BOSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively modulate disease-specific T cells, announced today that it will present an oral abstract and poster at the American Society of Clinical Oncology (ASCO) Annual Meeting, taking place May 31 – June 4, 2024 in Chicago, IL. The presentations will highlight the Company’s Phase 1 trials of its lead interleukin 2 (IL-2)-based biolog ...

A downtrend has been apparent in Cue Biopharma, Inc. (CUE) lately. While the stock has lost 5.4% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case fo ...

Cue Biopharma, Inc. (NASDAQ:CUE) Q4 2023 Earnings Conference Call April 8, 2024 4:30 PM ET Company Participants Daniel Passeri - CEO Matteo Levisetti - Chief Medical Officer Anish Suri - President & Chief Scientific Officer Kerri-Ann Millar - CFO Conference Call Participants Stephen Willey - Stifel Ren Benjamin - JMP Operator Greetings and welcome to the Cue Biopharma Investor Update call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the presentation. [Op ...

BOSTON, April 08, 2024 (GLOBE NEWSWIRE) -- Cue Biopharma, Inc. (NASDAQ:CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively modulate disease-specific T cells, today reported fourth quarter and full year 2023 financial results. Presented additional positive data from the ongoing Phase 1 trials of CUE-101 in first line (1L) human papillomavirus positive (HPV+) recurrent/metastatic head and neck squamous cell carcinoma (R/M HNSCC) in combination with ...

Drug Development and Clinical Trials - The company is developing a novel series of T cell engagers, termed Immuno-STAT™, aimed at selectively modulating disease-relevant T cells while minimizing side effects [143]. - Preliminary clinical data for CUE-101 and CUE-102 suggests a potential breakthrough in modulating cancer-specific T cells directly in patients [145]. - The IND process allows for investigational products to be shipped for clinical trials, but may face delays if the FDA raises concerns [166]. - Clinical trials are conducted under strict protocols and must be submitted to the FDA as part of the IND application [174]. - The FDA requires sponsors to develop a diversity action plan for each Phase 3 clinical trial to encourage diverse patient enrollment [183]. - The FDA issued draft guidance in June 2023 aimed at modernizing clinical trial design and conduct to facilitate medical product development [186]. - The company must submit annual progress reports detailing clinical trial results to the FDA within 60 days of the IND anniversary [191]. - The FDA conducts preliminary reviews of applications within 60 days and informs sponsors if an application is complete for substantive review [198]. - The FDA's Real-Time Oncology Review program allows for early submission of relevant clinical data, potentially expediting the approval process for oncology products [268]. - Project Optimus focuses on dose optimization in oncology drug development, allowing early discussions with the FDA to enhance efficacy and safety assessments [267]. - The FDA's accelerated approval pathway is commonly utilized for oncology drugs, emphasizing the importance of robust trial designs [264]. - The FDA's new provisions under FDORA require sponsors to have confirmatory clinical trials underway before accelerated approval is granted and to submit progress reports every six months [333]. - The FDA's draft guidance emphasizes the preference for randomized controlled trials over single-arm trials for oncology drugs to ensure robust efficacy and safety assessments [334]. - Conducting clinical trials outside the U.S. may result in additional delays and expenses, as the FDA may not accept data from these trials unless specific conditions are met [337]. - Regulatory agencies can delay or deny product approval for various reasons, including safety and efficacy concerns, differing data interpretations, and changes in approval policies [341]. Financial Performance and Revenue - The company has not commenced any commercial revenue-generating operations and will need to access substantial additional capital to fund growth and operations [145]. - The company has not recognized any development, regulatory, or commercial milestone revenue from collaboration arrangements to date [201]. - For the years ended December 31, 2023 and 2022, the company recognized revenue of approximately $324,000 and $1,245,000, respectively, related to the LG Chem Collaboration Agreement [229]. - The company received a $5.0 million non-refundable upfront payment from LG Chem and is eligible for additional payments of up to approximately $400.0 million based on milestone achievements [228]. - The Ono Collaboration and Option Agreement includes a $3.0 million upfront payment and reimbursement for research costs, capped at $2.1 million for the first 18 months [234]. - As of December 31, 2023, the company recognized revenue of approximately $5,166,000 related to the Ono Collaboration and recorded short-term research and development liabilities of approximately $2,112,000 [235]. - Collaboration revenue increased to approximately $5,490,000 in 2023 from $1,245,000 in 2022, a growth of about 341% driven by the Ono Collaboration and Option Agreement [239]. - The company has not generated commercial revenue from product sales to date, relying on collaboration agreements for revenue [237]. Expenses and Losses - Research and development expenses primarily consist of compensation costs, fees to consultants, and clinical trial costs related to drug product candidates [202]. - Research and development expenses rose to $40,802,000 in 2023 from $38,578,000 in 2022, an increase of about 5.8% [239]. - General and administrative expenses rose to approximately $16,680,000 in 2023 from $16,169,000 in 2022, an increase of about $511,000 primarily due to higher professional fees and employee compensation [240]. - Total operating expenses increased to $57,639,000 in 2023 from $54,470,000 in 2022, reflecting a rise of approximately 4% [239]. - Net loss for 2023 was $50,733,000 compared to a net loss of $53,010,000 in 2022, showing an improvement of about 4.3% [239]. - Net loss per common share improved to $(1.11) in 2023 from $(1.49) in 2022 [239]. - Stock-based compensation in general and administrative expenses was $3,687,000 for 2023, down from $4,615,000 in 2022, a decrease of approximately 20.1% [296][297]. - The company anticipates that research and development expenses will continue to rise due to ongoing clinical trials and potential future drug candidates [292]. Capital and Funding - The company maintains a full valuation allowance against its net deferred tax assets due to historical net operating losses, resulting in no provision for income taxes for the years ended December 31, 2023 and 2022 [215]. - Cash, cash equivalents, and marketable securities totaled approximately $48.5 million as of December 31, 2023, down from approximately $76.3 million in 2022, indicating a decrease of about 36.4% [307]. - The company sold 4,006,966 shares of common stock under the October 2021 ATM Agreement for proceeds of approximately $13.4 million in 2023, with total proceeds from this agreement reaching $37.0 million as of December 31, 2023 [310]. - The company has registered for sale up to $300 million of common stock, preferred stock, debt securities, and other financial instruments as of May 26, 2023 [309]. - The Loan Agreement, amended in April 2023, includes a floating interest rate and requires monthly interest payments, with all principal and interest due by December 1, 2025 [311]. - The company received approximately $30 million in gross proceeds from a private placement of common stock and warrants in November 2022, after deducting placement agent fees and expenses [316]. Competition and Regulatory Environment - The company faces significant competition from established competitors with greater financial and technical resources, which may impact its growth [159]. - The company is subject to extensive regulations governing the research, development, and approval of its drug product candidates, requiring substantial time and financial resources [161]. - The company is subject to ongoing regulatory requirements post-approval, including compliance with GMP regulations and reporting adverse reactions [273]. - The company may seek accelerated development pathways for drug product candidates, which could impact the timeline and costs associated with obtaining marketing approvals [329]. - Failure to obtain or maintain accelerated approval could lead to longer commercialization timelines and increased development costs, negatively impacting the company's competitive position [335].

BOSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Cue Biopharma, Inc. (NASDAQ:CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively modulate disease-specific T cells, announced today that the company's lead clinical asset, CUE-101, will be featured in a presentation at the 2024 Multi-disciplinary Head and Neck Cancers Symposium given by Alexander Dimitrios Colevas, M.D., a principal investigator at Stanford University participating in the CUE-101 clinical ...

Cue Biopharma, Inc. (NASDAQ:CUE) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Daniel Passeri - CEO Matteo Levisetti - Chief Medical Officer Anish Suri - President & Chief Scientific Officer Kerri-Ann Millar - CFO Conference Call Participants Reni Benjamin - JMP Securities Ted Tenthoff - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to the Cue Biopharma Third Quarter 2023 Earnings Call. At this time, all lines are in listen-only mode. Following ...

Financing Activities During the nine months ended September 30, 2023 and 2022, we generated cash from financing activities of $7,078,000 and $26,256,000, respectively, a decrease of $19,178,000. Cash from financing activities during the nine months ended September 30, 2023 consisted of cash proceeds from the sale of common stock pursuant to the October 2021 ATM Agreement of $7,605,000 net of sales agent commissions and fees, and cash proceeds from the exercise of stock options of $473,000. Cash from financi ...

Cue Biopharma, Inc. (NASDAQ:CUE) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Dan Passeri - Chief Executive Officer Anish Suri - President & Chief Scientific Officer Matteo Levisetti - Chief Medical Officer Kerri Millar - Chief Financial Officer Conference Call Participants Ted Tenthoff - Piper Sandler Ren Benjamin - JMP Securities Operator Greetings, and welcome to the Cue Biopharma Investor Update Call. At this time, all participants are in a listen-only mode. A question ...

| --- | --- | --- | --- | --- | |-------------------------------------|-------|-----------------------|------------|---------------------| | | | June 30, 2023 \n(in | thousands) | December 31, 2022 | | Laboratory equipment | $ | 5,205 | $ | 5,246 | | Furniture and fixtures | | 81 | | 81 | | Computer and office equipment | | 296 | | 296 | | Leasehold improvements | | 118 | | 118 | | | | 5,699 | | 5,741 | | Less accumulated depreciation | | (4,507 | ) | (4,242 ) | | Net property and equipment | $ | 1,192 | $ ...