Syntara Ltd Clears AZALOX Safety Review and Advances to Final Dose Cohort

By Josua Ferreira -
  • The independent DSMB found zero dose-limiting toxicities at the 150 mg twice-daily dose level, clearing amsulostat to escalate to the final 200 mg cohort in the AZALOX Phase 1b trial.
  • All 10 German clinical sites are open and patients are already pre-registered for the 200 mg cohort, signalling strong recruitment readiness ahead of the final escalation step.
  • Preliminary Phase 1b data from AZALOX is expected in Q4 CY26, with progression to a Phase 2 component targeting approximately 30 patients subject to the 200 mg safety review.
  • German Cancer Aid is financially supporting the AZALOX trial, consistent with Syntara's non-dilutive funding model that has secured over $10 million in external grants across four programmes.
  • AZALOX runs in parallel with the ALLG-led MESSAGE study in lower-risk MDS patients, with Syntara pursuing a two-study strategy to build a clinical data package across distinct MDS populations.

Syntara’s AZALOX trial clears safety hurdle and advances to final Phase 1b dose cohort

Syntara (ASX: SNT) has completed the first dose-escalation cohort of the Phase 1b AZALOX trial evaluating its lead candidate amsulostat in combination with the hypomethylating agent 5-Azacitidine (5-AZA) in patients with high-risk myelodysplastic neoplasms.

The independent Drug Safety Monitoring Board (DSMB) has approved escalation to the final Phase 1b cohort after observing no dose-limiting toxicities and no new adverse events attributable to amsulostat. The trial targets patients with high-risk Myelodysplastic Neoplasms (MDS) and Chronic Myelomonocytic Leukaemia (CMML), with preliminary data expected in Q4 CY26.

Safety data clears the path to the 200 mg cohort

The first cohort evaluated amsulostat at 150 mg twice daily in combination with 5-AZA. Following independent review of the safety data, the DSMB cleared the study to proceed to the final cohort, which will evaluate amsulostat at 200 mg twice daily in combination with 5-AZA.

All 10 German clinical sites have been initiated and are open for recruitment. Sites have been actively pre-screening potential participants while awaiting the DSMB review, with patients already pre-registered for the 200 mg cohort.

Key points from the trial progress include:

  • First cohort: 150 mg twice daily plus 5-AZA — completed

  • Safety result: no dose-limiting toxicities, no new adverse events attributable to amsulostat

  • Final cohort: 200 mg twice daily plus 5-AZA

  • All 10 German sites open; patients pre-registered

  • Preliminary Phase 1b data expected Q4 CY26

Phase Component Dose Combination Patient Population Status / Next Step
Phase 1b Cohort 1 150 mg BID 5-AZA High-risk MDS & CMML Completed — no DLTs
Phase 1b Cohort 2 200 mg BID 5-AZA High-risk MDS & CMML Escalation approved
Phase 2 (planned) RP2D 5-AZA ~30 patients Subject to 1b completion

The Phase 1b component is intended to establish the safety profile and recommended Phase 2 dose of amsulostat in combination with 5-AZA. Subject to completion of the 200 mg cohort and review of the associated safety data, the study is expected to progress to a Phase 2 component designed to evaluate safety and efficacy in approximately 30 patients.

Understanding high-risk MDS and why amsulostat matters

Myelodysplastic neoplasms (MDS) are a group of bone marrow disorders in which the production of healthy blood cells is disrupted. Patients often become dependent on regular blood transfusions and face the risk of disease progression to acute myeloid leukaemia (AML), an aggressive form of blood cancer.

The AZALOX study was initiated following encouraging preclinical research indicating that combining amsulostat with a hypomethylating agent may reactivate red blood cell and platelet production. The ongoing clinical study is assessing whether this approach may reduce patients’ dependence on blood transfusions and lower the risk of progression to acute myeloid leukaemia.

For investors, high-risk MDS represents a potential indication expansion for amsulostat beyond its FDA-supported myelofibrosis pathway. It is important to note the programme remains early-stage, and efficacy has not yet been demonstrated in this patient population.

Building a broader clinical package across MDS populations

Syntara is pursuing a two-study strategy designed to evaluate amsulostat across distinct MDS populations. AZALOX addresses high-risk disease, while a parallel Australian programme targets lower-risk patients.

Syntara's Two-Pronged MDS Clinical Strategy

The Australasian Leukaemia & Lymphoma Group (ALLG) is leading the Australian MDS05/D3 MESSAGE study, evaluating amsulostat in combination with the oral hypomethylating agent ASTX727 in patients with transfusion-dependent low and intermediate-risk MDS. The MESSAGE study remains in recruitment for its initial dose-escalation cohort, with Syntara anticipating preliminary results during the first half of calendar 2027.

AZALOX is being conducted through the German MDS Study Group under the sponsorship of Heidelberg University, in collaboration with the Coordination Centre for Clinical Studies Heidelberg. The study is financially supported by German Cancer Aid, providing external funding for the trial.

Syntara’s non-dilutive funding model extends beyond AZALOX: German Cancer Aid is supporting the AZALOX trial financially, consistent with a broader capital strategy that has secured over $10 million in external grant funding across four programmes, including a $3 million government-funded pancreatic cancer trial requiring zero company cash outlay.

CEO Commentary

“High-risk MDS represents a significant potential indication expansion and commercial opportunity for amsulostat beyond the FDA-supported development pathway in myelofibrosis. Together with the Australian MESSAGE study in lower-risk disease, AZALOX provides the opportunity to evaluate amsulostat across distinct MDS populations and build a broader clinical data package around the asset,” said Gary Phillips, Chief Executive Officer of Syntara.

Together, the two studies are intended to establish a broader clinical and commercial profile for amsulostat across haematological cancers characterised by dysfunction of the extracellular matrix and blood cell production.

What comes next for the amsulostat program

Upcoming catalysts for the programme include:

  1. Completion of the 200 mg cohort and associated DSMB safety review

  2. Preliminary Phase 1b data expected Q4 CY26

  3. Progression to the Phase 2 component (~30 patients), subject to safety review

  4. MESSAGE study preliminary results anticipated 1H CY27

Amsulostat’s lead indication remains myelofibrosis, where it holds Fast Track Designation and FDA Orphan Drug Designation, with high-risk MDS representing a potential expansion opportunity for the asset.

Amsulostat’s myelofibrosis pathway remains the lead regulatory programme, having received FDA Fast Track Designation and Orphan Drug Designation alongside positive feedback from a Type C meeting that backed the Phase 2b trial design in approximately 100 patients.

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Frequently Asked Questions

What is the AZALOX trial and what is it testing?

AZALOX is a Phase 1b/2 clinical trial evaluating Syntara's drug amsulostat in combination with the hypomethylating agent 5-Azacitidine in patients with high-risk Myelodysplastic Neoplasms and Chronic Myelomonocytic Leukaemia. The trial is being conducted through the German MDS Study Group under the sponsorship of Heidelberg University.

What does it mean that no dose-limiting toxicities were observed in the AZALOX trial?

No dose-limiting toxicities means the independent Drug Safety Monitoring Board found no serious safety signals at the 150 mg twice-daily dose level, allowing the trial to escalate to the higher 200 mg twice-daily cohort — the final step before the study can progress to a Phase 2 efficacy evaluation in approximately 30 patients.

When will Syntara report preliminary data from the AZALOX Phase 1b trial?

Syntara expects preliminary Phase 1b data from the AZALOX trial in Q4 CY26, following completion of the 200 mg cohort and an associated DSMB safety review.

How is Syntara funding the AZALOX trial without shareholder cash?

The AZALOX trial is financially supported by German Cancer Aid, meaning Syntara is not funding the study from its own balance sheet. This is part of a broader non-dilutive funding strategy that has secured over $10 million in external grants across four programmes.

What is the difference between the AZALOX trial and the MESSAGE study?

AZALOX targets high-risk MDS and CMML patients in Germany using amsulostat combined with injectable 5-Azacitidine, while the MESSAGE study — led by the Australasian Leukaemia and Lymphoma Group — targets lower-risk transfusion-dependent MDS patients in Australia using amsulostat combined with the oral agent ASTX727, with preliminary results expected in the first half of CY27.

Josua Ferreira
By Josua Ferreira
Partnership Director
Josua Ferreira holds a Bachelor of Commerce in Marketing and Advertising and brings a background in publication, business development, and ASX market storytelling. He has worked with listed companies across the resource sector and broader market, combining sharp commercial instincts with a genuine commitment to keeping investors informed.
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