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Eledon Announces Updated Data from Investigator-Initiated Islet Transplant Trial of Tegoprubart in Patients with Type 1 Diabetes (T1D) at UChicago Medicine

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Eledon (NASDAQ: ELDN) reported updated data from a 12-patient, investigator-initiated islet transplant trial of tegoprubart in type 1 diabetes at UChicago Medicine.

According to Eledon, 100% of patients achieved insulin independence, mean HbA1c fell from ~8.0% to ~5.4%, and no severe post-transplant hypoglycemia or rejection episodes were observed over up to 22 months.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

  • All 12 patients (100%) achieved insulin independence after islet transplantation with tegoprubart-based immunosuppression
  • Mean most recent HbA1c improved from approximately 8.0% to about 5.4% across the cohort
  • No severe hypoglycemic episodes reported post-transplant despite recurrent severe events in all patients pre-transplant
  • No rejection episodes and no de novo donor-specific HLA antibodies observed in any of the 12 patients
  • Higher post-transplant islet cell engraftment than in historical tacrolimus-based regimens at UChicago Medicine
  • No nephrotoxicity, hypertension or neurotoxicity observed, toxicities commonly associated with tacrolimus-based regimens

Negative

  • Clinical data come from a small, single-center pilot study with only 12 adult patients
  • Median follow-up of 8 months and maximum 22 months limits long-term durability assessment
  • Tegoprubart remains investigational, with regulatory guidance on a potential path to market still pending

News Market Reaction – ELDN

+4.69%
2 alerts
+4.69% News Effect
+4.0% Peak Tracked
+$12M Valuation Impact
$263.21M Market Cap
1.40K Volume

On the day this news was published, ELDN gained 4.69%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.0% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $12M to the company's valuation, bringing the market cap to $263.21M at that time.

Data tracked by StockTitan Argus on the day of publication.

What This Means

This announcement highlights compelling investigator-initiated data for tegoprubart, with all 12 pat...
Analysis

This announcement highlights compelling investigator-initiated data for tegoprubart, with all 12 patients achieving insulin independence and mean HbA1c around 5.4% alongside a clean safety profile. It builds on prior islet and kidney transplant updates that showed consistent efficacy and tolerability. Investors may track upcoming regulatory interactions, future islet and kidney studies, overall cash usage, and any use of the recently registered $500,000,000 shelf and at-the-market facility.

Key Figures

Study patients: 12 patients (n=12) Insulin independence: 100% (12/12 patients) Most recent HbA1c: Mean ~5.4% +5 more
8 metrics
Study patients 12 patients (n=12) Investigator-initiated islet transplant trial at UChicago Medicine
Insulin independence 100% (12/12 patients) Post-transplant insulin independence in T1D patients
Most recent HbA1c Mean ~5.4% Most recent HbA1c across cohort, all below 6.5%
HbA1c improvement ~2.6% average reduction Improvement from baseline HbA1c after transplantation
Median follow-up 8 months Median post-transplant follow-up duration
Max follow-up 22 months Maximum post-transplant follow-up duration
Diabetes duration ~33 years (median) Median duration of T1D prior to transplantation
Baseline HbA1c ~8.0% Mean HbA1c prior to transplantation

Historical Context

5 past events · Latest: May 20 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 20 Clinical data preview Positive +1.3% Upcoming BESTOW kidney transplant data presentations and investor call details.
May 13 Earnings & pipeline Positive +1.8% Q1 2026 results plus tegoprubart progress and cash runway update.
Mar 19 Full-year results Positive +1.1% 2025 results with strong islet and kidney transplant data for tegoprubart.
Mar 16 Islet trial update Positive +2.0% Updated UChicago islet data showing insulin independence and good safety.
Mar 10 Orphan designation Positive +0.0% FDA Orphan Drug designation for liver transplantation prevention of rejection.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent clinical and regulatory updates for tegoprubart have generally been followed by modestly positive or flat price reactions.

Recent Company History

Over the last few months, ELDN has repeatedly highlighted progress for tegoprubart across islet, kidney and liver transplantation. On Mar 10, an FDA Orphan Drug designation for liver transplantation saw a flat reaction. Subsequent updates on islet data and long‑term kidney results on Mar 16, Mar 19, and Q1 earnings on May 13 were followed by small gains of 2.04%, 1.05%, and 1.8%. A May 20 clinical presentation preview added another 1.3%. Against that backdrop, today’s negative move contrasts with the stock’s usual positive response to tegoprubart news.

Regulatory & Risk Context

Active S-3 Shelf · $500,000,000 · Short Interest: 13.6%
Shelf Active
Short Interest
13.6% of float
0% 15% 30%+
moderate as of 2026-05-29 Days to cover: 7.91
Active S-3 Shelf Registration 2026-05-01
$500,000,000 registered capacity

An effective S-3 shelf filed on 2026-05-01 permits Eledon to offer up to $500,000,000 in securities, including an at-the-market program of up to $75,000,000 in common stock, providing substantial flexibility to raise capital as needed.

Key Terms

anti-cd40l antibody, allogeneic islet cell transplantation, hemoglobin a1c, severe hypoglycemia, +4 more
8 terms
anti-cd40l antibody medical
"tegoprubart, its investigational anti-CD40L antibody, as part of a calcineurin inhibitor-free"
An anti-CD40L antibody is a laboratory-made protein that binds to CD40 ligand, a molecule that helps turn immune responses on or off, and by doing so it dampens or reprograms parts of the immune system. Investors pay attention because these drugs target diseases like autoimmune conditions or transplant rejection, so clinical trial outcomes, safety signals, and regulatory decisions can sharply affect a developer’s market value, similar to how a promising new engine can change an automaker’s prospects.
allogeneic islet cell transplantation medical
"type 1 diabetes undergoing allogeneic islet cell transplantation at the University of Chicago"
Allogeneic islet cell transplantation is a medical procedure that implants insulin-producing cells taken from a donor into a patient to restore the body’s ability to regulate blood sugar. For investors, it matters because successful, scalable versions could reduce lifelong insulin use and create commercial opportunities in treatments for type 1 diabetes, while also carrying risks such as immune rejection, long-term drug needs, limited donor supply and regulatory hurdles.
hemoglobin a1c medical
"most recent hemoglobin A1C (“HbA1c”) below the diabetic threshold of 6.5%"
A1c is a blood test that shows the average level of blood sugar over the previous two to three months, similar to a three-month average on a utility bill rather than a single daily reading. Investors care because A1c is a primary measure used to judge how well diabetes treatments and devices work, influences regulatory approvals, clinical trial success, reimbursement decisions, and the size of markets for related therapies and diagnostics.
severe hypoglycemia medical
"no severe hypoglycemic episodes were reported following transplantation. Severe hypoglycemia is a"
Severe hypoglycemia is an episode of dangerously low blood sugar that leaves a person unable to treat themselves and typically requires assistance from another person or emergency medical care. Think of it like a car suddenly losing power: it can cause confusion, fainting, seizures or unconsciousness and carries immediate health and liability risks. For investors it matters because frequency and severity affect a treatment’s safety record, regulatory approval, reimbursement, trial outcomes and market acceptance.
calcineurin inhibitor-free immunosuppression medical
"tegoprubart, as part of a calcineurin inhibitor-free immunosuppression regimen."
A treatment strategy for transplant patients that avoids the use of calcineurin inhibitors—an established class of powerful immune-suppressing drugs—by relying on alternative medicines or combinations to prevent organ rejection. Investors should note it matters because these regimens aim to reduce long-term side effects (like kidney damage) and improve patient quality of life, which can change drug demand, clinical trial outcomes, approval prospects and long-term healthcare costs; think of it as swapping a harsh cleaner for a gentler product that protects the surface better over time.
tacrolimus medical
"historical patients treated with a tacrolimus-based immunosuppression regimen at UChicago"
Tacrolimus is a prescription drug that suppresses the immune system to prevent organ transplant rejection and treat certain autoimmune conditions; imagine it as a thermostat that lowers the immune system’s “heat” so the body doesn’t attack transplanted tissue. It matters to investors because regulatory approvals, patent life, manufacturing capacity, pricing and the arrival of generic competitors or safety data directly affect sales and profitability for drugmakers and can move stock prices.
nephrotoxicity medical
"no evidence of nephrotoxicity, hypertension or neurotoxicity, which are commonly associated"
Nephrotoxicity is damage to the kidneys caused by a drug, chemical or other substance that impairs their ability to filter waste and balance fluids. Investors care because evidence of kidney harm can delay or block regulatory approval, increase development and legal costs, and reduce a product’s market potential—like discovering a car has an engine flaw late in production that shrinks sales and raises repair bills.
donor-specific hla antibodies medical
"no patients developed de novo donor-specific HLA antibodies."
Donor-specific HLA antibodies are immune proteins made by a transplant recipient that target the donor’s HLA molecules — the cellular “ID tags” that help the body recognize its own tissue. They matter to investors because their presence raises the risk that a transplanted organ or cell therapy will be rejected, which can influence clinical trial success, regulatory decisions, market adoption, and the financial outlook for companies developing transplants, diagnostics, or anti-rejection treatments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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– All 12 patients in study (100%) achieved insulin independence, producing their own insulin and no longer requiring exogenous insulin therapy to manage their T1D

– All 12 patients also achieved an HbA1c below 6.5%, with a mean most recent HbA1c of approximately 5.4%, representing an approximately 2.6% average improvement in HbA1c from baseline

– No severe hypoglycemic episodes were reported post-transplant, compared with a history of recurrent severe hypoglycemic events prior to transplantation in all enrolled patients

IRVINE, Calif., June 08, 2026 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN) today announced updated results from an investigator-initiated trial evaluating tegoprubart, its investigational anti-CD40L antibody, as part of a calcineurin inhibitor-free immunosuppression regimen in patients with type 1 diabetes undergoing allogeneic islet cell transplantation at the University of Chicago Medicine Transplant Institute. The results were presented by trial investigator Piotr Witkowski, M.D., Ph.D., Director of the Pancreas and Islet Transplant Program at UChicago Medicine, at the American Diabetes Association 86th Scientific Sessions, taking place June 5-9, 2026, in New Orleans, Louisiana.

All patients treated in the study (n=12) showed rapid improvement in glycemic control following islet transplantation and treatment with tegoprubart, with stable islet graft function observed across the cohort over a median and maximum post-transplant follow-up period of 8 and 22 months, respectively. All 12 patients achieved insulin independence, meaning that they no longer needed chronic, exogenous insulin therapy to manage their T1D. Also, all patients demonstrated a most recent hemoglobin A1C (“HbA1c”) below the diabetic threshold of 6.5%, with a mean most recent HbA1c of approximately 5.4% across the cohort.

While all patients enrolled reported recurrent severe hypoglycemic events pre-transplant, no severe hypoglycemic episodes were reported following transplantation. Severe hypoglycemia is a serious complication of type 1 diabetes that may require emergency medical intervention and can cause loss of consciousness, seizures, injury, or death. Recurrent severe hypoglycemic episodes can significantly impact patients’ daily activities and quality of life.

Higher levels of post-transplant islet cell engraftment were observed with the tegoprubart-based immunosuppression regimen than in historical patients treated with a tacrolimus-based immunosuppression regimen at UChicago Medicine. There were no rejection episodes, and no patients developed de novo donor-specific HLA antibodies. Tegoprubart-based immunosuppression was generally well tolerated, with immunosuppression-related adverse events generally successfully treated by lowering the mycophenolic acid dose, if necessary. Additionally, no evidence of nephrotoxicity, hypertension or neurotoxicity, which are commonly associated with tacrolimus-based immunosuppression regimens, was observed. These findings further support the potential of CD40L blockade to enable effective islet graft protection while avoiding the toxicities of calcineurin inhibitors such as tacrolimus.

The investigator-initiated pilot study enrolled 12 adults with long-standing T1D undergoing allogeneic islet transplantation at UChicago Medicine with a median duration of diabetes of approximately 33 years and mean HbA1c of approximately 8.0% prior to transplantation. Participants received tegoprubart, as part of a calcineurin inhibitor-free immunosuppression regimen. Calcineurin inhibitors such as tacrolimus are commonly used to prevent transplant rejection but can be associated with kidney toxicity, hypertension, neurological side effects, and harm to insulin-producing islet cells, limiting their suitability for long-term use in patients with T1D receiving an islet cell transplant.

“T1D patients have been waiting decades for a potential functional cure, and it is exciting to see the progress being made in that direction through the emerging promise of tegoprubart,” said David-Alexandre C. Gros, M.D., Chief Executive Officer of Eledon. “For people who have difficulty managing T1D, a regimen that may protect an islet cell graft without the long-term burden associated with calcineurin inhibitors, the current standard of care, could be transformational. We are proud to support this important research effort led by Dr. Witkowski and the team at UChicago Medicine. We also look forward to working closely with the FDA towards our goal of receiving regulatory guidance on a path to market for tegoprubart in islet cell transplantation later this year.”

“Insulin independence without the burden of traditional immunosuppression has long been one of cell replacement therapy's biggest goals,” said Aaron Kowalski, Ph.D., Chief Executive Officer of Breakthrough T1D. “Results like these show that this goal is becoming increasingly achievable. Breakthrough T1D is proud to fund this important study.”

This UChicago Medicine-initiated clinical trial is funded by Breakthrough T1D, with initial support from The Cure Alliance. Breakthrough T1D has also committed to fund a second study evaluating tegoprubart as part of a calcineurin inhibitor-free immunosuppression drug regimen to prevent islet transplant rejection in individuals with T1D and chronic kidney disease.

About Islet Transplantation for Type 1 Diabetes

Pancreatic islet transplantation is a minimally invasive procedure developed to provide blood glucose control for subjects with type 1 diabetes and minimize or eliminate dependence on insulin. During the procedure, pancreatic islets containing insulin-producing beta cells are isolated from the pancreas of a deceased organ donor and infused through a small catheter into the patient’s liver. The islet cells lodge in small blood vessels in the liver and release insulin. After the procedure, subjects remain on immunosuppression therapy to prevent transplant rejection.

About Eledon Pharmaceuticals and tegoprubart

Eledon Pharmaceuticals, Inc. is a clinical stage biotechnology company that is developing immune-modulating therapies for the management and treatment of life-threatening conditions. The Company’s lead investigational product is tegoprubart, an anti-CD40L antibody with high affinity for the CD40 Ligand, a well-validated biological target that has broad therapeutic potential. The central role of CD40L signaling in both adaptive and innate immune cell activation and function positions it as an attractive target for non-lymphocyte depleting, immunomodulatory therapeutic intervention. The Company is building upon a deep historical knowledge of anti-CD40 Ligand biology to conduct preclinical and clinical studies in kidney allograft transplantation, xenotransplantation, islet cell transplantation, liver allograft transplantation and amyotrophic lateral sclerosis (ALS). Eledon is headquartered in Irvine, California. For more information, please visit the Company’s website at www.eledon.com.

Follow Eledon Pharmaceuticals on social media: LinkedInX

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. Any statements about the company’s planned clinical trials, the development of product candidates, expected or future results of tegoprubart trials and its ability to prevent rejection in connection with islet cell transplantation, as well as other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “estimates,” “intends,” “predicts,” “projects,” “targets,” “looks forward,” “could,” “may,” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and are subject to numerous risks and uncertainties, including: risks relating to the safety and efficacy of our drug candidates; risks relating to clinical development timelines, including interactions with regulators and clinical sites, as well as patient enrollment; and risks relating to costs of clinical trials and the sufficiency of the company’s capital resources to fund planned clinical trials. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors. These risks and uncertainties, as well as other risks and uncertainties that could cause the company’s actual results to differ significantly from the forward-looking statements contained herein, are discussed in our quarterly 10-Q, annual 10-K, and other filings with the U.S. Securities and Exchange Commission, which can be found at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof and not of any future date, and the company expressly disclaims any intent to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Stephen Jasper
Gilmartin Group
(858) 525 2047
stephen@gilmartinir.com

Media Contact:

Jenna Urban
CG Life
(212) 253 8881
jurban@cglife.com

Source: Eledon Pharmaceuticals


FAQ

What did Eledon (NASDAQ: ELDN) announce about tegoprubart on June 8, 2026?

Eledon announced updated data from an investigator-initiated islet transplant trial of tegoprubart in type 1 diabetes. According to Eledon, all 12 patients achieved insulin independence and meaningful HbA1c reductions using a calcineurin inhibitor-free immunosuppression regimen at UChicago Medicine.

What were the key efficacy results for tegoprubart in the UChicago Medicine islet transplant trial (ELDN)?

The trial reported 100% insulin independence and HbA1c below 6.5% in all 12 patients. According to Eledon, mean most recent HbA1c was about 5.4%, an average improvement of roughly 2.6 percentage points from a baseline near 8.0%.

How did tegoprubart affect severe hypoglycemia in Eledon’s islet transplant study for T1D (ELDN)?

No severe hypoglycemic episodes were reported after transplantation in the 12 treated patients. According to Eledon, all participants had histories of recurrent severe hypoglycemia before transplant, suggesting a substantial reduction in this serious complication following islet engraftment with tegoprubart-based immunosuppression.

What safety and tolerability outcomes were observed with tegoprubart-based immunosuppression in the ELDN trial?

Tegoprubart-based immunosuppression was generally well tolerated, with manageable immunosuppression-related adverse events. According to Eledon, no rejection occurred, no de novo donor-specific HLA antibodies developed, and no nephrotoxicity, hypertension, or neurotoxicity commonly linked to tacrolimus-based regimens was observed.

How long were patients followed in the Eledon tegoprubart islet transplant pilot study (NASDAQ: ELDN)?

Patients were followed for a median of 8 months, with a maximum of 22 months post-transplant. According to Eledon, islet graft function remained stable across the cohort during this period, supporting continued evaluation but not yet defining long-term durability.

Who funded the tegoprubart islet transplant trial and what future studies are planned for ELDN?

The UChicago Medicine-initiated clinical trial was funded by Breakthrough T1D, with initial support from The Cure Alliance. According to Eledon, Breakthrough T1D has also committed to fund a second study in T1D patients with chronic kidney disease using a similar calcineurin inhibitor-free regimen.

What are Eledon’s next regulatory steps for tegoprubart in islet cell transplantation (ELDN)?

Eledon plans to work with the FDA to obtain regulatory guidance on a potential path to market. According to Eledon, the company expects to engage regulators later in 2026, using these investigator-initiated data to inform discussions on future development.