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FibroBiologics Presents Preclinical Data Demonstrating Durable Immunomodulation in Psoriasis at the Society for Investigative Dermatology 2026 Annual Meeting

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FibroBiologics (Nasdaq:FBLG) reported preclinical data for its psoriasis program CYPS317, using human dermal fibroblast (HDF) spheroids, presented at the 2026 Society for Investigative Dermatology meeting.

In psoriasis animal models, HDF spheroids reduced disease severity, prevented relapse, improved systemic safety versus single-cell HDFs, and showed targeted immunomodulation across key inflammatory pathways.

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AI-generated analysis. Not financial advice.

Positive

  • HDF spheroids reduced disease severity in imiquimod-induced psoriasis animal models
  • Spheroids showed more favorable systemic safety profile versus single-cell HDF delivery
  • Booster dosing of HDF spheroids sustained efficacy and prevented splenomegaly
  • CYPS317 reduced PASI scores and normalized monocyte-to-lymphocyte ratios
  • Spheroid treatment limited epidermal thickening and immune cell infiltration histologically
  • Cytokine profiling suggested targeted immunomodulation rather than broad immune suppression

Negative

  • Findings are limited to preclinical animal models, with no human data reported

News Market Reaction – FBLG

%
2 alerts
% News Effect
+10.0% Peak Tracked
$5.47M Market Cap
0.0x Rel. Volume

On the day this news was published, FBLG declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +10.0% during that session. 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.

Key Figures

IP portfolio size: 270+ patents issued and pending ATM capacity: $7,500,000 Stock sold last 12M: $8.14 million +5 more
8 metrics
IP portfolio size 270+ patents issued and pending Fibroblast-focused therapeutics platform
ATM capacity $7,500,000 At-the-market program under May 5, 2026 prospectus supplement
Stock sold last 12M $8.14 million Common stock sold in prior 12 months under Form S-3
Public float shares 5,399,112 shares Non-affiliate float as of May 5, 2026
Shares outstanding 5,208,915 shares Outstanding prior to May 1, 2026 ATM offering
Sales commission 3.0% Commission to H.C. Wainwright under ATM Sales Agreement
Net proceeds $2.5M Net proceeds from April registered offering
Warrant shares 2,272,728 shares Potential issuance from March 2026 investor warrants (Proxy Proposal 3)

Market Reality Check

Price: $1.0500 Vol: Volume 65,945 is well bel...
low vol
$1.0500 Last Close
Volume Volume 65,945 is well below the 20-day average of 368,742 (relative volume 0.18), suggesting limited pre-news trading interest. low
Technical Shares trade below the 200-day moving average at $6.53, with the current price at $1.05 and about 94.7% below the 52-week high.

Peers on Argus

Biotech peers show mixed moves: in the momentum scan, names like AKTX were sharp...
3 Up 1 Down

Biotech peers show mixed moves: in the momentum scan, names like AKTX were sharply up while CRIS was down, and core peers such as LIXT and NRXS were modestly higher. With no clear, uniform direction and FBLG flat pre-news, the setup appears company-specific rather than a sector rotation.

Historical Context

5 past events · Latest: May 18 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
May 18 Patent application Positive +3.8% Filed provisional patent for oral fibroblast-based GI therapeutics platform.
May 11 Program expansion Positive -14.7% Advanced fibroblast treatment strategy targeting Hantavirus pulmonary syndrome.
May 05 Shareholder letter Positive -3.6% Outlined CYWC628 trial start, timelines, and broader preclinical pipeline plans.
May 04 Preclinical data Positive -3.6% Reported burn-wound spheroid data showing anti-inflammatory and healing effects.
May 04 Clinical trial prep Positive -5.5% Released first cGMP CYWC628 batch enabling Phase 1/2 DFU clinical trial.
Pattern Detected

Recent history shows the stock often declining on otherwise positive development updates, with only one of the last five news events seeing a positive next-day move.

Recent Company History

Over the past few months, FibroBiologics reported several fibroblast-based platform milestones, including a new GI-focused patent filing on May 18, 2026, Hantavirus program expansion on May 11, 2026, and initiation steps for lead DFU program CYWC628 in early May. Despite generally constructive news, four of five prior events saw negative 24-hour price reactions, suggesting a pattern of weak follow-through on positive announcements that frames today’s psoriasis preclinical data.

Market Pulse Summary

This announcement adds psoriasis-specific preclinical evidence to FibroBiologics’ fibroblast spheroi...
Analysis

This announcement adds psoriasis-specific preclinical evidence to FibroBiologics’ fibroblast spheroid platform, showing reduced disease severity, improved PASI scores, and histologic protection against epidermal thickening in animal models. Compared with recent updates in burns and diabetic foot ulcers, it reinforces a multi-indication strategy built on targeted immunomodulation. With shares around $1.05 and far below the 52‑week high of $19.8, investors may watch for clinical trial initiation, future data quality, and capital structure developments.

Key Terms

psoriasis, IL-23/Th17 axis, PASI scores, monocyte-to-lymphocyte ratios, +4 more
8 terms
psoriasis medical
"Psoriasis is a chronic inflammatory skin disease driven by dysregulated innate..."
Psoriasis is a chronic skin condition where the body's defenses cause skin cells to build up rapidly, producing red, scaly, and often itchy patches. It matters to investors because it creates a steady market for long-term treatments, devices and services—similar to a recurring customer need—affecting drug development, clinical trial pipelines, pricing, and healthcare spending across pharmaceuticals and medical providers.
IL-23/Th17 axis medical
"with the IL-23/Th17 axis playing a central role in sustaining disease activity."
The IL‑23/Th17 axis is an immune system signaling pathway in which the molecule IL‑23 helps activate a type of white blood cell called Th17 that drives inflammation in conditions like psoriasis and inflammatory bowel disease. Investors should care because drugs that block this communication can reduce harmful inflammation, making them high‑value therapeutic candidates; think of it as cutting a faulty alarm line to stop an overactive immune response, which affects clinical outcomes, market demand and regulatory risk.
PASI scores medical
"CYPS317 demonstrated significant reductions in PASI scores, normalization of..."
PASI scores measure the severity and coverage of psoriasis by combining how bad the skin lesions are and how much of the body they affect into a single number (the scale runs from 0 for clear skin up to 72 for very severe disease). Investors watch PASI results because they are the standard way regulators and doctors judge whether a treatment works—big improvements in PASI during trials can drive approvals, market uptake, and the perceived commercial value of a drug, much like a product review rating influences buyer interest.
monocyte-to-lymphocyte ratios medical
"normalization of monocyte-to-lymphocyte ratios, and reduced splenic immune..."
Monocyte-to-lymphocyte ratio is a simple blood-test measure that compares two types of white blood cells—monocytes (innate immune responders) and lymphocytes (adaptive immune defenders). Like checking the balance between two teams in a game, a higher or lower ratio can signal ongoing inflammation, infection, or immune stress. Investors watch it because changes can affect clinical trial outcomes, patient risk profiles, regulatory decisions, and ultimately the market value of healthcare and biotech companies.
epidermal thickening medical
"animals were protected against epidermal thickening and immune cell infiltration..."
Epidermal thickening is an increase in the outermost layer of the skin, where cells become denser or more layered than normal — like a callus forming on repeated friction. In clinical and regulatory reports it matters to investors because it can be a sign of a drug or device side effect, a marker of disease activity, or an outcome measure in trials; such findings can affect safety assessments, approval chances, labeling, and commercial prospects.
immune cell infiltration medical
"protected against epidermal thickening and immune cell infiltration, two hallmarks..."
Immune cell infiltration is the movement and presence of a person's immune cells into a specific tissue, often into a tumor or site of injury, where those cells can attack or interact with abnormal cells. Like security guards entering a building to confront intruders, the degree and type of infiltration act as an early sign of whether an immune-based treatment is engaging the target and can influence clinical trial results, patient selection, and a therapy’s commercial prospects.
cytokine profiling medical
"Cytokine profiling across disease stages demonstrated that single and multiple..."
Measuring the amounts and types of cytokines — small proteins that act as immune system messengers — in blood or tissue to create a snapshot of how the body’s immune response is behaving. Like reading a traffic report for the immune system, it helps researchers see whether inflammation or immune activity is rising, calming, or misdirected, which matters to investors because those patterns guide drug development decisions, safety assessments, patient selection and the likelihood of regulatory approval and commercial success.
immunomodulation medical
"demonstrated durable immunomodulation across several chronic disease models."
Immunomodulation is the intentional changing of the immune system’s activity—either ramping it up, calming it down, or redirecting it—to treat disease or prevent harmful reactions. Think of it like adjusting a thermostat for the body’s defenses: the goal is to achieve the right balance so patients heal without excessive inflammation or infection risk. For investors, immunomodulation matters because therapies in this area can address many diseases, carry regulatory and safety considerations, and often determine commercial potential and clinical risk.

AI-generated analysis. Not financial advice.

In animal studies, human dermal fibroblast spheroids reduce disease severity, prevent relapse, and suppress key inflammatory pathways associated with chronic psoriatic disease

HOUSTON, May 22, 2026 (GLOBE NEWSWIRE) -- FibroBiologics, Inc. (Nasdaq: FBLG) (“FibroBiologics”), a clinical-stage biotechnology company with 270+ patents issued and pending with a focus on the development of therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials,  today announced preclinical data from its CYPS317 program for psoriasis presented at the Society for Investigative Dermatology 2026 Annual Meeting, held May 13-15, 2026, in Chicago, Illinois. A link to the poster can be found here.

Psoriasis is a chronic inflammatory skin disease driven by dysregulated innate and adaptive immunity, with the IL-23/Th17 axis playing a central role in sustaining disease activity. In an imiquimod-induced psoriasis mouse model, both HDF spheroids and single-cell HDF preparations reduced disease severity; however, spheroids provided a more favorable systemic safety profile by avoiding the innate immune activation observed with single-cell delivery, an important distinction for a cell-based therapy intended for systemic administration.

In a chronic-relapsing psoriasis model, booster dosing of HDF spheroids sustained therapeutic efficacy and prevented splenomegaly, a marker of systemic immune burden. Additionally, CYPS317 demonstrated significant reductions in PASI scores, normalization of monocyte-to-lymphocyte ratios, and reduced splenic immune cell accumulation. Histological analyses confirmed that spheroid-treated animals were protected against epidermal thickening and immune cell infiltration, two hallmarks of active psoriatic disease. Cytokine profiling across disease stages demonstrated that single and multiple doses of HDF spheroids differentially regulated key inflammatory mediators, consistent with targeted immunomodulation rather than broad immune suppression.

“Our preclinical data reinforce the significant potential of a cell-based therapeutic for psoriasis and the importance of targeted immune modulation,” said Hamid Khoja, Ph.D., Chief Scientific Officer of FibroBiologics. “Our fibroblast spheroid-based therapeutics have demonstrated durable immunomodulation across several chronic disease models. We believe these findings meaningfully strengthen the foundation for CYPS317 as a differentiated therapeutic approach for patients living with psoriasis.”

For more information, please visit FibroBiologics' website, email FibroBiologics at info@fibrobiologics.com or follow FibroBiologics on LinkedIn, YouTube, Facebook or X.

About FibroBiologics
Based in Houston, FibroBiologics is a clinical-stage biotechnology company developing a pipeline of treatments and seeking potential cures for chronic diseases using fibroblast cells and fibroblast-derived materials. FibroBiologics holds 270+ US and internationally issued patents/patents pending across various clinical pathways, including wound healing, multiple sclerosis, disc degeneration, psoriasis, orthopedics, human longevity, and cancer. FibroBiologics represents the next generation of medical advancement in cell therapy and tissue regeneration. 

Cautionary Statement Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the significant potential of a cell-based therapeutic for psoriasis, the potential of FibroBiologics’ novel fibroblast technology, and the potential indications for FibroBiologics’ programs. These forward-looking statements are based on FibroBiologics’ management’s current expectations, estimates, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside FibroBiologics’ management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including those set forth under the caption “Risk Factors” and elsewhere in FibroBiologics’ annual, quarterly and current reports (i.e., Form 10-K, Form 10-Q and Form 8-K) as filed or furnished with the SEC and any subsequent public filings. Copies are available on the SEC’s website, www.sec.gov. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) risks related to FibroBiologics’ liquidity and its ability to maintain capital resources sufficient to conduct its business; (b) expectations regarding the initiation, progress and expected results of FibroBiologics’ R&D efforts and preclinical studies; and (c) the unpredictable relationship between R&D and preclinical results and clinical study results. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FibroBiologics assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. FibroBiologics gives no assurance that it will achieve its expectations.

General Inquiries:
info@fibrobiologics.com

Investor Relations:
Nic Johnson
Russo Partners
(212) 845-4242
fibrobiologicsIR@russopr.com

Media Contact:
Liz Phillips
Russo Partners
(347) 956-7697
Elizabeth.phillips@russopartnersllc.com


FAQ

What psoriasis data did FibroBiologics (Nasdaq:FBLG) present in May 2026?

FibroBiologics presented preclinical data for its psoriasis program CYPS317 using human dermal fibroblast spheroids. According to FibroBiologics, these spheroids reduced disease severity, prevented relapse, and modulated inflammatory pathways in psoriasis animal models at the 2026 Society for Investigative Dermatology meeting.

How did CYPS317 human dermal fibroblast spheroids perform in psoriasis animal models?

CYPS317 HDF spheroids reduced psoriasis-like disease severity in animal studies. According to FibroBiologics, spheroids improved skin lesions, reduced PASI scores, normalized monocyte-to-lymphocyte ratios, and limited epidermal thickening and immune cell infiltration, supporting a potential immunomodulatory treatment approach.

What safety advantages did FibroBiologics report for HDF spheroids versus single-cell HDFs in CYPS317?

HDF spheroids showed a more favorable systemic safety profile than single-cell HDFs in animal models. According to FibroBiologics, spheroids avoided innate immune activation observed with single-cell delivery, an important consideration for systemically administered cell-based psoriasis therapies.

How did CYPS317 affect relapse and systemic immune burden in psoriasis models for FBLG?

CYPS317 booster dosing sustained therapeutic efficacy and helped prevent relapse in chronic-relapsing psoriasis models. According to FibroBiologics, spheroid treatment also prevented splenomegaly, a marker of systemic immune burden, and reduced splenic immune cell accumulation in treated animals.

What evidence of targeted immunomodulation did FibroBiologics report for CYPS317 in psoriasis?

CYPS317 showed cytokine changes consistent with targeted immunomodulation rather than broad immune suppression. According to FibroBiologics, single and multiple HDF spheroid doses differentially regulated key inflammatory mediators linked to the IL-23/Th17 axis and chronic psoriatic disease activity.

What does the CYPS317 preclinical data mean for FibroBiologics (FBLG) psoriasis pipeline?

The preclinical results support CYPS317 as a differentiated cell-based psoriasis candidate. According to FibroBiologics, durable immunomodulation across chronic disease models strengthens the scientific foundation for advancing fibroblast spheroid-based therapeutics for patients living with psoriasis.