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Tiziana Life Sciences to Pursue Development of Intranasal Foralumab for the Treatment of Long COVID Long COVID remains a high unmet need causing a myriad of complications for patients and costing the U.S. healthcare syst

Key Takeaway: Tiziana Life Sciences has announced its intention to pursue the development of intranasal foralumab for treating Long COVID, a condition affecting over 9 million people in the U.S. The intranasal formulation has shown promise in dampening activated microglia, thought to play a crucial role in the condition's pathogenesis. Phase 2a clinical trials are anticipated to commence in Q3 2023, pending positive FDA feedback. This initiative represents a significant step in addressing the healthcare burden associated with Long COVID.
Price reaction · baseline $1.02 (2023-04-12 close) · hit after-hours · 1 other TLSA headline(s) in the window, move may be shared
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Market Sentiment Analysis

POSITIVE FACTORS

  • Development of intranasal foralumab addresses a significant unmet need for Long COVID treatment.
  • Positive feedback from the FDA could expedite clinical trial initiation.
  • Tiziana's innovative nasal delivery method may enhance efficacy and tolerability.
  • Clinical data suggests foralumab's potential to modulate immune response in complex conditions.

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

Life Sciences to Pursue Development of Intranasal Foralumab for the Treatment of Long COVID
COVID remains a high unmet need causing a myriad of complications for patients and costing the U.S. healthcare system an estimated $2.6
role of activated microglia is well-established in the pathogenesis of Long COVID and Tiziana's first-in-class intranasal foralumab
dampens activated microglia
NEW YORK, April 13, 2023 -- Tiziana Life
Sciences Ltd. (Nasdaq: TLSA) ("Tiziana" or the "Company"), a biotechnology company developing breakthrough
immunomodulation therapies via novel routes of drug delivery, today announced it plans to investigate intranasal foralumab for the treatment
of Long COVID. The work is supported by foralumab's well-established role in de-activating microglia cells, a key component in
the pathogenesis of this disease.
anticipate entering into a Phase 2a placebo-controlled clinical trial upon successful feedback from the FDA", commented Matthew
W. Davis, M.D., RPh, Chief Medical Officer of Tiziana. "I am excited to test intranasal foralumab in this medically important condition.
The use of PET Scans will allow us to determine if intranasal foralumab will decrease activated microglia in patients with Long COVID
after 3 months of administration. After refining our clinical protocols, we need to discuss this approach with the FDA and plan to file
COVID constitutes an unmet need in society. The estimated over 9 million people in the U.S. with Long COVID will cost the healthcare
system a projected $2.6 trillion dollars.1 I believe there is substantial evidence
to support further study of intranasal foralumab in this debilitating and economically disruptive condition," commented Gabriele
Cerrone, Executive Chairman and interim Chief Executive Officer of Tiziana. "The ability to modulate pathogenic activated microglia
may have many applications in inflammatory disease states."
L. Weiner, M.D., Chairman of Tiziana's Scientific Advisory Board and Co-Director of the Ann Romney Center for Neurologic Diseases at
Brigham and Women's Hospital, a founding member of Mass General Brigham Healthcare System, stated, "The role of activated
microglia is well-established in the pathogenesis of Long COVID.2,3,4,5,6,7,8
Our research using intranasal foralumab in patients with non-active Secondary Progressive Multiple Sclerosis (SPMS), patients
with COVID-19 and in healthy volunteers showed induction of a tolerogenic immune response by stimulating T regulatory cells while dampening
CD3+ T effector function. In essence, intranasal foralumab modulates activated microglia while returning effector T cells to a na ve
state.9 If this finding is replicated in patients with Long COVID, I believe that foralumab
could represent a novel treatment for this devasting condition."
T cells play an important role in the inflammatory process. Foralumab, the only fully human anti-CD3 monoclonal antibody (mAb), binds
to the T cell receptor and dampens inflammation by modulating T cell function, thereby suppressing effector features in multiple immune
cell subsets. This effect has been demonstrated in patients with COVID and with multiple sclerosis, as well as in healthy normal subjects.
Intranasal foralumab Phase 2 trials are expected to start in the third quarter of 2023 in patients with non-active SPMS. Immunomodulation
by nasal anti-CD3 mAb represents a novel avenue for treatment of inflammatory human diseases.9
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, 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.
Business Development and Investor Relations
+44 (0) 207 495 2379
LifeSci Advisors, LLC
Neuron. 2022 Nov 2; 110(21): 3484-3496.
Oxford Open Immunology, Volume 3, Issue 1, 2022, iqac007
N Engl J Med 2022; 387:1813-1815
Neuron 110, November 2, 2022:3484-3496
Front. Cell. Neurosci., 15 June 2021;Sec. Non-Neuronal Cells: Volume 15
Molecular Psychiatry (2022) 27:3939 - 3950
Boldrini M, Canoll PD, Klein RS. How COVID-19 Affects the Brain. JAMA Psychiatry. 2021;78(6):682-683.

Frequently Asked Questions

What is intranasal foralumab used for?

Intranasal foralumab is being developed to treat Long COVID by dampening activated microglia.

Who is developing intranasal foralumab?

Tiziana Life Sciences Ltd. is the biotechnology company developing intranasal foralumab.

When will the Phase 2 trials start?

Phase 2 trials for intranasal foralumab are expected to begin in Q3 of 2023.

How does intranasal foralumab work?

It modulates activated microglia and dampens T cell function to reduce inflammation.

What is the significance of activated microglia in Long COVID?

Activated microglia play a critical role in the pathogenesis of Long COVID.

Last updated: Apr 13, 2023