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BioVie Announces Completion of Phase 2 SUNRISE-PD Trial in Early-Stage Parkinson’s Disease

(Neutral)

BioVie (NASDAQ:BIVI) completed the last patient evaluation visit in its SUNRISE-PD Phase 2 trial of bezisterim in early-stage Parkinson’s disease, with topline data targeted for Q3 2026.

The study aims to evaluate motor and non-motor outcomes and inform Phase 3 registrational trial design.

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Positive

  • Phase 2 SUNRISE-PD trial patient evaluations completed for bezisterim in early-stage Parkinson’s
  • Topline Phase 2 SUNRISE-PD data targeted for release in Q3 2026
  • Phase 2 results intended to guide Phase 3 registrational trial design
  • KOL event highlights bezisterim mechanism and Parkinson’s pathology to investors and clinicians

Negative

  • Efficacy and safety outcomes for bezisterim in SUNRISE-PD remain unknown until Q3 2026 topline
  • No quantitative clinical data from SUNRISE-PD disclosed yet for investors to assess

News Market Reaction – BIVI

+3.82%
2 alerts
+3.82% Session close to close
$10.41M Market Cap
0.3x Rel. Volume

In the May 18 session, BIVI gained 3.82%, reflecting a moderate positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms completion of patient evaluation visits in the SUNRISE-PD Phase 2 trial o...
Analysis

This announcement confirms completion of patient evaluation visits in the SUNRISE-PD Phase 2 trial of bezisterim, with topline data targeted for Q3 2026. It advances a multi-year progression that has included funding, trial initiation, and full enrollment. Until results are unblinded, key uncertainties remain around efficacy on motor and non-motor endpoints and how those data will shape Phase 3 design, which may be critical for the program’s longer-term trajectory.

Key Figures

Phase 2 trial: Phase 2 SUNRISE-PD Topline timing: Q3 2026 Phase 3 planning: Phase 3 registrational design
3 metrics
Phase 2 trial Phase 2 SUNRISE-PD Current study of bezisterim in early-stage Parkinson’s disease
Topline timing Q3 2026 Planned release of Phase 2 SUNRISE-PD topline data
Phase 3 planning Phase 3 registrational design Phase 2 endpoints intended to inform Phase 3 trial design

Previous Clinical trial Reports

5 past events · Latest: Apr 27 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 27 KOL clinical update Positive +6.0% Announced virtual KOL event reviewing Phase 2 bezisterim Parkinson’s data and mechanism.
Jan 08 Enrollment completion Positive -3.7% Completion of enrollment of 60 patients in SUNRISE-PD Phase 2 Parkinson’s trial.
Apr 16 Trial initiation Positive -3.4% Initiation of SUNRISE-PD Phase 2 trial with first early Parkinson’s patient enrolled.
Nov 04 Trial funding Positive -9.4% Secured full funding over $15M for upcoming Parkinson’s clinical trial of bezisterim.
Aug 27 Clinical data update Positive -3.0% Presented bezisterim data on inflammation modulation and biological age deceleration.

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

Pattern Detected

Clinical-trial-related announcements for bezisterim have often coincided with negative next-day moves despite generally constructive milestones, with only one recent KOL event showing a positive alignment.

Recent Company History

Over the past two years, BioVie has steadily advanced bezisterim in Parkinson’s disease. Key steps included funding its PD trial in Nov 2024, initiating SUNRISE-PD with first patient enrolled in Apr 2025, completing enrollment of 60 patients in Jan 2026, and hosting a KOL event in Apr 2026. Historically, most clinical-trial announcements produced negative next-day moves, with only the recent KOL event showing a positive reaction, framing today’s completion of Phase 2 visits within a long-running development arc.

Key Terms

phase 2, phase 3, mechanism of action, key opinion leader, +2 more
6 terms
phase 2 medical
"SUNRISE-PD Phase 2 trial evaluating its drug candidate bezisterim"
Phase 2 is the mid-stage clinical trial where a new drug or treatment is tested in a larger group of patients to see if it works and to keep checking safety after initial human testing. Think of it as a field test that proves whether a product actually delivers its promised benefit. Investors watch Phase 2 closely because its results strongly influence a medicine’s chances of reaching the market, the size of its potential sales, and the company’s valuation.
phase 3 medical
"so that we can finalize the design for the Phase 3 registrational trials"
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
mechanism of action medical
"bezisterim’s mechanism of action in relation to the pathology and progression"
Mechanism of action describes how a drug, therapy, or medical product produces its effect in the body—the specific steps, targets, and biological processes it engages, like a key fitting into a lock to open a door. Investors care because a clear, well-understood mechanism reduces scientific uncertainty, supports regulatory approval and market confidence, and helps predict safety, effectiveness and additional uses, all of which influence a product’s commercial potential and a company’s valuation.
key opinion leader medical
"The company recently hosted a virtual key opinion leader (KOL) event"
A key opinion leader is an individual whose insights, expertise, or influence significantly shape the opinions and decisions of others within a particular field or community. For investors, they are like trusted guides whose views can impact market trends or perceptions, making their perspectives important to watch. Their influence often stems from experience, reputation, or widespread respect among peers.
insulin resistance medical
"discuss the importance of insulin resistance in disease pathology"
Insulin resistance is a health condition in which the body’s cells stop responding well to insulin, the hormone that helps move sugar from the blood into cells for energy, so blood sugar stays higher than normal. For investors, it matters because rising rates of insulin resistance expand demand for drugs, tests, devices and care services, affect long‑term healthcare costs and productivity, and influence the outlook for companies focused on metabolic and chronic disease treatment.
non-motor symptoms medical
"the need to address Parkinson’s non-motor symptoms, including sleep disorder"
Non-motor symptoms are the non-physical or non-movement problems that accompany neurological diseases — for example sleep disturbances, mood changes, cognitive decline, pain, fatigue, or digestive and bladder issues. They matter to investors because these symptoms widen the patient needs a treatment must address, affect quality of life and healthcare use, and can change the commercial value of drugs or devices much like interior features and comfort influence a car’s market appeal beyond its engine.

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Last Patient Evaluation Visit Completed with Topline Data Release Targeted Q3-2026

CARSON CITY, Nev., May 18, 2026 (GLOBE NEWSWIRE) -- BioVie Inc. (NASDAQ: BIVI) (“BioVie” or the “Company”), a clinical-stage company developing innovative drug therapies for neurological and neurodegenerative diseases, today announced that the last patient evaluation visit has been completed for the Company’s SUNRISE-PD Phase 2 trial evaluating its drug candidate bezisterim in early-stage Parkinson’s disease.

“With this last patient’s treatment visit completed, our team will start the study closeout process, and the Company plans announce topline results in Q3,” said Cuong Do, BioVie’s President and CEO. “This trial was designed to assess bezisterim’s magnitude of therapeutic impact on a series of motor and non-motor endpoints so that we can finalize the design for the Phase 3 registrational trials. We look forward to unblinding the data later this year to understand the molecule’s true potential.”

The company recently hosted a virtual key opinion leader (KOL) event featuring Suzanne de la Monte, MD, MPH, professor in Pathology and Laboratory Medicine, Neurology, & Neurosurgery at the Warren Alpert Medical School of Brown University, who joined company management to discuss the importance of insulin resistance in disease pathology and bezisterim’s mechanism of action in relation to the pathology and progression of neurodegenerative conditions, including Parkinson’s disease. The event also discussed the need to address Parkinson’s non-motor symptoms, including sleep disorder, anxiety, depression and cognitive slowness. To view the replay, click here.

About the SUNRISE-PD trial

SUNRISE-PD is a Phase 2b, multicenter, randomized, double-blind, placebo-controlled trial in early-stage Parkinson’s disease patients who have not been treated with carbidopa/levodopa. The study leveraged a hybrid decentralized design that lasted 20 weeks from the initial screening phase to the safety follow up. During the 12-week double-blind phase, 57 patients were randomized 1:1 to receive either 20 mg of bezisterim or placebo twice daily.

The study was designed to reduce common barriers to participation in PD research, including delayed diagnosis, limited mobility, geographic constraints, and access to specialized care, and allowed patients to participate either from their home or at a clinical site. At-home participants were visited by study nurses who administrated a modified MDS-UPDRS1 Part III and standard Part I and II examinations under the supervision of a physician and MDS-UPDRS expert attending through live video link. The Part III exam was recorded for review and scoring by a central rating committee.

The study prospectively assessed a series of motor and non-motor endpoints using a predefined battery of biologic, clinical, and quality-of-life assessments to evaluate signals consistent with the expected metabolic and anti-inflammatory actions of bezisterim. Assessments include UPDRS Parts I, II, and III, the Parkinson’s Disease Questionnaire (PDQ), the Parkinson’s Disease Sleep Scale (PDSS), and Clinical Global Impression of improvement and severity (CGI-I and CGI-S). The study’s endpoint selection was informed by the underlying biology of Parkinson’s disease and the hypothesized mechanism of action of bezisterim. In parallel, the study evaluated plasma biomarkers of inflammation and neurodegeneration, including DNA methylation, to examine whether observed clinical findings are accompanied by biologic changes consistent with the proposed systems-level effects of bezisterim, and its potential to alter symptoms and progression in early-stage Parkinson’s disease.

About the May 7th KOL event

The event featured Suzanne de la Monte, MD, MPH, who coined the term “Type 3 Diabetes” to describe the role of insulin resistance and metabolic imbalances in CNS conditions. Dr. de la Monte provided an understanding of how insulin resistance is an underlying driver of many CNS conditions, including Parkinson’s, and Company speakers discussed how bezisterim could potentially modulate that impact. Dr. Joseph M. Palumbo, BioVie’s Chief Medical Officer, led a discussion on the clinical journey in Parkinson’s Disease, including its time course, current therapies, and the spectrum and impact of non-motor and motor symptoms associated with the Disease.

About Suzanne de la Monte, MD, MPH

Suzanne de la Monte, MD, MPH, is Professor in Pathology and Laboratory Medicine, Neurology, & Neurosurgery at the Warren Alpert Medical School of Brown University. Dr. de la Monte is also a medical staff member at the Rhode Island Hospital and Women and Infants Hospital of Rhode Island and formerly a research fellow at the National Institutes of Health. She received residency training in Anatomic and Pediatric Pathology at Johns Hopkins and fellowship training in Neuropathology at the Massachusetts General Hospital (MGH). Dr. de la Monte leads programs in basic, translational, and clinical research on mechanisms and consequences of brain insulin resistance and metabolic dysfunction and coined the term “Type 3 Diabetes”. She has over 300 peer-reviewed articles published.

About Bezisterim

Bezisterim (NE3107) is an investigational oral drug that crosses the blood-brain barrier and works to reduce inflammation and improve insulin sensitivity without suppressing the immune system and with a low risk of drug-drug interactions. By modulating key pathways involved in neuroinflammation (ERK, NFκB, TNF-α), bezisterim may have therapeutic potential in several disease indications, including Parkinson’s disease, Long COVID, and Alzheimer’s disease.

In Parkinson’s disease, BioVie has completed a Phase 2 study in which patients with moderate- to severe-stage Parkinson’s disease taking bezisterim with levodopa had better motor control and reported fewer morning symptoms compared to those taking levodopa alone. Few drug-related side effects were observed. The current SUNRISE-PD study has completed enrollment of 60 patients to evaluate whether bezisterim alone may help improve motor and non-motor symptoms in Parkinson’s patients who have not been treated with carbidopa/levodopa. Topline results are expected in calendar Q3-2026.

For Long COVID, the ADDRESS-LC trial is enrolling approximately 200 patients to evaluate whether bezisterim may help reduce brain fog, fatigue, and other lingering neurological symptoms associated with Long COVID. The hypothesis being studied is that these symptoms may be triggered by persistent circulation of spike protein fragments that trigger inflammation via NFκBactivation (which bezisterim has been shown to modulate). Topline data is expected late summer 2026.

In Alzheimer’s disease, BioVie has conducted Phase 2 and Phase 3 trials. Preliminary data from these trials suggest improvements in cognition and biomarkers, supporting further trials to evaluate its potential as a therapy for the six million Americans living with Alzheimer’s.

About BioVie Inc.

BioVie Inc. (NASDAQ: BIVI) is a clinical-stage biopharmaceutical company focused on developing therapies for neurological disorders and advanced liver disease. Its lead investigational drug candidate, bezisterim (NE3107), targets neuroinflammation and insulin resistance, which are believed to be key drivers of Alzheimer’s and Parkinson’s disease. Bezisterim is also being studied for Long COVID, where persistent inflammation is thought to underlie symptoms such as brain fog and fatigue.

In liver disease, BioVie is advancing BIV201, a continuous infusion of terlipressin treatment that has received FDA Orphan and Fast Track designations. The active agent is approved in the U.S. and in about 40 countries for related complications of advanced liver cirrhosis, and the Company plans to study BIV201 in a Phase 3 trial for the reduction of further decompensation in patients with cirrhosis and ascites. For more information, visit www.bioviepharma.com.

Forward-Looking Statements

This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project," “potential,” “may,” or words of similar meaning. Although BioVie Inc. believes such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results may vary materially from those expressed or implied by the statements herein due to risk related to the early stage of development of bezisterim and other product candidates, the Company's ability to successfully raise sufficient capital on reasonable terms or at all, available cash on hand and contractual and statutory limitations that could impair our ability to pay future dividends, our ability to complete our pre-clinical or clinical studies and to obtain approval for our product candidates, the possibility that clinical trial results may not be indicative of results in subsequent or larger trials, our ability to successfully defend potential future litigation, changes in local or national economic conditions as well as various additional risks, many of which are now unknown and generally out of the Company's control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. BioVie Inc. does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.

For Investor Relations Inquiries:
        
Contact:
Chuck Padala
Managing Director, LifeSci Advisors, LLC
chuck@lifesciadvisors.com

For Media Inquiries:
        
Contact:
Melyssa Weible
Managing Partner, Elixir Health Public Relations
mweible@elixirhealthpr.com


1 Movement Disorder Society-sponsored revision of the Unified Parkinson's Disease Rating Scale


FAQ

What did BioVie (NASDAQ:BIVI) announce about the SUNRISE-PD Phase 2 Parkinson’s trial on May 18, 2026?

BioVie announced completion of the last patient evaluation visit in its SUNRISE-PD Phase 2 trial of bezisterim. According to BioVie, this milestone allows study closeout to begin and supports plans to report topline results and unblind data in the third quarter of 2026.

When will BioVie (BIVI) release topline results from the SUNRISE-PD Phase 2 trial in early-stage Parkinson’s disease?

BioVie plans to announce topline SUNRIISE-PD Phase 2 results in the third quarter of 2026. According to BioVie, completion of the final patient visit enables data cleaning and analysis, after which the study will be unblinded to assess bezisterim’s motor and non-motor outcomes.

What is the purpose of BioVie’s SUNRISE-PD Phase 2 trial of bezisterim in early-stage Parkinson’s disease?

The SUNRISE-PD Phase 2 trial is designed to evaluate bezisterim’s therapeutic impact on motor and non-motor endpoints. According to BioVie, these results are intended to help finalize the design of Phase 3 registrational trials, guiding dose, endpoints, and overall development strategy in Parkinson’s.

How will results from BioVie’s SUNRISE-PD Phase 2 trial influence future Phase 3 studies for bezisterim (BIVI)?

Phase 2 SUNRISE-PD results are expected to guide the design of Phase 3 registrational trials. According to BioVie, the trial assesses bezisterim’s effect across multiple motor and non-motor measures, providing data to refine Phase 3 endpoints, patient selection, and overall development planning in Parkinson’s.

What did the recent BioVie (BIVI) KOL event reveal about bezisterim’s mechanism in Parkinson’s disease?

The KOL event discussed insulin resistance in neurodegenerative disease and bezisterim’s mechanism of action. According to BioVie, professor Suzanne de la Monte and company management highlighted how bezisterim relates to Parkinson’s pathology and progression, including its potential relevance to non-motor symptoms such as sleep, mood, and cognitive issues.

Which Parkinson’s non-motor symptoms are being highlighted in connection with BioVie’s bezisterim SUNRISE-PD program (BIVI)?

The program highlights non-motor symptoms including sleep disorder, anxiety, depression and cognitive slowness in Parkinson’s disease. According to BioVie, these symptoms were a focus of its recent KOL event, which linked bezisterim’s mechanism and insulin resistance to broader neurodegenerative disease pathology and patient needs.