Lipella Pharmaceuticals Marks Successful First Year with Strategic Progress and Key Milestones Accomplished

Lipella Granted Two Orphan Drug Designations by FDA

PITTSBURGH, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Lipella Pharmaceuticals Inc., (Nasdaq: LIPO) ("Lipella," "our," "us" or the "Company"), a pioneering, clinical-stage pharmaceutical company, celebrates its first anniversary as a publicly traded entity. Based in Pittsburgh, PA, the Company has made substantial strides over the past year, achieving critical milestones and advancing its pipeline with three clinical indications and two orphan drug designations granted.

A highlight of the year includes the successful completion of a Type C meeting with the U.S. Food and Drug Administration (FDA) focused on the clinical program for LP-10, Lipella's leading drug candidate for the treatment of hemorrhagic cystitis (HC). Jonathan Kaufman, CEO of Lipella, expressed his satisfaction with the meeting's outcome, noting, “The FDA's feedback from our recent Type C meeting gives us a clear path forward into 2024. Our planned Phase-2b trial for LP-10 will involve 36 subjects in a double-blind, placebo-controlled study, focusing on the treatment's impact on gross hematuria."

Further bolstering its portfolio, Lipella has secured FDA approval for its Investigational New Drug (IND) application for a Phase 2a multicenter trial of an oral rinse formulation of LP-310, targeting Oral Lichen Planus (OLP). With central Institutional Review Board (IRB) approval in hand, the Company is in the process of selecting study sites for this trial.

Additionally, Lipella's LP-310 has been granted orphan drug designation for the treatment of oral graft-versus-host disease (GVHD) with tacrolimus. The Company is poised to submit a Phase 2a IND for this indication in the first quarter of 2024.

Reflecting on the Company's journey, Dr. Michael Chancellor, Lipella’s Chief Medical Officer, remarked, “Our first year as a public company, especially during challenging market conditions, has been remarkable. Heading into 2024, we are enthusiastic about advancing our assets through clinical trials, bolstered by two orphan designations.”

As Lipella Pharmaceuticals steps into another year of innovation and growth, it remains committed to developing groundbreaking treatments that address critical healthcare needs.

About LP-10 and LP-310

LP-10 is a liposomal tacrolimus formulation for intravesical administration to treat hemorrhagic cystitis (HC). LP-10 has been evaluated in a multi-center Phase 2a dose escalation trial of 13 subjects with moderate to severe refractory HC. Positive top line results demonstrated safety and efficacy, short duration of systemic uptake of LP-10, and a dose response including decreased hematuria, decreased cystoscopic bleeding and ulceration sites, and improved urinary symptoms in patients. Lipella has been granted Orphan Disease Designation by the FDA for LP-10 in the treatment of moderate to severe hemorrhagic cystitis. LP-310 liposomal tacrolimus is a proprietary oral rinse formulation of Lipella’s lead drug candidate, LP-10, for the indications of OLP and oral GVHD. Lipella has been granted orphan drug designation by the FDA for LP-310 in the treatment of GVHD.