Agenus Stock Price, News & Analysis

Agenus has entered into a definitive licensing agreement with Bristol-Myers Squibb granting the latter a global exclusive license to AGEN1777, a bispecific antibody in late preclinical development targeting TIGIT and another undisclosed receptor. Agenus will receive a $200 million upfront payment and up to $1.36 billion in milestone payments, along with tiered royalties on sales. Bristol-Myers Squibb will lead the development and commercialization of AGEN1777, which aims to improve anti-tumor activity in non-small cell lung cancer and other high-priority tumors.

Bristol-Myers Squibb (BMY) has secured a global exclusive license for Agenus' bispecific antibody AGEN1777, targeting TIGIT. The deal entails a $200 million upfront payment and additional potential milestones totaling up to $1.36 billion, plus royalties on sales. AGEN1777, designed to enhance anti-tumor activities, is currently in late preclinical development, with an IND application expected in Q2 2021. Bristol-Myers Squibb aims to advance AGEN1777 for high-priority tumor indications like non-small cell lung cancer, highlighting its commitment to immuno-oncology.

Agenus Inc. (NASDAQ: AGEN) submitted a Biologics License Application (BLA) to the FDA for balstilimab aimed at treating recurrent/metastatic cervical cancer. The submission is based on promising clinical data showing response rates of 20% for PD-L1 positive tumors and 15% for all tumors. Additionally, data for balstilimab and AGEN2373 will be showcased at the upcoming ASCO meeting. The company also initiated a Phase 1 trial for iNKT cell therapy targeting cancer and ARDS related to COVID-19. Financially, Agenus reported a net loss of $54 million for Q1 2021.

Agenus (NASDAQ: AGEN) announced two presentations at the 2021 ASCO Annual Meeting, scheduled for June 4-8, 2021. The presentations include:

• Balstilimab: A PD-1 inhibitor with a differentiated activity profile (Abstract #5529, Gynecologic Cancer).
• AGEN2373: A first-in-human Phase I study of a CD137 agonist antibody in advanced solid tumors (Abstract #2634, Developmental Therapeutics - Immunotherapy).

Full abstracts will be released on May 19. Balstilimab is under FDA review for treating recurrent/metastatic cervical cancer.

Agenus (NASDAQ: AGEN) will release its first quarter 2021 financial results on May 6, 2021, before the market opens. A conference call and webcast will take place at 8:30 a.m. ET to discuss the results along with a corporate update. The company specializes in immuno-oncology with a focus on therapies that utilize the body's immune system to combat cancer. Agenus is headquartered in Lexington, MA, and emphasizes a diverse pipeline of treatments including checkpoint antibodies, cell therapies, and cancer vaccines.

Agenus Inc. has submitted a Biologics License Application (BLA) to the FDA for accelerated approval of balstilimab, an anti-PD-1 antibody for recurrent or metastatic cervical cancer. The submission is based on a Phase 2 trial showing a 20% response rate in PD-L1 positive tumors and a median response duration of 15.4 months. This approval could significantly enhance treatment options for women with limited therapies available. Fast Track designation was previously granted in April 2020 due to unmet medical needs.

Agenus Inc. (NASDAQ: AGEN) announced the dosing of the first patient with agenT-797, an allogeneic iNKT cell therapy, in a Phase 1 clinical trial targeting hematologic cancers. This trial, led by the Dana-Farber Cancer Institute, aims to assess safety and preliminary efficacy, with initial data expected in Q4 2021. The iNKT cell therapy, which previously showed promise for COVID-19, is believed to offer a safer, more accessible treatment option for various cancers. Agenus leverages its extensive portfolio of checkpoint antibodies for optimal therapeutic combinations.

Agenus (NASDAQ: AGEN) presented new clinical data on AGEN1181, a next-generation anti-CTLA-4 antibody, at the American Association for Cancer Research Annual Meeting. Notable responses were observed across various tumor types, including melanoma and ovarian cancer, with emphasis on patients typically unresponsive to other immuno-oncology treatments. The promising safety profile revealed no significant immune-mediated side effects. Following these findings, Agenus is expanding AGEN1181 into Phase 2 trials for colorectal cancer, indicating potential growth and continued development in immunotherapy.

Agenus Inc. (NASDAQ: AGEN) reported fourth quarter and full year 2020 results, recognizing revenue of $88 million, down from $150 million in 2019. The company experienced a net loss of $183 million for 2020 versus $112 million the previous year. Key highlights include the ongoing BLA filing for balstilimab with expected completion in 1H 2021, positive clinical data for AGEN1181 and AGEN1777, and plans for upcoming trials in cancer and COVID-19. The company anticipates significant growth from its pipeline and strategic partnerships.