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Eledon reports Q1 2026: 100% insulin independence in type 1 diabetes trial, FDA Orphan Drug status for tegoprubart.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
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Eledon Pharmaceuticals announced strong Q1 2026 results, highlighting 100% insulin independence in 10 type 1 diabetes patients treated with tegoprubart after islet transplantation. The FDA granted tegoprubart Orphan Drug designation for preventing liver transplant rejection. The company plans multiple clinical trial initiations and regulatory discussions in 2026, including advancing tegoprubart to Phase 3 in kidney transplantation. Financially, Eledon held $111.1 million in cash and investments, with a net loss of $39 million for the quarter, partly due to warrant liability valuation changes.

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