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Molecular Partners AG develops DARPin therapeutics, a class of custom-built protein drugs used in oncology-focused drug development. Company updates center on its clinical-stage and preclinical pipeline, including Radio-DARPin candidates for targeted radiopharmaceuticals, tumor-localized immune activation programs, and next-generation immune cell engagers for cancer.
Recurring developments include scientific conference presentations, peer-reviewed clinical data, preclinical research, partnership activity, annual financial results, and shareholder-meeting governance. Key program references include MP0712, a DLL3-targeting Radio-DARPin for small cell lung cancer and other DLL3-expressing neuroendocrine cancers; MP0317, a FAPxCD40 DARPin designed for tumor-localized CD40 activation; and Switch-DARPin and T cell engager candidates for solid tumors and hematologic cancers.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) announced that late-breaker data from the EMPATHY study of ensovibep will be presented at the 32nd European Congress of Clinical Microbiology and Infectious Diseases in Lisbon from April 23-26, 2022. Dr. N. Kumarasamy will present interim results from the phase II/III study focused on mild-to-moderate COVID-19 patients. Additionally, a symposium on COVID-19 variants and DARPin therapeutic efficacy will occur on April 26, featuring insights from Novartis and Molecular Partners' executives.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN), a clinical-stage biotech company, announced participation in the Kempen Life Sciences investor conference on April 20-21, 2022. CFO Andreas Emmenegger and COO Michael Stumpp will present on April 20 at 16:30 CET (10:30 AM EDT). The company focuses on developing DARPin therapeutics, a new class of custom-built protein drugs aimed at addressing unmet medical needs in areas like infectious disease and oncology. More details will be available on the Molecular Partners website.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) announced that all shareholder motions were approved during its recent Annual General Meeting. Key outcomes included the re-election of the Board of Directors, with Bill Burns remaining as Chairman. KPMG AG Zurich was confirmed as statutory auditors for 2022. Shareholders authorized the Board to increase share capital until April 2024 and approved the annual financial statements for 2021. The meeting was conducted virtually due to COVID-19 regulations, without physical attendance.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) announced significant preclinical findings for MP0317, its second immuno-oncology candidate, published in Cancer Immunology Research. MP0317 targets FAP and CD40 to foster localized immune activation in tumors while minimizing systemic toxicity. The study demonstrates that MP0317 effectively induces tumor-localized immune activation, potentially offering a wider therapeutic window compared to traditional CD40-targeting therapies. Currently undergoing a Phase 1 clinical trial, initial results are anticipated in late 2022.
Molecular Partners AG (SIX: MOLN, NASDAQ: MOLN) has announced the details of its Annual General Meeting (AGM) scheduled for April 13, 2022, at 2 PM CET. The meeting will be held virtually due to ongoing pandemic concerns, allowing shareholders to participate only through written or electronically submitted instructions to an independent proxy. Key upcoming financial events include the Interim Management Statement Q1 2022 on May 12, 2022, and Half-year results 2022 on August 25, 2022. Molecular Partners is focused on developing DARPin therapeutics for various medical applications.
Molecular Partners AG (SIX: MOLN, NASDAQ: MOLN) released its financial results for 2021, noting a total revenue of CHF 9.8 million and a net loss of CHF 63.8 million. The company received CHF 150 million from Novartis following positive Phase 2 results for ensovibep, a DARPin therapeutic for COVID-19. Ensovibep has FDA Fast Track designation, with plans for global Phase 3 trials. Molecular Partners maintains strong financial health, projecting cash runway into 2025. The company aims to broaden its pipeline, including oncology and virology programs, while preparing for key regulatory submissions.
ZURICH-SCHLIEREN, Switzerland and CONCORD, Mass., Feb. 25, 2022 – Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN), a clinical-stage biotech firm, announced CEO Patrick Amstutz's participation in two investor events in March 2022. Key dates include the Credit Suisse London Global Healthcare Conference on March 1-2, and a Fireside chat at the Cowen Health Care Conference on March 9. Additionally, the FY 2021 annual report will be published on March 15, followed by an investor conference call on March 16. Webcasted presentations will be accessible via the company's website.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) has announced that CEO Patrick Amstutz, Ph.D., will participate in the SVB Leerink 11th Annual Global Healthcare Conference 2022. The presentation is scheduled for February 16, 2022, at 9:20 am ET. This clinical-stage biotech company specializes in developing DARPin therapeutics, a novel class of custom-built protein drugs aimed at addressing healthcare challenges. Their work spans infectious disease, oncology, and ophthalmology, with partnerships among leading pharmaceutical companies.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) has announced that its partner Novartis requested Emergency Use Authorization (EUA) from the U.S. FDA for ensovibep, a DARPin antiviral therapeutic candidate aimed at treating COVID-19. This request builds on positive Phase 2 trial results from the EMPATHY study involving 407 symptomatic patients infected with SARS-CoV-2. Ensovibep is designed to inhibit the virus's entry into cells by targeting the spike protein, showing potential advantages in treating COVID-19.
Molecular Partners AG (SIX: MOLN; NASDAQ: MOLN) has partnered with Novartis, granting global rights to ensovibep, an antiviral treatment for COVID-19. Novartis will lead its development and commercialization. The agreement includes a CHF 150 million milestone payment to Molecular Partners and a 22% royalty on sales in relevant territories. This collaboration aims to accelerate ensovibep's availability via expedited regulatory processes. The company's cash reserves are projected to last into 2025, strengthened by this agreement.