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Marker Therapeutics Reports that Lymphodepletion Improves the Expansion and Persistence of Multi-Antigen Recognizing T Cells in Patients with Lymphoma
Globenewswire· 2025-05-20 12:00
Core Insights - The Phase 1 APOLLO study by Marker Therapeutics shows that lymphodepletion enhances the expansion and persistence of MAR-T cells, potentially improving anti-tumor activity [1][4][5] - The study is focused on MT-601, a MAR-T cell product for patients with lymphoma who have relapsed after or are not candidates for anti-CD19 CAR-T cell therapy [2][9] - The company has reported a significant increase in patient enrollment, surpassing the total from the previous year within the first five months of 2025 [5][7] Company Overview - Marker Therapeutics, Inc. is a clinical-stage immuno-oncology company based in Houston, TX, specializing in T cell-based immunotherapies for hematological malignancies and solid tumors [11] - The company was founded at Baylor College of Medicine and has conducted clinical trials involving over 200 patients, demonstrating well-tolerated and durable clinical responses [11] Study Details - The APOLLO trial is a multicenter, open-label study evaluating the safety and efficacy of MT-601 in participants with relapsed or refractory lymphoma [9] - The primary objective is to assess the optimum dose, safety, and preliminary efficacy of MT-601, with an expected enrollment of approximately 30 participants across nine clinical sites in the U.S. [9] Clinical Data - In the APOLLO study, MT-601 was well tolerated with no dose-limiting toxicities reported, achieving objective responses in 7 out of 9 patients (78%), including 4 complete responses (44.4%) [2][4] - Preliminary data indicates that lymphodepletion supports the expansion and persistence of MT-601 in vivo, with higher levels observed in patients undergoing lymphodepletion compared to those who did not [3][4] Future Outlook - The company anticipates sharing more meaningful clinical data by the end of summer 2025, driven by the increased pace of patient enrollment and positive early clinical results [5][7]
PDS Biotech to Participate at the A.G.P. Virtual Annual Healthcare Company Showcase
Globenewswire· 2025-05-20 12:00
Core Viewpoint - PDS Biotechnology Corporation is participating in the A.G.P. Virtual Annual Healthcare Company Showcase, highlighting its focus on immunotherapy for cancer treatment [1][2]. Company Overview - PDS Biotechnology is a late-stage immunotherapy company dedicated to transforming the immune system's ability to target and eliminate cancers [3]. - The company has initiated a pivotal clinical trial for its lead program, which targets advanced HPV16-positive head and neck squamous cell cancers [3]. - The lead investigational therapy, Versamune HPV, is being developed in combination with a standard immune checkpoint inhibitor and in a triple combination with PDS01ADC, an IL-12 fused antibody drug conjugate [3]. Event Details - The A.G.P. Virtual Annual Healthcare Company Showcase is scheduled for May 21, 2025, with a fireside chat featuring the CEO of PDS Biotech from 5:20 to 5:40 p.m. ET [2]. - An archived replay and transcript of the fireside chat will be available on the company's Investor Relations website following the event [2].
BriaCell CEO Letter to Shareholders
Globenewswire· 2025-05-20 11:30
Core Insights - BriaCell Therapeutics Corp. has achieved significant milestones in its clinical studies, particularly in the Bria-IMT™ Phase 3 study and the Bria-OTS™ Phase 1/2 study, indicating potential transformative impacts on cancer treatment [1][4][5] Bria-IMT Pivotal Phase 3 Clinical Study - Bria-IMT™ is a targeted cell-based immunotherapy for metastatic breast cancer, currently being tested in combination with an immune checkpoint inhibitor [2] - Over 75 patients have been enrolled across 54 clinical sites in 15 states, including notable cancer centers [3] - Positive recommendations from the Data Safety Monitoring Board (DSMB) have been received, and successful completion of the study could lead to a fast-track application for drug approval [3][6] Bria-IMT Phase 2 Clinical Study - The Phase 2 study has shown survival data superior to the standard of care, with 83% of evaluable patients benefiting from the treatment [5][6] - The average survival for this patient population is under one year, highlighting the urgent need for effective therapies [6] Bria-OTS Phase 1/2 Clinical Study - Bria-OTS is a personalized immunotherapy platform that matches patients' human leukocyte antigens (HLA) to optimize treatment response [8] - A notable case reported 100% resolution of lung metastasis in a patient after two months of Bria-OTS monotherapy [9][10] Financing and Future Outlook - The company raised US$13.8 million through a public offering to support clinical programs and business advancement [13] - The company anticipates sharing further advancements in its clinical programs in the coming months [13][14]
HCW Biologics Reports First Quarter 2025 Business Highlights and Financial Results
Globenewswire· 2025-05-15 22:14
Core Viewpoint - HCW Biologics Inc. reported financial results for Q1 2025, highlighting a successful equity offering and advancements in clinical trials and business development efforts [1][2][8]. Financial Results - Revenues for Q1 2025 were $5.065 million, a significant increase from $1.126 million in Q1 2024, primarily from licensed molecules sold to Wugen [10]. - Research and development (R&D) expenses decreased by 30% to $1.5 million in Q1 2025 from $2.1 million in Q1 2024, attributed to lower manufacturing and preclinical costs [10]. - General and administrative (G&A) expenses rose by 42% to $2.2 million in Q1 2025 from $1.6 million in Q1 2024, mainly due to prior performance bonuses and increased professional service costs [10]. - The net loss for Q1 2025 was $2.2 million, compared to a net loss of $7.5 million in Q1 2024 [10][14]. Business Development - The company closed a $5.0 million equity offering to fund clinical trials for HCW9302, targeting autoimmune disorders [2]. - HCW Biologics delivered a technology report to WY Biotech, expecting to recognize a $7.0 million upfront licensing fee for HCW11-006 [3]. - The company plans to enhance its business development efforts in the second half of 2025, focusing on licensing its proprietary compounds [2]. Clinical Development - The FDA cleared the IND for HCW9302, initiating a Phase 1 clinical trial for moderate-to-severe alopecia areata, expected to start in Q3 2025 [5]. - HCW9206, another clinical-stage molecule, is being commercialized, showing promise in CAR-T manufacturing improvements [7]. Financing Transactions - The company completed a $5.0 million offering of 671,140 units at $7.45 per unit, and negotiated a reduction in the exercise price of existing warrants from $41.20 to $7.45 [6]. - As of March 31, 2025, the company reported cash and cash equivalents of $1.1 million, down from $4.7 million at the end of 2024 [16]. Compliance and Future Outlook - HCW Biologics regained compliance with Nasdaq listing requirements as of May 13, 2025, but must meet all remaining terms by June 16, 2025 [6]. - The company expressed substantial doubt regarding its ability to continue as a going concern without additional funding [9].
Immutep’s Efti with KEYTRUDA® (pembrolizumab) & Chemotherapy Achieves High Response Rates in First-Line Non-Small Cell Lung Cancer
Globenewswire· 2025-05-15 12:00
Core Insights - Immutep Limited has reported a 60.8% response rate and a 90.2% disease control rate in the INSIGHT-003 trial for its immunotherapy treatment in advanced non-small cell lung cancer [1][7] Group 1: Trial Results - The INSIGHT-003 trial evaluated eftilagimod alpha (efti) in combination with KEYTRUDA® and chemotherapy as a first-line treatment for advanced non-squamous non-small cell lung cancer [1] - The trial showed a significant improvement in overall response rates compared to historical controls, with a 60.8% response rate versus 48.0% in previous registrational trials [4] - In patients with PD-L1 expression below 50%, the response rate was 59.6%, compared to a historical control of 40.8% [5] Group 2: Patient Demographics - Approximately 92% of evaluable patients in the INSIGHT-003 study had PD-L1 Tumor Proportion Score (TPS) below 50%, indicating a high unmet medical need [3][7] - The breakdown of PD-L1 expression levels among evaluable patients included 49% with TPS of 1-49% and 43% with TPS below 1% [3] Group 3: Safety and Future Steps - The safety profile of the triple combination therapy remains favorable, with no new safety signals reported [9] - Additional data updates from the INSIGHT-003 trial are expected to be presented at a medical conference later in 2025 [10] Group 4: Company Background - Immutep is a late-stage biotechnology company focused on developing novel immunotherapies for cancer and autoimmune diseases, leveraging its expertise in LAG-3 [14] - Eftilagimod alpha (efti) is a proprietary soluble LAG-3 protein that stimulates both innate and adaptive immunity for cancer treatment [12]
Oncolytics Biotech (ONCY) - 2025 Q1 - Earnings Call Transcript
2025-05-14 21:32
Financial Data and Key Metrics Changes - As of March 31, 2025, the company reported cash and cash equivalents of CAD 15.3 million, providing runway through key value-driving milestones and into the third quarter of 2025 [18] - Net cash used in operating activities for the quarter was CAD 6.5 million, a decrease from CAD 7.5 million in the same period last year, reflecting lower net operating expenditures [18][20] - The net loss for the quarter was CAD 6.7 million or CAD 0.08 per basic and diluted share, compared to a net loss of CAD 6.9 million or CAD 0.09 per share in Q1 of 2024 [20] Business Line Data and Key Metrics Changes - Research and development expenses totaled CAD 4.1 million, down from CAD 5.7 million in Q1 of 2024, primarily due to reduced manufacturing and clinical trial costs [20] - General and administrative expenses remained consistent at CAD 3 million for the first quarter [19] Market Data and Key Metrics Changes - The company is actively pursuing a new CEO to lead the development of its asset, pelareorep, which has potential in various cancer indications, including pancreatic and breast cancer [5][6] - The company showcased the versatility of pelareorep in gastrointestinal cancers at ASCO GI, presenting data on pancreatic and anal cancers [8] Company Strategy and Development Direction - The company aims to find a leader focused on clinical trial execution for pelareorep, which is seen as a valuable treatment option for patients with high unmet medical needs [5][6] - The company is exploring multiple registrational opportunities for pelareorep, including studies in advanced metastatic HR positive, HER2 negative breast cancer [6][12] - The company is considering various pathways for regulatory approval, including studies in patients at different stages of breast cancer treatment [13][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the clinical data for pelareorep, which continues to exceed expectations, and highlighted the potential for the asset in treating difficult malignancies [5][7] - The company is optimistic about the ongoing enrollment in clinical trials and the potential for regulatory approval in various indications [10][11] Other Important Information - The company announced a USD 20 million share purchase agreement with Alumni Capital, providing access to capital at its discretion [21][44] - The company has received Fast Track approval from the FDA for its pancreatic cancer program, indicating regulatory support for its initiatives [25] Q&A Session Summary Question: What can you share about the potential trial design for the breast cancer study? - The primary endpoint for the next breast cancer study is anticipated to be progression-free survival, and discussions with the FDA have occurred regarding the study design [24] Question: Have there been any recent interactions with the FDA regarding the pancreatic cancer program? - The FDA is aware of the pancreatic cancer program and has granted Fast Track approval, but there have been no recent discussions [25][26] Question: What areas are being prioritized in business development activities? - The company is looking for partners to maximize the value of pelareorep across multiple indications, with breast and pancreatic cancer as top priorities [29] Question: Are there plans to explore additional combination approaches with immune checkpoint inhibitors? - The company has shown that pelareorep potentiates the activity of checkpoint inhibitors, particularly in pancreatic cancer, and will continue to explore this on an indication-by-indication basis [31][32] Question: Can you discuss the share purchase agreement and its benefits? - The share purchase agreement allows the company to access capital at its discretion, with a minimum purchase notice set at CAD 750,000, providing flexibility to move programs forward [44][45]
Edesa Biotech Reports Fiscal 2nd Quarter 2025 Results
Globenewswire· 2025-05-14 20:15
Core Viewpoint - Edesa Biotech, Inc. is advancing its clinical-stage biopharmaceutical development, particularly focusing on its vitiligo drug candidate EB06, while reporting financial results that reflect a strategic pivot in operational activities towards this program [1][4]. Financial Overview - For the three months ended March 31, 2025, total operating expenses decreased by $0.6 million to $1.6 million compared to $2.2 million for the same period in 2024 [7] - The company reported a net loss of $1.6 million, or $0.30 per common share, for the quarter, an improvement from a net loss of $1.9 million, or $0.58 per common share, for the same quarter last year [8] - For the six months ended March 31, 2025, total operating expenses decreased by $0.6 million to $3.5 million compared to $4.1 million for the same period in 2024 [9] - The net loss for the six months was $3.2 million, or $0.74 per common share, compared to a net loss of $3.5 million, or $1.12 per common share, for the same period last year [11] Business Development - The company completed a $15 million equity financing to support the development of EB06, an anti-CXCL10 monoclonal antibody for vitiligo [2] - Edesa has initiated outreach to potential investigators and manufacturing activities to support U.S. regulatory approval for a Phase 2 study in moderate-to-severe nonsegmental vitiligo patients [2][6] - The planned Phase 2 study for EB06 is already approved in Canada, with drug manufacturing data expected to be submitted to the FDA in the second half of 2025 [6] Research and Development - Research and development expenses decreased by $0.7 million to $0.5 million for the three months ended March 31, 2025, primarily due to decreased external research expenses related to the investigational drug paridiprubart [9][16] - General and administrative expenses increased by $0.2 million to $1.2 million for the three months ended March 31, 2025, mainly due to increased salaries and related costs [9] Cash Position - As of March 31, 2025, Edesa had cash and cash equivalents of $13.9 million and working capital of $13.5 million [12]
Indaptus Therapeutics Reports First Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-05-14 12:00
Core Insights - Indaptus Therapeutics reported significant progress in its clinical and research programs during Q1 2025, including the initiation of a Phase 1b/2 clinical trial expansion for Decoy20 in combination with Tislelizumab [2][3] - The company has expanded its intellectual property portfolio with new patents granted in China, Japan, and Israel for its Decoy platform [2] - Financial results indicate an increase in research and development expenses, while general and administrative expenses decreased, leading to a net loss per share improvement compared to the previous year [4][5] Financial Highlights - Research and development expenses for Q1 2025 were $2.8 million, up from $1.6 million in Q1 2024, primarily due to increased costs associated with the Phase 1 clinical trial [4] - General and administrative expenses decreased to $1.8 million in Q1 2025 from $2.4 million in Q1 2024, attributed to lower payroll and legal fees [5] - The net loss for Q1 2025 was $4.5 million, resulting in a loss per share of $0.32, compared to a loss of $3.8 million and a loss per share of $0.45 in Q1 2024 [5][16] Cash Position - As of March 31, 2025, the company had cash and cash equivalents of $3.9 million, down from $5.8 million at the end of 2024, indicating a need for additional capital to fund ongoing activities beyond Q2 2025 [6] - Net cash used in operating activities increased to $5.0 million in Q1 2025 from $3.9 million in Q1 2024, primarily due to heightened research and development activities [7][19] - Financing activities provided $3.2 million in Q1 2025, a significant increase from $0.3 million in the same period of the previous year, mainly from the issuance and sale of common stock and warrants [8][9] Clinical Developments - The company has enrolled 32 patients in the Decoy20 weekly dosing trial, which is now concluding as the focus shifts to the combination treatment with Tislelizumab [2] - Early data from the weekly dosing suggests Decoy20 is well-tolerated with a favorable safety profile and early signs of clinical benefit, including instances of stable disease [2] - Indaptus' Decoy platform is designed to activate both innate and adaptive immune responses, showing promise in pre-clinical studies against various cancers and viral infections [10]
PDS Biotech Reports First Quarter 2025 Financial Results and Provides Clinical Programs and Corporate Update
Globenewswire· 2025-05-14 11:30
Core Viewpoint - PDS Biotechnology Corporation is advancing its clinical programs, particularly the VERSATILE-003 Phase 3 trial for its investigational therapy Versamune® HPV targeting HPV16-positive head and neck squamous carcinoma, while also reporting improved financial results for Q1 2025 compared to the previous year [3][4][6]. Clinical Updates - The VERSATILE-003 Phase 3 clinical trial has been initiated to evaluate Versamune® HPV in recurrent/metastatic HPV16-positive head and neck squamous carcinoma, with site activations progressing, including the addition of Mayo Clinic sites [4]. - The trial is designed to include approximately 350 patients and is a two-arm controlled trial with a 2:1 randomization, focusing on median overall survival as the primary endpoint [6]. - The company received FDA Fast Track designation for the combination of Versamune® HPV and pembrolizumab in recurrent/metastatic head and neck squamous carcinoma [6]. Financial Results - For Q1 2025, the reported net loss was approximately $8.5 million, or $0.21 per share, a decrease from a net loss of $10.6 million, or $0.30 per share, in Q1 2024 [6][7]. - Research and development expenses were $5.8 million in Q1 2025, down from $6.7 million in Q1 2024, primarily due to lower clinical trial expenses [7]. - Total operating expenses for Q1 2025 were $9.1 million, compared to approximately $10.1 million in Q1 2024 [8]. Cash Position - As of March 31, 2025, the company's cash balance was $40 million, a slight decrease from $41.7 million as of December 31, 2024 [8][16]. - The company has entered into securities purchase agreements for the sale of 7,330,121 shares of common stock, raising approximately $11 million upon closing, with potential for an additional $11 million from warrant exercises [6]. Upcoming Events - Three abstracts on Versamune® HPV have been selected for presentation at the 2025 American Society of Clinical Oncology Annual Meeting, scheduled for May 30-June 3, 2025 [6].
PDS Biotech Reports First Quarter 2025 Financial Results and Provides Clinical Programs and Corporate Update
GlobeNewswire News Room· 2025-05-14 11:30
Core Insights - PDS Biotechnology Corporation has initiated the VERSATILE-003 Phase 3 clinical trial for its investigational therapy Versamune® HPV targeting recurrent/metastatic HPV16-positive head and neck squamous carcinoma [4][9] - The company reported a net loss of approximately $8.5 million for Q1 2025, a decrease from $10.6 million in Q1 2024, attributed to lower operating expenses and increased tax benefits [6][7] - PDS Biotech's cash balance as of March 31, 2025, was $40 million, down from $41.7 million at the end of 2024 [8][15] Clinical Updates - The VERSATILE-003 trial is designed to include around 350 patients and is a two-arm controlled trial with a 2:1 randomization [6][4] - The primary endpoint of the trial is median overall survival, with interim readouts included in the study design [6][4] - The FDA has granted Fast Track designation for the combination of Versamune® HPV and pembrolizumab in treating recurrent/metastatic HNSCC [6][4] Financial Performance - Research and development expenses for Q1 2025 were $5.8 million, down from $6.7 million in Q1 2024, primarily due to reduced clinical trial expenses [7][6] - General and administrative expenses were slightly lower at $3.3 million for Q1 2025 compared to $3.4 million in Q1 2024 [7][6] - Total operating expenses decreased to $9.1 million in Q1 2025 from approximately $10.1 million in Q1 2024 [8][6] Corporate Developments - Three abstracts on Versamune® HPV were selected for presentation at the 2025 ASCO Annual Meeting scheduled for May 30-June 3, 2025 [6][4] - The company has entered into securities purchase agreements for the sale of 7,330,121 shares of common stock, raising approximately $11 million upon closing [6][4]