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Analytikerkommentar

Herantis trial progressing as planned

Af Antti SiltanenAnalytiker
Herantis Pharma

Translation: Original published in Finnish on 5/13/2025 at 7:30 am EEST.

Herantis reported on Tuesday on the progress of the HER-096 Phase Ib clinical trial. The trial has progressed as planned, with results expected in September.

Early phase trial to study safety and tolerability

The primary objective of the Phase Ib study is to demonstrate that repeated subcutaneous doses of HER-096 are safe and well tolerated in patients with Parkinson's disease. In Part 1, 8 healthy volunteer subjects were administered with a single dose of HER-096. The results showed that both the pharmacokinetic (i.e. how the drug behaves in the body) and safety profiles were as expected and in line with previous data.

In Part 2, 28 patients with Parkinson’s disease will be dosed for 4 week, 2 doses per week with either HER-096 or placebo to study the safety and tolerability of repeated subcutaneous doses of HER-096 and the behavior of the drug. The aim of the study is also to evaluate selected biomarkers, and to discover and identify novel treatment response biomarkers in Parkinson’s patients. Biomarkers can help to pre-select patients who may benefit from the treatment and to monitor the efficacy of the treatment. According to the latest update, the first patients in the final cohort have been dosed with HER-096. The trial is therefore progressing as planned, and completion of the results on schedule in September seems likely.

Progression to the next development phase likely

The results reported thus far seem to support the continuation of the clinical program, although more detailed results will probably not be available for evaluation until the completion of Phase Ib. Funding for the current phase has already been secured and the next major threshold in the HER-096 development program will be the transition to and funding of Phase II clinical trials. In our view, funding is the key issue to be resolved for the research pipeline to move forward.

Herantis Pharma

1,38EUR13.05.2025, 18.00
1,90EURKursmål
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Anbefaling opdateret:07.03

Herantis Pharma Plc is a clinical-stage biotechnology company developing disease modifying therapies for Parkinson’s disease. Herantis’ lead product HER-096 is a small synthetic chemical peptidomimetic molecule developed based on the active site of the CDNF protein. HER-096 combines the mechanism of action of CDNF with subcutaneous administration. The Phase 1a clinical trial demonstrated a good safety and tolerability profile as well as blood-brain barrier penetration of subcutaneously administered HER-096. The shares of Herantis are listed on the Nasdaq First North Growth Market Finland.

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Key Estimate Figures07.03

202425e26e
Omsætning0,00,00,0
vækst-%150,0 %
EBIT (adj.)-5,0-4,1-4,8
EBIT-% (adj.)-50.270,0 %-40.739,4 %-48.367,6 %
EPS (adj.)-0,25-0,19-0,20
Udbytte0,000,000,00
Udbytte %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.
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