Source: Cynata Therapeutics
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Cynata Therapeutics (ASX:CYP) secures regulatory and ethics approval to commence its phase two clinical trial of its novel drug candidate, CYP-001
  • The trial is for patients with high-risk acute graft versus host diseases (HR-aGvHD) and will take place at clinical centres in Turkey
  • The global trial is enrolling 60 patients with HR-aGvHD to offer randomised treatments of steroids plus CYP-001, or steroids plus a placebo
  • The first site visit is geared to occur in the next 1-2 months, and the trial has already opened for recruitment in Australia and the USA
  • Shares last traded at 11.5 cents

Cynata Therapeutics (ASX:CYP) has secured regulatory and ethics approval to commence its phase two clinical trial of its novel drug candidate, CYP-001.

The trial focuses on patients suffering from high-risk acute graft-versus-host diseases (HR-aGvHD) and will be conducted at clinical centres across Turkey.

This international trial aims to enrol approximately 60 HR-aGvHD patients, who will be randomly assigned to receive either steroids combined with CYP-001 or steroids combined with a placebo. Notably, CYP-001 is also known as Cymerus.

The drug, derived from anti-inflammatory mesenchymal stem cells (MSC2), will be administered via intravenous infusion, a method previously demonstrated to exhibit encouraging safety and efficacy results in Cynata’s phase one clinical trial.

“We are delighted to receive approval to commence this trial in Turkey, which is a country that we expect will make a substantial contribution to this trial,” CYP CEO Dr Kilian Kelly said.

“Start-up activities for this trial continue to progress well, and we remain focused on our goals of completing patient recruitment by the end of 2024, with primary results expected in the second half of 2025.”

Cynata plans to open multiple clinical centres in Turkey, with the first site visit anticipated within the next 1-2 months. The company has already opened the trial for recruitment in Australia and the USA.

CYP shares last traded at 11.5 cents.

CYP by the numbers
More From The Market Online
US GRN flag

Week 3 CY26, wrapped: Metals surge, EU troops in Greenland, BHP@$50? and Powell’s next test

Here’s the big signal as far as I see it: as at 3.40pm AEDT on Friday, the XJO is back to 8,900pts, headin…
US department of war concept

US Dept’ of War releases final $7M to IperionX – as well as 290tns of titanium scrap; shares up +5%

IperionX has a receipt of nearly A$7 million in funding from the U.S. Department of War,…
The Market Online Video

HotCopper Highlights for Week 3 of 2026: Same old names keep chatter going in early New Year

Good Afternoon and welcome to HotCopper Highlights for Week 3 of 2026, I’m Jon Davidson.
A HotCopper-branded graphic image which reads "The HotList Top 10: This week's most watchlisted ASX stocks" in front of an ASX chart image faded in the background.

HotList stocks: TalonX, LinQ, Manuka, and other trending companies in Week 3

Good afternoon, and welcome to the HotCopper HotList column.