Corvus Pharmaceu Stock Price, News & Analysis

Corvus Pharmaceuticals (Nasdaq: CRVS) provided a business update and reported Q1 2021 financial results. The company is advancing its Phase 3 trial for CPI-006 in hospitalized COVID-19 patients, with full enrollment expected by year-end. Financially, Corvus reported cash and equivalents of $68 million, up from $44.3 million in Q4 2020, aided by a $32 million equity offering. R&D expenses decreased to $8.2 million, while the net loss narrowed to $11.6 million. Corvus is also progressing with CPI-818 and ciforadenant clinical trials, showcasing potential in cancer treatments.

Corvus Pharmaceuticals (CRVS) reported a business update and financial results for Q4 and the full year of 2020. They initiated a Phase 3 study for CPI-006 targeting COVID-19, which showed promising Phase 1 results with no patients requiring mechanical ventilation. Additionally, Corvus co-founded Angel Pharmaceuticals to expedite drug development in China. Financially, they ended 2020 with $44.3 million in cash, down from $78.0 million in 2019 and projected a cash burn of $46-$48 million for 2021. The company reported a net income of $27.1 million for Q4 2020.

BURLINGAME, Calif., March 05, 2021 – Corvus Pharmaceuticals (NASDAQ: CRVS) announced participation in two investor conferences this March. The H.C. Wainwright Global Life Sciences Conference is scheduled for March 9-10, 2021, featuring pre-recorded presentations and one-on-one meetings. A corporate overview by Dr. Richard A. Miller will be available on-demand starting March 9. The 33rd Annual Roth Virtual Conference follows on March 15-17, where Dr. Miller will engage in a fireside chat on March 16 and present additional insights. Webcasts will be accessible through the Corvus website.

Corvus Pharmaceuticals (NASDAQ:CRVS) completed an underwritten public offering of 9,783,660 shares at $3.50 per share, raising gross proceeds of $34.2 million. This includes 1,212,231 shares from underwriters’ partial exercise of their option. The net proceeds for Corvus stand at approximately $31.8 million after expenses. Cantor Fitzgerald & Co. and H.C. Wainwright & Co. are the joint book-running managers for the offering. The shares' offering was made under an effective registration statement with the SEC.

Corvus Pharmaceuticals (NASDAQ:CRVS) has announced the pricing of a public offering of 8,571,429 shares of common stock at $3.50 per share, totaling gross proceeds of $30 million. The offering will support the Phase 3 clinical trial of CPI-006 and the development of other product candidates. Additionally, underwriters have a 30-day option to purchase an extra 1,285,714 shares. The offering is set to close around February 17, 2021, pending customary closing conditions.

Corvus Pharmaceuticals (NASDAQ:CRVS) announced a public offering of its common stock, with all shares being sold by the company. Underwriters may purchase an additional 15% of the shares offered. The company plans to utilize the net proceeds for its Phase 3 clinical trial of CPI-006 and other product developments. The offering is subject to market conditions, and a registration statement for these securities was filed with the SEC.

Corvus Pharmaceuticals (NASDAQ: CRVS) has initiated a Phase 3 clinical trial for CPI-006, targeting hospitalized COVID-19 patients. This randomized, double-blind, placebo-controlled study aims to enroll around 1,000 participants globally, with results expected in Q4 2021. Preliminary Phase 1 results showed promising outcomes, with no patients progressing to mechanical ventilation and a median hospital discharge time of 3.5 days. CPI-006 aims to stimulate B cells for enhanced antibody production, potentially addressing SARS-CoV-2 variants. A separate Phase 2 trial is planned for CPI-818 in T-cell lymphoma.

Corvus Pharmaceuticals (NASDAQ: CRVS) reported new interim data on CPI-818 at the 62nd ASH Annual Meeting, showcasing its potential in treating T cell lymphomas and autoimmune lymphoproliferative syndrome (ALPS). The Phase 1/1b trial revealed promising anti-tumor activity, with significant tumor responses in advanced T cell malignancies. No severe treatment-related adverse events were recorded. Additionally, pre-clinical data indicated that CPI-818 could inhibit abnormal T cell activation in ALPS patients. The company plans to continue its studies and collaborate with Angel Pharmaceuticals in China.

Corvus Pharmaceuticals (CRVS) has announced new findings on its drug CPI-818 at the upcoming 62nd ASH Annual Meeting. The data includes results from a Phase 1/1b trial focused on T cell lymphoma and pre-clinical studies for treating autoimmune lymphoproliferative syndrome (ALPS). CPI-818 is an ITK inhibitor showing potential in blocking T cell activation in ALPS patients. Presentations will occur on December 5 and 6, 2020, highlighting CPI-818's efficacy and safety.