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Lumos Pharma, Inc. (Nasdaq: LUMO) is a clinical-stage biotechnology company dedicated to developing innovative therapeutics for rare diseases. Headquartered in the United States, Lumos Pharma focuses on creating treatments for conditions such as cancer and rare growth disorders. The company is active in both clinical-stage and preclinical research, emphasizing molecules that enhance the immune system's ability to fight cancer cells.
The company's portfolio includes orally administered treatments, designed to be used alongside other cancer therapies, and a promising Ebola vaccine. Recent achievements highlight the company's progress in its clinical trials, particularly the Phase 2 trials evaluating LUM-201 for moderate Pediatric Growth Hormone Deficiency (PGHD), which have shown significant results in increasing annualized height velocity (AHV). These advancements underscore Lumos Pharma's commitment to addressing unmet medical needs.
Lumos Pharma engages in strategic partnerships with pharmaceutical companies and contracts with manufacturing organizations to ensure the effective production of its treatments. A notable recent development is the appointment of Dr. Pitukcheewanont as Chief Medical Officer. Dr. Duke, with extensive experience in clinical development and medical affairs, has been integral in the advancement of Lumos Pharma's clinical programs.
Financially, Lumos Pharma is in a stable position, with cash on hand expected to support operations through Q3 2024. The company is also gearing up for a Phase 3 trial for LUM-201, poised to be a double-blinded, placebo-controlled clinical trial with a 2:1 randomization in approximately 150 patients. This trial aims to secure the approval of LUM-201 as the first oral therapeutic for moderate PGHD.
Lumos Pharma continues to exhibit its potential through its robust research initiatives, strategic partnerships, and a dedicated team of experts. The company's proactive approach in clinical and preclinical development projects positions it as a significant player in the biotechnology sector, particularly in the realm of rare diseases.
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.
Lumos Pharma (NASDAQ:LUMO) announced its participation in the virtual Jefferies 2020 Healthcare Conference on June 2, 2020, at 4:30 PM ET. The biopharmaceutical company, focused on therapeutics for rare diseases, will also conduct one-on-one investor calls. A live webcast of the presentation will be accessible on Lumos Pharma's website under the “Investors & Media” section. Lumos Pharma's lead candidate, LUM-201, aims to offer an oral alternative for Pediatric Growth Hormone Deficiency, having received Orphan Drug Designation in the US and EU.
Lumos Pharma, Inc. (NASDAQ:LUMO) is set to report its first quarter 2020 financial results on May 28, 2020, after market close. A conference call will follow at 4:30 PM ET to discuss the results and corporate updates, including a Q&A session. Investors can join the call via phone or through the company’s website. Lumos Pharma focuses on developing therapeutics for rare diseases, including its lead candidate LUM-201 for Pediatric Growth Hormone Deficiency, which has received Orphan Drug Designation in the US and EU.
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