Corvus Pharmaceu Stock Price, News & Analysis

Corvus Pharmaceuticals (Nasdaq: CRVS) provided a business update and 2021 financial results, highlighting progress in clinical programs targeting cancer. The firm plans a Phase 2 trial for mupadolimab in advanced non-small cell lung cancer and has expanded CPI-818 trials in China for T cell lymphomas. Cash reserves increased to $69.5 million from $44.3 million year-over-year, with a projected net cash usage of $34-$36 million in 2022. However, the net loss for 2021 was $43.2 million, a decline from a prior gain in 2020, primarily due to the absence of significant one-time gains.

Corvus Pharmaceuticals (Nasdaq: CRVS) will hold a conference call on March 10, 2022, at 4:30 pm ET to discuss business updates and report its Q4 and full year 2021 financial results. Investors can join the call by dialing 1-877-407-0784 for domestic or 1-201-689-8560 for international access. Registration requires the conference ID 13727689. The call will also be available via webcast, with a replay accessible on the company’s website for 90 days.

Corvus Pharmaceuticals (NASDAQ: CRVS) announced that Angel Pharmaceuticals has commenced a Phase 1/1b clinical trial for CPI-818, a small molecule ITK inhibitor, targeting relapsed/refractory T-cell lymphomas in China. This marks the first clinical application of CPI-818 in the region, addressing a significant unmet clinical need, as T-cell lymphomas are more prevalent in China. The trial will assess various dosing regimens and evaluate safety, tolerability, and preliminary efficacy amongst patients who have failed standard therapies.

Corvus Pharmaceuticals announced promising preclinical data for CPI-818, an ITK inhibitor aimed at preventing acute graft versus host disease (aGVHD) during allogeneic bone marrow transplantation. Presented at the ASH Annual Meeting, the study showed that CPI-818 significantly improved GVHD scores and survival rates in mouse models, leading to increased anti-inflammatory cytokines and T suppressor cells. The company is advancing CPI-818 through a Phase 1/1b clinical trial, with potential for future trials targeting refractory T-cell lymphomas and autoimmune diseases.

Corvus Pharmaceuticals (CRVS) reported promising results from its Phase 1b clinical trial of mupadolimab, a monoclonal antibody targeting CD73, in patients with relapsed refractory non-small cell lung cancer (NSCLC) and head and neck squamous cell carcinoma (HNSCC). The study demonstrated tumor regression in patients resistant to prior anti-PD-1 therapy. Corvus is expanding patient enrollment in the trial and expects to release additional data in early 2022. Mupadolimab's unique mechanism may enhance immune responses and potentially overcome resistance to existing therapies.

BURLINGAME, Calif., Nov. 10, 2021 – Corvus Pharmaceuticals (NASDAQ: CRVS) announced its participation at the Jefferies London Healthcare Conference from November 16-19, 2021. The company will engage in one-on-one meetings with investors. Additionally, a pre-recorded corporate overview presentation by CEO Richard A. Miller will be available on-demand starting at 3:00 am ET on November 18. Attendees can register for the webcast here, and the presentation will be accessible for 30 days post-event.

Corvus Pharmaceuticals (NASDAQ: CRVS) will present data from its Phase 1/1b trial of mupadolimab at the 2021 SITC Annual Meeting, scheduled for November 10-14, 2021. The data presentation will focus on activating CD73 on B cells as a potential immunotherapy for HPV-positive head and neck cancers. A poster session will take place on November 12, 2021, and a conference call/webcast to discuss the findings is set for 9:00 am ET. Mupadolimab is a humanized monoclonal antibody designed to enhance immune response against cancers.

Corvus Pharmaceuticals (CRVS) provided a business update and reported third-quarter financial results for 2021. The company's cash and marketable securities increased to $76.3 million from $44.3 million at year-end 2020, largely due to stock offerings. Their lead drug, mupadolimab, is being tested in several trials for non-small cell lung cancer (NSCLC) and HPV+ head and neck cancers, with results expected in 2022. The company incurred a net loss of $10.7 million in Q3 2021, higher than the previous year’s $9.8 million loss, driven by increased clinical trial costs.

Corvus Pharmaceuticals (Nasdaq: CRVS) announced the approval of its partner Angel Pharmaceuticals' IND application to initiate a Phase 1/1b clinical trial for CPI-818 in relapsed/refractory T-cell lymphomas in China. Corvus holds a 49.7% equity stake in Angel Pharma, responsible for all development costs. CPI-818 is the only clinical-stage ITK-inhibitor in China and has shown promising interim results in earlier trials. The initiative aligns with Corvus’ strategy to enhance global product development, addressing a significant healthcare need in China.