Tenaya Therapeutics Announces Rapid Resolution and Lifting of Clinical Hold for MyPEAK-1™ Phase 1b/2a Clinical Trial of TN-201 Gene Therapy

Rhea-AI Summary

Tenaya Therapeutics (NASDAQ:TNYA) announced the U.S. Food and Drug Administration has removed the clinical hold on the MyPEAK-1 Phase 1b/2a trial of TN-201 for MYBPC3-associated hypertrophic cardiomyopathy.

The company said all FDA concerns were addressed and protocol amendments are being implemented with sites to standardize patient monitoring and immunosuppressive management before resuming dosing. The prophylactic prednisone and sirolimus regimen remains unchanged; amendments formalize shorter durations and lower cumulative doses between cohorts despite a higher TN-201 dose.

Tenaya highlighted Cohort 1 data at ≥52 weeks and Cohort 2 data at 12- and 26-weeks presented at the American Heart Association Scientific Sessions and published in Cardiovascular Research. The DSMB previously endorsed continued enrollment and no new safety concerns have been reported. The company does not expect the hold to affect data milestones or timelines.

Positive

• FDA removed the clinical hold on MyPEAK-1
• Protocol amendments formalize shorter immunosuppression durations
• Cohort 1 data available at ≥52 weeks; Cohort 2 data at 12 and 26 weeks
• DSMB endorsed continued enrollment after safety review

Negative

• MyPEAK-1 trial had been placed on a clinical hold prior to this resolution
• Protocol amendments required operational changes at trial sites before dosing resumes

News Market Reaction – TNYA

-2.86% 20.9x vol

69 alerts

-2.86% News Effect

+2.6% Peak Tracked

-32.9% Trough Tracked

-$7M Valuation Impact

$226M Market Cap

20.9x Rel. Volume

On the day this news was published, TNYA declined 2.86%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.6% during that session. Argus tracked a trough of -32.9% from its starting point during tracking. Our momentum scanner triggered 69 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $7M from the company's valuation, bringing the market cap to $226M at that time. Trading volume was exceptionally heavy at 20.9x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Cohort 1 follow-up: ≥52 weeks Cohort 2 follow-up: 12 weeks Cohort 2 follow-up: 26 weeks

3 metrics

Cohort 1 follow-up ≥52 weeks MyPEAK-1 TN-201 Phase 1b/2a clinical trial follow-up duration

Cohort 2 follow-up 12 weeks Available MyPEAK-1 TN-201 data timepoint for Cohort 2

Cohort 2 follow-up 26 weeks Available MyPEAK-1 TN-201 data timepoint for Cohort 2

Market Reality Check

Price: $0.6193 Vol: Volume 1,245,765 is below...

low vol

$0.6193 Last Close

Volume Volume 1,245,765 is below the 20-day average of 1,968,871 before this news. low

Technical Shares traded above the 200-day MA, at $1.40 vs 200-day MA of $0.94 pre-announcement.

Peers on Argus

Before this news, TNYA was down 0.71% while key biotech peers like TLSA, SLS, an...

Before this news, TNYA was down 0.71% while key biotech peers like TLSA, SLS, and SLN were up between 1.62% and 4.05%, indicating stock-specific trading rather than a sector-wide move.

Historical Context

5 past events · Latest: Nov 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 10	Earnings and update	Positive	+11.7%	Q3 2025 results with narrowed net loss and lower operating expenses.
Nov 04	Clinical data preview	Positive	-3.5%	Announcement of late-breaking TN-201 and gene therapy data presentations.
Oct 09	Conference participation	Neutral	+10.4%	Participation in H.C. Wainwright genetic medicines virtual conference.
Oct 02	Investor conferences	Neutral	+1.3%	October investor and industry conference schedule with gene therapy panel.
Sep 18	Inducement grants	Neutral	+8.2%	Stock option inducement grants to two new non-executive employees.

Pattern Detected

Recent headlines often saw positive or mixed price reactions, but clinical trial news has sometimes produced sharp moves in both directions, including selloffs on otherwise constructive TN-201 data.

Recent Company History

Over the last six months, Tenaya has advanced TN-201 through MyPEAK-1 with multiple data updates and conference presentations, while also managing operating expenses and extending its cash runway. Clinical trial news on Dec 17, 2024 and Mar 31, 2025 produced large but opposite price reactions, and later DSMB safety endorsements on Jul 30, 2025 were followed by a modest gain. The current lifting of the clinical hold on MyPEAK-1 follows the FDA’s November hold request and fits into this ongoing TN-201 development narrative.

Market Pulse Summary

This announcement details FDA agreement to lift the clinical hold on the MyPEAK-1 TN-201 trial after...

Analysis

This announcement details FDA agreement to lift the clinical hold on the MyPEAK-1 TN-201 trial after protocol amendments standardizing monitoring and immunosuppression. With Cohort 1 patients followed for at least 52 weeks and Cohort 2 data out to 12 and 26 weeks, the update fits into a sequence of safety reviews and data presentations. Investors may monitor future clinical readouts and any additional regulatory interactions around TN-201’s development path.

Key Terms

clinical hold, phase 1b/2a, gene therapy, hypertrophic cardiomyopathy, +4 more

8 terms

clinical hold regulatory

"received official notification from the U.S. Food and Drug Administration (FDA) that the clinical hold on the MyPEAK-1"

A clinical hold is an order from a drug or medical-device regulator to stop or suspend a clinical trial or development activity because of safety concerns, inadequate study plans, or incomplete data. Think of it like a referee pausing a game until rules or safety issues are resolved; investors care because a hold can delay approval, increase costs, create uncertainty about a product’s future, and often affects a company’s valuation until the issues are addressed.

phase 1b/2a medical

"MyPEAK-1™ Phase 1b/2a clinical trial of TN-201 has been removed."

Phase 1b/2a is a combined early-stage clinical study that first tests safety and optimal dosing in a small group and then expands to look for initial signs that the drug works in the target patients. Think of it as a prototype test followed by a small pilot run: it helps companies decide whether to invest in larger, more expensive trials. Investors watch these results because they reduce scientific uncertainty and can sharply affect a drug’s value and development timeline.

gene therapy medical

"Phase 1b/2a clinical trial of TN-201 gene therapy"

Gene therapy is a medical technique that involves altering or replacing faulty genes in a person's cells to treat or prevent disease. It is considered a promising area of innovation because it has the potential to provide long-term or even permanent solutions to genetic conditions. For investors, advancements in gene therapy can signal opportunities in biotech companies and emerging treatments with significant growth potential.

hypertrophic cardiomyopathy medical

"TN-201 is being developed for the potential treatment of Myosin Binding Protein C3 (MYBPC3)-associated hypertrophic cardiomyopathy (HCM)"

Hypertrophic cardiomyopathy is a genetic heart condition in which the heart muscle becomes abnormally thick, making it harder for the heart to pump and for electrical signals to travel normally; think of a pump whose walls have thickened so it moves less efficiently. Investors care because the condition drives demand for diagnostics, drugs and devices, affects workforce and insurance costs, and can influence clinical trial results, regulatory approvals and liability exposure in healthcare-related companies.

myosin binding protein c3 (mybpc3) medical

"Myosin Binding Protein C3 (MYBPC3)-associated hypertrophic cardiomyopathy (HCM)"

Myosin binding protein C3 (MYBPC3) is a gene that makes a protein acting like a structural anchor and tuning knob inside heart muscle cells, helping them contract smoothly and hold their shape. When MYBPC3 is faulty, it can weaken or mis-regulate heart muscle function and often leads to an inherited condition that makes the heart abnormally thick and less efficient. Investors track MYBPC3 because it defines patient groups for genetic tests, influences demand for therapies and diagnostics, and is a common target for drug development.

immunosuppressive regimen medical

"optimize patient monitoring and management of the immunosuppressive regimen."

A measured combination of medicines and dosing plans designed to reduce the body's immune response so a transplanted organ is not attacked or an overactive immune disease is controlled, similar to dimming an overly sensitive alarm system so it doesn’t react to normal activity. Investors care because the specific drugs, safety profile and long‑term outcomes determine market demand, treatment costs, regulatory approval paths and how widely a therapy will be adopted.

prednisone medical

"The immunosuppression regimen of prophylactic prednisone and sirolimus remains unchanged."

Prednisone is an oral steroid medicine that reduces inflammation and calms an overactive immune system, commonly prescribed for asthma, allergies, autoimmune disorders and severe inflammatory conditions; it works like hormones the body naturally makes. Investors pay attention because demand, pricing, generic competition, safety warnings or supply disruptions can meaningfully affect drugmakers’ sales and healthcare spending, similar to how a staple ingredient shaping many recipes affects multiple food producers.

sirolimus medical

"The immunosuppression regimen of prophylactic prednisone and sirolimus remains unchanged."

Sirolimus is a medication that suppresses the immune system and slows abnormal cell growth, acting like a brake to prevent the body from rejecting transplanted organs and to reduce excessive tissue buildup. Investors care because approvals, clinical trial results, patent protection and safety data determine how widely the drug and products that deliver it (like coated stents or creams) can be sold, which directly affects potential revenue and risk.

AI-generated analysis. Not financial advice.

MyPEAK-1 Protocol Amendments Agreed Upon with FDA; Tenaya Implementing Changes with Sites

SOUTH SAN FRANCISCO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Tenaya Therapeutics, Inc. (NASDAQ: TNYA), a clinical-stage biotechnology company with a mission to discover, develop and deliver potentially curative therapies that address the underlying causes of heart disease, today announced it has received official notification from the U.S. Food and Drug Administration (FDA) that the clinical hold on the MyPEAK-1™ Phase 1b/2a clinical trial of TN-201 has been removed. All concerns raised by the FDA related to the clinical hold have been addressed. TN-201 is being developed for the potential treatment of Myosin Binding Protein C3 (MYBPC3)-associated hypertrophic cardiomyopathy (HCM), a condition caused by insufficient levels of myosin-binding protein C (MyBP-C).

Tenaya is currently implementing amendments to the study protocol in collaboration with MyPEAK-1 clinical sites after which the company plans to resume dosing. The protocol changes standardize practices adopted in the trial to optimize patient monitoring and management of the immunosuppressive regimen. The immunosuppression regimen of prophylactic prednisone and sirolimus remains unchanged. The protocol amendment formalizes the company’s learnings from the timing and dosing of these agents, which enabled shorter durations and lower cumulative doses of these immunosuppressants between cohorts, despite the higher TN-201 dose. These findings, as well as data from Cohort 1 patients at ≥52-weeks of follow-up and available data for Cohort 2 patients at 12- and 26-weeks, were recently featured in a late-breaker presentation at the American Heart Association Scientific Sessions with a simultaneous publication in Cardiovascular Research.

To date, TN-201 has been generally well tolerated and the MyPEAK-1 data and safety monitoring board (DSMB) endorsed continued enrollment of the trial following a review of all available safety data this summer. There have been no new safety findings of concern since. The company does not expect the hold to impact data milestones or development timelines.

About the MyPEAK-1 Phase 1b/2a Clinical Trial
The MyPEAK-1 Phase 1b/2a clinical trial (Clinicaltrials.gov ID: NCT05836259) is a multi-center, open-label, dose-escalating (3E13 vg/kg and 6E13 vg/kg) study of symptomatic adults (up to 24) who have been diagnosed with MYBPC3-associated HCM. MyPEAK-1 is designed to assess the safety, tolerability and clinical efficacy of a one-time intravenous infusion of TN-201 gene replacement therapy. MyPEAK-1 has tested doses of 3E13 vg/kg and 6E13 vg/kg in two cohorts of three patients each and is enrolling additional MYBPC3-positive adults with either the nonobstructive or obstructive form of HCM in dose expansion cohorts.

To learn more about gene therapy for HCM and participation in the MyPEAK-1 study, please visit HCMStudies.com.

About MYBPC3-Associated Hypertrophic Cardiomyopathy
Variants in the Myosin Binding Protein C3 (MYBPC3) gene are the most common genetic cause of hypertrophic cardiomyopathy (HCM), accounting for approximately 20% of the overall HCM population, or 120,000 patients, in the United States alone. MYBPC3-associated HCM is a severe and progressive condition affecting adults, teens, children and infants. Mutations of the MYBPC3 gene result in insufficient expression of a protein, called MyBP-C, needed to regulate heart contraction. The heart becomes hypercontractile and the left ventricle thickens, resulting in symptoms such as chest pain, shortness of breath, palpitations and fainting. Patients whose disease is caused by MYBPC3 mutations are more likely than those with non-genetic forms of HCM to experience earlier disease onset and have high rates of serious outcomes, including heart failure symptoms, arrhythmias, stroke and sudden cardiac arrest or death. There are currently no approved therapeutics that address the underlying genetic cause of HCM.

About TN-201
TN-201 is an adeno-associated virus serotype 9 (AAV9)-based gene therapy designed address the underlying cause of MYBPC3-associated HCM by delivering a working MYBPC3 gene to heart muscle cells via a single intravenous infusion and thereby increasing insufficient MyBP-C protein levels with the aim of halting or even reversing disease after a single dose. The U.S. Food and Drug Administration has granted TN-201 Fast Track, Orphan Drug and Rare Pediatric Drug Designations. TN-201 has also received orphan medicinal product designation from the European Commission.

About Tenaya Therapeutics
Tenaya Therapeutics is a clinical-stage biotechnology company committed to a bold mission: to discover, develop and deliver potentially curative therapies that address the underlying drivers of heart disease. Tenaya’s pipeline includes clinical-stage candidates TN-201, a gene therapy for MYBPC3-associated hypertrophic cardiomyopathy (HCM) and TN-401, a gene therapy for PKP2-associated arrhythmogenic right ventricular cardiomyopathy (ARVC). Tenaya has employed a suite of integrated internal capabilities, including modality agnostic target validation, capsid engineering and manufacturing, to generate a portfolio of novel medicines based on genetic insights, including TN-301, a clinical-stage small molecule HDAC6 inhibitor for the potential treatment of heart failure and related cardio/muscular disease, and multiple early-stage programs in preclinical development aimed at the treatment of both rare genetic disorders and more prevalent heart conditions. For more information, visit www.tenayatherapeutics.com.

Forward Looking Statements

This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Words such as “expect,” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include, among other things, Tenaya’s expectation that the clinical hold will not impact data milestones or development timelines. The forward-looking statements contained herein are based upon Tenaya’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including but not limited to: Tenaya’s ability to successfully implement protocol changes for MyPEAK-1; the potential progress of MyPEAK-1; the potential failure of TN-201 to demonstrate safety and/or efficacy in clinical testing; the potential for any MyPEAK-1 clinical trial results to differ from preclinical, interim, preliminary or expected results; the potential for the FDA and/or other regulatory agencies to conclude at any time that TN-201 may not have an appropriate risk/benefit profile; Tenaya’s ability to enroll and maintain patients in MyPEAK-1; risks associated with the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics and operating as an early stage company; Tenaya’s continuing compliance with applicable legal and regulatory requirements; Tenaya’s ability to raise any additional funding it will need to continue to pursue its product development plans; Tenaya’s reliance on third parties; Tenaya’s manufacturing, commercialization and marketing capabilities and strategy; the loss of key scientific or management personnel; competition in the industry in which Tenaya operates; Tenaya’s ability to obtain and maintain intellectual property protection for its product candidates; general economic and market conditions; and other risks. Information regarding the foregoing and additional risks may be found in the section titled “Risk Factors” in Tenaya’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025, and other documents that Tenaya files from time to time with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and Tenaya assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Tenaya Contacts
Michelle Corral
VP, Corporate Communications and Investor Relations
IR@tenayathera.com

Investors
Anne-Marie Fields
Precision AQ
annemarie.fields@precisionaq.com

Media
Wendy Ryan
Ten Bridge Communications
wendy@tenbridgecommunications.com

FAQ

What did Tenaya (TNYA) announce on December 11, 2025 about the MyPEAK-1 trial?

The company said the FDA removed the clinical hold on the MyPEAK-1 Phase 1b/2a trial of TN-201 after all concerns were addressed.

Will Tenaya resume dosing in the MyPEAK-1 trial and what changes are required?

Yes; Tenaya is implementing protocol amendments with sites to standardize monitoring and immunosuppressive management before resuming dosing.

Did Tenaya change the immunosuppression regimen for TN-201 in MyPEAK-1?

No; prophylactic prednisone and sirolimus remain unchanged, though timing and dosing guidance were formalized to reduce duration and cumulative doses.

What clinical data did Tenaya report for MyPEAK-1 cohorts and where were they presented?

Cohort 1 data at ≥52 weeks and Cohort 2 data at 12- and 26-weeks were presented at the American Heart Association Scientific Sessions and published in Cardiovascular Research.

Did the DSMB clear Tenaya to continue MyPEAK-1 enrollment?

Yes; the DSMB endorsed continued enrollment following a safety review this summer, and no new safety concerns have been reported since.

Will the lifted clinical hold affect Tenaya's TN-201 development timelines?

The company stated it does not expect the clinical hold removal to impact data milestones or development timelines.