Welcome to our dedicated page for Lumos Pharma news (Ticker: LUMO), a resource for investors and traders seeking the latest updates and insights on Lumos Pharma stock.
Lumos Pharma, Inc. (formerly NASDAQ: LUMO) has communicated that it is a clinical stage biopharmaceutical company focused on therapeutics for rare diseases, with particular emphasis on Pediatric Growth Hormone Deficiency (PGHD). News about Lumos Pharma has frequently centered on the development of its lead candidate, LUM-201, an oral growth hormone secretagogue, and on key corporate milestones.
Company press releases describe a series of clinical updates from the Phase 2 OraGrowtH210 and OraGrowtH212 trials, where LUM-201 is being evaluated in children with moderate PGHD. These updates have highlighted growth outcomes, biomarker changes in IGF-1 and IGFBP-3, and detailed analyses of pulsatile growth hormone secretion patterns under LUM-201 treatment. Lumos Pharma has also reported presentations of these data at major endocrinology and pediatric endocrine conferences in regions including Europe, Latin America, and the Asia-Pacific.
In addition to clinical data, Lumos Pharma’s news flow has included information about regulatory interactions, such as its End of Phase 2 Meeting with the U.S. Food and Drug Administration regarding a potential placebo-controlled Phase 3 trial of LUM-201 in moderate PGHD. Financial updates, including quarterly results and cash position discussions, have also been part of the company’s public communications during its time as a listed entity.
A significant corporate development reported in the news is the successful completion of a tender offer and merger with Double Point Ventures LLC, after which Lumos Pharma’s common stock ceased trading on NASDAQ and the company began operating as a standalone business of Double Point Ventures. For readers reviewing the LUMO news archive, these items collectively provide historical context on Lumos Pharma’s clinical progress, regulatory discussions, financial reporting, and transition from a public company to a privately held business.
AUSTIN, Texas, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Lumos Pharma (NASDAQ:LUMO), a clinical-stage biopharmaceutical company, announced its participation in the virtual H.C. Wainwright BioConnect 2021 Conference from January 11-14, 2021. The company's presentation will be available on-demand starting January 11, 2021, at 6:00 AM ET, through the conference portal and Lumos Pharma's website. No one-on-one meetings will be conducted during this event. Lumos Pharma focuses on therapeutics for rare diseases, with LUM-201 as its lead candidate for Pediatric Growth Hormone Deficiency.
Lumos Pharma (NASDAQ:LUMO), a clinical-stage biopharmaceutical company, announced its participation in virtual investor conferences in December 2020. The company will engage in a fireside chat on November 23 and host one-on-one meetings on December 2 at the Piper Sandler Healthcare Conference. Additionally, Lumos will participate in a panel discussion at the Evercore ISI HealthCONx on December 3, where further one-on-one meetings will occur. The discussions will focus on Lumos' lead candidate, LUM-201, for Pediatric Growth Hormone Deficiency, which is an orally administered alternative to injections.
Lumos Pharma has commenced its Phase 2b OraGrowtH210 Trial to evaluate oral LUM-201 in pediatric growth hormone deficiency (PGHD) patients, anticipating data read-out by mid-2022. The company reported a net income of $1.8 million for Q3 2020, a notable improvement over the $2.7 million loss in Q3 2019. Lumos has secured $34 million from the first tranche of its PRV sale and expects to receive the remaining $26 million in Q1 2021. The firm ended Q3 2020 with $105.6 million in cash, sufficient to fund operations through crucial trial milestones.
AUSTIN, Texas, Oct. 29, 2020 - Lumos Pharma (NASDAQ:LUMO) announced its participation in two upcoming virtual investor conferences in November. The Stifel Healthcare Conference is scheduled for November 16, where management will host a fireside chat from 8:00-8:30AM ET and hold one-on-one meetings. The Jefferies London Healthcare Conference follows on November 17, with a fireside chat from 2:20-2:50PM ET. Live webcasts will be available on the company's website, and presentations will be archived for later viewing.
Lumos Pharma (NASDAQ:LUMO) will report its third quarter 2020 financial results after market close on November 10, 2020. A conference call will be held at 4:30 PM ET to discuss the results and provide updates on corporate activities, including a Q&A session. Investors can access the live audio webcast by dialing in or through the Lumos Pharma website. The company focuses on developing therapeutics for rare diseases, with its lead candidate, LUM-201, aimed at treating Pediatric Growth Hormone Deficiency and holding Orphan Drug Designation in the US and EU.
Lumos Pharma (NASDAQ: LUMO), a biopharmaceutical company focused on rare disease therapeutics, will participate in two virtual investor conferences in September 2020. At the H.C. Wainwright 22nd Annual Global Investment Conference from September 14-16, Lumos will present on September 14 at 4:30 PM ET and host one-on-one meetings. Additionally, at the Cantor Virtual Global Healthcare Conference on September 15-17, they will present on September 17 at 8:40 AM ET. Webcasts of both presentations will be available on their website.
Lumos Pharma has announced the sale of its Priority Review Voucher (PRV) for $100 million, receiving $60 million due to a 60% interest. This non-dilutive funding will enhance its balance sheet as the company prepares for a Phase 2b trial of LUM-201 in Pediatric Growth Hormone Deficiency (PGHD) by year-end 2020. Despite COVID-19 challenges, Lumos remains focused on expanding its rare disease pipeline and maintaining a robust cash position of $72.7 million. The company reported a net loss of $5.4 million for Q2 2020, up from $2.6 million in Q2 2019, with significant increases in R&D and G&A expenses.
Lumos Pharma (NASDAQ:LUMO) will announce its Q2 2020 financial results on August 13, 2020, after market close. A conference call and webcast will follow at 4:30 PM ET for discussing the results and corporate updates, with a Q&A session included. Investors can access the call via this link. Lumos Pharma is focused on developing therapies for rare diseases, with its lead candidate, LUM-201, targeting Pediatric Growth Hormone Deficiency and offering an alternative to daily injections.
Lumos Pharma (NASDAQ: LUMO) announced a definitive agreement to sell its Priority Review Voucher (PRV) to Merck for $60 million. The PRV, valued at $100 million, was granted by the FDA for the ERVEBO® vaccine. This transaction, expected to close after customary conditions, will provide Lumos with non-dilutive capital to expand its pipeline and explore acquisitions. Furthermore, the company plans to initiate its Phase 2b trial for LUM-201, a treatment for Pediatric Growth Hormone Deficiency (PGHD), by the end of 2020. This funding is in addition to their existing cash reserves.
Lumos Pharma (NASDAQ:LUMO) announced its financial results for Q1 2020, revealing a net income of $340,000, a significant improvement from a loss of $2.1 million in Q1 2019. Following the merger with NewLink Genetics, cash reserves increased to $85.8 million, sufficient to support operations through the Phase 2b trial of LUM-201 for Pediatric Growth Hormone Deficiency (PGHD), expected to start by year-end. Despite potential COVID-19 delays, the company aims to expand its pipeline and leverage non-dilutive funding from a priority review voucher.
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