Coya Therapeutics Announces Arun Swaminathan, Ph.D. Assumes New Role as Chief Executive Officer

In This Article:

Company underscores potential benefits of low-dose interleukin-2 in Investigator-Initiated Phase 2 Alzheimer’s disease trial as presented at the recent CTAD Conference

HOUSTON, November 01, 2024--(BUSINESS WIRE)--Coya Therapeutics, Inc. (NASDAQ: COYA) ("Coya" or the "Company"), a clinical-stage biotechnology company developing biologics intended to enhance regulatory T cell (Treg) function, announces that, as previously disclosed, Arun Swaminathan, Ph.D., has been promoted to Chief Executive Officer, effective today, November 1, 2024. Dr. Swaminathan was instrumental in executing several significant commercial transactions in his career, including Coya’s licensing transaction with Dr. Reddy’s Laboratory in December 2023 that could be worth up to $700 million if all milestones are met. He brings a wealth of strategic, business development, operational, and deal-making experience to help guide Coya in its next phase of corporate growth.

Dr. Swaminathan commented, "I would like to again thank our board of directors and Executive Chairman Howard Berman for the opportunity to lead Coya. Our pipeline targets severe neurodegenerative diseases facing millions of people across the globe, such as Amyotrophic Lateral Sclerosis (ALS), Alzheimer’s disease, Frontotemporal Dementia, and Parkinson’s disease. We believe our combination therapeutic approach targeting neuroinflammation can unlock a new paradigm in neurodegenerative treatment.

"We are encouraged by data from the Phase 2 investigator-initiated trial in patients with mild to moderate Alzheimer’s disease treated with low-dose interleukin-2 (LD IL-2), shared at CTAD, validating of our Treg platform. The study demonstrated stabilization of cognition with statistically significant CSF biomarker improvement in the lower dose IL-2 arm, confirming the known biology of the relationship between IL-2 dose and Treg enhancement. Previous studies have shown that lower IL-2 doses selectively enhance and increase Treg function, while higher IL-2 doses reduce Treg function via several relevant mechanisms. This dynamic was observed in this study and helped us identify the lower dose of LD IL-2 as the right dose that enhances durable Tregs in patients with Alzheimer’s disease. The data now opens the potential for a multitude of strategic opportunities involving biologic combinations that we intend to vigorously pursue," concluded Dr. Swaminathan.

About Alzheimer’s Disease

Alzheimer's disease is the most common cause of dementia, a general term for memory loss and other cognitive abilities serious enough to interfere with daily life. Alzheimer's disease accounts for up to 80% of dementia cases, affecting an estimated 5.7 million Americans. In more than 90% of people with Alzheimer’s, symptoms do not appear until after age 60. The incidence of the disease increases with age and doubles every 5 years beyond age 65. Alzheimer's is a progressive disease, where dementia symptoms gradually worsen over a number of years. In its early stages, memory loss is mild, but with late-stage Alzheimer's, individuals lose the ability to carry on a conversation and respond to their environment. It is the sixth leading cause of death among all adults and the fifth leading cause for those aged 65 or older. On average, a person with Alzheimer's lives 4 to 8 years after diagnosis but can live as long as 20 years, depending on other factors. 1,2