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ProMIS Neurosciences Exceeds Target Enrollment in PRECISE-AD Phase 1b Clinical Trial of PMN310 in Alzheimer’s Disease

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ProMIS Neurosciences (NASDAQ: PMN) completed enrollment of 144 patients in the PRECISE-AD Phase 1b trial of PMN310 for early Alzheimer’s disease, exceeding its target. The randomized, double-blind, placebo-controlled 12-month study will assess safety, tolerability, pharmacokinetics, biomarkers, and clinical effects of an antibody selective for toxic soluble amyloid-beta oligomers.

To date PMN310 shows a favorable safety profile with limited discontinuations and no treatment-related serious adverse events. A blinded 6-month interim analysis is planned for Q2 2026 and final unblinded top-line results for Q4 2026.

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Positive

  • Enrollment completed: 144 patients
  • Favorable safety: no treatment-related SAEs reported
  • Clear timeline: blinded interim Q2 2026 and top-line Q4 2026

Negative

  • No efficacy data yet; clinical benefit remains unreported
  • Key readouts are months away: Q2 2026 and Q4 2026

News Market Reaction – PMN

-5.61%
2 alerts
-5.61% News Effect
+8.4% Peak Tracked
-$1M Valuation Impact
$19M Market Cap
0.5x Rel. Volume

On the day this news was published, PMN declined 5.61%, reflecting a notable negative market reaction. Argus tracked a peak move of +8.4% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $19M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Patients enrolled: 144 patients Trial duration: 12-month trial Interim analysis timing: 6-month interim in Q2 2026 +2 more
5 metrics
Patients enrolled 144 patients PRECISE-AD Phase 1b trial enrollment completed, exceeding target
Trial duration 12-month trial PRECISE-AD design in mild cognitive impairment or early AD
Interim analysis timing 6-month interim in Q2 2026 Blinded biomarker-focused interim readout
Top-line results timing 12-month top-line in Q4 2026 Final unblinded analysis of PRECISE-AD
Serious adverse events No treatment-related SAEs Safety observations to date in PRECISE-AD

Market Reality Check

Price: $17.60 Vol: Volume 17,323 is below th...
low vol
$17.60 Last Close
Volume Volume 17,323 is below the 20-day average of 43,650 ahead of this enrollment update. low
Technical Shares at $8.92 are trading below the $13.14 200-day moving average.

Peers on Argus

PMN fell 4.5% while peers were mixed: ELEV (-2.28%), LSTA (-1.47%), QTTB (+1.41%...
1 Down

PMN fell 4.5% while peers were mixed: ELEV (-2.28%), LSTA (-1.47%), QTTB (+1.41%), AKTX in momentum scanner (-4.19%). This points to stock-specific dynamics rather than a broad biotech move.

Historical Context

5 past events · Latest: Dec 10 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Dec 10 Scientific publication Positive +12.0% Peer-reviewed data on selective toxic Aβ oligomer targeting and trial timelines.
Dec 01 Biomarker publication Positive +3.5% Data supporting plasma pTau as an early predictive endpoint for Alzheimer’s trials.
Dec 01 Conference participation Neutral +3.5% CEO appearance and investor meetings at a major healthcare conference.
Nov 24 Reverse stock split Negative -22.4% One-for-25 reverse split to address Nasdaq bid-price deficiency.
Nov 12 Earnings & update Negative +4.0% Q3 loss, going-concern language, higher R&D, but PRECISE-AD progress and financing.
Pattern Detected

PMN has generally reacted positively to scientific and corporate updates, with only the reverse split drawing a sharply negative move; one earnings/going-concern update showed a positive price divergence.

Recent Company History

Over the last two months, ProMIS has advanced PRECISE-AD and its PMN310 program while addressing listing and capital structure. A Q3 2025 update on trial progress and financing on Nov 12 saw a positive reaction despite going-concern language. A reverse split announcement on Nov 24 drew a -22.36% move. Subsequent peer‑reviewed publications on oligomer selectivity and plasma pTau endpoints in early December coincided with gains, reinforcing investor focus on PMN310’s differentiated Alzheimer’s strategy, to which today’s enrollment milestone directly relates.

Regulatory & Risk Context

Active S-3 Shelf
Shelf Active
Active S-3 Shelf Registration 2025-09-04

PMN has an effective Form S-3 shelf filed on 2025-09-04 that remains active through 2028-09-04, with 0 recorded usages to date. This provides a framework for future registered securities offerings if the company chooses to access capital under this shelf.

Market Pulse Summary

The stock moved -5.6% in the session following this news. A negative reaction despite completion of ...
Analysis

The stock moved -5.6% in the session following this news. A negative reaction despite completion of PRECISE-AD enrollment could echo past sensitivity around capital structure and funding, as seen with the reverse split. The news confirms a 144-patient, biomarker-rich design and no treatment-related SAEs so far, but the long wait to Q2 2026 interim and Q4 2026 top-line data may refocus attention on liquidity and the existing S-3 shelf framework rather than near-term catalysts.

Key Terms

phase 1b, randomized, double-blind, placebo-controlled, pharmacokinetics, cerebrospinal fluid, +1 more
5 terms
phase 1b medical
"Large, well-powered Phase 1b study, designed to generate..."
"Phase 1b" is an early stage in testing a new medical treatment or vaccine, where it is given to a small group of people to evaluate its safety and determine the right dose. For investors, this phase signals progress in development, indicating the treatment is advancing through initial safety checks, which can influence expectations for future success and potential market impact.
randomized, double-blind, placebo-controlled medical
"PRECISE-AD is a randomized, double-blind, placebo-controlled study..."
A "randomized, double-blind, placebo-controlled" process is a method used to test the effectiveness of a new treatment or intervention. Participants are randomly assigned to different groups, with one receiving the real treatment and the other a fake version, called a placebo. Neither the participants nor the researchers know who is receiving which, which helps ensure unbiased results. For investors, this rigorous approach increases confidence that the findings are accurate and not influenced by guesswork or bias.
pharmacokinetics medical
"designed to assess the safety, tolerability, pharmacokinetics, biomarker and clinical effects..."
Pharmacokinetics is the study of how a substance, such as a drug or chemical, moves through and is processed by the body over time. It tracks how it is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps gauge the effectiveness, safety, and potential risks of new medications or treatments, which can influence a company’s success and valuation in the healthcare industry.
cerebrospinal fluid medical
"including an evaluation of key plasma and cerebrospinal fluid biomarkers..."
A clear fluid that surrounds and cushions the brain and spinal cord, acting like a protective bath and cleanup system that removes waste and helps circulate nutrients. For investors, cerebrospinal fluid matters because it is a common source of diagnostic markers and a route for delivering or testing neurological drugs; changes in its composition can signal disease or affect a therapy’s development, approval prospects, and market value.
amyloid-beta oligomers medical
"selective for toxic soluble amyloid-beta oligomers, widely believed to be the primary drivers..."
Amyloid-beta oligomers are small, sticky clumps of a protein fragment that can build up in the brain and interfere with how nerve cells communicate, often linked to cognitive decline. They matter to investors because drugs or tests that can reduce, block or detect these clumps are central to many neurological drug development and diagnostic strategies, and progress or setbacks in that area can strongly affect the value and prospects of companies working on related therapies.

AI-generated analysis. Not financial advice.

Large, well-powered Phase 1b study, designed to generate clinically and biologically meaningful insights in early Alzheimer’s disease

Clear and near-term value inflection points, with blinded 6-month interim data expected in Q2 2026 and final unblinded top-line results anticipated in Q4 2026

Cambridge, Massachusetts, Dec. 18, 2025 (GLOBE NEWSWIRE) -- ProMIS Neurosciences Inc. (Nasdaq: PMN), a clinical-stage biotechnology company focused on the generation and development of antibody therapeutics and vaccines targeting toxic misfolded proteins in neurodegenerative diseases, such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and Parkinson’s disease (PD), today announced completion of enrollment of 144 patients in its PRECISE-AD Phase 1b clinical trial, evaluating PMN310, the Company’s lead therapeutic antibody candidate for the treatment of AD.

PRECISE-AD is a randomized, double-blind, placebo-controlled study in patients with mild cognitive impairment or early AD. The 12-month trial was designed to assess the safety, tolerability, pharmacokinetics, biomarker and clinical effects of PMN310, an antibody designed to be uniquely selective for toxic soluble amyloid-beta oligomers, widely believed to be the primary drivers of synaptic dysfunction and neurodegeneration in AD.

To date, PMN310 has demonstrated a favorable safety profile, with limited patient discontinuations and no treatment-related serious adverse events (SAEs) reported during the trial.

The Company remains on track to conduct a blinded 6-month interim analysis in Q2 2026, including an evaluation of key plasma and cerebrospinal fluid biomarkers, followed by final unblinded 12-month top-line analysis expected in Q4 2026.

“This is a major execution milestone for ProMIS and a potentially pivotal moment for the Alzheimer’s field” said Neil Warma, Chief Executive Officer of ProMIS Neurosciences. “Completing enrollment and above our target in a rigorously designed, biomarker-rich study of this scale positions us to potentially confirm, clinically and biologically, for the first time the central role of toxic amyloid-beta oligomers in Alzheimer’s disease. The safety profile we have observed thus far, with no treatment-related SAEs and minimal dropouts, reinforces our belief that PMN310 may offer a fundamentally differentiated approach that has the potential to significantly reduce the ARIA liability that has limited broader use of current therapies. We believe the over-enrollment of PRECISE-AD may reflect strong enthusiasm among both patients and trial physicians for PMN310’s differentiated mechanism and its potential for improved safety, underscoring the importance of the upcoming blinded interim analysis expected in Q2 2026 and final unblinded top-line results expected in Q4 2026.”

About ProMIS Neurosciences Inc.

ProMIS Neurosciences is a clinical-stage biotechnology company committed to the discovery and development of therapeutic antibodies and vaccines selective for toxic oligomers associated with the development and progression of neurodegenerative and other misfolded protein diseases. The Company’s proprietary target discovery engine, EpiSelect™, has been shown to predict novel targets known as Disease Specific Epitopes (DSEs) on the molecular surface of misfolded proteins that cause neurodegenerative and other misfolded protein diseases, including Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS), frontotemporal dementia (FTD), multiple system atrophy (MSA), and Parkinson’s Disease (PD). ProMIS has offices in Cambridge, Massachusetts (USA) and Toronto, Ontario (CAN).

About PMN310 and the PRECISE-AD Trial for Alzheimer’s Disease (AD)

PMN310, the Company’s lead product candidate for the treatment of AD, is a humanized monoclonal antibody designed to selectively target only amyloid-beta toxic oligomers, avoiding plaque, thereby potentially reducing or eliminating amyloid-related imaging abnormalities (ARIA) liability. In addition, because PMN310 may not be limited by off-target binding or side effects, PMN310 could potentially offer an improved efficacy profile over other amyloid-directed antibody therapeutics. PMN310 was granted Fast Track designation by the U.S. Food and Drug Administration in July 2025.

Based on the encouraging results from the Phase 1a trial (NCT06105528) of PMN310, ProMIS initiated PRECISE-AD, a Phase 1b clinical trial in AD patients with targeted enrollment of 128 AD patients. PRECISE-AD (NCT06750432) is a randomized, double-blind, placebo-controlled study to evaluate the safety, tolerability and pharmacokinetics of multiple ascending doses (5, 10, 20 mg/kg) of intravenous PMN310 in patients with Mild Cognitive Impairment due to AD and mild AD (Stage 3 and Stage 4 AD).  PRECISE-AD will be the first study to examine the effects of a monoclonal antibody directed solely against toxic amyloid-beta oligomers on biomarkers associated with AD pathology and clinical outcomes. Safety will be a primary outcome of the study with particular emphasis on assessing whether, as a non-plaque binder, PMN310 may have a reduced risk of ARIA. The study is powered to provide 95% confidence for detection of ARIA. The study has been designed with a sample size intended to provide sufficient power to provide meaningful insight into effects of PMN310 on biomarkers and clinical outcomes. A blinded 6-month interim analysis is expected in Q2 2026 with final top line data expected in Q4 2026.

Forward Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, ‎‎“forward-looking information”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the ‎use of forward-looking terminology such as “plans”, “pleased to”, “look forward to”, “potential to”, “targets”, “expects” or “does not expect”, “is expected”, “excited about”, “an opportunity exists”, ‎‎“is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and ‎phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be ‎achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or ‎circumstances contain forward-looking information. Specifically, this news release contains forward-looking information relating to the Company’s progress and expectations for  its Phase 1b clinical trial in AD patients, including the number of participants enrolled, planned timing for completion and anticipated data readout of interim and full results in the second and fourth quarters of 2026, respectively, the potential for such studies to provide the first proof-of-concept data for PMN310, the potential for PMN310 to positively benefit patients with AD and to be a more effective and well-tolerated option, the targeting of toxic misfolded proteins in neurodegenerative diseases that the Company believes may directly address fundamental AD pathology (including the belief and understanding that toxic amyloid-beta oligomers are a major driver of AD) and have greater therapeutic potential due to reduction of off-target activity. Statements containing forward-looking information are not historical facts but instead represent management's current ‎expectations, estimates and projections regarding the future of our business, future plans, strategies, projections, anticipated events ‎and trends, the economy and other future conditions. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to ‎known and unknown risks, uncertainties and assumptions and other factors that may cause the actual results, level of activity, ‎performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, the risk that interim or early clinical data or other early preclinical data may not be indicative of future results from ongoing and planned clinical trials, the Company’s ability to fund its operations and continue as a going concern, its accumulated deficit and the expectation for continued losses and future financial results. Important factors that could cause actual results to differ materially from those indicated in the forward-looking information include, among others, the factors discussed throughout the “Risk Factors” section of the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2024 and in its subsequent filings filed with the United States Securities and Exchange Commission. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

For further information:

Visit us at www.promisneurosciences.com

Please submit media inquiries to info@promisneurosciences.com

For Investor Relations, please contact:
Kaytee Bock Zafereo
katherine.bock@promisneurosciences.com


FAQ

How many patients were enrolled in ProMIS PRECISE-AD (NASDAQ: PMN)?

The PRECISE-AD Phase 1b trial enrolled 144 patients, exceeding its target.

What safety results has PMN310 shown in the PRECISE-AD trial?

PMN310 has shown a favorable safety profile with limited dropouts and no treatment-related SAEs reported to date.

When will ProMIS report interim and top-line results for PMN310 (PMN)?

A blinded 6-month interim analysis is expected in Q2 2026, and final unblinded top-line results are expected in Q4 2026.

What endpoints does the PRECISE-AD Phase 1b study of PMN310 evaluate?

The 12-month randomized, double-blind study evaluates safety, tolerability, pharmacokinetics, biomarkers, and clinical effects in early AD.

Does the PRECISE-AD press release report PMN310 efficacy data for PMN?

No; the release reports completed enrollment and safety observations but does not report efficacy or cognitive outcome data.
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