
Hepanova is a clinical-stage company developing first-in-class therapeutics for chronic liver disease and inflammation.
Addressing Unmet Needs in Liver Disease
The Unmet Needs
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Chronic liver diseases such as MASH and inflammatory liver conditions affect millions worldwide, with limited effective therapies for patients with advanced fibrosis and inflammation.
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Current treatment options fail to adequately address disease progression and long-term outcomes.

Our Science Approach
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Multi-Pathway Targeting
Simultaneously addressing steatosis, inflammation, and fibrosis.
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Dual Impact
Treats both MASH and its progression to HCC.
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Oral, Long-Acting Modality
Convenient weekly dosing with strong safety and PK profile.
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Combination-Ready
Designed for potential combination with GLP-1 agonists and other standards of care.
Introducing Our Lead Program
HPN-01
HPN-01 is Hepanova’s lead clinical candidate and the only first-in-class, oral, highly selective
IKKα/β inhibitor designed for chronic liver disease and inflammation.

Advanced Fibrosis – Focused
MASH Program
Targeting high-risk patients with limited treatment options
HPN-01 is designed for MASH patients with advanced fibrosis (F2–F4), addressing steatosis, inflammation, and fibrosis through a differentiated, upstream mechanism.
Clinically Validated Phase 1
Completed
Demonstrated safety and pharmacokinetics in humans
HPN-01 has completed a U.S. Phase 1 clinical trial, showing excellent safety and PK to support long-term, chronic use.
Strong potential in IBD and
Inflammatory indications
Broad anti-inflammatory potential beyond liver disease
HPN-01 has shown strong preclinical activity in IBD models, supporting development in both acute and chronic inflammatory conditions.

Efficient Multi-Indication
Development Strategy
Leveraging cross-usable clinical and translational data
Future expansion is planned using shared Phase 1 data to enable rapid, capital-efficient advancement into additional indications.
HPN-01: Strategic Value in MASH
Central IKK/NF-κB Control of Disease Programs
Resetting core disease programs in advanced MASH

HPN-01: Strategic Value in IBD
Central IKK/NF-κB Control of Inflammatory Networks
Validating central inflammatory–stress modulation beyond liver disease

IBD represents a well-validated inflammatory disease context to demonstrate the system-level impact of central IKK/NF-κB modulation.

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NF-κB signaling is a central driver of both acute inflammation and chronic immune dysregulation in IBD.
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Dual IKKα/β modulation enables control of both inflammatory cascades and chronic lymphoid drivers.
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This mirrors the same upstream control logic applied in MASH.

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Once-weekly oral dosing, designed to improve adherence versus injectables and daily JAK inhibitors.
Gut-targeted enteric formulation, enabling preferential drug exposure at the site of intestinal inflammation.
Controlled NF-κB modulation, reducing peak-related toxicity while maintaining efficacy.

Enables rapid Phase 2 entry leveraging existing Phase 1 safety and PK data.
Positions HPN-01 as a step-up or add-on therapy in UC/CD, including steroid-sparing potential.
Expands partnering and commercial optionality in a multi-billion-dollar IBD market.


Why choose Hepanova
Technology Platform
Hepanova’s technology platform, rooted in decades of NIH- and Harvard-derived research, enables the efficient creation of first-in-class therapies for chronic liver and inflammatory diseases by integrating proprietary discovery, translational science, and clinical execution.

Flagship First-in-Class Pipeline (HPN-01 Series)
The HPN-01 series represents a novel class of oral, long-acting small molecules targeting upstream inflammatory and fibrotic drivers. With broad anti-inflammatory and anti-fibrotic activity, the program is positioned across MASH, liver fibrosis, IBD, and related indications, serving as clinical validation of the platform.
First-in-Class Drug Design Platform
Hepanova’s medicinal chemistry engine is designed to tackle historically challenging targets and generate differentiated chemical matter. The platform combines proprietary compound libraries, large-scale screening, and PK/PD-driven optimization to create long-acting, tissue-selective oral molecules suitable for chronic use.

Platform Beyond a Single Asset
Hepanova’s repeatable platform continuously generates new discovery and preclinical programs, enabling pipeline expansion, combination strategies, and strategic partnerships beyond any single product.
Clinical-Ready Development Engine
A streamlined development framework supports rapid progression from IND-enabling studies through early clinical proof of concept. Expertise in Phase 1 safety, pharmacokinetics, and multi-indication development enables efficient scaling across programs sharing common biology.

Disease Biology & Target Discovery
Differentiation is driven by deep mechanistic insight into upstream disease drivers shared across liver and inflammatory disorders. The platform leverages human genetics, pathology, and advanced disease models to interrogate inflammatory signaling, fibrogenesis, immune–stromal crosstalk, and the gut–liver axis.
Translational Science & Human Relevance
Human relevance is built in from the start through biomarker strategies aligned with clinical endpoints, integration of human tissues and ex vivo models, and mechanism-linked pharmacodynamic readouts that enable early de-risking.
Pipeline
A focused pipeline led by a first-in-class program with expansion potential across liver and inflammatory diseases.
Discovery
Preclinical
IND Enabling
Phase 1
Phase 2
HPN-01
(Pioneering, oral dual IKK⍺/IKKβ inhibitor)
MASH with fibrosis (F2–F4)
HCC (Hepatocellular Carcinoma)
Inflammatory Bowel Disease (UC/CD)
MetALD (Alcoholic Steatohepatitis)
Autoimmune Cholestatic Liver Disease (PSC, PBC)
HPN-102
(GalNAc siRNA)
MASH with fibrosis (F2–F3)
HPN-205
(integrin antagonist)
Fibrosis

World-Class Scientific
Advisory Board
Randy W. Schekman
PhD

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2013 Nobel Prize in Physiology or Medicine
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Howard Hughes Medical Institute (HHMI) Investigator
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Professor of molecular and cell biology at UC Berkeley
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Member, National Academy of Sciences
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Member, National Academy of Medicine
Ning Li
MD, PhD

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Chairman of Board, TopAlliance Biosciences
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Former CEO, Junshi Biosciences
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Former Vice President and Head of Region Asia Regulatory Affairs and Medical Policy at Sanofi
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Former Branch Chief at FDA
Ke Li
PhD

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Distinguished Professor in Medicinal Chemistry
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Invented and commercialized First-in-Class anti-HBV drug YouHeDingⓇ, approved by China FDA in 2006
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Over 30 years of leading role in anti-tumor, antiviral and liver disease new drug R&D
Founder & Management Team

Frank Q. Li, MD, PhD
Founder, President & CEO
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Serial scientific entrepreneur with successful exits
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12 yrs translational hepatology research at the NIH
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Physician specialized in GI and liver diseases
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Guest Professorship at multiple universities
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40+ high-impact peer-reviewed publications
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15+ patents


T. Jake Liang, MD
Co-Founder
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NIH Distinguished Investigator
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Chief, Liver Diseases Branch, NIDDK
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Deputy Director of Translational Research, NIDDK
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Past President, AASLD


Mazen Noureddin, MD, MHSc
Chief Medical Officer
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Advisory Board for GSK, Merck, Novo Nordisk, BI, Takeda, 89BIO, Madrigal, Terns
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Co-Chairman & CSO, Summit Clinical Research
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Professor of Medicine, Houston Methodist Hospital
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Director, Houston Liver Institute


Belle X. Wang, PhD
Chief Operating Officer
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Over 20 years of experience in oncology and liver disease across both academic and industry settings


Ella Li, PhD
Chief Business Officer
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Founding Partner of H7 BioCapital
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Seasoned scientific entrepreneur and investor


Sophie Lin, PhD
SVP, Business Development
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Experienced business development leader with a Ph.D. in Molecular and Cellular Biology, combining deep scientific expertise with a proven track record in building strategic partnerships


Tiffany Li, MS Pharm
Head, Clinical Operations (Asia)
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Over 15 years of executive experience in clinical operations across multiple MNCs and biopharma


Elisavet Serti Chrisos, PhD
Head, Clinical Research (US)
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Over 10 years of leading design and implementation of clinical trials of hepatology and immune-modulatory drugs


Advancing the Next Generation of Liver Therapies

TEL: +1 (240) 702-0066
U.S. HQ Office
401 Professional Dr,
Suite 150, Gaithersburg,
MD 20879
Shanghai Office
Suite 101, Building 1,
No. 1227 Zhangheng Road, Pudong New Area,
Shanghai, China
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