Thetis Pharmaceuticals Gains New Funding for Phase 1b Trial
Thetis Pharmaceuticals Gains New Funding for Phase 1b Trial
Thetis Pharmaceuticals LLC, a forward-thinking clinical-stage company, is making headway in the treatment of inflammatory bowel disease (IBD) with its innovative drug candidate, TP-317. This small molecule drug targets the BLT1 receptor, aiming to provide relief for patients suffering from both Crohn’s disease and ulcerative colitis. Recently, Thetis announced a significant milestone: securing an additional $8.975 million in program-related investment funding from the Helmsley Charitable Trust.
Investment Overview and Impact on Research
This latest funding marks an important step in advancing clinical trials, bringing the total financial commitment from Helmsley to $14,044,660 dedicated to supporting TP-317’s oral applications as a potential therapy for Crohn’s disease patients. The new funds will directly contribute to a Phase 1b trial focused on ulcerative colitis patients, where the main goal is to identify safe and effective dosing strategies.
Challenges in Current Treatment Options
Current therapeutic options for individuals facing Crohn’s disease, ulcerative colitis, and general IBD are often inadequate, with most patients failing to achieve permanent remission. Effective treatment must not only alleviate inflammation but also rebuild and repair the intestinal lining. By doing so, it can effectively guard against harmful bacteria and inflammatory triggers that compromise health. Notably, no existing therapy currently meets both of these critical treatment goals, leaving a substantial gap in effective IBD management.
Unique Mechanism of TP-317
TP-317 represents a promising approach because it employs Resolvin E1 (RvE1), a naturally occurring lipid. This compound interacts with the LTB4-BLT1 pathway, playing a critical role in controlling inflammation and maintaining intestinal barrier integrity, all while allowing the body to retain its natural defense mechanisms against infections.
Expert Opinions on Treatment Efficacy
Jessica Langer, Ph.D., a Program Officer at Helmsley, stated, "The Crohn’s Disease Program at Helmsley is devoted to addressing patient needs through research and technology advancements that enhance health outcomes." The prior funding from Helmsley enabled Thetis to conclude a Phase 1a study involving healthy volunteers, affirming the favorable safety and tolerability profile of TP-317.
Continuing with this momentum, Dr. Bruce E. Sands, MD, MS, the Dr. Burrill B. Crohn Professor of Medicine at the Icahn School of Medicine at Mount Sinai, expressed optimism regarding TP-317’s unique protective capabilities. “TP-317 has the potential to provide significant benefits for IBD patients, particularly as it minimizes side effects that conventional immune suppressants often entail,” noted Dr. Sands, also portraying his role as a clinical advisor to Thetis.
The Role of Helmsley Charitable Trust
Gary Mathias, Co-Founder and CEO of Thetis, acknowledges the substantial support provided by Helmsley as pivotal in shaping the pathway toward addressing the unmet medical needs in IBD. "Their commitment enables us to push forward with a novel approach to treatment, and we are excited to see how this research unfolds in trials."
As they prepare to enter the next phase of their research, Thetis Pharmaceuticals is eager to discover if TP-317 can successfully expand treatment options and improve the quality of life for those living with IBD.
About Thetis Pharmaceuticals
Thetis Pharmaceuticals is a clinical-stage pharmaceutical company dedicated to creating innovative therapies aimed at chronic inflammatory diseases and cancer management. Their flagship candidate, TP-317, embodies a pioneering oral RvE1 drug model that engages the LTB4-BLT1 pathway, synergizing the body's innate capability to resolve diseases while restoring immune balance. Their commitment to advancing patient care is exemplified through their ongoing clinical research efforts and partnership with organizations like the Helmsley Charitable Trust.
Frequently Asked Questions
What is TP-317?
TP-317 is a first-in-class oral drug candidate being developed by Thetis Pharmaceuticals for the treatment of inflammatory bowel disease (IBD).
How much funding did Thetis Pharmaceuticals secure?
Thetis secured an additional $8.975 million from Helmsley Charitable Trust, totaling $14,044,660 in program-related investments for TP-317.
What is the purpose of the Phase 1b trial?
The Phase 1b trial aims to identify safe and effective dosing of TP-317 for patients with ulcerative colitis.
What makes TP-317 unique compared to other therapies?
TP-317 utilizes a unique mechanism involving Resolvin E1 to control inflammation and protect the intestinal barrier without the side effects common in immune suppression therapies.
Who are the key stakeholders in the development of TP-317?
Key stakeholders include Thetis Pharmaceuticals, Helmsley Charitable Trust, clinical advisors like Dr. Bruce E. Sands, and researchers committed to addressing the challenges of IBD treatment.
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