Gain Therapeutics Awarded CHF 2.5 million Innosuisse Grant to Advance Lead Program in GBA1 Parkinson’s Disease

BETHESDA, Md., May 03, 2023 (GLOBE NEWSWIRE) -- Gain Therapeutics, Inc. (Nasdaq: GANX), a biotechnology company leading the discovery and development of allosteric small molecule therapies, today announced that Innosuisse, the Swiss Innovation Agency, supports GT Gain Therapeutics SA with the amount of CHF 2.5 million (~$2.8 million) to develop GT-02287, Gain’s lead program for GBA1 Parkinson’s disease.

The Company’s Swiss Accelerator innovation project supported by Innosuisse entitled “Harnessing Structurally Targeted Allosteric Regulators to treat Parkinson’s Disease” includes clinical pharmacology and preclinical studies with the Company’s drug candidate GT-02287, which will be conducted as the lead program progresses through Phase 1 and Phase 2 clinical studies in GBA1 Parkinson’s disease.

GBA1 mutations are the major genetic risk factor for Parkinson’s disease and are associated with earlier onset of the disease, faster disease progression and increased rates of cognitive decline. Mutations of the GBA1 gene cause misfolding and dysfunction of the enzyme beta-glucocerebrosidase (GCase). Preclinical models of GT-02287 have shown the ability of this orally bioavailable and brain-penetrant molecule to target and bind to GCase, prevent its degradation and allow its transport to the lysosomes where the enzyme can carry out its biological function. Furthermore, the data from preclinical models demonstrate that enhancement of lysosomal GCase activity by GT-02287 protects against key pathological features of Parkinson’s disease, including alpha-synuclein related pathology and an increase in the survival of dopaminergic neurons. These findings support the potential of GT-02287 to slow or halt disease progression in GBA1 Parkinson’s disease.

“We are grateful for the continued support from Innosuisse, which speaks to the wealth of promising data we have generated to date and the disease-modifying potential of our lead program for patients suffering from GBA1 Parkinson’s disease and other neurodegenerative disorders,” said Matthias Alder, Chief Executive Officer of Gain Therapeutics. “This funding provides significant financial support for the further development of GT-02287 as we remain on track to submit the dossier for the start of the Phase 1 clinical study in mid-2023.”

Dr. Manolo Bellotto, Chief Strategy Officer and General Manager at Gain Therapeutics added: “The Swiss Accelerator program under which we are supported was a highly competitive process, and we are pleased with the validation of our science and data that is reflected in the decision of Innosuisse to support the program. This latest funding adds to a CHF 1.5 million funding received from Innosuisse in 2021 for earlier research of allosteric modulators for GBA1-related diseases, and we look forward to continuing to build on this work and advance the development of a treatment for this devastating disease.”

Innosuisse launched a call for projects for the Swiss Accelerator in 2022 to provide funding to Swiss companies with novel products and significant innovation potential. Three independent experts evaluated 752 projects, of which 53 were selected after a three-stage assessment process. Support per project amounts to a maximum of CHF 2.5 million and covers up to 70 per cent of project costs.

About GT-02287
GT-02287 is an orally administered, brain-penetrant allosteric small molecule modulator of beta-glucocerebrosidase (GCase), an enzyme expressed by the GBA1 gene and responsible for degrading toxic glycosphingolipid substrates glucosylceramide (GlcCer) and glucosylsphingosine (GlcSph) in the lysosome. Mutations in the GBA1 gene cause GCase to be misfolded and dysfunctional, which results in lysosomal build-up of its glycosphingolipid substrates. This in turn causes the accumulation of aggregated α-synuclein, the pathological hallmark of Parkinson’s disease, in dopaminergic and other neuronal types in vulnerable brain regions. GT-02287 binds to GCase, allowing it to fold correctly, and restores enzyme function. We have shown in vitro and in vivo that GT-02287 increases GCase levels, activity and its transport to the lysosomes, where it is able to eliminate toxic lipid substrates and prevent the build-up of toxic forms of alpha-synuclein in dopaminergic neurons. In animal models of Parkinson’s disease, GT-02287 additionally showed a reduction in neuroinflammation and improved the survival of dopaminergic neurons in relevant brain regions, leading to an increase in dopamine levels and an improvement of locomotor function.

About Gain Therapeutics, Inc.
Gain Therapeutics, Inc. is leading the discovery and development of allosteric small molecule therapies. The ability to identify never-seen-before allosteric targets on proteins involved in diseases across the full spectrum of therapeutic areas provides opportunities for a range of drug-protein interactions, including protein stabilization, protein destabilization, targeted protein degradation, allosteric inhibition, and allosteric activation. Gain’s pipeline spans neurodegenerative diseases, lysosomal storage disorders, metabolic disorders, as well as other diseases that can be targeted through protein degradation, such as oncology. Gain’s lead program in Parkinson’s disease has been awarded funding support from The Michael J. Fox Foundation for Parkinson’s Research (MJFF) and The Silverstein Foundation for Parkinson’s with GBA and it is a Swiss Accelerator innovation project supported by Innosuisse. For more information, please visit https://www.gaintherapeutics.com.

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Investor & Media Contact:
Argot Partners
Noor Pahlavi
(212) 600-1902
Gain@argotpartners.com