Septerna, Inc. (SEPN)
NASDAQ: SEPN · Real-Time Price · USD
24.28
-0.82 (-3.25%)
At close: Apr 28, 2026, 4:00 PM EDT
24.29
+0.02 (0.06%)
After-hours: Apr 28, 2026, 4:10 PM EDT

Septerna Earnings Call Transcripts

Fiscal Year 2026

  • SEP-631 showed strong phase I safety and efficacy, supporting once-daily dosing and a phase II trial in CSU later this year. SEP-479, an oral PTH agonist, is entering clinical trials after promising preclinical results. Chronic tox studies and additional indications are advancing.

  • Study result

    SEP-631 demonstrated a favorable safety profile and robust, dose-dependent inhibition of MRGPRX2 signaling in a phase I trial, supporting once-daily oral dosing without food restrictions. These results validate clinical proof of mechanism and support advancement into phase II studies for chronic spontaneous urticaria and other mast cell-driven diseases.

  • The company leverages its Native Complex Platform to rapidly advance a diverse GPCR-targeted pipeline, with lead programs SEP-479 and SEP-631 progressing toward key clinical milestones. Strong financials, strategic collaborations, and robust IP underpin a focus on high unmet needs in endocrinology and immunology.

Fiscal Year 2025

  • The company presented progress on its GPCR-focused pipeline, highlighting SEP-479 for hyperparathyroidism and SEP-631 for mast cell diseases, both advancing toward key clinical milestones in 2024. A TSHR NAM program is also progressing, with Graves' disease as the initial target.

  • The summit highlighted progress on two lead programs: SEP-631, a once-daily oral MRGPRX2 inhibitor in phase I for mast cell diseases, and SEP-479, a PTH1 receptor agonist for hypoparathyroidism expected to enter the clinic next year. Additional pipeline and partnership updates were shared.

  • A novel GPCR drug discovery platform is advancing multiple programs, including SEP-479 for hyperparathyroidism and SEP-631 for mast cell diseases, both with strong preclinical and early clinical progress. A major Novo Nordisk collaboration and robust cash position support continued pipeline growth.

  • SEP-479, a next-generation PTH receptor agonist, showed strong preclinical efficacy and safety, with phase one trials planned for next year. SEP-631, targeting MRGPRX2, is in phase one with a broad indication strategy. A major Novo Nordisk partnership supports expansion into metabolic diseases.

  • The presentation highlighted a robust GPCR-focused drug discovery platform, major updates on SEP-479 for hypoparathyroidism with improved efficacy and safety, and progress on SEP-631 for mast cell diseases. Strong financials and strategic partnerships support a broad, advancing pipeline.

  • The presentation highlighted a robust GPCR-focused drug discovery platform, with multiple programs advancing in endocrinology, immunology, and metabolic disease. Next-generation candidates are progressing toward clinical trials, and a major Novo Nordisk collaboration strengthens financial runway and R&D capacity.

  • A novel GPCR-focused platform enables rapid drug discovery, advancing four programs targeting major unmet needs in endocrinology, immunology, and metabolic diseases. Lead asset SEP786 is in phase 1 with data expected mid-year, and the company is well-funded through 2027.

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