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Acrivon Therapeutics Reports First Quarter 2025 Financial Results and Business Highlights
Globenewswire· 2025-05-14 20:10
Core Insights - Acrivon Therapeutics reported positive interim data from the ACR-368 Phase 2b study in endometrial cancer patients, showing a confirmed overall response rate (cORR) of 35% and a median duration of response (mDOR) exceeding 5.6 months in OncoSignature-positive patients [1][3] - The company has completed three dose escalation cohorts in the ACR-2316 Phase 1 trial, with tumor shrinkage observed at dose level 3, indicating potential for monotherapy activity [1][9] - Acrivon has appointed Dr. Mansoor Raza Mirza as chief medical officer, enhancing the executive team with his extensive experience in oncology [2][9] Clinical Developments - The ACR-368 study demonstrated a cORR of 50% and mDOR not yet reached (>10 months) in patients who had relapsed after prior therapy, with a disease control rate (DCR) of 100% in this subgroup [3][11] - ACR-2316 has shown approximately 25% tumor shrinkage in a patient after six weeks of treatment at dose level 3, supporting its potential as a single-agent therapy [2][9] - The company is advancing a new potential first-in-class cell cycle drug discovery program targeting an undisclosed target, with development candidate nomination expected in 2025 [9][12] Financial Performance - For the first quarter of 2025, Acrivon reported a net loss of $19.7 million, compared to a net loss of $16.5 million for the same period in 2024 [5][15] - Research and development expenses increased to $15.4 million in Q1 2025 from $11.5 million in Q1 2024, primarily due to ongoing clinical trials and increased personnel [6][15] - As of March 31, 2025, the company had cash, cash equivalents, and marketable securities totaling $164.8 million, expected to fund operations into the second quarter of 2027 [7][15] Technological Advancements - Acrivon is leveraging its Generative Phosphoproteomics AP3 platform to enhance drug discovery, with tools designed to convert multimodal data into structured data for generative AI analyses [4][8] - The platform includes the AP3 Data Portal, the AP3 Kinase Substrate Relationship Predictor, and the AP3 Interactome, enabling the design of differentiated compounds with desirable pathway effects [4][8] Upcoming Milestones - The company plans to provide updates on the registrational-intent trial and confirmatory trial design for ACR-368, as well as initial clinical data from the Phase 1 study of ACR-2316 in the second half of 2025 [9][12]
Aptose Selected for Prestigious Oral Presentation of Data from TUSCANY Phase 1/2 Clinical Trial of Tuspetinib Triplet Therapy in Newly Diagnosed AML at the 2025 EHA Congress
Globenewswire· 2025-05-14 17:07
Core Insights - Aptose Biosciences Inc. announced that data from its Phase 1/2 TUSCANY trial will be presented at the European Hematology Association Congress in June 2025, focusing on the TUS+VEN+AZA triplet therapy for newly diagnosed AML patients [1][2] Group 1: TUSCANY Trial Overview - The TUS+VEN+AZA triplet is being developed as a safe and mutation-agnostic frontline therapy for newly diagnosed AML patients who cannot receive induction chemotherapy [2][4] - Initial dose cohorts of the TUS+VEN+AZA triplet have shown safety, complete remissions, and minimal residual disease (MRD) negativity across diverse mutation profiles, including TP53 and FLT3 [2][4] - The TUSCANY trial is being conducted at 10 leading U.S. clinical sites, with an expected enrollment of 18-24 patients by mid to late 2025 [5] Group 2: Presentation Details - The oral presentation at EHA will include updated safety data, complete remission rates, and MRD findings, along with longer follow-up duration [2][3] - The presentation is scheduled for June 12, 2025, and will be led by Dr. Gabriel Mannis from Stanford University [3] Group 3: Company Background - Aptose Biosciences is focused on developing precision medicines for unmet medical needs in oncology, particularly in hematology [7] - The lead clinical-stage oral kinase inhibitor, tuspetinib (TUS), has shown activity as both a monotherapy and in combination therapy for relapsed or refractory AML [7]
Hoth Therapeutics Reports Positive Preclinical Results for HT-KIT, a Precision Antisense Therapy Targeting Rare and Aggressive KIT-Driven Cancers
Prnewswire· 2025-05-12 11:30
Core Insights - Hoth Therapeutics has announced promising preclinical data for HT-KIT, an antisense oligonucleotide therapeutic targeting aberrant KIT gene expression linked to rare, treatment-resistant cancers [1][2] - HT-KIT is designed to selectively bind to mutant KIT mRNA transcripts, blocking their translation and preventing the production of the KIT protein, which drives tumor growth in various cancers [2][3] - The company plans to file an Investigational New Drug (IND) application with the FDA in early 2026, with Phase 1 human trials to follow shortly thereafter [4] Preclinical Data - HT-KIT has demonstrated over 80% reduction in KIT expression in vitro using cancer cell lines with activating KIT mutations [6][7] - Significant inhibition of tumor growth has been observed in preclinical models of gastrointestinal stromal tumors (GIST) and systemic mastocytosis following systemic administration of HT-KIT [6][7] - No observable off-target toxicity in liver, kidney, or bone marrow suggests a favorable safety profile for HT-KIT [6][7] Treatment Advantages - Current treatment options for KIT-driven cancers often rely on tyrosine kinase inhibitors (TKIs), which can lead to drug resistance and systemic side effects [3] - HT-KIT offers a targeted alternative by addressing the disease at the mRNA level, potentially avoiding resistance mechanisms associated with small-molecule therapies [3][5] - The company believes HT-KIT represents a first-in-class approach to treating KIT-mutated cancers at the genetic level, providing hope for patients who have exhausted traditional therapies [2][5] Company Overview - Hoth Therapeutics is a clinical-stage biopharmaceutical company focused on developing innovative treatments to improve patient quality of life [6] - The company utilizes a patient-centric approach and collaborates with scientists and key opinion leaders to explore therapeutics with significant potential [8]
Aptose Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 11:00
Core Insights - Aptose Biosciences is advancing its TUSCANY clinical trial of tuspetinib in combination with venetoclax and azacitidine for newly diagnosed acute myeloid leukemia (AML), showing promising safety and efficacy data [2][3][4] - The company reported a net loss of $5.5 million for Q1 2025, a decrease from $9.6 million in Q1 2024, indicating improved financial performance [8][14] - Aptose's common shares are now listed on the OTC Markets under the ticker "APTOF," enhancing accessibility for U.S. investors [4] Clinical Trial Progress - The TUSCANY trial has shown that patients receiving both 40 mg and 80 mg doses of tuspetinib achieved complete remissions, with no safety concerns reported [2][3][4] - In the first cohort, three patients on the 40 mg dose achieved complete remissions, while in the second cohort, all three patients on the 80 mg dose also achieved complete remissions [3][4] - The trial aims to create a mutation-agnostic triplet frontline therapy for AML patients, including those without FLT3 mutations [3] Financial Performance - Research and development expenses decreased to $2.3 million in Q1 2025 from $6.4 million in Q1 2024, primarily due to reduced clinical trial activities and lower personnel costs [8][12][15] - The company reported total cash, cash equivalents, and restricted cash of $4.7 million as of March 31, 2025, with expectations to fund operations until the end of May 2025 [14] - The net loss per share for Q1 2025 was $2.61, compared to $22.02 in Q1 2024, reflecting a significant reduction in losses [8] Corporate Developments - Aptose is preparing for upcoming milestones, including reporting maturing data from the TUSCANY trial at the European Hematology Association (EHA) meeting and the American Society of Hematology (ASH) conference [5][6][11] - The company has implemented financing and cost reduction efforts to extend its cash runway, indicating proactive management of financial resources [14]
Erasca to Present at the Bank of America Securities Health Care Conference
GlobeNewswire News Room· 2025-05-07 12:00
Core Viewpoint - Erasca, Inc. is actively participating in the Bank of America Securities 2025 Health Care Conference, highlighting its focus on precision oncology for RAS/MAPK pathway-driven cancers [1]. Company Overview - Erasca, Inc. is a clinical-stage precision oncology company dedicated to discovering, developing, and commercializing therapies specifically for patients with RAS/MAPK pathway-driven cancers [3]. - The company was co-founded by pioneers in precision oncology and RAS targeting, aiming to create novel therapies and combination regimens to effectively shut down the RAS/MAPK pathway [3]. - Erasca has developed one of the most comprehensive pipelines focused on the RAS/MAPK pathway in the industry, supported by a scientific advisory board of leading experts [3]. Event Participation - Management will present at the conference on May 14, 2025, at 2:35 pm Pacific Time and will engage in one-on-one investor meetings [1]. - A live audio webcast of the event will be available on Erasca's website, with an archived replay accessible for 30 days post-event [2].
Prelude Therapeutics Reports First Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-05-06 20:05
Core Insights - Prelude Therapeutics reported strong execution in Q1 2025, focusing on the development of SMARCA2 degraders and KAT6A degraders for aggressive cancers [2][3] - The company has completed enrollment for the PRT3789 monotherapy and combination studies, with updated results expected in the second half of 2025 [1][4] - Prelude's financial position includes $103.1 million in cash and equivalents, projected to fund operations into Q2 2026 [1][14] Clinical Program Updates - PRT3789 is a first-in-class intravenous SMARCA2 degrader targeting SMARCA4 mutations, which are found in approximately 10% of non-small cell lung cancers [3][4] - The company has completed dose escalation for PRT3789 and selected a recommended Phase 2 dose of 500 mg once weekly [4] - A Phase 2 trial is underway evaluating PRT3789 in combination with KEYTRUDA® for patients with SMARCA4-mutated cancers [5] Financial Performance - R&D expenses for Q1 2025 increased to $28.8 million from $27.4 million in the prior year, primarily due to SMARCA2 clinical trials [15] - General and administrative expenses decreased to $5.8 million from $6.9 million, attributed to lower stock-based compensation [16][17] - The net loss for Q1 2025 was $32.1 million, consistent with the previous year, with a net loss per share of $0.42 [18][22] Upcoming Milestones - Initial data for the PRT7732 oral SMARCA2 degrader is expected in the second half of 2025, with rapid enrollment in the ongoing Phase 1 trial [1][8] - Prelude is advancing its KAT6A degrader program, with candidate nomination anticipated in Q2 2025 and an IND filing planned for 2026 [9][10] - The company will participate in the Citizens 2025 Life Sciences Conference on May 7, 2025, featuring key executives [12]
Aptose Provides Clinical Update for the Tuspetinib-based Triple Drug Frontline Therapy in Newly Diagnosed AML Patients from the Phase 1/2 TUSCANY Trial
Globenewswire· 2025-05-05 11:00
Core Insights - Aptose Biosciences is developing a unique triple drug therapy (TUS+VEN+AZA) for newly diagnosed acute myeloid leukemia (AML) patients, aiming for a safe and mutation-agnostic frontline treatment [1][6] - Initial data from the Phase 1/2 TUSCANY trial shows promising safety and efficacy, with complete remissions and measurable residual disease (MRD) negativity observed in patients with diverse mutations [1][4] Group 1: Clinical Trial Details - The TUSCANY trial has initiated dosing with tuspetinib (TUS) at 40 mg and 80 mg in combination with venetoclax (VEN) and azacitidine (AZA), demonstrating safety and antileukemic activity [2][4] - The trial is designed to evaluate various doses and schedules of TUS for AML patients who cannot receive induction chemotherapy, with a target enrollment of 18-24 patients by mid-late 2025 [7] Group 2: Patient Outcomes - In the first cohort, a patient with biallelic TP53 mutations achieved complete remission and MRD-negative status, while another FLT3-wildtype patient also achieved complete remission [4] - In the second cohort receiving 80 mg of TUS, all three patients showed blast reductions meeting criteria for complete remissions or complete remission with incomplete blood count recovery (CRi) [4] Group 3: Company Overview - Aptose Biosciences focuses on developing precision medicines for oncology, with tuspetinib as a lead candidate showing activity in relapsed or refractory AML and being advanced as a frontline therapy [9]
Acrivon Therapeutics to Reveal the Molecular Mechanisms Driving Strong Single-Agent Activity of ACR-2316, its AP3-Enabled Clinical Stage WEE1/PKMYT1 Inhibitor, at the AACR Annual Meeting 2025
Globenewswire· 2025-04-25 12:00
Core Insights - Acrivon Therapeutics is advancing its clinical-stage asset ACR-2316, a selective WEE1/PKMYT1 inhibitor, which has shown superior anti-cancer activity in preclinical studies and is currently in a Phase 1 clinical trial with promising early results [1][2][3] Group 1: Clinical Development - ACR-2316 has completed three dose-escalation cohorts in its Phase 1 trial ahead of schedule, with solid tumor shrinkage observed at dose level three [1][2] - The trial has shown no safety concerns or dose-limiting toxicities (DLTs) at dose levels 1, 2, and 3, with dose level 4 currently enrolling [2] - Initial clinical activity of approximately 25% RECIST tumor shrinkage has been noted, along with a reduction of metastatic lesions in the chest, abdomen, and pelvis at dose level three [2] Group 2: Mechanism of Action - ACR-2316 was designed using Acrivon's AP3 platform to activate CDK1, CDK2, and PLK1 pathways, aiming to induce pro-apoptotic tumor cell death and achieve superior single-agent activity [3][7] - The drug's mechanism is intended to overcome limitations associated with single-target WEE1 and PKMYT1 inhibitors, demonstrating a favorable therapeutic index in preclinical studies [3][7] Group 3: Research and Technology - Acrivon utilizes its proprietary Acrivon Predictive Precision Proteomics (AP3) platform for drug discovery, which measures compound-specific effects on tumor cell protein signaling networks [5][6] - The AP3 platform enables the identification of patients most likely to benefit from Acrivon's drug candidates through OncoSignature companion diagnostics [6][7] - Acrivon is also developing ACR-368, a selective small molecule inhibitor targeting CHK1 and CHK2, which is in a potentially registrational Phase 2 trial for endometrial cancer [6][7]
Akoya Biosciences and Singapore Translational Cancer Consortium (STCC) Partner on SUPER Study Designed to Advance Cancer Immunophenotyping for Patients in Singapore
Globenewswire· 2025-04-23 12:00
Core Insights - Akoya Biosciences has announced a collaboration with the Singapore Translational Cancer Consortium (STCC) for the SUPER study, which aims to identify and validate biomarkers predicting responses to immune checkpoint inhibitors [1][2][6] - The study will focus on a unique cohort of 200 patients, including 100 exceptional responders and 100 hyper-progressors, to uncover biological determinants of treatment outcomes [2][5] Study Objectives - Identify and validate the assay combination and biomarker profile that best predicts response or refractoriness to PD1/PDL1 inhibition [7] - Develop a combinatorial assay kit/model for predicting PD1/PDL1 treatment response for clinical applications [7] - Establish a national biomarker discovery program for extreme responders to cancer treatment [7] Collaboration Details - The SUPER study will utilize Akoya's IO60 panel for spatial proteomic analysis, enhancing biomarker-driven cancer treatment [1][5] - The collaboration aims to integrate spatial approaches with DNA/RNA sequencing to identify predictors of response to immunotherapy [5][6] - The study is a multi-institutional effort involving several key healthcare and research institutions in Singapore [6][10] Industry Impact - The findings from the SUPER study could significantly influence future cancer immunotherapy strategies and healthcare cost optimization [5][6] - By bridging spatial proteomics with clinical insights, the initiative has the potential to shape the future of precision oncology [6]
Aptose to Present at the 2025 Bloom Burton & Co. Healthcare Investor Conference
Globenewswire· 2025-04-23 11:30
Core Viewpoint - Aptose Biosciences Inc. is participating in the 2025 Bloom Burton & Co. Healthcare Investor Conference to present its developments in precision oncology, specifically focusing on its lead compound tuspetinib for treating acute myeloid leukemia [1][4]. Company Overview - Aptose Biosciences is a clinical-stage biotechnology company focused on developing precision medicines for oncology, with an emphasis on hematology [5]. - The company's lead product, tuspetinib (TUS), is an oral kinase inhibitor that has shown efficacy as both a monotherapy and in combination therapy for relapsed or refractory acute myeloid leukemia (AML) [5]. - Tuspetinib is being developed as a frontline triplet therapy for newly diagnosed AML patients [5]. Conference Details - The 2025 Bloom Burton & Co. Healthcare Investor Conference will take place on May 5-6, 2025, in Toronto [1][4]. - Dr. William G. Rice, Chairman, President, and CEO of Aptose, will present on May 5, 2025, at 3:00 p.m. EDT [2][3]. - The presentation will be available via webcast, and further details can be found on the Aptose website [3]. Investor Engagement - The conference provides an opportunity for investors to receive corporate updates from various Canadian healthcare companies through presentations and one-on-one meetings [4]. - Aptose is open to scheduling one-on-one meetings with interested investors during the conference [2].