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aTyr Pharma to Participate in April Investor Conferences
GlobeNewswire· 2025-04-03 12:00
SAN DIEGO, April 03, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced that the company will participate in two upcoming investor conferences scheduled to take place in April 2025. Details of the conferences appear below: Conference: Jones Healthcare and Technology Innovation Conference Date: April 8 – 9, 2025Location: Las Vegas, ...
aTyr Pharma Announces the Appointment of Dalia R. Rayes as Head of Commercial, Global Efzofitimod Franchise
Newsfilter· 2025-03-26 12:00
SAN DIEGO, March 26, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (NASDAQ:ATYR) ("aTyr" or the "Company"), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced the appointment of Dalia R. Rayes as Head of Commercial, Global Efzofitimod Franchise. Ms. Rayes brings over 25 years of experience building and leading commercial organizations at biotechnology and pharmaceutical companies, including l ...
aTyr Pharma: Good Safety Data In Pulmonary Sarcoidosis, Institutions Are Accumulating
Seeking Alpha· 2025-03-14 19:10
Biotech company aTyr Pharma’s (NASDAQ: ATYR ) first of two pivotal events of the year is coming up. The first one is an interim readout and will be the least interesting one in my perspective, as it relates to aI am a long-term investor focused on growth markets, AI and biotech opportunities in my more volatile portfolio. I try to look for undervalued and under-the-radar stocks with serious potential and good scientific or other background. My ambition here is to cover stocks with considerable growth potent ...
aTyr Pharma, Inc.(ATYR) - 2024 Q4 - Earnings Call Transcript
2025-03-14 03:18
aTyr Pharma, Inc. (NASDAQ:ATYR) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Ashlee Dunston - Senior Director of Investor Relations and Public Affairs Sanjay Shukla - President and Chief Executive Officer Leslie Nangle - Vice President of Research Jill Broadfoot - Chief Financial Officer Conference Call Participants Derek Archila - Wells Fargo & Company Yasmeen Rahimi - Piper Sandler Companies Faisal Khurshid - Leerink Partners LLC Prakhar Agrawal - Cantor Fitzgerald, L.P. ...
aTyr Pharma, Inc.(ATYR) - 2024 Q4 - Annual Report
2025-03-13 21:19
Clinical Development - Efzofitimod is a first-in-class biologic immunomodulator in clinical development for the treatment of interstitial lung disease (ILD), with orphan drug designations granted by the FDA and European Commission for sarcoidosis and systemic sclerosis-associated ILD[21][22]. - The Phase 1b/2a clinical trial demonstrated that efzofitimod was safe and well-tolerated at all doses, with significant improvements in steroid reduction and lung function compared to placebo[22]. - The EFZO-FIT study, a pivotal Phase 3 trial for efzofitimod, has enrolled 268 patients, exceeding the target of 264, with topline data expected in Q3 2025[24][30]. - The company has initiated an Individual Patient Expanded Access Program for efzofitimod, allowing patients who completed the EFZO-FIT study to receive treatment outside of the clinical trial[25]. - The EFZO-CONNECT study is underway to evaluate efzofitimod in patients with systemic sclerosis-associated ILD, with interim data expected in Q2 2025[26][32]. - The primary endpoint of the EFZO-FIT study is steroid reduction, with secondary endpoints including lung function assessed by FVC and health-related quality of life[52]. - The study incorporates a forced steroid taper, starting from a dose of 7.5-25 mg/day of prednisone to a target dose of 0.0 mg/day[53]. - Efzofitimod demonstrated a 58% overall steroid reduction from baseline and a 22% relative reduction compared to placebo in the 5.0 mg/kg treatment group[61]. - The absolute improvement in FVC (Forced Vital Capacity) at week 24 was 3.3% in the 5.0 mg/kg treatment group compared to placebo, with an improvement of >2.5% considered clinically meaningful[61]. - The EFZO-CONNECT study, a Phase 2 trial for SSc-ILD, is set to enroll up to 25 patients and aims to report interim data in Q2 2025[63]. Financial Overview - The company anticipates continued significant losses as it progresses through clinical development and seeks additional capital or strategic partnerships[23]. - The market price of the company's common stock has historically been highly volatile, posing risks to investors[23]. - The company has approximately $75.1 million in cash, cash equivalents, restricted cash, and available-for-sale investments as of December 31, 2024, which is expected to meet material cash requirements for at least one year[205]. - The company incurred a consolidated net loss of $64.0 million for the year ended December 31, 2024, with an accumulated deficit of $532.0 million as of the same date[211]. - The company has not generated any revenue from product sales since its inception in 2005 and does not anticipate doing so in the foreseeable future[215]. - The company expects to continue incurring significant expenses and operating losses as it advances research and clinical development of its product candidates, including efzofitimod[213]. - The company has financed its operations primarily through the sale of equity securities and convertible debt, and future net losses will depend on the rate of expenditures and ability to obtain funding[212]. - The company may face challenges in raising funds due to global geopolitical and macroeconomic conditions, which could affect its ability to continue operations and capitalize on business opportunities[209]. Regulatory and Compliance - The FDA regulates the approval process for biologics, which requires substantial time and financial resources, and non-compliance could lead to significant sanctions[103]. - The company is preparing for a potential Biologics License Application (BLA) submission for efzofitimod, with ongoing work on process performance qualification batches[86]. - The FDA typically conducts a pre-approval inspection of manufacturing facilities to ensure compliance with cGMP requirements before approving a BLA[113]. - The FDA may grant Fast Track designation for drugs addressing serious conditions, allowing for more frequent interactions and priority review[117]. - Orphan drug designation can provide financial incentives and exclusivity for drugs treating rare diseases affecting fewer than 200,000 individuals in the U.S.[125]. - The company must submit an IND to the FDA, which becomes effective 30 days after receipt unless concerns are raised[105]. - The FDA may approve a BLA based on surrogate endpoints under the accelerated approval program, requiring post-marketing trials to verify clinical benefit[120]. - The company must conduct expensive pharmacoeconomic studies to demonstrate the medical necessity and cost-effectiveness of its products for third-party payors[135]. - The company is subject to various federal and state laws targeting fraud and abuse in the healthcare industry, which may impact sales and marketing programs[140]. - The company must obtain requisite approvals from regulatory authorities in foreign countries prior to commencing clinical trials or marketing products[132]. Intellectual Property - The company has over 300 issued patents or allowed patent applications, with expiration dates ranging from 2026 to 2034, to protect its proprietary technologies[87]. - The efzofitimod patent portfolio includes issued patents in multiple countries, with U.S. patents expected to expire between 2030 and 2031[93]. - The company plans to continue expanding its intellectual property estate by filing new patent applications for novel therapeutic methods and product forms[90]. Product Development and Market Potential - The company believes there is a substantial unmet need for safer, more effective therapies for pulmonary sarcoidosis, positioning efzofitimod as the most advanced candidate in development for this condition[76]. - The global market opportunity for efzofitimod in pulmonary sarcoidosis and SSc-ILD is estimated to be between $2 billion and $5 billion[78]. - Efzofitimod is currently in development for SSc-ILD, a condition with limited treatment options and significant side effects associated with existing therapies[77]. - The company has licensed rights to Kyorin for the development and commercialization of efzofitimod in Japan[80]. - The company relies on contract development and manufacturing organizations (CDMOs) for the production of efzofitimod, which has proven to be cost-efficient[82]. - The first and second full commercial-scale bulk drug substance GMP runs for efzofitimod were completed successfully in 2023, meeting all release specifications[86]. - The company has engaged an additional CDMO to manufacture efzofitimod, completing technology transfer and validation processes[178]. Challenges and Risks - The company has faced delays in clinical trials due to challenges in patient enrollment and compliance with study protocols[154]. - The ongoing clinical trials, including the EFZO-CONNECT study, may encounter significant delays or require additional studies if initial results are perceived as negative[156]. - The company may face challenges in identifying and enrolling a sufficient number of patients for clinical trials due to the rarity of certain diseases[166]. - The company has not yet completed any human clinical trials that demonstrate efficacy to the satisfaction of the FDA[160]. - The FDA has substantial discretion in the approval process, which may lead to additional trials being required, delaying potential approvals[162]. - The company may not receive orphan drug designation for efzofitimod in other jurisdictions or for other indications[181]. - Any regulatory sanctions or withdrawal of approvals could significantly harm the company's market value and operating results[194]. - The company’s product candidates may cause undesirable side effects that could delay or prevent regulatory approval[202]. - The company’s ability to commercialize products may be adversely affected by public perception of safety issues and slow adoption by healthcare providers[199]. - The company’s discovery platform may not yield commercially viable drugs, impacting its business and financial condition[204].
aTyr Pharma, Inc.(ATYR) - 2024 Q4 - Annual Results
2025-03-13 20:03
Financial Performance - Total revenues for the year ended 2024 were $0.235 million, a decrease from $0.353 million in 2023[15] - The consolidated net loss for the year ended 2024 was $64.0 million, compared to a net loss of $50.4 million in 2023[15] - Research and development expenses for the year ended 2024 were $54.4 million, primarily for clinical trial costs[8] - General and administrative expenses for the year ended 2024 were $13.8 million[8] Cash and Assets - Cash and cash equivalents as of December 31, 2024, were $75.1 million, with an additional $18.8 million raised post-Q4 2024[8] - Total assets decreased from $120,653 million in 2023 to $96,830 million in 2024, representing a decline of approximately 19.7%[17] - Cash and cash equivalents dropped from $101,650 million in 2023 to $75,076 million in 2024, a decrease of about 26.1%[17] - Total stockholders' equity fell from $90,470 million in 2023 to $69,832 million in 2024, reflecting a reduction of approximately 22.8%[17] Liabilities and Expenses - Accounts payable and accrued expenses decreased from $15,088 million in 2023 to $13,715 million in 2024, a decline of about 9.1%[17] - Long-term operating lease liability, net of current portion, decreased from $12,339 million in 2023 to $11,144 million in 2024, a reduction of approximately 9.7%[17] - Current portion of operating lease liability decreased from $831 million in 2023 to $711 million in 2024, a decline of approximately 14.4%[17] - Current portion of financing lease liability increased from $497 million in 2023 to $541 million in 2024, an increase of about 8.8%[17] - Financing lease right-of-use assets decreased from $1,788 million in 2023 to $1,192 million in 2024, a decline of approximately 33.4%[17] - Other receivables decreased from $2,436 million in 2023 to $1,736 million in 2024, a decline of about 28.7%[17] Clinical Trials and Studies - Topline data from the Phase 3 EFZO-FIT™ study of efzofitimod in pulmonary sarcoidosis is expected in Q3 2025[1] - The Phase 3 EFZO-FIT™ study enrolled 268 patients across 85 centers in nine countries, with a total of 12 doses administered[5] - The fourth positive DSMB review for the Phase 3 EFZO-FIT™ study confirmed the favorable safety profile of efzofitimod[4] - Interim data from the Phase 2 EFZO-CONNECT™ study is expected in Q2 2025, focusing on skin assessments in approximately 8 patients[6] Financial Guidance - The company updated its financial guidance, indicating sufficient cash runway for one year following the Phase 3 EFZO-FIT™ readout[8]
aTyr Pharma Announces Fourth Quarter and Full Year 2024 Results and Provides Corporate Update
GlobeNewswire News Room· 2025-03-13 20:01
Topline data from Phase 3 EFZO-FIT™ study of efzofitimod in pulmonary sarcoidosis expected in the third quarter of 2025. Fourth positive DSMB review for efzofitimod in Phase 3 EFZO-FIT™ study reinforces its favorable safety profile. Publication in Science Translational Medicine validates efzofitimod’s mechanism of action. Company to host conference call and webcast today, March 13th at 5:00 p.m. EDT / 2:00 p.m. PDT. SAN DIEGO, March 13, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr” or t ...
aTyr Pharma Announces Publication Demonstrating Efzofitimod's Immunomodulatory Activity in Science Translational Medicine
GlobeNewswire News Room· 2025-03-12 20:00
Core Insights - The publication validates the unique anti-inflammatory mechanism of action of efzofitimod through the neuropilin-2 (NRP2) receptor, supporting its clinical program for interstitial lung disease (ILD) [1][3][4] Company Overview - aTyr Pharma, Inc. is a clinical stage biotechnology company focused on developing first-in-class medicines from its proprietary tRNA synthetase platform [2][7] - The lead therapeutic candidate, efzofitimod, is in clinical development for treating ILD, specifically targeting inflammation and fibrosis in the lungs [5][7] Mechanism of Action - Efzofitimod is derived from a splice variant of histidyl-tRNA synthetase (HARS) and selectively binds to NRP2, which is highly expressed in myeloid cells at inflammation sites [3][4] - This binding inhibits pro-inflammatory receptors and cytokines, downregulating inflammatory pathways in macrophages, potentially disrupting chronic inflammation and fibrosis cycles [3][4] Clinical Development - Efzofitimod is currently being investigated in the Phase 3 EFZO-FIT™ study for pulmonary sarcoidosis and the Phase 2 EFZO-CONNECT™ study for systemic sclerosis-related ILD [4][5] - The drug has received orphan drug designation in the U.S., E.U., and Japan for sarcoidosis, as well as Fast Track designation in the U.S. for both pulmonary sarcoidosis and systemic sclerosis-related ILD [4][5] Scientific Validation - The peer-reviewed publication in Science Translational Medicine provides extensive preclinical data supporting efzofitimod's immunomodulatory activity and its potential application in chronic inflammatory conditions [3][4]
aTyr Pharma Announces Fourth Positive DSMB Review for Efzofitimod in Phase 3 EFZO-FIT™ Study in Pulmonary Sarcoidosis
GlobeNewswire· 2025-03-06 21:02
No safety concerns identified by independent data and safety monitoring board (DSMB), which recommends continuation of study without any modifications.SAN DIEGO, March 06, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr” or the “Company”), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced the outcome of a fourth, pre-planned interim safety analysis conducted by an indepen ...
aTyr Pharma to Webcast Conference Call Reporting Fourth Quarter and Full Year End 2024 Financial Results
GlobeNewswire· 2025-03-04 13:00
Core Viewpoint - aTyr Pharma, Inc. is set to report its fourth quarter and full year 2024 financial results on March 13, 2025, and will provide a corporate update during a conference call and webcast [1] Group 1: Financial Reporting - The financial results will be announced after market close on March 13, 2025 [1] - A conference call and webcast will be held at 5:00 p.m. EDT / 2:00 p.m. PDT to review the results [2] Group 2: Company Overview - aTyr Pharma is a clinical stage biotechnology company focused on developing first-in-class medicines from its proprietary tRNA synthetase platform [3] - The company aims to translate tRNA synthetase biology into new therapies for fibrosis and inflammation [3] - The lead therapeutic candidate, efzofitimod, is in clinical development for treating interstitial lung disease, which involves immune-mediated disorders causing lung inflammation and progressive fibrosis [3]