STOCK TITAN

MAIA Biotechnology, Inc. - MAIA STOCK NEWS

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

MAIA Biotechnology, Inc. (symbol: MAIA) is a pioneering clinical-stage biopharmaceutical company with a strong focus on targeted immunotherapies for cancer. Headquartered in Chicago, this privately-held company is driven by a dedicated management team with extensive experience in drug development. MAIA Biotechnology is committed to creating first-in-class drugs with novel mechanisms of action aimed at significantly improving and extending the lives of cancer patients.

At the core of MAIA's operations is the development of innovative therapies such as THIO, a promising cancer telomere-targeting agent currently undergoing clinical trials for the treatment of telomerase-positive cancer cells. The company's strategy is to build a diverse portfolio of potentially breakthrough compounds, each with unique mechanisms of action and potential efficacy across various tumor types. This approach not only mitigates risk but also enhances the opportunity for success in the competitive biopharmaceutical landscape.

MAIA’s unique business model involves placing drug candidates into their specialized, R&D-focused subsidiary companies. These subsidiaries are supported by a common infrastructure, making the overall operation more efficient and focused. This structure allows MAIA to concentrate on advancing its most promising agents into human clinical trials, ensuring that the most effective therapies reach patients as swiftly as possible.

In recent developments, MAIA has made significant strides in its clinical programs, securing valuable partnerships and achieving critical milestones. These advances demonstrate the company's unwavering commitment to innovation and excellence in oncology treatment. Investors and stakeholders can stay informed of MAIA’s latest news, achievements, and ongoing projects, which reflect the company's potential for future growth and impact in the field of cancer treatment.

Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE: MAIA) has priced an underwritten public offering of 2,222,200 shares of its common stock at $2.25 per share, aiming to raise approximately $5 million. The offering includes a 45-day option for underwriters to purchase an additional 333,300 shares at the public offering price. The net proceeds will be allocated to fund ongoing clinical trials of THIO, development of second-generation telomere targeting compounds, and general corporate purposes. The offering is expected to close on April 27, 2023. ThinkEquity is serving as the sole book-runner for this offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.44%
Tags
-
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) revealed preliminary survival data from the ongoing Phase 2 trial THIO-101, assessing THIO for advanced Non-Small Cell Lung Cancer (NSCLC). The initial two patients remain alive approximately 10 and 9 months post-treatment. Notably, these individuals are Stage IV metastatic cases, previously treated with multiple therapies. The trial has shown that the first six evaluable patients tolerated the THIO high dose without dose-limiting toxicities. Currently, these patients exhibit no disease progression, with reports of 7 and 6 months progression-free survival. These preliminary outcomes suggest potential advancements in treatment options for heavily pretreated lung cancer patients, offering a significant improvement over standard survival rates of 3-4 months.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
-
Rhea-AI Summary

MAIA Biotechnology has announced the peer-reviewed publication of a study in Molecular Cancer Therapeutics detailing the anticancer effects of THIO in treating Hepatocellular Carcinoma (HCC). The research shows that THIO induces immune responses and can significantly enhance tumor regression, particularly when combined with checkpoint inhibitors.

The results indicate a strong rationale for a clinical trial of THIO in HCC, supported by the US FDA's Orphan Drug Designation. MAIA’s leadership expressed confidence in THIO’s potential as a treatment, emphasizing the findings' relevance to their ongoing clinical development plans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) announced its participation in the AACR Annual Meeting 2023 where it will present a poster detailing its ongoing Phase 2 clinical trial, THIO-101, for patients with advanced Non-Small Cell Lung Cancer (NSCLC).

The presentation will occur on April 17, 2023, during the session titled "Phase II and Phase III Clinical Trials in Progress". The primary goals of the THIO-101 trial are to assess the safety and tolerability of THIO, as well as its efficacy using Overall Response Rate as the primary endpoint. This trial represents a significant advancement in evaluating THIO's effectiveness in NSCLC patients who have previously shown resistance to treatments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
conferences
-
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) has announced positive topline data from Part A of its THIO-101 Phase 2 trial for advanced Non-Small Cell Lung Cancer (NSCLC). The safety lead-in demonstrated that MAIA’s telomere-targeting agent, THIO, combined with Regeneron’s Libtayo (cemiplimab), was well tolerated with no dose-limiting toxicities or significant adverse events. Part A involved six patients and indicated mild toxicities like grade 1 fatigue and muscle pain. The company is now recruiting for Part B, aimed at randomized efficacy and dose selection, with a plan to report preliminary efficacy data later this year. This progression marks a significant achievement for MAIA, emphasizing the potential for THIO as a treatment in NSCLC patients who have not responded to previous therapies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.08%
Tags
-
Rhea-AI Summary

MAIA Biotechnology (NYSE: MAIA) has reported progress with its clinical trials and financial results for 2022. Patient enrollment is underway for the Phase 2 trial, THIO-101, targeting advanced non-small cell lung cancer (NSCLC) in Europe. Plans are also in place for a second Phase 2 Go-To-Market trial, THIO-102. The company presented promising preclinical data at the SITC Annual Meeting regarding THIO's efficacy in hepatocellular carcinoma. As of December 31, 2022, MAIA held approximately $10.9 million in cash, with R&D expenses increasing to $8.9 million, leading to a net loss of $15.7 million for the year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) has confirmed that it has no financial exposure to Silicon Valley Bank (SVB), which is under control of the Federal Deposit Insurance Corp. due to liquidity concerns. The company does not hold any deposits or investments at SVB, Silvergate Bank, or Signature Bank. MAIA's cash is managed across top-tier financial institutions. This assurance reflects MAIA's cautious financial management amid industry uncertainties, allowing it to focus on its lead program, THIO, aimed at treating telomerase-positive cancers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.25%
Tags
none
-
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) announced the dosing of the first two patients in its Phase 2 trial, THIO-101, in Europe for advanced Non-Small Cell Lung Cancer (NSCLC). The trial aims to assess the safety, tolerability, and preliminary efficacy of THIO, a novel telomere-targeting agent. Following clearances in Hungary, Poland, and Bulgaria, five clinical sites have been activated. The trial commenced in Australia in July 2022 and in Europe in March 2023. The primary endpoint is Overall Response Rate (ORR), with data expected later this year, providing a potential treatment avenue for patients with high unmet needs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
Tags
-
Rhea-AI Summary

MAIA Biotechnology announced plans to initiate its second Phase 2 trial, THIO-102, for evaluating its telomere-targeting agent THIO in combination with checkpoint inhibitors such as pembrolizumab and atezolizumab. This trial will target multiple cancer types, including small cell lung cancer and liver cancer. THIO has already received two Orphan Drug Designations from the FDA, reflecting its significant potential. Positive preclinical results indicate that THIO enhances the efficacy of pembrolizumab and can convert 'cold' tumors into responsive ones. The trial aims for accelerated approvals across several indications, potentially numbering over ten.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.71%
Tags
none
Rhea-AI Summary

MAIA Biotechnology, Inc. (NYSE American: MAIA) announced advancements in its Telomere-Targeting Molecule Program, known as Project T3, aimed at developing novel anti-cancer agents. The company has identified two lead candidates, MAIA-2021-20 and MAIA-2022-12, for further preclinical evaluation, with potential progression to human clinical trials. The research showed promising anti-cancer activity in various models and demonstrated the compounds' ability to induce tumor cell death. Additionally, a provisional patent for these new molecules was filed in Q4 2022, marking a significant milestone for MAIA in its oncology-focused initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.01%
Tags
none

FAQ

What is the current stock price of MAIA Biotechnology (MAIA)?

The current stock price of MAIA Biotechnology (MAIA) is $2.38 as of January 7, 2025.

What is the market cap of MAIA Biotechnology (MAIA)?

The market cap of MAIA Biotechnology (MAIA) is approximately 63.0M.

What does MAIA Biotechnology, Inc. specialize in?

MAIA Biotechnology specializes in developing first-in-class drugs with novel mechanisms of action, primarily focused on targeted immunotherapies for cancer.

What is MAIA Biotechnology's core drug development program?

MAIA's core program is THIO, a potential cancer telomere-targeting agent in clinical development for treating telomerase-positive cancer cells.

Where is MAIA Biotechnology headquartered?

MAIA Biotechnology is headquartered in Chicago.

What is MAIA's business model?

MAIA's business model involves placing drug candidates into dedicated, R&D-focused subsidiary companies, which are supported by a common infrastructure.

How does MAIA Biotechnology manage risk in its drug development process?

MAIA manages risk by diversifying its portfolio with various compounds that have novel mechanisms of action and potential effectiveness across multiple tumor types.

Who leads MAIA Biotechnology?

MAIA is led by a passionate and experienced management team with significant expertise in drug development.

What recent achievements has MAIA Biotechnology made?

MAIA has made significant strides in its clinical programs, securing valuable partnerships and achieving critical milestones in cancer treatment development.

Is MAIA Biotechnology a public or private company?

MAIA Biotechnology is a privately-held company.

How can I stay updated with the latest news about MAIA Biotechnology?

You can stay updated with the latest news by following MAIA Biotechnology on stock market websites like StockTitan and other financial news platforms.
MAIA Biotechnology, Inc.

NYSE:MAIA

MAIA Rankings

MAIA Stock Data

63.04M
21.92M
17.49%
7.51%
2.76%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
CHICAGO