cancer Unit at NYU Langone Health, Board Member of the Scarring Alopecia Foundation, and Associate Professor of Dermatology at the Ronald O. Perelman Department of Dermatology at NYU Grossman School of Medicine. “Absent early diagnosis and aggressive intervention, patients experience rapid hair loss that is generally irreversible, leaves permanent scarring, and is often accompanied by erythema, scaling, pain, itching and burning sensations. Untreated LPP also leads to increased risk of skin cancers and other comorbidities. Efficacious FDA-approved treatments are urgently needed.”

Priovant recently began enrolling subjects in a seamless Phase 2b/3 study of brepocitinib in LPP, with the first subjects enrolled in March 2026. This program marks Priovant’s fourth indication in late-stage clinical development, alongside dermatomyositis (DM), non-infectious uveitis (NIU) and cutaneous sarcoidosis (CS). The U.S. Food and Drug Administration (FDA) recently granted Priority Review to brepocitinib’s New Drug Application (NDA) for DM and assigned a Prescription Drug User Fee Act (PDUFA) target action date in the third quarter of calendar year 2026. Topline Phase 3 data in NIU and Phase 3 study initiation in CS are expected in the second half of calendar year 2026.

“Expanding brepocitinib into lichen planopilaris continues our strategy of developing brepocitinib in highly morbid orphan conditions with limited treatment options and distinctive mechanistic benefits of dual JAK1/TYK2 inhibition,” said Ben Zimmer, Priovant CEO. “Moreover, as we look ahead to our expected product launch in DM in September, we see LPP as a strategic fit into a multi-indication rheum-derm rare disease franchise anchored by DM, with overlapping prescriber bases and thought leaders.”

Immunovant Phase 3 Studies in TED

Based on the pre-specified statistical analysis plan, the studies failed to meet their primary endpoint of ≥2mm proptosis responder rate at Week 24, following 12 weeks of high-dose and 12 weeks of low-dose batoclimab treatment. Safety results were consistent with previous findings, and no new safety signals were identified.

Patients in the TED studies had greater levels of proptosis improvement from baseline after the initial 12-week high-dose period than after the following 12-week low-dose period, supporting the benefit of deeper IgG suppression.

The subset of hyperthyroid patients in the TED studies showed similar response rates of thyroid hormone normalization to those seen in the batoclimab Phase 2 study in Graves’ disease.

Immunovant remains focused on rapidly advancing the clinical development of IMVT-1402, an investigational FcRn blocker, across multiple autoimmune diseases with significant unmet need, with Graves’ disease as a key strategic priority. Recent Phase 2 proof-of-concept data highlighted FcRn blockade as a potentially disease-modifying approach in Graves’ disease. Topline data from the potentially registrational studies of IMVT-1402 in Graves’ disease are expected in calendar year 2027.

Immunovant intends to review future plans for the development of batoclimab with its partner HanAll Biopharma Co., Ltd. (HanAll) and to provide an update on the program, in conjunction with HanAll, at a future date.

Investor Conference Call Information

Roivant will host a live conference call and webcast at 8:00 a.m. ET on Thursday, April 2, 2026, to discuss these updates.

To access the conference call by phone, please register online using this registration link. The presentation and webcast details will also be available under “Events & Presentations” in the Investors section of the Roivant website at https://investor.roivant.com/news-events/events. The archived webcast will be available on Roivant’s website after the conference call.

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 JAK1 and TYK2 in development for the treatment of dermatomyositis, non-infectious uveitis, cutaneous sarcoidosis and lichen planopilaris; 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 https://roivant.com.

Roivant Forward-Looking Statements

This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are usually identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations of such words or similar expressions. The words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.

Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, and statements that are not historical facts, including statements about the clinical and therapeutic potential of our product candidates, the availability and success of topline results from our ongoing clinical trials and any commercial potential of our product candidates following applicable regulatory approvals. In addition, any statements that refer to projections, forecasts or other characterizations of future events, results or circumstances, including any underlying assumptions, are forward-looking statements. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors.

Although we believe that our plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, those risks set forth in the Risk Factors section of our filings with the U.S. Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are based upon the current expectations and beliefs of our management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as required by applicable law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Investors

Keyur Parekh

keyur.parekh@roivant.com

Media

Stephanie Lee

stephanie.lee@roivant.com


FAQ

What did Roivant announce about brepocitinib in lichen planopilaris (LPP) on April 2, 2026 (ROIV)?

Roivant began a seamless Phase 2b/3 trial of brepocitinib in LPP with first subjects enrolled in March 2026. According to the company, this expands brepocitinib into a fourth late-stage indication alongside DM, NIU and CS and targets an orphan high-unmet-need population.

What were the topline results for batoclimab in thyroid eye disease (TED) reported April 2, 2026 (ROIV)?

The Phase 3 studies of batoclimab in TED failed to meet the prespecified primary endpoint at Week 24. According to the company, safety was consistent with prior findings and no new safety signals were identified in the studies.

What regulatory progress did Roivant report for brepocitinib (ROIV) on April 2, 2026?

The FDA granted Priority Review for brepocitinib's NDA in dermatomyositis with a PDUFA target action date in Q3 2026. According to the company, this supports an expected product launch in DM in September 2026.

How did patients respond during different dosing periods in the batoclimab TED Phase 3 studies (ROIV)?

Patients showed greater proptosis improvement after the initial 12-week high-dose period than after the subsequent 12-week low-dose period. According to the company, this supports benefit from deeper IgG suppression during the high-dose phase.

What is the development timeline for IMVT-1402 and other Roivant programs (ROIV)?

Immunovant plans to advance IMVT-1402 across multiple autoimmune indications with topline Graves' disease registrational study data expected in 2027. According to the company, NIU Phase 3 topline and CS Phase 3 initiation are expected in H2 2026.

Will Roivant discuss these clinical updates and when is the investor call for ROIV?

Roivant will host a live investor call and webcast at 8:00 a.m. ET on April 2, 2026 to discuss these updates. According to the company, the presentation and archived webcast will be available on the investor relations website after the call.