Welcome to our dedicated page for Ngm Biopharmaceuticals news (Ticker: NGM), a resource for investors and traders seeking the latest updates and insights on Ngm Biopharmaceuticals stock.
NGM Biopharmaceuticals, Inc. (NGM) has described itself as a biotechnology company focused on discovering and developing novel, life-changing medicines, with all product candidates generated by its in-house discovery engine. The NGM Bio news flow reflects this biology-centric strategy across oncology, liver disease and rare conditions, as well as significant corporate developments affecting the former NGM stock listing.
News coverage for NGM Bio includes updates on its solid tumor oncology programs, such as clinical data from the ongoing Phase 1/2 trial of NGM707, a dual ILT2/ILT4 antagonist antibody product candidate, in combination with KEYTRUDA (pembrolizumab) in advanced or metastatic solid tumors. The company has also reported progress on NGM831 and NGM438, antagonist antibody product candidates targeting ILT3 and LAIR1, respectively, in combination with pembrolizumab.
Investors and observers can also find news items detailing NGM Bio’s work in liver and metabolic diseases, including positive Phase 2b results from the ALPINE 4 trial of aldafermin, an engineered FGF19 analog, in patients with compensated cirrhosis due to NASH, and plans to further develop aldafermin for primary sclerosing cholangitis. Additional updates have covered the potential development of NGM120, a GDF15/GFRAL antagonist antibody product candidate, for hyperemesis gravidarum, a rare and serious pregnancy-related condition.
Another important theme in NGM Bio news is corporate and transaction activity. The company announced an Agreement and Plan of Merger with Atlas Neon Parent, Inc. and Atlas Neon Merger Sub, Inc., affiliates of The Column Group, LP, followed by the closing of a cash tender offer and subsequent merger that resulted in NGM Bio becoming a privately held, wholly-owned subsidiary and its common stock ceasing to trade on Nasdaq.
By reviewing the NGM news feed, readers can track historical announcements on clinical data presentations, conference participation, strategic updates on pipeline prioritization, and the steps that led to the going-private transaction. This provides context on how NGM Bio’s scientific programs and corporate structure have evolved over time.
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NGM Biopharmaceuticals, Inc. (NGM), a biotechnology firm, announced CEO David J. Woodhouse will join the Cowen 43rd Annual Health Care Conference on March 7 at 9:10 am ET. He will discuss NGM's wholly-owned oncology portfolio as part of the Novel Oncology Targets Panel.
A live webcast will be available on NGM’s website, with a replay accessible for 30 days post-event. NGM focuses on developing transformative therapies, with a portfolio that includes four solid tumor oncology programs currently in clinical development.
NGM Biopharmaceuticals, Inc. (NGM) provided highlights and financial results for Q4 and full year 2022 on February 28, 2023. The company presented promising preliminary findings for NGM707 during the ESMO I-O Congress, showing early anti-tumor activity in advanced solid tumors. They initiated a Phase 1b trial for NGM438 in combination with KEYTRUDA. For 2022, NGM reported a net loss of $162.7 million, up from $120.3 million in 2021. R&D expenses rose to $181.1 million, while related party revenue from Merck decreased to $55.3 million. As of December 31, 2022, NGM had cash reserves of $271.5 million.
NGM Biopharmaceuticals, Inc. (NGM) will participate in the B. Riley Securities 3rd Annual Oncology Conference on January 19, 2023, at 11:00 am ET. CEO David J. Woodhouse, Ph.D., and CFO Siobhan Nolan Mangini will provide a business update focusing on NGM's oncology portfolio. A live webcast of the event will be available on NGM's website, and a replay will be accessible for 30 days post-event. NGM is dedicated to developing transformative therapeutics through biology-centric drug discovery, currently advancing five clinical programs.
