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UNI500 is a **small-molecule phosphodiesterase type 4 inhibitor series** acquired by UNION Therapeutics from LEO Pharma and renamed from the original LEO PDE4 program. The lead candidate in the series is **orismilast**, which has been developed in **oral** and **topical** formulations for inflammatory dermatologic diseases. Based on the provided context, the program advanced to **Phase 2** in **psoriasis** for oral orismilast and in **atopic dermatitis** for topical orismilast, with randomized placebo-controlled studies reported to show superiority over placebo.
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