Third Harmonic Bio (THRD) Study Update summary
Event summary combining transcript, slides, and related documents.
Study Update summary
2 Dec, 2025Study design and objectives
Phase I trial of oral KIT inhibitor THB335 in healthy adults included single and multiple ascending dose cohorts, focusing on safety, pharmacokinetics (PK), and pharmacodynamics (PD) as measured by serum tryptase.
Doses ranged from 21 to 164 mg once daily, with most MAD cohorts enrolling women due to exclusion of non-vasectomized males; each cohort had 6 subjects, plus 8 on placebo.
PK showed dose-dependent increases in exposure, long half-life (~40 hours), and a mild positive food effect; doses above 41 mg exceeded KIT IC90 coverage.
PD demonstrated dose-dependent reductions in serum tryptase, with up to 84% reduction at 164 mg by day 15 post-dosing.
Study achieved objectives of characterizing PK, PD, safety, and tolerability in healthy volunteers.
Participant characteristics
Median age ranged from 51.5 to 58 years; majority were White and Hispanic or Latino.
Safety and adverse events
Adverse events were consistent with on-target KIT inhibition: hair color change, hemoglobin decreases, and neutrophil/white blood cell count reductions at higher doses.
Three liver enzyme elevation AEs occurred (two placebo, one active), all resolving without exceeding drug-induced liver injury thresholds and not considered drug-related.
Hemoglobin and neutrophil declines were dose-dependent, resolved in follow-up, and all hemoglobin AEs were grade 1 under CTCAE guidelines.
No discontinuations due to drug-related AEs; all events resolved without intervention.
Severity grading differences between studies attributed to different AE grading scales; most hemoglobin AEs would be grade 1 or 2 by absolute value.
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Morgan Stanley 22nd Annual Global Healthcare Conference22 Jan 2026 - Oral KIT inhibitor THB335 advances toward phase II in CSU, backed by strong efficacy and funding.THRD
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Stifel 2024 Healthcare Conference13 Jan 2026 - THB335 phase I data for urticaria expected Q1 2025, with robust safety and financial backing.THRD
7th Annual Evercore ISI HealthCONx Healthcare Conference11 Jan 2026 - Q3 net loss widened to $13.8M; $296.1M cash supports THB335 clinical progress.THRD
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Q2 202413 Jun 2025 - Board-approved dissolution to return $5.13–$5.33/share after THB335 wind-down and restructuring.THRD
Q1 20256 Jun 2025