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LAVA Therapeutics N.V. Ordinary Shares - LVTX STOCK NEWS

Welcome to our dedicated page for LAVA Therapeutics N.V. Ordinary Shares news (Ticker: LVTX), a resource for investors and traders seeking the latest updates and insights on LAVA Therapeutics N.V. Ordinary Shares stock.

LAVA Therapeutics N.V. (Nasdaq: LVTX) is a pioneering biotechnology company that specializes in transforming cancer treatment through its innovative Gammabody® platform. This platform harnesses bispecific gamma-delta T cell engagers designed to target and eliminate cancer cells. The company focuses on both solid tumors and hematologic malignancies, aiming to deliver groundbreaking therapies for patients with unmet medical needs.

One of LAVA's lead programs is LAVA-1207, which targets the prostate-specific membrane antigen (PSMA) to treat metastatic castration-resistant prostate cancer (mCRPC). This program has shown a favorable safety profile and preliminary signs of anti-tumor activity in ongoing Phase 1/2a clinical trials across Europe and the United States. Recently, LAVA announced a collaboration with Merck & Co., Inc., Rahway, NJ, USA to evaluate LAVA-1207 in combination with Merck's anti-PD-1 therapy, KEYTRUDA® (pembrolizumab).

In addition to LAVA-1207, the company is advancing other promising candidates such as PF-08046052, formerly known as LAVA-1223, which targets EGFR-positive tumors and is being developed under a license agreement with Pfizer. LAVA is also preparing an IND submission for LAVA-1266, a treatment targeting CD123 for acute myeloid leukemia (AML) and myelodysplastic syndromes (MDS).

Financially, LAVA is well-positioned, with a focus on extending its cash runway into 2026 through strategic prioritization of its pipeline. The company has formed valuable collaborations, including partnerships with Seagen and Pfizer, to advance its clinical programs and support its growth trajectory.

For more detailed information on LAVA Therapeutics, visit their official website at www.lavatherapeutics.com and follow them on LinkedIn, X (formerly Twitter), and YouTube.

Rhea-AI Summary
LAVA Therapeutics N.V. (Nasdaq: LVTX) announced recent corporate highlights and financial results for the quarter ended September 30, 2023. The company continues to advance its lead program, LAVA-1207, in patients with mCRPC in a Phase 1/2a escalation study. They also initiated a Phase 1 study of SGN-EGFRd2 (LAVA-1223) in advanced solid tumors. The company's strong balance sheet with cash runway into 2026 positions LAVA well to bring benefits to patients and deliver shareholder value.
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LAVA Therapeutics CEO to participate in virtual fireside chat at H.C. Wainwright conference
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LAVA Therapeutics announces progress with lead program LAVA-1207 and partnered programs, portfolio reprioritization, and extension of cash runway into 2026. Cash, cash equivalents, and investments as of June 30, 2023, were $112.4 million. Revenue from contracts with customers was $5.1 million for Q2 2023. Loss for the period was $12.7 million. LAVA-1223 IND clearance received. Staff reduction and cost savings associated with discontinuation of LAVA-051. Loss per share was $0.48 for Q2 2023.
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LAVA Therapeutics announces that Janssen has chosen a lead candidate for further development in the treatment of cancer through their research collaboration. Janssen will be responsible for clinical development, manufacture, and commercialization.
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LAVA Therapeutics N.V. (Nasdaq: LVTX) has announced promising clinical data from its ongoing Phase 1/2a trials for LAVA-051 and LAVA-1207, focusing on hematologic malignancies and metastatic castration-resistant prostate cancer. LAVA-051 demonstrated a favorable safety profile and initial anti-tumor activity in patients with chronic lymphocytic leukemia and multiple myeloma. Similarly, initial data for LAVA-1207 indicated a favorable safety profile with signs of clinical activity, including stabilized or decreased PSA levels in heavily pre-treated patients. Financially, LAVA reported a strong balance sheet with cash and investments totaling $132.9 million, expected to sustain operations through 2026. Additionally, a license agreement with Seagen for LAVA-1223 provides $50 million upfront and up to $650 million in potential milestones.

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FAQ

What is the current stock price of LAVA Therapeutics N.V. Ordinary Shares (LVTX)?

The current stock price of LAVA Therapeutics N.V. Ordinary Shares (LVTX) is $1.809 as of November 4, 2024.

What is the market cap of LAVA Therapeutics N.V. Ordinary Shares (LVTX)?

The market cap of LAVA Therapeutics N.V. Ordinary Shares (LVTX) is approximately 48.1M.

What is LAVA Therapeutics N.V.?

LAVA Therapeutics N.V. is a biotechnology company that develops bispecific gamma-delta T cell engagers to treat cancer.

What is the Gammabody® platform?

The Gammabody® platform is LAVA Therapeutics' proprietary technology for creating bispecific gamma-delta T cell engagers that target and kill cancer cells.

What is LAVA-1207?

LAVA-1207 is a bispecific gamma-delta T cell engager that targets the prostate-specific membrane antigen (PSMA), currently in Phase 1/2a clinical trials for metastatic castration-resistant prostate cancer (mCRPC).

What recent achievements has LAVA Therapeutics made?

LAVA Therapeutics has announced a collaboration with Merck to evaluate LAVA-1207 in combination with KEYTRUDA® and has advanced several pipeline candidates, including PF-08046052 (formerly LAVA-1223) and LAVA-1266.

Who are LAVA Therapeutics' key partners?

LAVA Therapeutics partners with Seagen, Pfizer, and Merck & Co., Inc., Rahway, NJ, USA to develop and commercialize its pipeline candidates.

Where are LAVA Therapeutics' clinical trials conducted?

LAVA Therapeutics conducts clinical trials in both Europe and the United States.

What is PF-08046052?

PF-08046052, formerly known as LAVA-1223, is a bispecific gamma-delta T cell engager targeting EGFR-positive tumors. It is being developed under a license agreement with Pfizer.

What is the financial outlook for LAVA Therapeutics?

LAVA Therapeutics is focused on pipeline prioritization and strategic collaborations to extend its cash runway into 2026.

How does LAVA-1207 work?

LAVA-1207 works by targeting PSMA-positive tumor cells, triggering the potent and preferential killing of these cancer cells in patients with mCRPC.

Where can I find more information about LAVA Therapeutics?

For more information, please visit www.lavatherapeutics.com and follow the company on LinkedIn, X (formerly Twitter), and YouTube.

LAVA Therapeutics N.V. Ordinary Shares

Nasdaq:LVTX

LVTX Rankings

LVTX Stock Data

48.12M
26.29M
28.72%
32.62%
0.01%
Biotechnology
Healthcare
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United States of America
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