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Silexion Therapeutics Announces Submission of Phase 2/3 Clinical Trial Application to Israel for SIL204 in Locally Advanced Pancreatic Cancer

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(Moderate)
Rhea-AI Sentiment
(Positive)

Silexion Therapeutics (NASDAQ:SLXN) submitted a Phase 2/3 clinical trial application in Israel for SIL204 in locally advanced pancreatic cancer, targeting a trial start in Q2 2026. The filing follows positive Scientific Advice from the German regulator (BfArM), two species toxicology studies showing no systemic organ toxicity, and preclinical data reporting up to 99.7% cancer cell inhibition across multiple KRAS mutations. Silexion plans additional regulatory submissions in Germany and the EU in Q1 2026, with U.S. site expansion expected after completion of the safety run-in. The Israeli portion is being prepared in collaboration with Sheba Medical Center, subject to approvals.

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Positive

  • Regulatory submission initiated in Israel for Phase 2/3
  • Preclinical inhibition up to 99.7% across KRAS mutations
  • Two species toxicology studies showed no systemic organ toxicity
  • Planned trial start targeted for Q2 2026

Negative

  • U.S. clinical expansion contingent on completing the safety run-in
  • Israeli and EU starts still subject to regulatory and ethics approvals

Key Figures

Cancer cell inhibition up to 99.7% Preclinical data for SIL204 across multiple KRAS mutations and cancer types
Phase 2/3 start Q2 2026 Planned initiation of SIL204 Phase 2/3 trial in LAPC
Net loss $7.5 million Nine months ended Sept 30, 2025 (Form 10-Q)
Operating expenses $7.2 million Nine months ended Sept 30, 2025 (Form 10-Q)
Cash and equivalents $9.243 million Balance as of Sept 30, 2025 (Form 10-Q)
ATM program size $13.17 million At-the-market facility disclosed in 10-Q
Effective S-3 shelf $100 million Shelf capacity disclosed in Form 10-Q

Market Reality Check

$2.58 Last Close
Volume Volume 60,399 is in line with the 61,856 20-day average (relative volume 0.98). normal
Technical Shares at $2.58 are trading below the $9.61 200-day moving average, reflecting a weak longer-term trend.

Peers on Argus 1 Up

Peers show mixed moves: GLTO up 2.66%, QLGN up 7.72%, while BDRX, DRMA, and ENTO are down between 5–13%. No broad sector pattern clearly explains SLXN’s -8.19% move.

Historical Context

Date Event Sentiment Move Catalyst
Dec 02 Trial design feedback Positive -7.6% German authority confirmed core Phase 2/3 design elements for SIL204.
Nov 26 Conference participation Neutral +20.4% Management scheduled presentation at Noble Capital emerging growth conference.
Nov 25 Toxicology results Positive +7.6% Two-species toxicology completed with no systemic organ toxicity for SIL204.
Nov 12 Q3 results update Positive +3.6% Q3 financing boosted cash and confirmed Phase 2/3 timeline and Nasdaq compliance.
Sep 30 Preclinical efficacy data Positive +0.3% Pan-KRAS preclinical data showed up to 99.7% inhibition across multiple cancers.
Pattern Detected

Clinical and operational updates have more often led to positive share reactions, with one notable selloff on otherwise constructive regulatory feedback.

Recent Company History

Over the last six months, Silexion has repeatedly advanced SIL204 toward a Phase 2/3 trial. New preclinical data with up to 99.7% inhibition, CRO selection, and toxicology completion supported plans for regulatory submissions in Israel in Q4 2025 and Germany/EU in Q1 2026. German authority feedback on trial design on Dec 2 was positive but coincided with a -7.61% move. Today’s Israel submission follows this roadmap, marking progression from planning and preclinical work toward first-in-human studies targeted for Q2 2026.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-10-31
$4.9 million registered capacity

An effective resale registration covers existing and underlying securities, with the company only receiving up to $4.9 million if specified registered warrants are exercised for cash. This can add potential selling pressure from securityholders, while warrant exercises could provide limited additional capital.

Market Pulse Summary

This announcement marks Silexion’s transition from preclinical work to a planned Phase 2/3 trial for SIL204 in locally advanced pancreatic cancer, supported by toxicology studies showing no systemic organ toxicity and preclinical data with up to 99.7% cancer cell inhibition. It follows earlier German regulatory feedback and keeps the company on its stated Q2 2026 initiation timeline. Investors may watch for additional filings, financing actions, and updates on site activation and patient enrollment as key future catalysts.

Key Terms

siRNA medical
"SIL204 is Silexion's next-generation siRNA therapy designed to silence mutated KRAS"
Small interfering RNA (siRNA) is a short strand of genetic material that binds to and destroys the messenger RNA that carries instructions for making a specific protein, effectively switching that gene off. Investors care because siRNA is a platform for precise medicines: successful trials or approvals can create high-value drugs, while delivery challenges, manufacturing complexity, patent positions and regulatory risk can sharply affect a biotech company's prospects.
kras medical
"silence mutated KRAS oncogenes - the most common oncogenic driver in human cancers"
KRAS is a gene that makes a protein acting like a switch to control cell growth; certain changes (mutations) can lock that switch on and drive uncontrolled cell multiplication, which is a common cause of many cancers. Investors care because drugs or tests targeting KRAS mutations can create large markets or avoidable risks depending on trial results and regulatory decisions, much like a key product feature deciding a gadget’s commercial success.

AI-generated analysis. Not financial advice.

Regulatory submission marks a significant milestone as the Company advances toward Phase 2/3 trial initiation in Q2 2026 at full speed

Application follows recent successful toxicology studies, positive German regulatory feedback, and strong preclinical data demonstrating up to 99.7% cancer cell inhibition

Regulatory filings in Germany and the EU are planned for Q1 2026, with U.S. expansion anticipated following the safety run-in

Grand Cayman, Cayman Islands, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Silexion Therapeutics, a clinical-stage biotechnology company advancing RNA-based therapies for oncology, today announced the initiation of its regulatory application in Israel for its planned Phase 2/3 clinical trial of SIL204 in patients with locally advanced pancreatic cancer (LAPC), based on the positive Scientific Advice response received from the German Federal Institute for Drugs and Medical Devices (BfArM).

The submission represents a key regulatory milestone in the Company's clinical development program and advances Silexion toward initiating human trials with SIL204, which are planned for the second quarter of 2026. The application is further supported by two recently completed species toxicology studies confirming no systemic organ toxicity. Silexion plans to file regulatory applications in Germany and the European Union in the first quarter of 2026, with expansion to U.S. clinical sites anticipated following completion of the safety run-in in Israel and Germany.

The submissions in Israel are being conducted in collaboration with Sheba Medical Center, ranked among the top ten hospitals worldwide by Newsweek1, where the Company plans to conduct the Israeli portion of its planned Phase 2/3 clinical trial, subject to applicable regulatory and ethics approvals.

Ilan Hadar, Chairman and Chief Executive Officer of Silexion, commented: "The submission of the regulatory request to initiate the human studies in Israel with Sheba Medical Center represents an important moment for Silexion and marks what we see as the transition of SIL204 from preclinical development into advanced clinical trials. With preclinical data having previously demonstrated up to 99.7% inhibition across multiple KRAS mutations and cancer types, positive response feedback from German authorities, and a completed safety package, we believe SIL204 is well-positioned to address the critical unmet need in locally advanced pancreatic cancer - a disease with limited treatment options and poor survival outcomes. This submission marks our final milestone for 2025, and I am proud of our team's exceptional execution throughout this transformative year. We look forward to initiating the Phase 2/3 trial in the second quarter of 2026."

SIL204 is Silexion's next-generation siRNA therapy designed to silence mutated KRAS oncogenes - the most common oncogenic driver in human cancers - before cancer-driving proteins are expressed. The planned Phase 2/3 trial will evaluate the Company's innovative dual-route administration strategy, combining intratumoral delivery to target primary tumors with systemic administration to address metastatic disease.

About Silexion Therapeutics
Silexion Therapeutics is a pioneering clinical stage, oncology-focused biotechnology company dedicated to the development of innovative treatments for unsatisfactorily treated solid tumor cancers which have the mutated KRAS oncogene, generally considered to be the most common oncogenic gene driver in human cancers. The Company conducted a Phase 2a clinical trial in its first-generation product which showed a positive trend in comparison to the control of chemotherapy alone. Silexion is committed to pushing the boundaries of therapeutic advancements in the field of oncology, and further developing its lead product candidate for locally advanced pancreatic cancer. For more information please visit: https://silexion.com

Notice Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this communication, including statements regarding the initiation, progress, and timing of regulatory submission processes in Israel, Germany, and the European Union; the planned initiation and conduct of the Phase 2/3 clinical trial of SIL204 in the second quarter of 2026; the planned expansion of clinical development to additional jurisdictions following completion of a safety run-in; and the potential therapeutic profile and clinical utility of SIL204 based on preclinical data, are forward-looking statements. These forward-looking statements are generally identified by terminology such as "may", "should", "could", "might", "plan", "possible", "project", "strive", "budget", "forecast", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. Forward-looking statements involve a number of risks, uncertainties, and assumptions, and actual results or events may differ materially from those projected or implied in those statements. Important factors that could cause such differences include, but are not limited to: (i) Silexion's ability to successfully complete preclinical studies and initiate clinical trials; (ii) Silexion's strategy, future operations, financial position, projected costs, prospects, and plans; (iii) the impact of the regulatory environment and compliance complexities; (iv) expectations regarding future partnerships or other relationships with third parties; (v) Silexion's future capital requirements and sources and uses of cash, including its ability to obtain additional capital; (vi) Silexion's ability to maintain its Nasdaq listing; and (vii) other risks and uncertainties set forth in the documents filed by the Company with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 18, 2025. Silexion cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth herein speak only as of the date they are made. Silexion undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as otherwise required by law.

Company Contact:
Silexion Therapeutics Corp
Ms. Mirit Horenshtein Hadar, CFO
mirit@silexion.com

Investor Contact:
Arx Investor Relations
North American Equities Desk
silexion@arxhq.com



1 https://www.shebaonline.org/sheba-ranks-8-on-newsweeks-best-hospitals-list/


FAQ

What did Silexion (SLXN) file in Israel on December 16, 2025?

Silexion submitted a Phase 2/3 clinical trial application for SIL204 in locally advanced pancreatic cancer.

When does Silexion expect to begin the SIL204 Phase 2/3 trial (SLXN)?

The company plans to initiate the Phase 2/3 trial in Q2 2026, subject to approvals.

What preclinical and safety data support SLXN's SIL204 submission?

Preclinical data showed up to 99.7% cancer cell inhibition and two species toxicology studies reported no systemic organ toxicity.

Where will Silexion run the Israeli portion of the SIL204 trial (SLXN)?

The Israeli portion is planned in collaboration with Sheba Medical Center, pending regulatory and ethics approvals.

What are Silexion's next regulatory steps for SIL204 (SLXN)?

The company plans filings in Germany and the EU in Q1 2026, with U.S. expansion after the safety run-in.
Silexion Therapeutics Corp

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Biotechnology
Biological Products, (no Disgnostic Substances)
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