Welcome to our dedicated page for Chimerix news (Ticker: CMRX), a resource for investors and traders seeking the latest updates and insights on Chimerix stock.
Chimerix, Inc. (NASDAQ: CMRX) is a pioneering biopharmaceutical company focused on the development of innovative antiviral therapeutics. Led by a team of experienced professionals, Chimerix aims to enhance the quality of life for patients across diverse medical fields, including transplant, oncology, acute care, and global health.
Chimerix leverages its proprietary lipid technology, resulting in two promising clinical-stage compounds: CMX001 and CMX157. These compounds have shown potential for improved activity, bioavailability, and safety over existing drugs. The lead compound, CMX001, is a broad-spectrum antiviral that combats double-stranded DNA (dsDNA) viruses, such as cytomegalovirus (CMV), adenovirus, BK virus, herpes simplex virus, and variola (smallpox). CMX001 has completed Phase 2 development for CMV prophylaxis and is currently in Phase 2 trials for adenovirus treatment in hematopoietic stem cell transplant (HSCT) recipients.
Chimerix’s portfolio also includes ONC201, an oral, first-in-class small molecule imipridone targeting H3 K27M-mutant gliomas. The Phase 3 ACTION trial for ONC201 is a major focus, enrolling patients at over 130 sites in 13 countries. This study aims to report interim overall survival data by early 2025. Additionally, Chimerix's second-generation compound, ONC206, is undergoing Phase I dose escalation trials, demonstrating anti-cancer activity in both CNS and non-CNS tumors.
Financially, Chimerix maintains a robust balance sheet with significant capital to fund ongoing operations, reflecting sound fiscal management. The company reported a net loss of $18.6 million for Q2 2023 but continues to advance its research and development initiatives.
Chimerix’s mission is to develop medications that significantly improve and extend the lives of patients battling severe diseases. With ongoing clinical trials, strategic financial planning, and a dedicated team, Chimerix is poised to make substantial contributions to global health.
Chimerix, Inc. (Nasdaq: CMRX) has announced plans to offer up to $75 million in common stock through an underwritten public offering, with an additional $11.25 million option for underwriters. Proceeds will fund clinical development, commercial pre-launch activities, and general corporate purposes. Jefferies and Cowen are managing the offering. The offering is subject to market conditions and is made under a previously filed shelf registration statement with the SEC. Completion timing and terms remain uncertain.
Chimerix (NASDAQ:CMRX) has announced the acquisition of Oncoceutics, a privately-held company developing ONC201, a promising therapy for recurrent H3 K27M-mutant glioma. This acquisition, costing $78 million, positions Chimerix to advance its oncology portfolio, with ONC201 showing a compelling overall response rate of at least 20% in early trials. A regulatory pathway for potential approval is outlined, addressing a market opportunity exceeding $500 million. Upcoming milestones include a confirmatory data analysis expected in 2021 and a PDUFA date for another treatment in April.
Chimerix (NASDAQ:CMRX), a biopharmaceutical company, announced CEO Mike Sherman will present at the H.C. Wainwright BioConnect 2021 Conference, available on January 11, 2021, at 7:00 a.m. ET. This pre-recorded presentation will be accessible via the Investor Relations section of Chimerix's website for 90 days.
Chimerix is focused on developing medicines for serious diseases, with key programs including dociparstat sodium (DSTAT) and brincidofovir (BCV). DSTAT is in trials for acute lung injury related to COVID-19 and acute myeloid leukemia, while BCV seeks regulatory approval as a smallpox countermeasure.
Chimerix (NASDAQ:CMRX) announced that the FDA has accepted the New Drug Application (NDA) for brincidofovir (BCV) as a countermeasure for smallpox. The FDA granted Priority Review status, aiming for a decision by April 7, 2021. BCV has shown antiviral activity against smallpox in animal studies and is backed by funding from BARDA. The Priority Review designation reduces the review time from 10 months to a target of 6 months, suggesting the treatment may significantly improve safety or effectiveness for this serious condition.
Chimerix (NASDAQ:CMRX) announced that CEO Mike Sherman will present a corporate overview at the Credit Suisse 29th Annual Healthcare Conference on November 12, 2020, at 4:15 p.m. ET. This event will be available via live audio webcast on Chimerix's Investor Relations website and archived for 90 days. The company is advancing innovative medicines for cancer and serious diseases, focusing on two clinical-stage programs: dociparstat sodium (DSTAT) and brincidofovir (BCV), with DSTAT currently in trials for COVID-19 and acute myeloid leukemia.
Chimerix (CMRX) achieved major milestones in Q3 2020, including completing NDA submissions for brincidofovir (BCV) as a smallpox countermeasure. The company anticipates FDA notification regarding submission acceptance and a PDUFA date by year-end. Expected milestones include initiating a Phase 3 AML trial in early 2021 and a potential procurement contract with BARDA. Financially, Chimerix reported a net loss of $11.4 million, improved from $73.7 million in Q3 2019, with revenues of $1.6 million, down from $2.0 million. The company maintains a healthy balance sheet with $87.8 million available.
Chimerix (CMRX) will host a conference call on November 5, 2020, at 8:30 a.m. ET to report Q3 2020 financial results and provide a business overview. The company focuses on innovative medicines for cancer and serious diseases, with key products including dociparstat sodium (DSTAT) and brincidofovir (BCV). DSTAT is under Phase 2/3 trials for COVID-19 related acute lung injury and has an agreed Phase 3 protocol for acute myeloid leukemia. Stakeholders can access the call via phone or webcast, with details available on the company's website.
Chimerix (NASDAQ: CMRX), a biopharmaceutical firm, announced its participation in two investor conferences in September. The events include the H.C. Wainwright 22nd Annual Global Investment Conference on September 14 at 1:00 p.m. ET, where Chimerix will present a corporate overview and hold investor meetings. Additionally, management will engage in investor meetings at the Cantor Fitzgerald Virtual Healthcare Conference on September 16. A live audio webcast of the presentation will be available on their Investor Relations website.
Chimerix focuses on developing innovative treatments, including DSTAT for acute lung injury and BCV as a countermeasure for smallpox.
Chimerix (NASDAQ: CMRX) will host a live conference call and audio webcast on August 10, 2020, at 8:30 a.m. ET, to discuss its second-quarter financial results ending June 30, 2020, and provide a business overview. The call can be accessed by dialing (877) 354-4056 (domestic) or (678) 809-1043 (international). Chimerix focuses on developing innovative medicines for cancer and serious diseases, with clinical-stage programs including dociparstat sodium (DSTAT) for acute lung injury related to COVID-19 and brincidofovir (BCV) for smallpox.
Chimerix (NASDAQ: CMRX) appointed Dr. Allen Melemed as Chief Medical Officer, aiming to leverage his extensive experience in oncology. His role is crucial as Chimerix prepares for a Phase 3 trial for dociparstat sodium (DSTAT) in acute myeloid leukemia (AML) and a Phase 2/3 trial for COVID-19 acute lung injury. DSTAT shows promise in improving survival rates in AML patients and managing inflammation in COVID-19. Dr. Melemed has over 20 years of experience in clinical development at Eli Lilly, contributing to significant oncology drugs.
FAQ
What is the current stock price of Chimerix (CMRX)?
What is the market cap of Chimerix (CMRX)?
What does Chimerix, Inc. do?
What are Chimerix's leading compounds?
What stages are Chimerix's clinical trials in?
How is Chimerix financially positioned?
What is the significance of the ONC201 Phase 3 ACTION trial?
What kind of partnerships does Chimerix have?
Where is Chimerix based?
How does Chimerix generate revenue?
What is unique about Chimerix’s lipid technology?
What is Chimerix's mission?
