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Ngm Biopharmaceuticals - NGM STOCK NEWS

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About NGM Biopharmaceuticals, Inc.

NGM Biopharmaceuticals, Inc. (Nasdaq: NGM) is a research-driven, clinical-stage biopharmaceutical company dedicated to discovering and developing transformative biologic therapeutics. With a focus on addressing unmet medical needs, NGM employs a proprietary drug discovery platform to generate a robust pipeline of first-in-class drug candidates. The company’s initial research and development efforts have centered on cardio-metabolic diseases, liver diseases, and oncology, but its expertise extends to a wide range of disease areas.

Core Business and Scientific Approach

At the heart of NGM's operations is its biology-centric drug discovery platform, which integrates a comprehensive understanding of human biology with advanced protein and antibody engineering. The company focuses on elucidating the complex interactions between hormones, cell receptors, and associated ligands to uncover novel therapeutic targets. By deeply analyzing the relationship between the structure and function of proteins, NGM is able to design biologics with optimized pharmacologic profiles, aiming for high efficacy and safety in clinical applications.

Therapeutic Areas and Pipeline

NGM's research spans multiple therapeutic areas, reflecting the versatility of its platform:

  • Cardio-Metabolic Diseases: Leveraging insights into metabolic pathways to address conditions such as nonalcoholic steatohepatitis (NASH) and other metabolic disorders.
  • Liver Diseases: Developing innovative treatments for progressive liver diseases, including primary sclerosing cholangitis (PSC).
  • Oncology: Advancing novel immuno-oncology candidates targeting solid tumors, with a focus on overcoming resistance to traditional immunotherapies.

All therapeutic candidates in NGM’s pipeline are generated in-house, underscoring the productivity of its discovery engine and its commitment to addressing complex diseases with innovative solutions.

Competitive Position and Market Context

NGM operates in the highly competitive biopharmaceutical industry, which is characterized by rapid innovation and significant regulatory challenges. The company differentiates itself through its biology-first approach, which integrates deep scientific understanding with cutting-edge protein engineering. This enables NGM to develop first-in-class therapeutics that target previously unexplored mechanisms of disease. Its focus on high-burden conditions with limited treatment options positions it as a key player in the biopharmaceutical landscape.

Challenges and Opportunities

As a clinical-stage company, NGM faces challenges such as high R&D costs, lengthy development timelines, and the uncertainty of clinical trial outcomes. Additionally, regulatory approval processes and competition from other biotech firms add complexity to its operations. However, the company’s innovative platform and expertise in biologics provide significant opportunities to address unmet medical needs and establish partnerships that can drive growth.

Scientific Expertise and Commitment to Innovation

NGM’s commitment to scientific excellence is evident in its rigorous approach to drug discovery and development. By combining advanced structural biology with protein engineering, the company is able to design therapeutics that are both highly specific and effective. This expertise not only enhances the potential success of its drug candidates but also reinforces its position as a leader in biologic innovation.

With a focus on transforming patient outcomes through cutting-edge science, NGM Biopharmaceuticals continues to push the boundaries of what is possible in the treatment of complex diseases.

Rhea-AI Summary
NGM Biopharmaceuticals, Inc. has been acquired by Atlas Neon Parent, Inc., an affiliate of The Column Group, LP, through a successful cash tender offer at $1.55 per share. The acquisition resulted in NGM Bio becoming a privately held subsidiary of Parent.
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NGM Biopharmaceuticals announces presentation of NGM707 clinical data at AACR Annual Meeting
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NGM Biopharmaceuticals, Inc. provided updates on ongoing trials for NGM707 in colorectal cancer, NGM120 for hyperemesis gravidarum, and aldafermin for primary sclerosing cholangitis. The company reported $144.2 million in cash and announced a merger agreement with Atlas Neon Parent, Inc. Key financial results for the fourth quarter and full year 2023 were also disclosed.
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NGM Bio announced a definitive Agreement and Plan of Merger with Atlas Neon Parent, Inc. and Atlas Neon Merger Sub, offering $1.55 per share in cash, an 80% premium over the closing share price. The acquisition, valued at $135 million, involves a cash tender offer for all outstanding shares not held by affiliates of The Column Group, LP. The transaction is recommended by a Special Committee of independent directors and is expected to close in the second quarter of 2024.
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NGM Biopharmaceuticals, Inc. announced CEO David J. Woodhouse will participate in a panel on oncology targets at the Cowen 44th Annual Health Care Conference. The event will be webcast live and available for replay on NGM Bio's website.
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NGM Biopharmaceuticals, Inc. (Nasdaq: NGM) announced CEO and CFO participation in the B. Riley Securities 4th Annual Oncology Conference. They will provide a business update on NGM Bio’s oncology portfolio. The presentation will be available for replay on NGM Bio’s website for at least 30 days.
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NGM Biopharmaceuticals, Inc. (NGM Bio) (Nasdaq: NGM) announces encouraging findings in heavily pretreated patients in multiple solid tumor indications, including MSS colorectal cancer (CRC), in ongoing Phase 1 Part 1b study evaluating NGM707, a dual ILT2/ILT4 antagonist antibody, in combination with KEYTRUDA® (pembrolizumab) and outlines its strategy to evolve clinical development of its product candidates aldafermin and NGM120 to focus on rare conditions.
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NGM Biopharmaceuticals, Inc. (NGM Bio) (Nasdaq: NGM) shared positive results from its Phase 2b ALPINE 4 trial of aldafermin, an engineered FGF19 analog product candidate, in patients with compensated cirrhosis due to NASH. The trial met its primary endpoint, showing a statistically significant reduction in Enhanced Liver Fibrosis (ELF) score compared to placebo after 48 weeks of treatment. Dose-dependent improvements were reported across histologic and non-invasive secondary endpoints. The study also demonstrated that aldafermin treatment up to one year was generally well tolerated with no treatment-related serious adverse events.
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NGM Biopharmaceuticals, Inc. (NGM Bio) (Nasdaq: NGM) Announces CEO Participation in Evercore ISI HealthCONx Conference and Jefferies London Healthcare Conference
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NGM Biopharmaceuticals reports $166.0 million in cash as of September 30, 2023, with expected cash runway into mid-2025. Jean-Frédéric Viret appointed as CFO. Progress made on myeloid checkpoint solid tumor programs. Data from Phase 2b trial of aldafermin selected for oral presentation at AASLD The Liver Meeting.
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FAQ

What is the market cap of Ngm Biopharmaceuticals (NGM)?

The market cap of Ngm Biopharmaceuticals (NGM) is approximately 128.5M.

What does NGM Biopharmaceuticals specialize in?

NGM Biopharmaceuticals specializes in discovering and developing first-in-class biologic therapeutics for diseases such as cardio-metabolic disorders, liver diseases, and cancer.

How does NGM Biopharmaceuticals differentiate itself?

NGM differentiates itself through its biology-centric drug discovery platform, which integrates deep biological insights with protein and antibody engineering to develop innovative therapeutics.

What therapeutic areas does NGM Biopharmaceuticals focus on?

NGM focuses on cardio-metabolic diseases, liver diseases, and oncology, leveraging its expertise to address complex diseases with significant unmet medical needs.

What is the core strength of NGM Biopharmaceuticals’ drug discovery platform?

NGM's platform combines structural biology and protein engineering to optimize the pharmacologic profiles of its biologic candidates, enabling efficient and targeted therapeutic development.

What are some challenges faced by NGM Biopharmaceuticals?

As a clinical-stage company, NGM faces challenges such as high R&D costs, regulatory hurdles, lengthy development timelines, and competition within the biopharmaceutical industry.

What makes NGM Biopharmaceuticals’ approach biology-centric?

NGM’s biology-centric approach focuses on understanding the interactions of hormones, cell receptors, and ligands to uncover novel therapeutic targets and design first-in-class biologics.

How does NGM Biopharmaceuticals generate its therapeutic candidates?

All of NGM’s therapeutic candidates are generated in-house using its proprietary drug discovery platform, which integrates biological insights and protein engineering.

What is the significance of NGM’s focus on first-in-class biologics?

By targeting previously unexplored mechanisms of disease, NGM aims to develop first-in-class biologics that address unmet medical needs and improve patient outcomes.
Ngm Biopharmaceuticals

Nasdaq:NGM

NGM Rankings

NGM Stock Data

128.53M
64.29M
21.08%
54.16%
2.01%
Biotechnology
Healthcare
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United States
South San Francisco