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Indaptus Therapeutics Reports Second Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-08-13 12:00
Core Insights - Indaptus Therapeutics has initiated a Phase 1b/2 combination trial for Decoy20 with the PD-1 inhibitor tislelizumab, marking a significant clinical milestone for the company [2][7] - The company raised approximately $5.7 million through the sale of convertible promissory notes, which has strengthened its balance sheet to support ongoing clinical development [2][8] - Indaptus plans to share initial data from the combination trial later this year, reflecting its commitment to advancing immunotherapy options for patients [11][12] Financial Highlights - Research and development expenses for Q2 2025 were approximately $2.2 million, up from $1.7 million in Q2 2024, primarily due to increased costs associated with the ongoing Phase 1 study [4] - General and administrative expenses for Q2 2025 were approximately $2.3 million, a slight decrease from $2.4 million in Q2 2024, attributed to reduced stock-based compensation and related expenses [5] - Loss per share for Q2 2025 was approximately $9.09, compared to $13.16 in Q2 2024, indicating an improvement in financial performance [6][20] Cash Flow and Liquidity - As of June 30, 2025, the company had cash and cash equivalents of approximately $6.2 million, an increase from $5.8 million at the end of 2024, which is expected to support operations into Q4 2025 [8] - Net cash used in operating activities for the first half of 2025 was approximately $9.1 million, up from $6.4 million in the same period of 2024, primarily due to increased research and development activities [9] - Net cash provided by financing activities for the first half of 2025 was approximately $9.4 million, significantly higher than $0.4 million in the first half of 2024, reflecting successful capital raising efforts [10] Clinical Development - The first patient has been dosed in the Phase 1b/2 study evaluating the combination of Decoy20 and tislelizumab, which aims to provide new treatment options for patients unresponsive to existing therapies [2][7] - Indaptus' Decoy platform is designed to activate both innate and adaptive immune responses, showing promise in preclinical studies for various cancers and viral infections [12]
BriaCell Selected for MSK’s 2025 Therapeutics Accelerator Program for Bria-OTS+™ for Cancer
Globenewswire· 2025-08-13 11:30
Core Insights - BriaCell Therapeutics Corp. has been accepted into Memorial Sloan Kettering Cancer Center's Therapeutics Accelerator 2025 Cohort program to expedite the clinical development of its personalized immunotherapy, Bria-OTS+, for various cancer types [1][2][3] Group 1: Company Overview - BriaCell is a clinical-stage biotechnology company focused on developing novel immunotherapies aimed at transforming cancer care [4] - The company is working on Bria-OTS+, a next-generation personalized off-the-shelf immunotherapy targeting multiple cancer indications, including metastatic breast cancer and prostate cancer [1][4] Group 2: Collaboration with MSK - The collaboration with MSK will provide BriaCell access to expertise and resources, including GMP manufacturing services and regulatory strategy support, to accelerate the development of Bria-OTS+ [2][3] - Dr. William V. Williams, BriaCell's President and CEO, expressed that MSK's resources and expertise make it an ideal partner for advancing their immunotherapy platform [3] Group 3: Potential Impact - Dr. Miguel Lopez-Lago, BriaCell's Chief Scientific Officer, stated that Bria-OTS+ has the potential to significantly improve efficacy and safety for thousands of cancer patients [4]
BriaCell Selected for MSK's 2025 Therapeutics Accelerator Program for Bria-OTS+™ for Cancer
GlobeNewswire News Room· 2025-08-13 11:30
Core Insights - BriaCell Therapeutics Corp. has been accepted into Memorial Sloan Kettering Cancer Center's Therapeutics Accelerator 2025 Cohort program to expedite the clinical development of its personalized immunotherapy, Bria-OTS+, for various cancer types [1][2][3] Company Overview - BriaCell is a clinical-stage biotechnology company focused on developing novel immunotherapies aimed at transforming cancer care [4] Collaboration Details - The partnership with MSK will provide BriaCell access to expertise and resources, including GMP manufacturing services and regulatory strategy support, to accelerate the development of Bria-OTS+ [2][3] - MSK has over 135 years of experience in cancer research and treatment, making it a valuable partner for BriaCell [2] Leadership Statements - Dr. William V. Williams, BriaCell's President and CEO, expressed honor in collaborating with MSK, highlighting the institution's expertise in cancer therapy development [3] - Dr. Miguel Lopez-Lago, Chief Scientific Officer, emphasized the potential of Bria-OTS+ to significantly improve cancer care for patients [4]
PDS Biotech Reports Second Quarter 2025 Financial Results and Provides Clinical Programs Update
Globenewswire· 2025-08-13 11:00
Core Insights - PDS Biotechnology Corporation reported a net loss of $9.4 million for Q2 2025, an increase from $8.3 million in Q2 2024, primarily due to higher net interest expenses [5][8] - The company is advancing its VERSATILE-003 Phase 3 clinical trial for PDS0101 (Versamune HPV) targeting HPV16-positive recurrent/metastatic head and neck squamous cell carcinoma [3][11] - PDS Biotech presented three abstracts at the 2025 American Society of Clinical Oncology (ASCO) annual meeting, showcasing positive data from the VERSATILE-002 trial [10] Financial Performance - The reported net loss for Q2 2025 was $9.4 million, or $0.21 per share, compared to a loss of $8.3 million, or $0.23 per share, in Q2 2024 [5][16] - Research and development expenses decreased to $4.2 million in Q2 2025 from $4.5 million in Q2 2024, attributed to lower personnel costs [6] - General and administrative expenses also fell to $3.4 million in Q2 2025 from $4.2 million in Q2 2024, mainly due to reduced personnel costs and professional fees [7] Cash Position and Debt - As of June 30, 2025, the company's cash balance was $31.9 million, down from $41.7 million at the end of 2024 [8][15] - Long-term debt increased to $12.9 million as of June 30, 2025, compared to $9.2 million at the end of 2024 [15] Clinical Trials and Developments - The VERSATILE-003 trial is the only registrational stage trial specifically targeting HPV16-positive head and neck cancer patients [3][11] - The colorectal cancer cohort in the Phase 2 clinical trial with PDS01ADC met criteria for expansion to Stage 2 following positive Stage 1 results [10] - The company plans to publish the full data set for the VERSATILE-002 trial later this year [3]
Elicio Therapeutics Announces Publication of ELI-002 Updated AMPLIFY-201 Phase 1 Follow-up Data in Nature Medicine for Minimal Residual Disease (“MRD”) Positive, Adjuvant-Stage Patients
Globenewswire· 2025-08-12 12:00
Core Insights - Elicio Therapeutics published follow-up data from the Phase 1 AMPLIFY-201 study in Nature Medicine, demonstrating that over two-thirds of participants with T cell responses exceeding the antitumor efficacy threshold had significantly reduced risks of relapse or death [1][5][11] Group 1: Study Results - At a median follow-up of 19.7 months, median overall survival (OS) increased from 16.33 months to 28.94 months [5][11] - A 77% reduction in the risk of death and an 88% reduction in the risk of relapse were associated with T cell responses above the efficacy threshold [5][11] - Direct ex vivo mKRAS-specific T cell responses were observed in 84% of patients, with both CD4+ and CD8+ T cell responses in 71% of patients [6][11] - Antigen-spreading was observed in 67% of patients, indicating a broader immune response beyond the targeted mKRAS antigens [11] Group 2: Clinical Implications - The updated data supports the potential of the AMP platform to provide durable benefits to pancreatic ductal adenocarcinoma (PDAC) patients in the adjuvant setting [3][5] - The final event-driven disease-free survival (DFS) analysis for the ongoing Phase 2 AMPLIFY-7P study is anticipated in Q4 2025 [5][6] Group 3: Technology and Future Directions - Elicio's AMP platform aims to enhance the education, activation, and amplification of cancer-specific T cells, potentially leading to improved clinical outcomes compared to conventional vaccination strategies [9][14] - ELI-002 targets the most common KRAS mutations, which drive approximately 25% of all solid tumors, and is being studied in patients with mKRAS-positive pancreatic and colorectal cancers [9][12] - Future plans include expanding ELI-002 to other indications, such as mKRAS-positive lung cancer [9][12]
X @Bloomberg
Bloomberg· 2025-08-12 09:45
Drug Development & Clinical Trials - Padcev 联合默克公司的重磅免疫疗法 Keytruda 延长了难治性膀胱癌患者的生命 [1]
Evaxion to announce business update and second quarter 2025 financial results on August 14, 2025
Globenewswire· 2025-08-11 12:00
Company Overview - Evaxion A/S is a clinical-stage TechBio company that specializes in developing AI-Immunology™ powered vaccines [4] - The company utilizes proprietary AI prediction models to decode the human immune system and create novel immunotherapies for cancer, bacterial diseases, and viral infections [4] - Evaxion has a clinical-stage oncology pipeline of personalized vaccines and a preclinical pipeline targeting infectious diseases with high unmet medical needs [4] Upcoming Events - Evaxion will provide a business update and report its Q2 2025 financial results on August 14, 2025, before the opening of Nasdaq CM [1] - An executive management conference call and webcast will take place on the same day at 14:30 CET/08:30 EST, which is free and open to the public [2] - Participants can register in advance to receive dial-in numbers and a unique PIN code for the conference call [2] Contact Information - Mads Kronborg is the Vice President of Investor Relations & Communication at Evaxion, and can be contacted at +45 53 54 82 96 or via email at mak@evaxion.ai [4]
Edesa Biotech Reports Fiscal 3rd Quarter 2025 Results
Globenewswire· 2025-08-08 20:35
Core Viewpoint - Edesa Biotech, Inc. is advancing its drug candidate EB06 for treating moderate-to-severe nonsegmental vitiligo and has reported financial results for the three and nine months ended June 30, 2025, indicating a strategic focus on this development program [1][2][3]. Financial Performance - For the three months ended June 30, 2025, total operating expenses were $1.9 million, consistent with the same period in 2024 [5]. - The net loss for the quarter was $1.7 million, or $0.25 per common share, compared to a net loss of $1.7 million, or $0.52 per common share, for the same period in 2024 [6]. - For the nine months ended June 30, 2025, total operating expenses decreased by $0.6 million to $5.4 million compared to $6.0 million for the same period in 2024 [7]. - The net loss for the nine months was $5.0 million, or $0.95 per common share, compared to a net loss of $5.2 million, or $1.64 per common share, for the same period in 2024 [10]. Research and Development Focus - Research and development expenses for the nine months ended June 30, 2025, decreased by $0.4 million to $2.4 million, primarily due to reduced external research expenses related to EB05, offset by increased expenses for EB06 [7]. - The company is channeling operational efforts into regulatory preparation and drug manufacturing for EB06, aiming for rapid progression into clinical testing [4]. Cash Position and Working Capital - As of June 30, 2025, Edesa had cash and cash equivalents of $12.4 million and working capital of $12.1 million [11]. Upcoming Events - Edesa management is scheduled to participate in the Canaccord Genuity 45th Annual Growth Conference on August 12-13, 2025, and the H.C. Wainwright 27th Annual Global Investment Conference on September 8-10, 2025 [12].
Oncolytics Biotech® Reports Second Quarter Financial Results and Details Clinical Program Plans for Pelareorep
Prnewswire· 2025-08-08 13:05
Core Opinion - Oncolytics Biotech is advancing its clinical-stage immunotherapy pelareorep, focusing on regulatory clarity and pivotal studies for pancreatic cancer treatment [2][6][7] Company Developments - New management team members, including CEO Jared Kelly and CBO Andrew Aromando, bring extensive biotech experience to enhance pelareorep's development [3] - The company is committed to limiting dilution by terminating its At-the-Market and Equity Line of Credit facilities, indicating confidence in its current capital to reach key milestones [8] Clinical Data and Research - Recent presentations at the American Society of Clinical Oncology Annual Meeting highlighted pelareorep's mechanism of action and its potential to improve survival rates in metastatic pancreatic ductal adenocarcinoma (mPDAC) [2][4] - In a review of landmark studies, pelareorep demonstrated a two-year survival rate of 21.9% in mPDAC patients, significantly higher than the historical benchmark of 9.2% for chemotherapy regimens [4] Strategic Initiatives - The company is pursuing a registration-enabling pivotal study for pelareorep in first-line mPDAC, with discussions ongoing with regulators to finalize the approval pathway [6][7] - Pelareorep has received Fast Track and Orphan Drug designations from the FDA, underscoring its potential in addressing high unmet medical needs in pancreatic cancer [7] Financial Performance - As of June 30, 2025, Oncolytics reported cash and cash equivalents of CAD 14.6 million, projecting a cash runway through key milestones into Q1 2026 [12] - The net loss for Q2 2025 was CAD 6.2 million, an improvement from CAD 7.3 million in Q2 2024, with R&D expenses decreasing to CAD 2.8 million from CAD 4.6 million year-over-year [12][15] Future Milestones - The company plans to initiate start-up activities for the pivotal study in Q4 2025, with updated clinical data expected by the end of 2025 [10][12]
Oncolytics Biotech® Announces Voluntary Delisting from the Toronto Stock Exchange
Prnewswire· 2025-08-08 13:00
Core Viewpoint - Oncolytics Biotech Inc. will voluntarily delist its common shares from the Toronto Stock Exchange (TSX) effective August 22, 2025, while maintaining its listing on the Nasdaq [1][2]. Group 1: Delisting Details - The delisting from TSX is deemed beneficial for the company and its shareholders, allowing shares to continue trading on Nasdaq under the symbol "ONCY" [2]. - Canadian shareholders can trade their shares on Nasdaq through U.S.-registered broker-dealer affiliates [2]. - Oncolytics will remain a reporting issuer in Canada, and shareholder approval for the delisting is not required under TSX regulations [2]. Group 2: Company Overview - Oncolytics is a clinical-stage biotechnology company focused on developing pelareorep, an immunotherapeutic agent that has shown promising results in treating various cancers, including pancreatic and breast cancers [3][4]. - Pelareorep works by converting "cold" tumors into "hot" tumors, thereby activating immune responses against cancer [3]. Group 3: Strategic Focus - The company is advancing pelareorep in combination with chemotherapy and checkpoint inhibitors for metastatic pancreatic and breast cancers, both of which have received Fast Track designation from the FDA [4]. - Oncolytics is actively seeking strategic partnerships to enhance development and commercial impact [4]. Group 4: Future Considerations - Oncolytics will cease to be treated as a Foreign Private Issuer under U.S. federal securities laws effective January 1, 2026, and is contemplating re-domiciling to the U.S. [6]. - The company believes that the costs associated with maintaining a secondary listing on TSX do not justify the benefits, given its focus on the U.S. market and shareholder base [6].