JEF@ADA26: Our Thoughts on T1D Updates Related to SABS/ SANA

研报英文原文证据摘录

JEF@ADA26: Our Thoughts on T1D Updates Related to SABS/ SANA

USA | Biotechnology EquityJuneResearch9, 2026

JEF@ADA26: Our Thoughts on T1D Updates

Related to SABS/ SANA

We note updates on the T1D space at ADA26 from company data updates, KOL

panels, and symposiums on the evolving landscape. Key data updates were

from: 1) immunotherapies designed to help delay progression of T1D through

beta cell preservation and 2) cell therapies designed as a functional cure. 2026

is poised to be a pivotal yr for the T1D space as SANA and IPSC both aim to file

INDs for their cell Tx in '26 and VRTX works to file their BLA for VX-880 in '26.

Bottom line. ADA26 had a notable number of data updates in T1D, which we take to signal an

increasing interest and focus from the industry on this historically underserved disease space. As

with ADA25, there continued to be interest and data for therapies that aim to preserve beta cell

function for recently diagnosed pts, w/ notable data updates this yr from SABS (SAB-142, humanized

ATG), SNY (teplizumab, aCD3), Cour Pharmaceuticals (CNP-103/ CNP-T1D). However, while ADA25

data largely surrounded products for early onset T1D to help delay progression of disease vs

treating disease, there was more at ADA26 about functional cures for T1D, including data updates

from Century Therapeutics (IPSC) for their genetically engineered beta islets designed for immune

evasion. We take this shifting sentiment at ADA26 to highlight increasing optimism for a true "holy

grail" immune evasive functional cure cell therapy for T1D. We see this as especially important for

ADA this yr as SANA works to file their IND and start their Ph1 trial for their hypoimmune stem cell

derived cell Tx, SC451, as early as 2026, VRTX expects to submit their BLA for VX-880 (iPSC derived