Aptorum Group Ltd Stock Price, News & Analysis

Aptorum Group Limited (Nasdaq: APM) announced an upcoming interview with President Darren Lui, to air on The RedChip Money Report on Bloomberg Network, April 24 at 7 p.m. ET. The show reaches 73 million households in the U.S., highlighting Aptorum's commitment to address unmet medical needs in oncology and infectious diseases. The company's pipeline includes drug discovery platforms and collaborations, notably with Accelerate Technologies for rapid pathogen detection diagnostics. For more details, visit www.aptorumgroup.com.

Aptorum Group Limited (Nasdaq: APM) has signed a material transfer and option agreement with Yale University to evaluate preclinical novel immunomodulators targeting autoimmune and oncology diseases. This collaboration includes a potential exclusive license to the associated intellectual property. Aptorum will assess these immunomodulators for various diseases, including lupus and arthritis, and may develop them further. CEO Ian Huen highlighted the initiative's potential to expand Aptorum's drug discovery capabilities, especially in treatments addressing cytokine storms related to COVID-19.

Aptorum Group Limited (Nasdaq: APM, Euronext Paris: APM) announced its 2020 financial results, reporting a net income of $4.9 million, a significant recovery from a net loss of $20.1 million in 2019. This turnaround was largely driven by a $25.2 million gain on marketable securities. The company's R&D expenses increased to $11.6 million due to advancements in project development. It remains focused on its clinical trials for ALS-4 and SACT-1, and plans to distribute a bioactive supplement in 2021. As of December 31, 2020, cash and restricted cash totaled $3.6 million, down from $5.3 million in 2019.

Aptorum Group Limited (Nasdaq: APM) has announced the dosing of its first human subject in a Phase I clinical trial for ALS-4, an orally-administered drug targeting infections from Staphylococcus aureus, including MRSA.

This randomized, double-blinded, placebo-controlled trial will enroll up to 72 healthy volunteers to assess the drug's safety and pharmacokinetics. ALS-4 employs a unique anti-virulence mechanism aimed at enhancing the efficacy of existing antibiotics. The Chief Medical Officer expressed optimism regarding ALS-4's potential in addressing high mortality rates associated with MRSA.

Aptorum Group Limited (Nasdaq: APM, Euronext Paris: APM) announced clearance from the Public Health Agency of Canada for its Clinical Trial Application (CTA) to initiate a Phase 1 study of ALS-4, a novel orally administered drug targeting infections from Staphylococcus aureus, including MRSA. This milestone marks a significant step for Aptorum as it transitions into a clinical-stage company. The trial aims to recruit 48 healthy volunteers for single-ascending doses and 24 for multiple-ascending doses, focusing on the safety, tolerability, and pharmacokinetics of ALS-4.

Aptorum Group Limited (Nasdaq: APM) announced that its 2020 annual general meeting will take place on December 9, 2020, in Hong Kong. Shareholders of record as of October 12, 2020, will be eligible to vote. The company filed its annual report on Form 20-F on April 29, 2020, detailing audited financial statements for the fiscal year ended December 31, 2019. Aptorum focuses on developing therapeutic assets for infectious diseases and cancers, alongside various other health-related projects.

Aptorum Group Limited (Nasdaq:APM) has closed a public offering of 2,769,231 Class A ordinary shares and corresponding warrants at $3.25 per unit, raising approximately $9.0 million in gross proceeds. The funds will be utilized to advance the clinical development of SACT-1 and ALS-4, both targeting critical health challenges, as well as for general corporate purposes. H.C. Wainwright & Co. served as the exclusive placement agent for this transaction, which is part of Aptorum's efforts to address unmet medical needs in infectious diseases and cancers.

Aptorum Group (Nasdaq: APM) has announced the pricing of a public offering involving 2,769,231 Class A ordinary shares and corresponding warrants at a price of $3.25 each, potentially generating gross proceeds of approximately $9.0 million. The funds will primarily be allocated for further analysis of SACT-1 and ALS-4 candidates, facilitating their progression into Phase 1b/2a clinical trials. The offering has been facilitated by H.C. Wainwright & Co. The registration statements for this offering were declared effective by the SEC on September 29, 2020.

Aptorum Group Limited (NASDAQ: APM) will present at the LD 500 investor conference on September 1, 2020, at 9:20 AM EST. President Darren Lui and CEO Herman Weiss will speak to a live audience. The conference runs through September 4, featuring accessible virtual presentations.

Investors can register for 1-on-1 meetings via the event platform. If unable to attend live, webcasts will be available post-event. Aptorum focuses on developing novel therapeutics for unmet medical needs, including orphan and infectious diseases, and is launching a women's health product.