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GN-037 Project

The Phase II clinical trial for GN-037, an innovative investigational topical cream developed in GEN R&D laboratories and intended for the treatment of mild to moderate plaque psoriasis, was conducted throughout 2023 to evaluate its clinical efficacy and safety. The results of the completed Phase I study, which preceded the Phase II trials, were presented in the article titledSafety and Efficacy of a Novel Combination Cream (GN-037) in Healthy Volunteers and Patients with Plaque Psoriasis: A Phase 1 Trial,” published in the Dermatology and Therapy journal on May 10, 2023. Dermatology and Therapy, a respected journal with international scientific standing, is known for publishing high-quality research on innovative treatments in dermatology. The Phase I clinical study results detailed in this article demonstrate that our investigational product, GN-037, has a favorable safety and tolerability profile. 

Our investigational product GN-037 is currently undergoing a Phase II study, which is registered under the titlePhase II Study Evaluating the Clinical Efficacy and Safety of GN-037 in Plaque Psoriasis” on ClinicalTrials.gov, a site created by the U.S. National Library of Medicine (NLM) within the U.S. National Institutes of Health (NIH). 

https://classic.clinicaltrials.gov/ct2/show/NCT05706870

Additionally, a patent application has been filed under the titleSafe and Effective Drug Formulation for the Treatment of Psoriasisfor our investigational GN-037 topical cream. The patent application evaluation process is ongoing. 

SUL-238 Project

The work on our innovative investigational product, SUL-238, which is being developed in collaboration with Sulfateq B.V. from the Netherlands for the potential treatment of Alzheimer’s and other neurodegenerative diseases, has continued during this period. SUL-238 has demonstrated the ability to prevent the development of Alzheimer’s disease and improve memory functions in experimental Alzheimer’s disease models in a dose-dependent manner. It has been shown to be safe in preclinical animal studies conducted according to European Medicines Agency (EMA) guidelines, including GLP and non-GLP toxicity studies. 

In the clinical research phase of this project, SUL-238 will first be investigated for safety and pharmacokinetics in a single-dose and multiple-dose Phase I clinical trial. Following successful completion of this phase, SUL-238 is expected to demonstrate improvements in cognitive functions by reversing or preventing the progression of impaired mitochondrial function in brain cells of Alzheimer’s patients in Phase II and Phase III clinical trials. 

For this purpose, the necessary formulation and R&D stability studies for the Phase I trial have been successfully completed in GEN R&D laboratories. Clinical research products for this Phase I trial have been produced at GEN Manufacturing Facility, and the relevant approval processes for the Phase I clinical trial have been initiated. An application has been made for the TÜSEB – Clinical Research Projects Call for Drug Development, which has a funding limit of 60 million TL, for the Phase I clinical trial. 

TÜBİTAK & Technology-Focused Industry Initiative Program Projects

During Q1 2023, we officially commenced work on new product development projects under the Technology-Focused Industry Initiative Program approved by the Ministry of Industry and Technology as of April 1, 2023. Work on these projects continued throughout the period, progressing according to the project timeline, with the activities for the first two periods completed. The relevant technical and financial reports for this period have been prepared and submitted to TÜBİTAK. 

In line with our commitment to innovation, R&D investments will remain one of our key financial priorities in 2024. We have planned approximately 40 million TL in new investments to develop and expand our R&D equipment infrastructure as part of our ongoing projects. 

Under the TÜBİTAK 2209-B “Support Program for University Students’ Research Projects Aimed at Industry,” our collaboration with Ankara University Faculty of Pharmacy, which began in 2022, continued in 2023 with research projects involving analytical method development and validation. 

The TÜBİTAK 1501 Industry R&D Projects Support-winning project, “Development of Computer-Assisted New Synthesis of Plerixafor Active Pharmaceutical Ingredient (API),” is conducted in collaboration with MEDDENOVO and PEPTITEAM. The first two periods of this project have been completed. The project involves designing new API synthesis methods with organic synthesis expertise and optimizing API synthesis using computer-assisted chemical methods, which are essential for drug discovery. Currently, an injectable solution containing plerixafor is licensed in Türkiye under GEN. The project aims to establish the synthesis of the active ingredient in Türkiye as a preliminary step. 

Turkish Time R&D 250 List: According to data released by Turkish Time magazine in 2023, GEN ranked 94th in the general ranking of the top 250 companies in Türkiye based on R&D expenditures for 2022, and 9th in the pharmaceutical sector.