Clinical and Pharmacology Data Presented at ACR Convergence 2025 In a Phase II trial, LEVI-04 demonstrated a significant, dose-dependent reduction in bone marrow lesions (BML) compared with placebo in patients with osteoarthritis (OA) A significant correlation between improvements in OA symptoms and positive effects on bone structure suggests disease modification potential In newly reported pre-clinical data, there was no evidence of worsening of joint pathology with LEVI-04 treatment.