Enlivex Therapeutics .(ENLV)
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Enlivex Therapeutics .(ENLV) - 2024 Q4 - Annual Report
2025-04-30 20:30
Financial Performance - The company reported a loss attributable to holders of ordinary shares of $15 million for the year ended December 31, 2024, compared to a loss of $29 million for 2023[30]. - As of December 31, 2024, the company had an accumulated deficit of approximately $127.1 million[30]. - The clinical-stage nature of the company means it has a history of operating losses and expects to incur additional losses in the future[30]. - The company has not generated any revenue from Allocetra™ or any other product candidate and may never be profitable[32]. - The company has funded operations primarily through public and private offerings of ordinary shares, warrants, and convertible debt[30]. - Significant additional capital will be required to fund operations and develop the product candidate Allocetra™, with no committed external sources of funds currently available[35][36]. - The company has not yet commercialized any products and may never achieve profitability, depending on regulatory approvals and market acceptance[40][41]. Research and Development - The company expects to continue incurring significant research and development expenses as it advances clinical studies and potentially pursues additional indications[31]. - The company has focused substantially all efforts on Allocetra™, which is currently being developed for osteoarthritis[30]. - The lead product candidate, Allocetra™, is being developed for osteoarthritis, with the regulatory approval process being long, complex, and costly[49][50]. - The company is conducting additional trials for Allocetra in end-stage knee osteoarthritis, basal thumb osteoarthritis, psoriatic arthritis, and temporomandibular joint osteoarthritis[194]. - The ongoing double-blind Phase II trial is statistically powered to assess the efficacy of Allocetra injections at the highest dose used in the Phase I stage, with recruitment completed in April 2024[194]. - In 2024, the company reported positive interim results from a Phase I/II trial for Allocetra in moderate to severe knee osteoarthritis, showing statistically significant improvements in pain, functionality, and stiffness at three and six months post-treatment[194]. - A Phase I/II trial for end-stage knee osteoarthritis patients indicated for knee replacement surgery has shown a 64% reduction in average reported pain at three months, with 89% of patients opting against surgery[206]. Regulatory and Compliance Risks - The company is focused on obtaining regulatory approvals in various countries for its product candidates, particularly Allocetra™[50]. - The complexity and expense of the clinical trial process may lead to delays or failures, impacting the ability to submit a Biologics License Application (BLA) to the FDA or a Marketing Authorization Application (MAA) to the EMA[56]. - Regulatory authorities may suspend clinical trials if participants are exposed to unacceptable health risks, delaying potential regulatory approval and revenue generation[58]. - Approval of a BLA or similar application is lengthy and uncertain, with potential delays due to regulatory agency requirements for additional studies[60]. - The clinical trial process is subject to rigorous regulatory requirements, and any changes in these requirements could delay development timelines and increase costs[64]. Market and Competitive Landscape - The demand for the company's products and the acceptance by the medical community will significantly influence future revenue generation[41][53]. - The commercial success of Allocetra™ will depend on broad market acceptance, which is influenced by clinical safety and efficacy compared to other products[83]. - If Allocetra™ is approved for knee osteoarthritis, it will compete against existing successful treatments, necessitating a demonstration of superior cost, safety, and efficacy[106]. - The company faces intense competition from larger pharmaceutical and biotechnology firms, which may have more resources and experience in drug development and commercialization[104]. Financial and Operational Challenges - The company anticipates incurring significant costs associated with the commercialization of Allocetra™ if approved[33]. - The company may incur substantial costs in pursuing future financing, including investment banking and legal fees, which could adversely impact financial condition[38]. - The company may need to hire additional personnel and establish sales and marketing capabilities to effectively market its product candidates[34]. - The company may struggle to obtain adequate product liability insurance, which could result in significant financial burdens if claims exceed coverage limits[113]. - The company incurs significant costs related to compliance as a public entity, including legal and accounting expenses, which may hinder its ability to attract qualified board members and executive officers[119]. Intellectual Property Risks - The company faces risks related to intellectual property, including the uncertainty of patent issuance and potential challenges to existing patents, which could impact competitive advantage[128][129]. - The complexity and uncertainty of patent protection for pharmaceutical products may hinder the company's ability to secure and enforce its intellectual property rights effectively[137]. - There is uncertainty regarding the strength and breadth of issued patents, which may not adequately prevent competition from similar products[139]. - The company has not filed patent applications in many significant markets, including South America and Africa, due to uncertainty in patent protection laws[141]. External Factors and Geopolitical Risks - The ongoing political and military instability in Israel may adversely affect the company's operations and financial condition[170]. - The company’s commercial insurance does not cover losses from events related to the security situation in the Middle East, which could materially impact its business[173]. - The business is subject to risks from geopolitical tensions and economic instability, which may adversely affect operations and financial condition[48]. Cybersecurity and Data Protection - Cybersecurity risks are significant, with potential breaches compromising proprietary information and adversely affecting business operations[107]. - The costs of mitigating cybersecurity risks are expected to increase, including expenses for cybersecurity services and compliance with data protection laws[110]. - The company relies on trade secrets and confidentiality agreements to protect proprietary information, but these measures may not be fully effective[148]. Shareholder and Market Considerations - The trading price of the company's ordinary shares is likely to be volatile, influenced by factors such as clinical trial results and regulatory approvals[156]. - The liquidity of the company's ordinary shares is limited, potentially leading to greater price volatility and difficulty in liquidating investments[160]. - Principal shareholders, directors, and officers own approximately 13.87% of the outstanding ordinary shares, allowing them to exert significant influence over shareholder matters[162]. - The company may seek additional capital through private and public equity offerings, debt financings, and collaborations, which could result in dilution of existing shareholders[163].
Enlivex Therapeutics to Showcase Allocetra's Potential in Osteoarthritis at OARSI 2025 World Congress
GlobeNewswire News Room· 2025-04-23 12:30
Core Insights - Enlivex Therapeutics is presenting two poster abstracts at the OARSI 2025 World Congress, focusing on Allocetra™ as a novel therapeutic approach for osteoarthritis [1][2] - The company emphasizes the potential of Allocetra™ to restore macrophage homeostasis, addressing chronic joint inflammation and cartilage degradation [2] Company Overview - Enlivex Therapeutics is a clinical-stage company specializing in macrophage reprogramming immunotherapy, developing Allocetra™, an off-the-shelf cell therapy aimed at reprogramming macrophages to a homeostatic state [7] - The company believes that resetting non-homeostatic macrophages is crucial for immune system rebalancing and resolving debilitating conditions [7] Clinical Data - Allocetra™ has shown favorable safety and promising efficacy in Phase I/II studies for moderate and end-stage osteoarthritis, including significant pain reduction and improved joint function [3] - The therapy has demonstrated the potential to avoid knee replacement surgery, supported by preclinical studies on its mechanism of action in modulating macrophage-driven inflammation [3] Conference Details - The presentations at OARSI 2025 will include data from both preclinical and clinical studies evaluating Allocetra™ in osteoarthritis patients [2] - Specific sessions include a Flash Talk on April 26, 2025, and poster sessions on April 25 and 26, 2025, showcasing the biological activity of Allocetra™ [8]
Enlivex Announces Completion of Enrollment In The Phase II stage Of Its Phase I/II Trial Evaluating Allocetra In Patients With Moderate To Severe Knee Osteoarthritis
GlobeNewswire News Room· 2025-04-21 12:30
Core Insights - Enlivex Therapeutics has completed patient enrollment for the Phase II stage of its clinical trial for Allocetra™ in treating moderate to severe knee osteoarthritis, involving a total of 133 patients [1][2][3] - The company aims to release topline data by August 2025, following promising initial efficacy results from the Phase I stage [2][3] Company Overview - Enlivex is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, which is designed to restore macrophages to their homeostatic state [5] - The company emphasizes the potential of Allocetra™ to transform osteoarthritis treatment, addressing a significant unmet medical need [2][4] Clinical Trial Details - The Phase I/II trial consists of a safety run-in and a double-blind, randomized, placebo-controlled Phase II stage, with an independent data safety and monitoring board overseeing safety evaluations [3] - Positive interim results from the Phase I stage showed significant improvements in key efficacy endpoints without safety issues [3] Osteoarthritis Context - Osteoarthritis affects over 32.5 million Americans and more than 300 million people globally, with projections indicating that 78 million Americans will have the condition by 2040 [4] - The disease leads to significant healthcare burdens, including over one million hospitalizations annually in the U.S. for joint replacements, highlighting the critical need for effective treatments [4]
Enlivex Announces Completion of Enrollment In The Phase II stage Of Its Phase I/II Trial Evaluating Allocetra In Patients With Moderate To Severe Knee Osteoarthritis
Newsfilter· 2025-04-21 12:30
Company Overview - Enlivex Therapeutics Ltd. is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, a universal cell therapy aimed at reprogramming macrophages to their homeostatic state [5]. Clinical Trial Progress - The company has completed patient enrollment for the Phase II stage of its randomized, controlled, blinded Phase I/II trial of Allocetra™ in patients with moderate to severe knee osteoarthritis, involving a total of 133 patients [1][3]. - The Phase I stage provided promising initial efficacy data, with significant improvements in key efficacy endpoints and no safety issues reported for the first 12 patients treated [2][3]. Future Expectations - Enlivex aims to release topline data from the Phase II trial, including full 3-month endpoints, by August 2025 [2][3]. Osteoarthritis Context - Osteoarthritis is the most common form of arthritis, affecting over 32.5 million Americans and more than 300 million individuals globally, with projections indicating that 78 million Americans will have osteoarthritis by 2040 [4]. - The condition leads to significant healthcare burdens, with over one million hospitalizations annually in the U.S. primarily for total joint replacement, highlighting the critical need for effective treatments [4].
Enlivex Announces the Dosing of the First Patient in a Phase I Trial Evaluating Allocetra in Patients with TMJ Osteoarthritis
Newsfilter· 2025-04-03 12:00
Company Overview - Enlivex Therapeutics Ltd. is a clinical-stage company focused on macrophage reprogramming immunotherapy, specifically developing Allocetra™ [1][6] - Allocetra™ is designed as a universal, off-the-shelf cell therapy aimed at restoring macrophage homeostasis, which is critical for immune system balance and addressing life-threatening conditions [4][6] Clinical Trial Announcement - The first patient has been dosed in a Phase I trial to evaluate the safety, tolerability, and initial efficacy of Allocetra™ for treating temporomandibular joint (TMJ) osteoarthritis [1][3] - The trial is being conducted by the Rheumatology Unit and the Department of Oral and Maxillofacial Surgery at Sheba Medical Center, which is ranked among the top 10 hospitals globally [2] Trial Details - The trial aims to recruit six patients who have not adequately responded to conventional therapies for TMJ osteoarthritis [3] - Primary safety endpoints will measure the frequency and severity of adverse events, while efficacy endpoints will assess changes in TMJ pain, joint functionality, and other disease parameters over 12 months [3] TMJ Osteoarthritis Insights - TMJ disorders affect 5% to 12% of the global population, with an annual health cost estimated at $4 billion [5][8] - TMJ osteoarthritis is the most common form of arthritis in the TMJ, leading to pain and stiffness, and currently lacks effective long-term treatments [5][8]
Enlivex Receives Notice of Allowance for Chinese Patent Application Covering the Use of Allocetra in Patients with Osteoarthritis
Globenewswire· 2025-03-17 12:00
Company Overview - Enlivex Therapeutics Ltd. is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, a universal cell therapy aimed at reprogramming macrophages to their homeostatic state [4]. Patent and Intellectual Property - The China National Intellectual Property Administration (CNIPA) has issued a notice of allowance for Enlivex's patent application number 2020800620493, which will provide intellectual property protection in China until at least 2040 for methods using Allocetra™ to treat osteoarthritis [1]. - The company anticipates that the patent will be officially issued in the first half of 2025 [1]. Clinical Trial Results - Enlivex reported positive interim data from a Phase I/II trial of Allocetra™ in patients with moderate to severe knee osteoarthritis, showing a statistically significant average pain reduction of 47.0% (P=0.0001) compared to baseline [6]. - The trial also indicated a 46% improvement in joint function and a 40% improvement in joint stiffness, with 83% of patients still considered responders after six months [6]. Osteoarthritis Context - Osteoarthritis is the most common form of arthritis, affecting over 32.5 million Americans and more than 300 million people globally, with projections indicating that 78 million Americans will have the condition by 2040 [3]. - The disease leads to significant healthcare burdens, including over one million hospitalizations annually in the U.S. for total joint replacement, highlighting the critical need for effective treatments [3].
Enlivex Therapeutics Announces Investor Webinar to Discuss Positive Interim Data from Phase I/II Allocetra™ Trial in Knee Osteoarthritis
Newsfilter· 2025-03-04 21:30
Core Insights - Enlivex Therapeutics Ltd. is hosting a live investor webinar on March 5, 2025, to discuss positive interim six-month data from its Phase I/II Allocetra™ trial for knee osteoarthritis [1][4] Group 1: Trial Results - The interim results from the Allocetra™ trial showed a statistically significant 47.0% average reduction in reported pain (P=0.0001) and a 46% improvement in joint function at six months post-treatment [2] - 83% of treated patients were still considered responders to treatment at six months, indicating the durability and sustained efficacy of Allocetra™ [2][3] - No serious adverse events were reported, reinforcing the favorable safety profile of Allocetra™ [2] Group 2: Company Commitment - The CEO of Enlivex expressed excitement about the promising interim results, highlighting Allocetra™'s potential to provide meaningful and sustained pain relief for patients with moderate to severe knee osteoarthritis [3] - The company remains committed to advancing this innovative therapy to unlock its full potential for millions of patients worldwide [3] Group 3: Webinar Details - The webinar will feature a detailed review of the interim results and will include a live Q&A session [4] - Interested investors can register for the free webinar through the provided link [4]
Enlivex Announces Positive Interim Data – Statistically Significant 47.0% Durable and Persistent Pain Reduction At Six Months, in Patients with Moderate to Severe Knee Osteoarthritis
GlobeNewswire News Room· 2025-03-03 13:22
Core Insights - Enlivex Therapeutics Ltd. announced positive interim six-month efficacy data from the Phase I stage of its Allocetra™ trial for knee osteoarthritis, showing significant pain reduction and improved functionality [1][2][4] Company Overview - Enlivex is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, a universal cell therapy aimed at reprogramming macrophages to restore immune balance [6] Clinical Trial Details - The Phase I/II trial consists of two stages: the completed Phase I safety run-in and the ongoing Phase II double-blind, randomized, placebo-controlled trial [1][3] - The Phase I stage demonstrated a 47.0% average reduction in reported pain and significant improvements in functionality and stiffness, with 83% of patients still responding to treatment after six months [2][4] Efficacy Results - The six-month interim results showed a 51.2% reduction in WOMAC pain, a 46% improvement in WOMAC function, and a 40% improvement in WOMAC stiffness, indicating durable efficacy [2][4] - The safety profile of Allocetra™ remained consistent, with no serious adverse events reported [2][4] Osteoarthritis Context - Osteoarthritis is the most common form of arthritis, affecting over 32.5 million Americans and projected to reach 78 million by 2040, highlighting the critical need for effective treatments [4][5]
Enlivex Issues Urgent Statement on Fraudulent News Dissemination
Newsfilter· 2025-02-18 11:20
Core Viewpoint - Enlivex Therapeutics Ltd. has denied false claims made by Tipranks.com regarding the suspension of its stock trading due to an internal investigation, asserting that the company continues to operate normally and its shares are trading regularly on both the Tel Aviv Stock Exchange and NASDAQ [1][2]. Company Operations - The company emphasizes that it is executing its operating plan and is optimistic about the potential of its product Allocetra™ to provide treatment solutions for osteoarthritis patients, who currently have limited options [3]. - Enlivex is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, which aims to reset non-homeostatic macrophages to their homeostatic state, crucial for immune system rebalancing [4]. Legal Actions - The CEO of Enlivex has stated that the company will pursue legal actions against those responsible for the false report, including the publishers and hosting service of Tipranks.com [3]. Investor Communication - The company urges investors to rely solely on official communications, including press releases and filings with the U.S. Securities and Exchange Commission, for accurate information [2].
Enlivex Receives Regulatory Authorization for the Initiation of a Phase I Trial Evaluating Allocetra in Patients with TMJ Osteoarthritis
GlobeNewswire News Room· 2024-12-11 13:30
Core Viewpoint - Enlivex Therapeutics Ltd. has received authorization from the Israeli Ministry of Health to initiate a Phase I trial for Allocetra™ in patients with temporomandibular joint (TMJ) osteoarthritis, aiming to evaluate its safety, tolerability, and initial efficacy [1][3]. Company Overview - Enlivex is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™, a universal, off-the-shelf cell therapy designed to restore macrophages to their homeostatic state [4][6]. - The company aims to address unmet medical needs in various conditions, including solid cancers and sepsis, by reprogramming non-homeostatic macrophages [4][6]. Industry Context - TMJ disorders are the second most common musculoskeletal condition, affecting 5% to 12% of the global population, with an estimated annual health cost of $4 billion [5]. - TMJ osteoarthritis is the most prevalent form of arthritis in the TMJ, leading to significant pain and functional impairment, and currently lacks effective long-term treatment options [5]. Clinical Trial Details - The Phase I trial will be conducted by the Rheumatology Unit at Sheba Medical Center, which is recognized among the top 10 hospitals globally [2]. - The trial aims to recruit six patients who have not responded adequately to conventional treatments, with primary endpoints focusing on safety and secondary endpoints assessing pain and joint functionality over 12 months [3].