TIMELINE: Let's look at the Clinical Trial timeline for FX-322 and see what we can learn:
Phase 1 :
- Started: 2017.10
- Ended: 2018.04
Phase 1/2:
- Started: 2018.07
- Ended: 2019.04
Phase 2A:
- Started: 2019.09
- Ending: 2021.04 (Assumed)
ESTIMATED DURATION SO FAR: 3 years, 6 months.
First, the "average" of 10 years needs a little scrutiny. It assumes the start of the first Clinical Trial, and the Final Approval for release of the drug. Based on some of the googling I've done to understand this number, it generally references drugs relating to conditions like cancer, heart disease, etc, that take a long time to recruit and require a long time to reserve. It appears that the overall range driving that average is 5 years to 14 years.
Many of these trials have multi-year Phase 2s (3+ years) along with multi-year Phase 3s (3-7+ years).
Looking at the current duration of the FX-322 trials that we know about; and comparing them to what makes up the "10 Year" average in other trials, by breaking them down into their phases; it's hard to see the entire series of FX-322 clinical trials being above that average.
Carl LeBel also noted that FX-322 would likely undergo on "the shorter side" of Phase 3 trials; since the drug simply doesn't require a multi-year observation period. As we've seen from the Phase 1/2, improvements become significant after 90 days.
So I think it stands to reason, that FX-322 based on the data above is probably pacing towards 8 years in total duration, placing the final approval around 2025.
REASONS FOR OPTIMISM:
"WHAT ABOUT BREAKTHROUGH THERAPY DESIGNATION?" You all might be asking...
In my opinion, it's highly likely that FX-322 will be applicable for Breakthrough Therapy Designation if the Phase 2A can replicate what was seen in the Phase 1/2. Based on the FDA's website for the criteria that a drug must meet to receive Breakthrough Therapy Designation, it was already achieved in the Phase 1/2; and validated in the long-term study.
There are only a few articles/studies on how Breakthrough Therapy Designation reduce the "time to market" for drugs. Of those that I have found through googling (again, focusing on cancer):
What Does Breakthrough Therapy Designation Really Mean For My Company?
One "research" article that I found a while back that can't seem to find now showed that Fast Track and Breakthrough Therapy Designations typically reduced released time for any drug by 2 years.
So, based on my above assessment of 8 years above, Breakthrough Therapy Designation would shorten the release time to 6-years from the Phase 1 start;
placing the release year at 2023.
THE PHASE 3 WILL BE WORLDWIDE, AND ASTELLAS IS FOOTING THE BILL:
Frequency Therapeutics and Astellas are going to
partner on a multi-country Phase 3. This is written in their 10-K documentation on their website. This will enable greater access to patients and reduce recruiting time, it's also highly likely that Frequency Therapeutics will continue to partner with the same testing sites stateside.
I have reason to believe that Frequency Therapeutics may modify their acceptance criteria for the Phase 3 so that more patients can participate. At this point; they're looking for adverse reactions more than hitting high efficacy targets, like in the Phase 2A. Again, a bigger market.
Also, if the Phase 2A doesn't produce any adverse events; participants in the Phase 3 will already be aware of the low-risk, and the potential benefit from participating. From what I have seen, when there are major adverse events in any phase of a trial, it is halted immediately. We haven't seen that at all with FX-322.
Bottom line: I don't see recruiting for Phase 3 being a huge concern.