Welcome to our dedicated page for CEL-SCI news (Ticker: CVM), a resource for investors and traders seeking the latest updates and insights on CEL-SCI stock.
CEL-SCI Corporation develops cancer immunotherapy programs centered on Multikine (Leukocyte Interleukin, Injection), an investigational neoadjuvant therapy for squamous cell carcinoma of the head and neck. Company news commonly covers Multikine regulatory interactions, FDA Orphan Drug designation for neoadjuvant use, confirmatory registration-study preparation, and the company's positioning of the therapy before surgery, radiation, and chemotherapy.
Updates also include financial results, public equity offerings used to fund Multikine development, investor presentations, and regional commercialization or regulatory-affairs agreements, including activity in Saudi Arabia. CEL-SCI's disclosures often connect clinical development with working-capital needs and potential international market access.
CEL-SCI Corporation (NYSE American: CVM) announced an increased public offering of 1,400,000 shares of common stock at $22.62 per share, a 5% discount to the last closing price. The offering, expected to close around June 11, 2021, will fund the development of Multikine and other corporate purposes. Kingswood Capital Markets is the sole book-runner. The offering is registered under an S-3 shelf registration. Investors are reminded that the offering is subject to market conditions and other risks.
CEL-SCI Corporation (NYSE American: CVM) announced an underwriting agreement with Kingswood Capital Markets to sell a minimum of 1,000,000 shares at $22.62 per share, a 5% discount from the June 8, 2021 closing price. The offering is set to close around June 11, 2021, subject to customary conditions. A 30-day option is granted to purchase an additional 15%. Proceeds will fund the development of Multikine and other corporate purposes. The shares are offered under a "shelf" registration statement with the SEC.
CEL-SCI Corporation (NYSE American: CVM) announced its financial results for Q2 2021, reporting an operating loss of $8.5 million, up from $6.7 million in Q2 2020. For the six months ended March 31, 2021, losses reached $17.3 million, compared to $13.6 million in the prior year. The company is in the statistical analysis phase of its Phase 3 head and neck cancer study of Multikine, with plans for a commercial launch following the completion of its $10.6 million manufacturing facility upgrade.
CEL-SCI Corporation (NYSE American: CVM) reported its financial results for the quarter ending December 31, 2020, highlighting key clinical developments.
Notably, the Phase 3 head and neck cancer study for Multikine is in statistical analysis, following data lock completion. The company also expanded its cGMP facility to double production capacity. Financially, CEL-SCI recorded a net loss of approximately $7.9 million, compared to $5.5 million for the same quarter in 2019. Cash reserves stood at approximately $21.9 million as of December 31, 2020, bolstered by a public offering that raised about $13.6 million.
CEL-SCI Corporation (NYSE American: CVM) announced that CEO Geert Kersten will present at the 2021 H.C. Wainwright BIOCONNECT Virtual Conference from January 11-14, 2021. The presentation will be available on-demand starting January 11 at 6:00 AM ET. CEL-SCI's Phase 3 study focuses on Multikine, an investigational cancer immunotherapy specifically targeting advanced squamous cell carcinoma of the head and neck. The study aims to boost patients' immune responses before undergoing standard treatments, with 928 patients fully enrolled as of September 2016.
CEL-SCI Corporation (NYSE American: CVM) has issued a letter to shareholders emphasizing its investigational cancer immunotherapy, Multikine. The company aims to improve survival rates for head and neck cancer through early immune system activation before conventional treatments. It is finalizing results from a pivotal Phase 3 study, which has taken nearly a decade to complete. The letter highlights the complexity of the study, including past challenges with a CRO, and reassures stakeholders of ongoing FDA oversight and positive expectations for Multikine's efficacy.
CEL-SCI Corporation (CVM) reported its fiscal year 2020 results, highlighting key developments in its Phase 3 study of Multikine for head and neck cancer. The study reached a crucial milestone with 298 events, leading to data analysis. The company raised approximately $25.8 million in 2020 and an additional $14.7 million post-fiscal year. However, CEL-SCI recorded a net loss of $30.3 million, up from $22.1 million in 2019, primarily due to increased R&D and administrative expenses. The company is also advancing LEAPS immunotherapy for COVID-19 and rheumatoid arthritis.
CEL-SCI Corporation (NYSE American: CVM) announced its presentation at the 13th Annual LD Micro Main Event Conference on December 15, 2020, at 10:00 a.m. ET, featuring CEO Geert Kersten. The virtual presentation will include a 10-minute overview followed by a Q&A session. CEL-SCI's Phase 3 study of its investigational product, Multikine, aims to treat newly diagnosed advanced primary squamous cell carcinoma of the head and neck. It is noted as the largest Phase 3 study of its kind, fully enrolled with 928 patients. The study is currently in the statistical analysis phase.
CEL-SCI Corporation (NYSE American:CVM) announced its participation at the LD 500 investor conference on September 2, 2020, at 10:20 a.m. ET. CEO Geert Kersten will present to a virtual audience, with a live audio webcast available. CEL-SCI is conducting a Phase 3 study of Multikine for advanced primary squamous cell carcinoma of the head and neck, uniquely administering it before conventional therapies. The study has enrolled 928 patients, and data analysis is currently underway following 298 survival events in April 2020.