• Clene is progressing toward a potential FDA accelerated approval for its ALS (Amyotrophic Lateral Sclerosis) drug CNM-Au8^® in 2026, a market that is expected to reach $1.3 billion by 2034 with significant unmet need.
• Clene’s technology targets mitochondrial dysfunction, a novel approach to neurodegenerative diseases, and key FDA meetings in the coming months of 2025 could be major valuation catalysts for investors.
• Biomarker and survival data from over 150 patients will be critical to the company’s regulatory case and expects important NfL data in the fourth quarter of 2025.
• Clene is preparing to initiate a confirmatory Phase 3 ALS trial in the first half of 2026, with a separate MS (multiple sclerosis) program in late-stage development.

Investors looking for exposure to important biopharma innovation in underserved markets need to consider Clene (NASDAQ: CLNN). Clene and its wholly owned subsidiary, Clene Nanomedicine Inc., a late clinical-stage biopharmaceutical company is focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, including amyotrophic lateral sclerosis (“ALS”) and multiple sclerosis (“MS”). The company is advancing its lead candidate CNM-Au8^®, a unique and needed oral treatment for ALS, toward a potential FDA accelerated approval. 

Clene’s primary value proposition lies in its differentiated mechanism of action and its potential to secure a meaningful share of the large and growing ALS treatment market. CNM-Au8 is a suspension of gold nanocrystals designed to enhance mitochondrial function and protect neurons, an approach that targets the bioenergetic deficits believed to underlie ALS as well as other neurodegenerative diseases. This could be just the beginning. 

The company’s next inflection point is expected in Q4 2025, when it will report neurofilament light chain (“NfL”) biomarker results from over 150 ALS patients treated in the NIH-sponsored Expanded Access Program (“EAP”). Positive results would strengthen Clene’s case for a New Drug Application (“NDA”) under the FDA’s accelerated approval pathway. According to Clene, the FDA has responded constructively and accepted the basis for the company’s revised statistical analysis plan, which was recently resubmitted for final approval (https://ibn.fm/9EM0s).

Benjamin Greenberg, MD, Clene’s Head of Medical, said the FDA’s “constructive feedback” encourages the company to move forward. The company has also scheduled two additional FDA meetings in 3Q 2025: one to discuss long-term survival data from the HEALEY ALS Platform Trial and another to evaluate Phase 2 results from its multiple sclerosis program.

From an investor perspective, these regulatory discussions could unlock significant value for Clene by accelerating CNM-Au8’s path to market. Based on positive NfL results, Clene plans to launch a confirmatory Phase 3 trial, RESTORE-ALS, in the first half of 2026.

The broader market opportunity is also compelling. According to Research and Markets, the global ALS market was valued at $791.90 million in 2024 and is projected to grow at a CAGR of 5.40%, to reach $1.3 billion by 2034, driven by the rising incidence of ALS and aging populations (https://ibn.fm/qmuTf) CNM-Au8, if approved, would be an important addition to only a few commercially available treatments for ALS.

Clene is also advancing a parallel MS program with the same CNM-Au8 drug asset. Clene will meet with FDA in Q3 2025 for its End-of-Phase 2 meeting, planned to pave the way for a Phase 3 trial targeting cognitive improvement in people with MS. Cognitive dysfunction significantly impacts people living with MS, remaining a key unmet need in the treatment of Multiple Sclerosis.

For investors, Clene’s value lies in its multiple shots on goal: regulatory catalysts in both ALS and MS, ongoing data generation, and a novel therapeutic platform. While clinical-stage biotechs carry inherent risks, the company’s unique approach could significantly shorten its path to commercialization and generate early revenue from a patient population with limited options.

Clene’s differentiated technology and advancing clinical programs position it as a company to watch with important investment potential in the evolving neurodegenerative therapy space.

For more information, visit the company’s website at www.Clene.com.

NOTE TO INVESTORS: The latest news and updates relating to CLNN are available in the company’s newsroom at https://ibn.fm/CLNN

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