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Milestone Pharmaceuticals launches Phase 3 trial for AFib nasal spray

Study evaluates etripamil nasal spray for rapid ventricular rate in atrial fibrillation, targeting 150 patients across North America and international sites. Primary endpoint measures reduction within 30 minutes.

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Sophie Laurent · FX & Rates Desk · 22 Aug 2026 · 09:06 · 1 min read
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Milestone Pharmaceuticals launches Phase 3 trial for AFib nasal spray

Milestone Pharmaceuticals Inc. (NASDAQ: MIST) has initiated the Phase 3 ReVeRA-301 trial for its etripamil nasal spray, assessing the treatment in patients with atrial fibrillation and rapid ventricular rate (AFib-RVR).

The study, which aims to enroll approximately 150 patients across North America and international sites, will evaluate the efficacy of a 70 mg repeat-dose regimen of etripamil. Patients will self-administer the treatment in medically unsupervised settings, such as their homes, when symptoms arise. The primary endpoint measures the reduction in ventricular rate within 30 minutes of administration, alongside patient-reported symptom improvement.

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The trial follows Phase 2 results from the ReVeRA-201 study, which demonstrated that a single 70 mg dose reduced ventricular rate, improved symptom relief, and increased treatment satisfaction in an emergency room setting. Milestone is pursuing a single-study supplemental new drug application pathway for AFib-RVR treatment, relying on existing safety data.

Current standard treatments for AFib-RVR typically require emergency department visits for intravenous medications or electrical cardioversion. Market research indicates that 30-40% of atrial fibrillation patients experience at least one episode of rapid ventricular rate per year requiring urgent medical attention. U.S. Healthcare Cost and Utilization Project data from 2016-2020 shows that 0.44% of all emergency department visits had a primary diagnosis of atrial fibrillation, with nearly half resulting in inpatient admission.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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