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Agomab Announces Positive Phase 1 Results for AGMB-447 in Patients with Idiopathic Pulmonary Fibrosis and Design of Phase 2 INSPIRIA Study

Phase 1 IPF data support lung-restricted target engagement for AGMB-447 as Agomab advances to a 120-patient Phase 2 INSPIRIA study.

(Positive)

Agomab Therapeutics (AGMB) reported positive Phase 1 results for inhaled ALK5 inhibitor AGMB-447 in idiopathic pulmonary fibrosis (IPF) patients and outlined its planned Phase 2 INSPIRIA trial.

In Part C of the Phase 1 study, 10 IPF patients received 4.5–6 mg twice daily for 14 days via nebulization. At 4.5 mg BID, AGMB-447 showed a generally favorable safety and tolerability profile, with no systemic safety signals at any dose. Adverse events were more frequent at 6 mg BID; the most common were cough and bronchospasm, with cough episodes short and mainly limited to inhalation, and no worsening of disease-related cough over 14 days.

PK data in IPF confirmed lung-restricted exposure, with 4.5 mg BID achieving bronchoalveolar lavage levels above IC90 for at least 6 hours and above IC50 for 24 hours. pSMAD3 reduction >50% in BAL cells indicated robust ALK5 target engagement. Agomab has submitted a Clinical Trial Application for INSPIRIA, a 24-week, randomized, double-blind, placebo-controlled Phase 2 study in about 120 IPF patients, randomizing 2:1 to AGMB-447 4 mg BID or placebo on top of standard of care, with change in forced vital capacity at Week 24 as the primary endpoint.

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Positive

  • Phase 1 IPF cohort (10 patients) showed generally favorable safety and tolerability at 4.5 mg BID over 14 days.
  • No systemic safety signals were detected at any tested dose level in the Phase 1 program.
  • Lung-restricted PK with 4.5 mg BID achieving BAL levels above IC90 for ≥6 hours and above IC50 for 24 hours.
  • Robust target engagement with >50% pSMAD3 reduction in BAL cells at 4.5 mg BID.
  • Phase 2 CTA submitted for 24-week INSPIRIA trial in approximately 120 IPF patients, using FVC change at Week 24 as primary endpoint.

Negative

  • Higher incidence of adverse events reported at the 6 mg BID dose level.
  • Most frequent adverse events were cough and bronchospasm during the 14-day dosing period.
  • Small IPF sample size in Phase 1 Part C, with only 10 patients treated.

News Explained

The release reports positive Phase 1 findings, but AGMB-447 remains investigational: it is not approved by any regulatory authority, and its efficacy and safety have not been established.

Market Context

A 7.41% 24-hour gain followed Agomab’s Aug 6 half-year results, which had targeted an AGMB-447 Phase...
Analysis

A 7.41% 24-hour gain followed Agomab’s Aug 6 half-year results, which had targeted an AGMB-447 Phase 2 IPF start; the current announcement added Phase 1 patient data and the INSPIRIA study design.

Key Figures

IPF patients: 10 patients Favorable dose: 4.5 mg BID Adverse-event dose: 6 mg BID +5 more
IPF patients
10 patients
Phase 1 Part C
Favorable dose
4.5 mg BID
Phase 1 IPF patients
Adverse-event dose
6 mg BID
Higher incidence of adverse events reported
Pulmonary exposure
Above IC90 for at least 6 hours; above IC50 for 24 hours
4.5 mg BID in IPF patients
pSMAD3 reduction
>50%
BAL cells at 4.5 mg BID
Study duration
24 weeks
INSPIRIA Phase 2 study
Planned enrollment
Approximately 120 patients
INSPIRIA Phase 2 study
Randomization
2:1
AGMB-447 versus placebo in INSPIRIA

Historical Context

1 past event · Latest: Aug 06
1 event
  1. Aug 06

    Half-year results

    24h Move
    +7.4%

    AGMB-447 Phase 2 IPF study targeted to start in the second half of 2026

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pharmacokinetic, alk5, bronchoalveolar lavage, ic50, +1 more
5 terms
pharmacokinetic medical
"Pharmacokinetic profile confirms efficient lung restriction"
Pharmacokinetic describes how a drug moves through and leaves the body — how it is absorbed, spread to tissues, broken down and excreted — like tracking a package from pickup to delivery and disposal. For investors, these properties determine effective dose, safety risks, how often a medicine must be taken, and how reliably it works, which in turn influence clinical trial success, regulatory approval chances, production complexity and a drug’s commercial value.
alk5 medical
"small molecule inhibitor of ALK5 (or TGFβR1)"
A receptor protein on cell surfaces that receives signals from the TGF‑β pathway and helps control cell growth, scarring and inflammation. Think of it like a traffic signal that tells cells to slow down, change behavior or produce scar tissue; drugs that block or tweak ALK5 can alter those signals, so progress in ALK5-targeting drugs can materially affect the prospects and value of biotech firms developing treatments for fibrosis, cancer, or related conditions.
bronchoalveolar lavage medical
"average bronchoalveolar lavage (BAL) fluid levels"
A bronchoalveolar lavage is a medical procedure that rinses a small area of the lung with fluid and then collects that fluid for analysis, like flushing and examining the inside of a pipe to see what’s inside. Investors care because results can reveal infection, inflammation, or drug-related lung effects that influence clinical trial outcomes, regulatory decisions and market perception of respiratory therapies or safety profile of systemic drugs.
ic50 medical
"above IC50 for 24 hours"
IC50 is the concentration of a drug or compound needed to reduce a specific biological activity by half, commonly used to compare how potent experimental treatments are in laboratory tests. For investors, a lower IC50 often signals a stronger candidate that may require smaller doses, influence development costs, safety margins and competitive positioning, so it offers an early measure of technical promise though it does not guarantee clinical or commercial success.
clinical trial application regulatory
"Clinical Trial Application (CTA) for INSPIRIA Phase 2"
An application submitted to a regulatory authority requesting formal permission to begin testing a new drug, medical device, or treatment in humans. Like asking for a building permit before construction, it summarizes safety data, plans for how the study will be run, and monitoring procedures; investors watch these filings closely because approval lets a program move from lab research to clinical testing, reducing uncertainty and creating value-driving milestones.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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-- Topline Phase 1 data shows generally favorable safety and tolerability profile of AGMB-447 --

-- Pharmacokinetic profile confirms efficient lung restriction with low systemic exposure and high exposure of AGMB-447 in the lung, in line with prior results observed in healthy participants --

-- Robust target engagement of ALK5 observed with AGMB-447 in IPF patients --

-- Clinical Trial Application (CTA) for INSPIRIA Phase 2 study in IPF patients submitted; Company intends to initiate study before year-end --

Antwerp, Belgium, September 14, 2026Agomab Therapeutics NV (‘Agomab’), a clinical-stage biopharmaceutical company focused on fibro-inflammation, today announced positive results of the Phase 1 study of AGMB-447 in IPF patients. AGMB-447 is an investigational inhaled lung-restricted small molecule inhibitor of ALK5 (or TGFβR1) intended for the treatment of Idiopathic Pulmonary Fibrosis (IPF).1

The Phase 1 study of AGMB-447 is a three-part, double-blind, randomized, placebo-controlled single ascending dose (SAD; Part A; dose range: 1 mg QD (once daily) to 20 mg QD) and multiple ascending dose (MAD; Part B; dose range: 1 mg QD to 6 mg BID (twice daily)) study in healthy participants and multiple dose study in IPF patients (Part C; dose range: 4.5 mg BID to 6 mg BID). AGMB-447 was administered via nebulization, as a single dose in the SAD, over seven days in Part B and over 14 days in Part C.

A total of 10 IPF patients were included in Part C. In line with the data in healthy participants reported previously, AGMB-447 was observed to have a generally favorable safety and tolerability profile in IPF patients at 4.5 mg BID. While a higher incidence of adverse events was reported at 6 mg BID, no new specific safety signals were identified, and no systemic safety signals were detected at any dose. The most frequently reported adverse events were cough and bronchospasm. Cough episodes were short and mostly limited to the inhalation period. Furthermore, no increase in the severity of disease-related cough was reported at any dose over the 14-day dosing period.

Low systemic but high pulmonary exposure of AGMB-447 was also measured in IPF patients, supporting its lung-restricted pharmacokinetic (PK) profile. In IPF patients, daily doses of 4.5 mg BID achieved average bronchoalveolar lavage (BAL) fluid levels above IC90 for at least 6 hours post-inhalation, and above IC50 for 24 hours, in line with the PK profile observed in healthy participants.

In IPF patients, pSMAD3 reduction in BAL cells of >50% was achieved at the 4.5 mg BID dose, indicating robust target engagement in line with the results observed previously in healthy participants and supporting further clinical development of AGMB-447 for the treatment of IPF.

“We are very pleased with the Phase 1 results of AGMB-447 in patients with IPF announced today. In line with the positive interim data in healthy participants announced earlier this year, the data indicated a generally favorable safety, tolerability and PK profile of AGMB-447 and provided proof-of-mechanism of TGFβ/ALK5 inhibition in the lungs of IPF patients,” said Philippe Wiesel, Chief Medical Officer at Agomab. “We believe that by blocking the TGFβ/ALK5 pathway locally in the lung, AGMB-447 has the potential to offer a potent anti-fibrotic therapy to IPF patients. The extensive data collected in our broad Phase 1 program supports the initiation of our Phase 2 INSPIRIA study later this year.”

The company also announced the design of INSPIRIA, its planned Phase 2 study with AGMB-447 in IPF. INSPIRIA is a 24-week Phase 2, randomized, double-blind, placebo-controlled study in approximately 120 patients with confirmed IPF. Patients will be randomized 2:1 to receive AGMB-447 4 mg twice daily or placebo, administered by inhalation on top of standard of care. The study is designed to evaluate the safety, pharmacokinetics and efficacy of AGMB-447 in IPF patients. The primary endpoint will be the change from baseline in forced vital capacity at Week 24. The CTA for INSPIRIA has been submitted, and the study is anticipated to begin in the second half of 2026 across a large European site network.

“We have long known that the TGFβ pathway is a central driver of fibrosis in IPF. Targeting this key pathway through ALK5 inhibition with AGMB-447 is a promising approach. With a convenient twice-daily dosing schedule, AGMB-447 could represent an attractive option for monotherapy or combination therapy with systemic standard of care therapies. The INSPIRIA study is designed to further explore the therapeutic potential of this novel inhaled approach in people living with IPF,” said Toby Maher, M.D., PhD, Professor of Clinical Medicine at Keck School of Medicine of USC.

Agomab intends to present detailed Phase 1 results at a future scientific conference.

AGMB-447 is an investigational drug and not approved by any regulatory authority. Its efficacy and safety have not been established. 

About IPF
Idiopathic Pulmonary Fibrosis (IPF) is a devastating disease affecting approximately 255,000 patients in the U.S., Japan, and the largest European markets (EU4+UK). IPF is characterized by unregulated production of fibrotic, scar-like tissue that builds up in the scaffolding of the lungs. As a result, the fibrotic lung becomes stiff, hampers the patient’s ability to breathe and reduces the absorption of inhaled oxygen in the blood. Despite the commercial availability of three approved therapies, without a lung transplant, the median survival following diagnosis is only 3-5 years. Moreover, these therapies do not halt but only slow down disease progression and have side effects that reduce tolerability and lead to treatment discontinuations.

About AGMB-447
AGMB-447 is an inhaled lung-restricted small molecule inhibitor of ALK5 (or TGFβR1) intended for the treatment of Idiopathic Pulmonary Fibrosis (IPF). TGFβ is the master regulator of fibrosis, which is the key mechanism driving IPF disease progression. AGMB-447 is specifically designed to inhibit ALK5 in the lung while avoiding clinically relevant systemic exposure through local administration via inhalation and rapid hydrolyzation in plasma into one main metabolite inactive in cells. Through AGMB-447, Agomab aims to offer a potentially safe and effective novel anti-fibrotic therapeutic option to IPF patients.

About Agomab
Agomab is a clinical-stage biopharmaceutical company focused on developing novel disease-modifying therapies for fibro-inflammatory diseases with high unmet medical need. Agomab’s product candidates are designed to target established, potent pathways and utilize organ-restricted approaches, with the aim of increasing efficacy while minimizing safety liabilities. Fostering a culture of excellence, Agomab’s mission is to pioneer therapeutics that aim to resolve fibro-inflammation and restore organ function to enable people with these disorders to live fuller and healthier lives.

Cautionary Note regarding Forward-Looking Statements
This press release includes certain disclosures that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often identified by terms such as "continue," "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. “Forward-looking statements” include, without limitation, statements regarding the potential of AGMB-447 for the treatment of IPF, the design of the planned Phase 2 clinical trial with AGMB-447 for IPF, our expectation to initiate our Phase 2 clinical trial of AGMB-447 in IPF in the second half of 2026, and our interactions with regulatory authorities. Forward-looking statements are based on Agomab’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the results of our clinical trials; expectations regarding the inherent uncertainties associated with the development of novel drug therapies; preclinical and clinical trial and product development activities and regulatory approval requirements for product candidates; the impact of governmental laws and regulations on our business; and disruptions caused by our reliance on third party suppliers and service providers. These and other risks and uncertainties are described more fully in our filings and reports with the SEC, including in our most recent annual report on Form 20‐F filed with the SEC and our subsequent filings and reports filed with the SEC. Forward-looking statements contained in this announcement are made as of this date, and Agomab undertakes no duty to update such information except as required under applicable law. Readers should not rely upon the information in this announcement as current or accurate after its publication date.

Contacts
Investors
Sofie Van Gijsel
VP of Investor Relations
E-Mail: sofie.vangijsel@agomab.com
Phone: +1 781 296 1143
        
Media
Gretchen Schweitzer
Trophic Communications
E-Mail: agomab@trophic.eu 
Phone: +49 172 861 8540


1 Study Details | Phase I Study to Assess Safety, Tolerability, PK and PD of AGMB-447 in Healthy Participants and Participants With IPF | ClinicalTrials.gov


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the design of the Phase 1 study of AGMB-447?

The Phase 1 study was a three-part, double-blind, randomized, placebo-controlled trial. Part A was a single ascending dose arm in healthy participants (1 mg once daily to 20 mg once daily). Part B was a multiple ascending dose arm in healthy participants (1 mg once daily to 6 mg twice daily) over seven days. Part C was a multiple-dose arm in IPF patients (4.5 mg twice daily to 6 mg twice daily) over 14 days, with AGMB-447 administered by nebulization.

How is the INSPIRIA Phase 2 study for AGMB-447 structured?

INSPIRIA is planned as a 24-week, randomized, double-blind, placebo-controlled Phase 2 study in approximately 120 patients with confirmed IPF. Patients will be randomized 2:1 to receive AGMB-447 4 mg twice daily or placebo, administered by inhalation on top of standard of care. The trial will assess safety, pharmacokinetics and efficacy, with the primary endpoint being change from baseline in forced vital capacity at Week 24.

When is the INSPIRIA Phase 2 trial expected to start and where will it be conducted?

The Clinical Trial Application for INSPIRIA has been submitted, and the study is anticipated to begin in the second half of 2026 across a large European site network.

Is AGMB-447 approved for use in IPF or other indications?

AGMB-447 is an investigational drug that is not approved by any regulatory authority. Its efficacy and safety have not been established.

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