Eledon Pharmaceuticals completed Phase 2 trial enrollment for tegoprubart, reporting positive data on safety and efficacy in transplantation.
Quiver AI Summary
Eledon Pharmaceuticals has announced significant progress in 2024 regarding its investigational drug tegoprubart, completing enrollment in the Phase 2 BESTOW trial for kidney transplantation ahead of schedule, with topline results expected in Q4 2025. The company presented promising data from its ongoing Phase 1b trial, confirming the safety and tolerability of tegoprubart in preventing organ rejection in kidney transplants. Initial positive outcomes were also reported from patients with type 1 diabetes receiving tegoprubart post-islet transplantation at UChicago Medicine. Additionally, Eledon completed two financings, raising $135 million to fund operations through 2026. Looking forward, Eledon plans to report updated clinical data throughout 2025, further establishing tegoprubart's potential as an innovative immunosuppression therapy.
Potential Positives
- Completed enrollment in Phase 2 BESTOW trial four months ahead of schedule, on track to report topline results in fourth quarter of 2025.
- Presented updated data from ongoing Phase 1b trial supporting safety and tolerability of tegoprubart in kidney transplantation.
- Announced positive initial data from investigator-initiated trial suggesting potential for insulin independence in type 1 diabetes patients using tegoprubart.
- Completed financings totaling $135 million, expected to support operations through end of 2026.
Potential Negatives
- Completion of financings totaling $135 million, indicating potential cash flow concerns or previous funding challenges.
- The press release includes a significant emphasis on forward-looking statements, which indicates inherent risks and uncertainties regarding the company's future performance.
- The timeline for reporting topline results from the Phase 2 BESTOW trial extends to the fourth quarter of 2025, suggesting a long wait for stakeholders seeking timely results.
FAQ
What are the key milestones achieved by Eledon Pharmaceuticals in 2024?
Eledon completed Phase 2 BESTOW trial enrollment, presented positive data from ongoing trials, and secured $135 million in funding.
When will the topline results of the BESTOW trial be reported?
The topline results from the Phase 2 BESTOW trial are expected to be reported in the fourth quarter of 2025.
What is tegoprubart, and how is it used?
Tegoprubart is an anti-CD40L monoclonal antibody developed to prevent organ rejection in kidney transplantation and islet cell transplants.
How does tegoprubart support kidney transplantation?
Tegoprubart has shown safety and tolerability, with positive data on preventing organ rejection in clinical trials for kidney transplantation.
What financial support has Eledon secured for its operations?
Eledon completed two financings totaling $135 million, expected to support operations through the end of 2026.
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.
$ELDN Hedge Fund Activity
We have seen 12 institutional investors add shares of $ELDN stock to their portfolio, and 7 decrease their positions in their most recent quarter.
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- ZIMMER PARTNERS, LP removed 674,977 shares (-32.0%) from their portfolio in Q3 2024
- VANGUARD GROUP INC added 461,092 shares (+41.8%) to their portfolio in Q3 2024
- WOODLINE PARTNERS LP added 167,649 shares (+24.8%) to their portfolio in Q3 2024
- CM MANAGEMENT, LLC added 115,000 shares (+71.9%) to their portfolio in Q3 2024
- MORGAN STANLEY added 81,316 shares (+3773.4%) to their portfolio in Q3 2024
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Full Release
Completed enrollment in Phase 2 BESTOW trial assessing tegoprubart in kidney transplantation four months ahead of schedule; on track to report topline results in fourth quarter of 2025
Presented updated data on 13 participants from ongoing Phase 1b trial that continue to support safety and tolerability of tegoprubart for prevention of organ rejection in kidney transplantation
Announced positive initial data from first three subjects with type 1 diabetes treated with tegoprubart as part of immunosuppression regimen following islet transplantation in investigator-initiated trial at UChicago Medicine
Completed two financings totaling $135 million in combined gross proceeds, with funds expected to support operations through end of 2026
IRVINE, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (Nasdaq: ELDN) today announced a summary of 2024 accomplishments and provided guidance for anticipated 2025 business milestones.
“2024 was a transformative year for Eledon as we achieved multiple key clinical milestones for tegoprubart across kidney, islet cell, and xenograft transplantation,” said David-Alexandre C. Gros, M.D., Chief Executive Officer of Eledon. “Moreover, the data we reported reinforced the potential of tegoprubart to be a best-in-class immunosuppression therapy to prevent transplant rejection and disrupt the current standard of care. We now look forward to another pivotal year ahead.”
2024 Key Highlights
Completed enrollment of 120 patients in the Phase 2 BESTOW clinical trial approximately four months earlier than originally planned. The Phase 2 trial is designed to assess the safety and efficacy of tegoprubart for the prevention of organ rejection in patients undergoing kidney transplantation.
Presented updated data at the American Transplant Congress (ATC) from the ongoing Phase 1b open-label trial evaluating tegoprubart for the prevention of organ rejection in kidney transplant patients. Updated data from 13 participants demonstrated that tegoprubart was generally safe and well tolerated, with an overall mean estimated glomerular filtration rate (eGFR) of 70.5 mL/min/1.73m
2
at all reported time points after day 30 post-transplant. Two participants completed more than 12 months on therapy post-transplant, and both demonstrated mean eGFRs above 90 mL/min/1.73m
2
at one-year post-transplant.
Announced positive initial data for the first three islet transplant recipients treated with tegoprubart as part of an immunosuppression regimen for the prevention of islet transplant rejection in subjects with type 1 diabetes in an investigator-initiated trial at the University of Chicago Medicine’s Transplant Institute. The data demonstrated potentially the first human cases of insulin independence achieved using an anti-CD40L monoclonal antibody immunosuppression therapy without the use of tacrolimus, the current standard of care for prevention of transplant rejection.
Announced the use of tegoprubart as part of the immunosuppression treatment regimen used following the first-ever kidney xenotransplant procedure of a genetically modified pig kidney to a human.
Completed two financings for combined total gross proceeds of $135.0 million, before deducting any offering related expenses, which is anticipated to support company operations to the end of 2026.
Anticipated 2025 Milestones
Summer 2025: Report updated interim clinical data from the ongoing Phase 1b and long-term efficacy extension studies of tegoprubart in kidney transplantation.
4Q 2025: Report topline results from the Phase 2 BESTOW trial of tegoprubart in kidney transplantation.
2025: Report longer-term follow up results from the investigator-led clinical trial at UChicago Medicine Transplant Institute for pancreatic islet transplantation in subjects with type 1 diabetes involving use of tegoprubart as part of immunosuppression regimen.
About Eledon Pharmaceuticals and tegoprubart
Eledon Pharmaceuticals, Inc. is a clinical stage biotechnology company that is developing immune-modulating therapies for the management and treatment of life-threatening conditions. The Company’s lead investigational product is tegoprubart, an anti-CD40L antibody with high affinity for the CD40 Ligand, a well-validated biological target that has broad therapeutic potential. The central role of CD40L signaling in both adaptive and innate immune cell activation and function positions it as an attractive target for non-lymphocyte depleting, immunomodulatory therapeutic intervention. The Company is building upon a deep historical knowledge of anti-CD40 Ligand biology to conduct preclinical and clinical studies in kidney allograft transplantation, xenotransplantation, and amyotrophic lateral sclerosis (ALS). Eledon is headquartered in Irvine, California. For more information, please visit the Company’s website at
www.eledon.com
.
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Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. Any statements about the company’s future expectations, plans and prospects, including statements about planned clinical trials, the development of product candidates, expected timing for initiation of future clinical trials, expected timing for receipt of data from clinical trials, the company’s capital resources and ability to finance planned clinical trials, as well as other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “estimates,” “intends,” “predicts,” “projects,” “targets,” “looks forward,” “could,” “may,” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and are subject to numerous risks and uncertainties, including: risks relating to the safety and efficacy of our drug candidates; risks relating to clinical development timelines, including interactions with regulators and clinical sides, as well as patient enrollment; risks relating to costs of clinical trials and the sufficiency of the company’s capital resources to fund planned clinical trials; and risks associated with the impact of the ongoing coronavirus pandemic. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors. These risks and uncertainties, as well as other risks and uncertainties that could cause the company’s actual results to differ significantly from the forward-looking statements contained herein, are discussed in our quarterly 10-Q, annual 10-K, and other filings with the U.S. Securities and Exchange Commission, which can be found at
www.sec.gov
. Any forward-looking statements contained in this press release speak only as of the date hereof and not of any future date, and the company expressly disclaims any intent to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact:
Stephen Jasper
Gilmartin Group
(858) 525 2047
stephen@gilmartinir.com
Media Contact:
Jenna Urban
CG Life
(212) 253 8881
jurban@cglife.com
Source: Eledon Pharmaceuticals
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