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Recursion Announces FDA Clearance of Investigational New Drug Application for REC-1245, a Potential First-In-Class RBM39 Degrader for Biomarker-Enriched Solid Tumors and Lymphoma

  • First program to combine Recursion’s end–to–end suite of AI–enabled active learning modules, resulting in target identification to IND enabling studies in under 18 months
  • Plan to initiate dosing of Phase 1/2 in Q4 2024 to evaluate REC–1245 in a biomarker enriched patient population, including patients with solid tumors and lymphoma

SALT LAKE CITY, Oct. 02, 2024 (GLOBE NEWSWIRE) — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced that the U.S. Food and Drug Administration (FDA) has cleared an investigational new drug (IND) application for a Phase 1/2 clinical trial of REC–1245, a new chemical entity for the treatment of biomarker–enriched solid tumors and lymphoma.

Chris Gibson, Ph.D., Co–founder and CEO of Recursion said, “REC–1245 is a prime example of using an expansive AI–enabled platform for drug discovery. After exploring many predicted biological and chemical relationships across our maps of biology, we identified RMB39 as a novel target that looks functionally similar to the well–known but hard to drug target CDK12. We also identified and optimized small molecules that target RBM39 without directly impacting CDK12 or CDK13 using these same AI–enabled maps. In under 18 months, leveraging some of our newer chemistry tools, Recursion rapidly progressed REC–1245 from novel target biology to preclinical drug candidate, more than twice the speed of industry average.”

Recursion identified the novel regulatory role of RBM39 associated with CDK12 using its maps of biology and first reported this relationship in early 2023 at Download Day, Recursion’s R&D and investor event. Recursion believes the modulation of RBM39 may be associated with a therapeutic effect in certain biomarker–enriched solid tumors and lymphoma. Additionally, Recursion estimates that the initially addressable population for this potential therapeutic to be >100,000 patients in the US and EU5. REC–1245 is a potent and selective RBM39 degrader with a potential first–in–class profile. Preclinical data support that RBM39 degradation induces splicing defects which downregulate DNA Damage Response (DDR) networks and cell cycle checkpoints.

“RBM39 degraders may offer a promising therapeutic approach for patients with solid tumors, particularly those with limited treatment options,” said Najat Khan, Ph.D., Chief R&D Officer and Chief Commercial Officer at Recursion. “Recursion’s platform was among the first to rapidly uncover the therapeutic potential of RBM39 degradation, a finding now validated by independent research. This mechanism provides new opportunities for targeting tumors, which are often resistant to conventional treatments. By advancing this research, we aim to deliver a critical option for patients facing significant unmet needs, ultimately improving their prognosis and quality of life.”

The Phase 1/2 clinical trial will evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and potential monotherapy efficacy of REC–1245, and is expected to initiate in Q4 2024.

About Recursion

Recursion (NASDAQ: RXRX) is a clinical stage TechBio company decoding biology to industrialize drug discovery. Enabling its mission is the Recursion OS, a platform built across diverse technologies that continuously expands one of the world’s largest proprietary biological and chemical datasets. Recursion leverages sophisticated machine–learning algorithms to distill from its dataset a collection of trillions of searchable relationships across biology and chemistry unconstrained by human bias. By commanding massive experimental scale — up to millions of wet lab experiments weekly — and massive computational scale — owning and operating one of the most powerful supercomputers in the world, Recursion is uniting technology, biology and chemistry to advance the future of medicine.

Recursion is headquartered in Salt Lake City, where it is a founding member of BioHive, the Utah life sciences industry collective. Recursion also has offices in Toronto, Montréal, London, and the San Francisco Bay Area. Learn more at www.Recursion.com, or connect on X (formerly Twitter) and LinkedIn.

Media Contact
[email protected]

Investor Contact
[email protected]

Forward–Looking Statements

This document contains information that includes or is based upon “forward–looking statements” within the meaning of the Securities Litigation Reform Act of 1995, including, without limitation, those regarding the potential efficacy of REC–1245; timing of and plans to initiate dosing of Phase 1 clinical trial of REC–1245; early and late stage discovery, preclinical, and clinical programs; licenses and collaborations; prospective products and their potential future indications and market opportunities; Recursion OS and other technologies; business and financial plans and performance; and all other statements that are not historical facts. Forward–looking statements may or may not include identifying words such as “plan,” “will,” “expect,” “anticipate,” “intend,” “believe,” “potential,” “continue,” and similar terms. These statements are subject to known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements, including but not limited to: challenges inherent in pharmaceutical research and development, including the timing and results of preclinical and clinical programs, where the risk of failure is high and failure can occur at any stage prior to or after regulatory approval due to lack of sufficient efficacy, safety considerations, or other factors; our ability to leverage and enhance our drug discovery platform; our ability to obtain financing for development activities and other corporate purposes; the success of our collaboration activities; our ability to obtain regulatory approval of, and ultimately commercialize, drug candidates; our ability to obtain, maintain, and enforce intellectual property protections; cyberattacks or other disruptions to our technology systems; our ability to attract, motivate, and retain key employees and manage our growth; inflation and other macroeconomic issues; and other risks and uncertainties such as those described under the heading “Risk Factors” in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10–K and Quarterly Reports on Form 10–Q. All forward–looking statements are based on management’s current estimates, projections, and assumptions, and Recursion undertakes no obligation to correct or update any such statements, whether as a result of new information, future developments, or otherwise, except to the extent required by applicable law.


GLOBENEWSWIRE (Distribution ID 9249970)

Curium Announces Strategic Partnership with PeptiDream for Prostate Cancer Theranostics in Japan

  • Collaboration to include the clinical development, regulatory filing, and commercialization in Japan of 177Lu–PSMA–I&T and 64Cu–PSMA–I&T
  • Builds on long–standing relationship between the two companies
  • In Japan around 90,000 new cases of prostate cancer are diagnosed each year

PARIS, Oct. 01, 2024 (GLOBE NEWSWIRE) — Curium, a world leader in nuclear medicine, announced today that it has entered into a strategic partnership with PDRadiopharma Inc, a wholly–owned subsidiary of PeptiDream, for the clinical development, regulatory filing, and commercialization in Japan of 177Lu–PSMA–I&T and 64Cu–PSMA–I&T. The two agents 177Lu–PSMA–I&T and 64Cu–PSMA–I&T target prostate specific membrane antigen (PSMA) expressed on prostate cancer cells and are being investigated for prostate cancer treatment and diagnostics. Both target tumors with high levels of PSMA expression and thus potentially forming a theranostic (therapeutic & diagnostic) pair.

Under the terms of the partnership, Curium and PDRadiopharma will jointly collaborate on clinical development activities of 177Lu–PSMA–I&T and 64Cu–PSMA–I&T in Japan, with PDRadiopharma leading regulatory filing, manufacturing, commercialization, and distribution activities in Japan. Curium will continue to lead global development of the two agents and support PDRadiopharma through technology transfer to support the set–up of manufacturing lines in Japan – including a high throughput Copper 64 manufacturing line based on Curium’s proprietary technology.

Patrick C. Reid, President & CEO of PeptiDream commented: “Targeted radiopharmaceuticals are rapidly revolutionizing how we both diagnose and treat cancer. At PeptiDream and PDRadiopharma we are focused on expanding our pipeline of these powerful targeted therapies, and we are thrilled to be able to accelerate those efforts by partnering with Curium to bring their highly promising prostate cancer targeting radiopharmaceuticals to patients in Japan.”

Masato Murakami, President of PDRadiopharma & CMO of PeptiDream commented: “We are excited to partner with Curium in the development of 177Lu–PSMA–I&T and 64Cu–PSMA–I&T, highly promising products for both the diagnosis and treatment of PSMA–expressing prostate cancer. We look forward to working with Curium to deliver these much–needed agents to prostate cancer patients in Japan as quickly as possible.”

Chaitanya Tatineni, Curium’s CEO International Markets commented: “As a global innovator in the field of radiopharmaceuticals with a promising late–stage oncology pipeline, Curium is delighted to partner with PDRadiopharma which has more than four decades of experience in Japan. Curium and PDRadiopharma plan to leverage their complementary strengths to accelerate the development of innovative products for the benefit of prostate cancer patients in Japan.”

Prostate cancer continues to be widely prevalent in Japan. Annually, there are approximately 90,000 – 100,000 new cases, with patients with metastatic castration–resistant prostate cancer having an overall survival rate of approximately three years in clinical trial settings, and even shorter in the real–world, and there remains a significant unmet medical need for therapies.

177Lu–PSMA–I&T, a PSMA inhibitor conjugated with the radioisotope Lutetium 177, is currently being tested by Curium in a global pivotal Phase 3 ECLIPSE trial (ClinicalTrials.gov identifier; NCT05204927). ECLIPSE is a multi–center, open–label, randomized clinical trial comparing the safety and efficacy of 177Lu–PSMA–I&T versus hormone therapy in patients with metastatic castration–resistant prostate cancer. The ECLIPSE trial enrolled over 400 patients, across 51 trial sites in the United States and Europe.

64Cu–PSMA–I&T PET is currently being investigated in 2 multicenter Phase 3 trials; SOLAR RECUR testing the diagnostic performance in men with biochemical recurrence of prostate cancer (ClinicalTrials.gov identifier NCT06235099) and SOLAR STAGE testing the diagnostic performance in men with newly diagnosed unfavorable intermediate– to high–risk prostate cancer (ClinicalTrials.gov identifier; NCT06235151). The first in human Phase 1/2 SOLAR trial met the co–primary endpoints of region–level correct localization rate and patient–level correct detection rate in patients with histologically–proven metastatic prostate cancer. PSMA–targeted PET/CT imaging is increasingly emerging as a highly sensitive method for detection of locally recurrent or metastatic lesions in the context of biochemical recurrence and for localization of primary prostate cancer.

Curium and PDRadiopharma have a long–standing relationship in the radiopharmaceutical field.

For more information:

PeptiDream Inc.
Yuko Okimoto, IR & Public Affairs
[email protected]

PDRadiopharma Inc.
Noriko Tanaka, General Affairs
s–info–[email protected]

Curium
Ross Bethell
VP, Head of Global Communications
[email protected]

About PeptiDream Inc.
PeptiDream Inc. (Tokyo Stock Exchange Prime Market 4587) is leading the translation of macrocyclic peptides into a whole new class of innovative medicines to address unmet medical needs and improve the quality of life of patients worldwide. In its radiopharmaceutical business, through its wholly–owned subsidiary PDRadiopharma, PeptiDream markets and sells a number of approved radiopharmaceuticals and radiodiagnostics in Japan, as well as leveraging its proprietary Peptide Discovery Platform System (PDPS) technology to discover and develop a deep pipeline of innovative targeted radiotherapeutics and radiodiagnostics, spanning both wholly–owned internal programs and globally partnered programs. In its non–radiopharmaceutical business, PeptiDream is similarly leveraging PDPS to discover and develop a broad and diverse pipeline of investigational peptide therapeutics, peptide drug conjugates (PDC) and multi–functional peptide conjugates (MPC) across an extensive global network of discovery and development partners.   PeptiDream is headquartered in Kawasaki, Japan. For more information about our company, science and pipeline, please visit www.peptidream.com/en

About PDRadiopharma
PDRadiopharma, a wholly–owned subsidiary of PeptiDream since 2022, has been providing high–quality radiopharmaceuticals through the research and development, manufacturing, regulatory and sales as a forerunner in the field in radiopharmaceuticals, since it started its business in 1968. PDRadiopharma currently markets 21 radiodiagnostic products (spanning both SPECT and PET products) and 8 radiotherapeutic products (3 product categories) in Japan. Additionally, PDRadiopharma and PeptiDream are developing a broad pipeline of radiotherapeutics and radiodiagnostics for both the Japan and global markets. For more information about PDRadiopharma, please visit www.pdradiopharma.com/en

About Curium
Curium is a world leader in nuclear medicine. We develop, manufacture, and distribute world–class radiopharmaceutical products to help patients around the globe. Our proven heritage combined with a pioneering approach are the hallmarks to deliver innovation, excellence, and unparalleled service. With manufacturing facilities across Europe and the United States, Curium delivers SPECT, PET and therapeutic radiopharmaceutical solutions for life–threatening diseases to over 14 million patients annually. The name ‘Curium’ honors the legacy of pioneering radioactive materials researchers Marie and Pierre Curie, after whom the radioactive element curium was named and emphasizes our focus on nuclear medicine. To learn more, visit www.curiumpharma.com    


GLOBENEWSWIRE (Distribution ID 9249316)

Entera Bio and OPKO Health Provide Update on PK/PD Results of Oral Oxyntomodulin (GLP-1/Glucagon) Peptide Tablet Candidate for Obesity and Metabolic Disorders

JERUSALEM and MIAMI, Sept. 25, 2024 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX) (Entera), a leader in the development of orally delivered peptides, and OPKO Health, Inc. (NASDAQ: OPK) (OPKO) announced today topline pharmacokinetic/pharmacodynamic (PK/PD) results from their ongoing collaborative research combining a proprietary long–acting oxyntomodulin (OXM) analog developed by OPKO and Entera’s proprietary N–Tab™ technology. The program is focused on developing the first oral dual agonist GLP–1/glucagon peptide as a potential once–daily treatment for patients with obesity, metabolic and fibrotic disorders. OXM is a naturally occurring peptide hormone found in the small intestine that acts to suppress appetite and induce weight loss.

Entera and OPKO have completed in vivo proof–of–concept PK/PD studies in rodent and pig models. The studies’ objectives were met with oral OXM exhibiting significant systemic exposure following a single dose in both models. Furthermore, a favorable PK profile and bioavailability were shown with oral OXM. In the pig model, oral OXM achieved high plasma concentrations with prolonged systemic exposure, which is consistent with the reported half–life for semaglutide (Rybelsus®), the only approved oral GLP–1 analog.

To assess the pharmacologic effect of oral OXM, a glucose tolerance test was performed in rats. Oral OXM showed a statistically significant reduction in plasma glucose levels post–glucose administration compared with placebo. Entera and OPKO plan to present these data at an upcoming clinical conference.

“We are very pleased with the progress we are making in our collaboration with OPKO. These bioavailability and pharmacological data support continuing toward IND–enabling efforts for the program,” said Miranda Toledano, Entera Chief Executive Officer.

OPKO previously reported that weekly injections of pegylated OXM demonstrated significant weight loss and reduction in HbA1, triglyceride and cholesterol levels in 113 obese and diabetic patients in a Phase 2B study. The OXM agonist peptide has since been modified to maintain its long–acting profile while increasing its potential potency. Currently, there are no approved OXM agonists available, and those in development by others are small molecules or require subcutaneous injections.

About Entera Bio

Entera is a clinical–stage company focused on developing oral peptide or protein replacement therapies for significant unmet medical needs where an oral tablet form holds the potential to transform the standard of care. The Company leverages a disruptive and proprietary technology platform (N–Tab™) and its pipeline includes five differentiated, first–in–class oral peptide programs, expected to enter the clinic (Phase 1 to Phase 3) by 2025. The Company’s most advanced product candidate, EB613 (oral PTH (1–34)), is being developed as the first oral, osteoanabolic (bone building) once–daily tablet treatment for post–menopausal women with low BMD and high–risk osteoporosis. A placebo controlled, dose ranging Phase 2 study of EB613 tablets (n=161) met primary (PD/bone turnover biomarker) and secondary (BMD) endpoints. Entera is preparing to initiate a Phase 3 registrational study for EB613 pursuant to the FDA’s qualification of a quantitative BMD endpoint, which is expected to occur by January 2025. The EB612 program is being developed as the first oral PTH (1–34) tablet peptide replacement therapy for hypoparathyroidism. In collaboration with OPKO Health, Entera is also developing the first oral oxyntomodulin, a dual targeted GLP–1/glucagon peptide, in tablet form for the treatment of obesity; and the first oral GLP–2 peptide tablet as an injection–free alternative for patients suffering from rare malabsorption conditions such as short bowel syndrome. For more information, visit www.enterabio.com or follow us on LinkedIn, X (formerly Twitter), Facebook and Instagram.

About OPKO Health

OPKO Health is a multinational biopharmaceutical and diagnostics company that seeks to establish industry–leading positions in large, rapidly growing markets by leveraging its discovery, development and commercialization expertise, and its novel and proprietary technologies. For more information, visit www.opko.com.

Cautionary Statement Regarding Forward Looking Statements
Various statements in this press release are “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) in this press release regarding our prospects, plans, financial position, business strategy and expected financial and operational results may constitute forward–looking statements. Words such as, but not limited to, “anticipate,” “believe,” “can,” “could,” “expect,” “estimate,” “design,” “goal,” “intend,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “target,” “likely,” “should,” “will” and “would,” or the negative of these terms and similar expressions or words, identify forward–looking statements. Forward–looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Forward–looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved.

Important factors that could cause actual results to differ materially from those reflected in Entera’s and OPKO’s forward–looking statements include, among others: changes in the interpretation of clinical data; results of our clinical trials; the FDA’s interpretation and review of our results from and analysis of our clinical trials; unexpected changes in our ongoing and planned preclinical development and clinical trials, the timing of and our ability to make regulatory filings and obtain and maintain regulatory approvals for our product candidates; the potential disruption and delay of manufacturing supply chains; loss of available workforce resources, either by Entera or its collaboration and laboratory partners; impacts to research and development or clinical activities that Entera or OPKO may be contractually obligated to provide; overall regulatory timelines; the size and growth of the potential markets for our product candidates; the scope, progress and costs of developing our product candidates; Entera’s reliance on third parties to conduct its clinical trials; Entera and OPKO’s expectations regarding licensing, business transactions and strategic collaborations; Entera’s operation as a development stage company with limited operating history; Entera’s ability to continue as a going concern absent access to sources of liquidity; Entera’s ability to comply with Nasdaq’s minimum listing standards and other matters related to compliance with the requirements of being a public company in the United States; Entera’s and OPKO’s intellectual property position and its ability to protect its intellectual property; and other factors that are described in the “Cautionary Statements Regarding Forward–Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Entera’s and OPKO’s most recent Annual Report on Form 10–K filed with the SEC, as well as the companies’ subsequently filed Quarterly Reports on Form 10–Q and Current Reports on Form 8–K. There can be no assurance that the actual results or developments anticipated by Entera and OPKO will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Entera or OPKO as applicable. Therefore, no assurance can be given that the outcomes stated or implied in such forward–looking statements and estimates will be achieved. Entera and OPKO caution investors not to rely on the forward–looking statements made in this press release. The information in this press release is provided only as of the date of this press release, and Entera and OPKO undertake no obligation to update or revise publicly any forward–looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.


GLOBENEWSWIRE (Distribution ID 9236250)

Recursion Announces Phase 2 Data of REC-994, a First-in-Disease Investigational Treatment for Symptomatic Cerebral Cavernous Malformation (CCM), has Met its Primary Endpoint of Safety and Tolerability

SALT LAKE CITY, Sept. 03, 2024 (GLOBE NEWSWIRE) — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to radically improve lives, today announced top–line results of the SYCAMORE trial, a 12–month Phase 2 randomized double–blind, placebo–controlled, safety, tolerability and exploratory efficacy study for REC–994 in symptomatic CCM patients.

REC–994 met its primary endpoint of safety and tolerability, demonstrating a similar profile across placebo and both 200mg and 400mg dosage–arms with regard to the frequency and severity of adverse events after 12 months of treatment. Magnetic resonance imaging–based secondary efficacy endpoints showed a trend towards reduced lesion volume and hemosiderin ring size in patients at the highest dose (400mg) as compared to placebo. Time–dependent improvement in these trends at the 400mg dose was also observed in this signal–finding study. Improvements in either patient or physician–reported outcomes were not yet seen at the 12 month time point. A meeting with the FDA is anticipated as soon as practical to discuss plans for an additional clinical study. Recursion plans to present data from this trial at a forthcoming medical conference and intends to submit these data for publication in a peer reviewed scientific journal.

“These studies are making significant strides in the development of therapeutics for CCM. The data from this readout is an impressive start and will provide a valuable contribution to the existing CCM literature and strongly supports the need for a future study, with a longer duration and a larger patient cohort,” said Dr. Jan–Karl Burkhardt, MD, Division Head, Cerebrovascular Surgery, University of Pennsylvania and Principal Investigator of the study. Connie Lee, Psy.D., founder and CEO of the Alliance to Cure Cavernous Malformation added: “I speak for the patients who have participated in the trial and those who have been cheering from the sidelines while waiting for news. This promising start is a critical step forward and will bring hope to thousands of families who currently have no options but brain or spinal cord surgery. The Alliance to Cure Cavernous Malformation looks forward to partnering with Recursion as they move to the next stage of the REC–994 program.”

“We are encouraged by the recent data from our signal–finding Phase 2 study in CCM, where the trial successfully met its primary safety endpoint and became the first investigational therapy to demonstrate safety alongside some promising trends in exploratory efficacy endpoints. These results provide critical insights that will inform our next study design, including exploring study duration, higher doses, and a larger cohort of patients,” said Najat Khan, Ph.D., Chief R&D Officer and Chief Commercial Officer of Recursion. “This is the first of several key clinical readouts for the company and represents an early proof–of–platform milestone for our constantly evolving Recursion OS, as we build upon our success in drug discovery with expertise and execution in mid–phase development. We are deeply grateful to the patients and investigators, and we are committed to advancing potential transformational therapies for CCM and beyond.”

Background on Cerebral Cavernous Malformation (CCM)

CCM is a neurovascular condition that impacts approximately 360,000 symptomatic individuals in the US and EU5. The disease is often underdiagnosed and potentially affects over 1 million patients worldwide. CCM manifests as vascular malformations of the spinal cord and brain characterized by abnormally enlarged capillary cavities without intervening brain parenchyma. Patients with CCM lesions are at substantial risk for seizures, headaches, progressive neurological deficits, and potentially fatal hemorrhagic stroke. Currently, only non–pharmacologic treatments including microsurgical resection and stereotactic radiosurgery are available options for this high unmet need patient population. However, surgical resection or stereotactic radiosurgery is not always feasible because of location and may not be curative.

About REC–994

REC–994 is an orally bioavailable, superoxide scavenger small molecule under development for the treatment of symptomatic CCM. The potential of REC–994 in CCM was demonstrated using the earliest version of what would become the foundational technology underlying the Recursion OS. Subsequently, REC–994 demonstrated preclinical activity in models for CCM and tolerability and suitability for chronic dosing in Phase 1 single ascending dose escalation (SAD) and multiple ascending dose escalation (MAD) trials in healthy volunteers directed and executed by Recursion. Recursion has sought and received Orphan Drug Designation for REC–994 in symptomatic CCM in the US and Europe.

About the Trial

Our Phase 2 SYCAMORE clinical trial is a randomized, double–blind, placebo–controlled study of two doses of REC–994 in participants with CCM. The primary endpoint of the study is safety and tolerability. Secondary efficacy endpoints include MRI–based endpoints, clinician and patient reported outcomes, as well as selected biomarkers. This trial was fully enrolled in June 2023 with 62 participants, and 80% of participants who completed 12 months of treatment have entered the long–term extension study. This signal–finding study was not powered to demonstrate statistical significance.

About Recursion

Recursion (NASDAQ: RXRX) is a clinical stage TechBio company leading the space by decoding biology to radically improve lives. Enabling its mission is the Recursion OS, a platform built across diverse technologies that continuously generate one of the world’s largest proprietary biological and chemical datasets. Recursion leverages sophisticated machine–learning algorithms to distill from its dataset a collection of trillions of searchable relationships across biology and chemistry unconstrained by human bias. By commanding massive experimental scale — up to millions of wet lab experiments weekly — and massive computational scale — owning and operating one of the most powerful supercomputers in the world, Recursion is uniting technology, biology and chemistry to advance the future of medicine.

Recursion is headquartered in Salt Lake City, where it is a founding member of BioHive, the Utah life sciences industry collective. Recursion also has offices in Toronto, Montréal, London, and the San Francisco Bay Area. Learn more at www.Recursion.com, or connect on X (formerly Twitter) and LinkedIn.

Media Contact
[email protected]

Investor Contact
[email protected]

Forward–Looking Statements

This document contains information that includes or is based upon “forward–looking statements” within the meaning of the Securities Litigation Reform Act of 1995, including, without limitation, those regarding Recursion’s anticipated meeting with the FDA; Recursion’s plans to present SYCAMORE trial data at a medical conference and submit the data for publication; the clinical relevance of the SYCAMORE trial data and obtaining additional confirmatory data; promising trends in REC–994 efficacy endpoints; advancing potential transformational therapies for CCM and beyond; subsequent REC–994 studies and their results and advancing Recursion’s REC–994 program further; the size of the potential CCM patient population; Recursion OS and other technologies potential and advancement of the future of medicine; business and financial plans and performance; and all other statements that are not historical facts. Forward–looking statements may or may not include identifying words such as “plan,” “will,” “expect,” “anticipate,” “intend,” “believe,” “potential,” “continue,” and similar terms. These statements are subject to known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements, including but not limited to: challenges inherent in pharmaceutical research and development, including the timing and results of preclinical and clinical programs, where the risk of failure is high and failure can occur at any stage prior to or after regulatory approval due to lack of sufficient efficacy, safety considerations, or other factors; our ability to leverage and enhance our drug discovery platform; our ability to obtain financing for development activities and other corporate purposes; the success of our collaboration activities; our ability to obtain regulatory approval of, and ultimately commercialize, drug candidates; our ability to obtain, maintain, and enforce intellectual property protections; cyberattacks or other disruptions to our technology systems; our ability to attract, motivate, and retain key employees and manage our growth; inflation and other macroeconomic issues; and other risks and uncertainties such as those described under the heading “Risk Factors” in our filings with the U.S. Securities and Exchange Commission, including our most recent Annual Report on Form 10–K, our subsequent Quarterly Reports on Form 10–Q, and our Current Reports on Form 8–K. All forward–looking statements are based on management’s current estimates, projections, and assumptions, and Recursion undertakes no obligation to correct or update any such statements, whether as a result of new information, future developments, or otherwise, except to the extent required by applicable law.


GLOBENEWSWIRE (Distribution ID 9223929)

Healthcare, Technology Leaders Gather in Johannesburg for Healthcare Innovation Summit Africa 2024

JOHANNESBURG, Aug. 23, 2024 (GLOBE NEWSWIRE) — Technology is revolutionizing healthcare in Africa, from enhancing patient care with electronic health records to enabling remote consultations via telemedicine. These advancements are making healthcare more efficient, accessible, and cost–effective.

IT News Africa is excited to announce the 9th Healthcare Innovation Summit Africa (HISA) 2024, set for August 29, 2024, at The Maslow Sandton in Johannesburg. Themed “Transforming African Healthcare: Harnessing Technology for Universal Access and Innovation,” the event will explore how cutting–edge technologies can improve patient outcomes, healthcare delivery, and system sustainability.

Key Topics and Agenda Highlights

The summit will address critical challenges in African healthcare, focusing on technology's role in achieving universal healthcare. Key topics include:

  1. Integrating AI in African Healthcare – Exploring AI's role in diagnostics and patient management.
  2. Digitizing Healthcare Records – The challenges and successes of migrating to cloud solutions.
  3. Telemedicine – Expanding access to healthcare in remote regions.
  4. The Role of Technology in Implementing Universal Healthcare

Key Speakers

HISA 2024 will feature industry experts discussing digital health, telemedicine, and AI integration. Notable speakers include:

  • Dr. Mohamed El Sahili, CEO of Medland Hospital, Zambia
  • Shiraz Dadar, Head of IT at M.P. Shah Hospital, Nairobi
  • Nhlanhla Xaba, ICT Manager at Mediclinic
  • Margot Brews, Head of Health Risk Management at Momentum Health Solutions

Sponsorship and Exhibition Opportunities

HISA 2024 offers IT service providers, HealthTech startups, and medical device companies the chance to showcase their solutions, connect with key stakeholders, and enhance brand visibility through sponsorship and exhibition opportunities.

Registration Discounts

Use the code HISA@25OFF for a 25% discount on registration, giving medical professionals, healthcare IT executives and healthcare decision–makers, the chance to network and learn about the latest trends in African healthcare.

Past Attendees Praise HISA

Participants from previous HISA events have shared their positive experiences, highlighting the event's impact on their professional growth and networking opportunities.

Marketing Director at Meditech South Africa affirmed that #HISA events are enlightening to attend. “I think this event is great; it brings in various stakeholders in the healthcare industry. It's all about innovation, disruptive technology, and digital health. I think it is a great platform for sharing ideas, dialogue, and debates about issues in the healthcare industry.”

The MEC for Health in the Free State Province emphasized the importance of HISA, stating, “Summits like these are important because they help us deliver quality health services using technology and teach us how to use innovative methods to ensure that the services we provide are effective and cost–efficient. It benefits both the government and the community.”

Andrew Raynes, Chief Information Officer from Papworth Hospital NHS Foundation, UK, added, “It’s been a real privilege to be here. I’ve learned so much about South African culture in the health space and what we are all striving to achieve. I now look forward to reflecting on the conference’s outcomes and sharing them with colleagues back home in the UK. It’s been a great opportunity to be part of HISA, and thank you to IT News Africa for having me as one of the keynote speakers.”

Attendees can expect a dynamic day filled with informative sessions, engaging discussions, and valuable networking opportunities. By participating in HISA 2024, stakeholders will play a crucial role in shaping the future of healthcare in Africa.

For more information about the conference, registration, and sponsorship opportunities, visit www.healthcareinnovationsummit.co.za.

Hashtag: #HISA2024


GLOBENEWSWIRE (Distribution ID 1000987984)

Brains Bioceutical Deve Obter o Primeiro Certificado CEP do Mundo para Canabinóides, do European Directorate de Qualidade de Medicamentos e Cuidados de Saúde

SANDWICH, Reino Unido, Aug. 22, 2024 (GLOBE NEWSWIRE) — A Brains Bioceutical Corp. (BBC) alcançou um marco inovador ao fazer um dos primeiros pedidos de CEP (Certificação de Adequação) do mundo para seu Ingrediente Farmacêutico Ativo (API) de Canabidiol (CBD) ao European Directorate para Qualidade de Medicamentos e Cuidados de Saúde (EDQM). Esta conquista histórica demonstra que o CBD da BBC atende ao mais alto padrão da indústria para produtos canabinóides de grau farmacêutico.

O CEP confirma que o CBD da BBC está em conformidade com a Farmacopeia Europeia (Ph. Eur.), um endosso crucial para fabricantes farmacêuticos da Europa, Canadá, Austrália, Japão e EUA. Esta certificação agiliza os processos regulatórios, garantindo alta qualidade, consistência e segurança para os mercados globais.

Outras vantagens do CEP incluem:

  • Facilitar e simplificar as interações entre os reguladores e a indústria, garantindo que as substâncias utilizadas na produção farmacêutica estejam em conformidade com as normas da Farmacopeia Europeia e a legislação pertinente da UE.
  • Facilitar o gerenciamento de medicamentos experimentais para produtos medicinais.
  • Servir de complemento e ponte entre as monografias da Farmacopeia Europeia e os requisitos do dossiê regulamentar para medicamentos.
  • Atuar como elo entre as autoridades de saúde e a indústria, potencializando a comunicação e a cooperação.

Ricky Brar, CEO e Presidente da Brains Bioceutical Corp., enfatizou a importância dessa certificação na estratégia de longo prazo da empresa. “A obtenção de um CEP para o nosso Ingrediente Farmacêutico Ativo de Canabidiol é um passo fundamental na nossa jornada para liderar o mercado global de canabinóides. Isto reforça o nosso compromisso para com a qualidade e a inovação, e posiciona a Brains Bio para definir o padrão para a indústria. Não se trata apenas de atender aos requisitos regulamentares – e sim de exceder e de estabelecer uma nova referência para os produtos canabinóides de grau farmacêutico.”

Dean Billington, Diretor de Operações da Brains Bioceutical Corp., acrescentou: “Nosso pedido junto ao EDQM é um testemunho do trabalho árduo e da dedicação da nossa equipe. O CEP nos dará uma vantagem competitiva significativa, garantindo que nosso API de Canabidiol seja reconhecido como um ingrediente de primeira linha para uso farmacêutico. Temos orgulho de estar na vanguarda desta indústria em rápida evolução e de impulsionar a excelência em todos os aspectos das nossas operações.”

A demanda global por produtos farmacêuticos com base em canabinóides permanece robusta, evidenciada pelo Epidiolex, que a Jazz Pharmaceuticals projeta gerar aproximadamente US $ 1,4 bilhão em receita em 2024 [1]. Isso demonstra o crescimento e a demanda contínuos de produtos farmacêuticos de canabinóides de alta qualidade.

O processo de análise da EDQM, iniciado em 8 de agosto de 2024, levará aproximadamente 115 dias úteis. O recebimento de um CEP confirmará que o CBD da Brains Bio atende às rigorosas exigências da Ph. Eur.

Esta solicitação de um CEP ressalta o compromisso inabalável da Brains Bio em estabelecer novos padrões para a indústria de canabinóides que se baseia nas BPF da UE e nas licenças de substâncias controladas da Brains Bio. Ao alinhar seu API CBD com os rigorosos critérios da Farmacopeia Europeia, a Brains Bio, além de participar do mercado molda ativamente seu futuro.

Como parte da nossa parceria estratégica, a Brains Bioceutical e a DSM–Firmenich uniram forças para alavancar sua experiência conjunta em pesquisa e desenvolvimento de canabinóides. Juntamente com a Brains Bioceutical – fabricante de canabinóides de alta qualidade de grau farmacêutico – a DSM–Firmenich oferece uma plataforma de inovação completa projetada para apoiar o desenvolvimento de medicamentos canabinóides em estágio inicial e realizar o potencial das formulações à base de CBD. Suas capacidades incluem experiência em formulação de ponta, uma rede global de especialistas em regulamentação e proficiência em estudos pré–clínicos e clínicos. A empresa também tem a capacidade de fornecer soluções personalizadas dependendo da área terapêutica e do objetivo de entrega do medicamento. Para mais informações sobre como a plataforma de inovação de canabinóides da DSM–Firmenich está ajudando a melhorar a saúde do paciente, visite: www.dsm.com/cannabinoid–actives.

Sobre a Brains Bioceutical Corp.

A Brains Bioceutical é líder em soluções de saúde e bem–estar com base em evidências e lideradas pela ciência.

A Brains Bio é fabricante líder de insumos farmacêuticos ativos (APIs) naturais e puros da mais alta qualidade. Com um conjunto exclusivo de licenças e registros, a Brains Bio está estrategicamente posicionada para aproveitar o complexo ambiente regulatório, garantindo sua vantagem de qualidade em primeiro lugar e produto. A Brains Bio é ativa nos setores farmacêutico, médico e nutracêutico dentro do mercado de canabinóides em rápido crescimento, sendo uma proposta de valor potente e única.

[1] https://investor.jazzpharma.com/investors

Foto deste comunicado disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/b460b7ca–9a31–4a41–a012–23d26e61ef5d


GLOBENEWSWIRE (Distribution ID 9219428)

Brains Bioceutical steht kurz vor Erhalt einer der weltweit ersten CEP-Zertifizierungen für Cannabidiol vom Europäischen Direktorat für die Qualität von Arzneimitteln und Gesundheitsfürsorge

SANDWICH, Vereinigtes Königreich, Aug. 23, 2024 (GLOBE NEWSWIRE) — Brains Bioceutical Corp. (BBC) hat einen bahnbrechenden Meilenstein erreicht, indem es einen der weltweit ersten CEP–Anträge (Eignungszertifikat) für seinen pharmazeutischen Wirkstoff Cannabidiol (CBD) beim Europäischen Direktorat für die Qualität von Arzneimitteln und Gesundheitsfürsorge (EDQM) eingereicht hat. Diese bahnbrechende Leistung zeigt, dass das CBD von BBC den höchsten Branchenstandard für Cannabinoidprodukte in pharmazeutischer Qualität erfüllt.

Die CEP–Zertifizierung bestätigt, dass das CBD von BBC den Standards des Europäischen Arzneibuchs (Ph. Eur.) entspricht, eine wichtige Bestätigung für Pharmahersteller in Europa, Kanada, Australien, Japan und den USA. Diese Zertifizierung vereinfacht die regulatorischen Prozesse und gewährleistet eine hohe Qualität, Konsistenz und Sicherheit für globale Märkte.

Zu den weiteren Vorteilen des CEP gehören:

  • Erleichterung und Vereinfachung der Interaktion zwischen Regulierungsbehörden und der Industrie, um sicherzustellen, dass die in der pharmazeutischen Produktion verwendeten Substanzen den Standards des Europäischen Arzneibuchs und den einschlägigen EU–Rechtsvorschriften entsprechen.
  • Erleichterung der Verwaltung von Prüfpräparaten für Arzneimittel.
  • Ergänzung und Brücke zwischen den Monografien des Europäischen Arzneibuchs und den Anforderungen an das Zulassungsdossier für Arzneimittel.
  • Bindeglied zwischen Gesundheitsbehörden und Industrie und Verbesserung der Kommunikation und Zusammenarbeit.

Ricky Brar, CEO und Vorstandsvorsitzender von Brains Bioceutical Corp., betonte die Bedeutung dieser Zertifizierung für die langfristige Strategie des Unternehmens. „Die Erlangung einer CEP–Zertifizierung für unseren aktiven pharmazeutischen Cannabidiol–Wirkstoff ist ein entscheidender Schritt auf unserem Weg, den globalen Cannabinoid–Markt anzuführen. Dies bestärkt uns in unserem Engagement für Qualität und Innovation und positioniert Brains Bio als Maßstab für die Branche. Hier geht es nicht nur darum, die gesetzlichen Anforderungen zu erfüllen – es geht darum, sie zu übertreffen und einen neuen Maßstab dafür zu setzen, wie Cannabinoidprodukte in pharmazeutischer Qualität aussehen sollten.“

Dean Billington, Chief Operating Officer von Brains Bioceutical Corp., fügte hinzu: „Unsere Einreichung beim EDQM ist ein Zeugnis für die harte Arbeit und das Engagement unseres Teams. Die CEP–Zertifizierung wird einen erheblichen Wettbewerbsvorteil bieten und sicherstellen, dass unser Cannabidiol–Wirkstoff als erstklassiger Inhaltsstoff für pharmazeutische Zwecke anerkannt wird. Wir sind stolz darauf, in dieser sich schnell entwickelnden Branche an vorderster Front zu stehen und in allen Aspekten unserer Geschäftstätigkeit Spitzenleistungen zu erbringen.“

Die weltweite Nachfrage nach Arzneimitteln auf Cannabinoidbasis ist nach wie vor hoch, wie das Beispiel Epidiolex zeigt, mit dem Jazz Pharmaceuticals im Jahr 2024 voraussichtlich einen Umsatz von etwa 1,4 Mrd. USD erzielen wird [1]. Dies spiegelt das anhaltende Wachstum und die Nachfrage nach hochwertigen pharmazeutischen Cannabinoidprodukten wider.

Der am 8. August 2024 eingeleitete Überprüfungsprozess des EDQM wird etwa 115 Arbeitstage dauern. Die erfolgreiche Erteilung einer CEP–Zertifizierung bestätigt, dass das CBD von Brains Bio die strengen Anforderungen des Ph. Eur. erfüllt.

Diese Bemühungen um die Zulassung von Cannabidiol unterstreichen das unerschütterliche Engagement von Brains Bio, neue Standards für die Cannabinoid–Branche zu setzen. Dies baut auf den EU–GMP– und den Lizenzen für kontrollierte Substanzen von Brains Bio auf. Durch die Anpassung seines CBD–Wirkstoffs an die strengen Kriterien des Europäischen Arzneibuchs nimmt Brains Bio nicht nur am Markt teil, sondern gestaltet dessen Zukunft aktiv mit.

Im Rahmen unserer strategischen Partnerschaft haben sich Brains Bioceutical und DSM–Firmenich zusammengeschlossen, um ihr gemeinsames Know–how in der Cannabinoid–Forschung und –Entwicklung zu nutzen. Zusammen mit Brains Bioceutical – einem Hersteller hochwertiger Cannabinoide in pharmazeutischer Qualität – bietet DSM–Firmenich eine umfassende Innovationsplattform an, die darauf ausgelegt ist, die Entwicklung von Cannabinoid–Arzneimitteln in der Anfangsphase zu unterstützen und das Potenzial von CBD–basierten Formulierungen auszuschöpfen. Zu den Kompetenzen des Unternehmens gehören modernste Formulierungskenntnisse, ein globales Netzwerk von Zulassungsspezialisten sowie die Durchführung präklinischer und klinischer Studien. Das Unternehmen ist auch in der Lage, maßgeschneiderte Lösungen je nach Therapiebereich und Ziel der Arzneimittelabgabe anzubieten. Weitere Informationen darüber, wie die Cannabinoid–Innovationsplattform von DSM–Firmenich zur Verbesserung der Gesundheit von Patienten beiträgt, finden Sie unter: www.dsm.com/cannabinoid–actives.

Über die Brains Bioceutical Corp.

Brains Bioceutical ist der führende Pionier im Bereich der Entwicklung von evidenzbasierten und wissenschaftlich fundierten natürlichen, pflanzlichen Gesundheits– und Wellnesslösungen.

Brains Bio ist ein führender Hersteller von natürlichen und reinen pharmazeutischen Wirkstoffen (APIs) höchster Qualität. Mit einem einzigartigen Paket an Lizenzen und Registrierungen ist Brains Bio strategisch positioniert, um das komplexe regulatorische Umfeld zu nutzen und sich seinen Vorsprung als Vorreiter und in der Produktqualität zu sichern. Brains Bio ist diversifiziert über die pharmazeutischen, medizinischen, und nutrazeutischen Sektoren innerhalb des schnell wachsenden Cannabinoidmarktes, was zu einem starken und einzigartigen Wertversprechen führt.

[1] https://investor.jazzpharma.com/investors

Ein Foto zu dieser Mitteilung ist verfügbar unter https://www.globenewswire.com/NewsRoom/AttachmentNg/b460b7ca–9a31–4a41–a012–23d26e61ef5d


GLOBENEWSWIRE (Distribution ID 9219428)

Brains Bioceutical s’apprête à obtenir l’une des premières certifications CEP pour le cannabidiol au monde auprès de la Direction européenne de la qualité du médicament et soins de santé

SANDWICH, Royaume–Uni, 23 août 2024 (GLOBE NEWSWIRE) — Brains Bioceutical Corp. (BBC) a franchi une étape décisive en soumettant l’une des premières demandes de CEP (Certification de conformité) au monde pour sa substance pharmaceutique active (API) à base de cannabidiol (CBD) à la Direction européenne de la qualité du médicament et soins de santé (EDQM). Cette démarche historique démontre que le CBD de BBC répond aux normes les plus strictes de l’industrie en matière de cannabinoïdes de qualité pharmaceutique.

La CEP confirme que le CBD de BBC répond aux normes de la Pharmacopée européenne (Ph. Eur.), une reconnaissance cruciale pour les fabricants de produits pharmaceutiques en Europe, au Canada, en Australie, au Japon et aux États–Unis. Cette certification facilite les processus réglementaires et garantit une qualité, une uniformité et une sécurité élevées sur les marchés mondiaux.

Parmi les autres avantages de la CEP, citons :

  • Faciliter et simplifier les interactions entre les régulateurs et l’industrie, en veillant à ce que les substances utilisées dans la production pharmaceutique répondent aux normes de la Pharmacopée européenne et soient conformes à la législation européenne pertinente.
  • Faciliter la gestion des médicaments expérimentaux pour les produits médicinaux.
  • Compléter et rapprocher les monographies de la Pharmacopée européenne et les exigences des dossiers réglementaires pour les médicaments.
  • Faire le lien entre les autorités sanitaires et l’industrie, en améliorant la communication et la coopération.

Ricky Brar, PDG et président de Brains Bioceutical Corp. a souligné l’importance de cette certification dans la stratégie à long terme de l’entreprise. « L’obtention d’une CEP pour notre substance pharmaceutique active à base de cannabidiol est une étape cruciale dans notre stratégie pour devenir le leader du marché mondial des cannabinoïdes. Elle renforce notre engagement en faveur de la qualité et de l’innovation et permet à Brains Bio d’établir une nouvelle norme pour l’industrie. Il ne s’agit pas seulement de répondre aux exigences réglementaires, mais de les dépasser et d’établir une nouvelle référence en matière de produits cannabinoïdes de qualité pharmaceutique. »

Dean Billington, directeur de l’exploitation de Brains Bioceutical Corp. a ajouté : « Notre demande auprès de l’EDQM témoigne du travail acharné et du dévouement de notre équipe. La CEP nous offrira un avantage concurrentiel significatif, en garantissant que notre IPA de cannabidiol sera reconnu comme un ingrédient de premier ordre pour l’usage pharmaceutique. Nous sommes fiers d’être des pionniers dans ce secteur qui évolue rapidement et de rechercher l’excellence dans tous les aspects de nos activités. »

La demande mondiale de produits pharmaceutiques à base de cannabinoïdes reste soutenue, comme en témoigne Epidiolex, dont Jazz Pharmaceuticals prévoit qu’il générera un chiffre d’affaires d’environ 1,4 milliard de dollars en 2024 [1]. Cela reflète une croissance et une demande continues pour des produits pharmaceutiques à base de cannabinoïdes de haute qualité.

La procédure d’examen de l’EDQM, qui a débuté le 8 août 2024, durera environ 115 jours ouvrables. L’obtention d’une CEP confirmera que le CBD de Brains Bio répond aux exigences rigoureuses de la Ph. Eur.

Cette demande de CEP souligne la détermination sans faille de Brains Bio à établir de nouvelles normes pour l’industrie des cannabinoïdes. Elle vient s’ajouter aux licences de BPF et de substances contrôlées de l’UE dont dispose Brains Bio. En alignant son IPA CBD sur les critères rigoureux de la Pharmacopée européenne, Brains Bio participe non seulement au marché, mais façonne aussi activement son avenir.

Dans le cadre de notre partenariat stratégique, Brains Bioceutical et DSM–Firmenich ont uni leurs forces pour mettre à profit leur expertise combinée dans la recherche et le développement des cannabinoïdes. En collaboration avec Brains Bioceutical, fabricant de cannabinoïdes de qualité pharmaceutique, DSM–Firmenich offre une plateforme d’innovation de bout en bout conçue pour accompagner les premières étapes du développement de médicaments à base de cannabinoïdes et optimiser le potentiel des formulations à base de CBD. Cette plateforme offre une expertise de pointe en matière de formulation, un réseau mondial de spécialistes de la réglementation et des compétences en matière d’études précliniques et cliniques. L’entreprise est également en mesure de fournir des solutions personnalisées en fonction du domaine thérapeutique et de l’objectif de délivrance du médicament. Pour en savoir plus sur la façon dont la plateforme d’innovation des cannabinoïdes de DSM–Firmenich contribue à améliorer la santé des patients, visitez le site : www.dsm.com/cannabinoid–actives.

À propos de Brains Bioceutical Corp.

Brains Bioceutical est le leader des solutions de santé et de bien–être à base de plantes naturelles, fondées sur l’expérience clinique et la recherche scientifique.

Brains Bio est un fabricant de premier plan de substances pharmaceutiques actives (IPA) naturelles et pures de la plus haute qualité. Grâce à un ensemble unique de licences et de certifications, Brains Bio est stratégiquement positionné pour tirer parti de l’environnement réglementaire complexe, en garantissant son avantage en tant que pionnier et en termes de qualité des produits. Brains Bio a des activités diversifiées dans les secteurs pharmaceutiques, médicaux et nutraceutiques au sein du marché des cannabinoïdes, qui connaît une croissance rapide, ce qui lui confère une proposition de valeur forte et unique.

[1] https://investor.jazzpharma.com/investors

Une photo accompagnant cette annonce est disponible à l’adresse : https://www.globenewswire.com/NewsRoom/AttachmentNg/b460b7ca–9a31–4a41–a012–23d26e61ef5d


GLOBENEWSWIRE (Distribution ID 9219428)

Brains Bioceutical Set to Achieve One of the World’s First CEP for Cannabidiol Certification with the European Directorate for the Quality of Medicines & Healthcare

SANDWICH, United Kingdom, Aug. 22, 2024 (GLOBE NEWSWIRE) — Brains Bioceutical Corp. (BBC) has achieved a groundbreaking milestone by submitting one of the world’s first CEP (Certification of Suitability) application for its Cannabidiol (CBD) Active Pharmaceutical Ingredient (API) to the European Directorate for the Quality of Medicines & Healthcare (EDQM). This landmark achievement demonstrates BBC’s CBD as meeting the highest industry standard for pharmaceutical–grade cannabinoid products.

The CEP confirms that BBC’s CBD meets European Pharmacopoeia (Ph. Eur.) standards, a crucial endorsement for pharmaceutical manufacturers in Europe, Canada, Australia, Japan, and the US. This certification streamlines regulatory processes, ensuring high quality, consistency, and safety for global markets.

Additional advantages of the CEP include:

  • Facilitating and simplifying interactions between regulators and industry, ensuring that substances used in pharmaceutical production meet European Pharmacopoeia standards and comply with relevant EU legislation.
  • Easing the management of investigational medicinal product for medicinal products.
  • Serving as a complement and bridge between European Pharmacopoeia monographs and the regulatory dossier requirements for medicinal products.
  • Acting as a link between health authorities and industry, enhancing communication and cooperation.

Ricky Brar, CEO and Chairman of Brains Bioceutical Corp., emphasized the importance of this certification in the company’s long–term strategy. “Achieving a CEP for our Cannabidiol Active Pharmaceutical Ingredient is a pivotal step in our journey to lead the global cannabinoid market. It reinforces our commitment to quality and innovation, and it positions Brains Bio to set the standard for the industry. This is not just about meeting regulatory requirements—it's about exceeding them and setting a new benchmark for what pharmaceutical–grade cannabinoid products should be.”

Dean Billington, Chief Operating Officer of Brains Bioceutical Corp., added, “Our submission to the EDQM is a testament to the hard work and dedication of our team. The CEP will provide a significant competitive advantage, ensuring that our Cannabidiol API is recognized as a top–tier ingredient for pharmaceutical use. We are proud to be at the forefront of this rapidly evolving industry, driving excellence in every aspect of our operations.”

The global demand for cannabinoid–based pharmaceuticals remains robust, evidenced by Epidiolex, which Jazz Pharmaceuticals projects will generate approximately $1.4 billion in revenue in 2024 [1]. This reflects ongoing growth and demand for high–quality pharmaceutical cannabinoid products.

The EDQM’s review process, initiated on August 8, 2024, will take approximately 115 working days. Successful granting of a CEP will confirm that Brains Bio’s CBD meets, the stringent Ph. Eur. requirements.

This CEP application effort underscores Brains Bio’s unwavering commitment to setting new standards for the cannabinoid industry. This builds on Brains Bio’s EU GMP and controlled substances licenses. By aligning its CBD API with the rigorous criteria of the European Pharmacopoeia, Brains Bio is not only participating in the market but actively shaping its future.

As part of our strategic partnership, Brains Bioceutical and DSM–Firmenich have joined forces to leverage their combined expertise in cannabinoid research and development. Together with Brains Bioceutical – manufacturer of high–quality pharma–grade cannabinoids – DSM–Firmenich offers an end–to–end innovation platform designed to support early–stage cannabinoid drug development and realize the potential of CBD– based formulations. Its capabilities include leading–edge formulation expertise, a global network of regulatory specialists, and preclinical and clinical study proficiency. The company also has the capacity to provide customized solutions depending on the therapeutic area and drug delivery objective. To learn more about how DSM–Firmenich’s cannabinoid innovation platform is helping to elevate patient health, visit: www.dsm.com/cannabinoid–actives.

About Brains Bioceutical Corp.

Brains Bioceutical is the leader in evidence–based and science–led pioneer of natural plant–based health and wellness solutions.

Brains Bio is a leading manufacturer of the highest quality natural and pure active pharmaceutical ingredients (APIs), with a unique suite of licenses and registrations, Brains Bio is strategically positioned to take advantage of the complex regulatory environment, securing its first mover and product quality advantage. Brains Bio is diversified across the pharmaceutical, medical, and nutraceutical sectors within the rapidly growing cannabinoid market, resulting in a strong and unique value proposition.

[1] https://investor.jazzpharma.com/investors

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GLOBENEWSWIRE (Distribution ID 9218790)

Entera Bio Reports Q2 2024 Financial Results and Provides Business Updates

JERUSALEM , Aug. 09, 2024 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX), (“Entera” or the “Company”) a leader in the development of orally delivered peptides and small therapeutic proteins, today reported financial results and key business updates for the quarter ended June 30, 2024.

“We continue to deliver strong execution with key milestones achieved during the second quarter of 2024 across each of our N–Tab™ oral peptide programs dedicated to patients with OBGYN/endocrinology, GI and metabolic diseases,” said Miranda Toledano, Entera’s CEO. “Importantly, we are now just five months away from FDA’s potential landmark ruling on the ASBMR–FNIH SABRE regulatory endpoint for osteoporosis drugs, which we view as a major catalyst for EB613. We are especially keen to start our pivotal study of EB613 in a much wider population where injectable anabolic drugs do not play a dominant role. Because of its potential dual mechanism of action, faster onset of action as an anabolic boosting agent and oral minitablet format, we believe EB613 is uniquely positioned to support earlier osteoanabolic intervention in post–menopausal women at high risk of fracture,” she added.

EB613: First Oral PTH(1–34) Daily Osteoanabolic Tablets for Osteoporosis

  • In April 2024, the Journal of Bone and Mineral Research (JBMR) published “Oral daily PTH(1–34) Tablets [EB613] in Postmenopausal Women with Low BMD or Osteoporosis: A Randomized, Placebo–Controlled, 6–Month, Phase 2 Study”
  • In May 2024, Entera welcomed Dr. Rachel Wagman as Key Clinical Advisor to lead EB613 clinical development. Wagman has successfully advanced the development of five molecules, including the osteoporosis products Forteo®, Prolia® and Evenity® through registration
  • In June 2024, the JMBR published an independent editorial titled “A Novel Oral hPTH(1–34) [EB613] Unveils the Promise of Modeling–Based Anabolism with No Increase in Bone Remodeling”
  • In July 2024, Entera announced that new comparative pharmacological data for its investigational agent EB613 vs. Forteo® was selected for presentation at the ASBMR September 2024 Annual Meeting in Toronto
  • In July 2024, Entera announced that the SABRE (Study to Advance BMD as a Regulatory Endpoint) is expected to provide an update at the ASBMR September 2024 Annual Meeting in Toronto

EB612: First Oral PTH(1–34) Peptide Replacement Therapy Tablets for Hypoparathyroidism

  • In June 2024, Entera presented Phase 1 clinical data for its hypoparathyroidism focused investigational program, EB612, at the Endocrine Society ENDO 2024 Annual Meeting. Entera showed that the data supports potentially moving the BID (twice–daily) tablet dose to Phase 2 development in patients with hypoparathyroidism
  • Entera continues to collaborate with a third party on the development of another PTH replacement treatment for hypoparathyroidism

First GLP–2 Peptide Tablets for Short Bowel Syndrome

  • In March 2024, Entera announced positive in vivo PK results from its program combining OPKO Health, Inc.’s (Nasdaq: OPK) long acting GLP–2 analogue with N–Tab™ technology. Pharmacology data is expected early in the second half of 2024

First GLP–1/Glucagon Agonist (Oxyntomodulin) Peptide Tablets for Obesity

  • Collaborative work is ongoing combining N–Tab™ with OPKO’s long–acting Oxyntomodulin (OXM) analogues for potential treatment for obesity and other metabolic diseases. PK data for the oral OXM tablet are expected early in the second half of 2024

Financial Results for the Quarter Ended June 30, 2024

As of June 30,2024, Entera had cash and cash equivalents of $9.1 million. The Company expects that its existing cash resources are sufficient to meet its projected operating requirements into the third quarter of 2025.

Research and development expenses for the three months ended June 30, 2024 were $1.1 million, as compared to $1.2 million for the three months ended June 30, 2023. The decrease of $0.1 million was primarily due to a decrease of $0.3 million in clinical expenses for our Phase 1 PK study related to our new generation platform and new formulations for EB612, which completed its first stage in 2023.

General and administrative expenses for both the three months ended June 30, 2024 and 2023 were $1.1 million.

Operating expenses for the period ended June 30, 2024 were $2.2 million, as compared to $2.3 million for the quarter ended June 30, 2023.

Net loss was $2.1 million, or $0.06 per ordinary share (basic and diluted), for the quarter ended June 30, 2024, as compared to $2.3 million, or $0.08 per ordinary share (basic and diluted), for the quarter ended June 30, 2023.

About Entera Bio

Entera is a clinical stage company focused on developing oral peptide or protein replacement therapies for significant unmet medical needs where an oral tablet form holds the potential to transform the standard of care. The Company leverages on a disruptive and proprietary technology platform (N–Tab™) and its pipeline includes five differentiated, first–in–class oral peptide programs, expected to enter the clinic (Phase 1 to Phase 3) by 2025. The Company’s most advanced product candidate, EB613 (oral PTH (1–34)), is being developed as the first oral, osteoanabolic (bone building) once–daily tablet treatment for post–menopausal women with low BMD and high–risk osteoporosis, with no prior fracture. A placebo controlled, dose ranging Phase 2 study of EB613 tablets (n= 161) met primary (PD/bone turnover biomarker) and secondary endpoints (BMD). Entera is preparing to initiate a Phase 3 registrational study for EB613 pursuant to the FDA’s qualification of a quantitative BMD endpoint which is expected to occur by January 2025. The EB612 program is being developed as the first oral PTH(1–34) tablet peptide replacement therapy for hypoparathyroidism. Entera is also developing the first oral oxyntomodulin, a dual targeted GLP1/glucagon peptide, in tablet form for the treatment of obesity; and first oral GLP–2 peptide tablet as an injection–free alternative for patients suffering from rare malabsorption conditions such as short bowel syndrome in collaboration with OPKO Health. For more information on Entera Bio, visit www.enterabio.com or follow us on LinkedIn, Twitter, Facebook, Instagram.

Cautionary Statement Regarding Forward Looking Statements

Various statements in this press release are “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) in this press release regarding our prospects, plans, financial position, business strategy and expected financial and operational results may constitute forward–looking statements. Words such as, but not limited to, “anticipate,” “believe,” “can,” “could,” “expect,” “estimate,” “design,” “goal,” “intend,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “target,” “likely,” “should,” “will,” and “would,” or the negative of these terms and similar expressions or words, identify forward–looking statements. Forward–looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Forward–looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved.

Important factors that could cause actual results to differ materially from those reflected in Entera’s forward–looking statements include, among others: changes in the interpretation of clinical data; results of our clinical trials; the FDA’s interpretation and review of our results from and analysis of our clinical trials; unexpected changes in our ongoing and planned preclinical development and clinical trials, the timing of and our ability to make regulatory filings and obtain and maintain regulatory approvals for our product candidates; the potential disruption and delay of manufacturing supply chains; loss of available workforce resources, either by Entera or its collaboration and laboratory partners; impacts to research and development or clinical activities that Entera may be contractually obligated to provide; overall regulatory timelines; the size and growth of the potential markets for our product candidates; the scope, progress and costs of developing Entera’s product candidates; Entera’s reliance on third parties to conduct its clinical trials; Entera’s expectations regarding licensing, business transactions and strategic collaborations; Entera’s operation as a development stage company with limited operating history; Entera’s ability to continue as a going concern absent access to sources of liquidity; Entera’s ability to obtain and maintain regulatory approval for any of its product candidates; Entera’s ability to comply with Nasdaq’s minimum listing standards and other matters related to compliance with the requirements of being a public company in the United States; Entera’s intellectual property position and its ability to protect its intellectual property; and other factors that are described in the “Cautionary Statements Regarding Forward–Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Entera’s most recent Annual Report on Form 10–K filed with the SEC, as well as the company’s subsequently filed Quarterly Reports on Form 10–Q and Current Reports on Form 8–K. There can be no assurance that the actual results or developments anticipated by Entera will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Entera. Therefore, no assurance can be given that the outcomes stated or implied in such forward–looking statements and estimates will be achieved. Entera cautions investors not to rely on the forward–looking statements Entera makes in this press release. The information in this press release is provided only as of the date of this press release, and Entera undertakes no obligation to update or revise publicly any forward–looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

ENTERA BIO LTD.
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
 
  June 30,   December 31,
  2024   2023
  (Unaudited)   (Audited)
   
Cash and cash equivalents 9,056   11,019
Accounts receivable and other current assets 539   238
Property and equipment, net 76   100
Other assets, net 364   408
Total assets 10,035   11,765
       
       
Accounts payable and other current liabilities 1,294   1,091
Total non–current liabilities 219   288
Total liabilities 1,503   1,379
Total shareholders' equity 8,532   10,386
       
Total liabilities and shareholders' equity 10,035   11,765
 

ENTERA BIO LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
(Unaudited)
 
  Three Months Ended
June 30,
  2024   2023  
REVENUES 57   –  
COST OF REVENUES 48   –  
GROSS PROFIT 9   –  
OPERATING EXPENSES:    
Research and development 1,086   1,209  
General and administrative 1,088   1,135  
Other income –   (14)  
TOTAL OPERATING EXPENSES 2,174   2,330  
OPERATING LOSS 2,165   2,330  
FINANCIAL INCOME, NET (20)   (5)  
NET LOSS 2,145   2,325  
     
LOSS PER SHARE BASIC AND DILUTED 0.06   0.08  
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING         
USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE 37,090,160   28,812,375  
     


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