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Phanes Therapeutics Completes Enrollment for Pancreatic Cancer Trial

San Diego-based Phanes Therapeutics has finished recruiting patients for its Phase 2 clinical trial of spevatamig, a bispecific antibody being tested alongside standard chemotherapy as a first-line treatment for metastatic pancreatic ductal adenocarcinoma. The milestone marks a push to find durable responses for one of oncology’s most stubborn diagnoses.

Phanes Therapeutics Completes Enrollment for Pancreatic Cancer Trial
Photo: Bio & News

The ongoing TWINPEAK study evaluates the drug's safety and efficacy across several gastrointestinal cancers, with initial data presented at the 2026 American Society of Clinical Oncology meeting. Researchers observed promising signals at the 2 mg/kg dose level, while the 3 mg/kg cohort continues to provide safety and tolerability metrics. Topline results for this specific pancreatic cancer group are expected by the end of 2026.

Spevatamig functions as an innate immunity enhancer, a class of drugs designed to activate macrophages and dendritic cells to target "cold tumors" that typically evade traditional immune checkpoint inhibitors. According to CEO Ming Wang, the molecule was engineered in San Diego to avoid the hematological toxicity that hindered earlier CD47-targeting therapies. Given its orphan drug and Fast Track designations from the FDA, the company views this trial as a potential turning point for patients facing limited treatment options beyond systemic chemotherapy.

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