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Chemomab Therapeutics Ltd - CMMB STOCK NEWS

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

About Chemomab Therapeutics Ltd.

Chemomab Therapeutics Ltd. (Nasdaq: CMMB) is a clinical-stage biotechnology company pioneering the development of innovative therapies for fibro-inflammatory diseases with significant unmet medical needs. Based in Tel Aviv, Israel, Chemomab's research focuses on addressing the underlying mechanisms of fibrosis and inflammation, conditions that contribute to a range of severe and life-threatening diseases. The company's lead therapeutic candidate, nebokitug (CM-101), is a first-in-class monoclonal antibody designed to neutralize the soluble protein CCL24, a key regulator of inflammatory and fibrotic pathways.

Core Therapeutic Focus and Mechanism of Action

Nebokitug (CM-101) operates through a unique dual mechanism of action, targeting both immune cell recruitment and fibroblast activation. By inhibiting CCL24, nebokitug disrupts the self-perpetuating fibro-inflammatory cycle that drives fibrosis. This approach has shown promise in addressing a variety of fibro-inflammatory diseases, including primary sclerosing cholangitis (PSC), a rare and progressive liver disease, and systemic sclerosis (SSc), a debilitating autoimmune condition affecting the skin, lungs, and other organs.

Clinical Development and Regulatory Milestones

Chemomab has advanced nebokitug through multiple clinical trials, demonstrating its safety, tolerability, and efficacy. The company's Phase 2 SPRING trial in PSC established clinical proof-of-concept, showing improvements across a range of disease biomarkers, including liver stiffness, Enhanced Liver Fibrosis (ELF) scores, and pruritus severity. These results have positioned nebokitug as the first investigative therapy for PSC with broad activity across all major disease components.

In collaboration with the U.S. Food and Drug Administration (FDA), Chemomab recently secured alignment on the design of a single Phase 3 registration trial for nebokitug in PSC. This pivotal trial will evaluate clinically meaningful endpoints, such as time-to-first-event of disease progression, without requiring invasive liver biopsies. This streamlined pathway offers a significant acceleration toward potential full regulatory approval.

Market Position and Competitive Advantages

Chemomab's focus on fibro-inflammatory diseases with high unmet needs provides a strategic advantage in the biotechnology sector. Nebokitug has received Orphan Drug and Fast Track designations from both the FDA and the European Medicines Agency (EMA), underscoring its potential to address critical gaps in treatment. The company's robust intellectual property portfolio, including patents extending to 2038, further strengthens its market position.

With an estimated 30,000 PSC patients in the U.S. and 80,000 worldwide, as well as significant unmet needs in related conditions like systemic sclerosis, Chemomab is well-positioned to capture a substantial share of these markets. Additionally, the company's ongoing discussions with strategic partners could accelerate the development and commercialization of nebokitug across multiple indications.

Future Outlook

Chemomab is preparing to launch its Phase 3 PSC trial in late 2025, with results from the open-label extension of the Phase 2 SPRING trial expected in early 2025. These milestones, coupled with the company's proactive engagement with regulatory authorities and potential biopharma partners, highlight its commitment to delivering transformative therapies. By addressing the root causes of fibro-inflammatory diseases, Chemomab aims to improve patient outcomes and establish itself as a leader in this specialized therapeutic domain.

Key Takeaways

  • Innovative Science: First-in-class monoclonal antibody targeting CCL24, a novel driver of fibrosis and inflammation.
  • Clinical Progress: Positive Phase 2 data in PSC, with Phase 3 trial design aligned with FDA guidance.
  • Regulatory Advantages: Orphan Drug and Fast Track designations for nebokitug in PSC.
  • Market Potential: Addressing high unmet needs in rare fibro-inflammatory diseases.
  • Strategic Partnerships: Active discussions with biopharma companies to accelerate development timelines.
Rhea-AI Summary
Chemomab Therapeutics Ltd. (CMMB) completes patient enrollment for CM-101 Phase 2 trial for treating Primary Sclerosing Cholangitis, with topline data expected in mid-2024. New patents granted in Brazil and Israel enhance protection for CM-101 in fibrotic liver diseases, including PSC.
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Chemomab Therapeutics Ltd. (CMMB) will release its fourth quarter and full year 2023 financial results and provide a business update on March 7, 2024. The company focuses on developing therapeutics for fibro-inflammatory diseases with high unmet needs.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) announced that CEO Dr. Adi Mor and other senior management will participate in two upcoming investor conferences. Dr. Mor will deliver a corporate presentation and participate in one-on-one investor meetings at the Oppenheimer 34th Annual Healthcare Life Sciences Conference and the Leerink Partners Global Biopharma Conference. The Oppenheimer Conference presentation will be webcast live and available on the company's website for 90 days.
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Chemomab Therapeutics Ltd. announced the publication of proteomic analyses that demonstrate the unique role of the soluble protein CCL24 in driving pathologies associated with the rare fibrotic liver disease primary sclerosing cholangitis (PSC). The company's first-in-class CCL24-neutralizing antibody CM-101 has the potential to interrupt these destructive processes. The Phase 2 PSC trial for CM-101 has completed patient enrollment, with topline data targeted for midyear 2024.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) announced the early completion of patient enrollment in its Phase 2 clinical trial assessing CM-101 as a treatment for primary sclerosing cholangitis (PSC). The company expects to report topline data from the PSC clinical trial by midyear 2024, rather than in the second half of 2024 as previously projected. CM-101 is a first-in-class monoclonal antibody with dual anti-inflammatory and anti-fibrotic activity, and it has Orphan Drug designation for PSC in the U.S. and the European Union (EU), as well as Fast Track designation by the U.S. Food & Drug Administration (FDA).
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) reports on its study analyzing serum samples and clinical data from systemic sclerosis (SSc) patients, revealing high serum CCL24 levels associated with severe manifestations of the disease, including pulmonary arterial hypertension (PAH). The company's first-in-class monoclonal antibody, CM-101, is designed to neutralize CCL24 and normalize CCL24-driven fibro-inflammatory disease processes.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) has been granted Fast Track designation by the FDA for CM-101, a first-in-class monoclonal antibody designed to treat primary sclerosing cholangitis (PSC), a fibrotic liver disease. The Phase 2 SPRING trial is advancing towards completion of enrollment with the top-line readout expected in 2H 2024. CM-101's unique dual anti-fibrotic and anti-inflammatory activity has demonstrated potential disease-modifying effects in preclinical and early clinical studies.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) reported on proteomic analyses of Phase 2a liver fibrosis clinical data and oral presentation of proteomic analyses in PSC patients at AASLD's The Liver Meeting® 2023. The data showed consistent and significant improvements in liver-related pathology pathways after treatment with CM-101, a monoclonal antibody designed to neutralize CCL24, a key driver of inflammatory and fibrotic processes underlying PSC and other disorders.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) reported strong progress in advancing the CM-101 Phase 2 PSC trial towards completion of enrollment, on track for topline readout in the second half of 2024. The company reiterated that cash reserves are sufficient to fund operations through the end of 2024, with decreasing quarterly cash burn expected to continue.
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Chemomab Therapeutics Ltd. (Nasdaq: CMMB) received a notice from the Nasdaq Listing Qualifications Department stating that the company is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of its American Depositary Shares (ADSs) on the Nasdaq Capital Market. The company has until May 6, 2024, to regain compliance by having the closing bid price of its ADSs meet or exceed $1.00 per ADS for at least 10 consecutive business days. The company's ADSs will continue to trade on the Nasdaq Capital Market under the symbol 'CMMB'.
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FAQ

What is the current stock price of Chemomab Therapeutics (CMMB)?

The current stock price of Chemomab Therapeutics (CMMB) is $0.98 as of April 9, 2025.

What is the market cap of Chemomab Therapeutics (CMMB)?

The market cap of Chemomab Therapeutics (CMMB) is approximately 18.9M.

What does Chemomab Therapeutics Ltd. specialize in?

Chemomab specializes in developing innovative therapies for fibro-inflammatory diseases, including primary sclerosing cholangitis (PSC) and systemic sclerosis.

What is nebokitug (CM-101)?

Nebokitug is a first-in-class monoclonal antibody that neutralizes CCL24, targeting the inflammatory and fibrotic pathways central to fibro-inflammatory diseases.

What are Chemomab's key clinical advancements?

Chemomab's Phase 2 SPRING trial in PSC demonstrated safety, tolerability, and efficacy across multiple disease biomarkers, paving the way for a Phase 3 trial.

What regulatory designations has nebokitug received?

Nebokitug has been granted Orphan Drug and Fast Track designations by the FDA and EMA for the treatment of PSC.

What is Chemomab's market potential?

Chemomab targets rare diseases with high unmet needs, such as PSC, which affects an estimated 30,000 patients in the U.S. and 80,000 worldwide.

How does Chemomab differentiate itself from competitors?

Chemomab's unique dual-action mechanism of nebokitug and its focus on fibro-inflammatory diseases with no approved therapies set it apart in the biotech landscape.

What are the next steps for Chemomab's clinical programs?

Chemomab plans to launch a Phase 3 registrational trial for nebokitug in PSC in late 2025 and report open-label Phase 2 data in early 2025.

Is Chemomab pursuing strategic partnerships?

Yes, Chemomab is actively engaging with biopharma companies to accelerate development and commercialization timelines for nebokitug.
Chemomab Therapeutics Ltd

Nasdaq:CMMB

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