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Drug Pipeline Review Therapy area: Multiple Sclerosis40–50 pages · PDF + Excel tracker

Multiple Sclerosis Drug Pipeline: 55 Assets by Phase

Multiple Sclerosis pipeline: 55 drug candidates in clinical development, 12 in Phase III, from 42 sponsors. Data as of 3 Oct 2026.

Pipeline Terminal Multiple Sclerosis Data as of 3 Oct 2026
Candidates in development 55assets 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 1222% 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 1527% of pipeline Registry
Phase I 2851% of pipeline Registry
Sponsors 42top 5 hold 27% 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 526210 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 10Phase 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 27252% · Europe 46% 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 I28
Phase II15
Phase III12

Next registered primary completions, Phase II or later

CandidatePhasePrimary completion
Vidofludimus calciumPhase IIINov 2026 (est.)
RE104Phase IINov 2026 (est.)
Autologous HB-adMSCsPhase IIJan 2027 (est.)

Candidates in development by lead sponsor

Hoffmann-La Roche5
Inventage Lab., Inc.3
Novartis Pharmaceuticals3
Biogen2
Cellerys AG2

Phase II and III primary completions per quarter

Q4 20262
Q1 20271
Q2 20276
Q3 20270
Q4 20272
Q1 20281
Q2 20282
Q3 20280

Answers at a glance

  • 12 of 55 multiple sclerosis candidates (22%) are in Phase III.
  • Hoffmann-La Roche runs the largest multiple sclerosis pipeline, with 5 candidates.
  • 10 readouts are due in 12 months; the next is Vidofludimus calcium in Nov 2026.
  • 101 trials are recruiting patients now; 52% of all trials have a US site and 46% a European one.
55 candidates526 trials80 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: Since 3 Oct 2026: assets −1, Phase III 0, trials 0

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A sample of the Multiple Sclerosis Pipeline Review: the full chapter list, the tracker columns and two asset profiles from the report. The Research Desk reviews your request and emails it, usually within one business day.

Multiple Sclerosis has 55 drug candidates in active clinical development, of which 12 are in Phase III, 15 in Phase II and 28 in Phase I, according to Douglas Insights' count of 526 interventional trials registered on ClinicalTrials.gov (data as of 3 Oct 2026).

The multiple sclerosis 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 multiple sclerosis drugs are in each phase of development?

Douglas Insights counts 12 multiple sclerosis candidates in Phase III, 22% of the 55 assets in development; Phase II holds 15 and Phase I holds 28.

Phase I28Phase II15Phase III12
Candidates by highest phase reached. Source: Douglas Insights from ClinicalTrials.gov, data as of 3 Oct 2026.
Phase (highest reached)AssetsShare of pipeline
Phase III1222%
Phase II1527%
Phase I2851%
Total55100%

Phase I/II candidates sit in the Phase I row and Phase II/III candidates in the Phase II row, so each multiple sclerosis asset appears in exactly one row. The 210 trials still recruiting or running carry 40% of the 526 registered trials in scope.

Which approved multiple sclerosis medicines are still in trials?

10 medicines already on the market are still being tested in multiple sclerosis Phase IV trials; Ocrelizumab has the most, with 57 registered trials.

MedicineLead sponsorRegistered trials
OcrelizumabHoffmann-La Roche57
TeriflunomideSeveral sponsors22
OfatumumabNovartis Pharmaceuticals18
CladribineMerck KGaA, Darmstadt, Germany16
UblituximabTG Therapeutics, Inc.14
Dimethyl fumarateBiogen12
FingolimodNovartis Pharmaceuticals10
NatalizumabBiogen10

Post-approval multiple sclerosis trials test new doses, new patient groups and head-to-head comparisons. They set the standard of care that every candidate in development will be measured against, so the paid review profiles each one.

How many multiple sclerosis trials are recruiting patients now?

101 multiple sclerosis trials are recruiting patients and 35 more have not started recruiting yet, out of 526 interventional trials in scope; together they make up 26% of the trial base.

Registry statusTrialsShare
Completed20238%
Recruiting10119%
Active, not recruiting6713%
Terminated5410%
Not yet recruiting356.7%
Status not verified315.9%
Withdrawn234.4%
Enrolling by invitation71.3%
Suspended61.1%

Terminated, suspended and withdrawn multiple sclerosis 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 multiple sclerosis pipeline?

Hoffmann-La Roche leads the multiple sclerosis pipeline with 5 candidates; the top 5 sponsors hold 27% of the 55 assets, and 42 sponsors run at least one.

SponsorAssets in developmentShare
Hoffmann-La Roche59.1%
Inventage Lab., Inc.35.5%
Novartis Pharmaceuticals35.5%
Biogen23.6%
Cellerys AG23.6%

Industry sponsors lead 270 of the 526 multiple sclerosis trials (51%); 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 multiple sclerosis pipeline?

Mechanism and drug-type classification for the 55 multiple sclerosis 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 multiple sclerosis trial readouts are coming next?

10 multiple sclerosis 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
Vidofludimus calciumImmunic AGPhase IIINov 2026 (estimated)NCT05134441
RE104Reunion Neuroscience IncPhase IINov 2026 (estimated)NCT07002034
Autologous HB-adMSCsHope Biosciences Research FoundationPhase IIJan 2027 (estimated)NCT06800404

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 multiple sclerosis readouts fall in each quarter?

14 multiple sclerosis candidates in Phase II or later reach registered primary completion over the next eight quarters, with the most, 6, due in Q2 2027.

QuarterPhase III readoutsPhase II readoutsTotal
Q4 2026112
Q1 2027011
Q2 2027246
Q3 2027000
Q4 2027112
Q1 2028101
Q2 2028022
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 multiple sclerosis trials?

United States hosts the most multiple sclerosis trials, with sites in 272 of the 526 studies (52%); trials in scope run in 80 countries in all.

CountryTrials with a siteShare of trials
United States27252%
France10119%
Poland9618%
United Kingdom9318%
Germany9217%
Spain9217%
Italy8316%
Canada7915%

A multinational multiple sclerosis 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 multiple sclerosis drugs being tested?

272 of the 526 multiple sclerosis trials (52%) have a site in the United States, 241 (46%) in Europe and 47 (8.9%) in China; 37 of the 55 candidates in development are tested in the US.

RegionTrials with a siteShare of trialsCandidates testedRegulator
United States27252%37FDA
Europe (EU/EEA, UK, Switzerland)24146%26EMA, MHRA, Swissmedic
China478.9%9NMPA
Japan142.7%4PMDA
Rest of world18034%29national 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 multiple sclerosis 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 multiple sclerosis pipeline since the last update?

Since 3 Oct 2026, the multiple sclerosis pipeline count moved by −1 assets to 55, Phase III moved by 0 and the trial base by 0.

How does Douglas Insights count the multiple sclerosis pipeline?

Douglas Insights read 526 interventional trials registered on ClinicalTrials.gov for the conditions "multiple sclerosis" and updated since 3 Oct 2021, then grouped every drug or biologic named in them into 55 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 Multiple Sclerosis Pipeline Review include?

The Multiple Sclerosis Pipeline Review covers all 55 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 55 candidates
01Executive summary and our call2–3 pp

The pipeline on one page and the desk's verdict on where multiple sclerosis 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 multiple sclerosis 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 multiple sclerosis, 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 Multiple Sclerosis review

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Frequently asked questions about the multiple sclerosis pipeline

How many drugs are in the multiple sclerosis pipeline?

55 drug candidates are in active clinical development for multiple sclerosis, with 12 in Phase III, per Douglas Insights (data as of 3 Oct 2026).

Which company has the most multiple sclerosis drugs in development?

5 candidates make Hoffmann-La Roche the largest multiple sclerosis pipeline sponsor, out of 42 sponsors counted by Douglas Insights.

When is the next multiple sclerosis trial readout?

Nov 2026 is the registered primary completion of the Phase III trial of Vidofludimus calcium (NCT05134441), the next multiple sclerosis catalyst in Douglas Insights' calendar.

How many multiple sclerosis trials run in the United States and Europe?

272 multiple sclerosis trials have a US site and 241 a European site, out of 526 registered trials counted by Douglas Insights (data as of 3 Oct 2026).

How often is the multiple sclerosis 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). Multiple Sclerosis Drug Pipeline, data as of 3 Oct 2026. https://www.douglasinsights.com/pipeline/multiple-sclerosis/