Welcome to our dedicated page for Exicure news (Ticker: XCUR), a resource for investors and traders seeking the latest updates and insights on Exicure stock.
Exicure, Inc. (Nasdaq: XCUR) is a clinical-stage biotechnology company developing therapies for hematologic diseases, with a lead focus on the small molecule CXCR4 antagonist burixafor (GPC-100). The Exicure news feed highlights how the company advances this program across multiple indications and how its financial and corporate decisions affect the XCUR stock story.
Readers can follow updates on Exicure’s clinical trials, including an open-label, multicenter Phase 2 study of burixafor in combination with propranolol and G-CSF in patients with multiple myeloma undergoing autologous hematopoietic cell or stem cell transplantation. Company announcements describe topline and interim results, rates of successful CD34+ cell mobilization, engraftment outcomes for participants who proceed to transplant, and safety observations for the burixafor-based regimen.
News items also cover pipeline expansion plans, where Exicure discusses potential use of burixafor in sickle cell disease, rare diseases requiring autologous transplant, cell and gene therapy settings, and as a potential chemosensitizing agent in acute myeloid leukemia (AML). These releases outline how mobilizing hematopoietic or malignant cells from the bone marrow niche into peripheral blood could support transplant procedures or enhance chemotherapy effectiveness.
In addition, the XCUR news stream includes financial results and going concern disclosures, detailing quarterly cash balances, research and development and general and administrative expenses, and management’s assessment that additional financing is needed to fund operations and strategic alternatives. Corporate governance and listing-related developments, such as Nasdaq compliance notices, annual meeting information, and board composition changes, are also reported.
Investors and followers of Exicure can use this page to monitor clinical data presentations, strategic updates related to the acquisition of GPCR Therapeutics USA Inc., and regulatory or capital markets filings that shape the company’s hematology-focused trajectory. Bookmark this feed to review new press releases and regulatory-linked news as they are published.
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Exicure, Inc. (NASDAQ: XCUR) has appointed Jung-Sang (Michael) Kim as the new CEO and CFO, effective April 26, 2023. He takes over from Dr. Matthias Schroff and Elias D. Papadimas, who both stepped down on the same day. The Board also welcomed Jiyoung Hwang as a new Class I director and noted the resignation of Seung Soo Shin as Class II director and chairman. Exicure is an early-stage biotechnology firm focusing on nucleic acid therapies for RNA targeting. Following a restructuring and the suspension of clinical activities, the company is exploring strategic alternatives to enhance stockholder value. For more details, a comprehensive filing will be available on Form 8-K with the U.S. Securities and Exchange Commission.
Exicure, Inc. (Nasdaq: XCUR) reported financial results for 2022, highlighting a revenue increase to $28.8 million from $(0.5) million in 2021 due to the recognition of deferred revenue from terminated collaborations. The company has $9.8 million in cash and expects to need additional financing soon. R&D expenses decreased 60% to $19.8 million, partly due to a reduction in workforce. The net loss improved to $2.6 million from $64.1 million. Despite these changes, Exicure faces substantial doubt about its ability to continue as a going concern without new financing.
Exicure Inc. (NASDAQ: XCUR) has successfully closed a private placement with CBI USA, Inc., finalizing the agreement made on September 26, 2022. This transaction, completed on February 24, 2023, involved the issuance of 3,400,000 shares at $1.60 per share, resulting in approximately $5.4 million in gross proceeds aimed at general working capital. Following the deal, CBI USA emerged as Exicure's majority shareholder, holding around 50.4% of the company’s shares, leading to a change of control. Additionally, three new board members nominated by CBI USA were appointed, while Elizabeth Garofalo resigned from the Board.
Exicure has announced the termination of its collaboration agreements with AbbVie and Ipsen. This decision affects the development programs focused on hair loss disorders and rare neurodegenerative disorders, including Angelman syndrome and Huntington's disease. Exicure now regains the ability to independently develop treatments for these conditions. CEO Matthias Schroff expressed gratitude to both companies for their support, while stating that Exicure is exploring strategic options to maximize stockholder value.
Exicure, Inc. (Nasdaq: XCUR) reported its Q3 2022 financial results, revealing a cash position of $16.8 million, down from $48.3 million in 2021. The company generated $2.0 million in revenue, a significant recovery from a net loss of $(3.7) million in the same quarter last year, primarily due to increased collaboration revenue. However, R&D expenses decreased to $4.8 million from $16.5 million, reflecting ongoing strategic cuts. As of September 30, 2022, the firm faces serious doubts regarding the ability to continue operations without additional financing, raising concerns of potential bankruptcy.
Exicure (NASDAQ: XCUR) has announced significant restructuring plans, including a 66% workforce reduction and cessation of all R&D activities. These changes aim to extend cash runway into Q2 2023. Additionally, CBI USA, Inc. intends to purchase 3.4 million shares for $5.4 million, potentially granting them a controlling stake of approximately 50.4%. The company will also explore asset divestiture for its SCN9A program following unsatisfactory clinical trial results.
Exicure, Inc. (NASDAQ: XCUR) announced that CEO Matthias Schroff will present at the 2022 Chardan Genetic Medicines Conference on October 3-4, 2022. The presentation will be available on-demand starting October 3 at 4:00 PM EST for 120 days. Exicure will also conduct one-on-one investor meetings with registered attendees. The company focuses on developing nucleic acid therapies targeting RNA for neurological and hair loss disorders, supported by a skilled team and a dedicated research facility in Chicago.
Exicure, Inc. (Nasdaq: XCUR) reported its Q2 2022 financial results, revealing a revenue of $2.5 million, up from $0.1 million in Q2 2021. The increase was driven by non-cash revenue from collaborations with Ipsen and AbbVie. Despite a net loss of $7.5 million, reduced from $14.3 million a year earlier, the company faces substantial doubt regarding its ability to continue operations without additional financing. The cash position decreased to $23.4 million from $48.3 million at the end of 2021, necessitating further funding to support its SCN9A preclinical program and other initiatives.