Welcome to our dedicated page for BioLineRx Ltd. news (Ticker: BLRX), a resource for investors and traders seeking the latest updates and insights on BioLineRx Ltd. stock.
BioLineRx Ltd. (NASDAQ: BLRX) is a commercial-stage biopharmaceutical company based in Modi'in, Israel, with operations extending to the United States. The company specializes in developing life-changing therapies for oncology and rare diseases. BioLineRx's flagship product, APHEXDA® (motixafortide), has gained approval in the U.S. for stem cell mobilization for autologous transplantation in multiple myeloma patients.
Currently, the company is advancing a robust pipeline of investigational medicines targeting sickle cell disease, pancreatic cancer, and other solid tumors. One of their notable clinical-stage therapeutic candidates is motixafortide (BL-8040), a novel peptide showing promise in stem-cell mobilization and solid tumors. Another key candidate is AGI-134, an immuno-oncology agent dedicated to treating solid tumors.
BioLineRx recently announced definitive agreements with institutional investors for the issuance and sale of its American Depositary Shares (ADSs) and warrants. This equity transaction, combined with financial resources from an existing debt facility, positions the company well for the commercialization of APHEXDA and the advancement of its other pipeline programs. Additionally, the company is exploring motixafortide's potential in supporting gene therapy for sickle cell disease, collaborating with leaders in the gene therapy field such as St. Jude Children's Research Hospital and Washington University School of Medicine.
BioLineRx has also received recent notifications and presented new data at various esteemed conferences such as the American Society of Clinical Oncology (ASCO) and the International Society for Pharmacoeconomics and Outcomes Research (ISPOR). These efforts underscore the company's commitment to bringing innovative therapies from the bench to the bedside.
To access more information about BioLineRx, visit their official website or follow them on Twitter and LinkedIn.
BioLineRx (NASDAQ: BLRX, TASE: BLRX) announced a Phase 1 clinical trial in collaboration with St. Jude Children's Research Hospital to evaluate motixafortide for mobilizing CD34+ hematopoietic stem cells (HSCs) in gene therapies for sickle cell disease (SCD). This study includes experts from St. Jude and two other clinical sites, focusing on new mobilization options due to the limitations of current strategies, like plerixafor, which require multiple cycles. Enrollment is set to start in a few months, and initial data from a related trial at Washington University is expected in late 2024. Motixafortide, BioLineRx's leading candidate, was FDA-approved in September 2023 for HSC mobilization in multiple myeloma patients.
BioLineRx (NASDAQ: BLRX) reported its Q1 2024 financial results and recent corporate updates. The company highlighted steady growth in APHEXDA® adoption, securing formulary placement at institutions representing ~26% of stem cell transplant procedures, targeting 35% by end of Q2. Key developments include new data presented at ASCO 2024 from a Phase 2b pancreatic cancer trial, and the approval of a motixafortide HSC mobilization study in China. Financials showed $6.9 million in total revenue and a net loss of $0.7 million, a significant improvement from a $12.2 million loss in Q1 2023. The company completed $26 million in debt and equity financing to support U.S. commercialization of APHEXDA.
BioLineRx (BLRX) announced new data from its Phase 2 CheMo4METPANC trial evaluating motixafortide in combination with cemiplimab and standard chemotherapies for first-line pancreatic cancer. The trial, presented at ASCO 2024, showed increased CD8+ T-cell density in tumors from all 11 patients. Of these, 64% experienced partial responses and 91% had disease control, surpassing historical rates of 23% and 48%, respectively. Preliminary median progression-free survival was 9.6 months, compared to 5.5 months historically. Based on these results, the trial has been expanded from 30 to 108 patients.
BioLineRx (NASDAQ: BLRX), a biopharmaceutical company focused on oncology and rare diseases, will release its unaudited first-quarter financial results for 2024 on May 28, 2024, before U.S. market hours. A conference call will be held at 8:30 a.m. EDT, hosted by CEO Philip Serlin. Access to the call is available via several international dial-ins, with a live webcast and replay accessible on the company's website. Dial-in replays will be available until May 30, 2024.
BioLineRx (NASDAQ: BLRX) has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share for 30 consecutive trading days. This does not immediately affect the company's listing or trading on Nasdaq. BioLineRx has until November 11, 2024, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days. If unsuccessful, an additional 180-day compliance period may be granted, provided other listing standards are met. The company's operations remain unaffected, and its shares continue to trade on the Tel Aviv Stock Exchange.
BioLineRx presented new economic model data for APHEXDA (motixafortide) for CD34+ hematopoietic stem cell mobilization in patients with multiple myeloma at the ISPOR 2024 conference. The data compared costs and healthcare resource utilization for patients undergoing autologous stem cell transplantation, highlighting potential benefits of using APHEXDA in reducing the need for multiple apheresis sessions.
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