Animal Health Company Loyal Closes $22 Million Round

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2F&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Loyal&amp&semi;index&equals;1&amp&semi;md5&equals;d505de3bc883310b2cff8453449d7591" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Loyal<&sol;a>&comma; a clinical-stage animal health company developing longevity drugs for dogs&comma; announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness &lpar;RXE&rpar; section of its conditional approval application for LOY-002&period; The drug aims to extend the lifespan of senior dogs and maintain their quality of life as they age&comma; building on the company’s <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;businesswire&period;com&percnt;2Fnews&percnt;2Fhome&percnt;2F20231127326868&percnt;2Fen&percnt;2FFDA-Agrees-Loyal-Data-Supports-Reasonable-Expectation-of-Effectiveness-for-Large-Dog-Lifespan-Extension&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;previous&amp&semi;index&equals;2&amp&semi;md5&equals;9328a6afc69141908b6c8576e413aa59" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">previous<&sol;a> RXE acceptance for a longevity drug specifically targeting the short lifespan of large breed dogs&period;<&sol;p>&NewLine;<p>The company also has raised a &dollar;22 million B-2 round from Valor Equity Partners and Collaborative Fund&comma; among others&comma; in addition to its &dollar;45 million Series B in 2024&period; This brings total investment in Loyal’s to over &dollar;150 million&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Everything we do is in service of helping dogs live longer&comma; healthier lives&comma;” said Loyal Founder and CEO Celine Halioua&period; &OpenCurlyDoubleQuote;These two milestones represent our ongoing commitment to that mission through years of diligence and hard work&period; Proving efficacy is one of the most challenging parts of developing a novel drug&period; While we still have significant work to do&comma; RXE increases the probability that dogs will soon have access to our longevity drugs&period;”<&sol;p>&NewLine;<p><b>A New Preventive Paradigm<&sol;b><&sol;p>&NewLine;<p>The FDA&&num;8217&semi;s Center for Veterinary Medicine has determined that Loyal&&num;8217&semi;s data provides reasonable expectation of LOY-002&&num;8217&semi;s intended effect of extending canine lifespan&comma; marking a significant milestone in the company&&num;8217&semi;s pursuit of conditional approval&period;<&sol;p>&NewLine;<p>LOY-002&comma; a daily flavored tablet developed for dogs aged 10 and older weighing at least 14 pounds&comma; represents a groundbreaking approach to canine longevity by targeting metabolic dysfunction&comma; one of the key underlying mechanisms of aging&period; This preventive therapy aims to reduce the incidence and severity of age-associated diseases that diminish senior dogs&&num;8217&semi; quality of life&comma; offering a practical alternative to established longevity interventions like <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2Fposts&percnt;2Fthe-purina-study&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;caloric&plus;restriction&amp&semi;index&equals;3&amp&semi;md5&equals;7f39cd90b126ce2b8982bcb92c16ac69" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">caloric restriction<&sol;a>&period;<&sol;p>&NewLine;<p>The FDA&&num;8217&semi;s acceptance of RXE demonstrates confidence in Loyal&&num;8217&semi;s innovative approach&comma; and the company anticipates completion of the manufacturing and safety requirements for <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2Fposts&percnt;2Fwhat-is-fda-conditional-approval&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Expanded&plus;Conditional&plus;Approval&plus;&percnt;28XCA&percnt;29&amp&semi;index&equals;4&amp&semi;md5&equals;020fedaec350537e531753ba4096cf03" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Expanded Conditional Approval &lpar;XCA&rpar;<&sol;a> from the FDA by the end of 2025&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Loyal’s progress in bringing their products to market continues to impress&comma; especially since they are breaking new regulatory ground&comma;” said Dr&period; Linda Rhodes&comma; VMD&comma; PhD&comma; a veterinarian and experienced animal health executive who serves on<a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2Fposts&percnt;2Fdr-linda-rhodes-loyal-board-of-directors-press-release&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Loyal&percnt;26&percnt;238217&percnt;3Bs&plus;Board&plus;of&plus;Directors&amp&semi;index&equals;5&amp&semi;md5&equals;0107abd16e9aeed5d24d902dc32087e7" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect"> Loyal’s Board of Directors<&sol;a>&period;<&sol;p>&NewLine;<p>As the company pursues its XCA application&comma; Loyal is simultaneously running its groundbreaking clinical trial&comma; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2Fclinical-trials&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;the&plus;STAY&plus;study&amp&semi;index&equals;6&amp&semi;md5&equals;26f001df44de39e5c79da091276b579c" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">the STAY study<&sol;a>&period; The STAY study is LOY-002’s pivotal efficacy study that dosed its first dog in December 2023 and will take place over approximately four years&period; It is the first and only <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Floyal&period;com&percnt;2Fposts&percnt;2Floyals-latest-milestone-the-first-longevity-clinical-study-design-supported-by-the-fda&amp&semi;esheet&equals;54214027&amp&semi;newsitemid&equals;20250226676005&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;FDA-concurred&plus;clinical&plus;trial&amp&semi;index&equals;7&amp&semi;md5&equals;c1ad8b52b689641bcd787df87c180dec" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">FDA-concurred clinical trial<&sol;a> for longevity and is the largest veterinary trial in history&comma; recruiting over 1&comma;000 dogs from 70 veterinary clinics across the country&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Achieving RXE acceptance is a testament to the ongoing importance of the STAY study&comma;” said Dr&period; Ellen Ratcliff&comma; VP of Clinical and Veterinary Medicine at Loyal&period; &OpenCurlyDoubleQuote;Completing enrollment and seeing what the data shows over the next several years is critical&comma; but this is an important step in the process&period; We now have validation from one of the highest quality regulatory agencies in the world that the drug we’re testing has a reasonable expectation of extending a dog’s life&period;”<&sol;p>&NewLine;<p><b>B-2 Fundraising Round<&sol;b><&sol;p>&NewLine;<p>In addition to achieving RXE for its second drug program&comma; Loyal successfully completed a &dollar;22 million B-2 funding round&comma; led by Valor Equity Partners and Collaborative Fund&comma; among others&period; Along with his investment in Loyal&comma; Jonathan Shulkin&comma; Partner and Co-President at Valor Equity Partners&comma; is joining the company’s Board of Directors&period;<&sol;p>&NewLine;

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