Eterna Therapeutics (ERNA)
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Ernexa Therapeutics Strengthens Scientific and Medical Advisory Board with Appointment of Leading Oncologist Dr. Ira S. Winer, M.D.
Globenewswire· 2025-12-02 13:50
Core Insights - Ernexa Therapeutics has appointed Dr. Ira S. Winer to its Scientific and Medical Advisory Board, enhancing its expertise in women's oncology and immunotherapy [1][2][3] Company Overview - Ernexa Therapeutics is focused on developing innovative cell therapies for advanced cancer and autoimmune diseases, utilizing induced pluripotent stem cells (iPSCs) to create allogeneic induced mesenchymal stem cells (iMSCs) [7] - The company's lead product, ERNA-101, aims to activate the immune system to target cancer cells, with an initial focus on ovarian cancer [8] Leadership and Expertise - Dr. Winer is a recognized gynecologic oncologist and translational scientist, contributing significant clinical and research experience to Ernexa's mission [2][5] - His background includes a Ph.D. in cellular and molecular biology, emphasizing scientific innovation in gynecologic cancers [6] Strategic Goals - Ernexa aims to advance ERNA-101 through first-in-human trials and expand its pipeline into inflammatory and autoimmune indications, leveraging Dr. Winer's strategic guidance [3][4]
Ernexa Therapeutics to Present at Oxford Global’s Cell 2025
Globenewswire· 2025-11-11 12:00
Core Insights - Ernexa Therapeutics is set to present at Cell 2025, focusing on innovations in cell therapies for advanced cancer and autoimmune diseases [1][3] - The presentations will emphasize the importance of smart trial design and early regulatory engagement to accelerate clinical progress in cell therapy development [1][2] Company Overview - Ernexa Therapeutics (NASDAQ: ERNA) specializes in developing innovative cell therapies, particularly through engineering induced pluripotent stem cells (iPSCs) into induced mesenchymal stem cells (iMSCs) [4] - The company’s lead product, ERNA-101, aims to activate the immune system to target cancer cells, with a specific focus on ovarian cancer treatment [5] Event Details - The Cell 2025 event will take place on November 11-12, 2025, in London, UK, and is a key gathering for professionals in bioprocessing and advanced therapies [3] - Sanjeev Luther, President and CEO of Ernexa, will participate in a panel discussion addressing funding, innovation, and regulatory strategies for advancing their iMSC platform [2]
Ernexa Therapeutics Reports Strong Quarterly Performance, Highlighting Operational Execution and Progress Toward First-in-Human Cell Therapy Trials
Globenewswire· 2025-11-10 13:35
Core Insights - Ernexa Therapeutics reported a significant reduction in operating losses, with a 44% decline year-over-year, indicating effective operational execution and financial discipline [1][11] - The company is advancing its lead program, ERNA-101, towards a first-in-human Phase 1 study in platinum-resistant ovarian cancer, expected to commence in the second half of 2026 [1][6] - Ernexa has established a partnership with Cellipont Bioservices to enhance the development of ERNA-101, alongside reporting substantial year-over-year financial performance improvements [3][4] Financial Performance - The operating loss for the three months ended September 30, 2025, decreased by $0.3 million, or 12%, from $2.3 million in the same period of 2024 to $2.0 million [11] - For the nine months ended September 30, 2025, the operating loss decreased by $5.8 million, or 44%, from $13.0 million in 2024 to $7.2 million [11] - General and administrative expenses saw a significant reduction, with a 72% decrease from $3.4 million to $1.0 million for the three-month period, primarily due to a decrease in rent and legal fees [11] Development Programs - Ernexa is utilizing synthetic, allogeneic induced mesenchymal stem cells (iMSCs) for scalable, off-the-shelf treatments, focusing on ovarian cancer and autoimmune diseases [4][8] - ERNA-101 is designed to secrete pro-inflammatory fusion cytokines and is currently in preclinical development for platinum-resistant ovarian cancer [5][9] - ERNA-201 targets inflammation and is in preclinical development for rheumatoid arthritis and other inflammatory diseases [5][9] Strategic Collaborations - The partnership with Cellipont Bioservices is a strategic move to advance ERNA-101 towards clinical trials [3][4] - A sponsored research agreement with MD Anderson Cancer Center aims to leverage MSCs' tumor-homing ability to enhance anti-tumor activity while minimizing systemic toxicity [6]
Eterna Therapeutics (ERNA) - 2025 Q3 - Quarterly Report
2025-11-07 21:30
Revenue and Loss - The company reported no revenue for the three and nine months ended September 30, 2025, compared to $0.487 million and $0.581 million for the same periods in 2024, respectively[132]. - The company experienced a loss from operations of $1.993 million for the three months ended September 30, 2025, compared to a loss of $2.259 million in 2024, reflecting an improvement of $266,000[132]. - The net loss for the three months ended September 30, 2025, was $1.240 million, a decrease of $25.364 million compared to a net loss of $26.604 million in 2024[132]. - A gain on extinguishment of debt of approximately $0.7 million was recognized for the three and nine months ended September 30, 2025, compared to a loss of $22.4 million in the same periods of 2024[142][143]. Research and Development - Research and development expenses for the three months ended September 30, 2025, were $1.035 million, a slight increase of $34, compared to $1.001 million in 2024[135]. - Total research and development expenses for the nine months ended September 30, 2025, were $3.480 million, an increase of $34 from $3.446 million in 2024[136]. - Research and development expenses increased due to higher consulting services and costs associated with ERNA-101 and ERNA-201 studies, offset by reduced license fees and payroll-related costs[137]. - The company is focused on developing its lead product candidate ERNA-101 for platinum-resistant ovarian cancer, with IND submission expected by 2026[120]. - The company is also investigating ERNA-201 for inflammatory/auto-immune disorders, aiming to enhance anti-inflammatory effects[121]. General and Administrative Expenses - General and administrative expenses decreased significantly to $958,000 for the three months ended September 30, 2025, down from $3.381 million in 2024, a reduction of $2.423 million[132]. - General and administrative expenses for the three months ended September 30, 2025 decreased by approximately $2.4 million to $958,000 from $3.4 million in the same period of 2024, primarily due to reduced rent, professional fees, and stock-based compensation[138]. - For the nine months ended September 30, 2025, general and administrative expenses decreased by $7.8 million to $3.7 million from $11.6 million in the same period of 2024, attributed to the termination of a sublease and reductions in professional fees and payroll-related expenses[139]. Cash Flow and Financing - As of September 30, 2025, the company had cash of approximately $3.0 million and an accumulated deficit of approximately $244.1 million, with a net loss of $1.2 million for the three months and $12.6 million for the nine months ended September 30, 2025[153]. - Cash used in operating activities for the nine months ended September 30, 2025 was $5.9 million, a decrease of $6.4 million compared to $12.3 million in the same period of 2024[159][160]. - The company raised $7.2 million in gross proceeds from the sale of shares and prefunded warrants during the nine months ended September 30, 2025[155]. - Net cash provided by financing activities for the nine months ended September 30, 2025, was $2.3 million from promissory notes and $4.9 million from the 2025 SPA, net of $2.3 million receivable from a related party[162]. - For the nine months ended September 30, 2024, net cash provided by financing activities included $5.3 million from convertible notes issuance and bridge note financing[162]. Accounting and Regulatory Matters - There were no significant changes in critical accounting estimates during the three and nine months ended September 30, 2025, compared to the previous year[164]. - The company currently has no off-balance sheet arrangements as defined under SEC rules[163]. - As a smaller reporting company, the company is not required to provide additional market risk disclosures[166]. - The company expects to incur state income tax liabilities in 2025 and has established a full valuation allowance for all deferred tax assets[151]. - The company does not have sufficient capital to fund operations for the next 12 months and may need to reevaluate operations or seek additional capital[156][158]. Other Agreements - The company has entered into an Assignment Agreement with Factor Bioscience, which will pay the company 30% of amounts received from a customer sublicense[124]. - A gain on lease termination of approximately $1.6 million was recognized for the three and nine months ended September 30, 2024, with no similar transaction in 2025[140]. - For the nine months ended September 30, 2025, the company recognized $5.8 million related to a forward sales contract, with $5.3 million recognized at contract inception due to fair value exceeding proceeds[141].
Ernexa Therapeutics Showcases Strategic Partnership with Cellipont Bioservices to Advance Toward First-in-Human Trials on Virtual Investor “What This Means” Platform
Globenewswire· 2025-11-06 14:15
Core Insights - Ernexa Therapeutics is advancing its lead cell therapy ERNA-101 for ovarian cancer through a partnership with Cellipont Bioservices [3] - The company specializes in innovative cell therapies targeting advanced cancer and autoimmune diseases, utilizing induced pluripotent stem cells (iPSCs) [4] Company Overview - Ernexa Therapeutics (NASDAQ: ERNA) focuses on developing novel cell therapies for advanced cancer and autoimmune diseases [4] - The company's technology involves engineering iPSCs into induced mesenchymal stem cells (iMSCs), providing scalable treatment solutions without the need for patient-specific cell harvesting [4] Product Details - ERNA-101 is designed to activate and regulate the immune system's response to recognize and attack cancer cells [5] - ERNA-201 targets inflammation to treat autoimmune diseases, with the initial focus on developing ERNA-101 for ovarian cancer [5]
Analysis of Top Stock Gainers in Recent Market Movements
Financial Modeling Prep· 2025-10-29 22:00
Group 1: Stock Price Movements - Globalink Investment Inc. experienced a significant surge, with its stock price jumping to $0.09, marking a 581.82% increase, driven by heightened investor interest possibly due to speculative activities or potential business combination news [1][6] - Cambium Networks Corporation saw its stock price rise to $2.66, a 331.65% increase, attributed to the integration of its Cambium ONE Network solution with Starlink satellite Internet services, enhancing its growth prospects [2][6] - Purple Biotech Ltd. witnessed its stock price increase to $0.93, up by 59.74%, driven by promising updates on its clinical trials and strategic partnerships, particularly regarding its tri-specific antibody IM1240 [3][6] - Ernexa Therapeutics Inc. saw its price increase to $1.97, a 57.85% rise, influenced by investor optimism towards its innovative therapies and a partnership with Cellipont Bioservices for clinical trials [4][6] - VSee Health, Inc. experienced a 49.52% increase in its stock price to $0.17, reflecting growing investor interest in the telehealth sector amid ongoing healthcare trends [5] Group 2: Market Trends and Investor Sentiment - The stock movements underscore the dynamic nature of the market, where company-specific developments, sector trends, and broader economic factors significantly impact stock prices [5] - Investors and analysts closely monitor such changes to gauge market sentiment and identify potential investment opportunities [5]
Cellipont Bioservices and Ernexa Therapeutics Enter Cell Therapy Manufacturing Partnership to Advance ERNA-101 Toward Clinical Trials in Ovarian Cancer
Prnewswire· 2025-10-29 12:33
Core Insights - Cellipont Bioservices has entered into a collaboration with Ernexa Therapeutics to advance ERNA-101, a cell therapy for ovarian cancer, into clinical manufacturing and trials [1][2][3] Company Overview - Cellipont Bioservices is a leading Contract Development and Manufacturing Organization (CDMO) specializing in cell therapies, offering comprehensive solutions from process development to large-scale commercial manufacturing [4] - Ernexa Therapeutics focuses on developing innovative cell therapies for advanced cancer and autoimmune diseases, utilizing induced pluripotent stem cells (iPSCs) to create induced mesenchymal stem cells (iMSCs) [5][6] Technology and Product Development - ERNA-101 is designed to activate and regulate the immune system's response to cancer cells, with the potential to convert "cold" tumors into "hot" tumors, enhancing immune cell infiltration and suppressing tumor growth [3][6] - The collaboration will support the current Good Manufacturing Practice (cGMP) development and scale-up of the ERNA-101 manufacturing process in preparation for clinical trials [3]
Ernexa Therapeutics to Deliver Company Presentation at the Annual Cell & Gene Meeting on the Mesa
Globenewswire· 2025-10-01 12:30
Core Insights - Ernexa Therapeutics is set to present at the Cell & Gene Meeting on the Mesa, highlighting its advancements in cell therapies for cancer and autoimmune diseases [1][2] - The company aims to showcase its scalable iMSC therapies, particularly focusing on ERNA-101 for ovarian cancer and ERNA-201 for autoimmune diseases [3][6] Company Overview - Ernexa Therapeutics specializes in innovative cell therapies targeting advanced cancer and autoimmune diseases, utilizing proprietary synthetic, allogeneic induced mesenchymal stem cell (iMSC) technology [6] - The lead product, ERNA-101, is designed to stimulate the immune system against cancer cells, while ERNA-201 targets inflammation in autoimmune diseases [7] Upcoming Presentation Details - The presentation will take place on October 7, 2025, at 2:45 p.m. in Phoenix, Arizona, and will also be available via virtual livestream [8] - Ernexa previously shared insights on iPSC developments at the Annual iPSC Drug Development Summit and presented new data on ERNA-101 at the AACR Special Conference [4] Industry Context - The Cell & Gene Meeting on the Mesa serves as a significant platform for discussing commercialization challenges in the cell and gene therapy sector, featuring expert panels and industry leaders [5]
Ernexa Therapeutics President & CEO Sanjeev Luther to Present on Expert Panel at 5th Annual iPSC Drug Development Summit
Globenewswire· 2025-09-29 12:30
Core Insights - Ernexa Therapeutics is participating in the 5th Annual iPSC Drug Development Summit, highlighting its innovative cell therapies for advanced cancer and autoimmune diseases [1][4] - The company is advancing a synthetic iMSC approach, which aims to provide scalable, allogeneic, off-the-shelf treatment options without the need for patient-specific cell harvesting [2][5] - Ernexa is developing two key products: ERNA-101 for ovarian cancer and ERNA-201 for autoimmune diseases, with recent data showing ERNA-101's potential to restore a "hot" immune microenvironment in high-grade serous ovarian cancer [3][6] Company Overview - Ernexa Therapeutics focuses on engineering induced pluripotent stem cells (iPSCs) into induced mesenchymal stem cells (iMSCs) to create innovative therapies for cancer and autoimmune diseases [5][6] - The lead product, ERNA-101, is designed to activate and regulate the immune system's response against cancer cells, while ERNA-201 targets inflammation in autoimmune diseases [6] Industry Context - The iPSC Drug Development Summit serves as a global forum for industry leaders, researchers, and innovators to discuss advancements in iPSC-based therapies [4] - The event will feature discussions on the investment landscape and novel opportunities within the iPSC space, indicating a growing interest and potential in this sector [8]
Ernexa Therapeutics to Present New Data in Oral Presentation at AACR Special Conference in Cancer Research
Globenewswire· 2025-09-17 12:30
Core Insights - Ernexa Therapeutics is advancing its lead program, ERNA-101, which is a synthetic, off-the-shelf cell therapy aimed at treating advanced ovarian cancer by activating and regulating the immune system [1][6] - The company will present preclinical data at the AACR Special Conference, highlighting the potential of engineered iPSC-derived MSCs to reshape the tumor microenvironment in ovarian cancer [2][3] - The presentation will be made by Dr. Michael Andreeff, a leading expert in cell therapy, emphasizing the importance of this research in expanding treatment options for patients [2][3] Company Overview - Ernexa Therapeutics focuses on developing innovative cell therapies for advanced cancer and autoimmune diseases, utilizing induced pluripotent stem cells (iPSCs) to create induced mesenchymal stem cells (iMSCs) [5][6] - The company's technology allows for scalable, allogeneic treatment solutions without the need for patient-specific cell harvesting [5] - ERNA-201 is another product aimed at treating inflammation and autoimmune diseases, but the primary focus remains on ERNA-101 for ovarian cancer [6] Upcoming Events - The oral presentation titled "Gene-modified iPS-derived MSC restore a 'Hot' immune microenvironment in high-grade serous ovarian cancer" is scheduled for September 20, 2025, at the Grand Hyatt Denver Hotel [8]