Opexa Therapeutics is developing Precision Immunotherapy using their T-cell platform to treat autoimmune diseases like multiple sclerosis. Their lead product Tcelna is in Phase 2 clinical trials for secondary progressive multiple sclerosis, a later stage form of MS with limited treatment options. Tcelna works by specifically targeting and reducing myelin reactive T-cells that cause damage to the protective myelin sheath surrounding nerves. If successful, Tcelna has the potential to be the first treatment approved for secondary progressive MS and generate over $7 billion in annual sales. Opexa has an option agreement with Merck for the development of Tcelna in MS.