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INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sana Biotechnology
Newsfilter· 2025-04-09 15:40
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sana Biotechnology, Inc. for alleged violations of federal securities laws, particularly regarding misleading statements about the company's financial health and product development [3][5]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses in Sana between March 17, 2023, and November 4, 2024, to discuss their legal rights [1][3]. - A federal securities class action has been filed against Sana, with a deadline of May 20, 2025, for investors to seek the role of lead plaintiff [3][9]. - The complaint alleges that Sana and its executives made false statements about the company's financial capacity and the potential of its product candidates [5]. Group 2: Company Financials and Operations - On October 10, 2023, Sana announced a strategic shift to reduce spending on its fusogen platform and focus on its ex vivo cell therapy platform, resulting in a 29% headcount reduction [6][7]. - Following this announcement, Sana's stock price fell by $0.34 per share, or 8.95%, closing at $3.46 per share on October 11, 2023 [7]. - On November 4, 2024, Sana suspended development of SC291 and SC379, reallocating resources to its type 1 diabetes program, which extended its cash runway into 2026 [8]. - After this announcement, Sana's stock price dropped by $0.37 per share, or 9.84%, closing at $3.39 per share on November 5, 2024 [8].
Oragenics, Inc. Announces Health and Disability Ethics Committee Submission for Phase IIa Concussion Trial
Globenewswire· 2025-04-09 12:58
Core Viewpoint - Oragenics, Inc. has submitted a clinical trial protocol for its neurosteroid therapy ONP-002 to the Health and Disability Ethics Committee in New Zealand, marking a significant step in the development of treatments for mild traumatic brain injury (mTBI) or concussion [1][2][3] Company Overview - Oragenics, Inc. is a biotechnology company focused on developing intranasal therapeutics for neurological disorders, with ONP-002 as its lead candidate for treating mTBI or concussion [4] - The company is also advancing proprietary powder formulations and intranasal delivery technology to enhance drug administration [4] Clinical Trial Details - The Phase II clinical trial for ONP-002 aims to evaluate its efficacy in treating mTBI or concussion, with patient enrollment planned in both Australia and New Zealand [2][3] - The trial will be conducted at Christchurch Hospital, the largest tertiary, teaching, and research hospital on New Zealand's South Island, which treats over 83,000 patients annually [2][3] Treatment Significance - There are currently no pharmaceutical therapies available for treating concussion, highlighting an unmet medical need [3] - ONP-002 is designed for intranasal administration, providing a non-invasive and efficient route for drug delivery to the brain, and has shown promising results in preclinical models [3]
Anixa Biosciences Receives Notice of Allowance from U.S. Patent and Trademark Office for Patent Covering Breast Cancer Vaccine Technology
Prnewswire· 2025-04-09 12:00
Core Points - Anixa Biosciences has received a Notice of Allowance for a new patent related to its breast cancer vaccine technology, which broadens the scope of immunogenic compositions used in the vaccine [1][2] - The patent covers methods of immunizing patients against breast cancer using an immunogenic composition containing the human α-lactalbumin protein, which is expressed in certain breast cancers [2] - The CEO of Anixa highlighted that this patent enhances the company's intellectual property portfolio, which includes multiple issued and pending patents in the U.S. and internationally [3] Company Overview - Anixa Biosciences is a clinical-stage biotechnology company focused on cancer treatment and prevention, with a therapeutic portfolio that includes an ovarian cancer immunotherapy program developed in collaboration with Moffitt Cancer Center [3] - The company's vaccine portfolio includes vaccines for breast and ovarian cancer, as well as other cancer vaccines targeting high incidence malignancies such as lung, colon, and prostate cancers [3] - Anixa's business model involves partnerships with renowned research institutions, allowing the company to explore emerging technologies for further development and commercialization [3]
Solid Biosciences: A Strong Buy As An Emerging Biotech In The Gene Therapy Space
Seeking Alpha· 2025-04-08 20:50
Group 1 - Solid Biosciences Inc. (NASDAQ: SLDB) is potentially repositioning itself in a sector that has recently faced significant scrutiny [1] - The company's lead candidate is still in early-stage trials but has demonstrated encouraging results [1]
Artiva Biotherapeutics Appoints Subhashis Banerjee, M.D., as Chief Medical Officer
Globenewswire· 2025-04-08 20:05
Core Insights - Artiva Biotherapeutics has appointed Dr. Subhashis Banerjee as Chief Medical Officer, enhancing its development team focused on autoimmune diseases and cell therapy [1][2] - Dr. Banerjee has over 20 years of clinical development experience, previously holding significant roles at Bristol Myers Squibb and VYNE Therapeutics [1][2] - The company aims to advance its AlloNK® program for treating B-cell driven autoimmune diseases, leveraging Dr. Banerjee's expertise in regulatory approval of major therapies [2][5] Company Overview - Artiva Biotherapeutics is a clinical-stage biotechnology company dedicated to developing safe and effective cell therapies for autoimmune diseases and cancers [5][6] - The lead program, AlloNK®, is a non-genetically modified NK cell therapy designed to enhance the efficacy of monoclonal antibodies for B-cell depletion [5] - Artiva was founded in 2019 as a spin-out from GC Cell, holding exclusive rights to NK cell manufacturing technology outside of Asia, Australia, and New Zealand [5] Recent Appointments - Dr. David Moriarty has been appointed as SVP of Clinical Operations, bringing nearly 25 years of experience in clinical research related to cell therapy and autoimmune diseases [3][4] - Benjamin Dewees has joined as SVP of Regulatory Affairs, with over 25 years of experience in regulatory affairs across various therapeutic areas [9] - Feng Xu has been appointed as SVP of Biometrics, contributing over 20 years of clinical development experience, including successful global regulatory filings [9]
FibroBiologics Unveils New and Expanded Houston Laboratory Space to Pursue Innovation and Breakthroughs in Fibroblast-Based Therapeutics
Newsfilter· 2025-04-08 12:30
Core Insights - FibroBiologics, Inc. has opened a new laboratory facility to enhance its research capabilities for chronic disease therapeutics using fibroblast technology [1][2][3] - The new facility spans over 10,000 square feet and will support in-house GMP manufacturing for drug product candidates [2][3] - The expansion aims to accelerate innovation, increase research efficiency, and reduce reliance on external partners [3] Company Overview - FibroBiologics is a clinical-stage biotechnology company based in Houston, focusing on developing treatments and potential cures for chronic diseases through fibroblast cells and materials [6] - The company holds over 240 patents issued and pending, covering various clinical pathways including wound healing, multiple sclerosis, and cancer [6] Future Plans - The company plans to hire additional researchers to support the new laboratory and its mission to combat chronic diseases [2][3] - The expansion is expected to facilitate the exploration of a broader pipeline of therapeutic candidates and enhance collaboration among research teams [3]
Oragenics, Inc. Participates in the 3rd Nasal Formulation & Delivery Summit
Newsfilter· 2025-04-07 20:30
Core Insights - Oragenics, Inc. is focused on developing novel intranasal therapies for brain-related disorders, particularly targeting mild traumatic brain injury (mTBI) or concussion [1][4] - The company’s lead candidate, ONP-002, utilizes intranasal administration for rapid absorption and targeted delivery to the brain [3][4] Industry Developments - The 3rd Nasal Formulation & Delivery Summit highlighted innovations in intranasal drug delivery, emphasizing CNS therapeutics, emergency-use treatments, and applications for infectious diseases [2] - Dr. James Kelly, Chief Medical Officer of Oragenics, participated in a panel discussion, sharing insights on optimizing intranasal drug delivery and its benefits for neurological treatments [2][3] Company Commitment - Oragenics' involvement in the summit reflects its dedication to advancing non-invasive CNS therapeutics and engaging with the intranasal research community [3]
Oragenics, Inc. Participates in the 3rd Nasal Formulation & Delivery Summit
Globenewswire· 2025-04-07 20:30
Core Insights - Oragenics, Inc. is focused on developing novel intranasal therapies for brain-related disorders, particularly its lead candidate ONP-002 for mild traumatic brain injury (mTBI) [1][4] - The company participated in the 3rd Nasal Formulation & Delivery Summit, highlighting its commitment to innovation in non-invasive CNS therapeutics [1][3] Company Developments - Dr. James Kelly, Chief Medical Officer of Oragenics, shared insights on optimizing intranasal drug delivery and its advantages in neurological treatment during the summit [2] - ONP-002 is designed for rapid absorption and targeted brain delivery through intranasal administration, aiming to improve outcomes for concussion patients [3][4] Industry Context - The summit gathered industry leaders to discuss innovations in intranasal drug delivery, focusing on CNS therapeutics, emergency-use treatments, and infectious disease applications [2]
NKGen Biotech Presents Data from Phase 1/2a Clinical Trial of Troculeucel in Moderate Alzheimer’s Disease at the International Conference on Alzheimer’s and Parkinson’s Diseases (AD/PD™ 2025)
Globenewswire· 2025-04-07 12:05
Core Insights - NKGen Biotech, Inc. presented updated Phase 1 clinical data for troculeucel, a novel NK cell therapy for moderate Alzheimer's disease, at the AD/PD™ 2025 conference [3][4] - The highest dose of troculeucel administered was 6 billion cells per treatment, with significant cognitive improvements observed in two out of three patients after 12 months [1][4][5] - The company plans to evaluate troculeucel's safety and efficacy in a randomized, placebo-controlled Phase 2a trial [2][4] Group 1: Clinical Trial Results - In the Phase 1/2a trial, three patients received troculeucel intravenously every three weeks, with two patients completing 17 doses and one patient completing 10 doses [4] - After 12 months, two patients improved from moderate to mild Alzheimer's disease, with one patient achieving a CDR-SB score of 4.5 [1][4][5] - No drug-related adverse reactions were reported, and all patients showed stable or improved cognitive scores across various scales [4][5] Group 2: Biomarker Analysis - At 6 months, all patients exhibited decreased levels of Glial Fibrillary Acidic Protein (GFAP) in both CSF and plasma, correlating with cognitive improvements [4][5] - Improvements in the CSF and plasma Amyloid Beta (Aβ) 42/40 ratio were noted at 12 months, while p-Tau levels remained stable [4][5] Group 3: Company Overview - NKGen Biotech is focused on developing innovative autologous and allogeneic NK cell therapeutics for neurodegenerative disorders and cancers [6][7] - Troculeucel is the International Nonproprietary Name (INN) for SNK01, marking a significant step towards market introduction [6]
Transactions In Connection with Share Buy-back Program
Globenewswire· 2025-04-07 11:43
Company Announcement COPENHAGEN, Denmark; April 7, 2025 – Genmab A/S (Nasdaq: GMAB). On March 25, 2025, Genmab announced the initiation of a share buy-back program to repurchase up to 2.2 million shares to reduce capital and to honor our commitments under the Restricted Stock Unit program. The share buy-back program is expected to be completed no later than July 10, 2025. The following transactions were executed under the program from March 31 to April 4, 2025: Trading PlatformNo. of sharesAverage price (D ...