Clinical Development - Over 100 patients have been treated with AlloNK across autoimmune and oncology indications[1] - AlloNK received FDA Fast Track Designation for refractory rheumatoid arthritis (RA), marking it as the first therapy in the deep B-cell depletion category to achieve this[3] - Initial clinical response data for more than 15 refractory RA patients is expected in the first half of 2026[2] - The company plans to engage with the FDA in the first half of 2026 to discuss pivotal trial design for AlloNK in refractory RA[3] - Artiva's pipeline includes CAR-NK candidates targeting both solid and hematologic cancers[6] Financial Performance - Cash, cash equivalents, and investments totaled $123.0 million as of September 30, 2025, providing a cash runway into Q2 2027[9] - Research and development expenses increased to $17.6 million for Q3 2025, up from $13.5 million in Q3 2024[9] - General and administrative expenses rose to $5.3 million for Q3 2025, compared to $4.8 million in Q3 2024[9] - Net loss for Q3 2025 was $21.5 million, compared to a net loss of $17.5 million in Q3 2024[9] - Total operating expenses for Q3 2025 were $22.9 million, up from $18.3 million in Q3 2024[13]

Core Insights - Artiva Biotherapeutics has treated over 100 patients with AlloNK across autoimmune and oncology indications, marking a significant milestone for the company [2][6] - The FDA has granted Fast Track Designation to AlloNK for refractory rheumatoid arthritis (RA), establishing it as the first therapy in the deep B-cell depletion category to receive this designation [6][2] - Initial clinical response data for refractory RA is expected in the first half of 2026, with plans for FDA discussions to align on pivotal trial design [2][6] Company Updates - Artiva will host a webcast to discuss initial safety and translational data from clinical trials evaluating AlloNK in combination with anti-CD20 monoclonal antibodies [6][2] - The company announced a transition in its Chief Financial Officer position, with Neha Krishnamohan moving to an advisory role by the end of December 2025 [4] Financial Performance - As of September 30, 2025, Artiva reported cash, cash equivalents, and investments totaling $123.0 million, which is expected to fund operations into Q2 2027 [10][12] - Research and development expenses for Q3 2025 were $17.6 million, an increase from $13.5 million in Q3 2024 [10][14] - The net loss for Q3 2025 was $21.5 million, compared to a net loss of $17.5 million in Q3 2024 [10][14]

Core Viewpoint - Artiva Biotherapeutics is hosting a virtual event to discuss initial safety and translational data for its AlloNK® therapy in combination with monoclonal antibodies for autoimmune diseases, indicating a favorable tolerability profile and effective patient management in outpatient settings [1][6]. Company Overview - Artiva Biotherapeutics is a clinical-stage biotechnology company focused on developing safe and effective cell therapies for autoimmune diseases and cancers [3]. - The company's lead program, AlloNK®, is an allogeneic, off-the-shelf NK cell therapy designed to enhance the efficacy of monoclonal antibodies in driving B-cell depletion [3]. - Artiva was founded in 2019 as a spin-out from GC Cell, acquiring exclusive worldwide rights to NK cell manufacturing technology [3]. Clinical Trials and Data - Initial safety data from 32 patients treated with AlloNK + monoclonal antibody therapy shows a favorable tolerability profile and feasibility for outpatient management [1][6]. - The therapy demonstrates uniform and consistent deep B-cell depletion, supporting its intended mechanism of action [1][6]. - AlloNK is currently being evaluated in three ongoing clinical trials targeting B-cell driven autoimmune diseases, including rheumatoid arthritis and Sjögren's disease [3]. Upcoming Event - The virtual webcast will take place on November 12, 2025, at 8 a.m. ET, featuring a live Q&A session following the presentation [2][6]. - A replay of the webcast will be available on the company's website [2].

Core Insights - Artiva Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on developing cell therapies for autoimmune diseases and cancers [3] - The company will participate in two upcoming investor conferences, including a virtual summit and a global healthcare conference in London [1] - Artiva's lead program, AlloNK®, is a non-genetically modified NK cell therapy currently in clinical trials for B-cell driven autoimmune diseases [3] Company Overview - Artiva Biotherapeutics was founded in 2019 as a spin-out from GC Cell, gaining exclusive worldwide rights to NK cell manufacturing technology [3] - The company is headquartered in San Diego, California [4] - Artiva's pipeline includes CAR-NK candidates targeting both solid and hematologic cancers [3] Upcoming Events - Management will participate in TD Cowen's Immunology & Inflammation Summit on November 12, 2025 [1] - The company will also be present at the 2025 Jefferies Global Healthcare Conference in London on November 18, 2025 [1] - Live webcasts of the presentations will be available on Artiva's website, with replays accessible for 90 days [2]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Artiva Biotherapeutics, Inc. (ARTV) has increased by 124% to $6.22 [3] - Akanda Corp. (AKAN) is up 39% at $3.10 [3] - Kezar Life Sciences, Inc. (KZR) has risen 38% to $5.80 [3] - Carbon Revolution Public Limited Company (CREV) is also up 38% at $5.15 [3] - Safe & Green Holdings Corp. (SGBX) has increased by 28% to $3.96 [3] - Achieve Life Sciences, Inc. (ACHV) is up 23% at $3.80 [3] - Revolution Medicines, Inc. (RVMD) has risen 8% to $53.90 [3] - Erayak Power Solution Group Inc. (RAYA) is up 8% at $5.76 [3] - ProQR Therapeutics N.V. (PRQR) has increased by 7% to $3.00 [3] - Bio Green Med Solution, Inc. (BGMS) is up 6% at $4.04 [3] Premarket Losers - American Rebel Holdings, Inc. (AREB) has decreased by 41% to $2.09 [4] - Sadot Group Inc. (SDOT) is down 25% at $5.35 [4] - AVITA Medical, Inc. (RCEL) has fallen 24% to $4.04 [4] - Soluna Holdings, Inc. (SLNH) is down 23% at $3.22 [4] - American Battery Technology Company (ABAT) has decreased by 17% to $4.70 [4] - CID HoldCo, Inc. (DAIC) is down 17% at $2.16 [4] - Pinnacle Food Group Limited (PFAI) has fallen 12% to $3.12 [4] - OnKure Therapeutics, Inc. (OKUR) is down 12% at $2.52 [4] - Whitehawk Therapeutics, Inc. (WHWK) has decreased by 12% to $2.29 [4] - Aqua Metals, Inc. (AQMS) is down 7% at $14.50 [4]

Core Insights - The company has received FDA Fast Track Designation for AlloNK® in refractory rheumatoid arthritis (RA), marking it as the first drug candidate in the deep B-cell depleting category to achieve this status in RA [1][10] - Refractory RA has been prioritized as the lead indication due to the significant unmet need, with over 100,000 patients in the U.S. remaining treatment refractory [2][10] - AlloNK is designed to enhance the efficacy of B-cell-targeting antibodies like rituximab, potentially leading to deeper and more durable B-cell depletion [3][10] Company Overview - Artiva Biotherapeutics is a clinical-stage biotechnology company focused on developing safe and effective cell therapies for autoimmune diseases and cancers [7] - AlloNK is an allogeneic, off-the-shelf, non-genetically modified NK cell therapy candidate aimed at enhancing antibody-dependent cellular cytotoxicity [7] - The company was founded in 2019 as a spin-out from GC Cell, holding exclusive worldwide rights to NK cell manufacturing technology and programs [7] Clinical Development - More than 20 patients have been treated with AlloNK in combination with monoclonal antibody therapy across various autoimmune diseases [1][10] - Upcoming data releases are expected to demonstrate consistent deep B-cell depletion and a favorable safety profile, supporting AlloNK's outpatient-ready status [1][10] - Initial safety and translational data for over 20 patients are anticipated to be shared in mid-November, with clinical response data expected in the first half of 2026 [2][10] Market Opportunity - RA affects over 1.5 million people in the U.S., with a notable subset of patients becoming refractory to existing treatments [3][10] - AlloNK's mechanism of action aims to provide a scalable and accessible solution for patients treated primarily in community rheumatology clinics [4][10] - The company plans to engage with the FDA in the first half of 2026 to align on pivotal trial design for AlloNK in refractory RA [10]

Summary of Artiva Biotherapeutics Conference Call Company Overview - **Company**: Artiva Biotherapeutics - **Founded**: 2019 - **Focus**: NK cell therapies, specifically non-genetically modified NK cells combined with monoclonal antibodies for enhanced B cell killing [2][3] Core Points and Arguments NK Cell Therapy Advantages - **Non-Genetically Modified NK Cells**: Artiva's NK cells are sourced from umbilical cord units, allowing for the production of thousands of vials with a billion cryopreserved NK cells each, with a shelf life of 3-4 years [2] - **Safety Profile**: NK cells are reported to have a safer profile compared to T cell modalities, reducing the risk of cytokine release syndrome [3][10] - **Efficacy**: The combination of NK cells with monoclonal antibodies enhances the potency of B cell killing, which has been demonstrated in clinical trials [6][7] Current Trials and Indications - **Autoimmunity Trials**: Artiva is currently running trials in the autoimmunity space, exploring various indications [4] - **CYFLU Regimen**: The use of cyclophosphamide (CY) and fludarabine (FLU) is intended to enhance NK cell survival and reduce B cell burden, with low doses deemed safe [10][12][13] Competitive Landscape - **Efficacy vs. Safety**: Artiva aims to demonstrate that their allo-NK therapy can achieve high efficacy while maintaining a favorable safety profile, making it suitable for community administration [6][7][19] - **Comparison with Other Therapies**: The company acknowledges the need to show superiority over existing therapies, including rituximab and other B cell depleting modalities [37][38] Enrollment and Data Generation - **Enrollment Update**: Over a dozen patients have been enrolled across more than a dozen sites, with a focus on generating robust safety and efficacy data [26][30] - **Data Sharing Plans**: Artiva plans to share pooled data on B cell depletion and safety by year-end, with a focus on demonstrating the therapy's effectiveness compared to standard care [30][32] Future Directions - **Lead Indication Announcement**: The company intends to announce its lead indication by year-end, aiming to differentiate itself in the competitive landscape [31][32] - **Pivotal Trials**: Artiva is optimistic about moving towards pivotal trials based on the data generated from ongoing studies [46] Other Important Content - **Prophylactic Measures**: The use of prophylactic antibiotics, antivirals, and antifungals is discussed to mitigate infection risks associated with lymphodepletion [19][22] - **Community Setting Compatibility**: The therapy is designed to be manageable in a community setting, allowing for outpatient treatment and reducing the need for hospitalization [23][24] - **Immune Reset Concept**: The concept of immune reset is introduced, where deep B cell depletion leads to a more naive phenotype of reconstituted B cells, potentially reducing autoantibodies [34][35] This summary encapsulates the key points discussed during the conference call, highlighting Artiva Biotherapeutics' innovative approach to NK cell therapies and its strategic positioning within the competitive landscape of autoimmune treatments.

Core Insights - Artiva Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on developing cell therapies for autoimmune diseases and cancers [3] - The company will participate in the Cantor Global Healthcare Conference 2025 on September 3, 2025, at 9:45 a.m. EDT [1] - Artiva's lead program, AlloNK®, is an allogeneic NK cell therapy currently evaluated in three clinical trials targeting B-cell driven autoimmune diseases [3] Company Overview - Artiva Biotherapeutics was founded in 2019 as a spin-out from GC Cell, gaining exclusive worldwide rights to NK cell manufacturing technology [3] - The company is headquartered in San Diego, California [4] - Artiva's pipeline includes CAR-NK candidates aimed at treating both solid and hematologic cancers [3] Conference Participation - Members of Artiva's management team will be available for investor meetings during the conference [2] - A live webcast of the presentation will be accessible through the "Investors" section on Artiva's website, with a replay available for 90 days post-event [2]

Part I - Financial Information [Item 1. Financial Statements (Unaudited)](index=7&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited statements show decreased assets, an increased net loss to $41.6 million, and a growing accumulated deficit for the first half of 2025 [Condensed Balance Sheets](index=7&type=section&id=Condensed%20Balance%20Sheets) Total assets decreased to $169.4 million as of June 30, 2025, driven by a reduction in cash and investments, while the accumulated deficit grew to $288.2 million Condensed Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $28,468 | $40,235 | | Short-term investments | $113,897 | $145,193 | | **Total current assets** | **$149,066** | **$188,631** | | **Total assets** | **$169,391** | **$209,581** | | Total current liabilities | $10,768 | $12,253 | | **Total liabilities** | **$20,350** | **$22,940** | | Accumulated deficit | ($288,249) | ($246,684) | | **Total stockholders' equity** | **$149,041** | **$186,641** | [Condensed Statements of Operations and Comprehensive Loss](index=8&type=section&id=Condensed%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) The net loss for the first six months of 2025 increased to $41.6 million from $31.8 million year-over-year, primarily due to higher R&D expenses Statement of Operations Highlights (in thousands) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | License and development support revenue | $0 | $251 | | Research and development expenses | $34,914 | $23,488 | | General and administrative expenses | $10,068 | $7,444 | | **Loss from operations** | **($44,982)** | **($30,681)** | | **Net loss** | **($41,565)** | **($31,806)** | | Net loss per share, basic and diluted | ($1.71) | ($39.24) | [Condensed Statements of Cash Flows](index=11&type=section&id=Condensed%20Statements%20of%20Cash%20Flows) Net cash used in operations increased to $42.8 million for the first half of 2025, while cash, cash equivalents, and restricted cash decreased by $11.6 million Cash Flow Summary - Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($42,824) | ($28,771) | | Net cash provided by investing activities | $31,093 | $11,131 | | Net cash provided by (used in) financing activities | $167 | ($1,616) | | **Net decrease in cash, cash equivalents and restricted cash** | **($11,564)** | **($19,256)** | | Cash, cash equivalents and restricted cash at end of period | $28,929 | $34,506 | [Notes to Condensed Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Financial%20Statements) The notes detail the company's liquidity, accounting policies, recent IPO, and collaboration agreements, confirming sufficient cash for at least one year of operations - The company completed its IPO on July 22, 2024, raising aggregate net proceeds of **$162.3 million**[29](index=29&type=chunk) - As of June 30, 2025, the company had **$142.4 million** in cash, cash equivalents, and investments and believes this is sufficient to fund planned operations for at least one year[30](index=30&type=chunk) - Immediately upon completion of the IPO, all **6,160,385 outstanding shares** of convertible preferred stock converted into common stock[84](index=84&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the focus on allogeneic NK cell therapies, the increased net loss driven by R&D expenses, and the sufficiency of cash to fund operations into Q2 2027 - The company is a clinical-stage biotech focused on allogeneic NK cell therapies, with its lead candidate, AlloNK, being evaluated in trials for autoimmune diseases[120](index=120&type=chunk)[121](index=121&type=chunk) - The increase in R&D expenses for the six months ended June 30, 2025, was primarily due to an **$8.4 million increase** in external costs related to AlloNK product development and clinical trials[151](index=151&type=chunk) - Based on current operating plans, the company expects its existing cash, cash equivalents, and investments of **$142.4 million** to be sufficient to fund operations into the second quarter of 2027[155](index=155&type=chunk) Comparison of Results of Operations (in thousands) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Research and development | $34,914 | $23,488 | | General and administrative | $10,068 | $7,444 | | **Loss from operations** | **($44,982)** | **($30,681)** | | **Net loss** | **($41,565)** | **($31,806)** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=53&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, this section is not required and has been omitted - As a smaller reporting company, Artiva Biotherapeutics is not required to provide quantitative and qualitative disclosures about market risk[182](index=182&type=chunk) [Item 4. Controls and Procedures](index=53&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls - Management concluded that the company's disclosure controls and procedures were **effective as of June 30, 2025**[183](index=183&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, internal controls[184](index=184&type=chunk) Part II - Other Information [Item 1. Legal Proceedings](index=54&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings - The company reports that it is not currently involved in any litigation or legal proceedings that management believes are likely to have a material adverse effect on the business[186](index=186&type=chunk) [Item 1A. Risk Factors](index=54&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks related to its limited operating history, unproven therapies, reliance on third parties, and intense competition - The company has a **limited operating history**, no approved products, and a history of significant net losses, making it difficult to evaluate its future success[189](index=189&type=chunk) - The development of NK cell-based product candidates is an **unproven approach**, and the company may not be able to develop any products of commercial value[199](index=199&type=chunk) - The manufacture of cell therapy products is novel and complex; the company **relies on GC Cell for manufacturing** certain candidates and faces risks of delays or quality issues[279](index=279&type=chunk)[283](index=283&type=chunk) - The company faces **significant competition** from other biotechnology and pharmaceutical companies, many of which have greater financial and technical resources[294](index=294&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=159&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details the use of its $162.3 million in net IPO proceeds and reports no unregistered sales of equity securities - The company completed its IPO on July 22, 2024, and received net proceeds of approximately **$162.3 million**[490](index=490&type=chunk)[491](index=491&type=chunk) - There has been **no material change** in the planned use of proceeds from the IPO as described in the final prospectus[492](index=492&type=chunk) [Item 3. Defaults Upon Senior Securities](index=161&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This item is not applicable to the company - The company reports no defaults upon senior securities[494](index=494&type=chunk) [Item 4. Mine Safety Disclosures](index=161&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - The company reports that mine safety disclosures are not applicable[495](index=495&type=chunk) [Item 5. Other Information](index=161&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during the quarter - No director or officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter[496](index=496&type=chunk) [Item 6. Exhibits](index=162&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the report, including required officer certifications - The report includes certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Sarbanes-Oxley Act Sections 302 and 906[498](index=498&type=chunk)

[Business and Clinical Highlights](index=1&type=section&id=Business%20and%20Clinical%20Highlights) Artiva advanced AlloNK® in autoimmune diseases, initiating a global basket trial and expanding US enrollment - The **first patient** has been treated in a global basket trial exploring **AlloNK®** combined with **rituximab** for refractory rheumatoid arthritis (RA), Sjögren's disease (SjD), idiopathic inflammatory myopathies (IIM), and systemic sclerosis (SSc)[1](index=1&type=chunk)[6](index=6&type=chunk) - **Over a dozen patients** have been treated with **AlloNK®** plus a **monoclonal antibody (mAb)** across various autoimmune diseases in both company-sponsored and investigator-initiated trials[1](index=1&type=chunk)[2](index=2&type=chunk)[6](index=6&type=chunk) - **More than a dozen clinical sites** are actively enrolling patients across **two company-sponsored trials** in the US for autoimmune diseases, including a Phase 2a basket trial and a Phase 1/1b trial in systemic lupus erythematosus (SLE)[2](index=2&type=chunk)[6](index=6&type=chunk) - The company anticipates that its therapy, including the use of cyclophosphamide and fludarabine, can be administered and managed in an **outpatient setting**[2](index=2&type=chunk) [Upcoming Milestones](index=1&type=section&id=Upcoming%20Milestones) Artiva expects initial AlloNK® safety data by year-end 2025, with lead indication and clinical response data in 1H 2026 - By **Year-End 2025**: The company plans to present **initial safety and translational data** for AlloNK® + mAb, provide insights into its tolerability in community rheumatology sites, and disclose the **lead indication** for further development[1](index=1&type=chunk)[2](index=2&type=chunk)[6](index=6&type=chunk) - **1H 2026**: Artiva expects to present **initial clinical response data** in the selected **lead autoimmune indication**, which will inform the registrational strategy[1](index=1&type=chunk)[6](index=6&type=chunk) [Second Quarter 2025 Financial Results](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Results) Artiva reported a **$21.3 million net loss** in Q2 2025, with **$142.4 million cash** providing runway into Q2 2027 [Financial Performance Summary](index=2&type=section&id=Financial%20Performance%20Summary) Artiva's Q2 2025 showed **$142.4 million cash**, increased operating expenses, and a **$21.3 million net loss** - As of June 30, 2025, the company had cash, cash equivalents, and investments of **$142.4 million**, which is expected to fund operations into **Q2 2027**[1](index=1&type=chunk)[10](index=10&type=chunk) Q2 2025 Financial Highlights (vs. Q2 2024) | Financial Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Research and Development Expenses | $17.9 million | $12.3 million | | General and Administrative Expenses | $4.9 million | $3.9 million | | Other Income (expense), net | $1.6 million | ($1.7 million) | | Net Loss | ($21.3 million) | ($17.8 million) | [Condensed Balance Sheets](index=3&type=section&id=Condensed%20Balance%20Sheets) Total assets decreased to **$169.4 million** by June 30, 2025, from **$209.6 million** at year-end 2024, due to reduced cash Condensed Balance Sheet Data (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash, cash equivalents and investments | $142,365 | $185,428 | | Total assets | $169,391 | $209,581 | | **Liabilities & Equity** | | | | Total liabilities | $20,350 | $22,940 | | Stockholders' equity | $149,041 | $186,641 | | Total liabilities and stockholders' equity | $169,391 | $209,581 | [Condensed Statements of Operations](index=4&type=section&id=Condensed%20Statements%20of%20Operations) Artiva reported a **net loss of $21.3 million** (or **($0.87) per share**) for Q2 2025, due to higher R&D expenses Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Research and development | $17,861 | $12,333 | | Total operating expenses | $22,810 | $16,190 | | Loss from operations | ($22,810) | ($16,190) | | Net loss | ($21,254) | ($17,843) | | Net loss per share | ($0.87) | ($22.00) | [About Artiva Biotherapeutics](index=2&type=section&id=About%20Artiva%20Biotherapeutics) Artiva Biotherapeutics is a clinical-stage biotech developing accessible cell therapies for autoimmune diseases and cancers, with AlloNK® as its lead - Artiva's mission is to develop **effective, safe, and accessible cell therapies** for patients with devastating autoimmune diseases and cancers[7](index=7&type=chunk) - The lead program, **AlloNK® (AB-101)**, is an **allogeneic, off-the-shelf, non-genetically modified NK cell therapy** candidate currently being evaluated in **three clinical trials** for B-cell driven autoimmune diseases[7](index=7&type=chunk)