Enlivex Therapeutics Ltd Stock Price, News & Analysis

Enlivex Therapeutics Ltd. (Nasdaq: ENLV) announced a significant advancement in its patent strategy. The U.S. Patent and Trademark Office has issued a Notice of Allowance for patent application number 16/076,026. This patent will extend intellectual property protection for the company's Allocetra™ therapy in combination with CAR T-cell therapy until at least 2036. Allocetra™ is designed to reprogram macrophages, potentially addressing unmet medical needs in diseases like solid cancers and sepsis. The patent is expected to be formally issued in 2023, enhancing the company's position in the competitive field of immunotherapy.

Enlivex Therapeutics Ltd. (Nasdaq: ENLV) announced the appointment of Andrew Singer to its Board of Directors on April 17, 2023. With over 25 years in biotechnology and corporate finance, Singer previously served as EVP and CFO of Epizyme and held senior roles at major investment banks. He has led transactions exceeding $13 billion in the biopharmaceutical sector. Singer expressed enthusiasm about joining Enlivex at a critical time for the company, emphasizing the potential of its macrophage reprogramming therapy, Allocetra, which aims to address unmet medical needs in various serious conditions. Executive Chairman Shai Novik highlighted Singer's extensive experience as a perfect fit for Enlivex's strategic vision.

H.C. Wainwright & Co. has reaffirmed a buy rating for Enlivex Therapeutics Ltd. (NASDAQ:ENLV) with a 12-month price target of $15 per share, valuing the company at $320 million. While a net loss of $1.75 per share is anticipated in 2023 due to elevated R&D expenses, the company's cash reserves of $50.2 million should sustain operations through mid-2024. Enlivex is set to present topline data from its clinical trials for the immunotherapy Allocetra, including a collaboration with BeiGene Ltd to amend its phase 1/2a trial. Positive interim results could broaden Allocetra's applications in treating solid tumors, potentially overcoming previous failures in the checkpoint inhibitor market.

Enlivex Therapeutics Ltd (NASDAQ:ENLV) announced a clinical collaboration with Beigene Ltd to explore a new combination therapy targeting advanced-stage solid tumors. This collaboration aims to integrate Allocetra, Enlivex's macrophage reprogramming immunotherapy, with tislelizumab, an anti-PD-1 immune checkpoint inhibitor from Beigene. The amended Phase 1/2a trial will include approximately 48 patients and assess the safety and efficacy of the combination therapy. A successful outcome could enhance immune system response against cancer. Previous preclinical studies have shown promising results, with an 83% increase in survival rate observed in ovarian cancer models. The trial's enrollment is set to conclude by the end of Q2 2023.

Enlivex Therapeutics (Nasdaq: ENLV) reported its full-year 2022 financial results and unveiled updates on clinical programs. A collaboration with BeiGene was announced on April 3, 2023, to explore Allocetra™, a cell therapy, in treating advanced-stage solid tumors. The company plans to amend its sepsis trial protocol to broaden patient inclusion and shift from four cohorts to two. Positive recommendations were received to continue two Phase I/II trials, with data readouts expected by Q2 2024. Research expenses rose to $18.6 million, with a net loss of $31 million for the fiscal year 2022. Cash reserves stood at $50.2 million as of year-end.