Aptose Bioscienc Stock Price, News & Analysis

Aptose Biosciences Inc. (Nasdaq: APTO) is set to release its financial results for Q1 2023 on May 8, 2023, after market close, alongside a corporate update. The company is focused on developing innovative oral targeted therapies for hematologic malignancies. Key products under development include tuspetinib, a myeloid kinase inhibitor in Phase 1/2 trials for acute myeloid leukemia, and luxeptinib, a dual kinase inhibitor in Phase 1a/b trials. A dedicated conference call and webcast will occur at 5:00 PM ET on the same day, offering insights into the company's performance and future directions. Analysts can pre-register for a Q&A session to engage further.

Aptose Biosciences Inc. (NASDAQ: APTO, TSX: APS), a clinical-stage precision oncology company, announced that Dr. William G. Rice, Chairman and CEO, will participate in a panel at Canaccord Genuity’s 2023 Horizons in Oncology Virtual Conference on April 20, 2023. The panel discussion, titled New & Better Approaches for Oncology Targets, will take place from 2:00 PM to 2:45 PM and will be moderated by John Newman, Ph.D., a Biotechnology Analyst. In addition, the Aptose management team will host one-on-one meetings during the event. Aptose is focused on developing oral kinase inhibitors targeting hematologic malignancies with two candidates in clinical stages: tuspetinib and luxeptinib. For more information, visit www.aptose.com.

Aptose Biosciences Inc. (Nasdaq: APTO; TSX: APS) announced participation in Cantor Fitzgerald’s The Future of Oncology Virtual Symposium from April 3-5, 2023. The event will feature fireside chats and panel discussions, including one titled “Targeted Therapies in AML”, led by Aptose's Chief Medical Officer, Rafael Bejar, M.D., Ph.D., on April 5 from 12:00 to 12:45 PM Eastern Time. Aptose specializes in developing oral kinase inhibitors for hematologic malignancies, with key candidates being tuspetinib and luxeptinib, aimed at addressing unmet clinical needs in oncology.

Aptose Biosciences announced the initiation of the APTIVATE Expansion Trial for tuspetinib, targeting relapsed/refractory acute myeloid leukemia (AML) patients, including a combination treatment arm with venetoclax. The company reported a net loss of $10 million for Q4 2022, a significant reduction from $24.3 million in Q4 2021, and a total 2022 net loss of $41.8 million, down from $65.4 million in 2021. As of December 31, 2022, Aptose held $47 million in cash and investments, providing sufficient resources for ongoing operations into Q1 2024. The company reports promising early activity data from tuspetinib and plans to present more data throughout the year.

Aptose Biosciences Inc. (Nasdaq: APTO; TSX: APS) released an update concerning its financial situation in light of issues surrounding Silicon Valley Bank (SVB). The company clarifies that it has not entered into any credit lines with SVB and thus has no exposure to related credit facilities. Aptose holds about $0.3 million in deposits with SVB, which exceeds the $250,000 FDIC-insured limit but is not considered material. The company does not anticipate any adverse effects on operations, payroll, or clinical trials, stating that non-SVB institutions manage its investments, ensuring limited risk from SVB's liquidity concerns.

Aptose Biosciences Inc. (Nasdaq: APTO) will announce its financial results for the fourth quarter and full year ending December 31, 2022, on March 23, 2023, after market close. The company, focused on developing oral kinase inhibitors for hematologic malignancies, will also provide a corporate update during the announcement. Interested analysts can participate in a Q&A session following the results by pre-registering for the conference call. The financial statements will be accessible on SEDAR and EDGAR. For more details about Aptose's clinical-stage pipeline and ongoing studies, visit the company's website.