Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Pharnext Announces On-Schedule Completion of Patient Enrollment in its Pivotal Phase III Trial of PXT3003, the PREMIER Trial, for the Treatment of Charcot-Marie-Tooth Disease Type 1A

PARIS, FRANCE / ACCESSWIRE / May 30 2022 / Pharnext SA (FR0011191287 - ALPHA) (the "Company"), an advanced late-clinical stage biopharmaceutical company developing novel therapeutics for neurodegenerative diseases with high unmet medical need, today announces it has completed the enrollment of 387 patients in its pivotal Phase III clinical study of PXT3003, the PREMIER trial, in Charcot-Marie-Tooth disease type 1A (‘CMT1A'). This important company milestone, highlighted in previously announced timelines, has now been completed. PXT3003 is the Company's lead program to treat CMT1A, a debilitating disease with currently no existing approved therapies.

The PREMIER trial is an international, randomized, double-blind, two-arm placebo-controlled, pivotal Phase III study, where the primary objective is to evaluate the efficacy and safety of PXT3003 versus placebo in mild-to-moderate CMT1A patients, over a 15-month period. The dose of PXT3003 tested in the PREMIER trial corresponds to the high dose (‘HD') tested in the prior Phase III clinical study, the PLEO-CMT trial, and the ongoing open-label extension Phase III study, the PLEOCMT-FU trial. As agreed with regulatory agencies, the primary efficacy endpoint will be the Overall Neuropathy Limitations Scale (‘ONLS') which measures functional motor disability. For more information on the PREMIER trial please refer to the "About the PREMIER Trial" paragraph below.

Patient enrollment in the PREMIER trial took place in 52 centers across the US, Canada, Europe and Israel, with the final number of patients randomized exceeding the target of 350 patients defined in the protocol. Top line data are expected to be announced in Q4 2023.

Dr. David Horn Solomon, Chief Executive Officer of Pharnext, commented: "Completing enrollment of the Pivotal Phase III study of PXT3003, the PREMIER trial, represents a significant milestone for Pharnext and we are delighted that the study has completed enrollment on schedule across an international range of trial centers. It brings us one step closer to a potential treatment for those with CMT1A, a debilitating disease which affects around 1.5 million people globally."

Dr. Burkhard Blank, Chief Medical Officer at Pharnext commented: "We are excited to complete the enrollment of our PREMIER trial in Q2 2022 as planned and look forward to reporting top line data, expected in Q4 2023. We are grateful to the patients and investigators participating in this trial. If approved, PXT3003 has the potential to help transform the lives of those who live with CMT1A."