Welcome to our dedicated page for Avalo Therapeutics news (Ticker: AVTX), a resource for investors and traders seeking the latest updates and insights on Avalo Therapeutics stock.
Avalo Therapeutics Inc (AVTX) is a clinical-stage biotechnology company pioneering therapies for immune dysregulation and inflammatory diseases. This dedicated news hub provides investors and industry professionals with timely updates on the company’s scientific advancements, regulatory milestones, and strategic developments.
Discover official press releases, clinical trial progress, and partnership announcements related to AVTX’s innovative pipeline – including its lead asset AVTX-009 and other biologics targeting critical immune pathways. Our curated collection ensures transparent access to essential updates without speculative commentary.
Key content categories include:
• Clinical trial results and regulatory submissions
• Research collaborations and licensing agreements
• Financial reporting and corporate communications
• Scientific presentations and peer-reviewed publications
Bookmark this page for streamlined tracking of Avalo’s progress in developing targeted therapies for complex inflammatory conditions. Check regularly for authoritative updates directly from company sources and verified industry reports.
Avalo Therapeutics reported significant updates and financial results for Q3 2022. Key activities include progress in the Phase 2 PEAK trial of AVTX-002 for non-eosinophilic asthma, with topline data expected in H1 2023. The company anticipates $5 million from selling future economic rights to previously out-licensed assets. As of September 30, 2022, Avalo maintains approximately $17 million in cash, reflecting a notable decrease from the end of 2021. Revenues totaled $17.2 million for the nine months ended Sept 30, 2022, largely due to a $14.5 million upfront payment from the out-license of AVTX-007.
Avalo Therapeutics, Inc. (Nasdaq: AVTX) has entered into a purchase agreement with ES Therapeutics, LLC to sell its economic rights to future payments from out-licensed assets for $5 million. The transaction is set to close in November and is part of Avalo's strategy to enhance its financial position, having raised $20 million in nondilutive funding since August. The funds will support its lead asset, AVTX-002, now in Phase 2 trials for non-eosinophilic asthma, with data expected in the first half of next year.
Avalo Therapeutics has announced that its BTLA agonist fusion protein, AVTX-008, has entered IND-enabling studies, targeting a submission date in 2024. The company is focusing on immune dysregulation disorders and leveraging its collaboration with Dr. Carl Ware. AVTX-002, another key product, is in Phase 2 trials for non-eosinophilic asthma. The LIGHT-signaling network is central to Avalo's strategy, aiming to address critical immunological conditions. This advancement positions Avalo to potentially lead in the development of innovative therapies for autoimmune and inflammatory diseases.
Avalo Therapeutics (Nasdaq: AVTX) announced that CEO Garry A. Neil will present at the H.C. Wainwright Global Investment Conference from September 12-14, 2022. The presentation will be pre-recorded and available on September 12 at 7:00 AM ET, accessible via the Investors section of the company's website. Avalo is a clinical-stage biotechnology firm focused on therapies targeting immune dysregulation by developing solutions that interact with the LIGHT-signaling network, which plays a role in autoimmune and inflammatory disorders.
Avalo Therapeutics, Inc. (Nasdaq: AVTX) announced the resignation of two board members, Steven Boyd and Keith Maher, effective August 8, 2022. Their resignations were not due to any disagreements with the company. Following this, Dr. Garry Neil has been appointed as Chairman of the Board. Boyd expressed satisfaction with Avalo's strategic progress under Neil's leadership, emphasizing ongoing support for the company. Avalo develops targeted therapeutics for immunology and rare genetic diseases, highlighting a commitment to addressing significant clinical needs.
Avalo Therapeutics (AVTX) reported significant clinical advancements in its Q2 2022 update, dosing the first patients in pivotal trials for AVTX-002 and AVTX-803. The company secured approximately $15 million from the transfer of its AVTX-007 program to Apollo Therapeutics, enhancing its financial position. As of June 30, 2022, Avalo held $11.2 million in cash, down from $54.6 million at the end of 2021 due to operating costs. Despite a reduction in total operating expenses, net loss for Q2 was $12.99 million, reflecting ongoing development expenses and the impact of a reverse stock split.
Avalo Therapeutics has announced that the first patient has been dosed in the pivotal LADDER trial for their drug AVTX-803, aimed at treating Leukocyte Adhesion Deficiency Type II (LAD II). This Phase 3 trial is randomized, double-blind, and designed to evaluate the drug's efficacy and safety over 16 weeks. AVTX-803 has received multiple designations, including Rare Pediatric Disease and Fast Track. Results are expected in 1H 2023, potentially leading to regulatory approval and a Priority Review Voucher.
Avalo Therapeutics has entered into a worldwide exclusive license agreement with Apollo Therapeutics for AVTX-007, its IL-18 monoclonal antibody. Avalo will receive an upfront payment of approximately $15 million, including $5 million upon agreement execution and $10 million for transfer activities. Apollo will also pay up to $74 million in milestone payments and a small royalty on sales. This agreement will enable Avalo to extend its cash runway and concentrate on its lead molecule, AVTX-002, while transferring clinical development responsibilities to Apollo.
Avalo Therapeutics (Nasdaq: AVTX) announced a one-for-twelve reverse stock split effective July 7, 2022. This move aims to increase the stock price to meet Nasdaq Capital Market listing requirements. Following the split, shares outstanding will decrease from approximately 112.9 million to around 9.4 million. The reverse split will not affect the ownership percentage of stockholders, except those with fractional shares, who will receive whole shares. The company's stock will begin trading on a split-adjusted basis on July 8, 2022.
Avalo Therapeutics (Nasdaq: AVTX) announced that CEO Garry A. Neil will present at the 2022 Jefferies Healthcare Conference on June 9, 2022, at 4:00 PM ET in New York. A live webcast will be available on the Company's website, and a replay will last for 90 days. Avalo Therapeutics focuses on precision medicine, aiming to develop targeted therapeutics for immunology and rare genetic diseases. Their clinical candidates are backed by proven mechanisms and established proof-of-concept to enhance success probability.
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