InflaRx Outlines Data Analysis for Vilobelimab in Pyoderma Gangrenosum Study
InflaRx outlined multiple data analyses of the Phase 3 study for vilobelimab in pyoderma gangrenosum, which was terminated earlier this year after an Independent Data Monitoring Committee recommended the trial be stopped early due to futility. The analyses disclosed today include the primary intent-to-treat analysis and several post-hoc analyses on the 54 patients enrolled in the trial at the time of study termination. The Phase 3 study had recruited a total of 54 patients at the time the interim analysis was conducted, including 30 patients who had completed 6 months of treatment. The primary clinical endpoint of complete target ulcer closure on two consecutive visits showed a difference in favor of vilobelimab over placebo of 20.8% versus 16.7%. Key secondary endpoints such as complete disease remission showed improvement in favor of vilobelimab over placebo and those with greater than50% reduction of target ulcer volume at week 26. In addition, patients reported feeling better as measured by the Dermatology Life Quality Index mean percentage change at the end of treatment visit. Overall, vilobelimab was well tolerated. Observed treatment-emergent adverse events were mostly mild to moderate, and patients with serious related on-treatment TEAEs were similarly distributed. In addition, further post-hoc analyses showed that there is an overall treatment effect with vilobelimab when compared to placebo. These include an MMRM for percent change in target ulcer volume, which showed an average effect over all visits in favor of vilobelimab over placebo when imputing patients with treatment-related discontinuation reasons, including patient level stopping criteria with a last observation carried forward approach. This analysis yielded a significant treatment difference for every week from Week 14 to Week 26 for vilobelimab over placebo. In addition, ANCOVAs for mean of percentage changes from baseline in volume and area from Week 12 until Week 26 were also in favor of vilobelimab, including mean of percentage change from baseline in volume and area. These analyses suggest that treatment longer than 26 weeks with vilobelimab may provide improved treatment outcomes in this difficult-to-treat ulcerative PG population. As next steps, InflaRx anticipates meeting with the FDA to discuss a potential path forward for vilobelimab in PG, including the use of alternative endpoints that could be utilized for potential future clinical studies. At this time, in an effort to prioritize izicopan development, InflaRx does not expect to deploy significant resources towards future vilobelimab development in PG on its own and will instead consider doing so in collaboration with a partner.
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- Investor Conference Schedule: InflaRx will participate in the Guggenheim Securities Biotech Summit on February 11-12, 2026, in New York, conducting one-on-one investor meetings on February 11 to enhance engagement and transparency with investors.
- Virtual Conference Participation: The company will also attend the Oppenheimer 36th Annual Healthcare Life Sciences Conference on February 25-26, 2026, with a virtual presentation on February 25, further expanding its investor base.
- Product Development Progress: InflaRx's lead program, izicopan (INF904), an orally administered small molecule inhibitor, has shown promising pharmacokinetic and pharmacodynamic characteristics in Phase 1 and Phase 2a clinical studies, expected to provide treatment options for various inflammatory diseases.
- Innovative Drug Development: The company has also developed vilobelimab, a first-in-class anti-C5a monoclonal antibody that has demonstrated disease-modifying activity and tolerability in multiple clinical studies, highlighting its innovative potential in anti-inflammatory therapies.
- Cost-Cutting Measures: InflaRx announced a 30% workforce reduction and significant cuts to Gohibic-related commercial spending to enhance capital efficiency and support further development of izicopan, expecting a one-time charge of approximately $7 million.
- Cash Flow Outlook: Following the restructuring, InflaRx anticipates its cash runway will extend into mid-2027, and despite reduced spending, it will continue to support the BARDA-sponsored Gohibic clinical trial, ensuring its availability under emergency use authorization in the U.S.
- R&D Priority Shift: The company is prioritizing izicopan, planning to advance its development in hidradenitis suppurativa and other inflammatory and immunology indications, demonstrating a strong commitment to new drug development.
- Market Opportunity Assessment: InflaRx continues to evaluate partnership opportunities for Gohibic in both the U.S. and Europe and plans to engage with the FDA on a potential development path for vilobelimab in pyoderma gangrenosum, showcasing its adaptability in the market.

- Clinical Trial Progress: InflaRx's Phase 3 trial for vilobelimab shows a 20.8% improvement in complete target ulcer closure compared to placebo, setting the stage for upcoming FDA discussions despite non-significant results.
- Post-Hoc Analysis Results: Further analyses reveal an average treatment effect of -45.4% in target ulcer volume for vilobelimab, with significant improvements noted by Week 26, indicating potential for sustained treatment benefits.
- Strategic Partnership Plans: InflaRx intends to meet with the FDA to discuss future development pathways for vilobelimab, considering collaboration with partners rather than allocating significant resources independently, highlighting a focus on izicopan (INF904).
- Market Reaction: Following the latest updates, IFRX shares rose by 7.92% to $1.09, reflecting market optimism regarding the company's future prospects.
- Market Breakthrough: ARS Pharma's neffy has received approval from China's NMPA, becoming the first needle-free epinephrine nasal spray for emergency allergy treatment, with commercial availability expected in spring 2026, addressing the growing demand for allergy treatments and further expanding the company's global market presence.
- Market Potential: Neffy generated $31.3 million in U.S. sales in Q3 2025, demonstrating strong market adoption, and the upcoming launch in China is anticipated to significantly boost overall revenue and enhance brand influence.
- Strategic Positioning: This approval marks neffy's successful entry into multiple global markets, including the U.S., U.K., E.U., Japan, and Australia, underscoring the company's leadership in the global allergy treatment sector.
- Future Outlook: With the product's commercialization in China, ARS Pharma plans to strengthen its collaboration with Pediatrix Therapeutics, leveraging its marketing rights in China to drive sales growth and increase market share.

- Trial Termination: InflaRx terminated its Phase 3 trial of Vilobelimab for pyoderma gangrenosum in May 2025, yet post-hoc analyses revealed that 20.8% of patients achieved complete remission, indicating potential efficacy worth further exploration.
- Positive Patient Response: Among patients receiving Vilobelimab, 36.4% achieved over a 50% reduction in ulcer volume compared to only 16.7% in the placebo group, highlighting the drug's significant potential impact on improving patient quality of life.
- Good Safety Profile: Safety data indicated that adverse events associated with Vilobelimab were mostly mild to moderate, suggesting a favorable tolerance profile that could facilitate its future clinical applications.
- Future Development Plans: InflaRx intends to meet with the FDA to discuss alternative endpoints and is considering pursuing further development in pyoderma gangrenosum in collaboration with a partner, demonstrating the company's ongoing commitment to this therapeutic area.

- Study Termination Context: InflaRx N.V. announced the early termination of its Phase 3 study for vilobelimab in pyoderma gangrenosum due to futility, highlighting the challenges and risks associated with clinical trials.
- Efficacy Data Analysis: Recent in-depth data analysis reveals that vilobelimab achieved a 20.8% efficacy in complete target ulcer closure compared to 16.7% for placebo, indicating its potential role in certain neutrophilic skin diseases.
- Key Secondary Endpoint Improvement: Key secondary endpoints showed improvement in favor of vilobelimab over placebo, further supporting its clinical application potential and efficacy.
- FDA Meeting Plans: The company expects to meet with the FDA to discuss a potential path forward for vilobelimab, indicating its strategic focus on future market opportunities and development planning.








