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Eton Pharmaceuticals (NASDAQ: ETON) starts ET-700 pilot in Wilson disease

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Eton Pharmaceuticals filed an 8-K to announce dosing of the first patient in a pilot clinical study of ET-700, its extended-release zinc acetate candidate for Wilson disease. The double-blinded, placebo-controlled trial in Denmark will follow 36 healthy volunteers over four weeks using 64Cu PET imaging to measure intestinal copper absorption.

The study compares GALZIN 50 mg three times daily, ET-700 75 mg twice daily plus one placebo dose, and placebo three times daily, with hepatic 64Cu uptake as the primary endpoint. Eton’s CEO said that, if approved, ET-700 could potentially exceed $100 million in peak annual U.S. sales and support simpler dosing for this lifelong condition.

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Insights

Eton begins a small, controlled ET-700 study in Wilson disease.

Eton is advancing ET-700, an extended-release zinc acetate for Wilson disease, into a 36-subject, double-blind, placebo-controlled pilot study using 64Cu PET imaging to assess intestinal copper absorption. The design directly compares ET-700 against Galzin and placebo over four weeks.

Management highlights unmet needs around simpler, more convenient dosing for this chronic therapy and indicates ET-700 could exceed $100 million in peak annual U.S. sales if ultimately approved. Actual outcomes depend on this pilot’s results, a planned pivotal study in early 2027, and future regulatory review.

Topline data are expected in the second half of 2026, followed by a potential pivotal trial. Future disclosures on efficacy, safety, and dosing convenience from these studies will determine whether ET-700 can differentiate meaningfully from existing zinc-based maintenance treatments.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Pilot study size 36 healthy volunteers Double-blinded, placebo-controlled ET-700 study at Aarhus University Hospital
Galzin dosing arm 50 mg three times daily Active comparator regimen in ET-700 pilot trial
ET-700 dosing arm 75 mg twice daily plus placebo once daily Experimental regimen in ET-700 pilot trial
Placebo arm Placebo three times daily Control group regimen in ET-700 pilot trial
Treatment duration Four weeks Length of treatment period for all ET-700 study arms
ET-700 peak sales potential Over $100 million annually Management’s belief about potential U.S. peak annual sales if approved
Topline data timing Second half of 2026 Expected timing for ET-700 pilot study topline results
Planned pivotal start Early 2027 Target timing for pivotal ET-700 clinical study if pilot is positive
pilot clinical study financial
"today announced the first patient has been dosed in a pilot clinical study assessing the efficacy of ET-700"
A pilot clinical study is a small, early trial that tests whether a new medical treatment or procedure is feasible, safe and worth studying further, like a prototype test drive before mass production. For investors, pilot results provide the first real-data signals about whether a therapy shows promise, what risks or side effects appear, and whether larger, more expensive trials are likely — information that can meaningfully change a company’s development plan and valuation.
extended-release zinc acetate medical
"ET-700, the Company’s proprietary, patent-pending formulation of extended-release zinc acetate under development for the treatment of Wilson disease"
Wilson disease medical
"extended-release zinc acetate under development for the treatment of Wilson disease"
A genetic disorder that prevents the body from removing excess copper, causing copper to build up mainly in the liver and brain and leading to liver disease, movement problems, and cognitive or psychiatric symptoms. Investors pay attention because tests, drugs, gene therapies or diagnostic tools for this condition can drive regulatory approvals, clinical trial risk, and niche market opportunities; think of it as a small but high-need market where a successful treatment can meaningfully change company value.
64Cu PET imaging medical
"In this study, 64Cu PET imaging will be used to assess whether an extended-release zinc formulation can reduce intestinal copper absorption"
double-blinded, placebo-controlled medical
"is a double-blinded, placebo-controlled clinical trial comprised of 36 healthy volunteers randomly assigned to one of three treatment groups"
peak annual sales financial
"If approved, we believe ET-700 could exceed $100 million of peak annual sales in the United States"
false 0001710340 0001710340 2026-04-27 2026-04-27


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
   

 
FORM 8-K
 

 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
April 27, 2026

Date of Report (Date of earliest event reported)
 

 
ETON PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
001-38738
37-1858472
(State of
(Commission
(I.R.S. Employer
incorporation)
File Number)
Identification Number)
 
21925 W. Field Parkway, Suite 235
Deer Park, Illinois 60010-7278
(Address of principal executive offices) (Zip code)
 
(847) 787-7361
(Registrants telephone number, including area code)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.001 per share
 
ETON
 
NASDAQ Global Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 8.01: Other Events
 
On April 27, 2026, Eton Pharmaceuticals, Inc. (the “Company”) issued a press release announcing a pilot study underway for product candidate ET-700, the Company's extended-release formulation of zinc acetate, which will be compared to Galzin® and a placebo for the treatment of Wilson disease. 
 
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
 
 
2

 
Item 9.01: Financial Statements and Exhibits
 
Exhibit No.
 
Description
     
Exhibit 99.1   Press Release dated April 27, 2026
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
3

 
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.
 
Date: April 27, 2026
By:
/s/ James R. Gruber
   
James R. Gruber
   
Chief Financial Officer and Secretary
   
(Principal Financial Officer)
 
4

Exhibit 99.1

 

 

etonlogo1.jpg

 

Eton Pharmaceuticals Announces Initiation of Clinical Study for Product Candidate ET-700

 

 

Company’s extended-release formulation of zinc acetate will be compared to GALZIN® (zinc acetate) and a placebo for the treatment of Wilson disease

 

DEER PARK, Ill., April 27, 2026 (GLOBE NEWSWIRE) -- Eton Pharmaceuticals, Inc (“Eton” or “the Company”) (Nasdaq: ETON), an innovative pharmaceutical company focused on developing and commercializing treatments for rare diseases, today announced the first patient has been dosed in a pilot clinical study assessing the efficacy of ET-700, the Company’s proprietary, patent-pending formulation of extended-release zinc acetate under development for the treatment of Wilson disease. Topline study results are expected in the second half of 2026, and if positive, would lead to a pivotal clinical study in early 2027.

 

“ET-700 has the potential to deliver a major advancement for patients with Wilson disease, and we’re excited to initiate this clinical study. Based on feedback from the patient community and treating physicians, there remains a meaningful need for more convenient, simpler dosing approaches for this lifelong chronic therapy, which ET-700 is designed to explore. If approved, we believe ET-700 could exceed $100 million of peak annual sales in the United States,” said Sean Brynjelsen, CEO of Eton Pharmaceuticals.

 

“Wilson disease requires lifelong treatment, and we believe it is important to explore therapies that are both effective and easier for patients to use in daily life. In this study, 64Cu PET imaging will be used to assess whether an extended-release zinc formulation can reduce intestinal copper absorption with a simpler dosing regimen,” said study investigator Dr. Thomas Sandahl, Clinical Professor of Hepatology at Aarhus University.

 

The study, which is being conducted by the Department of Hepatology and Gastroenterology at Aarhus University Hospital in Denmark, is a double-blinded, placebo-controlled clinical trial comprised of 36 healthy volunteers randomly assigned to one of three treatment groups. Using positron emission tomography (PET) scans with the radioactive tracer 64CuCl2 (64-copper dichloride), the study will compare the effects on intestinal copper absorption of GALZIN 50 mg taken three times daily, ET-700 75 mg taken twice daily plus a placebo once daily, and a placebo taken three times daily.

 

The study treatment period will last for four weeks. PET scans will assess intestinal copper absorption by measuring the amount of 64Cu in the liver and the primary endpoint is the change in mean hepatic 64Cu standard uptake value from pre- to post-intervention between the three groups, as determined by two blinded investigators.

 

INDICATION

 

Galzin® (zinc acetate) is indicated for maintenance treatment of patients with Wilson’s disease who have been initially treated with a chelating agent.

 

IMPORTANT SAFETY INFORMATION

 

Contraindication

 

Hypersensitivity to zinc acetate or any of the ingredients in Galzin.

 

Warnings and Precautions

 

Copper Deficiency: Several post-marketing cases reported that zinc acetate taken over extended periods of time may result in decreased enteral copper absorption and copper deficiency. If a patient develops signs and/or symptoms of copper deficiency, interrupt zinc treatment and measure zinc, 24-hr urinary copper, and non-ceruloplasmin bound copper (NCC) levels.

 

Gastric Ulcer: Gastric ulcers including complications of anemia and gastric ulcer perforation with peritonitis have been reported with long-term use of zinc acetate.

 

General: Galzin is not recommended for the initial therapy of symptomatic patients because of the delay required for zinc-induced increase in enterocytic metallothionein and blockade of copper uptake. Symptomatic patients should be treated initially, using chelating agents. During initial therapy, neurological deterioration may occur as stores of copper are mobilized.

 

Information for Patients: GALZIN should be administered on an empty stomach, at least one hour before or two to three hours after meals. Capsules should be swallowed whole, not opened or chewed. Patients must be clinically monitored to determine the adequacy of zinc acetate therapy.

 

Monitoring Patients: Existing signs and symptoms of Wilson’s disease and 24-hour urine copper should be monitored. Neuropsychiatric evaluations including speech as well as liver function tests including bilirubin and aminotransferases, should be done as appropriate. In all treated patients,

 

24-hour urinary zinc levels may be a useful measure of compliance with the zinc acetate regimen.

 

Adverse Reactions

 

The most common adverse reactions are gastric irritation, elevations of serum alkaline phosphatase, amylase, and lipase suggesting pancreatitis.

 

To report a suspected adverse event related to GALZIN, contact Eton Pharmaceuticals, Inc. at 1-855- 224-0233 or the U.S. Food and Drug Administration (FDA) at www.fda.gov/safety/Medwatch or call1-800-FDA-1088.

 

Please see full Prescribing Information for more information.

 

 

 

About Eton Pharmaceuticals

 

Eton is an innovative pharmaceutical company focused on developing and commercializing treatments for rare diseases. The Company currently has ten commercial rare disease products: KHINDIVITM, INCRELEX®, ALKINDI SPRINKLE®, DESMODA™, GALZIN®, HEMANGEOL®, PKU GOLIKE®, Carglumic Acid, Betaine Anhydrous, and Nitisinone. The Company has four additional product candidates in late-stage development: Amglidia®, ET-700, ET-800 and ZENEO® hydrocortisone autoinjector. For more information, please visit our website at www.etonpharma.com.

 

Forward-Looking Statements

 

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements associated with the expected ability of Eton to undertake certain activities and accomplish certain goals and objectives. These statements include but are not limited to statements regarding Eton’s business strategy, Eton’s plans to develop and commercialize its product candidates, the safety and efficacy of Eton’s product candidates, Eton’s plans and expected timing with respect to regulatory filings and approvals, and the size and growth potential of the markets for Eton’s product candidates. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Eton’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks associated with the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs. These and other risks concerning Eton’s development programs and financial position are described in additional detail in Eton’s filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Eton undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

 

Investor Relations:
Lisa M. Wilson, In-Site Communications, Inc.
T: 212-452-2793

 

E: lwilson@insitecony.com

 

FAQ

What did Eton Pharmaceuticals (ETON) report in its latest 8-K filing?

Eton Pharmaceuticals reported that the first patient has been dosed in a pilot clinical study of ET-700, its extended-release zinc acetate candidate for Wilson disease, with topline results expected in the second half of 2026 and a potential pivotal trial planned for early 2027.

What is ET-700 in Eton Pharmaceuticals’ Wilson disease program?

ET-700 is Eton’s proprietary, patent-pending extended-release zinc acetate formulation under development for Wilson disease. It is designed to explore simpler, more convenient dosing for lifelong copper-control therapy and is being compared against Galzin and placebo using 64Cu PET imaging to assess intestinal copper absorption.

How is Eton’s ET-700 pilot study for Wilson disease designed?

The ET-700 pilot is a double-blinded, placebo-controlled clinical trial in 36 healthy volunteers at Aarhus University Hospital. Participants are randomized to Galzin 50 mg three times daily, ET-700 75 mg twice daily plus one placebo dose, or placebo three times daily over four weeks, with hepatic 64Cu uptake as the primary endpoint.

When are ET-700 clinical results expected according to Eton Pharmaceuticals?

Eton expects topline results from the ET-700 pilot study in the second half of 2026. If results are positive, the company plans to initiate a pivotal clinical study in early 2027 to further evaluate ET-700 as a potential extended-release zinc therapy for Wilson disease.

What commercial potential does Eton see for ET-700 in Wilson disease?

Eton’s CEO stated that, if ET-700 is approved, it could exceed $100 million in peak annual U.S. sales. This view reflects the company’s belief that a more convenient, extended-release zinc therapy addressing lifelong Wilson disease management could see meaningful adoption among patients and treating physicians.

How does Galzin relate to Eton Pharmaceuticals’ ET-700 study?

Galzin (zinc acetate) is Eton’s approved maintenance treatment for Wilson disease and serves as an active comparator in the ET-700 pilot trial. The study contrasts standard Galzin 50 mg three times daily with ET-700 75 mg twice daily plus placebo and a placebo regimen, focusing on copper absorption via 64Cu PET imaging.

Filing Exhibits & Attachments

5 documents