Clinical-stage Biotechnology
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INVESTOR REMINDER: Berger Montague Notifies Skye Bioscience, Inc. (SKYE) Investors of a Class Action Lawsuit and Deadline
TMX Newsfile· 2026-01-05 17:46
Core Viewpoint - A class action lawsuit has been filed against Skye Bioscience, Inc. for allegedly misleading investors regarding the efficacy of its lead product candidate, nimacimab, during the Class Period from November 4, 2024, to October 3, 2025 [1][3]. Company Overview - Skye Bioscience, Inc. is a clinical-stage biotechnology company based in San Diego, focusing on developing treatments for obesity and metabolic diseases [2]. Legal Proceedings - Investors who purchased Skye securities during the Class Period have until January 16, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit claims that Skye failed to disclose that the efficacy of nimacimab was lower than previously represented, leading to an overstatement of the drug's clinical and commercial potential [3]. Stock Performance - Following the announcement of topline data from a Phase 2a study on October 6, 2025, which revealed that the primary endpoint of an 8% weight loss difference compared to placebo was not met, Skye's stock price fell by $2.85 per share, or 60%, closing at $1.90 [4].
Apollomics, Inc. Company Operational Continuity Update
Globenewswire· 2025-10-14 01:22
Core Insights - Apollomics Inc. is a clinical-stage biotechnology company focused on developing innovative oncology therapies, with a pipeline of nine product candidates across 11 programs, including six in clinical development [2] - The company has reversed its plans to wind up operations after securing $4.1 million in PIPE investments and appointing a new management team [4][5] - Apollomics is committed to advancing the global development of APL-101 (vebreltinib) and continuing its clinical trials, particularly the SPARTA trial [5][6] Company Overview - Apollomics is dedicated to transforming cancer treatment for patients with limited options, targeting challenging cancers such as lung and brain cancer [2] - The company employs a strategic approach that includes targeted therapies and immuno-oncology to enhance clinical outcomes [2] Recent Developments - On August 28, 2025, Apollomics announced plans to discontinue clinical trials for APL-101 due to financial concerns, but this decision was reversed following new funding [3][5] - The new management team, led by CEO Howard Chen, has initiated communication with clinical research organizations and licensing partners to ensure continuity in operations and trials [5] Clinical Trials and Future Plans - Apollomics is actively conducting a global Phase 2 trial of APL-101, which has shown positive results in trials involving over 280 patients [2][5] - The company aims to leverage existing approvals for APL-101 in China to pursue regulatory submissions in other regions, including Southeast Asia and the Middle East [6] Workforce and Operations - Apollomics currently has 12 full-time employees, with plans to increase headcount to 15 by October 31, 2025, while reallocating resources to the U.S. and Taiwan [7]
Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) Price Target and Public Offering Overview
Financial Modeling Prep· 2025-10-01 19:10
Core Insights - Enanta Pharmaceuticals is a clinical-stage biotechnology company focused on developing small molecule drugs for virology and immunology [1] - Jefferies analyst Akash Tewari set a price target of $20 for Enanta, indicating a potential upside of approximately 83.74% from the current price of $10.88 [1] - Enanta announced an upsized public offering of 6.5 million shares at $10.00 per share, expected to close on October 2, 2025, to raise capital for research and development [2] Stock Performance - Currently, ENTA is trading at $10.97, reflecting a decrease of approximately 8.35% with a price drop of $1 [3] - The stock has shown volatility, with intraday fluctuations between a low of $9.91 and a high of $11.83 [3] - Over the past year, ENTA has experienced a high of $15.34 and a low of $4.09, indicating significant price movement and investor interest [3] Market Activity - Enanta's market capitalization is approximately $234.5 million, with a trading volume of 2,459,054 shares, suggesting strong investor interest [4] - The recent public offering and the bullish price target from Jefferies have attracted attention from investors [4][5] - The additional capital from the stock offering could support Enanta's growth and innovation in the biotechnology sector [4]
CytoDyn to Present at the AACR Special Conference: Mechanisms of Cancer Immunity and Cancer-related Autoimmunity
Globenewswire· 2025-09-16 12:30
Core Insights - CytoDyn Inc. has been selected for a poster and oral presentation at the AACR Special Conference in Cancer Research, focusing on the effects of leronlimab on metastatic triple-negative breast cancer [1][2] Presentation Details - The oral presentation will be delivered by Dr. Richard Pestell, highlighting the impact of leronlimab on metastatic triple-negative breast cancer [2] - The poster presentation is scheduled for September 26, 2025, from 6:30 p.m. to 8:30 p.m. EDT, while the podium presentation will take place on September 27, 2025, from 10:25 a.m. to 10:40 a.m. EDT [4] Research Findings - Preliminary findings suggest that leronlimab may convert 'cold' tumors into 'hot' tumors, enhancing their responsiveness to checkpoint inhibitors, particularly in aggressive metastatic triple-negative breast cancer [3] - The research aims to elucidate the mechanism of action for leronlimab, which may have broad applicability for solid tumors with limited treatment options [3] Company Overview - CytoDyn is a clinical-stage biotechnology company focused on advancing leronlimab, a first-in-class humanized monoclonal antibody targeting the CCR5 receptor, which plays a crucial role in immune function related to cancer and other diseases [5]
Aptose Biosciences Announces Results of Reconvened Annual and Special Shareholders Meeting and Appointment of Ernst & Young LLP as New Auditor
GlobeNewswire News Room· 2025-08-22 21:01
Core Insights - Aptose Biosciences Inc. is a clinical-stage precision oncology company focused on developing tuspetinib (TUS) as a frontline therapy for newly diagnosed acute myeloid leukemia (AML) [1][4] Group 1: Shareholder Meeting Outcomes - Shareholders voted to appoint Ernst & Young LLP as the independent registered public accounting firm for the Company [2] - The appointment of EY is expected to enhance the Company's growth and commitment to transparency due to their expertise in the life sciences sector [2] Group 2: Funding and Financial Updates - Aptose has received an additional US$1.5 million in funding from Hanmi Pharmaceutical Co. Ltd. as part of an US$8.5 million loan facility agreement [3] - To date, the Company has received a total of US$7.1 million under the Loan Agreement to support the clinical development of tuspetinib [3]
Creative Medical Technology Holdings Receives Notice of Allowance for the Prevention and/or Treatment of Type 1 Diabetes Using Modulated Immune Cells
Globenewswire· 2025-07-17 13:15
Group 1 - Creative Medical Technology Holdings, Inc. has received a Notice of Allowance for a U.S. patent related to the treatment of Type 1 Diabetes, which will be effective until at least 2040 [1][4] - The patent supports a cell-based immunotherapy approach using the ImmCelz product, which involves supercharged T regulatory cells derived from patients with Type 1 Diabetes [2][5] - Type 1 Diabetes is characterized by the immune system attacking insulin-producing beta cells in the pancreas, leading to insulin deficiency [3] Group 2 - The CEO of Creative Medical emphasizes that the use of ImmCelz represents regenerative immunotherapy and highlights the ongoing CREATE-1 clinical trial focused on Type 1 Diabetes [4] - The ImmCelz platform reprograms a patient's immune cells with optimized cell-free factors, enhancing their regenerative properties for potential treatment of various conditions [5][6] - Creative Medical is a clinical-stage biotechnology company specializing in regenerative medicine solutions across multiple indications, including pain management and neurology [6]