The combination of an experimental BioAge Labs drug with the approved Eli Lilly obesity medication Zepbound has hit a major setback: a safety signal observed in some clinical trial participants that has led the biotech to stop the closely watched mid-stage study.
The worrisome signal is elevated liver enzymes, BioAge disclosed after Friday’s market close. For BioAge’s drug, azelaprag, or for any medication, higher levels of such enzymes are a potential sign of drug toxicity. The company said it will stop dosing all participants with the experimental drug and no additional subjects will be enrolled in the Phase 2 study. BioAge added that it has notified all clinical trial investigators as well as regulatory authorities.
The disappointing clinical trial development comes less than three months after BioAge raised more than $200 million in an IPO buoyed by azelaprag’s potential to improve weight loss while also preserving muscle mass. One of the known issues with Zepbound and other obesity medications in its drug class is that the weight patients lose includes muscle as well as fat.
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Preserving muscle mass is a key goal for companies developing the next wave of obesity drugs. Companies developing such drugs, either as part of combination treatments or as monotherapies, include Scholar Rock, Rivus Pharmaceuticals, and Skye Bioscience. Strong investor interest in BioAge’s approach enabled the biotech to upsize its IPO with shares priced at $18 apiece. After closing Friday at $20.09, BioAge’s stock price crashed to about $6.60 per share in after-hours trading.
Azelaprag is a small molecule designed to bind and activate the apelin receptor, which regulates muscle metabolism, growth, and repair. BioAge initially tested the drug for preserving muscle mass in elderly patients, posting results showing the prevention of muscle atrophy. The small Phase 1b test also showed no safety signals. BioAge shifted the drug’s focus to obesity after encouraging preclinical tests of the molecule dosed in combination with Lilly’s Zepbound showed greater weight loss than Zepbound alone. Furthermore, the study showed improvement in body composition and muscle function. Those results led to a collaboration with Lilly.
The Phase 2 clinical trial, named STRIDES, had a targeted enrollment of 220 participants age 55 and older. It was designed with four patient groups. Two cohorts were testing daily oral doses of azelaprag and weekly dosing of Zepbound, each as a monotherapy. Two additional groups are testing the drugs in combination, one arm testing azelaprag once daily and the other testing azelaprag twice daily.
BioAge said the elevated liver enzymes levels were observed in 11 of the 204 patients enrolled so far. The participants who had these higher liver enzymes received azelaprag, but the company did not specify the cohorts in which these signals occurred. BioAge did note that no such signals were observed in the Zepbound-only group. In those who showed higher levels of liver enzymes, BioAge said there were no clinically significant symptoms. Follow up of the already enrolled participants will continue off of the study drug, and the company plans to analyze clinical data from all subjects. BioAge expects to have an update for azelaprag in the first quarter of 2025.
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“We made the difficult decision to discontinue the STRIDES Phase 2 study of azelaprag because it became clear that the emerging safety profile of the current doses tested is not consistent with our goal of a best-in-class oral obesity therapy,” BioAge CEO Kristen Fortney said in a prepared statement. “While this outcome is a significant disappointment, we remain encouraged by azelaprag’s promising preclinical and Ph1b efficacy profile.”
If the safety signal leads BioAge to abandon azelaprag, company and investor focus will turn to a brain-penetrating small molecule inhibitor of NLRP3, a protein complex associated with neuroinflammation. Unlike azelaprag, which was licensed from Amgen, BioAge discovered its NLRP3-blocking molecule internally using its platform technology for analyzing human longevity data. Fortney said that as BioAge assesses next steps for azelaprag, the company will continue to advance the NLRP3 program as well as additional programs stemming from its technology platform. In its financial reports, BioAge has said it expects to submit an investigational new drug application for the NLRP3 drug in the second half of 2025, potentially laying the groundwork to begin clinical testing in 2026.