Exhibit 99.1
Inotek AnnouncesTop-line Results forMATrX-1, First Phase 3 Trial ofTrabodenosonfor Glaucoma
- Trial Did Not Achieve Superiority to Placebo at All 12 Time Points-
- Diurnal IOP Reduction of 4.25mmHg at Three Months with Trabodenoson 6%Once-a-day Dose, Statistically Superior to Placebo -
- Safety and Tolerability Similar to Placebo-
- Conference Call Scheduled for 8:30am EST Today -
Lexington, MA—January 3, 2017—Inotek Pharmaceuticals Corporation (NASDAQ: ITEK), a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of therapies for ocular diseases, today announcedtop-line results ofMATrX-1, the first pivotal Phase 3 trial oftrabodenoson for the treatment of primary open-angle glaucoma (POAG) or ocular hypertension (OHT). The trial did not achieve its primary endpoint of superiority in reduction of intraocular pressure (IOP) compared with placebo at all 12 time points. This was, in part, due to a placebo response that was2-3 mmHg greater than that observed in Phase 2.Trabodenoson, the Company’s lead clinical candidate, is afirst-in-class, highly selective adenosine mimetic targeting the A1 subreceptor.Trabodenosonlowers IOP by augmenting the eye’s natural function of the trabecular meshwork, the primary outflow pathway for aqueous humor and a site of pathology in glaucoma.
“We are disappointed that the primary endpoint of superiority at all 12 time points was not achieved,” commented David P. Southwell, President and Chief Executive Officer of Inotek. “This result was driven primarily by the unexpectedly stronger placebo response at the 8AM time point. However,MATrX-1 did achieve several clinically meaningful secondary endpoints- the 6% dose was significant versus placebo in the daily IOP change from diurnal baseline at all days tested. Additionally, an analysis of responders (subjects with IOP reduction of 5mmHg or greater from baseline) indicated a statistically higher proportion of responders in the 6%trabodenoson group than the placebo group at all visits. The safety, tolerability and low discontinuation rate inMATrX-1 continues to suggest thattrabodenoson is an active molecule with a unique safety profile. Later this quarter, we expect to receive additional data beyond thetop-line results reported today. Once we have the additional data, we will determine next steps in thetrabodenosonmonotherapy program.”
The primary endpoint of theMATrX-1 trial was the IOP reduction oftrabodenosoncompared to that of placebo on Days 28, 42 and 84 and at four time points during each of these days: 8AM, 10AM, 12PM, and 4PM. The 8AM time point did not achieve
statistical separation with any trabodenosondose. This was primarily due to an unexpectedly high placebo response compared to that observed in Phase 2, as well as a published meta-analysis by Raber et al1.
The 6%/2000 mcg QD dose oftrabodenoson was statistically superior to placebo at Days 84, 42, 14 and marginally superior at Day 28. The daily IOP reduction from diurnal baseline at three months for this dose was 4.25 mmHg compared to 2.38 mmHg for placebo, and 5.29 mmHg for the timolol 0.5% twice daily control arm. The normal response observed with the timolol control arm supports that the trial was properly conducted.
There were no significant safety or tolerability events reported. The safety profile oftrabodenoson was comparable to placebo. Notably, there was minimal drug related hyperemia. Only 4 subjects (2.2%) discontinued the trial due to a treatment-related adverse event.
“The results of theMATrX-1 trial demonstrate thattrabodenoson, operating through a novel mechanism of action, actively lowers IOP with a tolerability profile that, remarkably, was similar to that observed in the placebo arm,” commented Rudolf Baumgartner, MD, Executive Vice President and Chief Medical Officer of Inotek.
Southwell commented, “Looking ahead, 2017 is an important year for thetrabodenoson development program. We will wait for the full results fromMATrX-1 to better understand the behavior of the placebo arm. We look forward to the results of the FDC Phase 2 trial, which is substantially enrolled and for which we expect to reporttop-line datamid-year.”
MATrX-1 Phase 3 Trial Design
MATrX-1 was a Phase 3 randomized, double-masked, placebo-controlled trial oftrabodenoson in 303 subjects diagnosed with POAG or OHT.MATrX-1 assessed the efficacy, safety and tolerability oftrabodenoson over three months of treatment. The primary endpoint was reduction of IOP as compared to the placebo treatment arm. In addition, the study contained a timolol 0.5% arm to validate the sensitivity of the patient population and serve as an internal control. IOP was measured at four time points during the day: 8AM, 10AM, 12PM, and 4PM on days 14, 28, 42 and 84. Three doses oftrabodenoson ophthalmic suspension were administered: 3%/1000 mcg once daily, 4.5%/1500 mcg twice daily, and 6%/2000 mcg once daily. The trial enrolled patients with a diagnosis of POAG or OHT and an IOP greater than or equal to 24 mmHg and less than or equal to 34 mmHg.
Conference Call Information
Inotek will host a conference call and webcast today, January 3, 2017, at 8:30am EST to discuss thetop-line results from theMATrX-1 Phase 3 trial. To participate in the
conference call, please dial (844)358-9183 in the U.S. or (478)219-0400 outside of the U.S. five minutes prior to the start of the call and provide the Conference ID: 46680576, or access the listen-only webcast by visiting the Company’s websitewww.inotekpharma.com.
An archive of today’s conference call will be available shortly after the conclusion of the call and accessed by dialing (855)859-2056 in the U.S. or (404)537-3406 outside of the U.S. and referencing the Conference ID: 46680576, or by visiting Inotek’s website. The audio replay will be available for two weeks following the call and the webcast for thirty days.
About Inotek Pharmaceuticals Corporation
Inotek Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of therapies for glaucoma and other eye diseases. The Company’s lead product candidate,trabodenoson, is afirst-in-class selective adenosine mimetic currently in Phase 3 development. Trabodenoson was developed in Inotek’s laboratories and is designed to restore the eye’s natural pressure control mechanism. Additionally, the Company is evaluating the potential for selective adenosine mimetics to address optic neuropathies and other degenerative retinal diseases. For more information, please visitwww.inotekpharma.com. The inclusion of our website address here and elsewhere in this press release does not include or incorporate by reference the information on our website into this press release.
Forward-Looking Statements
Various statements in this release concerning Inotek’s future expectations, plans and prospects, including without limitation, Inotek’s expectations regarding the use oftrabodenoson and its fixed-dose combination (FDC) program with latanoprost as treatments for POAG or OHT, Inotek’s expectations regarding reportingtop-line data of its Phase 2 trial for its FDC, Inotek’s expectations with respect to the timing and success of its clinical studies andpre-clinical studies fortrabodenoson, its FDC, orphan diseases, and the possibility of selective adenosine mimetics to address optic neuropathies and other degenerative retinal diseases, may constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward looking statements, which often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “will give,” “estimate,” “seek,” “will,” “may” “suggest” or similar terms, variations of such terms or the negative of those terms. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee such outcomes. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, Inotek’s ability to successfully demonstrate the efficacy and safety oftrabodenoson, its FDC program, itspre-clinical studies for orphan
diseases, or selective adenosine mimetics to address optic neuropathies and other degenerative retinal diseases, thepre-clinical and clinical results for its product candidates, which may not support further development and marketing approval, the potential advantages of Inotek’s product candidates, actions of regulatory agencies, which may affect the initiation, timing and progress ofpre-clinical studies and clinical trials of its product candidates, Inotek’s ability to obtain, maintain and protect its intellectual property, Inotek’s ability to enforce its patents against infringers and defend its patent portfolio against challenges from third parties, the timing, cost or other aspects of a potential commercial launch of Inotek’s product candidates and potential future sales of our current product candidates or any other potential products if any are approved for marketing, competition from others developing products for similar uses, Inotek’s ability to manage operating expenses, Inotek’s ability to obtain additional funding to support its business activities and establish and maintain strategic business alliances and new business initiatives, Inotek’s dependence on third parties for development, manufacture, marketing, sales and distribution of product candidates, the outcome of litigation, and unexpected expenditures, as well as those risks more fully discussed in the section entitled “Risk Factors” in Inotek’s most recent Quarterly Report on Form10-Q filed with the Securities and Exchange Commission, as well as discussions of potential risks, uncertainties, and other important factors in Inotek’s subsequent filings with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
1Raber S, Mandema JW, Li H, Nickens D. A Model-Based Dose-ResponseMeta-Analysis of Ocular Hypotensive Agents as a Drug Development Tool to Evaluate New Therapies in Glaucoma. JOculPharmacolTher.2015;31:189-97
Inotek Contact:
Claudine Prowse, PhD,781-552-4305
Vice President, Strategy and IRO
IR@inotekpharma.com
Investor & Media Contact:
MacDougall Biomedical Communications
Chris Erdman or Joe Rayne,781-235-3060
cerdman@macbiocom.com orjrayne@macbiocom.com
