"It is worth stressing that even if ZYN002 does not outperform placebo by the ~20% delta needed to hit stat. sig., the number of patients who achieve seizure-free status (a secondary endpoint) could be just as, if not more, important," the analyst added.
Davis recalled an expert conversation he had with David Anschel who stressed that a seizure-free rate of around 10 percent would be "perhaps even more meaningful" than a 20 to 30 percent reduction in frequency.
In fact, most patients would be willing to give ZYN002 a try even if it comes with a success rate of just 5 to 10 percent of being completely seizure free.
Beyond epilepsy, Zynerba will report results from its phase 2 STOP trial in osteoarthritis patients by the end of August and data from the exploratory phase 2 of ZYN002 in pediatric Fragile-X syndrome patients are expected in September.
Also, phase 1 trial of ZYN001 (a THC pro-drug patch) should be released in the third quarter as well and a phase 2 trial for the drug in fibromyalgia and neuropathic pain are expected in begin in the fourth quarter.
At time of publication, shares of Zynerba were up 3.65 percent at $14.61.
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