I think the only reason they haven't been bringing up the Breakthrough Designation talk, like they were back in November of 2019, is that they can't hype it as a publicly traded company. Over the past 6-months, we've seen how they've changed their tone now that they're under the scrutiny of the SEC and institutional stockholders.
Having said that, as I learn more about the Breakthrough Therapy Status; if they are able to meet the endpoints in the P2A referenced by Carl LeBel in the Goldman fireside chat, I have a hard time seeing how they wouldn't get it.
Directly from the Goldman discussion, Phase 2A is intended to:
- Recruit a patient population with similar Moderate to Moderately-Severe SNHL (Greater room for % improvement)
- Replicate the same
statistically significant & clinically meaningful results with a single dose as the Phase 1/2
- Show outcomes of the additional 2 or 4 doses that are significant.
(Either greater participant response in the same hearing range, or an extended range of hearing improvement deeper into the cochlea)
These three points alone, in my opinion, pretty much meet the Breakthrough Designation guidelines on the FDA website; and they already have meaningful data from the Phase 1/2. Phase 2A is literally enriching the data.
https://www.fda.gov/patients/fast-t...approval-priority-review/breakthrough-therapy
BONUS: Add to that the more recent findings from the Perilymph study and the durability findings from the Phase 1/2 participants that they re-tested after 12-21 months.
With all that known, I suspect Phase 2A will probably be concluded at the end of 2020 due to the COVID-19 delay.
I think the Phase 2A findings will likely make FX-322 eligible for Breakthrough Status.
Based on the chart below as a reference.
View attachment 39345
I am going to speculate that Frequency conducts the next phase as its Pivotal phase. That Phase (2b/3) is a 12-month study, includes 300-500 participants and is modeled similarly to the Phase 2A. It starts mid-2021 and ends mid-2022. After the study ends, the 6-month NDA process takes place. It is approved for market use at the start of 2023. Patients may be able to gain access to dosing at some point early-mid 2023.
NOTE: There are no hard rules indicating that drug makers have to wait to start the manufacturing process until AFTER the NDA is approved by the FDA. They may very well be able to start the manufacturing process on or before the NDA process to meet expected demand in 2023. Astellas may also start manufacturing drugs for use in countries in EU/Asia that may not be as strict as the US. Also, Frequency has claimed a few times that FX-322 is a small molecule drug, and therefore should be simple to manufacture.