HomeStock SectorsBioTechNo Accelerated FDA Approval...

No Accelerated FDA Approval For Edgewise’s Rare Muscular Disease Drug; Shares Fall – Edgewise Therapeutics (NASDAQ:EWTX)

Edgewise Therapeutics, Inc. EWTX, a biotechnology company focused on developing treatments for rare muscle disorders, recently unveiled promising results from its sevasemten program for Becker muscular dystrophy (BMD) and Duchenne muscular dystrophy (DMD).

Both are progressive genetic disorders characterized by muscle weakness and degeneration, with DMD typically being more severe and having an earlier onset than BMD.

On Thursday, the company announced data from MESA. This open-label extension trial provides continued access to sevasemten to participants with Becker who were previously enrolled in ARCH or completed CANYON, GRAND CANYON, or DUNE.

Also Read: Edgewise Therapeutics Sees Meaningful HCM Treatment Gains With EDG-7500 In Phase 2 Study

As of the March 2025 data cut, 99% of eligible participants (n=85) are enrolled in MESA. The MESA data demonstrated sustained disease stabilization.

CANYON participants who rolled over to MESA showed increased North Star Ambulatory Assessment (NSAA) scores over 18 months (0.8 point improvement from baseline), with a trend toward improvement in placebo participants switching to sevasemten (0.2 point improvement since initiation of sevasemten).

NSAA measures functional motor abilities in ambulant (who can walk) children with Duchenne. During the 18 months of sevasemten treatment, participants’ NSAA scores continued to diverge relative to the expected functional declines seen in multiple Becker natural history studies.

Further, NSAA scores for ARCH participants who rolled over to MESA remained stable after three years of treatment. Sevasemten demonstrates a favorable safety profile after up to three years of treatment. 

Edgewise recently completed a Type C meeting with the U.S. Food and Drug Administration (FDA).

While the FDA deemed the CANYON data insufficient for accelerated approval, the Agency reiterated that NSAA is a clinically meaningful endpoint for traditional approval.

Accelerated approval is an FDA pathway that allows for earlier approval of drugs for serious conditions that fill an unmet medical need, based on a surrogate endpoint (a measure that is reasonably likely to predict clinical benefit).

However, it requires confirmatory trials post-approval. Traditional approval, on the other hand, typically requires more extensive clinical trial data demonstrating direct clinical benefit.

GRAND CANYON is highly powered to show a statistically significant difference in NSAA versus placebo over 18 months and is on track for topline data in the fourth quarter of 2026. 

The company also announced topline data from its Phase 2 Duchenne trials, LYNX and FOX.

The goals were to explore a range of doses to assess safety and identify a potentially beneficial dose for Phase 3. Across both studies, sevasemten was well-tolerated at target doses.

LYNX is an ongoing Phase 2 trial to evaluate the effect of sevasemten on safety, biomarkers of muscle damage, and function in four- to nine-year-old participants with Duchenne treated with sevasemten.

The company identified a dose of 10 mg to evaluate in Phase 3. 

Similar to the LYNX design, FOX is an ongoing Phase 2 trial to evaluate the effect of sevasemten on safety, biomarkers of muscle damage, and function in six- to 14-year-old participants with Duchenne who have been previously treated with gene therapy.

The company plans to meet with the FDA in the fourth quarter of 2025 to discuss a Phase 3 design, including input on the patient population and endpoints, with plans to initiate the pivotal study in 2026.

Price Action: EWTX stock is down 11.6% at $12.68 at last check Thursday.

Read Next:

Photo via Shutterstock

Most Popular

More from Author

The Bull Market Is Alive and Well

The bull market is alive and well, even amid widespread talk...

Why Is Jasper Therapeutics Stock Falling On Monday? – Jasper Therapeutics (NASDAQ:JSPR)

Jasper Therapeutics, Inc. JSPR stock is experiencing a steep decline on...

Stocks Wobble as Trump Resurrects Tariff Threats Ahead of July 9 Deadline

Market participants were expecting an upbeat start to the week on...

CAD/JPY Ready to Continue Rising Ahead of Employment Change and Unemployment Rate

For three months since April, the currency has shown strength...

Read Now

The Bull Market Is Alive and Well

The bull market is alive and well, even amid widespread talk of the “death of U.S. exceptionalism.” Early 2025 saw a sharp shift in investor sentiment. Concerns over erratic trade policy, soaring debt, and weakening pressure challenged America’s long-standing market dominance. Markets fell sharply in April...

Why Is Jasper Therapeutics Stock Falling On Monday? – Jasper Therapeutics (NASDAQ:JSPR)

Jasper Therapeutics, Inc. JSPR stock is experiencing a steep decline on Monday, plummeting by nearly 55%. This significant drop is accompanied by an exceptionally high trading volume of 9.9 million shares, vastly exceeding its average daily volume of 251.9K, according to data from Benzinga Pro.What Happened?The company...

Stocks Wobble as Trump Resurrects Tariff Threats Ahead of July 9 Deadline

Market participants were expecting an upbeat start to the week on the hope that trade deals might finally be announced as the Trump administration deadline of July 9 approaches. However, President Trump adopted a confrontational stance once more by announcing that the US will begin issuing tariff...

CAD/JPY Ready to Continue Rising Ahead of Employment Change and Unemployment Rate

For three months since April, the currency has shown strength against the . although at the moment the price still cannot break the small resistance area on the H4 timeframe. but it is expected that the fundamental impulses can move the market more significantlyFigure 1. CAD/JPY...

What’s Going On With Hims & Hers Health Stock On Monday? – Hims & Hers Health (NYSE:HIMS)

Hims & Hers Health, Inc. HIMS is currently experiencing a decline in its stock price, trading lower on Monday. The company’s stock has plummeted approximately 18% over the past month, reflecting recent challenges.A significant development contributing to this decline occurred in June 2025, when Novo Nordisk A/S...

Why Is Cogent Biosciences Stock Trading Higher On Monday? – Cogent Biosciences (NASDAQ:COGT)

Cogent Biosciences, Inc.‘s COGT bezuclastinib showed meaningful clinical benefit for patients with non-advanced systemic mastocytosis, a rare and debilitating immune disorder. With statistically significant improvements across all endpoints—including symptom reduction and biomarkers of mast cell activity—the data support the company's plan to file for Food and Drug Administration...

3 Bullish Setups to Watch in July Amid Seasonal Tailwinds

As the second half of the year begins, several bullish setups are emerging—each supported by seasonal patterns and historical data. is approaching multi-year highs following a strong June, while technical signals in the broader market and semiconductor sector point to continued momentum. Meanwhile, recent policy developments may...

The Energy Report: Listen to What OPEC Says

prices are shaking off a larger-than-expected OPEC production increase as the precious metals get hit by a ton of bricks after President Trump posted about new tariffs on BRIC Nations on his Truth Social account. Yet despite the talk about OPEC wanting to maintain its market share,...

Why Is KalVista Pharmaceuticals Stock Soaring On Monday? – KalVista Pharma (NASDAQ:KALV)

The U.S. Food and Drug Administration (FDA) on Monday approved KalVista Pharmaceuticals Inc.’s KALV Ekterly (sebetralstat) for acute attacks of hereditary angioedema (HAE) in adult and pediatric patients aged 12 years and older.Ekterly is the first and only oral on-demand treatment for HAE. HAE is characterized by recurrent...

Dow Jones Forecast: Political Tensions and Tariff Risks Weigh on Outlook

US futures are rising on Monday after the extended holiday weekend. Uncertainty surrounding U.S. trade tariff policies are keeping investors cautious, whilst Tesla (NASDAQ:) is taking a hit after Musk announced plans to launch a political party.US Futures 0.78% at 44839 0.7% at 6266 0.53% at 23977In...

Why Is Apogee Therapeutics Stock Soaring On Monday? – Apogee Therapeutics (NASDAQ:APGE)

Apogee Therapeutics Inc. APGE stock is experiencing a significant surge, trading almost 29% higher in premarket on Monday.This substantial increase in stock price follows the release of positive 16-week data from Part A of the Phase 2 APEX clinical trial of APG777, an anti-IL-13 antibody, for moderate-to-severe...

EUR/USD Slips as Trade Talks Stall and Retail Sales Disappoint

falls with trade talks in focus and following weak retail sales. Oil slips after OPEC+ increases output by more than expected.EUR/USD Falls With Trade Talks in Focus and After Weak Retail SalesThe EU and the US are nearing a framework agreement Eurozone retail sales fell -0.7% MoM EUR/USD...