Agenus Stock Price, News & Analysis

Agenus Inc. (NASDAQ: AGEN) provided a corporate update and third-quarter 2022 financial results, highlighting the promising Phase 1 study of botensilimab, an anti-CTLA-4 therapy. The company initiated Phase 2 ACTIVATE trials for botensilimab in advanced colorectal cancer and melanoma. The firm ended Q3 with $218 million in cash and reported a net loss of $56.7 million, or $0.19 per share. Revenue for the quarter was $22.8 million, down significantly from the previous year. Agenus plans to present expanded data at the SITC Annual Meeting on November 12.

Agenus (NASDAQ: AGEN) announced it will release its Q2 2022 financial results before the market opens on November 8, 2022. The company will host a conference call at 8:30 a.m. ET to discuss the results and provide updates. On November 12, 2022, Agenus will hold an R&D event titled “The Road Taken” in Boston, featuring insights from oncology experts regarding botensilimab and its development in cold tumors. Investors may access the conference call and R&D event via dial-in and webcast, respectively.

Agenus Inc. has reported positive results from GSK's pivotal Phase III trial of its RSV vaccine for adults over 60, achieving an overall efficacy of 82.6% against RSV lower respiratory tract disease (RSV-LRTD). Notably, the vaccine demonstrated 94.1% efficacy against severe disease and high efficacy rates in those aged 70-79 and with comorbidities. Regulatory filings are expected in the second half of 2022, potentially leading to the approval of one of three vaccines utilizing Agenus' proprietary QS-21 STIMULON adjuvant.

VBI Vaccines and Agenus have announced a collaboration to evaluate VBI-1901, a cancer vaccine, alongside Agenus' balstilimab in a clinical study for frontline Glioblastoma (GBM) patients. The INSIGhT adaptive trial is set to begin around the end of 2022. VBI-1901 has shown promising results in recurrent GBM patients, with one individual experiencing a 93% tumor reduction over two and a half years. GBM is a highly aggressive brain cancer with a low survival rate, underscoring the need for effective treatments.

VBI Vaccines and Agenus announced a collaboration to study VBI-1901, a cancer vaccine, in combination with Agenus's balstilimab for primary glioblastoma (GBM) patients. The INSIGhT adaptive platform trial is set to begin around year-end 2022, focusing on GBM patients post-tumor resection and radiotherapy. Promising results from an ongoing Phase 2a study show one patient sustained a 93% tumor reduction over two and a half years. The collaboration aims to enhance anti-tumor immunity in an area with limited treatment options.

Agenus (NASDAQ: AGEN) has announced an in-person and virtual Research & Development event titled "The Road Taken" on November 12, 2022, from 2:00 p.m. to 5:00 p.m. ET at Prudential Tower, Boston, MA. The event will feature key opinion leaders discussing Agenus’ clinical-stage immunotherapy pipeline, focusing on botensilimab and strategies to overcome immuno-oncology resistance. The scientific program runs from 2:00 p.m. to 4:00 p.m. ET, followed by a reception. Interested parties can register via Agenus Investor Relations.

Agenus (NASDAQ: AGEN) announced the presentation of clinical data on its immuno-oncology programs at the Society for Immunotherapy of Cancer (SITC) 37th Annual Meeting, scheduled for November 8-12, 2022. Key presentations will focus on botensilimab, an anti-CTLA-4 antibody, and its efficacy in cold tumors. Dhan Chand, PhD, will present on enhanced CTLA-4 blockade. The data includes nine cancer indications from a trial involving 264 patients and aims to address heavily pretreated populations. Full abstracts will be released on November 7, 2022.

Agenus (NASDAQ: AGEN) announced the appointments of Patricia Carlos as Chief Regulatory, Quality, and Safety Officer and Todd Yancey, MD as Senior Global Clinical Development, Medical Affairs, and Commercial Advisor. These leaders bring extensive experience to advance Agenus' pipeline, particularly the Phase 2 botensilimab programs targeting MSS colorectal cancer and metastatic melanoma. Carlos has over 20 years in regulatory affairs, while Yancey has 40 years in clinical development.

Agenus has initiated a global Phase 2 program for botensilimab, an Fc-enhanced anti-CTLA-4 therapy, targeting metastatic patients resistant to available treatments. The trials include ACTIVATE-Colorectal and ACTIVATE-Melanoma, focusing on microsatellite stable colorectal cancer and advanced melanoma, respectively. Botensilimab has shown robust clinical activity in nine tumor types, with particularly significant results in MSS colorectal cancer, achieving a 24% response rate. These studies aim to offer transformative treatment options for patients with limited existing therapies.