Summary by Moomoo AI
SINDA BIOPHARMACEUTICAL CO., LTD. (“SINDA BIOLOGIC”) ANNOUNCED ON FEBRUARY 20, 2024 THAT THE PHASE III CLINICAL TRIAL OF ITS FLAGSHIP IBI311 TREATMENT FOR THYROID EYE DISEASE (TED) HAS REACHED MAJOR TERMINATION IN CHINA. The study, called RESTORE-1, was a multicenter, randomized, double-blind placebo comparison, and the results showed that the IBI311 treatment group had a significantly better eye response rate than the placebo group. Sinda Biologics Program submits a new drug listing application to the National Drug Administration. TED is an autoimmune disease associated with thyroid disease and currently no targeted drug for this disease has been approved in the country. IBI311, as a monoclonal antibody targeting IGF-1R, demonstrated good efficacy and safety in the study and is expected to improve the treatment status of TED patients in China.