MiNK Therapeutics, Inc. - INKT STOCK NEWS

MiNK Therapeutics, Inc. provided a corporate update and reported financial results for the first quarter 2023. Their lead program, agenT-797, showed promising results in advanced solid cancers and they have launched expansion studies in NSCLC and gastric cancer. They also announced the development of a novel FAP-CAR-iNKT therapy. MiNK will present new data on their allogeneic FAP-CAR-iNKT program at the ASGCT Annual Meeting. They ended the first quarter with a cash balance of $14.9 million.

Agenus Inc. provides a corporate update and reports financial results for Q1 2023. The botensilimab/balstilimab combination shows promising results in colorectal and ovarian cancer patients. The FDA granted Fast Track Designation to the combination for colorectal cancer. Agenus plans to advance its development programs and make botensilimab available to patients as soon as possible.

MiNK Therapeutics, a clinical-stage biopharmaceutical company focused on allogeneic invariant natural killer T (iNKT) cell therapies, announced the release of its first quarter 2023 financial results on May 11, 2023. The company will host a conference call and webcast at 8:30 a.m. ET to discuss these results and provide corporate updates. The conference call will be accessible via phone and online, with dedicated dial-in numbers for participants in the USA and Canada. MiNK is advancing its pipeline of native and engineered iNKT programs aimed at treating cancer and other immune-mediated diseases, emphasizing scalable manufacturing for off-the-shelf delivery.

MiNK Therapeutics (Nasdaq: INKT) presented promising results at the AACR annual meeting for its iNKT cell therapy, agenT-797, showing effectiveness against refractory solid tumors. In a phase 1/2 trial involving heavily pretreated patients, significant tumor shrinkage of over 42% was observed in a patient with gastric cancer, maintaining response for over 9 months. The therapy, administered without toxic lymphodepletion, remained detectable for about 8 weeks, promoting immune cell infiltration into tumors. Following these results, MiNK plans to expand trials, combining agenT-797 with established therapies in additional cancer types, furthering its commitment to advancing cancer treatment options.

Agenus has declared a dividend of 5 million shares of its subsidiary, MiNK Therapeutics, to shareholders on record as of April 17, 2023. The distribution aims to provide additional value and direct ownership in MiNK, which is engaged in developing allogeneic T cell therapies for cancer. The shares will be distributed no earlier than April 27, 2023, and no later than May 17, 2023. Fractional shares will be compensated in cash based on MiNK's closing price on the record date. This initiative reflects Agenus' confidence in MiNK's solid tumor programs and its commitment to enhancing shareholder value.

MiNK Therapeutics reported its financial results for Q4 and full year 2022, highlighting key advancements in their iNKT cell therapy programs. The company ended 2022 with a cash balance of $19.6 million, down from $38.9 million in 2021. Net loss for Q4 2022 was $7.8 million, or $0.23 per share, showing an increase from $5.8 million in Q4 2021. MiNK's therapy, AgenT-797, demonstrated clinical activity in solid tumors and will feature at the upcoming AACR Annual Meeting. The firm is advancing plans for combination studies and manufacturing capabilities to enhance production efficiency.

MiNK Therapeutics, Inc. (NASDAQ: INKT) announced an upcoming presentation of updated clinical data on its allo-iNKT cell therapy, agenT-797, scheduled for the American Association for Cancer Research (AACR) Annual Meeting from April 14-19, 2023. The presentation, titled 'Phase 1 clinical update of allogeneic invariant natural killer T cells (iNKTs),' will be conducted by Dr. Benedito Carneiro on April 18, 2023. MiNK is focused on developing innovative iNKT cell therapies for cancer treatment, leveraging a scalable manufacturing platform. This update could impact investor sentiment based on the therapy's progress in advanced solid tumors.