RENO, Nev., Oct. 10, 2025 (GLOBE NEWSWIRE) -- AI Technology Group Inc. (OTCID: AIPG) (the “Company”) announced that it has filed an amended Form 10 with the Securities and Exchange Commission and signed a definitive agreement dated July 31, 2025, to acquire AVM Biotechnology Inc. (“AVM”). Under the agreement, a newly formed subsidiary of Ai Technology Group will merge with AVM, and AVM will become a wholly owned subsidiary at closing, subject to customary closing conditions summarized in the filing. Followi ...

- Orelabrutinib, a highly selective CNS-penetrant, oral small molecule Bruton’s Tyrosine Kinase (BTK) inhibitor with best-in-class potential now in Phase 3 development for progressive forms of Multiple Sclerosis (MS) -  - Pivotal Phase 3 clinical trial evaluating orelabrutinib in patients with Primary Progressive MS (PPMS) initiated; Pivotal Phase 3 clinical trial in patients with Secondary Progressive MS (SPMS) expected to initiate in 1Q 2026 - - A novel oral IL-17AA/AF inhibitor, and an oral, brain-penetr ...

Jade Biosciences (NasdaqCM:JBIO) Update / Briefing October 07, 2025 08:00 AM ET Speaker0Good morning, and welcome to Jade Biosciences J201 Conference Call and Webcast. Please note that this call is being recorded and will be available for replay on jadebisciences.com. At this time, all participants are in a listen only mode. Following the formal remarks, we will open the call for questions. Now I'd like to turn it over to Tom Follick, chief executive officer of Jades Biosciences.Please go ahead, sir.Speaker ...

Core Viewpoint - Barinthus Biotherapeutics and Clywedog Therapeutics have entered into a definitive merger agreement to create a combined company focused on developing therapies for metabolic and autoimmune diseases, with significant clinical milestones expected within 18 months of the transaction closing [1][2][3]. Company Overview - Barinthus Biotherapeutics is an immunology and inflammation company developing therapies that promote immune tolerance, while Clywedog Therapeutics is focused on breakthrough medicines for diabetes [1][18]. - The combined company will be named "Clywedog Therapeutics, Inc." and will trade on NASDAQ under the ticker symbol "CLYD" [2][14]. Transaction Details - The merger is an all-stock transaction, with Barinthus Bio shareholders receiving one share of the new company for each share owned, and Clywedog shareholders receiving approximately 4.36 shares for each share owned [9][13]. - The transaction is expected to close in the first half of 2026, subject to shareholder and regulatory approvals [15][20]. Combined Company Pipeline - The new entity will focus on three clinical-stage product candidates targeting Type 1 diabetes (T1D), Type 2 diabetes (T2D), and celiac disease, with four key clinical milestones anticipated within 18 months [4][11]. - CLY-101, one of the key assets, aims to improve insulin production and glucose control for T1D and T2D, with ongoing Phase 2A studies planned [5][11]. Leadership and Management - Bill Enright, CEO of Barinthus Bio, will lead the combined company, with Dr. Iain Dukes serving as Executive Chairman [3][7]. - The management team will include key executives from both companies, ensuring a blend of expertise in metabolic and autoimmune disease therapies [7][8]. Financial Backing - The combined company will be supported by existing cash and additional investments from OrbiMed and Torrey Pines Investment LLC, along with new investors [2][15].

Usman Azam, M.D., is appointed President and Chief Executive Officer of Cue Biopharma, effective September 29, 2025Daniel Passeri, Chief Executive Officer of Cue Biopharma, transitions to Strategic Advisor to provide ongoing support to the Company Cue Biopharma prioritizes autoimmune disease for next stage of growth with focus on advancing first-in-class tolerogenic biologic CUE-401 into the clinic BOSTON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- -- Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceu ...

Summary of Vor Biopharma (VOR) Conference Call - September 02, 2025 Company Overview - **Company**: Vor Biopharma (VOR) - **Key Asset**: Telitacicept (Teli), a BAFF inhibitor for autoimmune diseases - **Partnership**: RemeGen, a large Chinese biopharma company Industry Insights - **Market Dynamics**: - Significant licensing deals for Chinese assets in the biotech sector - China has a rapidly growing biotech industry, with a pipeline comparable to the U.S. [6][11] - China Health 2030 initiative aims to streamline regulatory processes and clinical trials [12] Core Points and Arguments - **Asset Strength**: - Teli is a dual BAFF and APRIL inhibitor, addressing unmet needs in autoimmune diseases [6][16] - Over 70,000 patients treated in China, providing a robust real-world data set [7][25] - Advanced late-stage product with extensive clinical trial data [7][15] - **Market Potential**: - Myasthenia Gravis (MG) is identified as a key indication with a projected U.S. market of $4 billion, expected to grow to $10 billion by 2030 [19] - Sjögren's syndrome is highlighted as a significant opportunity due to lack of targeted treatments [33] - **Competitive Landscape**: - Teli is positioned as the most advanced BAFF/APRIL inhibitor globally, with a strong safety profile and efficacy data [25][30] - The product aims to address the shortcomings of existing therapies, particularly FCRN inhibitors [26][30] - **Regulatory and Development Strategy**: - Plans to initiate a global Phase III trial for Sjögren's syndrome, already approved by the FDA [35][44] - Ongoing Phase III trial for MG with promising long-term data expected [47] Additional Important Insights - **Data Quality and Transferability**: - Concerns about the transferability of Chinese clinical data to global populations have diminished, with increasing confidence in data integrity [10][11] - The company emphasizes the quality of its partnership with RemeGen, which has strong manufacturing capabilities [13][30] - **Future Milestones**: - Key upcoming data releases include Phase III results for Sjögren's syndrome and long-term MG data [47][48] - The company has approximately $199 million in cash, positioning it well for upcoming trials [49] - **Geopolitical Considerations**: - The partnership with RemeGen is viewed positively despite geopolitical tensions, with a focus on mutual benefits in innovation and market access [53][55] - **Immunology Pipeline**: - There is a growing interest in immunology deals from China, with a significant number of innovative modalities in development [56][57] This summary encapsulates the key points discussed during the conference call, highlighting Vor Biopharma's strategic positioning, market opportunities, and future plans in the context of the evolving biotech landscape.

Core Insights - Novartis announced positive top-line results from the Phase III trial VAYHIT2, evaluating ianalumab plus eltrombopag in patients with primary immune thrombocytopenia (ITP) previously treated with corticosteroids, showing significant prolongation of time to treatment failure (TTF) [1][6] - The study demonstrated a higher rate of sustained improvements in platelet count at six months for patients treated with ianalumab plus eltrombopag, indicating potential for long-term disease control [2][6] - Ianalumab is being investigated for various B cell-driven autoimmune diseases, with ongoing trials expected to yield further data in 2026 and 2027 [1][4] Company Overview - Ianalumab (VAY736) is a fully human monoclonal antibody targeting B cells, showing promising efficacy and safety in treating autoimmune diseases such as ITP and Sjögren's disease [5][6] - Novartis has received Orphan Drug Designation for ianalumab from both the US FDA and the European Medicines Agency, highlighting its potential in treating rare diseases [4][5] - The company aims to reduce the treatment burden for ITP patients by offering a regimen of four once-monthly doses, potentially allowing extended time off treatment [4][6] Industry Context - Primary immune thrombocytopenia (ITP) is a rare autoimmune disorder characterized by low platelet counts, leading to increased bleeding risk and chronic fatigue, necessitating new treatment options [3][7] - Current ITP treatments often require lifelong management, creating a significant treatment burden for patients, which underscores the need for therapies that provide durable responses [3][8] - The VAYHIT2 trial results suggest that ianalumab may address unmet needs in the ITP treatment landscape by offering a novel mechanism of action and improved patient quality of life [3][8]

Core Insights - TG Therapeutics (TGTX) reported Q2 2025 earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.32, compared to $0.04 per share in the same quarter last year [1][6] - Revenues for Q2 reached $141.1 million, a nearly 92% increase year over year, driven by strong demand for Briumvi, surpassing the Zacks Consensus Estimate of $136 million [1][6] Revenue and Sales Performance - Briumvi's net product sales in the U.S. were $138.8 million in Q2, reflecting a 91% year-over-year increase and a 16% sequential increase [4][6] - License, milestone, royalty, and other revenues amounted to $2.3 million in the reported quarter, up from $0.9 million in the year-ago quarter [4] Financial Guidance - TG Therapeutics raised its 2025 revenue guidance to approximately $585 million, up from the previous expectation of $575 million, with Briumvi net product sales projected between $570 million and $575 million in the U.S. [9] - Operating expenses for 2025 are expected to remain around $300 million, unchanged from previous guidance [10] Research and Development - Ongoing studies for Briumvi are targeting other autoimmune diseases, with plans to begin patient enrollment for a phase III pivotal program for subcutaneous Briumvi in RMS later in 2025 [11] - The company is also developing azer-cel, an allogeneic CD19-directed CAR T cell therapy, currently in a phase I study for primary progressive multiple sclerosis [12] Market Reaction - Shares of TG Therapeutics fell 18% on August 4, likely due to the mixed earnings announcement [2] - The stock has declined 4.6% year to date, contrasting with a 0.2% increase in the industry [3]

Financial Data and Key Metrics Changes - Total operating income for Q2 2025 was $967 million, reflecting a 97% year-over-year growth, driven by significant unmet needs in MG and CIDP [13][14] - Product net sales were $949 million, with a quarter-over-quarter growth of 19% or $158 million compared to Q1 2025 [13][14] - The gross to net ratio increased from 12% in 2024 to approximately 20% by the end of Q2 2025 [16][75] - The company reported a profit after tax of $245 million for the quarter, with a year-to-date profit of $415 million [20] Business Line Data and Key Metrics Changes - Plinab achieved a remarkable year-over-year growth of 97% across all approved indications [4] - The company is treating 15,000 patients globally with Vipcart, including 2,500 CIDP patients just one year post-launch [5] - The introduction of the prefilled syringe (PFS) has driven new patient starts and prescriber demand, with 50% of PFS patients being new to the product [24] Market Data and Key Metrics Changes - In the U.S., product net sales reached $802 million, with an 18% quarter-over-quarter growth [14][15] - The contribution from non-U.S. markets now represents over 15% of global product net sales, indicating successful expansion [14] - The company is seeing strong growth in Japan and Germany, with both markets off to a fast start following recent launches [61] Company Strategy and Development Direction - The company’s Vision 2030 roadmap aims for long-term value creation, with a focus on expanding labeled indications and advancing a robust late-stage pipeline [4] - The strategy includes a commitment to innovation, with multiple registrational trials initiated in large market opportunities [4][6] - The company is expanding its immunology innovation platform, with four new molecules in Phase I studies targeting high unmet needs [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential within MG and CIDP, emphasizing the transformative impact of their treatments [30] - The company anticipates data from six Phase III and six Phase II trials over the next eighteen months, which could unlock new patient populations [31] - Management acknowledged the competitive landscape but remains committed to leading through innovation and maintaining high treatment standards [56] Other Important Information - The company has a strong cash position of $3.9 billion, up from $3.4 billion at the beginning of the year, primarily driven by operating cash flow [20][88] - The effective tax rate for the year to date is reported at 15% [19] Q&A Session Summary Question: How have your cycles per year in MG evolved? - Management confirmed that net revenue per patient remains consistent despite a higher gross to net ratio, with no price increases in 2025 [36][37] Question: Can you provide a breakdown of the PFS switches between Hytrula and IV? - Management indicated that Hytrulo is driving the majority of growth, with 50% of PFS patients being new to the product [42] Question: How much of the gMG patient adds were due to the prefilled syringe? - Management noted that the prefilled syringe significantly contributed to patient growth, with a strong prescriber base established [47] Question: What are your thoughts on increasing competition? - Management acknowledged the competitive dynamics but emphasized their commitment to innovation and maintaining leadership in the market [56] Question: Can you comment on the CIDP launch and patient dynamics? - Management reported strong growth in CIDP, primarily from IVIG switches, and noted that they are still early in the launch curve [68][70] Question: What is the outlook for gross margin? - Management expects gross margin to remain around 11%, with offsetting factors affecting cost of sales [66] Question: Can you provide an update on the FDA spares update from June? - Management stated that they are monitoring the situation and have not observed a significant change in the benefit-risk ratio [98][100]

Summary of Nkarta (NKTX) Conference Call - July 30, 2025 Company Overview - Nkarta is focused on developing allogeneic CAR NK cell therapies for autoimmune diseases, particularly targeting B cell mediated immune diseases, having pivoted from oncology to autoimmune indications due to the potential of cell therapy in these areas [2][3][4] Key Points and Arguments Industry and Market Context - The cell therapy landscape is evolving, with significant interest in CAR NK therapies for autoimmune diseases, inspired by successful CAR T cell data [3][20] - The safety profile of NK cells is favorable compared to CAR T cells, with no high-grade cytokine release syndrome (CRS) or neurotoxicity observed in trials [4][21][56] Product Pipeline - Nkarta's lead program, NKX019, targets CD19 and is currently in IND studies for lupus nephritis, primary membranous nephropathy, systemic sclerosis, myositis, and onc-associated vasculitis [6][25] - The company is conducting a phase one trial for NKX019, focusing on dose escalation and early safety and pharmacology [24][51] Clinical Efficacy and Safety - Early readouts from the NKX019 trial will focus on clinical markers such as creatinine levels, protein in urine, and glomerular filtration rate (GFR), which are critical for assessing kidney function in autoimmune renal diseases [25][26] - The updated lymphodepletion regimen now includes fludarabine, aligning with standard practices in cell therapy to enhance B cell depletion [27][28] Competitive Advantages - CAR NK cells are designed to be off-the-shelf, scalable, and do not require leukapheresis, making them more accessible for patients compared to CAR T therapies [4][14][21] - The potential for outpatient administration of CAR NK therapies could significantly broaden access and reduce the burden on healthcare facilities [67][70] Future Outlook - Initial data from NKX019 is expected in the second half of 2025, with ongoing enrollment in the trial [51][72] - The company has a strong cash position of approximately $350 million, providing a runway into 2029 to support ongoing trials without immediate capital raising pressures [71][72] Additional Important Insights - The shift from oncology to autoimmune diseases is seen as a strategic move, with the need for accessible therapies in the rheumatology and nephrology fields being emphasized [20][66] - The potential for durable responses and immune reset in treatment-refractory autoimmune conditions represents a significant advancement in the field [37][39] - Nkarta is exploring additional indications beyond lupus nephritis, including myositis and systemic sclerosis, indicating a broadening of their therapeutic focus [46][48] Conclusion - Nkarta is positioned to leverage its CAR NK cell therapy platform to address significant unmet needs in autoimmune diseases, with a focus on safety, accessibility, and clinical efficacy. The upcoming data readouts and ongoing trials will be critical in determining the future trajectory of the company's product offerings and market positioning [76]