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Eledon Pharmaceuticals Reports Third Quarter 2021 Operating and Financial Results
Nearing full enrollment in ALS Phase 2 Study; topline data expected 1H 2022 Received Investigational New Drug (“IND”) clearance from the FDA for AT-1501 in
About this update from Eledon Pharmaceuticals, Inc.
[{"type":"text","content":"Nearing full enrollment in ALS Phase 2 Study; topline data expected 1H 2022 Received Investigational New Drug (“IND”) clearance from the FDA for AT-1501 in islet cell transplantation in the U.S. Announced renal transplantation research collaboration with CareDx, Inc. Initiated AT-1501 monotherapy non-human primate renal transplant study; topline data expected 1H 2022 Conference call today at 4:30 PM ET IRVINE, Calif., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN), a clinical stage biopharmaceutical company focused on developing targeted medicines for persons requiring an organ or cell-based transplant, living with autoimmune disease, or living with amyotrophic lateral sclerosis (ALS), today reported its third quarter 2021 operating and financial results. “We made significant progress across our three therapeutic areas: transplantation focusing on kidney and islet cell transplantation, autoimmunity focused on IgA Nephropathy (IgAN), and neurodegeneration focusing on ALS,” stated David-Alexandre C. Gros, M.D., Chief Executive Officer. “In ALS, we completed enrollment in the first three cohorts of our phase 2 study and anticipate completing enrollment in the fourth and final cohort by year-end. In renal transplantation, we are in the process of opening our first clinical site in Canada and our non-human primate study in the U.S. is well underway. We recently announced IgAN as the next indication for development of AT-1501 and are still on track to initiate a Phase 2 trial by the end of this year. Finally, we received IND clearance for AT-1501 to initiate a clinical trial for the prevention of islet cell rejection in the U.S. We remain focused on continued execution across our three therapeutic areas in 2021 and building momentum as we prepare for multiple data readouts in 2022.” “In addition, we recently announced our research collaboration with CareDx, the leader in precision medicine for transplant patients and caregivers,” said Steven Perrin, Ph.D., President and Chief Scientific Officer of Eledon. “This multi-year and multi-trial collaboration provides us with access to CareDx’s best-in-class technologies for our renal transplantation studies. Our partner’s extensive experience with biomarkers and predictive algorithms will allow us to gather important insights on the potential for pro...