CATB Catabasis Pharmaceuticals Inc.

6.71
+0.3  (+5%)
Previous Close 6.41
Open 6.5
52 Week Low 2.74
52 Week High 7.81
Market Cap $120,090,024
Shares 17,897,172
Float 14,823,070
Enterprise Value $61,371,872
Volume 180,666
Av. Daily Volume 231,124
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Upcoming Catalysts

Drug Stage Catalyst Date
Edasalonexent (CAT-1004)
Duchenne muscular dystrophy (DMD)
Phase 3
Phase 3
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Drug Pipeline

Drug Stage Notes
CAT-2054
Hypercholesterolemia
Phase 2a
Phase 2a
Phase 2a did not meet primary endpoint - June 2016

Latest News

  1. Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, announced today that it has joined the broad-market Russell 3000® Index at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the US market opened today.

    Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 8, 2020, ranking them by total market capitalization. FTSE Russell determines membership for its Russell indexes primarily by objective market-capitalization rankings and style attributes.

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked…

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, announced today that it has joined the broad-market Russell 3000® Index at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the US market opened today.

    Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 8, 2020, ranking them by total market capitalization. FTSE Russell determines membership for its Russell indexes primarily by objective market-capitalization rankings and style attributes.

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

    For more information on the Russell 3000® Index and the Russell indexes reconstitution, visit the "Russell Reconstitution" section on the FTSE Russell website.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

    About FTSE Russell:

    FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.

    FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.

    For more information, visit www.ftserussell.com

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  2. Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, announced today that it has named Ben Harshbarger as Senior Vice President, General Counsel. Mr. Harshbarger brings to Catabasis more than 20 years of experience at commercial-stage pharmaceutical and biotechnology companies.

    "Ben brings to Catabasis extensive senior legal and compliance experience in the pharmaceutical industry, including in product launches, and the transition from pre-commercial to commercial-stage. His deep expertise will be especially valuable in the coming months as we prepare for top-line results from the Phase 3 PolarisDMD trial and the potential commercialization of edasalonexent for the treatment of Duchenne muscular dystrophy…

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, announced today that it has named Ben Harshbarger as Senior Vice President, General Counsel. Mr. Harshbarger brings to Catabasis more than 20 years of experience at commercial-stage pharmaceutical and biotechnology companies.

    "Ben brings to Catabasis extensive senior legal and compliance experience in the pharmaceutical industry, including in product launches, and the transition from pre-commercial to commercial-stage. His deep expertise will be especially valuable in the coming months as we prepare for top-line results from the Phase 3 PolarisDMD trial and the potential commercialization of edasalonexent for the treatment of Duchenne muscular dystrophy," said Jill C. Milne, Ph.D., Chief Executive Officer of Catabasis. "We are delighted that Ben has joined the team and will be leveraging his operating and rare disease experience."

    "I am thrilled to be joining the Catabasis team as we work towards making a new treatment option available to the Duchenne community," said Mr. Harshbarger. "Catabasis is preparing for the potential future transition to a commercial organization, and I am excited to join at such an important time."

    Mr. Harshbarger most recently served as the Interim Chief Executive Officer and General Counsel at Novelion Therapeutics, Inc., the parent company of Aegerion Pharmaceuticals, Inc. Prior to that, he served in several legal roles at Aegerion Pharmaceuticals, Inc., including as Deputy General Counsel, VP, EMEA Legal Counsel, and Acting General Counsel and General Counsel. As Acting General Counsel and General Counsel, he played a critical role in revamping Aegerion's compliance program. Mr. Harshbarger has also held senior legal positions at Cubist Pharmaceuticals, Inc., Viacell, Inc. and Biogen, Inc. Mr. Harshbarger holds his JD from Boston College Law School, and his BA from the University of Richmond.

    About Edasalonexent (CAT-1004)

    Edasalonexent (CAT-1004) is an investigational oral small molecule designed to inhibit NF-kB that is being developed as a potential foundational therapy for all patients affected by DMD, regardless of their underlying mutation. In DMD the loss of dystrophin leads to chronic activation of NF-kB, which is a key driver of skeletal and cardiac muscle disease progression. Our ongoing global Phase 3 PolarisDMD trial is evaluating the efficacy and safety of edasalonexent for registration purposes. Edasalonexent is also being evaluated in the GalaxyDMD open-label extension trial. In our MoveDMD Phase 2 trial and open-label extension, we observed that edasalonexent preserved muscle function and substantially slowed disease progression compared to rates of change in a control period, and significantly improved biomarkers of muscle health and inflammation. The FDA has granted orphan drug, fast track, and rare pediatric disease designations and the European Commission has granted orphan medicinal product designation to edasalonexent for the treatment of DMD. For a summary of clinical results, please visit www.catabasis.com.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

    Forward Looking Statements

    Any statements in this press release about future expectations, plans and prospects for the Company, including statements about the Company's global Phase 3 PolarisDMD trial in DMD to evaluate the efficacy and safety of edasalonexent for registration purposes, the anticipated timing for top-line results, the potential timing for the filing of an NDA, the Company's planned transition to a commercial-stage organization and other statements containing the words "believes," "anticipates," "plans," "expects," "may" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks and uncertainties related to the impact of the COVID-19 pandemic, uncertainties inherent in the initiation and completion of preclinical studies and clinical trials and clinical development of the Company's product candidates; whether interim results from a clinical trial will be predictive of the final results of the trial or the results of future trials; expectations for regulatory approvals to conduct trials or to market products; availability of funding sufficient for the Company's foreseeable and unforeseeable operating expenses and capital expenditure requirements; other matters that could affect the availability or commercial potential of the Company's product candidates; and general economic and market conditions and other factors discussed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2020, which is on file with the Securities and Exchange Commission, and in other filings that the Company may make with the Securities and Exchange Commission in the future. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

    ###

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  3. Top-Line Results Expected in Q4 2020 from Fully Enrolled Edasalonexent Global Phase 3 PolarisDMD Trial in Duchenne Muscular Dystrophy

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, today reported financial results for the first quarter ended March 31, 2020 and reviewed recent business progress.

    "Our fully enrolled Phase 3 PolarisDMD trial for edasalonexent in Duchenne is progressing well and we are continuing to prepare for top-line Phase 3 results in the fourth quarter of this year and a subsequent NDA filing in 2021. We have initial commercialization and supply chain preparations underway and recently strengthened our financial position," said Jill C. Milne, Ph.D., Chief Executive Officer of…

    Top-Line Results Expected in Q4 2020 from Fully Enrolled Edasalonexent Global Phase 3 PolarisDMD Trial in Duchenne Muscular Dystrophy

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, today reported financial results for the first quarter ended March 31, 2020 and reviewed recent business progress.

    "Our fully enrolled Phase 3 PolarisDMD trial for edasalonexent in Duchenne is progressing well and we are continuing to prepare for top-line Phase 3 results in the fourth quarter of this year and a subsequent NDA filing in 2021. We have initial commercialization and supply chain preparations underway and recently strengthened our financial position," said Jill C. Milne, Ph.D., Chief Executive Officer of Catabasis. "In the current environment, our priorities are focused on the safety of patients as well as maintaining study integrity. Advantages of our Phase 3 trial include that enrollment was completed last year, clinical trial site visits are only every three months, and that patients take the oral study drug at home. Together with our clinical trial sites and consistent with recent regulatory guidance, we have developed contingency plans that we are implementing as needed to enable the continued conduct of the Phase 3 trial as well as the open-label extension GalaxyDMD trial."

    Recent and Upcoming Corporate Highlights

    • The fully enrolled Phase 3 PolarisDMD trial of edasalonexent in Duchenne muscular dystrophy (DMD) is progressing with top-line results expected in Q4 2020.
      • Patient enrollment was completed in 2019 with 131 boys enrolled across 8 countries.
      • The Phase 3 PolarisDMD trial is intended to support a new drug application (NDA) for commercial registration of edasalonexent in 2021.
      • Contingency plans are in place to enable the continued conduct of our Phase 3 PolarisDMD and GalaxyDMD clinical trials. These plans include the delivery of study drug to patients' homes, increased flexibility in the timing of patient visits, and use of telehealth for remote visits to monitor safety and assess patients where in-person visits are not available.
    • The open-label extension GalaxyDMD trial continues to enroll boys who have completed treatment in the Phase 3 PolarisDMD trial. Their eligible siblings up to age 12 have the option to enroll as well.
    • Catabasis closed a $26.5 million underwritten public offering in February 2020. The proceeds will be used for clinical trial and other research and development activities; initial commercialization preparations; and for working capital and other general corporate purposes. Based on the Company's current operating plan, Catabasis expects that it has sufficient cash to fund operations through a potential NDA filing and into Q3 2021.
    • Catabasis plans to commercialize edasalonexent in the US and we are evaluating our commercialization strategy outside of the US. We are encouraged by the favorable feedback we have received from healthcare providers and payors on the potential profile for edasalonexent and the meaningful role it could play as a foundational therapy for all patients with DMD, regardless of mutation.
    • Clinical findings supporting edasalonexent treatment in young boys being associated with age-normative growth and normal adrenal function from the Phase 2 MoveDMD trial and open-label extension were presented at the Muscular Dystrophy Association Virtual Clinical Trials Session by Dr. Erika Finanger, M.D., Division of Neurology at Oregon Health and Science University and a Principal Investigator for the Phase 2 MoveDMD, Phase 3 PolarisDMD, and open-label extension GalaxyDMD trials of edasalonexent in DMD.
    • Catabasis and Duchenne UK entered into a partnership to evaluate edasalonexent in a Phase 2 trial in non-ambulatory DMD patients. Duchenne UK granted Catabasis over $600,000 in funding to support patient and clinical trial site costs. This planned Phase 2 trial is designed to assess safety and pharmacokinetics of edasalonexent and exploratory measures of function including cardiac, skeletal muscle and pulmonary function in non-ambulatory DMD patients.

    First Quarter 2020 Financial Results

    Cash Position: As of March 31, 2020, Catabasis had cash, cash equivalents and short-term investments of $55.1 million, compared to $36.2 million as of December 31, 2019. Based on the Company's current operating plan, Catabasis expects that it has sufficient cash to fund operations through a potential NDA filing and into Q3 2021. Net cash used in operating activities for the three months ended March 31, 2020 was $7.0 million, compared to $6.6 million for the three months ended March 31, 2019.

    R&D Expenses: Research and development expenses were $5.3 million for the three months ended March 31, 2020, compared to $4.2 million for the three months ended March 31, 2019.

    G&A Expenses: General and administrative expenses were $2.8 million for the three months ended March 31, 2020, compared to $2.1 million for the three months ended March 31, 2019.

    Operating Loss: Loss from operations was $8.0 million for the three months ended March 31, 2020, compared to $6.3 million for the three months ended March 31, 2019.

    Net Loss: Net loss was $8.0 million, or $0.50 per share, for the three months ended March 31, 2020, compared to a net loss of $6.0 million, or $0.62 per share, for the three months ended March 31, 2019.

    About Edasalonexent (CAT-1004)

    Edasalonexent (CAT-1004) is an investigational oral small molecule designed to inhibit NF-kB that is being developed as a potential foundational therapy for all patients affected by DMD, regardless of their underlying mutation. In DMD the loss of dystrophin leads to chronic activation of NF-kB, which is a key driver of skeletal and cardiac muscle disease progression. Our ongoing global Phase 3 PolarisDMD trial is evaluating the efficacy and safety of edasalonexent for registration purposes. Edasalonexent is also being evaluated in the GalaxyDMD open-label extension trial. In our MoveDMD Phase 2 trial and open-label extension, we observed that edasalonexent preserved muscle function and substantially slowed disease progression compared to rates of change in a control period, and significantly improved biomarkers of muscle health and inflammation. The FDA has granted orphan drug, fast track, and rare pediatric disease designations and the European Commission has granted orphan medicinal product designation to edasalonexent for the treatment of DMD. For a summary of clinical results, please visit www.catabasis.com.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

    Forward Looking Statements

    Any statements in this press release about future expectations, plans and prospects for the Company, including statements about the potential impact of the COVID-19 pandemic on the Company's business and operations, statements about future clinical trial plans including, among other things, statements about the potential commencement of the Company's planned Phase 2 trial in non-ambulatory patients, the Company's global Phase 3 PolarisDMD trial in DMD to evaluate the efficacy and safety of edasalonexent for registration purposes, including the anticipated timing for top-line results, the potential timing for the filing of an NDA, the Company's cash expectations, the Company's planned transition to a commercial-stage organization and other statements containing the words "believes," "anticipates," "plans," "expects," "may" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks and uncertainties related to the impact of the COVID-19 pandemic, uncertainties inherent in the initiation and completion of preclinical studies and clinical trials and clinical development of the Company's product candidates; whether interim results from a clinical trial will be predictive of the final results of the trial or the results of future trials; expectations for regulatory approvals to conduct trials or to market products; availability of funding sufficient for the Company's foreseeable and unforeseeable operating expenses and capital expenditure requirements; other matters that could affect the availability or commercial potential of the Company's product candidates; and general economic and market conditions and other factors discussed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2020, which is on file with the Securities and Exchange Commission, and in other filings that the Company may make with the Securities and Exchange Commission in the future. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

    Catabasis Pharmaceuticals, Inc.

    Consolidated Statements of Operations

    (In thousands, except share and per share data)

    (Unaudited)

     

     

     

     

     

    Three Months Ended March 31,

     

     

    2020

     

    2019

     
    Operating expenses:
    Research and development

     

    5,289

     

     

    4,197

     

    General and administrative

     

    2,753

     

     

    2,137

     

    Total operating expenses

     

    8,042

     

     

    6,334

     

    Loss from operations

     

    (8,042

    )

     

    (6,334

    )

    Other income (expense):
    Interest and investment income

     

    167

     

     

    226

     

    Other (expense) income, net

     

    (77

    )

     

    70

     

    Total other income, net

     

    90

     

     

    296

     

    Net loss

    $

    (7,952

    )

    $

    (6,038

    )

    Net loss per share - basic and diluted

    $

    (0.50

    )

    $

    (0.62

    )

    Weighted-average common shares outstanding used in net loss per share - basic and diluted

     

    15,898,664

     

     

    9,686,224

     

    Catabasis Pharmaceuticals, Inc.

    Selected Consolidated Balance Sheets Data

    (In thousands)

    (Unaudited)

     

     

     

     

     

     

     

    March 31,

     

    December 31,

     

     

    2020

     

    2019

    Assets
    Cash and cash equivalents

    $

    13,344

    $

    9,899

    Short-term investments

     

    41,759

     

    26,345

    Right-of-use asset

     

    1,799

     

    2,349

    Other current and long-term assets

     

    2,274

     

    3,187

    Total assets

     

    59,176

     

    41,780

    Liabilities and stockholders' equity
    Current portion of operating lease liabilities

     

    879

     

    1,225

    Long-term portion of operating lease liabilities

     

    875

     

    1,028

    Other current and long-term liabilities

     

    3,711

     

    3,807

    Total liabilities

     

    5,465

     

    6,060

    Total stockholders' equity

    $

    59,176

    $

    41,780

    Catabasis Pharmaceuticals, Inc.

    Selected Consolidated Statements of Cash Flows Data

    (In thousands)

    (Unaudited)

     

     

     

     

     

    Three Months Ended March 31,

     

     

    2020

     

    2019

    Net cash used in operating activities

    $

    (6,989

    )

    $

    (6,587

    )

    Net cash used in investing activities

     

    (15,432

    )

     

    (17,738

    )

    Net cash provided by financing activities

     

    25,624

     

     

    20,683

     

    Net increase (decrease) in cash, cash equivalents and restricted cash

    $

    3,203

     

    $

    (3,642

    )

     

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  4. Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, today shared information on the edasalonexent program in Phase 3 development for the treatment of Duchenne muscular dystrophy (DMD) in poster presentations at the 2020 Muscular Dystrophy Association (MDA) Virtual Poster Session. The three posters include an analysis of the baseline characteristics of patients enrolled in the Phase 3 PolarisDMD trial, age-normative growth and normal adrenal function seen in the Phase 2 MoveDMD trial and open-label extension, and experience with capsule swallowing in both clinical trials for edasalonexent in boys with DMD. Top-line results from the Phase 3 trial are expected in Q4 2020.

    "As we advance our Phase 3 PolarisDMD…

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, today shared information on the edasalonexent program in Phase 3 development for the treatment of Duchenne muscular dystrophy (DMD) in poster presentations at the 2020 Muscular Dystrophy Association (MDA) Virtual Poster Session. The three posters include an analysis of the baseline characteristics of patients enrolled in the Phase 3 PolarisDMD trial, age-normative growth and normal adrenal function seen in the Phase 2 MoveDMD trial and open-label extension, and experience with capsule swallowing in both clinical trials for edasalonexent in boys with DMD. Top-line results from the Phase 3 trial are expected in Q4 2020.

    "As we advance our Phase 3 PolarisDMD trial, we gain valuable insights into the full potential of edasalonexent," said Joanne Donovan, M.D., Ph.D., Chief Medical Officer of Catabasis. "We are pleased to share additional information supporting the design of the Phase 3 PolarisDMD trial and showing long-term safety of edasalonexent. In addition to being well-tolerated in over 100 cumulative years of patient exposure, edasalonexent has shown potential to both preserve muscle function as well as positive cardiac effects. Those living with Duchenne have limited treatment options, and our goal is for edasalonexent to be a new foundational therapy."

    An analysis of the baseline characteristics of the patients enrolled in the Phase 3 PolarisDMD trial was performed compared to the patients enrolled in the previous Phase 2 MoveDMD trial and found overall similar baseline characteristics in the patient populations in the two trials. Both the Phase 3 PolarisDMD trial and the Phase 2 MoveDMD trial enrolled boys affected by DMD ages 4 to 7 (up to 8th birthday) with any mutation type who had not been on steroids for the previous 6 months. There were no significant differences between the two trials in baseline age, North Star Ambulatory Assessment (NSAA) score and timed function test values (time to stand, 4-stair climb, and 10-meter walk/run). These findings are believed to support the assumptions on which the Phase 3 trial was powered.

    Catabasis also shared long-term safety and tolerability data from the MoveDMD trial and open-label extension. Edasalonexent was associated with age-normative growth, without negative impact on bone health, and normal adrenal function in boys with DMD as it does not impact the glucocorticoid receptor. There was no evidence of adrenal insufficiency for up to 150 weeks of edasalonexent treatment, and no clinically significant changes in cortisol or ACTH. Additionally, edasalonexent treatment in a mdx mouse model of DMD preserved bone length and bone density. In more than 100 years of cumulative patient exposure, edasalonexent has been well-tolerated, with no serious adverse events on treatment, and without the adverse effects associated with high-dose steroids. In both the Phase 2 MoveDMD trial and the ongoing Phase 3 PolarisDMD trial, 97% of 4 to 7 year-old boys with DMD screened for the studies were able to swallow soft-gel study drug capsules. There have been no discontinuations due to capsule burden. This demonstrates that edasalonexent has the potential to be broadly adopted by those affected by DMD and supports the long-term safety and tolerability of edasalonexent.

    Posters from the MDA Virtual Poster Session are available under "Our Science" at www.catabasis.com.

    About Edasalonexent (CAT-1004)

    Edasalonexent (CAT-1004) is an investigational oral small molecule designed to inhibit NF-kB that is being developed as a potential foundational therapy for all patients affected by DMD, regardless of their underlying mutation. In DMD the loss of dystrophin leads to chronic activation of NF-kB, which is a key driver of skeletal and cardiac muscle disease progression. Our ongoing global Phase 3 PolarisDMD trial is evaluating the efficacy and safety of edasalonexent for registration purposes. Edasalonexent is also being dosed in the GalaxyDMD open-label extension trial. In our MoveDMD Phase 2 trial and open-label extension, we observed that edasalonexent preserved muscle function and substantially slowed disease progression compared to rates of change in a control period, and significantly improved biomarkers of muscle health and inflammation. The FDA has granted orphan drug, fast track, and rare pediatric disease designations and the European Commission has granted orphan medicinal product designation to edasalonexent for the treatment of DMD. For a summary of clinical results, please visit www.catabasis.com.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

    Forward Looking Statements

    Any statements in this press release about future expectations, plans and prospects for the Company, including statements about future clinical trial plans including, the Company's global Phase 3 PolarisDMD trial in DMD to evaluate the efficacy and safety of edasalonexent for registration purposes, anticipated timing for top-line results and other statements containing the words "believes," "anticipates," "plans," "expects," "may" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties inherent in the initiation and completion of preclinical studies and clinical trials and clinical development of the Company's product candidates; whether interim results from a clinical trial will be predictive of the final results of the trial or the results of future trials; expectations for regulatory approvals to conduct trials or to market products; availability of funding sufficient for the Company's foreseeable and unforeseeable operating expenses and capital expenditure requirements; other matters that could affect the availability or commercial potential of the Company's product candidates; and general economic and market conditions and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2019, which is on file with the Securities and Exchange Commission, and in other filings that the Company may make with the Securities and Exchange Commission in the future. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

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  5. Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, will report first quarter 2020 financial results after the Nasdaq Global Market close on Tuesday, May 12, 2020.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

    Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company, will report first quarter 2020 financial results after the Nasdaq Global Market close on Tuesday, May 12, 2020.

    About Catabasis

    At Catabasis Pharmaceuticals, our mission is to bring hope and life-changing therapies to patients and their families. Our lead program is edasalonexent, an NF-kB inhibitor in Phase 3 development for the treatment of Duchenne muscular dystrophy. For more information on edasalonexent and our Phase 3 PolarisDMD trial, please visit www.catabasis.com.

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