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OS Animal Health Receives USDA Feedback on Regulatory Pathway for OST-HER2 in Canine Osteosarcoma

OSAH plans to use OS Therapies’ human-product manufacturing work for its animal commercial manufacturing process.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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OS Therapies (OSTX) announced that its animal health subsidiary received USDA feedback on the regulatory pathway for OST-HER2 in canine osteosarcoma. The wholly owned subsidiary, OS Animal Health (OSAH), received guidance on clinical efficacy, safety, non-clinical requirements and manufacturing controls ahead of an upcoming conditional licensure request. OSAH intends to seek a new conditional license using existing clinical efficacy data covering prevention of metastasis, metastatic disease control and prevention of amputation in frontline osteosarcoma.

OSAH expects additional clinical studies will be needed for full USDA licensure and hopes to launch the product commercially in the United States in 2027. OS Therapies is evaluating alternatives to monetize OSAH. The subsidiary plans crowdfunding in the fourth quarter of 2026 to expand its shareholder base to meet initial listing standards for a U.S. national stock exchange.

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6 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate pointUSDA feedback provides guidance ahead of OSAH’s planned OST-HER2 conditional licensure request.
  • Moderate point. Forward-looking: it has not happened yet and may not happen.U.S. commercial launch for canine OST-HER2 is hoped for in 2027.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Existing clinical efficacy data will underpin OSAH’s planned request for a new conditional license.
  • Minor pointOSAH monetization alternatives are under evaluation, including strategic and direct capital options.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Crowdfunding is planned for the fourth quarter of 2026 to expand OSAH’s shareholder base.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Human-product manufacturing work will be leveraged for OSAH’s animal commercial manufacturing process.

Negative

  • Moderate pointNew conditional licensure remains to be sought from USDA before the planned commercialization.
  • Moderate point. Forward-looking: it has not happened yet and may not happen.Additional clinical studies are expected to be necessary for full USDA licensure.

Key Terms

conditional licensure, chemistry, manufacturing and controls (cmc), osteosarcoma, metastasis
4 terms
conditional licensure regulatory
"OSAH's upcoming conditional licensure request in the areas of clinical efficacy"
A permit or professional license issued by a government or regulatory agency that takes effect only if the holder follows specific requirements set by the regulator. Conditions typically include time limits, reporting or monitoring obligations, restrictions on services or supervision requirements, and benchmarks the holder must meet before the license becomes unrestricted; failure to comply can lead to additional sanctions, modification of the license, or revocation.
chemistry, manufacturing and controls (cmc) technical
"clinical safety, non-clinical and Chemistry, Manufacturing and Controls (CMC)"
Chemistry, manufacturing and controls (CMC) is the set of scientific and operational steps that show how a drug or biologic is made, what goes into it, and how its quality is consistently checked—think of it as the recipe, the factory process, and the quality checklist for a medicine. Investors care because strong CMC reduces risks around regulatory approval, production delays, batch failures and unexpected costs, directly affecting a product’s ability to reach market and generate revenue.
osteosarcoma medical
"commercial development pathway for OST-HER2 in the treatment of canine osteosarcoma"
A rare but aggressive form of bone cancer that usually starts in cells that build bone, most often affecting the long bones of the arms and legs. For investors, it matters because the disease’s severity, patient numbers, and difficulty of treatment shape the market for drugs and medical devices, influence clinical trial design and regulatory reviews, and can drive the potential value or risk of companies developing new therapies—think of it as a small but high-stakes market niche.
metastasis medical
"including prevention of metastasis, metastatic disease control"
Metastasis is the process by which cancer cells break away from a primary tumor and travel to other parts of the body, where they form new tumors — like seeds carried by wind taking root in distant soil. It matters to investors because metastatic disease often requires more complex, longer-term treatments, drives larger market demand for advanced therapies, and strongly influences clinical trial design, regulatory decisions, and a drug’s commercial value.

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

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  • Received notice for upcoming USDA meeting
  • Company is reviewing strategic alternatives to monetize OS Animal Health ("OSAH")

Grasonville, Maryland--(Newsfile Corp. - October 7, 2026) - OS Therapies, Inc. (NYSE American: OSTX) ("OS Therapies" or the "Company"), the world leader in gene-edited, Listeria-based cancer immunotherapies, today announced that its wholly-owned animal health subsidiary, OSAH received feedback from the U.S. Department of Agriculture (USDA) related to its submission to gain alignment on the commercial development pathway for OST-HER2 in the treatment of canine osteosarcoma. USDA provided guidance related to the OSAH's upcoming conditional licensure request in the areas of clinical efficacy, clinical safety, non-clinical and Chemistry, Manufacturing and Controls (CMC) as a prelude to commercialization.

OSAH intends to seek conditional licensure based upon clinical efficacy data it has already generated in various osteosarcoma disease settings, including prevention of metastasis, metastatic disease control and prevention of amputation in frontline osteosarcoma. OSAH expects to have to run additional clinical studies to ultimately gain full licensure from USDA.

"We are pleased that we have been able to open a dialogue with USDA in getting OST-HER2 commercially launched for canine osteosarcoma. Now that OS Therapies has made significant progress in the HerlysticTM commercial manufacturing process for human osteosarcoma, OSAH will leverage those results for the animal commercial manufacturing process," said Edward Robb, DVM, Strategic Advisor for OS Animal Health. "We are hopeful to get this product commercially launched in 2027 for dogs in the United States."

Frank Knuettel II, Chief Financial Officer of OS Therapies, noted, "With the progress we have made at both OS Therapies and OSAH, we are now in a position to evaluate strategic and/or direct capital alternatives for OSAH, directly benefiting OS Therapies shareholders. Canine osteosarcoma is one of the leading causes of death in large breed canines and we believe there is substantial value in our gene-edited, cancer immunotherapy platform for companion animal health. OST-HER2 has the potential to be the first HER2-targeted therapy in companion animal cancer treatment."

The veterinary oncology market is expected to grow from $1.58 billion in 2024 to $4.77 billion in 2034 according to Towards Healthcare, driven primarily by the North American market due to its advanced veterinary infrastructure and high expenditure on pet healthcare. OS Animal Health plans to initiate a crowdfunding in the fourth quarter of 2026 to expand its shareholder base in order to meet the initial listing standards for a U.S. national stock exchange. Indications of interest from potential investors in the proposed crowdfunding are being received at: https://www.mrcrowd.com/ttw/osah.

No Offer to Sell or Solicit

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in connection with the proposed spinoff or otherwise unless made in compliance with applicable securities laws. Any distribution of shares or other issuance of securities in connection with the proposed spinoff or otherwise will be made only pursuant to an effective registration statement or an applicable exemption from registration. No assurance can be given that any initial public offering, direct listing, crowdfunding or spinoff of OSAH will occur, or that any such transaction, if undertaken, will be completed on the terms or within the timeline currently contemplated. Even if any such transaction is completed, no assurance can be given that the newly independent company will operate as expected, that anticipated benefits of such transaction will be realized or that the trading value of the parent company and the separated company, individually or in the aggregate, will equal or exceed the Company's current value.

About OS Animal Health

OS Animal Health, Inc. ("OSAH") is a wholly-owned subsidiary of OS Therapies, Inc. (NYSE American: OSTX). OSAH develops cancer immunotherapies for companion animals based on OS Therapies' gene-edited, Listeria-based immunotherapy platform. Its lead candidate, OST-HER2, is being developed to treat osteosarcoma in dogs, and it was previously granted a conditional license by the U.S. Department of Agriculture's Center for Veterinary Biologics for that use. OSAH is seeking a new conditional license for OST-HER2 based on existing data, to be followed by additional studies intended to support a full license. OSAH's manufacturing draws on the commercial-scale work OS Therapies has done for the human version of OST-HER2.

About OS Therapies

OS Therapies is a clinical stage oncology company focused on the identification, development, and commercialization of treatments for Osteosarcoma and other solid tumors. The Company is the world leader in gene-edited, Listeria-based cancer immunotherapies. OST-HER2, the Company's lead asset, is an immunotherapy leveraging the immune-stimulatory effects of Listeria bacteria to initiate a strong immune response targeting the HER2 protein. OST-HER2 is designed to target two mutated extracellular epitopes and one mutated intracellular epitope of the HER2 oncogene, requiring only one of these three epitopes to be present in a tumor (or micro-metastasis) to trigger the desired immune response. OST-HER2 has received Orphan Drug Designation (ODD), Fast Track Designation (FTD) and Rare Pediatric Disease Designation (RPDD) from the U.S. Food & Drug Administration and has received ODD, FTD and Advanced Therapy Medicinal Products (ATMP) from the European Medicines Agency.

The Company reported positive data in its Phase 2b clinical trial of OST-HER2 in the prevention or delay of recurrence in fully resected, pulmonary metastatic osteosarcoma, demonstrating clinically significant benefit in the 12-month event free survival (EFS) primary endpoint of the study and the overall survival (OS) secondary endpoint. The Company intends to submit a Biologics License Application (BLA) request to the U.S. FDA for OST-HER2 in osteosarcoma in 2026 and, if approved, would become eligible to receive a Priority Review Voucher that it could then sell. The Company also anticipates requesting Conditional Marketing Authorisation Applications from the U.K.'s Medicines and Healthcare products Regulatory Agency (MHRA) the European Medicines Agency (EMA) and the Australian Therapeutic Goods Administration (TGA) for OST-HER2 in the fourth of 2026. OST-HER2 has completed a Phase 1 clinical study primarily in breast cancer patients, in addition to showing preclinical efficacy data in various models of breast cancer. OST-HER2 was previously conditionally approved by the U.S. Department of Agriculture for the treatment of canines with osteosarcoma. The Company has also completed dosing in a Phase 1 study of OST-504 for castration-resistant prostate cancer.

In addition, OS Therapies is advancing its next-generation Antibody Drug Conjugate (ADC) and Drug Conjugates (DC), known as tunable ADC (tADC), which features tunable, tailored antibody-linker-payload candidates. This platform leverages the Company's proprietary silicon Si-Linker and Conditionally Active Payload (CAP) technology, enabling the delivery of multiple payloads per linker. For more information, please visit www.ostherapies.com.

Forward-Looking Statements

Statements in this press release regarding future expectations, plans, prospects or performance, as well as any other statements that are not historical facts, may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are generally identified by words such as "anticipate," "believe," "could," "expect," "intend," "may," "plan," "potential," "should," "will" and similar expressions, although not all forward-looking statements contain these words. These statements are based on the current expectations and assumptions of OS Therapies and its management and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company's; the timing and outcome of regulatory submissions and potential approval of OST-HER2 by the U.S. Food and Drug Administration and applicable foreign regulatory authorities; and other risks and uncertainties described under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release, and OS Therapies undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

OS Therapies Contact Information:

INVESTOR CONTACT
Harrison Seidner, PhD
WaterSeid Partners
OSTX@waterseid.com

MEDIA CONTACT
Steven Weiss
Executive Vice President
Rubenstein Public Relations
sweiss@rubensteinpr.com
212-805-3062

https://x.com/OSTherapies
https://www.instagram.com/ostherapies/
https://www.facebook.com/OSTherapies/
https://www.linkedin.com/company/os-therapies/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317856

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What USDA feedback did OS Therapies receive for canine OST-HER2?

OS Therapies’ subsidiary OSAH received USDA guidance on clinical efficacy, clinical safety, non-clinical requirements and manufacturing controls ahead of its upcoming conditional licensure request. OSAH intends to use existing clinical efficacy data for that request and expects additional clinical studies will be needed for full licensure.

When could OS Animal Health launch OST-HER2 for dogs?

OSAH hopes to commercially launch OST-HER2 for dogs in the United States in 2027. That timing is an aspiration, not a completed approval or launch; the subsidiary is preparing to seek a new USDA conditional license.

How will OS Animal Health manufacture canine OST-HER2?

OSAH plans to leverage OS Therapies’ Herlystic commercial manufacturing work for human osteosarcoma in developing its animal commercial manufacturing process. The USDA feedback also addressed Chemistry, Manufacturing and Controls, the requirements covering how the product is made and controlled.

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