Takeda Announces Late-Breaking Data From Phase 2b Study Of TAK-279, An Investigational, Oral, Once-Daily TYK2 Inhibitor, In Patients With Active Psoriatic Arthritis At American College Of Rheumatology Convergence Annual Meeting
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Takeda Pharmaceutical Company Limited (TAK) announced positive results from its Phase 2b trial of TAK-279, an investigational oral allosteric tyrosine kinase 2 (TYK2) inhibitor, in patients with active psoriatic arthritis. The study met its primary endpoint with 53.3% and 54.2% of patients treated with TAK-279 achieving at least an ACR 20 response compared to 29.2% in the placebo group at week 12. Takeda plans to initiate Phase 3 studies in plaque psoriasis in FY23 and psoriatic arthritis in FY24, while exploring TAK-279 in systemic lupus erythematosus, inflammatory bowel disease and other indications.
November 07, 2023 | 3:01 pm
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POSITIVE IMPACT
Takeda's successful Phase 2b trial of TAK-279 for psoriatic arthritis could potentially boost the company's stock in the short term. The company's plans to initiate Phase 3 studies for plaque psoriasis and psoriatic arthritis in FY23 and FY24 could also positively impact the stock.
Positive clinical trial results often lead to increased investor confidence, which can drive up a company's stock price. Takeda's announcement of successful Phase 2b trial results for TAK-279, along with plans for Phase 3 studies, could therefore have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100