Ipsen: Dysport, First Botulinum Toxin Effective in Phase III Against Migraine
On July 9, 2026, Ipsen announced positive Phase III results for Dysport in the prevention of both episodic and chronic migraine, becoming the first laboratory to demonstrate the effectiveness of a botulinum toxin for these two indications.
The E-BEOND and C-BEOND trials, which enrolled 1,510 patients across 120 centers, both achieved their primary endpoint: a statistically significant reduction in the monthly number of migraine days compared to placebo, measured between weeks 21 and 24. These results mark a first: Dysport is the first botulinum toxin to show statistically significant efficacy in Phase III for episodic migraine (defined as 6 to 14 migraine days per month). The BEOND program thus becomes the first Phase III study program to demonstrate the efficacy of a botulinum toxin in preventing both forms of the disease.
Tolerance Profile Consistent with Established Data
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Dysport was well tolerated in both trials. The safety signals observed are consistent with the known profile of the product for its approved indications, with no new or unexpected signals identified. The BEOND trial extension program, in which all participants receive Dysport for two treatment cycles, will continue until week 48. Detailed results will be presented at a later scientific congress.
SectorPharmacie et biotechnologies›Vaccins et laboratoires de recherche
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 2 190 millions d'euros
Quarterly revenue: 2 190 millions d'euros
Revenue growth: 20,4 %
EBITDA: 733,9 millions d'euros
EBITDA margin: 40,7 %
Net income: 403,1 millions d'euros
Free cash flow: 651,7 millions d'euros
-1 005 millions d'euros
Guidance from the release
Cette dynamique nous permet de relever nos objectifs financiers pour 2026
Risks mentioned
Arrivée potentielle de génériques du lanréotide, concurrençant les ventes de Somatuline
Effet défavorable des devises d'environ 1 % anticipé sur l'exercice 2026
Impact dilutif des acquisitions de Memo Therapeutics AG et de Kartos Therapeutics sur la marge
Opportunities identified
Plusieurs lancements attendus à court terme d'actifs à potentiel de blockbuster dans les trois aires thérapeutiques
Résultats positifs de Phase III de Dysport dans la migraine épisodique et chronique
Résultats positifs de Phase IIIb ELSPIRE d'Iqirvo dans la cholangite biliaire primitive
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