Eledon Pharmaceuticals Inc
NASDAQ:ELDN

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Eledon Pharmaceuticals Inc Logo
Eledon Pharmaceuticals Inc
NASDAQ:ELDN
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Price: 1.58 USD -0.63% Market Closed
Market Cap: 118.5m USD

Eledon Pharmaceuticals Inc
Investor Relations

Eledon Pharmaceuticals, Inc. is a clinical stage biotechnology company using its expertise in targeting the CD40L pathway to develop potential treatments for people requiring an organ or cellular transplant, and for people living with autoimmune and neurodegenerative disease. The company is headquartered in Irvine, California and currently employs 12 full-time employees. The company went IPO on 2014-09-17. The firm is focused on developing targeted medicines for persons requiring an organ or cell-based transplant, living with autoimmune disease, or living with amyotrophic lateral sclerosis (ALS). Its lead compound in development is AT-1501, an IgG1, anti-CD40L antibody with high affinity for the CD40 Ligand (CD40L, also called CD154). AT-1501 is engineered to improve both safety and provide pharmacokinetic, pharmacodynamic, and dosing advantages compared to other anti-CD40 approaches. Blocking CD40L inhibits both CD40 and CD11 costimulatory signaling pathways with the potential for better efficacy. The company is focused on developing AT-1501 in up to four indications: ALS, prevention of kidney allograft rejection, prevention of islet cell allograft rejection, and IgA Nephropathy (IgAN). The company has completed a Phase Ia/Ib single ascending dose trial in volunteers and people with amyotrophic lateral sclerosis (ALS).

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 11, 2023
AI Summary
Q1 2023

Strategic Focus: Eledon is now prioritizing its kidney transplantation program, aiming for Tegoprubart to become a new standard of care.

Encouraging Early Data: Phase 1b trial showed no acute rejection in initial patients and strong kidney function, with mean eGFRs above 70 up to week 31.

Phase 2 Trial Launch: The Phase 2 BESTOW trial in kidney transplantation is on track to start midyear, with 120 participants comparing Tegoprubart to tacrolimus.

Major Financing Secured: Eledon raised up to $185 million in private placement, with $35 million upfront, providing capital to fund clinical development.

Safety Profile: Tegoprubart showed good tolerability so far, with no serious adverse events reported across studies.

IgAN Program Deprioritized: The IgA nephropathy program is winding down, and associated spending will decrease in Q2 2023.

Financial Update: Net loss widened to $10.8 million for the quarter, with higher R&D expenses due to increased clinical activity.

Key Financials
Net Loss
$10.8 million
Net Loss Per Share
$0.75
Research and Development Expenses
$8.1 million
General and Administrative Expenses
$3 million
Cash and Cash Equivalents
$46.5 million
Private Placement Financing
$185 million (up to)
Upfront Financing from Private Placement
$35 million
Earnings Call Recording
Other Earnings Calls
2023

Management

Dr. David-Alexandre C. Gros M.D., Ph.D.
CEO & Non Independent Director
No Bio Available
Dr. Steven N. Perrin Ph.D.
President, Chief Scientific Officer & Non Independent Director
No Bio Available
Mr. Paul Sean Little
Chief Financial Officer
No Bio Available
Mr. John Herberger
Vice President of Technical Operations
No Bio Available
Mr. Bryan E. Smith J.D.
General Counsel, Corporate Secretary & Chief Compliance Officer
No Bio Available
Dr. David Hovland Ph.D.
Chief Regulatory Officer
No Bio Available
Dr. Eliezer Katz F.A.C.S., FACS, M.D.
Chief Medical Officer
No Bio Available

Contacts

Address
CALIFORNIA
Irvine
19900 MacArthur Blvd Ste 550
Contacts
+19492388090.0
eledon.com