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Last updated : 06/11/2026 - 09h56
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Aelis Farma: AEF0217 favored in 16 of 19 subdomains in daily life, according to parents

Aelis Farma published on November 6, 2026 the results of a retrospective observational study, conducted via an online questionnaire among parents and caregivers of participants in its previous Phase 1/2 trial with AEF0217.

The objective was to verify whether the improvements in adaptive behaviors measured at the time by the Vineland scale (VABS-2) translate into noticeable changes in the daily lives of people with Down syndrome.


Aelis Farma: AEF0217 favored in 16 of 19 subdomains in daily life, according to parents

Sixteen of nineteen subdomains in favor of AEF0217 according to caregivers

Of the 19 subdomains assessed (daily life, autonomy, sociability, communication), 16 show a difference in favor of AEF0217, i.e. 84%, and none in favor of the placebo. The magnitude of the differences, measured by the absolute standardized mean difference (ASMD), is described as large in five cases, notable in six and relevant in five.

The highest value (ASMD of 1.00) concerns the frequency of writing and the use of grammar and spelling. All five skills in the sociability domain favor the treatment, including adaptation to new situations (0.92) and development of interpersonal relationships (0.83).

Regarding overall perception, 37.5% of caregivers in the treated group consider that the effects meet their expectations, compared with 10% in the placebo group.

Furthermore, 27% of caregivers in the AEF0217 group perceived lasting effects well beyond the end of treatment, whereas all caregivers in the placebo group describe effects that decline rapidly after discontinuation.

A sample of 22 caregivers, ahead of a Phase 2b trial with 188 participants

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According to the company, this study “was not intended to independently demonstrate the efficacy of AEF0217”. Of the 26 caregivers who agreed to participate, 22 provided fully analyzable responses (14 in the treated group, 8 in the placebo group), for a 28-day treatment at a dose of 0.2 mg during the Phase 1/2.

Given the small size of the sample, the differences were analyzed using the ASMD, presented by the company as the most appropriate approach. In communication, the smaller differences are, according to the company, due to improvements also reported in the placebo group, an area where the placebo effect could be most significant.

The next stage of development relies on an international, randomized, double-blind, placebo-controlled Phase 2b trial, which plans to recruit 188 participants aged 16 to 32 in France, Spain and Italy. They will receive one of three doses (0.1, 0.2 or 0.6 mg) or a placebo for six months.

In July 2026, an independent data monitoring committee identified no safety issues and recommended continuing the study without modification of the protocol. For Pier Vincenzo Piazza, chief executive officer, these observations constitute “an important milestone”; the trial is progressing according to the planned timeline, with results expected by the end of 2027.



Sector Pharmacie et biotechnologies › Biotechnologies


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 0 millions d'euros
  • Quarterly revenue: 0 millions d'euros
  • Net income: -2,4 millions d'euros
  • -2,2 millions d'euros
Guidance from the release
  • « Nous abordons le second semestre 2026 avec confiance » (mot du DG) ; « la trésorerie disponible […] lui permet de financer ses activités jusqu'au début de l'année 2028, sur la base des hypothèses suivantes : […] en obtenant des reports d'échéances de remboursement, en cours de négociation, pour 0,5 million d'euros »
Risks mentioned
  • Execution of the AEF0217 Phase 2b clinical study in three countries is subject to recruitment progressing on schedule and regulatory compliance
  • Financial visibility through early 2028 is dependent on cost control plan execution and successful securing of non-dilutive funding
  • Business development efforts for AEF0117 require identification of an appropriate industry partner to finance next development stages
Opportunities identified
  • Positive EMA Pediatric Committee opinion on AEF0217 Pediatric Investigation Plan secures development pathway in pediatric populations through young adults
  • €458,000 France 2030 grant award in April 2026 accelerates development of new CB1-SSi compounds for obesity and metabolic diseases without dilution
  • AEF0217 Phase 2b international study (France, Spain, Italy) advancing on schedule with 188 participants and expected results before end of Q4 2027

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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