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89Bio, Inc. - ETNB STOCK NEWS

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.

About 89bio, Inc.

89bio, Inc. (Nasdaq: ETNB) is a clinical-stage biopharmaceutical company headquartered in San Francisco, California, dedicated to the development and commercialization of innovative therapies for liver and cardiometabolic diseases. The company’s mission is to address unmet medical needs in these areas by advancing its lead product candidate, pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 (FGF21). Pegozafermin is specifically engineered to optimize biological activity through an extended half-life, making it a promising therapeutic option for complex conditions such as metabolic dysfunction-associated steatohepatitis (MASH)—formerly known as nonalcoholic steatohepatitis (NASH)—and severe hypertriglyceridemia (SHTG).

Core Focus and Product Pipeline

The company’s primary focus is on developing pegozafermin for the treatment of MASH, a chronic and progressive liver disease characterized by fat accumulation, inflammation, and fibrosis, which can lead to cirrhosis, liver failure, or hepatocellular carcinoma. Pegozafermin is also being developed for SHTG, a condition marked by dangerously high triglyceride levels that increase the risk of pancreatitis and cardiovascular disease. Both indications represent significant unmet medical needs, with limited treatment options available.

Pegozafermin has demonstrated encouraging results in clinical trials, showing potential anti-fibrotic, anti-inflammatory, and metabolic benefits. The company is currently advancing pegozafermin through multiple Phase 3 clinical trials under its ENLIGHTEN and ENTRUST programs. These trials aim to evaluate the efficacy and safety of pegozafermin in both non-cirrhotic and cirrhotic MASH patients, as well as in individuals with SHTG. The company’s clinical strategy is bolstered by regulatory designations such as Breakthrough Therapy status from the U.S. FDA and PRIME designation from the European Medicines Agency (EMA), which underscore the potential of pegozafermin to address critical unmet needs.

Competitive Positioning

89bio operates in a competitive biopharmaceutical landscape, with other companies also pursuing therapies for NASH/MASH and SHTG. However, the company differentiates itself through its proprietary glycoPEGylation technology, which enhances the pharmacokinetics and therapeutic potential of pegozafermin. Clinical data from the Phase 2b ENLIVEN trial demonstrated statistically significant improvements in liver histology, non-invasive biomarkers, and metabolic parameters, positioning pegozafermin as a potentially best-in-class FGF21 analog.

Challenges and Opportunities

Like other clinical-stage biopharmaceutical companies, 89bio faces challenges such as clinical trial risks, regulatory approval processes, and the need for substantial capital to fund its development programs. The competitive landscape for MASH and SHTG therapies also necessitates differentiation through clinical efficacy, safety, and patient convenience. Nonetheless, the company’s robust clinical pipeline, strategic focus on high-need indications, and strong regulatory support provide a solid foundation for potential success.

Conclusion

89bio, Inc. is at the forefront of developing transformative therapies for liver and cardiometabolic diseases. By leveraging its expertise in FGF21 biology and glycoPEGylation technology, the company aims to deliver innovative solutions for patients with MASH and SHTG, addressing significant gaps in current treatment paradigms. With its lead candidate pegozafermin progressing through late-stage clinical trials, 89bio is well-positioned to make a meaningful impact in the biopharmaceutical industry.

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89bio, Inc. (ETNB) to present at Oppenheimer 34th Annual Healthcare Life Sciences Conference, showcasing their focus on innovative therapies for liver and cardiometabolic diseases. The webcast will be available on the company's website.
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89bio, Inc. announced the approval of non-qualified stock options for two new employees as part of the 2023 Inducement Plan. The options allow the purchase of 28,400 shares of the company's common stock at the closing price on the grant date. The options will vest over a four-year period, subject to the employees' continued employment.
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89bio, Inc. (ETNB) Announces Approval of Non-Qualified Stock Options for New Employees
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89bio, Inc. (ETNB) successfully closed an upsized underwritten public offering, raising approximately $172.5 million. The company sold 17,567,567 shares of its common stock and pre-funded warrants to purchase up to 1,081,081 shares. The offering was led by BofA Securities and Leerink Partners, with H.C. Wainwright & Co. as the lead manager. The gross proceeds will be used for the development and commercialization of innovative therapies for liver and cardiometabolic diseases.
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89bio, Inc. (ETNB) announces the pricing of an upsized underwritten public offering of 15,135,135 shares of its common stock at a public offering price per share of $9.25, with expected gross proceeds of approximately $150.0 million.
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89bio, Inc. (ETNB) has announced a public offering of $125.0 million of its common stock or pre-funded warrants. The company aims to use the proceeds for clinical activities, development of pegozafermin, manufacturing scale-up, and general corporate purposes. The offering is subject to market conditions and will be managed by BofA Securities, Leerink Partners, Cantor, Raymond James, UBS Investment Bank, and H.C. Wainwright & Co.
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89bio, Inc. (ETNB) successfully concluded an end-of-Phase 2 Meeting with the FDA, supporting the advancement of pegozafermin into Phase 3 in NASH. The program will include two Phase 3 trials evaluating patients with NASH: ENLIGHTEN-Cirrhosis for F4 patients and ENLIGHTEN-Fibrosis for F2-F3 patients. The FDA has agreed to an accelerated approval pathway for both F4 and F2-F3 NASH patients using histology. The safety database will include data from the ongoing SHTG Phase 3 program. The trials will include patients on background GLP-1 therapy to assess the potential combination with pegozafermin. The ENLIGHTEN program will evaluate the efficacy and safety of pegozafermin in patients with NASH, with the trials expected to initiate in the first and second quarter of 2024.
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89bio, a clinical-stage biopharmaceutical company (ETNB) focused on liver and cardiometabolic disease therapies, announced positive Phase 2b ENLIVEN trial data for pegozafermin in NASH patients. The 48-week treatment demonstrated sustained improvements in liver health markers, including liver fat, inflammation, and fibrosis, with favorable safety profile.
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89bio, Inc. (ETNB) to participate in fireside chat at Evercore HEALTHCONx Conference
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89bio, Inc. (Nasdaq: ETNB) announces new data from ENLIVEN Phase 2b trial on pegozafermin treatment for F4 NASH patients. Results show improvements in liver specific biomarkers, fibrosis, and inflammation, with a responder analysis suggesting a correlation between NIT-based improvements and histological measures. Safety profile remains favorable. The company plans to initiate Phase 3 program in the first half of next year pending regulatory feedback.
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FAQ

What is the current stock price of 89Bio (ETNB)?

The current stock price of 89Bio (ETNB) is $8.885 as of March 3, 2025.

What is the market cap of 89Bio (ETNB)?

The market cap of 89Bio (ETNB) is approximately 1.3B.

What is 89bio's primary focus?

89bio focuses on developing therapies for liver and cardiometabolic diseases, particularly metabolic dysfunction-associated steatohepatitis (MASH) and severe hypertriglyceridemia (SHTG).

What is pegozafermin?

Pegozafermin is 89bio's lead product candidate, a glycoPEGylated analog of fibroblast growth factor 21 (FGF21) designed to treat MASH and SHTG by improving liver health and metabolic parameters.

What differentiates 89bio from competitors?

89bio leverages proprietary glycoPEGylation technology to extend the half-life of pegozafermin, enhancing its efficacy and convenience compared to other FGF21-based therapies.

What clinical trials is 89bio currently conducting?

89bio is conducting Phase 3 trials under the ENLIGHTEN program for MASH and the ENTRUST program for SHTG, evaluating the efficacy and safety of pegozafermin.

What regulatory designations has pegozafermin received?

Pegozafermin has received Breakthrough Therapy designation from the FDA and PRIME status from the EMA, highlighting its potential to address unmet medical needs.

What are the key benefits of pegozafermin?

Pegozafermin has demonstrated potential anti-fibrotic, anti-inflammatory, and metabolic benefits, with a favorable safety and tolerability profile in clinical trials.

What challenges does 89bio face?

89bio faces challenges such as clinical trial risks, regulatory hurdles, and competition in the MASH and SHTG treatment markets.

Where is 89bio headquartered?

89bio is headquartered in San Francisco, California.

What is the significance of glycoPEGylation technology?

GlycoPEGylation technology extends the half-life of therapeutic proteins like pegozafermin, optimizing their biological activity and dosing convenience.

What is MASH, and why is it significant?

MASH, formerly known as NASH, is a chronic liver disease characterized by fat accumulation, inflammation, and fibrosis, leading to severe complications like cirrhosis and liver failure.
89Bio, Inc.

Nasdaq:ETNB

ETNB Rankings

ETNB Stock Data

1.33B
142.83M
0.75%
97.48%
7.1%
Biotechnology
Pharmaceutical Preparations
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United States
SAN FRANCISCO