Aptevo Therapeutics Secures $60 Million Equity Line of Credit to Support Multispecific Portfolio Advancement, Increase Strategic Optionality

Core Insights - Aptevo Therapeutics has entered into a $60 million equity line of credit (ELOC) agreement with Yorkville Advisors Global, LP, enhancing its financial flexibility and extending its funding runway into 2029 [1][2][3] Financial Flexibility - The ELOC allows Aptevo to raise funds incrementally at its discretion under market-based conditions, providing affordable capital financing with minimal fees and no warrants [2][3] - The combination of the ELOC and cash on hand is projected to fund the company for three years, allowing for the achievement of key clinical and preclinical milestones [1][3] Clinical Development - Aptevo's portfolio includes five CD3-engaging assets, with mipletamig being a first-in-class CD123 x CD3 bispecific currently evaluated in a Phase 1b/2 trial for frontline acute myeloid leukemia (AML) [5][7] - Mipletamig has shown high remission rates and a favorable safety profile in over 100 patients across three trials, with no observed cytokine release syndrome events [5][6] Pipeline and Innovation - The company is advancing a portfolio of tumor-directed CD3 programs, including bispecific candidates for prostate cancer and solid tumors, utilizing proprietary CRIS-7-derived CD3 binding domains [6][7] - Aptevo has two clinical candidates and six preclinical candidates targeting various solid tumors, all developed from its ADAPTIR and ADAPTIR-FLEX platforms [7]