Welcome to our dedicated page for Cytomx Therapeutics news (Ticker: CTMX), a resource for investors and traders seeking the latest updates and insights on Cytomx Therapeutics stock.
CytomX Therapeutics (NASDAQ: CTMX) is a clinical-stage oncology company developing Probody antibody therapeutics for cancer treatment. This news feed tracks developments in CytomX's pipeline programs, clinical trial milestones, and corporate announcements as the company advances its tumor-targeting technology platform.
News coverage for CytomX typically centers on clinical trial updates from its Probody therapeutic candidates, including dose escalation data, patient enrollment milestones, and safety and efficacy readouts. For biotech investors, these trial updates often represent significant events that can inform understanding of the company's pipeline potential.
Beyond clinical developments, this feed includes partnership announcements with pharmaceutical collaborators who license Probody technology, financial results and business updates, conference presentations at oncology and investor meetings, and regulatory interactions. CytomX's strategic collaborations with larger pharmaceutical companies generate milestone payments and provide external validation of the Probody platform.
As a clinical-stage biopharmaceutical company focused on novel cancer therapeutics, CytomX's news flow reflects the typical milestones of drug development: trial initiations, interim data presentations, partnership expansions, and financing activities that fund ongoing research. Bookmark this page to follow CytomX's progress in bringing Probody technology from the laboratory to patients with cancer.
CytomX Therapeutics (CTMX) has completed its underwritten public offering, selling an additional 2,142,857 shares of common stock for a total of 16,428,571 shares at $7.00 each. This resulted in net proceeds of approximately $107.7 million after deducting expenses. The offering was managed by J.P. Morgan, Cowen, and Piper Sandler. The securities were offered under an effective SEC registration statement. CytomX focuses on innovating safer cancer therapies using its Probody technology, aiming to target previously undruggable cancer types.
CytomX Therapeutics (CTMX) has completed its underwritten public offering of 14,285,714 shares at $7.00 per share, generating approximately $93.6 million in net proceeds. The offering was entirely sold by CytomX, which has also granted underwriters a 30-day option to purchase an additional 2,142,857 shares at the same price. The offering was conducted under an SEC registration statement filed in November 2018. The proceeds will be utilized to support the company’s ongoing development of cancer therapies utilizing its Probody technology platform.
CytomX Therapeutics (CTMX) has announced a public offering of 14,285,714 shares at $7.00 each, aiming for gross proceeds of $100 million before expenses. The company intends to allocate the proceeds toward the advancement of its Probody therapeutics pipeline, particularly for ongoing Phase 2 studies of CX-2009 and CX-2029. The offering is set to close around January 25, 2021, subject to customary conditions. This financial move reflects CytomX's commitment to developing innovative cancer treatments through its proprietary technology.
CytomX Therapeutics (CTMX) has announced a public offering of $75 million in common stock, with an additional $11.25 million option for underwriters. Proceeds will fund the advancement of its Probody® therapeutics pipeline, particularly the clinical development of CX-2009 and CX-2029, as well as IND enabling studies for CX-2043 and CX-904. The offering, managed by J.P. Morgan, Cowen, and Piper Sandler, is subject to market conditions and is expected to support ongoing cancer research.
CytomX Therapeutics (Nasdaq: CTMX) announced on January 15, 2021, the granting of stock options to two new employees for a total of 98,000 shares at an exercise price of $7.93, which reflects the closing price on that date. This grant is part of the 2019 Employment Inducement Incentive Plan, approved by the board in August 2020, to attract new talent to the company. CytomX is focused on developing innovative Probody therapeutics for cancer treatment, emphasizing reduced toxicity and increased effectiveness.
CytomX Therapeutics (Nasdaq: CTMX) has announced that its CEO, Sean McCarthy, will present at the 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 11:40 a.m. ET. Additionally, the company will participate in a pre-recorded presentation through the SternIR Virtual Corporate Access Event from January 11-14, 2021. Webcasts will be available on CytomX’s website, with archived replays accessible for 90 days post-conference. CytomX focuses on developing innovative Probody therapeutics for cancer, partnering with major pharmaceutical companies.
CytomX Therapeutics (Nasdaq: CTMX) has appointed Mani Mohindru, PhD, to its board of directors. Dr. Mohindru, an experienced biotech executive, brings a strong background in finance and corporate strategy, previously serving as CEO of CereXis and CFO at Cara Therapeutics. Her expertise is expected to accelerate the development of CytomX's clinical pipeline, particularly its innovative Probody technology, aimed at creating selective cancer therapies. This leadership change comes as CytomX prepares for multiple critical data releases in 2021.
CytomX Therapeutics (Nasdaq: CTMX) is set to present two posters at the 2020 Virtual San Antonio Breast Cancer Symposium (SABCS) from December 8-11. The presentations will focus on the clinical activity of CX-2009, a Probody drug conjugate, and its potential in treating advanced breast cancers. Notably, the data highlights the efficacy of CX-2009 alone and in combination with pacmilimab in HER2-non amplified breast cancer. The presentations occur on December 9 at 9:00 AM ET, showcasing CytomX's commitment to innovative cancer treatments.
CytomX Therapeutics (Nasdaq: CTMX) announced that Sean McCarthy, D.Phil., CEO, will participate in two virtual healthcare conferences this November. The Jefferies Virtual London Healthcare Conference is scheduled for November 18, 2020, at 10:15 a.m. ET. Additionally, the 32nd Annual Piper Sandler Virtual Healthcare Conference will occur on November 30, 2020, with a fireside chat available for on-demand viewing starting November 23, 2020, at 10:00 a.m. ET. Webcasts can be accessed on CytomX’s website with archived replays available for 90 days.
CytomX Therapeutics, Inc. (Nasdaq: CTMX) reported its third quarter 2020 financial results, showing revenue of $17.8 million, a 66% increase from the same period in 2019. The company highlighted advancements in its clinical pipeline, including five Probody programs in the clinic, with four in Phase 2 studies. CX-2009 and CX-2029 are among the candidates being developed with initial data anticipated in late 2021. As of September 30, CytomX had $321.1 million in cash and equivalents, reflecting strong financial health.
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