US pharma giant Pfizer (NYSE: PFE) today announced positive top-line results from a second Phase III study of etrasimod, an investigational, oral, once-a-day, selective sphingosine 1-phosphate (S1P) receptor modulator in development for the treatment of moderately to severely active ulcerative colitis (UC).
The positive 12- and 52-week results from ELEVATE UC 52 follow the recent announcement of positive 12-week findings from the ELEVATE UC 12 trial last month.
Etrasimod was picked up in its $6.7 billion buy of Arena Pharmaceuticals, announced only in December.
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