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Cereno Scientific Receives Approval to Initiate FDA-aligned Phase I Pharmacokinetic Study of CS014 Supporting Phase II Development in PH-ILD

(Very Positive)

Cereno Scientific (NASDAQ: B) received Swedish Medical Products Agency approval to start a Phase I pharmacokinetic study of CS014, designed using FDA pre-IND feedback. The open-label, randomized, two-period crossover trial in 14 healthy adults compares seven-day repeat dosing of CS014 versus valproic acid to characterize total and unbound plasma concentrations at steady state.

The company says a successful PK study could remove the need for additional nonclinical safety work and a Phase IIa trial, supporting a capital-efficient path toward a planned Phase II study in PH-ILD in Q1 2027. Results are expected mid-2026.

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Positive

  • Swedish MPA approval to initiate Phase I PK study
  • Study designed with FDA pre-IND feedback
  • Trial may remove need for additional safety studies and Phase IIa
  • Planned Phase II in PH-ILD targeted for Q1 2027
  • Results from Phase I expected mid-2026

Negative

  • Phase I study enrolls only 14 healthy adults
  • Regulatory reliance on comparative PK to VPA may face agency scrutiny
  • Progression timeline to Phase IIb is conditional on successful PK outcomes

News Market Reaction – B

-0.70%
15 alerts
-0.70% Session close to close
-2.2% Trough in 26 min
$71.71B Market Cap
0.2x Rel. Volume

In the Mar 17 session, B declined 0.70%, reflecting a mild negative market reaction. Argus tracked a trough of -2.2% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details regulatory-aligned initiation of a Phase I pharmacokinetic study for CS014...
Analysis

This announcement details regulatory-aligned initiation of a Phase I pharmacokinetic study for CS014, designed from FDA pre-IND feedback to streamline progression toward Phase II in PH-ILD, with results expected in mid-2026 and a Phase II start planned for Q1 2027. Historical clinical-trial-tagged news shows large average moves of -34.63%, underscoring that upcoming readouts and regulatory interactions remain key catalysts and risk points to watch.

Key Figures

Healthy volunteers: 14 volunteers Dosing duration: 7 days Study design periods: 2 periods +5 more
8 metrics
Healthy volunteers 14 volunteers Phase I PK study sample size
Dosing duration 7 days Repeat oral dosing period for CS014 and valproic acid
Study design periods 2 periods Two-period crossover pharmacokinetic trial
Study sequences 2 sequences Randomised, 2-sequence crossover design
Phase II timeline Q1 2027 Planned Phase II PH-ILD trial start
Results timing mid-2026 Expected Phase I PK study readout
Trial phase Phase I Open-label PK study of CS014
Planned phase Phase IIb Targeted trial stage after PK comparison

Previous Clinical trial Reports

5 past events · Latest: Sep 02 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Sep 02 sBLA submission Positive +0.7% Rolling sBLA to FDA for Leqembi Iqlik subcutaneous starting dose in Alzheimer’s.
Jun 13 Phase 2a safety Positive +3.1% Positive interim safety in exidavnemab Phase 2a enabling higher-dose Parkinson’s and MSA cohorts.
May 08 Trial expansion Positive -59.0% Regulatory approval to add 12 MSA patients to EXIST Phase 2a exidavnemab study.
Apr 23 Defense contract Positive -59.0% $1.2M SBIR Phase II Navy contract for C-band GNSS receiver development with Hexagon partners.
Mar 17 Orphan designation Positive -59.0% FDA Orphan Drug Designation for exidavnemab targeting Multiple System Atrophy treatment.

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

Pattern Detected

Clinical and regulatory trial news has often led to sharp moves, with 3 of 5 tagged events followed by large negative reactions (around -59%), while 2 showed modest gains.

Recent Company History

Recent clinical-trial-tagged news spans multiple companies and programs. In Sep 2025, a rolling sBLA submission for Leqembi’s subcutaneous autoinjector saw a small positive move. Positive Phase 2a safety data for exidavnemab in Jun 2025 also coincided with gains. By contrast, regulatory approvals to expand the EXIST Phase 2a study, an SBIR Phase II contract award, and Orphan Drug Designation for exidavnemab all preceded sharp declines near -59%. Today’s FDA-aligned Phase I PK design for CS014 fits into this pattern of significant market sensitivity to clinical milestones.

Key Terms

pharmacokinetic, pre-IND, open-label, pharmacokinetics, +3 more
7 terms
pharmacokinetic medical
"approved the initiation of a Phase I pharmacokinetic study of CS014."
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.
pre-IND regulatory
"based on feedback received in a pre-IND meeting with the U.S. Food and Drug Administration"
"Pre-ind" is short for "pre-indication" and refers to the period before a formal announcement or official signal that a significant change or event is about to happen, such as a company preparing to release important news. For investors, it can signal a time of increased activity or uncertainty, as market participants try to interpret hints and anticipate future developments. Recognizing pre-ind conditions helps investors make more informed decisions ahead of major shifts.
open-label medical
"The approved study is a Phase I, open-label, randomized, two-period crossover"
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.
pharmacokinetics medical
"The study will evaluate steady-state pharmacokinetics following seven days of repeat oral dosing"
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.
bioavailability medical
"the FDA indicated that comparative bioavailability data would be acceptable"
Bioavailability is the measure of how much and how quickly a substance, such as a medication or nutrient, enters the bloodstream and becomes available for use by the body. For investors, it matters because it influences how effectively a product works and how quickly results are seen, which can impact a company's success and the potential value of related investments. Think of it like how much of a medicine actually reaches your bloodstream after taking it—that determines how well it can do its job.
hdac inhibitor medical
"compared to valproic acid (VPA), a well-established HDAC inhibitor."
A HDAC inhibitor is a drug that blocks enzymes (histone deacetylases) which act like dimmer switches on genes, changing how tightly DNA is packaged and thereby turning certain genes up or down. For investors, these drugs matter because they can alter disease pathways—particularly in cancer and some neurological conditions—so clinical trial results, safety profiles, and regulatory decisions directly affect a company’s drug value and market potential.
epigenetic medical
"Designed as a multi-modal epigenetic modulator, CS014 aims to optimize pharmacokinetics"
Epigenetic describes changes that alter how genes are turned on or off without changing the underlying DNA sequence, similar to flipping light switches or adjusting software settings that control a machine. For investors, epigenetic mechanisms matter because they create new targets for drugs, diagnostics, and therapies that can modify disease processes or patient responses, potentially leading to novel products, market opportunities, and long-term revenue streams.

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

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GOTHENBURG, Sweden, March 17, 2026 /PRNewswire/ -- Cereno Scientific (NASDAQ First North: CRNO B), an innovative biotech pioneering treatments to enhance and extend life for people with rare cardiovascular and pulmonary diseases, today announced that the Swedish Medical Products Agency has approved the initiation of a Phase I pharmacokinetic study of CS014. The study is designed based on feedback received in a pre-IND meeting with the U.S. Food and Drug Administration (FDA) and is expected to remove the need for additional safety studies and a Phase IIa trial. This supports a streamlined and capital-efficient development pathway toward the planned Phase II trial in pulmonary hypertension associated with interstitial lung disease (PH-ILD) in Q1 2027.

The approved study is a Phase I, open-label, randomized, two-period crossover pharmacokinetic (PK) trial in 14 healthy adult volunteers. The study will evaluate steady-state pharmacokinetics following seven days of repeat oral dosing of CS014 compared to valproic acid (VPA), a well-established HDAC inhibitor. The primary objective is to characterize total and unbound plasma concentrations of CS014 at steady state compared to VPA.

Following a constructive pre-IND meeting, the FDA indicated that comparative bioavailability data would be acceptable to support the initiation of a Phase IIb trial with CS014. The pharmacokinetic comparison allows Cereno Scientific to leverage the extensive clinical experience with VPA to strengthen the CS014's safety package. A successful trial is expected to remove the need for additional nonclinical safety studies and a clinical Phase IIa trial, allowing Cereno Scientific to progress directly toward Phase IIb preparations. 

"This study represents a regulatory aligned and strategically important step in the continued development of CS014," said Sten R. Sörensen, CEO of Cereno Scientific. "By incorporating FDA feedback early, we have designed a focused pharmacokinetic program that supports efficient progression toward our planned Phase IIb study in PH-ILD and enables a more streamlined development pathway toward potential marketing approval. This reflects our capital-efficient and disciplined approach to development and our ambition to bring pioneering treatments to patients faster and with greater probability of success."

CS014 is a precision deuterated HDAC inhibitor and proprietary new chemical entity within Cereno Scientific's differentiated HDAC inhibitor platform. Designed as a multi-modal epigenetic modulator, CS014 aims to optimize pharmacokinetics and metabolic stability while targeting underlying disease mechanisms such as fibrosis, vascular remodeling, inflammation and thrombosis, which are central drivers in several cardiopulmonary diseases.

"CS014 builds on our strong expertise in HDAC inhibition and epigenetic modulation," said Rahul Agrawal, CMO and Head of R&D at Cereno Scientific. "By generating comparative pharmacokinetic data with VPA, this study allows us to leverage the extensive clinical experience of this HDAC inhibitor class while advancing CS014 toward Phase II development in PH-ILD, a serious condition with limited treatment options."

Results from the Phase I pharmacokinetic study are expected in mid-2026.

* Formal clinical trial name: A phase 1, open label, randomised, 2-period, 2 sequence, 7-days repeat-dosing, crossover oral pharmacokinetic trial comparing multiple dosing of CS014 to valproic acid in healthy adults.

For further information, please contact:
Tove Bergenholt, Head of IR & Communications
Email: tove.bergenholt@cerenoscientific.com
Phone: +46 73- 236 62 46

About CS014

CS014 is being developed as a next-generation (precision deuterated) histone deacetylase (HDAC) inhibitor and novel chemical entity designed to modulate epigenetic pathways that target the root mechanisms of cardiovascular and pulmonary diseases. Non-clinical studies have demonstrated potent effects on pathways involved in vascular remodeling, fibrosis and thrombosis, which are key drivers of disease progression in several cardiovascular and pulmonary conditions and suggests disease-modifying potential (Stanger, L. et al (2025). The recently completed Phase I study confirmed that CS014 has a favorable safety profile and is well tolerated at and above exposure levels that, based on non-clinical data, are predicted to support maximal effects on the reversal of pulmonary vascular remodeling and fibrosis. These findings support advancement of CS014 into Phase II with an initial development focus of pulmonary hypertension associated with interstitial lung disease (PH-ILD).

About Cereno Scientific AB

Cereno Scientific is pioneering treatments to enhance and extend life. The company's innovative pipeline offers disease-modifying drug candidates to empower people suffering from rare cardiovascular and pulmonary diseases to live life to the fullest.

Lead candidate CS1 is an HDAC inhibitor that works through epigenetic modulation and represents a novel therapeutic approach by targeting the root mechanisms of the pulmonary arterial hypertension (PAH). CS1 is a well-tolerated oral therapy with a favorable safety profile that has shown encouraging efficacy signals in a Phase IIa trial in patients with PAH, including improvements in right heart function and patient quality of life, consistent with reverse vascular remodeling. An Expanded Access Program enables patients that have completed the Phase IIa trial to gain access to CS1. CS014 is a new chemical entity and HDAC inhibitor with a multimodal mechanism of action as an epigenetic modulator having the potential to address the underlying pathophysiology of a range of cardiovascular and pulmonary diseases with high unmet needs. CS014 showed favorable safety and tolerability profile in Phase I, development focus for Phase II is pulmonary hypertension associated with interstitial lung disease (PH-ILD). Cereno Scientific is also pursuing a preclinical program with CS585, an oral, highly potent and selective prostacyclin (IP) receptor agonist that has demonstrated the potential to significantly improve disease mechanisms relevant to cardiovascular diseases. While CS585 has not yet been assigned a specific indication for clinical development, preclinical data indicates that it could potentially be used in indications like thrombosis prevention without increased risk of bleeding.

The Company is headquartered in GoCo Health Innovation City, in Gothenburg, Sweden, and has a US subsidiary; Cereno Scientific Inc. based in Kendall Square, Boston, Massachusetts, US. Cereno Scientific is listed on the Nasdaq First North (CRNO B). The Company's Certified Adviser is DNB Carnegie Investment Bank AB, certifiedadviser@carnegie.se. More information can be found on www.cerenoscientific.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/cereno-scientific/r/cereno-scientific-receives-approval-to-initiate-fda-aligned-phase-i-pharmacokinetic-study-of-cs014-s,c4322348

The following files are available for download:

https://mb.cision.com/Main/14131/4322348/3986940.pdf

Press release

 

Cision View original content:https://www.prnewswire.com/news-releases/cereno-scientific-receives-approval-to-initiate-fda-aligned-phase-i-pharmacokinetic-study-of-cs014-supporting-phase-ii-development-in-ph-ild-302715928.html

SOURCE Cereno Scientific

FAQ

What did Cereno Scientific (B) announce about CS014 on March 17, 2026?

They announced approval to start a Phase I PK study of CS014 in Sweden. According to the company, the trial uses FDA pre-IND feedback and compares seven-day dosing of CS014 versus valproic acid to characterize steady-state plasma concentrations.

How is the CS014 Phase I study designed and how many subjects will be enrolled?

The study is an open-label, randomized, two-period crossover PK trial in 14 healthy adults. According to the company, it compares steady-state pharmacokinetics after seven days of repeat oral dosing of CS014 against valproic acid.

Could the CS014 Phase I PK study replace additional safety studies or Phase IIa for Cereno Scientific (B)?

A successful PK study could remove the need for extra nonclinical safety studies and a Phase IIa trial. According to the company, comparative bioavailability data with VPA would support progressing directly toward Phase IIb preparations.

What timeline did Cereno Scientific (B) give for Phase II in PH-ILD and Phase I results?

The company plans a Phase II study in PH-ILD in Q1 2027 and expects Phase I results in mid-2026. According to the company, the Phase I outcome will inform the streamlined development path toward Phase IIb.

Why is valproic acid (VPA) used as a comparator in the CS014 PK trial by Cereno Scientific (B)?

VPA is a well-established HDAC inhibitor used to provide comparative bioavailability context. According to the company, leveraging VPA's extensive clinical experience helps strengthen CS014's safety and PK package for regulatory review.

What are the main risks for investors regarding Cereno Scientific's (B) CS014 development plan?

Key risks include the small Phase I cohort size and conditional progression dependent on successful PK outcomes. According to the company, regulatory acceptance of comparative PK to VPA is central to removing further studies and advancing timelines.