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Polyrizon Ltd reported a $3.3M net loss for fiscal 2025. See the full PLRZ financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

Polyrizon Completes All Five U.S. Site Contracts for NASARIX™ First-in-Human Allergy Study

Polyrizon (PLRZ) has completed contracting with all five U.S. clinical sites for its first-in-human study of NASARIX™ Allergy Blocker (PL-14), advancing the program into study execution.

(Very High)
(Positive)
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Polyrizon (PLRZ) has completed contracting with all five U.S. clinical sites for its first-in-human study of NASARIX™ Allergy Blocker (PL-14), advancing the program into study execution.

The prospective, multicenter, randomized, single-blind, two-arm trial in seasonal allergic rhinitis will enroll up to 120 patients, randomized 1:1 to receive NASARIX or an isotonic saline nasal spray control. The primary efficacy endpoint is the difference between treatment groups in mean daily reflective Total Nasal Symptom Score (rTNSS) over the first 14 treatment days, with safety assessed via treatment-emergent adverse events and local/overall tolerability. Secondary measures are expected to include instantaneous TNSS (iTNSS), quality of life, symptom-free days, and use of permitted relief medication. Enrollment is planned to align with relevant allergy seasons, using local pollen counts and weather conditions to guide recruitment timing.

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Positive

  • All five U.S. clinical site contracts completed, enabling NASARIX™ first-in-human study execution
  • Planned trial to enroll up to 120 patients in randomized, controlled design
  • Clearly defined primary endpoint using rTNSS over 14 treatment days

Negative

  • None.

Market Context

-1.03% was PLRZ’s pre-publication 24-hour change, while the August 20 site-network update was follow...
Analysis

-1.03% was PLRZ’s pre-publication 24-hour change, while the August 20 site-network update was followed by -1.7%. The history adds mixed validation; enrollment timing and trial execution remain key factors to watch.

Key Figures

U.S. clinical sites: 5 sites Planned enrollment: up to 120 randomized patients Randomization ratio: 1:1 +1 more
4 metrics
U.S. clinical sites 5 sites First-in-human NASARIX study
Planned enrollment up to 120 randomized patients First-in-human seasonal allergic rhinitis study
Randomization ratio 1:1 NASARIX versus isotonic saline control
Primary endpoint period 14 treatment days Mean daily reflective Total Nasal Symptom Score

Historical Context

5 past events · Latest: Aug 20 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Aug 20 Clinical site contracting Positive -1.7% Completed five-site network and advanced NASARIX toward patient enrollment
Jul 02 Biocompatibility results Positive +8.8% Required biological safety tests met predefined acceptance criteria
Jun 29 Clinical trial approval Positive +11.1% Central IRB approval enabled the first human NASARIX clinical trial
Jun 17 Patent application publication Positive +15.6% U.S. patent application publication covered the mucoadhesive drug delivery platform
Jun 15 Human performance study Positive -2.7% Study agreements supported NASARIX residence-time characterization

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

Pattern Detected

Prior positive NASARIX and platform milestones produced mixed reactions, with both aligned gains and divergent declines.

Key Terms

intranasal hydrogels, treatment-emergent adverse events, bioadhesion, active pharmaceutical ingredients
4 terms
intranasal hydrogels technical
"development of innovative intranasal hydrogels"
Intranasal hydrogels are soft, water-rich gel medicines applied inside the nose that cling to nasal tissue and release drugs slowly over time, like a small gel patch that delivers medication directly where it can be absorbed. They matter to investors because this delivery approach can make drugs more effective or convenient, enable treatments that otherwise fail when swallowed, reduce side effects or dosing frequency, and therefore influence clinical success, regulatory approval and commercial potential.
treatment-emergent adverse events medical
"frequency and severity of treatment-emergent adverse events"
Events or symptoms that either appear for the first time or get worse after a patient starts a treatment; think of new or intensified side effects that show up once medicine or a medical device is used. Investors watch these closely because they affect whether a therapy can gain regulatory approval, be prescribed widely, or face legal and commercial setbacks—similar to how early customer complaints can sink a new product’s prospects.
bioadhesion technical
"technology such as the bioadhesion and prolonged retention"
Bioadhesion is the ability of a material or drug formulation to stick to biological tissues, such as skin, mucous membranes, or internal organs, for a sustained period. It matters to investors because stronger or targeted bioadhesion can improve a medical product’s effectiveness, dosing frequency, and competitive differentiation—much like glue that keeps a patch in place longer, reducing the need for repeated application and potentially affecting market value and regulatory review.
active pharmaceutical ingredients technical
"focused on nasal delivery of active pharmaceutical ingredients"
The active pharmaceutical ingredient (API) is the specific chemical or biological substance in a medicine that produces the intended health effect — the ‘engine’ that treats, prevents or diagnoses a condition. Investors watch APIs because they determine a drug’s cost, quality, regulatory approval and patent protection; shortages, manufacturing problems or competition at the API level can directly affect a drug maker’s sales and valuation.

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

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Raanana, Israel, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Polyrizon Ltd. (Nasdaq: PLRZ) (the “Company” or “Polyrizon”), a development-stage biotech company specializing in the development of innovative intranasal hydrogels, recently announced that it has completed contracting with the fourth and fifth clinical sites participating in its clinical study of NASARIX™ Allergy Blocker (PL-14).

With the execution of these final agreements, Polyrizon has completed the contracting with all five U.S. clinical sites selected for the study, marking an important operational milestone and moves the NASARIX™ program into study execution. The planned first-in-human study is a prospective, multicenter, randomized, single-blind, two-arm clinical trial designed to evaluate the efficacy, safety and tolerability of NASARIX™ in patients with seasonal allergic rhinitis. The study is designed to enroll up to 120 randomized patients, with subjects assigned in a 1:1 ratio to receive either NASARIX™ Allergy Blocker or an isotonic saline nasal spray control.

The study’s primary efficacy endpoint will evaluate the difference between the treatment groups in mean daily reflective Total Nasal Symptom Score (rTNSS) over the first 14 treatment days. Safety assessments will include the frequency and severity of treatment-emergent adverse events as well as assessments of local and overall tolerability.

Secondary efficacy measures are expected to include instantaneous Total Nasal Symptom Score (iTNSS), rhinoconjunctivitis-related quality of life, the number of symptom-free days, and use of permitted relief medication.

Following completion of the clinical site contracting process, Polyrizon is advancing the study into the next stage of execution, including patient pre-screening activities and preparations for enrollment. Because the study evaluates seasonal allergic rhinitis under real-world allergen exposure conditions, patient enrollment is planned to coincide with the relevant allergy seasons. Local pollen counts and weather conditions will be monitored to assess airborne allergen exposure and support the timing of recruitment.

About NASARIXTM

NASARIXTM is Polyrizon’s proprietary nasal spray designed to create a protective barrier within the nasal cavity, helping to prevent contact between inhaled allergens and the nasal mucosa. The product is being developed as a non-drug approach for the management of seasonal allergic rhinitis.

About Polyrizon

Polyrizon is a development stage biotech company specializing in the development of innovative medical device hydrogels delivered in the form of nasal sprays, which form a thin hydrogel-based shield containment barrier in the nasal cavity that can provide a barrier against viruses and allergens from contacting the nasal epithelial tissue. Polyrizon’s proprietary Capture and Contain TM, or C&C, hydrogel technology, comprised of a mixture of naturally occurring building blocks, is delivered in the form of nasal sprays, and potentially functions as a “biological mask” with a thin shield containment barrier in the nasal cavity. Polyrizon are further developing certain aspects of our C&C hydrogel technology such as the bioadhesion and prolonged retention at the nasal deposition site for intranasal delivery of drugs. Polyrizon refers to its additional technology, which is in an earlier stage of pre-clinical development, that is focused on nasal delivery of active pharmaceutical ingredients, or APIs, as Trap and Target, or T&T. For more information, please visit https://polyrizon-biotech.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the timing and progress of its NASARIX™ clinical study and patient pre-screening and enrollment activities. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 and subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Polyrizon is not responsible for the contents of third-party websites.

Contacts:

Michal Efraty
Investor Relations
IR@polyrizon-biotech.com


FAQ

What did Polyrizon (PLRZ) announce about the NASARIX™ allergy study?

Polyrizon announced completion of contracts with all five selected U.S. clinical sites for its first-in-human NASARIX™ Allergy Blocker (PL-14) study, moving the seasonal allergic rhinitis trial from site setup into the execution phase, including pre-screening and preparation for patient enrollment.

How is the NASARIX™ first-in-human trial for PLRZ designed?

The NASARIX™ trial is a prospective, multicenter, randomized, single-blind, two-arm study in patients with seasonal allergic rhinitis. Participants will receive either NASARIX™ Allergy Blocker or an isotonic saline nasal spray control, allowing comparison of efficacy, safety, and tolerability between the two treatment arms.

How many patients will be enrolled in Polyrizon’s NASARIX™ study (PLRZ)?

The NASARIX™ first-in-human study is designed to enroll up to 120 randomized patients. Subjects will be assigned in a 1:1 ratio to receive either NASARIX™ Allergy Blocker or an isotonic saline nasal spray control in order to assess comparative efficacy, safety, and tolerability in seasonal allergic rhinitis.

What is the primary endpoint of the NASARIX™ clinical trial for PLRZ?

The primary efficacy endpoint evaluates the difference between treatment groups in mean daily reflective Total Nasal Symptom Score (rTNSS) over the first 14 treatment days. This measure captures changes in nasal symptoms in patients with seasonal allergic rhinitis receiving NASARIX™ or saline spray.

What secondary outcomes will the NASARIX™ allergy study (PLRZ) assess?

Secondary efficacy measures are expected to include instantaneous Total Nasal Symptom Score (iTNSS), rhinoconjunctivitis-related quality of life, number of symptom-free days, and use of permitted relief medication. These outcomes complement the primary rTNSS endpoint to characterize overall clinical benefit.

When will patient enrollment start in Polyrizon’s NASARIX™ study (PLRZ)?

Enrollment is planned to coincide with relevant allergy seasons because the study evaluates seasonal allergic rhinitis under real-world allergen exposure. Local pollen counts and weather conditions will be monitored to assess airborne allergen levels and to support the timing of patient recruitment.

What is NASARIX™ and how is Polyrizon (PLRZ) developing it?

NASARIX™ is a proprietary nasal spray designed to create a protective barrier in the nasal cavity, helping prevent contact between inhaled allergens and nasal mucosa. It is being developed as a non-drug approach for managing seasonal allergic rhinitis using Polyrizon’s intranasal hydrogel barrier technology.