ARCELLX INC Stock Price, News & Analysis

Arcellx, Inc. (NASDAQ: ACLX), a biotechnology firm specializing in immunotherapies for cancer and other severe diseases, will participate in the Canaccord Genuity 2023 Horizons in Oncology Virtual Conference on April 20, 2023, at 1:00 p.m. ET. This session will be a fireside chat featuring company management.

A live webcast will be available on Arcellx's website, and a replay will be accessible for 30 days post-event. Arcellx focuses on innovative cell therapies, including its lead candidate, CART-ddBCMA, targeting relapsed or refractory multiple myeloma, currently in a Phase 2 trial. The FDA has granted it several designations, including Fast Track and Orphan Drug.

Arcellx, Inc. (NASDAQ: ACLX) reported significant business highlights and financial results for Q4 and the year ended December 31, 2022. The company signed a strategic collaboration with Kite to co-develop CART-ddBCMA for multiple myeloma, receiving $225 million upfront and a $100 million equity investment. In clinical trials, CART-ddBCMA showed a 100% overall response rate in a Phase 1 trial. However, R&D expenses surged to $149.6 million for 2022 due to non-cash expenses and increased headcount. Arcellx ended 2022 with $254.8 million in cash, positioning it well for further pipeline development.

Arcellx, Inc. (NASDAQ: ACLX), a biotechnology company focused on innovative immunotherapies for cancer, announced participation in a fireside chat at the H.C. Wainwright Cell Therapy Virtual Conference on February 28, 2023, at 1:00 p.m. ET. A live webcast will be available on Arcellx's website in the Investors section, with a replay accessible for 30 days. Arcellx is advancing its lead candidate, CART-ddBCMA, for relapsed or refractory multiple myeloma and is also developing the dosable CAR-T therapy, ARC-SparX. The company holds multiple FDA designations for its therapies, reinforcing its commitment to advancing cell therapy.

Arcellx, Inc. (NASDAQ: ACLX), a biotechnology firm focused on innovative immunotherapies for cancer, announced its participation in two upcoming investor conferences. The Guggenheim Oncology Conference will feature a fireside chat on February 9, 2023, at 11:20 a.m. ET, while the SVB Securities Global Biopharma Conference will be held virtually on February 16, 2023, at 3:00 p.m. ET. Live webcasts will be available on Arcellx's website with replays archived for 30 days. Arcellx is advancing its lead candidate, CART-ddBCMA, in pivotal trials for multiple myeloma, supported by several FDA designations.

On January 29, 2023, Kite, a Gilead company (NASDAQ: GILD), and Arcellx (NASDAQ: ACLX) announced the completion of a global strategic collaboration to co-develop and co-commercialize CART-ddBCMA, a late-stage product candidate for treating relapsed or refractory multiple myeloma. Currently in a Phase 2 pivotal trial, CART-ddBCMA leverages a novel synthetic binder technology. The collaboration will allow Kite to commercialize the therapy outside the U.S., while both companies will advance the asset in the U.S. This partnership aims to address the urgent need for effective therapies in treating multiple myeloma, an incurable cancer for most patients.

Kite and Arcellx have announced a global collaboration to co-develop the CART-ddBCMA therapy for relapsed or refractory multiple myeloma. Kite will provide an upfront payment of $225 million and a $100 million equity investment. The companies will share development and commercialization costs, splitting U.S. profits 50/50. The partnership aims to address the significant unmet need in multiple myeloma treatment.

The transaction is expected to close in Q1 2023 and may reduce Gilead's EPS by approximately $0.16. The collaboration capitalizes on Kite's leadership in cell therapy and Arcellx's innovative approach.