Evogene Stock Price, News & Analysis

Biomica Ltd., a clinical-stage biopharmaceutical company and a subsidiary of Evogene Ltd. (NASDAQ: EVGN), has appointed Professor Gal Markel to its Scientific Advisory Board. This addition aims to enhance Biomica’s immuno-oncology clinical development program. Professor Markel is an expert in translational tumor immunology with over 130 peer-reviewed papers and has significant experience in microbiome therapy. His groundbreaking study linking microbiome changes to improved melanoma immunotherapy positions him to contribute valuable insights to Biomica’s future projects.

Biomica Ltd., a subsidiary of Evogene (Nasdaq: EVGN), announced the dosing of the first patient in its Phase I clinical trial of BMC128, a microbiome-based drug candidate for immuno-oncology. This trial assesses safety and tolerability in patients with non-small cell lung cancer, melanoma, or renal cell carcinoma, using Bristol Myers Squibb's Opdivo® as an immune checkpoint inhibitor. Preliminary results are anticipated in early 2023, with the study aiming for completion by H2-2023. BMC128 is designed to enhance anti-tumor immunity via a unique microbial consortium identified through advanced microbiome analysis.

Biomica Ltd., a biopharmaceutical company specializing in microbiome-based therapeutics and a subsidiary of Evogene (NASDAQ: EVGN), will present at Microbiome Connect Europe in Amsterdam on July 6-7, 2022. Dr. Shiri Meshner, VP R&D at Biomica, will participate in a panel discussing gut microbiota's role in cancer therapy on July 6 at 11:30am CET and will present updates on BMC128, a live bacterial consortium for enhancing immune checkpoint therapy, on July 7 at 3:45pm CET. One-on-one meetings with Dr. Meshner are available for interested parties.

Biomica Ltd. announced its participation in the 7th Microbiome Movement Drug Development Summit, taking place from June 21-24, 2022, in Boston, MA. Dr. Elran Haber, CEO of Biomica, will join the opening panel on June 22, 2022. This summit is recognized as a key platform for microbiome drug developers, focusing on next-generation microbiome-based therapeutics and fostering industry collaborations. Biomica, a subsidiary of Evogene Ltd. (NASDAQ: EVGN), specializes in developing microbiome-based therapies targeting antibiotic-resistant bacteria and GI disorders.

Evogene Ltd. (NASDAQ: EVGN) reported its Q1 2022 financial results, showing revenues of $237K, a decline from $333K in Q1 2021. The company maintains a strong cash position of approximately $45 million. R&D expenses increased to $5.6 million from $4.3 million year-over-year, primarily due to ongoing clinical preparations. The net loss for the quarter was $9.1 million, up from $7.1 million in Q1 2021. Significant milestones include Biomica's positive pre-clinical results for BMC333 and the initiation of its first-in-human study. Lavie Bio's product 'result™' has shown potential yield improvements for growers amidst rising wheat prices.

Biomica Ltd., a biopharmaceutical subsidiary of Evogene (NASDAQ: EVGN), will present its research at the 2022 ASCO Annual Meeting in Chicago from June 3-7, 2022. The presentation, titled "A rationally designed live bacterial consortium for the potentiation of immune checkpoint therapy in solid tumors," has been selected for a poster session and the GRASP Advocate Choice Award. Dr. Corinne Maurice-Dror will present on June 5, 2022. Biomica is focused on microbiome-based therapeutics for antibiotic resistance and immuno-oncology.

Biomica Ltd., a subsidiary of Evogene (NASDAQ: EVGN), will present at Digestive Disease Week (DDW) 2022 in San Diego, California, from May 21-24. Professor Yehuda Ringel, Biomica's CSO, is scheduled to speak on May 22 from 4:00 PM to 5:30 PM PDT about the anti-inflammatory effects of a live bacterial consortium for treating Inflammatory Bowel Disorders (IBD). This presentation will share findings from pre-clinical research on microbiome-based drug development. Biomica focuses on microbiome therapeutics for gastrointestinal disorders and bacterial resistance.

Lavie Bio Ltd., a subsidiary of Evogene (NASDAQ: EVGN), reports strong demand for its bio-inoculant result™ during the 2022 growing season, successfully selling its entire production to U.S. customers. This demand is driven by rising global wheat prices due to shortages exacerbated by the Russia-Ukraine conflict. Field trials indicate result™ can enhance yields by 3-4 bushels per acre, translating to an additional $30-40 in revenue per acre for farmers. The company plans to increase production for the 2023 season and expand sales to Canada and Europe.