Welcome to our dedicated page for Aclaris Therapeutics news (Ticker: ACRS), a resource for investors and traders seeking the latest updates and insights on Aclaris Therapeutics stock.
Overview
Aclaris Therapeutics Inc (NASDAQ: ACRS) is a clinical-stage biopharmaceutical company that develops innovative therapies for immuno-inflammatory and dermatologic conditions. With a strong foundation rooted in dermatologist leadership and extensive expertise in drug development, Aclaris leverages its state‐of‐the‐art R&D engine to identify and address critical unmet needs in the market.
Business Model and Core Segments
Aclaris operates primarily through two reportable segments: therapeutics and contract research. The therapeutics segment focuses on discovering, developing, and commercializing novel drug candidates aimed at treating diseases where current therapies are inadequate. Meanwhile, the contract research segment provides laboratory services that utilize the company’s in‐house scientific and technical expertise, allowing for diversified revenue streams.
Research and Development Excellence
At the heart of Aclaris’ operations is a robust R&D platform that emphasizes protein kinase regulation, a critical factor in the signal transduction pathways of immune response and inflammation. The company’s pipeline includes a variety of innovative candidates such as oral enzyme inhibitors and novel antibody-based therapeutics. Its research spans both small molecule drugs and large molecule modalities, reflecting a balanced approach to tackling complex immunological challenges.
Strategic Collaborations and Market Position
Aclaris sets itself apart by forging strategic partnerships and licensing agreements that enhance its development capabilities. The company has collaborated with prominent industry players to secure rights for royalty payments and technical know-how, bolstering its financial flexibility and capacity for growth within competitive therapeutic markets. By capitalizing on partnerships, Aclaris not only accelerates its time-to-clinic for various drug candidates but also reinforces its market presence in areas with significant treatment gaps.
Expertise in Addressing Unmet Medical Needs
Recognizing areas where no FDA-approved therapies exist or where treatment options are limited, Aclaris directs its innovation to conditions such as autoimmune and chronic inflammatory diseases. The company’s scientific approach is informed by a deep understanding of immune cell modulation and cytokine signaling, making its drug candidates particularly promising for diseases that benefit from targeted immunomodulation and improved safety profiles.
Operational Excellence and Competitive Edge
Guided by clinical expertise and a history of dermatologist-led innovation, Aclaris maintains an operational model that emphasizes strict adherence to clinical research standards and a scientifically rigorous validation process. This commitment cultivates trust and reliability in the biopharmaceutical industry. Its comprehensive pipeline and dual-segment model enable the company to navigate market challenges with a diversified strategy, ensuring that it remains a key player in both advanced drug development and supporting scientific services.
Conclusion
By maintaining a balanced and transparent approach to research, development, and strategic collaboration, Aclaris Therapeutics exemplifies a forward-thinking model in the biopharmaceutical landscape. Its focus on immuno-inflammatory conditions and dermatologic therapies, supported by strong clinical and research credentials, positions the company as an informative case study in innovative drug development and operational excellence.
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) announced participation in two upcoming investor conferences. Dr. Neal Walker, President and CEO, will engage in a virtual fireside chat at the Jefferies London Healthcare Conference on November 18, 2021, at 3:00 a.m. ET. Additionally, he will participate in the Piper Sandler 33rd Annual Virtual Healthcare Conference on November 22, 2021, at 10:00 a.m. ET. Virtual one-on-one meetings will also be available. Live webcasts can be accessed via Aclaris’ website, and recordings will be archived for 30 days.
Aclaris Therapeutics (NASDAQ: ACRS) reported a net loss of $21.1 million for Q3 2021, compared to $10.7 million in Q3 2020, with total revenue of $1.7 million, up from $1.4 million year-over-year. R&D expenses surged to $14.0 million, influenced by efforts to advance zunsemetinib, an investigational drug for rheumatoid arthritis. The company holds $243.6 million in cash and equivalents, projected to sustain operations through 2024. Additionally, an investigational new drug application for ATI-2138 was submitted, marking potential expansion in immuno-inflammatory treatments.
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) announced a Settlement Hearing set for November 30, 2021, regarding the Consolidated Derivative Action in the U.S. District Court for the Southern District of New York. Judge Lewis J. Liman granted preliminary approval for the settlement on August 18, 2021, which includes corporate governance reforms and attorneys' fees paid by Aclaris' insurer. Stockholders can object to the Proposed Settlement until November 16, 2021. Final approval from the Court is not assured.
Aclaris Therapeutics, a clinical-stage biopharmaceutical company listed on NASDAQ under the symbol ACRS, announced their participation in two upcoming investor conferences. Dr. Neal Walker, President and CEO, will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021, and at the 2021 Cantor Virtual Global Healthcare Conference on September 27, 2021. Both events will include opportunities for virtual one-on-one meetings. Webcasts of the presentations will be available on the Aclaris website for 30 days.
Aclaris Therapeutics (ACRS) reported a net loss of $18.2 million for Q2 2021, an increase from $11.6 million in Q2 2020. Total revenue reached $1.8 million, slightly down from $2.0 million a year earlier. R&D expenses rose to $7.9 million, driven by development of ATI-450 and ATI-2138. The company successfully secured $134.9 million in net proceeds from a public offering in June, allowing them to extend their cash runway through late 2024. Preliminary positive topline data for the Phase 2a trial of ATI-1777 in atopic dermatitis was also announced.
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) announced that Dr. Neal Walker, President and CEO, will participate in a virtual panel at the William Blair Biotech Focus Conference on July 15, 2021, at 11:00 a.m. ET. The panel discussion will focus on 'Novel Targets for Autoimmune Diseases.' Management will also be available for virtual one-on-one meetings throughout the day. A live webcast can be accessed on Aclaris' website and will be archived for 30 days.
Aclaris is dedicated to developing innovative drug candidates for immuno-inflammatory diseases.
Aclaris Therapeutics, Inc. (Nasdaq: ACRS) announced a public offering of 7,042,254 shares at $17.75 each, with expected gross proceeds of approximately $125 million. The underwriters have a 30-day option to purchase an additional 1,056,338 shares at the public offering price. The offering is set to close around June 14, 2021, pending customary conditions. Jefferies LLC, SVB Leerink LLC, and Piper Sandler & Co. serve as joint book-running managers. A registration statement was filed with the SEC, and details can be found in the prospectus available on the SEC's website.
Aclaris Therapeutics, Inc. (Nasdaq: ACRS) announced plans for a public offering of $75 million in common stock, subject to market conditions. The company will offer up to an additional 15% of shares through a 30-day underwriter option. Jefferies LLC, SVB Leerink LLC, and Piper Sandler & Co. are leading the offering, with a registration statement already filed and effective as of May 20, 2021. The offering aims to generate funds for Aclaris' drug development pipeline targeting immuno-inflammatory diseases. However, there's no assurance of completion or specifics regarding the offering.
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) announced positive preliminary results from its Phase 2a trial of ATI-1777, a topical JAK inhibitor for moderate to severe atopic dermatitis. The trial showed a statistically significant reduction in the modified Eczema Area and Severity Index (mEASI) score by 74.4% in the ATI-1777 group compared to 41.4% in the control. The drug was generally well tolerated with no serious adverse events. Aclaris plans to advance ATI-1777 to Phase 2b development following these findings. Management will discuss the results in a conference call today at 8 AM ET.
Aclaris Therapeutics, Inc. (NASDAQ: ACRS) announced that Dr. Neal Walker, President and CEO, will present at the Jefferies Virtual Healthcare Conference on June 1, 2021, at 1:00 p.m. ET. This presentation will provide an overview of the company's efforts in developing innovative drug candidates for immuno-inflammatory diseases. Aclaris' management will also be available for virtual one-on-one meetings throughout June 1st. The presentation can be viewed live on Aclaris' website, and the archive will be accessible for 30 days.
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