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Sionna scraps genetic disorder drug program after trial setback; shares tank

Sionna scraps genetic disorder drug program after trial setback; shares tank

- Sionna Therapeutics SION.O said on Monday it would stop developing its experimental drug as an addition to standard treatment for a type of genetic disorder after it failed to show a meaningful benefit in a mid-stage trial.

Shares of the company fell nearly 92% in premarket trading.

  • The drug, SION-719, was being tested as an addition to Vertex Pharmaceuticals' VRTX.O Trikafta in 15 adults with cystic fibrosis, a genetic disease that causes thick mucus to build up in the lungs and can lead to breathing problems and repeated infections.

  • SION-719 failed to significantly lower chloride levels in patients' sweat, an important measure of whether a cystic-fibrosis treatment is working.

  • Sionna said variations in patients' test results and differences in their Trikafta levels may have influenced the trial's outcome.

  • "We are disappointed in the unexpected results," CEO Mike Cloonan said, adding that the company is reviewing the data before deciding its next steps.

  • The drug was generally well tolerated during the 14-day study, with most side effects being mild to moderate and no serious side effects reported.

  • Sionna is separately developing a two-drug treatment for cystic fibrosis combining SION-451 with SION-2222. An early-stage study in healthy volunteers met its safety and drug-exposure goals, but the company is reviewing its next steps for the program.


(Reporting by Kunal Das in Bengaluru; Editing by Mrigank Dhaniwala)

((Kunal.Das2@thomsonreuters.com;))

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