STOCK TITAN

CYTODYN INC - CYDY STOCK NEWS

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

CYDY is a clinical-stage biotechnology company focused on developing leronlimab, a humanized IgG4 monoclonal antibody that targets CCR5, a protein on immune system cells. Having invested in clinical trials, CYDY aims to revolutionize treatment across multiple therapeutic areas including HIV, oncology, MASH, and MASLD. Despite facing challenges in FY23, the company took measures to conserve resources, reduce operating expenses, and position itself for near-term and long-term success. CYDY is focused on completing the resolution of the FDA's partial clinical hold and exploring various therapeutic indications for leronlimab to maximize patient and practitioner benefits.

News
Rhea-AI Summary

CytoDyn (CYDY) provided a comprehensive year-end update highlighting several key developments. The company has secured sufficient cash and drug supplies for its 2025 clinical priorities and is making progress on developing a long-acting formulation of leronlimab. Recent additions to the development team include Dr. Melissa Palmer (Lead Consultant in Hepatology), Dr. Max Lataillade (SVP and Head of Clinical Development), and Dr. Richard Pestell (Lead Consultant in Oncology).

The company is prioritizing oncology in 2025, having received FDA clearance to initiate a Phase II study in colorectal cancer. Additional focus areas include triple-negative breast cancer (TNBC) and glioblastoma (GBM). In inflammation, promising results were reported from preclinical MASH studies, with ongoing research in Long Covid and Alzheimer's disease. The company is also partnering with amfAR for an HIV cure study called LATCH.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
none
-
Rhea-AI Summary

CytoDyn has appointed Richard Pestell, M.D., Ph.D. as Lead Consultant in Preclinical and Clinical Oncology. Dr. Pestell, who previously served as Vice Chairman and CMO, will lead the company's R&D strategy in oncology for leronlimab development. He brings over 30 years of research experience and currently serves as President of the Pennsylvania Cancer and Regenerative Medicine Research Center. During his previous tenure at CytoDyn, he was instrumental in obtaining FDA Fast Track Designation for leronlimab in combination with carboplatin for CCR5-positive metastatic triple-negative breast cancer treatment. Dr. Pestell's work includes over 600 publications with more than 95,000 citations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
Tags
management
-
Rhea-AI Summary

CytoDyn (OTCQB: CYDY) has received FDA clearance to begin its Phase II oncology trial evaluating leronlimab in patients with relapsed/refractory microsatellite stable colorectal cancer (CRC). The clearance follows productive feedback sessions with the FDA and submission of the final study protocol in September 2024. The trial will be conducted in partnership with Syneos Health, with a kickoff meeting scheduled for late November 2024 and patient enrollment beginning in early 2025. The company's CCR5 antagonist, leronlimab, shows potential for multiple therapeutic indications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
Tags
Rhea-AI Summary

CytoDyn (OTCQB: CYDY) has appointed Dr. Melissa Palmer as Lead Consultant in Hepatology to drive the company's research and development strategy for liver conditions. Following promising initial results, CytoDyn has commissioned two follow-up studies with SMC Laboratories to confirm fibrosis reversal observations, with results expected in early 2025. The studies will compare leronlimab alone and in combination with other therapies, including resmetirom and a GLP-1 agonist. Dr. Palmer, an internationally renowned hepatologist with over three decades of experience and previous interim CMO role at CytoDyn, will oversee these studies focusing on MASH and liver fibrosis treatments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
management
-
Rhea-AI Summary

CytoDyn Inc. (OTCQB: CYDY) has appointed Dr. Max Lataillade as Senior Vice President and Head of Clinical Development. Dr. Lataillade, with over 20 years of research experience, will lead the company's global R&D strategy and oversee end-to-end R&D activities. He previously served as Vice President at ViiV Healthcare and Bristol-Myers Squibb, specializing in HIV research. Dr. Lataillade is also an assistant clinical professor at Yale University School of Medicine.

CytoDyn's CEO, Dr. Jacob Lalezari, expressed enthusiasm about the appointment, citing Dr. Lataillade's industry accomplishments and skillset as valuable assets for progressing the company's development pipeline. Dr. Lataillade aims to leverage his experience to pursue strategic development opportunities and advance CytoDyn's clinical pipeline, particularly focusing on the development of leronlimab, a CCR5 antagonist with potential for multiple therapeutic indications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
management clinical trial
-
Rhea-AI Summary

CytoDyn Inc. (OTCQB: CYDY) announced the acceptance of an abstract for presentation at the 5th annual HIV Research for Prevention Conference. The abstract highlights research on combining early antiretroviral therapy (ART) with broadly neutralizing antibodies (bNAbs) and leronlimab, a CCR5 antagonist, in infant rhesus macaques infected with Simian Human Immunodeficiency Virus (SHIV).

Key findings include:

  • The study aimed to assess if this combination could provide sustained viral control without continuous ART
  • 18 infant rhesus macaques were treated with various combinations of ART, bNAbs, and leronlimab
  • No virus rebound was observed in treated animals over a 27-week period
  • Results suggest potential for durable viral control and reduced need for ongoing ART

The study, funded by an NIH grant to OHSU, will be presented by Dr. Jonah B. Sacha at the conference in Lima, Peru on October 10, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
none
Rhea-AI Summary

CytoDyn Inc. (OTCQB: CYDY) has engaged Syneos Health as the contract research organization (CRO) for its upcoming Phase II oncology trial. The trial will evaluate the efficacy of leronlimab in patients with relapsed/refractory micro-satellite stable colorectal cancer (CRC). Syneos Health is a leading biopharmaceutical solutions organization with advanced data analytics and AI/ML capabilities.

Dr. Jacob Lalezari, CEO of CytoDyn, stated that investigating leronlimab in oncology remains their top priority. The company expects to generate clinical data affirming the utility of leronlimab in combination with trifluridine plus tipiracil (TAS-102) and bevacizumab. CytoDyn submitted the final study protocol to the FDA for approval in September 2024 and anticipates starting patient screening in early 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
Tags
-
Rhea-AI Summary

CytoDyn Inc. (OTCQB: CYDY) has announced preliminary findings from a preclinical study conducted by SMC Laboratories on leronlimab, its CCR5 antagonist. The study assessed optimal dosing for MASH (Metabolic dysfunction-Associated Steatohepatitis) and potential synergies with Resmetirom. Key findings include:

1. Leronlimab monotherapy (700 mg) showed statistically significant fibrosis reversal compared to control (p<0.01).
2. Dose-dependent antifibrotic activity was observed, with 700 mg performing better than 350 mg.
3. Leronlimab (700 mg) appeared to have better anti-fibrotic activity than Resmetirom (p=0.057).

Dr. Jacob Lalezari, CEO of CytoDyn, expressed excitement about the results, stating they confirm leronlimab's potential to benefit patients with various medical concerns. The company is in discussions with SMC Laboratories regarding next steps, including supplemental studies to expand on these findings and advance their clinical pipeline.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.54%
Tags
none
-
News
Rhea-AI Summary

CytoDyn Inc. (CYDY) has made significant progress in 2024, as outlined in the September shareholder letter. Key developments include:

  • FDA lifting the clinical hold on leronlimab in March 2024
  • Submission of two clinical trial protocols to the FDA
  • Settlement with Amarex, resulting in a $10 million cash influx
  • Initiation of pre-clinical and clinical leronlimab trials
  • Progress on developing a longer-acting therapeutic with an AI partner

The company is focusing on oncology, with a Phase II study in colorectal cancer and exploration of triple-negative breast cancer and glioblastoma. In inflammation, CytoDyn is evaluating leronlimab for HIV-related chronic inflammation, Alzheimer's Disease, and chronic fatigue syndrome. Other areas include MASH and HIV cure research. The company believes it has sufficient cash to commence clinical trials and advance development initiatives into 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
none
Rhea-AI Summary

CytoDyn Inc. (OTCQB: CYDY) has announced the engagement of Syneos Health as the contract research organization (CRO) for its upcoming Phase II study on leronlimab's effects on chronic inflammation. Syneos Health is a leading biopharmaceutical solutions provider with a strong track record, having contributed to the development or commercialization of 92% of novel new drugs approved by the FDA in the last five years (2019-2023) and 91% of products granted marketing authorization by the European Medicines Agency.

Dr. Jacob Lalezari, CEO of CytoDyn, expressed optimism about the collaboration, stating that their goal is to generate clinical data that will affirm leronlimab's utility in addressing various medical concerns impacting patients globally.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
Tags

FAQ

What is the current stock price of CYTODYN (CYDY)?

The current stock price of CYTODYN (CYDY) is $0.119 as of December 20, 2024.

What is the market cap of CYTODYN (CYDY)?

The market cap of CYTODYN (CYDY) is approximately 134.2M.

What operational and financial adjustments did the Company make in fiscal year 2023?

In fiscal year 2023, CYDY implemented significant reductions in its workforce, cash burn rate, and operating expenses to preserve resources and focus on critical corporate priorities. Workforce reductions, alongside expense reduction measures, led to improved cash burn and expense run rates.

What is the status of the clinical hold?

CYDY recently provided additional information to the FDA to address remaining questions and hopes for the removal of the clinical hold. The company stands ready to address further issues and is optimistic about a successful resolution.

What is the short-term development plan for leronlimab following the resolution of the clinical hold?

Post the resolution of the clinical hold, CYDY will focus on a multipronged therapeutic approach to leronlimab. Initiatives include KOL-identified studies in HIV, pre-clinical combination therapy trials in MASH and oncology, and potential partnership opportunities.

What is the current status of the longer-acting therapeutic project?

CYDY is collaborating with a partner utilizing AI technology to develop a long-acting therapeutic enhancing its existing IP portfolio and attracting partnership opportunities, potentially increasing shareholder value.

What is the current status of the CEO search?

The CEO search has narrowed to qualified candidates, with an expected new CEO appointment by the year-end to enhance the company's business strategies and drug commercialization efforts.

How does the Company make decisions regarding executive compensation?

The Compensation Committee of the Board reviews, appoints independent members, and oversees executive compensation plans annually based on recommendations from an independent executive compensation advisory firm, ensuring competitive industry standards and talent retention.

What is the current status of the Amarex litigation effort?

CYDY is pursuing litigation against Amarex for its failures in clinical trial management, fully funding legal representation by Sidley Austin LLP. The final arbitration hearing is scheduled for August 2024, demonstrating the Company's commitment to maximizing recovery.

What is the status of the new communication strategy?

CYDY is shifting its communication strategy to be clear, concise, and frequent, engaging with stakeholders, and responding to inquiries. The Company aims to provide updates via SEC filings, direct communications, and a planned FAQ section on its website.

What clinical trials is the Company currently working on?

CYDY is focused on conducting Phase II clinical trials, with priorities set on oncology trials and inflammation studies to clarify leronlimab's effectiveness. The Company is also exploring research and development partnerships to further enhance its product development portfolio.

Is leronlimab currently available to the public outside of a clinical trial?

Leronlimab, as an unapproved drug, is not available to the general public. However, certain patients facing critical illnesses may access early investigational drugs under Expanded Access or Right to Try programs, subject to FDA approvals and requirements.

CYTODYN INC

OTC:CYDY

CYDY Rankings

CYDY Stock Data

134.18M
1.21B
0.78%
0.03%
Biotechnology
Healthcare
Link
United States of America
Vancouver