Corvus Achieves 75% EASI75 in Phase 1 Cohort 4, Secures $189M Funding
Corvus’ Phase 1 cohort 4 atopic dermatitis trial showed 75% EASI75, 25% EASI90 and 33% IGA0/1 responses versus 20%, 0% and 0% for placebo with no serious adverse events in 150 patients. The company raised $189 million, extending cash runway into Q2 2028 and launched a 200-patient Phase 2 trial.
1. Phase 1 Cohort 4 Efficacy and Safety
Cohort 4 of the Phase 1 atopic dermatitis trial evaluated soquelitinib over eight weeks and achieved 75% EASI75, 25% EASI90 and 33% IGA0/1 responses versus 20%, 0% and 0% for placebo. No severe or serious adverse events occurred in over 150 patients and no dose modifications were required in any trial.
2. Cash Raise and Financial Position
Corvus completed a public offering that generated $189 million in net proceeds, extending its operating cash runway into the second quarter of 2028. This funding supports ongoing and planned clinical programs through key data readouts.
3. Ongoing Phase 2 and Global Trials
The company initiated a randomized, placebo-controlled Phase 2 atopic dermatitis trial enrolling approximately 200 patients across four dosing cohorts (200 mg QD, 200 mg BID, 400 mg QD and placebo) with a 12-week treatment and 90-day follow-up. Angel Pharmaceuticals is conducting a parallel Phase 1b/2 trial in China with 48 patients initially and up to 90 additional subjects planned, with initial results expected late this year.
4. Advanced Programs and PTCL Trial
Enrollment continues in the registrational Phase 3 trial in relapsed/refractory peripheral T cell lymphoma involving 150 patients randomized to soquelitinib or physician’s choice chemotherapy, targeting progression-free survival with Orphan Drug and Fast Track designations. Corvus is also advancing an ALPS Phase 2 trial with NIAID, preparing Phase 2 studies in asthma and hidradenitis suppurativa, and developing next-generation ITK inhibitors in preclinical stages.