Welcome to our dedicated page for Climb Bio news (Ticker: CLYM), a resource for investors and traders seeking the latest updates and insights on Climb Bio stock.
Climb Bio, Inc. (Nasdaq: CLYM) is a clinical-stage biotechnology company advancing novel therapies for immune-mediated diseases. This page aggregates official announcements, clinical trial updates, and strategic developments related to their pipeline of monoclonal antibody therapies.
Investors and researchers will find timely updates on budoprutug (anti-CD19) and CLYM116 (anti-APRIL) programs targeting B-cell-mediated conditions including primary membranous nephropathy and IgA nephropathy. The repository includes regulatory filings, partnership announcements, and scientific presentation summaries.
All content undergoes strict verification to ensure accuracy of clinical data interpretations and corporate developments. Bookmark this page for direct access to material news affecting CLYM's therapeutic pipeline and market position within the immunology sector.
Climb Bio (Nasdaq: CLYM) has announced significant changes to its Board of Directors with the appointments of two biotech industry veterans: Kim Cobleigh Drapkin, CPA, and Bo Cumbo. Drapkin, who will serve as Audit Committee Chair, brings over 30 years of financial leadership experience in biotech and pharmaceutical companies, most recently serving as CEO of Graphite Bio.
Cumbo, appointed as Compensation Committee Chair, has 30+ years of experience in the pharmaceutical and biotechnology industries, with a track record of leading 11 successful specialty and rare disease therapy launches. He currently serves as President and CEO of Solid Biosciences.
The appointments come as Climb Bio positions itself for evolution into a late-stage, pre-commercial company focused on immune-mediated diseases. Concurrent with these appointments, Simon Tate will step down from the Board, and Adam Rosenberg will not seek re-election at the 2025 Annual Meeting.
Climb Bio (Nasdaq: CLYM) has announced its participation in the upcoming 24th Annual Needham Virtual Healthcare Conference. The company's executive team will be presenting at this virtual event, which is scheduled to take place from April 7-10, 2025.
The presentation is specifically scheduled for April 10, 2025, at 8:45 a.m. ET. The format will include both a formal presentation and one-on-one investor meetings, providing opportunities for direct engagement with the company's leadership.
Climb Bio (NASDAQ: CLYM) reported its Q4 and full-year 2024 financial results, marking significant progress in its immune-mediated disease therapeutics pipeline. The company secured FDA clearance for clinical trials of budoprutug in three indications: Primary Membranous Nephropathy (pMN), Immune Thrombocytopenia (ITP), and Systemic Lupus Erythematosus (SLE).
The company expanded its pipeline by in-licensing CLYM116, an anti-APRIL monoclonal antibody for IgA Nephropathy treatment. Financial highlights include a strong cash position of $212.5 million as of December 31, 2024, expected to fund operations through 2027. The company reported a net loss of $73.9 million for full-year 2024, compared to $35.1 million in 2023, with the increase primarily due to $51.7 million in acquired research and development expenses.
Climb Bio (Nasdaq: CLYM) announced that its executive team will participate in two upcoming investor conferences in March 2025. The company will attend the TD Cowen 45th Annual Health Care Conference on March 4, 2025, at 9:50 a.m. ET, featuring a formal presentation and one-on-one investor meetings. A webcast link is provided for virtual attendance.
Additionally, Climb Bio will participate in Leerink's Global Healthcare Conference 2025 on March 10, 2025, at 10:00 a.m. ET. This event will include a fireside chat format and one-on-one investor meetings, with a webcast link also available. The announcement was made from the company's Wellesley, Massachusetts headquarters on February 25, 2025.
Climb Bio (NASDAQ: CLYM) has appointed Dr. Perrin Wilson as Chief Business Officer. With 17 years of pharmaceutical and biotech industry experience, Dr. Wilson will lead the company's pre-commercial planning, communications, and business development efforts. Prior to joining Climb Bio, she served as Senior Vice President of Business Development and Strategy at Nuvalent and held key positions at Forma Therapeutics/Novo Nordisk.
Dr. Wilson's notable achievements include leading Forma's $1.1 billion acquisition by Novo Nordisk and Takeda's $5.2 billion acquisition of ARIAD. At Climb Bio, she will focus on advancing the company's pipeline, including key assets budoprutug and CLYM116, aimed at developing treatments for immune-mediated diseases.
Climb Bio (Nasdaq: CLYM) has announced its participation in the upcoming Oppenheimer 35th Annual Healthcare Life Sciences Conference, scheduled for February 11-12, 2025. The company's executive team will deliver a presentation on February 12, 2025, at 9:20 a.m. ET.
The virtual conference will feature both a formal presentation and one-on-one investor meetings. The event provides an opportunity for investors and stakeholders to gain insights into Climb Bio's developments and strategic initiatives.
Climb Bio (NASDAQ: CLYM) has secured an exclusive license agreement with Beijing Mabworks Biotech for CLYM116, an anti-APRIL monoclonal antibody, for development and commercialization outside Greater China. The agreement focuses on treating IgA nephropathy, the most common form of glomerulonephritis worldwide.
CLYM116 is engineered to prevent APRIL signaling through a novel mechanism, potentially offering advantages over current APRIL-targeted therapeutics. The company will make a $9 million upfront payment to Mabworks, with additional milestone payments and low- to mid-single digit tiered royalties on net sales.
The company reported $212.9 million in cash and equivalents as of December 31, 2024, expecting to fund operations through 2027. Initial preclinical data for CLYM116 is anticipated later in 2025.
Climb Bio (NASDAQ: CLYM) announced its upcoming addition to the NASDAQ Biotechnology Index (NBI) as part of the 2024 annual index reconstitution. The inclusion will be effective before market open on December 23, 2024. The NBI tracks performance of NASDAQ-listed biotechnology and pharmaceutical securities, using a modified capitalization-weighted methodology. Companies must meet specific eligibility criteria including minimum market capitalization, average daily trading volume, and public company seasoning requirements.
Climb Bio (Nasdaq: CLYM) reported its third quarter 2024 financial results and provided key business updates. Notable achievements include the FDA clearance of their IND for a Phase 1b clinical trial of budoprutug in systemic lupus erythematosus (SLE) and the appointment of Douglas Williams, Ph.D. as Chair of the Board of Directors. The company also expanded its management team by appointing Gary Hao, Ph.D. as Vice President of Chemistry, Manufacturing, and Controls.
Climb Bio's cash position was $217.9 million as of September 30, 2024, expected to fund operations through 2027. R&D expenses increased to $6.2 million, while G&A expenses rose to $5.5 million compared to the same period in 2023. The company reported a net loss of $8.9 million.
Future plans include advancing budoprutug for primary membranous nephropathy (pMN) and immune thrombocytopenia (ITP), with key milestones anticipated in 2025.
Climb Bio (Nasdaq: CLYM) has appointed Douglas E. Williams, Ph.D., as Chair of its Board of Directors, succeeding Andrew Levin, who will remain as a director. Dr. Williams brings over 30 years of executive leadership experience in biotechnology, having contributed to the development of several successful drugs and led multiple companies through development and commercialization. He previously served as President of R&D at Sana Biotechnology, CEO of Codiak BioSciences, and held executive positions at Biogen, ZymoGenetics, Seattle Genetics, Amgen, and Immunex. The company is focused on developing treatments for immune-mediated diseases, including their lead candidate budoprutug.
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