Filed by Homology Medicines, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Homology Medicines, Inc.
Filers SEC File No.: 001-38433
Date: November 16, 2023
Q32 Bio Regains
Worldwide Rights to Bempikibart (ADX-914) from Amgen
Q32 Bio now wholly owns
development and commercialization rights to the anti-IL-7Rα antibody, currently being evaluated in two Phase 2 trials for atopic dermatitis (AD) and alopecia areata
(AA)
Re-acquisition bolsters Q32 Bios autoimmune product portfolio and
broadens strategic opportunities
WALTHAM, Mass. Nov. 16, 2023 Q32 Bio, a clinical stage biotechnology company developing biologic
therapeutics to restore immune homeostasis, today announced that it will regain full development and commercial rights to bempikibart (previously known as ADX-914) from Amgen.
In 2022, Q32 Bio and Horizon Therapeutics (Horizon) entered into a collaboration and option agreement to develop bempikibart in autoimmune diseases. Under the
terms of the agreement, Q32 Bio received $55 million in initial consideration and staged development funding for the completion of the two ongoing Phase 2 trials, subsequent to which Horizon had an option to acquire the program at a
prespecified price. Following the recent closing of Amgens acquisition of Horizon earlier this quarter, Q32 Bio has entered into an agreement to re-acquire all of Horizons rights to bempikibart.
Bempikibart is a fully human anti-IL-7Rα antibody that re-regulates adaptive immune function by blocking signaling mediated by both IL-7 and TSLP and is currently being evaluated in two Phase 2 trials, with one clinical trial
evaluating the use in atopic dermatitis (AD) and one evaluating the use in alopecia areata (AA). All data from the Phase 2 trials remain blinded and Q32 Bio remains on track to report topline Phase 2 results in the second half of 2024.
We are very excited to regain rights to bempikibart as we advance the program in the ongoing Phase 2 programs, said Jodie Morrison, Chief
Executive Officer of Q32 Bio. Through its blockade of IL-7 and TSLP, we believe bempikibart has the potential to bring a differentiated, disease-modifying alternative to the treatment of high unmet need
autoimmune and inflammatory diseases. We are committed to advancing bempikibart expeditiously through both the AD and AA Phase 2 clinical trials and look forward to unblinding the ongoing clinical trials and releasing topline data in the second half
of next year.
Under the terms of the re-acquisition agreement with Amgen, Q32 Bio retains the initial
consideration and all development funding received. Q32 Bio will pay Amgen a milestone upon the first regulatory approval and subsequent downstream commercial milestones based on annual net sales thresholds.
About Q32 Bio
Q32 Bio is a clinical stage biotechnology
company developing biologic therapeutics targeting potent regulators of the innate and adaptive immune systems to re-balance immunity in autoimmune and inflammatory diseases. Q32 Bios lead programs,
focused on the IL-7 / TSLP receptor pathways and complement system, address immune dysregulation to help patients take back control of their lives.
The companys wholly owned bempikibart (ADX-914) is a fully human anti-IL-7Rα antibody that re-regulates adaptive immune function and is being developed for the treatment of autoimmune diseases, including Phase 2 trials in atopic
dermatitis and alopecia areata. The IL-7 and TSLP pathways have been genetically and biologically implicated in driving several T cell-mediated pathological processes in numerous autoimmune diseases.