F2G plans to resubmit its antifungal to the FDA after collecting Phase 3 data this coming June, CEO Francesco Maria Lavino told
Endpoints News
.
The biotech’s oral candidate, called olorofim, was
spurned by the FDA
in 2023 for use in invasive fungal infections. At the time of a
$100 million Series H
in September 2024, Lavino said the biotech aimed to resubmit after collecting more Phase 2b data on the drug.
Now, F2G will wait about six to eight months longer than initially planned to resubmit for approval, so it can include the Phase 3 data, the executive said.
“The FDA encouraged us to look for a better historical control,” Lavino told Endpoints on Friday. “We tried, but the reality is that in the meantime, the Phase 3 started enrolling well, so we decided to really focus on a Phase 3 approach, especially because this is far more de-risked and because of the 12 years of regulatory exclusivity.”
The
Phase 2b
open-label data were
published
in
The Lancet Infectious Diseases
in June 2025. The company last year completed enrollment in the
Phase 3
, which is comparing olorofim to AmBisome in patients with invasive fungal disease caused by invasive aspergillosis.
“We didn’t want to run the risk to submit another NDA and then get the FDA saying, ‘Well, now you have completed your Phase 3, why don’t you send me the Phase 3?'” Lavino said.
F2G aims to resubmit by December and get approval in the US around June 2027, versus an initial target of October or November 2026 had it resubmitted based on the Phase 2b trial, Lavino said. The biotech will then plan to launch the drug itself in July 2027.
If F2G is successful, it would mark a major milestone. The foundation for the Manchester, UK-based biotech was laid in 1998. The biotech currently has about 50 employees across Manchester, Vienna and Princeton, NJ, Lavino said.
Shionogi has the European and Asia-Pacific rights, and F2G will help support its Japanese pharma partner in submitting to the European Medicines Agency by the end of this year, Lavino said. F2G will also look to secure partners in Latin America, Canada, Africa, the Middle East and elsewhere.
Lavino said F2G has the capital to get olorofim onto the market in the US and expand into coccidioidomycosis, commonly referred to as valley fever.
In the second half of this year, the biotech will start a Phase 2 trial in valley fever. That trial will validate the endpoint, Lavino said, and a Phase 3 would likely then be conducted to get approval. In September, the FDA issued
draft guidance
on developing drugs for the condition.
The company will likely look to raise more money toward the end of this year to further bolster the commercial launch and broaden F2G’s portfolio with additional assets it could in-license, Lavino said.
The biotech added $8 million to its Series H last year with the support of SymBiosis. Its other backers include AMR Action Fund, ICG, Novo Holdings, Advent Life Sciences, Sofinnova Partners, Forbion and others.
The company drew investor interest at last week’s JP Morgan Healthcare Conference, Lavino said, with “a number of very interesting meetings.”
F2G will one day be a public company, he said, adding that the biotech was ready to IPO as far back as 2022, with a banking syndicate in place and F-1 paperwork submitted to the SEC.
Going forward, “the best time for taking F2G public is probably after launch, after a few quarters of sales,” Lavino said. “But if the market opens, and there is an opportunity, we will be ready to take advantage of that.”
F2G is positioning olorofim as a rare disease play rather than a broad or more general anti-infective.
“We are really focusing on infection that had limited or, in many cases, no option,” Lavino told Endpoints in 2024. “That’s a very different value proposition than a more general anti-infective or antibiotic, where you are dealing with a lot of generics.”