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Mersana Therapeutics, Inc. - MRSN STOCK NEWS

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

Mersana Therapeutics, Inc. (NASDAQ: MRSN) is a clinical-stage biopharmaceutical company dedicated to developing innovative antibody-drug conjugates (ADCs) aimed at improving the lives of cancer patients. Leveraging their proprietary Fleximer platform, Mersana is rewriting the rules for immunoconjugate therapies by creating precisely targeted and highly tailored drugs. This platform allows for the custom design of ADCs with specific properties that overcome current limitations and enhance the drug's effectiveness against particular cancers, while minimizing side effects.

Mersana's lead product candidate, Upifitamab Rilsodotin (UpRi), utilizes the Dolaflexin platform and targets the NaPi2b protein, primarily for the treatment of platinum-resistant ovarian cancer. Although the UPLIFT clinical trial did not meet its primary endpoint, the company is conducting in-depth analyses to understand the results and potential future steps for UpRi.

Among its pipeline, Mersana's early-stage programs include XMT-1660, a Dolasynthen ADC targeting B7-H4, and XMT-2056, a STING agonist ADC developed using the Immunosynthen platform, which targets a novel epitope of human epidermal growth factor receptor 2 (HER2). Mersana is advancing XMT-1660 in its Phase 1 clinical trial, with plans to initiate dose expansion in 2024. For XMT-2056, Mersana has resumed enrollment in its Phase 1 clinical trial following the lifting of a clinical hold by the FDA.

Mersana collaborates with multiple partners, such as Janssen Biotech and Merck KGaA, to advance their ADC pipelines using Mersana’s innovative platforms. Additionally, the company continues to strengthen its financial position, reporting substantial cash reserves to support its operations into 2026.

With a focus on developing next-generation ADCs, Mersana remains committed to delivering meaningful clinical benefits to cancer patients through its robust pipeline and strategic partnerships.

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Mersana Therapeutics, Inc. (NASDAQ:MRSN) announced that CEO Anna Protopapas will present at the 29th Annual Credit Suisse Virtual Healthcare Conference on November 11 at 11:00 a.m. ET. A live webcast of the presentation can be accessed on Mersana’s website, with an archived replay available for 90 days. Mersana is focused on developing antibody-drug conjugates (ADCs) to address significant cancer treatment needs. Their lead candidate, XMT-1536, is in a Phase 1 clinical study for ovarian cancer, while XMT-1592 targets NaPi2b-expressing tumors.

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Mersana Therapeutics (NASDAQ:MRSN) announced a conference call and webcast on November 9, 2020, at 8:00 a.m. ET. The call aims to discuss its third-quarter financial results for the period ending September 30, 2020, and provide business updates. The company is focused on developing antibody-drug conjugates (ADCs) to target cancers with significant unmet needs. Their lead candidate, XMT-1536, is currently in a Phase 1 trial for ovarian cancer and NSCLC adenocarcinoma, while XMT-1592 is in a dose escalation Phase 1 trial targeting NaPi2b-expressing tumors.

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Mersana Therapeutics (NASDAQ: MRSN) reported interim data from a Phase 1 study of XMT-1536 for ovarian cancer, showing a 34% objective response rate and a 79% disease control rate among 47 patients. The drug was well-tolerated, with no new safety signals. Notably, two patients achieved complete responses. The trial targets patients with platinum-resistant cancer and highlights the potential for biomarker-based patient selection. Mersana aims to advance into registration-enabling studies and present more mature results by year-end.

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Mersana Therapeutics (NASDAQ:MRSN) announced updated interim data from its ongoing Phase 1 expansion study of XMT-1536, targeting ovarian cancer. The data will be shared in an e-poster at the 2020 ESMO Virtual Congress starting on September 17, 2020. This ADC aims to improve efficacy and safety for patients. Additionally, a conference call featuring study investigator Erika Hamilton, MD will be held on the same day to discuss these findings further, emphasizing the company’s commitment to advancing cancer treatment.

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Mersana Therapeutics announced the appointment of Chuck Miller as Senior Vice President of Regulatory Affairs, along with a stock option grant for up to 120,000 shares at $19.16 each, fully vesting over four years. The grant complies with Nasdaq's Inducement Award rules. The company focuses on developing innovative antibody-drug conjugates for cancer treatment, with lead product XMT-1536 in Phase 1 trials for ovarian cancer and NSCLC. Mersana’s pipeline also includes other ADC candidates targeting high unmet medical needs.

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Mersana Therapeutics (Nasdaq: MRSN) announced the appointment of Chuck Miller as Senior Vice President of Regulatory Affairs. With over 25 years of experience, Miller has previously held leadership roles at TESARO and Cubist. He was integral in the regulatory approval of significant products like ZEJULA and ZERBAXA. As Mersana focuses on advancing its clinical pipeline, including XMT-1536 for ovarian cancer and XMT-1592, Miller's expertise is expected to be crucial. His appointment aligns with the company’s ongoing commitment to improving outcomes for cancer patients.

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Mersana Therapeutics (NASDAQ:MRSN) reported promising interim data from its XMT-1536 Phase 1 study, showcasing a 35% objective response rate in ovarian cancer patients. The company initiated a Phase 1 study for its Dolasynthen ADC, XMT-1592. Financially, Mersana raised $240 million in gross proceeds, providing funding for over two years. Despite a net loss of $19.8 million in Q2 2020, an increase in collaboration revenue to $0.8 million was noted. Mersana plans to further disclose data at ESMO and anticipates updates on its clinical programs.

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Mersana Therapeutics, Inc. (NASDAQ: MRSN) announced its participation in two investor conferences in August 2020. The company focuses on developing antibody-drug conjugates (ADCs) to treat cancers with significant unmet medical needs. Key events include:

  • BTIG Virtual Biotechnology Conference - August 11, 2020, 1:00 p.m. ET (Fireside Chat)
  • Wedbush PacGrow Healthcare Virtual Conference - August 12, 2020, 1:45 p.m. ET (Presentation)

Webcasts will be available on Mersana's website, with archived replays for 90 days.

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Mersana Therapeutics (NASDAQ:MRSN) announced an upcoming conference call on August 7, 2020, at 8:00 a.m. ET to discuss its financial results for Q2 2020, ending June 30. The company specializes in developing antibody-drug conjugates (ADCs) for high unmet medical needs in cancer treatment. Mersana's lead candidate, XMT-1536, is advancing through clinical trials for ovarian cancer and non-small cell lung cancer (NSCLC). The company is also progressing with XMT-1592, targeting NaPi2b-expressing tumors. More information is available on their website.

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FAQ

What is the current stock price of Mersana Therapeutics (MRSN)?

The current stock price of Mersana Therapeutics (MRSN) is $1.6 as of December 20, 2024.

What is the market cap of Mersana Therapeutics (MRSN)?

The market cap of Mersana Therapeutics (MRSN) is approximately 195.2M.

What is Mersana Therapeutics, Inc.?

Mersana Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative antibody-drug conjugates (ADCs) for cancer treatment.

What platforms does Mersana use for its ADC development?

Mersana utilizes the Fleximer platform, Dolaflexin platform, Dolasynthen platform, and Immunosynthen platform for developing its ADCs.

What is Upifitamab Rilsodotin (UpRi)?

Upifitamab Rilsodotin (UpRi) is Mersana's lead product candidate, targeting the NaPi2b protein for treating platinum-resistant ovarian cancer.

What are XMT-1660 and XMT-2056?

XMT-1660 is a Dolasynthen ADC targeting B7-H4, and XMT-2056 is an Immunosynthen ADC targeting a novel HER2 epitope. Both are in Phase 1 clinical trials.

What recent clinical trial updates did Mersana report?

Mersana reported that the UPLIFT trial for UpRi did not meet its primary endpoint and announced plans for further analysis. Enrollment in the Phase 1 trial of XMT-2056 has resumed after the FDA lifted a clinical hold.

Who are Mersana's strategic partners?

Mersana partners with Janssen Biotech, Merck KGaA, and other companies to advance their ADC pipelines using Mersana’s platforms.

What is the Fleximer platform?

The Fleximer platform is Mersana’s proprietary technology that custom designs ADCs with specific properties to improve their effectiveness against cancer cells and reduce side effects.

What is Mersana's financial outlook?

Mersana has reported substantial cash reserves to support its current operating plan commitments into 2026, ensuring financial stability for its ongoing projects.

What are Mersana's future plans for XMT-1660?

Mersana plans to complete the dose escalation portion of the Phase 1 clinical trial of XMT-1660 in 2023 and initiate the dose expansion portion in 2024.

Where can investors find more information about Mersana?

Investors can find more information on the 'Investors & Media' section of Mersana’s website at www.mersana.com.

Mersana Therapeutics, Inc.

Nasdaq:MRSN

MRSN Rankings

MRSN Stock Data

195.18M
121.78M
1.26%
95.36%
7.62%
Biotechnology
Pharmaceutical Preparations
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United States of America
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