AlphaTON Capital Corp (Nasdaq: ATON) and its wholly owned oncology-focused subsidiary Tarus Therapeutics, LLC, operating as Cyncado Therapeutics (Cyncado), today issued a recap of data presented on Saturday at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in Boston.
The poster showed that selective A2B receptor inhibition produces direct anti-tumor activity in both epithelial and non-epithelioid mesothelioma models, reduces tumor PD-L1 alongside decreased pCREB in a human epithelioid mesothelioma cell system, and that TT-4 monotherapy outperformed anti-PD-1 with additional activity in combination. TT-4 remains on track for first-patient dosing in Q1 2026.
“With data now in the public domain showing >90% tumor growth inhibition for TT-4 plus anti-PD-1 and TT-4 monotherapy outperforming anti-PD-1, we are executing toward first-patient dosing in Q1 2026,” said Peter Molloy, Chief Executive Officer of Cyncado Therapeutics. “These findings confirm that selective A2B inhibition exerts a direct anti-tumor effect across mesothelioma subtypes, reduces PD-L1, and drives immune activation consistent with durable response potential.
Key takeaways from the poster
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Direct tumor effect across subtypes: Blocking the A2B receptor produced direct anti-tumor activity in both epithelial and non-epithelioid mesothelioma models
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Quantified anti-tumor activity: TT-4 + anti-PD-1 cut tumor growth by more than 90% in vivo; TT-4 alone outperformed anti-PD-1, with additive benefit in combination
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Mechanistic evidence: Selective A2B inhibition decreased pCREB resulting in lowered PD-L1 expression in human mesothelioma spheroids; in murine models TT-4 blocked NECA-induced pCREB and drove in-vivo tumor control
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Immune activation: Combination therapy was associated with increased immune-effector infiltration, consistent with durable immune response
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Advancing to clinic: TT-4 is IND-enabled and remains on track for first-patient dosing in Q1 2026
Next steps
Cyncado is using these findings to finalize clinical development plans for TT-4 in mesothelioma, with first patient dosing on track for Q1 2026.
About AlphaTON Capital Corp
AlphaTON Capital is a specialized digital asset treasury company focused on building and managing a strategic reserve of TON tokens and developing the Telegram ecosystem. The Company implements a comprehensive treasury strategy that combines direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders. Through its operations, AlphaTON Capital provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram’s billion user platform while maintaining the governance standards and reporting transparency of a Nasdaq-listed company.
Led by Chief Executive Officer Brittany Kaiser and Chief Investment Officer, Enzo Villani, the company’s activities span network validation and staking operations, development of Telegram-based applications, and potential strategic investments in TON-based decentralized finance protocols, gaming platforms, and business applications. AlphaTON Capital Corp is incorporated in the British Virgin Islands and trades on Nasdaq under the ticker symbol ATON.
AlphaTON Capital, through its legacy business, is also advancing potentially first-in-class therapies that target known checkpoint resistance pathways to potentially achieve durable treatment response and improve quality of life for patients. AlphaTON Capital actively engages in the drug development process and provides strategic counsel to guide development of novel immunotherapy assets and asset combinations.
About Cyncado Therapeutics
Tarus Therapeutics, LLC (operating as Cyncado Therapeutics), a clinical stage, wholly owned subsidiary of AlphaTON Capital Corp, is developing potentially best-in-class small molecule adenosine receptor antagonists targeting A2A and A2B receptors to overcome immune suppression in oncology. The Company’s lead program, TT-4, is an oral, ultra-selective A2B receptor antagonist with an initial focus on mesothelioma, advancing toward first-patient dosing in Q1 2026. Cyncado is also developing dual-antagonist strategies designed to achieve comprehensive blockade of adenosine-mediated immune evasion, potentially unlocking synergistic anti-tumor effects and durable patient responses.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact, including statements regarding the Company’s business strategy, plans and objectives, future operations, clinical development timelines, TON ecosystem growth, therapeutic development outcomes, regulatory approvals, and statements preceded by, followed by, or including words such as “believe,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “plans,” “potential,” “targets,” or similar expressions, are forward-looking statements.
These forward-looking statements are subject to substantial risks and uncertainties, including but not limited to: regarding clinical trial outcomes and regulatory approvals; uncertainty of the Company’s investment in TON and digital assets; regulatory and legal risks associated with digital assets; risks related to Telegram’s platform and the TON ecosystem; market volatility; competitive risks in both digital assets and therapeutics development; and other factors described in “Item 3 – Key Information-Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2025, and subsequent reports filed with the Securities and Exchange Commission.
Although the Company believes the expectations reflected in these forward-looking statements are reasonable, actual results may differ materially. The Company undertakes no obligation to update publicly or revise any forward-looking statements, except as required by law.
Contact Information
Investor Relations
AlphaTON Capital Corp
AlphaTON@icrinc.com
(203) 682-8200
Media Inquiries
Richard Laermer
RLM PR
AlphaTON@rlmpr.com
(212) 741-5106 X 216
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