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Atisama Therapeutics Advances RB042 into Multiple Ascending Dose cohorts of Phase 1 Trial and Appoints Bernard Coulie as Chair of the Board

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)

Atisama Therapeutics, an Australian clinical-stage biotech, reported that its lead candidate RB042 has progressed into multiple ascending dose (MAD) cohorts in an ongoing Phase 1 trial in healthy volunteers and healthy smokers, with safety and tolerability demonstrated to date.

The company also appointed Dr. Bernard Coulie, President and CEO of Pliant Therapeutics (NASDAQ: PLRX), as Chair of its Board of Directors, adding extensive pulmonary disease and governance experience as RB042 advances through early clinical development.

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AI-generated analysis. Not financial advice.

Positive

  • RB042 Phase 1 trial has advanced from single to multiple ascending dose cohorts
  • Three of four single ascending dose cohorts completed with safety and tolerability supporting MAD dosing
  • Higher-dose RB042 MAD cohorts expected to read out in H2 2026
  • Appointment of Bernard Coulie as Board Chair adds 25+ years of biopharma leadership
  • New Chair brings specific pulmonary disease expertise aligned with Atisama’s lead program

Negative

  • None.

Key Figures

Phase: Phase 1 SAD cohorts completed: 3 of 4 cohorts MAD status: First cohort initiated +2 more
5 metrics
Phase Phase 1 RB042 trial stage in healthy volunteers and smokers
SAD cohorts completed 3 of 4 cohorts RB042 single ascending dose portion completed to date
MAD status First cohort initiated RB042 multiple ascending dose portion underway
Higher-dose readout timing H2 2026 Planned readout for higher-dose MAD cohorts
Industry experience More than 25 years Dr. Bernard Coulie’s international biopharma leadership

Market Reality Check

Price: $1.1500 Vol: Volume 187,792 vs. 497,26...
low vol
$1.1500 Last Close
Volume Volume 187,792 vs. 497,269 20-day average (relative volume 0.38). low
Technical Price 1.165 trading below 200-day MA at 1.41, and 40.26% below 52-week high.

Peers on Argus

Peers show mixed moves: SRZN -1.84%, ATOS -0.19%, HLVX -0.48%, while MGNX +15.24...

Peers show mixed moves: SRZN -1.84%, ATOS -0.19%, HLVX -0.48%, while MGNX +15.24% and SAVA +8.68%, indicating stock-specific factors for PLRX rather than a uniform biotech move.

Previous Clinical trial Reports

5 past events · Latest: May 21 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
May 21 Clinical data presentation Positive +0.8% Bexotegrast clinical and preclinical data presented showing antifibrotic activity.
Mar 17 Interim trial data Positive +10.4% Promising interim Phase 1 data for PLN-101095 with notable tumor responses.
Mar 03 Trial discontinued Negative -59.9% BEACON-IPF Phase 2b discontinued following safety concerns despite early efficacy.
Feb 13 DSMB review update Negative +21.0% External panel convened after DSMB pause recommendation for BEACON-IPF trial.
Feb 07 Trial pause Negative -60.6% Voluntary pause in BEACON-IPF Phase 2b enrollment and dosing after DSMB review.
Pattern Detected

Clinical trial headlines have produced volatile reactions, including large drawdowns around BEACON-IPF decisions, with an average move of -17.67% across past clinical updates.

Recent Company History

Clinical-trial news for Pliant has centered on bexotegrast in pulmonary fibrosis and PLN-101095 in oncology. In Feb–Mar 2025, BEACON-IPF updates ranged from a voluntary pause to full discontinuation, driving large negative moves on some days and a sharp gain on one DSMB-related update. Other events, including promising PLN‑101095 Phase 1 data and bexotegrast presentations, saw more moderate positive reactions. Today’s Atisama-focused announcement intersects PLRX only through Bernard Coulie’s leadership role.

Historical Comparison

-17.7% avg move · Over the past year, PLRX clinical-trial headlines averaged a -17.67% move, mixing sharp selloffs on ...
clinical trial
-17.7%
Average Historical Move clinical trial

Over the past year, PLRX clinical-trial headlines averaged a -17.67% move, mixing sharp selloffs on BEACON-IPF setbacks with solid gains on positive PLN‑101095 data. Today’s article is indirectly related, highlighting Coulie’s external role alongside Atisama’s early RB042 progress.

Clinical news has tracked BEACON-IPF from DSMB-driven pause to full discontinuation, while PLN‑101095 advanced with encouraging Phase 1 results and broader data presentations.

Regulatory & Risk Context

Active S-3 Shelf · $300,000,000
Shelf Active
Active S-3 Shelf Registration 2026-03-30
$300,000,000 registered capacity

An effective S-3 shelf filed on 2026-03-30 allows Pliant to offer up to $300,000,000 in various securities, including an at-the-market program for up to $50,000,000 of common stock, providing flexibility to raise capital for R&D and clinical programs.

Market Pulse Summary

This announcement centers on Atisama’s RB042 Phase 1 advancement and Bernard Coulie’s appointment as...
Analysis

This announcement centers on Atisama’s RB042 Phase 1 advancement and Bernard Coulie’s appointment as Chair, underscoring his more than 25 years of biopharma leadership and pulmonary expertise. For PLRX, it reinforces his industry stature while the company continues its own oncology and fibrosis programs. Historically, PLRX clinical news has triggered sizable stock moves, so investors may watch future trial updates, capital raises under the $300,000,000 shelf, and leadership developments across Coulie’s roles.

Key Terms

splice-switching oligonucleotide, phase 1 trial, single ascending dose, multiple ascending dose, +2 more
6 terms
splice-switching oligonucleotide medical
"developing novel splice-switching oligonucleotide (SSO) therapeutics for chronic"
A splice-switching oligonucleotide is a short, engineered piece of genetic code designed to attach to a cell’s messenger RNA and change how the cell reads an instruction manual for making a protein—like taping over or rearranging pages in a manual so the final product is different. For investors, it matters because this targeted way of fixing or modulating gene expression can create new treatments for genetic diseases but carries development, regulatory, and commercial risk common to advanced biotech therapies.
phase 1 trial medical
"RB042 Phase 1 trial advances into multiple ascending dose study cohorts"
Phase 1 trial is the first stage of testing a new drug or treatment in humans, focused mainly on safety, tolerability and finding the right dose, usually in a small group of volunteers or patients. For investors it matters because clear safety and dosing results reduce development risk, unlock later, larger trials, and can meaningfully change a biotech’s value and timeline — like a prototype’s maiden test flight that shows whether further investment makes sense.
single ascending dose medical
"Three of four single ascending dose (SAD) cohorts are complete"
A single ascending dose is a method used in testing new medicines where small amounts are given to participants, gradually increasing each time to find the safest and most effective dose. For investors, it provides important information about a drug’s safety and potential, helping gauge the progress and prospects of a pharmaceutical development.
multiple ascending dose medical
"advanced to multi-dose ascending (MAD) cohorts, and continues to demonstrate"
A multiple ascending dose is a method used in testing new medicines where small groups of people receive gradually larger amounts of the drug over time. This approach helps researchers find the safest and most effective dose without causing too many side effects. For investors, it signals ongoing steps in drug development that can impact a company's potential success or approval prospects.
healthy volunteers medical
"evaluating RB042 in healthy volunteers and healthy smokers"
Healthy volunteers are people without the disease being studied who take part in early human testing of a new drug or medical procedure to help researchers learn how the treatment affects the body, what dose is safe, and what side effects may occur. Think of them as test drivers for a prototype: their results help determine whether a candidate is safe enough to move into patient trials, which matters to investors because safety, tolerability, and early dosing outcomes strongly influence development costs, timelines, and regulatory risk.
integrin-based therapies medical
"a clinical-stage biopharmaceutical company focused on the development of integrin-based therapies"
Therapies that target integrins—proteins on cell surfaces that act like cellular “Velcro,” helping cells stick to each other and send signals—aim to block or modify those interactions to treat diseases such as cancer, inflammation, and fibrosis. Investors should care because these treatments can open new markets or improve existing drug efficacy, but they also carry typical biotech risks: lengthy clinical testing, regulatory hurdles, and uncertain commercial viability if safety or effectiveness falls short.

AI-generated analysis. Not financial advice.

  • RB042 Phase 1 trial advances into multiple ascending dose study cohorts, demonstrating safety and tolerability to date.
  • Dr. Coulie brings more than 25 years of international biopharma leadership and deep expertise in pulmonary disease to the Atisama Board of Directors.

MELBOURNE, Australia, May 15, 2026 /PRNewswire/ -- Atisama Therapeutics (formerly Rage Bio) ("Atisama" or the "Company"), an Australian clinical-stage biotechnology company developing novel splice-switching oligonucleotide (SSO) therapeutics for chronic inflammatory disease, today reported progress in the Phase 1 study of its lead candidate, RB042, and announced the appointment of Dr. Bernard Coulie as Chair of the Board of Directors.

RB042 Phase 1 Clinical Update
The RB042 Phase 1 study (RB042_1001; NCT07285122), evaluating RB042 in healthy volunteers and healthy smokers, has advanced to multi-dose ascending (MAD) cohorts, and continues to demonstrate safety and tolerability. Three of four single ascending dose (SAD) cohorts are complete, and the first MAD cohort has been initiated, with higher-dose cohorts expected to readout in H2 2026.

"RB042 clinical progress is tracking to plan. Safety and tolerability across three SAD cohorts have supported advancement into MAD dosing. Higher-dose cohorts may provide early insights into target engagement to inform future development, with readouts expected later this year," said Dr. Ed Tucker, Chief Medical and Development Officer.

Appointment of Bernard Coulie as Chair of the Board
Dr. Coulie joins Atisama at a pivotal moment, as RB042 advances through early clinical development and the Company prepares for its next phase of growth.

Dr. Coulie currently serves as President and CEO of Pliant Therapeutics (NASDAQ: PLRX), a clinical-stage biopharmaceutical company focused on the development of integrin-based therapies, and holds board positions at several global biotech companies. His career includes senior executive roles at Johnson & Johnson and Actogenix. He has founded and led companies across a range of therapeutic areas, with particular expertise in pulmonary disease, directly relevant to Atisama's lead clinical programme.

As Chair, Dr. Coulie brings deep governance experience and operational leadership to the Atisama Board, with clinical, scientific and commercial acumen that aligns directly with the Company's mission.

"Bernard brings exactly the strategic depth and governance experience we need as we scale and advance our pipeline toward later-stage clinical development. His track record in pulmonary disease, his experience building companies, and his strong relationships across the global investment community make him an exceptional addition to our Board. We are delighted to welcome him," said Dr. Siro Perez, Chief Executive and Scientific Officer.

"Atisama is working on a genuinely differentiated scientific approach to one of the most important unmet needs in respiratory medicine. The biology is compelling, the team is strong, and the clinical progress to date is highly encouraging. I am excited to join the Board and to support the Company as it moves through the clinic and into its next chapter," said Dr. Bernard Coulie, Chair of the Board.

About Atisama Therapeutics
Atisama Therapeutics Pty Ltd (ACN 640 194 770, formerly Rage Bio Pty Ltd) is a clinical-stage biotechnology company developing novel splice-switching oligonucleotide (SSO) therapies for inflammatory disease. Founded on the principle of restoring molecular balance for lasting health, the Company's SSO platform is producing drug candidates that down-regulate disease-driving isoforms and upregulates their protective counterparts; a dual-action mechanism unique to the SSO modality. Atisama's lead asset, RB042, is an inhaled SSO currently in Phase 1 clinical development. Atisama has several other programmes leveraging the novel SSO platform. The Company is headquartered in Melbourne, Australia.

About RB042
RB042 is an inhaled splice-switching oligonucleotide (SSO) targeting the Receptor for Advanced Glycation End-products (RAGE), a genetically validated driver of inflammation in chronic obstructive pulmonary disease (COPD). RB042 redirects pre-mRNA expression to the protective soluble esRAGE isoform over pro-inflammatory membrane-bound mRAGE, potentially shifting the isoform balance disrupted in disease. RB042 is currently being evaluated in a Phase 1 study (RB042_1001; NCT07285122) in healthy volunteers and healthy smokers across single ascending dose and multiple ascending dose cohorts. COPD affects approximately 400 million people globally and is the third leading cause of death; approximately 70% of patients are non-eosinophilic and lack a targeted therapeutic option. RB042 is being developed across all COPD endotypes, with additional indications under evaluation.

For more information, visit www.atisama.com or contact media@atisama.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/atisama-therapeutics-advances-rb042-into-multiple-ascending-dose-cohorts-of-phase-1-trial-and-appoints-bernard-coulie-as-chair-of-the-board-302773218.html

SOURCE Atisama Therapeutics

FAQ

What Phase 1 progress did Atisama report for RB042 in May 2026?

Atisama reported that RB042 has moved into multiple ascending dose (MAD) cohorts in its Phase 1 trial. Three of four single ascending dose cohorts are complete, with safety and tolerability supporting MAD dosing and higher-dose cohort readouts expected in H2 2026.

What does advancing RB042 into multiple ascending dose cohorts mean for Atisama’s clinical program?

Advancing RB042 into MAD cohorts indicates Phase 1 has progressed beyond single doses while remaining tolerable. According to Atisama, upcoming higher-dose MAD cohorts may offer early insights into target engagement, helping guide future development decisions and shaping the next stages of clinical planning.

Who is Bernard Coulie and what role will he play at Atisama Therapeutics?

Dr. Bernard Coulie has been appointed Chair of the Board at Atisama Therapeutics. He is President and CEO of Pliant Therapeutics (NASDAQ: PLRX) and brings over 25 years of international biopharma leadership, including pulmonary disease and governance experience.

How is Pliant Therapeutics (NASDAQ: PLRX) CEO Bernard Coulie connected to Atisama Therapeutics?

Bernard Coulie, CEO of Pliant Therapeutics (NASDAQ: PLRX), has been named Chair of Atisama’s Board. According to Atisama, he contributes clinical, scientific and commercial expertise, plus governance experience, to support RB042’s early clinical development and the company’s planned next phase of growth.

When are higher-dose RB042 Phase 1 cohort results expected and why are they important for investors?

Higher-dose RB042 MAD cohort readouts are expected in H2 2026. According to Atisama, these cohorts may provide early insights into target engagement, informing later-stage trial design and offering investors clearer visibility into the candidate’s potential path through clinical development.

What is the design of Atisama’s RB042 Phase 1 trial and who is enrolled?

The RB042 Phase 1 study (RB042_1001; NCT07285122) evaluates RB042 in healthy volunteers and healthy smokers. It began with single ascending dose cohorts, three of which are complete, and has now progressed into multiple ascending dose cohorts with ongoing safety and tolerability monitoring.

Why does Atisama consider Bernard Coulie’s pulmonary disease background important for RB042?

Atisama highlights that Bernard Coulie has particular expertise in pulmonary disease, directly relevant to its lead clinical program. According to the company, his experience in respiratory medicine, company building and global investor relationships is expected to support RB042’s advancement toward later-stage clinical development.