Milestone Pharmaceuticals reports positive data for etripamil nasal spray in treating PSVT, showcasing efficacy and safety across studies.
Quiver AI Summary
Milestone Pharmaceuticals Inc. announced promising new data regarding their investigational product, etripamil nasal spray, aimed at treating paroxysmal supraventricular tachycardia (PSVT). The analysis of multiple studies, encompassing 622 patients, demonstrated consistent efficacy and a favorable safety profile for etripamil, with a median conversion time of 18.5 minutes for symptomatic PSVT episodes. The product exhibits high conversion rates, reaching over 63% within an hour post-administration. Etripamil's safety data shows predominantly mild adverse effects, and only a 1.4% test-dose failure rate, indicating strong tolerability. The findings will be presented at the American Heart Association Scientific Sessions on November 10, 2025. Etripamil is designed for self-administration, potentially reducing emergency room visits and enhancing patient management of PSVT. The U.S. FDA is currently reviewing a New Drug Application for etripamil, with a target decision date set for December 13, 2025.
Potential Positives
- New data analyses demonstrate consistent efficacy and a favorable safety profile for etripamil nasal spray, which is significant for building confidence in the product.
- The upcoming presentation at the American Heart Association Scientific Sessions 2025 highlights the importance of etripamil and offers visibility to potential investors and stakeholders.
- Favorable safety data with a low rate of adverse events (1.4% test-dose failures) suggests high tolerability, which can enhance market acceptance of the product.
- Milestone Pharmaceuticals has submitted a New Drug Application (NDA) for etripamil, with a target FDA decision date of December 13, 2025, indicating progress toward commercialization and potential revenue generation.
Potential Negatives
- Ongoing dependence on FDA approval for the New Drug Application (NDA) of etripamil, creating uncertainty about future market availability.
- Potential risks highlighted regarding the complexities of clinical trials and data analysis, suggesting that efficacy and safety may not be as definitive as presented.
- Forward-looking statements indicate that actual results may differ materially, creating skepticism about the company's projections and confidence in their product.
FAQ
What is etripamil nasal spray?
Etripamil is Milestone's investigational calcium channel blocker nasal spray for managing paroxysmal supraventricular tachycardia (PSVT).
What were the key findings of the etripamil studies?
The studies demonstrated consistent efficacy, safety, and rapid conversion rates for symptomatic PSVT episodes treated with etripamil.
When will the new data on etripamil be presented?
The data will be presented on November 10, 2025, at the American Heart Association Scientific Sessions in New Orleans, La.
What is the current status of the New Drug Application for etripamil?
The NDA for etripamil's brand name, CARDAMYST, is under evaluation by the FDA with a target decision date of December 13, 2025.
How does etripamil improve PSVT management for patients?
Etripamil allows for self-administration, enabling patients to manage acute PSVT episodes without immediate medical oversight.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MIST Hedge Fund Activity
We have seen 24 institutional investors add shares of $MIST stock to their portfolio, and 19 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIMPLIFY ASSET MANAGEMENT INC. added 1,842,974 shares (+186.2%) to their portfolio in Q3 2025, for an estimated $3,685,948
- PROPEL BIO MANAGEMENT, LLC added 340,000 shares (+23.4%) to their portfolio in Q2 2025, for an estimated $659,600
- MILLENNIUM MANAGEMENT LLC removed 322,082 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $624,839
- STONEPINE CAPITAL MANAGEMENT, LLC removed 250,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $485,000
- AMH EQUITY LTD added 231,671 shares (+inf%) to their portfolio in Q3 2025, for an estimated $463,342
- UBS GROUP AG added 211,125 shares (+189.3%) to their portfolio in Q2 2025, for an estimated $409,582
- MORGAN STANLEY removed 148,104 shares (-15.3%) from their portfolio in Q2 2025, for an estimated $287,321
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$MIST Analyst Ratings
Wall Street analysts have issued reports on $MIST in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 09/11/2025
- HC Wainwright & Co. issued a "Buy" rating on 06/05/2025
To track analyst ratings and price targets for $MIST, check out Quiver Quantitative's $MIST forecast page.
$MIST Price Targets
Multiple analysts have issued price targets for $MIST recently. We have seen 2 analysts offer price targets for $MIST in the last 6 months, with a median target of $4.5.
Here are some recent targets:
- Mohit Bansal from Wells Fargo set a target price of $4.0 on 09/11/2025
- Brandon Folkes from HC Wainwright & Co. set a target price of $5.0 on 06/05/2025
Full Release
MONTREAL and CHARLOTTE, N.C., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Milestone ® Pharmaceuticals Inc . (Nasdaq: MIST), a biopharmaceutical company focused on the development and commercialization of innovative cardiovascular medicines, today announced that new data analyses surrounding its lead investigational product for the management of paroxysmal supraventricular tachycardia (PSVT), etripamil nasal spray, consistently showed efficacy and a favorable safety profile across multiple studies comprising the global development program. The poster, “ Combined Efficacy, Safety, and Test Dose Tolerability of Etripamil for Acute Paroxysmal Supraventricular Tachycardia (PSVT) Across Multiple Clinical Trials,” will be presented on Monday, November 10 (10:30–11:30 AM CST) at the American Heart Association Scientific Sessions 2025 , in New Orleans, La. The data will be presented by James Ip, M.D., Professor of Medicine and Director of Cardiac Pacing and Implantable Devices, Division of Cardiology, Department of Medicine, New York Weill Cornell-Presbyterian Hospital.
Key Findings:
- Analysis of data from 622 unique enrolled patients across multiple trials showed consistent efficacy of etripamil across multiple study phases, types of trial design, and geographic regions, with etripamil treatment showing similarly greater conversion rates for symptomatic PSVT episodes compared with placebo arms.
- Across studies, the median time to conversion in patients self-administering etripamil was 18.5 minutes (95% CI: 15.7 to 21.0 minutes).
- The Kaplan-Meier estimate, from the pooled data for conversion of PSVT to sinus rhythm (SR) by 30 minutes of drug administration, was 59.6% (range: 53.6% to 64.3%). By 60 minutes post-administration, etripamil conversion rates rose to 63.2% to 75.1% across studies.
- Safety data from over 1,050 etripamil-treated patients were favorable, consistently shown, and characterized by predominantly mild, transient, and nasal-site localized adverse events.
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The low rate of test-dose failures (1.4%) among over 1,100 patients administered etripamil in SR further indicates the consistent tolerability of etripamil.
“These results show the consistent efficacy, with onset soon after self-administration, and safety of etripamil nasal spray across a wide range of studies and patient populations,” said David Bharucha, M.D., PhD, FACC, Chief Medical Officer of Milestone. “The potential for patients to self-administer etripamil and achieve rapid termination of symptomatic PSVT episodes would represent a meaningful advance in the management of PSVT, a condition that frequently leads to emergency room visits and causes significant burden for patients.”
Study Methods
This analysis involved a systematic review of randomized-controlled and open-label trials evaluating etripamil in adult patients with documented PSVT. Studies were selected based on their focus on self-administered etripamil for acute termination of symptomatic PSVT episodes, with inclusion criteria encompassing patients aged 18 years or older with a history of PSVT confirmed by electrocardiogram (ECG). These studies included: Phase 2: NODE-1; Phase 3: NODE-301 (Parts 1 and 2 [RAPID] and its extensions); and NODE-302 and NODE-303 (open-label extensions).
A New Drug Application (NDA) for CARDAMYST is currently being evaluated by the U.S. Food & Drug Administration (FDA) which has set a new Prescription Drug User Fee Act (PDFUA) target date of December 13, 2025.
About Etripamil
Etripamil is Milestone's lead investigational product. It is a novel calcium channel blocker nasal spray under clinical development for frequent and often highly symptomatic episodes of PSVT and AFib-RVR. It is designed as a self-administered rapid response therapy for patients, thereby bypassing the need for immediate medical oversight. If approved, etripamil is intended to provide health care providers with a new treatment option to enable on-demand care and patient self-management. This portable, self-administered treatment may provide patients with active management and a greater sense of control over their condition. CARDAMYST™, the conditionally approved brand name for etripamil nasal spray, is well studied with a robust clinical trial program that includes a completed Phase 3 clinical-stage program for the treatment of PSVT and Phase 2 trial for the treatment of patients with AFib-RVR.
About Milestone Pharmaceuticals
Milestone Pharmaceuticals Inc. (Nasdaq: MIST) is a biopharmaceutical company developing and commercializing innovative cardiovascular medicines to benefit people living with certain heart conditions. Milestone recently submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for etripamil for the treatment of an abnormal heart rhythm, paroxysmal supraventricular tachycardia or PSVT.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “continue,” “could,” “demonstrate,” “designed,” “develop,” “estimate,” “expect,” “may,” “pending,” “plan,” “potential,” “progress,” “will”, “intend” and similar expressions (as well as other words or expressions referencing future events, conditions, or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Milestone’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include statements regarding: expectations in regards to etripamil’s efficacy; CARDAMYST’s potential as a novel treatment option to help patients with PSVT; the timing of the PDUFA date; and other statements not related to historical facts. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, whether our future interactions with the FDA will have satisfactory outcomes; whether and when, if at all, our NDA for etripamil will be approved by the FDA; uncertainties related to the timing of initiation, enrollment, completion, evaluation and results of our clinical trials; risks and uncertainty related to the complexity inherent in cleaning, verifying and analyzing trial data; and whether the clinical trials will validate the safety and efficacy of etripamil for PSVT or other indications, among others, general economic, political, and market conditions, including deteriorating market conditions due to investor concerns regarding inflation, international tariffs, Russian hostilities in Ukraine and ongoing disputes in Israel and Gaza and overall fluctuations in the financial markets in the United States and abroad, risks related to pandemics and public health emergencies, and risks related the sufficiency of Milestone’s capital resources and its ability to raise additional capital in the current economic climate. These and other risks are set forth in Milestone’s filings with the U.S. Securities and Exchange Commission (SEC), including in its annual report on Form 10-K for the year ended December 31, 2025 and its quarterly report on Form 10-Q for the quarter ended June 30, 2025, in each case under the caption “Risk Factors,” as such discussions may be updated from time to time by subsequent filings Milestone may make with the SEC. Except as required by law, Milestone assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.
Investor Relations
Kevin Gardner, [email protected]