Tiziana Life Sciences announces publication of positive intranasal foralumab study results for non-active secondary progressive multiple sclerosis.
Quiver AI Summary
Tiziana Life Sciences, Ltd. has announced the publication of a peer-reviewed study on its lead drug candidate, intranasal foralumab, in the journal Neurology Neuroimmunology & Neuroinflammation. The study reports positive results from an open-label trial involving ten patients with non-active secondary progressive multiple sclerosis (na-SPMS) who received the treatment for at least six months. Improvements were observed in disability scores and fatigue levels, with no serious side effects and no new MRI lesions. The study is notable for integrating advanced imaging techniques with clinical assessments, supporting foralumab's potential to address progressive symptoms in MS without broad immunosuppression. Tiziana is currently advancing this therapy through an ongoing Phase 2 clinical trial, with promising implications for patients limited by existing treatment options.
Potential Positives
- The peer-reviewed publication in a prestigious journal validates the therapeutic potential of intranasal foralumab in treating non-active secondary progressive multiple sclerosis (na-SPMS).
- The study highlights positive outcomes such as disease stabilization and reduction in microglial activation, which may enhance the drug's credibility and marketability.
- Intranasal foralumab represents a novel approach to treating MS that avoids broad systemic immunosuppression, potentially differentiating it from existing therapies.
- The ongoing Phase 2 trial of intranasal foralumab, expected to report top-line data in 1H of 2026, indicates continued commitment to advancing this therapy and building a robust clinical pipeline.
Potential Negatives
- Despite positive study results, the sample size of only ten patients may raise concerns about the robustness and generalizability of the findings.
- The reliance on patient-reported outcomes, such as improvements in fatigue, could be viewed as a limitation in the rigor of the trial's assessment of efficacy.
- The forward-looking statements disclaimer emphasizes the inherent challenges and uncertainties in clinical development, potentially instilling caution among investors and stakeholders.
FAQ
What is intranasal foralumab?
Intranasal foralumab is a fully human, anti-CD3 monoclonal antibody being developed for treating multiple sclerosis.
What were the findings of the open-label study on na-SPMS?
The study showed significant stabilization of disability scores and improvements in fatigue without serious adverse events.
How does nasal foralumab differ from other MS therapies?
Nasal foralumab modulates the immune system without causing broad systemic immunosuppression, offering a unique treatment approach.
Where was the study on nasal foralumab published?
The study was published in Neurology Neuroimmunology & Neuroinflammation, a journal of the American Academy of Neurology.
What are the next steps for Tiziana Life Sciences?
Tiziana is advancing intranasal foralumab in a Phase 2 trial for na-SPMS, with top-line data expected in early 2026.
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.
$TLSA Hedge Fund Activity
We have seen 11 institutional investors add shares of $TLSA stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DAUNTLESS INVESTMENT GROUP, LLC removed 682,684 shares (-20.0%) from their portfolio in Q3 2025, for an estimated $1,474,597
- MARSHALL WACE, LLP added 243,643 shares (+999.8%) to their portfolio in Q3 2025, for an estimated $526,268
- MILLENNIUM MANAGEMENT LLC added 240,814 shares (+inf%) to their portfolio in Q3 2025, for an estimated $520,158
- CITADEL ADVISORS LLC removed 198,990 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $429,818
- HRT FINANCIAL LP removed 84,106 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $181,668
- SIMPLEX TRADING, LLC removed 67,251 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $145,262
- BISON WEALTH, LLC removed 42,795 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $92,437
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOSTON, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (Nasdaq: TLSA ) (“Tiziana”), a biotechnology company developing its lead candidate, intranasal foralumab, a fully human, anti-CD3 monoclonal antibody, announces the peer-reviewed publication of its open-label study in patients with non-active secondary progressive multiple sclerosis (na-SPMS) in Neurology Neuroimmunology & Neuroinflammation , a prestigious journal of the American Academy of Neurology.
The publication, titled “Nasal Foralumab for the Treatment of Progression Independent of Relapses in Patients with Non-active Secondary Progressive Multiple Sclerosis,” details the comprehensive positive results previously announced by the Company on May 6, 2025. This marks the first study to integrate TSPO-PET imaging, proteomics, and clinical assessments in na-SPMS, highlighting nasal foralumab's novel mechanism in addressing progression independent of relapse activity (PIRA)—a critical unmet need in multiple sclerosis (MS) treatment.
Key Study Highlights:
- Ten patients with na-SPMS, progressing despite prior B-cell therapies, received nasal foralumab for at least six months.
- No serious or severe treatment-related adverse events occurred.
- All patients showed stabilization of Expanded Disability Status Scale (EDSS) scores; three of four treated for 12 months demonstrated improvement.
- Fatigue improved in six out of ten patients, as measured by the Modified Fatigue Impact Scale (MFIS)—a vital quality-of-life measure for MS patients.
- No new T2 lesions appeared on MRI.
- TSPO-PET imaging revealed significant reductions in microglial activation at three and six months (p<0.05).
-
Single-cell RNA sequencing demonstrated sustained increases in regulatory T cells (Tregs) and TGFβ expression, supporting induction of regulatory immunity.
“This peer-reviewed publication in a leading neurology journal represents a major milestone and external validation of intranasal foralumab's therapeutic potential in secondary progressive MS,” said Tanuja Chitnis, M.D., Principal Investigator and Senior neurologist at Brigham and Women’s Hospital, a founding member of Mass General Brigham healthcare system. “The integration of advanced imaging, immune profiling, and clinical outcomes underscores how nasal foralumab uniquely targets CNS inflammation through mucosal tolerance, offering hope for patients with limited options.”
Dr. Howard L. Weiner, M.D., Chairman of Tiziana’s Scientific Advisory Board, co-director of the Ann Romney Center for Neurologic Diseases at Brigham and Women’s Hospital, a founding member of Mass General Brigham healthcare system, noted: “The observed clinical stabilization and microglial PET findings are supported by these new biomarker discoveries, providing compelling evidence of nasal foralumab's biological effects in addressing PIRA in na-SPMS.”
Nasal foralumab's innovative intranasal delivery modulates the immune system to suppress microglial-driven neuroinflammation without broad systemic immunosuppression, distinguishing it from existing MS therapies.
Tiziana is advancing intranasal foralumab in an ongoing randomized, double-blind, placebo-controlled Phase 2 trial in na-SPMS, with top-line data expected in 1H of 2026.
“We are thrilled that these groundbreaking results have now been peer-reviewed and published, reinforcing our confidence in intranasal foralumab as a potential paradigm-shifting therapy for progressive MS and beyond,” said Ivor Elrifi, Chief Executive Officer of Tiziana Life Sciences.
The full publication can be found here: https://www.neurology.org/doi/10.1212/NXI.0000000000200543
About Foralumab
Foralumab, a fully human anti-CD3 monoclonal antibody, is a biologic candidate that has been shown to stimulate T regulatory cells when dosed intranasally. Currently, 14 patients with Non-Active Secondary Progressive Multiple Sclerosis (na-SPMS) have been dosed in an open-label intermediate sized Expanded Access (EA) Program ( NCT06802328 ) with either an improvement or stability of disease seen within 6 months in all patients. In addition, intranasal foralumab is currently being studied in a Phase 2a, randomized, double-blind, placebo-controlled, multicenter, dose-ranging trial in patients with non-active secondary progressive multiple sclerosis ( NCT06292923 ).
Foralumab is the only fully human anti-CD3 monoclonal antibody (mAb) currently in clinical development. Immunomodulation by intranasal foralumab represents a novel avenue for the treatment of neuroinflammatory and neurodegenerative human diseases. [1],[2]
About Tiziana Life Sciences
Tiziana is a clinical-stage biopharmaceutical company developing breakthrough therapies using transformational drug delivery technologies to enable alternative routes of immunotherapy. Tiziana’s innovative nasal approach has the potential to provide an improvement in efficacy as well as safety and tolerability compared to intravenous (IV) delivery. Tiziana’s lead candidate, intranasal foralumab, which is the only fully human anti-CD3 mAb currently in clinical development, has demonstrated a favorable safety profile and clinical response in patients in studies to date. Tiziana’s technology for alternative routes of immunotherapy has been patented with several applications pending and is expected to allow for broad pipeline applications.
For more information about Tiziana and its innovative pipeline of therapies, please visit www.tizianalifesciences.com .
Forward-Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Tiziana's current expectations, estimates, and projections about its industry, its beliefs, and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Tiziana's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Tiziana cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of Tiziana only as of the date of this announcement. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Tiziana’s Annual Report on Form 20-F for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. Tiziana will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
For further inquiries:
Tiziana Life Sciences Ltd
Paul Spencer, Business Development, and Investor Relations
+44 (0) 207 495 2379
email:
[email protected]
[1]
https://www.pnas.org/doi/10.1073/pnas.2220272120
[2]
https://www.pnas.org/doi/10.1073/pnas.2309221120