Targeting the source of autoimmunity

1. Discovery
2. Candidate
3. IND/CTA Enabling
4. Phase 1
5. Phase 2A
6. Phase 2B

Discovery

Candidate

IND/CTA Enabling

Phase 1

Phase 2A

Phase 2b

1

2

3

4

5

6

Investigational antigen modulator for
axial spondyloarthritis (axSpA)

Mechanism of action: ERAP1 inhibition

First-in-class oral small molecule

Therapeutic aim: Develop a functional cure by erasing the inflammation-driving autoantigens

Once-daily oral tablet

Currently in Phase 1/2

ERAP1 has strong genetic associations across autoimmunity

Well tolerated with no safety signals to date

Favorable pharmacokinetic properties and evidence of target engagement

Building a functional cure for autoimmunity

Despite the advent of biologics and targeted synthetic disease-modifying antirheumatic drugs, the treatment of inflammatory conditions like axial spondyloarthritis (axSpA) and many other autoimmune diseases remains challenging.

Current standard-of-care treatments, such as anti-TNF, anti-IL-17 and JAK inhibitors, leave a significant unmet need, with many patients failing to respond or experiencing loss of response over time.

They act downstream of the adaptive immune response by targeting cytokines or immune pathways involved in Signals 2 and 3.

ERAP1 inhibition acts upstream of cytokine production and targets Signal 1 - antigen presentation - that shapes CD8+ T cell recognition and activation.

By modulating the upstream process, ERAP1 inhibition has the potential to address the underlying immune dysfunction driving autoimmune inflammation.

The opportunity

Studies* suggest that around two thirds of people living with axSpA do not achieve sustained disease control targets - such as remission or low disease activity.

Many autoimmune diseases have powerful genetic associations with specific HLA subtypes and ERAP1, particularly in axSpA, whereby gain of function alleles increase therisk of disease and reduced function alleles are protective from developing disease.

The underlying pathology is driven by aberrant cross-reactivity of CD8+ T cells with self (auto)-antigens, and ERAP1 is responsible for creating these autoantigens. The underlying pathology is driven by the abnormal processing and presentation of autoantigens.

By disrupting the presentation of these antigens, which trigger the inappropriate immune response, we aim to eliminate pathogenic T-cell activation and the resulting immune response against healthy tissues.

How ERAP1 inhibition could increase tumor killing by T cells

ERAP1 (Endoplasmic Reticulum Aminopeptidase 1) is a vital part of the antigen presentation pathway. It trims peptide precursors to the right length for loading onto MHC-I molecules for presentation as antigens to CD8+ T cells.

When ERAP1 is inhibited, peptides of non-standard lengths or sequences appear on MHC-I.

This can create novel or more immunogenic peptides on tumor cells, which:

  • Are recognized as abnormal
  • Can stimulate stronger CD8⁺ T-cell responses
  • Make tumor cells more visible to the immune system

Inside the cell

ERAP1 OFF

ERAP1 ON

Before image
After image

ERAP1 OFF

ERAP1 ON

Cycling of GRWD5769 rests & recruits T cells to 2 antigen repertoires

ERAP1 inhibition cycling replaces tumor surface antigens to cycle T cell repertoires
  • Re-sensitizes tumors after acquired resistance, enabling renewed responses to checkpoint inhibitor rechallenge
  • Potential to improve response to first-line immunotherapy by:
    • Preventing T cell exhaustion from occurring
    • Expanding T cell breadth and activity

Inside the tumor cell

Before image
After image

ERAP1 OFF
(GRWD5769)

ERAP1 ON

Did you know?

Inhibiting ERAP1 may have potential in treating cancers, but research has also linked the target to autoimmune disorders. We are spearheading a first-of-its-kind trial to develop a treatment for axial spondyloarthritis, aiming to stop inflammation at the source by hiding the self-antigens incorrectly identified as foreign invaders by the immune system.

Speak to the team for more information

Andy Page

Chief Business Officer

Ben Chapman

Business Development Director

FAQs

Find answers to common questions to help you before reaching out.

What is GRWD5769?

GRWD5769 is a first-in-class, oral drug candidate being developed by Greywolf Therapeutics as a novel cancer immunotherapy for the treatment of advanced or metastatic solid tumors.

GRWD5769, both as monotherapy and in combination with cemiplimab, was well tolerated with no new safety signals. GRWD5769 monotherapy and combination have both been well tolerated at doses up to 800 mg BID, with no DLTs.

Immunopeptidomics shows that ERAP1 inhibition drives changes in the displayed immunopeptidome in a dose dependent manner, and that leads to diversification and remodeling of the T-cell repertoire, an important step in reawakening immune responses to tumors.  

In heavily pre-treated patients, we’ve already seen confirmed partial responses (including in MSS colorectal cancer, a notoriously immune-resistant disease) and durable disease control beyond 6 months in multiple patients.

What is Signal 1?

GRWD5769 is the first treatment to manipulate Signal 1 in T cell activation.

T-cell activation requires a chain of three signals. All current approaches to treating cancer are focused on changing the later steps in the signaling cascade - Signals 2 & 3.

Greywolf Therapeutics is the first company to successfully manipulate Signal 1 (antigen recognition) and impact the initial detection of a cell by a T cell.

What is EMITT-1?

This is a Phase 1/2, open-label, first-in human study of GRWD5769 alone, and in combination with another anti-cancer agent in advanced solid cancers. More information is available on ClinicalTrials.gov (NCT06923761)

How does GRWD5769 work?

GRWD5769 is a potential new cancer treatment that works by inhibiting the enzyme endoplasmic reticulum aminopeptidase 1 (ERAP1) to make tumor cells more "visible" to the immune system. This mechanism is designed to generate a new anti-tumor immune response and help patients overcome resistance to existing immunotherapies.

What stage of development is GRWD5769 in?

Phase 1/2 trials

What makes GRWD5769 different from existing therapies?

GRWD5769 is a novel first-in-class investigational treatment, differentiated by its focus on precision modulation the Signal 1 pathway involved in antigen presentation. Rather than relying on generalized immune stimulation, it is designed to selectively influence immune recognition at the molecular level, with the potential to expand the scope of targets that the immune system can effectively address.

By changing the whole peptidome isn’t there a danger you create new self-peptides and trigger autoimmune diseases?

All “self” peptides are already present—ERAP1 inhibition alters relative abundance, i.e. ERAP1i either up-regulates or down-regulates the existing self peptides. As a result, those peptides are thymically-tolerized.

When you talk about T-cell exhaustion and switching between two antigenic states, is it the same T cells recovering, or completely new clones engaging?

Both. Cycling 3 weeks on/3 weeks off creates two non-overlapping peptide repertoires. Some previously exhausted clones can rest and re-engage; novel ERAP1i cancer antigens can recruit and activate new T clones as well.

What is GRWD0715?

GRWD0715 is a first-in-class, oral small molecule being developed by Greywolf Therapeutics as a novel treatment for autoimmune diseases. It is a selective, potent ERAP1 inhibitor designed to interrupt T cell activation by preventing the presentation of autoantigenic peptides on MHC class I molecules. Axial spondyloarthritis (axSpA) is the lead indication, with the potential to expand into other MHC-I-opathies.

How does GRWD0715 work?

GRWD0715 works by inhibiting ERAP1, the enzyme responsible for trimming peptide precursors to the 8-9 amino acid peptides for loading onto MHC class I molecules. In genetically predisposed individuals (especially those carrying HLA-B*27), this process generates autoantigenic self-peptides that drive self-reactive T cell activation and chronic inflammation. By inhibiting ERAP1, GRWD0715 aims to prevent these autoantigens from being generated — erasing the trigger for the autoimmune cascade at its source.

What is EAST-1?

EAST-1 (ERAP-inhibition in Axial Spondyloarthritis Trial - 1) is a multi-part, Phase1/2 study (NCT07047703) evaluating the safety, tolerability, and efficacy of GRWD0715 in healthy volunteers and participants with axial spondyloarthritis. The Phase 1 component enrolls up to 24 healthy volunteers and up to 36 people living with axSpA.

What stage of development is GRWD0715 in?

GRWD0715 is in Phase 1/2. The first healthy volunteer was dosed in August 2025, the Single Ascending Dose arm completed in March 2026, and the study is currently recruiting (as of August 2026).

What makes GRWD0715 different from existing therapies for axSpA?

Current approved treatments — including TNF inhibitors, IL-17 inhibitors, and JAK inhibitors — work by suppressing inflammatory mediators downstream of the immune trigger. They can be effective at managing symptoms but do not address the underlying cause. GRWD0715 aims to prevent the inflammation-causing autoantigens from being generated and presented in the first place, potentially offering a functional cure.

Could ERAP1 inhibition cause new autoimmune problems?

All 'self' peptides are already present in the body — ERAP1 inhibition alters the irrelative abundance rather than creating entirely new peptides. Peptides that appear at higher abundance following ERAP1 inhibition are therefore already thymically tolerized, meaning the immune system has been trained not to attack them.

What other indications could GRWD0715 address beyond axSpA?

The genetic associations between ERAP1 and disease risk extend across a range of autoimmune conditions. Greywolf Therapeutics is using large-scale genetic datasets — including through its strategic partnership with Genomics — to identify the strongest indications for ERAP1 inhibition. The platform has the potential to address a broad family of autoimmune diseases, including rheumatological disease and inflammatory bowel disease.

Will inhibiting ERAP1 be immunosuppressive?

No - ERAP1inhibition reshapes which antigens are presented — it doesn't reduce or stop antigen presentation. The result is a qualitatively different T-cell response, not a weaker one. In support of this, ERAP1/2 knockout humans and mice have fully intact immunity and clear viral challenges normally — the literature shows an altered T cell repertoire, not an impaired one. Additionally, over 200 patients dosed across our programs show no infection signal, no immune compromise, and a safety database consistent with the drug not being immunosuppressive.