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Equillium doses first patient in Phase 1 trial of EQ504, raising $20M to fund operations through 2029

Company Fundamentals
26 Oct 2026, 15:30 WIB
GlobeNewsWire
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Bullish
Equillium doses first patient in Phase 1 trial of EQ504, raising $20M to fund operations through 2029

Equillium has dosed the first subject in its Phase 1 clinical trial of EQ504, an oral drug targeting inflammatory diseases like ulcerative colitis. The randomized, placebo-controlled study in Australia will assess safety, tolerability, and drug activity, with topline data expected by Q2 2027. Concurrently, Equillium secured $20 million in additional funding, extending its cash runway to 2029. Positive Phase 1 results could lead to a proof-of-concept study in ulcerative colitis patients later in 2027.

Equillium's Phase 1 clinical trial dosing news is current as of Oct 26, 2026 19:02 WIB. For readers following health-sector stocks, here is Pluang's market snapshot as of that time: out of 150 priced US health-sector stocks, 78 rose and 48 fell. Notable movers include AbCellera Biologics Inc (ABCL) at USD 12.00 with a 1-day change of +1.52% and a typical hold time of 41 days, DENTSPLY SIRONA Inc (XRAY) at USD 9.57 with a 1-day change of +1.48%, and Iovance Biotherapeutics Inc (IOVA) at USD 14.29 with a 1-day change of +1.42%.

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