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Coiled Therapeutics plc (COIL): AO-252 Phase I trial progress

This situation live

COIL Coiled Therapeutics plc

£29m · 7.2p · −16% since the first step
12.0p 0.9p Now 7.2p · 23 Oct −19% +0% −5% Mar ’26AprMayJunJulAugSepOct
8 Apr 2026 · Dose escalation; moving to expansion cohorts · −19% until the next step The Company is targeting enrolment of 40 patients by Q3 2026.
Project milestones
AO-252 Phase I trial progress
Reformulation under way; efficacy data pushed to 2027
DEC31 Next: Initial safety and PK data from new softgel formulation cohorts in 68 days
Every step · 3
  1. 8 Apr 2026 Dose escalation; moving to expansion cohorts – The Company is targeting enrolment of 40 patients by Q3 2026. ↗
  2. 6 May 2026 Dose escalation finishing; expansion cohorts accelerating – The Board's immediate priorities include the completion of open label Phase I dose escalation in H1 2026, the introduction of a next-generation formulation... ↗
  3. 28 Sep 2026 Reformulation under way; efficacy data pushed to 2027 – During 2027, we expect to develop a more comprehensive clinical package including preliminary efficacy data, a safety database of approximately 50 patients... ↗

What is happening

Coiled Therapeutics plc: AO-252 Phase I trial progress – Reformulation under way; efficacy data pushed to 2027. ['Reformulation under way; efficacy data pushed to 2027']

In short
After the March 2026 reverse takeover and £8.5m placing, Coiled reported 80% CBR on twice-daily dosing on 8 April 2026. The 30 September 2026 interim results add a new lipid softgel formulation (first patient dosed August 2026, six patients enrolled September). Expansion-cohort efficacy data now fall in 2027, not H2 2026.
Announced
8 Apr 2026 · Dose escalation; moving to expansion cohorts
Latest
28 Sep 2026 · Reformulation under way; efficacy data pushed to 2027
H2 2026
Expansion cohort efficacy and safety readouts in ovarian and prostate cancer
Enrolment target
40 patients in expansion cohorts by Q3 2026
Data readouts
Ovarian and prostate expansion efficacy and safety data in H2 2026, material readouts by Q4 2026
Funding
£8.5m placing at 10p, said to fund key inflection points in 2026 and 2027
After the data
Registrational planning and discussions with potential strategic partners
Dosing target
Up to 30 patients on new formulation by end of 2026
Efficacy data
Preliminary efficacy and ~50-patient safety database in 2027, previously H2 2026 readouts
Cash
£5,099,604 at 30 June 2026; H1 net loss £3,851,679

What comes next

Initial safety and PK data from new softgel formulation cohorts (31 Dec 2026).

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Also at Coiled Therapeutics plc 1 open
Insider conviction1 director buying – £39k in 1 buy Large acquisition / reverse takeoverAO-252 licence to Roquefort – AIM Readmission completed · closed Coiled Therapeutics plc – company page →

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