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Monday, October 31, 2022

Instil: Pause of Enrollment in Ongoing Clinical Trials Related to Manufacturing

 

  • Voluntarily paused enrollment in ITIL-168 and ITIL-306 trials pending outcome of manufacturing analysis and implementation of corrective actions

  • No regulatory agency, including the FDA, has notified the Company of a clinical hold in any of its clinical trials

  • Observed decreased rate of successful manufacturing of ITIL-168 for patients recently enrolled in DELTA-1 trial

  • Company intends to provide an update on the manufacturing analysis by early Q1 2023

  • Company confirms cash runway into 2025 upon the successful completion of a potential sale-leaseback transaction of its Tarzana manufacturing facility

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