Gain Therapeutics(GANX)

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Gain Therapeutics(GANX) - 2024 Q4 - Annual Results
2025-03-27 20:02
Exhibit 99.1 Gain Therapeutics Reports Financial Results for the Fourth Quarter and Year End 2024 and Provides Corporate Update First Analysis from Phase 1b Study of GT-02287 in Parkinson's Disease Expected in Q2 2025 BETHESDA, Md., March 27, 2025 -- Gain Therapeutics, Inc. (Nasdaq: GANX) ("Gain", or the "Company"), a clinical-stage biotechnology company leading the discovery and development of the next generation of allosteric small molecule therapies, today reported financial results for the fourth quarte ...
Gain Therapeutics Reports Financial Results for the Fourth Quarter and Year End 2024 and Provides Corporate Update
Newsfilter· 2025-03-27 11:00
BETHESDA, Md., March 27, 2025 (GLOBE NEWSWIRE) -- Gain Therapeutics, Inc. (NASDAQ:GANX) ("Gain", or the "Company"), a clinical-stage biotechnology company leading the discovery and development of the next generation of allosteric small molecule therapies, today reported financial results for the fourth quarter and year ended December 31, 2024, and provided a corporate update. "2024 was a year of significant progress for Gain, as we made important advancements related to both the scientific understanding and ...
Gain Therapeutics Doses First Participant in Phase 1b Clinical Trial of GT-02287 in Parkinson's Disease
GlobeNewswire News Room· 2025-03-14 11:45
Core Viewpoint - Gain Therapeutics, Inc. has initiated dosing in a Phase 1b clinical trial for its lead drug candidate GT-02287, aimed at treating Parkinson's disease, marking a significant step in the development of a disease-modifying therapy for this condition [1][2]. Company Overview - Gain Therapeutics is a clinical-stage biotechnology company focused on discovering and developing next-generation allosteric small molecule therapies [8]. - The company’s lead drug candidate, GT-02287, is designed to treat Parkinson's disease with or without a GBA1 mutation and is an orally administered, brain-penetrant small molecule [5][8]. Clinical Trial Details - The Phase 1b trial is an open-label, multi-center study evaluating the safety and tolerability of GT-02287 in participants with GBA1-PD and idiopathic PD, with secondary endpoints including pharmacokinetics and biomarker analysis [3]. - The trial will enroll up to 20 participants who will receive GT-02287 daily for three months, with interim data expected by the end of Q2 2025 [3][4]. Previous Study Results - A prior Phase 1 study in healthy volunteers demonstrated a favorable safety and tolerability profile for GT-02287, with significant target engagement indicated by over 50% increase in glucocerebrosidase (GCase) activity [4][8]. - Preclinical data showed that GT-02287 restored GCase function, reduced neuroinflammation, and improved motor and cognitive functions in models of Parkinson's disease [5][6]. Funding and Support - Gain Therapeutics has received funding support from The Michael J. Fox Foundation for Parkinson's Research, The Silverstein Foundation, and the Eurostars-2 joint program, co-funded by the European Union Horizon 2020 research and Innosuisse [7].
Gain Therapeutics Doses First Participant in Phase 1b Clinical Trial of GT-02287 in Parkinson's Disease
Newsfilter· 2025-03-14 11:45
Core Viewpoint - Gain Therapeutics, Inc. has initiated dosing in its Phase 1b clinical trial for GT-02287, aimed at treating Parkinson's disease, marking a significant step in the development of a disease-modifying therapy [1][2]. Company Overview - Gain Therapeutics, Inc. is a clinical-stage biotechnology company focused on discovering and developing next-generation allosteric therapies [8]. - The lead drug candidate, GT-02287, is being evaluated for Parkinson's disease treatment, specifically targeting both GBA1 mutation carriers and idiopathic cases [5][8]. Clinical Trial Details - The Phase 1b trial is an open-label, multi-center study designed to assess the safety and tolerability of GT-02287 in participants with GBA1-PD and idiopathic PD, with secondary endpoints including pharmacokinetics and biomarker analysis [3]. - Up to 20 participants will receive GT-02287 daily for three months, with interim data expected by the end of Q2 2025 [3][4]. Previous Study Results - A prior Phase 1 study in healthy volunteers demonstrated a favorable safety profile and significant target engagement, with over 50% increase in glucocerebrosidase (GCase) activity [4][8]. - Preclinical data indicated that GT-02287 restored GCase function, reduced neuroinflammation, and improved motor and cognitive functions in models of Parkinson's disease [5][6]. Funding and Support - Gain's Parkinson's disease program has received funding from The Michael J. Fox Foundation, The Silverstein Foundation, and the Eurostars-2 program, co-funded by the European Union Horizon 2020 research and Innosuisse [7].
Gain Therapeutics Announces Oral Presentation at AD/PD 2025
GlobeNewswire News Room· 2025-03-06 12:55
Core Viewpoint - Gain Therapeutics, Inc. is advancing its lead drug candidate GT-02287 for the treatment of Parkinson's disease, with promising preclinical data suggesting disease-modifying potential [1][5]. Group 1: Presentation Details - Joanne Taylor, Ph.D., will present on GT-02287 at the AD/PD™ 2025 International Conference, scheduled for April 1-5, 2025, in Vienna, Austria [1][2]. - The presentation will focus on GT-02287's potential in preclinical models of both GBA1 and idiopathic Parkinson's disease [2]. Group 2: Drug Candidate Overview - GT-02287 is an orally administered, brain-penetrant small molecule that acts as an allosteric modulator of the glucocerebrosidase enzyme, which is often impaired due to GBA1 mutations [4][7]. - Preclinical studies have shown that GT-02287 restores GCase function, reduces neuroinflammation, and improves motor and cognitive functions [4][5]. Group 3: Funding and Support - Gain Therapeutics has received funding from The Michael J. Fox Foundation, The Silverstein Foundation, and the Eurostars-2 program, indicating strong support for its research initiatives [6]. Group 4: Company Background - Gain Therapeutics is a clinical-stage biotechnology company focused on developing next-generation allosteric therapies for neurodegenerative diseases and other challenging disorders [8]. - The company utilizes its Magellan™ platform to discover novel small molecule modulators aimed at restoring protein function [8].
Gain Therapeutics CEO Gene Mack Issues Letter To Shareholders and Provides Operational Update
Globenewswire· 2025-02-06 13:45
Core Viewpoint - Gain Therapeutics is advancing the clinical development of GT-02287, a potential disease-modifying therapy for Parkinson's disease, with significant milestones expected in 2025 [1][9]. Clinical Development - The company received approval to initiate a Phase 1b clinical trial of GT-02287 in December 2024, following a successful study in healthy volunteers that showed a 53% increase in glucocerebrosidase (GCase) activity [2][3]. - The Phase 1b trial will enroll 15-20 individuals with GBA1 or idiopathic Parkinson's disease, who will receive daily oral doses of GT-02287 for three months [3]. - Key biomarkers to be evaluated include GCase enzyme activity and inflammatory markers, with results expected to provide insights into the drug's neuroprotective effects [3][4]. Preclinical and Mechanism Insights - The company is expanding its preclinical data on GT-02287, focusing on its mechanism of action and neuroprotective roles beyond the lysosome [4]. - Observations include mitochondrial stabilization associated with GT-02287 administration, which may enhance its therapeutic profile [4]. Regulatory Engagement - Gain Therapeutics is strengthening its collaboration with the FDA, having received positive feedback during a pre-IND meeting in December 2024, indicating no significant regulatory hurdles for Phase 2 preparations [5]. Financial Position - As of September 30, 2024, the company had approximately $12 million in cash, expected to finance operations through the interim analysis of the Phase 1b trial in 2Q 2025 [6]. - The company is exploring licensing partnerships and other financing sources to maintain control over GT-02287's development [6]. Market Context - Parkinson's disease is the second most common neurodegenerative disease, with current treatments only addressing symptoms, highlighting the potential impact of GT-02287 as a disease-modifying therapy [9][10]. - The company aims to progress GT-02287 through clinical trials and expand its preclinical data package, contributing to the broader field of Parkinson's disease research [9].
Gain Therapeutics To Participate in Upcoming Investor Conferences
Newsfilter· 2025-02-05 13:30
Core Insights - Gain Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing next-generation allosteric small molecule therapies [3][4] - The company's lead drug candidate, GT-02287, is being evaluated for the treatment of Parkinson's disease, showing favorable safety and tolerability in a Phase 1 study [3][4] - CEO Gene Mack will present at two upcoming investor conferences, providing opportunities for investors to engage with management [1][6] Company Overview - Gain Therapeutics specializes in discovering and developing allosteric therapies, utilizing its advanced Magellan™ platform to accelerate drug discovery [3][4] - The company aims to unlock novel treatments for challenging disorders, including neurodegenerative diseases and rare genetic disorders [4] Upcoming Events - Gene Mack will present at the BIO CEO & Investor Conference on February 11, 2025, at 1:15 PM ET [1][6] - A virtual corporate presentation will take place at the Oppenheimer 35th Annual Healthcare Life Sciences Conference on February 12, 2025, at 10:40 AM ET [6]
All You Need to Know About Gain Therapeutics (GANX) Rating Upgrade to Strong Buy
ZACKS· 2025-01-16 18:00
Core Viewpoint - Gain Therapeutics, Inc. (GANX) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Gain Therapeutics indicates an expected loss of -$1 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 41.5% [9]. - Over the past three months, the Zacks Consensus Estimate for Gain Therapeutics has increased by 12.1%, suggesting a positive trend in earnings estimates [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, which is a critical factor in determining stock price movements [2][3]. - The Zacks Rank system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Market Implications - The upgrade to Zacks Rank 1 positions Gain Therapeutics among the top 5% of stocks in terms of estimate revisions, suggesting potential for near-term price increases [11]. - Rising earnings estimates and the corresponding rating upgrade imply an improvement in Gain Therapeutics' underlying business, which could lead to higher stock prices as investors respond positively [6].
Gain Therapeutics Announces Formation of Clinical Advisory Board to Support Continued Advancement of Lead Drug Candidate GT-02287
Globenewswire· 2025-01-08 13:00
Core Insights - Gain Therapeutics, Inc. has formed a Clinical Advisory Board (CAB) to support the development of its lead drug candidate, GT-02287, for Parkinson's disease [1][2] - The CAB consists of experts in trial design, genetics, and biomarkers related to Parkinson's disease, aiming to advance GT-02287 through Phase 2 and Phase 3 clinical development [1][2] Company Overview - Gain Therapeutics is a clinical-stage biotechnology company focused on discovering and developing next-generation allosteric small molecule therapies [9][10] - The lead drug candidate, GT-02287, is being evaluated for treating Parkinson's disease with or without a GBA1 mutation [9][10] Drug Candidate Details - GT-02287 is an orally administered, brain-penetrant small molecule that acts as an allosteric protein modulator, restoring the function of the lysosomal enzyme glucocerebrosidase (GCase) [6][9] - Preclinical studies have shown that GT-02287 can restore GCase function, reduce aggregated α-synuclein, and improve motor and cognitive functions [6][7] Clinical Development and Support - The drug candidate has received funding support from The Michael J. Fox Foundation for Parkinson's Research and The Silverstein Foundation for Parkinson's with GBA, among others [8] - Results from a Phase 1 study indicated favorable safety and tolerability, with plasma exposure in the projected therapeutic range [9]
Gain Therapeutics Appoints Gene Mack as Chief Executive Officer and Director
Globenewswire· 2025-01-07 12:00
Core Viewpoint - Gain Therapeutics has appointed Gene Mack as President and Chief Executive Officer, effective January 6, 2025, to ensure continuity in leadership as the company advances its lead drug candidate, GT-02287, through clinical development [1][2]. Leadership Changes - Gene Mack has been promoted from Chief Financial Officer and interim Chief Executive Officer to President and Chief Executive Officer, and he will also join the Board of Directors [1][2]. - Gianluca Fuggetta has been appointed as Senior Vice President, Finance and Principal Financial Officer [1]. Gene Mack's Background - Gene Mack brings over 25 years of experience in the life sciences sector, including roles in clinical research, financing, corporate strategy, and business development [3]. - Prior to joining Gain Therapeutics, he served as CFO at Imcyse SA and OncoC4, and has experience as a senior publishing analyst at various investment banks [3]. Drug Candidate Overview - GT-02287 is in clinical development for treating Parkinson's disease, targeting both GBA1 mutation and idiopathic forms [4][7]. - The drug is an orally administered, brain-penetrant small molecule that acts as an allosteric protein modulator, restoring the function of the lysosomal enzyme glucocerebrosidase (GCase) [4]. Clinical Development and Support - GT-02287 has shown promising preclinical results, including restoration of GCase function and reduction of neuroinflammation and neuronal death [4][5]. - The program has received funding support from The Michael J. Fox Foundation and other organizations, indicating strong backing for its development [6]. Future Plans - The ongoing Phase 1b trial for GT-02287 in Parkinson's disease patients is expected to continue into the first half of 2025, with preparations for potential Phase 2 activities in the second half of 2025 [3].