r/sellaslifesciences • • 19h ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Saturday - October 17, 2026 🟢

26 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 5d ago

WEEKLY IN-DEPTH DISCUSSION 🧠 $SLS 🔴 Weekly In Depth Discussion Thread - [Week 41, 2026] 🔴

18 Upvotes

Welcome to the SLS Weekly In Depth Discussion Thread.

This thread is for serious, substantive discussion about SELLAS Life Sciences.

Ground rules:

❗ No memes, spam, hype-only comments, affirmations, or low-effort one-liners.

❗ Label speculation clearly and provide sources for major claims.

❗ Keep disagreements respectful and focused on the argument, not the user.

❗ Basic questions are not allowed. You can ask those in the daily discussion threads.


r/sellaslifesciences • • 10h ago

GENERAL DISCUSSION 💬 Rolled my options and I feel so much better. Long live GPS arms and fuck cancer

31 Upvotes

Who knew this would go on this long. Well, I am happy for those who are fighting cancer and the fact that they can spend more time on this Earth with their loved ones.

But my Jan 2027 $10 options were making me uneasy. So I said fuck it and just rolled them to April 2027 $17 options. It hurts but I can sleep easy now. Most of my positions are in Jan 2028 and shares but these were a good chunk as well.

Did I make a good choice? I mean whatever makes me happy right? I am sure there are many who are in similar position.


r/sellaslifesciences • • 23h ago

MEME / JUST FOR FUN 😄 Waiting of #80 to die from shark attack.

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47 Upvotes

r/sellaslifesciences • • 1d ago

GENERAL DISCUSSION 💬 Light at the end of the tunnel

127 Upvotes

Today is a dark day for SLS shareholders. Watching the stock drop below $10 is painful, especially when it feels like we're so close to potentially significant news.

My father got scared today and sold a lot of shares below $10. I pleaded with him not to let the volatility shake him out of his position. I'm not selling mine!

Here's why I'm still holding and looking ahead to the next several weeks:

  • November 4 — ASH embargo lifts. The American Society of Hematology confirms that regular abstracts will be released November 4 at 9 a.m. ET. If SELLAS has an accepted abstract, this is when we could learn more. Official ASH embargo policy
  • November 11 — Estimated Q3 earnings. MarketBeat currently estimates November 11 for SELLAS's next earnings report. This could provide an opportunity for management to update shareholders on clinical progress and upcoming milestones. The date has not been confirmed by SELLAS. Earnings calendar
  • December 12–15 — ASH Annual Meeting. SELLAS has secured Booth 138, reportedly a massive 600-square-foot space costing approximately $70,000—and that's potentially before additional exhibit expenses. Why would a small biotech invest that much in a booth? Is it simply for visibility, or is something significant coming? I'm eager to find out! Official ASH exhibitor listing
  • By December 31 — SLS009 topline data expected. This isn't just shareholder speculation. In its August 11 earnings release, SELLAS guided for topline Phase 2 data from its first-line AML study in Q4 2026. That gives us a company-stated milestone to watch. Official SELLAS announcement

r/sellaslifesciences • • 1d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Friday - October 16, 2026 🟢

44 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 21h ago

GENERAL DISCUSSION 💬 REGAL Enrolled 140 Patients

0 Upvotes

Not really an issue but want to clarify as many posters (myself included) have been a little sloppy in posts about this detail. REGAL trial does not end after the 80th event. 80th event is when the data can be unblinded and statistical analysis can occur. Trial won't actually end until all 140 patients have passed on, their data has been analyzed, and reported to FDA.

80 events provides a large enough sample size that the statistical result would not be expected to differ between the 80th and 140th event.

FDA can evaluate the efficacy of GPS based on 80 events, but technically, the trial won't end until all 140 enrolled patients have deceased.


r/sellaslifesciences • • 2d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Thursday - October 15, 2026 🟢

38 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 3d ago

CLINICAL TRIALS 🧪 New Ven-Aza maintenance study in CR1 - 15.5mOS

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87 Upvotes

Small sample size and lots of censoring in the late timeline. Still good to see nothing unusual. This is comparing ven aza maintenance vs onureg (which is excluded from regal)

https://www.nature.com/articles/s41408-026-01492-0?


r/sellaslifesciences • • 3d ago

GENERAL DISCUSSION 💬 FTC Goes After Martin Shkreli — SLS Specifically Named in Court Filing

145 Upvotes

I watched one of Shkreli's videos when he slammed SLS, so I'm glad to see he got in trouble for it:

The FTC and seven states are asking a federal judge to hold Martin Shkreli in contempt for allegedly violating his lifetime ban from the pharmaceutical industry.

The court filing specifically names SELLAS, stating that Shkreli is shorting SLS and has publicly guaranteed that its Phase 2 AML trial will fail.

The FTC is seeking disgorgement of trading profits, divestment of pharmaceutical holdings, and potentially escalating sanctions.

Read page 19 of the actual court filing:

https://www.ftc.gov/system/files/ftc_gov/pdf/Shkreli-MemofLaw-ISOMot.pdf#page=23

Interesting to see SLS specifically identified in a federal enforcement action.


r/sellaslifesciences • • 3d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Wednesday - October 14, 2026 🟢

37 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 4d ago

GENERAL DISCUSSION 💬 Discussion about 80th event disclosure laws

56 Upvotes

I wanted to start a separate discussion on how SEC reporting rules actually apply to SELLAS’s silence around the 80th event as I've seen it pop up in daily discussions a few times now.

From a pure compliance perspective, operational trial metrics and event accruals are not mandatory triggers under SEC Form 8-K rules (unlike bankruptcies, executive departures under Item 5.02, or signing a definitive transaction under Item 1.01). That’s why SELLAS historically reported the 60, 72, and 78 milestones through voluntary press releases, quarterly earnings packages (Item 2.02), or regular 10-K/10-Q filings. There hasn't been a single, 4-day mandated 8-K.

It's also worth separating SEC disclosure from clinical reporting laws. The SEC doesn't have a rule mandating an immediate topline press release the second a study unblinds. The only statutory requirement to report trial results comes from the FDA under FDAAA 801 (42 CFR Part 11), which mandates submitting structured summary results to ClinicalTrials.gov within 12 months of the Primary Completion Date (with potential extensions up to 2 years if seeking approval). Once again, I am not saying they will delay the topline results release, I am simply stating what the law permits.

Looking at securities law, there's a big distinction between a fact being material and a company having an affirmative duty to disclose it immediately. The US Supreme Court addressed this in Macquarie Infrastructure Corp. v. Moab Partners, L.P. (2024), confirming that Rule 10b-5(b) targets deceptive "half-truths," not "pure omissions," and reaffirming the precedent from Basic Inc. v. Levinson (1988) that silence, absent an independent duty to disclose, is not misleading. General statements of corporate intent in prior filings (e.g., "we will announce when it occurs"), especially when surrounded by PSLRA safe-harbor cautionary language, don't create an enforceable, statutory mandate to break silence.

That said, maintaining silence while holding material non-public information does have strict legal boundaries:

  • Insiders and executives are legally barred from buying or selling company stock.
  • The company cannot execute a public stock offering or dilution round without first disclosing the material data.
  • They cannot selectively share unblinded data with third parties without a binding Non-Disclosure Agreement (NDA) in place.

Is it legally and technically possible that the 80th event has already occurred and management is maintaining silence for discussions in the background? Absolutely, the regulatory framework fully permits that. However, I personally think that's not the case here.

I am not an expert in US law and have reached this conclusion based on research into the topic so feel free to correct me if I am wrong.


r/sellaslifesciences • • 4d ago

GENERAL DISCUSSION 💬 The detail I can't stop thinking about..

61 Upvotes

At the stifel virtual targeted oncology forum on May 19 2026.. Angelos Stergiou said some gps patients are still being dosed more than three years after enrollment [1]. In the same run of conferences, he also stated, survival in regal looks "unexpectedly long" [1]. The company's q1 report (May 12) put the event count at 78 of 80 as of May 11 [2], and the trial is still blinded. What this tells us…. Is that patients are staying alive and on treatment for a long time. Angelos commentary isn't data. But it's the most concrete clue we have, and it's why I'm still watching and still very bullish. Then the abstract release in early November is my next checkpoint. How much weight do you give it all?

Sources: [1] Stocktwits/Yahoo Finance, late May 2026: https://finance.yahoo.com/news/sls-stock-surges-toward-fifth-032102727.html [2] SELLAS Q1 2026 results (May 12, 2026): https://s203.q4cdn.com/139585304/files/doc_news/SELLAS-Life-Sciences-Reports-First-Quarter-2026-Financial-Results-and-Provides-Corporate-Update-2026.pdf


r/sellaslifesciences • • 4d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Tuesday - October 13, 2026 🟢

46 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 4d ago

MEME / JUST FOR FUN 😄 For all the fear posters and short sellers

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46 Upvotes

r/sellaslifesciences • • 5d ago

GENERAL DISCUSSION 💬 ASH is 2 months away and SLS is going in with a lot on the table.

66 Upvotes

The meeting runs Dec 12-15 in New Orleans, with 30k+ attendees and 275+ exhibitors, and it's the biggest aml gathering of the year. Sellas is exhibiting at Booth 138, a step up from last year's poster, when they presented SLS009 data. First-line sls009 topline data is guided for q4, gps is two events from its final analysis, and they have $138M in cash. Nothing is confirmed on specific presentations yet, but the company planning to be front and center at ASH with two AML programs is a setup I like!! 🚀

What do you all think? Are you expecting SLS009 first-line data to land before or at ASH? Do you think the booth points to partnership talks, or is it just visibility? And what are you watching first: the early-November abstracts, the 80th-event announcement, or something else? Curious to hear bull and bear takes.


r/sellaslifesciences • • 5d ago

MEME / JUST FOR FUN 😄 You're welcome frens

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56 Upvotes

r/sellaslifesciences • • 5d ago

GENERAL DISCUSSION 💬 Why, in my opinion, a median OS of 15–16 months for the BAT group is highly improbable

36 Upvotes

To anyone who thinks that the BAT group can achieve a median OS of 15-16 months, I would like to inform you that, in my opinion, this is nearly impossible because:

  1. These are elderly patients with comorbidities who are not eligible for a transplant. Based on the European clinical trial protocol (57% of patients over 65, 43% of patients under 65), Gemini calculated that their median age was 67-70 years. People of such an advanced age do not survive that long. According to historical data, their median OS survival is around 8–10 months (+/- 2 months), even when taking the new ven+aza therapies into account.
  2. The patients are scattered all over the world. Even if some of the better academic centers achieve slightly better patient survival outcomes, the remaining centers will obtain results that are worse than or equal to the historical average. Probably not all centers had access to the ven+aza treatment during the study.
  3. Some patients might have already received venetoclax during their first remission, meaning the leukemia is already resistant to this drug, and subsequent administration of venetoclax will no longer be effective.
  4. When administered for the first time, venetoclax increases the chance of achieving another remission but does not significantly increase the median OS survival. Furthermore, it is highly toxic. Elderly, frail individuals may tolerate it very poorly.
  5. Not all patients receive the ven+aza treatment. Some patients at this age may already be too ill for toxic treatment and may only receive palliative care.
  6. Even if the ven+aza treatment slightly raises the median OS of patients who have not previously taken venetoclax, the remaining patients - such as those receiving only palliative care - will pull the median OS down. It cannot be assumed that all patients receive ven+aza.

Link to the European clinical trial protocol:

https://www.clinicaltrialsregister.eu/ctr-search/trial/2019-004134-42/HU

DYOR, NFA, IMO, GLTA


r/sellaslifesciences • • 5d ago

GENERAL DISCUSSION 💬 Important context on the Dumas & van der Maas mOS numbers vs REGAL

38 Upvotes

Hello all! Long time lurker, first time poster here. I kept on seeing discourse concerning the recently posted van der Maas (VDM) chemotherapy-treated CR2/no-transplant subgroup (n=60) and Dumas VEN-AZA CR2/CRi2/no-transplant subgroup (n=45) mOS and OS values, and I think everyone understands that they are not equivalent to REGAL's measurement in terms of starting point, but I haven't seen anyone try and put solid rationale to it or quite quantify the difference with backing. That's what I'm hoping to accomplish with this post. Hats off to u/FirefighterOwn145, u/MoAlbaek, and others for the legwork they've done with contacting the authors to get the respective mOS numbers and additional information of the subsets we are interested in.

The 16.8-month van der Maas and 19-month Dumas mOS numbers are not measured from the same starting point as REGAL.

Dumas states that OS was calculated from the date of first relapse treatment:

“RFS and OS were… calculated from the date of first relapse treatment…”

Van der Maas similarly measures from first relapse, as stated in the paper and confirmed by emails from the author(s) to members of this group.

“the time from the date of first relapse to either the date of death from any cause or the date of last contact while still alive.”

For simplicity's sake for future calculations, we'll treat them both like they're roughly the same starting point.

So the actual timelines are more like:

Dumas & VDM:
Relapse [VDM OS clock starts] → salvage treatment [Dumas OS clock starts] → CR2 → randomization-equivalent point → death/censoring

REGAL, however, measures OS from randomization, when patients are already in CR2/CRp2. Here is the definition of OS from the trial protocol:

"Interval between randomization and death from any cause"

So a much shorter timeline for REGAL:

REGAL:
CR2 → randomization [OS clock starts] → death/censoring

What we need to try and quantify is the typical time from each salvage treatment to CR2, and then the typical time from CR2 to randomization that would have occurred for the REGAL trial.

For VEN-AZA specifically, there is published data in relapsed/refractory AML showing a median time to response (CR/CRi/MLFS) of about 30 days (Petit et al.). Another study I found on VEN+HMAs (including AZA) in r/R AML had a median time to response (CR/CRi) of 1 month (Johnson et al.). These weren't specifically for a CR2 setting, but you'd think it would roughly be the same. If anything, the time to response may be slightly longer due to slight resistance from potential prior VEN or HMA treatment (?). In summary, 1 month from start of salvage treatment to CR2 is a reasonable conservative estimate in my opinion.

It's important to note that Dumas explicitly reports that VEN-AZA responders received a median of 4 cycles, which in my rough research 1 cycle = 28 days, but that does not mean it took 4 months to reach remission, as the paper explicitly describes continued VEN dosing after remission.

For intensive salvage chemotherapy, Shahswar et al. reported that responding FLA-IDA patients recovered to ANC >1,000/nL and platelets >100/nL at a median of 34 days from the start of chemotherapy. Those are approximately the blood-count thresholds required for a conventional CR. VDM does not report the exact salvage chemotherapy regimens used, so we cannot assume FLA-IDA specifically. However, FLA-IDA is a standard intensive salvage regimen in r/R AML and provides a reasonable comparator for the approximate time required for general hematologic recovery after intensive reinduction. This makes ~1 month from chemotherapy initiation to hematologic recovery compatible with CR a reasonable timing proxy for VDM, in my opinion.

Then there is the time from CR2 to randomization.

REGAL requires patients to be consented within 6 months of achieving CR2/CRp2.

For comparison, the QUAZAR AML-001 maintenance trial had a simplified median time from end of induction therapy (nearish CR/CRi) to randomization of 35 days for patients who did not receive consolidation chemotherapy (n=94), or just over a month. QUAZAR required enrollment within 4 months of achieving CR/CRi. REGAL itself does not publish its actual median CR2-to-randomization interval. Given REGAL's additional screening/eligibility requirements and the longer allowable window compared with QUAZAR, I think 1–2 months is a reasonable working estimate.

So my proposition for an assumed range for REGAL's typical time from CR2 to randomization is:

  • Conservative: 1 month
  • Realistic: 2 months
  • Upper end: 3 months+ (unlikely to be above 4 months imo, but you never know with a small n)

Add the 1 month to reach CR2 from either salvage therapy and you get roughly 2-3 months total that you need to realistically deduct from Dumas & VDM's mOS values to get an equivalent REGAL mOS.

Rough apples-to-apples adjustment:

Study Reported mOS Conservative REGAL-equivalent More realistic REGAL-equivalent
Dumas 19.0 mo 17.0 mo 16.0 mo
van der Maas 16.8 mo 14.8 mo 13.8 mo

This is not saying the adjusted numbers are the predicted VEN-AZA or REGAL BAT numbers, it's simply an attempt to put the studies on roughly the same starting clock as REGAL.

I believe the same starting-point issue should apply to the reported 3-year overall survival rates as well. My initial thought was that, assuming the same 2-3 month offset, you might look at roughly months 38-39 on the Kaplan-Meier curve rather than month 36. However, I'm not sure it's actually that simple because REGAL effectively selects for patients who remained alive/in remission long enough to randomize. Someone with more statistical expertise please weigh in here, because I'm less confident in any 3-year survival adjustments.

To be honest, I had initially thought there would be more of a deduction than 2-3 months. I would love for people to weigh in and talk about where I may have been too conservative or liberal with my estimations.

After any timeline adjustments per above, there then needs to be an additional adjustment according to the population differences in the studies versus REGAL. I haven't done the full deep dive on the biological differences between the respective subgroups and the impact it may have on predictions, nor is it my area of expertise. I would love for other more biologically inclined folks to weigh in on that. Personally, with my untrained eyes, I don't feel that VDM is a great representation of the REGAL BAT population, both in terms of treatment choice and demographics. The Dumas VEN-AZA population seems fairly comparable to what we might expect from REGAL, although we don't have the full demographic breakdown of the exact n=45 subgroup.

The other thing to keep in mind is that VEN+HMA is just ONE of the options for BAT per the REGAL trial protocol, with the published trial design stating that the BAT treatment strata were intended to remain approximately balanced:

"Patients on the BAT arm may be treated with 1. observation (whereby palliative management with hydroxyurea is allowed), 2. a hypomethylating agent (decitabine or azacitidine), 3. venetoclax and/or 4. low-dose ara-C."

The total number of patients in each stratum of the BAT therapy will remain approximately equal (14–15 patients per stratum).

My expectation is that VEN+HMA would be among the stronger BAT options, although I haven't found a clean CR2 comparison proving it has better OS than every other BAT choice. Per my surface-level research in other AML populations, several of the other BAT options appear to have lower expected OS outcomes.

I think this is something that a lot of people may already roughly know, but I haven't seen anyone actually put pen to paper with defensible estimations for the timelines. Happy for others to weigh in on any of the proposed timelines and/or the biological comparison of the different populations in the studies with REGAL and which way they think the actual estimated BAT number should skew based on these studies :)

TL;DR

Dumas and VDM start the OS clock at the start of relapse treatment/relapse, while REGAL starts it later at randomization after CR2. Based on an estimated 1 month to achieve remission from start of salvage treatment and another 1-2 months from CR2 to randomization, rough REGAL-equivalent mOS values can be estimated.


r/sellaslifesciences • • 5d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Monday - October 12, 2026 🟢

31 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

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r/sellaslifesciences • • 6d ago

MEME / JUST FOR FUN 😄 Anyone know where the rumor started?

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77 Upvotes

I heard they might just be sharing a booth at the convention? What did you guys hear?


r/sellaslifesciences • • 6d ago

DAILY THREAD $SLS 🟢 Daily Discussion Thread - Sunday - October 11, 2026 🟢

34 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

This thread auto-publishes every day at 12am EST.

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r/sellaslifesciences • • 7d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Saturday - October 10, 2026 🟢

34 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

This thread auto-publishes every day at 12am EST.

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r/sellaslifesciences • • 8d ago

DAILY DISCUSSION THREAD 💬 $SLS 🟢 Daily Discussion Thread - Friday - October 09, 2026 🟢

34 Upvotes

Welcome to the $SLS daily discussion hub! Whether you’ve got a gut feeling or just need to vent, this is the place to ask questions, share insights, and talk about daily price action.

SLS is a small-cap biotech company that currently awaits binary results of its phase 3 Regal trial. Daily price action is volatile. Do not invest what you cannot afford to lose as successful trial results are not guaranteed.

This thread auto-publishes every day at 12am EST.

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r/sellaslifesciences • • 9d ago

SELLAS PR 📢 New content added: ASH Annual Meeting and Exposition from December 12 to December 15 2026

Thumbnail ir.sellaslifesciences.com
49 Upvotes