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Ayala completes patient enrollment for pivotal desmoid tumor study

EditorIsmeta Mujdragic
Published 02/20/2024, 10:31 AM
© Reuters.

REHOVOT, Israel and MONMOUTH JUNCTION, N.J. - Ayala Pharmaceuticals, Inc. (OTCQX: ADXS), a clinical-stage oncology company, has announced the completion of patient enrollment for its Phase 3 RINGSIDE study, which is evaluating the efficacy of the drug AL102 in treating desmoid tumors. This marks a significant milestone for the company, with a total of 156 patients enrolled in the study.

The RINGSIDE study is a double-blind, multi-center trial focusing on patients with progressive desmoid tumors. Participants are randomized to receive either a 1.2 mg dose of AL102 once daily or a placebo. The primary goal of the study is to measure progression-free survival (PFS), with secondary endpoints including objective response rate (ORR), duration of response (DOR), and patient-reported Quality of Life (QOL) measures.

Kenneth Berlin, President and CEO of Ayala Pharmaceuticals, expressed gratitude for the high level of enthusiasm from clinical trial investigators, support staff, and patients, which enabled the study to reach this stage several months ahead of schedule. The completion of enrollment is seen as a crucial step towards offering patients and physicians a new once-daily treatment option for desmoid tumors.

The RINGSIDE study is designed to support a New Drug Application (NDA) for AL102 in desmoid tumors. The Phase 3 segment follows the Phase 2 part of the study, which evaluated the efficacy, safety, tolerability, and tumor volume reduction of AL102 in a smaller group of patients.

In addition to its work on desmoid tumors, Ayala Pharmaceuticals is also developing treatments for other rare tumors and aggressive cancers. The company's lead candidates include AL102 and aspacytarabine (BST-236), which is being investigated for the treatment of acute myeloid leukemia (AML).

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The news comes on the heels of a February 6, 2024 announcement that Ayala entered into an agreement with Immunome (Nasdaq:IMNM) for the acquisition of certain assets related to AL102 and another drug candidate, AL101.

The information for this article is based on a press release statement from Ayala Pharmaceuticals.

InvestingPro Insights

Following the recent announcement by Ayala Pharmaceuticals regarding their Phase 3 RINGSIDE study and the agreement with Immunome (Nasdaq:IMNM), investors may be keen to understand the financial health and market sentiment surrounding Immunome. Here are some insights based on real-time data and InvestingPro Tips:

Immunome's market capitalization stands at a robust $1.3 billion, reflecting significant investor confidence. The company's stock has experienced substantial returns, with a 354.93% increase over the last year and a 141.5% rise year-to-date. This performance is highlighted by a 15.41% return in the past week alone, suggesting a strong short-term bullish trend.

Although Immunome's Price / Book ratio is currently high at 222.17, indicating a premium valuation, the company's liquid assets exceed its short-term obligations, which may provide some financial stability. Additionally, the recent price movements have been quite volatile, something investors should be mindful of.

For those considering deeper analysis, InvestingPro offers further insights into Immunome's performance and financials. Currently, there are 12 additional InvestingPro Tips available, which can provide a more comprehensive understanding of the company's position. Interested readers can explore these tips and gain an edge by using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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