SPY001 showed significant efficacy in ulcerative colitis treatment, achieving primary and secondary endpoints, with a favorable safety profile.
Quiver AI Summary
Spyre Therapeutics, Inc. announced positive results from the Phase 2 SKYLINE trial of its investigational drug SPY001 for treating moderate-to-severely active ulcerative colitis. The primary endpoint was met, showing a statistically significant reduction in the Robart’s Histopathology Index (RHI) score by 9.2 points at Week 12 (p<0.0001). Secondary endpoints indicated clinical remission in 40% of patients and a 51% rate of endoscopic improvement. The drug was well tolerated with a safety profile similar to other drugs in its class. Recruitment for Part A of the trial is closed, while enrollment is ongoing for Part B, which includes both monotherapy and combination options. Spyre plans to present further data in the coming years, highlighting SPY001's potential as a leading treatment in this therapeutic area.
Potential Positives
- SPY001 met its primary endpoint with a statistically significant reduction in the Robart’s Histopathology Index score, indicating strong efficacy in treating moderate-to-severely active ulcerative colitis.
- The secondary endpoints also showed clinically meaningful results, including a 40% clinical remission rate and 51% endoscopic improvement, supporting SPY001's potential as a best-in-class treatment.
- Enrollment for Part B of the SKYLINE trial is now open, which includes investigation into combination therapies, reflecting ongoing progress and expansion of the study.
- SPY001 demonstrated a well-tolerated safety profile consistent with its class, with a low rate of treatment-emergent adverse events, suggesting good patient tolerability and safety for further development.
Potential Negatives
- Despite meeting primary endpoints, SPY001's secondary endpoints for clinical remission and endoscopic improvement may raise concerns about its overall effectiveness in treating moderate-to-severely active ulcerative colitis, as they indicate only moderate improvements compared to standard treatments.
- The announcement of recruitment closing for Part A and the beginning of Part B may indicate challenges in sustaining participant engagement and interest, which could impact future trial progress.
- Forward-looking statements about potential growth and commercialization carry inherent risks and uncertainties, highlighting the unpredictability of the product’s success in the market.
FAQ
What are the main findings from the SPY001 Phase 2 trial?
SPY001 met its primary endpoint with a 9.2 point reduction in RHI score, indicating significant efficacy for ulcerative colitis.
How well was SPY001 tolerated during the trial?
SPY001 was well tolerated, with a safety profile consistent with the α4β7 class and minimal adverse events reported.
What is the purpose of the SKYLINE Part B trial?
SKYLINE Part B aims to assess safety and efficacy in monotherapy and combination cohorts of SPY001 and other investigational agents.
What secondary endpoints did SPY001 achieve?
SPY001 achieved a 40% clinical remission rate and 51% endoscopic improvement in the secondary endpoints of the trial.
When will proof-of-concept data be available?
Proof-of-concept data for remaining cohorts of Part A is expected in mid-2026 and for Part B in 2027.
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.
$SYRE Insider Trading Activity
$SYRE insiders have traded $SYRE stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $SYRE stock by insiders over the last 6 months:
- CAMERON TURTLE (Chief Executive Officer) has made 0 purchases and 13 sales selling 120,000 shares for an estimated $3,810,090.
- SCOTT L BURROWS (Chief Financial Officer) has made 0 purchases and 4 sales selling 10,000 shares for an estimated $471,696.
- SHELDON SLOAN (Chief Medical Officer) sold 7,958 shares for an estimated $397,900
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SYRE Hedge Fund Activity
We have seen 104 institutional investors add shares of $SYRE stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 2,578,675 shares (+28.5%) to their portfolio in Q4 2025, for an estimated $84,477,393
- PERCEPTIVE ADVISORS LLC added 1,839,780 shares (+149.6%) to their portfolio in Q4 2025, for an estimated $60,271,192
- JANUS HENDERSON GROUP PLC added 1,816,009 shares (+13969.3%) to their portfolio in Q4 2025, for an estimated $59,492,454
- RA CAPITAL MANAGEMENT, L.P. added 1,621,620 shares (+inf%) to their portfolio in Q4 2025, for an estimated $53,124,271
- BLACKROCK, INC. added 1,539,357 shares (+38.7%) to their portfolio in Q4 2025, for an estimated $50,429,335
- JEFFERIES FINANCIAL GROUP INC. removed 1,388,854 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $45,498,857
- TANG CAPITAL MANAGEMENT LLC removed 1,307,800 shares (-40.9%) from their portfolio in Q4 2025, for an estimated $42,843,528
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SYRE Analyst Ratings
Wall Street analysts have issued reports on $SYRE 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:
- Mizuho issued a "Outperform" rating on 12/18/2025
- Jones Trading issued a "Buy" rating on 12/01/2025
To track analyst ratings and price targets for $SYRE, check out Quiver Quantitative's $SYRE forecast page.
$SYRE Price Targets
Multiple analysts have issued price targets for $SYRE recently. We have seen 6 analysts offer price targets for $SYRE in the last 6 months, with a median target of $64.0.
Here are some recent targets:
- Julian Harrison from BTIG set a target price of $70.0 on 03/31/2026
- Alex Thompson from Stifel set a target price of $92.0 on 03/18/2026
- Yanan Zhu from Wells Fargo set a target price of $50.0 on 02/20/2026
- Joseph Catanzaro from Mizuho set a target price of $53.0 on 12/18/2025
- Samantha Semenkow from Citigroup set a target price of $64.0 on 12/17/2025
- Debanjana Chatterjee from Jones Trading set a target price of $64.0 on 12/01/2025
Full Release
SPY001 met its primary endpoint with a statistically significant reduction of 9.2 points (p<0.0001) from baseline at Week 12 in Robart’s Histopathology Index (RHI) score
Secondary endpoints included clinical remission by modified Mayo Score of 40% and endoscopic improvement of 51%
SPY001 was well tolerated with a safety profile consistent with the α4β7 class
Recruitment for SKYLINE Part A closed, now enrolling Part B monotherapy and combination cohorts
Management will host a conference call today at 8:00 a.m. ET
WALTHAM, Mass., April 13, 2026 (GLOBE NEWSWIRE) -- Spyre Therapeutics, Inc. (NASDAQ: SYRE), a clinical-stage biotechnology company pioneering long-acting antibodies and antibody combinations to redefine the standard of care for inflammatory bowel disease (IBD) and rheumatic diseases, today announced positive 12-week induction data from Part A of the Phase 2 SKYLINE trial of SPY001, a potential best-in-class anti-α4β7 being investigated for the treatment of moderate-to-severely active ulcerative colitis (UC).
“SPY001 was designed to improve upon vedolizumab’s proven activity in IBD by matching its epitope and potency while increasing target coverage through an extended half-life and greater induction dosing. Our data today support the hypothesis that this approach could lead to a best-in-class anti-α4β7 product across safety, efficacy, and convenience,” said Deanna Nguyen, M.D., SVP of Clinical Development and SKYLINE study lead. “Beyond SPY001’s potential as a monotherapy, we continue to believe that its gut-selective mechanism makes it an ideal backbone for combination therapy alongside our cytokine-targeting investigational antibodies SPY002 (anti-TL1A) or SPY003 (anti-IL23). We have begun enrolling these combinations globally and look forward to unveiling proof-of-concept data next year.”
Additionally, Spyre announced today that recruitment for Part A of SKYLINE is now closed and enrollment is open for Part B, which includes three monotherapy cohorts (SPY001, SPY002, and SPY003) and three combination cohorts (SPY120, SPY130, and SPY230) into which participants may be randomized versus a shared placebo. Proof-of-concept induction data for the remaining cohorts of Part A are now expected mid-2026 (SPY002) and Q3 2026 (SPY003). Part B induction data (all cohorts) remain on track for 2027.
“On behalf of the Spyre team, I’d like to thank the patients and investigators whose partnership has made this progress possible as we advance the study with the goal of delivering paradigm-changing combinations for IBD patients,” said Sheldon Sloan, M.D. MBE, Chief Medical Officer of Spyre Therapeutics. “Thanks to our team’s outstanding execution, we enrolled Part A with exceptional speed and now transition to Part B. We expect heightened investigator enthusiasm given these promising results for SPY001, a low placebo allocation for the remainder of the trial, and a unique opportunity to evaluate perhaps the three most promising combinations in development.”
SPY001 SKYLINE Part A Induction Topline Results
SKYLINE is a two-part induction and maintenance platform trial of SPY001, SPY002, SPY003, as well as pairwise combinations thereof (six investigational agents total) in patients with moderately to severely active ulcerative colitis. Part A is an open-label assessment of the safety and efficacy of a single dose level of each investigational monotherapy, and Part B is a randomized and placebo-controlled assessment of the safety and efficacy of investigational monotherapies (two dose levels) and combinations.
SPY001 is an extended half-life investigational antibody targeting α4β7, an integrin central to immune cell trafficking to the gut. Initial 12-week findings from SKYLINE Part A demonstrated that SPY001 met or exceeded all key objectives.
Efficacy: SPY001 achieved the primary endpoint, demonstrating a statistically significant reduction in the RHI score of 9.2 points (p<0.0001). Rates of key secondary endpoints of clinical remission and endoscopic improvement were clinically meaningful and support SPY001’s potential best-in-class profile.
| Endpoint | Week 12 Result | |
|
Change in RHI from baseline
Primary endpoint |
-9.2
(p<0.0001) |
|
| Clinical remission rate | 40% | |
| Endoscopic improvement rate | 51% | |
| Change in Modified Mayo Score | -3.7 | |
Safety: SPY001 was well tolerated with a safety profile consistent with the α4β7 class. There were six subjects with treatment-emergent adverse events (TEAEs) during the induction treatment period, with one serious adverse event (SAE), deemed not drug-related. The most common AE (occurring in ≥ 2 patients) was back pain (n=2).
| SPY001 (n=43) | |
| Subjects with any AE (n, %) | 6 (14%) |
| Severe (Grade ≥ 3) AE | 1 (2%)* |
| Drug-related AE | 0 |
| AE leading to study discontinuation | 0 |
| SAE | 1 (2%)* |
| Drug-related SAE | 0 |
| AEs of special interest | 0 |
| Death | 0 |
*Chest pain in a 68-year-old male with history of coronary artery disease and angina pectoris, type 2 diabetes mellitus, hypertension, and hypercholesterolemia who presented with chest pain. ECG and cardiac enzymes did not show signs of a myocardial infarction.
Webcast Details
Spyre Therapeutics’ webcast of the SPY001 Phase 2 SKYLINE Part A data will begin today at 8:00 a.m. ET. The webcast can be accessed via this link or the Investors section of the Company’s website at https://ir.spyre.com/news-events/events . A replay of the webcast will be available following the call.
About Spyre Therapeutics
Spyre Therapeutics is a clinical-stage biotechnology company pioneering long-acting antibodies and antibody combinations to redefine the standard of care for inflammatory bowel disease (“IBD”) and rheumatic diseases. Spyre's pipeline includes investigational extended half-life antibodies targeting α4β7, TL1A, and IL-23.
For more information, visit Spyre's website at www.spyre.com .
Forward-Looking Statements
Certain statements in this press release, other than purely historical information, may constitute "forward-looking statements" within the meaning of the federal securities laws, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: Spyre’s ability to achieve the expected benefits or opportunities with respect to its product candidates, including their potential commercialization; Spyre’s ongoing and future clinical development activities, including Spyre’s plans for and timing of cohort initiation and data readouts for the ongoing SKYLINE trial and ongoing SKYWAY trial and enrollment of clinical trials; the inclusion of each rational combination in Part B of the SKYLINE Phase 2 platform trial; expectations regarding investigator enthusiasm and placebo allocation; the potential for SPY001 to be an ideal backbone for combination therapy; the potential therapeutic benefits of Spyre’s product candidates as monotherapies or in combinations, including potency, convenience, durability, and dosing profile, and their extended half-life; potential growth opportunities; and Spyre’s business plans, milestones, strategy and goals. The words "opportunity," "potential," "milestones," "pipeline," "strategy," "anticipate," "believe," "could," "estimate," "expect," "may," "might," "plan," "possible," "predict," "should," "will," "would," and similar expressions (including the negatives of these terms) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on current expectations and beliefs and involve a number of risks and uncertainties, many of which are beyond Spyre’s control, and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties and risks arising from regulatory feedback, including potential disagreement by regulatory authorities with the Company’s interpretation of data and the Company’s clinical trials for its product candidates; the potential for interim data not being delivered within expected time frames or final data not being consistent with or different than the interim data reported for our programs; the potential impact of Trump Administration policies and changes in law on our business; and those uncertainties and factors described in Spyre's most recent Annual Report on Form 10-K, as supplemented and updated by subsequent Quarterly Reports on Form 10-Q and any other filings that Spyre has made or may make with the SEC from time to time. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Spyre does not undertake or accept any duty to make any updates or revisions to any forward-looking statements.
For Investors:
Eric McIntyre, Spyre Therapeutics
SVP of Finance and Investor Relations
[email protected]
For Media:
Josie Butler, 1AB
[email protected]