February 14, 2025 - 🧬 [nGram] Today’s Biotech Scoop: NKGen's Alzheimer's Trial, Encoded's Dravet Progress, NeuroPace's $65M Offering


  1. NKGen Biotech publishes phase 1 troculeucel trial results for Alzheimer's treatment
    • Phase 1 trial of troculeucel showed stable/improved outcomes in 90% of subjects with no drug-related adverse events.
    • The therapy was well-tolerated and reduced neuroinflammatory biomarkers, with dose-dependent decreases in pTau181 and GFAP.
    • A larger trial with higher dosing is ongoing in the U.S.
    • Follow-up Phase 1/2a trial is enrolling patients for the Phase 2 cohort.
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  2. Encoded Therapeutics reports clinical progress of ETX101 gene therapy for Dravet syndrome
    • ETX101 is an AAV9-based gene therapy targeting SCN1A+ Dravet syndrome, with ongoing trials in the US, UK, and Australia.
    • Eight patients have been treated with multiple dose levels, showing no treatment-related serious adverse events.
    • Preliminary safety and efficacy data are expected in the second half of 2025.
    • ETX101 has received Fast Track, Rare Pediatric, and Orphan Drug Designations from the FDA and Orphan Designation from the EMA.
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  3. NeuroPace announces pricing of public offering of $65 million of common stock
    • NeuroPace has priced an underwritten public offering of 6,500,000 shares at $10.00 per share.
    • The offering is expected to generate gross proceeds of $65 million, with a closing date of February 18, 2025.
    • A 30-day option allows underwriters to purchase an additional 975,000 shares at the same price.
    • Proceeds will be used for share repurchase, clinical trials, R&D, and general corporate purposes.
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