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北京时间·🕒 发布 12:21:04·⟳ 抓取 12:21:12 +8s·⚡ 决策 08-06 16:58:52 +4h37m·82.0 天前

信达生物披露 IBI363/TAK-928 在晚线转移性结直肠癌Ⅲ期关键研究首例受试者已给药

该消息确认 IBI363/TAK-928 在 MSS/pMMR 晚线转移性结直肠癌适应症Ⅲ期试验(NCT07722494)完成首例给药,并披露计划入组 550 例,属于明确的研发进展。

📄 原文01801 信达生物↗ 原文
August 6, 2026-SAN FRANCISCO, U.S. and SUZHOU, China,— Innovent Biologics, Inc. (“Innovent”) (HKEX: 01801), a world-cla…
不做 信达生物(01801.HK)
短线交易标准未达成:该条为研发里程碑更新(首例给药+进展披露),缺少可核验的近期收入/付款/里程碑财务增量与直接价格拐点证据,且事件窗口已过且当前为收盘后时点,先观察关键中期/终点数据更符合纪律。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-08-06 · 扩散 low · price-in 风险 medium ↗ ↗

消息传播链

  1. 2026-08-06 12:21 HK首发公司官网一手源原文 ↗
    公司新闻稿首次披露 IBI363/TAK-928 在晚线 CRC 的关键Ⅲ期试验首例给药,并确认试验为随机、多中心、开放标签,计划入组 550 例。
    市场反应:港股后续当日收盘报90.95港元,较前收90.30港元小幅上升
  2. 2026-07-23其他ClinicalTrials.gov非一手原文 ↗
    该试验注册时间先于本稿(7月23日),说明本条为推进节点更新,而非新增适应症/新机制首发。

关键理由

  • 该消息确认 IBI363/TAK-928 在 MSS/pMMR 晚线转移性结直肠癌适应症Ⅲ期试验(NCT07722494)完成首例给药,并披露计划入组 550 例,属于明确的研发进展。
  • 事件对应创新点仍是里程碑披露,当前可核实的规模是试验设计参数(550 例)而非销售、放量或现金流,可量化业绩增量缺口尚未出现。
  • 结合公司市值与规模(市值约1,583.37亿港元),该里程碑短线对股价弹性仍偏长期假设型,未给出可直接落地的财务增量链条。

主要风险

  • 研发阶段事件受试验结果波动影响大,且本轮仅为首例给药与进展确认,距离有效性/生存终点数据公布仍远,先验上更偏预期博弈。
  • 已有 IBI363 相关临床路径披露(含历史 ASCO 数据与阶段推进),若市场将此次视为“进程更新”而非新增硬利好,催化窗口可能快速衰减。

反向证据

  • 做多前查反向 · 来源 kb_search · 日期 2026-08-06 · 影响 none
    未检到该里程碑对应的监管否决、试验终止或试验失败披露;当前只看到历史注册信息与项目更新。
    检索:IBI363 临床试验 监管 hold 失败 负面结果 原文 ↗
  • 做多前查反向 · 来源 kb_search · 影响 weakens
    未查到此次首例给药对应的分成、里程碑付款或已核实销售化进度披露;仍停留在研发里程碑级信息。
    检索:信达生物 IBI363 近期收入增量 里程碑付款 或 商业化承诺 原文 ↗
工具调用 · 历史记录,结果未知(4 种)
  • read_mcp_resource · 结果未知
  • normalize_ticker · 结果未知
  • stock_quote · 结果未知
  • kb_search · 结果未知

原文全文

展开原文 · 12,880 字
August 6, 2026-SAN FRANCISCO, U.S. and SUZHOU, China,— Innovent Biologics, Inc. (“Innovent”) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures, and commercializes high-quality medicines for the treatment of oncology, autoimmune, cardiovascular and metabolic, ophthalmology, and other major diseases, announced that the first patient has been dosed in a pivotal study evaluating IBI363 (Takeda R&D code: TAK-928), a potential first-in-class PD-1/IL-2 α-biased bispecific fusion protein, in combination with bevacizumab versus investigator’s choice of therapy, in patients with advanced colorectal cancer (CRC) that is refractory or intolerant to standard treatment.

This is the third pivotal registrational clinical study initiated for IBI363 and marks a critical step forward for investigational next-generation immuno-oncology (IO) therapies in overcoming colorectal cancer—a classic 'immune-cold' tumor. Previously initiated studies of IBI363 include a pivotal Phase 2 clinical study (NCT07217301) in China for IO-naïve melanoma (acral and mucosal subtypes). A global, multi-center, Phase 3 clinical study (NCT06797297) in IO-resistant squamous non-small cell lung cancer (NSCLC) has also been initiated. As part of a license and collaboration agreement, Innovent and Takeda are co-developing IBI363/TAK-928 globally and will co-commercialize IBI363/TAK-928 in the U.S. Takeda will exclusively commercialize IBI363/TAK-928 worldwide outside of the U.S. and greater China.

This trial (NCT07722494) is a multicenter, randomized, open-label, Phase 3 clinical study designed to evaluate the efficacy and safety of IBI363 in combination with bevacizumab compared with investigator's choice of therapy in patients with advanced colorectal cancer who have failed or are intolerant to standard therapies. A total of 550 patients are planned to be enrolled. The primary endpoint of this study is overall survival (OS). This study is being conducted in China where Innovent holds development and commercialization rights for IBI363/TAK-928.

At the 2025 ASCO Annual Meeting, data from a Phase 1 clinical study of IBI363 for the treatment of advanced colorectal cancer was presented as an oral presentation. IBI363 in combination with bevacizumab demonstrated encouraging efficacy signals and a manageable safety profile. [ link ]

Among patients treated with IBI363 in combination with bevacizumab (n=73), the overall confirmed objective response rate (cORR) was 15.1%, and the disease control rate (DCR) was 61.6%. With a median follow-up of 9.9 months, the progression-free survival (PFS) reached 4.7 months. With a median follow-up of 9.4 months, overall survival (OS) data remained immature, with only 13 events (17.8%) observed.

The overall safety profile was clinically manageable, and no new safety signals were observed. The incidence of Grade 3 or higher treatment-related adverse events (TRAEs) in the combination therapy group was 35.6%. The most common TRAEs were arthralgia, anemia, rash, and hypothyroidism.

Based on updated long-term follow-up data from the above study, IBI363 in combination with bevacizumab was granted Breakthrough Therapy Designation (BTD) by the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA) in May 2026. The proposed indication is for patients with advanced microsatellite stable (MSS) or mismatch repair-proficient (pMMR) colorectal cancer (CRC) who have progressed on  2 lines of prior standard therapy. The updated study results are planned for presentation at a future international academic conference or publication in an international academic journal.

Professor Kefeng Ding from the Second Affiliated Hospital of Zhejiang University School of Medicine , the principal investigator of this study, stated: "Colorectal cancer is a common gastrointestinal malignancy that poses a severe threat to human health. Worldwide, it ranks third in incidence and second in mortality among all malignant tumors 1 . Approximately 86% of colorectal cancers are in an immune-desert or immune-suppressed state, rendering them unresponsive to traditional immune checkpoint inhibitors (ICIs) 2 . For patients with colorectal cancer who have failed standard therapy, treatment options are limited, survival is short, and there remains a huge unmet clinical need 3-5 . As a PD-1/IL-2α-biased bispecific molecule, IBI363's dual antitumor mechanism—blocking PD-1 while stimulating tumor-specific CD8⁺ T cells (TST cells)—holds the promise of turning 'cold' tumors 'hot'. Early data for IBI363 in combination with bevacizumab in late-line treatment have demonstrated encouraging, breakthrough efficacy along with tolerable safety, showing potential to become a novel immunotherapy for colorectal cancer. I will work closely with other investigators to advance and complete this pivotal clinical study, steadily generating high-quality clinical data to provide colorectal cancer patients with a more effective treatment option."

Professor Tao Zhang from Union Hospital, Tongji Medical College, Huazhong University of Science and Technology , the principal investigator of this study, stated: "For patients with advanced colorectal cancer (CRC), treatment options become extremely limited after the failure of second-line or later therapies. In particular, patients with MSS CRC—who represent the vast majority of colorectal cancer cases—are largely insensitive to current immune checkpoint inhibitors. Chemotherapy or anti-angiogenic agents offer limited efficacy and fail to deliver durable disease control, leaving patients in urgent need of effective late-line treatment options. IBI363, featuring a unique PD-1/IL-2 α-biased dual immuno-activation mechanism, holds the potential to overcome the immunosuppressive state of 'cold tumors.' The early clinical data for IBI363 in combination with bevacizumab are highly encouraging. As a clinician, I look forward to the initiation and progress of the Phase 3 clinical study, hoping it will soon bring meaningful treatment choices and renewed hope of survival to patients with late-line colorectal cancer."

Dr. Hui Zhou, Chief R&D Officer (Oncology) of Innovent , stated: "IBI363 represents the evolutionary direction of next-generation immunotherapy—not only potentially improving on the survival benefits of existing IO therapies, but also striving to overcome 'cold' tumors that traditional IO treatments cannot effectively address. Early clinical data demonstrate that IBI363 in combination with bevacizumab achieves significant responses and long-term survival benefits in non-MSI-H/pMMR advanced colorectal cancer, validating its unique mechanism and broad-spectrum potential. Currently, the first batch of core indications for IBI363 has smoothly entered pivotal registration clinical trials. We look forward to offering a new choice for colorectal cancer patients and bringing hope to broader unaddressed areas in immunotherapy."

About MSS/pMMR Colorectal Cancer

Colorectal cancer (CRC) is one of the most common malignancies worldwide, with MSS/pMMR being the predominant subtype, accounting for approximately 95% of advanced CRC cases. For patients with advanced MSS/pMMR CRC who have failed standard therapies, there remains a significant unmet medical need. Treatment options are limited, and prognosis remains poor (mPFS 1.9~5.6 months,mOS 6.4~10.8 months 3-5 ).

About IBI363/TAK-928 (PD-1/IL-2α-biased bispecific fusion protein)

IBI363 is a first-in-class PD-1/IL-2α-biased bispecific antibody fusion protein being co-developed by Innovent Biologics and Takeda(Takeda R&D code: TAK-928). It functions by both blocking the PD-1/PD-L1 pathway and activating the IL-2 pathway. The IL-2 arm of IBI363 is designed to maintain its affinity for IL-2Rα while reducing binding to IL-2Rβ and IL-2Rγ, thereby minimizing toxicity. The PD-1 binding arm not only blocks PD-1 but also selectively delivers IL-2. This approach targets and activates tumor-specific T cells that express both PD-1 and IL-2α, leading to more precise and effective activation of this T cell subpopulation.

IBI363 is being evaluated in a series of clinical trials globally, including:

A pivotal Phase 2 study in China in previously untreated acral and mucosal melanoma

A global, multi-center Phase 3 study in immunotherapy-resistant squamous NSCLC

A pivotal Phase 3 study in China in advanced CRC refractory or intolerant to standard treatment

In parallel, multiple Phase 1b/2 trials are evaluating IBI363 in NSCLC and CRC including the first-line and later line settings, and in additional tumor types.

IBI363 has received two Fast Track Designations (FTD) from the U.S. FDA and three Breakthrough Therapy Designations (BTD) from China NMPA so far.

In October 2025, Innovent entered into a license and collaboration agreement with Takeda, under which Innovent and Takeda will co-develop IBI363/TAK-928 globally and co-commercialize IBI363/TAK-928 in the U.S., and Takeda will exclusively commercialize IBI363/TAK-928 worldwide outside of  the U.S. and greater China.

About Innovent Biologics

Innovent is a leading biopharmaceutical company founded in 2011 with the mission to empower patients worldwide with affordable, high-quality biopharmaceuticals. The company discovers, develops, manufactures and commercializes innovative medicines that target some of the most intractable diseases. Its pioneering therapies treat cancer, cardiovascular and metabolic, autoimmune and eye diseases. Innovent has launched 19 products in the market. It has 1 asset under NMPA review, 5 assets in phase 3 or pivotal clinical trials, and 14 more molecules in early clinical stage. Innovent partners with over 30 global healthcare companies, including Eli Lilly, Roche, Takeda, Pfizer, Sanofi, Incyte, LG Chem and MD Anderson Cancer Center.

Guided by the motto, "Start with Integrity, Succeed through Action," Innovent maintains the highest standard of industry practices and works collaboratively to advance the biopharmaceutical industry so that first-rate pharmaceutical drugs can become widely accessible.

For more information, visit  www.innoventbio.com , or follow Innovent on  Facebook  and  LinkedIn .

Statement: Innovent does not recommend the use of any unapproved drug (s)/indication (s).
Ramucirumab Injection (Cyramza ® ), Selpercatinib Capsules (Retsevmo ® ), Pirtobrutinib Tablets (Jaypirca ® ) and abemaciclib (Verzenios ® ) are products discovered and developed by Eli Lilly.

Forward-looking statement

This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Innovent, are intended to identify certain of such forward-looking statements. Innovent does not intend to update these forward-looking statements regularly.

These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections and understandings of the management of Innovent with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond Innovent's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, Innovent's competitive environment and political, economic, legal and social conditions.

Innovent, the Directors and the employees of Innovent assume (a) no obligation to correct or update the forward-looking statements contained in this site; and (b) no liability in the event that any of the forward-looking statements does not materialize or turn out to be incorrect.

Contact:

Media:

pr@innoventbio.com

+86 512-6956 6088

Investors:

ir@innoventbio.com

+86 512-6956 6088

References:

GLOBOCAN 2024.

Huyghe N, et al. Biomarkers of Response and Resistance to Immunotherapy in Microsatellite Stable Colorectal Cancer: Toward a New Personalized Medicine. Cancers (Basel). 2022 Apr 29;14(9):2241.

Regorafenib monotherapy for previously treated metastatic colorectal cancer (CORRECT): an international, multicentre, randomised, placebo-controlled, phase 3 trial. Grothey, Axel et al. The Lancet, Volume 381, Issue 9863, 303 – 312.

Li J, Qin S, Xu R, et al. Effect of Fruquintinib vs Placebo on Overall Survival in Patients With Previously Treated Metastatic Colorectal Cancer: The FRESCO Randomized Clinical Trial. JAMA. 2018;319(24):2486–2496. doi:10.1001/jama.2018.7855.

Prager G et al. Trifluridine-Tipiracil and Bevacizumab in Refractory Metastatic Colorectal Cancer. N Engl J Med. 2023 May 4;388(18):1657-1667.

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