other material
confidence high
sentiment negative
materiality 0.85
Relmada Phase 3 Reliance II trial for REL-1017 in MDD deemed futile at interim analysis
RELMADA THERAPEUTICS, INC.
- DMC interim analysis indicates Reliance II is futile, unlikely to meet primary efficacy endpoint with statistical significance.
- No new safety signals reported; DMC did not identify any safety concerns.
- Relmada to evaluate next steps for REL-1017 program; continues development of REL-P11 for metabolic disease.
- Cash and cash equivalents ~$54.1M as of Sep 30, 2024, providing runway.
- Sergio Traversa, CEO, expressed disappointment and gratitude to participants.