Welcome to our dedicated page for CYAD news (Ticker: CYAD), a resource for investors and traders seeking the latest updates and insights on CYAD stock.
Celyad Oncology reports corporate, financial, and regulatory news as a biotechnology company focused primarily on unlocking the potential of its intellectual property. Company updates commonly address efforts to partner or out-license selected technologies, asset divestitures such as research-facility equipment and the C-CATHez catheter, and financial results that discuss operating expenses, cash resources, and capital needs.
News releases also cover Belgian transparency notifications, major shareholding thresholds, total voting rights, share counts, double voting rights, and warrants tied to the company’s Euronext-listed securities.
Celyad Oncology has announced promising preliminary data from the Phase 1 IMMUNICY-1 trial of CYAD-211 for treating relapsed/refractory multiple myeloma. The treatment was generally well-tolerated at the first two dose levels, with no Graft-versus-Host Disease and two partial responses among five evaluable patients. All patients showed cell engraftment after the second dose. Management plans to provide additional results in the second half of 2021 and highlighted the potential of shRNA technology for allogeneic CAR T therapies.
Celyad Oncology announced a capital increase on May 31, 2021, issuing 182,000 new shares through its Open Market Sale Agreement with Jefferies LLC. This brings the company's total share capital to 52,844,560.33 EUR and increases total shares to 15,187,156. Following the increase, the total number of diluted shares stands at 17,114,912. This move follows Article 15 of Belgian law concerning the disclosure of major participations in publicly traded companies.
Celyad Oncology SA, focused on CAR T therapies for cancer, will present at multiple conferences in June 2021. The presentations will be led by CEO Filippo Petti at events including the Jefferies Virtual Healthcare Conference, William Blair Annual Growth Stock Conference, and JMP Securities Life Sciences Conference. Notably, funding from Walloon Region has been received to support ongoing CAR T therapy programs. Celyad is developing both allogeneic and autologous CAR T candidates targeting hematological malignancies and solid tumors.
Celyad Oncology SA (Euronext & Nasdaq: CYAD) received a transparency notification indicating that Victory Capital Management Inc. has crossed the 5% threshold in voting rights, holding 713,214 shares (4.11% of total shares) as of May 13, 2021. The notification reflects a downward crossing of the statutory threshold due to acquisition or disposal of voting securities. Victory Capital operates through multiple controlled undertakings, and it can exercise voting rights at its discretion.
Celyad Oncology has announced positive initial results from the Phase 1 IMMUNICY-1 trial of its anti-BCMA CAR T candidate, CYAD-211, focused on relapsed/refractory multiple myeloma. The first dose-level cohort showed no Grade ≥ 3 treatment-related adverse events or Graft-versus-Host disease. Notably, a confirmed partial response was observed in one patient receiving a low dose of 30x106 cells. The trial aims to assess the safety and efficacy of CYAD-211, utilizing a non-gene editing technology that minimizes safety risks. Results will be presented at the upcoming EHA Virtual Congress 2021.
Celyad Oncology has provided updates on its clinical trials and financial results for Q1 2021. The Phase 1 IMMUNICY-1 trial for CYAD-211, an allogeneic CAR T candidate, is ongoing with no safety issues reported. Additionally, the alloSHRINK trial for CYAD-101 is progressing, with preliminary data expected mid-2021. The company has appointed new key personnel and entered a $40 million equity purchase agreement with Lincoln Park Capital. As of March 31, 2021, Celyad had €12.2 million in cash, enough to fund operations until mid-2022.
Celyad Oncology (Euronext & Nasdaq: CYAD) announced on May 3, 2021, that Tolefi SA holds 2,295,701 shares with a double voting right, exceeding the 25% ownership threshold. This notification highlights Tolefi's increased influence in corporate decisions. Celyad Oncology is focused on developing CAR T cell therapies for cancer, including a pipeline of allogeneic and autologous candidates. The company has received funding from the Walloon Region in Belgium to advance its research initiatives.
Celyad Oncology SA announced a double voting right for Tolefi SA’s shares effective May 3, 2021, increasing the total number of voting rights to 17,373,181. The company's total share capital amounts to €52,211,200.33, consisting of 12,637,131 shares with single voting rights and 2,368,025 shares with double voting rights. The disclosure is in line with the Belgian law regarding major participations in listed companies.
Celyad Oncology has completed two capital increases, issuing 300,000 new shares to Lincoln Park Capital Fund, LLC, increasing its share capital to 52,211,200.33 EUR and total shares to 15,005,156. The company reported 14,932,832 shares with single voting rights and 72,324 with double voting rights. Total voting rights reached 15,077,480, with a total of 1,802,756 warrants outstanding. These actions comply with Belgian regulations on major participations in publicly traded firms.
Celyad Oncology (Euronext & Nasdaq: CYAD) announced the appointment of Dr. Charles Morris as Chief Medical Officer, aiming to enhance its medical and clinical strategies. Dr. Morris, with over 20 years of experience in oncology drug development, previously held significant roles at Radius Health and Cephalon, contributing to multiple drug approvals. His expertise is expected to be pivotal during a crucial year for the company, which anticipates several important data readouts regarding its allogeneic CAR T therapies.