Mereo Biopharma Stock Price, News & Analysis

Mereo BioPharma Group plc (NASDAQ: MREO) announced that CEO Dr. Denise Scots-Knight will participate in a fireside chat at the Jefferies 2021 Virtual Healthcare Conference on June 3, 2021, at 8:00 AM Eastern Time. Investors can access the live audio webcast on the company’s website, with an archived version available for two weeks post-event. Mereo focuses on developing innovative therapeutics for oncology and rare diseases, boasting a robust pipeline including etigilimab and navicixizumab for cancers, and alvelestat and setrusumab for rare diseases.

Mereo BioPharma Group plc (NASDAQ: MREO) will host a virtual R&D day on May 13, 2021, to discuss its etigilimab (Anti-TIGIT) program, focusing on studies for ovarian, cervical cancer, and sarcoma. The event features key opinion leaders and will include updates on the Phase 1b/2 ACTIVATE study and a collaboration with the Cancer Focus Fund for a clinical trial at MD Anderson Cancer Center. Mereo aims to enhance outcomes in oncology and rare diseases with its advanced product candidates.

Mereo BioPharma has announced a partnership with Cancer Focus Fund to evaluate its lead anti-TIGIT antibody, etigilimab, in a Phase 1b/2 clinical study for clear cell ovarian cancer, a rare form of the disease. The study, to be conducted at The University of Texas MD Anderson Cancer Center, will be financed with an upfront consideration of $1.5 million in Mereo shares, along with milestone payments. This collaboration marks the first investment by Cancer Focus Fund, aimed at advancing promising cancer therapies.

Mereo BioPharma Group (NASDAQ: MREO) will present at the 20th Annual Needham Virtual Healthcare Conference on April 12, 2021, at 11:00am Eastern Time. Interested parties can access a live audio webcast via the company’s website, with an archived replay available for two weeks.

Mereo focuses on oncology and rare diseases, featuring six clinical-stage product candidates. Its lead candidate, etigilimab, is in Phase 1b/2 study, while navicixizumab targets late-line ovarian cancer. The company also investigates alvelestat for Alpha-1 antitrypsin deficiency and setrusumab for osteogenesis imperfecta.

Mereo BioPharma Group plc (NASDAQ: MREO) reported a significant net loss of £163.6 million for 2020, compared to a loss of £34.8 million in 2019. Despite the challenges of the pandemic, the company enhanced its pipeline with licensing agreements for setrusumab and navicixizumab, securing substantial milestone payments. Research and development expenses decreased to £16.3 million from £23.6 million in 2019. Cash reserves stand at £23.5 million, with recent financings expected to extend its operational runway into 2024. Mereo aims for substantial milestones in 2021.

Mereo BioPharma Group plc (NASDAQ: MREO) announced participation of CEO Dr. Denise Scots-Knight in the 10th Annual SVB Leerink Global Healthcare Conference on February 25, 2021, at 8:00 am ET. A live audio webcast will be available on the company’s website and archived for two weeks post-presentation. Mereo focuses on innovative therapeutics for oncology and rare diseases, with six clinical-stage candidates, including etigilimab and navicixizumab. The company is also advancing alvelestat and setrusumab for rare diseases, aiming for significant outcomes in treatment.

Mereo BioPharma Group plc (NASDAQ: MREO) has successfully closed its public offering of 39,675,000 American Depositary Shares (ADSs) at $2.90 each. This includes 5,175,000 ADSs from underwriters' options, yielding gross proceeds of $115.1 million. The offering utilized a shelf registration statement, effective since October 21, 2020. Mereo focuses on developing therapeutics for oncology and rare diseases, with multiple product candidates in clinical stages.

Mereo BioPharma Group plc (NASDAQ: MREO) announced the pricing of a public offering of 34.5 million American Depositary Shares (ADSs) at $2.90 each, aiming for gross proceeds of $100.1 million. The offering, fully underwritten by SVB Leerink and others, includes a 30-day option for underwriters to purchase an additional 5.175 million ADSs. The transaction is expected to close on February 12, 2021, pending customary conditions. The funds will support Mereo's clinical development efforts in oncology and rare diseases.

Mereo BioPharma Group plc (NASDAQ: MREO) announced plans for an underwritten public offering of American Depositary Shares (ADSs), subject to market conditions. The company aims to use the net proceeds for ongoing clinical development of its product candidates and for general corporate purposes. Additionally, underwriters have a 30-day option to purchase up to 15% more ADSs. The offering follows a shelf registration statement declared effective by the SEC in October 2020. SVB Leerink serves as the sole book-running manager, with BTIG and Needham & Company as co-lead managers.