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Adlai Nortye Announces First Patient Enrolled in Global Phase 1 Trial of Pan-RAS (ON) Inhibitor AN9025 for Solid Tumors Harboring RAS Mutations

(Neutral)

Adlai Nortye (NASDAQ: ANL) announced dosing of the first U.S. patient in early February 2026 in its global Phase 1, first-in-human trial of AN9025, an oral pan-RAS (ON) inhibitor for advanced or metastatic solid tumors with RAS mutations.

The multicenter, open-label MRCT evaluates safety, tolerability, pharmacokinetics and anti-tumor activity; Adlai Nortye retains ex-China rights while ASK Pharm holds rights in mainland China, Hong Kong and Macao.

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Positive

  • First U.S. patient dosed in February 2026
  • Initiation of a first-in-human Phase 1 study for AN9025
  • Multi-regional clinical trial with ASK Pharm; Adlai Nortye retains ex-China rights

Negative

  • None.

News Market Reaction – ANL

+3.88%
5 alerts
+3.88% Session close to close
+4.5% Peak in 23 hr 58 min
$374.54M Market Cap
0.0x Rel. Volume

In the Feb 12 session, ANL gained 3.88%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.5% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement marks the first U.S. patient dosed in Adlai Nortye’s global Phase 1 trial of AN902...
Analysis

This announcement marks the first U.S. patient dosed in Adlai Nortye’s global Phase 1 trial of AN9025, a pan‑RAS(ON) inhibitor for advanced or metastatic solid tumors with RAS mutations. It follows earlier pipeline milestones, including the Phase II ARTEMIS study of palupiprant (AN0025) highlighted on May 22, 2024. Investors may watch for enrollment progress, emerging safety and pharmacokinetic data, and how this program complements other RAS‑targeted assets in the portfolio.

Key Figures

Trial phase: Phase 1
1 metrics
Trial phase Phase 1 First-in-human global trial of AN9025 in RAS-mutant solid tumors

Previous Clinical trial Reports

1 past event · Latest: May 22 (Positive)
Same Type Pattern 1 events
Date Event Sentiment 24h Move Catalyst
May 22 Clinical trial initiation Positive +0.0% First patient dosed in Phase II ARTEMIS trial of palupiprant (AN0025).

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

Pattern Detected

Past clinical trial initiation news produced flat price reaction, suggesting limited immediate trading impact from early-stage trial milestones.

Recent Company History

Recent history in tagged clinical events shows Adlai Nortye highlighting pipeline progress without strong price reactions. On May 22, 2024, first-patient dosing in the Phase II ARTEMIS trial for palupiprant (AN0025) in locally advanced rectal cancer led to a 0% 24-hour move. That study involves 140 patients and builds on Phase Ib data. Today’s announcement of first U.S. patient dosing in a global Phase 1 trial of AN9025 extends this pattern of incremental, early-stage clinical execution across the oncology portfolio.

Key Terms

pan-ras (on) inhibitor, pharmacokinetics, anti-tumor activity, multicenter, +4 more
8 terms
pan-ras (on) inhibitor medical
"its ongoing Phase 1 clinical trial of AN9025, a pan-RAS (ON) inhibitor."
A pan-RAS inhibitor is a drug designed to block the activity of RAS proteins — a family of molecular switches that control cell growth — across multiple RAS types rather than just one subtype. For investors, this matters because RAS mutations are common drivers of many cancers, so a broadly effective inhibitor could address a large market and transform treatment options, but it also carries high clinical and regulatory risk like any complex, wide‑scope therapy.
pharmacokinetics medical
"designed to evaluate the safety, tolerability, pharmacokinetics and anti-tumor activity of AN9025"
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.
anti-tumor activity medical
"designed to evaluate the safety, tolerability, pharmacokinetics and anti-tumor activity of AN9025"
Anti-tumor activity describes evidence that a drug or treatment can reduce tumor size, slow or stop tumor growth, or prevent new tumors from forming in lab, animal, or human studies. For investors this signals the treatment’s potential to succeed in clinical development and reach the market; like early road-test results for a new car, stronger anti-tumor activity generally raises the odds of regulatory approval, commercial value and return on investment.
multicenter medical
"first-in-human, multicenter, open-label trial designed to evaluate the safety"
A multicenter study or trial is conducted at several independent locations or clinics rather than a single site, so researchers collect data from diverse groups and settings. For investors, multicenter designs matter because they increase the credibility and generalizability of results, reduce the risk that findings are due to one local population or practice, and often speed enrollment — all factors that can affect regulatory outcomes, market confidence and commercial prospects.
open-label medical
"first-in-human, multicenter, open-label trial designed to evaluate the safety"
Open-label describes a situation where everyone involved in a study or process knows the full details, such as who is receiving a treatment or intervention. For investors, understanding whether a project or product is open-label helps gauge the level of transparency and potential biases, influencing trust and decision-making. It’s like knowing whether a test or experiment is conducted openly or behind closed doors.
metastatic medical
"in patients with advanced or metastatic solid tumors harboring RAS mutations."
Metastatic describes cancer that has spread from its original spot to other organs or tissues, like weeds moving from one garden bed into several others. For investors, metastatic disease matters because it often requires more complex, long-term treatments, larger clinical trials, and can drive demand for specialized drugs and diagnostics—factors that affect a drug’s development costs, regulatory risk, market size, and potential revenue.
multi-regional clinical trial medical
"as a multi-regional clinical trial (“MRCT”) pursuant to a license agreement"
A multi-regional clinical trial tests a drug or medical device at study sites in several different countries or geographic regions at the same time, so results reflect how it works across diverse populations and health systems. For investors, these trials matter because they can speed enrollment, strengthen regulatory credibility and market access across territories, but also increase complexity, cost and timing—like testing a car in multiple climates to prove it works everywhere.
license agreement regulatory
"MRCT pursuant to a license agreement, under which Adlai Nortye retains ex-China rights"
A license agreement is a contract where the owner of intellectual property, technology, a brand, or other rights gives another party permission to use those assets under specified conditions, usually for fees, royalties or other payments. For investors it matters because such deals create or limit predictable revenue streams, affect profit margins, transfer legal and commercial risk, and can determine how quickly a company can grow — like renting out a patented tool to earn steady income while keeping ownership.

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

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SINGAPORE and NORTH BRUNSWICK, N.J. and HANGZHOU, China, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Adlai Nortye Ltd. (NASDAQ: ANL) (the “Company” or “Adlai Nortye”), a clinical-stage biotechnology company focused on the development of innovative cancer therapies, today announced that the first patient has been dosed in the United States in early February in its ongoing Phase 1 clinical trial of AN9025, a pan-RAS (ON) inhibitor.

The Phase 1 study is a first-in-human, multicenter, open-label trial designed to evaluate the safety, tolerability, pharmacokinetics and anti-tumor activity of AN9025 in patients with advanced or metastatic solid tumors harboring RAS mutations. This trial is being conducted by Adlai Nortye in collaboration with Jiangsu Aosaikang Pharmaceutical Co. Ltd. (“ASK Pharm”) as a multi-regional clinical trial (“MRCT”) pursuant to a license agreement, under which Adlai Nortye retains ex-China rights to AN9025, while ASK Pharm holds rights in mainland China, Hong Kong and Macao.

“Dosing the first U.S. patient with AN9025, our wholly in-house discovered, oral pan-RAS(ON) inhibitor with best-in-class potential, is a significant milestone,” said Dr. Archie Tse, Head of Research and Development at Adlai Nortye. “This achievement advances our clinical strategy to evaluate AN9025 across multiple RAS-mutant solid tumors. We look forward to efficiently progressing its global clinical development and generating meaningful data to support its future advancement.”

About AN9025

AN9025 is an oral small molecule pan-RAS(ON) inhibitor with best-in-class potential, designed to target a broad spectrum of RAS mutations across various tumor types. Preclinical studies have demonstrated that AN9025 effectively inhibits RAS-mutant cancers with potent and durable efficacy, including pancreatic, lung, and colorectal adenocarcinomas, and shows comparable or superior results relative to a benchmark agent of the same class.

About Adlai Nortye

Adlai Nortye (NASDAQ: ANL) is a global clinical-stage company at the forefront of discovering and developing innovative cancer therapies. Leveraging our dual R&D presence in the U.S. and China, we are building a robust pipeline of drug candidates focused on two key areas where we believe we can make a significant difference. (1) Next-generation cancer immunotherapies: our candidates, AN8025 (a tri-functional fusion protein of αPD-L1 x CD86 variant x LAG3 variant), a T-cell and antigen-presenting cell modulator, and AN4005 (a first-in-class oral small-molecule PD-L1 inhibitor), are designed to activate cancer immunity in novel ways. (2) RAS-targeting therapies: we are tackling RAS-driven cancers with AN9025, an oral pan-RAS(ON) inhibitor, and AN4035, a CEACAM5-targeting ADC delivering a potent pan-RAS(ON) inhibitor directly to tumors.

Forward-Looking Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets” and similar statements. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, are or contain forward-looking statements.

The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Factors that could cause the Company’s actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the initiation, timing, progress and results of the Company’s preclinical studies, clinical trials and other therapeutic candidate development efforts; the Company’s ability to advance its therapeutic candidates into clinical trials or to successfully complete its preclinical studies or clinical trials; whether the clinical trial results will be predictive of real-world results; the Company’s receipt of regulatory approvals for its therapeutic candidates, and the timing of other regulatory filings and approvals; the clinical development, commercialization and market acceptance of the Company’s therapeutic candidates; the Company’s ability to establish, manage, and maintain corporate collaborations, as well as the ability of its collaborators to execute on their development and commercialization plans; the implementation of the Company’s business model and strategic plans for its business and therapeutic candidates; the scope of protection the Company is able to establish and maintain for intellectual property rights covering its therapeutic candidates and its ability to operate its business without infringing the intellectual property rights of others; estimates of the Company’s expenses, future revenues, capital requirements and its needs for and ability to access sufficient additional financing; risks related to changes in healthcare laws, rules and regulations in the PRC and United States or elsewhere. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement and in the attachments is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Company contact:
Investor Relations
Email: ir@adlainortye.com


FAQ

What did Adlai Nortye (ANL) announce on February 12, 2026 about AN9025?

They announced the first U.S. patient was dosed in early February 2026 in a Phase 1 trial. According to the company, the study is a multicenter, open-label MRCT evaluating safety, tolerability, pharmacokinetics and anti-tumor activity in RAS-mutant solid tumors.

What is the design and goal of the AN9025 Phase 1 trial (ANL)?

The trial is a first-in-human, multicenter, open-label Phase 1 study focused on safety and tolerability. According to the company, it will also assess pharmacokinetics and preliminary anti-tumor activity in patients with advanced or metastatic RAS-mutant solid tumors.

Which regions hold rights to AN9025 under Adlai Nortye's (ANL) license agreement?

Adlai Nortye retains ex-China rights while ASK Pharm holds rights in mainland China, Hong Kong and Macao. According to the company, this structure supports a multi-regional clinical development strategy for AN9025.

Does the AN9025 announcement provide efficacy or safety results for investors (ANL)?

No efficacy or broad safety results were reported with the dosing announcement. According to the company, the Phase 1 study aims to generate those safety, tolerability and anti-tumor activity data as it progresses.

How does the AN9025 milestone affect Adlai Nortye's (ANL) clinical strategy?

Dosing the first U.S. patient advances the company’s global development plan for AN9025. According to the company, this milestone enables multi-regional data collection to support future development decisions and potential regulatory interactions.

What patient population is eligible for the AN9025 Phase 1 trial (ANL)?

The study enrolls patients with advanced or metastatic solid tumors harboring RAS mutations. According to the company, the trial focuses on this genetically defined population to evaluate AN9025’s safety and early anti-tumor activity.