Previous Clinical Trial Results
Haduvio™ (oral nalbuphine ER) achieved statistically significant reductions in cough frequency in patients with idiopathic pulmonary fibrosis (IPF) and in patients with refractory chronic cough (RCC).
%
of IPF Patients Experience Chronic Cough

Phase 2b Cough Reduction with Nalbuphine ER (CORAL) Trial
In June 2025, we announced positive results from our Phase 2b CORAL trial for the treatment of chronic cough in patients with Idiopathic Pulmonary Fibrosis (IPF). The results from this trial supported the previous positive results seen in the Phase 2a CANAL trial for this same population.

mITT population
Primary efficacy analysis conducted on log-transformed cough frequency data
^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat mITT population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
PBO: placebo
Statistically Significant Difference vs Placebo At All Doses
Haduvio met the primary endpoint with statistically significant reductions in 24-hour cough frequency across all dose groups. The 108 mg BID, 54 mg BID and 27 mg BID dose groups achieved reductions from Baseline of 60.2% (p<0.0001), 53.4% (p<0.0001), and 47.9% (p<0.01), respectively, compared to a placebo reduction from Baseline of 16.9%^.
Statistically Significant Difference vs Placebo At All Doses

mITT population
Primary efficacy analysis conducted on log-transformed cough frequency data
^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat mITT population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
PBO: placebo
Haduvio met the primary endpoint with statistically significant reductions in 24-hour cough frequency across all dose groups. The 108 mg BID, 54 mg BID and 27 mg BID dose groups achieved reductions from Baseline of 60.2% (p<0.0001), 53.4% (p<0.0001), and 47.9% (p<0.01), respectively, compared to a placebo reduction from Baseline of 16.9%^.
Broad Response
Majority of patients achieved at least a 50% reduction in objective cough frequency. A 50% reduction in 24-hour cough frequency at Week 6 vs Baseline was seen in 65% of patients on 108 mg BID Haduvio (p<0.001), 63% of patients on 54 mg BID Haduvio (p<0.001) and 60% of patients on 27 mg BID Haduvio (p<0.001) dose groups, compared to 19% of placebo patients.

mITT population, Primary efficacy analysis conducted on log-transformed cough frequency data.
^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat (mITT) population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
Responder is defined those subjects meeting the pre-specified threshold.
Broad Response

mITT population, Primary efficacy analysis conducted on log-transformed cough frequency data.
^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat (mITT) population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
Responder is defined those subjects meeting the pre-specified threshold.
Majority of patients achieved at least a 50% reduction in objective cough frequency. A 50% reduction in 24-hour cough frequency at Week 6 vs Baseline was seen in 65% of patients on 108 mg BID Haduvio (p<0.001), 63% of patients on 54 mg BID Haduvio (p<0.001) and 60% of patients on 27 mg BID Haduvio (p<0.001) dose groups, compared to 19% of placebo patients.

^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat (mITT) population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
Responder is defined those subjects meeting the pre-specified threshold
Rapid Onset of Effect
Rapid Onset of Effect

^One placebo patient with an extreme outlier value at Week 6 was excluded from the modified intent-to-treat (mITT) population. Inclusion of the patient in the placebo group would have resulted in an increased cough frequency from baseline in the placebo group and much greater placebo-adjusted differences.
Responder is defined those subjects meeting the pre-specified threshold

Phase 2a Refractory Chronic Cough Improvement Via Nalbuphine ER (RIVER) Trial
In March 2025, we announced positive results from our Phase 2a RIVER trial in patients with RCC, including patients with unexplained chronic cough. The results from this trial supported Haduvio’s potential in treating chronic cough across indications through both the objective cough monitor and patient reported outcomes.

Statistically Significant Primary Endpoint
Haduvio met the primary endpoint with a statistically-significant reduction in 24-hour cough frequency with a 67% reduction from baseline (p<0.0001), and a 57% placebo-adjusted change.
Statistically Significant Primary Endpoint

Haduvio met the primary endpoint with a statistically-significant reduction in 24-hour cough frequency with a 67% reduction from baseline (p<0.0001), and a 57% placebo-adjusted change.
Rapid Reduction in Cough Frequency
Haduvio demonstrated a statistically significant reduction in 24-hour cough at Day 7 (27 mg BID), the earliest objective cough reading with the lowest assessed dose.

Rapid Reduction in Cough Frequency

Haduvio demonstrated a statistically significant reduction in 24-hour cough at Day 7 (27 mg BID), the earliest objective cough reading with the lowest assessed dose.

Broad Clinically Meaningful Effect
84% of those treated with Haduvio saw a clinically meaningful reduction in their 24-hour cough frequency compared to 29% of those treated with placebo. 77% of Haduvio treated patients achieved a 50% or greater reduction in their cough frequency compared with 15% on Placebo.
Broad Clinically Meaningful Effect

84% of those treated with Haduvio saw a clinically meaningful reduction in their 24-hour cough frequency compared to 29% of those treated with placebo. 77% of Haduvio treated patients achieved a 50% or greater reduction in their cough frequency compared with 15% on Placebo.
Consistency Across Baseline Cough Frequency
Haduvio demonstrated a statistically-significant reduction in 24-hour cough frequency with a placebo adjusted change of 51% in the severe cough (20+ coughs/hour) subgroup (p<0.0001) and 75% in the moderate cough (10-19 coughs/hour) subgroup (p<0.0001).


Safety
Over 1,000 patients have been dosed with Haduvio across various indications with some patients treated for up to 1-year.
The safety results of the CORAL and RIVER trials were generally consistent with the known safety profile of Haduvio from previous trials.
Adverse events most commonly observed during the CORAL trial included nausea, vomiting, constipation, dizziness, headache, fatigue, somnolence and dry mouth. Serious adverse events (all non-fatal) were reported for four patients (10.0%) in the placebo group and for two patients (1.6%) across all Haduvio doses combined.
Adverse events most commonly observed during the RIVER trial were constipation, nausea, somnolence, headache, dizziness, and fatigue and there were no treatment emergent serious adverse events.