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iBio Updates on IBIO-202 COVID-19 Vaccine Development

iBio, Inc. (IBIO) announced progress on its COVID-19 vaccine, IBIO-202, which targets the nucleocapsid protein. Following FDA feedback, the company will conduct IND-enabling challenge studies and aims to submit an IND application by year-end 2022. This second-generation vaccine seeks to overcome waning immunity associated with first-generation vaccines that focus on the spike protein. iBio's research indicates that the N protein could stimulate a more durable immune response against emerging variants.

iBio, Inc. (NYSE: IBIO) announced its participation in the H.C. Wainwright BioConnect Conference from January 10-13, 2022. The company will provide a pre-recorded presentation accessible to all registered attendees and on its website beginning January 10. iBio specializes in next-generation biopharmaceuticals through its FastPharming Manufacturing System, which integrates vertical farming and automated hydroponics to produce high-quality proteins. The firm is focused on developing biopharmaceuticals for cancer, fibrotic, and infectious diseases.

iBio, Inc. (NYSE: IBIO) has partially adjourned its 2021 Annual Meeting of Shareholders to allow further voting on two key proposals: a Reverse Stock Split and a Change in Authorized Shares. As of now, shareholders are supporting these proposals by a 2-to-1 margin. The Annual Meeting will reconvene on January 31, 2022, at 9:00 a.m. Eastern time. The company encourages those who have not yet voted or who voted against the proposals to reconsider their stance.

iBio, a developer of biopharmaceuticals, announced that its 2021 Annual Shareholders meeting is set for December 22, 2021, at 9:00 AM EST. The meeting will address two critical proposals: a reverse stock split and an increase in authorized shares. Currently, 64% and 67% of shareholders have voted in favor, but additional votes are necessary for approval. iBio encourages shareholders who have not yet voted to participate. The company is recognized for its sustainable, plant-based FastPharming Manufacturing System, aimed at developing treatments for various diseases.

iBio announced the partial adjournment of its annual meeting of stockholders to December 22, 2021, with over 60% of shares voting in favor of a reverse stock split and authorized share decrease. Proposals 4 and 5 received 64% and 67% support, respectively. Both Glass Lewis and ISS recommended approving these measures. The Company aims to secure the requisite majority from all outstanding shares to facilitate its growth strategy while encouraging additional votes from shareholders who have not yet voted.

iBio, Inc. (NYSEA:IBIO) announced an update on its COVID-19 vaccine, IBIO-202, in response to the Omicron variant. Classified by WHO as a Variant of Concern, the Omicron variant has numerous mutations in the spike protein, which traditional vaccines target. iBio’s strategy focuses on the nucleocapsid protein, believed to be more conserved and effective against variants. The company expects feedback from the U.S. FDA by January regarding its pre-IND application for IBIO-202.

iBio, a developer of biopharmaceuticals, reported Q1 2022 revenues of approximately $211,000, down 49% year-over-year. The company has advanced its oncology initiatives with new collaborations and has initiated research on anti-fibrotic treatments. iBio has also begun implementing new vaccine delivery technologies and acquired a cGMP manufacturing facility. Despite an increased net loss of $8.9 million, iBio retains $82.3 million in cash reserves, allowing operations to continue through Q3 2023. The company aims for growth throughout FY2022.

iBio, Inc. (IBIO) announced a research collaboration with UT Southwestern to investigate the anti-cancer effects of its IBIO-100 program in solid tumors. The focus will be on cancer-associated fibroblasts (CAFs) and the molecule endostatin E4, which may enhance chemotherapy and immunotherapy outcomes. Tom Isett, iBio's CEO, expressed enthusiasm about the partnership, while Chief Scientific Officer Martin Brenner highlighted the importance of targeting fibrosis for better cancer treatment responses. The research aims to explore how to normalize fibrotic environments without destroying CAFs.

iBio, Inc. (NYSEA:IBIO) will report its fiscal 2022 first quarter financial results after market close on November 15, 2021. The company, known for its sustainable, plant-based FastPharming Manufacturing System, will host a webcast and conference call at 4:30 p.m. Eastern Time to discuss these results and provide a corporate update. Investors can access the live and archived webcast on the company's website. iBio focuses on developing biopharmaceuticals for treating cancers, fibrotic conditions, and infectious diseases.