Coya Therapeutics, Inc. Stock Price, News & Analysis

Coya Therapeutics announces Arun Swaminathan, Ph.D., as new CEO effective November 1, 2024. Dr. Swaminathan, who previously led the company's $700 million potential licensing deal with Dr. Reddy's Laboratory, will guide Coya's growth in developing treatments for neurodegenerative diseases. The company also reported encouraging results from a Phase 2 investigator-initiated trial in Alzheimer's disease using low-dose interleukin-2 (LD IL-2). The trial showed cognitive stabilization and significant CSF biomarker improvement in the lower dose IL-2 arm, validating their Treg platform approach.

Coya Therapeutics (NASDAQ: COYA) announced positive results from a Phase 2 clinical trial of low-dose interleukin-2 (LD IL-2) in Alzheimer's Disease patients. The study met its primary safety endpoints and secondary endpoints for Regulatory T cell enhancement. The trial, involving 38 participants, tested two dosing regimens: every 4 weeks (q4wks) and every 2 weeks (q2wks). The q4wks dosing showed promising results, including cognitive stabilization and improved cerebrospinal fluid biomarkers. Notably, the q4wks group demonstrated a 4.93-point improvement in ADAS-Cog14 scores compared to placebo, and significant improvements in CSF Aβ42 levels. The treatment was well-tolerated with no serious adverse events reported.

Coya Therapeutics (NASDAQ: COYA) announces an upcoming conference call on Tuesday, October 29, at 8am ET to discuss results from a placebo-controlled, investigator-initiated Phase 2 clinical trial of low-dose interleukin-2 (LD IL-2) in patients with mild to moderate Alzheimer's Disease. The results will be simultaneously presented at the 17th Clinical Trials on Alzheimer's Disease Conference (CTAD24) in Madrid, Spain. The study was led by Dr. Alireza Faridar and Dr. Stanley Appel from Houston Methodist Research Institute, with funding from the Alzheimer's Association, Gates Foundation, and National Institute on Aging.

Coya Therapeutics (Nasdaq: COYA) has completed a $10.0 million private placement through the sale of 1,379,314 shares of common stock at $7.25 per share. The majority of investors were existing institutional stockholders. As of September 30, 2024, the company reported preliminary unaudited cash and cash equivalents of approximately $31.0 million. The proceeds will support general corporate purposes, administrative expenses, working capital, and preclinical, clinical, and regulatory activities for their product pipeline. BTIG, led the placement, with Allele Capital Partners and Chardan as co-placement agents.

Coya Therapeutics (Nasdaq: COYA), a clinical-stage biotechnology company focused on enhancing regulatory T cell function, has announced a $10.0 million private placement. The company will sell 1,379,314 shares of common stock at $7.25 per share to primarily existing institutional stockholders. The offering is expected to close around October 23, 2024, subject to customary conditions.

BTIG, is leading the placement, with Allele Capital Partners, and Chardan Capital Markets as co-placement agents. Coya plans to use the net proceeds for general corporate purposes, including administrative expenses, working capital, and supporting preclinical, clinical, and regulatory activities for their product pipeline.

The securities are being offered privately under Section 4(a)(2) of the Securities Act and Regulation D, and are not registered for public sale. Coya has agreed to file a registration statement with the SEC for resale of these securities within 30 days of the definitive agreements.

Coya Therapeutics (NASDAQ: COYA) announces that its Chairman and CEO, Howard Berman, Ph.D., has been recognized as a PharmaVoice 100 winner in the category of Biotech Pathfinders. This annual list honors the most inspiring individuals in the life sciences industry. The recognition comes as Dr. Berman prepares to transition to Executive Chairman on Nov. 1, as previously announced.

Arun Swaminathan, Ph.D., Coya's current Chief Business Officer and incoming CEO, praised Dr. Berman's leadership in building Coya from a startup to a clinical-stage company with promising candidates for neurodegenerative diseases. The PharmaVoice 100 honors individuals across various categories, recognizing their transformative impact on the pharmaceutical industry.

Coya Therapeutics, Inc. (NASDAQ: COYA), a clinical-stage biotechnology company focused on enhancing regulatory T cell (Treg) function, has announced its participation in the Chardan 8th Annual Genetic Medicines Conference. The event will take place on September 30 – October 1, 2024, at the Westin Grand Central in New York City.

CEO Howard Berman, Ph.D. and Chief Business Officer and incoming Chief Executive Officer Arun Swaminathan, Ph.D, will engage in a fireside chat on Tuesday, October 1, 2024, at 2:00pm ET. The discussion will be moderated by Keay Nakae, Senior Research Analyst at Chardan Capital Markets. Both executives will also be available for one-on-one meetings throughout the conference.

Coya Therapeutics (NASDAQ: COYA) announces promising results for COYA 302, a subcutaneously administered anti-inflammatory biologic, in a preclinical Parkinson's disease (PD) mouse model. The study shows that COYA 302 significantly reduces neuroinflammation in key brain regions affected by PD, including:

• Decreased microglial activation in the nigrostriatal pathway
• Reduced astrocyte numbers and activation (astrogliosis)

These findings suggest that COYA 302 can directly modulate brain inflammation when administered peripherally, potentially offering a new therapeutic approach for PD and other neurodegenerative diseases like Alzheimer's and Frontotemporal Dementia. The company plans to present or publish these results in a peer-reviewed setting.

Coya Therapeutics (NASDAQ: COYA), a clinical-stage biotech company focused on enhancing regulatory T cell function, announces CEO Howard Berman's participation in two upcoming healthcare conferences. On September 26, 2024, Dr. Berman will join a panel discussion at Munsch Hardt's 3rd Annual Texas Health Care Transactions Conference in Houston. On October 28, 2024, Dr. Berman and Dr. Stanley Appel will present data on COYA 302 at the inaugural Alzheimer's Drug Discovery Foundation (ADDF) Summit in Madrid, Spain.

The company will also present results from a Gates Foundation and Alzheimer's Association funded study on low-dose interleukin-2 in Alzheimer's patients at the Clinical Trials on Alzheimer's Disease conference. In May 2024, Coya received a $5 million strategic equity investment from ADDF to support COYA 302's development for Frontotemporal Dementia treatment.