Genkyotex announced further progress in two investigator-initiated Phase II trials of setanaxib in diabetic kidney disease (DKD) and idiopathic pulmonary fibrosis (IPF). The principal investigators leading the DKD trial decided, with agreement from Genkyotex, to expand the investigational network by adding centers in Germany, Denmark and New Zealand. New Zealand will be the first country to add centers and will be followed by Germany and Denmark. In addition, following the positive efficacy and safety results of the Company’s Phase 2 trial of setanaxib in primary biliary cholangitis (PBC), the DKD trial protocol was amended to increase the dose to 400 mg BID. Importantly, 13 patients have already completed the full 48-week treatment and no safety signals have been identified. In DKD, the progressive loss of renal function is driven by fibrotic remodeling in renal glomeruli (glomerulosclerosis) and interstitium (interstitial fibrosis), and setanaxib has shown marked anti-inflammatory and anti-fibrotic effects in multiple preclinical models. Separately, the U.S. Food and Drug Administration (FDA) and the relevant Institutional Review Boards (IRB) have now approved the protocol of the Phase II IPF trial, paving the way for patient enrollment, which is expected in the coming weeks. This trial is fully funded by an $8.9 million grant awarded by the U.S. National Institutes of Health (NIH). The study is being led by Professor Victor Thannickal at the University of Alabama at Birmingham and includes a consortium of five centers of excellence. The study will evaluate the safety and efficacy of setanaxib in 60 IPF patients receiving standard of care therapy (pirfenidone or nintedanib). Randomized patients will receive setanaxib at 400mg BID, the dose shown to achieve superior efficacy compared to 400mg OD, as well as favorable safety, in the recently completed 24-week Phase 2 trial in PBC. Setanaxib achieved regression of pulmonary fibrosis in a stringent preclinical model where instillation of bleomycin in aged mice results in persistent fibrosis and senescent myofibroblasts resistant to apoptosis. Setanaxib was able to reverse lung fibrosis by deactivating and clearing myofibroblasts through restored sensitivity to pro-apoptotic signals.