Cullinan Oncology Inc Stock Price, News & Analysis

Cullinan Oncology (CGEM) announced promising results from the Phase 1/2a trial of CLN-081 in patients with Non-Small Cell Lung Cancer (NSCLC) harboring EGFR exon 20 insertion mutations. The trial saw an objective response rate of 46% at the 100 mg BID dose, with no Grade 3 treatment-related adverse events (TRAEs) for diarrhea or rash at doses below 150 mg. This ongoing study allows the enrollment of up to 36 patients in the Phase 2a expansion, indicating strong potential for CLN-081's future development in addressing significant unmet medical needs.

Cullinan Oncology (Nasdaq: CGEM) announced that Jon Wigginton, M.D. will step down as Chief Medical Officer to assume the role of Chairman of the Scientific Advisory Board and Senior Advisor to the CEO. CEO Owen Hughes acknowledged Wigginton's significant contributions to the company's transition to a clinical-stage biotech and the establishment of its clinical infrastructure. Wigginton expressed his enthusiasm to continue working closely with Cullinan's team to advance their innovative cancer therapies.

Cullinan Oncology (Nasdaq: CGEM) has announced a clinical update on its investigational oral EGFR inhibitor, CLN-081, during a webinar on June 4, 2021. The update will review safety and efficacy results from an ongoing Phase 1/2a trial for Non-Small Cell Lung Cancer (NSCLC) patients with EGFR Exon 20 insertion mutations. Data from this trial will also be presented at the 2021 ASCO Annual Meeting. The webinar and poster will take place on the same day, with the poster accessible for on-demand viewing starting at 9:00 am ET.

Cullinan Oncology, Inc. (Nasdaq: CGEM) reported its Q1 2021 financial results, highlighting cash reserves of $473 million as of March 31, 2021, significantly up from $210.2 million at year-end 2020. The company initiated a Phase 2a expansion of its Cullinan Pearl trial for NSCLC patients with EGFRex20ins mutations and plans to present updated data at the 2021 ASCO Annual Meeting. Q1 expenses included $12.4 million in R&D and $5.2 million in G&A. Net income was reported at $1.4 million, driven by $18.9 million revenue from its license agreement with Zai Lab.

Cullinan Oncology (Nasdaq: CGEM) has announced that CFO Jeff Trigilio will present at the 20th Annual Needham Virtual Healthcare Conference on April 13, 2021, at 11:45 am EDT. The presentation will be accessible only to registered attendees through the Needham conference portal. Interested investors can schedule meetings with Trigilio by contacting their Needham representative. Cullinan Oncology is focused on developing a diversified pipeline of targeted and immuno-oncology therapeutic candidates to drive shareholder returns.

Cullinan Oncology reported its financial results for the year ended December 31, 2020, highlighting significant advancements in its clinical pipeline and financial metrics. The company completed a Series C financing of $131.2 million and an IPO raising $287.4 million, enhancing its cash position to $210.2 million. Clinical progress includes the initiation of Phase 2a for CLN-081 in NSCLC with promising outcomes. R&D expenses totaled $43.2 million, contributing to a net loss of $59.5 million, influenced by non-cash charges. Strategic hires and partnerships underscore Cullinan's commitment to advancing immuno-oncology assets.

Cullinan Oncology (Nasdaq: CGEM) has announced that its CEO, Owen Hughes, will present at the H.C. Wainwright Global Life Sciences Conference on March 9, 2021, at 7:00 AM EST. The presentation will be available on-demand for registered attendees starting at that time. Cullinan specializes in developing a diverse pipeline of targeted oncology and immuno-oncology therapies, focusing on candidates with novel technology and advanced development stages.

Cullinan Management, Inc. (Nasdaq: CGEM) has announced significant updates regarding its oncology pipeline. The company plans to expand enrollment in the Phase 1/2a trial of CLN-081 for NSCLC patients with EGFR exon 20 insertions, allowing 36 patients total. Cullinan has withdrawn its IND for CLN-049 in AML due to FDA feedback, while an IND submission for CLN-619 is planned for Q2 2021. CEO Owen Hughes will present at the SVB Leerink Global Healthcare Conference on February 26, 2021.

Cullinan Management (Nasdaq: CGEM) has successfully closed its initial public offering, selling 13,685,000 shares at $21.00 each, resulting in gross proceeds of $287.4 million. This offering included 1,785,000 shares exercised by underwriters. The shares started trading on the Nasdaq Global Select Market on January 8, 2021. Morgan Stanley, SVB Leerink, and Evercore served as joint book-running managers. The press release emphasizes Cullinan's focus on developing a robust pipeline of oncology and immuno-oncology therapies.