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Affimed - AFMD STOCK NEWS

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.

Rhea-AI Summary
Affimed N.V. (Nasdaq: AFMD) to review clinical data of acimtamig in combination with cord-blood derived NK cells and provide progress update on the LuminICE-203 and AFM24-102 trials at ASH 2023. Conference call/webcast on December 11, 2023, to discuss the clinical data.
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Affimed N.V. (Nasdaq: AFMD) reported financial results and clinical progress for Q3 2023. Initiatives include LuminICE-203 study, fast-track designation for acimtamig, FDA feedback, AFM13-104 presentation, AFM24 combination study, AFM28 progress, cash runway into 2025, and upcoming milestones.
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Affimed N.V. (Nasdaq: AFMD) announced that the World Health Organization has selected 'acimtamig' as the nonproprietary name for the Company’s investigational drug for CD30-positive Lymphomas, previously known as AFM13. Acimtamig (AFM13) is currently being evaluated in combination with AlloNK® in patients with relapsed or refractory Hodgkin Lymphoma in LuminICE-203, a phase 2 study. The therapy was granted fast track designation by the FDA, aiming to treat serious conditions and fill an unmet medical need.
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Affimed N.V. (Nasdaq: AFMD) will release its third quarter 2023 results and corporate update on November 14, 2023. The conference call will be at 8:30 a.m. EST / 14:30 CET and available via phone and webcast. A replay of the webcast will be accessible for 30 days following the call.
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Affimed N.V. presented a poster at the annual meeting of the Society for Immunotherapy of Cancer (SITC) showcasing the improved cytotoxicity of natural killer (NK) cells and CAR-NK cells with the addition of Affimed's innate cell engager (ICE®). The results from a collaboration with the Fraunhofer Institute for Cell Therapy and Immunology (IZI) indicate that NK cells redirected by ICE® exhibit comparable anti-tumor efficacy to CAR-NK cells. This combination offers a cost-effective and flexible manufacturing approach as no additional engineering of NK cells is required.
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Affimed N.V. announced the positive results of its combination treatment of AFM13 with allogeneic NK cells in patients with CD30-positive lymphoma. The treatment showed a 94.4% objective response rate and a 72.2% complete response rate. The patients were heavily pretreated and refractory to their most recent line of therapy. The treatment was well tolerated and no cases of cytokine release syndrome, immune effector cell-associated neurotoxicity syndrome, or graft versus host disease were reported. Updated clinical results will be presented in an oral presentation at the American Society of Hematology (ASH) 2023 Annual Meeting.
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Affimed N.V. will participate in two investor conferences in November 2023: Truist Securities BioPharma Symposium on November 8-9 in New York, NY, and Jefferies London Healthcare Conference on November 14-16 in London, UK. One-on-one meetings and a presentation will be held at these conferences.
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Affimed receives approval to transfer listing of shares from Nasdaq Global Market to Nasdaq Capital Market.
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Affimed N.V. announces acceptance of abstract for poster presentation at SITC conference comparing NK cell redirected by ICE® to CAR-NK cells.
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Affimed's CFO to participate in fireside chat at Cantor Global Healthcare Conference 2023
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FAQ

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

The current stock price of Affimed (AFMD) is $0.7099 as of April 1, 2025.

What is the market cap of Affimed (AFMD)?

The market cap of Affimed (AFMD) is approximately 11.6M.

What is the primary focus of Affimed N.V.?

Affimed is a clinical-stage biopharmaceutical company dedicated to developing targeted immuno-oncology therapies that harness the body's own immune system to combat cancer.

How does Affimed's technology work?

The company utilizes its proprietary ROCK® platform to create tetravalent, bispecific antibodies that engage immune cells, such as NK cells and T-cells, directing them to target and destroy tumor cells.

What products or therapies are in Affimed's pipeline?

Affimed's pipeline includes innovative product candidates developed for both hematologic and solid tumors. Their molecules are designed to engage innate immune cells, and several candidates are undergoing preclinical and clinical evaluations.

How does Affimed generate revenue?

Beyond developing its clinical-stage therapies, Affimed also provides research and development services to third parties, leveraging both group-owned and externally licensed intellectual property.

What distinguishes Affimed from its competitors?

Affimed's competitive edge lies in its unique bispecific antibody technology, particularly its innate cell engagers (ICE®), which offer a distinctive mechanism for activating the immune system to target cancer cells.

In which markets does Affimed operate?

The company has a significant presence in both the United States and Europe, enabling it to operate within major biopharmaceutical markets and address diverse clinical needs.

What are the advantages of the company’s tetravalent antibody architecture?

The tetravalent design provides four binding domains, which significantly enhances binding affinity and specificity, allowing for better engagement of immune cells, optimized dosing flexibility, and effective targeting of tumor cells.

How does Affimed contribute to advancing immuno-oncology?

Affimed integrates deep clinical expertise with cutting-edge biotechnology to develop therapies that not only trigger immune cell activation but also offer innovative treatment modalities by combining monotherapy and combination therapy approaches.
Affimed

Nasdaq:AFMD

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11.64M
15.48M
6.01%
23.83%
4.32%
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