U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% on Friday.Shares of Smith & Wesson Brands Inc SWBI fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.Smith & Wesson Brands reported fourth-quarter revenue of $140.8 million, missing analyst estimates of $152.41 million, according to Benzinga Pro. The company reported adjusted earnings of 20 cents per share in the fourth quarter, missing estimates of 23 cents per s ...

Aptevo Therapeutics Inc APVO stock is surging on Wednesday.As per data from Benzinga Pro, the stock is trading higher with a strong volume of 81.8 million compared to the average volume of 275.3k.What Happened: Aptevo revealed new clinical data from its ongoing Phase 1b/2 RAINIER trial evaluating mipletamig, its first-in-class CD123 x CD3 bispecific antibody, in combination with standard-of-care venetoclax and azacitidine (ven/aza) for newly diagnosed patients with acute myeloid leukemia (AML) who are unfit ...

For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37746 APTEVO THERAPEUTICS INC. (Exact Name of Registrant as Specified in its Charter) Delaware 81-1567056 (State or other jurisdi ...

Exhibit 1.1 AT THE MARKET OFFERING AGREEMENT April 28, 2025 Roth Capital Partners, LLC 888 San Clemente Drive, Suite 400 Newport Beach, CA 92660 Ladies and Gentlemen: Aptevo Therapeutics Inc., a corporation organized under the laws of Delaware (the "Company"), confirms its agreement (this "Agreement") with Roth Capital Partners, LLC (the "Manager") as follows: "Action" shall have the meaning ascribed to such term in Section 3(p). "Affiliate" shall have the meaning ascribed to such term in Section 3(o). "App ...

Clinical Development and Trials - Clinical candidate mipletamig shows a 100% complete remission (CR) rate in the first cohort of the RAINIER trial for frontline acute myelogenous leukemia (AML) patients [19]. - In the Phase 1b dose expansion trial, mipletamig demonstrated an 82% composite clinical remission rate and a 73% complete remission rate in venetoclax naïve patients [33]. - The current product candidate pipeline includes mipletamig in Phase 1b/2, ALG.APV-527 in Phase 1, and APVO711 in preclinical studies [25]. - Mipletamig is designed to engage CD3 and CD123, redirecting T cells to destroy leukemia cells, with a focus on reducing the likelihood of cytokine release syndrome (CRS) [27][38]. - In the RAINIER frontline AML Phase 1b trial, 100% of patients achieved remission within 30 days, including one patient with complete remission and MRD-negative status [42]. - ALG.APV-527 demonstrated positive safety and tolerability across all cohorts, with no serious liver toxicity observed, and a maximum tolerated dose has not been identified [49]. - The ALG.APV-527 Phase 1 dose escalation trial is currently assessing safety, tolerability, pharmacokinetics, pharmacodynamics, and preliminary anti-tumor activity [47]. - The company completed its Phase 1b dose expansion clinical trial with mipletamig in 2023 and initiated a dose optimization Phase 1b/2 study in August 2024 [191]. - Clinical trials may produce inconsistent or negative results, and success in early trials does not guarantee success in later-stage trials [192]. - Serious adverse events or undesirable side effects may arise during clinical trials, potentially leading to regulatory delays or the abandonment of product candidates [201]. Product Pipeline and Technology - The company has two clinical candidates and three preclinical candidates currently in development, utilizing its proprietary ADAPTIR and ADAPTIR-FLEX platforms [15][16]. - The ADAPTIR platform allows for the generation of bispecific and multi-specific antibody candidates, with 16 new bispecific agents approved by the FDA in the last three years [22]. - The ADAPTIR and ADAPTIR-FLEX platform technologies allow for the development of monospecific, bispecific, and multi-specific immunotherapeutic proteins targeting various tumor cells [56]. - The ADAPTIR platform technology enables the design of both monospecific and bispecific bi-valent protein therapeutics, enhancing the potential for innovative cancer treatments [62]. - APVO603, a preclinical dual agonist bispecific candidate, is designed to target both 4-1BB and OX40, potentially amplifying anti-tumor responses [49]. Competitive Landscape - The company anticipates significant competition in the oncology market from various producers, including Affimed, AstraZeneca, and Bristol Myers Squibb, among others [72]. - Mipletamig is expected to compete with other agents targeting CD123 and non-CD123 for AML treatment, with competitors including Affimed and ImmunoGen [70]. - ALG.APV-527 targets 4-1BB and is anticipated to compete with bispecifics currently in preclinical development, such as those by Crescendo Biologics [71]. Intellectual Property and Collaboration - The company has a collaboration agreement with Alligator Bioscience for the development of ALG.APV-527, with joint ownership of intellectual property generated [74]. - The collaboration agreement includes revenue sharing from commercialization partners, with terms based on development costs borne by each party [75]. - The company relies on a combination of patents, trademarks, and trade secrets to protect its intellectual property, particularly for the ADAPTIR-FLEX platform [79]. - The ADAPTIR platform technology is protected through patents and trade secrets, with pending applications in various countries, including the United States and China [88]. - The company has nationalized its core patent family for mipletamig in multiple countries, including the United States and Australia [90]. - The company co-owns a patent family for ALG.APV-527 with Alligator, which has been nationalized in various countries [91]. - The company routinely files provisional patent applications for its preclinical therapeutic candidates, including APVO603, APVO442, and APVO711 [93]. Regulatory Environment - The FDA requires two Phase 3 clinical trials for product approval, although under certain circumstances, a single trial may suffice [105]. - The Prescription Drug User Fee Act (PDUFA) establishes a six-month review goal for Priority Review applications, compared to ten months for Standard Review [114]. - The FDA may issue a Complete Response Letter (CRL) if an application does not meet approval standards, detailing specific deficiencies [117]. - The FDA may impose conditions on approval, such as requiring a Risk Evaluation and Mitigation Strategy (REMS) to ensure product safety [118]. - The FDA has a two-month timeframe to review applications for acceptability for filing [113]. - The FDA may require post-marketing studies to confirm product effectiveness and safety after approval [105]. - The FDA's review process may be extended if substantial additional information is provided by the sponsor [114]. - Biologics License Applications (BLAs) are subject to substantial user fees, which must be paid upon initial submission [111]. - The FDA may refer applications to an advisory committee for expert evaluation before approval [115]. - The FDA conducts Pre-Approval Inspections to ensure compliance with manufacturing standards before granting approval [116]. - The company is eligible for designated platform technology status under the Food and Drug Omnibus Reform Act of 2022, which may expedite the development and review of subsequent original BLAs [122]. - The FDA can designate a product as a breakthrough therapy if it shows substantial improvement over existing therapies, with a determination required within 60 days of the request [123]. - Orphan drug designation can be requested for products intended to treat rare diseases affecting fewer than 200,000 people in the U.S., providing benefits such as seven years of market exclusivity after approval [124]. - The first applicant to receive orphan drug approval is granted exclusivity, preventing FDA approval of similar applications unless certain conditions are met [125]. - Post-approval, biologics are subject to ongoing FDA regulation, including record-keeping and reporting of adverse experiences [127]. - Facilities involved in manufacturing approved products must register with the FDA and comply with cGMP, facing inspections and potential penalties for non-compliance [128]. - The FDA monitors advertising and promotional materials for compliance, with significant penalties for off-label promotion violations [129]. - The Biologics Price Competition and Innovation Act allows for an abbreviated approval pathway for biosimilars, requiring high similarity to reference products [130]. - Reference biologics receive 12 years of exclusivity from the first licensure, with no biosimilar applications allowed for four years [131]. Financial Performance and Funding - For the year ended December 31, 2024, the company reported a net loss of $24.1 million, an increase from a net loss of $17.4 million for the same period in 2023 [160]. - As of December 31, 2024, the company had an accumulated deficit of $247.6 million [160]. - The company had cash and cash equivalents amounting to $8.7 million as of December 31, 2024, indicating a need for additional funding to support ongoing clinical development and operations [162]. - The company has a history of operating losses and may not achieve profitability in the future, which raises substantial doubt about its ability to continue as a going concern [161]. - The company is focused on developing immunotherapeutic candidates and will require substantial resources for commercialization efforts [160]. - The company completed a public offering on August 4, 2023, issuing 4,959 shares and receiving net proceeds of $4.3 million [165]. - On November 9, 2023, the company entered into a warrant inducement agreement, receiving net proceeds of $3.0 million from the exercise of 8,725 existing common warrants [165]. - The company raised $4.0 million in net proceeds from a public offering of 91,891 shares on April 15, 2024 [165]. - A registered direct offering on July 1, 2024, resulted in net proceeds of $2.3 million from the sale of 144,318 shares [165]. - The company received $2.5 million in net proceeds from a registered direct offering on September 18, 2024, involving 245,699 shares [165]. - On December 12, 2024, the company entered into a warrant inducement agreement, generating net proceeds of $5.6 million from the exercise of 823,544 common warrants [165]. - Future issuances of common stock could result in gross proceeds of $16.5 million from outstanding warrants [165]. - The company is susceptible to macroeconomic conditions, including inflation and interest rate fluctuations, which could adversely affect its capital raising ability [168]. - The company faces potential product liability exposure, which could lead to substantial liabilities and negatively impact its financial condition [178]. Workforce and Diversity - As of December 31, 2024, 49% of the workforce and 46% of leadership positions were held by females, while 38% of both the workforce and leadership were racially or ethnically diverse [146]. - The company emphasizes the importance of diversity, equity, and inclusion (DEI) in its operations, believing it drives innovation and business growth [146]. - The company maintains a hybrid working environment, with essential employees working onsite and non-essential employees working remotely or in a hybrid model [149]. - The company has implemented an unlimited paid time off policy to provide employees with flexibility in scheduling time away from work [148]. - The ability to attract and retain key personnel is critical for the company's success, as competition for qualified employees is intense in the biotechnology sector [180]. Risks and Challenges - The company faces significant risks, including potential delisting from the Nasdaq Capital Market and challenges in attracting and retaining key personnel [158]. - The company may experience ownership changes in the future due to shifts in stock ownership, which could limit the use of net operating loss carryforwards and other tax attributes [188]. - The realization of deferred income tax assets, including net operating loss carryforwards, depends on generating future income during statutory carryforward periods [186]. - The company is subject to market and credit risks that could adversely impact its financial condition and results of operations, especially during periods of extreme volatility [190]. - The company relies on third-party service providers for clinical trials, and any failure in their performance could significantly harm the company's ability to obtain regulatory approval [205]. - Manufacturing of product candidates is complex and dependent on third-party suppliers, with potential risks of product shortages or delays in clinical development [213]. - Regulatory authorities may require additional clinical trials or impose restrictions based on adverse events, which could increase commercialization costs and delay revenue generation [204]. - The company may face challenges in maintaining agreements with third-party providers, which could lead to delays in product development activities [212]. - Changes in regulatory requirements during the development period could render existing data insufficient for marketing approval [200].

Exhibit 99.1 APTEVO THERAPEUTICS REPORTS 2024 FINANCIAL RESULTS AND PROVIDES A BUSINESS UPDATE 100% of Patients Achieved Remission Within 30 Days in Cohort 1 of the Mipletamig RAINIER Dose Optimization Trial for Frontline AML Patients, Trial Enrollment Continues Promising Data, including a 59% Stable Disease Rate, in ALG.APV-527 Phase 1 Trial for the Treatment of Multiple Solid Tumors Makes the Case for Continued Development of First-in-Class Anti-Cancer Agent SEATTLE, WA – February 14, 2025 – Aptevo Therap ...

For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Aptevo Therapeutics Inc. (APVO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Aptevo Therapeutics Inc. is one of 1011 companies in the Medical group. The Medical group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37746 | --- | --- | |-------------------------------------------------------------------------------------------------------- ...

Exhibit 99.1 APTEVO THERAPEUTICS REPORTS 3Q 2024 FINANCIAL RESULTS AND PROVIDES A BUSINESS UPDATE Company Achieves Milestones in Both Clinical Programs Initiates Mipletamig Phase 1b/2 Clinical Trial, "RAINIER," in Frontline Acute Myeloid Leukemia, Informed by Positive Dose Escalation Trial Results Presented Interim Data from ALG.APV-527 Phase 1 Trial in Multiple Solid Tumors at the European Society for Medical Oncology Congress Additional Favorable Data to be Presented at the Society for Immunotherapy of Ca ...

Aptevo Therapeutics Inc. (APVO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...