Aclaris (NASDAQ: ACRS) touts ATI-052 data, targets lichen planus with ATI-2138
Rhea-AI Filing Summary
Aclaris Therapeutics announced positive full top line results from a first‑in‑human Phase 1a trial of ATI‑052, a bispecific antibody targeting TSLP and IL‑4Rα. The study in healthy volunteers tested single doses up to 720 mg and multiple weekly doses up to 480 mg and showed a favorable safety, pharmacokinetic, and pharmacodynamic profile with an estimated half‑life of about 45 days, supporting the potential for dosing as infrequently as every three months.
The company is enrolling Phase 1b proof‑of‑concept trials of ATI‑052 in asthma and atopic dermatitis, with top line data planned for the second half of 2026 and a Phase 2b asthma program expected to start in the fourth quarter of 2026. Aclaris also selected lichen planus (LP) as the lead indication for its oral ITK/JAK3 inhibitor ATI‑2138 and plans a multi‑part Phase 2b basket trial in LP subtypes beginning in the second half of 2026, citing a potential U.S. market opportunity above $1.0 billion and up to $4.0 billion.
Positive
- ATI‑052 shows favorable Phase 1a results with long half‑life, supporting extended dosing intervals of up to every three months and enabling advancement into multiple proof‑of‑concept and planned Phase 2b asthma studies.
- ATI‑2138 is being advanced into a Phase 2b basket study in lichen planus, targeting several high‑need subtypes in an indication where Aclaris estimates a U.S. oral therapy opportunity above $1.0 billion and up to $4.0 billion.
Negative
- None.
Insights
Successful early ATI‑052 data and a focused ATI‑2138 plan expand Aclaris’ inflammatory disease pipeline.
Aclaris Therapeutics reported that its bispecific antibody ATI‑052 met internal targets in a Phase 1a healthy volunteer study, with dose‑proportional pharmacokinetics and an estimated ~45-day half‑life. This supports infrequent dosing, which can be attractive in chronic inflammatory conditions.
The company is already running Phase 1b proof‑of‑concept trials in asthma and atopic dermatitis and aims to start a Phase 2b asthma program in Q4 2026. In parallel, it is positioning oral ITK/JAK3 inhibitor ATI‑2138 for lichen planus via a Phase 2b basket design, addressing erosive mucosal, cutaneous, and lichen planopilaris subtypes.
Aclaris cites a potential U.S. LP market exceeding $1.0 billion and possibly up to $4.0 billion. While these are early‑stage assets and outcomes depend on future trial results, the disclosed plans and data represent a strategically important broadening of the company’s immuno‑inflammatory portfolio.
8-K Event Classification
Key Figures
Key Terms
bispecific antibody medical
Phase 1a single (SAD) and multiple ascending dose (MAD) trial medical
Th2-driven diseases medical
basket study medical
ITK/JAK3 inhibitor medical
interface dermatitis medical
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Item 7.01 Regulation FD Disclosure.
On April 28, 2026, Aclaris Therapeutics, Inc. (the “Company”) will hold a conference call to discuss the positive full top line results from the first-in-human Phase 1a single (SAD) and multiple ascending dose (MAD) trial of its anti-TSLP/IL-4Rα bispecific antibody ATI-052 and the selection of lichen planus (LP) as the lead indication for its selective ITK/JAK3 inhibitor ATI-2138 (the “ATI-052 Results & ATI-2138 Trial”). A copy of the presentation that will accompany the conference call is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information in this Item 7.01 and Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any of the Company’s filings under the Securities Act of 1933, as amended, or under the Exchange Act, whether made before or after the date hereof, regardless of any incorporation language in such a filing, except as expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On April 28, 2026, the Company issued a press release announcing the ATI-052 Results & ATI-2138 Trial. A copy of this press release is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
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Number | Exhibit Description | |
99.1 | Company Presentation, dated April 28, 2026. | |
99.2 | Press Release, dated April 28, 2026. | |
104 | The cover page from Aclaris Therapeutics, Inc.’s Form 8-K filed on April 28, 2026, formatted in Inline XBRL. |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ACLARIS THERAPEUTICS, INC. | ||
By: | /s/ Kevin Balthaser | |
Date: April 28, 2026 | Kevin Balthaser | |
Chief Financial Officer |
3
Exhibit 99.1
| Clinical Pipeline Update: ATI-052: Full SAD MAD Results ATI-2138: Potential Mechanistically Complete Therapy for Lichen Planus April 28, 2026 |
| 2 Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “potential,” “will,” and similar expressions, and are based on Aclaris’ current beliefs and expectations. These forward-looking statements include expectations regarding its development plans for ATI-052 and ATI-2138, including the timing to report results from its Phase 1b trials of ATI-052 in asthma and atopic dermatitis, the timing to initiate a Phase 2b trial of ATI-052 in asthma, and the timing and plans to initiate a Phase 2b basket study of ATI-2138 in LP, the therapeutic potential for ATI-052 and ATI-2138, including the potential for ATI-052 to be best-in-class, and the potential for ATI-052 to support dosing of up to three months, and the potential for ATI-052 to treat atopic, immunologic, and respiratory diseases and ATI-2138 to treat atopic and autoimmune diseases. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. Risks and uncertainties that may cause actual results to differ materially include uncertainties inherent in the conduct of clinical trials, Aclaris’ reliance on third parties over which it may not always have full control, Aclaris’ ability to enter into strategic partnerships on commercially reasonable terms, the uncertainty regarding the macroeconomic environment and other risks and uncertainties that are described in the “Risk Factors” section of Aclaris’ Annual Report on Form 10-K for the year ended December 31, 2025, and other filings Aclaris makes with the U.S. Securities and Exchange Commission (the “SEC”) from time to time. These documents are available under the “SEC Filings” page of the “Investors” section of Aclaris’ website at www.aclaristx.com. Any forward-looking statements speak only as of the date of this press release and are based on information available to Aclaris as of the date of this release, and Aclaris assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise. Tradenames, trademarks and service marks of other companies appearing in this presentation are the property of their respective owners. This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and other data about our industry. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. All future development, clinical, and regulatory timelines are expectations, are based on current beliefs and assumptions, and are subject to change based on a variety of factors. Disclaimer and Cautionary Note Regarding Forward-Looking Statements |
| Addressing Significant Markets Th2 Driven Indications 3 Sources: Eczema stats: National Eczema Association (accessed 07/31/25); Precedence Research; Forbes Business Insights; American Medical Association; American Lung Association; Global Initiative for Asthma; World Health Organization; The Centers for Disease Control and Prevention (CDC); Business Research Company; peer research; Delveinsight; Cowen Categories Outlook 2024 0 5 10 15 20 25 30 35 40 45 Purigo nodularis Chronis spontaneous urticaria Eosinophilic esophagitis COPD Asthma Atopic dermatitis Total Addressable Market (TAM) Global, 2028-2034 ($ billion) Significant opportunity for new innovative biologics targeting indications with heterogeneous subtypes |
| Opportunity to Redefine the Standard in Th2 Disease • ATI-052: Harnesses the power of TSLP and IL-4R inhibition to create a potential best-in-class bispecific • Tezepelumab and Dupilumab drive multibillion dollar annual revenues across numerous indications • Combining mechanisms has the potential to better address the unmet needs across approved indications • Potential opportunities for ATI-052 • Potential first line therapy • Raise efficacy ceiling • Inhibition upstream and downstream of Th2 cascade • Faster onset, better symptom control, durable, deeper, and more consistent effect • Better address breadth of inflammatory mediators involved in Th2 diseases • Improved convenience and practical dosing schedule • Potential Q3 month dosing 4 |
| ATI-052: Potential Best-in-Class Bispecific mAb Effective Dual Binding of TSLP and IL-4Rα ATI-052 CH2 CH3 CH2 CH3 5 Same anti-TSLP antibody binding regions of Bosakitug, designed to inhibit TSLP upstream of the Th2 cascade • Retains dissociation kinetics, residence time, and potency advantages of bosakitug over comparator antibodies Designed to inhibit immune cells downstream of the Th2 cascade Anti-TSLP Fab Anti-IL4Rα scFV Fc engineered to bind more tightly to FcRn, potentially extending half-life YTE Mutation Fc mutation limits effector functionality, potentially reducing off-target binding and potential toxicity AQQ Mutation |
| Dissociation of TSLP from mAbs (TR-FRET) 0 1000 2000 3000 4000 0.0 0.5 1.0 Time (min) Fractional Response (yi/yo ) ATI-045 ATI-052 GSK-5784283 V1 (hu3-13)* GSK-5784283 V2 (hu179-33)* Solrikitug/MK-8226** Tezepelumab** Residence Time (hours) 416 402 14.3 8.11 22.1 3.59 20.7 ATI-052 ATI-045 Tezepelumab** Solrikitug/MK-8226** GSK-5784283 V2 (hu179- 33)* GSK-5784283 V1 (hu3-13)* UPB-101 TSLPR1 (n=2) TSLP (n=3) bosakitug ATI-052 demonstrates very slow dissociation kinetics from TSLP Residence time for ATI-052 is ~30-116x longer than comparator antibodies 6 ATI-052: Longest Residence Time on TSLP Lower Dissociation Rate Drives Longer Residence Time 1. SPR: Residence Time based on apparent kd (dissociation constant) using standard TSLPR immobilization density and bivalent fit; *Analog mAb; **Biosimilar mAb bosakitug ATI-052 ATI-052 |
| Bosakitug Extensively Binds TSLP Binding Interface ATI-052 Has the Same Anti-TSLP Antibody Binding Regions of Bosakitug 7 Only Bosakitug binds all six Light Chain and Heavy Chain CDRs Bosakitug interface uniquely spans from TSLP N-terminal Y29 to C-terminal P154 Tezepelumab Bosakitug (ATI-045) Bosakitug: Extensive Binding Interface Drives Higher Retention Time and Neutralization Duration of TSLP |
| Concurrent Binding of TSLP and sIL-4R to ATI-052 Simultaneous Binding of TSLP and IL-4R 8 a ATI-052 Demonstrates High Affinity to Both Targets Simultaneously: ATI-052 binds ~two molecules of TSLP and sIL-4R with the potential to saturate all 4 binding sites at the same time TSLP:ATI-052 sIL-4Ra:ATI-052 Binding Sequence Stoichiometry* Stoichiometry* ATI-052 capture / sIL-4Ra dose-response n/a 2.25 ATI-052 capture / TSLP load / sIL-4Ra dose-response 1.83 2.10 ATI-052 capture / TSLP dose-response 2.04 n/a ATI-052 capture / sIL-4Ra load / TSLP dose-response 1.83 1.97 * determined using molecular weights based on amino acid sequence, does not account for glycosylated species • ~2 molecules of sIL-4R bound to ATI-052 in the absence (2.25:1) and presence (2.10:1) of TSLP • ~2 molecules of TSLP bound to ATI-052 in the absence (2.04:1) and presence (1.82:1) of sIL-4R |
| Concurrent Binding of TSLP and sIL-4R to ATI-052 High Affinity to Both TSLP and IL-4R 9 a ATI-052 Binds Both Targets Effectively High affinity to either target is not altered by the binding to the other Comparison of Affinity for sIL-4R Binding to ATI-052 or ATI-052:TSLP Complex Comparison of Affinity for TSLP Binding to ATI-052 or ATI-052:sIL-4R Complex Parameter ATI-052 ATI-052:TSLP KD (pM) 348 215 Parameter ATI-052 ATI-052:sIL-4R KD (pM) 41.2 33.9 |
| Comparison of ATI-052 vs Dupilumab + Tezepelumab ATI-052 Demonstrates Greater Potency than the mAb Combination ATI-052 is Substantially More Potent than the Combination of Dupilumab and Tezepelumab mAb Concentration Antibody IC50 (nM) ATI-052 0.016 Dupilumab + Tezepelumab 0.069 Fold change 4.3 10 |
| ATI-052 Placebo Controlled Phase 1a Program 11 Cohort 1 (30mg): SC, N=8 D1-113 Screening Randomization 3:1 Cohort 3 (360mg): SC, N=8 D1-113 Cohort 4 (720mg): SC, N=8 D1-113 Cohort 2 (120mg): SC, N=8 D1-113 Part A Single Ascending Dose (SAD) in Healthy Volunteers (HV) Part B Multiple Ascending Dose (MAD) in Healthy Volunteers Screening Randomization 3:1 D1 D8 D15 D22 D29 D1 D8 D15 D22 D29 D141 D141 Cohort 1 (240mg): SC, N=8 Q7D x 5 Doses Cohort 2 (480mg): SC, N=8 Q7D x 5 Doses Treatment and Follow-up Period Treatment and Follow-up Period |
| 12 Potential Best-in-Class Pharmacokinetic Profile Supports Potential for Up to Every 3-Month Dosing Dose proportional PK observed across pharmacologic dose range PK results provided an estimated half-life of 45 days1 MAD Cohort 1 (240 mg) MAD Cohort 2 (480 mg) SAD Cohort 1 (30 mg) SAD Cohort 2 (120 mg) SAD Cohort 3 (360 mg) SAD Cohort 4 (720mg) 1, Based on accumulation ratio at 240 mg weekly dosing |
| Ex-Vivo Stimulated PD Assay High Hurdle for Complete Inhibition Robust PD activity ex vivo hWB closely reflects the real biological environment in patients with disease by maintaining the complex composition of fluids and cells present in circulation • Assay in human whole blood (hWB) designed to assess the following: o TSLP stimulated CCL17 in whole blood o IL-4 stimulated CCL17 in whole blood • hWB assay sets high biological bar: Assesses inhibition of up to 500-fold more TSLP and IL-4 than endogenous levels hWB Assays 0.0001 0.001 0.01 0.1 1 CCL17 release (% pos ctrl) 0 20 40 60 80 100 120 140 [ATI-052] nM IC50 (nM) ± SEM 0.025 ±0.0042 n 5 S/N 3 IC50 (nM) ± SEM 0.203 ±0.039 n 6 S/N 15 0.5 ng/mL TSLP stimulation—48 hours 2 ng/mL IL-4 stimulation—48 hours 5 ng/ml* 41 ng/ml 0.0001 0.001 0.01 0.1 1 CCL17 release (% pos ctrl - unstim) 0 20 40 60 80 100 [ATI-052] nM *IC50 for the inhibition of TSLP-stimulated CCL17 in whole blood was lower than the Lower Limit Of Quantitation (LLOQ) for the PK analysis of ATI-052 (LLOQ is 25 ng/ml) 13 |
| Potential Best-in-Class Pharmacodynamic Effect of ATI-052 ATI-052 binds both targets effectively with complete inhibition at pharmacologically relevant doses beyond the PK profile Sustained complete inhibition observed for at least three months at 480 mg MAD dose IL-4 Stimulated CCL17 (TARC): 14 Evidence of sustained inhibition of TSLP corroborate long residence time The combination of PK duration and the strong and sustained PD effect support the potential for up to every three-month dosing MAD Cohort 1 (240 mg) MAD Cohort 2 (480 mg) CCL17 Production (% Predose, Mean Weeks ±SEM) Sustained, complete / near complete inhibition observed for at least five months at 240 and 480 mg MAD dose Potential best-in-class residence time and potency TSLP Stimulated CCL17 (TARC): CCL17 Production (% Predose, Mean ±SEM) SAD Cohort 1 (30 mg) SAD Cohort 2 (120 mg) SAD Cohort 3 (360 mg) SAD Cohort 4 (720mg) Placebo Weeks Note: No samples taken at weeks 8, 10, 14 and 18 |
| 15 Exceptional Pharmacodynamic Response Robust Target Engagement + Sustained Complete Inhibition in MAD Cohorts ATI-052 exhibited a potential best-in-class PD profile: • Dose and concentration dependent inhibition of IL-4 and TSLP-stimulated CCL17 (TARC) release observed across all SAD and MAD cohorts • Near complete inhibition of TSLP stimulated CCL17 observed for at least 5 months in 240 mg MAD Cohort • Complete inhibition of TSLP stimulated CCL17 observed for at least 5 months in 480 mg MAD Cohort • 480 mg MAD Cohort results demonstrated complete and sustained inhibition of IL-4 stimulated CCL17 for at least three months • PK/PD package support the potential to raise the efficacy ceiling and an extended dosing schedule of up to every three months Observed inhibitory results further validate the potency of ATI-052 |
| 16 Favorable Tolerability and Safety Profile of ATI-052 Update Provides Confidence in Continued Development • Low rate of drug related treatment emergent adverse events; predominantly Grade 1 • No SAEs; no adverse events led to study discontinuation • No Grade 3 drug-related TEAEs • No conjunctivitis Full results confirm strong safety profile observed at interim analysis Favorable tolerability and safety profile demonstrated across all ATI-052 SAD and MAD cohorts |
| 17 Screening/ Washout Randomization 3:1 Active to Placebo Primary Endpoint Safety and tolerability Phase 1b POC Trial in Atopic Dermatitis Enrollment and Dosing Ongoing 12 AD Patients EASI >21 Placebo Q1wk (five doses) ATI-052 Q1wk (five doses, 480 mg) 12-week follow-up Day 57 Top Line Readout Other Endpoints AD clinical efficacy assessments (EASI, BSA, IGA, PP-NRS) PD endpoints measured by assays including lesional and non-lesional skin tape strips Patient Screening Central photography to confirm diagnosis and extent of disease |
| 18 Placebo (single dose) ATI-052 (single dose, 480 mg) Screening/ Washout Six-week follow-up Randomization 3:1 Active to Placebo Day 29 Top Line Readout Primary Endpoint Safety and tolerability Phase 1b POC Trial in Asthma Enrollment and Dosing Ongoing 16 Patients GINA steps 2-4 prior Other endpoints Key Clinical Efficacy Assessment Emphasis on PD assessments: FeNO, FEV1, Blood Eos, TARC (CCL17), Periostin, IGE, Cytokines (IL-4,IL-5,IL-13) Patient Selection Adult asthmatics on GINA steps 2-4 treatment prior to screening; excluding prior biologics Type 2 asthma with active inflammation: FeNO baseline ≥ 25-35 ppb, Blood Eos ≥ 150 |
| ATI-052: Next Steps Positive SAD/MAD Results Validate ATI-052; Clinical Program Rapidly Advancing 19 Ongoing / Next Steps • Phase 1b Asthma and AD POC trials ongoing; dosing underway • Phase 1b top line POC results: 2H 2026 • Initiate Phase 2b program (initial target = asthma): 4Q 2026 Phase 1 HV: SAD/MAD Phase 1b POC Atopic dermatitis Phase 1b POC Asthma Dosing ongoing Complete Dosing ongoing Initiation 4Q 2026 Phase 2b program Asthma Atopic dermatitis Potential Phase 2b Targets (other non-dermatology) COPD EOE Potential Phase 2b Targets (dermatology) Prurigo Nodularis (PN) Chronic Spontaneous Urticaria (CSU) All future development, clinical, and regulatory timelines are expectations, are based on current beliefs and assumptions, and are subject to change based on a variety of factors |
| Clinical Pipeline Update: ATI-2138: Potential Mechanistically Complete Therapy for Lichen Planus |
| 21 Mechanistically well matched JAK3 and cyclosporin provide POC Important unmet medical need: White space opportunity Significant market size and revenue potential Potential for cost-effective clinical trial design Regulatory pathways may allow for expedited review ATI-2138: The Lichen Planus Opportunity Lichen planus |
| Typical symptoms are debilitating Include pain, sores, severe itch, scales/plaques, hair loss, fatigue Multiple impactful clinical subtypes Most common are erosive mucosal (oral), cutaneous, and lichen planopilaris Affects quality of life Anxiety, depression; impact from chronic pain and severe itch Clinically concerning Malignant potential in oral lichen planus 22 Lichen Planus An Unaddressed Chronic, Inflammatory, Immune-Mediated Disorder Lichen Planus Prevalence suggests large opportunity Impacts 0.1% to 1.0% of the population |
| 23 Lichen Planus is a Large and Unsatisfied Market Significant “White Space” US Opportunity • Prevalence of between 0.1% and 1.0% of the population – Up to 40% of patients seek treatment despite no FDA-approved targeted therapeutic interventions – ~25% of patients have moderate-to-severe disease • Steroid failure rate of up to 60% • No approved therapy; unsatisfied market – Disease management has focused on immunosuppression and topical symptom control (TCS, tacrolimus, etc.) • Opportunity for biologics-like pricing • New, targeted therapeutics have the potential to: – Increase diagnosis rates and % of patients seeking Tx – Provide rapid itch relief; minimize flares – Address multi-site disease involvement – Provide more practical Tx than topical for widespread lesions Estimated Peak U.S. revenue potential: $1B - $4B |
| 24 Modified from Giles JR et al., Immunity, 2023 ATI-2138: Unique “Bispecific-Like” Mechanism First & Only Known Drug Inhibiting TCR Activation Upstream + Effector Cytokines Downstream Inhibition of T Cell Receptor (TCR) Signaling (Antigen-Driven; Signal 1) • Potent inhibition of ITK downstream of the TCR inhibits auto-antigen and allergen mediated T cell activation • Inhibits cytotoxic destruction of targets by CD8 T cells • Inhibits production of inflammatory cytokines (IFN-y, IL-4, IL-13, IL-17, IL-31) Other JAK inhibitors do not inhibit TCR activation Inhibition of Cytokine Signaling (Cytokine-Driven; Signal 3) • Potent inhibition of JAK3 downstream of the IL-2 receptor common γ chain inhibits IL-2, IL-4, IL-7, IL-9, IL-15 and IL-21 signaling • Inhibits T cell proliferation, activation and survival • Inhibits cytotoxic activity of CD8 T-cells and Natural Killer cells (NK-cells) T cell ITK Inhibition JAK3 Inhibition ATI-2138 Has the Potential to Be The First Mechanistically Complete Oral Therapy for Lichen Planus |
| 25 ATI-2138: Well Positioned in Lichen Planus Dual Pharmacology Creates Ideal Mechanistic Fit • CD8-driven interface dermatitis; involvement of TCR/T cells • Aberrant activation cytotoxic CD8 T cells • IFN mediated pathology in affected skin • Modulates TCR signaling and CD8 cytotoxic T cell suppression • Inhibition of IFNy production biomarkers down-stream of IFNy Lichen planus ATI-2138 Signal 1 Antigen Signal 3 Cytokine Efficacy of calcineurin inhibitors in LP supports T-cell mediated pathology; JAK3 and cyclosporin provide additional POC Potential for broad/deep efficacy in LP; may address root inflammation and symptomology • Cytokine mediated disorder; severe itch associated with IL-31 up-regulation • Fibrosis common • Th1/2/17 immunology • Inhibits proinflammatory cytokines; significant reductions in itch observed in AD • Strong downregulation of fibrosis markers • Downregulation of Th1/2/17 activation markers |
| ATI-2138: Next Steps Mechanistically Fit for Lichen Planus and Other I&I Disorders 26 Ongoing / Next Steps • Lichen planus selected as Phase 2b indication • Initiate Phase 2b trial in 2H 2026 • Complete assessment of additional targets Phase 2a Atopic Dermatitis Complete Initiation 2H 2026 Potential Future Targets Uncontrolled asthma Alopecia areata Vitiligo Phase 2b program Lichen planus Mucosal Cutaneous LPP Severe Hair Loss (murine) Alopecia universalis Complete All future development, clinical, and regulatory timelines are expectations, are based on current beliefs and assumptions, and are subject to change based on a variety of factors |
| ATI-052 SAD/MAD Results Exceeded Expectations 27 • Well tolerated with a favorable safety profile across SAD and MAD cohorts • No conjunctivitis Favorable Tolerability and Safety Profile Pharmacokinetic Profile Supports Potential for Extended Dosing Strong Pharmacodynamic Response Efficient Inhibition of Both TSLP and IL-4Rα • Dose proportional PK observed across pharmacologic dose range • Linear half-life exceeds prior estimate of 26 days • Robust target engagement + complete/near complete target occupancy • Complete and sustained inhibition of ex vivo IL-4 or TSLP stimulated CCL17 • Results support potential for up to every 3-month dosing interval • Potential to raise the efficacy ceiling |
| ATI-2138 May be Ideal Therapy for Lichen Planus 28 • First and only known drug inhibiting TCR activation upstream + effector cytokines downstream • Observed in AD to impact itch • Strong downregulation of fibrosis and Th1/2/17 activation markers Mechanistically Well Matched Important Unmet Medical Need: White Space Opportunity Significant Market Size and Revenue Potential Potential for Cost-effective Clinical Trial Design • Debilitating symptoms include severe itch, hair loss, sores, fatigue, QoL impacts • Unsatisfied market; disease management has focused on immunosuppression and topical symptom control; No FDA-approved therapy • Despite lack of Tx options, approximately 40% seek medical advice • Provides estimated peak US revenue potential of $1B to $4B • Clinical design planned to be phased and multi-part, enabling cost effective development • Regulatory pathways may allow for expedited review |
| Continued Clinical Momentum in 2026 & 2027 Three Clinical Programs Ongoing; IND Expected in 2026 Bosakitug (ATI-045) Enrollment in Phase 2 in AD complete Top line results in 4Q 2026 ATI-052 AD and Asthma POCs ongoing Top line POC results in AD and Asthma in 2H 2026 Phase 2b program: 2H 2026 ATI-2138 Next clinical indication: Lichen planus Phase 2b trial to initiate in 2H 2026 Next Generation Therapeutics IND for ITK inhibitor ATI-9494 in 2H 2026 Advancing potentially industry-leading inhibitor franchises designed to address validated, therapeutically-relevant immune targets Innovation Driven Patient Focused 29 All future development, clinical, and regulatory timelines are expectations, are based on current beliefs and assumptions, and are subject to change based on a variety of factors |
| Clinical Pipeline Update: ATI-052: Full SAD MAD Results ATI-2138: Potential Mechanistically-Complete Therapy for Lichen Planus April 28, 2026 |
Exhibit 99.2
Aclaris Therapeutics Announces Positive Full Top Line First-in-Human Results from Phase 1a Healthy
Volunteer Clinical Trial of ATI-052, a Novel Potential First-in-Class Anti-TSLP/IL-4Rα Bispecific
Antibody, and Announces Lichen Planus as Lead Indication for ATI-2138, an Oral ITK/JAK3 Inhibitor
- Positive Full Results from Phase 1a Trial of Anti-TSLP/IL-4Rα Bispecific Antibody ATI-052 Exceed Aclaris’ Target Profile, Validating Potential Best-in-Class Potency Advantage and Opportunity for Extended Dosing -
- Estimated Half-Life of Approximately 45 Days; Unlocks Opportunity for up to Three-Month Dosing Interval -
- Complete and Sustained Inhibition of TSLP-Induced and IL-4 Induced CCL17 (TARC) Provides Potential to Raise Efficacy Ceiling in Th2-Driven Diseases -
- Enrollment and Dosing Ongoing in Phase 1b Trials in Asthma and Atopic Dermatitis (AD) with Top Line Results Expected in the Second Half of 2026 -
- Lichen Planus Selected as Lead Indication for ATI-2138; Potential to be First Mechanistically Complete Therapeutic Candidate Designed to Address Root Inflammation and Symptoms -
- Management to Host a Conference Call to Discuss Update Today at 8:30 AM EST -
WAYNE, Pa., April 28, 2026 -- Aclaris Therapeutics, Inc. (NASDAQ: ACRS), a clinical-stage biopharmaceutical company focused on developing novel product candidates for immuno-inflammatory diseases, today provided a clinical update on its biologic and oral inhibitor compounds including positive full top line results from the first-in-human Phase 1a single (SAD) and multiple ascending dose (MAD) trial of its anti-TSLP/IL-4Rα bispecific antibody ATI-052 and the selection of lichen planus (LP) as the lead indication for its selective ITK/JAK3 inhibitor ATI-2138.
“These results validate that ATI-052 is a highly potent and well tolerated bispecific antibody that has the potential to be highly effective in a variety of inflammatory and immunological disorders,” said Dr. Neal Walker, Chief Executive Officer of Aclaris. “Based on the strong safety and tolerability profile and dose proportional pharmacokinetic and pharmacodynamic profiles that support the potential for an extended dosing schedule of up to every three months and the potential for synergistic efficacy resulting from its dual inhibition of TSLP and IL-4Rα, we are rapidly progressing this molecule through two proof-of-concept studies and plan to initiate a Phase 2b program in the fourth quarter of 2026.”
Continued Dr. Walker, “We also intend to initiate a phased multi-part Phase 2b basket study in lichen planus with ATI-2138 later this year. ATI-2138 is the only known drug that hits pathogenic T cells, the key drivers of interface dermatitis disorders like LP, by inhibiting both TCR and effector cytokine mediated activation - and as such we believe it is an ideal mechanistic fit for this indication. LP causes debilitating symptoms and significant impacts to quality of life across the spectrum of subtypes; there are no therapeutic options approved for use in this disease. We expect our Phase 2b program to initially focus on erosive mucosal and cutaneous LP, starting in the second half of this year, and move into lichen planopilaris shortly thereafter.”
ATI-052: Anti-TSLP/IL-4Rα Bispecific Antibody
Full Top Line Phase 1a SAD/MAD Results
1
ATI-052 is an investigational anti-TSLP and anti-IL-4Rα bispecific antibody that exhibits high binding affinity to, and dual blockade of, both the TSLP receptor signal transduction and downstream IL-4Rα activation thereby inhibiting this central proinflammatory pathway. By addressing the shared receptor IL-4Rα, ATI-052 blocks IL-4 and IL-13 biological activity, key cytokines driving Th2 inflammation. The Company provided interim results in January 2026 (press release here). Today’s update provides full top line results including:
| ● | ATI-052 exhibited a potential best-in-class pharmacokinetic (PK) profile, including an estimated half-life of approximately 45 days1. Dose proportional PK was observed across the pharmacologic dose range, including dose proportional increases in Cmax (maximum peak concentration) and AUC (area under the curve; a measure representing total systemic exposure). |
| ● | Pharmacodynamic (PD) results validate the potency of ATI-052, including robust target engagement and near complete target occupancy. ATI-052 demonstrated complete and sustained inhibition through at least week 20 (four months post last dose) of ex vivo TSLP stimulated CCL17/TARC and at least week 12 (two months post last dose) of ex vivo IL-4 stimulated CCL17/TARC in the 480 mg MAD cohort. |
| ● | The combination of the strong and sustained PK duration and PD effect supports the potential for up to every three-month dosing. |
| ● | No impact of anti-drug antibodies (ADA) on PK or PD has been observed in this trial. |
| ● | ATI-052 was well tolerated and demonstrated a favorable safety profile across all SAD and MAD cohorts, consistent with the interim results; no safety signals including conjunctivitis were observed. |
Phase 1a SAD/MAD Trial Design
The randomized, blinded, placebo-controlled Phase 1a portion of the first-in-human study was designed to evaluate the safety, tolerability, PK, and PD of subcutaneously administered ATI-052 in healthy adults receiving SAD and MAD doses. In the SAD portion, four cohorts of 8 healthy volunteers each were randomized 3:1 to receive a single dose of ATI-052 (30, 120, 360, or 720 mg) or placebo. In the MAD portion, two cohorts of 8
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healthy volunteers each were randomized 3:1 to receive five doses of two dose levels of ATI-052 (240 or 480 mg) or placebo administered every 7 days. Participants were followed for safety for approximately 16 weeks for the SAD cohorts and 20 weeks for the MAD cohorts.
Ongoing and Future Clinical Trials
In January 2026, Aclaris announced the initiation of a Phase 1b proof-of-concept (POC) trial in patients with atopic dermatitis (EASI >21). In February 2026, the Company initiated a Phase 1b POC trial in patients with asthma on GINA (Global Initiative for Asthma) steps 2-4 treatment prior to screening. Enrollment is ongoing in both trials, and top line results from both are expected in the second half of 2026.
Given the results observed to date and its mechanism of action targeting TSLP as well as effects of IL-4 and IL-13 through blockade of the shared receptor IL-4Rα, the Company announced its intent to initiate a Phase 2b program with ATI-052, initially targeting asthma, in the fourth quarter of 2026.
ATI-2138: Selective ITK/JAK3 Inhibitor
ATI-2138 is a highly potent and selective novel investigational pharmacologic agent that acts as a dual inhibitor of interleukin-2-inducible T cell kinase (ITK) and Janus kinase 3 (JAK3); the dual mechanism enables deep suppression of pathogenic T-cells via inhibition of TCR signaling and effector cytokine activation.
Aclaris intends to initiate a phased multi-part Phase 2b basket study of ATI-2138 in lichen planus (LP), an unaddressed chronic, inflammatory, CD8+/Th1-driven interface dermatitis impacting approximately 0.1% to 1.0% of the population. The trial is expected to comprise the three most common LP subtypes: erosive mucosal, cutaneous, and lichen planopilaris (LPP), a rare form of LP that causes permanent hair loss. The most common symptoms of LP include sores, pain, difficulty eating, severe itch, scales/plaques, hair loss, and fatigue; quality of life is also affected in most patients, including due to anxiety and depression. There is also the potential for malignancy in certain subtypes. Disease management has focused on immunosuppression and symptom control; there are currently no FDA-approved therapies. Despite the lack of therapeutic options, approximately 40% of patients seek treatment. An oral agent like ATI-2138 has the potential to provide rapid symptom and itch relief and address multi-site (cutaneous, oral, and scalp) disease involvement. The Company estimates that the potential market opportunity in the U.S. for an oral therapeutic for LP exceeds $1.0 billion with opportunity up to $4.0 billion. Aclaris expects to initiate Part A (erosive mucosal; cutaneous) of this trial in the second half of 2026 and intends to move into Part B (LPP) soon thereafter.
“Lichen planus remains a challenging, immune-mediated disease with significant patient burden, and there is a clear need for additional therapies that can more effectively address both its symptoms and underlying pathology,” said Dr. Johann Gudjonsson, MD, PhD, Arthur C. Curtis Professor of Skin Molecular Immunology, University of Michigan Skin Research Center.
Webcast and Conference Call
Aclaris will host a webcast and conference call with slides today at 8:30 AM ET to discuss the full ATI-052 Phase 1a SAD/MAD results and an overview of the lead indication and upcoming clinical program for ATI-2138. The live and archived webcast will be available on the Events page of the Company’s website: https://investor.aclaristx.com/events. The webcast will be archived on the same page for 30 days following the event. If you would rather access the call via telephone: To register and receive a dial in number and unique PIN to access the live conference call, please follow this link to register online. Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
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About ATI-052
ATI-052 is an investigational humanized anti-TSLP and anti-IL-4Rα bispecific antibody that exhibits high binding affinity to and dual blockade of both the upstream thymic stromal lymphopoietin (TSLP) receptor signal transduction and downstream interleukin-4 receptor (IL-4R) activation thereby inhibiting this central proinflammatory pathway. ATI-052 targets TSLP, which sits at the top of the inflammatory cascade; by targeting IL-4Rα, it blocks both downstream IL-4 and IL-13, which are key cytokines involved in Th2-mediated inflammation and allergic diseases. ATI-052 exhibits potential best-in-class potency and utilizes the same TSLP antigen-binding fragment (Fab) region as bosakitug (ATI-045), retaining the dissociation kinetics, long residence time, and high potency advantages over comparator antibodies, but is engineered to bind more tightly to the neonatal Fc receptor (FcRn), potentially extending its half-life. ATI-052 has the potential to treat a variety of atopic, immunologic and respiratory diseases. Aclaris has the exclusive worldwide rights to ATI-052, excluding Greater China.
About ATI-2138
ATI-2138 is a highly potent and selective novel investigational pharmacologic agent that acts as a dual inhibitor of interleukin-2-inducible T cell kinase (ITK) and Janus kinase 3 (JAK3). ITK regulates T cell receptor signal transduction and inhibition of this kinase can affect T cell differentiation and activation. JAK3 is a key signal transduction kinase that forms a heterodimer with JAK1, modulates JAK1 phosphorylation of signal transducer and activator of transcription 5 (STAT5), and regulates cytokines that signal through the IL-2Rgc to affect lymphocyte proliferation and activation. The efficacy results exhibited in preclinical animal models of inflammation and autoimmune diseases, coupled with the favorable safety, pharmacokinetics, and pharmacodynamics profile observed in healthy human SAD and MAD studies and a Phase 2a trial in atopic dermatitis, support the potential for ATI-2138 to affect several human inflammatory diseases and further investigation of this molecule in patients with atopic and autoimmune diseases that are dependent on T cell function and/or IL-2Rgc signaling.
About Aclaris Therapeutics, Inc.
Aclaris Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing a pipeline of novel product candidates to address the needs of patients with immuno-inflammatory diseases who lack satisfactory treatment options. The company has a multi-stage portfolio of product candidates powered by a robust R&D engine. For additional information, please visit www.aclaristx.com and follow Aclaris on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “potential,” “will,” and similar expressions, and are based on Aclaris’ current beliefs and expectations. These forward-looking statements include expectations regarding its development plans for ATI-052 and ATI-2138, including the timing to report results from its Phase 1b trials of ATI-052 in asthma and atopic dermatitis, the timing to initiate a Phase 2b trial of ATI-052 in asthma, and the timing and plans to initiate a Phase 2b basket study of ATI-2138 in LP, the therapeutic potential for ATI-052 and ATI-2138, including the potential for ATI-052 to be first- and best-in-class, and the potential for ATI-052 to support dosing of up to three months, and the potential for ATI-052 to treat atopic, immunologic, and respiratory diseases and ATI-2138 to treat atopic and autoimmune diseases. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. Risks and uncertainties that may cause actual results to differ materially include uncertainties inherent in the conduct of clinical trials, risks associated with interim, topline and
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preliminary data, Aclaris’ reliance on third parties over which it may not always have full control, Aclaris’ ability to enter into strategic partnerships on commercially reasonable terms, the uncertainty regarding the macroeconomic environment and other risks and uncertainties that are described in the Risk Factors section of Aclaris’ Annual Report on Form 10-K for the year ended December 31, 2025, and other filings Aclaris makes with the U.S. Securities and Exchange Commission from time to time. These documents are available under the “SEC Filings” page of the “Investors” section of Aclaris’ website at www.aclaristx.com. Any forward-looking statements speak only as of the date of this press release and are based on information available to Aclaris as of the date of this release, and Aclaris assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise.
1 Based on accumulation ratio at 240 mg weekly dosing
Aclaris Therapeutics Contact:
Will Roberts
Senior Vice President
Corporate Communications and Investor Relations
(484) 329-2125
wroberts@aclaristx.com
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