- Wave Life Sciences Ltd (NASDAQ:WVE) announced an update from the initial cohort of the Phase 1b/2a proof-of-concept study of WVE-N531 in three boys with Duchenne muscular dystrophy (DMD) amenable to exon 53 skipping.
- High muscle concentrations of WVE-N531 and exon skipping were observed six weeks after initiating biweekly multi-dosing at 10 mg/kg, achieving proof-of-concept in the study.
- Related: Wave Life Sciences Shares Move Higher On Therapeutic Pact With GSK Targeting Genetic Disorders.
- WVE-N531 also appeared safe and well-tolerated.
- WVE-N531 resulted in a mean tissue concentration of 42 micrograms/gram (6.1 micromolar).
- Plasma concentrations and other pharmacokinetic parameters following a single dose of 10 mg/kg demonstrated a half-life of 25 days, which may support monthly dosing.
- Adverse events were mild. There were no serious adverse events, no trends in labs, and no oligonucleotide class-related safety events.
- Price Action: WVE shares are down 3.47% at $5.01 on the last check Monday.
California Resources Q2 EPS $0.94, Sales $304.00M Beat $285.10M Estimate
California Resources (NYSE:CRC) reported quarterly earnings of $0.94 per share. The company reported quarterly sales of $304.00 million which beat the analyst consensus estimate of $285.10 million by 6.63 percent.
