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Oragenics Doses First Patient in Phase IIa Clinical Trial of ONP-002 for Mild Traumatic Brain Injury

(Neutral)

Oragenics (NYSE: OGEN) announced dosing of the first patient in its Phase IIa trial of ONP-002 for concussion/mild traumatic brain injury at Mackay Hospital, Australia, within days of site activation on March 31, 2026. The randomized, placebo-controlled 40-patient study will dose within 12 hours of injury and continue treatment up to 30 days.

The company cited a Phase I safety profile with zero serious adverse events in 40 patients, HREC clearance in Australia, CRO support from Southern Star Research, and planned IND targeting in Q4 2026.

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Positive

  • First patient dosed within days of site activation
  • Phase I safety showed zero serious adverse events in 40 patients
  • IND targeted Q4 2026 to support U.S. trials

Negative

  • Phase IIa enrolls only 40 patients, limiting near-term statistical power
  • Trial sites beyond Australia require governance approvals, delaying broader enrollment

News Market Reaction – OGEN

+12.95%
3 alerts
+12.95% Session close to close
+6.2% Peak Tracked
-12.2% Trough Tracked
$2.83M Market Cap
0.5x Rel. Volume

In the Apr 13 session, OGEN gained 12.95%, reflecting a significant positive market reaction. Argus tracked a peak move of +6.2% during that session. Argus tracked a trough of -12.2% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +12.9% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +12.9% in the session following this news. A strong positive reaction aligns with the company’s pattern of constructive responses to ONP-002 clinical milestones, such as prior Phase IIa site activation and HREC approval that yielded gains up to the high single digits. A move significantly above the historical average clinical-news move of 2.87% would highlight how dosing the first patient is viewed as a key derisking step, though the presence of an effective $100,000,000 shelf means future financing activity remains a factor.

Key Figures

Phase IIa sample size: 40 patients Dosing window: Within 12 hours Treatment duration: Up to 30 days +5 more
8 metrics
Phase IIa sample size 40 patients Randomized, placebo-controlled concussion/mTBI trial
Dosing window Within 12 hours Time from concussion to first ONP-002 dose
Treatment duration Up to 30 days ONP-002 dosing period in Phase IIa trial
Phase 1 safety 0 serious adverse events in 40 patients Completed ONP-002 Phase 1 trial
U.S. TBI incidence 1.7–3.8 million annually CDC estimate for traumatic brain injuries in the U.S.
Global TBI incidence 69 million annually Estimated global traumatic brain injuries
Global concussion market Over $9 billion by 2030 Projected size of pharmacological concussion market
Nasal delivery market Nearly $93 billion by 2030 Projected market for nasal drug delivery

Previous Clinical trial Reports

5 past events · Latest: Mar 12 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 12 Site initiation Positive +8.5% First Phase IIa site initiation visit completed for ONP-002 in Australia.
Mar 10 Ethics approval Positive +2.2% Final HREC approval to begin randomized Phase IIa ONP-002 concussion trial.
Feb 02 Conference participation Neutral -0.0% Participation in SCOPE Summit highlighting ONP-002 and intranasal platform.
Jul 31 CRO selection Positive -2.3% Southern Star Research chosen as CRO for Phase IIa trial in Australia.
Jul 16 Manufacturing deal Positive +6.0% Sterling Pharma manufacturing agreement to support ONP-002 clinical work.

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

Pattern Detected

Clinical-trial and operational milestones for ONP-002 have usually seen modestly positive reactions, with one notable selloff on a CRO selection update.

Recent Company History

Over the past year, Oragenics has steadily built the ONP-002 program toward Phase IIa execution. Prior clinical-trial news covered HREC approval and site activation in Australia, each linked to randomized, placebo-controlled designs targeting 40 patients dosed within 12 hours of concussion for up to 30 days. Earlier items highlighted CRO selection, manufacturing agreements, and conference participation. Today’s announcement of first patient dosing follows that sequence, effectively marking the transition from setup and approvals to active patient treatment in the Phase IIa trial.

Key Terms

phase iia, mild traumatic brain injury, human research ethics committee (hrec), investigational new drug (ind), +4 more
8 terms
phase iia medical
"ongoing Phase IIa clinical trial evaluating ONP-002, the Company’s lead candidate"
Phase IIa is an early mid-stage clinical study that tests whether a new drug or treatment shows the intended biological effect in patients and helps identify the best dose. Think of it as a focused test-drive to see if a medicine does what it’s supposed to and what dose is tolerable before larger trials. Investors watch Phase IIa results because positive findings reduce technical risk and can materially increase the program’s value, while negative results raise the likelihood of costly delays or failure.
mild traumatic brain injury medical
"lead candidate for the treatment of concussion and mild traumatic brain injury (mTBI)"
A mild traumatic brain injury (mTBI), often called a concussion, is a short-lived disturbance in brain function caused by a blow, jolt, or sudden movement of the head that can produce headaches, dizziness, memory problems or brief loss of consciousness. Investors watch mTBI because it drives demand for diagnostics, treatments and rehabilitation, influences potential legal and insurance costs, and can affect healthcare spending, product approval prospects and company valuations in medical and sports-related sectors.
human research ethics committee (hrec) regulatory
"follows the receipt of Human Research Ethics Committee (HREC) approval in Australia"
A human research ethics committee (HREC) is an independent panel that reviews and approves studies involving people to make sure risks are minimized, consent is informed, and welfare is protected—like a safety inspector for medical research. For investors, HREC approval matters because it is often required before clinical work can start or continue; it affects development timelines, regulatory acceptance, and the credibility and legal risk of a company’s human-subject research.
investigational new drug (ind) regulatory
"support its planned investigational new drug (IND) application submission to the FDA"
An investigational new drug (IND) is a drug or biologic that is being tested but has not yet been approved for general use; it is the application and formal status that allows a company to begin human clinical trials under regulator oversight. Investors care because an IND marks the transition from lab work to human testing — like getting a permit to run real-world experiments — which creates important milestones, costs, timelines and regulatory risk that drive a development-stage company's value.
neuroinflammation medical
"designed to address the underlying biology of brain injury — reducing neuroinflammation"
Neuroinflammation is the brain or spinal cord’s immune reaction to injury, infection, or abnormalities, where cells and molecules become active to protect or repair nervous tissue. It matters to investors because it underlies many neurological diseases and is a common target for drugs and diagnostic tools; positive or negative trial results, safety signals, or new therapies can change a company’s value much like a major repair plan or recall would affect a carmaker’s prospects.
oxidative stress medical
"reducing neuroinflammation, oxidative stress, and cerebral edema"
Oxidative stress is a biological imbalance where damaging, unstable molecules overwhelm the body’s neutralizing defenses, similar to how rust forms when metal is exposed to oxygen and moisture. Investors should care because oxidative stress is linked to many diseases and aging processes, influencing demand for drugs, diagnostics, supplements, and healthcare spending, and it can affect the commercial value and regulatory outlook of related products.
cerebral edema medical
"reducing neuroinflammation, oxidative stress, and cerebral edema — rather than simply"
Cerebral edema is swelling of the brain caused by excess fluid, like a sponge expanding inside a closed jar. It can impair brain function and be life-threatening, so its occurrence or risk is closely watched in drug trials and medical-device testing. For investors, reports of cerebral edema can influence regulatory decisions, product labels, potential liability and market value because they affect a therapy’s safety profile, development timeline and commercial prospects.
placebo-controlled medical
"Phase IIa clinical trial is a randomized, placebo-controlled study designed to evaluate 40"
"Placebo-controlled" describes a testing method where one group receives the actual treatment or intervention, while another group receives a harmless, inactive version called a placebo. This approach helps determine whether the real treatment has genuine effects beyond psychological expectations. For investors, understanding this ensures confidence that reported benefits are real and not influenced by bias or false perceptions.

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  • Mackay Base Hospital activated March 31, 2026 as first clinical trial site; first patient dosed within days of activation — a signal of strong enrollment velocity and significant unmet medical need

SARASOTA, Fla., April 13, 2026 (GLOBE NEWSWIRE) -- Oragenics, Inc. (NYSE American: OGEN), a clinical-stage biotechnology company developing brain-targeted therapeutics through proprietary intranasal delivery technology, today announced that the first patient has been dosed in its ongoing Phase IIa clinical trial evaluating ONP-002, the Company’s lead candidate for the treatment of concussion and mild traumatic brain injury (mTBI). The milestone was achieved at Mackay Hospital in Australia — the first site to be activated in the trial — within days of site activation on March 31, 2026.

Concussion, aka, mild traumatic brain injury, represents the most prominent neurological conditions without an FDA-approved pharmacological treatment. According to the CDC, an estimated 1.7 to 3.8 million people in the U.S. experience traumatic brain injuries annually, with sports and recreational activities among the leading causes.¹ Globally, an estimated 69 million individuals sustain traumatic brain injuries each year. Despite this scale, no pharmacological treatments have been approved — leaving patients, military personnel, athletes, and families with few effective options beyond rest and symptom management. If approved by the FDA, ONP-002 would be the first and only pharmacological standard of care for a global concussion market projected to reach over $9 billion by 2030.²

The commencement of patient dosing follows the receipt of Human Research Ethics Committee (HREC) approval in Australia and the activation of Mackay Hospital as the first clinical site. The rapid presentation of an eligible patient immediately upon site activation underscores the breadth and urgency of unmet clinical need in this population. Two additional Australian sites — Alfred Hospital (Melbourne) and Royal Adelaide Hospital (Adelaide) — are progressing through site governance approvals, with activation expected in the second quarter of 2026.

ONP-002 is a first-in-class intranasal novel neurosteroid designed to address the underlying biology of brain injury — reducing neuroinflammation, oxidative stress, and cerebral edema — rather than simply managing symptoms. As an investigational neuroprotective intranasal drug, ONP-002 targets the biological cascade triggered by trauma, with the potential to represent a paradigm shift from symptom management to active neurological intervention. ONP-002 is delivered via Oragenics’ proprietary intranasal spray-dry powder device. The drug candidate serves a nasal drug delivery market expected to reach nearly $93 billion by 2030.³

Oragenics’ Chief Executive Officer, Janet Huffman stated, "We said we would dose our first patient in Australia — and we have. Mackay Hospital was active for only a matter of days before an eligible patient presented, and that immediacy is not a coincidence. It reflects the reality of what we have always said: there is no pharmacological treatment for concussion, and patients and clinicians are ready for something new. Site activation was swift and now the trial is underway. We are executing, and we intend to keep executing. For the millions of people who suffer concussions every year and are told there is nothing that can be done — we are here to change that."

Dr. James Kelly, Oragenics’ Chief Medical Officer, added, "The Phase 1 safety profile gave us strong scientific confidence entering this next phase. The HREC process is rigorous by design — it exists to protect patients, and receiving that clearance confirmed that our trial design, safety protocols, and investigator teams meet the highest standards. As a clinician who has worked with concussion patients for decades, this moment is deeply meaningful. ONP-002 targets the injury itself, not just the symptoms. That is a fundamentally different approach to concussion care, and we are now putting it to the test in patients."

PHASE IIA TRIAL DESIGN

Oragenics’ Phase IIa clinical trial is a randomized, placebo-controlled study designed to evaluate 40 patients who meet enrollment criteria based on CT scan findings, presenting symptoms, and emergency room or hospital admission. Patients will receive first dosing within 12 hours of concussion, followed by continued treatment for up to 30 days. The trial will assess safety and tolerability parameters through follow-up visits for nasal examinations, physical assessments, and neurocognitive testing. Feasibility will be determined according to tolerability and participant compliance.

Oragenics expects that findings will support its planned investigational new drug (IND) application submission to the FDA, targeting Q4 2026, for the next phase of clinical trials to be conducted in the U.S.

CLINICAL FOUNDATION & OPERATIONAL PARTNERS

The Phase 1 clinical trial of ONP-002 delivered a strong safety profile, with zero serious adverse events reported across all dose levels in 40 patients, supporting advancement to Phase 2. Preclinical data demonstrated reductions in swelling, inflammation, and oxidative stress in the brain, along with improvements in functional recovery.

Southern Star Research, a full-service Australian clinical research organization (CRO), is managing Phase IIa trial operations. Sterling Pharma Solutions is providing cGMP drug manufacturing services from its facility in Cary, North Carolina.

ABOUT ONP-002

ONP-002 is an investigational neuroprotective, anti-inflammatory intranasal drug candidate targeting mild traumatic brain injury (mTBI) and concussion. Designed to interrupt biological pathways involved in inflammation, oxidative stress, and brain swelling following head trauma, ONP-002 has demonstrated safety and tolerability in Phase 1 clinical trials with zero serious adverse events across all dose levels. The drug candidate utilizes Oragenics’ proprietary intranasal delivery platform to enable rapid, targeted brain delivery — potentially representing a paradigm shift from symptom management to active neurological intervention. Oragenics is advancing ONP-002 through Phase IIa clinical trials in Australia, with U.S. Phase IIb trials planned to follow pending FDA investigational new drug application (IND) approval.

ABOUT ORAGENICS, INC.

Oragenics, Inc. is a clinical-stage biotechnology company developing brain-targeted therapeutics through proprietary intranasal delivery technology. The Company’s lead candidate, ONP-002, is being advanced as a potential first-in-class treatment for concussion, aka mild traumatic brain injury. Oragenics is progressing ONP-002 through Phase IIa clinical trials in Australia, with U.S. clinical trials planned to follow. The Company believes its intranasal delivery platform has potential applications across multiple neurological conditions, including Parkinson’s disease, Alzheimer’s disease, and other neurological disorders. Oragenics is committed to developing innovative therapies that address significant unmet medical needs in neurological care. For more information, visit www.oragenics.com.

FORWARD-LOOKING STATEMENTS

This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this news release concerning the Company’s expectations, plans, business outlook or future performance, and any other statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements." Forward-looking statements include statements regarding the Company’s intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: our research, development and regulatory activities and expectations relating to product candidates, including without limitation ONP-002 and our proprietary nasal device; the effectiveness of these programs or the possible range of application and potential curative effects and safety in the treatment of diseases; and the timing, conduct, interim results announcements and outcomes of our clinical trials of our product candidates, including ONP-002 for the treatment of concussion and mTBI. These forward-looking statements are based on management’s beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project," "potential," "may," "will," "could," "should," and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, those described in our most recent Form 10-K, Form 10-Q and other filings we make with the U.S. Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included in this press release and not place undue reliance on such statements. All information we set forth in this press release is as of the date hereof. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by law.

INVESTOR & MEDIA CONTACT
Investor & Media Relations
irth Communications
800-383-4880
ir@oragenics.com

FOOTNOTES

¹ American Association of Neurological Surgeons; Sports Related Head Injury / CDC TBI Data

² Grand Market Research; Concussion Market (2025–2030)

³ Research and Markets; $92.91 Bn Nasal Drug Delivery Market Trends, Opportunities, and Forecasts, 2020–2024 & 2025–2030F


FAQ

What does Oragenics dosing the first Phase IIa patient for ONP-002 (OGEN) signify?

It marks initiation of a randomized Phase IIa study testing ONP-002 in concussion patients within 12 hours of injury. According to the company, the first patient was dosed at Mackay Hospital days after activation, indicating rapid enrollment and operational readiness for the 40-patient trial.

How is Oragenics' Phase IIa ONP-002 trial (OGEN) designed and what are key timelines?

The trial is a randomized, placebo-controlled study of 40 patients with dosing within 12 hours and treatment up to 30 days. According to the company, additional Australian sites are expected to activate in Q2 2026 and an IND filing is targeted for Q4 2026.

What were the Phase I safety results for ONP-002 that support OGEN moving to Phase IIa?

Phase I reported a strong safety profile with zero serious adverse events across all dose levels in 40 patients. According to the company, those results provided scientific confidence to advance into the Phase IIa efficacy and tolerability assessment.

When does Oragenics (OGEN) plan to submit an IND to the FDA for ONP-002?

Oragenics expects to target an IND submission in Q4 2026 to support U.S. clinical trials. According to the company, Phase IIa findings are intended to support that planned IND and the transition to the next phase of development.

What markets and delivery advantages does ONP-002 offer for investors considering OGEN?

ONP-002 is an intranasal neurosteroid delivered via a proprietary spray-dry powder device targeting concussion biology rather than symptoms. According to the company, the global concussion market is projected over $9 billion by 2030 and nasal drug delivery markets are cited near $93 billion by 2030.