Positive Phase 2b Study Results for Enobosarm
The Phase 2b quality clinical study demonstrated that enobosarm combined with GLP-1 receptor agonists resulted in a 71% preservation of total lean body mass in patients, with a p-value of 0.002. The enobosarm 3 mg dose showed a 99% mean relative reduction in loss of lean mass, with a p-value of less than 0.001.
Improved Body Composition and Physical Function
Enobosarm treatment resulted in a 46% greater relative loss of fat mass compared to placebo plus semaglutide over 15 weeks, with a p-value of 0.014. There was also a significant reduction in the proportion of patients experiencing a decline in physical function, with a 62.4% relative reduction in the enobosarm 3 mg group, compared to placebo.
Financial Improvement
Net loss from continuing operations decreased from $8.7 million to $7.9 million compared to the prior year's quarter. Additionally, the sale of the FC2 female condom business generated net proceeds of approximately $16.3 million.
Regulatory and Clinical Catalysts
Upcoming catalysts include results of unblinded safety data for Phase 2b, efficacy and safety results for the Phase 2b extension study, and expected regulatory clarity from an end-of-Phase 2 FDA meeting in Q3 2025.