A phase 2b trial in ulcerative colitis is scheduled to report data in 2025.
Eli Lilly has agreedulcerative colitisr $3.2 billion, giving the Big Pharma control of an oral, midphase challenger to Takeda’s injectable inflammatory bowel disease blockbuster Entyvio.
ElipLilly pipeline is led byMorphic57. The oral small molecule inhibits α4β7, an integrin expressed on some white bloodTakeda. Takeda showeinflammatory bowel diseasean control inEntyviol inflammation and improve outcomes in ulcerative colitis and Crohn’s disease. The data turned Entyvio into a big product for Takeda, but its injectable delivery format left the door open for more convenient oral challengers.
Morphicas come crashing throuMORF-057oor. Buying Morphic will give Lillyα4β7ership of an oral challenger to Entyvio that is in phase 2 development in ulcerintegrinlitis and Crointestinal inflammation-057 into phase 2 in 2022ulcerative colitisthan Crohn’s disease Gilead Sciences' Entyvioral α4β7 candidate. Lilly previously acquired a preclinical oral α4β7 program in its $2.4 billion takeover of Dice Therapeutics.
Ensho Therapeuticseutics scrapped its first oral α4β7 antagonisα4β7ptide after seeEisaihase 2b results iEA Pharmahe biotech regrouped behind a second-generation prosEntyviolaimed to be delighted by the phase 2 data and then promptly dropped the asset rather than start a planned pivotal trial.
Protagonist Therapeuticstially, reporting a cliniα4β7 antagonist peptide suggested MORF-057 may match the efficacy of Entyvio and sending investors into a buying frenzy. But the candidate's failure to trigger the expected level of endoscopic improvement sent Morphic’s stock back down when the biotech shared a fuller look at the data months later.
Morphica share, Lilly’s takeover values Morphic at around the price the stock commaMORF-057the wake of the release of Entyvioe phase 2a data in April 2023. Morphic’s share price never recovered from the publication of more data, allowing Lilly to offer an 87%Morphicm to the 30-day volume-weighted average trading price of Morphic's share price and still keep the buyout price down to $3.2 billion.
Evidence of whetLillyilly got a good deaMorphicd emerge in the first half of next year when a phase 2b trial in ulcerative colitis is scheduled to report daMorphicphic began its midphase Crohn’s trial in April and expects to reach primaryLillyletion in 2026.Morphic