Phase II

Rare & Genetic

pain 95#2volume 1,045#23

Pain rank 2 of 76, volume rank 23 of 76 by industry trials. Trials here amend about 1.5x and fail enrollment about 1.8x the map median.

What this is worth

The amendment proxy, priced. Order of magnitude, anchor cited, assumptions on the table.

Per 100 industry trials in this cell, about 62 rewrite their eligibility criteria at least once. At the industry average of $450k direct cost per amendment, with the 6+ weeks of delay each not even counted, that is at least $28M at stake per 100 trials. Across the roughly 1,045 industry trials here, the floor is $289M.

If amendments fell by10%$29M30%$87M50%$145M

Assumes $450k direct cost per amendment (industry average; Phase II median runs lower, Phase III higher, and delay cost is excluded), applied to the proxy rate. The proxy counts only trials with at least one eligibility change, so this understates the true exposure. How this is derived.

The signals

Industry sponsors first, since that is the commercial buyer, each figure shown against the map median. All-sponsor figures follow. A trial counts as concluded once it has finished, whether completed, terminated or withdrawn.

Industry sponsors95pain index
Eligibility amendments
62%vs map 40%proxyn = 226sampled
Enrollment failure
24%vs map 13%n = 755concluded
Startup lag
76 dvs map 45.5 dn = 719with dates
Median duration
25.5 mon = 1,028completed
All sponsors90pain index
Eligibility amendments
54%proxyn = 315sampled
Enrollment failure
21%n = 1,357concluded
Startup lag
85 dn = 1,169with dates
Median duration
29.1 mon = 1,817completed
Why these trials stoppedsponsor decision leads

The most common category here is sponsor decision (49 of 184 stopped). A keyword pass runs first; free text it could not place was sorted once by a frozen AI classification into these same categories, auditable rather than a live model. "No enrollment recorded (inferred)" is not a stated reason: it is read from a zero enrollment count, meaning the trial never enrolled anyone. "Not reported" means the sponsor left the field blank, shown rather than hidden.

Sponsor decision49 (27%)
Low accrual30 (16%)
Safety or tolerability27 (15%)
Efficacy or futility23 (13%)
Not reported17 (9%)
Business or funding9 (5%)
Superseded by another study6 (3%)
Other stated reason6 (3%)
External or regulatory4 (2%)
Logistics or operations4 (2%)
No enrollment recorded (inferred)inferred2 (1%)
Feasibility or operational failure2 (1%)
Completed or objective met2 (1%)
Technical or device issue2 (1%)
Never initiated1 (1%)
n = 184terminated or withdrawn
Evidence12 trials

A sample of terminated or withdrawn trials in this cell. Each links to its ClinicalTrials.gov record.

TrialSponsorStatusStated reason
NCT06833931PepGen IncwithdrawnSponsor decision
NCT06739980Inozyme PharmawithdrawnNever initiated
NCT06677307Korro Bio, Inc.terminatedSponsor decision
NCT06515002Boehringer IngelheimterminatedSponsor decision
NCT06147856ModernaTX, Inc.withdrawnLow accrual
NCT06079736PepGen IncterminatedSponsor decision
NCT06067425SanofiterminatedSafety or tolerability
NCT05979831Daiichi SankyoterminatedSponsor decision
NCT05938023Percheron TherapeuticsterminatedEfficacy or futility
NCT05879614Neuren Pharmaceuticals LimitedwithdrawnSponsor decision
NCT05778877Selecta Biosciences, Inc.withdrawnSponsor decision
NCT05665036Sigilon Therapeutics, Inc.withdrawnSponsor decision

Rare & Genetic at other phases