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Alumis eyes late-stage lupus study despite trial miss

Alumis said the drug was well tolerated and showed strong results in a subgroup with high interferon activity, supporting a planned Phase 3 discussion.

  • On Tuesday, Alumis announced its experimental drug envudeucitinib failed to meet its primary endpoint in a mid-stage trial involving 408 adults with systemic lupus erythematosus, though the company plans to pursue a Phase 3 trial.
  • Company shares plummeted nearly 55% following the results, erasing almost all stock gains this year, as Wall Street had viewed the study as a critical test in a notoriously difficult disease category.
  • Patients with a "high interferon gene signature" showed "robust" responses, according to Alumis, representing a smaller population share than anticipated but supporting continued development.
  • Envudeucitinib is a TYK2 inhibitor, a class popularized by Bristol Myers Squibb's Sotyktu; Takeda Pharmaceuticals invested $4 billion in a similar candidate, though prior blockers struggled outside psoriasis.
  • CEO Martin Babler affirmed the company remains on track to file for U.S. regulatory approval of envudeucitinib for psoriasis by late 2026, despite Stifel analyst Alex Thompson calling the lupus results "disappointing.
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biopharmadive.com broke the news on Tuesday, September 1, 2026.
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