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Exhibit 99.1
Satellos
to Host Virtual KOL Event on SAT-3247 in Duchenne Muscular Dystrophy
TORONTO--(BUSINESS
WIRE) — Satellos Bioscience Inc. (NASDAQ: MSLE, TSX: MSCL) (“Satellos” or the “Company”),
a clinical-stage biotechnology company developing life-improving medicines to treat degenerative muscle diseases, today announced that
it will host a virtual key opinion leader (KOL) event on Tuesday, Feb. 24, 2026, at 3:30 p.m. ET, featuring Kevin M. Flanigan,
MD, the Wolfe Foundation Endowed Chair in Neuromuscular Research at Nationwide Children’s Hospital and professor of pediatrics
and neurology at The Ohio State University College of Medicine. Dr. Flanigan will join company management to discuss the unmet need and
current treatment landscape for Duchenne muscular dystrophy (DMD). Interested participants may register here.
The event will provide an overview of Satellos' SAT-3247, an oral small
molecule therapy designed to restore natural muscle repair and regeneration in DMD and related conditions. SAT-3247 targets AAK1, a protein
involved in muscle stem-cell signaling, a process that is disrupted in DMD due to the absence of dystrophin. The session will review results
from the completed Phase 1a/b clinical trial in healthy volunteers and adults with DMD; outline TRAILHEAD, an open-label study in adult
participants; and share updates on BASECAMP, an ongoing Phase 2 pediatric study.
ABOUT KEVIN M. FLANIGAN, MD
Kevin M. Flanigan, MD, is the Director of the Center for Gene Therapy
at the Abigail Wexner Research Institute of Nationwide Children’s Hospital (NCH), where he holds the Robert F. & Edgar T. Wolfe
Foundation Endowed Chair in Neuromuscular Research. Dr. Flanigan trained in Neurology and Neuromuscular Disease at the Johns Hopkins Hospital,
followed by a post-doctoral fellowship in Human Molecular Biology and Genetics at the University of Utah. After 14 years on the faculty
in Utah, he joined NCH in 2009. He is currently the director of the NCH P50-funded Wellstone Muscular Dystrophy Specialized Research Center
and is a Professor of Pediatrics and Neurology at Ohio State University. His laboratory work is directed toward the identification of
genetic modifiers of disease severity in the dystrophinopathies, and toward the molecular characterization and treatment of neuromuscular
diseases, using both gene replacement and RNA-modifying therapies. His lab has a particular interest in AAV-delivered U7snRNAs modified
to target specific exons in the DMD gene, which has led to a first-in-human clinical trial. He is an experienced clinical trialist and
has conducted multiple clinical trials of gene transfer therapies in DMD, as well as the childhood neurodegenerative disorders mucopolysaccharidosis
types 3A and 3B
ABOUT SAT-3247
SAT-3247 is a proprietary, oral, small molecule drug candidate being
developed by Satellos as a novel approach to regenerating skeletal muscle lost in Duchenne muscular dystrophy (DMD) and other degenerative
muscle diseases or injury conditions. Satellos is advancing SAT-3247 as a potential treatment for DMD that is independent of dystrophin
and applicable regardless of exon mutation status, with ongoing Phase 2 clinical studies, including TRAILHEAD, an open-label study in
adult participants, and BASECAMP, a global, randomized, placebo-controlled study in pediatric participants.
ABOUT SATELLOS BIOSCIENCE INC.
Satellos is a clinical-stage drug development
company focused on restoring natural muscle repair and regeneration in degenerative muscle diseases. Through its research, Satellos has
developed SAT-3247, a first-of-its-kind, orally administered small molecule drug designed to address deficits in muscle repair and regeneration.
SAT-3247 targets AAK1, a key protein that Satellos has identified as capable of helping restore muscle stem-cell signaling, a process
that is disrupted in DMD. By addressing the loss of dystrophin-dependent cues, SAT-3247 may re-establish the signals that support effective
muscle regeneration. SAT-3247 is currently in clinical development as a potential disease-modifying treatment, initially for DMD. Satellos
is also working to identify additional muscle diseases or injury conditions where restoring muscle repair and regeneration may have therapeutic
benefit and represent future clinical development opportunities. For more information, visit www.satellos.com.
NOTICE ON FORWARD-LOOKING STATEMENTS
This press release includes forward-looking information or forward-looking
statements within the meaning of applicable securities laws regarding Satellos and its business, which may include, but are not limited
to, statements regarding the possibility of pursuing regulatory approval for SAT-3247, the potential for SAT-3247 to represent a disease
modifying approach to the therapeutic treatment of people living with Duchenne; anticipated benefits to patients from a small molecule
treatment for Duchenne; the advancement SAT-3247 through clinical trials, including the BASECAMP clinical trial; the pharmacodynamic properties
and mechanism-of-action of SAT-3247; the potential of our approach in other degenerative muscle diseases; SAT-3247’s prospective
impact on Duchenne patients, patients with other degenerative muscle disease or muscle injury or trauma, and on muscle regeneration generally;
and Satellos’ technologies and drug development plans. All statements that are, or information which is, not historical facts, including
without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations
or beliefs of future performance, occurrences or developments, are “forward-looking information or statements.” Often, but
not always, forward-looking information or statements can be identified by the use of words such as “shall”, “intends”,
“believe”, “plan”, “expect”, “intend”, “estimate”, “anticipate”,
“potential”, “prospective” , “assert” or any variations (including negative or plural variations)
of such words and phrases, or state that certain actions, events or results “may”, “might”, “can”,
“could”, “would” or “will” be taken, occur, lead to, result in, or, be achieved. Such statements are
based on the current expectations and views of future events of the management of the Company. These statements are based on assumptions
and subject to risks and uncertainties. Although management believes that the assumptions underlying these statements are reasonable,
they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, may not occur and could differ
materially as a result of known and unknown risk factors and uncertainties affecting the Company, including, without limitation, risks
relating to the pharmaceutical and bioscience industry (including the risks associated with preclinical and clinical trials and regulatory
approvals), the research and development of therapeutics, the results of preclinical and clinical trials, general market conditions and
equity markets, economic factors and management’s ability to manage and to operate the business of the Company generally, including
inflation and the costs of operating a biopharma business, and those risks and uncertainties described in more detail in the “Risk
Factors” section of Satellos’ Annual Information Form dated March 26, 2025 (which is located on Satellos’ profile at
www.sedarplus.ca) and in Satellos’ public filings on SEDAR+ (sedarplus.ca) and EDGAR (sec.gov). Although Satellos has attempted
to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can
be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are
made and Satellos does not undertake any obligation to publicly update or revise any forward-looking statement, whether resulting from
new information, future events, or otherwise.
CONTACTS
Investors: Liz Williams, CFO, ir@satellos.com
Media: Emily Williams, Senior Director of Communications, media@satellos.com