Lifordi Immunotherapeutics Presents Phase 1 Clinical Data for LFD-200, a Subcutaneous Glucocorticoid Antibody Drug Conjugate for Treatment of Autoimmune Disorders

Single and multiple ascending doses were safe and well tolerated in healthy participants
Dosing in patients with rheumatoid arthritis is ongoing with initial data expected by year end
Unique properties of LFD-200 including rapid uptake into immune cells and long tissue residency offer the delivery of anti-inflammatory treatments without systemic toxicity

Key Takeaways

  • Phase 1 data from healthy participants demonstrated single and multiple ascending doses were safe and well tolerated
  • Unique properties of LFD-200 offer the delivery of anti-inflammatory treatments without systemic toxicity
  • Dosing in patients with rheumatoid arthritis is ongoing with initial data expected by year end

Lifordi Immunotherapeutics, Inc., a clinical-stage biotechnology company developing antibody-drug conjugates (ADCs) for the treatment of autoimmune and inflammatory disorders, presented Phase 1 clinical data for LFD-200, the Company’s novel subcutaneously (SC) administered ADC delivering a potent glucocorticoid (GC) directly to immune cells, at the American College of Rheumatology (ACR) Convergence 2026 conference. Phase 1 data from healthy participants (HPs) demonstrated LFD-200 was well tolerated with dose-responsive anti-inflammatory effects and did not affect serum cortisol, a sensitive marker for systemic GC toxicity. Data from patients with moderate to severe rheumatoid arthritis (RA) treated with LFD-200 in the ongoing Phase 1b study are anticipated by the end of 2026.

“These data demonstrate the mechanistic advantage of applying our VISTA-targeting approach to deliver a glucocorticoid to immune cells and decoupling the efficacy of steroids from the systemic side effects,” said Arthur Tzianabos, Ph.D., President & Chief Executive Officer. “Early data from patients with severe RA in the first cohort show promising trends in safety as well as anti-inflammatory activity. While we await the full Cohort 1 data set, we continue to screen and enroll patients in additional cohorts to corroborate and bolster these results.”

LFD-200 is a novel ADC composed of a monoclonal antibody (mAb) that is conjugated to 8 glucocorticoid payload molecules. The mAb is designed to selectively bind to the immune cell surface protein V-domain immunoglobulin suppressor of T cell activation (VISTA), rapidly internalize the GC payload, and have no other biological function. Nonclinical studies of subcutaneous dosing with LFD-200 in non-human primates1 (NHP) demonstrated sustained GC payload exposures in lymph nodes and spleen. Additionally, ex vivo stimulation of whole blood and bone marrow samples suppressed release of pro-inflammatory cytokines in a dose-responsive manner and had no impact on cortisol levels after 13 weekly doses.

The Phase 1 clinical trial is a single and multiple ascending dose (SAD/MAD), randomized, double-blind, placebo- and active-controlled first-in-human study designed to evaluate the safety, efficacy, pharmacokinetics (PK) and pharmacodynamics (PD) of LFD-200 in healthy participants and patients with moderate to severe RA.

Part 1: HPs [N=11/cohort (SAD) or N=8/cohort (MAD)]

  • SAD HPs were randomized to receive a single dose of either oral prednisone (10 mg, open label; N=3), placebo (N=2), or SC LFD-200 (N=6; 1.5, 3, 6, or 12 mg/kg dose)

  • MAD HPs were randomized to receive 4 weekly 5.5 mg/kg doses of SC LFD-200 (N=6) or placebo (N=2)

Part 2: Cohorts of patients with moderate to severe RA (N=14/cohort)

  • Randomization in each cohort is 8 LFD-200: 3 placebo: 3 prednisone (10 mg) with dosing for 12 weeks

In the poster (Poster #0456) entitled “LFD-200, an Antibody Drug Conjugate that Selectively Delivers a Glucocorticoid to Immune Cells, has Anti-inflammatory Activity and was Well Tolerated Without Systemic Side Effects in an Ongoing Phase 1 Study,” presented on Sunday, November 8, 2026, [10:30 am local time], Dr. Matthew W. McClure, Chief Medical Officer of Lifordi, shared data from 4 SAD and 1 MAD cohorts of HPs, which demonstrated:

  • Single and multiple doses of LFD-200 were well tolerated

    • No serious adverse events

    • Treatment-emergent adverse events (Grade ≤2): No concerning findings/trends

    • Laboratories/vital signs/ECG/physical examination: No concerning findings/trends

    • No signs of GC toxicity, e.g., no hypertension, hyperglycemia, mood swings, insomnia, fatigue

  • LFD-200 plasma exposures support biweekly or monthly dosing

    • Serum half-life of ADC was ~30 hours, consistent with active uptake into VISTA+ target cells

    • Free GC payload exposure persists beyond ADC detection, suggesting ≥2 weeks in tissue

    • >400 fold below the Cmax for 10 mg prednisone

  • LFD-200 did not affect cortisol, a sensitive marker for systemic GC toxicity, following doses up to 12 mg/kg (equivalent to ~170 mg of prednisone in a 70 kg HP)

  • LFD-200 showed sustained and potent anti-inflammatory activity in blood*

    • TNFa levels after ex vivo lipopolysaccharide stimulation of blood samples demonstrated a dose-responsive suppressive effect that was comparable to a single 10 mg dose of prednisone and was sustained. A similar effect was seen for IL-6 and IL-1β.

    *Blood is not target tissue; Assay known to underrepresent in vivo effects in immune tissues

“The favorable safety profile observed in healthy participants, including the lack of effect on cortisol levels, affirms our belief in LFD-200 and its ability to bypass the systemic side effects associated with steroids while maintaining their anti-inflammatory activity,” said Dr. McClure. “Our goal is to show the benefit of our targeted drug delivery approach to help patients suffering from RA and broaden its potential to treat other autoimmune and inflammatory diseases in the future.”

For further details, view the poster here.


About Lifordi

Lifordi Immunotherapeutics, Inc. is a clinical-stage biotechnology company leading the way by leveraging the success of antibody-drug conjugates (ADCs) to develop treatments for autoimmune and inflammatory disorders. The Company’s lead ADC, LFD-200, is in a Phase 1 clinical trial for rheumatoid arthritis and demonstrated a favorable safety, PK and PD profile in healthy participants, including dose-responsive anti-inflammatory activity without systemic glucocorticoid toxicity (cortisol suppression). Lifordi has also applied its novel drug delivery approach to other diverse payloads, such as antisense oligonucleotides (ASOs), siRNA, and small molecules. As experienced drug developers in immunology and inflammatory diseases, together with expert clinical advisors and funding from ARCH Venture Partners, Atlas Venture, 5AM Ventures, and Sanofi Ventures, Lifordi is committed to changing how immune and inflammatory diseases are treated. For more information, please visit www.lifordi.com and follow us on LinkedIn.

1McClure et al., ACR 2026

Resources

“
The favorable safety profile observed in healthy participants, including the lack of effect on cortisol levels, affirms our belief in LFD-200 and its ability to bypass the systemic side effects associated with steroids while maintaining their anti-inflammatory activity.
Matthew W. McClure, M.D. — Chief Medical Officer
Arthur Tzianabos, Ph.D.
President & Chief Executive Officer
Arthur Tzianabos, Ph.D., has over 30 years of experience in the biotechnology industry and academia leading teams in the discovery, development, clinical translation and commercialization of new treatments for immunology and rare diseases. Most recently, Dr. Tzianabos served as President and CEO of Homology Medicines and is currently Chair of the Board. During his previous tenure at Shire Pharmaceuticals plc, Dr. Tzianabos had an active role in the development, approval, and commercial launch of multiple therapies for patients with rare genetic disorders. He also worked closely with the Business Development and Corporate Venture functions to invest in and acquire new companies and technologies to build Shire’s pipeline. Dr. Tzianabos is trained as an immunologist and was an Associate Professor of Medicine at Harvard Medical School and maintained laboratories at the Channing Laboratory, Brigham and Women’s Hospital and the Department of Microbiology and Molecular Genetics at Harvard Medical School. Dr. Tzianabos is a member of the Board of Directors for both Stoke Therapeutics and is on the Development Board for the University of New Hampshire’s College of Life Sciences and Agriculture. Previously, he was Chair of the Board for Akouos Therapeutics (acquired by Eli Lilly), on the Board of Oxford Biomedica Solutions, and a member of the Alliance for Regenerative Medicine’s Board of Directors and Executive Committee. He has published more than 80 scientific papers, reviews, book chapters and patents. Dr. Tzianabos holds a Ph.D. in Microbiology from the University of New Hampshire and a B.S. in Biology from Boston College.
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Matthew W. McClure, M.D.
Chief Medical Officer
Dr. McClure has over 20 years of knowledge and hands-on experience in all phases of clinical development and global operations across a broad range of therapeutic areas spanning from orphan diseases to highly prevalent diseases.

Following his medical training at Duke University, he worked at biotechnology companies in roles of increasing responsibility, including as Chief Medical Officer at several companies. Prior to joining Lifordi, Dr. McClure was CMO of Aligos Therapeutics where he was responsible for development team functions including Clinical and Clinical Operations and he designed and oversaw six first-in-human clinical trials as well as Phase 2 studies. Before Aligos, Dr. McClure was CMO of Second Genome where he directed Clinical, Operations, Regulatory, as well as Toxicology and Chemistry, Manufacturing, and Controls (CMC) functions. Earlier in his career, he was responsible for the design, execution, and interpretation of numerous clinical studies at Alios BioPharma (acquired by Johnson & Johnson), Portola Pharmaceuticals, Inc. and InterMune, Inc. (acquired by Roche).

Dr. McClure received his medical degree from Duke University and is an alumnus of the University of California, San Diego, where he graduated summa cum laude with a B.S. in biochemistry and cell biology.
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Chief Communications Officer

Theresa McNeely
tmcneely@lifordi.com