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MiNK Therapeutics to Report Third Quarter 2025 Financial Results and Highlight Clinical and Corporate Milestones Advancing iNKT Platform Toward Pivotal Development
Globenewswire· 2025-11-05 14:07
Core Insights - MiNK Therapeutics, Inc. is set to release its Q3 2025 financial results on November 14, 2025, before market opening [1] - The company recently presented new clinical data for its agenT-797 iNKT cell therapy at the 2025 SITC Annual Meeting, showing durable immune reconstitution and activity in patients with advanced solid tumors [2] - A conference call and webcast will be held on the same day to discuss financial results, clinical progress, and upcoming milestones [2] Company Overview - MiNK Therapeutics is a clinical-stage biopharmaceutical company focused on developing allogeneic invariant natural killer T (iNKT) cell therapies and precision immune modulators [4] - The lead candidate, agenT-797, is an off-the-shelf, cryopreserved iNKT cell therapy currently in clinical trials for solid tumors, graft-versus-host disease (GvHD), and critical pulmonary immune failure [5] - The company aims to deliver durable, accessible, and globally deployable immune reconstitution therapies through a scalable manufacturing process [5]
MiNK Therapeutics Reports Clinical and Strategic Milestones and Second Quarter 2025 Results
Globenewswire· 2025-08-14 11:30
Core Viewpoint - MiNK Therapeutics, Inc. reported significant clinical advancements and financial results for Q2 2025, highlighting a strengthened balance sheet and expanded funding to support its oncology and immunology programs [1][2]. Group 1: Clinical Achievements - The company demonstrated impactful clinical results, including a landmark case of durable complete remission in a patient with treatment-refractory metastatic testicular cancer following a single infusion of agenT-797 [6]. - MiNK's platform was featured in a peer-reviewed review, showcasing the potential of iNKT cells to remodel the tumor microenvironment and overcome therapeutic resistance [6]. Group 2: Financial Highlights - MiNK ended Q2 2025 with approximately $1.6 million in cash and cash equivalents, and raised an additional $13 million through equity sales, extending its cash runway beyond mid-2026 [6][7]. - The net loss for Q2 2025 was $4.2 million, or $1.06 per share, compared to a net loss of $2.7 million, or $0.73 per share for Q2 2024 [8]. - For the first half of 2025, the net loss was $7 million, or $1.76 per share, compared to $6.5 million, or $1.82 per share for the first half of 2024 [8]. Group 3: Funding and Grants - The company announced a Department of Defense STTR grant to advance the development of iNKTs for graft-versus-host disease (GvHD) prevention and treatment [5][6]. - A new clinical grant was awarded to initiate a first-in-human clinical trial of iNKTs in GvHD, with a target initiation in the second half of 2025 [5][6]. Group 4: Future Outlook - The company anticipates additional clinical readouts in 2025 from its Phase 2 trial of agenT-797 in second-line gastric cancer [6].
MiNK Therapeutics Reports Fourth Quarter & Full Year 2024 Results and Highlights Business Progress
Newsfilter· 2025-03-18 11:30
Core Insights - MiNK Therapeutics, Inc. reported significant business progress and clinical advancements in its fourth quarter and full year 2024 financial results, emphasizing its commitment to developing allogeneic, off-the-shelf invariant natural killer T (iNKT) cell therapies for challenging cancers and immune-related disorders [1][2] Operational Highlights - The company made substantial clinical strides, enhanced its manufacturing capabilities, and established strategic alliances throughout 2024 [2] - MiNK's rapid AI-driven drug discovery platform is generating a library of phosphorylated neoantigens and proprietary TCRs, positioning the company to set a new standard in oncology [2][6] Clinical Advancements - AgenT-797 demonstrated enhanced immune activation and improved efficacy of checkpoint inhibitors in heavily pretreated patients, with ongoing Phase 2 trials in advanced gastric cancer showing promising early data [7] - The therapy also showed an approximately 80% survival rate in acute respiratory distress patients compared to 10% in hospital controls, with late-stage trials planned [7] - MiNK's PRAME-TCR iNKTs exhibited high specificity and potent tumor-killing capabilities against resistant cancer targets [7] - MiNK-215 (IL-15 Armored CAR-iNKT) displayed robust anti-tumor activity in metastatic colorectal cancer models [7] Strategic Growth and Manufacturing Optimization - MiNK's advanced manufacturing process allows for the production of billions of donor-derived iNKT cells per run, facilitating rapid global distribution and enhancing patient access [7] - The company entered a research collaboration with Autonomous Therapeutics to develop precision RNA-iNKT therapies for metastatic tumors [7] Financial Highlights - MiNK raised $5.8 million in private financing in 2024 and ended the year with a cash balance of $4.6 million [8][9] - Cash used in operations decreased to $1.7 million for Q4 2024 from $3.0 million in Q4 2023, and for the full year, it decreased to $9.6 million from $15.8 million [8][10] - The net loss for 2024 was $10.8 million, or $2.86 per share, a significant reduction from a net loss of $22.5 million, or $6.54 per share, in 2023 [8][12]