Aptevo Therapeutics (APVO) Stock News

Aptevo Therapeutics (NASDAQ:APVO) reported promising clinical data from its Phase 1b/2 RAINIER trial evaluating mipletamig, a CD123 x CD3 bispecific antibody, combined with venetoclax and azacitidine for frontline AML patients unfit for intensive chemotherapy. The triplet therapy achieved an impressive 85% remission rate across two trials, significantly outperforming competitor studies. Notable safety outcomes include no cytokine release syndrome (CRS) in cohorts 1 and 2. Three patients with poor prognosis achieved complete remission, with one successfully proceeding to transplant. The trial's Cohort 3 is nearing full enrollment at the highest dose level. Mipletamig's unique CRIS-7 binding domain engineering strategy demonstrates potential in mitigating cytokine-related toxicity while maintaining anti-cancer activity.

Aptevo Therapeutics (NASDAQ:APVO), a clinical-stage biotech company specializing in immuno-oncology therapeutics through its ADAPTIR® and ADAPTIR-FLEX® platforms, announced its participation in the BIO International Convention from June 16-19, 2025, in Boston, MA. The event, recognized as the largest biotech industry conference of the year, is expected to draw over 18,000 global attendees. Aptevo will be represented by Dr. Michelle N. Nelson, Director of Immunobiology, and SoYoung Kwon, SVP, General Counsel and Head of Business Development.

Aptevo Therapeutics (NASDAQ:APVO) has announced a 1-for-20 reverse stock split effective May 23, 2025, at 5:01 p.m. Eastern Time. Trading on the adjusted basis will begin on May 27, 2025. The reverse split will reduce outstanding shares from approximately 13.5 million to 0.7 million.

The measure, approved by stockholders on May 14, 2025, and finalized by the Board on May 21, 2025, is part of the company's strategy to maintain Nasdaq Capital Market listing compliance. The split will affect all outstanding shares, options, restricted stock units, and warrants. No fractional shares will be issued, with cash payments provided instead. The trading symbol "APVO" and the stock's par value of $0.001 will remain unchanged.

Aptevo Therapeutics (NASDAQ: APVO) reported significant progress in its RAINIER Phase 1b/2 trial for mipletamig, a treatment for frontline acute myeloid leukemia (AML). The drug, combined with standard care (venetoclax and azacitidine), achieved a 90% remission rate (9 out of 10 patients) across two trials. Key highlights include:

- 5 out of 6 patients in RAINIER trial achieved remission within 30 days - No cytokine release syndrome (CRS) observed in current trial - One patient achieved complete remission with MRD-negative status - Cohort 2 enrollment completed, Cohort 3 now enrolling

The drug has been tested in nearly 100 patients across three clinical studies, showing promising results in both combination and monotherapy settings. In monotherapy trials, 36% of evaluable patients who failed prior treatments showed significant leukemic blast reduction. The company plans multiple data readouts in 2025.

Aptevo Therapeutics (NASDAQ: APVO) provided an update on APVO711, their preclinical-stage bispecific therapeutic candidate. APVO711 is designed with a dual mechanism that combines PD-L1 checkpoint inhibition with CD40 immune activation, developed using their proprietary ADAPTIR® platform technology.

The company's lead candidate mipletamig continues to show strong efficacy and safety results in AML trials. APVO711 demonstrates promising preclinical results with potential applications across various solid tumors, particularly those resistant to conventional checkpoint therapies. The therapeutic aims to achieve deeper and more sustained responses through its innovative dual-mechanism approach.

Applied Materials (AMAT) has announced it will release its fiscal second quarter 2025 financial results on May 15, 2025.

Aptevo Therapeutics (Nasdaq: APVO), a clinical-stage biotechnology company, has completed its previously announced registered direct offering, raising $2.0 million through the sale of 2,324,000 shares of common stock at $0.862 per share.

The offering was conducted at-the-market under Nasdaq rules, with Roth Capital Partners serving as the exclusive placement agent. The company plans to utilize the net proceeds for continued clinical development of its product candidates, working capital, and general corporate purposes.

The offering was made through a shelf registration statement on Form S-3 (File No. 333-284969) previously filed with the SEC. Aptevo specializes in developing novel immune-oncology therapeutics based on its proprietary ADAPTIR® and ADAPTIR-FLEX® platform technologies.

Aptevo Therapeutics (Nasdaq: APVO), a clinical-stage biotechnology company specializing in immune-oncology therapeutics, has announced a $2.0 million registered direct offering of common stock. The company will sell 2,324,000 shares at $0.862 per share, with the offering expected to close around April 22, 2025.

Roth Capital Partners is serving as the exclusive placement agent. The proceeds will support clinical development of product candidates, working capital, and general corporate purposes. The offering is being conducted under an existing shelf registration statement on Form S-3 previously filed with the SEC.

Aptevo Therapeutics (Nasdaq: APVO) has closed its previously announced registered direct offering and concurrent private placement, raising gross proceeds of $2.1 million. The offering consisted of 1,764,710 common stock shares and warrants to purchase up to 3,529,420 shares at a combined price of $1.19 per share and accompanying warrant.

The warrants have an exercise price of $1.19 per share, will be exercisable upon stockholder approval, and expire 5 years from approval date. Roth Capital Partners served as the exclusive placement agent. The company plans to use proceeds for clinical development of product candidates, working capital, and general corporate purposes.

Additionally, Aptevo amended existing warrants from December 12, 2024, reducing their exercise price from $9.53 to $1.19 per share for up to 1,647,088 shares, subject to stockholder approval.