Welcome to our dedicated page for Leap Therapeutic news (Ticker: LPTX), a resource for investors and traders seeking the latest updates and insights on Leap Therapeutic stock.
The news feed for Leap Therapeutics, Inc. (historically Nasdaq: LPTX) captures the company’s transition from a biotechnology issuer focused on targeted and immuno-oncology therapeutics to the renamed Cypherpunk Technologies Inc. with an added digital asset treasury strategy. Press releases describe how the public company changed its name to Cypherpunk Technologies Inc., plans to trade under the ticker CYPH, and intends to acquire and hold Zcash (ZEC) while continuing cancer drug development through a subsidiary that will take the Leap Therapeutics name.
News items cover clinical and preclinical updates for the oncology pipeline, including detailed results from the randomized Phase 2 DeFianCe study of sirexatamab (DKN-01) plus bevacizumab and chemotherapy in microsatellite stable colorectal cancer, and preclinical findings for FL-501, a GDF-15–targeting monoclonal antibody associated with cancer cachexia research. Releases describe statistically significant benefits in DKK1-high colorectal cancer subgroups and activity of FL-501 in animal models of cachexia and chemotherapy-induced weight loss.
Investors can also follow strategic and corporate developments such as the initiation of a process to explore strategic alternatives for sirexatamab and FL-501, workforce reductions and restructuring to conserve cash, and the closing of a private placement led by Winklevoss Capital to fund the digital asset treasury strategy. Additional news highlights governance changes, including new board appointments linked to the financing, and the company’s rationale for focusing on Zcash as a privacy-preserving digital asset.
This page brings together these oncology, digital asset, financing, and governance announcements so readers can review how the historical LPTX issuer evolved into Cypherpunk Technologies Inc. and how its cancer programs and Zcash-focused treasury strategy are described in official communications.
Leap Therapeutics, in collaboration with BeiGene, announced the initiation of Part C of the DisTinGuish study, evaluating DKN-01 plus tislelizumab and chemotherapy in first-line gastric cancer patients. The study targets about 160 HER2-negative patients whose tumors express high DKK1 levels. Leap is also launching a second-line colorectal cancer trial with DKN-01 and bevacizumab, and supporting a trial in endometrial cancer with pembrolizumab. The company hosted an R&D Day to discuss these advancements and highlight strong preliminary results from previous trials.
Leap Therapeutics, Inc. (Nasdaq: LPTX) has announced a virtual R&D Day scheduled for July 12, 2022, at 12:00 pm ET. The event will feature the executive management team along with key opinion leaders discussing new data related to their lead candidate, DKN-01, a humanized monoclonal antibody targeting the Dickkopf-1 (DKK1) protein. Attendees can access a live webcast via the company's Investors page, where a replay will also be available.
Leap Therapeutics, Inc. (Nasdaq: LPTX) announced that initial clinical data from a Phase 1b/2a study of its anti-DKK1 antibody, DKN-01, will be presented at the ASCO Annual Meeting on June 6, 2022. The study evaluates DKN-01 as a monotherapy and in combination with docetaxel for metastatic castration-resistant prostate cancer (mCRPC). Key findings include no dose-limiting toxicities in any cohort and confirmed partial responses in all patients receiving the combination therapy, particularly in aggressive variant prostate cancer cases.
Leap Therapeutics (Nasdaq:LPTX) reported a net loss of $10.4 million for Q1 2022, up from $9.1 million in Q1 2021, driven by increased clinical trial costs. License revenues dropped to $0 due to the prior recognition of upfront payments. R&D expenses rose to $7.8 million, primarily from clinical trial costs and payroll increases. General and administrative expenses increased slightly to $2.8 million. As of March 31, 2022, the company held $103.2 million in cash and cash equivalents. Positive data from the DisTinGuish Study was presented, showing promising response rates in gastric cancer patients.
Leap Therapeutics (Nasdaq: LPTX) reported its financial results for the fourth quarter and year ended December 31, 2021. The company completed a $103.6 million public offering, yielding net proceeds of $96.8 million. Key clinical data from the DisTinGuish Study demonstrated promising results for DKN-01 in gastric cancer patients. Notably, the overall objective response rate (ORR) was 68%, with 90% in DKK1-high patients. Despite achieving clinical milestones, Leap incurred a net loss of $40.6 million, increasing from $27.5 million in 2020, primarily due to rising R&D expenses.
Leap Therapeutics (Nasdaq: LPTX) announced that its CEO, Douglas E. Onsi, will present a corporate overview at the Raymond James Institutional Investors Conference in Orlando from March 6-9, 2022. The presentation is scheduled for March 9 at 7:30 a.m. ET and will be available via live webcast on the company's Investors page. Leap focuses on developing targeted and immuno-oncology therapeutics, with its leading candidate, DKN-01, in trials for various cancers. A replay of the event will be accessible post-presentation.
Leica Biosystems has partnered with Leap Therapeutics (NASDAQ: LPTX) to create a companion diagnostic for detecting Dickkopf-related protein 1 (DKK1), a protein associated with poor cancer outcomes. This diagnostic will support the clinical development of Leap's DKN-01 therapy, a humanized monoclonal antibody currently in Phase 2 trials for gastric cancer. The test employs RNAscope™ technology to identify patients likely to benefit from DKN-01. This collaboration aims to enhance personalized cancer treatment based on biomarker profiles.
Leap Therapeutics (Nasdaq: LPTX), a biotechnology firm specializing in targeted and immuno-oncology therapies, will present a corporate overview at the B. Riley Securities Oncology Investor Conference on January 27, 2022, at 10:00 a.m. Eastern Time. The event will be virtual and accessible via the company’s website, where a replay will also be available. Leap's leading candidate, DKN-01, targets the Dickkopf-1 protein and is currently in clinical trials for various cancers. A partnership with BeiGene has been established for developing DKN-01 in Asia, Australia, and New Zealand.
Leap Therapeutics (Nasdaq: LPTX) announced that updated data from the DisTinGuish Phase 2a trial will be presented at the ASCO Gastrointestinal Cancers Symposium from January 20-22, 2022. The trial evaluates DKN-01, an anti-DKK1 antibody, combined with BeiGene's tislelizumab in patients with gastric and gastroesophageal junction cancer. Notable findings show promising efficacy in DKK1-high patients and improved safety tolerability. A conference call is scheduled for January 21, 2022, to discuss the results. The study is ongoing, focusing on both first-line and second-line therapies.
Leap Therapeutics (Nasdaq: LPTX) announced that its President and CEO, Douglas E. Onsi, will present a corporate overview at the H.C. Wainwright BioConnect 2022 Conference from January 10-13, 2022. The presentation will be available on January 10 at 7:00 a.m. Eastern Time via their Investors page.
The company focuses on developing targeted and immuno-oncology therapeutics, with DKN-01 as their lead candidate currently in trials for various cancers.