Lyell Immunopharma’s recently acquired CAR-T doesn’t appear to impress Wall Street.
The company
said
Tuesday that its dual-targeting CD19/CD20 CAR-T called LYL314 induced 22 responses in a cohort of 25 patients with large B cell lymphoma, for an overall response rate of 88%. Eighteen, or 72%, of the 25 patients achieved a complete response in the Phase 1/2 trial.
But investors weren’t convinced. The company’s stock price
$LYEL
fell about 8% on Tuesday. And in an investor call Tuesday morning, analysts questioned executives on why they’re only pursuing patients who have not previously received CAR-Ts, since Lyell is positioning LYL314 as a better option than other CD19 CAR-T therapies like Gilead’s Yescarta, Bristol Myers Squibb’s Breyanzi and Novartis’ Kymriah.
The therapy, previously known as IMPT-314, was acquired by Lyell last year in its $30 million upfront buyout of ImmPACT Bio.
Lyell CEO Lynn Seely believes the goal of the program is to build on existing complete response rates and improve durability of treatments. “It makes more sense to treat more patients sooner with the best therapy,” she said on the call.
The data come from an ongoing study of LYL314, looking at patients with large B cell lymphoma in the third- or later-line setting. Patients had a median follow-up of nine months.
Lyell is banking on this therapy after most of its other programs have sputtered. In conjunction with last year’s ImmPACT acquisition, the company halted development of almost all pipeline programs, including its former lead therapy LYL797, a ROR1-targeting CAR-T.
There were no reports of a severe side effect called cytokine release syndrome (CRS) among all 51 patients treated across all cohorts. CRS is a response that occurs when immune cells go into overdrive and cause excess inflammation.
The company intends to advance LYL314 in this setting and has launched the PiNACLE trial, aiming to enroll 120 patients. Lyell is also moving forward in the second-line setting, with a pivotal trial set to launch by the beginning of next year.
In an initial slice of 11 second-line patients, Lyell said it saw 10 patients respond, and six achieve a complete response.