Welcome to our dedicated page for Curevac B.V. news (Ticker: CVAC), a resource for investors and traders seeking the latest updates and insights on Curevac B.V. stock.
CureVac N.V. (NASDAQ: CVAC) is a multinational biopharmaceutical and biotech company focused on medicines based on messenger RNA (mRNA). Founded in 2000 and headquartered in Tübingen, Germany, CureVac describes itself as a pioneer in mRNA technology, with more than two decades of experience in developing, optimizing, and manufacturing mRNA for medical use. Its public communications highlight work in oncology precision immunotherapies, prophylactic vaccines, and mRNA-based treatments that aim to enable the body to produce therapeutic proteins.
The CVAC news feed features company announcements on clinical development milestones, regulatory decisions, intellectual property rulings, and financial results. Examples include updates on Phase 1 studies for off-the-shelf precision immunotherapies in glioblastoma and squamous non-small cell lung cancer, progress in a urinary tract infection vaccine program, and regulatory clearances such as U.S. FDA Investigational New Drug approvals and European Medicines Agency Clinical Trial Application decisions.
Investors and observers will also find news on patent litigation and IP protection, particularly proceedings at the European Patent Office and German courts involving patents that describe split poly-A tail technology, as well as agreements with BioNTech and Pfizer regarding mRNA-based COVID-19 vaccines. In addition, CureVac regularly reports quarterly and annual financial results, cash position, and the effects of restructuring and licensing agreements with partners like GSK and CRISPR Therapeutics.
Recent releases describe a definitive purchase agreement under which BioNTech intends to acquire all shares of CureVac via a public exchange offer, along with shareholder voting results and steps toward a post-offer reorganization. For anyone tracking CVAC, this news page provides a centralized view of CureVac’s scientific, clinical, legal, financial, and corporate developments over time.
CureVac is enhancing its oncology initiatives through a partnership with myNEO to develop novel mRNA cancer vaccines. This collaboration aims to identify specific tumor antigens that can trigger robust immune responses using myNEO's advanced AI and bioinformatics platform. The agreement focuses on selecting the most promising antigens for clinical testing, leveraging myNEO's genomic data and CureVac's mRNA technology. Both companies aim to build a strong oncology pipeline, expanding beyond existing prophylactic vaccine efforts.
CureVac N.V. (Nasdaq:CVAC) reported significant advancements in its vaccine development, including second-generation candidates for COVID-19 and influenza now in Phase 1 trials. The company is positioned to receive a €10 million milestone payment from GSK for starting its influenza clinical trial. CureVac's cash position is €658.2 million, down from €811.5 million, primarily due to wind-down costs of the CVnCoV vaccine program. Revenues surged 144% to €24.4 million, mainly attributed to collaborations with GSK, while operating loss decreased from €115.8 million to €15.3 million.
CureVac announced its fourth-quarter and full-year 2021 financial results, highlighting a strong cash position of €811.5 million. The company initiated several clinical studies for its second-generation mRNA vaccines targeting COVID-19 and influenza, collaborating with GSK. The CV2CoV candidate is in Phase 1 trials, with promising results from a bivalent vaccine approach. Revenues surged to €103 million, up 111%, driven by GSK collaborations. However, operating losses increased to €412.3 million.
CureVac N.V. (NASDAQ:CVAC) will announce its Q4 and full-year 2021 financial results on April 28, 2022. The event will include a conference call at 3 p.m. CET / 9 a.m. EST. Interested participants can access the call through designated numbers or via a live webcast on the company's website. CureVac specializes in mRNA technology for medical applications, with significant collaborations and a diversified clinical pipeline. The press release emphasizes forward-looking statements regarding future developments, emphasizing the inherent risks associated with such projections.
CureVac, in collaboration with GSK, announced promising preclinical results for a bivalent COVID-19 vaccine candidate targeting the Beta and Delta variants. The study revealed that this bivalent mRNA vaccine generated comparable neutralizing antibody levels to monovalent candidates while demonstrating significantly enhanced neutralization against the Omicron variant. Conducted on mice, the bivalent approach showed strong immune responses and reduced viral loads. This technology could pave the way for broader protection against evolving variants.
CureVac has entered a contract with the German government to ensure mRNA vaccine manufacturing capacity until 2029 in response to potential health emergencies. The agreement allows for the production of up to 80 million doses during public health crises. Following a two-year setup period, the federal government will pay an annual standby fee to keep the manufacturing capacity ready, thereby enhancing pandemic preparedness. This partnership emphasizes the significance of mRNA technology in swiftly addressing future infectious disease threats.
CureVac and GSK have initiated a Phase 1 dose-escalation study for their second-generation COVID-19 vaccine candidate CV2CoV in the U.S., with the first participant dosed. This trial is crucial to evaluate the candidate's safety and immune response, building on promising preclinical data that suggests better efficacy compared to the first-generation vaccine. The study aims to enroll 210 healthy adults, with results anticipated in the second half of 2022, marking a significant step in advancing mRNA vaccine technology.
CureVac N.V. (NASDAQ:CVAC) has launched CureVac RNA Printer GmbH, a wholly-owned subsidiary designed to enhance the development and operational capacity of The RNA Printer(R), an automated RNA vaccine and therapeutic manufacturing solution. This initiative aims to facilitate rapid access to mRNA technology, particularly in pandemic situations and personalized therapies. Dr. Markus Bergmann has been appointed General Manager, bringing extensive expertise in business development and a medical background. The announcement highlights CureVac's commitment to expanding its footprint in the mRNA market.
CureVac (NASDAQ: CVAC) has initiated a Phase 1 study for its seasonal influenza mRNA vaccine candidate CVSQIV, dosing the first participant in Panama. This vaccine, developed in partnership with GSK, employs a multivalent approach to target four different influenza strains using non-chemically modified mRNA. The study aims to enroll up to 240 healthy adults to assess the safety and immune response. The collaboration focuses on enhancing mRNA vaccine technologies for infectious diseases, building on the successful application during the COVID-19 pandemic.
CureVac N.V. (NASDAQ:CVAC) announced the resignation of Chief Technology Officer Dr. Mariola Fotin-Mleczek, effective January 31, 2022, after nearly 16 years with the company. She is transitioning to a family business in Poland. Dr. Igor Splawski, Chief Scientific Officer, will lead the continued development of CureVac's mRNA technology. The company's innovative mRNA platform has contributed significantly to medical advancements, including vaccines and therapies across various therapeutic areas. CureVac has a strong pipeline and is focused on leveraging its mRNA technology for future growth.
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