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Agios Pharmaceuticals, Inc. - AGIO STOCK NEWS

Welcome to our dedicated page for Agios Pharmaceuticals news (Ticker: AGIO), a resource for investors and traders seeking the latest updates and insights on Agios Pharmaceuticals stock.

Agios Pharmaceuticals, Inc. (AGIO) is a biopharmaceutical company at the forefront of pioneering therapies for rare diseases, focusing on cellular metabolism and precision medicine. Based in Cambridge, Massachusetts, Agios is dedicated to discovering and developing breakthrough medications that target cancer, rare genetic metabolic disorders, and metabolic immuno-oncology. The company's core mission is to create transformative small-molecule medicines with a precision approach, enabling genetically or biomarker-defined patient populations to benefit from early proof-of-concept in clinical development.

Agios boasts a robust clinical pipeline, with significant advancements in its leading PK activator, mitapivat. Recent achievements include the Phase 3 ENERGIZE and ENERGIZE-T studies of mitapivat in thalassemia, demonstrating statistically significant results in reducing transfusion burdens in transfusion-dependent patients. The company is preparing for FDA submissions based on these promising outcomes, aiming to deliver the first oral treatment option for thalassemia patients.

Financially, Agios reported a net revenue of $8.2 million for the first quarter of 2024 from PYRUKYND® (mitapivat) sales, reflecting a 15% increase over the previous quarter. The company's strong cash position, with $714.3 million in cash, cash equivalents, and marketable securities as of March 31, 2024, ensures support for ongoing programs and potential pipeline expansion into 2026. Agios also anticipates a significant financial milestone with potential FDA approval of vorasidenib, expected to bring in $1.1 billion from upfront and milestone payments.

Agios' commitment to diversity and inclusion extends beyond its internal team to its clinical trials, aiming to build trust and support among diverse patient communities. The company’s strategic partnerships and collaborations further reinforce its mission to innovate and deliver life-changing therapies.

To stay updated on the latest developments and financial news about Agios Pharmaceuticals, visit their official website.

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Agios Pharmaceuticals (NASDAQ: AGIO) has received FDA approval for PYRUKYND®, the first therapy for hemolytic anemia in adults with pyruvate kinase deficiency. The commercial launch is underway, generating approximately $0.8 million in net revenue in Q1 2022. The company has a cash position of $1.2 billion, enabling continued operations and R&D activities. Notable milestones for 2022 include additional clinical studies in thalassemia and sickle cell disease, as well as pediatric trials for PK deficiency. The net loss from continuing operations was $94.8 million in Q1 2022.

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Agios Pharmaceuticals (NASDAQ: AGIO) will host a conference call on May 5, 2022, at 8:00 a.m. ET to discuss its Q1 2022 financial results and business highlights. Investors can access the live webcast on Agios's website, with a replay available two hours post-event. The company focuses on genetically defined diseases and has developed a first-in-class pyruvate kinase activator for PK deficiency. Agios is advancing a clinical pipeline targeting alpha- and beta-thalassemia, sickle cell disease, and more.

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Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) announced data from the pivotal Phase 3 ACTIVATE study of PYRUKYND® (mitapivat) for adults with pyruvate kinase deficiency, published in the New England Journal of Medicine. The study revealed that 40% of patients treated with PYRUKYND® experienced significant hemoglobin increases, far surpassing placebo results. PYRUKYND® became the first FDA-approved disease-modifying treatment for this condition in February 2022. The results point to improved quality of life and reduced anemia symptoms for patients.

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Agios Pharmaceuticals (NASDAQ: AGIO) has announced its participation in major investor conferences scheduled for March 2022, specifically the Cowen 42nd Annual Virtual Healthcare Conference on March 7, 2022, and the Oppenheimer 32nd Annual Virtual Healthcare Conference on March 16, 2022. The live presentations will be accessible via the company’s website, and replays will be available for two weeks after each event. Agios specializes in therapies for genetically defined diseases, including a first-in-class treatment for PK deficiency.

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Agios Pharmaceuticals has received FDA approval for PYRUKYND® (mitapivat) as the first treatment for hemolytic anemia in adults with PK deficiency. This marks a significant advancement in Agios' genetically defined disease portfolio. The company reported a net loss of $98.6 million for Q4 2021, increasing from $84.5 million in Q4 2020. As of Dec. 31, 2021, Agios holds $1.3 billion in cash and equivalents, ensuring strong financial stability to support ongoing clinical trials, including pivotal studies for thalassemia and sickle cell disease.

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Agios Pharmaceuticals has received FDA approval for PYRUKYND® (mitapivat) to treat hemolytic anemia in adults with pyruvate kinase (PK) deficiency, marking it as the first disease-modifying therapy for this rare condition. The approval is based on the successful ACTIVATE and ACTIVATE-T Phase 3 studies. Agios plans to enhance patient access through programs offering $0 copays and free medications for eligible individuals. PYRUKYND® is expected to be available in the U.S. shortly. The European Medicines Agency is also reviewing the drug for potential approval by the end of 2022.

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Agios Pharmaceuticals (NASDAQ: AGIO) will host a conference call and live webcast on February 24, 2022, at 8:00 a.m. ET to discuss its Q4 and year-end 2021 financial results. The event highlights Agios's commitment to transparency and communication with its investors. Interested parties can access the live webcast via the company’s website under the 'Events & Presentations' section. Agios is known for its innovative therapies targeting genetically defined diseases, especially in cellular metabolism and hemolytic anemias.

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Agios Pharmaceuticals (AGIO) has outlined its key milestones for 2022, focusing on the anticipated FDA decision for mitapivat as a treatment for adults with PK deficiency due in February. The company plans five pivotal clinical trials across thalassemia, sickle cell disease, and pediatric PK deficiency. Agios aims to enhance its clinical portfolio, including the novel PK activator AG-946. With a strong cash position, Agios targets cash-flow positivity while expanding its research pipeline, expecting to achieve significant regulatory approvals by 2026.

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Agios Pharmaceuticals (NASDAQ: AGIO) will present at the virtual 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 7:30 a.m. ET. Interested parties can access the live webcast under the "Events & Presentations" section of their website. A replay will be available for at least two weeks post-presentation. Agios focuses on developing novel medicines for genetically defined diseases, with a notable drug candidate, mitapivat, being evaluated for hemolytic anemias.

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Agios Pharmaceuticals (NASDAQ: AGIO) presented new data on mitapivat at the ASH Annual Meeting, highlighting its long-term effectiveness in treating adults with pyruvate kinase (PK) deficiency. According to the findings, patients maintained significant hemoglobin responses for up to 21.9 months, with 35% of those switching to mitapivat achieving similar outcomes. The drug demonstrated improvements in ineffective erythropoiesis and iron overload, while bone mineral density remained stable in most patients over 5.5 years. Mitapivat is under regulatory review in the U.S. and EU as a potential treatment for PK deficiency.

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FAQ

What is the current stock price of Agios Pharmaceuticals (AGIO)?

The current stock price of Agios Pharmaceuticals (AGIO) is $35.42 as of December 20, 2024.

What is the market cap of Agios Pharmaceuticals (AGIO)?

The market cap of Agios Pharmaceuticals (AGIO) is approximately 2.0B.

What does Agios Pharmaceuticals specialize in?

Agios Pharmaceuticals focuses on developing transformative small-molecule medicines for cancer, rare genetic metabolic disorders, and metabolic immuno-oncology.

What are some recent achievements of Agios Pharmaceuticals?

Agios has recently reported significant results from the Phase 3 ENERGIZE and ENERGIZE-T studies of mitapivat in thalassemia, showing a reduction in transfusion burdens for patients.

What is the financial status of Agios Pharmaceuticals?

As of March 31, 2024, Agios reported $8.2 million in net revenue from PYRUKYND® sales for the first quarter, with a strong cash position of $714.3 million.

What is mitapivat?

Mitapivat is a pyruvate kinase (PK) activator developed by Agios to treat hemolytic anemia in patients with pyruvate kinase deficiency and is under study for thalassemia and sickle cell disease.

What is the significance of the ENERGIZE-T study results?

The ENERGIZE-T study demonstrated that mitapivat significantly reduced transfusion burdens for patients with transfusion-dependent thalassemia, achieving all primary and key secondary endpoints.

How does Agios support diversity in clinical trials?

Agios prioritizes diversity by designing inclusive clinical trial protocols, building trust within diverse patient communities, and supporting trial awareness to ensure diverse participation.

What are some key upcoming milestones for Agios in 2024?

Agios plans to report topline data from the Phase 3 ENERGIZE-T study, complete enrollment in the RISE UP study for sickle cell disease, and file for regulatory approval of mitapivat in thalassemia by the end of 2024.

What strategic partnerships does Agios have?

Agios has strategic collaborations, including an agreement with Royalty Pharma for rights to its vorasidenib royalties, adding significant financial flexibility for the company's future endeavors.

What is Agios' approach to ESG?

Agios publishes an annual ESG report highlighting its commitments and actions in diversity, equity, inclusion, and strong corporate governance, aligning with global standards and goals.

How can I stay updated on Agios Pharmaceuticals?

For the latest news and updates, visit Agios Pharmaceuticals' official website at www.agios.com.

Agios Pharmaceuticals, Inc.

Nasdaq:AGIO

AGIO Rankings

AGIO Stock Data

2.03B
55.12M
1.51%
107.78%
7.98%
Biotechnology
Pharmaceutical Preparations
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United States of America
CAMBRIDGE