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AC Immune Initiates Phase 1 Clinical Trial of NLRP3 Inhibitor

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AC Immune (NASDAQ: ACIU) has dosed the first participant in a Phase 1 trial of ACI-19764, an oral, brain-penetrant NLRP3 inhibitor. The study in healthy volunteers will assess safety, tolerability, PK/PD, and target engagement, with initial Phase 1 data expected in H2 2026.

Preclinical results reportedly show high potency, CNS penetrance, and reduced neuroinflammation in vivo, positioning ACI-19764 as a competitive candidate for neurodegenerative and inflammatory indications.

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Positive

  • Phase 1 initiation with first participant dosed (first-in-human)
  • Initial Phase 1 data expected in H2 2026
  • Oral, brain-penetrant small molecule with reported high potency and selectivity
  • Preclinical reductions in neuroinflammation and neurodegeneration in vivo

Negative

  • No human efficacy data yet; only healthy-volunteer safety study planned
  • Early-stage trial limited to Europe and healthy volunteers, not patient populations

Key Figures

Trial phase: Phase 1 Results timing: H2 2026 Trial structure: Part A and Part B +2 more
5 metrics
Trial phase Phase 1 Clinical trial of ACI-19764 in healthy volunteers
Results timing H2 2026 Phase 1 results in healthy volunteers expected
Trial structure Part A and Part B Single ascending doses and multiple ascending doses
Outcome measures Safety, tolerability, PK, PD Primary and key measures in Phase 1 trial
Target engagement IL-1β inhibition Secondary outcome measure for ACI-19764

Market Reality Check

Price: $2.50 Vol: Volume 650,888 is 2.12x t...
high vol
$2.50 Last Close
Volume Volume 650,888 is 2.12x the 20-day average of 306,550, signaling elevated interest ahead of the trial start. high
Technical Shares at $2.50 are trading below the 200-day MA of $2.64 and 37.5% under the 52-week high.

Peers on Argus

ACIU’s modest 0.4% gain comes with mixed but generally positive biotech peers (e...

ACIU’s modest 0.4% gain comes with mixed but generally positive biotech peers (e.g., EDIT +6.78%, IMMP +3.23%), yet no peers appear in the momentum scanner, pointing to a stock-specific driver.

Previous Clinical trial Reports

5 past events · Latest: Dec 11 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Dec 11 Phase 2 interim data Positive +15.4% Positive interim Phase 2 Parkinson’s data with 100% responder rate and biomarker support.
Apr 02 Interim efficacy update Positive +4.7% Further positive interim Phase 2 VacSYn results showing strong antibody responses and safety.
Dec 10 Safety data update Positive +0.0% Interim safety data from Phase 1b/2 ABATE trial in Down syndrome supporting dose escalation.
Nov 14 Positive Phase 2 data Positive +13.4% Positive interim Phase 2 Parkinson’s results with high antibody levels and good safety profile.
Sep 17 Trial milestone payment Positive +5.8% Second milestone payment from partner tied to Phase 2b ReTain Alzheimer’s trial progress.
Pattern Detected

Clinical trial updates have typically produced positive reactions, with an average move of 7.88% across recent trial-related headlines.

Recent Company History

Over recent years, AC Immune has repeatedly highlighted clinical progress across multiple neurodegenerative programs. Clinical trial updates for Parkinson’s disease immunotherapy ACI-7104.056 and Down syndrome candidate ACI-24.060, as well as Alzheimer’s‑focused ACI-35.030, have generally coincided with positive price moves, especially when interim efficacy or safety milestones were reported. The new Phase 1 start for NLRP3 inhibitor ACI-19764 extends this pattern of pipeline-driven catalysts, adding a small-molecule inflammasome program alongside existing active immunotherapies within the company’s neurodegeneration-focused portfolio.

Historical Comparison

+7.9% avg move · Past clinical-trial headlines for ACIU moved the stock by an average of 7.88%. This new Phase 1 NLRP...
clinical trial
+7.9%
Average Historical Move clinical trial

Past clinical-trial headlines for ACIU moved the stock by an average of 7.88%. This new Phase 1 NLRP3 initiation fits the pattern of trial-driven catalysts expanding its neurodegeneration pipeline.

Clinical updates have progressed from Phase 1b/2 safety and Phase 2 efficacy signals in Alzheimer’s, Parkinson’s, and Down syndrome to additional Alzheimer’s trial milestones. The NLRP3 Phase 1 start extends this trajectory into inflammasome-targeted small molecules.

Market Pulse Summary

This announcement marks the initiation of a Phase 1 trial for ACI-19764, a brain-penetrant NLRP3 inf...
Analysis

This announcement marks the initiation of a Phase 1 trial for ACI-19764, a brain-penetrant NLRP3 inflammasome inhibitor, in healthy volunteers, with initial data expected in H2 2026. It extends AC Immune’s neurodegeneration pipeline beyond active immunotherapies into small-molecule inflammation modulation. Historical clinical updates across Parkinson’s, Alzheimer’s, and Down syndrome programs have been important catalysts, so investors may watch for safety, pharmacokinetics, and IL‑1β target‑engagement data as key future milestones.

Key Terms

inflammasome, pharmacokinetics, pharmacodynamics, cerebrospinal fluid, +2 more
6 terms
inflammasome medical
"small molecule inhibitor of the NLRP3 inflammasome. Targeting the NLRP3 inflammasome provides"
A cellular protein assembly that senses danger or infection and turns on a rapid inflammatory response by activating enzymes that release signaling molecules and can trigger a controlled form of cell death. Think of it as a built‑in smoke detector and alarm system for immune cells: useful short-term to alert the body, but if it stays on it can cause chronic inflammation. Investors watch inflammasomes because they are drug targets and biomarkers that can affect a therapy’s effectiveness, safety profile, and regulatory path.
pharmacokinetics medical
"investigate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ACI-19764"
Pharmacokinetics is the study of how a substance, such as a drug or chemical, moves through and is processed by the body over time. It tracks how it is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps gauge the effectiveness, safety, and potential risks of new medications or treatments, which can influence a company’s success and valuation in the healthcare industry.
pharmacodynamics medical
"safety, tolerability, pharmacokinetics, and pharmacodynamics of ACI-19764 in healthy volunteers"
Pharmacodynamics is how a drug actually affects the body — the strength, type and duration of its effects and the relationship between dose and response. Think of it like how turning a thermostat changes room temperature: it shows what the drug does and how much is needed to get the desired effect. Investors care because these properties drive clinical success, dosing convenience, safety profile and competitive advantage, all of which influence commercial potential and regulatory approval.
cerebrospinal fluid medical
"pharmacokinetics in plasma and cerebrospinal fluid. A secondary outcome measure"
A clear fluid that surrounds and cushions the brain and spinal cord, acting like a protective bath and cleanup system that removes waste and helps circulate nutrients. For investors, cerebrospinal fluid matters because it is a common source of diagnostic markers and a route for delivering or testing neurological drugs; changes in its composition can signal disease or affect a therapy’s development, approval prospects, and market value.
microglia medical
"showed excellent weight control both alone and in combination with semaglutide, as well as reductions in activation of both microglia and astrocytes"
Microglia are the brain’s resident immune cells that act like on-site janitors and security guards: they clear damaged cells and debris, patrol for threats, and coordinate local repair. For investors, microglia matter because they are a major target and biomarker in drug development for neurological and psychiatric conditions; therapies that modulate microglial activity can drive clinical trial outcomes, regulatory decisions, and the commercial value of biotech investments.
astrocytes medical
"activation of both microglia and astrocytes. These preclinical data position ACI-19764 competitively"
Star-shaped brain cells that support and maintain neurons by cleaning up waste, regulating chemical balance, and helping control blood flow; think of them as the brain’s support staff and maintenance crew. They matter to investors because drugs or diagnostics that target these cells can change the development path and commercial potential of treatments for neurological and psychiatric disorders, affecting the valuation and risk of biotech and pharmaceutical companies.

AI-generated analysis. Not financial advice.

AC Immune Initiates Phase 1 Clinical Trial of NLRP3 Inhibitor

  • ACI-19764 is an orally available highly brain-penetrant small molecule NLRP3 inhibitor
  • NLRP3 inhibitors are a major new class of compounds linked to a broad spectrum of inflammatory conditions including both metabolic and neurological diseases
  • ACI-19764 is an important addition to AC Immune’s growing small molecule pipeline
  • Phase 1 results in healthy volunteers are expected in H2 2026

Lausanne, Switzerland, February 24, 2026 -- AC Immune SA (NASDAQ: ACIU), a clinical-stage biopharmaceutical company pioneering precision therapeutics for neurodegenerative diseases, today announced that the first participant has been dosed in a Phase 1 clinical trial of ACI-19764, an orally administered small molecule inhibitor of the NLRP3 inflammasome.

Targeting the NLRP3 inflammasome provides an opportunity to reduce the chronic inflammation thought to be associated with disease progression in multiple inflammatory disorders, metabolic diseases, and neurological diseases, including Alzheimer’s disease (AD), Parkinson’s disease (PD), amyotrophic lateral sclerosis (ALS) and frontotemporal dementia.

Dr. Andrea Pfeifer, CEO of AC Immune SA, commented: "We are delighted to announce the dosing of the first participant in the Phase 1 trial in healthy volunteers of our lead NLRP3 inhibitor. This is another important milestone in demonstrating the power of AC Immune’s small molecule discovery capabilities for targeting key pathways that contribute to neurodegeneration and other diseases. Robust preclinical data have shown that ACI-19764 has best-in-class potential based on its potency and PK profile, as well as its ability to reduce neuroinflammation and limit neurodegeneration in vivo. This suggests ACI-19764 could have a disease-modifying effect relevant to neurodegenerative diseases, and we are looking forward to studying it further in the clinical setting.”

The Phase 1 trial will investigate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ACI-19764 in healthy volunteers. The study is divided into two parts. Part A will evaluate single ascending doses while Part B will examine multiple ascending doses. The trial is being conducted in Europe. Primary outcome measures include the safety and tolerability of ACI-19764, as well as its pharmacokinetics in plasma and cerebrospinal fluid. A secondary outcome measure will assess target engagement (inhibition of IL-1β) and exploratory endpoints will include the influence of ACI-19764 on fluid biomarkers of the immune system, among others. Initial data from the Phase 1 trial are expected in the second half of 2026.

ACI-19674 has demonstrated a highly competitive profile in extensive preclinical studies, with optimal brain penetrance in animal models, high potency and selectivity in assays including whole human blood and in several in vivo models, and an excellent safety and tolerability profile. In a mouse model of diet-induced obesity (DIO), ACI-19764 showed excellent weight control both alone and in combination with semaglutide, as well as reductions in activation of both microglia and astrocytes. These preclinical data position ACI-19764 competitively among the best-in-class NLRP3 inhibitors for CNS indications.

About ACI-19764

ACI-19764 is an orally available, highly brain penetrant, small molecule drug candidate which specifically inhibits the NLRP3 inflammasome. In preclinical studies it has been shown to be safe and well tolerated and has shown high potency as demonstrated by the downstream inhibition of IL-1β production in vitro by human macrophages and human whole blood with an IC50 in the range of 2-20.5nM. It has shown an excellent level of brain penetration with Kp,uu values in rat brain and dog CSF of 0.71 and 1, respectively. ACI-19764 statistically significantly inhibited neuroinflammation in vivo through reduced activation of Iba1+ microglial cells and GFAP+ astrocytes in preclinical models (including mouse models of Diet-Induced Obesity and chronic LPS-mediated CNS inflammation), demonstrating its strongly competitive profile and high potential for broad application in both metabolic and neurologic therapeutic areas.

About AC Immune SA 

AC Immune SA is a clinical-stage biopharmaceutical company and a global leader in precision prevention for neurodegenerative diseases, including Alzheimer’s disease, Parkinson’s disease, and NeuroOrphan indications driven by misfolded proteins. The Company’s two clinically validated technology platforms, SupraAntigen® and Morphomer®, fuel its pipeline of first- and best-in-class assets, which currently features a range of therapeutic and diagnostic programs, including candidates in Phase 2 and Phase 3 development. AC Immune has a strong track record of securing strategic partnerships with leading global pharmaceutical companies, resulting in substantial non-dilutive funding to advance its proprietary programs and >$4.5 billion in potential milestone payments plus royalties.

SupraAntigen® is a registered trademark of AC Immune SA in the following territories: AU, EU, CH, GB, JP, RU, SG and USA. Morphomer® is a registered trademark of AC Immune SA in CA, CN, CH, EU, GB, JP, KR, NO, RU and SG.

The information on our website and any other websites referenced herein is expressly not incorporated by reference into, and does not constitute a part of, this press release.

For further information, please contact:

SVP, Investor Relations & Corporate Communications

Gary Waanders, Ph.D., MBA
AC Immune
Phone: +41 21 345 91 91
Email: gary.waanders@acimmune.com





 
International Media

Chris Maggos
Cohesion Bureau
Phone: +41 79 367 6254
Email: chris.maggos@cohesionbureau.com
 

Forward looking statements

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than historical fact and may include statements that address future operating, financial or business performance or AC Immune’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. These risks and uncertainties include those described under the captions “Item 3. Key Information – Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in AC Immune’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and AC Immune does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law. All forward-looking statements are qualified in their entirety by this cautionary statement.

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FAQ

What is AC Immune announcing with ACI-19764 (ACIU) on February 24, 2026?

AC Immune has dosed the first participant in a Phase 1 trial of ACI-19764. According to AC Immune, the study will test safety, tolerability, PK/PD and target engagement in healthy volunteers, with initial data expected in H2 2026.

When does AC Immune (ACIU) expect initial Phase 1 results for ACI-19764?

Initial Phase 1 results are expected in the second half of 2026. According to AC Immune, the trial will report early safety, pharmacokinetics and target-engagement data in H2 2026.

What does the Phase 1 trial of ACI-19764 (ACIU) aim to measure?

The trial will measure safety, tolerability, pharmacokinetics, and pharmacodynamics. According to AC Immune, primary outcomes include safety and PK in plasma and cerebrospinal fluid plus IL-1β target engagement and exploratory biomarkers.

Is ACI-19764 (ACIU) delivered orally and can it reach the brain?

Yes, ACI-19764 is an orally administered, brain-penetrant small molecule. According to AC Immune, preclinical studies show optimal CNS penetrance, high potency, and selectivity in multiple in vivo models.

What preclinical evidence supports AC Immune's ACI-19764 (ACIU)?

Preclinical studies reportedly show high potency, CNS penetration, and reduced microglia and astrocyte activation. According to AC Immune, ACI-19764 also showed weight control in a mouse DIO model and strong safety signals in vivo.
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