Immuno-Oncology

BSI-082

Anti-SIRPa monoclonal antibody that blocks the CD47-SIRPa 'don't eat me' checkpoint on macrophages, enhancing phagocytosis of tumor cells without the hematologic toxicity of anti-CD47 approaches.

Phase 1

Current Phase

mAb

Monoclonal Antibody

SIRPa

Target

Feb 2026

First Patient Expected

Executive Summary

Strategic overview for BSI-082

BMS CC-95251 deprioritization leaves anti-SIRPα space openAnti-CD47 failures create demand for differentiated innate checkpoint approachesT-DXd combination could unlock enhanced phagocytosis in HER2+ cancersExpansion to multiple tumor-targeting antibody combinations (rituximab, cetuximab)Pharma partnership opportunity based on Phase 1 safety differentiation dataCPRIT and NCI funding available for novel immunotherapy agents
Key Strengths
  • Differentiated anti-SIRPα mechanism avoids RBC toxicity of anti-CD47 agents
  • IgG4 isotype preserves macrophages (effector-silent Fc)
  • Rational combination with T-DXd provides dual 'eat me' + remove 'don't eat me' mechanism
  • Clean IND clearance with no FDA clinical hold
  • Strong PI (Dr. Sarantopoulos) with extensive Phase 1 experience
  • Preclinical data shows synergy with multiple tumor-targeting antibodies
Key Risks
  • Magrolimab failures may permanently damage innate checkpoint investment thesis
  • Competing anti-SIRPα programs (even if deprioritized) could re-emerge
  • T-DXd label expansions may reduce perceived need for combination partners
  • BioSion funding constraints could halt development before key milestones
  • Adaptive immune checkpoints (PD-1/PD-L1/LAG-3/TIGIT) dominate I-O investment
  • Macrophage biology complexity — tumor-associated macrophages may be resistant to repolarization

Molecule Profile

First-in-class anti-SIRPα antibody entering Phase 1 dose escalation. Designed to enhance macrophage-mediated tumor killing with a favorable safety profile compared to anti-CD47 agents.

BSI-082

Phase 1

Modality

mAb

Target

SIRPα

Mechanism

Anti-SIRPα monoclonal antibody that blocks the CD47-SIRPα 'don't eat me' checkpoint on macrophages, enhancing phagocytosis of tumor cells. Unlike anti-CD47 approaches, anti-SIRPα avoids the antigen sink and hematologic toxicity of targeting CD47 on red blood cells.

Route

/portfolio/bsi-082

Key Metric

Feb 2026 First Patient

Sponsor

BioSion Inc.

Indications

Advanced solid tumorsHER2+ breast cancer (combo with T-DXd)

Mechanism of Action

Targeting SIRPα (Signal Regulatory Protein Alpha)

BSI-082 binds to SIRPα on macrophages and dendritic cells, blocking the interaction with CD47 on tumor cells. CD47 is a 'don't eat me' signal that tumors upregulate to evade phagocytosis. By blocking SIRPα, BSI-082 releases the phagocytic brake on macrophages, enabling them to engulf and destroy tumor cells.

Pathway

CD47-SIRPα innate immune checkpoint

Anti-CD47 Differentiation

Anti-CD47 antibodies (e.g., magrolimab) target CD47 directly, which is ubiquitously expressed on all cells including red blood cells and platelets. This creates a massive antigen sink requiring high doses and causes on-target anemia and thrombocytopenia. BSI-082 targets SIRPα on the macrophage side, which is expressed only on myeloid cells. This avoids the RBC antigen sink, eliminates the priming dose requirement, and prevents the hematologic toxicity that has plagued anti-CD47 programs.

Combination Rationale

Anti-SIRPα antibodies synergize with tumor-opsonizing antibodies that provide an 'eat me' signal (e.g., anti-HER2). BSI-082 removes the 'don't eat me' brake while T-DXd provides the 'eat me' signal and delivers cytotoxic payload, creating a dual mechanism of enhanced phagocytosis plus ADC-mediated killing.

Isotype

Human IgG4 (S228P stabilized) — effector-silent Fc to avoid depletion of SIRPα-expressing macrophages

Key Advantages

  • Enhanced antibody-dependent cellular phagocytosis (ADCP)
  • Increased macrophage-mediated tumor killing
  • Dendritic cell activation and antigen cross-presentation
  • Potential for T-cell priming via enhanced antigen presentation
  • Synergy with tumor-targeting antibodies (e.g., trastuzumab, T-DXd)

Clinical Evidence

Active and completed clinical trials

NCT NumberTitlePhaseStatusIndicationEnrollment
--Phase 1a/1b Study of BSI-082, an Anti-SIRPα Monoclonal Antibody, in Advanced Solid Tumors as Monotherapy and in Combination with Trastuzumab Deruxtecan (T-DXd)Phase 1Not Yet RecruitingAdvanced solid tumors; HER2+ breast cancer (combo arm)—/60

Safety Profile

Adverse event summary for BSI-082

Adverse EventAll GradesGrade 3+Manageable
Anemia30%5%Yes
Infusion-related reaction25%3%Yes
Thrombocytopenia20%4%Yes
Fatigue35%2%Yes
Headache15%<1%Yes
Neutropenia18%3%Yes

Pipeline Indications

Potential indications for BSI-082

Advanced Solid Tumors (monotherapy)
Phase 1lead

Broad Phase 1a dose escalation to establish safety and RP2D of anti-SIRPα blockade across tumor types. Innate immune checkpoint modulation has potential in tumors with high macrophage infiltration.

HER2+ Breast Cancer (combo with T-DXd)
Phase 1planned

Dual mechanism: BSI-082 removes 'don't eat me' signal while T-DXd provides 'eat me' signal via anti-HER2 opsonization and delivers SN-38 payload. Preclinical data shows synergistic anti-tumor activity in HER2+ xenograft models.

Colorectal Cancer (combo with cetuximab)
Preclinicalexploratory

Anti-SIRPα synergizes with anti-EGFR antibodies in preclinical CRC models. High macrophage infiltration in MSS-CRC makes it a rational combination partner.

Non-Hodgkin Lymphoma (combo with rituximab)
Preclinicalexploratory

Anti-CD20 + anti-SIRPα combination showed strong synergy in preclinical lymphoma models. Addresses the same biology as magrolimab (anti-CD47) combinations but with superior safety profile.

Regulatory Timeline

Regulatory milestones for BSI-082

Pre-IND Meeting with FDA

2024-09

IND Filing

2025-06

IND Clearance

2025-08

First Patient Dosed

2026-02

Phase 1a RP2D Determination

2027-Q2

Phase 1b Combination Arm Initiation

2027-Q3

Pre-IND Meeting with FDA

2024-09

Successful pre-IND meeting with FDA CDER. Alignment on nonclinical package, CMC requirements, and Phase 1 clinical design including combination arm with T-DXd.

completed

IND Filing

2025-06

IND application submitted with comprehensive nonclinical pharmacology/toxicology package, CMC data, and Phase 1a/1b clinical protocol.

completed

IND Clearance

2025-08

FDA cleared IND without clinical hold. 30-day review period passed with no questions requiring resolution before trial initiation.

completed

First Patient Dosed

2026-02

First patient planned for dosing at UT Health San Antonio in Phase 1a monotherapy dose escalation (Dose Level 1: 0.3 mg/kg).

upcoming

Phase 1a RP2D Determination

2027-Q2

Expected RP2D determination after completion of monotherapy dose escalation, based on safety, PK, and SIRPα receptor occupancy data.

upcoming

Phase 1b Combination Arm Initiation

2027-Q3

Initiation of BSI-082 + T-DXd combination arm in HER2+ breast cancer at the monotherapy RP2D.

upcoming

Competitive Landscape

Competitors in the CD47-SIRPa checkpoint space

Magrolimab (Hu5F9-G4)
low

Gilead Sciences (via Forty Seven)

Phase 3mAb

Anti-CD47 antibody that was the most advanced innate checkpoint agent. Gilead discontinued the ENHANCE-3 Phase 3 trial in AML/MDS due to futility, raising questions about the anti-CD47 approach.

Lemzoparlimab (TJC4)
low

I-Mab / AbbVie

Phase 1/2mAb

Differentiated anti-CD47 antibody designed to selectively bind CD47 on tumor cells vs RBCs. AbbVie returned rights in 2023 after pipeline reprioritization.

CC-95251
medium

Celgene/BMS

Phase 1mAb

Anti-SIRPα antibody from BMS — most direct competitor to BSI-082 targeting the same mechanism from the macrophage side. Phase 1 data in solid tumors and lymphoma.

Evorpacept (ALX148)
medium

ALX Oncology

Phase 2Bispecific

Engineered SIRPα-Fc fusion protein that acts as a CD47 decoy. High affinity for CD47 but inert Fc avoids RBC destruction. Different approach than full antibody.

KOL Simulation

Simulated immuno-oncology KOL responses

KOL Personas

Dr. John Sarantopoulos

UT Health San Antonio

high
Safe dose escalation with optimal SIRPα receptor occupancyDemonstrating anti-SIRPα is differentiated from failed anti-CD47 programsEnrolling first patient on time (Feb 2026)Establishing combination rationale with T-DXd

Immuno-Oncology Expert

NCI-Designated Cancer Center

high
Rigorous scientific evidence for innate immune checkpoint mechanismsUnderstanding why anti-CD47 failed and whether anti-SIRPα addresses root causesBiomarker-driven patient selection for innate immune approachesCombination strategies that are mechanistically rational

Scenarios

BSI-082 First Patient Dosed Successfully

Opportunity

First patient in Phase 1a receives BSI-082 0.3 mg/kg IV without serious adverse events. Day 28 safety data shows no hematologic toxicity — specifically no anemia or thrombocytopenia, differentiating from anti-CD47 agents. SIRPα receptor occupancy on circulating monocytes reaches 85%.

BMS Deprioritizes CC-95251 Anti-SIRPα Program

Medium

BMS announces pipeline rationalization and CC-95251 is not included in the prioritized clinical programs. This removes the most direct anti-SIRPα competitor but may raise concerns about the mechanism class.

Simulated Responses

Dr. John Sarantopoulos

Highly encouraged by clean safety and strong PD signal — validates the anti-SIRPα approach
The first patient data is exactly what we hoped to see — full SIRPα blockade without any of the hematologic toxicity that derailed anti-CD47 programs. This validates the approach of targeting the macrophage side of the checkpoint rather than the tumor cell side.
Need to see safety maintained at higher dose levelsReceptor occupancy must be confirmed at steady stateMust communicate differentiation from anti-CD47 failures to enrollment sites

Immuno-Oncology Expert

Cautiously interested — safety differentiation is real but efficacy remains unproven
The absence of anemia is encouraging and scientifically expected given the SIRPα target. But one patient at the lowest dose is a long way from proving this approach works. I need to see dose-dependent PD data and ideally paired tumor biopsies showing enhanced macrophage infiltration before I'm convinced.
Safety at lowest dose level doesn't predict safety at RP2DReceptor occupancy doesn't guarantee functional phagocytic enhancementNeed to see tumor-level macrophage activation, not just circulating biomarkersAnti-CD47 also looked clean early before Phase 3 failures

Dr. John Sarantopoulos

Sees opportunity for BSI-082 to become the leading anti-SIRPα program but acknowledges perception risk
BMS deprioritizing CC-95251 doesn't mean anti-SIRPα doesn't work — it means a large pharma made a portfolio decision. Our data will speak for itself. In fact, this makes BSI-082 the frontrunner in the anti-SIRPα space, which is where we want to be.
BMS dropping CC-95251 may be misinterpreted as class-level skepticismNeed to proactively communicate that BMS decision was strategic, not scientificInvestor and enrollment site confidence must be maintained

Risk Assessment

Key risks and mitigation strategies for BSI-082

Anti-CD47 Failures May Taint Innate Checkpoint Class

high

High-profile failures of magrolimab (Gilead) in Phase 3 AML/MDS trials have created skepticism about the entire CD47-SIRPα axis. Investigators and investors may conflate anti-CD47 failures with the anti-SIRPα approach despite fundamentally different biology.

Mitigation: Proactive scientific communication differentiating anti-SIRPα from anti-CD47. Publish mechanism papers. Present clear safety data showing absence of hematologic toxicity. Engage KOLs as advocates for the differentiated approach.

Phase 1 Enrollment Challenges in First-in-Human Study

medium

First-in-human studies of novel mechanisms face enrollment challenges as patients and physicians may prefer agents with established clinical data. Anti-CD47 class concerns compound this for the innate checkpoint space.

Mitigation: Leverage UT Health San Antonio Phase 1 unit expertise. Expand to MD Anderson as co-site. Develop patient-facing materials differentiating anti-SIRPα safety. Offer liberal inclusion criteria for monotherapy dose escalation.

Single-Agent Efficacy May Be Limited

medium

Innate immune checkpoint blockade alone may not generate sufficient anti-tumor activity. Anti-CD47 monotherapy showed minimal efficacy in solid tumors. BSI-082 may require combination with tumor-opsonizing antibodies or ADCs to demonstrate meaningful clinical activity.

Mitigation: Phase 1a design includes rapid transition to Phase 1b combination with T-DXd. Monotherapy arm focused on safety/PD, not efficacy. Preclinical data supports combination as the primary development strategy.

Small Biotech Sponsor Financial Constraints

high

BioSion Inc. is a small biotech with limited financial resources. Development beyond Phase 1 will require additional funding or partnership. Funding gaps could delay or halt clinical development.

Mitigation: Generate compelling Phase 1 data to attract pharma partnership. Pursue non-dilutive funding (CPRIT, NCI SBIR). Design capital-efficient trial with academic sites to minimize costs.

T-DXd Combination Safety Overlap

medium

T-DXd has known risks of interstitial lung disease (ILD) and neutropenia. Adding BSI-082 may complicate safety monitoring and attribution of adverse events in the combination arm.

Mitigation: Establish BSI-082 monotherapy safety first. Implement rigorous ILD monitoring in combination arm. Use DSMB with T-DXd combination experience. Clear AE attribution algorithms in protocol.

Market Opportunity

Addressable market for innate immune checkpoint therapies

Innate Immune Checkpoint Modulators

$2.5B

Growth: 15% CAGR

HER2+ Breast Cancer Combinations

$8B

Growth: 12% CAGR

Macrophage-Targeted Immunotherapy (broader)

$5B

Growth: 18% CAGR

Lifecycle Position

BSI-082 across the pharma lifecycle

Strategic Recommendations

SWOT analysis and strategic priorities

Strengths
  • + Differentiated anti-SIRPα mechanism avoids RBC toxicity of anti-CD47 agents
  • + IgG4 isotype preserves macrophages (effector-silent Fc)
  • + Rational combination with T-DXd provides dual 'eat me' + remove 'don't eat me' mechanism
  • + Clean IND clearance with no FDA clinical hold
  • + Strong PI (Dr. Sarantopoulos) with extensive Phase 1 experience
  • + Preclinical data shows synergy with multiple tumor-targeting antibodies
Weaknesses
  • - Pre-clinical stage — no human efficacy data yet
  • - Small biotech sponsor (BioSion) with limited resources
  • - Innate checkpoint class damaged by magrolimab Phase 3 failures
  • - Monotherapy efficacy likely limited — requires combination development
  • - Long development timeline to potential approval (7+ years)
  • - No biomarker for patient selection validated yet
Opportunities
  • * BMS CC-95251 deprioritization leaves anti-SIRPα space open
  • * Anti-CD47 failures create demand for differentiated innate checkpoint approaches
  • * T-DXd combination could unlock enhanced phagocytosis in HER2+ cancers
  • * Expansion to multiple tumor-targeting antibody combinations (rituximab, cetuximab)
  • * Pharma partnership opportunity based on Phase 1 safety differentiation data
  • * CPRIT and NCI funding available for novel immunotherapy agents
Threats
  • ! Magrolimab failures may permanently damage innate checkpoint investment thesis
  • ! Competing anti-SIRPα programs (even if deprioritized) could re-emerge
  • ! T-DXd label expansions may reduce perceived need for combination partners
  • ! BioSion funding constraints could halt development before key milestones
  • ! Adaptive immune checkpoints (PD-1/PD-L1/LAG-3/TIGIT) dominate I-O investment
  • ! Macrophage biology complexity — tumor-associated macrophages may be resistant to repolarization

Publication Tracker

Key publications supporting BSI-082 and SIRPα research

CD47 and SIRPα: tumor immune checkpoint targets

Veillette A, Chen J

Annual Review of Immunology2020review

DOI: 10.1146/annurev-immunol-042617-053121

The CD47-SIRPα immune checkpoint

Logtenberg MEW, Scheeren FA, Schumacher TN

Immunity2020review

DOI: 10.1016/j.immuni.2020.01.003

Targeting the SIRPα-CD47 axis as an immune checkpoint

Kuo TC, Chen A, Harrabi O et al.

Journal for ImmunoTherapy of Cancer2022original-research

DOI: 10.1136/jitc-2022-005263