STOCK TITAN

Affimed N.V. - AFMD STOCK NEWS

Welcome to our dedicated page for Affimed N.V. news (Ticker: AFMD), a resource for investors and traders seeking the latest updates and insights on Affimed N.V. stock.

Affimed N.V. (Nasdaq: AFMD) is a clinical-stage biopharmaceutical company headquartered in Mannheim, Germany, with additional offices in New York, NY. Affimed is dedicated to leveraging the power of the innate immune system to develop innovative immuno-oncology therapies primarily aimed at treating various cancers. The company is at the forefront of developing its proprietary innate cell engagers (ICE®), which are designed to target and eliminate both hematologic and solid tumors.

At the core of Affimed's innovation is their ROCK® platform, a state-of-the-art technology that generates customized ICE® molecules. These molecules harness the natural power of immune cells, such as natural killer (NK) cells and T-cells, to target and destroy cancer cells. Affimed's lead products include AFM13 (acimtamig), AFM24, and AFM28, which are currently undergoing various stages of clinical trials.

AFM13, the company's flagship innate cell engager, shows promise in treating CD30-positive hematologic tumors. It has demonstrated significant clinical efficacy in heavily pretreated patients with refractory Hodgkin lymphoma, achieving high objective response rates (ORR) and complete response (CR) rates. AFM13 is being investigated in combination with NK cells in the LuminICE-203 study, with initial data expected in the first half of 2024.

AFM24 is another key candidate, targeting EGFR-expressing solid tumors. It is currently being tested in combination with atezolizumab, a checkpoint inhibitor, in the AFM24-102 Phase 1/2a study. Recent data showed a disease control rate of 73.3% in heavily pretreated patients with EGFR wild-type non-small cell lung cancer (NSCLC), including significant objective responses. The FDA has granted Fast Track designation for this combination therapy, highlighting its potential to meet unmet medical needs.

AFM28 targets CD123-positive acute myeloid leukemia (AML). Preclinical studies have shown that AFM28 can effectively reduce tumor growth and eliminate leukemic blasts and stem cells. The drug is currently in early clinical development, with future plans to test it in combination with allogeneic off-the-shelf NK cells.

Affimed is also committed to strategic collaborations and partnerships to advance its clinical programs. Notable collaborations include those with Artiva Biotherapeutics, The University of Texas MD Anderson Cancer Center, and Roche. These partnerships are aimed at enhancing the efficacy and safety profiles of Affimed's therapies and bringing innovative treatments to patients more quickly.

Despite facing challenges such as restructuring and a reduction in workforce, Affimed remains focused on advancing its clinical pipeline. The company's strong leadership team, extensive experience in biotechnology and pharmaceuticals, and a clear mission to revolutionize cancer treatment underscore its commitment to giving patients back their innate ability to fight cancer.

For more information about Affimed's people, pipeline, and ongoing projects, please visit www.affimed.com.

Rhea-AI Summary

Affimed has received FDA Fast Track designation for its combination therapy of AFM24 with atezolizumab for advanced and metastatic EGFR wild-type non-small cell lung cancer (NSCLC). This designation is based on initial efficacy data from the ongoing AFM24-102 phase 1/2a study, which evaluates this combination in patients who have progressed after PD-(L)1 therapy and platinum-based chemotherapy. Fast Track status is intended to expedite the development of drugs that address serious conditions with unmet medical needs. Affimed will present updated data from the AFM24-102 study at the American Society of Clinical Oncology meeting on June 1, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
-
Rhea-AI Summary

Affimed, a clinical-stage immuno-oncology company, announced its 2024 Annual General Meeting of Shareholders. The meeting will take place on June 26, 2024, at 09:00 a.m. CET at De Brauw Blackstone Westbroek N.V. in Amsterdam, Netherlands. Key documents, including the notice and agenda of the Annual Meeting, can be found on Affimed's investor section on its website and the SEC's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
none
-
Rhea-AI Summary

Affimed has announced promising early results from its AFM24-102 study involving 15 evaluable patients with metastatic EGFR wild-type non-small cell lung cancer (NSCLC). These patients, pretreated with platinum doublet chemotherapy and checkpoint inhibitors, received a combination of AFM24 and atezolizumab, resulting in a disease control rate (DCR) of 73.3%. This included one complete response and three partial responses, with a median progression-free survival of 5.9 months. The study's data cut-off was March 18, 2024. These findings will be presented at the ASCO annual meeting on June 1, 2024. Affimed will also host a conference call/webcast the same day to discuss these results and other clinical data.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.04%
Tags
none
Rhea-AI Summary

Affimed has announced the acceptance of an abstract showcasing preclinical data on its innate cell engager, AFM28, at the European Hematology Association (EHA) 2024 Congress. AFM28 targets CD123-positive cancer cells in acute myeloid leukemia (AML). Preclinical results demonstrated dose-dependent tumor growth control in a mouse model, leading to increased median lifespan compared to controls. Additionally, in an ex vivo bone marrow model, AFM28 combined with allogeneic NK cells effectively reduced CD123-expressing AML blasts and stem cells. This research, conducted in collaboration with Dr. Hind Medyouf's group, suggests that AFM28 could potentially eradicate residual disease in AML patients safely and effectively.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
-
Rhea-AI Summary
Affimed N.V. (Nasdaq: AFMD) announces the acceptance of the AFM24 clinical abstract at the 2024 ASCO Annual Meeting. The phase 2 study on AFM24 in combination with atezolizumab in patients with EGFR wild-type non-small cell lung cancer has been accepted for poster presentation. The abstract will be available on ASCO's website on May 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.79%
Tags
none
-
Rhea-AI Summary
Affimed N.V. (AFMD) reports positive results from clinical trials for AFM24 and acimtamig, with plans for further data updates in Q2 2024. The company has completed restructuring, focusing on advancing its three clinical programs. Cash runway is secured until H2 2025. Financially, the company saw a decrease in revenue and an increase in net loss for the year ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
Rhea-AI Summary
Affimed N.V. (AFMD) to release full year 2023 results and corporate update on March 28, 2024. Conference call scheduled for investors to discuss the latest developments in the clinical-stage immuno-oncology company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
Tags
conferences earnings
-
Rhea-AI Summary
Affimed N.V. announces a 1-for-10 reverse stock split of its outstanding common shares to maintain NASDAQ listing compliance. Shareholders will receive cash payments in lieu of fractional shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.8%
Tags
-
Rhea-AI Summary
Affimed N.V. (AFMD) provides update on AFM24-102 Phase 1/2a study for EGFR-wildtype (wt) non-small cell lung cancer (NSCLC), showing promising responses in heavily pre-treated patients. The study will be expanded to 40 patients, with data from both EGFRwt and EGFRmut cohorts expected in H1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
none
Rhea-AI Summary
Affimed N.V. (AFMD) announced that Dr. Adi Hoess is stepping down as CEO and Management Board Member, with Dr. Andreas Harstrick appointed as Interim CEO. The company is undergoing a strategic restructuring, reducing headcount by up to 50% and extending cash runway into H2 2025. Affimed will focus on advancing clinical programs and confirms guidance on data readouts for AFM24-102 and LuminICE-203 in H1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.31%
Tags
management

FAQ

What is the current stock price of Affimed N.V. (AFMD)?

The current stock price of Affimed N.V. (AFMD) is $2.62 as of November 22, 2024.

What is the market cap of Affimed N.V. (AFMD)?

The market cap of Affimed N.V. (AFMD) is approximately 44.9M.

What does Affimed N.V. specialize in?

Affimed N.V. specializes in developing immuno-oncology therapies that harness the innate immune system to fight cancer.

What is the ROCK® platform?

The ROCK® platform is Affimed's proprietary technology that generates customized innate cell engagers (ICE®) to target and kill cancer cells.

What are Affimed's key clinical candidates?

Affimed's key clinical candidates include AFM13 (acimtamig), AFM24, and AFM28, targeting various hematologic and solid tumors.

What is AFM13 used for?

AFM13 targets CD30-positive hematologic tumors and is showing promising results in treating refractory Hodgkin lymphoma.

What is the significance of AFM24's Fast Track designation?

The Fast Track designation by the FDA for AFM24 in combination with atezolizumab expedites its development and review process to address unmet medical needs in NSCLC patients.

How does AFM28 work?

AFM28 targets CD123-positive AML cells, engaging NK cells to initiate tumor cell killing through antibody-dependent cellular cytotoxicity.

What collaborations does Affimed have?

Affimed collaborates with entities like Artiva Biotherapeutics, The University of Texas MD Anderson Cancer Center, and Roche to enhance the efficacy and development of its therapies.

Where is Affimed N.V. headquartered?

Affimed N.V. is headquartered in Mannheim, Germany, with additional offices in New York, NY.

What are the recent achievements of Affimed?

Recent achievements include positive clinical data from AFM24 and AFM13 studies, FDA Fast Track designation for AFM24, and strategic partnerships to advance its clinical programs.

What is the company's mission?

Affimed's mission is to give patients back their innate ability to fight cancer by actualizing the untapped potential of the innate immune system.

Affimed N.V.

Nasdaq:AFMD

AFMD Rankings

AFMD Stock Data

44.92M
14.77M
6.01%
36.99%
6.27%
Biotechnology
Healthcare
Link
United States of America
Mannheim