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Rein Therapeutics Doses First Patient in Phase 2 Trial of LTI-03 for Idiopathic Pulmonary Fibrosis

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Rein Therapeutics (NASDAQ:RNTX) has dosed the first patient in a randomized, double-blind, placebo-controlled Phase 2 trial of LTI-03 for idiopathic pulmonary fibrosis (IPF) after the FDA cleared the company to resume the program.

The trial will enroll ~120 patients across placebo, low and high dose groups in five countries, expects enrollment through mid-2027, and anticipates interim data in H2 2026. Initial activity is at five U.S. sites with planned expansion up to 50 sites.

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Positive

  • FDA cleared resumption of the Phase 2 program
  • First patient dosed in Phase 2 study
  • Phase 2 randomized, placebo-controlled design with ~120 patients
  • Interim data expected in H2 2026

Negative

  • Enrollment expected through mid-2027, extending development timeline
  • Trial currently active at only five U.S. sites

Key Figures

Planned enrollment: 120 patients Countries in trial: 5 countries Planned trial sites: 50 sites +5 more
8 metrics
Planned enrollment 120 patients Phase 2 LTI-03 IPF trial, placebo, low and high dose arms
Countries in trial 5 countries Phase 2 LTI-03 study sites across five countries
Planned trial sites 50 sites RENEW Phase 2 trial expansion target as enrollment progresses
IPF prevalence US 100,000 people Idiopathic pulmonary fibrosis cases in the United States each year
Q3 2025 net loss $5.581M Quarter ended September 30, 2025
Nine‑month net loss $17.904M Nine months ended September 30, 2025
Cash balance $4.048M Cash and cash equivalents as of September 30, 2025
Shares outstanding 26,286,382 Common shares outstanding as of November 10, 2025

Market Reality Check

Price: $1.19 Vol: Volume 112,185 is 1.23x t...
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$1.19 Last Close
Volume Volume 112,185 is 1.23x the 20-day average of 91,009 shares. normal
Technical Price $1.19 trades below 200-day MA of $1.39 and is 50.42% under the 52-week high.

Peers on Argus

Biotech peers show mixed moves: AKTX up 3.65%, KZR up 6.16%, TENX down 2.35%, wh...
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Biotech peers show mixed moves: AKTX up 3.65%, KZR up 6.16%, TENX down 2.35%, while NEUP is flat. Momentum data also shows AKTX up and RLYB down, indicating stock-specific rather than broad sector-driven action.

Previous Clinical trial Reports

5 past events · Latest: Jan 20 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 20 Orphan designation Positive -0.8% EU orphan drug designation for LTI-03 in idiopathic pulmonary fibrosis.
Oct 09 EMA trial approval Positive -1.4% EMA authorization to start global Phase 2 RENEW trial sites in Europe.
Aug 19 U.K. trial approval Positive -2.6% MHRA approval to begin Phase 2 RENEW trial for LTI-03 in IPF.
May 27 First patient dosed Positive -2.4% First patient dosed in RENEW Phase 2 trial evaluating LTI-03 in IPF.
May 12 Phase 2 initiation Positive +2.3% Initiation of RENEW Phase 2 trial of LTI-03 in IPF patients.
Pattern Detected

Clinical trial headlines for LTI-03 have mostly seen modest negative price reactions despite positive regulatory and development milestones, with only one of five same-tag events showing a positive move.

Recent Company History

Over the past year, Rein’s key news flow has centered on advancing LTI-03 for IPF. Multiple regulators, including the U.K. MHRA and EMA, cleared the Phase 2 RENEW trial, targeting 120 patients with endpoints focused on safety, FVC, and imaging. The company then reported orphan drug designation in the EU, reinforcing the program’s significance. Historically, these clinical trial milestones produced average same-tag moves of about -1.02%, indicating muted or negative immediate reactions despite constructive progress.

Historical Comparison

-1.0% avg move · Clinical trial updates for LTI-03 have produced average same-tag moves of -1.02%, suggesting histori...
clinical trial
-1.0%
Average Historical Move clinical trial

Clinical trial updates for LTI-03 have produced average same-tag moves of -1.02%, suggesting historically muted or slightly negative reactions to similar development milestones.

Clinical news shows steady progression: from trial initiation and first-patient dosing through multi-region regulatory approvals and orphan designation, building a consistent Phase 2 development path for LTI-03 in IPF.

Market Pulse Summary

This announcement advances Rein’s LTI-03 program with a randomized, placebo-controlled Phase 2 trial...
Analysis

This announcement advances Rein’s LTI-03 program with a randomized, placebo-controlled Phase 2 trial in 120 IPF patients across five countries, tracking lung function via measures such as FVC. It follows earlier approvals and orphan designation, where same-tag clinical updates averaged moves near -1.02%. Investors may monitor enrollment progress, interim data expected in the second half of 2026, and the company’s ability to support development given a Q3 2025 net loss of $5.581M and cash of $4.048M.

Key Terms

idiopathic pulmonary fibrosis, forced vital capacity (FVC)
2 terms
idiopathic pulmonary fibrosis medical
"evaluating LTI-03 for idiopathic pulmonary fibrosis (IPF), a progressive and fatal lung disease"
Idiopathic pulmonary fibrosis is a chronic lung disease in which the air‑carrying tissue becomes progressively thickened and scarred for no identifiable reason, making the lungs stiff and less able to move oxygen—similar to a sponge that hardens and loses its pores. It matters to investors because it is life‑limiting with limited effective treatments, so clinical trial outcomes, regulatory approvals, pricing and reimbursement decisions can strongly affect the commercial value of therapies and the financial prospects of companies developing treatments.
forced vital capacity (FVC) medical
"changes in lung function, including forced vital capacity (FVC), a key tool in the measurement"
Forced vital capacity (FVC) is the total amount of air a person can forcefully exhale after taking the deepest breath possible, measured during a simple breathing test. Investors care because changes in FVC are a common, straightforward measure used in clinical trials and regulatory evaluations for respiratory drugs and devices, acting like a yardstick that shows whether a treatment is improving lung capacity or slowing disease progression.

AI-generated analysis. Not financial advice.

Randomized, placebo-controlled study to evaluate safety, tolerability, and potential for positive impact on lung function

AUSTIN, Texas, March 03, 2026 (GLOBE NEWSWIRE) -- Rein Therapeutics ("Rein") (NASDAQ: RNTX), a biopharmaceutical company advancing a novel pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications, announced that it has dosed the first patient in its Phase 2 clinical trial evaluating LTI-03 for idiopathic pulmonary fibrosis (IPF), a progressive and fatal lung disease with limited treatment options.

This milestone follows the FDA’s recent clearance to resume the Phase 2 program and reflects Rein’s successful efforts to address the Agency’s requests and advance the trial. The Phase 2 study is a randomized, double-blind, placebo-controlled trial designed to evaluate the safety, tolerability, and impact to lung function and structure of LTI-03, an inhaled therapy intended to regulate multiple fibrosis pathways and preserve lung function.

The study will enroll approximately 120 patients across placebo, low dose, and high dose groups at clinical sites in five countries. In addition to safety and tolerability, the trial will closely monitor changes in lung function, including forced vital capacity (FVC), a key tool in the measurement of respiratory health in patients with IPF.

Rein expects to enroll patients through mid-2027, with interim data anticipated in the second half of 2026.

Brian Windsor, Ph.D., Chief Executive Officer of Rein Therapeutics, commented, “Dosing the first patient in this Phase 2 trial marks an important step forward for Rein and, more importantly, for patients living with IPF. Current therapies offer limited benefit and often come with significant side effects. Our goal with LTI-03 is to go beyond slowing disease progression and help preserve lung function by addressing the underlying biology of fibrosis. This milestone reflects our team’s focus on execution and brings us closer to understanding the potential impact of LTI-03 for patients.”

The trial is currently active at five clinical sites in the United States, with more sites expected to open in the coming months. Rein plans to expand to up to 50 sites as enrollment progresses.

Idiopathic pulmonary fibrosis affects approximately 100,000 people in the United States each year and is characterized by scarring of lung tissue, leading to progressive loss of lung function and a median survival of three to five years from diagnosis.

LTI-03 is designed to mimic the activity of Caveolin-1, a cell associated protein that plays a role in regulating normal tissue function and repair. By modulating multiple fibrotic pathways and supporting the health of alveolar epithelial progenitor cells, LTI-03 aims to address the underlying drivers of fibrosis rather than targeting a single pathway.

About Rein Therapeutics

Rein Therapeutics is a clinical-stage biopharmaceutical company advancing a novel pipeline of first-in-class therapies to address significant unmet medical needs in orphan pulmonary and fibrosis indications. Rein's lead product candidate, LTI-03, is a novel, synthetic peptide with a dual mechanism targeting alveolar epithelial cell survival as well as inhibition of profibrotic signaling. LTI-03 has received Orphan Drug Designation in the U.S. Rein's second product candidate, LTI-01, is a proenzyme that has completed Phase 1b and Phase 2a clinical trials for the treatment of loculated pleural effusions. LTI-01 has received Orphan Drug Designation in the U.S. and E.U. and Fast Track Designation in the U.S.

Forward-Looking Statements

This press release may contain forward-looking statements of Rein Therapeutics, Inc. ("Rein", the "Company", "we", "our" or "us") within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to expectations for the Company’s LTI-03 product candidate. We use words such as "anticipate," "believe," "estimate," "expect," "hope," "intend," "may," "plan," "predict," "project," "target," "potential," "would," "can," "could," "should," "continue," and other words and terms of similar meaning to help identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: (i) the risk that the Company may not be able to successfully undertake the planned Phase 2 clinical trials of LTI-03; (ii) the data derived from our Phase 2 clinical trials of LTI-03 may not support or validate our expectations concerning the potential benefits of LTI-03; (iii) success in early phases of pre-clinical and clinical trials do not ensure later clinical trials will be successful; (iv) the risk that the Company may not be able to obtain additional working capital with which to complete the planned clinical trials of LTI-03; and (v) those other risks disclosed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the United States Securities and Exchange Commission (the "SEC") and in subsequent filings that the Company files with the SEC. These forward-looking statements should not be relied upon as representing the Company's view as of any date after the date of this press release, and we expressly disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Rein Investor Relations & Media Contact:

Investor Relations

IR@ReinTx.com 


FAQ

What milestone did Rein Therapeutics (RNTX) announce on March 3, 2026?

Rein dosed the first patient in its Phase 2 trial of LTI-03 for IPF, marking trial restart. According to the company, FDA clearance to resume the program enabled dosing and trial reactivation across planned sites.

How many patients will Rein Therapeutics (RNTX) enroll in the LTI-03 Phase 2 trial?

The study plans to enroll approximately 120 patients across placebo, low and high dose arms. According to the company, enrollment will occur across sites in five countries with expansion up to 50 sites.

When does Rein Therapeutics (RNTX) expect interim data from the LTI-03 Phase 2 trial?

Interim data are anticipated in the second half of 2026, providing an early look at safety and lung function signals. According to the company, final enrollment is expected through mid-2027.

What endpoints will Rein Therapeutics (RNTX) monitor in the LTI-03 Phase 2 trial?

The trial will evaluate safety, tolerability, and changes in lung function and structure, including forced vital capacity (FVC). According to the company, FVC is a key measure of respiratory health in IPF patients.

Where is Rein Therapeutics (RNTX) currently running the LTI-03 Phase 2 trial?

The trial is active at five clinical sites in the United States with additional sites expected to open. According to the company, the program plans expansion to up to 50 sites as enrollment progresses.

How does LTI-03 aim to treat idiopathic pulmonary fibrosis in the RNTX Phase 2 trial?

LTI-03 is an inhaled therapy designed to mimic Caveolin-1 activity and modulate multiple fibrotic pathways. According to the company, the approach aims to preserve lung function by addressing underlying drivers of fibrosis.
Rein Therapeutics, Inc.

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