Peptide News Digest

AIDS 2026 ISLEND Late-Breaker, PURPOSE 1/2 52-Week OLE, Biogen Q2 Beat + LEQEMBI IQLIK At-Home Dosing FDA Approval

AIDS 2026 late-breaker: Gilead-Merck ISL/LEN Week 48 detail. PURPOSE 1/2 52-week OLE. Biogen Q2 beat + LEQEMBI IQLIK approved. Alnylam Q2 Thursday preview.

4 stories · Covering clinical-trials, industry

Editor's Note

Wednesday sat at the center of AIDS 2026 week in Rio de Janeiro. Gilead Sciences and Merck presented the detailed Phase 3 ISLEND-1 and ISLEND-2 late-breaker on the investigational once-weekly oral islatravir/lenacapavir (ISL/LEN) HIV treatment regimen, following the July 21 topline release. The Week 48 data supports planned regulatory submissions for the first once-weekly oral HIV treatment regimen. Gilead separately presented 52-week open-label extension long-term data from the Phase 3 PURPOSE 1 and PURPOSE 2 trials of twice-yearly injectable lenacapavir (Yeztugo) for HIV prevention, showing continued high efficacy, high adherence, and consistent safety profile across geographically diverse populations already using the drug across 10 priority sub-Saharan African countries. On the earnings front, Biogen (NASDAQ: BIIB) reported Q2 2026 earnings before market open Wednesday with revenue of $2.74 billion (+3% YoY), non-GAAP diluted EPS of $3.60, and disclosed the FDA approval of LEQEMBI IQLIK for at-home initiation dosing. The Apellis acquisition that closed May 14, 2026 contributed $128 million in combined SYFOVRE and EMPAVELI revenue in the partial quarter. Alnylam Pharmaceuticals reports Q2 2026 earnings Thursday July 30 before market open with analyst consensus of $2.05 EPS (+540.6% YoY) and $1.32 billion revenue (+70.4% YoY).

AIDS 2026 Late-Breaker Wednesday July 29: Gilead-Merck ISLEND-1 and ISLEND-2 Detailed Week 48 Phase 3 Data for Investigational Once-Weekly Oral Single-Tablet Islatravir 2 mg / Lenacapavir 300 mg (ISL/LEN) Presented at Riocentro in Rio de Janeiro; Zero Percent of ISLEND-1 Participants and 0.3% of ISLEND-2 Participants Reached HIV-1 RNA at 50 Copies/mL or Higher, With Safety Profile Generally Similar to Comparator Daily Biktarvy and Standard-of-Care Regimens

Gilead Sciences (NASDAQ: GILD) and Merck (NYSE: MRK) presented detailed Phase 3 ISLEND-1 and ISLEND-2 Week 48 data during the late-breaking session at AIDS 2026 Wednesday July 29, 2026 in Rio de Janeiro. The investigational once-weekly oral single-tablet regimen of islatravir 2 mg / lenacapavir 300 mg (ISL/LEN) demonstrated non-inferior efficacy versus daily standard-of-care antiretroviral therapy in virologically-suppressed adults living with HIV who switched from daily Biktarvy (ISLEND-1) or other daily oral regimens (ISLEND-2). Primary endpoint results: 0% of ISLEND-1 participants on once-weekly ISL/LEN had HIV-1 RNA at 50 copies/mL or higher at Week 48 compared to 0.3% remaining on daily Biktarvy; in the open-label ISLEND-2 trial, 0.3% of participants on ISL/LEN had HIV-1 RNA at 50 copies/mL or higher versus 1.3% on daily standard-of-care regimens. Safety profile was generally similar to comparator regimens with no new safety signals identified. The Week 48 data will support planned regulatory submissions for the first once-weekly oral HIV treatment regimen. Lenacapavir is Gilead's first-in-class HIV capsid inhibitor; islatravir is Merck's nucleoside reverse transcriptase translocation inhibitor (NRTTI).

AIDS 2026 Wednesday July 29 Also Features Gilead Sciences 52-Week Open-Label Extension (OLE) Data From the Phase 3 PURPOSE 1 and PURPOSE 2 Trials of Twice-Yearly Subcutaneous Lenacapavir (Yeztugo) for HIV Prevention (Pre-Exposure Prophylaxis, PrEP): Continued High Efficacy, High Adherence, and Consistent Safety Across the Broad Geographically Diverse Populations Already Using the Drug in 10 Priority Sub-Saharan African Countries

Gilead Sciences (NASDAQ: GILD) presented 52-week open-label extension (OLE) long-term data from the Phase 3 PURPOSE 1 and PURPOSE 2 trials of twice-yearly subcutaneous lenacapavir (Yeztugo, FDA-approved June 2025) for HIV prevention (pre-exposure prophylaxis, PrEP) at AIDS 2026 Wednesday July 29, 2026. PURPOSE 1 documented zero new HIV infections among participants receiving twice-yearly lenacapavir across more than 7,178 person-years of open-label follow-up at Week 52; PURPOSE 2 documented one HIV infection among participants continuing lenacapavir across 5,295 person-years. The 52-week OLE data confirms continued high efficacy, high adherence (participants generally reliably return for the twice-yearly injection), and consistent safety profile across broad and geographically diverse populations. Yeztugo has now been deployed in 10 priority sub-Saharan African countries including South Africa (national program launched June 5, 2026 by President Cyril Ramaphosa in Secunda, Mpumalanga), Zambia, and Eswatini through PEPFAR and Global Fund investments. Generic versions from Dr. Reddy's Laboratories, Hetero Labs, and four other manufacturers are expected in 2027 at approximately $40 per person per year across 120 low- and lower-middle-income countries.

Biogen (NASDAQ: BIIB) Reports Q2 2026 Earnings Before Market Open Wednesday July 29 With Revenue of $2.74 Billion (+3% Year-Over-Year), GAAP EPS $0.66, and Non-GAAP EPS $3.60 Beating Wall Street Consensus, Plus FDA Approval Announced for LEQEMBI IQLIK (Lecanemab-Irmb Subcutaneous Autoinjector) at-Home Initiation Dosing; The May 14, 2026 Apellis Acquisition Contributed $128 Million in Combined SYFOVRE (Pegcetacoplan Intravitreal) and EMPAVELI (Pegcetacoplan Subcutaneous) Partial-Quarter Revenue With Estimated Run-Rate Synergies of at Least $250 Million Exiting 2027

Biogen (NASDAQ: BIIB) reported Q2 2026 earnings before market open Wednesday July 29, 2026 with total revenue of $2.74 billion (+3% year-over-year), GAAP diluted EPS of $0.66, and non-GAAP diluted EPS of $3.60, beating Wall Street consensus. Growth-portfolio drugs (LEQEMBI, SKYCLARYS, SYFOVRE, and EMPAVELI) delivered year-over-year growth and, in aggregate, growth-portfolio revenue exceeded $1 billion for the quarter, surpassing Biogen's legacy multiple sclerosis franchise. Two major pipeline milestones anchored the earnings call: the FDA approved LEQEMBI IQLIK (lecanemab-irmb, a subcutaneous autoinjector formulation) for at-home initiation dosing (following the earlier approval of LEQEMBI IQLIK for maintenance dosing), providing patient-friendly dosing throughout the treatment course; and the Apellis acquisition that closed May 14, 2026 contributed $128 million in combined SYFOVRE (pegcetacoplan intravitreal, for geographic atrophy) and EMPAVELI (pegcetacoplan subcutaneous, for paroxysmal nocturnal hemoglobinuria and C3 glomerulopathy) revenue in the partial quarter. Biogen expects approximately 0.85 EPS dilution from the Apellis acquisition in 2026 with accretion in 2027 and estimated run-rate synergies of at least $250 million exiting 2027. 2026 revenue guidance raised to mid-single-digit growth with non-GAAP EPS guidance of $12-13.

Alnylam Pharmaceuticals (NASDAQ: ALNY) Q2 2026 Earnings Preview for Thursday July 30 Before Market Open With 8:30 AM ET Conference Call: Wall Street Consensus of $2.05 Earnings Per Share (+540.6% Year-Over-Year) on Revenue of $1.32 Billion (+70.4% Year-Over-Year) Reflects the Continued Ramp of Amvuttra (Vutrisiran) for Both Hereditary Transthyretin Amyloid Polyneuropathy and Cardiomyopathy After the Q1 2026 Amvuttra Revenue of $889.9 Million (+187% YoY); Analyst Focus Includes ALN-6222 Obesity siRNA Phase 1 Program (NCT07624071) and the ALN-2232 Phase 1 Readout Expected in the Second Half of 2026

Alnylam Pharmaceuticals (NASDAQ: ALNY) reports Q2 2026 earnings Thursday July 30, 2026 before market open with an 8:30 AM ET conference call. Wall Street consensus estimates: EPS of $2.05 (+540.6% year-over-year) and revenue of $1.32 billion (+70.4% year-over-year), reflecting the continued commercial ramp of Amvuttra (vutrisiran) across both hereditary transthyretin amyloid polyneuropathy (hATTR-PN) and hereditary transthyretin amyloid cardiomyopathy (hATTR-CM) after the Q1 2026 Amvuttra revenue of $889.9 million (+187% YoY). Analyst focus areas beyond the base-business ramp include: the ALN-6222 first-in-human Phase 1 obesity siRNA program (NCT07624071) that opened enrollment in July 2026 as a randomized double-blind placebo-controlled single-ascending-dose study of an undisclosed-target subcutaneous siRNA in adults with BMI 30-40 kg/m²; the ALN-2232 Phase 1 obesity program (Alnylam's second obesity-track siRNA) with Phase 1 readout expected in the second half of 2026; the Alnylam-PeptiDream peptide-siRNA conjugate extrahepatic delivery platform milestone announced December 2025; and the broader Alnylam 2030 strategy launch positioning beyond the Amvuttra franchise.