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Palisade Bio, Inc. develops next-generation oral PDE4 inhibitor prodrugs for inflammatory and fibrotic diseases. Its lead program, PALI-2108, is a once-daily oral PDE4 inhibitor prodrug designed for targeted delivery and selective bioactivation in the ileum and colon, with clinical development focused on ulcerative colitis and Crohn’s disease.
Company news commonly covers PALI-2108 clinical and translational data, pharmacokinetic and biomarker findings, disease-conference presentations, clinical advisory activity and healthcare investor events. Updates also describe the company’s precision pharmacology strategy and the role of gut-targeted PDE4 inhibition in inflammatory bowel disease programs.
Palisade Bio (Nasdaq: PALI) announced the completion of an underwritten public offering, generating approximately $13.8 million in gross proceeds. This offering included 49.36 million shares of common stock, 1,460 shares of Series B convertible preferred stock, and 55.2 million warrants at an exercise price of $0.25 each. The offering involved the full exercise of the underwriter’s over-allotment option. Ladengurg Thalmann & Co. acted as the sole book-running manager for this offering, which was registered with the SEC.
Palisade Bio (Nasdaq: PALI) reported its Q2 2022 results, highlighting the initiation of a Phase 3 trial for LB1148, aimed at enhancing bowel function recovery post-surgery. The company secured $12 million in funding through an underwriting agreement, extending its cash runway into 2023. Financially, Palisade recorded a net loss of $2.3 million in Q2, a significant decrease from $31.7 million in the previous year, while R&D expenses rose to $1.3 million, indicative of ongoing clinical efforts. The company anticipates increased R&D costs as it progresses with its clinical trials.
Palisade Bio (Nasdaq: PALI) announced a public offering priced at approximately $12 million before deductions. The offering includes 42.16 million shares of common stock and 1,460 shares of Series B convertible preferred stock, with 48 million Series 1 and Series 2 Warrants at an exercise price of $0.25 per share. The transaction is expected to close around August 16, 2022, pending customary conditions. Ladenburg Thalmann & Co. is the book-running manager, with a 45-day option for the underwriter to purchase additional shares.
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Palisade Bio has commenced its Phase 3 study of LB1148, focusing on restoring bowel function in patients post-gastrointestinal surgery. The trial aims to enroll around 600 patients, assessing the efficacy of LB1148 in accelerating gastrointestinal recovery. Previous Phase 2 studies indicated a 1.1-day improvement in bowel function. The company emphasizes rapid patient enrollment over the next 18-24 months, with LB1148 potentially setting a new standard of care for many abdominal surgery patients.
Palisade Bio (PALI) has announced the initiation of a Phase 3 study for LB1148, targeting accelerated recovery of gastrointestinal function in patients undergoing surgery. This study aims to enroll around 600 patients, utilizing a similar dosing protocol as the Phase 2 study that showed a 1.1-day improvement in bowel function recovery. If successful, LB1148 could significantly enhance post-operative care and reduce hospital stay durations. Completion of enrollment is targeted within 18-24 months, marking a critical step in the drug's development.
Palisade Bio (Nasdaq: PALI) has announced an in-person presentation at the 2022 BIO International Convention on June 13, 2022, at 1:45 PM PT. CEO Tom Hallam, Ph.D., will present the company's advancements in therapies for gastrointestinal complications. Additionally, management will engage in one-on-one meetings with industry executives and investors attending the conference. Palisade Bio is focused on addressing challenges arising from post-operative digestive enzyme damage with its lead asset LB1148, which is advancing towards Phase 3 trials.
Palisade Bio (Nasdaq: PALI) reported its Q1 2022 financial results, showing a net loss of $4.2 million, consistent with $4.0 million in Q1 2021. The company has increased R&D expenses by 39% to $1.0 million due to advancing clinical trials. Significant advances include FDA and NMPA clearance to initiate Phase 3 trials for LB1148, targeting postoperative bowel function recovery. Additionally, a $2.0 million direct offering extended their cash runway. LB1148 showed a 93% reduction in post-surgical adhesions during studies. Upcoming milestones include the start of U.S. Phase 3 trials in Q2 2022.
Palisade Bio (Nasdaq: PALI), a clinical-stage biopharmaceutical company, announced equity grants to four new non-executive employees under its 2021 Inducement Plan. On May 4, 2022, the Compensation Committee granted options covering a total of 140,000 shares of common stock, with an exercise price equal to the closing price on the grant date. The options vest quarterly over three years, contingent on continued employment. Palisade Bio focuses on therapies for gastrointestinal complications, with its lead asset, LB1148, progressing toward Phase 3 trials, showing promise in improving bowel function and reducing hospital stays.
Palisade Bio, Inc. (Nasdaq: PALI) announced a registered direct offering of 3,646,690 shares of common stock at $0.55 per share, raising capital for working and corporate purposes, including the development of its lead product candidate, LB1148. The offering, facilitated by Ladenburg Thalmann & Co. Inc., is expected to close around May 10, 2022. Investors will also receive unregistered warrants to purchase the same number of shares at $0.7105, expiring in five and a half years. The offering is conducted under an effective SEC registration statement.