logo
Endeavor BioMedicines Receives Orphan Drug Designation from the U.S. Food and Drug Administration and European Commission for Taladegib (ENV-101) for the Treatment of Idiopathic Pulmonary Fibrosis

Endeavor BioMedicines Receives Orphan Drug Designation from the U.S. Food and Drug Administration and European Commission for Taladegib (ENV-101) for the Treatment of Idiopathic Pulmonary Fibrosis

Business Wire16-07-2025
SAN DIEGO--(BUSINESS WIRE)--Endeavor BioMedicines ('Endeavor'), a clinical-stage biotechnology company developing medicines with the potential to deliver transformational clinical benefits to patients with life-threatening diseases, today announced that both the European Commission (EC) and the U.S. Food and Drug Administration (FDA) have granted Orphan Drug Designation to its investigational therapy, taladegib (ENV-101), for the treatment of idiopathic pulmonary fibrosis (IPF). Endeavor is currently enrolling patients in the Phase 2b WHISTLE-PF (Wound-remodeling Hedgehog-Inhibitor ILD Study Testing Lung Function Endpoints-PF) clinical trial of taladegib in IPF, a chronic, progressive lung disease with limited treatment options. Enrollment in the WHISTLE-PF trial is on track and expected to be completed in 2026.
'Receiving Orphan Drug Designation for taladegib in both the United States and European Union underscores the significant unmet medical need for patients with IPF,' said Lisa Lancaster, M.D., Chief Medical Officer, Endeavor BioMedicines. 'We are encouraged by the potential of taladegib to reverse the course of disease across multiple measures of IPF, which is a major step forward from current standard-of-care. I am very proud of our team, which is executing the Phase 2b WHISTLE-PF trial with a remarkable sense of purpose, driven by our mission to push the boundaries of what is possible and restore hope to patients and their families.'
Orphan Drug Designation in the European Union (EU) is granted by the EC based on a positive opinion from the European Medicines Agency's Committee for Orphan Medicinal Products. It is intended to encourage the development of drugs that may provide significant benefit to patients suffering from rare, life-threatening diseases with a prevalence of not more than five in 10,000 in the EU. The designation provides special incentives for sponsors, including eligibility for protocol assistance and exemptions or reductions in certain regulatory fees, as well as 10 years of marketing exclusivity if the product is approved for the designated use.
The FDA grants Orphan Drug Designation to drugs and biologics intended for the treatment, diagnosis or prevention of rare diseases or conditions affecting fewer than 200,000 people in the U.S. Orphan Drug Designation provides sponsors certain benefits, including financial incentives to support clinical development and the potential for up to seven years of market exclusivity for the drug for the designated orphan indication in the U.S. if the drug is ultimately approved for that use.
About the WHISTLE-PF Trial
The Phase 2b WHISTLE-PF clinical trial is a global, randomized, placebo-controlled study evaluating the therapeutic potential of taladegib in individuals with IPF (NCT06422884). The WHISTLE-PF trial will evaluate the efficacy of a range of taladegib doses through 24 weeks of treatment, characterize the investigational compound's safety and tolerability, assess its effect on patient reported outcomes and its effects on lung function, lung capacity and lung fibrosis as measured by chest high-resolution computed tomography.
About Taladegib
Endeavor's investigational drug taladegib is a Hedgehog (Hh) signaling pathway inhibitor. By binding to and inhibiting a key receptor in the Hh pathway, taladegib stops the abnormal accumulation of myofibroblasts that cause fibrosis. This may resolve the excessive wound-healing process seen in pulmonary fibrosis, improving lung volume and function.
About Idiopathic Pulmonary Fibrosis
IPF is a chronic, progressive lung disease that affects more than 150,000 adults in the United States. Although the exact cause of IPF is unknown, various environmental factors can deliver repeated injuries to lung cells that trigger abnormal wound-healing processes and life-threatening lung scarring. IPF is a chronic disease with limited treatment options and a very poor prognosis. The average life expectancy is three to five years after diagnosis.
About Endeavor BioMedicines
Endeavor BioMedicines is a clinical-stage biotechnology company developing medicines with the potential to deliver transformational clinical benefits to patients with life-threatening diseases. Endeavor's lead candidate, taladegib (ENV-101), is an inhibitor of the Hedgehog signaling pathway in development for fibrotic lung diseases, including idiopathic pulmonary fibrosis (IPF). More information is available at www.endeavorbiomedicines.com and on LinkedIn or X.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CDL sets new benchmark for EC land with $782 psf ppr bid for Woodlands plot
CDL sets new benchmark for EC land with $782 psf ppr bid for Woodlands plot

Yahoo

time11 hours ago

  • Yahoo

CDL sets new benchmark for EC land with $782 psf ppr bid for Woodlands plot

SINGAPORE - In a determined bid to replenish its executive condominium (EC) project pipeline, City Developments Limited (CDL) topped offers for two EC sites at tenders closing on Aug 5. Both plots drew firm interest from five bidders, with CDL's bids also setting new benchmarks for EC land. A Woodlands Drive 17 parcel for 420 units saw a top bid of $360.9 million or $782 per square foot (psf) per plot ratio (ppr), slightly over the previous high set by Sim Lian's $768 psf ppr bid for a Tampines EC tendered in October 2024. The other EC parcel tendered, a plot in Senja Close in Bukit Panjang that can yield 295 units, was also topped by CDL at $252.9 million or $771 psf ppr. Mr Sherman Kwek, CDL's group chief executive officer, said: 'We are delighted to have emerged as the top bidder for these two well-located and highly sought-after EC sites, in particular for the Woodlands Drive 17 site where our bid is 0.2 per cent over the next highest bidder.' He added: 'With the full sell-out of our recent EC projects, Lumina Grand in Bukit Batok West and Copen Grand in Tengah, these two new sites totalling over 700 units represent a timely replenishment of our development pipeline in Singapore.' Three out of five bids for the Woodlands plot came in above the previous high. CDL's bid for the Woodlands site was a mere $1 psf ppr (0.2 per cent) higher than the second-highest of $360.3 million ($781 psf ppr) placed by a partnership between Sim Lian Land and Sim Lian Development. The next highest offer of $355.2 million, or $770 psf ppr, came from Intrepid Investments and TID Residential. This was followed by a tie-up between Hoi Hup Realty and Sunway Developments, with a bid of $352 million, or $763 psf ppr. Coming in last was EL Development, which placed a bid of $328.1 million or $711 psf ppr. Bids were at the higher end of analysts' expectations of $700 to $770 psf ppr. Consultants predicted firm demand for the 25,207 sq m site, and had anticipated four to eight bids, given the pent-up demand for new ECs in the area. Located next to Singapore Sports School, the land parcel has a maximum gross floor area (GFA) of 42,853 sq m and is expected to yield some 420 new units. The last EC parcel awarded in the Woodlands area was in 2015 – to Hao Yuan Investment for $103.8 million or $278 psf ppr. The project, Northwave EC, was launched for sale in 2016 and has a median new sale price of $779 psf. Senja Close bids For the Senja Close site, CDL also beat four other bidders with its offer of $252.9 million or $771 psf ppr. This was followed by TID Residential, with a bid of $238 million or $725 psf ppr. Oriental Pacific Development came third with a bid of $234.9 million or $716 psf ppr. Next was Wee Hur Development at $231.4 million or $705 psf ppr. The lowest bid was by a tie-up between ABR, RP Ventures and LWH, with a bid of $230.9 million or $704 psf ppr. Consultants had expected the Senja Close site to draw two to six bids, with land rates ranging from $600 to $750 psf ppr. Located at the Kranji Expressway, the site has a maximum GFA of 30,478 sq m, of which at least 500 sq m will be for an early childhood development centre that can take in up to 100 children. The last EC parcel awarded in the Bukit Panjang area was in 2010 to Grand Isle, a CDL unit, for $182 million or $271 psf ppr. The project, Blossom Residences, was launched for sale later in 2011, and has a median new sale price of $704 psf, according to caveats lodged. Prices of EC projects have trended upwards over the last few years, held up by limited supply and strong demand. The most recent EC launch, in the west, is Otto Place by developers Hoi Hup Realty and Sunway Developments, which clinched the site for $423.4 million or $701 psf ppr in February 2024. The project sold 351, or 58.5 per cent, of its 600 units during its launch in July. The average price of its units sold under the normal payment scheme was $1,700 psf. THE BUSINESS TIMES Source: The Straits Times © SPH Media Limited. Permission required for reproduction Discover how to enjoy other premium articles here

Contineum Therapeutics Reports Second-Quarter 2025 Financial Results; Updates Key Clinical Development Milestones
Contineum Therapeutics Reports Second-Quarter 2025 Financial Results; Updates Key Clinical Development Milestones

Business Wire

timea day ago

  • Business Wire

Contineum Therapeutics Reports Second-Quarter 2025 Financial Results; Updates Key Clinical Development Milestones

SAN DIEGO--(BUSINESS WIRE)--Contineum Therapeutics, Inc. (NASDAQ: CTNM) (Contineum or the Company), a clinical-stage biopharmaceutical company pioneering differentiated therapies for the treatment of neuroscience, inflammation and immunology (NI&I) indications, today reported its second-quarter 2025 financial results and updated its key clinical development milestones. Key Clinical Development Milestones The Company expects to report topline data from its ongoing PIPE-307 Phase 2 VISTA relapsing-remitting multiple sclerosis (RRMS) trial in the fourth quarter of 2025. This randomized, double-blind, placebo-controlled, multi-center, proof-of-concept trial is evaluating safety and efficacy in RRMS patients including clinical and imaging endpoints sensitive to remyelination. More information on this trial can be found at (NCT06083753). Contineum expects to report topline data from its PIPE-791 Phase 1b Positron Emission Tomography (PET) trial in the third quarter of 2025. This open-label, single-center trial is designed to assess the correlation between pharmacokinetics and lysophosphatidic acid 1 (LPA1) receptor occupancy using PET imaging to help guide dose selection in the next stages of clinical development. More information on this trial can be found at (NCT06683612). The Company is proceeding with activities related to the submission of regulatory applications with foreign regulatory authorities, and with the U.S. Food & Drug Administration (FDA), in support of its planned global PIPE-791 Phase 2 proof-of-concept clinical trial in IPF. This trial is expected to be initiated in the fourth quarter of 2025. In order to focus internal clinical resources on the PIPE-791 IPF program, the Company has postponed the initiation of its planned PIPE-791 Phase 2 clinical trial in progressive multiple sclerosis (PrMS) and the advancement of CTX-343 to first-in-human studies. The Company anticipates reporting topline data from its exploratory PIPE-791 Phase 1b trial in patients with chronic pain in the first half of 2026. This randomized, double-blind, placebo-controlled, crossover trial initiated patient dosing in March 2025. PIPE-791 is being evaluated for the treatment of patients with chronic osteoarthritis pain and chronic lower back pain. More information on this trial can be found at (NCT06810245). In December 2024, Johnson & Johnson began recruiting an estimated 124 adult participants for a Phase 2 Moonlight-1 trial of PIPE-307/JNJ-89495120. This trial is a randomized, double-blind, multicenter, placebo-controlled, proof-of-concept study to evaluate the efficacy, safety and tolerability of PIPE-307/JNJ-89495120 as monotherapy in adult participants with major depressive disorder (MDD). More information on this trial can be found at (NCT06785012). 'We continue to make significant progress with our lead programs and have taken several important steps to focus our key clinical development efforts,' said Carmine Stengone, CEO, Contineum Therapeutics. 'We're focused on initiating a comprehensive, well-designed global Phase 2 proof-of-concept trial in IPF by year-end. In parallel, we elected to postpone the initiation of our planned PIPE-791 PrMS and CTX-343 clinical trials in order to concentrate internal clinical resources on our IPF trial. We also expect to report topline data from our PIPE-307 Phase 2 VISTA trial for the treatment of RRMS in the fourth quarter of 2025. This topline data readout could provide the first evidence of remyelination in this challenging disease setting, while representing a critical step in delivering a novel therapy for patients in need.' Stengone continued, 'With a cash runway that is projected to extend through 2027, our near-term objectives are advancing the PIPE-307 partnered programs and PIPE-791 IPF program through critical milestones.' Second-Quarter 2025 Financial Results Cash, cash equivalents and marketable securities were $175.5 million as of June 30, 2025. Contineum believes it should have sufficient cash resources to fund its planned operations through 2027. During July 2025, the Company generated net proceeds of approximately $8.4 million from the issuance of 2,122,000 shares of Class A common stock in an at-the-market (ATM) offering at a weighted average price of $4.03 per share. Research and development expenses were $14.1 million, a 78 percent increase from the second quarter of 2024, largely due to higher clinical development expenses related to the advancement of the Company's PIPE-791 and PIPE-307 programs and higher employee-related costs. General and administrative expenses were $3.8 million, a 26 percent increase from the second quarter of 2024. The increase was primarily driven by higher stock-based compensation expense and employee-related costs. Net loss was $16.0 million for the three months ended June 30, 2025, as compared to $9.0 million for the prior-year quarter. About Contineum Therapeutics Contineum Therapeutics (Nasdaq: CTNM) is a clinical-stage biopharmaceutical company pioneering novel, oral small molecule therapies for NI&I indications with significant unmet need. Contineum is advancing a pipeline of internally-developed programs with multiple drug candidates now in clinical trials. PIPE-791 is an LPA1 receptor antagonist in clinical development for idiopathic pulmonary fibrosis, progressive multiple sclerosis and chronic pain. PIPE-307 is a selective inhibitor of the M1 receptor in clinical development for relapsing-remitting multiple sclerosis and major depressive disorder. For more information, please visit Forward-Looking Statements Certain statements contained in this press release, other than historical information, constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the Company's clinical trial and product development plans and timelines, including, but not limited to, the Company's expectations related to the regulatory submission process and expected timing of the initiation of the Company's Phase 2 proof-of-concept clinical trial in IPF; the expected timing of topline data from the PIPE-307 Phase 2 VISTA RRMS trial, the PIPE-791 Phase 1b PET trial or from the exploratory Phase 1b chronic pain trial; the Company's cash runway; the indications, anticipated benefits of, and market opportunities for the Company's drug candidates; the Company's business strategies and plans; and the quotations of the Company's management. These statements involve known and unknown risks, uncertainties and other important factors that are in some cases beyond the Company's control and may cause its actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties, include, but are not limited to, the following: the Company is heavily dependent on the success of PIPE-791 and PIPE-307, both of which are in the early stages of clinical development, and neither of these drug candidates may progress through clinical development or receive regulatory approval; the results of earlier preclinical studies and clinical trials, including those conducted by third parties, may not be predictive of future results and unexpected adverse side effects or inadequate efficacy of the Company's drug candidates may limit their development, regulatory approval and/or commercialization; the timing and outcome of research, development and regulatory review is uncertain; the FDA or comparable foreign regulatory authorities may disagree as to the design or implementation of our proposed clinical trials; clinical trials and preclinical studies may not proceed at the time or in the manner expected, or at all; the potential for the Company's programs and prospects to be negatively impacted by developments relating to the Company's competitors, including the results of studies or regulatory determinations relating to the Company's competitors; risks associated with reliance on third parties to successfully conduct clinical trials and, in the case of PIPE-307, the Company's reliance, pursuant to a global license and development agreement, upon Janssen Pharmaceutica NV, a Johnson & Johnson company, to develop PIPE-307 for any other indication other than relapsing-remitting multiple sclerosis and, after completion of the Company's PIPE-307 Phase 2 VISTA trial, Janssen Pharmaceutica NV's decision, in its sole discretion, whether or not to further develop PIPE-307 for relapsing-remitting multiple sclerosis; the Company has incurred significant operating expenses since inception and it expects that its operating expenses will continue to significantly increase for the foreseeable future; the Company's license agreement with Janssen Pharmaceutica NV may not result in the successful development of PIPE-307; the Company may be unable to obtain, maintain and enforce intellectual property protection for its technology and drug candidates; and unstable market and economic conditions and military conflict may adversely affect the Company's business and financial condition and the broader economy and biotechnology industry. Additional risks and uncertainties that could affect the Company's business, operations and results are included under the captions, 'Risk Factors' and "Management's Discussion and Analysis of Financial Condition and Results of Operations' in the Company's periodic filings and in other filings that the Company makes with the Securities and Exchange Commission (SEC) from time to time, which are available on the Company's website at under the Investor section and on the SEC's website at Accordingly, readers should not rely upon forward-looking statements as predictions of future events. Except as required by applicable law, the Company undertakes no obligation to update publicly or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. _____________ (a) Basic and diluted per share amounts are the same for Class A and Class B shares. Expand CONTINEUM THERAPEUTICS, INC. CONDENSED BALANCE SHEETS (unaudited) (in thousands, except share and par value data) June 30, 2025 Assets Current assets: Cash and cash equivalents $ 20,784 $ 21,943 Marketable securities 154,700 182,817 Prepaid expenses and other current assets 1,355 1,628 Total current assets 176,839 206,388 Property and equipment, net 856 989 Other long-term assets 186 3 Operating lease right-of-use assets 5,007 5,467 Total assets $ 182,888 $ 212,847 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 2,001 $ 1,811 Accrued expenses 3,747 6,711 Current portion of operating lease liabilities 1,466 1,452 Total current liabilities 7,214 9,974 Operating lease liabilities, net of current portion 4,284 4,807 Total liabilities 11,498 14,781 Commitments and contingencies (Note 8) Stockholders' equity: Class A common stock, $0.001 par value; authorized shares—200,000,000 at June 30, 2025 and December 31, 2024; issued and outstanding shares—19,190,723 and 19,125,377 at June 30, 2025 and December 31, 2024, respectively. 19 19 Class B common stock, $0.001 par value; authorized shares—20,000,000 at June 30, 2025 and December 31, 2024; issued and outstanding shares—6,729,172 at June 30, 2025 and December 31, 2024. 7 7 Preferred stock, $0.001 par value; authorized shares—10,000,000 at June 30, 2025 and December 31, 2024; no shares issued or outstanding at June 30, 2025 and December 31, 2024. — — Additional paid-in-capital 320,649 315,371 Accumulated deficit (149,432 ) (117,402 ) Accumulated other comprehensive income 147 71 Total stockholders' equity 171,390 198,066 Total liabilities and stockholders' equity $ 182,888 $ 212,847 Expand

PetPace Responds to Whistle Shutdown with Exclusive Offer on PetPace Collar as a Smarter Solution for Health, Wellbeing and GPS Tracking
PetPace Responds to Whistle Shutdown with Exclusive Offer on PetPace Collar as a Smarter Solution for Health, Wellbeing and GPS Tracking

Business Wire

time2 days ago

  • Business Wire

PetPace Responds to Whistle Shutdown with Exclusive Offer on PetPace Collar as a Smarter Solution for Health, Wellbeing and GPS Tracking

BURLINGTON, Mass.--(BUSINESS WIRE)--PetPace announced today that, following the acquisition of Whistle and the confirmation that all Whistle smart collars will be shut down by August 31, 2025, many pet owners are now facing the challenge of finding a reliable solution to continue monitoring their pets' location and health. In response, PetPace is extending an unprecedented opportunity to Whistle pet parents, inviting them to transition to the PetPace smart collar—an advanced GPS and AI health monitoring device that significantly surpasses basic activity trackers in both features and data insights. PetPace Responds to Whistle Shutdown with Exclusive Offer on PetPace Collar as a Smarter Solution for Health, Wellbeing and GPS Tracking Share Unlike traditional collars that focus primarily on activity, PetPace offers a clinically validated health tracking platform with a broader scope of data, including vital signs, behavior trends, and early indicators of health issues. Whistle users are encouraged to explore this limited time offer and experience the enhanced peace of mind that comes with a truly comprehensive pet health and safety solution. 'In the wake of the acquisition of Whistle, a major disruption is underway in the pet tech world: all Whistle smart collars will be deactivated, leaving pet owners to seek out a replacement for health and location tracking tools. PetPace warmly welcomes all whistle customers to experience how a superior and real health monitoring collar can provide AI predictive healthcare monitoring with vet/patient connectivity,' said Avner Schneur, Cofounder and Chairman of the Board. As a friendly and empathetic gesture to Whistle pet parents looking for a more advanced, dependable alternative, PetPace is offering our deepest discount yet at $80 off the PetPace collar + your first month free exclusively for verified Whistle collar users. Apply here: PetPace: More Than a GPS and Activity Tracking Collar For those who've come to rely on the location tracking of Whistle, PetPace delivers that and much more. While Whistle collars primarily focused on GPS and basic activity tracking, PetPace takes pet care significantly further by offering a comprehensive suite of health and behavior monitoring tools that were never available on Whistle devices. With PetPace, pet parents gain access to: Live GPS Tracking - Keep your pet safe with accurate, real-time location monitoring comparable to Whistle's core feature. Vital Health Metrics - Unlike Whistle, PetPace continuously monitors key physiological indicators such as heart rate, heart rate variability (HRV), respiration, body temperature, and calorie burn—providing a much deeper understanding of your pet's health. Advanced Behavioral Monitoring - PetPace uses AI to detect patterns in posture, sleep quality, activity levels, and stress—data Whistle users never had access to. Smart Alerts and Predictive Health Insights - Proprietary algorithms analyze the collected data and send early warnings about possible illness or distress, helping you intervene before a condition worsens. Veterinary Integration - PetPace offers the option to share health data directly with your veterinarian for faster, more informed care—something not supported by Whistle. Proven, Research-Based Technology - Used in veterinary hospitals, clinical studies, and academic research settings around the world, PetPace is a medically trusted solution, not just a consumer gadget. Built to Last - With no planned obsolescence or forced shutdowns, PetPace is a long-term investment in your pet's wellbeing Whether you're coming from Whistle or just beginning your search for better pet care tools, PetPace offers a unique combination of technology, reliability, and peace of mind that's in a class of its own. How to Redeem the Offer: Go to Fill out the application code form Enter your Whistle collar serial number to get coupon The coupon will be sent to your email; use the link to add the coupon automatically. Add a PetPace Smart Collar to your cart Enjoy $80 off + your first month free with a one-year subscription Offer valid through September 15, 2025, or while supplies last. About PetPace PetPace, based in Burlington, MA, is the leading provider of the most advanced, award-winning technology in holistic pet health solutions. Designed by vets for home use, the PetPace collar is dedicated to enhancing pet wellness through the world's most advanced wearable technology. Our patented AI/ML-powered smart collar continuously collects near real-time physiological and behavioral data, enabling early detection of health issues and redefining predictive pet care. Composed of veterinarians, IoT professionals, engineers, AI experts, and data specialists, our team collaborates with top universities and research institutes worldwide. Trusted by veterinarians, researchers, and pet owners, PetPace is dedicated to protecting and improving pet health. For more information visit:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store