Press Releases June 15, 2026 07:00 AM

Tiziana Life Sciences Announces Purchase of Shares by Executive Chairman

Executive Chairman Increases Stake Amid Ongoing Clinical Trials of Innovative Immunotherapy

By Caleb Monroe
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TLSA

Tiziana Life Sciences' Executive Chairman, Mr. Gabriele Cerrone, has purchased 15,000 shares, increasing his total holding to 34.89% of the company's shares. The company is advancing its lead candidate, intranasal foralumab, a novel fully human anti-CD3 monoclonal antibody, currently in Phase 2a clinical trials for non-active secondary progressive multiple sclerosis with encouraging patient responses observed to date.

Tiziana Life Sciences Announces Purchase of Shares by Executive Chairman
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Key Points

  • Executive Chairman increases shareholding, signaling confidence in company prospects.
  • Foralumab remains unique as the only fully human anti-CD3 monoclonal antibody in clinical development targeting neuroinflammatory diseases.
  • Company pursues innovative intranasal drug delivery, which may improve efficacy and safety relative to IV immunotherapies, potentially impacting biotech and pharmaceutical sectors.

BOSTON, June 15, 2026 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies with its lead development candidate, intranasal foralumab, a fully human, anti-CD3 monoclonal antibody, today announces that its Executive Chairman and Founder, Mr. Gabriele Cerrone, through Panetta Partners Ltd, an entity in which he has a beneficial interest, has increased his holdings with the purchase of 15,000 common shares at $1.11 per share, bringing his total holding to 44,772,230 common shares, which is 34.89% of issued share capital.

About Foralumab

Foralumab, a fully human anti-CD3 monoclonal antibody, is a biological drug candidate that has been shown to stimulate T regulatory cells when dosed intranasally. At present, 14 patients with Non-Active Secondary Progressive Multiple Sclerosis (na-SPMS) have been dosed in an open-label intermediate sized Expanded Access (EA) Program (NCT06802328) with either an improvement or stability of disease seen within 6 months in all patients. In addition, intranasal foralumab is currently being studied in a Phase 2a, randomized, double-blind, placebo-controlled, multicenter, dose-ranging trial in patients with non-active secondary progressive multiple sclerosis (NCT06292923).

Foralumab is the only fully human anti-CD3 monoclonal antibody (mAb) currently in clinical development. Immunomodulation by intranasal foralumab represents a novel avenue for the treatment of neuroinflammatory and neurodegenerative human diseases.[1],[2]

About Tiziana Life Sciences

Tiziana Life Sciences is a clinical-stage biopharmaceutical company developing breakthrough therapies using transformational drug delivery technologies to enable alternative routes of immunotherapy. Tiziana’s innovative intranasal approach has the potential to provide an improvement in efficacy as well as safety and tolerability compared to intravenous (IV) delivery. Tiziana’s lead candidate, intranasal foralumab, which is the only fully human anti-CD3 mAb currently in clinical development, has demonstrated a favorable safety profile and clinical response in patients in studies to date. Tiziana’s technology for alternative routes of immunotherapy has been patented with several applications pending and is expected to allow for broad pipeline applications.

For more information about Tiziana Life Sciences and its innovative pipeline of therapies, please visit www.tizianalifesciences.com.

For further inquiries:

Tiziana Life Sciences Ltd
Paul Spencer, Business Development, and Investor Relations
+44 (0) 207 495 2379
email: [email protected]

[1] https://www.pnas.org/doi/10.1073/pnas.2220272120

[2] https://www.pnas.org/doi/10.1073/pnas.2309221120


Risks

  • Clinical development risk as foralumab is still in mid-stage trials and may face regulatory hurdles or fail to demonstrate sufficient efficacy or safety.
  • Market risk due to competitive biotechnology landscape and potential for alternative therapies impacting demand.
  • Financial risk if additional capital is required to complete ongoing trials, potentially diluting existing shareholders or impacting company valuation.

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