Healthcare
IGC Pharma Reports Q2 2026 Results as CALMA Alzheimer's Trial Moves Within Six Randomizations of Enrollment Closure
Phase 2 topline readout expected in Q4 2026 following patient follow-up, database lock, and unblinding POTOMAC, MD / ACCESS Newswire / August 17, 2026 / IGC Pharma, Inc. (NYSE American:IGC), a clinical-stage biotechnology company developing therapeutics ...
About this update from Igc Pharma, Inc.
Phase 2 topline readout expected in Q4 2026 following patient follow-up, database lock, and unblinding POTOMAC, MD / ACCESS Newswire / August 17, 2026 / IGC Pharma, Inc. (NYSE American:IGC), a clinical-stage biotechnology company developing therapeutics and AI-enabled tools for Alzheimer's disease, today announced financial results for the second quarter ended June 30, 2026, and provided an update on the Company's lead Alzheimer's program, IGC-AD1. During the second quarter, the Phase 2 CALMA trial of IGC-AD1 reached the Company's previously disclosed 146-patient baseline randomization target. Subsequent to quarter-end, CALMA has continued its final planned over-enrollment phase and is now within six additional randomizations of expected enrollment closure. Patient follow-up, database lock, unblinding, and topline analysis are expected to follow, with topline data anticipated in the fourth quarter of 2026. "CALMA is now approaching enrollment closure, and our focus is on execution, patient follow-up, data quality, and readiness for topline analysis," said Ram Mukunda, Chief Executive Officer of IGC Pharma. "During the quarter, we reached the original 146-patient randomization target, and subsequent progress has moved the trial within six randomizations of expected enrollment closure. This is an important execution phase for IGC-AD1 as we prepare the CALMA dataset for scientific, regulatory, and strategic evaluation following completion of the Phase 2 trial." IGC-AD1 is the Company's lead investigational therapeutic candidate for agitation associated with Alzheimer's dementia, a condition that creates significant burden for patients, caregivers, clinicians, and healthcare systems. CALMA is a randomized, double-blind, placebo-controlled Phase 2 trial designed to evaluate IGC-AD1 in this population. Second Quarter and Recent Highlights Q2 2026 Financial Summary For the three months ended June 30, 2026, revenue was approximately $265 thousand, compared with approximately $328 thousand for the prior-year quarter. Research and development expenses were approximately $1.4 million, compared with approximately $851 thousand in the prior-year quarter, primarily reflecting continued investment in CALMA and the Company's pharmaceutical development programs. Selling, general and administrative expenses were approximately $1.4 million, compared with approximately $1.2 ...