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28-Aug-2019

Ascletis Received IND Approval for its NASH Drug

HANGZHOU, China and SHAOXING, China, Aug. 28, 2019 /PRNewswire/ -- Ascletis Pharma Inc. (1672.HK), an innovative R&D driven, commercial-stage biotechnology company addressing unmet medical needs in therapeutic areas including anti-viral, cancer and fatty liver diseases, announces today that together with Sagimet Biosciences (formerly 3-V Biosciences, Inc), it received, through its subsidiary, IND approval from National Medical Products Administration (NMPA) for its non-alcoholic steatohepatitis (NASH) drug candidate ASC40 (Sagimet Biosciences code: TVB-2640).

ASC40 (TVB-2640), an orally bioavailable, first-in-class inhibitor of fatty acid synthase (FASN), is currently in a global Phase 2 trial in NASH of which the first patient was dosed in late April, 2019 in the USA.

In this randomized, placebo-controlled global Phase 2 trial, investigators are evaluating the impact of ASC40 (TVB-2640) in about 90 NASH patients in the United States and about 25-30 NASH patients in China. Study participants will have at least 8% liver fat at baseline, as measured by magnetic resonance imaging-estimated proton density fat fraction (MRI-PDFF), and evidence of stage F1 to F3 fibrosis. The primary endpoint is the impact of ASC40 (TVB-2640) on liver fat reduction, compared to baseline, following 12 weeks of daily, continuous dosing. Investigators will also evaluate ASC40 (TVB-2640)'s impact on levels of plasma triglycerides, liver enzymes, inflammatory and fibrotic biomarkers.

"We are excited by IND approval of ASC40 (TVB-2640) from NMPA for the global multi-center trial," said Jinzi J. Wu, PhD, Founder, Chairman and CEO of Ascletis, "Sagimet and Ascletis teams are working hand-in-hand to accelerate the advancement of ASC40 (TVB-2640) on a global scale."

About Ascletis

Ascletis is an innovative R&D driven biotech with two commercial products and listed on Hong Kong Stock Exchange (Ascletis, 1672.HK). Ascletis' mission is to address unmet medical needs in three therapeutic areas: viral, cancer and fatty liver diseases. Led by a management team with deep expertise and a proven track record, Ascletis has developed a fully integrated platform covering the entire value chain from discovery and development to manufacturing and commercialization. Ascletis is now commercializing two drugs, Ganovo┬« (Danoprevir), the first direct-acting anti-viral agent for hepatitis C developed domestically for China, and Pegasys┬« (Peginterferon alfa-2a), a well-established pegylated interferon for hepatitis B&C partnered with Roche. Ascletis' R&D pipeline consists of antibody-based immunotherapy, first/best-in-class small molecules and siRNA at various clinical development stages. For more information, please visit www.ascletis.com.

SOURCE Ascletis Pharma Inc.

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Last Updated: 28-Aug-2019