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 (NASDAQ: CMRX) announced inducement grants to two new employees under Nasdaq Listing Rule 5635(c)(4) on July 5, 2024. The grants, approved by the Compensation Committee on July 1, 2024, include non-statutory stock options to purchase a total of 120,000 shares of common stock. The stock options have an exercise price equivalent to the closing trading price as of the grant date, a 10-year term, and vest over four years. This includes one-fourth vesting on the first-year anniversary of the hire and the remainder vesting monthly over the next three years. The options are subject to the 2024 Equity Incentive Plan's terms, although granted outside of it. Chimerix focuses on developing medicines for life-threatening diseases, with its leading program, ONC201, targeting H3 K27M-mutant glioma.
Chimerix (NASDAQ: CMRX), a biopharmaceutical company focused on developing medicines for deadly diseases, announced that CEO Mike Andriole will join a fireside chat at the Jefferies Global Healthcare Conference.
The event is scheduled for June 6, 2024, at 3:00 p.m. ET. An audio webcast will be available on Chimerix's Investor Relations website and archived for 90 days.
Chimerix reported its First Quarter 2024 Financial Results and Operational Update, highlighting the progress of the Dordaviprone (ONC201) ACTION study and the encouraging Phase 1 results of ONC206. The company aims to bring dordaviprone to patients facing H3 K27M-mutant diffuse glioma sooner, focusing on regulatory interactions and provisional registrations for accelerated approval. Chimerix also disclosed a net loss of $21.9 million for Q1 2024, with research and development expenses remaining stable. The company's balance sheet indicates $188.2 million in capital for operations with no outstanding debt.
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