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Intellia (NTLA) Reports Positive Results for CRISPR Candidates

Intellia Therapeutics NTLA and its partner Regeneron Pharmaceuticals REGN recently announced positive interim results from an ongoing phase I study of its lead candidate NTLA-2001. The candidate is being developed as a single-dose treatment for transthyretin (ATTR) amyloidosis.

The interim data include results from 12 ATTR amyloidosis adult patients with cardiomyopathy (ATTR-CM) and class I-III heart failure, who were administered NTLA-2001 in single doses of 0.7 mg/kg and 1.0 mg/kg intravenously. The change in serum transthyretin (TTR) protein concentration from baseline was measured for each patient.

Data from the cardiomyopathy arm of the phase I study exhibited mean serum TTR reduction of 93% for the 0.7mg/kg cohort by day 28 of the study and a mean reduction of 92% for the 1.0mg/kg cohort.

NTLA-2001 was overall well-tolerated in the subjects at both dose levels.

Two patients out of the 12 enrolled reported transient infusion reactions, which was the only observed treatment-related side effect. Clinically significant liver findings were not observed at any of the dose cohorts of the phase I study.

NTLA-2001 is a CRISPR/Cas9-based therapy candidate being developed by Intellia and Regeneron for treating patients with either ATTR-CM or hereditary ATTR amyloidosis with polyneuropathy (ATTRv-PN).

Per the management, a protocol amendment has been submitted to finalize the selection of a fixed dose at or near the dose equivalent of 0.7mg/kg for the dose-expansion portion of the study. Once the dose is finalized, NTLA-2001 will be evaluated at the fixed dose across both arms of the study. The enrollment across both arms is expected to be completed by the end of 2022.

Shares of Intellia have declined 44.4% in the year-to-date period compared with the industry’s fall of 22.4%.

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In a separate press release, Intellia announced top-line positive interim data from its ongoing phase I/II study evaluating its second in vivo genome editing candidate NTLA-2002 to treat hereditary angioedema (“HAE”). HAE is a condition in which the KLKB1 gene in hepatic cells produces kallikrein protein that causes dangerous swelling throughout the body.

 

NTLA-2002 was tested in six adult HAE patients in the ongoing dose-escalation study in single doses of 25mg and 75mg. The changes in plasma kallikrein protein’s value from the baseline were measured for each patient.

NTLA-2002 achieved mean reductions of 65% and 92% in plasma kallikrein in the dose cohorts of 25mg and 75mg, respectively. The reductions were sustained for at least 16 weeks in the 25 mg cohort and eight weeks in the 75 mg cohort.

NTLA-2002 was also well tolerated at both dose cohorts.

Intellia Therapeutics, Inc. Price

 

Intellia Therapeutics, Inc. Price
Intellia Therapeutics, Inc. Price

Intellia Therapeutics, Inc. price | Intellia Therapeutics, Inc. Quote

 

Zacks Rank and Stocks to Consider

Intellia currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Sesen Bio SESN, carrying a Zacks Rank #1 (Strong Buy) and Aridis Pharmaceuticals ARDS, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Sesen Bio’s loss per share estimates for 2022 widened from 31 cents to 43 cents in the past 30 days. The same for 2023 has narrowed from 10 cents to a cent in the same time frame.

Earnings of Sesen Bio missed estimates in all of the trailing four quarters. The average negative earnings surprise for SESN is 89.49%.

Aridis Pharmaceuticals' loss estimates for 2022 have narrowed to 23 cents from a loss of 30 centys in the past 30 days. The loss estimates for 2023 also narrowed down from 58 cents per share to 53 cents per share in the same time frame.

ARDS surpassed earnings in three of the trailing four quarters, missing the same in one. The average negative earnings surprise for Aridis is 238.54%.


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