Gain Therapeutics, Inc. Stock Price, News & Analysis

Gain Therapeutics (Nasdaq: GANX), a clinical-stage biotech company, announced its participation in the BTIG Virtual Biotechnology Conference on August 5-6, 2024. The company's interim-CEO and CFO, Gene Mack, along with Chief Medical Officer, Jonas Hannestad, will engage in a fireside chat and one-on-one meetings during the event.

Key details:

• Fireside chat scheduled for August 6, 2024, at 4:00pm ET
• Interested parties can arrange meetings through their BTIG representative
• An archived replay of the fireside chat will be available on the company's website

Gain Therapeutics specializes in developing next-generation allosteric small molecule therapies, positioning itself at the forefront of innovative biotechnology research and development.

Gain Therapeutics announced the completion of dosing in the Multiple Ascending Dose (MAD) part of their Phase 1 study for GT-02287, a novel small molecule therapy for Parkinson's Disease. Conducted without any serious adverse events or discontinuations, the study indicates that GT-02287 is well-tolerated. The topline data from this randomized, double-blind, placebo-controlled study is expected in mid-August 2024, with full safety analysis and plasma pharmacokinetics to be presented later. The company aims to initiate trials in Parkinson’s disease patients by Q4 2024. The MAD phase, begun in February 2024, involved 32 healthy volunteers completing 14 days of daily oral doses. The completion of the Single Ascending Dose (SAD) part in April 2024 also reported no serious adverse events. Preclinical data shows GT-02287 effectively restores the function of the enzyme glucocerebrosidase, which is linked to Parkinson’s disease due to GBA1 gene mutations.

Gain Therapeutics (Nasdaq: GANX) has announced a business update conference call scheduled for July 1, 2024, at 8:30am ET, hosted by interim-CEO and current CFO Gene Mack. This call will provide a corporate update and can be accessed via the company's website. A recorded version and transcript will be available on the site within 24 hours post-event.

Gain Therapeutics (NASDAQ: GANX) has announced the appointment of Gene Mack as interim CEO following the departure of Matthias Alder, effective June 25, 2024. Mack will also retain his role as CFO. Khalid Islam, founder and Chairman, will serve as Executive Chairman during the transition. Alder contributed significantly to the company's progress, particularly advancing GT-02287 into clinical development, which recently showed promising preclinical results for improving cognitive performance in GBA1 Parkinson's disease models. The company remains focused on the continued development of GT-02287.

Gain Therapeutics has presented data at the Federation of European Neuroscience Societies (FENS) Forum 2024 showing that their lead therapeutic candidate, GT-02287, has significantly improved cognitive function and activities of daily living in a preclinical model of GBA1 Parkinson's disease (GBA1-PD). The study demonstrated a reversal of motor function deficits in mice, assessed through nest-building and motor performance tests. The GT-02287 therapy was administered orally and showed promising results in enhancing daily activities reflecting human cognitive performance. The presentation, made on June 27, 2024, aligns with the company’s ongoing Phase 1 clinical study aimed at delivering effective treatments for Parkinson’s disease.

Gain Therapeutics, a clinical-stage biotechnology company, announced that its CFO, Gene Mack, will participate in H.C. Wainwright's 5th Annual Neuro Perspectives Virtual Conference on June 27, 2024. The event will feature a fireside chat and virtual one-on-one meetings. Attendees can watch the fireside chat starting at 7:00am ET through an on-demand webcast. A replay will be available on Gain Therapeutics' website under the Investors and Media section following the event. Gain Therapeutics is recognized for its work in developing allosteric small molecule therapies.

Gain Therapeutics announced the pricing of an $11.0 million public offering, consisting of 7,116,547 common shares at $1.35 per share and pre-funded warrants for 1,031,602 shares. The pre-funded warrants are exercisable immediately. Gain has also given the underwriter a 30-day option to purchase an additional 1,222,222 common shares. Titan Partners Group is the sole bookrunner. The offering is set to close around June 17, 2024, pending customary conditions. The proceeds will support clinical and nonclinical development of GT-02287 for neurodegenerative diseases and other corporate purposes. The securities are being offered via a prospectus supplement, which is available on the SEC's website.

Gain Therapeutics, a Nasdaq-listed company (GANX), announced a public offering of its common stock and pre-funded warrants. The offering's final terms will depend on market conditions. Gain plans to use the proceeds to further develop its lead candidate, GT-02287, aimed at treating neurodegenerative diseases like GBA1 Parkinson's disease, and for general corporate purposes. Titan Partners Group is the sole bookrunner for this offering. All securities will be offered by Gain under a previously filed shelf registration statement with the SEC.

Gain Therapeutics has announced that its late-breaking abstract on GT-02287, a clinical-stage GCase enhancer, has been accepted for presentation at the FENS Forum 2024 in Vienna. New data reveals improvements in cognitive performance in a preclinical model of GBA1 Parkinson’s disease. The presentation is scheduled for June 27, 2024, and will be delivered by Dr. Beatriz Calvo-Flores Guzman. The FENS Forum is Europe's largest neuroscience congress, encompassing both basic and translational research. This recognition could potentially highlight the innovative strides Gain Therapeutics is making in the biotechnology sector, particularly in treating neurodegenerative diseases.