IRLAB Therapeutics - Candidate selected to further bolster pipeline
IRLAB Therapeutics has announced that it has selected a drug candidate from its P003 discovery programme. The candidate, IRL1117, will now progress towards Phase I clinical studies, anticipated to begin in 2024. IRL1117 is being developed as a once-daily oral dose treatment for Parkinson’s disease (PD) symptoms, intended to overcome issues with the existing standard of care treatment, levodopa, which include short duration of action and uncontrolled involuntary movement (dyskinesia). The news not only strengthens IRLAB’s already busy pipeline but is yet further validation of the company’s machine learning discovery platform’s (ISP’s) ability to deliver clinical candidates, which we view as a major asset for the company. We value IRLAB at SEK6.72bn or SEK129.8 per share.IRLAB Therapeutics AB is a Sweden-based research and development company. It focuses on illnesses in the central nervous system and primarily on development of drugs to assist patients with Parkinson's disease. The Company possesses a research platform Integrative Screening Process (ISP), which aims to discover and develop drug candidates for the treatment of brain diseases. The Company operates projects on both clinical phase and preclinical phases. The primary projects are IRL790 and IRL752, both on clinical phase. The IRL790 project is a psychomotor stabilizer for the treatment of levodopa (L-dopa) amino acid that dyskinesia induces in Parkinson's Disease (PD-LIDs) and Parkinson Disease psychosis (PD-Psychosis). The IRL752 project aims at cortical enhancement for the treatment of Parkinson Disease Dementia (PD-D) and Behavioral and Psychological Symptoms of Dementia (BPSD).
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