Palisade Bio, Inc. - PALI STOCK NEWS

Palisade Bio, a clinical stage biopharmaceutical company focused on therapies for gastrointestinal complications, will participate in the 2022 Virtual Growth Conference from March 28-30, 2022. The conference, organized by Maxim Group LLC, offers a platform for multiple sectors, including Biotech and Healthcare. A video webcast of Palisade's presentation will be available on-demand. Notably, the company is advancing its lead asset, LB1148, which demonstrated promising results in Phase 2 trials and is set to enter Phase 3 in late 2022.

Palisade Bio, a clinical stage biopharmaceutical company, has received a "Study May Proceed" letter from the FDA for its Phase 3 trial of LB1148. This trial aims to evaluate LB1148's ability to accelerate bowel function recovery in patients after abdominal surgery. Approximately 600 subjects will be enrolled in this double-blinded, placebo-controlled study. Previous Phase 2 trials demonstrated LB1148's effectiveness in improving GI function and patient outcomes. Palisade plans to commence the trial in the latter half of 2022, highlighting LB1148's potential to benefit post-surgical patients significantly.

Palisade Bio, Inc. (Nasdaq: PALI) reported significant advancements in its clinical programs and financial results for the year ended December 31, 2021. The merger with Seneca and a $22 million financing provided essential capital to support clinical development. Positive Phase 2 results for LB1148 showed a 1.1-day acceleration in bowel function return after GI surgery, prompting progression to Phase 3 studies.

Furthermore, LB1148 received FDA Fast Track designation for treatment indications, enhancing its development prospects. As of year-end 2021, Palisade held $10.5 million in cash and reduced R&D expenses.

Palisade Bio, Inc. (Nasdaq: PALI) announced significant results from a pooled analysis of its studies on LB1148, a protease inhibitor aimed at reducing postoperative adhesions in bowel resection surgeries. The analysis demonstrated a 72% reduction in adhesion formation and 93% reduction in adhesion severity. Notably, the incidence of adhesions in the placebo group aligned with published rates of 89% and over 90%. LB1148 has received Fast Track designation from the FDA, highlighting its potential to address a critical unmet medical need. A conference call is scheduled for March 16, 2022.

Palisade Bio (Nasdaq: PALI) is presenting pivotal data on post-surgical intraabdominal adhesions at the upcoming SAGES 2022 Annual Meeting on March 16. The ePoster, titled "Pooled-Analysis of Incidence and Severity of Post-Surgical Intraabdominal Adhesions following Bowel Resection Surgery and Treatment with Enteral Protease Inhibitor LB1148," highlights the significant unmet medical need, with nearly 7 million surgeries annually in the U.S. and $2 billion spent on treatment. The company aims to demonstrate how LB1148 can address these complications and improve recovery outcomes.

Palisade Bio, Inc. (Nasdaq: PALI) announced its participation at the Biocom Global Life Science Partnering Conference on February 24, 2022, with CEO Tom Hallam presenting at 11:30 a.m. PT. The company is advancing its lead product candidate, LB1148, towards global Phase 3 studies aimed at restoring bowel function post-GI surgery. Positive Phase 2 trial results indicated safety and significant improvement in recovery time. The in-person conference will bring together key industry stakeholders at The Lodge at Torrey Pines, San Diego, fostering valuable partnerships.

Palisade Bio has expanded its management team by appointing Robert McRae as Senior Vice President, Operations and Strategic Development. McRae brings extensive experience in biotech and will focus on internal operations and corporate strategy as the company prepares for Phase 3 clinical trials of its lead product, LB1148, which aims to address postoperative gastrointestinal complications. Additionally, equity grants covering 100,000 shares have been made to two new employees under the 2021 Inducement Plan.

Palisade Bio (Nasdaq: PALI) announced that data from the pooled analysis of studies LBS-IST-POI-101 and LBS-POI-201-CN will be presented at the SAGES 2022 Annual Meeting. The presentation will cover the incidence and severity of post-surgical intraabdominal adhesions after bowel resection surgery, focusing on the effects of the enteral protease inhibitor LB1148. Notably, LB1148 has previously shown a significant 1.1-day improvement in bowel function recovery. The company's innovative lead drug is progressing towards Phase 3 trials.

Palisade Bio, a clinical stage biopharmaceutical company focused on gastrointestinal therapies, will present at the H.C. Wainwright BIOCONNECT Virtual Conference and Biotech Showcase from January 10-13 and January 10-12, 2022, respectively. Their lead program, LB1148, has demonstrated significant results in a Phase 2 trial, showing a 1.1-day improvement in bowel function recovery post-GI surgery. Presentations will be available through their investor relations website. These events highlight Palisade's commitment to advancing innovative treatments for GI complications.