Pasithea Therapeutics updates on clinical trials for PAS-004, a treatment for neurofibromatosis type 1 and advanced cancer.
Quiver AI Summary
Pasithea Therapeutics Corp. has announced updates on its clinical trials for PAS-004, a new oral macrocyclic MEK inhibitor aimed at treating neurofibromatosis type 1 associated plexiform neurofibromas (NF1-PN) and advanced cancer. The company has completed patient enrollment in the Phase 1/1b trial for NF1-PN and plans to present efficacy and safety data in late 2026. Additionally, they expect to release long-term follow-up data from their advanced cancer trial in mid-2026. The CEO highlighted the encouraging results from their studies and noted a successful public offering that raised $60 million, which will support the continued development of PAS-004. The company is focused on delivering effective therapies for unmet medical needs, particularly in conditions requiring chronic treatment.
Potential Positives
- Completed enrollment of 12 patients in the ongoing Phase 1/1b clinical trial for NF1-PN, indicating significant progress in clinical research.
- Plans to present data in the second half of 2026 that includes efficacy, safety, and pharmacokinetic data, potentially highlighting the effectiveness of PAS-004.
- Successful public offering raised $60 million in gross proceeds, providing financial stability to advance PAS-004 through key milestones and support operations through at least the first half of 2028.
- Positive early results from the advanced cancer study of PAS-004, including initial clinical activity signals and a promising disease control rate among patients with BRAF-mutated tumors.
Potential Negatives
- The press release indicates ongoing clinical trials, which inherently carry risks that future results may not meet expectations, potentially hindering the progression of PAS-004 and its market introduction.
- The reliance on forward-looking statements may lead stakeholders to question the company's ability to achieve its projected timelines and milestones, especially in the context of possible financial volatility and market unpredictability.
- The announcement emphasizes the need for continuous funding to support operations through at least the first half of 2028, implying potential financial vulnerability if future funding or revenue generation does not align with projections.
FAQ
What is PAS-004 developed by Pasithea Therapeutics?
PAS-004 is a next-generation oral macrocyclic MEK inhibitor aimed at treating neurofibromatosis type 1 associated plexiform neurofibromas.
When will data from the clinical trials be available?
Data is expected to be presented in the second half of 2026 for the NF1-PN trials and in the second quarter of 2026 for advanced cancer patients.
What milestones did Pasithea achieve in 2025?
In 2025, Pasithea reported initial evidence of safety and tolerability for PAS-004 and secured $60 million through a public offering.
What are the ongoing clinical trials by Pasithea?
Pasithea is conducting a Phase 1/1b trial for NF1-PN and a Phase 1 trial for advanced cancer patients.
Who can be contacted for more information about Pasithea Therapeutics?
For inquiries, contact Patrick Gaynes at Corporate Communications via email at [email protected].
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.
$KTTA Insider Trading Activity
$KTTA insiders have traded $KTTA stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $KTTA stock by insiders over the last 6 months:
- LAWRENCE STEINMAN purchased 133,333 shares for an estimated $99,999
- TIAGO MARQUES (Chief Executive Officer) purchased 33,333 shares for an estimated $24,999
- SIMON DUMESNIL purchased 33,333 shares for an estimated $24,999
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$KTTA Hedge Fund Activity
We have seen 12 institutional investors add shares of $KTTA stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ADVISORSHARES INVESTMENTS LLC added 64,149 shares (+33.1%) to their portfolio in Q3 2025, for an estimated $46,944
- VANGUARD GROUP INC added 53,815 shares (+inf%) to their portfolio in Q3 2025, for an estimated $39,381
- TWO SIGMA INVESTMENTS, LP added 35,760 shares (+inf%) to their portfolio in Q3 2025, for an estimated $26,169
- XTX TOPCO LTD added 34,358 shares (+inf%) to their portfolio in Q3 2025, for an estimated $25,143
- RENAISSANCE TECHNOLOGIES LLC added 30,700 shares (+inf%) to their portfolio in Q3 2025, for an estimated $22,466
- GEODE CAPITAL MANAGEMENT, LLC added 25,475 shares (+inf%) to their portfolio in Q3 2025, for an estimated $18,642
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Full Release
MIAMI, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Pasithea Therapeutics Corp. (NASDAQ: KTTA) (“Pasithea” or the “Company”), a clinical-stage biotechnology company developing PAS-004, a next-generation oral macrocyclic MEK inhibitor for the treatment of neurofibromatosis type 1 associated plexiform neurofibromas (NF1-PN), today provided updated timelines on its ongoing clinical trials in advanced cancer and adult NF1-PN patients.
Ongoing Phase 1/1b clinical trial in adult patients with NF1-PN ( NCT06961565 ):
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Pasithea has completed enrollment of 12 patients through the first 4 dose cohorts (4, 8, 12 and 18 mg tablets) in Part A of the study.
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The Company plans to present data in the second half of 2026, including available efficacy data through the six-month timepoint for both plexiform and cutaneous neurofibromas. The planned data release is also expected to include safety, tolerability and pharmacokinetic (PK) data.
Ongoing Phase 1 clinical trial in advanced cancer patients ( NCT06299839 ):
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Pasithea expects to present longer-term follow-up data from patients in Cohort 4 (15mg capsule) through Cohort 8 (45mg capsule) in the second quarter of 2026.
“2025 was a pivotal year for Pasithea, highlighted by early evidence of a differentiated safety and tolerability profile and initial signals of clinical activity in our first-in-human dose escalation advanced cancer study of PAS-004, our potentially best-in-class macrocyclic MEK inhibitor,” said Dr. Tiago Reis Marques, Chief Executive Officer of Pasithea. “In November 2025, we announced encouraging results in patients previously treated with a MEK inhibitor, including a partial response and an initial disease control rate of 71.4% among efficacy evaluable patients with BRAF-mutated tumors and met our planned milestone of providing initial NF1-relevant data through the presentation of pharmacokinetic results in the first two cohorts of our NF1 study. We believe these findings from our advanced cancer study support the development of PAS-004 for the treatment of NF1-PN patients. Additionally, in December 2025, we successfully raised $60 million in gross proceeds through a public offering, enabling us to advance PAS-004 through several key milestones and support operations through at least the first half of 2028. We remain steadfast in our mission to deliver safe, tolerable and effective therapies to patients with significant unmet need, especially in indications requiring chronic dosing.”
About Pasithea Therapeutics Corp.
Pasithea is a clinical-stage biotechnology company primarily focused on the research and development of its lead drug candidate, PAS-004, a next-generation macrocyclic MEK inhibitor intended for the treatment of RASopathies, MAPK pathway-driven tumors, and other diseases. The Company is currently testing PAS-004 in a Phase 1 clinical trial in advanced cancer patients ( NCT06299839 ), and a Phase 1/1b clinical trial in adult patients with neurofibromatosis type 1 (NF1)-associated plexiform neurofibromas ( NCT06961565 ).
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the Company’s ongoing Phase 1 clinical trial of PAS-004 in advanced cancer patients, the Company’s ongoing Phase 1/1b clinical trial of PAS-004 in adult NF1 patients, and the safety, tolerability, pharmacokinetic (PK), pharmacodynamics (PD) and preliminary efficacy of PAS-004, as well as all other statements, other than statements of historical fact, regarding the Company’s current views and assumptions with respect to future events regarding its business, as well as other statements with respect to the Company’s plans, assumptions, expectations, beliefs and objectives, the success of the Company’s current and future business strategies, product development, pre-clinical studies, clinical studies, clinical and regulatory timelines, market opportunity, competitive position, business strategies, potential growth and financing opportunities and other statements that are predictive in nature. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. 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 risks that future clinical trial results may not match results observed to date, may be negative or ambiguous, or may not reach the level of statistical significance required for regulatory approval, as well as other factors set forth in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other filings made with the U.S. Securities and Exchange Commission (SEC). Thus, actual results could be materially different. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
Pasithea Therapeutics Contact
Patrick Gaynes
Corporate Communications
[email protected]