Welcome to our dedicated page for Sutro Biopharma news (Ticker: STRO), a resource for investors and traders seeking the latest updates and insights on Sutro Biopharma stock.
Sutro Biopharma (NASDAQ: STRO) is a clinical-stage biopharmaceutical company pioneering next-generation oncology therapeutics through its proprietary cell-free XpressCF® platform. This page provides centralized access to official news, including clinical trial updates, strategic partnerships, and financial developments.
Investors and researchers will find timely updates on the company’s innovative antibody drug conjugates (ADCs) and bispecific antibody programs. Content categories include clinical milestones, regulatory filings, collaboration announcements, and manufacturing advancements.
Bookmark this page to stay informed about Sutro’s progress in developing precision oncology treatments and its role in advancing cell-free therapeutic innovation. Check regularly for verified updates directly from the company and trusted sources.
Sutro Biopharma announced the appointment of Dr. Barbara Leyman as Chief Business Development Officer, effective July 8, 2024. Dr. Leyman brings 20 years of life science industry experience to Sutro and has a strong track record in business development, investing, and corporate strategy. Sutro's CEO, Bill Newell, highlighted her arrival at a critical time as the company progresses luvelta in two registration-directed trials. Dr. Leyman has previously held leadership roles at GenEdit, Lyell Immunopharma, and Calico Life Sciences. She was also a Head of Life Sciences Investment Fund at LRM and served on various biopharmaceutical boards. As part of her induction, Dr. Leyman received stock options and restricted stock units, vesting over four years.
Sutro Biopharma announced its Q1 2024 financial results, highlighting significant progress in its clinical pipeline. Key achievements include FDA clearance for a Phase 2 NSCLC trial with luvelta and ongoing Phase 2 studies for luvelta in ovarian cancer and in combination with bevacizumab. Sutro's cash position is strong with $267.6 million in cash and investments, bolstered by $75 million from the Ipsen licensing deal and $75 million from an equity offering. Despite a slight revenue increase to $13.0 million, operating expenses rose to $69.6 million, resulting in a net loss. The company is preparing for several clinical and corporate milestones in 2024, aiming to advance its ADC technologies.
Sutro Biopharma, Inc. announced the initiation of the randomized portion (Part 2) of the REFRαME-O1 trial for platinum-resistant ovarian cancer. 50 patients have been enrolled for Dose-Optimization (Part 1). Luvelta, a novel ADC targeting Folate Receptor-α, shows promise in addressing high unmet medical needs in PROC patients. The Phase 3 trial aims to evaluate the efficacy and safety of luvelta versus chemotherapy in women with PROC.
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