Divesiran Delivers a Decisive Phase 2 Win in Polycythemia Vera: 88% Response Rate vs 19% for Placebo
SLN has more than doubled off its 52-week low of $4.19.
Summary
Silence Therapeutics announced that its siRNA candidate divesiran met the primary endpoint in the Phase 2 SANRECO trial for polycythemia vera, delivering an 88% response rate versus 19% for placebo. Both dosing schedules proved effective, safety was clean, and a Phase 3 trial is planned for 1H 2027.
Key Events · Product Development and Regulatory · SLN
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Primary Endpoint Met with 88% Response Rate
During weeks 18‑36, 88% of divesiran‑treated patients achieved hematocrit control without phlebotomy, compared to 19% on placebo (p<0.0001). The placebo‑adjusted response rate was 69%.
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Both Dose Groups Showed Strong Efficacy
Response rates reached 93.8% for every‑six‑week dosing and 81.3% for every‑twelve‑week dosing, supporting the convenience of quarterly administration.
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Key Secondary Endpoint Also Met
Mean phlebotomies per patient were 0.2 for divesiran versus 2.1 for placebo (p<0.0001), demonstrating a dramatic reduction in the need for therapeutic blood draws.
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Clean Safety Profile
Divesiran was well tolerated with no new safety findings. Injection site reactions were infrequent and self‑limiting; only two grade 1 anemia cases were reported.
Analysis · SLN · Life Sciences
A landmark clinical readout for Silence Therapeutics: divesiran achieved a decisive Phase 2 victory in polycythemia vera, with 88% of treated patients meeting the primary endpoint of hematocrit control without phlebotomy, compared to just 19% on placebo. Robust efficacy was observed across both every‑six‑week and every‑twelve‑week dosing schedules, and the drug was well tolerated with no new safety signals. These results position divesiran as a potential best‑in‑class siRNA therapy in a market where Jakafi already generates approximately $1 billion annually despite its limitations. The company plans to initiate a Phase 3 trial in the first half of 2027, following an end‑of‑Phase‑2 meeting by year‑end. This is the most important clinical readout in Silence's history and materially de‑risks the pipeline.
At the time of this filing, SLN was trading at $16.05 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $564.5M. The 52-week trading range was $4.19 to $12.31. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.