BACKGROUND In paroxysmal nocturnal hemoglobinuria (PNH), intravascular hemolysis (IVH) is mediated by the membrane attack complex, while extravascular hemolysis (EVH) is facilitated by C3 opsonization. Although eculizumab (ECU), a C5 inhibitor, inhibits IVH, ~70% of patients remain anemic and 36% require ≥1 transfusion per year due to C3-mediated EVH. Pegcetacoplan (APL-2), a C3 inhibitor, has the potential to control both IVH and EVH in PNH. AIMS PEGASUS, a phase 3, randomized, open-label, controlled trial (NCT03500549), assessed the efficacy and safety of pegcetacoplan compared to ECU in patients with PNH. METHODS Eighty patients aged ≥18 years with a confirmed diagnosis of PNH, hemoglobin levels 1.0 × ULN, platelets >50 × 109/L and neutrophils >0.5 × 109/L were included. All patients provided written informed consent and completed a run-in period of 4 weeks with pegcetacoplan plus ECU before 1:1 randomization to monotherapy with pegcetacoplan (41 patients, 1080 mg subcutaneously twice a week) or ECU (39 patients, continuing current dosing regimen). The primary endpoint was change in hemoglobin level from baseline (start of run-in period) to week 16. Key secondary and secondary endpoints were hemoglobin normalization (defined as hemoglobin level greater than or equal to lower limit of normal range) in the absence of transfusions, transfusion avoidance, absolute reticulocyte counts, lactate dehydrogenase (LDH), Functional Assessment of Chronic Illness Therapy (FACIT)-Fatigue score, and adverse events (AEs). Hierarchical significance testing for secondary efficacy endpoints was gated on the success of the primary efficacy endpoint. Post hoc analyses included hemoglobin stabilization (defined as avoidance of a >1 g/dL decrease from baseline) in the absence of transfusions. RESULTS Pegcetacoplan demonstrated superiority to ECU in change in hemoglobin level at week 16, with an adjusted treatment difference of 3.84 g/dL (p CONCLUSIONS In this phase 3 trial in patients with PNH, pegcetacoplan demonstrated superiority to ECU in hemoglobin level, and improved clinical outcomes at week 16 with transfusion avoidance in most patients. The safety profile of pegcetacoplan was comparable to that of ECU. The efficacy of pegcetacoplan validates the prevention of extravascular as well as intravascular hemolysis in PNH, leading to a potential new therapeutic option. Disclosures Hillmen: Acerta: Other: Financial or material support; AbbVie: Consultancy, Other: Financial or material support, Research Funding, Speakers Bureau; Roche: Consultancy, Other: Financial or material support, Research Funding, Speakers Bureau; Gilead: Other: Financial or material support, Research Funding; Alexion: Consultancy, Research Funding, Speakers Bureau; Apellis: Consultancy, Research Funding, Speakers Bureau; AstraZeneca: Consultancy, Speakers Bureau; Pharmacyclics: Other: Financial or material support, Research Funding; Janssen: Consultancy, Other: Financial or material support, Research Funding, Speakers Bureau. Szer:Prevail Therapeutics: Honoraria, Membership on an entity's Board of Directors or advisory committees; Apellis: Consultancy; Takeda: Honoraria, Speakers Bureau; Pfizer: Honoraria, Speakers Bureau; Novartis: Consultancy, Honoraria, Speakers Bureau; Alexion Pharmaceuticals Inc.: Consultancy, Honoraria, Membership on an entity's Board of Directors or advisory committees, Speakers Bureau. Weitz:Apellis: Consultancy, Honoraria; Alexion: Consultancy, Honoraria, Speakers Bureau. Röth:Biocryst: Consultancy, Honoraria; Novartis: Consultancy, Honoraria; Apellis: Consultancy, Honoraria; Roche: Consultancy, Honoraria, Research Funding; Sanofi: Consultancy, Honoraria; Alexion Pharmaceuticals Inc.: Consultancy, Honoraria, Research Funding. Hoechsmann:Alexion: Consultancy, Honoraria, Research Funding; Roche: Consultancy, Honoraria; Apellis: Consultancy, Honoraria; Novartis: Consultancy, Honoraria. Panse:Novartis: Membership on an entity's Board of Directors or advisory committees, Speakers Bureau; Apellis: Consultancy, Membership on an entity's Board of Directors or advisory committees; Pfizer: Speakers Bureau; Alexion: Membership on an entity's Board of Directors or advisory committees, Speakers Bureau; F. Hoffmann-La Roche Ltd: Consultancy, Membership on an entity's Board of Directors or advisory committees; MSD: Consultancy, Membership on an entity's Board of Directors or advisory committees; Grunenthal: Consultancy, Membership on an entity's Board of Directors or advisory committees; BMS: Consultancy, Membership on an entity's Board of Directors or advisory committees; Chugai: Speakers Bureau; Amgen: Consultancy, Membership on an entity's Board of Directors or advisory committees; Boehringer Ingelheim: Membership on an entity's Board of Directors or advisory committees, Speakers Bureau; Blueprint Medicines: Consultancy, Membership on an entity's Board of Directors or advisory committees. Usuki:Apellis: Research Funding; Chugai: Research Funding; Novartis: Research Funding, Speakers Bureau; Alexion: Research Funding, Speakers Bureau. Griffin:Biocryst: Membership on an entity's Board of Directors or advisory committees; Alexion Pharmaceuticals: Honoraria, Other: Conference Support. Kiladjian:Novartis: Membership on an entity's Board of Directors or advisory committees; Abbvie: Membership on an entity's Board of Directors or advisory committees; AOP Orphan: Membership on an entity's Board of Directors or advisory committees; BMS: Membership on an entity's Board of Directors or advisory committees. de Castro:Biocryst: Honoraria, Other: Data monitoring committee; Novartis: Honoraria, Other: Steering committee; Alexion: Honoraria, Research Funding; Apellis: Consultancy, Honoraria, Research Funding. Tan:Apellis: Consultancy, Patents & Royalties. Hamdani:Apellis: Current Employment, Current equity holder in publicly-traded company. Deschatelets:Apellis: Current Employment, Current equity holder in private company, Patents & Royalties. Francois:Apellis: Current Employment, Current equity holder in private company, Patents & Royalties. Grossi:Apellis: Current Employment, Current equity holder in private company, Patents & Royalties. Risitano:Jazz: Speakers Bureau; Roche: Membership on an entity's Board of Directors or advisory committees; Samsung: Membership on an entity's Board of Directors or advisory committees; Amyndas: Consultancy; RA pharma: Research Funding; Biocryst: Membership on an entity's Board of Directors or advisory committees; Apellis: Membership on an entity's Board of Directors or advisory committees, Speakers Bureau; Achillion: Membership on an entity's Board of Directors or advisory committees; Pfizer: Speakers Bureau; Novartis: Membership on an entity's Board of Directors or advisory committees, Research Funding, Speakers Bureau; Alnylam: Research Funding; Alexion: Consultancy, Membership on an entity's Board of Directors or advisory committees, Research Funding, Speakers Bureau. Peffault De Latour:Apellis: Membership on an entity's Board of Directors or advisory committees; Amgen: Research Funding; Pfizer: Consultancy, Honoraria, Membership on an entity's Board of Directors or advisory committees, Research Funding, Speakers Bureau; Novartis: Consultancy, Honoraria, Membership on an entity's Board of Directors or advisory committees, Research Funding, Speakers Bureau; Alexion Pharmaceuticals Inc.: Consultancy, Honoraria, Membership on an entity's Board of Directors or advisory committees, Research Funding, Speakers Bureau. OffLabel Disclosure: Pegcetacoplan is an investigational drug for the treatment of paroxysmal nocturnal hemoglobinuria.