On December 5, 2025, Elpis Medicine unveiled Phase I clinical trial results for its self-developed bispecific antibody ES014 through an oral presentation at the European Society for Medical Oncology Asia Congress (ESMO Asia). ES014, a first-in-class CD39/TGFβ bispecific antibody and the first globally to enter clinical trials, demonstrated preliminary yet clinically meaningful antitumor activity across multiple tumor types with high unmet medical needs.
Key findings include: - A 40% objective response rate (ORR) and 100% disease control rate (DCR) in desmoid tumors (DT), highlighting its potential as an innovative therapeutic option. - Preliminary efficacy in CD39-high non-small cell lung cancer (NSCLC) patients, laying the groundwork for precision treatment strategies. - Notably, ES014 may offer a novel therapeutic approach for wild-type gastrointestinal stromal tumor (GIST) patients with limited clinical options.
With core pipelines like ES014 showing early clinical benefits and the establishment of its globally rare Myeloid Cell Engager (MCE) platform, Elpis Medicine—a company dedicated to immunology and pioneering innovation—is poised for increasing value realization. Its potential for international licensing and partnerships is expected to grow.
From a long-term industry perspective, once the clinical value of innovative pipelines gains global recognition, sustainable cash flow may shift from "funding-driven" to "transaction and collaboration-driven."
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