SAB Biotherapeutics(SABS)
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SAB BIO Appoints Lucy To as Chief Financial Officer
Newsfilter· 2024-07-31 11:30
Core Insights - SAB Biotherapeutics has appointed Lucy To as Chief Financial Officer, effective August 12, 2024, bringing over 18 years of investment banking and strategic operational expertise to the company [6] - The company is focused on developing SAB-142, a therapeutic aimed at delaying the onset and progression of type 1 diabetes (T1D), with top-line Phase 1 data expected by the end of 2024 [1][6] - SAB utilizes a novel immunotherapy platform that generates human immunoglobulins without the need for human donors, targeting serious unmet needs in immune and autoimmune disorders [2] Company Overview - SAB BIO is a clinical-stage biopharmaceutical company developing high-potency immunoglobulins (IgGs) to treat immune and autoimmune disorders [2] - The lead asset, SAB-142, employs a disease-modifying therapeutic approach to change the treatment paradigm for T1D [2] - The company’s DiversitAb™ drug development system leverages advanced genetic engineering to produce a diverse range of specifically targeted human IgGs [2] Leadership and Strategy - Lucy To's role will encompass corporate finance, corporate strategy, and broader strategic business relationships [6] - The company aims to deliver value to shareholders while transforming the landscape of T1D treatment [1]
SAb Biotherapeutics Rebrands as SAB BIO
Newsfilter· 2024-06-20 11:20
New name, logo and website updates, stock symbol will remain SABS MIAMI, June 20, 2024 (GLOBE NEWSWIRE) -- SAB Biotherapeutics (NASDAQ:SABS) (the "Company" or "SAB"), a clinical-stage biopharmaceutical company with a novel immunotherapy platform developing a human anti-thymocyte immunoglobulin (hIgG) for delaying the onset or progression of type 1 diabetes (T1D), today announced its new name, SAB BIO, and visual identity to more closely align with its mission to treat and prevent immune and autoimmune disor ...
SAB Biotherapeutics to Present at the American Diabetes Association 84th Scientific Sessions
Newsfilter· 2024-06-18 17:10
Core Viewpoint - SAB Biotherapeutics is advancing its clinical-stage biopharmaceutical product, SAB-142, aimed at delaying the onset or progression of type 1 diabetes (T1D) and will present findings at the ADA 84th Scientific Sessions in June 2024 [1][2] Company Overview - SAB Biotherapeutics focuses on developing human immunoglobulins (IgGs) for treating immune and autoimmune disorders without relying on human donors or convalescent plasma [12] - The company's lead asset, SAB-142, is designed to modify the disease progression of T1D, potentially changing the treatment paradigm [12] Product Details - SAB-142 is a fully human alternative to rabbit anti-thymocyte globulin (ATG), which has shown efficacy in slowing disease progression in clinical trials for T1D [3][10] - The mechanism of action for SAB-142 involves targeting immune cells that destroy pancreatic beta cells, aiming to preserve insulin production [4] - Unlike rabbit ATG, SAB-142 is expected to minimize adverse immune reactions, allowing for safer and more consistent re-dosing [4] Clinical Development - Following FDA IND clearance in May 2024, the company is expanding its clinical program for SAB-142 [11] - The ADA 84th Scientific Sessions will feature a poster presentation on the assessment of tolerance and safety for SAB-142, highlighting its potential in diabetes treatment [2][9]
SAB Biotherapeutics Announces Departure of Chief Financial Officer
Newsfilter· 2024-05-30 20:45
Core Insights - SAB Biotherapeutics announced the departure of CFO Michael King, who will take on a CEO role at a privately-held oncology company, effective June 4, 2024, while remaining an advisor until the end of the year [1][3] - The Board of Directors has initiated a search for a permanent CFO, with Mark Conley serving as Interim CFO during this transition [2] - The company reaffirmed its fiscal year 2024 outlook and upcoming milestones, including a topline data readout from its Phase 1 study of lead candidate SAB-142 [4] Company Overview - SAB Biotherapeutics is a clinical-stage biopharmaceutical company focused on developing human, multi-targeted, high-potency immunoglobulins (IgGs) for treating immune and autoimmune disorders, specifically targeting type 1 diabetes (T1D) with its lead asset SAB-142 [5] - The company utilizes advanced genetic engineering and antibody science to produce a diverse range of specifically targeted, high-potency human IgGs without the need for human donors or convalescent plasma [5]
FDA Provides Clearance to IND Application for Type 1 Diabetes Therapy SAB-142 by SAB Biotherapeutics
Newsfilter· 2024-05-21 11:15
Core Insights - The U.S. FDA has cleared SAB Biotherapeutics' IND application for SAB-142, a therapy aimed at treating type 1 diabetes (T1D) [1][3] - The ongoing HUMAN trial will generate data for a future Phase 2B trial, focusing on safety, tolerability, pharmacokinetics, and pharmacodynamics of SAB-142 [2][3] Company Overview - SAB Biotherapeutics is a clinical-stage biopharmaceutical company developing human anti-thymocyte immunoglobulin (hIgG) to delay T1D onset or progression [1][7] - The company utilizes advanced genetic engineering to produce high-potency immunoglobulins without the need for human donors or convalescent plasma [7][8] Trial Design - Phase 1 of the SAB-142 trial is a randomized, double-blind, placebo-controlled study with a dose range from 0.03 mg/kg to 2.5 mg/kg [3] - The trial aims to validate the safety and immunogenicity profile of SAB-142, with no observed serum sickness in the third cohort [3][4] Mechanism of Action - SAB-142 is designed to target immune cells that destroy pancreatic beta cells, similar to rabbit anti-thymocyte globulin (ATG), but aims to avoid adverse immune reactions associated with animal-derived treatments [6][4] - Previous clinical trials have shown that rabbit ATG can slow beta cell destruction and preserve insulin production, which is critical for blood sugar regulation [5][6]
SAB Biotherapeutics Announces Q1 2024 Financial Results and Provides Company Updates
Newsfilter· 2024-05-20 21:45
Core Insights - SAB Biotherapeutics, Inc. is focused on developing human anti-thymocyte immunoglobulin (hIgG) to delay the onset or progression of type 1 diabetes (T1D) [1][5] - The company reported financial results for Q1 2024, highlighting a net loss of $4.0 million and a cash position of $45.2 million as of March 31, 2024 [4][6] Company Updates - The company appointed Dr. Jay Skyler, a renowned T1D expert, to its Board of Directors, increasing the board size to 11 members, with 9 being independent [2] - SAB has transitioned its corporate headquarters to Miami, FL, while maintaining its Research and Development Campus in South Dakota [2] Pipeline and Milestones - SAB's partnership with INNODIA was showcased at an annual meeting in Belgium, where updates on SAB-142 were presented to global T1D partners [3] - The Phase 1 clinical development of SAB-142 is on track, with the third cohort fully enrolled and dosed without any observed serum sickness [3] Financial Performance - Cash, cash equivalents, and available-for-sale securities totaled $45.2 million as of March 31, 2024, down from $56.6 million as of December 31, 2023, primarily due to ongoing research expenses [6] - Research and Development expenses increased to $7.1 million in Q1 2024 from $4.5 million in Q1 2023, reflecting a focus on the autoimmunity space with SAB-142 [6] - General and Administrative expenses rose to $4.2 million in Q1 2024 from $3.4 million in Q1 2023, driven by increased headcount to support research activities [6] - Non-operating income surged to $6.4 million in Q1 2024 from $48,000 in Q1 2023, mainly due to changes in fair value of warrant liabilities and an Australian research and development tax credit [6] - The net loss for Q1 2024 was $4.0 million, translating to an earnings per share of $(0.43), compared to a net loss of $7.4 million and $(0.15) per share in Q1 2023 [6]
SAB Biotherapeutics(SABS) - 2024 Q1 - Quarterly Report
2024-05-20 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-39871 SAB BIOTHERAPEUTICS, INC. (Exact Name of Registrant as Specified in its Charter) De ...
SAB Biotherapeutics(SABS) - 2023 Q4 - Annual Results
2024-03-29 13:35
[FORM 8-K Filing Details](index=1&type=section&id=FORM%208-K%20Filing%20Details) This section details the registrant's identity, contact information, and securities filing status [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the core identification details for SAB Biotherapeutics, Inc. as the registrant, including its legal name, jurisdiction of incorporation, and primary contact information - Registrant Name: **SAB BIOTHERAPEUTICS, INC.**[2](index=2&type=chunk) - Jurisdiction of Incorporation: **Delaware**[2](index=2&type=chunk) - Principal Executive Offices: **2100 East 54th Street North, Sioux Falls, South Dakota 57104**[2](index=2&type=chunk) - Registrant's Telephone Number: **605 679-6980**[2](index=2&type=chunk) [Securities and Filing Status](index=1&type=section&id=Securities%20and%20Filing%20Status) This section outlines the company's registered securities and confirms its status as an emerging growth company, indicating specific regulatory considerations Registered Securities | Title of each class | Symbol(s) | Name of each exchange on which registered | | :------------------ | :-------- | :---------------------------------------- | | Common stock, $0.0001 par value per share | SABS | The Nasdaq Stock Market LLC | | Warrants, each exercisable for one share of Common Stock | SABSW | The Nasdaq Stock Market LLC | - **SAB Biotherapeutics, Inc.** is an Emerging Growth Company[5](index=5&type=chunk) - The registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards[6](index=6&type=chunk) [Current Report Items](index=3&type=section&id=Current%20Report%20Items) This section details the company's financial results announcement and lists accompanying exhibits [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) SAB Biotherapeutics, Inc. issued a press release on March 29, 2024, to announce its financial results for the year and quarter ended December 31, 2023, along with a corporate update. This press release is furnished as Exhibit 99.1 - Date of Report: **March 29, 2024**[2](index=2&type=chunk) - Press Release Date: **March 29, 2024**[7](index=7&type=chunk) - Content of Press Release: Financial results for the year and quarter ended **December 31, 2023**, and a corporate update[7](index=7&type=chunk) - Exhibit Reference: The press release is furnished as **Exhibit 99.1**[7](index=7&type=chunk) - Filing Status: The information in this item, including Exhibit 99.1, is furnished and not deemed 'filed' for Section 18 of the Exchange Act[8](index=8&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K filing, which include the press release detailing financial results and the interactive data file for the cover page Exhibits Filed | Exhibit Number | Description | | :------------- | :----------------------------------------------------------------------- | | 99.1 | Press Release of the Company, dated March 29, 2024 | | 104 | Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document. | [SIGNATURES](index=4&type=section&id=SIGNATURES) This section confirms the official signing of the Form 8-K report by the authorized executive [Report Signatures](index=4&type=section&id=Report%20Signatures) The Form 8-K report was duly signed on behalf of SAB Biotherapeutics, Inc. by its Chief Executive Officer, Samuel J. Reich, on March 29, 2024 - Signatory: **Samuel J. Reich**[13](index=13&type=chunk) - Title: **Chief Executive Officer**[13](index=13&type=chunk) - Date of Signature: **March 29, 2024**[13](index=13&type=chunk)
SAB Biotherapeutics(SABS) - 2023 Q4 - Annual Report
2024-03-28 21:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39871 October 12 SAB BIOTHERAPEUTICS, INC. (Exact name of Registrant as specified in its Charter) Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Delaware 85-3899721 (State or other ...
SAB Biotherapeutics(SABS) - 2023 Q3 - Quarterly Report
2023-11-13 21:48
OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 (Mark One) For the transition period from ___________________ to ___________________ Commission File Number: 001-39871 (Exact Name of Registrant as Specified in its Charter) Delaware 85-3899721 (Sta ...