Positive Phase 1 Results for SEP-631 in Chronic Urticaria
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
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Should l Buy SEPN?
Source: Newsfilter
- Successful Clinical Trial: SEP-631 demonstrated favorable tolerability in a Phase 1 trial with healthy volunteers, showing no severe adverse events and a safety profile comparable to placebo, indicating its potential as an oral treatment option.
- Dose-Dependent Inhibition: Complete inhibition of icatibant-induced skin wheal formation was observed at a dose as low as 10 mg, with stronger suppression at higher doses, highlighting its effectiveness in treating mast cell-driven diseases.
- Phase 2 Development Plan: The company plans to initiate a Phase 2b clinical trial for chronic spontaneous urticaria in the second half of 2026, aiming to evaluate the efficacy of SEP-631 in patients with moderate-to-severe symptoms, thereby expanding its market application.
- Exploration of Multiple Indications: Beyond urticaria, Septerna is assessing the treatment potential of SEP-631 in other mast cell-driven diseases, including atopic dermatitis and asthma, showcasing the broad applicability of its product.
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Analyst Views on SEPN
Wall Street analysts forecast SEPN stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.670
Low
25.00
Averages
33.14
High
43.00
Current: 24.670
Low
25.00
Averages
33.14
High
43.00
About SEPN
Septerna, Inc. is a clinical-stage biotechnology company. The Company is developing G protein-coupled receptor (GPCR) oral small-molecule drug discovery powered by its proprietary Native Complex Platform. Its pipeline of product candidates is focused on treating patients in three therapeutic areas: endocrinology, immunology and inflammation, and metabolic diseases. Its industrial-scale Native Complex Platform is designed to target certain GPCRs for the first time, uncover novel binding pockets for validated receptors, and pursue a wide spectrum of pharmacologies, including agonists, antagonists, and allosteric modulators, to achieve desired therapeutic effects. It is advancing a deep portfolio of oral small molecule GPCR-targeted programs with novel mechanistic approaches to treat diseases across multiple therapeutic areas for patients with unmet needs. It is focused on therapeutic areas, such as neurology, women’s health, cardiovascular, and respiratory disease.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Positive Future Outlook: With the Phase 1 readout of SEP-631 approaching, Septerna anticipates a key market driver in 2026, which could further boost the company's stock price and market recognition.
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- Clinical Trial Success: Septerna's SEP-631 demonstrated good tolerability and pharmacokinetic characteristics in its Phase 1 clinical trial for mast cell-driven diseases, supporting once-daily oral dosing with a half-life of 24 hours, indicating its potential for treating chronic spontaneous urticaria and other conditions.
- Efficacy Validation: At a dose of 10 mg, SEP-631 showed significant suppression of skin wheal formation, with nearly complete inhibition observed at 90 mg and 200 mg doses, demonstrating a dose-dependent response that further validates its application in mast cell-driven diseases.
- Follow-Up Research Plans: Based on the positive Phase 1 results, Septerna plans to initiate a Phase 2b clinical trial for chronic spontaneous urticaria in the second half of 2023, aiming to evaluate the efficacy of SEP-631 in adult patients who remain symptomatic despite treatment with second-generation antihistamines.
- Multiple Indication Exploration: In addition to chronic spontaneous urticaria, Septerna is also exploring the efficacy of SEP-631 in other mast cell-driven diseases, including atopic dermatitis, interstitial cystitis, migraine, and asthma, showcasing its broad market potential.
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