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Akero Therapeutics Announces Lancet Publication of the Phase 2b HARMONY Clinical Trial Demonstrating 96 Weeks Treatment with EFX Reduced Liver Fibrosis in Patients with Pre-cirrhotic MASH

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Akero Therapeutics (Nasdaq: AKRO) published 96-week results from its Phase 2b HARMONY trial in The Lancet, evaluating efruxifermin (EFX) in patients with pre-cirrhotic MASH. The trial demonstrated significant efficacy with 49% of patients receiving 50mg EFX achieving at least one stage fibrosis improvement compared to 19% for placebo.

Key findings include 40% and 37% of patients achieving MASH resolution in the 28mg and 50mg groups respectively, versus 19% for placebo. The composite endpoint of MASH resolution and fibrosis improvement was met by 35% and 28% of participants in the 50mg and 28mg groups. Notably, 92% of week 24 responders maintained their response at week 96.

EFX was generally well-tolerated, with mainly mild to moderate gastrointestinal events reported. The results support EFX's potential to reduce disease progression in MASH patients.

Akero Therapeutics (Nasdaq: AKRO) ha pubblicato su The Lancet i risultati a 96 settimane del trial di fase 2b HARMONY, che ha valutato efruxifermin (EFX) in pazienti con MASH precirrotica. Lo studio ha mostrato un’efficacia significativa con il 49% dei pazienti trattati con 50 mg di EFX che ha ottenuto un miglioramento di almeno uno stadio di fibrosi, rispetto al 19% per il placebo.

I principali risultati includono il 40% e il 37% dei pazienti che hanno raggiunto la risoluzione della MASH nei gruppi 28 mg e 50 mg rispettivamente, contro il 19% nel gruppo placebo. L'endpoint composito di risoluzione della MASH e miglioramento della fibrosi è stato raggiunto dal 35% e 28% dei partecipanti nei gruppi 50 mg e 28 mg. Da notare che il 92% dei responder a settimana 24 ha mantenuto la risposta alla settimana 96.

EFX è stato generalmente ben tollerato, con eventi gastrointestinali prevalentemente lievi o moderati. I risultati supportano il potenziale di EFX nel ridurre la progressione della malattia nei pazienti con MASH.

Akero Therapeutics (Nasdaq: AKRO) publicó en The Lancet los resultados a 96 semanas del ensayo fase 2b HARMONY, que evaluó efruxifermin (EFX) en pacientes con MASH precirrótica. El ensayo demostró eficacia significativa, con un 49% de los pacientes que recibieron 50 mg de EFX logrando al menos una mejora de un estadio de fibrosis, frente al 19% con placebo.

Los hallazgos clave incluyen que el 40% y el 37% de los pacientes lograron la resolución de la MASH en los grupos de 28 mg y 50 mg respectivamente, frente al 19% del placebo. El endpoint compuesto de resolución de MASH y mejora de la fibrosis se cumplió en el 35% y 28% de los participantes en los grupos de 50 mg y 28 mg. Cabe destacar que el 92% de los respondedores a la semana 24 mantuvo su respuesta en la semana 96.

EFX fue generalmente bien tolerado, con eventos gastrointestinales principalmente leves a moderados. Los resultados respaldan el potencial de EFX para reducir la progresión de la enfermedad en pacientes con MASH.

Akero Therapeutics (Nasdaq: AKRO)� The Lancet� Phase 2b HARMONY 시험� 96� 결과� 발표했으�, � 연구� 간경변 전단� MASH 환자에서 에프룩시퍼민(EFX)� 평가했습니다. 해당 시험은 50mg EFX 투여군의 49%가 섬유화가 최소 � 단계 이상 호전되는 � 유의� 유효성을 보였�, 위약군은 19%� 그쳤습니�.

주요 결과로는 28mg � 50mg 군에� 각각 40%와 37%� 환자가 MASH 관해를 달성� 반면 위약군은 19%였다는 점이 있습니다. MASH 관� � 섬유� 호전� 복합적으� 평가� 종료점은 50mg � 28mg 군에� 각각 35%와 28%� 참가�가 충족했습니다. 주목� 점으� 24� 시점� 반응� � 92%가 96� 시점에도 반응� 유지했습니다.

EFX� 주로 경증에서 중등도의 위장관� 이상반응� 보였으며 전반적으� 내약성이 양호했습니다. � 결과� MASH 환자에서 질병 진행� 저지� � 있는 EFX� 잠재력을 지지합니�.

Akero Therapeutics (Nasdaq: AKRO) a publié dans The Lancet les résultats à 96 semaines de l'essai de phase 2b HARMONY, évaluant l'efruxifermin (EFX) chez des patients atteints de MASH précirrhotique. L'essai a montré une efficacité significative, avec 49% des patients ayant reçu 50 mg d'EFX présentant une amélioration d'au moins un stade de la fibrose contre 19% pour le placebo.

Les résultats clés incluent 40% et 37% des patients obtenant la résolution de la MASH dans les groupes 28 mg et 50 mg respectivement, contre 19% pour le placebo. Le critère composite de résolution de la MASH et d'amélioration de la fibrose a été atteint par 35% et 28% des participants dans les groupes 50 mg et 28 mg. Notamment, 92% des répondeurs à la semaine 24 ont maintenu leur réponse à la semaine 96.

EFX a été généralement bien toléré, avec principalement des événements gastro-intestinaux légers à modérés. Ces résultats soutiennent le potentiel de l'EFX pour réduire la progression de la maladie chez les patients atteints de MASH.

Akero Therapeutics (Nasdaq: AKRO) veröffentlichte in The Lancet die 96-Wochen-Ergebnisse der Phase-2b-Studie HARMONY, in der Efruxifermin (EFX) bei Patienten mit präzirrotischer MASH geprüft wurde. Die Studie zeigte eine signifikante Wirksamkeit, wobei 49% der Patienten, die 50 mg EFX erhielten, eine Verbesserung der Fibrose um mindestens ein Stadium erzielten, verglichen mit 19% unter Placebo.

Wesentliche Ergebnisse sind, dass 40% bzw. 37% der Patienten eine MASH-Heilung erreichten in den 28-mg- bzw. 50-mg-Gruppen, gegenüber 19% im Placebo. Der zusammengesetzte Endpunkt aus MASH-Heilung und Fibroseverbesserung wurde von 35% bzw. 28% der Teilnehmer in den 50-mg- bzw. 28-mg-Gruppen erreicht. Bemerkenswert ist, dass 92% der Woche-24-Ansprecher ihre Antwort in Woche 96 beibehielten.

EFX wurde insgesamt gut vertragen; hauptsächlich leichte bis mäßige gastrointestinale Ereignisse wurden berichtet. Die Ergebnisse stützen das Potenzial von EFX, das Fortschreiten der Erkrankung bei MASH-Patienten zu verlangsamen.

Positive
  • 49% of patients on 50mg EFX achieved fibrosis improvement vs 19% for placebo (p=0.0030)
  • 92% of week 24 responders maintained their response at week 96
  • 35% of 50mg EFX group achieved both MASH resolution and fibrosis improvement vs 7% placebo
  • Sustained reductions in fibrosis and improvements in whole body metabolic health observed
Negative
  • Higher treatment discontinuation rate in EFX groups compared to placebo
  • Small reduction in bone mineral density observed after 96 weeks of treatment
  • Gastrointestinal adverse events reported in treatment groups

Insights

Akero's 96-week HARMONY trial shows impressive fibrosis improvement with EFX in pre-cirrhotic MASH patients, approaching disease reversal in one-third of high-dose recipients.

The 96-week HARMONY trial results for efruxifermin (EFX) represent a significant advancement in MASH therapeutics. The trial demonstrated that 49% of patients receiving the 50mg dose achieved at least one stage of fibrosis improvement without worsening MASH, compared to just 19% for placebo (p=0.0030). This is particularly noteworthy as fibrosis improvement is the histological endpoint most strongly associated with reduced clinical outcomes in MASH.

The durability of response is especially compelling � 92% of week-24 responders maintained their response at week 96, while 63% of initial non-responders became responders with continued treatment. This suggests EFX may provide cumulative benefits with extended therapy, contrary to many treatments that plateau or lose efficacy over time.

The composite endpoint results are perhaps most impressive, with 35% of 50mg patients achieving both MASH resolution and fibrosis improvement versus just 7% for placebo (p=0.0013). This approaches disease reversal � a remarkable outcome in a condition historically resistant to pharmacological intervention.

The metabolic improvements beyond liver histology (reduced dyslipidemia, increased insulin sensitivity) reflect EFX's FGF21 analogue mechanism addressing the multisystem dysfunction underlying MASH. The consistent safety profile, primarily limited to gastrointestinal events, is reassuring, though the bone mineral density findings warrant monitoring in longer studies.

These results, combined with previously reported efficacy in MASH cirrhosis (SYMMETRY trial), position EFX as potentially the first agent capable of addressing the full spectrum of MASH severity, including those with advanced fibrosis at highest risk for liver-related complications.

Results support potential of efruxifermin (EFX) to reduce risk of fibrosis progression in patients with pre-cirrhotic (F2-F3) MASH

SOUTH SAN FRANCISCO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Akero Therapeutics, Inc. (Nasdaq: AKRO), a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, today announced publication of 96-week results from the Phase 2b HARMONY trial in The Lancet.

The publication reports final results from HARMONY, a 96-week multicenter, randomized, double-blind, placebo-controlled trial that evaluated efruxifermin (EFX) in adults with biopsy-confirmed metabolic dysfunction-associated steatohepatitis (MASH) and moderate (F2) or advanced (F3) fibrosis. Continued treatment with EFX from 24 to 96 weeks resulted in more participants exhibiting improvements in fibrosis and MASH, such that there was near complete reversal of disease in almost one-third of participants treated with the 50mg dose of EFX. EFX-treated participants also exhibited improvements in markers of liver injury and whole-body metabolic health.

“The HARMONY results published in The Lancet provide encouraging evidence of EFX’s potential to reverse liver fibrosis and resolve steatohepatitis in patients with pre-cirrhotic MASH. The sustained and increased magnitude of response observed with longer treatment underscores the importance of therapies capable of longer-term use to address the underlying drivers of MASH,� said Kitty Yale, chief development officer at Akero. “These results, combined with the exciting topline data from the 96-week SYMMETRY trial that demonstrated significant disease reversal in participants with cirrhosis due to MASH, paint an encouraging picture of the potential for EFX to transform patient outcomes, especially in those with a high fibrosis burden and greater risk of hepatic decompensation.�

In the modified intent-to-treat (mITT) population at week 96, 49% of participants who received 50mg EFX achieved at least one stage fibrosis improvement without worsening of MASH evaluated by liver histology (the primary endpoint), compared to 19% for placebo (p=0.0030). This improvement was confirmed by digital pathology and corroborated by improvements in non-invasive markers, including liver stiffness and ELF score. Notably, fibrosis improvements were also observed in people with more advanced disease. The primary endpoint was analyzed in the mITT population (all randomized participants who received at least one dose of study drug) with missing biopsies imputed as non-responders.

The secondary endpoint of MASH resolution without fibrosis worsening was achieved by 40% of participants receiving 28mg EFX and 37% receiving 50mg EFX in the mITT population at week 96, compared to 19% for placebo (p=0.020 and p=0.039, respectively). A composite endpoint of both MASH resolution and �1-stage fibrosis improvement was met by 35% and 28% of participants in the 50mg and 28mg EFX treatment groups, respectively, versus 7% for placebo (p=0.0013 and p=0.0065, respectively).

Analysis of primary endpoint responders at week 24 and week 96 in the 50mg EFX group indicated that almost all (92%) week 24 responders maintained their response status at week 96, while a majority (63%) of week 24 non-responders became responders at week 96.

EFX was generally well tolerated, with a safety profile consistent with previous trials. The most frequent adverse events were mild to moderate gastrointestinal events (e.g., diarrhea, nausea, increased appetite), which occurred at similar rates in the 28mg and 50mg groups. The rate of treatment discontinuation was similar for both doses but was greater than that for placebo. A small reduction in bone mineral density compared with placebo was observed after 96 weeks of EFX treatment. The relevance of this observation remains to be determined, as poor or declining bone health is common in adults with MASH.

The sustained reductions in fibrosis as well as MASH, the underlying disease driver, observed in this trial reflects an overall improvement in whole body metabolic health as evident by reduced dyslipidemia and increased insulin sensitivity. Furthermore, the magnitude of fibrosis improvement supports the potential of EFX to reduce disease progression and improve clinical outcomes, even in patients with high fibrosis burden. Confirmation of these potential benefits of EFX is being evaluated in the ongoing Phase 3 SYNCHRONY clinical trial program.

About EFX

Efruxifermin (EFX), Akero’s lead product candidate for MASH, is currently being evaluated in three ongoing Phase 3 studies. In multiple Phase 2 studies, EFX has been observed to reverse fibrosis (including compensated cirrhosis), resolve MASH, reduce non-invasive markers of fibrosis and liver injury, and improve insulin sensitivity and lipoprotein profile. This holistic profile offers the potential to address the complex, multi-system disease state of all stages of MASH, including improvements in multiple risk factors linked to cardiovascular disease � the leading cause of death among MASH patients. Engineered to mimic the biological activity profile of native FGF21, EFX is designed to offer convenient once-weekly dosing and has been generally well-tolerated in clinical trials to date.

About MASH

MASH is a serious form of MASLD that is estimated to affect 17 million Americans. MASH is characterized by excess fat accumulation in the liver that causes stress and injury to liver cells, leading to inflammation and fibrosis, which can progress to cirrhosis, liver failure, cancer, and death. Approximately 20% of patients with MASH will progress to cirrhosis, which has a higher

risk of mortality. There are no approved treatments for cirrhosis due to MASH and MASH is the fastest growing cause of liver transplants and liver cancer in the US and Europe.

About HARMONY

HARMONY was a Phase 2b multicenter, randomized, double-blind, placebo-controlled trial in adult participants with biopsy-confirmed MASH and fibrosis stage 2 or 3. The trial enrolled and randomized 128 patients to once-weekly subcutaneous dosing of 28mg or 50mg EFX, or placebo for 96 weeks, 126 of whom received at least one dose of study drug and were included in the modified intent to treat (mITT) population. The primary efficacy endpoint was the proportion of participants with �1-stage fibrosis improvement without worsening of MASH. The trial continued for up to 96 weeks. Secondary endpoints included MASH resolution without fibrosis worsening, improvement in liver fibrosis, change from baseline in noninvasive markers of liver injury and fibrosis, glycemic control, lipoproteins, and body weight as well as safety and tolerability.

About Akero Therapeutics

Akero Therapeutics is a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, including metabolic dysfunction-associated steatohepatitis (MASH). Akero’s lead product candidate, efruxifermin (EFX), is currently being evaluated in three ongoing Phase 3 clinical studies: SYNCHRONY Histology in patients with pre-cirrhotic (F2-F3 fibrosis) MASH, SYNCHRONY Outcomes in patients with compensated cirrhosis (F4) due to MASH, and SYNCHRONY AG˹ٷ-World in patients with MASH or MASLD (metabolic dysfunction-associated steatotic liver disease). The Phase 3 SYNCHRONY program builds on the results of two Phase 2b clinical trials, the HARMONY study in patients with pre-cirrhotic MASH and the SYMMETRY study in patients with compensated cirrhosis due to MASH. Akero is headquartered in South San Francisco. Visit us at  and follow us on  Ի for more information.

Forward Looking Statements

Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, statements regarding Akero’s business plans and objectives, including the ongoing Phase 3 SYNCHRONY clinical trial; and the potential therapeutic effects and anti-fibrotic activity of EFX, as well as the dosing, safety and tolerability of EFX. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking

statements. Risks that contribute to the uncertain nature of the forward-looking statements include: the success, cost, and timing of Akero’s product candidate development activities and planned clinical trials; Akero’s ability to execute on its strategy; positive results from any of its clinical studies may not necessarily be predictive of the results of future or ongoing clinical studies; regulatory developments in the United States and foreign countries; Akero’s ability to fund operations; as well as those risks and uncertainties set forth more fully under the caption "Risk Factors'' in Akero’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission (SEC) as well as discussions of potential risks, uncertainties and other important factors in Akero’s other filings and reports with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Akero undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Contact:
Christina Tartaglia
Precision AQ
212.362.1200

Media Contact:
Peg Rusconi
Deerfield Group
617.910.6217


FAQ

What were the main results of Akero's HARMONY trial for EFX in MASH patients?

The trial showed that 49% of patients receiving 50mg EFX achieved fibrosis improvement compared to 19% for placebo, with 92% of week 24 responders maintaining their response at week 96.

What is the safety profile of Akero's EFX treatment for MASH?

EFX was generally well-tolerated with mainly mild to moderate gastrointestinal events. However, there was a higher discontinuation rate versus placebo and a small reduction in bone mineral density was observed.

How effective was EFX in achieving MASH resolution in the HARMONY trial?

40% of patients on 28mg EFX and 37% on 50mg achieved MASH resolution without fibrosis worsening, compared to 19% for placebo.

What percentage of AKRO's trial participants achieved both MASH resolution and fibrosis improvement?

35% of participants in the 50mg group and 28% in the 28mg group achieved both MASH resolution and fibrosis improvement, compared to 7% for placebo.

What are the next steps for Akero's EFX treatment?

The potential benefits of EFX are currently being evaluated in the ongoing Phase 3 SYNCHRONY clinical trial program to confirm these results.
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