
I initiate Palisade Bio with a "Buy" rating, driven by its differentiated oral PDE4 inhibitor prodrug PALI-2108 targeting inflammatory bowel diseases. PALI's phase 2b ASCENTRA-UC trial for ulcerative colitis has begun dosing, with 12-week topline results expected in Q4 2027, offering a catalyst. Expansion opportunities include a phase 2a trial in Crohn's disease [Q1 2027 start, Q1 2028 data] and potential in fibrostenotic Crohn's, leveraging proven PDE4 biology.










