Recent Updates
Recently added Catalysts
GANX Positive Sentiment

When Is Parkinson’s Awareness Month and World Parkinson’s Day?

Key Takeaway: April is recognized as Parkinson's Awareness Month, with World Parkinson's Day celebrated on April 11th. Gain Therapeutics is developing GT-02287, a drug candidate aimed at treating GBA-Parkinson's disease, which affects over 500,000 patients globally. The Phase 1 clinical trial is set to complete in the first half of 2024, with a patient cohort planned for later in the year.
Price reaction · baseline $3.18 (2024-04-19 close) · 1 other GANX headline(s) in the window, move may be shared
day 0 close
-0.3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Gain Therapeutics is developing a promising drug candidate GT-02287.
  • The drug has the potential to be a disease-modifying therapy for Parkinson's.
  • Funding support from reputable organizations enhances research credibility.

CONCERNS & RISKS

  • The clinical trial is still in the early Phase 1 stage.
  • GBA1-Parkinson's disease affects a significant number of patients.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+62%
120-day peak, hindsight
Typical move
7.1%
average across 11 past catalysts
Cash runway
~8 mo
High dilution risk
Lead asset
Low Dose GT-02287
Phase 2 · Parkinson Disease

Full Press Release Details

Over 200 years ago, Dr. James Parkinson, a neurologist, geologist, and activist, published “ An Essay on the Shaking Palsy ” in 1817 which described the disease. Almost 60 years later, Jean-Martin Charcot, a French neurologist, recognized the importance of Parkinson’s work and named the disease after him. To mark Dr. Parkinson’s birthday, the first official World Parkinson’s Day took place in 1997 on April 11th, and April was deemed as Parkinson’s Awareness Month by the World Health Organization.
J.W.S. Van der Wereld, a Dutch horticulturist living with Parkinson’s Disease – developed the new red and white variant of the tulip which is now used as the official symbol.

What is Parkison’s?

According to recent statistics from the Parkinson’s Foundation, over 10 million people are affected. Parkinson’s is a progressive disease of the nervous system marked by tremors, muscular rigidity, and slow, imprecise movement mostly affecting middle-aged and elderly people. It is caused by a loss of nerve cells in the substantia nigra, a critical region located in the midbrain.

How can you help?

The Parkinson’s Foundation has launched a national study, PD GENEration, to genetically test and study the disease. If you know anyone with Parkinson’s disease , you can help further understanding by enrolling at no cost.

What is Gain Therapeutics doing for Parkinson’s Awareness Month?

Gain is currently developing a drug candidate GT-02287 for the treatment of GBA-Parkinson’s disease. GBA1-Parkinson’s disease is a genetically defined disease that affects over 500,000 patients worldwide (~14% of all PD patients). The disease, caused by mutations in the GBA1 gene, results in dysfunctional glucocerebrosidase (GCase), an enzyme responsible for the degradation of toxic lipid substrates. Gain’s lead compound GT-02287 is a small molecule that acts as a non-competitive pharmacological chaperone to allow the correct folding of GCase in neuronal cells with a GBA1 mutation as well as in wild-type cells. Correctly folded GCase traffics to the lysosome to perform its normal function of depleting toxic lipid substrates. Based on this mechanism of action, GT-02287 has the potential to be a disease-modifying therapy for Parkinson’s disease. Gain is conducting a Phase 1 clinical trial of GT-02287 in healthy volunteers with expected completion in the first half of 2024 and plans to initiate a patient cohort in that clinical trial in the third quarter of 2024. More information about clinical trials can be found here.
Gain’s lead program in Parkinson’s disease has been awarded funding support from The Michael J. Fox Foundation for Parkinson’s Research (MJFF) and The Silverstein Foundation for Parkinson’s with GBA, as well as from the Eurostars-2 joint program with co-funding from the European Union Horizon 2020 research and Innosuisse – Swiss Innovation Agency. You can read more details about the program here: https://gaintherapeutics.com/lead-program-in-gba-parkinsons-disease/

Frequently Asked Questions

What is Parkinson's Awareness Month?

April is designated as Parkinson's Awareness Month to raise awareness about the disease.

When is World Parkinson's Day celebrated?

World Parkinson's Day is celebrated on April 11th each year.

What is Gain Therapeutics developing for Parkinson's?

Gain Therapeutics is developing GT-02287, aimed at treating GBA-Parkinson's disease.

What is the status of GT-02287 clinical trial?

The Phase 1 clinical trial of GT-02287 is expected to complete in the first half of 2024.

How can individuals help Parkinson's research?

Individuals can enroll in the PD GENEration study to help advance understanding of Parkinson's.

Last updated: Apr 20, 2024