Successful Phase I Clinical Trial for BT-600
The NaviCap platform demonstrated successful delivery of tofacitinib directly to colon tissue in ulcerative colitis patients, achieving a PK profile consistent with colon drug delivery and significantly lower systemic levels, potentially reducing toxicity risks.
Progress in BioJet Platform Partnerships
Active partnership discussions with multiple large pharma companies for the BioJet platform, with anticipated completion of at least one partnership in the near term, highlighting industry interest in the technology.
Strong Financial Support
Secured an additional $16 million in capital from existing investors, structured to provide funding in $4 million increments as needed, ensuring financial stability while pursuing partnerships.
BioJet Platform Performance
BioJet platform demonstrated high bioavailability of approximately 40% for large molecules, comparable to subcutaneous injection standards, promising a non-invasive alternative to needle-based delivery systems.