Stock Markets June 5, 2026 09:25 AM

Climb Bio Shares Edge Lower After Presentation of Initial CLYM116 Safety Findings

Early Phase 1 results show tolerability up to 320 mg; partner Mabworks to begin Phase 2 dosing in Q3 2026

By Avery Klein CLYM

Climb Bio Inc. saw its stock fall in premarket trading after the company presented initial translational and Phase 1 safety data for CLYM116, an anti-APRIL monoclonal antibody candidate for IgA nephropathy. The data, shown at the European Renal Association Congress in Glasgow, indicate the drug was generally well tolerated in single doses up to 320 mg with no serious safety signals observed across 49 participants. Parallel Phase 1 studies were conducted in Australia and China, and partner Beijing Mabworks Biotech plans to start dosing IgAN patients in the Phase 2 portion of its study in the third quarter of 2026.

Climb Bio Shares Edge Lower After Presentation of Initial CLYM116 Safety Findings
CLYM

Key Points

  • CLYM116 Phase 1 safety data presented at ERA Congress indicated tolerability of single doses up to 320 mg with no serious adverse events reported.
  • Two parallel Phase 1 studies were conducted - Climb Bio in Australia and Beijing Mabworks Biotech in China - with Mabworks planning to start dosing IgAN patients in the Phase 2 portion in Q3 2026.
  • Translational pharmacometric modeling from non-human primate data projected dose-dependent IgA suppression and suggested potential for less-frequent dosing compared with first-generation anti-APRIL therapies; sectors impacted include biotechnology, healthcare, and equity markets.

Shares of Climb Bio Inc (NASDAQ:CLYM) fell 2.7% in premarket trading on Friday after the company disclosed early safety and translational pharmacometric findings for its investigational antibody CLYM116.

The data were presented at the European Renal Association (ERA) Congress, held June 3-6, 2026, in Glasgow, Scotland. CLYM116 is an anti-APRIL monoclonal antibody under development for IgA nephropathy (IgAN). Climb Bio released translational modeling results alongside initial Phase 1 safety information.

Safety outcomes and tolerability

According to Climb Bio, single ascending doses of CLYM116 up to 320 mg were generally well tolerated in healthy volunteers. The preliminary safety dataset covered 49 participants who received either CLYM116 or placebo. Across that cohort, the company reported no serious adverse events, no dose-limiting toxicities, and no discontinuations related to adverse events.

All adverse events that occurred were described as mild to moderate in severity, transient, and self-resolving. The only specifically noted events were two injection site reactions, both graded as Grade 1, which resolved without intervention.

Study design and next steps

The observations come from two parallel Phase 1 programs - one run by Climb Bio in Australia and a second conducted by partner Beijing Mabworks Biotech in China. Based on the interim safety readouts, Mabworks has indicated an expectation to begin dosing IgAN patients in the Phase 2 portion of its study in the third quarter of 2026.

Climb Bio said it plans to present initial pharmacokinetic and pharmacodynamic data, together with updated safety results from the ongoing Phase 1 studies, at its R&D Spotlight Series event anticipated in late summer. The company retains worldwide rights to CLYM116 outside of Greater China.

Translational modeling

The translational pharmacometric model, which the company derived from non-human primate data, projected dose-dependent suppression of IgA with CLYM116. Climb Bio noted this projection could indicate the potential for less-frequent dosing relative to first-generation anti-APRIL approaches, as suggested by the modeling.

Context for investors

The market reaction - a modest premarket decline - followed the presentation of these early-stage findings. The clinical dataset presented is preliminary and limited to single-dose healthy volunteer data and translational projections; Climb Bio intends to provide further PK/PD and safety updates later in the summer as the Phase 1 programs progress.


Disclosure

Risks

  • Data are preliminary and derived from single-dose Phase 1 studies in healthy volunteers, so clinical efficacy in IgAN patients has not been demonstrated - this affects the biotechnology and healthcare sectors.
  • Future safety and pharmacodynamic findings may change as additional data are collected; ongoing trials and regulatory outcomes remain uncertain, impacting biotech investors and equity market performance.
  • The timing for Phase 2 patient dosing is planned by the partner for Q3 2026, but this schedule is based on interim results and may be subject to change, creating operational and clinical development uncertainty for stakeholders.

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