MapLight Therapeutics updates topline results timeline for Phase 2 trials, expecting them in Q3 2026.
Quiver AI Summary
MapLight Therapeutics, Inc. announced that its Phase 2 ZEPHYR and IRIS clinical studies are advancing ahead of schedule, with topline results now expected in the third quarter of 2026. The ZEPHYR trial, which is testing ML-007C-MA for schizophrenia, is enrolling 300 hospitalized adult participants and is experiencing strong enrollment. The IRIS trial for ML-004 in autism spectrum disorder has completed enrollment and will also present topline results in the same timeframe. CEO Chris Kroeger emphasized the company's commitment to efficient and high-quality clinical execution. MapLight focuses on developing circuit-specific therapies for central nervous system disorders.
Potential Positives
- The Phase 2 ZEPHYR trial for ML-007C-MA is progressing ahead of schedule, with robust enrollment and topline results expected in Q3 2026.
- The completion of enrollment in the Phase 2 IRIS trial for ML-004 allows for topline results to also be anticipated in Q3 2026, indicating a timely advancement in the company's pipeline.
- The accelerated enrollment pace in the ZEPHYR trial reflects the company's disciplined execution and commitment to efficiently advancing its programs while maintaining high quality standards.
Potential Negatives
- The press release emphasizes the company's reliance on forward-looking statements, cautioning investors about potential risks and uncertainties, which may indicate underlying vulnerabilities in their clinical development program.
- While the update on the Phase 2 trials shows progress, the nature of ongoing clinical trials means that no guarantees exist regarding the eventual success of the product candidates, creating potential concerns about the company's future.
- Potential negative perceptions may arise due to the need for the company to repeatedly state that investors should not place undue reliance on the forward-looking statements, which could signal a lack of confidence in achieving projected outcomes.
FAQ
What is the expected timing for topline results from the ZEPHYR trial?
Topline results for the Phase 2 ZEPHYR trial are expected in the third quarter of 2026.
How many participants are involved in the ZEPHYR trial?
The ZEPHYR trial plans to enroll approximately 300 hospitalized adult participants with schizophrenia.
When will topline results for the IRIS trial be released?
Topline results for the Phase 2 IRIS trial are also expected in the third quarter of 2026.
What is the focus of MapLight Therapeutics?
MapLight Therapeutics focuses on developing treatments for patients with central nervous system disorders.
Who founded MapLight Therapeutics?
MapLight was founded by leaders in psychiatry and neuroscience research to address pharmacotherapy gaps.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MPLT Insider Trading Activity
$MPLT insiders have traded $MPLT stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MPLT stock by insiders over the last 6 months:
- HOLDINGS A/S NOVO purchased 952,941 shares for an estimated $16,199,997
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$MPLT Analyst Ratings
Wall Street analysts have issued reports on $MPLT in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 11/21/2025
- Leerink Partners issued a "Outperform" rating on 11/21/2025
- Stifel issued a "Buy" rating on 11/21/2025
- Morgan Stanley issued a "Overweight" rating on 11/21/2025
To track analyst ratings and price targets for $MPLT, check out Quiver Quantitative's $MPLT forecast page.
$MPLT Price Targets
Multiple analysts have issued price targets for $MPLT recently. We have seen 4 analysts offer price targets for $MPLT in the last 6 months, with a median target of $31.0.
Here are some recent targets:
- Marc Goodman from Leerink Partners set a target price of $30.0 on 11/21/2025
- Paul Matteis from Stifel set a target price of $28.0 on 11/21/2025
- Sean Laaman from Morgan Stanley set a target price of $34.0 on 11/21/2025
- Andrew Tsai from Jefferies set a target price of $32.0 on 11/21/2025
Full Release
SAN FRANCISCO and BOSTON, Jan. 09, 2026 (GLOBE NEWSWIRE) -- MapLight Therapeutics, Inc. (MapLight) (Nasdaq: MPLT) today announced an update to the expected timing of topline results for its ongoing Phase 2 ZEPHYR and IRIS clinical studies, which are progressing ahead of schedule.
The company’s Phase 2 ZEPHYR trial evaluating ML-007C-MA for the treatment of schizophrenia continues to enroll robustly, and topline results are now expected in the third quarter of 2026. The ZEPHYR study is a randomized, double-blind, placebo-controlled trial that is expected to enroll 300 hospitalized adult participants with schizophrenia experiencing acute exacerbation of psychosis.
“The accelerated enrollment pace in the ZEPHYR trial allows us to narrow our timing guidance to the third quarter of 2026,” said Chris Kroeger, co-Founder and Chief Executive Officer of MapLight. “This momentum is testimony to our disciplined execution and commitment to advancing our programs efficiently while maintaining the highest quality standards.”
In addition, following completion of enrollment in the Phase 2 IRIS trial for ML-004 in autism spectrum disorder, topline results for that study are now expected in the third quarter of 2026. The IRIS study is a double-blind, placebo-controlled trial that randomized approximately 160 adult and adolescent participants.
About MapLight Therapeutics
MapLight Therapeutics is a clinical-stage biopharmaceutical company focused on improving the lives of patients suffering from debilitating central nervous system disorders. The company was founded by globally recognized leaders in psychiatry and neuroscience research to address the lack of circuit-specific pharmacotherapies available for patients. The company’s discovery platform holds the potential to fill this void by identifying neural circuits causally linked to disease and targeting those circuits for therapeutic modulation.
For more information, please visit www.maplightrx.com .
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including the company’s expectations regarding the potential benefits of its current and future product candidates and programs, plans for its current and future clinical trials, the anticipated timing of results from the company’s Phase 2 ZEPHYR and IRIS clinical trials and enrollment in the ZEPHYR trial. Words such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “develop,” “plan” or the negative of these terms, and similar expressions, are intended to identify forward-looking statements. While the company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties (including, without limitation, those set forth in the company’s filings with the U.S. Securities and Exchange Commission (SEC)), many of which are beyond the company’s control and subject to change. Actual results could be materially different. Risks and uncertainties include: global macroeconomic conditions and related volatility; expectations regarding the initiation, progress, and expected results of the company’s preclinical studies, clinical trials and research and development programs; the unpredictable relationship between preclinical study results and clinical study results; the risk that results obtained in any clinical trials to date may not be indicative of results obtained in ongoing or future trials; the timing or likelihood of regulatory filings and approvals; expectations regarding the company’s ability to fund its current operations; and other risks and uncertainties identified in the company’s Quarterly Report on Form 10-Q filed with the SEC on December 4, 2025, and subsequent disclosure documents the company may file with the SEC. The company claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements. The company expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by law.
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