Kallyope has canned one of its investigational migraine medicines,
Endpoints News
has learned.
The New York City-based biotech terminated a Phase 2a trial of its experimental migraine drug, dubbed K-645, according to an
update
to the US federal trials database this week.
Kallyope discontinued development of K-645 to “focus our resources on advancing other clinical candidates with the potential to alter the treatment landscape, including elismetrep and our growing metabolic portfolio,” a company spokesperson wrote in an emailed statement to
Endpoints News
on Tuesday evening.
Elismetrep is Kallyope’s other clinical-stage migraine medicine. The drug completed a
Phase 2b
in patients with moderate or severe migraine in August.
The culling of K-645 marks the second mid-stage setback for Kallyope’s pipeline this year. The company reported
underwhelming results
for its experimental obesity pill in February.
The migraine study was “stopped for futility based on an interim analysis of efficacy,” meaning the drug did not reach certain clinical expectations, according to the trial update.
The primary goal of the trial was “pain freedom” two hours after receiving the drug. Secondary measurements included pain relief, light sensitivity and absence of nausea, among others. The study enrolled 134 patients, slightly more than its original aim of 120, across more than a dozen sites in the US.
Kallyope has not yet released Phase 2b data from the 431-person study of elismetrep, which also goes by the codename K-304. The experimental pill was previously developed by Mitsubishi Tanabe Pharma, the centuries-old Japanese drugmaker now owned by Bain Capital. Tanabe previously tested elismetrep, a
TRPM8 inhibitor
, in a
Phase 2
involving patients with painful diabetic peripheral neuropathy.
The length of Kallyope’s runway, or how long it can continue developing elismetrep and a suite of preclinical projects, is unclear. The biotech last disclosed a $236 million Series D in February 2022. At the time,
CEO Jay Galeota told Endpoints
that the funding would keep Kallyope’s lights on for about three years. The biotech then reportedly eyed an IPO,
Bloomberg News
reported
in January 2024.
Kallyope’s
gut-brain axis mission
has been funded by well-known investors such as Mubadala Investment Company, The Column Group, Bill Gates, Lux Capital, Polaris Partners and others. Its board chair is former Roche CEO Franz Humer.
In recent years, Kallyope has remained relatively quiet. The startup’s only public update since the beginning of 2024 was an
announcement
that Novo Nordisk licensed a ligand for further development in a potential obesity treatment.