ROCKVILLE, MD, May 06, 2025 (GLOBE NEWSWIRE) -- MacroGenics, Inc. (Nasdaq: MGNX), a biopharmaceutical company focused on developing, manufacturing and commercializing innovative monoclonal antibody-based therapeutics for the treatment of cancer, today announced that the Company will release its financial results for the first quarter of 2025 after the market closes on Tuesday, May 13, 2025.  The Company will not be hosting a conference call to discuss its financial results or corporate progress for the quar ...

SIGA Tech则收涨11.07%，CorMedix涨11.70%，Pacira Pharmaceuticals涨14.71%。 | D 名称 ÷ | | 最新 ⇒ | 醫學 → | 磨促 ⇒ | 涨跌幅 ⇒ | 交易量 | 看涨 P | 时间 ÷ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ■ | 트 Pacira Pharmaceuticals | 26.28 | 27.64 | 25.51 | +14.71% | 3.7M | ■日 | 03:59:59 0 | | D | | | | | | | | | | | = CorMedix | 6.780 | 7.700 | 6.695 | +11.70% | 3.95M | 印刷台 | 03:59:59 0 | | D | SIGA Tech | 5.920 | 6.400 | 5.590 | +11.07% | 1.15M | ■■合 | 03:28:20 G | | L | 三 阿玛琳 | 0.430 | 0.460 | 0.396 | +5.34% | 3.05M | 图图 ...

Financial Data and Key Metrics Changes - MacroGenics reported total revenue of $150 million for the year ended December 31, 2024, compared to $58.7 million for the year ended December 31, 2023, representing a significant increase primarily due to a net increase of $85 million in revenue from milestones under the Incyte License Agreement [24][25] - Research and development expenses rose to $177.2 million in 2024 from $166.6 million in 2023, driven by increased costs related to MGC028 and lorigerlimab, offset by decreased costs from discontinued projects [25][26] - Selling, general, and administrative expenses increased to $71 million in 2024 from $52.2 million in 2023, influenced by an $8 million amendment fee related to the asset sale of MARGENZA [26] - The net loss for 2024 was $67 million, compared to a net loss of $9.1 million in 2023 [27] - Cash, cash equivalents, and marketable securities stood at $201.7 million as of December 31, 2024, down from $229.8 million in 2023, with an anticipated cash runway extending into the second half of 2026 [27][28] Business Line Data and Key Metrics Changes - The company achieved $118.9 million in revenue from collaborative and other agreements, $16.4 million from net sales, and $13.1 million from contract manufacturing in 2024 [25] - The ongoing LORIKEET Phase 2 trial for lorigerlimab has completed enrollment, with a primary endpoint of radiographic progression-free survival [10][11] Company Strategy and Development Direction - MacroGenics aims to advance its diverse clinical portfolio, focusing on antibody-based cancer treatments, with significant milestones achieved in 2024 [7][9] - The company plans to initiate the LINNET Phase 2 study for lorigerlimab in mid-2025, targeting unmet needs in ovarian cancer and clear cell gynecologic cancer [12] - The company is exploring potential partnerships for the vobra duo program while continuing to develop alternative anti-B7-H3 ADC MGC026 [22][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the progress made in 2024 and the potential for continued advancements in 2025, highlighting the importance of their innovative pipeline [29][31] - The board is actively searching for a successor to the CEO, with a commitment to support the company during the transition [31] Other Important Information - The company reported a $36.3 million gain from the sale of MARGENZA to TerSera Therapeutics [27] - Management emphasized the importance of ongoing clinical trials and the potential for new partnerships to enhance the company's growth trajectory [31] Q&A Session Summary Question: What are the gating factors to starting the LINNET study? - Management indicated that the standard-of-care for later-line ovarian cancer is low, with overall response rates of 10% to 15% for anti-PD-1 therapies, making the selected patient population critical for the study [35] Question: Can you discuss the rationale behind developing lorigerlimab in ovarian and clear cell gynecologic cancers? - Management noted that these cancers represent untreated areas for checkpoint inhibitors, and lorigerlimab targets T-cells in the tumor microenvironment, potentially offering better tolerability and efficacy [42][44] Question: How does the rPFS data for vobra duo clarify the path forward for MGC026? - Management stated that MGC026 is different from vobra duo, with a different linker and payload, and they believe it has the potential for activity beyond what was observed with vobra duo [50][51] Question: What are the expectations for the discontinuation rate in the LORIKEET study? - Management expects a better discontinuation rate than previous checkpoint inhibitors due to the well-tolerated nature of lorigerlimab [82] Question: How far along is the Phase 1 study for MGC028? - Management confirmed that the study just commenced a few weeks ago and is expected to progress quickly, with no pre-selection of patients based on ADAM9 expression at this stage [87][88]

Financial Data and Key Metrics Changes - MacroGenics reported total revenue of $150 million for the year ended December 31, 2024, compared to $58.7 million for the year ended December 31, 2023, representing a significant increase primarily due to a net increase of $85 million in revenue recognized from milestones achieved under the Incyte License Agreement [24][25] - Research and development expenses were $177.2 million for the year ending December 31, 2024, compared to $166.6 million for the year ending December 31, 2023, reflecting increased costs related to MGC028 and lorigerlimab [25][26] - The net loss was $67 million for the year ended December 31, 2024, compared to a net loss of $9.1 million for the year ended December 31, 2023 [27] - Cash, cash equivalents, and marketable securities balance as of December 31, 2024, was $201.7 million, down from $229.8 million as of December 31, 2023, with an anticipated cash runway extending into the second half of 2026 [27][28] Business Line Data and Key Metrics Changes - Revenue from collaborative and other agreements was $118.9 million, with net sales contributing $16.4 million and contract manufacturing revenue at $13.1 million for the year ended December 31, 2024 [25] - The company plans to initiate the LINNET Phase 2 study for lorigerlimab, targeting unmet needs in platinum-resistant ovarian cancer and clear cell gynecologic cancer, with enrollment expected to commence by mid-2025 [11][12] Market Data and Key Metrics Changes - The ongoing LORIKEET Phase 2 trial for lorigerlimab has completed enrollment, with a primary endpoint of radiographic progression-free survival (rPFS) [10] - The TAMARACK Phase 2 study results for vobramitamab duocarmazine (vobra duo) showed a median rPFS of 9.5 months for the 2.0 mg/kg cohort and 10.0 months for the 2.7 mg/kg cohort in patients with metastatic castration-resistant prostate cancer (mCRPC) [21][22] Company Strategy and Development Direction - MacroGenics aims to advance its diverse clinical portfolio, focusing on antibody-based cancer treatments, with significant milestones achieved in 2024 and plans for continued progress in 2025 [7][29] - The company is exploring potential alternatives for partnering the vobra duo program while continuing to develop the anti-B7-H3 ADC MGC026 [22][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's innovative pipeline and the potential for lorigerlimab in previously untreated areas of ovarian cancer and clear cell gynecologic cancers [42][44] - The board is actively searching for a successor to the CEO, with a commitment to support the company during the transition [31] Other Important Information - The company completed the sale of MARGENZA to TerSera Therapeutics in the fourth quarter, providing non-dilutive capital to support clinical pipeline investments [31] - The anticipated funding requirements reflect expected expenditures related to ongoing clinical studies, including the LORIKEET study [28] Q&A Session Summary Question: What are the gating factors to starting the LINNET study? - Management indicated that the standard-of-care for later-line ovarian cancer is low, with overall response rates of 10% to 15% for anti-PD-1 therapies, and they are optimistic about the potential of lorigerlimab in this setting [35] Question: Can you discuss the rationale behind developing lorigerlimab in ovarian and clear cell gynecologic cancers? - The management highlighted that lorigerlimab targets T-cells in the tumor microenvironment, which may lead to better outcomes compared to existing checkpoint inhibitors [42][44] Question: How does the rPFS data for vobra duo clarify the path forward for MGC026? - Management noted that MGC026 is different from vobra duo, with a different linker and payload, and they believe it has the potential for activity beyond what was observed with vobra duo [49][50] Question: What are the expectations for the discontinuation rate in the LORIKEET study? - Management expects better tolerability with lorigerlimab compared to prior checkpoint inhibitors, anticipating a lower discontinuation rate [82] Question: How far along is the Phase 1 study for MGC028? - The Phase 1 study for MGC028 has just begun, and while they are not pre-selecting patients based on ADAM9 expression, they are focusing on tumor types known for upregulation [87][88]