Celldex Therapeutics Inc Stock Price, News & Analysis

Celldex Therapeutics, Inc. (Nasdaq: CLDX) announced the closing of its underwritten public offering of 6,845,238 shares of common stock, raising approximately $287.5 million at a public offering price of $42.00 per share. This includes the full exercise of the underwriters' option for an additional 892,857 shares. The funds will support the development of antibody-based therapeutics targeting severe diseases. Jefferies, SVB Leerink, Guggenheim Securities, and Cantor were key managers of the offering.

Celldex Therapeutics (CLDX) has priced a public offering of 5,952,381 shares at $42.00 each, with gross proceeds expected to be around $250 million. The offering includes an option for underwriters to purchase an additional 892,857 shares. The funds will support clinical and preclinical development of product candidates like CDX-0159 and enhance the bispecific antibody platform. The deal is set to close on July 16, 2021, pending standard conditions. This offering follows a shelf registration statement initially filed in 2020.

Celldex Therapeutics (Nasdaq: CLDX) announced a proposed underwritten public offering of $175 million in common stock, with an additional $26.25 million option for underwriters. Proceeds will fund the clinical and preclinical development of product candidates and general corporate needs. The final offering terms will depend on market conditions. Jefferies, SVB Leerink, Guggenheim Securities, and Cantor are managing the offering. The offering is conducted under a previously filed SEC registration statement.

Celldex Therapeutics (NASDAQ:CLDX) has reported promising results from its ongoing Phase 1b clinical trial of CDX-0159, a monoclonal antibody targeting chronic inducible urticaria. All 19 patients who received the treatment showed a clinical response, with a 95% complete response rate. The median duration of response was over 77 days for cold urticaria and 57 days for symptomatic dermographism. The drug demonstrated a favorable safety profile, with common mild side effects. Celldex aims to expand treatment studies into prurigo nodularis and other mast cell-related conditions later in 2021.

Celldex Therapeutics (NASDAQ:CLDX) announced preliminary results from its Phase 1 trial of CDX-527, a bispecific antibody targeting advanced malignancies. Presented at ASCO 2021, the data include 11 patients in dose escalation cohorts ranging from 0.03 to 3 mg/kg. Key findings show CDX-527 has a favorable safety profile, with no serious adverse events or dose-limiting toxicities. Notably, pharmacodynamic activity indicates immune system engagement. The trial continues with plans for higher dose cohorts and further evaluations in 2022.

Celldex Therapeutics (NASDAQ:CLDX) announced that the abstract detailing Phase 1b results of CDX-0159 for treating antihistamine refractory cold contact urticaria and symptomatic dermographism has been accepted for presentation at the EAACI Annual Congress 2021, scheduled for July 10-12, 2021. The late-breaking electronic Poster Discussion Session will include a pre-recorded presentation followed by a Q&A. Results will highlight disease activity reduction and treatment's effect on tryptase levels.

Celldex Therapeutics (NASDAQ:CLDX) announced participation in the Jefferies 2021 Virtual Healthcare Conference on June 2, 2021, at 1:30 p.m. ET. Senior management will engage in a fireside chat during the event. Interested parties can access the webcast through the Events & Presentations page on their website. A replay of the chat will be available for 30 days post-event.

Celldex Therapeutics (NASDAQ:CLDX) reported Q1 2021 financial results, highlighting positive interim data from the Phase 1b study of CDX-0159, which showed an 80% complete response rate in chronic inducible urticaria. The company is expanding the study to include cholinergic urticaria and plans to present more results this summer. Total revenue was $0.7 million, down from $2.7 million in the prior year, while R&D expenses increased to $12.7 million. Net loss for Q1 was $16.5 million, representing a loss of $0.42 per share. Celldex expects sufficient cash to fund operations through 2023.

Celldex Therapeutics (Nasdaq:CLDX) presented promising data on its bispecific platform at the AACR Annual Meeting 2021. The focus was on ILT4 inhibitory monoclonal antibodies for developing bispecific antibodies that counter myeloid cell suppression and activate T-cell responses. Preclinical studies demonstrated the efficacy of these antibodies in enhancing immune response against tumors. The company aims to advance bispecific candidates targeting ILT4 and PD-(L)1, with existing programs such as CDX-527 undergoing clinical trials.