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Compugen to Present Data Update on COM701 Phase 1 Clinical Trial at the American Society of Clinical Oncology 2021 Annual Meeting

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Compugen Ltd. (CGEN) announced an oral presentation at the ASCO 2021 Annual Meeting, scheduled for June 7, 2021. The presentation will provide updates on the ongoing Phase 1 trial of COM701, a therapeutic antibody targeting PVRIG for advanced solid tumors. Noteworthy details include the title of the oral presentation and its focus on the safety, tolerability, and preliminary antitumor activity of COM701, evaluated with or without nivolumab. The abstract will be accessible on May 19, 2021, on ASCO.org.

Positive
  • Presentation of Phase 1 trial results could enhance investor confidence.
  • Potential new insights into the efficacy of COM701 in treating solid tumors.
Negative
  • The outcome of the trial remains uncertain and subject to market speculation.

HOLON, Israel, April 29, 2021 /PRNewswire/ -- Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a leader in predictive target discovery, today announced that it will present updates on its ongoing Phase 1 clinical trial evaluating COM701, a first-in-class therapeutic antibody targeting PVRIG, in an oral presentation at the American Society of Clinical Oncology (ASCO) 2021 Annual Meeting, being held virtually on June 4-8, 2021.

Oral Presentation Details:

Title: "COM701 with or without nivolumab: Results of an ongoing phase 1 study of safety, tolerability and preliminary antitumor activity in patients with advanced solid malignancies"

Abstract: 2504

Session: Developmental Therapeutics—Immunotherapy

Date and Time: June 7, 202, 3:00 PM6:00 PM EDT

The abstract will be made available by ASCO on May 19, 2021, at 5:00 PM EDT on ASCO.org.  

The presentation will be made available on Compugen's website at www.cgen.com following the conclusion of the presentation.

About Compugen

Compugen is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable, predictive computational discovery platforms to identify novel drug targets and develop therapeutics in the field of cancer immunotherapy. Compugen's lead product candidate, COM701, a first-in-class anti-PVRIG antibody, for the treatment of solid tumors, is undergoing a Phase 1 clinical study. In addition, COM902, Compugen's antibody targeting TIGIT, is in a Phase 1 clinical study. Compugen's therapeutic pipeline also includes early stage immuno-oncology programs focused largely on myeloid targets. Compugen is headquartered in Israel, with offices in South San Francisco, CA. Compugen's shares are listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol CGEN. For additional information, please visit Compugen's corporate website at www.cgen.com

Forward-Looking Statement

This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Compugen. Forward-looking statements can be identified by the use of terminology such as "will," "may," "expects," "anticipates," "believes," "potential," "plan," "goal," "estimate," "likely," "should," "confident," and "intends," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Compugen to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Among these risks: the global COVID-19 pandemic may continue to negatively impact the global economy and may also adversely affect Compugen's business; . This risk and other risks are more fully discussed in the "Risk Factors" section of Compugen's most recent Annual Report on Form 20-F as filed with the Securities and Exchange Commission (SEC) as well as other documents that may be subsequently filed by Compugen from time to time with the SEC. In addition, any forward-looking statements represent Compugen's views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Compugen does not assume any obligation to update any forward-looking statements unless required by law. 

Investor Relations contact:

John Mullaly
Managing Director
LifeSci Advisors, LLC
Email: jmullaly@lifesciadvisors.com     
Tel: +1 (617) 429-3548

 

Cision View original content:http://www.prnewswire.com/news-releases/compugen-to-present-data-update-on-com701-phase-1-clinical-trial-at-the-american-society-of-clinical-oncology-2021-annual-meeting-301279857.html

SOURCE Compugen Ltd.

FAQ

What is the purpose of Compugen's COM701 Phase 1 clinical trial?

The trial aims to evaluate the safety, tolerability, and preliminary antitumor activity of COM701, a therapeutic antibody targeting PVRIG, in patients with advanced solid malignancies.

When and where will Compugen present the COM701 trial results?

Compugen will present the trial results during an oral presentation at the ASCO 2021 Annual Meeting on June 7, 2021.

What are the key details of the COM701 presentation at ASCO?

The presentation is titled 'COM701 with or without nivolumab: Results of an ongoing phase 1 study of safety, tolerability and preliminary antitumor activity in patients with advanced solid malignancies'.

What is the significance of the ASCO 2021 presentation for CGEN investors?

The presentation could potentially provide crucial data that might influence investor sentiment and the stock's market performance.

When will the trial abstract be available?

The trial abstract will be made available on ASCO.org on May 19, 2021, at 5:00 PM EDT.

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