Crinecerfont

INGREZZA® (valbenazine) Second Quarter Net Product Sales of $580 Million Representing 32% Year-Over-Year Growth INGREZZA ® (valbenazine) 2024 Net Product Sales Guidance Raised to $2.25 - $2.3 Billion Top-Line Phase 2 Data Readouts for NBI-'568 and Luvadaxistat Remain On Track in Q3 SAN DIEGO, Aug. 1, 2024 /PRNewswire/ -- Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today announced its financial results for the second quarter ended June 30, 2024 and provided an update on its 2024 financial guidance. "At Neurocrine, we are energized by the tremendous opportunity we see to help many more patients, and we are encouraged by our recent progress, including INGREZZA's continued success in treating tardive dyskinesia and Huntington's disease chorea and the FDA's decision to grant Priority Review for crinecerfont to treat congenital adrenal hyperplasia," said Kevin Gorman, Ph.D., Chief Executive Officer of Neurocrine Biosciences. "We are in the process of building our endocrinology team and expanding the INGREZZA salesforce, positioning our company for continued strong growth in the years ahead." Kevin Gorman added, "As I look ahead to my planned retirement in October, I have never been more confident in Neurocrine's future. I am incredibly proud of all that we have achieved together and excited to see what this team will continue to accomplish for patients under Kyle Gano's leadership." Financial Highlights INGREZZA Net Product Sales Highlights INGREZZA second quarter 2024 net product sales were $580 million and grew 32% compared to the second quarter 2023 Year-over-year growth driven by strong underlying patient demand and improvement in gross-to-net dynamics Other Key Financial Highlights Differences in second quarter 2024 GAAP and Non-GAAP operating expenses compared with second quarter 2023 were driven by: Increased R&D expense in support of an expanded and advancing clinical portfolio including investments in muscarinic compounds, gene therapy programs and second generation VMAT2 inhibitors. R&D expense for the second quarter 2024 includes $27 million for development milestones achieved under our collaborations with Nxera Pharma UK Limited (Nxera, formerly known as Sosei Heptares), Takeda Pharmaceutical Company Limited (Takeda) and Voyager Therapeutics, Inc. (Voyager) Increased SG&A expense includes incremental investment in crinecerfont-related headcount, crinecerfont-related pre-launch activities, and continued investment in INGREZZA. GAAP SG&A expense also includes impairment charges of $14 million associated with leased office space that has been vacated as we continue to occupy our new campus facility Second quarter 2024 GAAP net income and earnings per share were $65 million and $0.63, respectively, compared with $96 million and $0.95, respectively, for second quarter 2023 Second quarter 2024 Non-GAAP net income and earnings per share were $169 million and $1.63, respectively, compared with $126 million and $1.25, respectively, for second quarter 2023 Differences in second quarter 2024 GAAP and Non-GAAP net income compared with second quarter 2023 driven by: Higher INGREZZA net sales and improved operating margin Second quarter 2024 includes $50 million charge associated with the settlement of convertible senior notes conversions (Non-GAAP adjustment) Second quarter 2024 includes $20 million loss from changes in fair value of equity security investments compared to $37 million gain the second quarter 2023 (Non-GAAP adjustment) Second quarter 2024 includes $27 million of development milestones expense achieved under collaborations Second quarter 2024 includes $14 million leased office space impairment charge (Non-GAAP adjustment) At June 30, 2024, the Company had cash, cash equivalents and marketable securities totaling approximately $1.7 billion which reflects the $309 million payment to fully retire our convertible senior notes A reconciliation of GAAP to Non-GAAP financial results can be found in Table 3 and Table 4 at the end of this news release. Recent Developments Announced Kevin Gorman, Ph.D., will retire as Chief Executive Officer on October 11, 2024. Kyle Gano, Ph.D., currently Neurocrine's Chief Business Development and Strategy Officer, will succeed him in the CEO role. Dr. Gano will also join the Company's Board of Directors at that time, and Dr. Gorman will continue to serve on the Company's Board. Announced positive topline data for the Phase 2 SAVITRI™ study. This randomized, double-blind, placebo-controlled dose-finding study assessed the efficacy and safety of NBI-1065845 in adult subjects with major depressive disorder (MDD). NBI-1065845 is an investigational alpha-amino-3-hydroxy-5-methyl-4-isoxazole propionic acid (AMPA) positive allosteric modulator (PAM) in development as a potential treatment for patients with MDD who have not benefited from treatment with at least one antidepressant in their current episode of depression. Announced FDA accepted New Drug Applications (NDAs) and granted Priority Review for crinecerfont for adult and pediatric patients with congenital adrenal hyperplasia (CAH). The agency set Prescription Drug User Fee (PDUFA) target actions dates of December 29, 2024 for the capsule formulation and December 30, 2024 for the oral solution formulation. At the Endocrine Society Annual Meeting (ENDO 2024), presented new Phase 3 clinical study data from the CAHtalyst™ registrational studies of crinecerfont in pediatric and adult patients with classic congenital adrenal hyperplasia (CAH) due to 21-hydroxylase deficiency. In parallel, announced that the primary study results from the CAHtalyst™ registrational studies of crinecerfont in pediatric and adult patients with classic congenital adrenal hyperplasia (CAH) due to 21-hydroxylase deficiency have been published in The New England Journal of Medicine. Initiated Phase 2 study of NBI-1070770 in adults with major depressive disorder. NBI-1070770 is a novel, selective and orally active, negative allosteric modulator (NAM) of the NR2B subunit-containing N-methyl-D-aspartate (NMDA NR2B) receptor. Initiated Phase 1 study of NBI-1117567 in healthy adult participants. NBI-1117567 is an investigational, oral, M1/M4 (M1 preferring) selective muscarinic agonist for the potential treatment of neurological and neuropsychiatric conditions. Initiated Phase 1 study of NBI-1076968 in healthy adult participants. NBI-1076968 is an investigational, oral, M4 subtype-selective muscarinic antagonist for the potential treatment of movement disorders. Received notification from the Centers for Medicare and Medicaid Services that INGREZZA qualified for the Specified Small Manufacturer Exception pertaining to the Part D redesign of the Inflation Reduction Act. Settled the convertible senior notes due May 15, 2024 in full in cash upon maturity. Announced planned expansion of the INGREZZA psychiatry and long-term care sales teams to better serve patients by accelerating the number of people who are diagnosed and treated for tardive dyskinesia and chorea associated with Huntington's disease. Launched new sprinkle formulation of INGREZZA® (valbenazine) capsules for the treatment of adults with tardive dyskinesia and chorea associated with Huntington's disease. Raised 2024 Net Sales Guidance and Updated Expense Guidance 2024 Pipeline Milestones and Key Activities Key: AMPA = alpha-amino-3-hydroxy-5-methyl-4-isoxazole propionic acid; CFR1 = Corticotropin-Releasing Factor Type 1; M4 = M4 Muscarinic Receptor; DAAO = d-amino acid oxidase; NMDA NR2B NAM = n-methyl-d-aspartate Receptor Subtype 2B Negative Allosteric Modulator; VMAT2 = Vesicular Monoamine Transporter 2; M1 = M1 Muscarinic Receptor Neurocrine Biosciences Partners: * Partnered with Takeda Pharmaceutical Company Limited; ** In-Licensed from Nxera Pharma UK Limited (formerly Sosei Heptares) Conference Call and Webcast Today at 8:00 AM Eastern Time Neurocrine Biosciences will hold a live conference call and webcast today at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time). Participants can access the live conference call by dialing 800-445-7795 (US) or 785-424-1699 (International) using the conference ID: NBIX. The webcast and accompanying slides can also be accessed at approximately 8:00 a.m. Eastern Time on Neurocrine Biosciences' website under Investors at . A replay of the webcast will be available on the website approximately one hour after the conclusion of the event and will be archived for approximately one month. About Neurocrine Biosciences Neurocrine Biosciences is a neuroscience-focused, biopharmaceutical company with a simple purpose: to relieve suffering for people with great needs, but few options. We are dedicated to discovering and developing life-changing treatments for patients with under-addressed neurological, neuroendocrine, and neuropsychiatric disorders. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, chorea associated with Huntington's disease, endometriosis* and uterine fibroids*, as well as a robust pipeline including multiple compounds in mid- to late-phase clinical development across our core therapeutic areas. For three decades, we have applied our unique insight into neuroscience and the interconnections between brain and body systems to treat complex conditions. We relentlessly pursue medicines to ease the burden of debilitating diseases and disorders, because you deserve brave science. For more information, visit neurocrine.com, and follow the company on LinkedIn, X (Formerly Twitter) and Facebook. (*in collaboration with AbbVie) NEUROCRINE BIOSCIENCES, NEUROCRINE and YOU DESERVE BRAVE SCIENCE are registered trademarks of Neurocrine Biosciences, Inc. The Neurocrine logo is a trademark of Neurocrine Biosciences, Inc. Non-GAAP Financial Measures In addition to the financial results and financial guidance that are provided in accordance with accounting principles generally accepted in the United States (GAAP), this press release also contains the following Non-GAAP financial measures: Non-GAAP R&D expense, Non-GAAP SG&A expense, and Non-GAAP net income and net income per share. When preparing the Non-GAAP financial results and guidance, the Company excludes certain GAAP items that management does not consider to be normal, including recurring cash operating expenses that might not meet the definition of unusual or non-recurring items. In particular, these Non-GAAP financial measures exclude: non-cash stock-based compensation expense, charges associated with convertible senior notes, impairment charges associated with leased properties, non-cash amortization expense related to acquired intangible assets, acquisition and integration costs, changes in fair value of equity security investments, changes in foreign currency exchange rates and certain adjustments to income tax expense. These Non-GAAP financial measures are provided as a complement to results provided in accordance with GAAP as management believes these Non-GAAP financial measures help indicate underlying trends in the Company's business, are important in comparing current results with prior period results and provide additional information regarding the Company's financial position. Management also uses these Non-GAAP financial measures to establish budgets and operational goals that are communicated internally and externally and to manage the Company's business and evaluate its performance. The Company provides guidance regarding combined R&D and SG&A expenses on both a GAAP and a Non-GAAP basis. A reconciliation of these GAAP financial results to Non-GAAP financial results is included in the attached financial information. Forward-Looking Statements In addition to historical facts, this press release contains forward-looking statements that involve a number of risks and uncertainties. These statements include, but are not limited to, statements related to: the benefits to be derived from our products and product candidates; the value our products and/or our product candidates may bring to patients; the continued success of INGREZZA; our financial and operating performance, including our future revenues, expenses, or profits; our collaborative partnerships; expected future clinical and regulatory milestones; and the timing of the initiation and/or completion of our clinical, regulatory, and other development activities and those of our collaboration partners. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are: our future financial and operating performance; risks and uncertainties associated with the commercialization of INGREZZA; risks that the crinecerfont New Drug Applications (NDAs) may not obtain regulatory approval, such approval may be delayed, or may not receive the benefits associated with priority review; risks related to the development of our product candidates; risks associated with our dependence on third parties for development, manufacturing, and commercialization activities for our products and product candidates, and our ability to manage these third parties; risks that the FDA or other regulatory authorities may make adverse decisions regarding our products or product candidates; risks that clinical development activities may not be initiated or completed on time or at all, or may be delayed for regulatory, manufacturing, or other reasons, may not be successful or replicate previous clinical trial results, may fail to demonstrate that our product candidates are safe and effective, or may not be predictive of real-world results or of results in subsequent clinical trials; risks that the potential benefits of the agreements with our collaboration partners may never be realized; risks that our products, and/or our product candidates may be precluded from commercialization by the proprietary or regulatory rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; risks associated with government and third-party regulatory and/or policy efforts which may, among other things, impose sales and pharmaceutical pricing controls on our products or limit coverage and/or reimbursement for our products; risks associated with competition from other therapies or products, including potential generic entrants for our products; and other risks described in our periodic reports filed with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. Neurocrine Biosciences disclaims any obligation to update the statements contained in this press release after the date hereof other than as required by law. SOURCE Neurocrine Biosciences, Inc.

关注并星标CPHI制药在线 近日，FDA已接受Neurocrine Biosciences的crinecerfont用于治疗患有经典先天性肾上腺皮质增生症（CAH）的儿童、青少年和成人的新药申请（NDA），并获得优先审评资格。NDA申请针对的是两种crinecerfont剂型：胶囊和口服溶液。FDA为这些申请设定了单独的审批日期（胶囊为2024年12月29日，口服溶液为2024年12月30日）。 Crinecerfont 是一种口服选择性促肾上腺皮质激素释放因子 1 型受体 （CRF1） 拮抗剂，通过糖皮质激素非依赖性机制减少和控制过量的 ACTH 和肾上腺雄激素，用于治疗 21-OHD 引起的 CAH。 今年 4月，CAHtalyst 儿科和 CAHtalyst 成人的 3 期研究支持了向 FDA 提交的两项新药上市申请。这些全球注册研究旨在评估 crinecerfont 分别在儿童、青少年和成人中因 21-OHD 导致的 CAH 中的安全性、有效性和耐受性。 这些研究数据表明，肾上腺雄激素水平的降低允许糖皮质激素的较低、更多的生理剂量来控制雄激素过量。这可能会减少 CAH 中与暴露于超生理糖皮质激素剂量相关的并发症。 如果获得批准，crinecerfont将成为70年来首个CAH的新治疗选择，也是同类首创的治疗方法，为这种罕见且严重的遗传疾病提供了一种全新的方法。 值得一提的是，此前受到广泛关注的Spruce Biosciences处于2期CRF1受体拮抗剂tildacerfont针对成人和儿童CAH的CAHmelia-203试验结果未能达到主要终点，宣告失败。 罕见病——先天性肾上腺增生(CAH) 先天性肾上腺增生(CAH)是一种罕见的遗传疾病，导致酶缺乏，从而改变生命所必需的肾上腺激素的产生。大约95%的CAH病例是由导致21-羟化酶(21-OHD)缺乏的突变引起的。这种酶的严重缺乏导致肾上腺不能产生皮质醇，并且在大约75%的病例中不能产生醛固酮。如果不治疗，CAH会导致盐流失、脱水，甚至死亡。 目前，糖皮质激素(GC)不仅用于纠正内源性皮质醇缺乏症，而且所用剂量高于降低促肾上腺皮质激素(ACTH)和肾上腺雄激素水平所需的皮质醇替代剂量（超生理剂量）。然而，超生理剂量的糖皮质激素治疗与类固醇过量严重且严重的并发症有关，包括体重增加和糖尿病等代谢问题、心血管疾病和骨质疏松症。此外，长期使用超生理剂量的糖皮质激素(GC)治疗可能会产生心理和认知影响，例如情绪和记忆力的变化。肾上腺雄激素过量与儿科患者的骨骼生长发育异常、女性健康问题（如痤疮、毛发过度生长和月经不调）、男性睾丸残留肿瘤以及两性的生育问题有关。 醋酸氟氢可的松：国产原研先后获批 CAH已被列入中国《第一批罕见病目录》，一旦确诊需终生肾上腺皮质激素替代治疗，一般包括糖皮质激素和盐皮质激素。其中，氟氢可的松是目前唯一的盐皮质激素制剂，它能抑制结缔组织的增生，降低毛细血管和细胞膜的通透性，减少炎性渗出，抑制组胺及其他炎症介质的形成和释放。此外，联合氟氢可的松有利于减少氢化可的松的用量，减少药物副作用风险。 2024年最新发布的中国CAH患者调研报告显示，此类患者家庭之前主要通过海外代购等方式获取原研醋酸氟氢可的松片，患者出现短期、长期盐皮质激素断药情况时有发生，部分患者曾因未服用醋酸氟氢可的松片而发生电解质紊乱，国内临床亟需上市并保证国内市场稳定供应醋酸氟氢可的松片。 醋酸氟氢可的松片最早于1954年在加拿大上市，目前已在全球超30个国家和地区批准上市。然而，由于罕见病患者数量较少，药物价格较低，药企利润空间不足，醋酸氟氢可的松一直未能进入中国市场。 直到2023年8月，未来医药与江苏福锌雨医药合作研发的国产醋酸氟氢可的松片获批上市，填补了国内用药空白。 另外，今年5月，爱施健的原研药醋酸氟氢可的松片（赋能定®/Florinef®）进口上市申请也获得中国国家药品监督管理局（NMPA）批准，正式登陆中国，用于治疗失盐型先天性肾上腺皮质增生症（CAH）和失盐型原发性慢性肾上腺皮质功能减退症（Addison病）。 目前，原研与国产醋酸氟氢可的松片都可及，彻底解决了CAH症患者购药难和终身治疗的问题，为患者家庭带来福音。 参考来源：        1、Betterle C, Presotto F, Furmaniak J. Epidemiology, pathogenesis, and diagnosis of Addison’s disease in adults. J Endocrinol Invest. 2019 Dec;42(12):1407–        2、Coursin DB, Wood KE. Corticosteroid Supplementation for Adrenal Insufficiency. JAMA 2002; 287 (2): 236-240       3、Bornstein SR, Allolio B, Arlt W, Barthel A, Don-Wauchope A, Hammer GD, et al. Diagnosis and Treatment of Primary Adrenal Insufficiency: An Endocrine Society Clinical Practice Guideline. J Clin Endocrinol Metab. 2016 Feb;101(2):364–89 END 【智药研习社抗体系列直播预告】 来源：CPHI制药在线 声明：本文仅代表作者观点，并不代表制药在线立场。本网站内容仅出于传递更多信息之目的。如需转载，请务必注明文章来源和作者。 投稿邮箱：Kelly.Xiao@imsinoexpo.com ▼更多制药资讯，请关注CPHI制药在线▼ 点击阅读原文，进入智药研习社~