Artiva Biotherapeutics, Inc.(ARTV)

Search documents
Artiva Biotherapeutics Appoints Subhashis Banerjee, M.D., as Chief Medical Officer
Globenewswire· 2025-04-08 20:05
Core Insights - Artiva Biotherapeutics has appointed Dr. Subhashis Banerjee as Chief Medical Officer, enhancing its development team focused on autoimmune diseases and cell therapy [1][2] - Dr. Banerjee has over 20 years of clinical development experience, previously holding significant roles at Bristol Myers Squibb and VYNE Therapeutics [1][2] - The company aims to advance its AlloNK® program for treating B-cell driven autoimmune diseases, leveraging Dr. Banerjee's expertise in regulatory approval of major therapies [2][5] Company Overview - Artiva Biotherapeutics is a clinical-stage biotechnology company dedicated to developing safe and effective cell therapies for autoimmune diseases and cancers [5][6] - The lead program, AlloNK®, is a non-genetically modified NK cell therapy designed to enhance the efficacy of monoclonal antibodies for B-cell depletion [5] - Artiva was founded in 2019 as a spin-out from GC Cell, holding exclusive rights to NK cell manufacturing technology outside of Asia, Australia, and New Zealand [5] Recent Appointments - Dr. David Moriarty has been appointed as SVP of Clinical Operations, bringing nearly 25 years of experience in clinical research related to cell therapy and autoimmune diseases [3][4] - Benjamin Dewees has joined as SVP of Regulatory Affairs, with over 25 years of experience in regulatory affairs across various therapeutic areas [9] - Feng Xu has been appointed as SVP of Biometrics, contributing over 20 years of clinical development experience, including successful global regulatory filings [9]
Artiva Biotherapeutics to Participate in the 24th Annual Needham Virtual Healthcare Conference
Globenewswire· 2025-03-31 20:05
Core Viewpoint - Artiva Biotherapeutics, Inc. is set to present at the 24th Annual Needham Virtual Healthcare Conference on April 7, 2025, highlighting its focus on developing cell therapies for autoimmune diseases and cancers [1][2]. Company Overview - Artiva Biotherapeutics is a clinical-stage biotechnology company founded in 2019, specializing in cell therapies for autoimmune diseases and cancers [3]. - The company's lead program, AlloNK, is an allogeneic, off-the-shelf, non-genetically modified, cryopreserved NK cell therapy candidate aimed at enhancing the efficacy of monoclonal antibodies for B-cell depletion [3]. - AlloNK is currently undergoing clinical trials for systemic lupus erythematosus and is involved in an investigator-initiated basket trial for multiple autoimmune indications [3]. - Artiva's pipeline also includes CAR-NK candidates targeting both solid and hematologic cancers [3]. - The company has exclusive worldwide rights (excluding Asia, Australia, and New Zealand) to GC Cell's NK cell manufacturing technology and programs, following a strategic partnership [3]. Event Participation - Members of the Artiva management team will engage in investor meetings during the conference, and a live webcast of the presentation will be available for the public [2]. - A replay of the webcast will be accessible for 90 days post-event [2]. Contact Information - For investor inquiries, Neha Krishnamohan can be contacted at ir@artivabio.com, and for media inquiries, Jessica Yingling, Ph.D., can be reached at jessica@litldog.com or +1.858.344.8091 [6].
Artiva Biotherapeutics, Inc.(ARTV) - 2024 Q4 - Annual Report
2025-03-24 20:09
[Part I](index=7&type=section&id=PART%20I) [Business](index=7&type=section&id=Item%201.%20Business) Artiva Biotherapeutics develops allogeneic, off-the-shelf NK cell therapies for autoimmune diseases and cancers, leveraging a manufacturing-first approach - The company's lead product candidate, AlloNK, is a non-genetically modified, cryopreserved NK cell therapy being evaluated in combination with B-cell targeted monoclonal antibodies (mAbs) for autoimmune diseases and cancers[18](index=18&type=chunk) - Artiva believes its approach offers advantages over autologous CAR-T therapies in scalability, safety, and cost, with an estimated cost of goods sold (COGS) for an AlloNK treatment regimen being approximately an order of magnitude below that of auto-CAR-T[22](index=22&type=chunk)[32](index=32&type=chunk) - The company has a strategic partnership with GC Cell, granting it exclusive ex-APAC rights to GC Cell's NK cell manufacturing technology and programs. Artiva has also established its own 9,000 square foot cGMP manufacturing facility in San Diego[33](index=33&type=chunk)[32](index=32&type=chunk) [Our Pipeline](index=9&type=section&id=Our%20Pipeline) Artiva's pipeline features AlloNK (AB-101) in clinical trials for autoimmune diseases and B-NHL, plus preclinical CAR-NK programs Artiva Biotherapeutics Pipeline | Product Candidate | Target | Indication | Preclinical | Phase 1 | Phase 2 | Rights | |---|---|---|---|---|---|---| | **AlloNK (AB-101) + mAb** | | | | | | | | AlloNK + anti-CD20 | B-cell | SLE with/without LN | | ► | | Artiva (ex-APAC) | | AlloNK + anti-CD20 | B-cell | Autoimmune Basket (IIT) (1) | | ► | | Artiva (ex-APAC) | | AlloNK + anti-CD20 | B-cell | B-NHL | | ► | | Artiva (ex-APAC) | | **Collaborator-Funded Trials** | | | | | | | | AlloNK + Acimtamig | CD30 | Hodgkin Lymphoma | | | ► | Affimed/Artiva | | **CAR-NK Programs** | | | | | | | | AB-201 | HER2+ | Solid Tumors | ► | | | Artiva (ex-APAC) | | AB-205 | CD5+ | T-Cell Malignancies | ► | | | Artiva (ex-APAC) | [AlloNK Development](index=20&type=section&id=AlloNK%20Development) AlloNK development targets autoimmune diseases and cancer, showing promising B-NHL efficacy and a favorable safety profile - In a Phase 1/2 trial for relapsed/refractory B-NHL, AlloNK in combination with rituximab demonstrated a **71% ORR** and a **57% CR rate** in 14 CAR-T naïve patients as of April 30, 2024[38](index=38&type=chunk)[73](index=73&type=chunk) - All 29 B-NHL patients with samples analyzed achieved non-quantifiable peripheral B-cell levels by Day 8 or 15, supporting the B-cell depleting mechanism of action proposed for autoimmune diseases[71](index=71&type=chunk)[38](index=38&type=chunk) - A Phase 1/1b trial is enrolling patients with SLE with or without LN. Additionally, an investigator-initiated basket trial is assessing AlloNK in RA, PV, GPA/MPA, and SLE, with the first patient dosed in August 2024[26](index=26&type=chunk)[28](index=28&type=chunk)[83](index=83&type=chunk) - The therapy has shown a favorable safety profile, with only **9% of 45 B-NHL patients** experiencing CRS (no Grade 3 or higher) and no ICANS observed as of April 8, 2024. **69% of patients** were not hospitalized within 30 days of dosing[123](index=123&type=chunk)[79](index=79&type=chunk) [Manufacturing and Collaborations](index=33&type=section&id=Manufacturing%20and%20Collaborations) Artiva's manufacturing-first strategy leverages GC Cell's technology for scalable NK cell production and includes key collaborations - Artiva's manufacturing process can generate over **4,000 one-billion-cell vials** from a single cord blood unit, sufficient to treat over **250 to 1,000 autoimmune patients**[147](index=147&type=chunk) - The company has a Core Agreement with GC Cell for an exclusive, ex-APAC license to its NK cell technology. Artiva has licensed specific products like AlloNK (AB-101), AB-201, and AB-205, with obligations for milestone and royalty payments[171](index=171&type=chunk)[173](index=173&type=chunk) - Artiva has a collaboration with Affimed to jointly develop AlloNK with acimtamig. If accelerated approval is obtained, revenues will be shared **67% to Affimed** and **33% to Artiva**, with shared costs for confirmatory studies[129](index=129&type=chunk)[197](index=197&type=chunk) [Government Regulation](index=44&type=section&id=Government%20Regulation) Artiva's biologics face extensive FDA and international regulation, requiring rigorous testing and compliance with evolving healthcare laws - Artiva's products are regulated as biologics and considered 'more than minimally manipulated,' requiring submission and approval of a BLA to the FDA before marketing[201](index=201&type=chunk) - The company has received Fast Track designation for AlloNK in both LN and B-NHL, which may expedite the review process but does not guarantee approval[27](index=27&type=chunk)[434](index=434&type=chunk) - The company is subject to complex U.S. and international regulations, including the EU's Clinical Trials Regulation (CTR) and rules for Advanced Therapy Medicinal Products (ATMPs), as well as healthcare laws like the Anti-Kickback Statute and data privacy laws like GDPR[236](index=236&type=chunk)[265](index=265&type=chunk)[278](index=278&type=chunk) [Risk Factors](index=64&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from limited operating history, funding needs, unproven therapy, complex manufacturing, and regulatory hurdles - The company has a limited operating history, has incurred significant losses (**$65.4M in 2024**, **$28.7M in 2023**), and will require substantial additional funding to complete development and commercialization[305](index=305&type=chunk)[307](index=307&type=chunk)[311](index=311&type=chunk) - The company's NK cell-based therapy approach is unproven, especially for autoimmune diseases, and it is substantially dependent on the success of its lead product candidate, AlloNK[316](index=316&type=chunk)[326](index=326&type=chunk) - Manufacturing cell therapies is complex and novel. The company relies on its partner GC Cell for manufacturing certain candidates and faces risks related to supply chain, quality control, and scaling its own new facility[384](index=384&type=chunk)[388](index=388&type=chunk) - The company depends on intellectual property licensed from GC Cell and faces risks of patent challenges, infringement claims, and competition from other biotechnology companies with greater resources[481](index=481&type=chunk)[400](index=400&type=chunk) - The regulatory pathway for cell therapies is lengthy, complex, and uncertain. The company is also subject to stringent healthcare laws, including fraud and abuse, data privacy (HIPAA, GDPR), and pricing regulations, which could result in substantial penalties if violated[413](index=413&type=chunk)[447](index=447&type=chunk) [Unresolved Staff Comments](index=132&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - None[590](index=590&type=chunk) [Cybersecurity](index=132&type=section&id=Item%201C.%20Cybersecurity) Artiva's cybersecurity program, overseen by the audit committee, manages risks through policies, training, and incident response - The audit committee of the board of directors is responsible for overseeing the company's cybersecurity risk[597](index=597&type=chunk) - The company's cybersecurity risk management program is guided by the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) and includes policies, monitoring tools, employee training, and an incident response plan[591](index=591&type=chunk)[598](index=598&type=chunk) - Management, including the head of information technology and the legal function, implements the cybersecurity program and reports periodically to the audit committee on significant threats and risks[598](index=598&type=chunk)[600](index=600&type=chunk) [Properties](index=134&type=section&id=Item%202.%20Properties) The company leases its principal office, labs, and cGMP manufacturing facility in San Diego, totaling over 51,000 square feet - The company leases **51,621 square feet** in San Diego, CA, which houses its principal office, research and development labs, and a cGMP manufacturing center. This lease expires in 2029[602](index=602&type=chunk) [Legal Proceedings](index=134&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to materially affect its business - The company is not currently a party to any litigation or legal proceedings that management believes are likely to have a material adverse effect on the business[603](index=603&type=chunk) [Mine Safety Disclosures](index=134&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[604](index=604&type=chunk) [Part II](index=135&type=section&id=PART%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=135&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Artiva's common stock began trading on Nasdaq in July 2024, raising **$162.3 million** from its IPO, with no dividends paid - The company's common stock has been listed on the Nasdaq Global Market under the symbol "ARTV" since July 19, 2024[607](index=607&type=chunk) - The company completed its IPO on July 22, 2024, and with the partial exercise of the underwriters' option, received net proceeds of approximately **$162.3 million**[614](index=614&type=chunk)[615](index=615&type=chunk) - The company has never paid cash dividends and intends to retain future earnings to fund business development[609](index=609&type=chunk) [Reserved](index=136&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=137&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Artiva reported a net loss of **$65.4 million** in 2024 due to reduced revenue, with **$185.4 million** cash expected to fund operations through 2026 Results of Operations Comparison (in thousands) | | YEAR ENDED DECEMBER 31, | | CHANGE | |---|---|---|---| | | **2024** | **2023** | **$** | | **Total revenue** | $ 251 | $ 33,492 | $ (33,241) | | **Research and development** | 50,328 | 50,251 | 77 | | **General and administrative** | 17,205 | 13,912 | 3,293 | | **Loss from operations** | (67,282) | (30,671) | (36,611) | | **Net loss** | **$ (65,373)** | **$ (28,720)** | **$ (36,653)** | - The decrease in total revenue is due to the termination of the Merck Collaboration Agreement in October 2023, which resulted in the recognition of the remaining deferred revenue in 2023[653](index=653&type=chunk)[671](index=671&type=chunk) - R&D expenses remained flat, with a **$5.9 million** increase in AB-101 clinical trial costs offset by a **$3.5 million** decrease in spending on other programs as the company narrowed its focus[674](index=674&type=chunk) - As of December 31, 2024, the company had cash, cash equivalents, and investments of **$185.4 million** and believes these funds are sufficient to support operations at least through the end of 2026[678](index=678&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=154&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Artiva is not required to provide this market risk information - The company is a smaller reporting company and is not required to provide the information otherwise required under this item[719](index=719&type=chunk) [Financial Statements and Supplementary Data](index=154&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) The company's financial statements are incorporated by reference from Item 15 of this Annual Report - The financial statements required for this item are incorporated by reference from Item 15(a)(1) and (2) of the Annual Report on Form 10-K[720](index=720&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=155&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes or disagreements with its accountants on financial disclosure - None[722](index=722&type=chunk) [Controls and Procedures](index=155&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of December 31, 2024, with no material changes to internal controls - Management concluded that as of December 31, 2024, the company's disclosure controls and procedures were effective at a reasonable assurance level[723](index=723&type=chunk) - No material changes were made to the internal control over financial reporting during the quarter ended December 31, 2024[724](index=724&type=chunk) [Other Information](index=155&type=section&id=Item%209B.%20Other%20Information) No director or officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangement in Q4 2024 - No director or officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during the fourth quarter of 2024[726](index=726&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=155&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[727](index=727&type=chunk) [Part III](index=156&type=section&id=PART%20III) [Directors, Executive Officers and Corporate Governance](index=156&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance will be incorporated by reference from the 2025 proxy statement - The required information will be incorporated by reference from the company's definitive proxy statement for its 2025 annual meeting of shareholders[731](index=731&type=chunk) [Executive Compensation](index=156&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information will be incorporated by reference from the 2025 proxy statement - The required information will be incorporated by reference from the company's definitive proxy statement for its 2025 annual meeting of shareholders[732](index=732&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=156&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information will be incorporated by reference from the 2025 proxy statement - The required information will be incorporated by reference from the company's definitive proxy statement for its 2025 annual meeting of shareholders[733](index=733&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=156&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Related party transactions and director independence information will be incorporated by reference from the 2025 proxy statement - The required information will be incorporated by reference from the company's definitive proxy statement for its 2025 annual meeting of shareholders[734](index=734&type=chunk) [Principal Accounting Fees and Services](index=156&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Principal accounting fees and services information will be incorporated by reference from the 2025 proxy statement - The required information will be incorporated by reference from the company's definitive proxy statement for its 2025 annual meeting of shareholders[735](index=735&type=chunk) [Part IV](index=157&type=section&id=PART%20IV) [Exhibits, Financial Statement Schedules](index=157&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section details financial statements, schedules, and a comprehensive list of exhibits filed with the Annual Report on Form 10-K - The financial statements of Artiva Biotherapeutics, Inc., along with the report from KPMG LLP, are included in the report[738](index=738&type=chunk) - A list of exhibits filed with the report is provided, including the Amended and Restated Certificate of Incorporation, Bylaws, forms of equity plans, material collaboration agreements, and executive employment agreements[740](index=740&type=chunk)[743](index=743&type=chunk) [Form 10-K Summary](index=160&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports that there is no Form 10-K summary - None[746](index=746&type=chunk) [Financial Statements](index=164&type=section&id=Financial%20Statements) [Balance Sheets](index=164&type=section&id=Balance%20Sheets) Total assets increased to **$209.6 million** in 2024, driven by IPO proceeds, shifting equity from deficit to positive **$186.6 million** Balance Sheet Summary (in thousands) | | Dec 31, 2024 | Dec 31, 2023 | |---|---|---| | **Total Current Assets** | $188,631 | $79,821 | | Cash and cash equivalents | $40,235 | $53,504 | | Short-term investments | $145,193 | $23,467 | | **Total Assets** | **$209,581** | **$105,114** | | **Total Liabilities** | $22,940 | $50,716 | | Convertible preferred stock | $0 | $216,413 | | **Total Stockholders' Equity (Deficit)** | $186,641 | $(162,015) | | **Total Liabilities & Equity** | **$209,581** | **$105,114** | [Statements of Operations and Comprehensive Loss](index=165&type=section&id=Statements%20of%20Operations%20and%20Comprehensive%20Loss) Net loss increased to **$65.4 million** in 2024 due to reduced revenue from collaboration termination, despite stable operating expenses Statement of Operations Summary (in thousands) | | Year Ended Dec 31, 2024 | Year Ended Dec 31, 2023 | |---|---|---| | **Total Revenue** | $251 | $33,492 | | **Total Operating Expenses** | $67,533 | $64,163 | | *Research and development* | $50,328 | $50,251 | | *General and administrative* | $17,205 | $13,912 | | **Loss from Operations** | $(67,282) | $(30,671) | | **Net Loss** | **$(65,373)** | **$(28,720)** | | **Net Loss Per Share** | $(5.81) | $(35.78) | [Statements of Cash Flows](index=167&type=section&id=Statements%20of%20Cash%20Flows) Net cash used in operations was **$55.0 million**, offset by **$162.2 million** from IPO financing, resulting in a **$13.3 million** cash decrease Cash Flow Summary (in thousands) | | Year Ended Dec 31, 2024 | Year Ended Dec 31, 2023 | |---|---|---| | **Net cash used in operating activities** | $(55,032) | $(47,430) | | **Net cash used in investing activities** | $(120,463) | $(25,975) | | **Net cash provided by financing activities** | $162,226 | $24,391 | | **Net decrease in cash** | $(13,269) | $(49,014) | | **Cash at end of period** | $40,493 | $53,762 |
Artiva Biotherapeutics, Inc.(ARTV) - 2024 Q4 - Annual Results
2025-03-24 20:07
Exhibit 99.1 Corporate and Financial Updates Artiva Biotherapeutics Reports Full Year 2024 Financial Results and Recent Business Highlights Initial data for AlloNK® from autoimmune program expected H1 2025 Updated clinical data from Phase 1/2 trial exploring AlloNK + rituximab in NHL showing continued durability of response to be presented at a medical conference in 2025 Strengthened key leadership with cell therapy and autoimmune expertise across organization Robust balance sheet with cash, cash equivalent ...
Artiva Biotherapeutics Reports Full Year 2024 Financial Results and Recent Business Highlights
Globenewswire· 2025-03-24 20:05
Initial data for AlloNK® from autoimmune program expected H1 2025 Updated clinical data from Phase 1/2 trial exploring AlloNK + rituximab in NHL showing continued durability of response to be presented at a medical conference in 2025 Strengthened key leadership with cell therapy and autoimmune expertise across organization Robust balance sheet with cash, cash equivalents and investments of $185.4 million as of December 31, 2024, is expected to fund operations at least through end of 2026 SAN DIEGO, March 24 ...
Artiva Biotherapeutics to Participate in the TD Cowen 45th Annual Health Care Conference
Globenewswire· 2025-02-20 21:05
SAN DIEGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Artiva Biotherapeutics, Inc. (Nasdaq: ARTV), a clinical-stage biotechnology company whose mission is to develop effective, safe, and accessible cell therapies for patients with devastating autoimmune diseases and cancers, today announced that management will present at the TD Cowen 45th Annual Health Care Conference on Wednesday, March 5, 2025, at 2:30 p.m. EST, in Boston, MA. Members of the Artiva management team will also be available to participate in in-perso ...
Artiva Biotherapeutics Expands Board of Directors with Appointment of Dan Baker, M.D.
Globenewswire· 2025-01-29 21:05
SAN DIEGO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Artiva Biotherapeutics, Inc. (Nasdaq: ARTV), a clinical-stage biotechnology company whose mission is to develop effective, safe, and accessible cell therapies for patients with devastating autoimmune diseases and cancers, today announced the appointment of Dan Baker, M.D., as an independent member of its Board of Directors. Dr. Baker brings over two decades of drug development experience in the pharmaceutical industry. He is currently the interim Chief Developmen ...
Artiva Biotherapeutics, Inc.(ARTV) - 2024 Q3 - Quarterly Report
2024-11-12 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: 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: 001-42179 Artiva Biotherapeutics, Inc. (Exact name of registrant as ...
Artiva Biotherapeutics, Inc.(ARTV) - 2024 Q3 - Quarterly Results
2024-11-12 21:07
Financial Performance - Collaboration revenue was $0 for Q3 2024, a decrease from $26.7 million in Q3 2023, due to the termination of the Merck collaboration[5] - Research and development expenses for Q3 2024 were $13.5 million, slightly up from $13.1 million in Q3 2023[6] - General and administrative expenses increased to $4.8 million in Q3 2024 from $2.8 million in Q3 2023[6] - Net loss for Q3 2024 was $17.5 million, compared to a net income of $11.3 million in Q3 2023[6] Cash and Assets - Artiva Biotherapeutics reported cash, cash equivalents, and investments of $199.6 million as of September 30, 2024, expected to fund operations at least through the end of 2026[5] - Total assets increased to $225.6 million as of September 30, 2024, from $105.1 million at the end of 2023[10] Corporate Developments - Artiva appointed Dr. Alison Moore to its Board of Directors in October 2024, bringing over 25 years of experience in biotechnology and cell therapy manufacturing[3] - Artiva completed a $179.0 million initial public offering in July 2024, selling 14,920,000 shares at $12.00 per share[3] Clinical Trials and Research - Initial data for AlloNK® in autoimmune indications is expected in the first half of 2025[1] - AlloNK® is currently in clinical trials for systemic lupus erythematosus and other autoimmune diseases[7]
Artiva Biotherapeutics Reports Third Quarter 2024 Financial Results and Recent Business Highlights
GlobeNewswire News Room· 2024-11-12 21:05
Expanded Board of Directors with appointment of Dr. Alison Moore bringing cell therapy and manufacturing expertise to advance AlloNK® in autoimmune diseases Initial data for AlloNK® in autoimmune indications expected H1 2025 Robust balance sheet with cash, cash equivalents and investments of $199.6 million as of September 30, 2024, is expected to fund operations at least through end of 2026 SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Artiva Biotherapeutics, Inc. (Nasdaq: ARTV) (Artiva), a clinical-stage bi ...