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NKGen Biotech Expands Clinical Trial Site Network for Alzheimer’s Disease Program Across U.S. to Improve Patient Access and Support Enrollment

(Positive)

NKGen Biotech (OTC:NKGN) activated three new U.S. clinical trial sites for its ongoing Phase 2 trial of troculeucel in moderate Alzheimer’s disease. New locations in New Jersey, New York, and Florida broaden geographic reach, improving access for patients and physicians and potentially supporting enrollment across multiple regions.

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Positive

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Negative

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Market Context

This announcement expands NKGen’s Phase 2 Alzheimer’s trial for troculeucel with three new U.S. site...
Analysis

This announcement expands NKGen’s Phase 2 Alzheimer’s trial for troculeucel with three new U.S. sites, improving access in the Northeast and Southeast and supporting enrollment under ClinicalTrials.gov ID NCT06189963. It follows earlier clinical data and prior site expansions for the same program. Investors may watch how quickly these centers enroll patients, whether the broader population remains moderate Alzheimer’s, and how future data updates compare with earlier Phase 1 results already disclosed.

Key Figures

Trial phase: Phase 2 New sites added: 3 sites Northeast locations: 2 sites +2 more
5 metrics
Trial phase Phase 2 Ongoing troculeucel trial in moderate Alzheimer’s disease
New sites added 3 sites Additional U.S. clinical trial locations activated for Phase 2
Northeast locations 2 sites Newark, NJ and Albany, NY added to address geographic gap
Florida locations 1 site K2 Medical Research in Orlando, Florida in Phase 2 network
ClinicalTrials.gov ID NCT06189963 Identifier for the ongoing Alzheimer’s troculeucel study

Previous Clinical trial Reports

5 past events · Latest: Mar 23 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 23 Phase 1 data update Positive +6.7% Reported pooled Phase 1 troculeucel data with cognitive gains and biomarker links.
Jul 28 Clinical data presentation Positive +0.0% Presented Phase 1 efficacy and biomarker data at AAIC 2025 for troculeucel.
Jun 23 Trial expansion Positive -11.0% Expanded Phase 1/2a trial with new Canada and Florida sites for Alzheimer’s study.
Apr 07 Conference data update Positive -27.8% Presented 12‑month Phase 1 data with cognitive and biomarker improvements at AD/PD 2025.
Feb 13 Phase 1 publication Positive -8.7% Published Phase 1 results showing tolerability and biomarker improvements in Alzheimer’s.

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

Pattern Detected

Clinical‑trial news has often met weak trading responses, with an average -8.15% move and several negative reactions despite generally positive data.

Recent Company History

Over the past year, NKGen has repeatedly highlighted troculeucel’s Alzheimer’s data, from Phase 1 publication and AD/PD presentations to broader international site activation. These updates generally showed dose‑responsive cognitive and biomarker benefits with favorable safety. Yet share reactions ranged from modest gains to sharp declines. Today’s U.S. Phase 2 site expansion continues that trajectory of operational progress aimed at broader, more diverse enrollment for the same Alzheimer’s program.

Key Terms

phase 2, autologous, allogeneic, natural killer, +2 more
6 terms
phase 2 medical
"Phase 2 trial of troculeucel in moderate Alzheimer’s disease."
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.
autologous medical
"development and commercialization of innovative autologous and allogeneic natural killer"
Autologous describes a medical product or treatment made from a patient’s own cells or tissues rather than from a donor. For investors, autologous approaches matter because they can lower the risk of immune rejection and improve effectiveness, but they often require individualized manufacturing, complex logistics, and higher per-patient costs—factors that affect scalability, pricing, and regulatory hurdles in healthcare businesses.
allogeneic medical
"development and commercialization of innovative autologous and allogeneic natural killer"
Allogeneic describes a process or material involving different individuals of the same species, such as cells, tissues, or organs donated from one person to another. It is important to investors because products or treatments based on allogeneic sources can enable scalable, off-the-shelf solutions, potentially reducing costs and increasing accessibility in healthcare and biotech industries.
natural killer medical
"allogeneic natural killer (“NK”) cell therapeutics, today announced the activation"
Natural killer cells are a type of white blood cell that patrol the body and destroy infected or abnormal cells without needing prior exposure or a training period. They matter to investors because therapies, diagnostics, or drugs that boost, mimic, or measure these cells can become important products in cancer, infectious disease, and immune-oncology markets — think of them as security guards upgraded to spot and remove threats quickly, which can drive clinical and commercial value.
clinical trial sites technical
"activation of three additional clinical trial sites in the United States"
Clinical trial sites are the hospitals, clinics, research centers or doctor offices where volunteers receive experimental medicines or procedures and researchers collect safety and effectiveness data. These on-the-ground locations are where a study is run day-to-day—like testing stations in a product pilot—so the number, quality, geographic spread and performance of sites affect how quickly a study enrolls patients, the reliability of results and the timeline to potential approvals, all of which matter to investors.
clinicaltrials.gov regulatory
"can be found on ClinicalTrials.gov at: NCT06189963."
clinicaltrials.gov is a publicly accessible U.S. government database that lists details, timelines and status updates for medical studies testing drugs, devices or procedures. For investors it acts like a public calendar and scoreboard—showing when trials start, are delayed, or report results—so it helps gauge a company’s development progress, regulatory risk and potential value impact before official earnings or approvals are announced.

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

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New sites in New Jersey, New York, and Florida broaden geographic reach and increase access for patients participating in Phase 2 trial of troculeucel in moderate Alzheimer’s disease.

SANTA ANA, Calif., May 19, 2026 (GLOBE NEWSWIRE) -- NKGen Biotech, Inc. (OTC: NKGN) (“NKGen” or the “Company”), a clinical-stage biotechnology company focused on the development and commercialization of innovative autologous and allogeneic natural killer (“NK”) cell therapeutics, today announced the activation of three additional clinical trial sites in the United States for its ongoing Phase 2 study of troculeucel in moderate Alzheimer’s disease.

The new sites include Rutgers Health in Newark, New Jersey, Alzheimer’s Disease Research Center in Albany, New York, and K2 Medical Research in Orlando, Florida. Together, these additions expand the Company’s U.S. clinical footprint and improve geographic access for patients in the Northeast and Southeast regions.

“With these newly activated sites, we are expanding access for patients who previously had limited proximity to an active study center,” said Paul Y. Song, M.D., Chairman and Chief Executive Officer of NKGen Biotech. “In particular, the addition of sites in the Northeast helps address an important geographic gap, as many interested patients in that region previously would have needed to travel significant distances to participate.”

The Company’s Alzheimer’s disease program has previously operated clinical trial sites primarily on the West Coast and in Orlando, Florida. The addition of the Northeast sites provides more convenient access for patients and referring physicians, supporting continued efforts to evaluate the investigational therapy in a broader patient population.

All three newly added sites are now active and available for patient screening and enrollment as part of the ongoing Phase 2 trial. The expanded site network is expected to enhance enrollment capacity and support continued patient recruitment across multiple regions of the United States.

“Expanding our clinical footprint is an important step as we continue to advance our Alzheimer’s program,” said Dr. Song. “Improving access to trial participation remains a key priority as we work to evaluate our investigational approach in a broader and more diverse patient population.”

The Company noted that clinical trial enrollment is influenced by multiple factors, including patient eligibility and regional referral patterns. While the expanded site network is expected to enhance enrollment capacity, there can be no assurance regarding the timing or rate of patient recruitment.

Additional information on the trial, including contact details for the activated sites, can be found on ClinicalTrials.gov at: NCT06189963.

About Troculeucel
Troculeucel is a novel cell-based, patient specific, ex vivo expanded autologous NK cell immunotherapeutic drug candidate. NKGen is developing troculeucel for the treatment of neurodegenerative disorders and a broad range of cancers. Troculeucel is the International Nonproprietary Name (“INN”) for SNK01 assigned by the World Health Organization (“WHO”). The WHO INN approval of troculeucel establishes a universally recognized nonproprietary drug name for SNK01 and marks a significant step on NKGen’s journey toward bringing this therapy to market.

About NKGen Biotech
NKGen is a clinical-stage biotechnology company focused on the development and commercialization of innovative autologous and allogeneic NK cell therapeutics. NKGen is headquartered in Santa Ana, California, USA. For more information, please visit www.nkgenbiotech.com.

Forward-Looking Statements 
Statements contained in this press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Because such statements are subject to risks and uncertainties, many of which are outside of the Company’s control, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding the Company’s anticipated timing and content of its filings with the U.S. Securities and Exchange Commission (the “SEC”) and other public disclosures; the Company’s plans and expected timing for developing troculeucel and SNK02, including the expected timing of completing and announcing further results from its ongoing clinical studies; and the Company’s expected timing for developing its product candidates and potential benefits of its product candidates. Risks that contribute to the uncertain nature of the forward-looking statements include: the Company’s ability to execute its plans and strategies; risks related to performing clinical studies; the risk that initial and interim results of a clinical study do not necessarily predict final results and that one or more of the clinical outcomes may materially change as patient enrollment continues, following more comprehensive reviews of the data, and as more patient data become available; potential delays in the commencement, enrollment and completion of clinical studies and the reporting of data therefrom; the risk that studies will not be completed as planned; the risk that the abstract will not be published as planned including delays in timing, format, or accessibility; and NKGen’s ability to raise additional funding to complete the development of its product candidates. Additional risks include uncertainties related to the Company’s acquisition of a majority interest in NKGen Biotech Korea Co., Ltd., including risks regarding the future performance of NKGen Biotech Korea Co., Ltd.’s business, the Company’s ability to successfully integrate NKGen Biotech Korea Co., Ltd.’s operations, personnel, and technologies, potential challenges in realizing expected synergies and cost savings, and risks that the Company may not achieve the anticipated strategic, financial, or operational benefits of the acquisition on the expected timeline or at all. These and other risks and uncertainties are described more fully under the caption “Risk Factors” and elsewhere in the Company’s filings and reports, which may be accessed for free by visiting the SEC’s website at www.sec.gov and on the Company’s website under the subheading “Investors—Financial and Filings.” Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. All forward-looking statements contained in this press release speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Internal Contact:
Denise Chua, MBA, CLS, MLS (ASCP)
SVP, Corporate Affairs
949-396-6830
dchua@nkgenbiotech.com

External Contacts:
Kevin Gardner
Managing Director
LifeSci Advisors, LLC
kgardner@lifesciadvisors.com


FAQ

What did NKGen Biotech (NKGN) announce on May 19, 2026 about its Alzheimer’s trial?

NKGen Biotech announced activation of three new U.S. sites for its Phase 2 troculeucel Alzheimer’s trial. According to NKGen, added locations in New Jersey, New York, and Florida expand its clinical footprint and improve access for moderate Alzheimer’s patients and referring physicians.

Which new clinical sites were added to NKGen’s Phase 2 troculeucel Alzheimer’s study (NKGN)?

The new sites are Rutgers Health in Newark, Alzheimer’s Disease Research Center in Albany, and K2 Medical Research in Orlando. According to NKGen, all three locations are active for screening and enrollment in the ongoing Phase 2 trial for moderate Alzheimer’s disease.

How does NKGen’s expanded U.S. site network support Alzheimer’s trial enrollment for NKGN shareholders?

The expanded network increases geographic access and enrollment capacity for the Phase 2 troculeucel trial. According to NKGen, additional Northeast and Southeast sites may support recruitment across broader regions, while noting enrollment also depends on patient eligibility and regional referral patterns.

Why is NKGen Biotech adding Northeast sites to its Phase 2 Alzheimer’s program (NKGN)?

NKGen is adding Northeast sites to address prior geographic gaps in patient access. According to NKGen, many interested patients previously needed to travel long distances, and the new locations aim to offer more convenient participation for patients and referring physicians in that region.

Are NKGen’s new Alzheimer’s trial sites already enrolling patients in the troculeucel Phase 2 study?

Yes, the three newly added sites are active for screening and enrollment. According to NKGen, these centers are integrated into the ongoing Phase 2 trial, with the expanded network expected to enhance enrollment capacity across multiple U.S. regions.

Where can investors find official details on NKGen’s troculeucel Phase 2 Alzheimer’s trial (NKGN)?

Official trial information is available on ClinicalTrials.gov under identifier NCT06189963. According to NKGen, the listing includes study details and contact information for the activated sites participating in the ongoing Phase 2 trial in moderate Alzheimer’s disease.