share_log

Palisade Bio Presents Promising Preclinical Data for PALI-2108 at 8th Annual Antifibrotic Drug Development Summit, Targeting Fibrostenotic Crohn's Disease

Quiver Quantitative ·  Nov 21 08:20

Palisade Bio announced promising preclinical results for PALI-2108, targeting fibrotic pathways in Crohn's disease, with enhanced safety profiles.

Quiver AI Summary

Palisade Bio has announced promising preclinical results for its novel local PDE4 inhibitor prodrug, PALI-2108, which may offer a more effective and safer treatment option for fibrostenotic Crohn's disease, as compared to traditional therapies. The findings, set to be presented at the 8th Annual Antifibrotic Drug Development Summit, indicate that PALI-2108 effectively modulates key fibrotic pathways in a mouse model of inflammatory bowel disease, suggesting its potential to reverse or prevent intestinal fibrosis while minimizing systemic side effects. The prodrug is designed to activate locally in the gastrointestinal tract, reducing common side effects associated with systemic PDE4 inhibitors. Palisade Bio is currently conducting a Phase 1 clinical study to evaluate the safety and efficacy of PALI-2108, with results expected in the first half of 2025.

Potential Positives

  • Presentation of promising preclinical results for PALI-2108 at a notable conference highlights the company's research efforts and potential advancements in treatment for fibrostenotic Crohn's disease.
  • PALI-2108 shows a dose-dependent effect on key fibrotic pathways, indicating its potential as a safer and more effective localized treatment compared to traditional systemic inhibitors.
  • The Phase 1 study on PALI-2108 focuses on safety and tolerability, with topline data expected in the first half of 2025, demonstrating the company's commitment to advancing its clinical pipeline.

Potential Negatives

  • The press release is heavily focused on preclinical results rather than clinical data, which may raise doubts about the efficacy and safety of PALI-2108 in humans.
  • The reliance on an animal model (DSS mouse model) for demonstrating the treatment's effectiveness may limit credibility, as results in animal studies do not always translate to humans.
  • The forward-looking statements disclose numerous risks and uncertainties, including the potential need for additional financing and regulatory hurdles, which could impact the company's ability to advance its drug development efforts.

FAQ

What is PALI-2108?

PALI-2108 is a novel local PDE4 inhibitor prodrug developed to treat fibrostenotic Crohn's disease by targeting key fibrotic pathways.

How does PALI-2108 work?

PALI-2108 acts locally to modulate fibrotic pathways in the intestinal mucosa, potentially reducing inflammation and fibrosis without systemic side effects.

What were the results from the animal studies?

In mouse models, PALI-2108 showed a dose-dependent effect on fibrotic pathways, indicating promise in treating fibrostenotic Crohn's disease.

When will data from the Phase 1 study be available?

Topline data from the Phase 1 study of PALI-2108 is expected in the first half of 2025.

Where can I find more information about the clinical trials?

More information on clinical trials for PALI-2108 can be found at clinicaltrials.gov using the identifier NCT06663605.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$PALI Insider Trading Activity

$PALI insiders have traded $PALI stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here's a breakdown of recent trading of $PALI stock by insiders over the last 6 months:

  • DONALD ALLEN WILLIAMS purchased 1,000 shares.
  • JOHN DAVID FINLEY (CEO, CFO, Director) purchased 1,000 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PALI Hedge Fund Activity

We have seen 4 institutional investors add shares of $PALI stock to their portfolio, and 11 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • VANGUARD GROUP INC removed 68,054 shares (-100.0%) from their portfolio in Q2 2024
  • GEODE CAPITAL MANAGEMENT, LLC removed 34,448 shares (-100.0%) from their portfolio in Q2 2024
  • HRT FINANCIAL LP removed 32,326 shares (-100.0%) from their portfolio in Q2 2024
  • TWO SIGMA SECURITIES, LLC removed 28,208 shares (-100.0%) from their portfolio in Q2 2024
  • ARMISTICE CAPITAL, LLC added 24,142 shares (+86.7%) to their portfolio in Q3 2024
  • STATE STREET CORP removed 22,463 shares (-100.0%) from their portfolio in Q2 2024
  • MILLENNIUM MANAGEMENT LLC removed 18,200 shares (-100.0%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release




Data to be presented at the 8



th



Annual Antifibrotic Drug Development (AFDD) Summit




PALI-2108 may offer a solution for fibrostenotic Crohn's disease by enhancing efficacy, safety, and therapeutic potential compared to traditional treatments




Carlsbad, CA, Nov. 21, 2024 (GLOBE NEWSWIRE) --

Palisade Bio, a clinical-stage biopharmaceutical company focused on developing novel therapeutics for autoimmune, inflammatory, and fibrotic diseases, today announced preclinical results for PALI-2108, a novel local PDE4 inhibitor prodrug. In recent studies using the Dextran Sulfate Sodium (DSS) colitis mouse model, PALI-2108 demonstrated a dose-dependent effect on key fibrotic pathways, underscoring its potential as an effective treatment for fibrostenotic Crohn's disease.



The data will be presented as part of an invited talk titled, "

Detailing Characteristics of Fibrostenotic Crohn's Disease Biology & the Potential of a Local PDE4 Inhibitor Prodrug to Minimize Off-Target Effects & Maximize Efficacy,

" delivered by Mitch Jones, MD, PhD, Chief Medical Officer of Palisade Bio, at the 8th Annual Antifibrotic Drug Development Summit, being held November 19-21, 2024, in Boston, MA.



"There remains an unmet need in Crohn's disease, with a number of patients experiencing substantial fibrosis resulting in stenosis at least once in their lifetime, often necessitating surgical intervention," said Dr. Jones. "Our findings in the DSS mouse model seem to demonstrate that PALI-2108 holds considerable promise as a targeted, dual-action (pleiotropic) anti-inflammatory and anti-fibrotic agent for treating fibrostenotic Crohn's disease, a condition we believe is inadequately addressed by current therapies. The data seems to indicate that PALI-2108 engages and modulates key fibrotic pathways directly in the intestinal and colonic mucosa, addressing the root cause of fibrosis while minimizing systemic side effects commonly associated with systemic PDE4 inhibitors. This offers what we believe could be a safer and more effective treatment option for patients."



The study evaluated PALI-2108 in an animal model of inflammatory bowel disease (IBD), often complicated by intestinal fibrosis. PALI-2108, a prodrug activated locally in the ileum and colon, was found to modulate key fibrotic pathways associated with both Crohn's disease and UC. A comprehensive analysis of gene expression revealed that PALI-2108 affected 187 genes involved in the four main fibrotic pathways of IBD, demonstrating an upregulation and downregulation of key markers. This suggests that PALI-2108 has the potential to reverse or prevent fibrotic progression in the intestines.



The study further revealed that PALI-2108 reduced key intracellular markers of inflammation and fibrosis in the colon, including PDE4B expression, while increasing cAMP levels—a crucial factor in maintaining tissue homeostasis. Notably, the dose-response relationship showed that higher doses of PALI-2108 further enhanced the fibrotic signature, reinforcing its potential as an effective, localized treatment for patients suffering from fibrostenotic Crohn's disease. The data also seemed to demonstrate that PALI-2108 offers enhanced safety and therapeutic potential compared to traditional treatments. Unlike systemic PDE4 inhibitors, PALI-2108 is designed to be activated locally, reducing the risk of common side effects such as nausea, which are frequently seen with oral PDE4 inhibitors like oral and inhaled roflumilast (AstraZeneca) for fibrotic COPD and oral apremilast (Amgen) and for inflammatory diseases like psoriasis and psoriatic arthritis.



The Company is evaluating PALI-2108 in a Phase 1 single-center, double-blind, placebo-controlled study focused on safety, tolerability, pharmacokinetics, and pharmacodynamics in healthy volunteers, alongside an open-label study involving UC patients. Topline data from the Phase 1 study is expected in the first half of 2025. For more information, visit clinicaltrials.gov and reference identifier


NCT06663605


.




About PALI-2108



PALI-2108 is an orally administered, locally acting colon-specific PDE4 inhibitor prodrug in development for patients affected by UC. The Company recently commenced a Phase 1 single-center, double-blind, placebo-controlled study of PALI-2108 focused on safety, tolerability, pharmacokinetics, and pharmacodynamics in healthy volunteers, alongside an open-label study involving a patient cohort with UC. It is anticipated that the comprehensive data gathered will support Palisade Bio's precision medicine strategy, aimed at identifying patient responders for future clinical studies.




About Palisade Bio



Palisade Bio is a clinical-stage biopharmaceutical company focused on developing and advancing novel therapeutics for patients living with autoimmune, inflammatory, and fibrotic diseases. The Company believes that by using a targeted approach with its novel therapeutics it will transform the treatment landscape. For more information, please go to





.




Forward Looking Statements



This communication contains "forward-looking" statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Company's intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the extent of our cash runway; our ability to successfully develop our licensed technologies; the timing and outcome of our current and anticipated applications and studies related to our product candidates; estimates about the size and growth potential of the markets for our product candidates, and our ability to serve those markets, including any potential revenue generated; future regulatory, judicial, and legislative changes or developments in the United States (U.S.) and foreign countries and the impact of these changes; our ability to maintain the Nasdaq listing of our securities; our ability to build a commercial infrastructure in the U.S. and other markets; our ability to compete effectively in a competitive industry; our ability to identify and qualify manufacturers to provide API and manufacture drug product; our ability to enter into commercial supply agreements; the success of competing technologies that are or may become available; our ability to attract and retain key scientific or management personnel; the accuracy of our estimates regarding expenses, future revenues, capital requirements and needs for additional financing; our ability to obtain funding for our operations; our ability to attract collaborators and strategic partnerships; and the impact of any global event on our business, and operations, and supply. Any statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements are based upon the Company's current expectations. Forward-looking statements involve risks and uncertainties. The Company's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the Company's ability to advance its nonclinical and clinical programs, the uncertain and time-consuming regulatory approval process; and the Company's ability to secure additional financing to fund future operations and development of its product candidates. Additional risks and uncertainties can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission ("SEC") on March 26, 2024, and any Quarterly Reports on Form 10-Q or other SEC filings that were filed thereafter. These forward-looking statements speak only as of the date hereof, and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.




Investor Relations Contact



JTC Team, LLC
Jenene Thomas
908-824-0775


PALI@jtcir.com




Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment