Strategic Alliances and Collaborations
Lisata signed a research agreement with Catalent and formed a strategic alliance with GATC Health, enhancing their development capabilities and exploring new drug development candidates.
Encouraging Preliminary Trial Results
Preliminary results from ASCEND and iLSTA trials showed promising data for certepetide, indicating positive signals in progression-free survival and objective response rates.
Expense Management and Financial Position
Operating expenses decreased by 10.6% from the previous year, with a reduction in research and development expenses by 13.4%, demonstrating effective cost management.
Patent Extension
A new composition of matter patent for certepetide was issued, extending protection until March 2040, strengthening the company's intellectual property position.
Cash Runway Extension
With $22 million in cash and equivalents, the company expects to support current operations into the fourth quarter of 2026.