Financial Data and Key Metrics Changes - The company reported a median seizure reduction of over 56% in the RADIANT study, with 60% of patients achieving at least a 50% reduction in seizures, indicating a strong efficacy profile [13][14][20] - The cash runway extends into 2028, supporting the company's ambitious clinical agenda [6] Business Line Data and Key Metrics Changes - The RADIANT study focused on the efficacy of vermatrigine, which is positioned as a best-in-disease treatment for focal epilepsy, showing significant potential compared to existing therapies [8][24] - The company has four late-stage assets, with five clinical readouts expected within the next year [6] Market Data and Key Metrics Changes - Focal epilepsy affects approximately three million patients in the US, with over 60% requiring multiple anti-seizure medications, highlighting the inadequacy of current treatments [7][23] - The company plans to launch POWER three, aiming to establish vermatrigine as a standalone therapy for refractory epilepsy patients transitioning off current anti-seizure medications [24] Company Strategy and Development Direction - The company aims to revolutionize epilepsy treatments, moving towards first-line therapy with vermatrigine and planning to include mood endpoints in future studies [21][77] - The company is focused on leveraging its recruitment capabilities to enhance patient enrollment in upcoming studies, including POWER two and POWER three [32][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential of vermatrigine to make a significant difference for patients with refractory epilepsy, emphasizing the need for effective treatments [20][26] - The management highlighted the importance of addressing the high discontinuation rates linked to background anti-seizure medications and the need for better management strategies [19][52] Other Important Information - The company received breakthrough designation for raletirgene in the US, which will expedite its registration process for patients with SCN2A and SCN8A mutations [26] - The RADIANT study demonstrated a favorable safety profile for vermatrigine, with most adverse events being mild to moderate [18][19] Q&A Session Summary Question: Background therapies and response rates - The company noted robust effects across various background therapies, with over 57% of patients responding positively despite being on multiple medications [28][29] Question: Efficacy and execution in studies - Management emphasized strong execution in the RADIANT study and confirmed guidance for completing POWER one by the end of the year [31][32] Question: Discontinuation rates and safety - The company acknowledged a 23% discontinuation rate, primarily linked to background therapy management, and emphasized the need for better dosing strategies [19][52] Question: Mood benefits and additional endpoints - Management confirmed the inclusion of mood endpoints in future studies, based on positive feedback from patients and investigators [21][76] Question: Future studies and market opportunities - The company highlighted the significant market opportunity for vermatrigine, particularly in refractory epilepsy, and the potential for label differentiation through additional studies [77][78]

Financial Data and Key Metrics Changes - The company reported a median seizure reduction of over 56% in the RADIANT study, with 60% of patients achieving at least a 50% reduction in seizures, indicating strong efficacy of the drug [13][14][20] - The cash runway extends into 2028, supporting the company's ambitious clinical agenda [6] Business Line Data and Key Metrics Changes - The RADIANT study focused on the efficacy of vermatrogene, which is positioned as a best-in-disease treatment for focal epilepsy, showing significant potential in a complex patient population [8][20] - The company has four late-stage assets and expects five clinical readouts within the next year, highlighting a robust pipeline [6][7] Market Data and Key Metrics Changes - The focal epilepsy market is characterized by a high unmet need, with over 60% of patients requiring multiple anti-seizure medications, underscoring the inadequacy of existing therapies [7][23] - The company plans to launch POWER three, aiming to establish vermatrogene as a standalone therapy for refractory epilepsy patients transitioning off current anti-seizure medications [24] Company Strategy and Development Direction - The company aims to revolutionize epilepsy treatments, focusing on innovative therapies that combine fast-acting mechanisms with minimal restrictions [24] - The addition of a 40 mg dose arm in the POWER two study is intended to explore greater efficacy [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential of vermatrogene to make a significant difference for patients with refractory epilepsy, emphasizing the importance of effective treatment options [20][25] - The management highlighted the positive impact on patients' moods observed during the RADIANT study, which will be included as endpoints in future studies [21][66] Other Important Information - The company received breakthrough designation for raletirgene in the US, which will expedite its path to registration for patients with specific genetic conditions [25] - The discontinuation rate in the RADIANT study was 23%, primarily linked to background anti-seizure medication dose adjustments, rather than the drug itself [18][56] Q&A Session Summary Question: Background therapies and response rates - The company observed robust effects across various background therapies, with over 57% of patients responding positively, even those on multiple medications [29][31] Question: Execution of the RADIANT study - The strong execution was attributed to effective recruitment strategies and high-quality site management, leading to a representative sample of the refractory epilepsy population [33][34] Question: Discontinuation rates and efficacy - Discontinuation rates were higher than expected, but the company noted that reducing background medications improved patient outcomes without negatively impacting efficacy [56][88] Question: Mood benefits and endpoints - The management acknowledged anecdotal reports of mood improvements and plans to incorporate systematic assessments in future studies [66][79] Question: Safety profile and background therapy interactions - The company reported that the adverse event rates were lower than other drugs, and the safety profile was favorable, with most adverse events being mild to moderate [63][64] Question: Future studies and market opportunities - The company is optimistic about the potential market opportunity for vermatrogene, especially in refractory and hyper-refractory patient populations [80][81]