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Carisma Therapeutics Inc - CARM STOCK NEWS

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

Overview of Carisma Therapeutics Inc.

Carisma Therapeutics Inc. (CARM) is a clinical‐stage biopharmaceutical company dedicated to transforming the landscape of immunotherapy by harnessing its proprietary cell engineering platform. The company specializes in developing innovative therapies using engineered macrophages and monocytes—key components of the innate and adaptive immune systems—to address significant unmet medical needs in oncology, fibrosis, and autoimmune diseases. Carisma's approach centers on modifying these myeloid cells into potent therapeutic agents, thereby offering a differentiated strategy for targeting conditions that are difficult to treat with conventional therapies.

Innovative Cell Therapy Platform

The cornerstone of Carisma’s business model is its proprietary CAR-M platform, a cutting-edge cell therapy technology that enables the ex vivo and in vivo engineering of macrophages and monocytes. This platform leverages detailed molecular insights and advanced genetic engineering techniques to create tailored cell therapies. By reprogramming these cells, Carisma aims to enhance their natural ability to migrate into diseased tissues, overcome immunosuppressive environments, and deliver concentrated anti-tumor or anti-fibrotic payloads where they are needed most. Keywords such as "cell therapy", "immunotherapy", and "CAR-M" are integral to understanding the company’s technological edge.

Clinical Programs and Pipeline

Carisma's robust clinical pipeline is built around multiple therapeutic areas. In the oncology segment, the company is exploring treatments for HER2-positive solid tumors using a two-pronged approach with both CAR-Macrophage and CAR-Monocyte therapies. Early clinical studies have demonstrated feasibility, tolerability, and biological activity in strongly preclinical and clinical settings, highlighting the potential of this novel therapeutic modality to address challenges such as tumor infiltration, immune suppression in the microenvironment, and antigen heterogeneity.

Beyond oncology, Carisma has expanded its focus to include fibrosis, particularly liver fibrosis, where innovative use of engineered macrophages offers a promising off-the-shelf treatment strategy. Preclinical data suggest that these engineered cells can effectively target fibrosis by modulating key pathways, such as enhancing efferocytosis, correcting stellate cell activation, and reducing chronic inflammation. Furthermore, the company is investigating the applicability of its platform in autoimmune diseases. Strategic collaborations and a diversification of targets underscore Carisma’s commitment to leveraging its technology across multiple disease areas.

Strategic Collaborations and Differentiation

Collaboration is a key element of Carisma’s strategy. Its partnership with renowned biopharmaceutical leaders such as Moderna exemplifies a synergy that combines Carisma’s expertise in macrophage engineering with advanced mRNA and lipid nanoparticle (LNP) technologies. This collaboration is focused on the development of in vivo CAR-M therapies, enabling the direct programming of patients’ endogenous cells into effective therapeutic agents. Such a strategy not only streamlines manufacturing processes but also enhances the ability to rapidly dose escalate, improve cell persistence, and achieve superior tumor infiltration.

Operational Focus and Pipeline Prioritization

Recognizing the need for operational efficiency in the highly competitive biopharmaceutical industry, Carisma has recently undertaken a strategic reprioritization of its pipeline. The company has redirected resources to focus on its most promising programs, including in vivo engineered therapies for oncology, fibrosis, and autoimmune indications. This disciplined approach allows for a more concentrated development effort on treatments that address significant unmet needs while optimizing cost efficiency and operational scalability.

Competitive Positioning and Market Impact

In the broader context of the biopharmaceutical and cell therapy industries, Carisma Therapeutics stands out due to its dedicated focus on leveraging myeloid cell engineering—one of the emerging frontiers in immunotherapy. Unlike traditional T-cell based therapies, Carisma’s platform targets macrophages and monocytes which inherently contribute to both the immune response and tissue homeostasis. This unique focus offers potential advantages in terms of manufacturing speed, dosing strategy, and overcoming limitations related to cellular persistence and tumor microenvironment challenges.

Scientific and Clinical Expertise

Carisma's operations are underpinned by a team of experienced scientists and clinical experts who bring profound insight into immunology, molecular biology, and clinical medicine. Their deep understanding of the interactions between engineered cells and the human immune system has allowed Carisma to design therapies that are not only innovative but also clinically relevant. This expertise forms the basis of the company’s robust research and development efforts, further solidifying its reputation in the field of cell therapy and immunotherapy.

Future-Ready, Evergreen Therapeutic Solutions

While the company maintains a clear focus on its current clinical programs and technological capabilities, its overarching mission is to provide durable, transformational treatments that will remain relevant over the long term. Carisma’s emphasis on developing off-the-shelf therapies using in vivo cell engineering is a forward-thinking approach designed to overcome common challenges associated with personalized cell therapies. By concentrating on scalable and efficient manufacturing, Carisma positions itself to address widespread healthcare challenges related to cancer, fibrosis, and autoimmune disorders.

Summary

In summary, Carisma Therapeutics Inc. is a biopharmaceutical innovator that is redefining the therapeutic landscape through its exclusive focus on engineering macrophages and monocytes. With a comprehensive pipeline that spans oncology, fibrosis, and autoimmune diseases, the company integrates advanced cell engineering techniques with strategic collaborations to deliver next-generation immunotherapies. Carisma’s commitment to scientific excellence, operational efficiency, and patient-centric innovation underscores its potential to provide meaningful solutions to conditions with high unmet needs, while establishing a trusted presence in the competitive arena of cell therapy.

  • Proprietary Technology: Advanced genetic engineering methods to reprogram myeloid cells.
  • Broad Clinical Potential: Applications across cancer, liver fibrosis, and autoimmune conditions.
  • Strategic Collaborations: Partnerships with industry leaders to accelerate in vivo therapy development.
  • Operational Discipline: Focused pipeline prioritization to concentrate on high-potential programs.
  • Scientific Rigor: A team of dedicated experts driving innovation in immunotherapy.

This detailed overview of Carisma Therapeutics Inc. provides a comprehensive look at its business model, technology, and clinical ambitions, enabling investors and industry analysts to understand the company’s multifaceted strategy and competitive positioning in the evolving arena of biopharmaceutical development.

Rhea-AI Summary

Carisma Therapeutics Inc. (Nasdaq: CARM), a clinical-stage biopharmaceutical company, has announced its upcoming poster presentations at the Society for Immunotherapy of Cancer (SITC) 2024 in Houston, Texas, from November 6-10. The company will present two posters:

1. Pre-clinical efficacy of a novel anti-GPC3 in vivo CAR-M for hepatocellular carcinoma (Publication Number: 329)

2. A Phase 1, First-in-Human study of autologous monocytes engineered to express an anti-HER2 chimeric antigen receptor (CAR) in participants with HER2 overexpressing solid tumors (Publication Number: 659)

Both presentations are scheduled for Friday, November 8, 2024, at the Exhibit Halls A B George R. Brown Convention Center. The posters will be available on Carisma's website in the 'Publications' section following the start of the poster session.

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Carisma Therapeutics Inc. (Nasdaq: CARM) has expanded its collaboration with Moderna, Inc. (Nasdaq: MRNA) to develop in vivo CAR-M therapies for autoimmune diseases. This expansion builds on their successful pre-clinical oncology data and includes the nomination of two autoimmune disease targets by Moderna. Carisma will receive research funding and is eligible for milestone and royalty payments.

The collaboration leverages Carisma's proprietary CAR-M technology and Moderna's mRNA/LNP platform. Carisma will handle discovery and optimization of development candidates, while Moderna will lead clinical development and commercialization. This partnership aims to revolutionize treatments for autoimmune conditions, expanding the potential of CAR-M technology beyond oncology.

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Carisma Therapeutics (Nasdaq: CARM), a clinical-stage biopharmaceutical company, has announced its participation in four upcoming healthcare conferences. Steven Kelly, President and CEO, will represent the company at these events:

1. Baird 2024 Global Healthcare Conference on September 10 at 12:50 PM ET in New York, NY
2. H.C. Wainwright 26th Annual Global Investment Conference on September 11 at 1:30 PM ET in New York, NY
3. Chardan's 8th Annual Genetic Medicines Conference on September 30 at 4:00 PM ET in New York, NY
4. The Cell & Gene Meeting on the Mesa on October 7 at 9:30 AM MST in Phoenix, AZ

Live webcasts of these presentations will be available on Carisma's Investor Events webpage, with replays archived for a time after each event.

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Carisma Therapeutics (Nasdaq: CARM) reported Q2 2024 financial results and business highlights. Key points include:

  • Initial data for CT-0525, their lead anti-HER2 product, expected by year-end 2024
  • Nomination of a liver fibrosis development candidate expected in Q1 2025
  • First in vivo CAR-M candidate targeting Glypican-3 for hepatocellular carcinoma nominated under Moderna collaboration
  • Cash position of $40.4 million, plus $2.0 million from Moderna, expected to fund operations into Q3 2025
  • Q2 2024 net loss of $11.2 million, compared to $19.9 million in Q2 2023
  • R&D expenses decreased to $15.3 million from $18.5 million year-over-year
  • G&A expenses slightly decreased to $5.6 million from $6.0 million year-over-year
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Carisma Therapeutics (Nasdaq: CARM) has announced an upcoming poster presentation at the American Association for the Study of Liver Diseases (AASLD) The Liver Meeting® 2024. The event will take place in San Diego, California, from November 15 to 19, 2024.

The presentation, titled 'Engineered Macrophages Expressing Fibrosis-Modifying Transgenes Ameliorate Liver Fibrosis in Preclinical Models', is scheduled for November 17, 2024, from 8:00 am to 5:00 pm. It falls under the session 'MASLD/MASH - Therapeutics: New Agents' and has been assigned the publication number 3214.

Carisma Therapeutics, a clinical-stage biopharmaceutical company, focuses on developing innovative immunotherapies. The poster will be available on the company's website in the 'Publications' section following the start of the poster session.

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Carisma Therapeutics Inc. (Nasdaq: CARM) has expanded its Scientific Advisory Board (SAB) by appointing two renowned key opinion leaders in liver fibrosis, Dr. Scott Friedman and Dr. Ira Tabas. This strategic move aims to bolster Carisma's program in developing innovative treatments for advanced liver disease. Steven Kelly, President and CEO of Carisma, expressed enthusiasm about leveraging the extensive experience and groundbreaking research of these experts to enhance the company's efforts in creating engineered macrophage therapies. The addition of these prominent figures to the SAB is expected to provide valuable insights and expertise as Carisma continues its mission to develop transformative treatments for patients.

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Carisma Therapeutics (Nasdaq: CARM), a clinical-stage biopharmaceutical company, announced the appointment of Marella Thorell and Dr. David Scadden to its Board of Directors, effective June 30, 2024. This decision coincides with the resignation of Regina Hodits and Björn Odlander due to other professional commitments. Carisma's leadership highlighted the vast experience that Thorell and Scadden bring to the company, which is expected to enhance the advancement of its cell therapy platform focused on engineered macrophages. The company expressed gratitude to the outgoing board members for their contributions.

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Carisma Therapeutics (Nasdaq: CARM) has announced the nomination of the first in vivo CAR-M development candidate, targeting Glypican-3 (GPC3), under its collaboration with Moderna. This candidate is designed to treat solid tumors, including hepatocellular carcinoma (HCC), the fastest-rising cause of cancer-related death in the U.S.

This nomination triggers a $2 million milestone payment to Carisma and leverages Carisma's expertise in engineering CAR-M with Moderna's mRNA and lipid nanoparticle platform. Pre-clinical data show the candidate can create CAR-M directly in vivo, redirecting myeloid cells to attack cancer cells.

The program advances under the 2022 strategic collaboration agreement between Carisma and Moderna, aiming to discover and commercialize in vivo CAR-M therapeutics. Moderna has also nominated four additional undisclosed oncology research targets under this collaboration.

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Carisma Therapeutics (Nasdaq: CARM) announced that the FDA granted Fast Track designation for CT-0525, a gene-modified cellular therapy for HER2-overexpressing solid tumors. This designation aims to expedite the development and review of therapies addressing serious conditions with unmet medical needs. The Phase 1 clinical trial is ongoing, focusing on safety, tolerability, and manufacturing feasibility. Initial data is expected by the end of 2024. The trial targets patients with advanced or metastatic solid tumors unresponsive to standard therapies.

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Carisma Therapeutics, a clinical-stage biopharmaceutical company specializing in innovative immunotherapies, has announced its participation in the Stifel 2024 Cell Therapy Forum.

Steven Kelly, President and CEO, will engage in a fireside chat on July 9, 2024, at 9:10 am ET. This session will be available via an audio webcast on the Investor Events section of Carisma's Investor Relations webpage and will remain archived for a period.

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FAQ

What is the current stock price of Carisma Therapeutics (CARM)?

The current stock price of Carisma Therapeutics (CARM) is $0.1977 as of April 10, 2025.

What is the market cap of Carisma Therapeutics (CARM)?

The market cap of Carisma Therapeutics (CARM) is approximately 8.3M.

What is Carisma Therapeutics Inc.'s primary focus?

Carisma Therapeutics Inc. is focused on developing innovative immunotherapies using its proprietary cell engineering platform to create engineered macrophages and monocytes for treating cancer, fibrosis, and autoimmune diseases.

How does the CAR-M platform work?

The CAR-M platform involves reprogramming macrophages and monocytes ex vivo and in vivo to enhance their natural immune functions, increasing their ability to infiltrate tumors or fibrotic tissues and deliver therapeutic effects.

In which therapeutic areas does Carisma operate?

Carisma pursues treatments in oncology, particularly for HER2-positive solid tumors, as well as targets in liver fibrosis and autoimmune diseases, leveraging its engineered cell therapy platform.

What distinguishes Carisma's approach from other cell therapies?

Unlike many therapies that rely on T-cell engineering, Carisma focuses on myeloid cells, such as macrophages and monocytes, which play key roles in both innate and adaptive immunity, allowing for potentially enhanced tissue infiltration and scalability.

What role do strategic collaborations play in Carisma’s business model?

Carisma collaborates with established biotech partners, including Moderna, to combine its CAR-M technology with complementary platforms like mRNA/LNP delivery systems, thereby accelerating the development and potential impact of its cell therapies.

How is Carisma addressing challenges in solid tumor treatment?

Carisma’s engineered cell therapies are designed to overcome issues such as tumor microenvironment immunosuppression, poor cell persistence, and antigen heterogeneity through enhanced cell infiltration and targeted therapeutic payloads.

What recent strategic changes have been implemented by Carisma Therapeutics?

Carisma has recently reprioritized its pipeline, redirecting resources toward its most promising programs in in vivo macrophage engineering, specifically targeting oncology, fibrosis, and autoimmune areas, while streamlining operations.

What benefits do engineered macrophages offer in liver fibrosis treatment?

Engineered macrophages can modulate key pathological pathways in liver fibrosis, such as reducing stellate cell activation and promoting tissue repair, offering a novel, off-the-shelf approach to address advanced fibrotic liver diseases.
Carisma Therapeutics Inc

Nasdaq:CARM

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