Welcome to our dedicated page for 89Bio news (Ticker: ETNB), a resource for investors and traders seeking the latest updates and insights on 89Bio stock.
Overview
89Bio, Inc. (symbol: ETNB) is a United States-based clinical-stage biopharmaceutical company committed to advancing innovative therapies for patients with liver and cardiometabolic diseases. Employing cutting-edge glycoPEGylation technology, the company is focused on enhancing the biological activity and prolonging the half-life of its therapeutic candidates through advanced drug engineering. With a robust pipeline centered on conditions such as metabolic dysfunction-associated steatohepatitis (MASH) and severe hypertriglyceridemia (SHTG), 89Bio is addressing significant unmet clinical needs with precision and scientific rigor.
Core Business and Product Pipeline
The company’s primary focus is on the development and eventual commercialization of pegozafermin, a specifically engineered fibroblast growth factor 21 (FGF21) analog. This molecule, enhanced by unique glycoPEGylated technology, has been designed to exert potent anti-fibrotic and metabolic effects. It aims to treat advanced liver conditions by reducing fibrosis and ameliorating metabolic dysregulation, a dual approach that positions 89Bio uniquely in the biotech landscape. Beyond its lead candidate, the company continues to explore additional therapeutic avenues within the liver and cardiometabolic realms, ensuring a diversified approach to clinical development.
Clinical Development and Research
89Bio has structured its clinical research around rigorous Phase 3 trials, notably the ENLIGHTEN program, which encompasses pivotal studies in both non-cirrhotic MASH (with fibrosis stages F2-F3) and MASH with compensated cirrhosis (F4). These randomized, double-blind, placebo-controlled trials are designed to evaluate key endpoints such as histological improvements in liver fibrosis and resolution of steatohepatitis. By integrating noninvasive diagnostic tools alongside traditional biopsy assessments, the company aims to streamline patient evaluation and enhance the sensitivity of therapeutic response measurement. Moreover, the advanced design of these trials reflects 89Bio's commitment to scientific excellence and clear regulatory communication, as evidenced by recent supportive designations from global regulatory bodies.
89bio, Inc. (Nasdaq: ETNB) announced the appointment of E. Morrey Atkinson, Ph.D., to its Board of Directors. Dr. Atkinson, with over 20 years of expertise in biopharmaceutical development and manufacturing, previously held senior roles at Vertex and Bristol Myers Squibb. CEO Rohan Palekar emphasized Atkinson’s valuable experience in optimizing manufacturing and commercializing therapies. This comes after promising data from the Phase 1b/2a study of 89bio's lead candidate, pegozafermin, targeting liver diseases like NASH and SHTG.
89bio, a clinical-stage biopharmaceutical company (Nasdaq: ETNB), announced its participation in the SVB Leerink 11th Annual Global Healthcare Conference on February 16, 2022, at 12:00 PM ET. The management team will engage in a fireside chat and one-on-one investor meetings. A presentation will be available via the conference portal and archived on its website.
89bio, focused on therapies for liver and cardio-metabolic diseases, announced positive results from a Phase 1b/2a study of pegozafermin for treating NASH. In an expansion cohort of 20 patients, 63% achieved a 2-point improvement in NAS without worsening fibrosis, with 32% showing NASH resolution. The treatment also showed significant changes in liver health and cardio-metabolic markers, with pegozafermin being generally well tolerated. The ongoing Phase 2b ENLIVEN trial is expected to provide further insights, with results anticipated in the first half of 2023.
89bio, Inc. (Nasdaq: ETNB) recently presented findings from the Phase 1b/2a study of BIO89-100 at The Liver Meeting 2021, revealing a significant average reduction of 11.8% in spleen volume among NASH patients. This post-hoc analysis establishes a correlation between liver fat reduction and decreased spleen volume, suggesting improved portal blood flow as a mechanism. The oral presentation was recognized by the AASLD as a key presentation at the event. With promising preliminary data, 89bio aims to further explore BIO89-100's therapeutic potential for NASH.
89bio, Inc. (Nasdaq: ETNB) reported its Q3 2021 financial results, highlighting significant advancements in its clinical program for BIO89-100, targeted at liver and cardio-metabolic diseases. The company plans to release data from its NASH study in January 2022 and from its SHTG study in the first half of 2022. As of September 30, 2021, 89bio had $157.4 million in cash but reported a net loss of $28.3 million for Q3 2021, an increase from the previous year, mainly due to rising R&D and G&A expenses.
89bio, Inc. (Nasdaq: ETNB) has appointed Kathy LaPorte to its Board of Directors, effective immediately. LaPorte brings over 30 years of biotech industry experience, enhancing operational capabilities and driving growth. CEO Rohan Palekar praised her expertise as invaluable for advancing the ongoing clinical development of BIO89-100, a potential treatment for NASH. LaPorte's background includes leadership roles in various biotech boards and a strong record in venture investing.
This strategic appointment aims to bolster 89bio's efforts in developing innovative therapies for liver and cardio-metabolic diseases.
89bio, Inc. (ETNB) announced new findings from a sub-analysis of its Phase 1b/2a study on BIO89-100 for non-alcoholic steatohepatitis (NASH), revealing a correlation between increased liver fat and spleen volume. The results will be presented at the AASLD The Liver Meeting 2021, taking place virtually from November 12-15, 2021. Additionally, the population pharmacokinetics and pharmacodynamics of BIO89-100 will be showcased. This treatment is engineered to enhance the biological activity of FGF21, aimed at addressing the root causes of NASH and severe hypertriglyceridemia.
89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company, announced a corporate update and one-on-one investor meetings at the Cantor Global Healthcare Conference on September 28, 2021, at 2:40 p.m. ET. The event will be virtual, and the presentation can be accessed via the investor section of 89bio's website. The company focuses on innovative therapies for liver and cardio-metabolic diseases, with its lead candidate BIO89-100 targeting nonalcoholic steatohepatitis (NASH) and severe hypertriglyceridemia (SHTG).
89bio, Inc. (Nasdaq: ETNB) announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The presentation will be available on-demand starting September 13 at 7:00 a.m. ET via the H.C. Wainwright conference portal. An archived webcast will be accessible on 89bio’s website. 89bio focuses on innovative therapies for liver and cardio-metabolic diseases, with its lead product candidate, BIO89-100, targeting nonalcoholic steatohepatitis and severe hypertriglyceridemia.
89bio, Inc. (Nasdaq: ETNB) announced the initiation of the Phase 2b ENLIVEN trial for its leading drug candidate BIO89-100, targeting patients with NASH. The trial will assess safety and efficacy over 48 weeks with various dosing strategies. The company completed enrollment in the histology cohort and expects topline data by year-end 2021. Financially, 89bio reported a net loss of $20.7 million for Q2 2021, driven by increased R&D expenses totaling $15.6 million. As of June 30, 2021, the company held $171 million in cash and equivalents, positioning it strongly for ongoing clinical developments.
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