STOCK TITAN

Spyre Announces Potential Best-in-Class SPY002 (anti-TL1A) Part A Induction Results from SKYLINE Trial in Moderate-to-Severe Ulcerative Colitis Patients

(Positive)
Tags

Spyre Therapeutics (NASDAQ: SYRE) reported positive 12-week Part A induction data from the Phase 2 SKYLINE trial of SPY002 in moderate-to-severe ulcerative colitis. SPY002 met the primary endpoint with a 10.7-point RHI reduction (p<0.0001), plus 33% clinical remission, 42% endoscopic improvement, and -3.7 modified Mayo Score, with no drug-related serious adverse events.

Loading...
Loading translation...

Positive

  • Primary endpoint met: 10.7-point RHI reduction at Week 12 (p<0.0001)
  • Secondary endpoints: 33% clinical remission and 42% endoscopic improvement at Week 12
  • Symptom improvement: -3.7 change in modified Mayo Score at Week 12
  • Favorable safety signals: no drug-related serious adverse events and no deaths reported
  • Execution: Phase 2 SPY002 induction results delivered within one year of Phase 1 readout

Negative

  • Adverse events common: 41.7% of SPY002-treated subjects experienced treatment-emergent adverse events
  • Severe events and discontinuations: 4.2% had severe AEs and 4.2% discontinued treatment due to AEs
  • Serious adverse events: 4.2% experienced serious AEs, including UC exacerbation and worsening heart failure

News Market Reaction – SYRE

+3.45%
1 alert
+3.45% Session close to close
$7.24B Market Cap
0.0x Rel. Volume

In the Jun 15 session, SYRE gained 3.45%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights strong 12-week SPY002 induction data in ulcerative colitis, with a 10.7...
Analysis

This announcement highlights strong 12-week SPY002 induction data in ulcerative colitis, with a 10.7-point RHI reduction (p<0.0001), 33% clinical remission, and 42% endoscopic improvement, alongside a clean safety profile in 48 patients. It continues a pattern of positive readouts across Spyre’s anti-TL1A and IL-23 programs. Investors may track upcoming Part B combination data and additional readouts this year, while also noting the capital flexibility provided by the effective $500,000,000 shelf and recent insider trading activity under Rule 10b5-1 plans.

Key Figures

RHI change: -10.7 points (p<0.0001) Clinical remission: 33% Endoscopic improvement: 42% +5 more
8 metrics
RHI change -10.7 points (p<0.0001) Primary endpoint, Week 12 SPY002 SKYLINE Part A
Clinical remission 33% Modified Mayo Score remission at Week 12
Endoscopic improvement 42% Endoscopic improvement rate at Week 12
Modified Mayo change -3.7 Change in modified Mayo Score at Week 12
Advanced therapy-exposed 35% Share of study population with prior advanced therapy
Disease duration 7.0 years Mean disease duration in SKYLINE Part A
Safety population 48 patients SPY002 SKYLINE Part A safety analysis (n=48)
Subjects with AEs 20 (41.7%) Patients with any treatment-emergent AE in induction period

Historical Context

5 past events · Latest: Jun 05 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 05 Inducement option grants Neutral -2.9% Equity inducement stock options granted to non-executive employees.
Jun 03 Trial enrollment complete Positive +6.3% Completed enrollment in SKYWAY Phase 2 basket trial for SPY072.
May 26 Investor conferences Neutral -1.6% Participation in June healthcare investor conferences and webcasts.
May 05 Earnings & pipeline Positive +2.7% Q1 2026 results plus positive SPY001 Phase 2 and cash runway update.
May 01 Inducement option grants Neutral -0.4% Additional inducement stock-option grants to non-executive employees.

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

Pattern Detected

Recent news flow shows positive reactions to pipeline and clinical milestones, while routine corporate items like option grants and conference participation have had muted or slightly negative impacts.

Recent Company History

Over the last few months, Spyre has steadily advanced its pipeline and corporate profile. On May 5, 2026, Q1 results highlighted strong SPY001 Part A data and a cash position of $1.1768B, with shares rising 2.72%. Completion of SKYWAY Phase 2 enrollment on June 3, 2026 saw a 6.3% gain, underscoring sensitivity to clinical milestones. By contrast, multiple inducement option grants and investor conference announcements drew small negative moves. Today’s SPY002 SKYLINE Part A results extend the theme of positive anti-TL1A data in ulcerative colitis.

Key Terms

modified mayo score, endoscopic improvement, treatment-emergent adverse events (teaes), serious adverse events (saes), +3 more
7 terms
modified mayo score medical
"Secondary endpoints included clinical remission by modified Mayo Score of 33% and endoscopic improvement of 42%"
A modified Mayo score is a simplified clinical measure used to gauge severity and improvement in ulcerative colitis by combining patient symptoms and a clinician’s assessment, typically leaving out the full endoscopic exam. For investors, it matters because changes in this score are often used as a trial endpoint to show a treatment’s benefit; clearer, faster improvements can speed regulatory decisions, affect drug valuation, and influence market confidence. An everyday analogy: it’s like a shorter vehicle inspection that focuses on visible problems rather than a full engine tear-down.
endoscopic improvement medical
"clinical remission by modified Mayo Score of 33% and endoscopic improvement of 42%"
Endoscopic improvement is a visible reduction in inflammation, ulcers, or other tissue damage seen through an endoscope—a thin camera doctors use to look inside the body, often the digestive tract. For investors, it matters because these camera-confirmed changes serve as direct, objective evidence that a medical treatment is healing tissue, much like before-and-after photos; strong endoscopic results can drive regulatory approvals, wider use by doctors, and commercial uptake.
treatment-emergent adverse events (teaes) medical
"There were twenty subjects with treatment-emergent adverse events (TEAEs) during the induction treatment period."
Adverse events that first appear or worsen after a patient starts a medical treatment; they are the new or intensified negative effects linked in time to taking the drug or therapy. Investors care because the number and severity of these events shape regulators’ decisions, drug labeling, patient uptake and potential legal or cost risks—think of them like customer complaints that can slow sales, trigger recalls, or change a product’s value.
serious adverse events (saes) medical
"Two serious adverse events (SAEs) were reported, both deemed not drug-related."
Serious adverse events (SAEs) are significant negative outcomes, such as severe health issues, hospitalizations, or death, that occur during a medical study or treatment. For investors, SAEs matter because they can signal potential risks associated with a product or company, potentially affecting its reputation, regulatory approval, or financial performance. Recognizing SAEs helps gauge the safety and reliability of medical-related investments.
anti-tl1a medical
"SPY002, a potential best-in-class anti-TL1A being investigated for the treatment of moderately-to-severely active ulcerative colitis"
anti-TL1A is a laboratory-made antibody that binds to TL1A, a protein that helps drive and amplify inflammation in certain immune-related diseases. For investors, it matters because anti-TL1A drugs are a targeted therapeutic approach; their success in clinical trials and approval can reduce disease activity for patients and create a potential new revenue stream, while also carrying the usual clinical, regulatory and market-adoption risks.
phase 2 medical
"today announced positive 12-week induction data from Part A of the Phase 2 SKYLINE trial of SPY002"
Phase 2 is the mid-stage clinical trial where a new drug or treatment is tested in a larger group of patients to see if it works and to keep checking safety after initial human testing. Think of it as a field test that proves whether a product actually delivers its promised benefit. Investors watch Phase 2 closely because its results strongly influence a medicine’s chances of reaching the market, the size of its potential sales, and the company’s valuation.
monotherapy medical
"reinforce our thesis that optimized monotherapy components are the foundation for potentially best-in-class combinations."
Monotherapy is a treatment approach that uses only one type of medicine or therapy to address a condition, instead of combining multiple options. For investors, understanding monotherapy matters because it can influence a company's development strategy, risk profile, and potential market size, especially if the single-treatment approach proves effective or faces limitations compared to combination therapies.

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

SPY002 met its primary endpoint with a statistically significant reduction of 10.7 points (p<0.0001) from baseline at Week 12 in Robart’s Histopathology Index (RHI) score 

Secondary endpoints included clinical remission by modified Mayo Score of 33% and endoscopic improvement of 42%

SPY002 was well tolerated with a safety profile consistent with the TL1A class

SPY002 Phase 2 results delivered within one year of Phase 1 results, highlighting continued operational excellence; on track for multiple additional readouts this year

WALTHAM, Mass., June 15, 2026 (GLOBE NEWSWIRE) -- Spyre Therapeutics, Inc. (NASDAQ: SYRE), a clinical-stage biotechnology company committed to developing next-generation therapies that elevate the standard in immunology by delivering more complete disease control, greater durability, and a simpler treatment experience for patients, today announced positive 12-week induction data from Part A of the Phase 2 SKYLINE trial of SPY002, a potential best-in-class anti-TL1A being investigated for the treatment of moderately-to-severely active ulcerative colitis (UC).

“SPY002 demonstrated an indication-leading 10.7-point reduction in RHI and meaningful clinical remission and endoscopic outcomes in line with the anti-TL1A class and among the highest across therapeutic classes,” said Deanna Nguyen, M.D., SVP of Clinical Development and SKYLINE study lead. “Together with its target Q3-6M sub-cutaneous maintenance profile, these data build upon our impressive SPY001 results and reinforce our thesis that optimized monotherapy components are the foundation for potentially best-in-class combinations. We remain on track to report Part A data for SPY003 (anti-IL-23) in Q3, which, if successful, would complete proof-of-concept for our investigational monotherapy components. We are now enrolling Part B of the SKYLINE trial, which includes three combination arms with the potential to deliver best-in-disease efficacy, safety, and treatment experience.”

SPY002 SKYLINE Part A Induction Topline Results

SKYLINE is a two-part induction and maintenance platform trial of SPY001, SPY002, SPY003, as well as pairwise combinations thereof (six investigational agents total) in patients with moderately-to-severely active ulcerative colitis. Part A is an open-label assessment of the safety and efficacy of a single dose level of each investigational monotherapy, and Part B is a randomized and placebo-controlled assessment of the safety and efficacy of investigational monotherapies (two dose levels) and combinations.

SPY002 is an extended half-life investigational antibody targeting TL1A, an upstream cytokine implicated in chronic inflammation and fibrosis in IBD. Initial 12-week findings from SKYLINE Part A demonstrated that SPY002 met all key objectives. The study population consisted of 35% advanced therapy-exposed participants with a mean disease duration of 7.0 years, a mean baseline RHI score of 16.9 ± 8.5 (SD), a mean modified Mayo Score of 6.9 ± 1.0 (SD), and 56% of whom had a baseline endoscopy score of 3.

Efficacy: SPY002 achieved the primary endpoint, demonstrating a statistically significant 10.7-point reduction in RHI score (p<0.0001), robust rates of clinical remission and endoscopic improvement, and a meaningful change in mMS, results that are among the highest reported in UC.

Endpoint (Week 12)SPY002
Change in RHI from baseline
Primary endpoint
-10.7
(p<0.0001)
Clinical remission rate33%
Endoscopic improvement rate42%
Change in modified Mayo Score-3.7 


Safety:
SPY002 was well tolerated with a safety profile consistent with the TL1A class. There were twenty subjects with treatment-emergent adverse events (TEAEs) during the induction treatment period. Two serious adverse events (SAEs) were reported, both deemed not drug-related. One case was for hospitalization for exacerbation of UC, the other case was for worsening of heart failure in a subject with a history of heart failure. The most common adverse events (AEs) (occurring in ≥ 2 patients) were arthralgia (n=2), hypertension (n=3), nausea (n=2), UC (n=2), and viral respiratory tract infection (n=2).

 SPY002 (n=48)
Subjects with any AE (n, %)20 (41.7%)
Severe (Grade ≥ 3) AE2 (4.2%)1,2
Drug-related AE3 (6.3%)3
AE leading to drug discontinuation2 (4.2%)2,4
SAE2 (4.2%)1,2
Drug-related SAE0
AEs of special interest0
Death0


1
Hospitalization for exacerbation of UC in one subject, deemed not drug-related.
2Hospitalization for worsening heart failure in one subject with history of heart failure and atrial fibrillation, who was subsequently diagnosed with worsening of aortic stenosis; deemed not drug-related.
3One case each of nausea, hypertension, and arthralgia.
4Exacerbation of UC, deemed not drug-related.

About Spyre Therapeutics

Spyre Therapeutics is a clinical-stage biotechnology company committed to developing next-generation therapies that elevate the standard in immunology by delivering more complete disease control, greater durability, and a simpler treatment experience for patients. Spyre's pipeline includes investigational extended half-life antibodies targeting α4β7, TL1A, and IL-23.

For more information, visit Spyre's website at www.spyre.com.

Forward-Looking Statements

Certain statements in this press release, other than purely historical information, may constitute "forward-looking statements" within the meaning of the federal securities laws, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: Spyre’s ability to achieve the expected benefits or opportunities with respect to its product candidates, including their potential commercialization and its ability to develop next-generation therapies that elevate the standard in immunology by delivering more complete disease control, greater durability, and a simpler treatment experience for patients; the potential for the three combination arms to deliver best-in-disease efficacy, safety, and treatment experiences; Spyre’s ongoing and future clinical development activities, including Spyre’s plans for data readouts for the ongoing SKYLINE trial. The words "opportunity," "potential," "milestones," "pipeline," "strategy," "anticipate," "believe," "could," "estimate," "expect," "may," "might," "plan," "possible," "predict," "should," "will," "would," and similar expressions (including the negatives of these terms) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on current expectations and beliefs and involve a number of risks and uncertainties, many of which are beyond Spyre’s control, and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties and risks arising from regulatory feedback, including potential disagreement by regulatory authorities with the Company’s interpretation of data and the Company’s clinical trials for its product candidates; the potential for interim data not being delivered within expected time frames or final data not being consistent with or different than the topline or interim data reported for our programs; the potential impact of Trump Administration policies and changes in law on our business; and those uncertainties and factors described in Spyre's most recent Annual Report on Form 10-K, as supplemented and updated by subsequent Quarterly Reports on Form 10-Q and any other filings that Spyre has made or may make with the SEC from time to time. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Spyre does not undertake or accept any duty to make any updates or revisions to any forward-looking statements.

For Investors:     
Eric McIntyre, Spyre Therapeutics
SVP of Finance and Investor Relations
Eric.mcintyre@spyre.com 

For Media:     
Josie Butler, 1AB
josie@1abmedia.com 


FAQ

What did Spyre Therapeutics (SYRE) announce about SPY002 SKYLINE Part A results on June 15, 2026?

Spyre Therapeutics announced positive 12-week induction data from Part A of the Phase 2 SKYLINE trial of SPY002 in moderate-to-severe ulcerative colitis. According to Spyre, SPY002 met all key objectives, including the primary histologic endpoint and multiple clinical secondary endpoints.

Did SPY002 meet the primary endpoint in Spyre Therapeutics' (SYRE) Phase 2 SKYLINE ulcerative colitis trial?

Yes. SPY002 met the primary endpoint with a statistically significant 10.7-point reduction from baseline in Robart’s Histopathology Index at Week 12 (p<0.0001). According to Spyre, this histologic improvement was achieved in a population with moderately-to-severely active ulcerative colitis.

What clinical remission and endoscopic improvement rates were reported for SPY002 in Spyre's (SYRE) SKYLINE trial?

SPY002 achieved a 33% clinical remission rate and a 42% endoscopic improvement rate at Week 12 in Part A of SKYLINE. According to Spyre, these were key secondary endpoints alongside a -3.7 change in modified Mayo Score in ulcerative colitis patients.

What was the safety profile of SPY002 in the Phase 2 SKYLINE Part A induction data for SYRE?

SPY002 was reported as well tolerated with a safety profile consistent with the TL1A class, and no drug-related serious adverse events. According to Spyre, 41.7% of patients had treatment-emergent adverse events, 4.2% had severe AEs, and no deaths or AEs of special interest occurred.

How many ulcerative colitis patients were treated with SPY002 and what were their baseline characteristics?

Forty-eight patients received SPY002 in SKYLINE Part A, with 35% previously exposed to advanced therapies. According to Spyre, mean baseline RHI was 16.9, modified Mayo Score 6.9, disease duration 7.0 years, and 56% had an endoscopy score of 3.

What are the next clinical milestones for Spyre Therapeutics (SYRE) after the SPY002 SKYLINE Part A results?

Spyre is enrolling Part B of SKYLINE, which includes randomized placebo-controlled monotherapy and combination arms, and plans multiple readouts this year. According to Spyre, Part A data for SPY003 (anti-IL-23) are expected in the third quarter, completing monotherapy proof-of-concept if successful.

How does Spyre Therapeutics describe the potential of SPY002 in ulcerative colitis based on SKYLINE data?

Spyre describes SPY002 as a potential best-in-class anti-TL1A with indication-leading histologic and meaningful clinical outcomes in ulcerative colitis. According to Spyre, results are among the highest reported in UC and align with the TL1A class, supporting future combination strategies in SKYLINE Part B.