Core Viewpoint - Immutep Limited is advancing its clinical-stage biotechnology programs focused on LAG-3 immunotherapies for cancer and autoimmune diseases, with significant progress in multiple trials and a strong financial position as of June 30, 2025 [2][21]. Oncology Development Program - The TACTI-004 Phase III trial for advanced non-small cell lung cancer (NSCLC) is ongoing, with 78 sites across 23 countries activated for patient recruitment [3][4]. - The trial evaluates eftilagimod alfa (efti) in combination with KEYTRUDA® and chemotherapy, aiming to randomize approximately 756 patients [4]. - Immutep reported a 60.8% response rate and a 90.2% disease control rate in the INSIGHT-003 Phase I trial for non-squamous 1L NSCLC [6]. - In patients with TPS <50%, the triple combination achieved a 59.6% response rate compared to a historical control of 40.8% [7][8]. - The TACTI-003 Phase IIb trial for head and neck cancer showed a median overall survival of 17.6 months, outperforming historical standards of care [9][10]. - The EFTISARC-NEO Phase II trial for soft tissue sarcoma met its primary endpoint, significantly exceeding historical data for tumor hyalinization/fibrosis [12][13]. Autoimmune Disease Development Program - The Phase I trial of IMP761, a LAG-3 agonist antibody, demonstrated significant T cell suppression with a favorable safety profile at a dosing level of 0.9 mg/kg [16][17]. - Initial pharmacodynamic data indicated an 80% reduction in T cell activity, highlighting the potential efficacy of IMP761 in treating autoimmune diseases [18]. Intellectual Property - Immutep was granted four new patents during the quarter, including two for efti in combination with a PD-1 pathway inhibitor and two for IMP761 [19]. Corporate & Financial Summary - The company appointed Stephan Winckels as Chief Medical Officer, bringing over 15 years of oncology drug development experience [20]. - As of June 30, 2025, Immutep reported a cash position of approximately A$129.69 million, exceeding budget expectations [22]. - The net cash used in R&D activities during the quarter was A$15.66 million, reflecting increased clinical trial activities [23].

Core Insights - IO Biotech is advancing novel immune-modulatory therapeutic cancer vaccines, with a focus on reshaping the tumor microenvironment and enhancing T cell activation [1][2][3] Company Overview - IO Biotech is a clinical-stage biopharmaceutical company based in Copenhagen, Denmark, with a US headquarters in New York, specializing in off-the-shelf therapeutic cancer vaccines [3] - The company is developing its lead investigational cancer vaccine candidate, Cylembio® (IO102-IO103), which has received Breakthrough Therapy Designation from the FDA for advanced melanoma treatment [3] Scientific Contributions - Dr. Mads Hald Andersen, a co-founder of IO Biotech, presented at the 2025 AACR Annual Meeting, discussing advancements in cancer vaccine research and the dual mechanism of action of IO102-IO103 [1][2] - The vaccine targets both tumor cells and immune-suppressive cells, potentially reprogramming the tumor microenvironment to be more immune-permissive [2] Research and Development - The educational session at AACR highlighted key developments in RNA-based and immune-modulatory vaccines, showcasing the latest innovations in cancer immunotherapy [1][2] - IO Biotech's T-win® platform is designed to activate T cells against both tumor and immune-suppressive cells, representing a novel approach in cancer vaccine development [3]

Core Viewpoint - Vaccinex, Inc. has decided to delist its common stock from Nasdaq following a suspension of trading since December 18, 2024, due to a notice from the Nasdaq Hearings Panel [1][2] Company Overview - Vaccinex, Inc. is a clinical-stage biotechnology company focused on treating neurodegenerative diseases and cancer by inhibiting SEMA4D, which is believed to trigger damaging inflammation [1][4] - The company's lead product, pepinemab, is designed to block SEMA4D and is being evaluated for Alzheimer's disease and various cancers [4][7] Delisting Details - The company plans to file a Form 25 with the Securities and Exchange Commission around March 17, 2025, to officially remove its common stock from Nasdaq [2] - The decision to delist follows a notice from Nasdaq regarding the delisting of the company's securities [2] Product Development Focus - Vaccinex aims to continue the development of pepinemab through partnerships, grants, and other financing avenues [3] - Pepinemab has been studied in clinical trials for Alzheimer's disease and is also being evaluated in combination therapies for cancer, including studies with KEYTRUDA® and BAVENCIO® [4][5]

Core Insights - CytomX Therapeutics reported its 2024 financial results and provided a business update, emphasizing the advancement of its clinical pipeline and the prioritization of CX-2051 for colorectal cancer treatment [1][2][11]. Financial Performance - Total revenue for 2024 was $138.1 million, an increase from $101.2 million in 2023, primarily driven by collaborations with Bristol Myers Squibb, Moderna, Astellas, and Regeneron [11]. - Operating expenses rose to $113.1 million in 2024 from $107.7 million in 2023, largely due to a $5 million milestone payment to AbbVie for the CX-2051 program [12][13]. - The company ended 2024 with cash, cash equivalents, and investments totaling $100.6 million, down from $174.5 million at the end of 2023 [10]. Clinical Pipeline Updates - CX-2051, a masked EpCAM-targeting ADC, is the lead program, currently in Phase 1a study for advanced colorectal cancer, with initial data expected in the first half of 2025 [6][7][3]. - The Phase 1 study of CX-2051 began in April 2024, focusing on patients with advanced metastatic colorectal cancer who have received multiple prior therapies [7]. - CX-801, another program, is expected to present Phase 1a translational data in advanced melanoma in the second half of 2025 [8]. Strategic Priorities - The company aims to extend its cash runway into Q2 2026 through cost reductions and focused clinical development, following a 40% reduction in organizational headcount announced in January 2025 [15][16]. - CytomX has established collaborations with major oncology players, including Amgen, Astellas, Bristol Myers Squibb, Regeneron, and Moderna, to enhance its research and development efforts [15][16].