WINT: Advancing Lead Asset; Leveraging Strategic M&A to Potentially Shorten Timeline to Revenue Generation – Initiating Coverage

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By M. Marin

NASDAQ:WINT

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Multiple Programs Focus on Unmet Needs In Cardiogenic Shock & AHF

Pennsylvania-based Windtree Therapeutics, Inc. (NASDAQ:WINT) is a biopharmaceutical company developing therapies for a range of cardiovascular and oncology treatments characterized by significant unmet need. The company’s lead indication area is cardiogenic shock (which is a severe form of heart failure). The company’s lead asset, Istaroxime, is a first-in-class, dual-acting agent being developed to improve blood pressure and cardiac function in patients with cardiogenic shock. A second indication is treatment of acute heart failure by improving cardiac function.

Lead Asset Istaroxime has Fast Track Therapy Designation

Istaroxime has been granted FDA Fast Track designation for the treatment of AHF. Fast track could lead to an expedited FDA review of istaroxime to treat AHF, potentially shortening the clinical timeline and time to commercialization. Once an asset receives Fast Track designation, it is potentially eligible for, among other factors:

  • More frequent communication and meetings with the FDA to discuss development plans

  • Accelerated approval and priority review depending on when/if relevant criteria are met

Windtree recently reported positive Phase 2b clinical trial data in early cardiogenic shock. To position istaroxime for Phase 3 readiness, WINT is also enrolling a small Phase 2 study in SCAI Stage C, administering istaroxime to patients with the more severe form of cardiac shock, SCAI Stage C. WINT is also developing next generation therapies called SERCA2a activators in areas for acute and chronic cardiovascular disease.

The trial evaluated two different dose regimens of istaroxime compared to placebo. Patients received infusions of istaroxime for up to 60 hours. By comparison, treatment in prior studies was limited to 24 hours. The extended treatment time was designed to determine the potential for additional benefit at longer dosing. The trial had one cohort that received a decreasing istaroxime dose over the period and the other cohort received a constant istaroxime dose. It aggregated data related to both cardiac and renal function and additional safety information on cardiac arrhythmias. Importantly, the study results were consistent with results of prior clinical activity, indicating that istaroxime is not related to increased cardiac arrhythmias. WINT believes this is a potentially important differentiating characteristic compared to commonly used current drug therapies.