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The Crohn’s & Colitis Foundation invested up to $500,000 in Palisade Bio to advance a promising oral drug for severe inflammatory bowel diseases.
Palisade Bio received a strategic equity investment of up to $500,000 from the Crohn’s & Colitis Foundation’s IBD Ventures program to advance PALI-2108, a once-daily oral PDE4 inhibitor prodrug targeting fibrostenotic Crohn’s disease and moderate to severe ulcerative colitis.
The drug has completed Phase 1a and 1b trials in both conditions, with ongoing Phase 1b studies in fibrostenotic Crohn’s disease.
The company’s shares rose 1.6% on the news, reflecting optimism over the treatment’s potential to address unmet medical needs.
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La Fundación Crohn's & Colitis invirtió hasta $ 500,000 en Palisade Bio para desarrollar un prometedor medicamento oral para enfermedades intestinales inflamatorias graves.