Pacylex Pharmaceuticals N-myristoyltransferase inhibitors highlighted at BIO Annual Meeting

Advancing Oral zelenirstat for Acute Myeloid Leukemia and NMTi payloads for ADCs

Key Takeaways

  • NMT inhibitors disrupt myristoylation upon which many key cancer pathways depend, leading to cancer cell apoptosis and death.
  • AML advances as lead indication for oral zelenirstat with patient dosing underway and Orphan and Fast Track designations received.
  • Pacylex has 28 molecules with single nM potency against human NMT1; some are in testing with partners as ADC payload candidates.

Edmonton, Alberta, Canada June 10, 2025. Pacylex Pharmaceuticals Inc. (Pacylex) is a clinical-stage pharmaceutical company and world leader in N-myristoyltransferase inhibitors (NMTis) for cancer. Oral zelenirstat is a proprietary, potent, NMTi in clinical trials as a first-in-class treatment for hematologic cancers. Pacylex has many potent NMTis as potential payloads for antibody drug conjugates (ADCs) for the treatment of solid tumor cancers. Today Pacylex announced that it is meeting with potential partners and investors at the Biotechnology Innovation Organization (BIO) International Convention on June 16-19, 2025, at the Boston Convention and Exhibition Center, in Boston, Massachusetts, USA. The BIO Convention is the premier life sciences networking conference in the world, bringing together leaders, innovators and investors from the pharmaceutical, biotech and medical device industries.

Myristoylation is a protein modification essential to multiple cancer processes including assembly, translocation, and/or function of validated targets such as B-cell receptor, Flt3-cKit complex, EGFR, and VEGFR. Myristoylation is also essential for Complex I formation in the newly formed mitochondria of cancer cells, and its inhibition shuts down oxidative phosphorylation, which is critical for metastasis and cancer stem cell survival

Pacylex is the only company developing an oral inhibitor, zelenirstat, of the enzymes essential for myristoylation, N-myristoyltransferases (NMTs). Zelenirstat was well tolerated in Phase 1 patients with 14 different types of cancer including refractory/relapsed lymphoma and refractory solid tumors with an average of 4 prior lines of treatment. Oral zelenirstat showed a better safety profile than many cancer drugs, and patients receiving the recommended Phase 2 dose (RP2D) had significantly better progression-free and overall survival than those treated at lower doses; 57% had stable disease or better for 6-16 months. A Phase 2a patient with DLBCL achieved both an anatomic and metabolic partial response. Acute myeloid leukemia patients are now being dosed with oral zelenirstat in another study. Clinical combinations with other oral therapies are planned based on synergy observed in vitro. Zelenirstat is also a potent radiosensitizer in prostate cancer and glioblastoma models.

Antibody drug conjugates (ADCs) are a powerful tool in cancer therapy but suffer from a limited number of ADC payloads. NMT inhibitors regress solid tumor cancers in animal models when used as ADC payloads. Pacylex has exclusive license to 503 NMTis, 28 of which have single-digit nM IC50s against human NMT1. Pacylex is working with partners to develop several of its most potent molecules as payloads for ADCs. 

“Encouraging clinical and ADC results reinforce our commitment to develop both oral zelenirstat and NMTis as ADC payloads”, said Dr. Michael Weickert, CEO of Pacylex. “BIO is a key opportunity to expose potential partners and investors to our first-in-class oral zelenirstat to treat blood cancers, and NMTis as novel and effective payloads for partners’ ADC programs for solid tumors.”


For more information:

Pacylex Pharmaceuticals Contact: Michael J. Weickert
CEO, Pacylex Pharmaceuticals, Inc.
P: 650-218-1840
Twitter @Pacylex (https://twitter.com/pacylex

About zelenirstat (aka PCLX-001 or DDD86481)

Zelenirstat (formerly identified as PCLX-001 or DDD86481) is a first-in-class, oral, small-molecule NMTi being developed to treat patients with leukemia, lymphoma, and for the treatment of solid tumors when used as a payload for ADCs. Zelenirstat selectively kills cancer cells in vitro and has been shown to regress hematologic malignancies and inhibit the growth of lung and breast cancer tumors in animal models. 

Pacylex completed and published a Phase 1 multiple ascending dose safety, tolerability, and pharmacokinetics study on zelenirstat in patients with relapsed/refractory lymphoma and refractory solid tumors (NCT04836195). Zelenirstat demonstrated an acceptable safety and tolerability profile, pharmacokinetics consistent with once-daily oral dosing, and early signs of efficacy. A clinical study in relapsed/refractory AML patients is now underway (ClinicalTrials.gov ID NCT06613217).

About Pacylex Pharmaceuticals

Pacylex is the world leader in developing N-myristoyltransferase inhibitors (NMTis) as targeted therapies for the treatment of hematologic cancers and as payloads for antibody drug conjugates (ADCs) for solid tumors. Pacylex is conducting clinical studies of its lead drug, oral Zelenirstat, the first and only clinically validated NMTi. The FDA has granted zelenirstat both Orphan Drug Designation and Fast Track Designation for AML. The US Department of Defense is supporting the initial clinical investigation of zelenirstat in AML patients. Pacylex is headquartered in Edmonton, Alberta, Canada, but also has an office in the San Francisco Bay area. The Cure Cancer Foundation, Alberta Cancer Foundation, and Alberta Innovates supported the initial clinical studies. For additional information, please visit www.pacylex.com.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, such as statements relating to future events or the Company’s future financial and operating performance, as well as the Company’s business plans, growth initiatives, and objectives and prospects. Generally, forward-looking statements and forward-looking information may be identified by the use of forward-looking terminology, including the words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “goal,” “expect,” “strategy,” “future,” “likely,” "proposed,” “scheduled,” “forecast,” “budget,” “could,” “would,” variations of such words of phrases and other similar expressions, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. However, the absence of these words does not mean that a statement is not forward looking. Forward-looking statements and forward-looking information are subject to numerous factors, risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the Company’s ability to successfully execute on its business plans and strategies, avoid delays in planned clinical trials, hire and retain key personnel, obtain appropriate or necessary governmental approvals to market potential products and obtain future funding for product development and working capital on commercially reasonable terms, changes in laws, and  general macroeconomic conditions, including economic slowdowns, recessionary risks, rising inflation and interest rates, and supply chain disruptions. Forward-looking statements and forward-looking information are based on the beliefs of management as well as assumptions made by and information currently available to management as of the date hereof, and none of the Company or its affiliates undertakes any obligation to update or issue revisions to any forward-looking statements or forward-looking information contained herein to reflect any future events or circumstances, except as required by law. The foregoing does not constitute an offer or solicitation to acquire any securities in the Company or any related or associated entity or affiliate. The information contained herein is not intended as legal, tax, financial or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for an individual’s specific circumstances or needs.

Key Takeaways

  • NMT inhibitors disrupt myristoylation upon which many key cancer pathways depend, leading to cancer cell apoptosis and death.
  • AML advances as lead indication for oral zelenirstat with patient dosing underway and Orphan and Fast Track designations received.
  • Pacylex has 28 molecules with single nM potency against human NMT1; some are in testing with partners as ADC payload candidates.

Media Gallery

Quotes

Encouraging clinical and ADC results reinforce our commitment to develop both oral zelenirstat and NMTis as ADC payloads. BIO is a key opportunity ...
Michael J. Weickert, PhDCEO

Related Bios

Michael J. Weickert, PhD
CEO
Dr. Weickert has been developing drugs at public and private companies for over 30 years. He has been CEO of Fe Pharmaceuticals, illumiSonics, Sonescence, and SEA Medical Systems, CBO of Strategent Life Sciences, Corium, and Therashock, COO of Greenfire Bio and Ohm Oncology, VP of development at SciDose and Auspex, and Senior Program Executive or Manager at Nektar and Ligand. Michael has driven oncology product development including Phase III/NDA for Targretin for Cutaneous T-cell Lymphoma, and business planning for drug delivery versions of the cancer drugs Leuprolide, Paclitaxel and Irinotecan. He obtained Orphan Drug and Fast Track designations for oncology-related products in the US and EU. Prior to joining the pharmaceutical industry, he was at the National Cancer Institute at NIH. He has a PhD in Genetics from the University of Wisconsin, Madison.
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Luc G. Berthiaume, PhD
Chief Scientific Officer
Luc is a professor of cell biology at University of Alberta with 28 years of experience studying protein fatty acylation. He received his PhD from the Université de Sherbrooke and completed his Post-Doctoral Fellowship at the Memorial Sloan-Kettering Cancer Centre. He has more than 40 publications and 3 patents published or pending. Luc is also the founder and president of Eusera, an antibody manufacturing company in Edmonton, AB, which produces and markets many commercially successful antibodies.
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John Mackey, MD
Chief Medical Officer
John is a medical oncologist and Professor of Oncology, University of Alberta, and Chair of the Alberta Pre-Phase I Cancer Program (www.prephaseone.com). As the former Director of Clinical Trials at the Cross Cancer Institute, and the former Executive Director of Translational Research In Oncology (TRIO), a global clinical trial company with its head office in Edmonton, he has experience with clinical trial operations to expedite the clinical evaluation of Pacylex diagnostics and therapeutics.
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Ryan Heit, MSc, MBA
VP Operations
Ryan has a background in research, technology commercialization, business development, and financing early stage companies. Ryan has provided business planning and company development for many early-stage, technology-based ventures in health-related fields in his previous positions as the Director of the Merck Invention Accelerator, with the University of Alberta, TEC Edmonton, and as an independent consultant. He also has nearly a decade of experience in the angel investing space as a Co-Founder and investor in Valhalla Private Capital. He holds a Masters in Experimental Oncology and an MBA from the University of Alberta.
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Contacts

Michael Weickert Ph.D
michael.weickert@pacylex.com
650-218-1840
Chief Executive Officer