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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.

About Carisma Therapeutics Inc.

Carisma Therapeutics Inc. (NASDAQ: CARM) is a clinical-stage biopharmaceutical company pioneering the development of transformative immunotherapies through its proprietary chimeric antigen receptor macrophage (CAR-M) and monocyte cell engineering platform. Headquartered in Philadelphia, Pennsylvania, Carisma is at the forefront of advancing next-generation cell therapies to address critical unmet medical needs in oncology, fibrosis, and autoimmune diseases.

Innovative Cell Therapy Platform

Carisma's proprietary platform focuses on engineering macrophages and monocytes, a subgroup of white blood cells critical to both the innate and adaptive immune responses. Unlike traditional CAR-T therapies, which target lymphocytes, Carisma's approach leverages the unique properties of myeloid cells to infiltrate solid tumors, modulate the tumor microenvironment, and address antigen heterogeneity. This innovative platform has enabled the development of both ex vivo (outside the body) and in vivo (inside the body) therapies, positioning the company as a leader in macrophage-based immunotherapy.

Core Therapeutic Areas

  • Oncology: Carisma's lead programs focus on addressing HER2-overexpressing solid tumors through CAR-Macrophage and CAR-Monocyte therapies. These programs aim to overcome the limitations of existing cell therapies by enhancing tumor infiltration, persistence, and manufacturing efficiency.
  • Fibrosis: The company is advancing preclinical programs targeting liver fibrosis, including conditions like metabolic-associated steatohepatitis (MASH). Engineered macrophages in these programs aim to reduce fibrosis and inflammation while restoring key cellular processes.
  • Autoimmune Diseases: Through an expanded collaboration with Moderna, Carisma is exploring the potential of in vivo macrophage engineering to address autoimmune conditions, leveraging its deep expertise in myeloid biology.

Strategic Collaborations

Carisma has established a strategic partnership with Moderna, Inc., combining Carisma's expertise in macrophage engineering with Moderna's mRNA and lipid nanoparticle (LNP) platform. This collaboration has yielded promising in vivo CAR-M candidates targeting oncology and autoimmune diseases, including a development candidate for hepatocellular carcinoma (HCC). These partnerships underscore Carisma's commitment to innovation and scalability.

Market Position and Competitive Edge

In a competitive landscape dominated by CAR-T and other immune cell therapies, Carisma differentiates itself with its focus on macrophages and monocytes. This approach addresses key challenges in treating solid tumors, such as tumor microenvironment immunosuppression and antigen heterogeneity. Additionally, its pivot to in vivo therapies represents a strategic shift toward off-the-shelf solutions, potentially reducing manufacturing complexities and costs.

Operational Focus and Future Outlook

Carisma recently reprioritized its pipeline to focus on high-potential in vivo programs in oncology, fibrosis, and autoimmune diseases. This strategic realignment, coupled with a streamlined workforce, reflects the company's commitment to operational efficiency and long-term innovation. With multiple preclinical and clinical milestones anticipated in the coming years, Carisma is well-positioned to deliver transformative therapies that redefine treatment paradigms.

Conclusion

Carisma Therapeutics Inc. represents a paradigm shift in cell therapy, leveraging macrophage and monocyte engineering to tackle some of the most challenging diseases. Through its innovative platform, strategic collaborations, and focused pipeline, Carisma is poised to make a significant impact in the fields of oncology, fibrosis, and autoimmune diseases, offering hope to patients with limited treatment options.

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Carisma Therapeutics Inc. (Nasdaq: CARM) appoints Dr. John Hohneker to its Board of Directors and sees the resignation of Chidozie Ugwumba. Dr. Hohneker brings extensive experience in drug development and leadership, enhancing Carisma's position in the biopharmaceutical space.
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Carisma Therapeutics Inc. (Nasdaq: CARM) announces participation in the AACR Annual Meeting to present advancements in their Engineered Microenvironment Converters platform for cancer immunotherapy. Michael Klichinsky to discuss engineering strategies for cancer immunotherapy.
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Carisma Therapeutics Inc. (CARM) will participate in the TD Cowen 44th Annual Health Care Conference. Steven Kelly, President and CEO, to speak on March 6th. Audio webcast available on the Investor Relations webpage.
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Carisma Therapeutics Inc. (Nasdaq: CARM) will present at the 42nd Annual J.P. Morgan Healthcare Conference on January 11, 2024. Steven Kelly, President and CEO, will lead the presentation.
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Carisma Therapeutics Inc. (Nasdaq: CARM) has announced the nomination of its first lead candidate under the collaboration with Moderna, Inc. (Nasdaq: MRNA) to target an antigen present on a solid tumor with significant unmet medical need. This strategic collaboration brings together Carisma's CAR-M platform with Moderna's mRNA and LNP technologies to develop in vivo CAR-M therapeutics for oncology.
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Carisma Therapeutics Inc. (CARM) has received FDA clearance for its Investigational New Drug application (IND) for CT-0525, the first CAR-Monocyte to be evaluated in humans in the solid tumor setting. The company expects to treat the first patient in the first half of 2024. CT-0525 is an ex vivo gene-modified autologous chimeric antigen receptor-monocyte (CAR-Monocyte) cellular therapy intended to treat solid tumors that overexpress human epidermal growth factor receptor 2 (HER2). The Phase 1 study for CT-0525 is designed to assess the safety, tolerability, and the manufacturing feasibility of CT-0525. This study will enroll participants with locally advanced (unresectable) or metastatic solid tumors overexpressing HER2 whose disease has progressed on standard approved therapies.
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Carisma Therapeutics Inc. (CARM) to participate in fireside chat at Evercore ISI HealthCONx Conference
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Carisma Therapeutics Inc. (Nasdaq: CARM) reported updates from Phase 1 clinical trial of CT-0508 at CAR-TCR Summit, supporting CAR-M safety, feasibility and mechanism of action. Selected clinical candidate for CT-1119, an anti-mesothelin CAR-Monocyte, and presented pre-clinical proof of concept data of in vivo CAR-M from collaboration with Moderna at SITC. Cash, cash equivalents and marketable securities of $94.1 million expected to fund company into the first quarter of 2025.
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Carisma Therapeutics Inc. will present new findings at the Society for Immunotherapy of Cancer (SITC) 38th Annual Meeting regarding its collaboration with Moderna. The collaboration aims to develop in vivo CAR-M therapeutics using Carisma's CAR-M platform and Moderna's mRNA and LNP technologies. The data demonstrates the feasibility, tolerability, and efficacy of the therapy against metastatic solid tumors. This off-the-shelf approach has the potential to increase access to CAR-based therapies.
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Carisma Therapeutics will present new pre-clinical data on its mRNA platform for developing CAR-M at the SITC 38th Annual Meeting. The data will include next-generation enhancements to Carisma's CAR-M platform and an overview of its Phase 1 study design. The company will participate in the virtual SITC 2023 Annual Meeting Press Conference.
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FAQ

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

The current stock price of Carisma Therapeutics (CARM) is $0.4004 as of March 3, 2025.

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

The market cap of Carisma Therapeutics (CARM) is approximately 17.1M.

What does Carisma Therapeutics specialize in?

Carisma Therapeutics specializes in developing macrophage- and monocyte-based immunotherapies to treat cancer, fibrosis, and autoimmune diseases.

How does Carisma differentiate itself from traditional cell therapy companies?

Carisma focuses on engineering myeloid cells like macrophages and monocytes, which can infiltrate solid tumors and modulate the tumor microenvironment, unlike traditional CAR-T therapies targeting lymphocytes.

What is the significance of Carisma's collaboration with Moderna?

Carisma's partnership with Moderna combines its macrophage engineering expertise with Moderna's mRNA/LNP platform to develop scalable in vivo therapies for oncology and autoimmune diseases.

What are Carisma's key therapeutic areas?

Carisma focuses on oncology (solid tumors), fibrosis (e.g., liver fibrosis and MASH), and autoimmune diseases, leveraging its proprietary cell engineering platform.

What challenges does Carisma address in cancer treatment?

Carisma's therapies aim to overcome challenges like poor tumor infiltration, immunosuppression within the tumor microenvironment, and antigen heterogeneity in solid tumors.

What is the company's approach to fibrosis treatment?

Carisma uses engineered macrophages to target key pathways in liver fibrosis, reducing inflammation and collagen accumulation while restoring cellular processes.

What is the potential of Carisma's in vivo therapies?

In vivo therapies offer scalable, off-the-shelf solutions by engineering immune cells directly within the patient, reducing manufacturing complexities and enhancing accessibility.

What is the significance of Carisma's pivot to in vivo therapies?

The pivot reflects a strategic focus on scalable, next-generation therapies with broad applications in oncology, fibrosis, and autoimmune diseases.

What are the risks associated with Carisma's business model?

Key risks include high R&D costs, regulatory hurdles, and competition in the cell therapy space. However, strategic collaborations and a differentiated platform mitigate some of these risks.

Where is Carisma Therapeutics headquartered?

Carisma Therapeutics is headquartered in Philadelphia, Pennsylvania.
Carisma Therapeutics Inc

Nasdaq:CARM

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17.13M
28.84M
27.4%
31.45%
1.05%
Biotechnology
Pharmaceutical Preparations
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United States
PHILADELPHIA