Welcome to our dedicated page for Affimed news (Ticker: AFMD), a resource for investors and traders seeking the latest updates and insights on Affimed stock.
Overview of Affimed N.V.
Affimed N.V. (Nasdaq: AFMD) is a clinical-stage biopharmaceutical company that focuses on the discovery and development of targeted immuno-oncology therapies. With a rigorous scientific approach, the company leverages its proprietary ROCK® platform to generate innovative, tetravalent, bispecific antibodies known as tandAbs®. These agents are designed to engage key immune cells, such as natural killer (NK) cells and T-cells, and direct them toward tumor cells, thereby triggering a robust immunologic response against both hematologic and solid tumors. Early-stage clinical candidates are advancing through various phases with a clear emphasis on efficacy and manageable safety profiles.
Core Technology and Mechanism
The foundation of Affimed's approach lies in its capability to harness the body's innate immune defense mechanisms. By developing bispecific molecules that target both immune effector cells and cancer cells, Affimed creates a 'bridge' that facilitates a potent antibody-dependent cellular cytotoxicity response. The unique tetravalent architecture means that these tandAbs® possess four binding domains, enabling high affinity interactions with both the immune and tumor cell surfaces. This design not only assures precise targeting but also allows for the dosing flexibility required in clinical applications, as these agents can be administered via standard intravenous infusions.
Product Pipeline and Innovations
Affimed's pipeline includes multiple candidates developed to address a range of challenging cancer indications. The company is actively involved in the preclinical and clinical development of several innovative product candidates, such as those targeting antigens on both blood cancers and solid tumors. For instance, candidates like its CD123- and CD16A-binding molecules are designed with a dual mechanism that recruits NK cells to eliminate malignant cells effectively. The integration of these molecules into combinatorial therapies further exemplifies the company's pursuit of expanded clinical applicability.
Revenue Model and Market Significance
In addition to its clinical development efforts, Affimed generates revenue from delivering research and development services. These services are based on both group-owned and third-party intellectual property, highlighting a diversified approach that complements its core therapeutic innovations. The company's operational reach extends across strategic markets, notably in the United States and Europe, ensuring a broad impact within the dynamic biopharmaceutical environment.
Competitive Landscape and Differentiation
Affimed stands out in the competitive immuno-oncology space by virtue of its distinctive methodology and proprietary technology. Unlike traditional antibody therapies, its focus on engaging innate immune cells through a sophisticated bispecific mechanism establishes a strong competitive differentiation. This nuanced approach, combined with active collaborations and a commitment to rigorous clinical evaluation, reinforces its position as a significant player in advancing cancer immunotherapies. The company's strategic emphasis on both monotherapy and combination therapy regimens addresses unmet patient needs without oversimplifying the underlying science.
Scientific Rigor and Industry Expertise
Throughout its operations, Affimed demonstrates deep scientific and clinical expertise. The careful engineering of its molecules, alongside a clear understanding of antibody kinetics and immune cell activation, underscores its commitment to delivering precision-based oncology treatments. The company’s ongoing trials, regulatory milestones, and adaptive clinical strategies further illustrate its role not just as a developer of targeted therapies, but as an innovator in the broader biopharmaceutical industry.
Summary
- Clinical-Stage Focus: Engaged in advanced clinical development of targeted immuno-oncology therapies.
- Innovative Technology: Utilizes a proprietary ROCK® platform to develop four-binding-domain bispecific antibodies.
- Dual Mechanism: Designed to recruit and activate innate immune cells for effective tumor cell killing.
- Revenue Streams: Generates income through R&D services leveraging both proprietary and third-party intellectual property.
- Global Presence: Operates in key markets including the United States and Europe.
- Scientific Expertise: Combines robust clinical trials with advanced biotechnological innovation, ensuring an in-depth approach to cancer immunotherapy.
This comprehensive profile of Affimed N.V. outlines the company's mission to transform cancer treatment by activating the body's innate defenses. It reflects a deep understanding of the industry, advanced scientific methodologies, and a differentiated business model that positions the company as an influential contributor to the evolving landscape of cancer immunotherapy.
Artiva Biotherapeutics and Affimed N.V. have entered an exclusive collaboration to explore the feasibility and activity of allogeneic NK cell combination therapies targeting EGFR and other targets. The R&D partnership will focus on preclinical assessments of Artiva's NK cell product AB-101 combined with Affimed’s ICE® molecules. This combination aims for efficient anti-tumor activity without viral transduction. The collaboration includes shared manufacturing costs and may lead to further development of selected therapeutics, marking a strategic advancement in immuno-oncology.
Affimed N.V. (NASDAQ: AFMD) announced that two abstracts for its lead innate cell engager, AFM13, have been accepted for presentation at the virtual 62nd ASH Annual Meeting, December 5-8, 2020. AFM13 is a first-in-class bispecific antibody targeting CD30 and engaging NK cells to fight cancer. The first poster details a Phase Ib/IIa study in CD30-positive lymphoma, showing a 40% Objective Response Rate (ORR) post-brentuximab vedotin failure. The second highlights a Phase II trial in Hodgkin Lymphoma with a 16.6% ORR, though it was terminated early due to recruitment issues.
Heidelberg, Germany, November 4, 2020 – Affimed N.V. (Nasdaq: AFMD) announces management participation in key investor conferences this November. The Jefferies Virtual London Healthcare Conference is scheduled for November 17-19, with a presentation on November 17 at 12:20 p.m. GMT. Additionally, Affimed will host meetings during the SVB Leerink Oncology 1x1 Day on November 19. A live webcast of the Jefferies presentation will be available on Affimed's website, followed by a 30-day replay. For more information, contact Affimed's investor relations.
Heidelberg, Germany, November 3, 2020 – Affimed N.V. (Nasdaq: AFMD) announced it will unveil third quarter 2020 results on November 10, 2020, at 8:30 a.m. ET. A conference call will follow to discuss financial outcomes and corporate updates. The call is accessible via phone and webcast, with U.S. callers dialing +1-646-741-3167, and international callers using +44 (0) 2071 928338. Interested parties can also access the live audio webcast through the company’s website, where a replay will be available for 30 days post-call.
Affimed N.V. (NASDAQ: AFMD) and NKMax America Inc. have entered a clinical collaboration to explore the combination of Affimed's innate cell engager AFM24 with NKMax's autologous NK cell product SNK01. This partnership aims to conduct a first-in-human proof-of-concept trial for patients with EGFR-expressing tumors. Preclinical data indicates a synergistic effect between the two companies' therapies. The trial will evaluate the combined efficacy of these products, potentially enhancing treatment options for patients with high mortality rates from solid tumors.
Heidelberg, Germany, October 14, 2020 – Affimed N.V. (Nasdaq: AFMD) announced the presentation of preclinical data at the upcoming SITC Annual Meeting from its collaboration with MD Anderson Cancer Center and Washington University. The oral presentation is titled AFM13-targeted blood and cord-blood-derived memory-like NK cells as therapy for CD30+ malignancies and will occur on November 11, 2020. AFM13, a bispecific innate cell engager, targets CD30-positive tumor cells and is actively being tested in a registration-directed trial for relapsed/refractory peripheral T-cell lymphoma.
Affimed N.V. (Nasdaq: AFMD) announced the first dosing of a patient in a groundbreaking clinical study that combines cord blood-derived natural killer (cbNK) cells with AFM13. This innovative trial focuses on patients with recurrent or refractory CD30-positive lymphomas. The study aims to evaluate both the safety and efficacy of this first-in-class treatment, utilizing preloaded NK cells to enhance the immune response against tumors. The trial expects to enroll about 30 patients at MD Anderson Cancer Center, marking a significant step in immuno-oncology.
AbCheck announced a grant from the Ministry of Industry and Trade of the Czech Republic, valued at up to €1.44 million over the next 3 years. This funding supports the development of a microfluidic system for discovering rare therapeutic antibodies. The innovative technology allows screening millions of droplets containing antibody-expressing cells daily, enhancing the discovery of functional antibodies critical for cancer treatments. The grant will expedite the creation of specialized bioassays, reinforcing AbCheck's commitment to advanced antibody discovery.
Heidelberg, Germany, September 29, 2020 – Affimed N.V. (Nasdaq: AFMD) announced its presentation at the Jefferies Virtual Cell Therapy Conference on October 6 at 8:00 a.m. Eastern Time. The event's live webcast will be accessible via the “Investors” section on Affimed’s website and will remain available for 30 days post-event. Affimed focuses on innovative immuno-oncology treatments, leveraging its ROCK® platform for tailored therapies aimed at hematologic and solid tumors. The company is currently advancing studies on AFM13 and AFM24.
Heidelberg, Germany, September 2, 2020 – Affimed N.V. (Nasdaq: AFMD) announced its participation in several investor conferences throughout September 2020. These include:
- Wells Fargo Virtual Healthcare Conference on September 9, 2020, featuring a fireside chat at 8:00 a.m. ET.
- Citi’s 15th Annual BioPharma Virtual Conference on September 10, 2020.
- Cantor Fitzgerald Virtual Global Healthcare Conference on September 17, 2020, at 12:40 p.m. ET.
- Oppenheimer Fall Healthcare Life Sciences Summit on September 21, 2020, at 3:20 p.m. ET.
FAQ
What is the current stock price of Affimed (AFMD)?
What is the market cap of Affimed (AFMD)?
What is the primary focus of Affimed N.V.?
How does Affimed's technology work?
What products or therapies are in Affimed's pipeline?
How does Affimed generate revenue?
What distinguishes Affimed from its competitors?
In which markets does Affimed operate?
What are the advantages of the company’s tetravalent antibody architecture?
How does Affimed contribute to advancing immuno-oncology?
