Crescent Biopharma Inc Stock Price, News & Analysis

Catalyst Biosciences (NASDAQ: CBIO) will present a corporate overview at the 20th Annual Needham Virtual Healthcare Conference on April 15, 2021, at 3:00 PM ET. Interested parties can access a live webcast and an archived version available for 90 days. The company focuses on developing treatments for rare disorders, featuring their protease engineering platform, which includes MarzAA, a next-generation coagulation Factor VIIa for episodic bleeding. Additionally, they are collaborating with Biogen on a pre-clinical C3-degrader program for dry age-related macular degeneration.

Catalyst Biosciences (NASDAQ: CBIO) reported fourth quarter and full-year 2020 results on March 4, 2021. The company achieved Fast Track designation for MarzAA, a treatment for hemophilia. Catalyst raised approximately $49.3 million in net proceeds from a financing round, enhancing its total capital to over $130 million. The firm reported a net loss of $18.9 million for Q4 and $56.2 million for the full year. R&D expenses increased to $53 million annually, driven by personnel and research costs. Cash and investments stood at $81.9 million as of year-end 2020.

Catalyst Biosciences, Inc. (NASDAQ: CBIO) will participate in a fireside chat at the Raymond James 42^nd Annual Institutional Investors Conference on March 3, 2021, at 2:10 pm ET. Investors can access a live webcast of the event here. Catalyst focuses on rare disorders related to the complement and coagulation systems, with late-stage programs like MarzAA for bleeding disorders.

Catalyst Biosciences (NASDAQ:CBIO) announced the closing of an additional 485,000 shares at $5.75 each, netting approximately $2.8 million. The company aims to use these funds for general corporate needs, including research and development in hemophilia and complement programs, capital expenditures, and working capital.

Piper Sandler & Co. and Raymond James & Associates acted as bookrunners for the offering. This transaction follows an effective registration statement filed with the SEC in February 2019.

Catalyst Biosciences (NASDAQ: CBIO) announced positive pre-clinical findings for Marzeptacog alfa (activated) – MarzAA, at the EAHAD Congress on February 3, 2021. The next-gen engineered coagulation Factor VII demonstrated significant efficacy in controlling spontaneous bleeding in Hemophilia A rats and dogs. Most subjects required only a single subcutaneous dose for effective management. MarzAA is advancing to a Phase 3 trial for hemophilia patients. Catalyst aims to address unmet needs in bleeding disorders with its innovative therapies.

Catalyst Biosciences (NASDAQ:CBIO) has successfully closed an underwritten public offering of 8,700,000 shares at $5.75 each, raising approximately $50 million in gross proceeds. The funds will support general corporate purposes, including R&D in hemophilia and complement programs like MarzAA and CB 4332. The offering utilized an effective shelf registration with the SEC, showcasing Catalyst's ongoing commitment to address rare disorders. Piper Sandler & Co. served as the lead bookrunner for this offering.

Catalyst Biosciences, Inc. (NASDAQ:CBIO) announced a public offering of 8,700,000 shares at $5.75 each, with expected gross proceeds of $50 million. The offering includes a 30-day option for underwriters to purchase an additional 1,305,000 shares. Proceeds will support general corporate purposes, focusing on hemophilia and complement programs, including MarzAA and CB 4332. The offering is anticipated to close on January 29, 2021. Piper Sandler & Co. is the lead bookrunner.

Catalyst Biosciences (NASDAQ: CBIO) has announced an underwritten public offering of its common stock, with market conditions influencing the amount and terms. The company may grant underwriters a 30-day option to purchase an additional 15% of shares. Proceeds will support general corporate purposes, including research and development in hemophilia and complement programs, capital expenditures, and operational costs. The offering will use a previously filed effective registration statement. Piper Sandler & Co. and Raymond James & Associates are involved as bookrunners.

Catalyst Biosciences (NASDAQ: CBIO) announced two e-poster presentations at the EAHAD Virtual Congress occurring from February 3-5, 2021. The posters highlight the effectiveness of Marzeptacog Alfa (Activated) for treating spontaneous bleeding in both hemophilia A rats and dogs. Presenters include Tom Knudsen and Howard Levy, with accessible materials post-event on the Catalyst website.

Additionally, Catalyst is focused on developing solutions for rare coagulation disorders and has a partnership with Biogen for complement-related therapies.