Palobiofarma is a Spanish clinical stage biotech company focused on discovering and developing innovative treatments that modulate adenosine receptors. Our lead compound, PBF-680, is being developed as a first-in-class, disease-modifying therapy for chronic obstructive pulmonary disease (COPD)—the third leading cause of death worldwide.
Despite over 65 million people suffering from COPD, no approved therapies effectively target disease progression. Current treatments, such as inhalers and oral medications, primarily focus on symptom relief (e.g. bronchodilation) and fail to slow disease progression or reduce mortality. Additionally, these treatments often have severe side effects and are only effective for a limited subset of patients.
COPD patients urgently need a therapy that not only relieves symptoms but also modifies the course of the disease. PBF-680 has the potential to meet this need. It is an oral, selective adenosine receptor 1 (A1R) antagonist, designed to address both airway inflammation and bronchoconstriction—areas where we have pioneered clinical evidence for the role of A1R signaling. PBF-680 stands out for its safety, short response time, and easy, adaptable dosing, which are crucial for patient adherence.
PBF-680 has already demonstrated safety and tolerability in phase 1 trials, and its efficacy was validated in phase 2 trials in mild asthmatics, where it reduced pulmonary symptoms and inflammation. The ongoing development shows promise for significantly lowering healthcare costs related to COPD, including hospitalizations and lost productivity.
The primary goal of this project has been to advance the clinical development of PBF-680 as an oral disease-modifying COPD therapy. In the phase 2 trial founded by this project, PBF-680 successfully met its primary endpoint, significantly reducing circulating eosinophil levels in moderate to severe COPD patients, indicating its potential to reduce exacerbations and inflammation.
Our next step is to secure funding—through investment or an IPO—to initiate a phase 3 trial for either severe asthma or COPD, with a target for regulatory approval and market entry by 2032.