Spero Therapeuti Stock Price, News & Analysis

Spero Therapeutics, Inc. (Nasdaq: SPRO) announced that Ankit Mahadevia, M.D., CEO, will present at three upcoming virtual conferences: H.C. Wainwright 23rd Annual Global Investment Conference (Sept 13-15), Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (Sept 20-23), and Cantor Virtual Global Healthcare Conference (Sept 27-30). Webcasts of these presentations will be available on-demand. Spero is focused on developing treatments for multi-drug resistant bacterial infections and rare diseases, notably its lead product candidate, tebipenem HBr.

Spero Therapeutics, Inc. (Nasdaq: SPRO) announced the grant of non-qualified stock options to purchase 98,300 shares of common stock to 7 new employees on August 31, 2021. This was conducted under the 2019 Inducement Equity Incentive Plan, as per Nasdaq's Rule 5635(c)(4). The options have an exercise price of $19.25, the same as the closing price on that date, and will vest over four years. Spero is focused on treatments for multi-drug-resistant infections and rare diseases, with notable candidates like tebipenem HBr for urinary tract infections and SPR720 for rare pulmonary diseases.

Spero Therapeutics announced notable developments including plans to submit an NDA for tebipenem HBr in Q4 2021 and a $40 million equity investment from Pfizer. The investment supports the licensing agreement for SPR206, aimed at treating multi-drug resistant infections. Despite a net loss of $18.6 million for Q2 2021, total revenues increased to $5.1 million, reflecting grants and collaborations. The company reported cash reserves of $99.2 million, expected to sustain operations into late 2022.

Spero Therapeutics, Inc. (Nasdaq: SPRO) announced the grant of non-qualified stock options to purchase a total of 114,600 shares to ten new employees under its 2019 Inducement Equity Incentive Plan. The options, priced at $13.34 per share, align with Nasdaq Listing Rule 5635(c)(4), serving as inducements for employment. The vesting period spans four years, with 25% vesting after the first year. Spero is focused on developing treatments for multi-drug-resistant infections and rare diseases, with key candidates including tebipenem HBr and SPR720.

Spero Therapeutics (Nasdaq: SPRO) announced a conference call scheduled for August 5, 2021, at 4:30 p.m. ET to discuss its Q2 2021 financial results and provide an update on its business and pipeline. The company is focused on developing treatments for multi-drug resistant bacterial infections and rare diseases. Its lead product, tebibenem HBr, is in a Phase 3 trial for complicated urinary tract infections. Archived webcasts will be available for 30 days post-call on their website.

Spero Therapeutics, a clinical-stage biopharmaceutical company (Nasdaq: SPRO), announced that Dr. Ankit Mahadevia will present at the virtual Ladenburg Thalmann Healthcare Conference on July 13, 2021, at 10:30 AM ET. The presentation will cover advancements in treatments for multi-drug resistant infections and rare diseases, including the lead product candidate, tebipenem HBr, aimed at urinary tract infections. Investors can register for the event via a provided link, and a replay will be available on Spero's website after the presentation.

Everest Medicines announced a licensing agreement between its partner Spero Therapeutics and Pfizer for SPR206, a new treatment for multi-drug resistant Gram-negative infections. Under this deal, Spero will receive up to $80 million in milestone payments and royalties on sales, alongside a $40 million equity investment from Pfizer. This partnership enhances the clinical development of SPR206 while maintaining Everest's exclusive rights in Greater China, South Korea, and certain Southeast Asian countries.

Spero Therapeutics, Inc. (Nasdaq: SPRO) announced the grant of non-qualified stock options for 85,650 shares to nine new employees on June 30, 2021. This grant, part of the 2019 Inducement Equity Incentive Plan, aims to incentivize new hires as per Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $13.96 per share and will vest over four years, with 25% vesting after one year. Spero focuses on treatments for multi-drug resistant infections and rare diseases, with lead product candidate tebipenem HBr showing promising clinical trial results.

Spero Therapeutics has partnered with Pfizer to develop and commercialize SPR206, a treatment for multi-drug resistant bacterial infections, in territories outside the U.S. and Asia. Pfizer's $40 million equity investment in Spero will support the clinical development of SPR206 and SPR720, along with preparations for the NDA filing of tebipenem HBr. Spero stands to gain up to $80 million in milestone payments and royalties from SPR206 sales. The funding extends Spero's cash runway into late 2022, emphasizing the need for effective treatments for antimicrobial resistance.