SecBot SecBot
Biotech Drug Report Generated Oct 24, 2026

RHB-102

RDHL·RedHill Biopharma Ltd.
BEARISH
Drug Impact Rating3/10
Trial Phase
Late-stage development (Phase 3 completed for certain indications)
Time to Market
Unknown — no regulatory filing has been announced. The drug is in late-stage development but RedHill has not disclosed a specific NDA/PDUFA timeline. Given the company's severe cash constraints, any path to market likely depends on finding a partner.
Why 3/10
No hard dated catalyst (PDUFA, pivotal readout, or regulatory decision) is scheduled for RHB-102 in the next ~12 months. The drug is in late-stage development with no announced filing timeline. RHB-102 is one of several pipeline assets at a company whose stock is driven by solvency risk. ImpactScore 3: a minor pipeline asset with no imminent binary catalyst.
Actionable Insight ▼ BEARISH

RHB-102 has no hard dated catalyst (no PDUFA, no pivotal readout scheduled in the next ~12 months). The stock is driven almost entirely by RedHill's solvency risk, not pipeline progress. Watch for partnership announcements on RHB-102 or emergency financing — either could cause a short-term move, but the going-concern risk dominates.

Price Chart

Loading chart...

Executive Summary

RHB-102 is RedHill Biopharma's once-daily bimodal extended-release ondansetron, a reformulation of the well-known anti-nausea drug ondansetron (generic Zofran). It is being developed for chemotherapy-induced nausea and vomiting (CINV) and GI indications, including GLP-1/GIP-associated GI intolerance. RedHill recently regained full worldwide rights after terminating its license with Hyloris Pharmaceuticals. However, the drug has no near-term approval catalyst, and the developer is in severe financial distress — only $4.1M cash, a going-concern warning, Nasdaq delisting risk, and an active dilutive ATM offering. RHB-102 is a minor pipeline asset at a company fighting for survival.

How It Works

RHB-102 is a once-daily pill version of ondansetron, a well-known anti-nausea drug. Ondansetron works by blocking serotonin (a chemical that triggers nausea and vomiting) from activating the vomiting center in the brain. RHB-102 uses a special "bimodal" extended-release technology that releases the drug in two phases — an immediate burst followed by a sustained release — so a single daily dose can prevent nausea and vomiting for a full 24 hours, unlike standard ondansetron which requires multiple doses per day.

Trial Status

RHB-102 has completed late-stage clinical development. RedHill previously conducted a Phase 3 study for acute gastroenteritis (the GUARDIAN study) and has studied it for chemotherapy-induced nausea and vomiting (CINV). The company now plans to continue development for oncology support and GI indications, including GLP-1/GIP-associated GI intolerance. No specific ongoing trial enrollment data is publicly available in the local database.

The Two-Sided Case

▲ Bull Case4
RedHill now holds full worldwide rights to RHB-102 after terminating the Hyloris license, giving the company complete strategic flexibility to partner the asset globally
The drug targets a large, growing market — GLP-1/GIP-associated GI intolerance (linked to the booming GLP-1 weight-loss drug boom) plus established CINV — a well-established $1B+ anti-nausea market
Analyst consensus shows 6 Buy/Strong Buy vs 1 Hold (though data is from March 2025), and Citadel doubled its RDHL position in Q2 2026, suggesting some institutional interest in the story
The drug uses a differentiated once-daily bimodal release profile vs. standard ondansetron, potentially offering compliance and convenience advantages
▼ Bear Case5
RedHill has only $4.1M cash with a formal going-concern warning (per the April 2026 20-F filing, only $4.1M cash, $5.7M in obligations) — the company may not survive long enough to bring RHB-102 to market without dilutive financing or a fire-sale partnership
No specific regulatory filing or pivotal readout date has been announced for RHB-102; the stock is trading near its 52-week low of $0.41 (currently ~$0.42), reflecting deep distress
The company is actively selling shares under an ATM facility (up to $2.59M additional ADSs filed Oct 2026), massively diluting existing shareholders
RHB-102 is a reformulation of generic ondansetron — a well-understood molecule — so the bar for approval is high and the drug faces generic competition from multiple ondansetron formulations
Nasdaq delisting risk from a low stock price deficiency notice adds delisting risk on top of financial distress

Upcoming Catalysts

  • Potential partnership/licensing deal for RHB-102 (company exploring partnerships)
  • Any update on late-stage development plans for GLP-1/GIP-associated GI intolerance indication

Source Filing

The SecBot filing or press-release report that triggered this drug report:

RedHill Biopharma Ltd. 6-K RDHL ·Originating report

Sources · 2

Hover a chip for the title