Rallybio Corp Stock Price, News & Analysis

Rallybio Corporation (Nasdaq: RLYB) has reported positive topline results from its Phase 1 study of RLYB116, a subcutaneous C5 inhibitor. The study demonstrated a reduction of >99% in free C5 within 24 hours after a 100 mg dose in healthy participants, with a terminal elimination half-life exceeding 300 hours. The drug was well-tolerated with mild or moderate adverse events noted. A Phase 1 multiple ascending dose study is set to begin in the first quarter of 2023, potentially leading to improved quality of life for patients with complement-mediated diseases.

Rallybio Corporation announced promising preliminary results from its ongoing Phase 1b study of RLYB212, an anti-HPA-1a monoclonal antibody aimed at preventing fetal and neonatal alloimmune thrombocytopenia (FNAIT). The data indicates that RLYB212 rapidly eliminates transfused HPA-1a positive platelets, achieving over 90% reduction in mean platelet elimination half-life compared to placebo. Safety assessments show acceptable tolerability with no serious adverse events. Rallybio plans to disclose comprehensive proof-of-concept data in the first quarter of 2023.

Rallybio Corporation (Nasdaq: RLYB), a clinical-stage biotechnology firm, will participate in a fireside chat at the 2022 Wells Fargo Healthcare Conference on September 7, 2022, at 3:10 p.m. ET in Everett, MA. A live webcast can be viewed on Rallybio's website, with an archived replay available for 30 days. Founded in January 2018, Rallybio focuses on developing therapies for severe and rare diseases, particularly in hematology and immuno-inflammation. The company is based in New Haven, Connecticut, and collaborates with the University of Connecticut.

Rallybio Corporation (Nasdaq: RLYB) reported second-quarter financial results for 2022, highlighting progress in its clinical pipeline. The Phase 1b study of RLYB212 shows promising data in eliminating transfused HPA-1a positive platelets. R&D expenses increased to $10.1 million, primarily due to asset acquisition for RLYB331, while G&A expenses rose to $7.5 million. The net loss for the quarter stood at $17.6 million, with net loss per share at $0.57. As of June 30, 2022, the company had cash reserves of $147.4 million, sufficient to fund operations into Q1 2024.

Rallybio Corporation (NASDAQ: RLYB) announced the appointment of Wendy K. Chung, M.D., Ph.D., to its Board of Directors. Dr. Chung brings over 20 years of experience in human genetic research and is well-acquainted with the challenges in developing therapies for rare diseases. Her expertise is expected to enhance Rallybio's product portfolio and pipeline development. Chairman and CEO Martin Mackay emphasized the valuable insights Dr. Chung will provide as the company focuses on life-transforming therapies for severe and rare diseases.

Rallybio Corporation (Nasdaq: RLYB) announces the retirement of Chief Financial Officer Jeffrey Fryer, who will remain until the appointment of a successor. The company has initiated an external search for a new CFO. Fryer expressed satisfaction with his time at Rallybio, citing a strong financial position and growing pipeline. Rallybio is a clinical-stage biotechnology firm focused on developing therapies for severe and rare diseases.

Rallybio Corporation (Nasdaq: RLYB) announced its participation in two major investor conferences. The first is the Jefferies Healthcare Conference in New York on June 8, 2022, at 10:30 a.m. ET. The second is the JMP Securities Life Sciences Conference, also in New York, scheduled for June 15, 2022, at 10:30 a.m. ET. Investors can access a live webcast of both presentations through Rallybio’s website, with replays available for 30 days post-event. Rallybio focuses on therapies for severe and rare diseases, established in January 2018.

Rallybio Corporation (Nasdaq: RLYB) reported its Q1 2022 financial results, highlighting a net loss of $14.5 million, or $0.48 per share, compared to a net loss of $13.3 million in Q1 2021. The company initiated a Phase 1b study for RLYB212 targeting fetal and neonatal alloimmune thrombocytopenia (FNAIT) and continues its Phase 1 study of RLYB116. Rallybio also acquired RLYB331 from Sanofi, aimed at treating severe anemias. R&D expenses decreased to $7.6 million, while G&A expenses rose to $6.7 million. Cash reserves stand at $161.4 million.

Rallybio Corporation (Nasdaq: RLYB) has secured worldwide exclusive rights to Sanofi's KY1066, now named RLYB331, a preclinical antibody targeting severe anemia linked to ineffective erythropoiesis and iron overload. This licensing agreement represents a significant development for Rallybio as it expands its hematology pipeline. RLYB331 aims to address unmet needs in patients with conditions like beta thalassemia and myelodysplastic syndromes. The company plans to initiate preclinical activities and will pay Sanofi $3 million upfront, along with additional milestone payments and royalties on sales.