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Cullinan Therapeutics, Inc. - CGEM STOCK NEWS

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

Cullinan Therapeutics, Inc. (Nasdaq: CGEM) is a forward-thinking biopharmaceutical company dedicated to establishing new standards of care for patients through innovative cancer and autoimmune therapies. The company specializes in a modality-agnostic approach, targeting key drivers of disease and harnessing the immune system to eradicate diseased cells.

With a highly experienced team of oncology professionals and drug developers, Cullinan boasts a diversified portfolio of clinical-stage assets sourced from both internal and external collaborations. This includes therapies aimed at inhibiting disease drivers or activating the immune system to address various oncology and autoimmune indications.

Recent Achievements:

  • CLN-617: A first-in-class cytokine therapy combining IL-2 and IL-12 for intratumoral injection, shown to activate a broad immune response.
  • CLN-619: A first-in-class monoclonal antibody for relapsed/refractory multiple myeloma, aimed at restoring immune recognition of tumor cells.
  • CLN-978: A novel CD19xCD3 bispecific T cell engager being developed for systemic lupus erythematosus.
  • Zipalertinib: An EGFR inhibitor for non-small cell lung cancer, with promising efficacy and a manageable safety profile.

Financially, Cullinan is well-positioned, having announced a $280 million private placement to support ongoing research and development activities. This funding, combined with current assets, is expected to sustain the company's operations into 2028.

For more detailed insights and updates, visit Cullinan’s website or follow them on LinkedIn and Twitter.

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Cullinan Oncology (Nasdaq: CGEM) reported significant clinical advancements and financial results for Q4 2021 and the full year. The company highlighted the Phase 1/2a trial of CLN-081, achieving a 97% response rate in NSCLC patients. CLN-081 received Breakthrough Therapy Designation from the FDA, and patient dosing for CLN-619 and CLN-049 began in December 2021. Cullinan ended 2021 with over $430 million in cash, sufficient to fund operations through 2024. However, the company recorded a net loss of $34.4 million in Q4 and $67.5 million for the full year, primarily due to increased R&D expenses.

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Cullinan Oncology (Nasdaq: CGEM) will hold a regulatory update webinar on CLN-081 on March 28, 2022, at 4:30 p.m. ET. Participants can register through the events section on the company's investor website. CLN-081 is an orally available, irreversible EGFR inhibitor targeting specific mutations in non-small cell lung cancer. The company is currently evaluating various doses in a Phase 1/2a trial for patients who have undergone platinum-based chemotherapy. An archived recording of the webinar will be available on the Cullinan website for 30 days.

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Cullinan Oncology, focused on developing targeted cancer therapies, announced participation in the Barclays Healthcare Conference in Miami from March 15-17, 2022. CEO Nadim Ahmed will present on March 16 at 3:20 p.m. ET. A live webcast of the presentation will be available on the investor relations website, with an archive accessible for 30 days post-event. Management will also engage in one-on-one investor meetings throughout the conference. Cullinan aims to deliver innovative treatments through internal and external collaborations.

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Cullinan Oncology, Inc. (NASDAQ: CGEM) has announced the selection of five abstracts for poster presentations at the AACR Annual Meeting 2022, scheduled for April 8-13 in New Orleans. The company will showcase data from its innovative immuno-oncology pipeline, including CLN-049, CLN-619, CLN-617, CLN-978, and a novel PD-1 x CD137L fusion protein. These programs focus on enhancing cancer therapy through various mechanisms, showcasing promising preclinical and clinical results aimed at improving treatment outcomes for cancer patients.

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Cullinan Oncology (NASDAQ: CGEM) announced significant leadership changes, appointing Dr. Jeffrey Jones as Chief Medical Officer and Dr. Anne-Marie Martin to its Board of Directors. Dr. Jones, previously with Bristol Myers Squibb, brings extensive oncology development experience, while Dr. Martin has over 25 years in translational medicine, most recently at GlaxoSmithKline. CEO Nadim Ahmed emphasized that their expertise will enhance Cullinan's capabilities in late-stage drug development as the company advances its pipeline of targeted cancer therapies.

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Cullinan Oncology will participate in SVB Leerink’s 11th Annual Global Healthcare Conference, held virtually from February 14-18, 2022. CEO Nadim Ahmed will host a fireside chat on February 17 at 8:40 a.m. ET, available via a live webcast on the company's investor relations website. Post-event, an archive will be accessible for 30 days. The management will also engage in one-on-one meetings with investors during the conference. Cullinan focuses on developing targeted therapeutic candidates for cancer patients through innovative internal and external collaborations.

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Cullinan Oncology (NASDAQ: CGEM) has entered a collaboration with the Icahn School of Medicine at Mount Sinai to develop oral protein degraders targeting HPK1, a key immune-oncology target. This multi-year agreement allows Cullinan to fund the research while holding an exclusive option to license any resulting intellectual property. The collaboration aims to enhance anti-tumor immunity through innovative therapies, co-led by experts from both institutions. The partnership reflects Cullinan's commitment to advancing cancer treatments through its diversified pipeline.

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Cullinan Oncology (Nasdaq: CGEM) will present at two virtual healthcare conferences in January 2022. The 40th Annual J.P. Morgan Healthcare Conference is scheduled for January 13 at 7:30 a.m. ET. A live webcast will be available on the company’s investor relations website. Additionally, the HC Wainwright BioConnect Conference will provide on-demand presentations starting January 10 at 7:00 a.m. ET. Details for registration and access can be found on their respective websites.

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Cullinan Oncology announced that the FDA has granted Breakthrough Therapy Designation for CLN-081, aimed at treating patients with advanced non-small cell lung cancer with EGFR exon 20 insertion mutations. This designation underscores the pressing need for improved therapies in this patient demographic. Updated Phase 1/2a study results indicate a high response rate and durable outcomes in heavily pre-treated patients, along with a favorable safety profile. The company is optimistic about ongoing discussions with the FDA to advance this treatment further.

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Cullinan Oncology (Nasdaq: CGEM) has reported promising interim data from its Phase 1/2a trial of CLN-081 in treating non-small cell lung cancer patients with EGFR exon 20 mutations. At the recommended Phase 2 dose of 100mg BID, the treatment demonstrated a 39% confirmed response rate and a median duration of response exceeding 15 months. Safety evaluations showed that treatment-related adverse events were predominantly mild, with no Grade 3 or greater events reported. These results support further development of CLN-081, as the company prepares for discussions with the FDA regarding late-stage trials.

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FAQ

What is the current stock price of Cullinan Therapeutics (CGEM)?

The current stock price of Cullinan Therapeutics (CGEM) is $11.6 as of December 20, 2024.

What is the market cap of Cullinan Therapeutics (CGEM)?

The market cap of Cullinan Therapeutics (CGEM) is approximately 684.2M.

What does Cullinan Therapeutics, Inc. specialize in?

Cullinan Therapeutics, Inc. specializes in developing innovative cancer and autoimmune therapies, utilizing a modality-agnostic approach to target key drivers of disease and harness the immune system.

What is CLN-617?

CLN-617 is a first-in-class cytokine therapy combining IL-2 and IL-12 for intratumoral injection, designed to activate a broad immune response against cancer cells.

What is the purpose of the recent $280 million private placement?

The $280 million private placement is intended to support Cullinan’s ongoing research and development activities, expand its clinical programs, and fund general corporate purposes and working capital.

What is Zipalertinib?

Zipalertinib is an orally available EGFR inhibitor designed to target exon 20 insertion mutations in non-small cell lung cancer, demonstrating promising efficacy and a manageable safety profile.

What are the latest developments regarding CLN-619?

CLN-619 is a monoclonal antibody targeting relapsed/refractory multiple myeloma, with Phase 1 trials indicating its potential to restore immune recognition and attack tumor cells.

What types of diseases does Cullinan Therapeutics' portfolio address?

Cullinan’s portfolio addresses both oncology and autoimmune diseases through a range of modalities designed to inhibit disease drivers or activate the immune system.

What is the strategic focus of Cullinan Therapeutics?

Cullinan focuses on creating transformative therapeutics by identifying unique targets and selecting optimal modalities, leveraging deep expertise in oncology, immunology, and translational medicine.

What is CLN-978 and its target indication?

CLN-978 is a novel CD19xCD3 bispecific T cell engager aimed at treating systemic lupus erythematosus and potentially other autoimmune diseases.

How does Cullinan Therapeutics ensure the development of promising assets?

Cullinan applies rigorous go/no-go criteria at each development stage to fast-track only the most promising molecules from candidate selection to clinical and commercial stages.

Where can I find more information about Cullinan Therapeutics?

More information about Cullinan Therapeutics can be found on their website at www.cullinantherapeutics.com and by following them on LinkedIn and Twitter.

Cullinan Therapeutics, Inc.

Nasdaq:CGEM

CGEM Rankings

CGEM Stock Data

684.17M
52.75M
4.5%
118.78%
14.96%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
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