Kodiak's Eye Disease Candidate At Par With Regeneron's Eylea In Visual Acuity Gains

  • Kodiak Sciences Inc's KOD BEACON Phase 3 study of tarcocimab tedromer met the primary endpoint of non-inferior change from baseline in visual acuity in macular edema due to retinal vein occlusion (RVO). 
  • Tarcocimab also demonstrated robust anatomic responses and a favorable safety profile. 
  • After two initial monthly loading doses, tarcocimab was dosed every two months compared to consistent monthly dosing for Regeneron Pharmaceuticals Inc's REGN Eylea (aflibercept).
  • The non-inferiority margin for the comparison to aflibercept at week 24 was established at 4.5 eye chart letters.
  • Tarcocimab tedromer was safe and well tolerated in the study, with no new safety signals identified. A low rate of intraocular inflammation was observed in both groups (1.4% vs. 0.4% for tarcocimab and aflibercept, respectively), with no vasculitis or retinal arterial occlusion events reported in any patient.
  • Full primary results from the BEACON study are expected to be presented by BEACON Study Investigators at upcoming ophthalmology congresses in September 2022.
  • Price Action: KOD shares are up 30.38% at $12.60 during the premarket session on the last check Monday.
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