Pacira BioSciences reports positive data on gene therapy PCRX-201 for knee osteoarthritis, showing sustained pain relief for 104 weeks.
Quiver AI Summary
Pacira BioSciences, Inc. recently revealed promising data regarding its gene therapy candidate for osteoarthritis, PCRX-201, which showed sustained improvements in knee pain, stiffness, and function for up to 104 weeks after a single injection. This data, presented at the American College of Rheumatology's ACR Convergence meeting, emerged from a phase 1 trial with 72 patients, demonstrating that PCRX-201 effectively reduced pain and improved joint function while maintaining a favorable safety profile. Lead investigator Dr. Stanley Cohen highlighted that participants experienced significant pain relief lasting over two years, surpassing the typical effects of current pain management options. Pacira plans to advance PCRX-201 into a phase 2 study in 2025, building on its RMAT designation from the FDA, which facilitates expedited development for innovative therapies. PCRX-201 targets the root cause of osteoarthritis knee pain by reducing inflammation through the localized delivery of the anti-inflammatory protein interleukin-1 receptor antagonist.
Potential Positives
- Pacira BioSciences has presented new data showing that its gene therapy candidate PCRX-201 provides sustained improvements in knee pain, stiffness, and function for up to 104 weeks after a single local administration, indicating potential long-term efficacy.
- The therapy has a well-tolerated safety profile, with no serious treatment-emergent adverse events related to the treatment reported in the study.
- PCRX-201 received both Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA and Advanced Therapy Medicinal Products (ATMP) designation from the European Medicines Agency, enhancing its development prospects and potential for expedited regulatory review.
- The company plans to advance clinical investigation with a Phase 2 study scheduled for 2025, signaling confidence in the therapy's potential in the growing osteoarthritis treatment market.
Potential Negatives
- The reported improvements in knee pain and function are based on data from a phase 1 trial, which typically involves a small number of participants and may not reflect efficacy in larger populations.
- The trial was open-label, potentially introducing bias, as both participants and researchers knew the treatment being administered.
- While no serious treatment-emergent adverse events were reported, the presence of joint effusions as the most common adverse event (occurring in 36%-61% of patients) raises concerns about the safety profile of the therapy.
FAQ
What is PCRX-201?
PCRX-201 is a gene therapy candidate for osteoarthritis designed to reduce inflammation and pain in the knee joint.
How long do pain relief effects last with PCRX-201?
Clinical data show sustained pain relief for at least 104 weeks following a single injection of PCRX-201.
What were the study findings for PCRX-201?
The Phase 1 study indicated significant improvements in knee pain, stiffness, and function among participants over two years.
Is PCRX-201 safe for patients?
PCRX-201 demonstrated a well-tolerated safety profile with no serious treatment-emergent adverse events reported in the study.
When will further studies for PCRX-201 take place?
A Phase 2, double-blind study of PCRX-201 is planned for 2025 to continue clinical investigations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PCRX Insider Trading Activity
$PCRX insiders have traded $PCRX stock on the open market 14 times in the past 6 months. Of those trades, 6 have been purchases and 8 have been sales.
Here's a breakdown of recent trading of $PCRX stock by insiders over the last 6 months:
- DARYL GAUGLER (Chief Operating Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 1,500 shares.
- MARCELO BIGAL has traded it 2 times. They made 2 purchases, buying 4,912 shares and 0 sales.
- LAURA BREGE purchased 1,000 shares.
- MICHAEL J. YANG purchased 2,000 shares.
- FRANK D. LEE (Chief Executive Officer) purchased 8,264 shares.
- MARK FROIMSON purchased 1,400 shares.
- JONATHAN SLONIN (Chief Medical Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 8,793 shares.
- PAUL J HASTINGS sold 880 shares.
- KRISTEN WILLIAMS (Chief Administrative Officer) sold 7,452 shares.
- LAUREN RIKER (Senior Vice President, Finance) sold 3,970 shares.
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$PCRX Hedge Fund Activity
We have seen 123 institutional investors add shares of $PCRX stock to their portfolio, and 176 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. added 2,799,434 shares (+129.4%) to their portfolio in Q3 2024
- STEPHENS INVESTMENT MANAGEMENT GROUP LLC removed 1,371,561 shares (-100.0%) from their portfolio in Q3 2024
- CLEARBRIDGE INVESTMENTS, LLC removed 1,172,150 shares (-100.0%) from their portfolio in Q2 2024
- BAILLIE GIFFORD & CO removed 806,097 shares (-100.0%) from their portfolio in Q3 2024
- RICE HALL JAMES & ASSOCIATES, LLC removed 730,288 shares (-73.1%) from their portfolio in Q3 2024
- SCHRODER INVESTMENT MANAGEMENT GROUP removed 616,832 shares (-100.0%) from their portfolio in Q3 2024
- ABRDN PLC removed 609,351 shares (-100.0%) from their portfolio in Q3 2024
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