Inozyme Pharma Reports First Quarter 2025 Financial Results and Provides Business Highlights

Core Insights - The ENERGY 3 trial is progressing positively, with INZ-701 showing potential to modify the disease course in ENPP1 Deficiency, evidenced by sustained phosphate increases and a favorable safety profile [1][2][3] - The trial is on track for topline data in the first quarter of 2026, with no patient dropouts or safety concerns reported [1][3] - The company has appointed Petra Duda, M.D., Ph.D. as Chief Medical Officer, succeeding Kurt Gunter, M.D. [1][15][16] Trial Progress and Data - The ENERGY 3 trial completed enrollment in January 2025, with dosing expected to conclude in January 2026 and topline data anticipated in Q1 2026 [3][24] - No patient discontinuations or dose adjustments have occurred due to safety concerns, and the Data Safety Monitoring Board has not identified new safety signals [3][11] - Preliminary anti-drug antibody (ADA) data show that 15 out of 17 patients had no detectable ADAs or low titer responses, indicating a favorable immunogenicity profile [5][7] Serum Phosphate Levels - Interim data indicate that mean serum phosphate levels increased over time in the INZ-701 treatment arm, with a +8.2% increase at Week 13 compared to a -0.04% decrease in the conventional treatment arm [11][12] - By Week 39, mean phosphate levels increased by +12.1% in the INZ-701 arm, while the conventional treatment arm saw a -9.0% decrease [11][12] - Overall, 35% of patients treated with INZ-701 achieved normal serum phosphate levels at least once, while no patients in the conventional treatment arm reached normal levels [11][14] Leadership Transition - Petra Duda, M.D., Ph.D. has been appointed as Chief Medical Officer, bringing over two decades of experience in clinical development and regulatory leadership [15][16] - Dr. Duda's previous roles include Global Development Lead at UCB and significant contributions to the approval of therapies for rare diseases [16][17] Financial Overview - As of March 31, 2025, the company reported cash, cash equivalents, and short-term investments of $84.8 million, expected to fund operations into Q1 2026 [22][26] - Research and development expenses for Q1 2025 were $20.4 million, an increase from $19.1 million in the prior year, primarily due to INZ-701-related expenses [22][26] - The net loss for the quarter was $28.0 million, or $0.44 loss per share, compared to a net loss of $23.3 million, or $0.38 loss per share in the prior year [22][26]