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Satellos raises $57M, advances Phase 2 trials for Duchenne muscular dystrophy treatment SAT-3247

Company Fundamentals
15 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Satellos Bioscience raised $57 million in Q1 2026, boosting cash to $69.9 million and extending its runway through 2027. The company is progressing its Phase 2 clinical trials for SAT-3247, a potential oral treatment for Duchenne muscular dystrophy, with 11 active sites in the pediatric BASECAMP study and initiation of the adult TRAILHEAD study. Enrollment for BASECAMP is on track to complete by Q3 2026, and Satellos plans to update on TRAILHEAD throughout the year. Increased R&D and administrative expenses reflect advancing clinical activities and Nasdaq listing costs.

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