Ascletis Pharma (HKG:1672) said it recorded positive topline results from a phase I clinical trial of ASC50 in the US, a Monday filing with the Hong Kong bourse said.
The study showed the drug exhibited favorable safety, tolerability, pharmacokinetics, and target engagement.
The drug, for autoimmune and inflammatory diseases including psoriasis, has progressed into the next phase of clinical development in participants with mild to moderate plaque psoriasis.