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Drug Pipeline Review Therapy area: Paroxysmal Nocturnal Hemoglobinuria40–50 pages · PDF + Excel tracker

Paroxysmal Nocturnal Hemoglobinuria Drug Pipeline Review

Paroxysmal Nocturnal Hemoglobinuria pipeline: 28 drug candidates in clinical development, 14 in Phase III, from 23 sponsors. Data as of 3 Oct 2026.

Pipeline Terminal Paroxysmal Nocturnal Hemoglobinuria Data as of 3 Oct 2026
Candidates in development 28assets Desk-reviewed How this number is madeEvery drug named in an interventional trial, merged across code, generic and brand names, with a live or recent industry trial. Placebo and comparator arms excluded.
Phase III 1450% of pipeline Registry How this number is madeCandidates whose highest phase in a live or recent trial is Phase III (Phase II/III counts as Phase II).
Phase II 725% of pipeline Registry
Phase I 725% of pipeline Registry
Sponsors 23top 5 hold 36% Registry How this number is madeCompanies credited with at least one candidate: the lead sponsor on most of that candidate's industry trials.
Registered trials 11144 running Registry How this number is madeInterventional trials on ClinicalTrials.gov for the conditions in scope, updated since 3 Oct 2021.
Readouts in 12 months 13Phase II or later Sponsor dates How this number is madeCandidates with a registered primary completion date in the next 12 months. Dates are the sponsor's own and often move.
Trials with US sites 2724% · Europe 44% Registry How this number is madeTrials with at least one site in the United States; Europe is the EU/EEA, the UK and Switzerland. A trial counts in every region where it has a site.

Candidates by highest phase reached

Phase I7
Phase II7
Phase III14

Next registered primary completions, Phase II or later

CandidatePhasePrimary completion
RavulizumabPhase IIIOct 2026 (est.)
CemdisiranPhase IIIOct 2026 (est.)
PozelimabPhase IIIOct 2026 (est.)

Candidates in development by lead sponsor

Regeneron Pharmaceuticals3
Alexion Pharmaceuticals, Inc.3
Shanghai Fosun Pharmaceutical Industrial Development Co. Ltd.2
ADARx Pharmaceuticals, Inc.1
BioCryst Pharmaceuticals1

Phase II and III primary completions per quarter

Q4 20267
Q1 20270
Q2 20273
Q3 20273
Q4 20273
Q1 20280
Q2 20281
Q3 20280

Answers at a glance

  • 14 of 28 paroxysmal nocturnal hemoglobinuria candidates (50%) are in Phase III.
  • Regeneron Pharmaceuticals runs the largest paroxysmal nocturnal hemoglobinuria pipeline, with 3 candidates.
  • 13 readouts are due in 12 months; the next is Ravulizumab in Oct 2026.
  • 19 trials are recruiting patients now; 24% of all trials have a US site and 44% a European one.
28 candidates111 trials53 countriesData as of 3 Oct 2026Next refresh by 1 Jan 2027
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Edition: data as of 3 Oct 2026 Next refresh: by 1 Jan 2027 Change: First edition

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Paroxysmal Nocturnal Hemoglobinuria has 28 drug candidates in active clinical development, of which 14 are in Phase III, 7 in Phase II and 7 in Phase I, according to Douglas Insights' count of 111 interventional trials registered on ClinicalTrials.gov (data as of 3 Oct 2026).

The paroxysmal nocturnal hemoglobinuria drug pipeline is the set of medicines that sponsors are still testing in people for this condition: each candidate is counted once, at the highest phase it has reached in a running or recently completed trial. Medicines already on the market and studied only in Phase IV trials are kept out of the count.

How many paroxysmal nocturnal hemoglobinuria drugs are in each phase of development?

Douglas Insights counts 14 paroxysmal nocturnal hemoglobinuria candidates in Phase III, 50% of the 28 assets in development; Phase II holds 7 and Phase I holds 7.

Phase I7Phase II7Phase III14
Candidates by highest phase reached. Source: Douglas Insights from ClinicalTrials.gov, data as of 3 Oct 2026.
Phase (highest reached)AssetsShare of pipeline
Phase III1450%
Phase II725%
Phase I725%
Total28100%

Phase I/II candidates sit in the Phase I row and Phase II/III candidates in the Phase II row, so each paroxysmal nocturnal hemoglobinuria asset appears in exactly one row. The 44 trials still recruiting or running carry 40% of the 111 registered trials in scope.

How many paroxysmal nocturnal hemoglobinuria trials are recruiting patients now?

19 paroxysmal nocturnal hemoglobinuria trials are recruiting patients and 11 more have not started recruiting yet, out of 111 interventional trials in scope; together they make up 27% of the trial base.

Registry statusTrialsShare
Completed5550%
Recruiting1917%
Active, not recruiting1312%
Not yet recruiting119.9%
Terminated119.9%
Enrolling by invitation10.9%
Status not verified10.9%

Terminated, suspended and withdrawn paroxysmal nocturnal hemoglobinuria trials stay in the trial base so that a stalled programme is visible, but a candidate whose only trials stopped is no longer counted as in development.

Which companies lead the paroxysmal nocturnal hemoglobinuria pipeline?

Regeneron Pharmaceuticals leads the paroxysmal nocturnal hemoglobinuria pipeline with 3 candidates; the top 5 sponsors hold 36% of the 28 assets, and 23 sponsors run at least one.

SponsorAssets in developmentShare
Regeneron Pharmaceuticals311%
Alexion Pharmaceuticals, Inc.311%
Shanghai Fosun Pharmaceutical Industrial Development Co. Ltd.27.1%
ADARx Pharmaceuticals, Inc.13.6%
BioCryst Pharmaceuticals13.6%

Industry sponsors lead 105 of the 111 paroxysmal nocturnal hemoglobinuria trials (95%); universities, hospitals and public funders lead the rest. A sponsor is credited with an asset when it is the lead sponsor on most of that asset's industry trials.

Which drug types and mechanisms dominate the paroxysmal nocturnal hemoglobinuria pipeline?

Mechanism and drug-type classification for the 28 paroxysmal nocturnal hemoglobinuria candidates is done by the research desk asset by asset, each with a cited source, and is published in the paid review together with the white-space map.

What paroxysmal nocturnal hemoglobinuria trial readouts are coming next?

13 paroxysmal nocturnal hemoglobinuria candidates in Phase II or later have a registered primary completion date in the next 12 months; the next three are below, each linked to its registry record.

CandidateSponsorPhasePrimary completionRegistry
RavulizumabAlexion Pharmaceuticals, Inc.Phase IIIOct 2026 (estimated)NCT05133531
CemdisiranRegeneron PharmaceuticalsPhase IIIOct 2026 (estimated)NCT05133531
PozelimabRegeneron PharmaceuticalsPhase IIIOct 2026 (estimated)NCT05133531

Primary completion is the date a sponsor expects the last patient to finish the main measurement, so data usually follow within months. Dates marked estimated are the sponsor's own forecast on the registry and often move.

How many paroxysmal nocturnal hemoglobinuria readouts fall in each quarter?

17 paroxysmal nocturnal hemoglobinuria candidates in Phase II or later reach registered primary completion over the next eight quarters, with the most, 7, due in Q4 2026.

QuarterPhase III readoutsPhase II readoutsTotal
Q4 2026527
Q1 2027000
Q2 2027213
Q3 2027123
Q4 2027123
Q1 2028000
Q2 2028101
Q3 2028000

Each candidate is counted once, at its next readout. The paid catalyst calendar names every readout with its trial, sponsor and design, adds filings and regulatory decisions, and runs 24 months ahead.

Which countries host the most paroxysmal nocturnal hemoglobinuria trials?

China hosts the most paroxysmal nocturnal hemoglobinuria trials, with sites in 44 of the 111 studies (40%); trials in scope run in 53 countries in all.

CountryTrials with a siteShare of trials
China4440%
United Kingdom3733%
South Korea2926%
United States2724%
France2220%
Italy2220%
Spain2119%
Malaysia1917%

A multinational paroxysmal nocturnal hemoglobinuria trial is counted once in every country where it has a site, so the shares add up to more than 100%. Country spread shows where sponsors are building the evidence that regulators in each market will ask for.

Where are paroxysmal nocturnal hemoglobinuria drugs being tested?

27 of the 111 paroxysmal nocturnal hemoglobinuria trials (24%) have a site in the United States, 49 (44%) in Europe and 44 (40%) in China; 8 of the 28 candidates in development are tested in the US.

RegionTrials with a siteShare of trialsCandidates testedRegulator
United States2724%8FDA
Europe (EU/EEA, UK, Switzerland)4944%11EMA, MHRA, Swissmedic
China4440%20NMPA
Japan1413%8PMDA
Rest of world4742%13national regulators

Each region's trials are the evidence its regulator will review: the FDA in the United States, the EMA (with the MHRA and Swissmedic) in Europe, the NMPA in China and the PMDA in Japan. A multinational paroxysmal nocturnal hemoglobinuria trial counts once in every region where it has a site, so the shares add up to more than 100%. A candidate tested only outside the US and Europe is often a licensing opportunity for sponsors in those markets.

What has changed in the paroxysmal nocturnal hemoglobinuria pipeline since the last update?

This is the first edition of the paroxysmal nocturnal hemoglobinuria pipeline count, dated 3 Oct 2026. The next refresh is due by 1 Jan 2027, and each refresh lists the assets that entered, advanced or dropped out.

How does Douglas Insights count the paroxysmal nocturnal hemoglobinuria pipeline?

Douglas Insights read 111 interventional trials registered on ClinicalTrials.gov for the conditions "Hemoglobinuria, Paroxysmal", "Paroxysmal Nocturnal Hemoglobinuria" and updated since 3 Oct 2021, then grouped every drug or biologic named in them into 28 unique candidates.

  1. Code names, generic names and brand names of the same molecule are merged into one candidate, and every merge is reviewed by the research desk.
  2. A candidate counts when it has a trial that is recruiting, running, or completed in the last 24 months, and at least one industry-sponsored trial.
  3. Its phase is the highest phase among those trials; placebo, standard-of-care and comparator arms are not candidates.
  4. Each figure on this page is drawn from one frozen dataset that passes ten checks before release, and the owner approves every edition.

Read the full approach on the research methodology page, or browse other Pharmaceuticals research.

What does the Paroxysmal Nocturnal Hemoglobinuria Pipeline Review include?

The Paroxysmal Nocturnal Hemoglobinuria Pipeline Review covers all 28 candidates in an Excel tracker and profiles the leading 25 in a 40–50 page report, ending with the research desk's ranked view of the candidates most likely to win.

11 chapters40–50 pages25 asset profilesExcel tracker of all 28 candidates
01Executive summary and our call2–3 pp

The pipeline on one page and the desk's verdict on where paroxysmal nocturnal hemoglobinuria treatment is heading.

  • Pipeline size and phase mix
  • The three calls that matter
  • What changed since the last edition
02Disease and unmet need3 pp

Who is treated today, what current therapy leaves unmet, and how regulators judge new medicines.

  • Patient population and diagnosis
  • Treatment guidelines and gaps
  • Regulatory endpoints
03Approved therapies3 pp

The marketed medicines every paroxysmal nocturnal hemoglobinuria candidate will be measured against.

  • Marketed medicines and their sponsors
  • Post-approval trials
  • The bar a new entrant must clear
04Pipeline at a glance4 pp

Every candidate counted by phase, drug type, sponsor and country.

  • Assets by phase and drug type
  • Sponsors by size of pipeline
  • Trial footprint: US, Europe, China, Japan
05Mechanism landscape and white space5 pp

Which mechanisms are crowded and which no sponsor has entered.

  • Mechanism classes and crowding
  • Classes with no candidate yet
  • Differentiation by route and dosing
06Key asset profiles12–15 pp

The leading 25 candidates, one profile each, every claim linked to a source document.

  • Design and endpoints of the pivotal trials
  • Data to date, with sources
  • Next readout and the risk to it
07Catalyst calendar3 pp

Readouts, filings and regulatory decisions 24 months ahead.

  • Readouts by quarter
  • Filings and regulatory decisions
  • Date confidence for each event
08Deals and partnering3 pp

Who is licensing, buying and partnering in paroxysmal nocturnal hemoglobinuria, and on what terms.

  • Licensing and M&A in the area
  • Deal terms where disclosed
  • Sponsors open to partnering
09Sponsor landscape3 pp

Large pharma against biotech, and how concentrated the pipeline is.

  • Pipeline share by sponsor
  • Sponsor-by-phase matrix
  • New entrants since the last edition
10Our call: winners, risks, opportunities3–4 pp

The candidates most likely to win, ranked, with the reasoning and evidence.

  • Ranked candidates
  • Risks that could change the order
  • Openings for new entrants and investors
11Methodology and source log2 pp

How the count is built and every document behind it.

  • How candidates are counted and merged
  • Every source document listed
  • The ten quality checks

Ways to buy the Paroxysmal Nocturnal Hemoglobinuria review

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Pipeline ReviewYour indication, geography and phase cut-off; ranked calls and an analyst call2–3 weeksFrom USD 4,000Enquire
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Frequently asked questions about the paroxysmal nocturnal hemoglobinuria pipeline

How many drugs are in the paroxysmal nocturnal hemoglobinuria pipeline?

28 drug candidates are in active clinical development for paroxysmal nocturnal hemoglobinuria, with 14 in Phase III, per Douglas Insights (data as of 3 Oct 2026).

Which company has the most paroxysmal nocturnal hemoglobinuria drugs in development?

3 candidates make Regeneron Pharmaceuticals the largest paroxysmal nocturnal hemoglobinuria pipeline sponsor, out of 23 sponsors counted by Douglas Insights.

When is the next paroxysmal nocturnal hemoglobinuria trial readout?

Oct 2026 is the registered primary completion of the Phase III trial of Ravulizumab (NCT05133531), the next paroxysmal nocturnal hemoglobinuria catalyst in Douglas Insights' calendar.

How many paroxysmal nocturnal hemoglobinuria trials run in the United States and Europe?

27 paroxysmal nocturnal hemoglobinuria trials have a US site and 49 a European site, out of 111 registered trials counted by Douglas Insights (data as of 3 Oct 2026).

How often is the paroxysmal nocturnal hemoglobinuria pipeline count updated?

90 days is the refresh cycle; this edition uses registry data as of 3 Oct 2026 and the next is due by 1 Jan 2027.

Research & citation

This review was researched, written and reviewed by the Douglas Insights Research Desk under the Douglas Insights editorial standards. Material errors are logged in the corrections log. No section is sponsored.

Cite this page Douglas Insights (2026). Paroxysmal Nocturnal Hemoglobinuria Drug Pipeline, data as of 3 Oct 2026. https://www.douglasinsights.com/pipeline/paroxysmal-nocturnal-hemoglobinuria/