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Leap Therapeutics, Inc. - LPTX STOCK NEWS

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

Leap Therapeutics, Inc. (Nasdaq: LPTX) is a pioneering clinical-stage biopharmaceutical company focused on developing novel targeted antibody therapies for cancer treatment. Headquartered in Cambridge, Massachusetts, Leap Therapeutics aims to discover and advance transformative cancer treatments by targeting tumor-promoting pathways, cancer-specific cell surface molecules, and activating the immune system against cancer cells.

The company's lead program, DKN-01, is a humanized monoclonal antibody that targets Dickkopf-related protein 1 (DKK1). This promising candidate is in clinical trials for treating esophagogastric, gynecologic, and colorectal cancers. Another key program, FL-301, targets Claudin18.2-expressing cells and is being developed for gastric and pancreatic cancer treatments. Leap Therapeutics also has two preclinical antibody programs, FL-302 and FL-501, which are advancing toward developing innovative cancer therapies.

Operating as a single segment dedicated to oncology, Leap Therapeutics has established several strategic collaborations to enhance its development pipeline, including a clinical collaboration with BeiGene for the DisTinGuish trial and partnerships with NovaRock Biotherapeutics and Adimab. The company's dedication to advancing targeted and immuno-oncology therapeutics underscores its commitment to addressing unmet needs in cancer treatment. Leap's research and development activities continue to make significant progress, with ongoing clinical trials and new data demonstrating the potential efficacy and safety of its therapeutic candidates.

In recent news, Leap Therapeutics announced the completion of enrollment in the randomized controlled Part C of the DisTinGuish study, evaluating DKN-01 in combination with tislelizumab and chemotherapy for advanced gastroesophageal junction and gastric cancer. Additionally, the company reported financial results for the first quarter of 2024, highlighting a successful $40 million financing that extends its cash runway into the second quarter of 2026. This funding will support the expansion and continued execution of the DKN-01 development program, including the expansion of the randomized controlled Part B of the DeFianCe study in second-line colorectal cancer patients.

For more information about Leap Therapeutics, visit www.leaptx.com or view their public filings with the SEC available via EDGAR at www.sec.gov or www.investors.leaptx.com.

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Leap Therapeutics (NASDAQ: LPTX) announced the appointment of Richard L. Schilsky, MD, to its Board of Directors, effective September 1, 2022. Dr. Schilsky has over 40 years of experience in cancer research and drug development, previously serving as Chief Medical Officer of ASCO. His expertise is expected to enhance Leap's drug development strategy, particularly for DKN-01, a monoclonal antibody aimed at treating solid tumors. The company continues to advance its pipeline and aims to deliver impactful therapies.

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Leap Therapeutics, Inc. (NASDAQ: LPTX) announced promising results from its DisTinGuish study for DKN-01 combined with tislelizumab and CAPOX in first-line gastric cancer, showing a median progression-free survival of 11.3 months. The study demonstrated favorable outcomes for DKK1-high and PD-L1-low subgroups. Additionally, the WAKING study, evaluating DKN-01 with Tecentriq, is ongoing. Safety profiles were consistent, with high overall response rates, particularly in DKK1-high patients. Leap aims to advance DKN-01's clinical development, enhancing treatment standards for advanced gastroesophageal cancers.

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Leap Therapeutics, Inc. (NASDAQ: LPTX) reported its Q2 2022 financial results, highlighting significant advancements in clinical trials for its lead product DKN-01. The company initiated Part C of the DisTinGuish study, evaluating DKN-01 alongside BeiGene's tislelizumab in G/GEJ cancer patients. Additionally, a new study in second-line colorectal cancer and an investigator-initiated trial with pembrolizumab were announced. Leap ended Q2 with $90.9 million in cash, providing a financial runway into mid-2024. Net loss for the quarter was $17.0 million, up from $9.5 million a year earlier, primarily due to rising clinical trial costs.

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Leap Therapeutics, Inc. (Nasdaq:LPTX) announces the transition of Board member Dr. Monica Bertagnolli, recently appointed as the 16th Director of the National Cancer Institute (NCI), marking the first woman to hold this position since 1937. Effective immediately, Dr. Bertagnolli steps down from Leap's Board, following a commendable tenure. The company expresses pride in her achievement, recognizing her significant contributions to cancer research and leadership. Leap Therapeutics focuses on immuno-oncology therapeutics, notably developing DKN-01 for various cancers in partnership with BeiGene, Ltd.

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Leap Therapeutics, in collaboration with BeiGene, announced the initiation of Part C of the DisTinGuish study, evaluating DKN-01 plus tislelizumab and chemotherapy in first-line gastric cancer patients. The study targets about 160 HER2-negative patients whose tumors express high DKK1 levels. Leap is also launching a second-line colorectal cancer trial with DKN-01 and bevacizumab, and supporting a trial in endometrial cancer with pembrolizumab. The company hosted an R&D Day to discuss these advancements and highlight strong preliminary results from previous trials.

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Leap Therapeutics, Inc. (Nasdaq: LPTX) has announced a virtual R&D Day scheduled for July 12, 2022, at 12:00 pm ET. The event will feature the executive management team along with key opinion leaders discussing new data related to their lead candidate, DKN-01, a humanized monoclonal antibody targeting the Dickkopf-1 (DKK1) protein. Attendees can access a live webcast via the company's Investors page, where a replay will also be available.

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Leap Therapeutics, Inc. (Nasdaq: LPTX) announced that initial clinical data from a Phase 1b/2a study of its anti-DKK1 antibody, DKN-01, will be presented at the ASCO Annual Meeting on June 6, 2022. The study evaluates DKN-01 as a monotherapy and in combination with docetaxel for metastatic castration-resistant prostate cancer (mCRPC). Key findings include no dose-limiting toxicities in any cohort and confirmed partial responses in all patients receiving the combination therapy, particularly in aggressive variant prostate cancer cases.

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Leap Therapeutics (Nasdaq:LPTX) reported a net loss of $10.4 million for Q1 2022, up from $9.1 million in Q1 2021, driven by increased clinical trial costs. License revenues dropped to $0 due to the prior recognition of upfront payments. R&D expenses rose to $7.8 million, primarily from clinical trial costs and payroll increases. General and administrative expenses increased slightly to $2.8 million. As of March 31, 2022, the company held $103.2 million in cash and cash equivalents. Positive data from the DisTinGuish Study was presented, showing promising response rates in gastric cancer patients.

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Leap Therapeutics (Nasdaq: LPTX) reported its financial results for the fourth quarter and year ended December 31, 2021. The company completed a $103.6 million public offering, yielding net proceeds of $96.8 million. Key clinical data from the DisTinGuish Study demonstrated promising results for DKN-01 in gastric cancer patients. Notably, the overall objective response rate (ORR) was 68%, with 90% in DKK1-high patients. Despite achieving clinical milestones, Leap incurred a net loss of $40.6 million, increasing from $27.5 million in 2020, primarily due to rising R&D expenses.

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Leap Therapeutics (Nasdaq: LPTX) announced that its CEO, Douglas E. Onsi, will present a corporate overview at the Raymond James Institutional Investors Conference in Orlando from March 6-9, 2022. The presentation is scheduled for March 9 at 7:30 a.m. ET and will be available via live webcast on the company's Investors page. Leap focuses on developing targeted and immuno-oncology therapeutics, with its leading candidate, DKN-01, in trials for various cancers. A replay of the event will be accessible post-presentation.

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FAQ

What is the current stock price of Leap Therapeutics (LPTX)?

The current stock price of Leap Therapeutics (LPTX) is $2.55 as of November 22, 2024.

What is the market cap of Leap Therapeutics (LPTX)?

The market cap of Leap Therapeutics (LPTX) is approximately 99.6M.

What does Leap Therapeutics, Inc. specialize in?

Leap Therapeutics specializes in developing targeted antibody therapies for cancer treatment, focusing on inhibiting tumor-promoting pathways, targeting cancer-specific cell surface molecules, and activating the immune system against cancer cells.

What is DKN-01?

DKN-01 is Leap Therapeutics' lead clinical candidate, a humanized monoclonal antibody targeting Dickkopf-related protein 1 (DKK1), being developed to treat esophagogastric, gynecologic, and colorectal cancers.

What are the latest developments in Leap Therapeutics' clinical trials?

Recent developments include the completion of enrollment in the Part C of the DisTinGuish study evaluating DKN-01 with tislelizumab and chemotherapy for advanced gastroesophageal junction and gastric cancer, and the expansion of the Part B of the DeFianCe study for second-line colorectal cancer.

Who are Leap Therapeutics' collaboration partners?

Leap Therapeutics collaborates with BeiGene for the DisTinGuish trial and has partnerships with NovaRock Biotherapeutics and Adimab.

What are the financial highlights from Leap Therapeutics' latest quarter?

For the first quarter of 2024, Leap Therapeutics reported a net loss of $13.8 million. Cash and cash equivalents totaled $54.9 million at the end of March 31, 2024. The company also completed a $40 million financing round in April 2024.

Where is Leap Therapeutics headquartered?

Leap Therapeutics is headquartered in Cambridge, Massachusetts.

What is FL-301?

FL-301 is one of Leap Therapeutics' clinical programs targeting Claudin18.2-expressing cells, being developed for gastric and pancreatic cancer treatments.

How does Leap Therapeutics plan to use the recent $40 million financing?

Leap Therapeutics intends to use the net proceeds to fund the continued development of its lead monoclonal antibody program, DKN-01, expand the randomized controlled Part B of the DeFianCe Study, enable data maturity in the Part C of the DisTinGuish study, and manufacture clinical trial material for Phase 3 readiness.

What are Leap Therapeutics' preclinical programs?

Leap Therapeutics has preclinical antibody programs, FL-302 and FL-501, which are aimed at developing new cancer treatments.

How can one access Leap Therapeutics' public filings?

Public filings can be accessed via EDGAR at the SEC's website (www.sec.gov) or through Leap Therapeutics' investor relations page (www.investors.leaptx.com).

Leap Therapeutics, Inc.

Nasdaq:LPTX

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LPTX Stock Data

99.63M
31.69M
17.29%
40.3%
2.64%
Biotechnology
Pharmaceutical Preparations
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United States of America
CAMBRIDGE