First Half of Fiscal Year Ending March 31 2026 Business Status Briefing Materials

On November 19, 2025 JSR reported First Half of Fiscal Year Ending March 31 2026 Business Status Briefing Materials.

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(Presentation, JSR, NOV 19, 2025, View Source [SID1234661835])

Protara Therapeutics Announces Positive Interim Results Demonstrating Robust Responses in the Ongoing Phase 2 STARBORN-1 Trial of TARA-002 in Pediatric Patients with Lymphatic Malformations

On November 19, 2025 Protara Therapeutics, Inc. (Nasdaq: TARA), a clinical-stage company developing transformative therapies for the treatment of cancer and rare diseases, reported positive interim results from its ongoing Phase 2 open-label STARBORN-1 trial assessing intracystic injection of TARA-002, the Company’s investigational cell-based therapy, in pediatric patients with macrocystic and mixed cystic lymphatic malformations (LMs).

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"We are pleased to report these robust results from the STARBORN-1 trial that demonstrate TARA-002’s expected significant clinical benefit in treating patients with macrocystic and mixed cystic LMs," said Jesse Shefferman, Chief Executive Officer of Protara Therapeutics. "Treatment with TARA-002 resulted in clinically meaningful responses, with a favorable safety profile observed across all evaluable patients. The totality of available clinical data, including data from prior studies with TARA-002’s predecessor compound OK-432, an established treatment for LMs in Japan, underscore our belief in the potential for TARA-002 to emerge as an important intervention for pediatric patients suffering from LMs."

"There are currently no approved therapies for LMs, with many patients turning to invasive surgical procedures that carry high rates of complication and recurrence, or off-label use of chemotherapies and chemicals, which can have challenging side effects, especially for pediatric patients," said Jesse G.A. Jones, M.D., Associate Professor, Department of Neurosurgery and Radiology, University of Alabama at Birmingham, and STARBORN-1 study investigator. "I am encouraged by the positive interim safety and efficacy data from TARA-002 and believe this promising candidate has the potential to help the many patients in need of FDA-approved therapeutic approaches for LMs."

STARBORN-1 Interim Results

The interim analysis includes a total of 12 patients who enrolled in the trial and received ≥ 1 dose of TARA-002 as of the November 12, 2025 data cutoff. Of those, eight patients were evaluable at an eight-week post-treatment assessment, two withdrew prior to the eight-week assessment and two remain in dosing. Patients receive up to four injections of TARA-002 spaced approximately six weeks apart. Of the eight patients who were evaluable, the majority (7/8) achieved clinical success with one or two doses. Only one patient, who presented with a 1,739 ml macrocystic LM, required all four doses, and achieved a complete response.

80% (8/10) of patients that completed treatment achieved clinical success
100% (8/8) of patients who completed the eight-week response assessment achieved clinical success
83% (5/6) of macrocystic patients achieved a complete response (90% to 100% reduction in total LM volume) and one patient achieved a substantial response (60% to less than 90% reduction in total LM volume)
The only mixed cystic patient treated achieved a complete response
Two LMs patients reached the 32-week post-treatment assessment and remain disease-free
One patient deemed a complete response was subsequently diagnosed with a ranula (a different type of maxillofacial cyst from LMs)
Two patients withdrew before the eight-week post-treatment assessment:
One patient was misdiagnosed and had a rare form of cancer and did not respond to treatment
One patient dropped out after achieving a notable resolution of the patient’s macrocystic LM. The patient received two doses of TARA-002 with 160 ml aspiration at the first dose, which was reduced to a 10 ml aspiration at second dose.
Safety

The majority of adverse events (AEs) were mild to moderate, with no serious AEs reported. The most common AEs were swelling and fatigue. One patient discontinued treatment due to a Grade 2 AE of fatigue.

About STARBORN-1

STARBORN-1 is a Phase 2 single-arm, open-label, prospective clinical trial evaluating the safety and efficacy of intracystic injection of TARA-002 for the treatment of macrocystic and mixed cystic LMs (≥ 50% macrocystic disease) in 29 participants six months to less than 18 years of age. The trial includes age de-escalation safety lead-in cohorts of children ages six years to less than 18 years, two years to less than six years and six months to less than two years. Assessment of efficacy is based on the proportion of participants with macrocystic and mixed cystic LMs who demonstrate clinical success, defined as having either a complete response (90% to 100% reduction from baseline in total LM volume) or substantial response (60% to less than 90% reduction in total LM volume) as measured by axial imaging or via investigator assessment (physical exam, visual inspection and ultrasound). More information about the trial is available at clinicaltrials.gov (identifier: NCT05871970).

Conference Call and Webcast

Protara will host a conference call and webcast today at 8:30 am ET to review the data reported this morning, as well as provide an overview of LMs, the current treatment landscape and the TARA-002 program in LMs. Members of the management team will be joined by STARBORN-1 study investigator Jesse G.A. Jones, M.D., Associate Professor, Department of Neurosurgery and Radiology, University of Alabama at Birmingham. The live event and accompanying slides can be accessed by visiting View Source, or via the Events and Presentations section of the Company’s website: View Source A replay of the webcast will be archived for a limited time following the event.

About TARA-002 in LMs

TARA-002 is an investigational, genetically distinct strain of streptococcus pyogenes that is inactivated while retaining its immune-stimulating properties. It was developed from the same master cell bank as OK-432, which was originally granted marketing approval by the Japanese Ministry of Health for the treatment of LMs and has been the standard of care in Japan for 30 years. In addition, OK-432 was studied in a large Phase 2 trial in LMs in over 500 patients with significant clinical success. TARA-002 has been granted Rare Pediatric Disease designation by the U.S. Food and Drug Administration for the treatment of LMs.

About Lymphatic Malformations

Lymphatic malformations (LMs) are rare, congenital malformations of lymphatic vessels resulting in the failure of these structures to connect or drain into the venous system. Most LMs are present in the head and neck region and are diagnosed in early childhood during the period of active lymphatic growth, with more than 50% detected at birth and 90% diagnosed before the age of three years. The most common morbidities and serious manifestations of the disease include compression of the upper aerodigestive tract, including airway obstruction requiring intubation and possible tracheostomy dependence; intralesional bleeding; impingement on critical structures, including nerves, vessels and lymphatics; recurrent infection; and cosmetic and other functional disabilities.

(Press release, Protara Therapeutics, NOV 19, 2025, View Source [SID1234660091])

Corporate presentation

On November 19, 2025 Purple Biotech presented its corporate presentation (Presentation, Purple Biotech, NOV 19, 2025, View Source [SID1234660092]).

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Rakovina Therapeutics’ President & CSO to Present and Join Expert Panel at the 9th Annual DDR Inhibitors Summit

On November 18, 2025 Rakovina Therapeutics Inc. ("Rakovina" or the "Company") (TSX-V: RKV)(FSE: 7JO0) a biopharmaceutical company advancing cancer therapies through AI-enabled drug discovery, reported that its President and Chief Scientific Officer, Prof. Mads Daugaard, has been invited to present and participate as a panelist at the 9th Annual DNA Damage Response (DDR) Inhibitors Summit, taking place January 27–29, 2026, in Boston, MA.

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The DDR Inhibitors Summit is recognized as a premier global forum uniting translational scientists, clinicians, and biotechnology innovators working to advance next-generation DDR-targeted cancer therapies. The 2026 program will feature expert insights on synthetic lethality, emerging DDR drug targets, biomarkers, and AI-driven discovery, with a strong focus on translational strategies to accelerate clinical impact.

Prof. Daugaard will deliver a featured presentation titled:

"Harnessing AI-Driven Drug Discovery to Accelerate Next-Generation DDR Therapeutics"

His session will highlight Rakovina’s pivot to an AI-enabled drug discovery model and showcase studies of AI-designed DDR programs progressing through preclinical lead selection and toward development.

In addition to his presentation, Prof. Daugaard will participate in a fireside chat entitled "Empowering Academic Entrepreneurs to Translate DDR Discoveries Into Impactful Biotech Ventures" and a panel discussion on "Uniting Founders and Funders to Align Scientific Vision with Investment Strategy." In these sessions, he will join a distinguished group of global oncology leaders to discuss evolving DDR biology, resistance mechanisms, and next-generation clinical strategies.

"The DDR field is undergoing a profound shift, driven by new discoveries in DNA damage response biology, smarter combination strategies, and the integration of AI into early discovery," said Prof. Daugaard. "We are excited to contribute to the scientific dialogue shaping the future of targeted oncology, and to share how AI can accelerate the development of precisely engineered DDR therapeutics designed for clinical impact."

As a co-founder of Rakovina and an Associate Professor at the University of British Columbia, Prof. Daugaard brings deep expertise in cancer biology and therapeutic resistance, with a research focus on uncovering vulnerabilities in tumor survival pathways and advancing them toward targeted drug discovery. His participation in the 9th DDR Inhibitors Summit reinforces the momentum behind Rakovina’s AI-accelerated DDR pipeline and highlights the Company’s role within a collaborative global effort to deliver new therapeutic options for patients with difficult-to-treat cancers.

(Press release, Rakovina Therapeutics, NOV 18, 2025, View Source;utm_medium=rss&utm_campaign=rakovina-therapeutics-president-cso-to-present-and-join-expert-panel-at-the-9th-annual-ddr-inhibitors-summit [SID1234660058])

Tvardi Therapeutics to Participate in the Piper Sandler 37th Annual Healthcare Conference

On November 18, 2025 Tvardi Therapeutics, Inc. ("Tvardi") (NASDAQ: TVRD), a clinical-stage biopharmaceutical company focused on the development of novel, oral, small molecule therapies targeting STAT3 to treat fibrosis-driven diseases, reported that the company’s management will participate in a fireside chat and host investor one-on-one investor meetings at the Piper Sandler 37th Annual Healthcare Conference, being held December 2-4, 2025 in New York, NY.

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Details are as follows:

Piper Sandler 37th Annual Healthcare Conference
Format: Fireside Chat
Date: Tuesday, December 2, 2025
Time: 12:00 PM ET

The webcast of the fireside chat will be accessible on the Tvardi Investors’ website. A replay of the webcast will be available for approximately 90 days following the conference.

(Press release, Tvardi Therapeutics, NOV 18, 2025, View Source [SID1234660074])