STOCK TITAN

Alpine Immune Sciences, Inc. - ALPN STOCK NEWS

Welcome to our dedicated page for Alpine Immune Sciences news (Ticker: ALPN), a resource for investors and traders seeking the latest updates and insights on Alpine Immune Sciences stock.

Founded in 2015, Alpine Immune Sciences, Inc. (NASDAQ: ALPN) is a leading clinical-stage biotechnology company dedicated to developing innovative protein-based immunotherapies to treat autoimmune and inflammatory diseases. Alpine leverages its unique understanding of immunology, particularly recombinant protein-based immunotherapies, to modify the complexities of the immune synapse for the benefit of patients living with cancer, autoimmune disorders, and other diseases.

Alpine's standout product, povetacicept (ALPN-303), is a dual antagonist of the BAFF and APRIL cytokines. This product is currently in phase 2 development and has demonstrated potential best-in-class efficacy for treating IgA nephropathy (IgAN). IgAN is a serious, progressive kidney disease with no approved therapies that target its underlying cause. Povetacicept has exhibited promising results in reducing proteinuria, stabilizing renal function, and reducing key disease-related biomarkers.

Additionally, Alpine has a robust pipeline, including acazicolcept (ALPN-101), a first-in-class dual inhibitor targeting the CD28 and ICOS T-cell costimulatory pathways. This drug is being investigated for treating systemic lupus erythematosus (SLE) and other autoimmune diseases. Alpine's research and development capabilities are enhanced by strategic collaborations with leading global biopharmaceutical companies, propelling its efforts to create multifunctional immunotherapies that improve patients' lives.

The company has been highly productive in the past year, achieving significant milestones, such as the phase 2 study of acazicolcept in SLE, a pivotal phase 3 trial of povetacicept in IgAN planned for the second half of 2024, and successful financial activities supporting ongoing and future development projects.

Alpine Immune Sciences remains committed to innovation, with ongoing studies in various autoimmune diseases and strategic goals aligning with its mission to lead a new wave of immune therapeutics.

Rhea-AI Summary
Alpine Immune Sciences, Inc. (ALPN) will participate in two upcoming healthcare conferences, the Guggenheim 6th Annual Biotechnology Conference and the Oppenheimer 34th Annual Healthcare Life Sciences Conference. The Company will host investor meetings and fireside chats during the events, with live webcasts and replays available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
conferences
-
Rhea-AI Summary
Alpine Immune Sciences, Inc. (NASDAQ: ALPN) has announced the amendment of the 2020 option and license agreement with AbbVie for acazicolcept. Enrollment in the phase 2 study of acazicolcept in systemic lupus erythematosus will be stopped to allow for early assessment of data, with the final analysis expected by the end of 2024. AbbVie retains an exclusive option to obtain a worldwide license to acazicolcept with reduced milestone payments and royalties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
-
Rhea-AI Summary
Alpine Immune Sciences, Inc. (ALPN) to Present at 42nd Annual J.P. Morgan Healthcare Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.39%
Tags
conferences
Rhea-AI Summary
Alpine Immune Sciences, Inc. (NASDAQ: ALPN) to participate in Evercore ISI HealthconX Conference, November 28-30, 2023, including a fireside chat and investor meetings. Live webcast and replay available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.99%
Tags
conferences
-
Rhea-AI Summary
Alpine Immune Sciences, Inc. (NASDAQ: ALPN) presented new translational data for povetacicept (ALPN-303) in systemic lupus erythematosus (SLE) at the American College of Rheumatology Convergence 2023. The data indicates that potent inhibition of both BAFF and APRIL may be required to achieve optimal efficacy in treating SLE. Povetacicept showed promising results in reducing disease parameters in a mouse model of lupus, outperforming conventional treatments. The company plans to initiate a phase 2 clinical study for SLE in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.6%
Tags
none
-
Rhea-AI Summary
Alpine Immune Sciences, Inc. (NASDAQ: ALPN) reported first clinical data with povetacicept at the American Society of Nephrology Kidney Week, supporting best-in-class potential and broad pipeline opportunities. They also closed an oversubscribed $150 million equity offering to accelerate multiple development activities. Multiple catalysts with povetacicept targeted in 2024 include initiation of pivotal IgAN and phase 2 lupus clinical trials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.6%
Tags
Rhea-AI Summary
Alpine Immune Sciences, Inc. (NASDAQ: ALPN) presented new translational data for acazicolcept (ALPN-101) in systemic lupus erythematosus (SLE) at the American College of Rheumatology Convergence 2023. The data showcased the upregulation of Acazicolcept target-related genes in SLE patients and its potent suppression of genes associated with T cell activation. Acazicolcept also demonstrated a reduction in pathogenic hypergammaglobulinemia and glomerular IgG deposition in a mouse model of lupus, reinforcing its potential as a first-in-class molecule for SLE treatment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.4%
Tags
none
-
Rhea-AI Summary
Alpine Immune Sciences, Inc. (Nasdaq: ALPN) has announced the pricing of its underwritten public offering of 8,800,000 shares of common stock and pre-funded warrants to purchase up to 3,200,000 shares. The public offering price for the common stock is $12.50 per share, while the pre-funded warrants are priced at $12.499 per warrant. The expected gross proceeds from the offering are approximately $150.0 million. The underwriters have an option to purchase up to an additional 1,800,000 shares of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.9%
Tags
-
Rhea-AI Summary
Alpine Immune Sciences has announced a public offering of $150 million of its common stock, with the underwriters having the option to purchase additional shares. The offering is subject to market conditions and the final terms are yet to be determined.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.07%
Tags
Rhea-AI Summary
Alpine Immune Sciences presented new preclinical data on povetacicept in myasthenia gravis at the AANEM Annual Meeting. Povetacicept showed improved disease activity and reduced autoantibodies in murine experimental autoimmune myasthenia gravis. The RUBY-1 clinical trial demonstrated that povetacicept was well tolerated and exhibited dose-related effects. Alpine plans to explore other indications for povetacicept.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.17%
Tags

FAQ

What is the current stock price of Alpine Immune Sciences (ALPN)?

The current stock price of Alpine Immune Sciences (ALPN) is $64.97 as of May 17, 2024.

What is the market cap of Alpine Immune Sciences (ALPN)?

The market cap of Alpine Immune Sciences (ALPN) is approximately 4.5B.

What does Alpine Immune Sciences, Inc. specialize in?

Alpine Immune Sciences specializes in developing innovative protein-based immunotherapies for autoimmune and inflammatory diseases.

What is povetacicept (ALPN-303)?

Povetacicept (ALPN-303) is a dual antagonist of the BAFF and APRIL cytokines, showing potential best-in-class efficacy in treating IgA nephropathy (IgAN).

What are the core focus areas of Alpine Immune Sciences?

Alpine focuses on recombinant protein-based immunotherapies to treat cancer, autoimmune disorders, and other diseases.

What recent achievement has Alpine Immune Sciences accomplished?

Alpine recently presented promising phase 2 data for povetacicept in IgA nephropathy and planned a pivotal phase 3 trial for this drug in the second half of 2024.

What is acazicolcept (ALPN-101)?

Acazicolcept (ALPN-101) is a first-in-class dual inhibitor targeting the CD28 and ICOS T-cell costimulatory pathways, being developed for treating systemic lupus erythematosus (SLE) and other autoimmune diseases.

What collaborations has Alpine Immune Sciences engaged in?

Alpine has entered into strategic collaborations with leading global biopharmaceutical companies to enhance its research and development capabilities.

What is the ticker symbol for Alpine Immune Sciences?

Alpine Immune Sciences is traded on NASDAQ under the ticker symbol ALPN.

When was Alpine Immune Sciences founded?

Alpine Immune Sciences was founded in 2015.

What is the mission of Alpine Immune Sciences?

Alpine Immune Sciences aims to lead a new wave of immune therapeutics to improve patients' lives through unique protein engineering technologies.

Where can more information about Alpine Immune Sciences be found?

More information about Alpine Immune Sciences can be found on their website at www.alpineimmunesciences.com.

Alpine Immune Sciences, Inc.

Nasdaq:ALPN

ALPN Rankings

ALPN Stock Data

4.46B
68.60M
4.65%
99.47%
5.93%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
SEATTLE