Aslan Pharmaceuticals reports Q1 EPS (5c) vs. (4c) last year

"We have made strong progress in the first quarter of the year by completing enrollment in our TREK-AD Phase 2b trial, testing eblasakimab as a novel treatment for moderate-to-severe atopic dermatitis, and we look forward to reporting topline data from this study in early July 2023," said Dr Carl Firth, CEO, ASLAN Pharmaceuticals. "We have also advanced farudodstat into a Phase 2a, proof-of-concept study in alopecia areata expected to commence enrollment in the second quarter of 2023. AA is a common autoimmune disease that is associated with a severe psychological burden yet there are few effective treatments that are safe for long-term use. Farudodstat potently inhibits key drivers of AA disease pathophysiology and has the potential to be a novel, first-in-class treatment. This quarter we also announced strong support from BVF Partners and additional investors on a $20 million financing which we expect will enable sufficient runway for the company as we look forward to three possible clinical readouts in the next 12 months."