CERo Therapeutics(CERO)

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CERo Therapeutics Holdings, Inc. Announces First Patient Completes Dose-Limiting Toxicity Observation Period with No Reported DLTs in Phase 1 Trial of CER-1236
Globenewswire· 2025-06-23 12:15
Core Viewpoint - CERo Therapeutics Holdings, Inc. has completed the initial evaluation of the first patient in its Phase 1 clinical trial for CER-1236, showing no dose-limiting toxicity, indicating a positive start for the trial [1][2]. Company Overview - CERo is an innovative immunotherapy company focused on developing next-generation engineered T cell therapeutics for cancer treatment, utilizing a proprietary approach that integrates characteristics of both innate and adaptive immunity [3]. - The company’s lead product candidate, CER-1236, targets TIM4L and is designed to redirect patient-derived T cells to eliminate tumors through phagocytic mechanisms, which may offer greater therapeutic applications compared to existing CAR-T therapies [3]. Clinical Trial Details - The Phase 1/1b study, titled "Phase 1/1b First-in-human Study of Autologous Chimeric Engulfment Receptor T-Cell CER-1236 in Patients With Acute Myeloid Leukemia (CertainT-1)," aims to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia [2]. - The trial includes a dose escalation phase to determine the highest tolerated dose and a subsequent expansion phase to assess safety and efficacy, with primary outcome measures focusing on adverse events, dose-limiting toxicities, and overall response rates [2]. Future Plans - The company plans to initiate a second trial of CER-1236 in solid tumors later in the year, indicating a commitment to advancing its clinical programs [2].
CERo Therapeutics Holdings, Inc. Announces FDA Orphan Drug Designation Granted to CER-1236 for the Treatment of Acute Myeloid Leukemia (AML)
Globenewswire· 2025-06-17 12:15
Core Insights - CERo Therapeutics Holdings, Inc. has received Orphan Drug Designation from the FDA for its lead drug candidate CER-1236, aimed at treating acute myeloid leukemia (AML) [1][3] - CER-1236 is currently undergoing Phase 1 clinical trials to assess its safety and preliminary efficacy in AML patients [2] - The FDA's Orphan Drug program supports the development of treatments for conditions affecting fewer than 200,000 patients annually, providing various incentives to CERo [3] Company Overview - CERo is focused on developing next-generation engineered T cell therapeutics for cancer treatment, utilizing a proprietary approach that combines innate and adaptive immunity [4] - The company’s innovative therapy, CER-1236, employs phagocytic mechanisms to enhance the effectiveness of T cell therapies against tumors [4] - CERo aims to differentiate its CER-T cells from existing CAR-T therapies, potentially expanding their application to both hematological malignancies and solid tumors [4]
CERo Therapeutics, Inc. Announces Option Exercise for Additional Series D Financing
Globenewswire· 2025-06-06 12:15
Company Overview - CERo Therapeutics Holdings, Inc. is an innovative immunotherapy company focused on developing next-generation engineered T cell therapeutics for cancer treatment [5] - The company employs a proprietary approach to T cell engineering that integrates characteristics of both innate and adaptive immunity, aiming to enhance cancer therapy effectiveness [5] Recent Developments - CERo has issued additional shares of its Series D Preferred Stock to institutional investors, with a total purchase price of up to $8 million, including $5 million previously issued [1] - The gross proceeds from the recent closing are expected to be approximately $750,000, with potential additional funding of up to $2.25 million at the investors' discretion [3] - The net proceeds from this offering will be utilized to leverage recent FDA IND allowances in liquid and solid tumors and to expedite site activation at MDACC [3] Clinical Progress - The company has achieved a significant milestone with the completion of first-in-human dosing for its novel autologous CAR-T therapeutic candidate, CER-1236, targeting TIM 4L in acute myeloid leukemia (AML) [2] - CERo initiated clinical trials for CER-1236 in April 2025, marking its lead product candidate for hematological malignancies [5]
CERo Therapeutics Holdings, Inc. Announces Continued Enhancement of Intellectual Property Portfolio with Two Granted U.S. Patents and European Patent Application Allowance Regarding Company's Lead Compound CER-1236
GlobeNewswire News Room· 2025-06-02 13:05
Core Viewpoint - CERo Therapeutics Holdings, Inc. has significantly expanded its intellectual property portfolio with the granting of multiple patents, enhancing its position in the immunotherapy market focused on engineered T cell therapeutics [1][5][6]. Patent Developments - The USPTO granted U.S. Patent No. 12,291,557 for the chimeric TIM4 receptor, which protects design aspects of the lead compound CER-1236 [2]. - The European Patent Office allowed European Patent Application No. 1882166.7, covering a chimeric engulfment receptor that further protects CER-1236's design aspects already granted in the U.S., Japan, and China [3]. - U.S. Patent No. 12,303,551 was granted for cellular immunotherapy compositions, covering combination therapies involving CER-1236, which may enhance treatment options for cancer [4]. Intellectual Property Portfolio - CERo's intellectual property now includes a total of 18 issued patents and allowed patent applications internationally, with 9 total patent families providing protection until 2042 in the United States [5][6]. Company Strategy and Future Plans - The CEO of CERo emphasized the importance of expanding the intellectual property portfolio to ensure market success and highlighted the novelty of the CER-T technology [6]. - The company anticipates updates on clinical trial progress for acute myeloid leukemia (AML) and plans to initiate human trials for ovarian and non-small cell lung cancers [6][7].
CERo Therapeutics Holdings, Inc. Doses First Patient with CER-1236 in Phase 1 Clinical Trial for Acute Myeloid Leukemia and is Advancing Through Protocol-Defined Evaluations
Globenewswire· 2025-05-30 12:15
Core Insights - CERo Therapeutics has initiated its Phase 1 clinical trial for CER-1236, targeting acute myeloid leukemia (AML) with the first patient already dosed [1][3][4] - The trial is designed to evaluate the safety and preliminary efficacy of CER-1236 in various AML patient populations, including those with relapsed/refractory disease and newly diagnosed patients with TP53 mutations [3][4] - The study will be presented at the 2025 Annual Meeting of the American Society of Clinical Oncology, highlighting the significance of this clinical milestone [1][4] Company Overview - CERo Therapeutics is focused on developing next-generation engineered T cell therapeutics, utilizing a proprietary approach that integrates characteristics of both innate and adaptive immunity [5] - The company aims to create Chimeric Engulfment Receptor T cells (CER-T) that can potentially treat both hematological malignancies and solid tumors, differentiating its product from existing CAR-T therapies [5] - The lead investigator for the trial is Dr. Abhishek Maiti from The University of Texas MD Anderson Cancer Center, who has collaborated with CERo on preclinical data publication [2][3]
CERo Therapeutics(CERO) - 2025 Q1 - Quarterly Report
2025-05-15 20:57
Financial Position - As of March 31, 2025, the company reported $5.1 million in cash and cash equivalents and an accumulated deficit of $76.0 million[227]. - The company anticipates needing to raise substantial additional capital in the future to support ongoing R&D activities[241]. - The company had $5.1 million in cash and cash equivalents as of March 31, 2025, and anticipates needing substantial additional funding for ongoing operations[256]. Fundraising Activities - The company raised approximately $4.3 million from a public offering on February 7, 2025, selling 2,551,020 shares of Common Stock at a price of $1.96 per share[231]. - On April 21, 2025, the company completed a private placement of 6,250 shares of Series D Preferred Stock for approximately $5 million[233]. - Net cash provided by financing activities for the three months ended March 31, 2025, was $6.3 million, down from $7.2 million in the same period in 2024[263]. Research and Development - The company plans to substantially increase its R&D expenses as it continues the development of its product candidates through clinical trials[241]. - For the three months ended March 31, 2025, research and development expenses increased to $2.9 million, up 74.3% from $1.7 million in the same period in 2024[248]. - The company expects significant increases in R&D expenses as it expands clinical development and operational compliance as a public company[250][255]. Revenue Expectations - The company has not recognized any revenue from product sales and does not expect to generate revenue in the foreseeable future[239]. - The company does not expect to generate revenue for at least the next few years, pending regulatory approval of its product candidates[254]. Operating Expenses - General and administrative expenses decreased to $2.0 million for the three months ended March 31, 2025, down 29.2% from $2.9 million in the same period in 2024[248]. - Total operating expenses for the three months ended March 31, 2025, were $4.95 million, an increase of 8.7% from $4.55 million in the same period in 2024[248]. - The net loss for the three months ended March 31, 2025, was $5.1 million, representing an increase of 122.0% compared to a net loss of $2.3 million for the same period in 2024[253]. Stock and Compliance - The company executed a reverse stock split on January 8, 2025, converting every 100 shares of Common Stock into 1 share[230]. - The company received a notification from Nasdaq on May 7, 2025, stating that it had regained compliance with the Nasdaq continued listing standard[238]. Earnout and Stock-Based Compensation - The Company recognized an earnout liability of $4.9 million on the merger date due to the merger in February 2024[266]. - During the three months ended March 31, 2024, the Company recorded a gain from the change in fair value of the earnout liability of $1.8 million, included in other income (expenses), net[266]. - The Company uses a Black-Scholes option pricing model to estimate the fair value of stock-based awards, which involves management's best estimates and inherent uncertainties[267]. - Stock-based compensation expense is recognized on a straight-line basis over the requisite service period, typically the vesting period[267]. - The accounting for stock options granted to outside consultants is consistent with the accounting for stock-based payments to officers and directors, recognized as stock-based compensation expense over the vesting period[268].
CERo Therapeutics Holdings, Inc. Regains Compliance with Nasdaq Listing Rule 5550(b)(1)
Globenewswire· 2025-05-08 12:15
Core Insights - CERo Therapeutics has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2.5 million [1] - The compliance was achieved following a private placement of Series D Preferred Stock, a partial drawdown from the Equity Line of Credit, and a public offering in February 2025 [1] - The CEO of CERo Therapeutics expressed commitment to advancing their lead program, CER-1236, and aims to initiate a Phase 1 clinical trial soon [2] Company Overview - CERo Therapeutics is focused on developing next-generation engineered T cell therapeutics for cancer treatment [3] - The company utilizes a proprietary approach to T cell engineering that integrates characteristics of both innate and adaptive immunity [3] - CERo's Chimeric Engulfment Receptor T cells (CER-T) are designed to engage the body's immune system to eliminate tumors, potentially offering greater therapeutic applications than current CAR-T therapies [3] - Clinical trials for CER-1236 are anticipated to begin in 2025, targeting hematological malignancies [3]
CERo Therapeutics Holdings, Inc. Announces TriStar Centennial Medical Center as a Clinical Trial Site for its Phase 1 Clinical Trial of CER-1236 in Acute Myeloid Leukemia
Globenewswire· 2025-04-30 12:15
Core Insights - CERo Therapeutics Holdings, Inc. is advancing its Phase 1 clinical trial of CER-1236 for treating acute myeloid leukemia (AML) at TriStar Centennial Medical Center in Nashville, Tennessee, with patient enrollment currently underway and expected dosing of the first patient in the first half of 2025 [1][2][3] Company Overview - CERo is an innovative immunotherapy company focused on developing next-generation engineered T cell therapeutics for cancer treatment, utilizing a proprietary approach that integrates characteristics of both innate and adaptive immunity [4] - The company's Chimeric Engulfment Receptor T cells (CER-T) are designed to engage the body's full immune response to eliminate tumors, potentially offering greater therapeutic applications than current CAR-T therapies [4] Clinical Trial Details - The Phase 1/1b study of CER-1236 aims to evaluate safety and preliminary efficacy in patients with relapsed/refractory AML, measurable residual disease, or TP53 gene mutations, with a two-part design for dose escalation and expansion [2] - Primary outcome measures include the incidence of adverse events, dose-limited toxicities, overall response rate, complete response, composite complete response, and measurable residual disease [2]
CERo Therapeutics Holdings, Inc. to Present Poster on Lead Program, CER-1236, at the American Society of Clinical Oncology (ASCO) 2025 Annual Meeting
Globenewswire· 2025-04-25 12:15
Core Insights - CERo Therapeutics Holdings, Inc. is presenting a poster at the ASCO 2025 Annual Meeting, showcasing its innovative approach to engineered T cell therapeutics targeting cancer [1][2] - The poster details a first-in-human study of CER-1236, an autologous chimeric engulfment receptor T-cell therapy aimed at treating acute myeloid leukemia [2] - The study is a multi-center, open-label, Phase 1/1b trial focusing on safety and preliminary efficacy, with primary outcome measures including adverse events and overall response rates [2] Company Overview - CERo is focused on developing next-generation engineered T-cell therapeutics that integrate characteristics of both innate and adaptive immunity [3] - The company’s proprietary technology aims to redirect patient-derived T cells to eliminate tumors through phagocytic mechanisms, creating Chimeric Engulfment Receptor T cells (CER-T) [3] - CERo believes that CER-T cells will have broader therapeutic applications compared to current CAR-T therapies, potentially addressing both hematological malignancies and solid tumors [3]
CERo Therapeutics Holdings, Inc. Announces Sarah Cannon Research Institute at Colorado Blood Cancer Institute as Key Clinical Trial Site for its Phase 1 Clinical Trial of CER-1236 in Acute Myeloid Leukemia
Globenewswire· 2025-04-24 12:15
Core Insights - CERo Therapeutics Holdings, Inc. is advancing its Phase 1 clinical trial of CER-1236 for acute myeloid leukemia (AML) at the Colorado Blood Cancer Institute, with patient enrollment currently underway and initial dosing expected by June 2025 [1][2][3] Company Overview - CERo is an innovative immunotherapy company focused on engineered T cell therapeutics that utilize phagocytic mechanisms to enhance cancer treatment [1][3] - The company’s proprietary T cell engineering approach aims to integrate characteristics of both innate and adaptive immunity, potentially offering greater therapeutic applications than current CAR-T therapies [3] Clinical Trial Details - The Phase 1/1b study is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with relapsed/refractory AML, measurable residual disease, or TP53 gene mutations [2] - The trial will consist of a dose escalation phase to determine the highest tolerated dose, followed by an expansion phase to assess safety and efficacy [2] - Primary outcome measures include the incidence of adverse events, dose-limited toxicities, overall response rate, complete response, composite complete response, and measurable residual disease [2] Expert Commentary - Dr. Yazan Migdady from the Colorado Blood Cancer Institute highlighted the potential of chimeric engulfment receptor technology in improving treatment outcomes for AML patients [2]