Eledon Pharmaceuticals Highlights Recent Business Milestones and Provides 2025 Outlook
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Eledon Pharmaceuticals has completed enrollment in its Phase 2 BESTOW trial for tegoprubart in kidney transplantation ahead of schedule, with results expected in late 2025. The company also reported positive data from ongoing trials and secured $135 million in financing to support operations through 2026.
January 13, 2025 | 12:15 pm
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Eledon Pharmaceuticals completed enrollment in its Phase 2 BESTOW trial for tegoprubart ahead of schedule and reported positive data from ongoing trials. The company also raised $135 million to support operations through 2026.
The early completion of trial enrollment and positive trial data are likely to boost investor confidence in Eledon Pharmaceuticals. The $135 million financing ensures operational stability, which is positive for the company's short-term outlook.
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