Coya Therapeutics Announces Inclusion in the MSCI USA Micro Cap Index

Rhea-AI Summary

Coya Therapeutics (NASDAQ: COYA), a clinical-stage biotech company focused on enhancing regulatory T cell function, announced its inclusion in the MSCI USA Micro Cap Index, effective May 31, 2024. The Index, which tracks over 1,100 micro cap stocks with an average market cap of $122 million as of April 30, 2024, influences many microcap ETFs. CEO Howard Berman highlighted this inclusion as evidence of Coya's strategic focus and commitment to developing therapies for neurodegenerative diseases like ALS, Alzheimer's, and Parkinson's. Coya anticipates several key milestones throughout 2024 that could significantly impact its trajectory.

Positive

• Inclusion in the MSCI USA Micro Cap Index may attract more institutional investors and ETFs to Coya Therapeutics, potentially increasing stock liquidity and demand.
• CEO Howard Berman's remarks underscore Coya's strategic focus and commitment to developing therapies for major neurodegenerative diseases, suggesting a robust pipeline and long-term growth potential.
• The company expects several significant milestones in 2024, which may positively influence its stock performance and investor sentiment.

Negative

• Being categorized as a micro cap indicates that Coya Therapeutics has a relatively small market cap, which can imply higher volatility and risk for investors.
• The impact of inclusion in the MSCI USA Micro Cap Index is uncertain, as it depends on the extent of reweighting by ETFs and the overall market sentiment.
• No specific financial data or clinical trial results were provided, leaving uncertainty about the company's current financial health and the efficacy of its treatments.

HOUSTON--(BUSINESS WIRE)-- Coya Therapeutics, Inc. (NASDAQ: COYA) (“Coya” or the “Company”), a clinical-stage biotechnology company developing biologics intended to enhance regulatory T cell (Treg) function, announces that MSCI has selected the Company’s shares for inclusion in its MSCI USA Micro Cap Index at the market close of May 31, 2024. The MSCI USA Micro Cap Index is designed to measure the performance of the micro cap segment of the U.S. equity market and is comprised of over 1,100 constituents with an average market cap of $122 million at April 30, 2024. A wide range of microcap ETFs follow this benchmark and may reweight their holdings over the coming weeks for changes occurring in this Index on May 31.

“Being selected by MSCI is a testament to the strategic focus and execution of the Coya team in creating sustainable shareholder value,” commented Howard Berman, Ph.D., Chief Executive Officer of Coya. “We are resolute in our goal of developing and commercializing therapies addressing neurodegenerative diseases, such as Amyotrophic Lateral Sclerosis, Frontotemporal Dementia, Alzheimer’s disease, and Parkinson’s disease, and we expect to have numerous milestones over the remainder of 2024 that could potentially be additive to our story.”

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, MSCI powers better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. MSCI creates industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

About Coya Therapeutics, Inc.

Headquartered in Houston, TX, Coya Therapeutics, Inc. (NASDAQ: COYA) is a clinical-stage biotechnology company developing proprietary treatments focused on the biology and potential therapeutic advantages of regulatory T cells (“Tregs”) to target systemic inflammation and neuroinflammation. Dysfunctional Tregs underlie numerous conditions, including neurodegenerative, metabolic, and autoimmune diseases, and this cellular dysfunction may lead to sustained inflammation and oxidative stress resulting in lack of homeostasis of the immune system.

Coya’s investigational product candidate pipeline leverages multiple therapeutic modalities aimed at restoring the anti-inflammatory and immunomodulatory functions of Tregs. Coya’s therapeutic platforms include Treg-enhancing biologics, Treg-derived exosomes, and autologous Treg cell therapy.

COYA 302 – the Company’s lead biologic investigational product or “Pipeline in a Product” – is a proprietary combination of COYA 301 (Coya’s proprietary LD IL-2) and CTLA4-Ig for subcutaneous administration with a unique dual mechanism of action that is now being developed for the treatment of Amyotrophic Lateral Sclerosis, Frontotemporal Dementia, Parkinson’s disease, and Alzheimer’s disease. Its multi-targeted approach enhances the number and anti-inflammatory function of Tregs and simultaneously lowers the expression of activated microglia and the secretion of pro-inflammatory mediators. This synergistic mechanism may lead to the re-establishment of immune balance and amelioration of inflammation in a sustained and durable manner that may not be achieved by either low-dose IL-2 or CTLA4-Ig alone.

For more information about Coya, please visit www.coyatherapeutics.com.

Forward-Looking Statements

This press release contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our current and future financial performance, business plans and objectives, current and future clinical and preclinical development activities, timing and success of our ongoing and planned clinical trials and related data, the timing of announcements, updates and results of our clinical trials and related data, our ability to obtain and maintain regulatory approval, the potential therapeutic benefits and economic value of our product candidates, competitive position, industry environment and potential market opportunities. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but not limited to, those related to risks associated with the impact of COVID-19; the success, cost and timing of our product candidate development activities and ongoing and planned clinical trials; our plans to develop and commercialize targeted therapeutics; the progress of patient enrollment and dosing in our preclinical or clinical trials; the ability of our product candidates to achieve applicable endpoints in the clinical trials; the safety profile of our product candidates; the potential for data from our clinical trials to support a marketing application, as well as the timing of these events; our ability to obtain funding for our operations; development and commercialization of our product candidates; the timing of and our ability to obtain and maintain regulatory approvals; the rate and degree of market acceptance and clinical utility of our product candidates; the size and growth potential of the markets for our product candidates, and our ability to serve those markets; our commercialization, marketing and manufacturing capabilities and strategy; future agreements with third parties in connection with the commercialization of our product candidates; our expectations regarding our ability to obtain and maintain intellectual property protection; our dependence on third party manufacturers; the success of competing therapies or products that are or may become available; our ability to attract and retain key scientific or management personnel; our ability to identify additional product candidates with significant commercial potential consistent with our commercial objectives; ; and our estimates regarding expenses, future revenue, capital requirements and needs for additional financing.

We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed herein may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although our management believes that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240528588877/en/

Investor Contact

David Snyder, CFO

david@coyatherapeutics.com

CORE IR

Bret Shapiro

brets@coreir.com

561-479-8566

Media Contact

Kati Waldenburg

media@coyatherapeutics.com

212-655-0924

Source: Coya Therapeutics, Inc.

FAQ

What is the significance of Coya Therapeutics being included in the MSCI USA Micro Cap Index?

Inclusion in the MSCI USA Micro Cap Index can increase visibility, attract institutional investors, and enhance stock liquidity and demand for Coya Therapeutics (COYA).

When will Coya Therapeutics be included in the MSCI USA Micro Cap Index?

Coya Therapeutics will be included in the MSCI USA Micro Cap Index effective at the market close on May 31, 2024.

What are some potential benefits for Coya Therapeutics from being included in the MSCI USA Micro Cap Index?

Potential benefits include increased visibility, higher stock liquidity, and attracting more institutional investors.

What is the average market cap of companies in the MSCI USA Micro Cap Index?

As of April 30, 2024, the average market cap of companies in the MSCI USA Micro Cap Index is $122 million.

What diseases is Coya Therapeutics focusing on with its therapies?

Coya Therapeutics is focusing on developing therapies for neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS), Frontotemporal Dementia, Alzheimer's disease, and Parkinson's disease.

What are the expected milestones for Coya Therapeutics in 2024?

Coya Therapeutics expects numerous milestones throughout 2024 that could significantly impact its development and commercialization of therapies.