Exhibit 99.1
Viridian Therapeutics Highlights Recent Progress and Reports Fourth Quarter and Full Year 2024 Financial Results
- Reported positive topline phase 3 data for veligrotug from both THRIVE and THRIVE-2 in patients
with active and chronic thyroid eye disease (TED); veligrotug has the potential to transform the standard of care in TED with a differentiated clinical profile achieved with fewer infusions; Biologics License Application (BLA) submission on track
for second half of 2025 -
- REVEAL-1 and REVEAL-2,
phase 3 clinical trials assessing Q4W or Q8W subcutaneous (SC) VRDN-003 in active and chronic TED, progressing as planned and on track for topline data for both trials in the first half of 2026 -
- Proof-of-concept IgG reduction clinical data in healthy
volunteers anticipated in the third quarter of 2025 for VRDN-006, an Fc fragment inhibitor of the neonatal Fc receptor (FcRn) -
- VRDN-008, a bispecific FcRn inhibitor with an extended half-life, expected to have additional
preclinical data in 2025 with an Investigational New Drug (IND) submission planned for year-end 2025 -
- Viridian appoints Radhika Tripuraneni, M.D., to the role of Chief Medical Officer -
- Strong cash position of $717.6 million as of December 31, 2024; provides cash runway into the second half of 2027 -
WALTHAM, Mass.February 27, 2025Viridian Therapeutics, Inc. (NASDAQ: VRDN), a biotechnology company focused on discovering, developing and
commercializing potential best-in-class medicines for serious and rare diseases, today reported recent business highlights and financial results for the fourth quarter
and full year ended December 31, 2024.
We made tremendous progress in 2024 which was capped off by the positive and better-than-expected
pivotal data for our lead TED program veligrotug in active and chronic TED, and advancing towards the clinic with an IND submission for our lead FcRn inhibitor program VRDN-006, said Steve Mahoney,
Viridians President and CEO. The veligrotug BLA submission is on track for 2H 2025 and our early commercial preparations are underway. In the new start TED market, we are excited about the potential for veligrotug to become the treatment-of-choice for patients. Our team executed throughout 2024, enrolling over 400 TED patients in veligrotug clinical trials, and we are carrying that momentum into our
REVEAL studies, the phase 3 clinical trials for our potential best-in-class subcutaneous VRDN-003. Both REVEAL studies are on
track to report topline data in the first half of 2026, which would enable a BLA submission by the end of 2026.
Turning to our FcRn inhibitor
portfolio, we anticipate proof-of-concept data in healthy volunteers, including IgG reduction, in Q3 2025. We also continue to advance our bispecific, half-life
extended, potential best-in-class VRDN-008 program and anticipate sharing additional data from the ongoing VRDN-008 preclinical studies later this year. Building on the execution success of 2024, we are excited to continue delivering important catalysts across both our TED and FcRn portfolios.