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MiNK Therapeutics and University of Wisconsin–Madison Announce Phase 1 Clinical Trial of Allo-iNKT Cell Therapy (AgenT-797) to Evaluate Prevention of Graft-Versus-Host Disease

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(High)
Rhea-AI Sentiment
(Neutral)

MiNK Therapeutics (NASDAQ: INKT) and University of Wisconsin–Madison will initiate an investigator‑sponsored Phase 1 trial of allo‑iNKT cell therapy agenT‑797 to evaluate safety, tolerability, and preliminary efficacy for preventing graft‑versus‑host disease (GvHD) in patients undergoing allogeneic hematopoietic stem cell transplantation for high‑risk leukemias and other blood cancers.

The program is supported by two non‑dilutive awards: an NIAID STTR grant for preclinical development and a Mary Gooze Clinical Trial Award to fund enrollment, immune monitoring, and operations. AgenT‑797 is described as an off‑the‑shelf, HLA‑independent, lymphodepletion‑free donor‑derived iNKT therapy with prior favorable safety and immune‑modulating activity reported in solid tumors and ARDS.

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AI-generated analysis. Not financial advice.

Positive

  • Phase 1 trial initiation for agenT‑797 in HSCT patients
  • Non‑dilutive dual funding: NIAID STTR plus Mary Gooze award
  • Off‑the‑shelf, HLA‑independent, donor‑derived iNKT therapy
  • No lymphodepleting conditioning required per announcement
  • Prior favorable safety and immune‑modulating activity reported

Negative

  • Efficacy in preventing GvHD after HSCT remains unproven in humans
  • Announcement contains no clinical efficacy data from HSCT studies
  • No financial guidance, revenue, or commercialization timetable provided

News Market Reaction – INKT

-1.70%
1 alert
-1.70% News Effect

On the day this news was published, INKT declined 1.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Trial phase: Phase 1 Net loss (Q3 2025): $2.89M Net loss (YTD 2025): $9.89M +5 more
8 metrics
Trial phase Phase 1 Investigator-sponsored allo-iNKT trial in GvHD prevention
Net loss (Q3 2025) $2.89M Quarterly net loss per 10-Q filed 2025-11-14
Net loss (YTD 2025) $9.89M Year-to-date net loss through September 30, 2025
Cash & equivalents $14.28M Balance as of September 30, 2025
Shelf capacity $150,000,000 Total amount under S-3 shelf registration
ATM program size $50,000,000 Maximum common stock sales via ATM under S-3
Current ATM limit $6,641,284 Capacity under General Instruction I.B.6 based on float
Public float $35,031,699 Public float as of November 6, 2025

Market Reality Check

Price: $11.41 Vol: Volume 14,802 is below 20...
normal vol
$11.41 Last Close
Volume Volume 14,802 is below 20-day average of 19,822 (relative volume 0.75x). normal
Technical Price 12.615 trades above 200-day MA 12.09, but is 83.4% below 52-week high and 176.64% above 52-week low.

Peers on Argus

INKT is up 4.78% with mixed but mostly positive peer moves: ACET +4.71%, ALXO +8...

INKT is up 4.78% with mixed but mostly positive peer moves: ACET +4.71%, ALXO +8.26%, ARTV +5.02%, PRLD +7.2%, while HOWL is down 2.64%, supporting a stock-specific read for this clinical trial news.

Common Catalyst Select oncology peers have news around conferences and clinical updates, but INKT’s allo-iNKT GvHD trial initiation appears company-specific.

Historical Context

5 past events · Latest: Nov 20 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Nov 20 Preclinical data Positive -1.3% Preclinical MiNK-215 data showing stromal remodeling and anti-tumor activity.
Nov 14 Earnings & pipeline Negative -3.6% Q3 2025 losses and going concern disclosure alongside clinical updates.
Nov 07 Clinical update Positive -3.1% SITC 2025 data with ~23‑month median OS and favorable safety for agenT-797.
Nov 05 Earnings preview Positive +2.0% Announcement of upcoming Q3 call and recent durable activity data for agenT-797.
Oct 30 Conference preview Positive -1.1% Plan to present late-breaking Phase 1 agenT-797 solid tumor data at SITC.
Pattern Detected

Recent history shows several positive clinical/commercial updates followed by flat-to-negative 24h reactions, suggesting the stock has often sold off or stayed muted on good news.

Recent Company History

Over the last few months, MiNK reported multiple positive updates on its iNKT platform, including durable responses and extended survival data for agenT-797 in solid tumors and preclinical progress for MiNK-215. Despite this, 24‑hour moves after these news items were often negative. Q3 2025 results highlighted ongoing losses and a going concern disclosure, partially offset by added cash runway. Against this backdrop, today’s Phase 1 GvHD trial initiation extends agenT-797 into transplantation, consistent with prior signals about moving into GvHD and hematologic malignancies.

Regulatory & Risk Context

Active S-3 Shelf · $150,000,000
Shelf Active
Active S-3 Shelf Registration 2025-11-07
$150,000,000 registered capacity

An effective S-3 shelf filed on 2025-11-07 allows MiNK to offer up to $150,000,000 of securities, with an associated ATM program of up to $50,000,000. Based on a public float of $35,031,699, current ATM capacity is $6,641,284, giving the company flexibility to raise capital for R&D and clinical programs.

Market Pulse Summary

This announcement extends agenT-797 into a Phase 1, investigator-sponsored trial aiming to prevent G...
Analysis

This announcement extends agenT-797 into a Phase 1, investigator-sponsored trial aiming to prevent GvHD and other complications after allo-HSCT, broadening MiNK’s iNKT platform beyond solid tumors. The program is supported by non-dilutive NIH STTR and philanthropic funding, while filings highlight ongoing losses and a recently filed S-3 shelf of up to $150,000,000. Investors may watch for emerging safety and efficacy data, cash runway developments, and any use of the ATM facility to fund further trials.

Key Terms

allo-inkt, graft-versus-host disease, allo-hsct, lymphodepletion, +4 more
8 terms
allo-inkt medical
"off-the-shelf allogeneic invariant natural killer T (allo-iNKT) cell therapies, today announced"
A donor-derived immune cell therapy made from invariant natural killer T (iNKT) cells that can be manufactured ahead of time and given to many patients without using their own cells. Investors care because it represents an “off‑the‑shelf” approach to cell therapy—more like a mass-produced drug than a one-off custom treatment—which can lower manufacturing costs, speed distribution, and scale revenue if safety and effectiveness are proven, while still facing regulatory and commercialization risks.
graft-versus-host disease medical
"to evaluate the prevention of Graft-Versus-Host Disease"
Graft-versus-host disease is a complication that can occur after a transplant using donor immune cells, where those transplanted cells attack the recipient’s organs and skin instead of protecting them; imagine a new security team mistaking the building’s occupants for intruders. It matters to investors because its likelihood, severity, and available treatments shape clinical trial results, drug approval chances, safety labels, patient outcomes, and the commercial potential of therapies aimed at preventing or managing the condition.
allo-hsct medical
"patients undergoing allogeneic hematopoietic stem cell transplantation (allo-HSCT). The trial"
Allo-HSCT is a medical procedure in which a patient receives blood-forming stem cells from a genetically matched donor to replace a diseased or damaged bone marrow, often used for blood cancers and immune disorders. For investors, it matters because demand and outcomes for this complex, high-cost treatment affect hospital and clinic revenue, the market for supportive drugs and cell therapies, and the commercial value of companies developing safer transplants, donor matching tools, or complications treatments — like replacing a failing engine with a donated one and tracking the market for parts and repairs.
lymphodepletion medical
"without the cytotoxic burden of lymphodepleting conditioning regimens."
Lymphodepletion is a short medical treatment that lowers a patient’s lymphocytes, the immune cells that can interfere with certain cell-based therapies, to create a more supportive environment for the new therapy to work. Think of it like clearing a crowded garden bed before planting seeds: by temporarily reducing competing cells, the engineered therapy can take hold more effectively. Investors watch lymphodepletion because it affects clinical trial results, safety profiles, treatment adoption, and overall commercial potential.
human leukocyte antigen medical
"without the need for lymphodepletion or human leukocyte antigen (HLA) matching."
Human leukocyte antigens (HLA) are proteins on cell surfaces that act like cellular ID cards, helping the immune system distinguish self from foreign. Investors should care because HLA types influence transplant compatibility, immune-related side effects, patient selection for therapies and clinical trial outcomes; differences can affect drug safety, efficacy, regulatory approval and the need for companion tests, which in turn shapes market size and commercial risk.
ards medical
"immune-modulating activity in solid tumors and ARDS—without the need for"
Acute respiratory distress syndrome (ARDS) is a sudden, severe failure of the lungs where fluid and inflammation prevent oxygen from getting into the bloodstream, like heavy wet balloons that won’t inflate properly. It matters to investors because ARDS represents a serious unmet medical need that drives demand for new therapies, influences clinical trial size and risk, affects regulatory scrutiny and reimbursement, and can significantly impact the valuation of companies developing treatments or diagnostics.
sttr regulatory
"NIH STTR grant from the National Institute of Allergy and Infectious Diseases (NIAID)"
A Small Business Technology Transfer (STTR) award is a U.S. government research grant that funds early-stage technology development by requiring a small company to formally partner with a research institution, such as a university. For investors, STTRs matter because they provide non-dilutive money, independent technical validation and staged milestones—like a funded pilot program—reducing development risk and helping a company advance technologies toward commercial products.
gvhd medical
"iNKTs in GvHD prevention. “This trial marks an important step"
Graft-versus-host disease (GVHD) is a complication that can occur after a patient receives immune cells or stem cells from another person, where the donated immune cells attack the recipient’s skin, liver, gut or other organs. Think of it like transplanted security guards mistaking the house they were sent to protect for a threat. GVHD matters to investors because its severity and treatability drive demand for drugs and therapies, affect clinical trial outcomes and regulatory approvals, and influence healthcare costs and hospital stays.

AI-generated analysis. Not financial advice.

  • Non-dilutive public-private funded trial with NIAID STTR & Mary Gooze Clinical Trial and Translation Award
  • Expands iNKT platform into transplantation with an off-the-shelf, HLA-independent, lymphodepletion-free experimental therapy in patients at risk for GvHD

NEW YORK, Jan. 08, 2026 (GLOBE NEWSWIRE) -- MiNK Therapeutics, Inc. (NASDAQ: INKT), a clinical-stage biopharmaceutical company pioneering off-the-shelf allogeneic invariant natural killer T (allo-iNKT) cell therapies, today announced the upcoming initiation of a Phase 1, investigator-sponsored clinical trial evaluating its lead therapy, agenT-797, in patients undergoing allogeneic hematopoietic stem cell transplantation (allo-HSCT).

The trial, led by Hongtao Liu, MD, PhD, Associate Professor of Medicine, University of Wisconsin School of Medicine and Public Health, with co-investigator Kalyan V. G. Nadiminti, MD, Assistant Professor of Medicine at the University of Wisconsin School of Medicine and Public Health, will evaluate the safety, tolerability, and preliminary efficacy of agenT-797 in reducing graft-versus-host disease (GvHD), relapse, and other post-transplant complications in patients with high-risk leukemias and other blood cancers.

Two complementary public-private funding awards support the advancement of agenT-797 development in HSCT and GvHD. First, an NIH STTR grant from the National Institute of Allergy and Infectious Diseases (NIAID) supports MiNK and the University of Wisconsin–Madison team to develop and evaluate agenT-797 in preclinical models. Second, a philanthropic clinical grant, the Mary Gooze Clinical Trial Award to the University of Wisconsin–Madison directly funds enrollment, immune monitoring, and operations for the Phase 1. Together, these awards enable the simultaneous execution of translational and clinical studies of iNKTs in GvHD prevention.

“This trial marks an important step in expanding our iNKT platform into GvHD, targeting one of the most serious and persistent complications of stem cell transplantation, where effective options remain limited,” said Jennifer Buell, PhD, President and Chief Executive Officer of MiNK Therapeutics. “Our objective is to reduce GvHD and relapse while supporting immune reconstitution, with the potential to improve survival and quality of life for transplant patients—without the cytotoxic burden of lymphodepleting conditioning regimens.”

GvHD is a leading cause of morbidity and mortality following HSCT, affecting up to half of recipients. iNKT cells are uniquely suited to this setting, as they can suppress inflammatory allo-immune responses while preserving anti-leukemia activity and immune competence. agenT-797, an off-the-shelf, donor-derived iNKT cell therapy, has demonstrated favorable safety and immune-modulating activity in solid tumors and ARDS—without the need for lymphodepletion or human leukocyte antigen (HLA) matching.

The University of Wisconsin Carbone Cancer Center's More for Stage IV philanthropic fund is providing support for the trial through the Mary Gooze Clinical Trial and Translation Award to the collaborative team also including Jenny Gumperz, PhD, Professor of Medical Microbiology & Immunology at the University of Wisconsin School of Medicine and Public Health. Beyond clinical testing, the award supports mechanistic research in the Gumperz laboratory to define how iNKT cells control leukemia. The work complements an ongoing collaboration between UW–Madison and MiNK under an NIAID-funded STTR grant, aimed at developing a universal, donor-independent iNKT platform for hematologic malignancies.

Dr. Hongtao Liu, MD, PhD, the study Principal Investigator, said, “As a transplant physician, I see firsthand the toll GvHD takes on patients and families. This study is designed not only to reduce this life-threatening complication but also to enhance immune reconstitution and reduce relapse risk, with the potential to change post-transplant outcomes.”

Professor Jenny Gumperz, leading researcher of iNKT biology, said, “Our research has shown that iNKT cells can restore immune balance and promote healthy engraftment. This trial brings years of translational work full circle by enabling clinical evaluation of an innovative immune-regulating therapy for patients in need.”

About MiNK Therapeutics

MiNK Therapeutics is a clinical-stage biopharmaceutical company pioneering allogeneic invariant natural killer T (iNKT) cell therapies and precision-targeted immune technologies. MiNK’s proprietary platform is designed to restore immune balance and drive cytotoxic responses across cancer, immune-mediated diseases, and pulmonary immune failure. MiNK’s lead candidate, agenT-797, is an off-the-shelf iNKT cell therapy currently in clinical development for GvHD, solid tumors, and severe pulmonary inflammation. With a scalable cryopreserved manufacturing process and differentiated biology bridging innate and adaptive immunity, MiNK is committed to developing next-generation immune reconstitution therapies. For more information, visit www.minktherapeutics.com or follow us on X @MiNK_iNKT.

About AgenT-797

AgenT-797 is an allogeneic invariant natural killer T (iNKT) cell therapy that harnesses the dual power of innate and adaptive immunity. iNKTs function as “master regulators,” combining the cytotoxic capabilities of NK cells with T-cell–like antigen recognition and memory. This unique biology enables a robust, pathogen-agnostic immune response that can be directed against hard-to-treat tumors. Manufactured by MiNK Therapeutics in Lexington, MA, agenT-797 is a scalable, off-the-shelf product designed to provide accessible, transformative treatment options. In clinical trials, agenT-797 can bolster peripheral memory T-cell activation, enhance tumor infiltration, and potentially improve outcomes for patients with solid cancers (Cytryn et al. AACR IO 2024, Oncogene. 2024) and to combat inflammation in critically ill patients with severe respiratory pathology (Nature Communications. 2024).

About the University of Wisconsin School of Medicine and Public Health

The University of Wisconsin School of Medicine and Public Health is recognized as one of the nation's leading institutions in health sciences education, research, and service. Founded in 1907 as the medical school of the University of Wisconsin-Madison, in 2005 it became the nation's first school to integrate the disciplines of medicine and public health. With a deep commitment to a vision of healthy people and healthy communities, we translate discovery into application and interconnect clinical care, education and research. The school employs more than 5,600 faculty and staff and provides educational opportunities for nearly 3,000 students and postgraduate trainees. For federal fiscal year 2024, the school ranked #9 in the nation among public medical schools for NIH funding according to the Blue Ridge Institute for Medical Research. Some of the nation's leading researchers, educators, and clinicians are among the faculty, including several National Medal of Science recipients and National Academy of Science honorees.

About Mary Gooze Clinical Trial and Translation Award

Established by the University of Wisconsin Carbone Cancer Center in honor of advocate and philanthropist Mary Gooze, the Mary Gooze Clinical Trial and Translation Award supports early-stage clinical and translational research aimed at addressing critical unmet needs in advanced and life-threatening diseases. The award provides seed funding to accelerate the development of innovative therapies with the potential to transform patient care, particularly in areas where treatment options remain limited.

Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the federal securities laws, including statements regarding the therapeutic potential, safety, and anticipated benefits of agenT-797; clinical trial design, timing, and enrollment; and MiNK’s broader development plans. These statements are subject to risks and uncertainties detailed in MiNK’s most recent filings with the Securities and Exchange Commission. MiNK cautions investors not to place undue reliance on these statements, which speak only as of the date of this release.

Contacts:

Investor Contact: 917-362-1370 | investor@minktherapeutics.com
Media Contact: 781-674-4428 | communications@minktherapeutics.com

Source: MiNK Therapeutics


FAQ

What is the goal of MiNK Therapeutics' Phase 1 agenT‑797 trial (INKT) announced January 8, 2026?

The trial will evaluate safety, tolerability, and preliminary efficacy of agenT‑797 for preventing graft‑versus‑host disease in patients undergoing allo‑HSCT.

How is the agenT‑797 Phase 1 trial funded for MiNK Therapeutics (INKT)?

The study is supported by a NIAID STTR grant and a philanthropic Mary Gooze Clinical Trial Award, both described as non‑dilutive.

Does agenT‑797 require HLA matching or lymphodepletion in the announced trial?

AgenT‑797 is described as HLA‑independent and designed to be used without lymphodepleting conditioning.

Which patients will the MiNK/University of Wisconsin trial of agenT‑797 target?

The trial targets patients with high‑risk leukemias and other blood cancers undergoing allogeneic hematopoietic stem cell transplantation.

What prior data supports development of agenT‑797 mentioned in the January 8, 2026 announcement?

The announcement cites prior favorable safety and immune‑modulating activity of agenT‑797 in solid tumors and ARDS.

Who is leading the investigator‑sponsored Phase 1 agenT‑797 trial at UW‑Madison?

The trial is led by Hongtao Liu, MD, PhD, with co‑investigator Kalyan V. G. Nadiminti, MD, at the University of Wisconsin School of Medicine and Public Health.