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Tiziana Life Sciences Announces Purchase of Shares by Chairman

Key Takeaway: Tiziana Life Sciences announced that its Executive Chairman, Gabriele Cerrone, purchased 25,000 shares at $1.60 each, increasing his stake to 36.28% of the company. The company is advancing its lead candidate, intranasal foralumab, which is in clinical trials for non-active secondary progressive multiple sclerosis. Foralumab is the only fully human anti-CD3 monoclonal antibody in development.
Price reaction · baseline $1.74 (2025-09-05T13:28:00.000Z) · hit during market hours · 1 other TLSA headline(s) in the window, move may be shared
day 0 close · peak
-4.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Chairman Gabriele Cerrone's significant share purchase indicates confidence in the company.
  • Foralumab shows promising results in treating non-active secondary progressive multiple sclerosis.
  • The innovative intranasal delivery method may enhance treatment efficacy and safety.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+23%
120-day peak, hindsight
Typical move
5.9%
average across 8 past catalysts
Lead asset
Foralumab
Phase 2 · Secondary Progressive Multiple Sclerosis

Full Press Release Details

BOSTON, MA, September 5, 2025 – Tiziana Life Sciences, Ltd. (Nasdaq: TLSA ) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies with its lead development candidate, intranasal foralumab, a fully human, anti-CD3 monoclonal antibody, today announces that its Executive Chairman and Founder, Mr. Gabriele Cerrone, has purchased 25,000 common shares at $1.60 per share, bringing his total holding to 43,277,143 common shares, which is 36.28% of issued share capital.
About Foralumab
Foralumab, a fully human anti-CD3 monoclonal antibody, is a biological drug candidate that has been shown to stimulate T regulatory cells when dosed intranasally. At present, 10 patients with Non-Active Secondary Progressive Multiple Sclerosis (na-SPMS) have been dosed in an open-label intermediate sized Expanded Access (EA) Program ( NCT06802328 ) with either an improvement or stability of disease seen within 6 months in all patients. In addition, intranasal foralumab is currently being studied in a Phase 2a, randomized, double-blind, placebo-controlled, multicenter, dose-ranging trial in patients with non-active secondary progressive multiple sclerosis ( NCT06292923 ).
Foralumab is the only fully human anti-CD3 monoclonal antibody (mAb) currently in clinical development. The non-active SPMS intranasal foralumab Phase 2 trial (NCT06292923) began screening patients in November of 2023. Immunomodulation by intranasal foralumab represents a novel avenue for the treatment of neuroinflammatory and neurodegenerative human diseases. [1],[2]
About Tiziana Life Sciences
Tiziana Life Sciences is a clinical-stage biopharmaceutical company developing breakthrough therapies using transformational drug delivery technologies to enable alternative routes of immunotherapy. Tiziana’s innovative nasal approach has the potential to provide an improvement in efficacy as well as safety and tolerability compared to intravenous (IV) delivery. Tiziana’s lead candidate, intranasal foralumab, which is the only fully human anti-CD3 mAb currently in clinical development, has demonstrated a favorable safety profile and clinical response in patients in studies to date. Tiziana’s technology for alternative routes of immunotherapy has been patented with several applications pending and is expected to allow for broad pipeline applications.
For more information about Tiziana Life Sciences and its innovative pipeline of therapies, please visit www.tizianalifesciences.com .
For further inquiries:
Tiziana Life Sciences Ltd

Frequently Asked Questions

What shares did Tiziana's Chairman purchase?

Chairman Gabriele Cerrone purchased 25,000 common shares at $1.60 each.

What is foralumab used for?

Foralumab is being developed for treating non-active secondary progressive multiple sclerosis.

What is unique about foralumab?

Foralumab is the only fully human anti-CD3 monoclonal antibody currently in clinical development.

What is the delivery method for foralumab?

Foralumab is administered intranasally, offering a novel approach to immunotherapy.

Last updated: Sep 5, 2025